EXECUTION
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GE CAPITAL MORTGAGE SERVICES, INC.,
Seller and Servicer
and
STATE STREET BANK AND TRUST COMPANY,
Trustee
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POOLING AND SERVICING AGREEMENT
Dated as of February 1, 1997
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REMIC Multi-Class Pass-Through Certificates,
Series 1997-2
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Section Page
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TABLE OF CONTENTS
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ARTICLE I
DEFINITIONS
1.01. Definitions.............................................. 1
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
2.01. Conveyance of Mortgage Loans............................. 56
2.02. Acceptance by Trustee.................................... 59
2.03. Representations and Warranties of the Company;
Mortgage Loan Repurchase................................ 60
2.04. Execution of Certificates................................ 67
2.05. The REMICs............................................... 67
2.06. Designations under the REMIC Provisions.................. 71
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
3.01. Company to Act as Servicer............................... 72
3.02. Collection of Certain Mortgage Loan Payments;
Mortgage Loan Payment Records; Certificate Account...... 78
3.03. Collection of Taxes, Assessments and Other Items......... 81
3.04. Permitted Debits to the Mortgage Loan
Payment Records......................................... 81
3.05. Maintenance of the Primary Insurance Policies............ 83
3.06. Maintenance of Hazard Insurance.......................... 83
3.07. Assumption and Modification Agreements................... 84
3.08. Realization Upon Defaulted Mortgage Loans................ 85
3.09. Trustee to Cooperate; Release of Mortgage Files.......... 89
3.10. Servicing Compensation; Payment of Certain
Expenses by the Company................................. 90
3.11. Reports to the Trustee; Certificate Account
Statements.............................................. 90
3.12. Annual Statement as to Compliance........................ 91
3.13. Annual Independent Public Accountants'
Servicing Report........................................ 91
3.14. Access to Certain Documentation and Information
Regarding the Mortgage Loans............................ 91
3.15. Maintenance of Certain Servicing Policies................ 92
3.16. Optional Purchase of Defaulted Mortgage Loans............ 92
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Section Page
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ARTICLE IV
PAYMENTS AND STATEMENTS
4.01. Distributions............................................ 92
4.02. Method of Distribution...................................105
4.03. Allocation of Losses.....................................106
4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans..........................................110
4.05. Statements to Certificateholders.........................111
4.06. Servicer's Certificate...................................114
4.07. Reports of Foreclosures and Abandonments of
Mortgaged Property......................................114
4.08. Reduction of Servicing Fees by Compensating
Interest Payments.......................................114
ARTICLE V
THE CERTIFICATES
5.01. The Certificates.........................................114
5.02. Registration of Transfer and Exchange
of Certificates.........................................117
5.03. Mutilated, Destroyed, Lost or Stolen Certificates........124
5.04. Persons Deemed Owners....................................125
5.05. Access to List of Certificateholders' Names
and Addresses...........................................125
5.06. Representation of Certain Certificateholders.............125
5.07. Determination of COFI....................................126
5.08. Determination of LIBOR...................................127
ARTICLE VI
THE COMPANY
6.01. Liability of the Company.................................128
6.02. Merger or Consolidation of, or Assumption of the
Obligations of, the Company.............................128
6.03. Assignment...............................................129
6.04. Limitation on Liability of the Company and Others........129
6.05. The Company Not to Resign................................130
ARTICLE VII
DEFAULT
7.01. Events of Default........................................130
7.02. Trustee to Act; Appointment of Successor.................132
7.03. Notification to Certificateholders.......................133
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ARTICLE VIII
THE TRUSTEE
8.01. Duties of Trustee........................................133
8.02. Certain Matters Affecting the Trustee....................135
8.03. Trustee Not Liable for Certificates or
Mortgage Loans..........................................136
8.04. Trustee May Own Certificates.............................136
8.05. The Company to Pay Trustee's Fees and Expenses...........136
8.06. Eligibility Requirements for Trustee.....................137
8.07. Resignation or Removal of Trustee........................137
8.08. Successor Trustee........................................138
8.09. Merger or Consolidation of Trustee.......................139
8.10. Appointment of Co-Trustee or Separate Trustee............139
8.11. Compliance with REMIC Provisions; Tax Returns............141
ARTICLE IX
TERMINATION
9.01. Termination upon Repurchase by the Company or
Liquidation of All Mortgage Loans.......................141
9.02. Additional Termination Requirements......................143
ARTICLE X
MISCELLANEOUS PROVISIONS
10.01. Amendment...............................................143
10.02. Recordation of Agreement................................145
10.03. Limitation on Rights of Certificateholders..............145
10.04. Governing Law...........................................146
10.05. Notices.................................................146
10.06. Notices to the Rating Agencies..........................147
10.07. Severability of Provisions..............................147
10.08. Certificates Nonassessable and Fully Paid...............147
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Exhibits
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EXHIBIT A Forms of Certificates
EXHIBIT B Principal Balance Schedules
EXHIBIT C Mortgage Loans
EXHIBIT D Form of Servicer's Certificate
EXHIBIT E Form of Transfer Certificate as to
ERISA Matters for Definitive
ERISA-Restricted Certificates
EXHIBIT F Form of Residual Certificate
Transferee Affidavit
EXHIBIT G Form of Residual Certificate
Transferor Letter
EXHIBIT H Additional Servicer Compensation
EXHIBIT I Form of Investment Letter for
Definitive Restricted Certificates
EXHIBIT J Form of Distribution Date
Statement
EXHIBIT K Form of Special Servicing and
Collateral Fund Agreement
EXHIBIT L Form of Lost Note Affidavit and
Agreement
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THIS POOLING AND SERVICING AGREEMENT, dated as of
February 1, 1997, between GE CAPITAL MORTGAGE SERVICES, INC., a
corporation organized and existing under the laws of the State of
New Jersey, and STATE STREET BANK AND TRUST COMPANY, a
Massachusetts banking corporation, as Trustee.
W I T N E S S E T H T H A T :
- - - - - - - - - - - - - -
In consideration of the mutual agreements herein
contained, GE Capital Mortgage Services, Inc. and State Street
Bank and Trust Company agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01. Definitions. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Accretion Directed Certificate: Any Class 1-A5, Class
1-A6 or Class 1-A7 Certificate.
Accretion Termination Date: The earlier to occur of
(i) the Distribution Date on which the Certificate
Principal Balance of the Class 1-A6 Certificates and the
Component Principal Balances of the Class 1-A5B Component
and the Class 1-A7A Component have each been reduced to
zero and (ii) the Cross-Over Date.
Accrual Amount: As to any Class of Accrual
Certificates and any Accrual Component and each
Distribution Date through the related Accretion Termination
Date, the sum of (x) any amount of Accrued Certificate
Interest allocable to such Class or Component pursuant to
Section 4.01(a)(i) or (b)(i) on such Distribution Date and
(y) any amount of Unpaid Class Interest Shortfall allocable
to such Class or Component pursuant to Section 4.01(a)(ii)
or (b)(ii) on such Distribution Date, to the extent that
such amounts are distributed to any Accretion Directed
Certificates pursuant to Section 4.01(f). As to any Class
of Accrual Certificates and any Accrual Component and each
Distribution Date after the related Accretion Termination
Date, zero.
Accrual Certificate: Any Class 1-A7 Certificate.
Accrual Component: The Class 1-A7B Component.
Accrued Certificate Interest: As to any Distribution
Date and any Class of Certificates (other than any Class of
Principal Only Certificates and any Class of Specified
Certificates), interest accrued during the related Interest
Accrual Period at the applicable Certificate Interest Rate
on the Class Certificate Principal Balance (or, in the case
of any Class of Notional Certificates other than the Class
S Certificates, on the aggregate Notional Principal
Balance) thereof immediately prior (or, in the case of the
Class S Certificates, on the aggregate Notional Principal
Balance thereof with respect) to such Distribution Date,
calculated on the basis of a 360-day year consisting of
twelve 30-day months. As to any Distribution Date and any
Specified Component (other than any Principal Only
Component), interest accrued during the related Interest
Accrual Period at the applicable Component Interest Rate on
the Component Principal Balance (or Notional Component
Principal Balance) thereof immediately prior to such
Distribution Date, calculated on the basis of a 360-day
year consisting of twelve 30-day months. As to any
Distribution Date and any Class of Specified Certificates,
the aggregate of the amount described in the preceding
sentence for the Specified Components thereof for such
Distribution Date.
Accrued Certificate Interest on each Class of
Certificates (other than any Class of Principal Only
Certificates and any Class of Specified Certificates) and
any Specified Component (other than any Principal Only
Component) shall be reduced by such Class's or Component's
share of the amount of any Net Interest Shortfall and
Interest Losses, in each case, in respect of the related
Mortgage Pool for such Distribution Date. Any Net Interest
Shortfall and Interest Losses shall be allocated among the
Classes of Certificates (other than any Class of Principal
Only Certificates) and among any Specified Components
(other than any Principal Only Component) of any Component
Certificate in proportion to the respective amounts of
Accrued Certificate Interest that would have resulted
absent such shortfall or losses.
Agreement: This Pooling and Servicing Agreement and
all amendments hereof and supplements hereto.
Allocable Share: (a) As to any Distribution Date and
amounts distributable pursuant to clauses (i) and (iii) of
the definition of Pool 1 Junior Optimal Principal Amount
and Pool 2 Junior Optimal Principal Amount, and as to each
related Class of Junior Certificates, the fraction,
expressed as a percentage, the numerator of which is the
Class Certificate Principal Balance of such Class and the
denominator of which is the aggregate Class Certificate
2
Principal Balance of the Junior Certificates in the related
Certificate Group.
(b) As to any Distribution Date and amounts
distributable pursuant to clauses (ii), (iv) and (v) of the
definition of Pool 1 Junior Optimal Principal Amount and
Pool 2 Junior Optimal Principal Amount, and as to the Class
M Certificates in the related Certificate Group and each
Class of Class B Certificates in such Certificate Group for
which the related Prepayment Distribution Trigger has been
satisfied on such Distribution Date, the fraction,
expressed as a percentage, the numerator of which is the
Class Certificate Principal Balance of such Class and the
denominator of which is the aggregate Class Certificate
Principal Balance of all such Classes in the related
Certificate Group. As to any Distribution Date and each
Class of Class B Certificates for which the related
Prepayment Distribution Trigger has not been satisfied on
such Distribution Date, 0%.
Amortization Payment: As to any REO Mortgage Loan and
any month, the payment of principal and accrued interest
due in such month in accordance with the terms of the
related Mortgage Note as contemplated by Section 3.08(b).
Amount Held for Future Distribution: As to each
Distribution Date and Mortgage Pool, the total of all
amounts credited to the Mortgage Loan Payment Record for
such Mortgage Pool as of the preceding Determination Date
on account of (i) Principal Prepayments, Insurance Proceeds
and Liquidation Proceeds received in respect of such
Mortgage Pool subsequent to the preceding Prepayment Period
applicable to such receipts, and (ii) monthly payments of
principal and interest due subsequent to the preceding Due
Date.
Anniversary Determination Date: The Determination Date
occurring in March of each year that the Certificates are
outstanding, commencing in March 1998.
Assumed Monthly Payment Reduction: As of any
Anniversary Determination Date and Mortgage Pool, and as to
any Non-Primary Residence Loan remaining in such Mortgage
Pool whose original principal balance was 80% or greater of
the Original Value thereof, the excess of (i) the Monthly
Payment thereof calculated on the assumption that the
Mortgage Rate thereon was equal to the weighted average (by
principal balance) of the Net Mortgage Rates of all
Outstanding Mortgage Loans in such Mortgage Pool (the
"Weighted Average Rate") as of such Anniversary
Determination Date over (ii) the Monthly Payment thereof
calculated on the assumption that the Net Mortgage Rate
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thereon was equal to the Weighted Average Rate less 1.25%
per annum.
Available Funds: As to each Distribution Date and
Mortgage Pool, an amount equal to the sum of (i) all
amounts credited to the Mortgage Loan Payment Record for
such Mortgage Pool pursuant to Section 3.02 as of the
preceding Determination Date, (ii) any Monthly Advance and
any Compensating Interest Payment in respect of such
Mortgage Pool for such Distribution Date, (iii) the
Purchase Price of any Defective Mortgage Loans, Defaulted
Mortgage Loans, and Modified Mortgage Loans in respect of
such Mortgage Pool deposited in the Certificate Account on
the Business Day preceding such Distribution Date
(including any amounts deposited in the Certificate Account
in connection with any substitution of a Mortgage Loan in
such Mortgage Pool as specified in Section 2.03(b)), and
(iv) the purchase price of any defaulted Mortgage Loan in
such Mortgage Pool purchased under an agreement entered
into pursuant to Section 3.08(e) as of the end of the
preceding Prepayment Period, less the sum of (x) the Amount
Held for Future Distribution in respect of such Mortgage
Pool and (y) amounts permitted to be debited from the
related Mortgage Loan Payment Record pursuant to clauses
(i) through (vii) of Section 3.04.
Bankruptcy Coverage Termination Date: As to each
Mortgage Pool, the Distribution Date upon which the
Bankruptcy Loss Amount for such Mortgage Pool has been
reduced to zero or a negative number (or the related
CrossOver Date, if earlier).
Bankruptcy Loss Amount: As to each Determination Date
prior to the first Anniversary Determination Date, an
amount equal to $192,052, in the case of Pool 1, and
$100,000, in the case of Pool 2, as reduced by the
aggregate amount of Deficient Valuations and Debt Service
Reductions in respect of such Mortgage Pool since the
Cut-off Date. As of any Determination Date after the first
Anniversary Determination Date, other than an Anniversary
Determination Date, the Bankruptcy Loss Amount for a
Mortgage Pool shall equal such Bankruptcy Loss Amount on
the immediately preceding Anniversary Determination Date as
reduced by the aggregate amount of Deficient Valuations and
Debt Service Reductions for such Mortgage Pool since such
preceding Anniversary Determination Date. As of any
Anniversary Determination Date, the Bankruptcy Loss
Amount for a Mortgage Pool shall equal the lesser of
(x) the related Bankruptcy Loss Amount as of the
preceding Determination Date as reduced by any Deficient
Valuations and Debt Service Reductions for such Mortgage
Pool for the preceding Distribution Date, and (y)
the greater of (i) the Fitch Formula Amount for such
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Mortgage Pool for such Anniversary Determination Date and
(ii) the S&P Formula Amount for such Mortgage Pool for such
Anniversary Determination Date.
The Bankruptcy Loss Amount for a Mortgage Pool may be
further reduced by the Company (including accelerating the
manner in which such coverage is reduced) provided that
prior to any such reduction, the Company shall obtain
written confirmation from each Rating Agency that such
reduction shall not adversely affect the then-current
rating assigned to the related Classes of Certificates by
such Rating Agency and shall provide a copy of such written
confirmation to the Trustee.
BIF: The Bank Insurance Fund of the FDIC, or its
successor in interest.
Book-Entry Certificate: Any Certificate registered in
the name of the Depository or its nominee, ownership of
which is reflected on the books of the Depository or on the
books of a person maintaining an account with such
Depository (directly or as an indirect participant in
accordance with the rules of such Depository). As of the
Closing Date, each Class of Certificates, other than the
Class 1-A7, Class 1-S, Class 1-B3, Class 1-B4, Class 1-B5,
Class R, Class RL, Class 2-S, Class 2-B3, Class 2-B4 and
Class 2-B5 Certificates, constitutes a Class of Book-Entry
Certificates.
Book-Entry Nominee: As defined in Section 5.02(b).
Business Day: Any day other than a Saturday or a
Sunday, or a day on which banking institutions in New York
City or Boston, Massachusetts are authorized or obligated
by law or executive order to be closed.
Buydown Funds: Funds contributed by the Mortgagor or
another source in order to reduce the interest payments
required from the Mortgagor for a specified period in
specified amounts.
Buydown Mortgage Loan: Any Mortgage Loan as to which
the Mortgagor pays less than the full monthly payment
specified in the Mortgage Note during the Buydown Period
and the difference between the amount paid by the Mortgagor
and the amount specified in the Mortgage Note is paid from
the related Buydown Funds.
Buydown Period: The period during which Buydown Funds
are required to be applied to the related Buydown Mortgage
Loan.
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Certificate: Any one of the certificates signed and
countersigned by the Trustee in substantially the forms
attached hereto as Exhibit A.
Certificate Account: The trust account or accounts
created and maintained with the Trustee pursuant to Section
3.02 and which must be an Eligible Account.
Certificate Group: The Pool 1 Certificates or the Pool
2 Certificates, as applicable.
Certificate Interest Rate: With respect to any Class
of Certificates (other than any Class of LIBOR
Certificates, any Class of Specified Certificates and any
Class of Class S Certificates) and as of any Distribution
Date, the fixed per annum rate specified in Section
5.01(b). With respect to each Class of LIBOR Certificates,
the per annum variable rate, at any time, at which interest
accrues on the Certificates of such Class, as determined
pursuant to Section 5.01(f). With respect to any Class of
Class S Certificates and any Distribution Date, the
applicable Strip Rate for such Distribution Date. Interest
shall accrue on any Class of Specified Certificates with
respect to any Distribution Date at a rate calculated on
the basis of the Class Certificate Principal Balance
thereof and the aggregate amount of Accrued Certificate
Interest (determined without regard to the second paragraph
of the definition of Accrued Certificate Interest) for the
immediately preceding Interest Accrual Period on the
Specified Components thereof.
Certificate Owner: With respect to any Book-Entry
Certificate, the person who is the beneficial owner thereof.
Certificate Principal Balance: As to any Certificate
other than a Notional Certificate, and as of any
Distribution Date, the Initial Certificate Principal
Balance of such Certificate (plus, in the case of any
Accrual Certificate or any Certificate consisting of
Accrual Components, its Percentage Interest of any related
Accrual Amount for each previous Distribution Date) less
the sum of (i) all amounts distributed with respect to such
Certificate in reduction of the Certificate Principal
Balance thereof on previous Distribution Dates pursuant to
Section 4.01, (ii) any Realized Losses allocated to such
Certificate on previous Distribution Dates pursuant to
Section 4.03(b) and (c), and (iii) in the case of a
Subordinate Certificate, such Certificate's Percentage
Interest of the Subordinate Certificate Writedown Amount
for the related Certificate Group allocated to such
Certificate on previous Distribution Dates. The Notional
Certificates are issued without Certificate Principal
Balances.
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Certificate Register and Certificate Registrar: The
register maintained and the registrar appointed pursuant to
Section 5.02.
Certificateholder or Holder: The person in whose name
a Certificate is registered in the Certificate Register,
except that, solely for the purposes of giving any consent
pursuant to this Agreement, a Certificate of any Class to
the extent that the Company or any affiliate is the
Certificate Owner or Holder thereof (except to the extent
the Company or any affiliate thereof shall be the
Certificate Owner or Holder of all Certificates of such
Class), shall be deemed not to be outstanding and the
Percentage Interest (or Voting Rights) evidenced thereby
shall not be taken into account in determining whether the
requisite amount of Percentage Interests (or Voting Rights)
necessary to effect any such consent has been obtained;
provided, however, that in determining whether the Trustee
shall be protected in relying on such consent only the
Certificates that the Trustee knows to be so held shall be
so disregarded.
Class: All Certificates bearing the same class
designation or any Lower Tier Interest.
Class B Certificate: Any Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-B5 Certificate.
Class B1 Certificate: Any Class 1-B1 or Class 2-B1
Certificate.
Class B2 Certificate: Any Class 1-B2 or Class 2-B2
Certificate.
Class B3 Certificate: Any Class 1-B3 or Class 2-B3
Certificate.
Class B4 Certificate: Any Class 1-B4 or Class 2-B4
Certificate.
Class B5 Certificate: Any Class 1-B5 or Class 2-B5
Certificate.
Class Certificate Principal Balance: As to any Class
of Certificates, other than any Class of Notional
Certificates, and any date of determination, the aggregate
of the Certificate Principal Balances of all Certificates
of such Class. The Class Certificate Principal Balance of
each such Class of Certificates as of the Closing Date is
specified in Section 5.01(b).
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Class Interest Shortfall: As to any Distribution Date
and any Class of Certificates (other than any Class of
Principal Only Certificates and any Class of Specified
Certificates) or any Specified Component, any amount by
which the amount distributed to Holders of such Class of
Certificates or in respect of such Specified Component (or
added to the Class Certificate Principal Balance of any
Class of Accrual Certificates or to the Component Principal
Balance of any Accrual Component) on such Distribution Date
is less than the Accrued Certificate Interest thereon for
such Distribution Date. As to any Class of Specified
Certificates and any Distribution Date, the sum of any
Class Interest Shortfalls on the Specified Components
thereof.
Class M Certificate: Any Class 1-M or Class 2-M
Certificate.
Class S Certificate: Any Class 1-S or Class 2-S
Certificate.
Class 1-PO Deferred Amount: As to any Distribution
Date on or prior to the Cross-Over Date for Pool 1, the
aggregate of the applicable PO Percentage of the principal
portion of each Realized Loss in respect of Pool 1, other
than any related Excess Loss, to be allocated to the Class
1-PO Certificates on such Distribution Date or previously
allocated to such Class of Certificates and not yet paid to
the Holders of such Class of Certificates pursuant to
Section 4.01(a)(iv).
Class 2-PO Deferred Amount: As to any Distribution
Date on or prior to the Cross-Over Date for Pool 2, the
aggregate of the applicable PO Percentage of the principal
portion of each Realized Loss in respect of Pool 2, other
than any related Excess Loss, to be allocated to the Class
2-PO Certificates on such Distribution Date or previously
allocated to such Class of Certificates and not yet paid to
the Holders of such Class of Certificates pursuant to
Section 4.01(b)(iv).
Closing Date: February 27, 1997.
Code: The Internal Revenue Code of 1986, as it may be
amended from time to time, any successor statutes thereto,
and applicable U.S. Department of the Treasury temporary or
final regulations promulgated thereunder.
COFI: The monthly weighted average cost of funds for
savings institutions the home offices of which are located
in Arizona, California, or Nevada that are member
institutions of the Eleventh Federal Home Loan Bank
District, as computed from statistics tabulated and
8
published by the Federal Home Loan Bank of San Francisco in
its monthly Information Bulletin.
COFI Certificates: None.
COFI Determination Date: As to each Interest Accrual
Period for any COFI Certificates, the last Business Day of
the calendar month preceding the commencement of such
Interest Accrual Period.
Company: GE Capital Mortgage Services, Inc., a
corporation organized and existing under the laws of the
State of New Jersey, or its successor in interest or, if
any successor servicer is appointed as herein provided,
then such successor servicer.
Compensating Interest Payment: With respect to any
Distribution Date and Mortgage Pool, an amount equal to the
aggregate of the Interest Shortfalls described in clauses
(a) and (b) of the definition thereof with respect to such
Distribution Date and Mortgage Pool; provided, however,
that such amount shall not exceed the lesser of (i) an
amount equal to the product of (x) the Pool Scheduled
Principal Balance with respect to such Distribution Date
and Mortgage Pool and (y) one-twelfth of 0.125%, and (ii)
the aggregate of the Servicing Fees that the Company would
be entitled to retain on such Distribution Date in respect
of the Mortgage Loans in such Mortgage Pool (less any
portion thereof paid as servicing compensation to any
Primary Servicer) without giving effect to any related
Compensating Interest Payment.
Component: Any of the components of a Class of
Component Certificates having the designations, initial
Component Principal Balances and Component Interest Rates as
follows:
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Initial Component Component
Designation Principal Balance Interest Rate
----------- ----------------- -------------
Class 1-A5A $ 914,000.00 7.500%
Class 1-A5B 24,267,058.00 7.500
Class 1-A7A 43,017,481.00 7.500
Class 1-A7B 53,000,000.00 7.500
Class 1-A7C (1) 7.500
Class 1-A7D (2) 7.500
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(1) The Class 1-A7C Component will have an initial Notional
Component Balance of $13,409,169.00.
(2) The Class 1-A7D Component will have an initial Notional
Component Balance of $3,951,669.00.
Component Certificate: Any Class 1-A5 or Class 1-A7
Certificate.
Component Principal Balance: As of any Distribution
Date, and with respect to any Component, other than any
Notional Component, the initial Component Principal Balance
thereof (as set forth, as applicable, in the definition of
Component) (plus, in the case of any Accrual Component, any
related Accrual Amount for each previous Distribution Date)
less the sum of (x) all amounts distributed in reduction
thereof on previous Distribution Dates pursuant to Section
4.01 and (y) the amount of all Realized Losses allocated
thereto pursuant to Section 4.03(d).
Confirmatory Mortgage Note: With respect to any
Mortgage Loan, a note or other evidence of indebtedness
executed by the Mortgagor confirming its obligation under
the note or other evidence of indebtedness previously
executed by the Mortgagor upon the origination of the
related Mortgage Loan.
Corporate Trust Office: The principal office of the
Trustee at which at any particular time its corporate trust
business shall be administered, which office at the date of
the execution of this instrument is located at 000 Xxxxxxxx
Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000, Attention: Corporate
Trust Department.
Corresponding Class: With respect to any Class of
Lower Tier Interests, the Class or Classes of Certificates,
and with respect to any Class of Certificates, the Class or
Classes of Lower Tier Interests, appearing opposite such
Class of Lower Tier Interests or Certificates in the table
included in Section 2.05(a).
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Cross-Over Date: As to each Certificate Group, the
first Distribution Date on which the aggregate Class
Certificate Principal Balance of the Junior Certificates in
such Certificate Group has been reduced to zero (giving
effect to all distributions on such Distribution Date).
Cut-off Date: February 1, 1997.
Debt Service Reduction: As to any Mortgage Loan and
any Determination Date, the excess of (a) the then current
Monthly Payment for such Mortgage Loan over (b) the amount
of the monthly payment of principal and interest required
to be paid by the Mortgagor as established by a court of
competent jurisdiction as a result of a proceeding
initiated by or against the related Mortgagor under the
Bankruptcy Code, as amended from time to time (11 U.S.C.).
Defaulted Mortgage Loan: With respect to any
Determination Date, a Mortgage Loan as to which the related
Mortgagor has failed to make unexcused payment in full of a
total of three or more consecutive installments of
principal and interest, and as to which such delinquent
installments have not been paid, as of the close of
business on the last Business Day of the month next
preceding the month of such Determination Date.
Defective Mortgage Loan: Any Mortgage Loan which is
required to be purchased by the Company (or which the
Company may replace with a substitute Mortgage Loan)
pursuant to Section 2.02 or 2.03(a).
Deficient Valuation: As to any Mortgage Loan and any
Determination Date, the excess of (a) the then outstanding
indebtedness under such Mortgage Loan over (b) the
valuation by a court of competent jurisdiction of the
related Mortgaged Property as a result of a proceeding
initiated by or against the related Mortgagor under the
Bankruptcy Code, as amended from time to time (11 U.S.C.),
pursuant to which such Mortgagor retained such Mortgaged
Property.
Definitive Certificate: Any Certificate, other than a
Book-Entry Certificate, issued in definitive, fully
registered form.
Definitive Restricted Junior Certificate: Any
Restricted Junior Certificate that is in the form of a
Definitive Certificate.
Depository: The initial Depository shall be The
Depository Trust Company, the nominee of which is CEDE &
Co. The Depository shall at all times be a "clearing
corporation" as defined in Section 8-102(3) of the Uniform
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Commercial Code of the State of New York, as amended, or
any successor provisions thereto.
Depository Participant: A broker, dealer, bank or
other financial institution or other Person for which, from
time to time, the Depository effects book-entry transfers
and pledges of securities deposited with such Depository.
Designated Loan Closing Documents: With respect to any
Designated Loan, a Lost Note Affidavit substantially in the
form of Exhibit L, and an assignment of the related
Mortgage to the Trustee in recordable form (except for the
omission therein of recording information concerning such
Mortgage).
Designated Loans: None.
Determination Date: With respect to any Distribution
Date, the fifth Business Day prior thereto.
Discount Pool 1 Mortgage Loan: Any Pool 1 Mortgage
Loan with a Net Mortgage Rate less than 7.50% per annum.
Discount Pool 2 Mortgage Loan: Any Pool 2 Mortgage
Loan with a Net Mortgage Rate less than 7.00% per annum.
Disqualified Organization: Any of the following: (i)
the United States, any State or political subdivision
thereof, or any agency or instrumentality of any of the
foregoing (including but not limited to state pension
organizations); (ii) a foreign government, International
Organization or any agency or instrumentality of either of
the foregoing; (iii) an organization (except certain
farmers' cooperatives described in Code section 521) which
is exempt from tax imposed by Chapter 1 of the Code
(including the tax imposed by section 511 of the Code on
unrelated business taxable income); and (iv) a rural
electric and telephone cooperative described in Code
section 1381(a)(2)(C). The terms "United States," "State"
and "International Organization" shall have the meanings
set forth in Code section 7701 or successor provisions. A
corporation will not be treated as an instrumentality of
the United States or of any State or political subdivision
thereof for these purposes if all of its activities are
subject to tax and a majority of its board of directors is
not selected by such governmental unit.
Distribution Date: The 25th day of each calendar month
after the month of initial issuance of the Certificates,
or, if such 25th day is not a Business Day, the next
succeeding Business Day.
12
Distribution Date Statement: The statement referred to
in Section 4.05(a).
Document File: As defined in Section 2.01.
Due Date: The first day of the month of the related
Distribution Date.
Eligible Account: An account that is either (i)
maintained with a depository institution the debt
obligations of which have been rated by each Rating Agency
in one of its two highest long-term rating categories and
has been assigned by S&P its highest short-term rating,
(ii) an account or accounts the deposits in which are fully
insured by either the BIF or the SAIF, (iii) an account or
accounts, in a depository institution in which such
accounts are insured by the BIF or the SAIF (to the limits
established by the FDIC), the uninsured deposits in which
accounts are either invested in Permitted Investments or
are otherwise secured to the extent required by the Rating
Agencies such that, as evidenced by an Opinion of Counsel
delivered to the Trustee, the Certificateholders have a
claim with respect to the funds in such account or a
perfected first security interest against any collateral
(which shall be limited to Permitted Investments) securing
such funds that is superior to claims of any other
depositors or creditors of the depository institution with
which such account is maintained, (iv) a trust account
maintained with the corporate trust department of a federal
or state chartered depository institution or of a trust
company with trust powers and acting in its fiduciary
capacity for the benefit of the Trustee hereunder or (v)
such account as will not cause either Rating Agency to
downgrade or withdraw its then-current rating assigned to
the Certificates, as evidenced in writing by the Rating
Agencies.
ERISA: The Employee Retirement Income Security Act of
1974, as amended.
ERISA-Restricted Certificate: Any Class 1-A17, Class
M, Class B or Class S Certificate.
Event of Default: An event described in Section 7.01.
Excess Bankruptcy Loss: As to each Mortgage Pool, any
Deficient Valuation or Debt Service Reduction, or portion
thereof, in respect of a Mortgage Loan in such Mortgage
Pool, (i) occurring after the related Bankruptcy Coverage
Termination Date or (ii) if on such date, in excess of the
then-applicable Bankruptcy Loss Amount for such Mortgage
Pool.
13
Excess Fraud Loss: As to each Mortgage Pool, any Fraud
Loss, or portion thereof, in respect of a Mortgage Loan in
such Mortgage Pool, (i) occurring after the related Fraud
Coverage Termination Date or (ii) if on such date, in
excess of the then-applicable Fraud Loss Amount for such
Mortgage Pool.
Excess Loss: As to each Mortgage Pool, any related
Excess Bankruptcy Loss, Excess Fraud Loss or Excess Special
Hazard Loss.
Excess Special Hazard Loss: As to each Mortgage Pool,
any Special Hazard Loss, or portion thereof, in respect of
a Mortgage Loan in such Mortgage Pool, (i) occurring after
the related Special Hazard Termination Date or (ii) if on
such date, in excess of the then-applicable Special Hazard
Loss Amount for such Mortgage Pool.
FDIC: The Federal Deposit Insurance Corporation, or
its successor in interest.
FHLMC: The Federal Home Loan Mortgage Corporation or
its successor in interest.
Financial Intermediary: A broker, dealer, bank or
other financial institution or other Person that clears
through or maintains a custodial relationship with a
Depository Participant.
Fitch: Fitch Investors Service, L.P. and its
successors.
Fitch Formula Amount: As to each Anniversary
Determination Date and each Mortgage Pool, the greater of
(i) $50,000 and (ii) the product of (x) the greatest
Assumed Monthly Payment Reduction for any Non-Primary
Residence Loan in such Mortgage Pool whose original
principal balance was 80% or greater of the Original Value
thereof, (y) the weighted average remaining term to
maturity (expressed in months) of all the Non-Primary
Residence Loans remaining in such Mortgage Pool as of such
Anniversary Determination Date, and (z) the sum of (A) one
plus (B) the number of all remaining Non-Primary Residence
Loans in such Mortgage Pool divided by the total number of
Outstanding Mortgage Loans in such Mortgage Pool as of such
Anniversary Determination Date.
FNMA: The Federal National Mortgage Association or its
successor in interest.
Fraud Coverage Termination Date: As to each Mortgage
Pool, the Distribution Date upon which the related Fraud
14
Loss Amount has been reduced to zero or a negative number
(or the related Cross-Over Date, if earlier).
Fraud Loss: Any Realized Loss attributable to fraud in
the origination of the related Mortgage Loan.
Fraud Loss Amount: As of any Distribution Date after
the Cut-off Date and as to each Mortgage Pool, (x) prior to
the first anniversary of the Cut-off Date, an amount equal
to $9,007,070 in the case of Pool 1, and $901,543, in the
case of Pool 2, minus in each case the aggregate amount of
Fraud Losses in respect of such Mortgage Pool that would
have been allocated to the related Junior Certificates in
accordance with Section 4.03 in the absence of the
applicable Loss Allocation Limitation since the Cut-off
Date, and (y) from the first through the fifth anniversary
of the Cut-off Date, an amount equal to (1) the lesser of
(a) such Fraud Loss Amount as of the most recent anniversary
of the Cut-off Date and (b) 1.00% (from the first
anniversary to but excluding the fifth anniversary of the
Cut-off Date, in the case of Pool 1, and to but excluding
the third anniversary of the Cut-off Date, in the case of
Pool 2) or 0.50% (from the third through the fifth
anniversaries of the Cut-off Date) in the case of Pool 2,
of the aggregate outstanding principal balance of all of
the Mortgage Loans in such Mortgage Pool as of the most
recent anniversary of the Cut-off Date minus (2) the Fraud
Losses in respect of such Mortgage Pool that would have
been allocated to the related Junior Certificates in
accordance with Section 4.03 in the absence of the
applicable Loss Allocation Limitation since the most recent
anniversary of the Cut-off Date. After the fifth
anniversary of the Cutoff Date the Fraud Loss Amount for
each Mortgage Pool shall be zero.
Group I Senior Certificate: As to the Pool 1
Certificates, any Class 1-A1, Class 1-A2, Class 1-A3, Class
1-A4, Class 1-A5, Class 1-A6, Class 1-A7, Class 1-A8, Class
1-A9, Class 1-A10, Class 1-A11, Class 1- A12, Class 1-A13,
Class 1-A14, Class 1-A15, Class R or Class RL Certificate
(collectively, the "Pool 1 Group I Senior Certificates").
As to the Pool 2 Certificates, any Class 2-A1, Class 2-A2,
Class 2-A3, Class 2-A5 or Class 2-A6 Certificate
(collectively, the "Pool 2 Group I Senior Certificates").
Group I Senior Certificate Principal Balance: As to
any Distribution Date and each Certificate Group, an amount
equal to the sum of the Class Certificate Principal
Balances of the related Group I Senior Certificates.
15
Group I Senior Percentage: As to any Distribution Date
and each Certificate Group, the lesser of (i) 100% and (ii)
the percentage (carried to six places rounded up) obtained
by dividing the related Group I Senior Certificate
Principal Balance immediately prior to such Distribution
Date by an amount equal to the sum of the Class Certificate
Principal Balances of all the Certificates in such
Certificate Group (other than (x) the Class 1-PO
Certificates, in the case of the Pool 1 Certificates and
(y) the Class 2-PO Certificates, in the case of the Pool 2
Certificates) immediately prior to such Distribution Date.
Group II Senior Certificate: As to the Pool 1
Certificates, any Class 1-A16 or Class 1-A17 Certificate
(collectively, the "Pool 1 Group II Senior Certificates").
As to the Pool 2 Certificates, any Class 2-A7 Certificate
(the "Pool 2 Group II Senior Certificates").
Group II Senior Certificate Principal Balance: As to
any Distribution Date and each Certificate Group, an amount
equal to the Class Certificate Principal Balance of the
related Group II Senior Certificates.
Group II Senior Percentage: As to any
Distribution Date and each Certificate Group, the related
Senior Percentage minus the related Group I Senior
Percentage.
Initial Certificate Principal Balance: With respect to
any Certificate, other than a Notional Certificate, the
Certificate Principal Balance of such Certificate or any
predecessor Certificate on the Closing Date.
Initial LIBOR Rate: 5.46875% per annum.
Insurance Proceeds: Proceeds paid pursuant to the
Primary Insurance Policies, if any, and amounts paid by any
insurer pursuant to any other insurance policy covering a
Mortgage Loan.
Insured Expenses: Expenses covered by the Primary
Insurance Policies, if any, or any other insurance policy or
policies applicable to the Mortgage Loans.
Interest Accrual Period: With respect to any
Distribution Date and any Class of Certificates (other than
the LIBOR Certificates and any Class of Principal Only
Certificates) and any Specified Component, the one-month
period ending on the last day of the month preceding the
month in which such Distribution Date occurs. With respect
to any Distribution Date and the LIBOR Certificates, the
16
one-month period commencing on the 25th day of the
preceding month and ending on the 24th day of the month in
which such Distribution Date occurs.
Interest Losses: With respect to each Mortgage Pool,
the interest portion of (i) on or prior to the Cross-Over
Date for such Mortgage Pool, any related Excess Losses and
(ii) after the Cross-Over Date for such Mortgage Pool, any
related Realized Losses and Debt Service Reductions.
Interest Shortfall: With respect to any Distribution
Date and each Mortgage Loan that during the related
Prepayment Period was the subject of a Voluntary Principal
Prepayment, or constitutes a Relief Act Mortgage Loan, an
amount determined as follows:
(a) partial principal prepayments: one month's
interest at the applicable Net Mortgage Rate on the
amount of such prepayment;
(b) principal prepayments in full (including the
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)) received on or after the
sixteenth day of the month preceding the month of such
Distribution Date (or, in the case of the first
Distribution Date, on or after the Cut-off Date) but
on or before the last day of the month preceding the
month of such Distribution Date: the difference
between (i) one month's interest at the applicable Net
Mortgage Rate on the Scheduled Principal Balance of
such Mortgage Loan immediately prior to such
prepayment and (ii) the amount of interest for the
calendar month of such prepayment (adjusted to the
applicable Net Mortgage Rate) received at the time of
such prepayment;
(c) principal prepayments in full (including the
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)) received by the Company
(or of which the Company receives notice, in the case
of a Mortgage Loan serviced by a Primary Servicer) on
or after the first day but on or before the fifteenth
day of the month of such Distribution Date: none; and
(d) Relief Act Mortgage Loans: As to any Relief
Act Mortgage Loan, the excess of (i) 30 days' interest
(or, in the case of a Principal Prepayment in full,
interest to the date of prepayment) on the Scheduled
Principal Balance thereof (or, in the case of a
Principal Prepayment in part, on the amount so prepaid)
at the related Net Mortgage Rate over (ii) 30 days'
interest (or, in the case of a Principal Prepayment
in full, interest to the date of prepayment) on such
17
Scheduled Principal Balance (or, in the case of a
Principal Prepayment in part, on the amount so prepaid)
at the Net Mortgage Rate required to be paid by the
Mortgagor as limited by application of the Relief Act.
Junior Certificate: As to each Certificate Group, any
related Class M or Class B Certificate.
Junior Percentage: As to any Distribution Date and
each Certificate Group, the excess of 100% over the related
Senior Percentage for such Distribution Date.
Junior Prepayment Percentage: As to any Distribution
Date and each Certificate Group, the excess of 100% over
the related Senior Prepayment Percentage for such
Distribution Date, except that (i) after the aggregate
Certificate Principal Balance of the related Senior
Certificates (other than the related Principal Only
Certificates) has been reduced to zero, the Junior
Prepayment Percentage for such Certificate Group shall
be 100%, and (ii) after the related Cross-Over Date,
the Junior Prepayment Percentage for such Certificate
Group shall be zero. As to the Pool 1 Certificates, on
the Distribution Date on which the Group I Senior
Certificate Principal Balance for such Certificate
Group has been reduced to zero, provided that the Pool 1
Pro Rata Allocation Conditions are satisfied, the related
Junior Prepayment Percentage shall be increased to the
extent necessary to include an additional amount equal to
the product of (x) the fraction, the numerator of which is
the aggregate Certificate Principal Balance of the Pool 1
Junior Certificates for such date (multiplied, if such
Distribution Date occurs prior to March 25, 2000, by 50%),
and the denominator of which is the aggregate Certificate
Principal Balance of the Pool 1 Group II Senior
Certificates and the Pool 1 Junior Certificates for such
date and (y) the Pool 1 Group I Excess Prepayment Amount
for such date.
Latest Possible Maturity Date: February 25, 2029.
LIBOR: The per annum rate determined, pursuant to
Section 5.08, on the basis of London interbank offered rate
quotations for one-month Eurodollar deposits, as such
quotations may appear on the display designated as page
"LIBO" on the Reuters Monitor Money Rates Service (or such
other page as may replace the LIBO page on the Reuters
Monitor Money Rates Service for the purpose of displaying
London interbank offered quotations of major banks).
LIBOR Certificate: Any Class 1-A8 or Class 1-A9
Certificate.
18
LIBOR Determination Date: The second London Business
Day immediately preceding the commencement of each Interest
Accrual Period for any LIBOR Certificates.
Liquidated Mortgage Loan: Any defaulted Mortgage Loan
as to which the Company has determined that all amounts
which it expects to recover on behalf of the Trust Fund
from or on account of such Mortgage Loan have been
recovered, including any Mortgage Loan with respect to
which the Company determines not to foreclose upon the
related Mortgaged Property based on its belief that such
Mortgaged Property may be contaminated with or affected by
hazardous or toxic wastes, materials or substances.
Liquidation Expenses: Expenses which are incurred by
the Company in connection with the liquidation of any
defaulted Mortgage Loan and not recovered by the Company
under any Primary Insurance Policy for reasons other than
the Company's failure to comply with Section 3.05, such
expenses including, without limitation, legal fees and
expenses, and, regardless of when incurred, any unreimbursed
amount expended by the Company pursuant to Section 3.03 or
Section 3.06 respecting the related Mortgage Loan and any
related and unreimbursed Property Protection Expenses.
Liquidation Proceeds: Cash (other than Insurance
Proceeds) received in connection with the liquidation of
any defaulted Mortgage Loan whether through judicial
foreclosure or otherwise.
London Business Day: Any day on which banks are open
for dealing in foreign currency and exchange in London,
England and New York City.
Loss Allocation Limitation: As defined in Section
4.03(g).
Lower Tier Balance: As to each Class of Lower Tier
Interests and any Distribution Date, the initial Lower Tier
Balance thereof set forth or specified in Section 2.05(a)
(plus, in the case of any Class of Lower Tier Interests as
to which the Corresponding Class is a Class of Accrual
Certificates or an Accrual Component, an amount equal to
the Accrual Amount for such Corresponding Class for each
previous Distribution Date) less the sum of (i) the
aggregate amount of principal allocable thereto on previous
Distribution Dates pursuant to Section 2.05(c) and (ii) any
Realized Losses or Subordinate Certificate Writedown Amount
allocated thereto on previous Distribution Dates.
19
Lower Tier Interest: Any one of the Classes of regular
interests in the Lower Tier REMIC described as such in
Section 2.05(a).
Lower Tier Interest Rate: As to each Lower Tier
Interest, the applicable "Lower Tier Interest Rate," if any,
set forth in Section 2.05(a) hereof.
Lower Tier REMIC: One of the two separate REMICs
comprising the Trust Fund, the assets of which consist of
the assets and rights specified in clauses (i) through (ix)
of the definition of the term Trust Fund.
Modified Mortgage Loan: Any Mortgage Loan which the
Company has modified pursuant to Section 3.01(c).
Monthly Advance: With respect to any Distribution Date
and each Mortgage Pool, the aggregate of the advances
required to be made by the Company pursuant to Section
4.04(a) (or by the Trustee pursuant to Section 4.04(b)) on
such Distribution Date in respect of such Mortgage Pool,
the amount of any such Monthly Advance being equal to (a)
the aggregate of payments of principal and interest (adjusted
to the related Net Mortgage Rate) on the Mortgage Loans in
such Mortgage Pool that were due on the related Due Date,
without regard to any arrangements entered into by the
Company with the related Mortgagors pursuant to Section
3.02(a)(ii), and delinquent as of the close of business on
the Business Day next preceding the related Determination
Date, less (b) the amount of any such payments which the
Company or the Trustee, as applicable, in its reasonable
judgment believes will not be ultimately recoverable by it
either out of late payments by the Mortgagor, Net
Liquidation Proceeds, Insurance Proceeds, REO Proceeds or
otherwise. With respect to any Mortgage Loan, the portion
of any such advance or advances made with respect thereto.
Monthly Payment: The scheduled monthly payment on a
Mortgage Loan for any month allocable to principal or
interest on such Mortgage Loan.
Mortgage: The mortgage or deed of trust creating a
first lien on a fee simple interest in real property
securing a Mortgage Note.
Mortgage File: The mortgage documents listed in
Section 2.01 pertaining to a particular Mortgage Loan and
any additional documents required to be added to such
documents pursuant to this Agreement.
20
Mortgage Loan Payment Record: With respect to each
Mortgage Pool, the record maintained by the Company pursuant
to Section 3.02(b).
Mortgage Loan Schedule: As of any date of
determination, the schedule of Mortgage Loans, identified
by Mortgage Pool, included in the Trust Fund. The initial
schedule of Mortgage Loans as of the Cut-off Date is
attached hereto as Exhibit C.
Mortgage Loans: As of any date of determination, each
of the mortgage loans identified on the Mortgage Loan
Schedule (as amended pursuant to Section 2.03(b)) delivered
and assigned to the Trustee pursuant to Section 2.01 or
2.03(b), and not theretofore released from the Trust Fund
by the Trustee.
Mortgage Note: With respect to any Mortgage Loan, the
note or other evidence of indebtedness (which may consist
of a Confirmatory Mortgage Note) evidencing the
indebtedness of a Mortgagor under such Mortgage Loan.
Mortgage Pool: Either of Pool 1 or Pool 2, as
applicable. For purposes hereof, the Pool 1 and Pool 2
Certificates shall relate to Pool 1 and Pool 2,
respectively.
Mortgage Rate: The per annum rate of interest borne by
a Mortgage Loan as set forth in the related Mortgage Note.
Mortgaged Property: The property securing the Mortgage
Note.
Mortgagor: With respect to any Mortgage Loan, each
obligor on the related Mortgage Note.
Net Interest Shortfall: With respect to any
Distribution Date and each Mortgage Pool, the excess, if
any, of the aggregate Interest Shortfalls in respect of
Mortgage Loans in such Mortgage Pool for such Distribution
Date over any related Compensating Interest Payment for
such date.
Net Liquidation Proceeds: As to any Liquidated
Mortgage Loan, the sum of (i) any Liquidation Proceeds
therefor less the related Liquidation Expenses, and (ii)
any Insurance Proceeds therefor, other than any such
Insurance Proceeds applied to the restoration of the
related Mortgaged Property.
21
Net Mortgage Rate: With respect to any Mortgage Loan,
the related Mortgage Rate less the applicable Servicing Fee
Rate.
Non-Book-Entry Certificate: Any Certificate other than
a Book-Entry Certificate.
Non-Credit Loss: Any Fraud Loss, Special Hazard Loss
or Deficient Valuation.
Non-Discount Pool 1 Mortgage Loan: Any Pool 1 Mortgage
Loan with a Net Mortgage Rate greater than or equal to
7.50% per annum.
Non-Discount Pool 2 Mortgage Loan: Any Pool 2 Mortgage
Loan with a Net Mortgage Rate greater than or equal to
7.00% per annum.
Non-permitted Foreign Holder: As defined in Section
5.02(b).
Non-PO Percentage: As to any Discount Pool 1 Mortgage
Loan, a fraction (expressed as a percentage), the numerator
of which is the Net Mortgage Rate of such Discount Pool 1
Mortgage Loan and the denominator of which is 7.50%. As to
any Discount Pool 2 Mortgage Loan, a fraction (expressed as
a percentage), the numerator of which is the Net Mortgage
Rate of such Discount Pool 2 Mortgage Loan and the
denominator of which is 7.00%. As to any Non-Discount Pool
1 Mortgage Loan, and any Non-Discount Pool 2 Mortgage Loan,
100%.
Non-Primary Residence Loan: Any Mortgage Loan secured
by a Mortgaged Property that is (on the basis of
representations made by the Mortgagors at origination) a
second home or investor-owned property.
Nonrecoverable Advance: All or any portion of any
Monthly Advance or Monthly Advances previously made by the
Company (or the Trustee) which, in the reasonable judgment
of the Company (or, as applicable, the Trustee) will not be
ultimately recoverable from related Liquidation Proceeds,
Insurance Proceeds or otherwise. The determination by the
Company that it has made a Nonrecoverable Advance or that
any advance, if made, would constitute a Nonrecoverable
Advance, shall be evidenced by an Officer's Certificate of
the Company delivered to the Trustee and detailing the
reasons for such determination.
Non-U.S. Person: As defined in Section 4.02(c).
22
Notional Certificate: Any Class 2-A4, Class 1-S or
Class 2-S Certificate.
Notional Component: Any Class 1-A7C or Class 1-A7D
Component.
Notional Component Balance: As to any Distribution
Date and the Class 1-A7C Component, the sum of (i) the
product of (x) 2/15 and (y) the Class Certificate Principal
Balance of the Class 1-A1 Certificates for such date, and
(ii) the product of (x) 1/10 and (y) the Class Certificate
Principal Balance of the Class 1-A2 Certificates for such
date. As to any Distribution Date and the Class 1-A7D
Component, the product of (x) 1/15 and (y) the Class
Certificate Principal Balance of the Class 1-A4
Certificates for such date.
Notional Principal Balance: As to any Distribution
Date and the Class 2-A4 Certificates, the product of (x)
1/14 and (y) the sum of the Class Certificate Principal
Balances of the Class 2-A2 and Class 2-A3 Certificates for
such Distribution Date . As to any Distribution Date and
any Class of Class S Certificates, the aggregate Scheduled
Principal Balance of the Outstanding Non-Discount Mortgage
Loans in the related Mortgage Pool as of the Due Date in
the month preceding such Distribution Date. As to any
Distribution Date and any Class 2-A4 or Class S Certificate,
such Certificate's Percentage Interest of the aggregate
Notional Principal Balance of the Class 2-A4 Certificates
or the related Class S Certificates, as applicable, for
such Distribution Date.
Officer's Certificate: A certificate signed by the
President, a Senior Vice President or a Vice President of
the Company and delivered to the Trustee.
Opinion of Counsel: A written opinion of counsel, who
may be counsel for the Company; provided, however, that any
Opinion of Counsel with respect to the interpretation or
application of the REMIC Provisions or the status of an
account as an Eligible Account shall be the opinion of
independent counsel satisfactory to the Trustee.
Original Subordinate Principal Balance: As set forth
in the definition of Senior Prepayment Percentage.
Original Value: The value of the property underlying a
Mortgage Loan based, in the case of the purchase of the
underlying Mortgaged Property, on the lower of an appraisal
satisfactory to the Company or the sales price of such
property or, in the case of a refinancing, on an appraisal
satisfactory to the Company.
23
Outstanding Mortgage Loan: With respect to any Due
Date, a Mortgage Loan which, prior to such Due Date, was
not the subject of a Principal Prepayment in full, did not
become a Liquidated Mortgage Loan and was not purchased
pursuant to Section 2.02, 2.03(a), 3.01(c) or 3.16 or
replaced pursuant to Section 2.03(b).
Outstanding Non-Discount Mortgage Loan: Any
Outstanding Mortgage Loan that is a Non-Discount Pool 1
Mortgage Loan or a Non-Discount Pool 2 Mortgage Loan.
PAC Balance: As to any Distribution Date and any Class
of PAC Certificates and any PAC Component, the balance
designated as such for such Distribution Date and such
Class or Component as set forth in the Principal Balance
Schedules.
PAC Certificate: Any Class 1-A1, Class 1-A2, Class 1-
A3, Class 1-A4, Class 2-A1, Class 2-A2 or Class 2-A3
Certificate.
PAC Component: Any Class 1-A5A Component.
Pay-out Rate: With respect to any Class of
Certificates (other than any Class of Principal Only
Certificates) and any Distribution Date, the rate at which
interest is distributed on such Class on such Distribution
Date and which is equal to a fraction (expressed as an
annualized percentage) the numerator of which is the
Accrued Certificate Interest for such Class and
Distribution Date, and the denominator of which is the
Class Certificate Principal Balance (or, in the case of the
Notional Certificates, the Notional Principal Balance) of
such Class immediately prior to such Distribution Date.
Percentage Interest: With respect to any Certificate,
the percentage interest in the undivided beneficial
ownership interest in the Trust Fund evidenced by
Certificates of the same Class as such Certificate. With
respect to any Certificate, the Percentage Interest
evidenced thereby shall equal the Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the initial Notional Principal Balance)
thereof divided by the aggregate Initial Certificate
Principal Balance (or, in the case of a Notional
Certificate, the aggregate initial Notional Principal
Balance) of all Certificates of the same Class.
Permitted Investments: One or more of the following;
provided, however, that no such Permitted Investment may
mature later than the Business Day preceding the
Distribution Date after such investment except as otherwise
24
provided in Section 3.02(e) hereof, provided, further, that
such investments qualify as "cash flow investments" as
defined in section 860G(a)(6) of the Code:
(i) obligations of, or guaranteed as to timely
receipt of principal and interest by, the United
States or any agency or instrumentality thereof when
such obligations are backed by the full faith and
credit of the United States;
(ii) repurchase agreements on obligations
specified in clause (i) provided that the unsecured
obligations of the party agreeing to repurchase such
obligations are at the time rated by each Rating
Agency in the highest long-term rating category;
(iii) federal funds, certificates of deposit, time
deposits and banker's acceptances, of any U.S.
depository institution or trust company incorporated
under the laws of the United States or any state
provided that the debt obligations of such depository
institution or trust company at the date of
acquisition thereof have been rated by each Rating
Agency in the highest long-term rating category;
(iv) commercial paper of any corporation
incorporated under the laws of the United States or
any state thereof which on the date of acquisition has
the highest short term rating of each Rating Agency;
and
(v) other obligations or securities that are
acceptable to each Rating Agency as a Permitted
Investment hereunder and will not, as evidenced in
writing, result in a reduction or withdrawal in the
then current rating of the Certificates.
Notwithstanding the foregoing, Permitted Investments shall
not include "stripped securities" and investments which
contractually may return less than the purchase price
therefor.
Person: Any legal person, including any individual,
corporation, partnership, joint venture, association,
joint-stock company, trust, unincorporated organization or
government or any agency or political subdivision thereof.
Plan: Any Person which is an employee benefit plan
subject to ERISA or a plan subject to section 4975 of the
Code.
PO Percentage: As to any Discount Pool 1 Mortgage
Loan, a fraction (expressed as a percentage), the numerator
25
of which is the excess of 7.50% over the Net Mortgage Rate
of such Discount Pool 1 Mortgage Loan and the denominator
of which is 7.50%. As to any Discount Pool 2 Mortgage Loan,
a fraction (expressed as a percentage), the numerator of
which is the excess of 7.00% over the Net Mortgage Rate of
such Discount Pool 2 Mortgage Loan and the denominator of
which is 7.00%. As to any Non-Discount Pool 1 Mortgage Loan
and any Non-Discount Pool 2 Mortgage Loan, 0%.
PO Principal Distribution Amount: As to any
Distribution Date and each Certificate Group, an amount
equal to the sum of the applicable PO Percentage of:
(i) the related principal portion of each Monthly
Payment due on the related Due Date on each
Outstanding Mortgage Loan in the related Mortgage
Pool as of such Due Date as specified in the
amortization schedule at the time applicable
thereto (after adjustments for previous Principal
Prepayments and Debt Service Reductions, each in
respect of such Mortgage Pool, subsequent to the
related Bankruptcy Coverage Termination Date but
before any adjustment to such amortization
schedule by reason of any bankruptcy (except as
aforesaid) or similar proceeding or any moratorium
or similar waiver or grace period);
(ii) all principal prepayments in part in respect of
the related Mortgage Pool received during the
related Prepayment Period, together with the
Scheduled Principal Balance (as reduced by any
Deficient Valuation in respect of such Mortgage
Pool occurring on or prior to the related
Bankruptcy Coverage Termination Date) of each
Mortgage Loan that was the subject of a Voluntary
Principal Prepayment in full during the related
Prepayment Period;
(iii) the sum of (A) all Net Liquidation Proceeds in
respect of the related Mortgage Pool allocable to
principal received in respect of each Mortgage
Loan in the related Mortgage Pool that became a
Liquidated Mortgage Loan during the related
Prepayment Period (other than Mortgage Loans
described in clause (B)) and (B) the principal
balance of each Mortgage Loan in the related
Mortgage Pool purchased by an insurer from the
Trustee pursuant to the related Primary Insurance
Policy, in each case during the related Prepayment
Period;
26
(iv) the Scheduled Principal Balance (as reduced by
any Deficient Valuation in respect of such
Mortgage Pool occurring on or prior to the
related Bankruptcy Coverage Termination Date) of
each Mortgage Loan in the related Mortgage Pool
that was purchased on such Distribution Date
pursuant to Section 2.02, 2.03(a) or 3.16; and
(v) the Substitution Amount for any Mortgage Loan in
the related Mortgage Pool substituted during the
month of such Distribution Date; for purposes of
this clause (v), the definition of "Substitution
Amount" shall be modified to reduce the Scheduled
Principal Balance of the Mortgage Loan that is
substituted for by any Deficient Valuation in
respect of such Mortgage Pool occurring on or
prior to the related Bankruptcy Coverage
Termination Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Pool 1: The aggregate of the Mortgage Loans identified
in the Mortgage Loan Schedule as Pool 1 Mortgage Loans.
Pool 1 Certificate: Any Pool 1 Senior Certificate,
Pool 1 Junior Certificate or Class 1-S Certificate.
Pool 1 Group I Excess Amount: As set forth in the
definition of Pool 1 Group I Senior Optimal Principal
Amount.
Pool 1 Group I Prepayment Excess Amount: As set forth
in the definition of Pool 1 Group I Senior Prepayment
Percentage.
Pool 1 Group I Final Distribution Date: As to the Pool
1 Certificates, the Distribution Date on which the Group I
Senior Certificate Principal Balance for such Certificate
Group is reduced to zero.
Pool 1 Group I Senior Certificate: As set forth
in the definition of Group I Senior Certificate.
Pool 1 Group I Senior Optimal Principal Amount: As to
any Distribution Date, an amount equal to the sum of:
(i) the Group I Senior Percentage for the Pool 1
Certificates of the applicable Non-PO Percentage
of the principal portion of each Monthly Payment
27
due on the related Due Date on each Outstanding
Mortgage Loan in Pool 1 as of such Due Date as
specified in the amortization schedule at the time
applicable thereto (after adjustments for previous
Principal Prepayments and Debt Service Reductions,
each in respect of Pool 1, subsequent to the
related Bankruptcy Coverage Termination Date but
before any adjustment to such amortization
schedule by reason of any bankruptcy (except as
aforesaid) or similar proceeding or any moratorium
or similar waiver or grace period);
(ii) the Pool 1 Group I Senior Prepayment Percentage of
the applicable Non-PO Percentage of all principal
prepayments in part in respect of each Pool 1
Mortgage Loan received during the related
Prepayment Period, together with the Pool 1 Group
I Senior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Pool 1 Mortgage Loan that was the
subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the lesser of (x) the Group I Senior Percentage
for the Pool 1 Certificates of the applicable Non-
PO Percentage of the sum of (A) the Scheduled
Principal Balance of each Pool 1 Mortgage Loan
that became a Liquidated Mortgage Loan (other than
Mortgage Loans described in clause (B)) during the
related Prepayment Period and (B) the Scheduled
Principal Balance of each Pool 1 Mortgage Loan
that was purchased by an insurer from the Trustee
during the related Prepayment Period pursuant to
the related Primary Insurance Policy, as reduced
in each case by such Group I Senior Percentage of
the applicable Non-PO Percentage of the principal
portion of any Excess Losses in respect of Pool 1
(other than Excess Bankruptcy Losses attributable
to Debt Service Reductions), and (y) the Pool 1
Group I Senior Prepayment Percentage of the
applicable Non-PO Percentage of the sum of (A) all
Net Liquidation Proceeds allocable to principal
received in respect of each Liquidated Mortgage
Loan in Pool 1 (other than Mortgage Loans
described in clause (B)) and (B) the principal
balance of each Pool 1 Mortgage Loan purchased by
an insurer from the Trustee pursuant to the
related Primary Insurance Policy, in each case
during the related Prepayment Period;
(iv) the Pool 1 Group I Senior Prepayment Percentage
of the applicable Non-PO Percentage of the Scheduled
28
Principal Balance of each Pool 1 Mortgage Loan that
was purchased on such Distribution Date pursuant to
Section 2.02, 2.03(a) or 3.16; and
(v) the Pool 1 Group I Senior Prepayment Percentage
of the applicable Non-PO Percentage of the
Substitution Amount for any Pool 1 Mortgage Loan
substituted during the month of such Distribution
Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Pool 1 Mortgage Loan
serviced by a Primary Servicer shall be deemed to have been
received when the Company, as servicer, receives notice
thereof. If on the Pool 1 Group I Final Distribution Date,
the aggregate of amounts allocable on such date pursuant to
clause (i) and, if applicable, clause (iii)(x), above,
exceeds the amount necessary to reduce the Pool 1 Group I
Senior Certificate Principal Balance to zero, then the Pool
1 Group I Senior Optimal Principal Amount shall be reduced
by an amount equal to such excess (the "Pool 1 Group I
Excess Amount") and the Pool 1 Group II Senior Optimal
Principal Amount shall be increased by the Pool 1 Group I
Excess Amount.
Pool 1 Group I Senior Prepayment Percentage: For any
Distribution Date occurring prior to the fifth anniversary
of the first Distribution Date, 100%.
For any Distribution Date occurring on or after the
fifth anniversary of the first Distribution Date, an amount
as follows:
(i) for any Distribution Date subsequent to February
2002 to and including the Distribution Date in
February 2003, the Group I Senior Percentage for
the Pool 1 Certificates on such Distribution Date
plus 70% of the sum of the Group II Senior
Percentage and the Junior Percentage, in each
case, for the Pool 1 Certificates on such
Distribution Date;
(ii) for any Distribution Date subsequent to February
2003 to and including the Distribution Date in
February 2004, the Group I Senior Percentage for
the Pool 1 Certificates on such Distribution Date
plus 60% of the sum of the Group II Senior
Percentage and the Junior Percentage, in each
case, for the Pool 1 Certificates on such
Distribution Date;
29
(iii) for any Distribution Date subsequent to February
2004 to and including the Distribution Date in
February 2005, the Group I Senior Percentage for
the Pool 1 Certificates on such Distribution Date
plus 40% of the sum of the Group II Senior
Percentage and the Junior Percentage, in each
case, for the Pool 1 Certificates on such
Distribution Date;
(iv) for any Distribution Date subsequent to February
2005 to and including the Distribution Date in
February 2006, the Group I Senior Percentage for
the Pool 1 Certificates on such Distribution Date
plus 20% of the sum of the Group II Senior
Percentage and the Junior Percentage, in each case
for the Pool 1 Certificates, on such Distribution
Date; and
(v) for any Distribution Date thereafter, the Group I
Senior Percentage for the Pool 1 Certificates on
such Distribution Date.
On any Distribution Date on which the amount available for
distribution in respect of the Pool 1 Group I Senior
Optimal Principal Amount would otherwise exceed the
remaining aggregate Class Certificate Principal Balance of
the Pool 1 Group I Senior Certificates, (1) the Pool 1
Group I Senior Prepayment Percentage shall be limited to
the percentage necessary (after giving effect to the
allocation on such date of amounts pursuant to clause (i)
and, if applicable, clause (iii) (x) of the definition of
"Pool 1 Group I Senior Optimal Principal Amount") to reduce
the Class Certificate Principal Balances of the Pool 1
Group I Senior Certificates to zero, and (2) if the Pool 1
Pro Rata Allocation Conditions are satisfied, any amount
that would have been allocable to the Pool 1 Group I Senior
Certificates without giving effect to the limitation in
clause (1) above (such amount, the "Pool 1 Group I Excess
Prepayment Amount") shall be allocated as provided in the
definitions of Pool 1 Group II Senior Prepayment Percentage
and Junior Prepayment Percentage for the Pool 1
Certificates.
Notwithstanding the foregoing, if on any Distribution Date
the Pool 1 Senior Prepayment Percentage has not been
reduced below the level in effect for the most recent prior
period as specified in the definition thereof, the Pool 1
Group I Senior Prepayment Percentage for such Distribution
Date will be increased by the amount by which the Junior
Prepayment Percentage for such Distribution Date would have
been increased had the Pool 1 Senior Prepayment Percentage
for such date been so reduced.
30
After the Group I Senior Certificate Principal Balance
in respect of the Pool 1 Certificates has been reduced to
zero, the Pool 1 Group I Senior Prepayment Percentage shall
be zero.
Pool 1 Group II Senior Certificate: As set forth
in the definition of Group II Senior Certificate.
Pool 1 Group II Senior Optimal Principal Amount:
As to any Distribution Date, an amount equal to the sum
of:
(i) the Group II Senior Percentage for the Pool 2
Certificates of the applicable Non-PO Percentage
of the principal portion of each Monthly Payment
due on the related Due Date on each Outstanding
Mortgage Loan in Pool 1 as of such Due Date as
specified in the amortization schedule at the time
applicable thereto (after adjustments for previous
Principal Prepayments and Debt Service Reductions,
each in respect of Pool 1, subsequent to the
related Bankruptcy Coverage Termination Date but
before any adjustment to such amortization
schedule by reason of any bankruptcy (except as
aforesaid) or similar proceeding or any
moratorium or similar waiver or grace period);
(ii) the Pool 1 Group II Senior Prepayment Percentage
of the applicable Non-PO Percentage of all
principal prepayments in part in respect of each
Pool 1 Mortgage Loan received during the related
Prepayment Period, together with the Pool 1 Group
II Senior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Pool 1 Mortgage Loan that was the
subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the amount by which (a) the lesser of (x) the
Senior Percentage for the Pool 1 Certificates of
the applicable Non-PO Percentage of the sum of (A)
the Scheduled Principal Balance of each Pool 1
Mortgage Loan that became a Liquidated Mortgage
Loan (other than Mortgage Loans described in
clause (B)) during the related Prepayment Period
and (B) the Scheduled Principal Balance of each
Pool 1 Mortgage Loan that was purchased by an
insurer from the Trustee during the related
Prepayment Period pursuant to the related Primary
Insurance Policy, as reduced in each case by the
Senior Percentage for the Pool 1 Certificates of
the applicable Non-PO Percentage of the principal
31
portion of any Excess Losses in respect of Pool 1
(other than Excess Bankruptcy Losses attributable
to Debt Service Reductions), and (y) the Senior
Prepayment Percentage for the Pool 1 Certificates
of the applicable Non-PO Percentage of the sum of
(A) all Net Liquidation Proceeds allocable to
principal received in respect of each Liquidated
Mortgage Loan in Pool 1 (other than Mortgage Loans
described in clause (B)) and (B) the principal
balance of each Pool 1 Mortgage Loan purchased by
an insurer from the Trustee pursuant to the
related Primary Insurance Policy, in each case
during the related Prepayment Period, exceeds (b)
the amount distributable pursuant to clause (iii)
of the definition of Pool 1 Group I Senior Optimal
Principal Amount;
(iv) the Pool 1 Group II Senior Prepayment Percentage
of the applicable Non-PO Percentage of the
Scheduled Principal Balance of each Pool 1
Mortgage Loan that was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the Pool 1 Group II Senior Prepayment Percentage
of the applicable Non-PO Percentage of the
Substitution Amount for any Pool 1 Mortgage Loan
substituted during the month of such Distribution
Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof. On
the Pool 1 Group I Final Distribution Date, the Pool 1
Group II Senior Optimal Principal Amount shall be increased
by the Pool 1 Group I Excess Amount, if any.
Pool 1 Group II Senior Prepayment Percentage: As to
any Distribution Date, the Senior Prepayment Percentage for
the Pool 1 Certificates minus the Pool 1 Group I Senior
Prepayment Percentage. On the Distribution Date on which
the Group I Senior Certificate Principal Balance in respect
of the Pool 1 Certificates has been reduced to zero,
provided that the Pool 1 Pro Rata Allocation Conditions are
satisfied, the Pool 1 Group II Senior Prepayment Percentage
shall be increased to the extent necessary to include an
additional amount equal to the product of (x) the fraction,
the numerator of which is the aggregate Certificate
32
Principal Balance of the Pool 1 Group II Senior
Certificates for such date (plus, if such Distribution Date
occurs prior to March 25, 2000, 50% of the aggregate
Certificate Principal Balance of the Pool 1 Junior
Certificates), and the denominator of which is the
aggregate Certificate Principal Balance of the Pool 1 Group
II Senior Certificates and the Pool 1 Junior Certificates
for such date and (y) the Pool 1 Group I Excess Prepayment
Amount for such date. After the Distribution Date on which
the Group I Senior Certificate Principal Balance in respect
of the Pool 1 Certificates has been reduced to zero, the
Pool 1 Group II Senior Prepayment Percentage for any
Distribution Date shall be the related Senior Prepayment
Percentage for such Distribution Date.
Pool 1 Junior Certificate: Any Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4 or Class 1-B5
Certificate.
Pool 1 Junior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of the
following (but in no event greater than the aggregate
Certificate Principal Balance of the Pool 1 Junior
Certificates immediately prior to such Distribution Date):
(i) the Junior Percentage for the Pool 1 Certificates
of the applicable Non-PO Percentage of the
principal portion of each Monthly Payment due on
the related Due Date on each Outstanding Mortgage
Loan in Pool 1 as of such Due Date as specified in
the amortization schedule at the time applicable
thereto (after adjustment for previous Principal
Prepayments and Debt Service Reductions, each in
respect of Pool 1, subsequent to the related
Bankruptcy Coverage Termination Date but before
any adjustment to such amortization schedule by
reason of any bankruptcy (other than as aforesaid)
or similar proceeding or any moratorium or similar
waiver or grace period);
(ii) the Junior Prepayment Percentage for the Pool 1
Certificates of the applicable Non-PO Percentage
of all principal prepayments in part in respect of
Pool 1 received during the related Prepayment
Period, and 100% of any Senior Optimal Principal
Amount for the Pool 1 Certificates not distributed
to the Pool 1 Senior Certificates on such
Distribution Date, together with such Junior
Prepayment Percentage of the Scheduled Principal
Balance of each Pool 1 Mortgage Loan that was the
subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the excess, if any, of (x) the applicable Non-PO
Percentage of the sum of (A) all Net Liquidation
33
Proceeds allocable to principal received during
the related Prepayment Period (other than in
respect of Pool 1 Mortgage Loans described in
clause (B)) and (B) the principal balance of each
Pool 1 Mortgage Loan that was purchased by an
insurer from the Trustee during the related
Prepayment Period pursuant to the related Primary
Insurance Policy, over (y) the amount
distributable pursuant to clause (iii) of each of
the definitions of Pool 1 Group I Senior Optimal
Principal Amount and Pool 1 Group II Senior
Optimal Principal Amount on such Distribution
Date;
(iv) the Junior Prepayment Percentage for the Pool 1
Certificates of the applicable Non-PO Percentage
of the Scheduled Principal Balance of each Pool 1
Mortgage Loan that was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the Junior Prepayment Percentage for the Pool 1
Certificates of the applicable Non-PO Percentage
of the Substitution Amount for any Pool 1
Mortgage Loan substituted during the month of
such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Pool 1 Mortgage Loan: A Mortgage Loan identified as a
Pool 1 Mortgage Loan in the Mortgage Loan Schedule.
Pool 1 Pro Rata Allocation Conditions: As set forth in
the definition of Senior Prepayment Percentage.
Pool 1 Senior Certificate: Any Class 1-A1, Class 1-A2,
Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6, Class 1-A7,
Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11, Class 1-
A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class R or Class RL Certificate.
Pool Scheduled Principal Balance: With respect to any
Distribution Date and each Mortgage Pool, the aggregate
Scheduled Principal Balance of all the Mortgage Loans in
such Mortgage Pool that were Outstanding Mortgage Loans on
the Due Date in the month next preceding the month of such
Distribution Date (or, in the case of the first
Distribution Date, the Cut-off Date; or, if so specified,
such other date).
34
Pool 2: The aggregate of the Mortgage Loans identified
in the Mortgage Loan Schedule as Pool 2 Mortgage Loans.
Pool 2 Certificate: Any Pool 2 Senior Certificate,
Pool 2 Junior Certificate or Class 2-S Certificate.
Pool 2 Group I Excess Amount: As set forth in the
definition of Pool 2 Group I Senior Optimal Principal
Amount.
Pool 2 Group I Final Distribution Date: As to the Pool
2 Certificates, the Distribution Date on which the Pool 2
Group I Senior Certificate Principal Balance for such
Certificate Group is reduced to zero.
Pool 2 Group I Senior Certificate: As set forth in the
definition of Group I Senior Certificate.
Pool 2 Group I Senior Optimal Principal Amount: As to
any Distribution Date, an amount equal to the sum of:
(i) the Group I Senior Percentage for the Pool 2
Certificates of the applicable Non-PO Percentage
of the principal portion of each Monthly Payment
due on the related Due Date on each Outstanding
Mortgage Loan in Pool 2 as of such Due Date as
specified in the amortization schedule at the time
applicable thereto (after adjustments for previous
Principal Prepayments and Debt Service Reductions,
each in respect of Pool 2, subsequent to the
related Bankruptcy Coverage Termination Date but
before any adjustment to such amortization
schedule by reason of any bankruptcy (except as
aforesaid) or similar proceeding or any moratorium
or similar waiver or grace period);
(ii) the Pool 2 Group I Senior Prepayment Percentage of
the applicable Non-PO Percentage of all principal
prepayments in part in respect of each Pool 2
Mortgage Loan received during the related
Prepayment Period, together with the Pool 2 Group
I Senior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Pool 2 Mortgage Loan that was the
subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the lesser of (x) the Group I Senior Percentage
for the Pool 2 Certificates of the applicable Non-
PO Percentage of the sum of (A) the Scheduled
Principal Balance of each Pool 2 Mortgage Loan
that became a Liquidated Mortgage Loan (other than
35
Mortgage Loans described in clause (B)) during the
related Prepayment Period and (B) the Scheduled
Principal Balance of each Pool 2 Mortgage Loan
that was purchased by an insurer from the Trustee
during the related Prepayment Period pursuant to
the related Primary Insurance Policy, as reduced
in each case by such Group I Senior Percentage of
the applicable Non-PO Percentage of the principal
portion of any Excess Losses in respect of Pool 2
(other than Excess Bankruptcy Losses attributable
to Debt Service Reductions), and (y) the Pool 2
Group I Senior Prepayment Percentage of the
applicable Non-PO Percentage of the sum of (A) all
Net Liquidation Proceeds allocable to principal
received in respect of each Liquidated Mortgage
Loan in Pool 2 (other than Mortgage Loans
described in clause (B)) and (B) the principal
balance of each Pool 2 Mortgage Loan purchased by
an insurer from the Trustee pursuant to the
related Primary Insurance Policy, in each case
during the related Prepayment Period;
(iv) the Pool 2 Group I Senior Prepayment Percentage
of the applicable Non-PO Percentage of the
Scheduled Principal Balance of each Pool 2
Mortgage Loan that was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the Pool 2 Group I Senior Prepayment Percentage
of the applicable Non-PO Percentage of the
Substitution Amount for any Pool 2 Mortgage Loan
substituted during the month of such Distribution
Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Pool 2 Mortgage Loan
serviced by a Primary Servicer shall be deemed to have been
received when the Company, as servicer, receives notice
thereof. If on the Pool 2 Group I Final Distribution Date,
the Pool 2 Group I Senior Optimal Principal Amount exceeds
the amount necessary to reduce the Pool 2 Group I Senior
Certificate Principal Balance to zero, then the Pool 2
Group I Senior Optimal Principal Amount shall be reduced by
an amount equal to such excess (the "Pool 2 Group I Excess
Amount") and the Pool 2 Group II Senior Optimal Principal
Amount shall be increased by the Pool 2 Group I Excess
Amount.
Pool 2 Group I Senior Prepayment Percentage: As to any
Distribution Date, the Senior Prepayment Percentage for the
Pool 2 Certificates minus the Pool 2 Group II Senior
Prepayment Percentage for such Distribution Date.
36
After the Pool 2 Group I Senior Certificate Principal
Balance has been reduced to zero, the Pool 2 Group I Senior
Prepayment Percentage shall be zero.
Pool 2 Group II Senior Certificate: As set forth
in the definition of Group II Senior Certificate.
Pool 2 Group II Senior Optimal Principal Amount:
As to any Distribution Date, an amount equal to the sum
of:
(i) the Group II Senior Percentage for the Pool 2
Certificates of the applicable Non-PO Percentage
of the principal portion of each Monthly Payment
due on the related Due Date on each Outstanding
Mortgage Loan in Pool 2 as of such Due Date as
specified in the amortization schedule at the time
applicable thereto (after adjustments for previous
Principal Prepayments and Debt Service Reductions,
each in respect of Pool 2, subsequent to the
related Bankruptcy Coverage Termination Date but
before any adjustment to such amortization
schedule by reason of any bankruptcy (except as
aforesaid) or similar proceeding or any
moratorium or similar waiver or grace period);
(ii) the Pool 2 Group II Senior Prepayment Percentage
of the applicable Non-PO Percentage of all
principal prepayments in part in respect of each
Pool 2 Mortgage Loan received during the related
Prepayment Period, together with the Pool 2 Group
II Senior Prepayment Percentage of the applicable
Non-PO Percentage of the Scheduled Principal
Balance of each Pool 2 Mortgage Loan that was the
subject of a Voluntary Principal Prepayment in
full during the related Prepayment Period;
(iii) the amount by which (a) the lesser of (x) the
Senior Percentage for the Pool 2 Certificates of
the applicable Non-PO Percentage of the sum of (A)
the Scheduled Principal Balance of each Pool 2
Mortgage Loan that became a Liquidated Mortgage
Loan (other than Mortgage Loans described in
clause (B)) during the related Prepayment Period
and (B) the Scheduled Principal Balance of each
Pool 2 Mortgage Loan that was purchased by an
insurer from the Trustee during the related
Prepayment Period pursuant to the related Primary
Insurance Policy, as reduced in each case by the
Senior Percentage for the Pool 2 Certificates of
the applicable Non-PO Percentage of the principal
portion of any Excess Losses in respect of Pool 2
37
(other than Excess Bankruptcy Losses attributable
to Debt Service Reductions), and (y) the Senior
Prepayment Percentage for the Pool 2 Certificates
of the applicable Non-PO Percentage of the sum of
(A) all Net Liquidation Proceeds allocable to
principal received in respect of each such
Liquidated Mortgage Loan in Pool 2 (other than
Mortgage Loans described in clause (B)) and (B)
the principal balance of each such Pool 2 Mortgage
Loan purchased by an insurer from the Trustee
pursuant to the related Primary Insurance Policy,
in each case during the related Prepayment Period,
exceeds (b) the amount distributable pursuant to
clause (iii) of the definition of Pool 2 Group I
Senior Optimal Principal Amount;
(iv) the Pool 2 Group II Senior Prepayment Percentage
of the applicable Non-PO Percentage of the
Scheduled Principal Balance of each Pool 2
Mortgage Loan that was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the Pool 2 Group II Senior Prepayment Percentage
of the applicable Non-PO Percentage of the
Substitution Amount for any Pool 2 Mortgage Loan
substituted during the month of such Distribution
Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof. On
the Pool 2 Group I Final Distribution Date, the Pool 2
Group II Senior Optimal Principal Amount shall be increased
by the Pool 2 Group I Excess Amount, if any.
Pool 2 Group II Senior Prepayment Percentage: For any
Distribution Date occurring prior to the fifth anniversary of the
first Distribution Date, 0.00%.
For any Distribution Date occurring on or after the fifth
anniversary of the first Distribution Date, an amount as follows:
(i) for any Distribution Date subsequent to February
2002 to and including the Distribution Date in
February 2003, 30% of the product of (x) the Group
II Senior Percentage for the Pool 2 Certificates
divided by the Senior Percentage for the Pool 2
Certificates, in each case for such Distribution
Date, and (y) the Senior Prepayment Percentage for
38
the Pool 2 Certificates for such Distribution
Date;
(ii) for any Distribution Date subsequent to February
2003 to and including the Distribution Date in
February 2004, 40% of the product of (x) the Group
II Senior Percentage for the Pool 2 Certificates
divided by the Senior Percentage for the Pool 2
Certificates, in each case for such Distribution
Date, and (y) the Senior Prepayment Percentage for
the Pool 2 Certificates for such Distribution
Date;
(iii) for any Distribution Date subsequent to February
2004 to and including the Distribution Date in
February 2005, 60% of the product of (x) the
Group II Senior Percentage for the Pool 2
Certificates divided by the Senior Percentage for
the Pool 2 Certificates, in each case for such
Distribution Date, and (y) the Senior Prepayment
Percentage for the Pool 2 Certificates for such
Distribution Date;
(iv) for any Distribution Date subsequent to February
2005 to and including the Distribution Date in
February 2006, 80% of the product of (x) the Group
II Senior Percentage for the Pool 2 Certificates
divided by the Senior Percentage for the Pool 2
Certificates, in each case for such Distribution
Date, and (y) the Senior Prepayment Percentage for
the Pool 2 Certificates for such Distribution
Date; and
(v) for any Distribution Date thereafter, the product
of (x) the Group II Senior Percentage for the
Pool 2 Certificates divided by the Senior
Percentage for the Pool 2 Certificates, in each
case for such Distribution Date, and (y) the
Senior Prepayment Percentage for the Pool 2
Certificates for such Distribution Date;
provided, that on any Distribution Date following the Pool 2
Group I Final Distribution Date, the Pool 2 Group II Senior
Prepayment Percentage will equal the Senior Prepayment Percentage
for the Pool 2 Certificates for such Distribution Date.
Pool 2 Junior Certificate: Any Class 2-M, Class 2-B1,
Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-B5
Certificate.
Pool 2 Junior Optimal Principal Amount: As to any
Distribution Date, an amount equal to the sum of the
39
following (but in no event greater than the aggregate
Certificate Principal Balance of the Pool 2 Junior
Certificates immediately prior to such Distribution Date):
(i) the Junior Percentage for the Pool 2 Certificates
of the applicable Non-PO Percentage of the
principal portion of each Monthly Payment due on
the related Due Date on each Outstanding Mortgage
Loan in Pool 2 as of such Due Date as specified in
the amortization schedule at the time applicable
thereto (after adjustment for previous Principal
Prepayments and Debt Service Reductions, each in
respect of Pool 2, subsequent to the related
Bankruptcy Coverage Termination Date but before
any adjustment to such amortization schedule by
reason of any bankruptcy (other than as aforesaid)
or similar proceeding or any moratorium or similar
waiver or grace period);
(ii) the Junior Prepayment Percentage for the Pool 2
Certificates of the applicable Non-PO Percentage
of all principal prepayments in part in respect of
Pool 2 received during the related Prepayment
Period, and 100% of any Senior Optimal Principal
Amount for the Pool 2 Certificates not distributed
to the Pool 2 Senior Certificates on such
Distribution Date, together with such Junior
Prepayment Percentage of the applicable Non-PO
Percentage of the Scheduled Principal Balance of
each Pool 2 Mortgage Loan that was the subject of
a Voluntary Principal Prepayment in full during
the related Prepayment Period;
(iii) the excess, if any, of (x) the applicable Non-PO
Percentage of the sum of (A) all Net Liquidation
Proceeds allocable to principal received during
the related Prepayment Period in Pool 2 (other
than in respect of Mortgage Loans described in
clause (B)) and (B) the principal balance of each
Pool 2 Mortgage Loan that was purchased by an
insurer from the Trustee during the related
Prepayment Period pursuant to the related Primary
Insurance Policy, over (y) the amount
distributable pursuant to clause (iii) of each of
the definitions of Pool 2 Group I Senior Optimal
Principal Amount and Pool 2 Group II Senior
Optimal Principal Amount on such Distribution
Date;
(iv) the Junior Prepayment Percentage for the Pool 2
Certificates of the applicable Non-PO Percentage
of the Scheduled Principal Balance of each Pool 2
40
Mortgage Loan that was purchased on such
Distribution Date pursuant to Section 2.02,
2.03(a) or 3.16; and
(v) the Junior Prepayment Percentage for the Pool 2
Certificates of the applicable Non-PO Percentage
of the Substitution Amount for any Pool 2
Mortgage Loan substituted during the month of
such Distribution Date.
For purposes of clause (ii) above, a Voluntary Principal
Prepayment in full with respect to a Mortgage Loan serviced
by a Primary Servicer shall be deemed to have been received
when the Company, as servicer, receives notice thereof.
Pool 2 Mortgage Loan: A Mortgage Loan identified as a
Pool 2 Mortgage Loan in the Mortgage Loan Schedule.
Pool 2 Senior Certificate: Any Class 2-A1, Class 2-A2,
Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6, Class 2-A7
or Class 2-PO Certificate.
Prepayment Assumption: The assumed fixed schedule of
prepayments on a pool of new mortgage loans with such
schedule given as a monthly sequence of prepayment rates,
expressed as annualized percent values. These values start
at 0.2% per year in the first month, increase by 0.2% per
year in each succeeding month until month 30, ending at
6.0% per year. At such time, the rate remains constant at
6.0% per year for the balance of the remaining term.
Multiples of the Prepayment Assumption are calculated from
this prepayment rate series.
Prepayment Assumption Multiple: 250% of the Prepayment
Assumption.
Prepayment Distribution Trigger: As of any
Distribution Date and as to each Class of Class B
Certificates, the related Prepayment Distribution Trigger
is satisfied if (x) the fraction, expressed as a
percentage, the numerator of which is the aggregate Class
Certificate Principal Balance of such Class and each Class
of the related Certificate Group subordinate thereto, if
any, on such Distribution Date, and the denominator of
which is the Pool Scheduled Principal Balance for the
related Mortgage Pool for such Distribution Date, equals or
exceeds (y) such percentage calculated as of the Closing
Date.
Prepayment Interest Excess: As to any Voluntary
Principal Prepayment in full received from the first day
through the fifteenth day of any calendar month (other than
the calendar month in which the Cut-off Date occurs), all
41
amounts paid in respect of interest on such Principal
Prepayment. For purposes of determining the amount of
Prepayment Interest Excess for any month, a Voluntary
Principal Prepayment in full with respect to a Mortgage
Loan serviced by a Primary Servicer shall be deemed to have
been received when the Company, as servicer, receives
notice thereof. All Prepayment Interest Excess shall be
retained by the Company, as servicer, as additional
servicing compensation.
Prepayment Period: With respect to any Distribution
Date and any Voluntary Principal Prepayment in part or
other Principal Prepayment other than a Voluntary Principal
Prepayment in full, the calendar month preceding the month
of such Distribution Date; with respect to any Distribution
Date and any Voluntary Principal Prepayment in full, the
period beginning on the sixteenth day of the calendar month
preceding the month of such Distribution Date (or, in the
case of the first Distribution Date, beginning on the
Cutoff Date) and ending on the fifteenth day of the month
in which such Distribution Date occurs.
Primary Insurance Policy: The certificate of private
mortgage insurance relating to a particular Mortgage Loan,
or an electronic screen print setting forth the information
contained in such certificate of private mortgage
insurance, including, without limitation, information
relating to the name of the mortgage insurance carrier, the
certificate number, the loan amount, the property address,
the effective date of coverage, the amount of coverage and
the expiration date of the policy. Each such policy covers
defaults by the Mortgagor, which coverage shall equal the
portion of the unpaid principal balance of the related
Mortgage Loan that exceeds 75% (or such lesser coverage
required or permitted by FNMA or FHLMC) of the Original
Value of the underlying Mortgaged Property.
Primary Servicer: Any servicer with which the Company
has entered into a servicing agreement, as described in
Section 3.01(f).
Principal Balance Schedules: Any principal balance
schedules attached hereto, if applicable, as Exhibit B,
setting forth the PAC Balances of any PAC Certificates and
PAC Components, the TAC Balances of any TAC Certificates
and TAC Components, and the Scheduled Balances of any
Scheduled Certificates and Scheduled Components.
Principal Only Certificate: Any Class 1-PO or Class 2-
PO Certificate.
Principal Only Component: None.
42
Principal Prepayment: Any payment or other recovery of
principal on a Mortgage Loan (including, for this purpose,
any refinancing permitted by Section 3.01, any Purchase
Price of a Modified Mortgage Loan purchased pursuant to
Section 3.01(c) and any REO Proceeds treated as such
pursuant to Section 3.08(b)) which is received in advance
of its scheduled Due Date and is not accompanied by an
amount of interest representing scheduled interest for any
month subsequent to the month of prepayment.
Private Placement Memorandum: Any of the private
placement memorandum relating to the Class 1-B3, Class 1-B4
and Class 1-B5 Certificates, the private placement
memorandum relating to the Class 2-B3, Class 2-B4 and Class
2-B5 Certificates or the private placement memorandum
relating to the Class 1-A7 Certificates, each dated
February 24, 1997.
Prohibited Transaction Exemption: With respect to
Salomon Brothers Inc, U.S. Department of Labor Prohibited
Transaction Exemption 89-89, 54 Fed. Reg. 42589, October 17,
1989, as amended. With respect to Deutsche Xxxxxx Xxxxxxxx
Inc., Department of Labor exemption application number X-
00000, granted effective December 7, 1996, pursuant to the
expedited processing procedure provided under Prohibited
Transaction Exemption 96-62 (61 Fed. Reg. 39988, July 31,
1996). With respect to PaineWebber Incorporated, U.S.
Department of Labor Prohibited Transaction Exemption 90-36,
55 Fed. Reg. 25903, June 25, 1990.
Property Protection Expenses: With respect to any
Mortgage Loan, expenses paid or incurred by or for the
account of the Company in accordance with the related
Mortgage for (a) real estate property taxes and property
repair, replacement, protection and preservation expenses
and (b) similar expenses reasonably paid or incurred to
preserve or protect the value of such Mortgage to the
extent the Company is not reimbursed therefor pursuant to
the Primary Insurance Policy, if any, or any other
insurance policy with respect thereto.
Purchase Price: With respect to any Mortgage Loan
required or permitted to be purchased hereunder from the
Trust Fund, an amount equal to 100% of the unpaid principal
balance thereof plus interest thereon at the applicable
Mortgage Rate from the date to which interest was last paid
to the first day of the month in which such purchase price
is to be distributed; provided, however, that if the
Company is the servicer hereunder, such purchase price shall
be net of unreimbursed Monthly Advances with respect to such
Mortgage Loan, and the interest component of the Purchase
Price may be computed on the basis of the Net Mortgage Rate
43
for such Mortgage Loan; and provided, further, that if
such Mortgage Loan is a Modified Mortgage Loan, the
interest component of the Purchase Price shall be
computed (i) on the basis of the applicable Mortgage Rate
before giving effect to the related modification and (ii)
from the date to which interest was last paid to the date
on which such Modified Mortgage Loan is assigned to the
Company pursuant to Section 3.01(c).
QIB: A "qualified institutional buyer" as defined in
Rule 144A under the Securities Act of 1933, as amended.
Rating Agency: Any statistical credit rating agency,
or its successor, that rated any of the Certificates at the
request of the Company at the time of the initial issuance
of the Certificates. If such agency or a successor is no
longer in existence, "Rating Agency" shall be such
statistical credit rating agency, or other comparable
Person, designated by the Company, notice of which
designation shall be given to the Trustee. References
herein to the two highest long-term rating categories of a
Rating Agency shall mean such ratings without any
modifiers. As of the date of the initial issuance of the
Certificates, the Rating Agencies are Fitch and S&P; except
that for purposes of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1- B3 and Class 1-B4 Certificates, Fitch shall be the
sole Rating Agency, and for purposes of the Class 2-M,
Class 2- B1, Class 2-B2, Class 2-B3 and Class 2-B4
Certificates, S&P shall be the sole Rating Agency. The
Class 1-B5 and Class 2-B5 Certificates are not rated upon
issuance.
Realized Loss: Any (i) Deficient Valuation or (ii) as
to any Liquidated Mortgage Loan, (x) the unpaid principal
balance of such Liquidated Mortgage Loan plus accrued and
unpaid interest thereon at the Net Mortgage Rate through
the last day of the month of such liquidation less (y) the
related Net Liquidation Proceeds.
Record Date: The last Business Day of the month
immediately preceding the month of the related Distribution
Date.
Reference Banks: As defined in Section 5.08.
Relief Act: The Soldiers' and Sailors' Civil Relief
Act of 1940, as amended.
Relief Act Mortgage Loan: Any Mortgage Loan as to
which the Monthly Payment thereof has been reduced due to
the application of the Relief Act.
44
REMIC: A "real estate mortgage investment conduit"
within the meaning of section 860D of the Code.
REMIC Provisions: Provisions of the federal income tax
law relating to real estate mortgage investment conduits,
which appear at sections 860A through 860G of Part IV of
Subchapter M of Chapter 1 of the Code, and related
provisions, and U.S. Department of the Treasury temporary
or final regulations promulgated thereunder, as the
foregoing may be in effect from time to time, as well as
provisions of applicable state laws.
REO Mortgage Loan: Any Mortgage Loan which is not a
Liquidated Mortgage Loan and as to which the related
Mortgaged Property is held as part of the Trust Fund.
REO Proceeds: Proceeds, net of any related expenses of
the Company, received in respect of any REO Mortgage Loan
(including, without limitation, proceeds from the rental of
the related Mortgaged Property).
Reserve Fund: None.
Reserve Interest Rate: As defined in Section 5.08.
Residual Certificate: Any Class R or Class RL
Certificate.
Responsible Officer: When used with respect to the
Trustee, any officer or assistant officer assigned to and
working in the Corporate Trust Department of the Trustee
and, also, with respect to a particular matter, any other
officer to whom such matter is referred because of such
officer's knowledge of and familiarity with the particular
subject.
Restricted Certificate: Any Restricted Junior
Certificate, Class 1-A7 Certificate or Class S Certificate.
Restricted Junior Certificate: Any Class 1-B3, Class
1-B4, Class 1-B5, Class 2-B3, Class 2-B4 or Class 2-B5
Certificate.
S&P: Standard & Poor's Rating Services, a division of
The XxXxxx-Xxxx Companies, Inc., and its successors.
S&P Formula Amount: As to each Anniversary
Determination Date and each Mortgage Pool, the greater of
(i) $100,000 and (ii) the product of (x) 0.06% and (y) the
Scheduled Principal Balance of each Mortgage Loan remaining
in such Mortgage Pool whose original principal balance was
75% or greater of the Original Value thereof.
45
SAIF: The Savings Association Insurance Fund of the
FDIC, or its successor in interest.
Scheduled Balance: As to any Distribution Date and any
Class of Scheduled Certificates and any Scheduled
Component, the balance designated as such for such
Distribution Date and such Class or Component as set forth
in the Principal Balance Schedules.
Scheduled Certificates: None.
Scheduled Component: None.
Scheduled Principal Balance: As to any Mortgage Loan
and Distribution Date, the principal balance of such
Mortgage Loan as of the Due Date in the month next preceding
the month of such Distribution Date (or, if so specified,
such other date) as specified in the amortization schedule
at the time relating to such Mortgage Loan (before any
adjustment to such amortization schedule by reason of any
bankruptcy or similar proceeding or any moratorium or
similar waiver or grace period) after giving effect to any
previous Principal Prepayments, Deficient Valuations
incurred subsequent to the related Bankruptcy Coverage
Termination Date, adjustments due to the application of the
Relief Act and the payment of principal due on such Due
Date, irrespective of any delinquency in payment by the
related Mortgagor. As to any Mortgage Loan and the Cut-off
Date, the "unpaid balance" thereof specified in the initial
Mortgage Loan Schedule.
Senior Certificate: Any Pool 1 Senior Certificate or
Pool 2 Senior Certificate.
Senior Certificate Principal Balance: As of any
Distribution Date and as to each Certificate Group, an
amount equal to the sum of the Certificate Principal
Balances of the related Senior Certificates (other than any
Principal Only Certificates).
Senior Optimal Principal Amount: As to any
Distribution Date and the Pool 1 Certificates, an amount
equal to the sum of the Pool 1 Group I Senior Optimal
Principal Amount for such date and the Pool 1 Group II
Senior Optimal Principal Amount for such date. As to any
Distribution Date and the Pool 2 Certificates, an amount
equal to the sum of the Pool 2 Group I Senior Optimal
Principal Amount for such date and the Pool 2 Group II
Senior Optimal Principal Amount for such date.
46
Senior Percentage: As to any Distribution Date and
each Certificate Group, the lesser of (i) 100% and (ii) the
percentage (carried to six places rounded up) obtained by
dividing the Senior Certificate Principal Balance for such
Certificate Group immediately prior to such Distribution
Date by an amount equal to the sum of the Certificate
Principal Balances of all the Certificates in such
Certificate Group (other than any Principal Only
Certificates) immediately prior to such Distribution Date.
Senior Prepayment Percentage: As to each Certificate
Group, for any Distribution Date occurring prior to the
fifth anniversary of the first Distribution Date, 100%. As
to each Certificate Group, for any Distribution Date
occurring on or after the fifth anniversary of the first
Distribution Date, an amount as follows:
(i) for any Distribution Date subsequent to February
2002 to and including the Distribution Date in
February 2003, the related Senior Percentage for
such Distribution Date plus 70% of the related
Junior Percentage for such Distribution Date;
(ii) for any Distribution Date subsequent to February
2003 to and including the Distribution Date in
February 2004, the related Senior Percentage for
such Distribution Date plus 60% of the related
Junior Percentage for such Distribution Date;
(iii) for any Distribution Date subsequent to February
2004 to and including the Distribution Date in
February 2005, the related Senior Percentage for
such Distribution Date plus 40% of the related
Junior Percentage for such Distribution Date;
(iv) for any Distribution Date subsequent to February
2005 to and including the Distribution Date in
February 2006, the related Senior Percentage for
such Distribution Date plus 20% of the related
Junior Percentage for such Distribution Date; and
(v) for any Distribution Date thereafter, the related
Senior Percentage for such Distribution Date.
Notwithstanding the foregoing, (i) if on any Distribution
Date the related Senior Percentage exceeds the related
Senior Percentage as of the Closing Date, the Pool 1 Senior
Prepayment Percentage for such Certificate Group for such
Distribution Date will equal 100% and (ii) with respect to
the Pool 1 Certificates, after the Group I Senior
Certificate Principal Balance for such Certificate Group
has been reduced to zero, the related Senior Prepayment
47
Percentage will equal (a) if such Distribution Date occurs
prior to March 25, 2000, the related Senior Percentage for
such Distribution Date plus 50% of the related Junior
Percentage for such Distribution Date, and (b) if such
Distribution Date occurs on or after March 25, 2000, the
related Senior Percentage for such Distribution Date,
provided in each case that all of the following conditions
(such conditions, the "Pool 1 Pro Rata Allocation
Conditions") are satisfied: (x) the Junior Percentage in
respect of Pool 1 as of such Distribution Date is at least
double the Junior Percentage in respect of Pool 1 as of the
Closing Date; (y) the aggregate Scheduled Principal Balance
of Pool 1 Mortgage Loans delinquent 60 days or more
(including for this purpose any Pool 1 Mortgage Loans in
foreclosure and any REO Mortgage Loans in Pool 1) averaged
over the last six months, as a percentage of the aggregate
Scheduled Principal Balance of all Pool 1 Mortgage Loans
averaged over the last six months, does not exceed 2%; and
(z) cumulative Realized Losses in respect of Pool 1 do not
exceed 30% of the Original Subordinate Principal Balance.
The Pool 1 Pro Rata Allocation Conditions shall not be
applicable on any Distribution Date on or after March 25,
2006.
In addition, notwithstanding the foregoing, no reduction of
the Senior Prepayment Percentage for a Certificate Group
below the level in effect for the most recent prior period
as set forth in clauses (i) through (iv) above shall be
effective on any Distribution Date unless at least one of
the following two tests is satisfied:
Test I: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool delinquent 60 days or more
(including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage Loans) as a percentage of
the aggregate Class Certificate Principal Balance of
the related Junior Certificates as of such date, does
not exceed 50%, and (ii) cumulative Realized Losses
with respect to the Mortgage Loans in the related
Mortgage Pool do not exceed (a) 30% of the aggregate
Class Certificate Principal Balance of the related
Junior Certificates as of the Closing Date (the
"Original Subordinate Principal Balance" for such
Certificate Group) if such Distribution Date occurs
48
between and including March 2002 and February 2003,
(b) 35% of the Original Subordinate Principal Balance
for such Certificate Group if such Distribution Date
occurs between and including March 2003 and December
2004, (c) 40% of the Original Subordinate Principal
Balance for such Certificate Group if such
Distribution Date occurs between and including March
2004 and February 2005, (d) 45% of the Original
Subordinate Principal Balance for such Certificate
Group if such Distribution Date occurs between and
including March 2005 and February 2006 and (e) 50% of
the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
during or after March 2006; or
Test II: If, as of the last day of the month
preceding such Distribution Date, (i) the aggregate
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool delinquent 60 days or more
(including for this purpose any Mortgage Loans in
foreclosure and REO Mortgage Loans) averaged over the
last three months, as a percentage of the aggregate
Scheduled Principal Balance of Mortgage Loans in the
related Mortgage Pool averaged over the last three
months, does not exceed 4%, and (ii) cumulative
Realized Losses with respect to the Mortgage Loans in
the related Mortgage Pool do not exceed (a) 10% of the
Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
between and including March 2002 and February 2003,
(b) 15% of the Original Subordinate Principal Balance
for such Certificate Group if such Distribution Date
occurs between and including March 2003 and February
2004, (c) 20% of the Original Subordinate Principal
Balance for such Certificate Group if such
Distribution Date occurs between and including March
2004 and February 2005, (d) 25% of the Original
Subordinate Principal Balance for such Certificate
Group if such Distribution Date occurs between and
including March 2005 and February 2006, and (e) 30% of
the Original Subordinate Principal Balance for such
Certificate Group if such Distribution Date occurs
during or after March 2006.
Servicer's Certificate: A certificate, completed by
and executed on behalf of the Company in accordance with
Section 4.06, substantially in the form of Exhibit D hereto
or in such other form as the Company and the Trustee shall
agree.
Servicing Fee: As to any Mortgage Loan and
Distribution Date, an amount equal to the product of (i)
the Scheduled Principal Balance of such Mortgage Loan as of
the Due Date in the preceding calendar month and (ii) the
Servicing Fee Rate for such Mortgage Loan.
Servicing Fee Rate: As to any Mortgage Loan, the per
annum rate identified as such for such Mortgage Loan and set
forth in the Mortgage Loan Schedule.
49
Servicing Officer: Any officer of the Company involved
in, or responsible for, the administration and servicing of
the Mortgage Loans whose name appears on a list of
servicing officers attached to an Officer's Certificate
furnished to the Trustee by the Company, as such list may
from time to time be amended.
Single Certificate: A Certificate with an Initial
Certificate Principal Balance, or initial Notional
Principal Balance, of $1,000 or, in the case of a Class of
Certificates issued with an initial Class Certificate
Principal Balance or initial Notional Principal Balance of
less than $1,000, such lesser amount.
Special Hazard Loss: (i) A Realized Loss suffered by a
Mortgaged Property on account of direct physical loss,
exclusive of (a) any loss covered by a hazard policy or a
flood insurance policy required to be maintained in respect
of such Mortgaged Property under Section 3.06 and (b) any
loss caused by or resulting from:
(1) normal wear and tear;
(2) conversion or other dishonest act on the part of
the Trustee, the Company or any of their agents or
employees; or
(3) errors in design, faulty workmanship or faulty
materials, unless the collapse of the property or
a part thereof ensues;
or (ii) any Realized Loss suffered by the Trust Fund
arising from or related to the presence or suspected
presence of hazardous wastes or hazardous substances on a
Mortgaged Property unless such loss to a Mortgaged Property
is covered by a hazard policy or a flood insurance policy
required to be maintained in respect of such Mortgaged
Property under Section 3.06.
Special Hazard Loss Amount: As of any Distribution
Date, an amount equal to $4,503,535, in the case of Pool 1,
and $2,000,000, in the case of Pool 2, minus, in each case,
the sum of (i) the aggregate amount of Special Hazard
Losses in respect of such Mortgage Pool that would have
been allocated to the related Junior Certificates in
accordance with Section 4.03 in the absence of the Loss
Allocation Limitation and (ii) the related Adjustment
Amount (as defined below) as most recently calculated.
On each anniversary of the Cut-off Date, the
"Adjustment Amount" for each Mortgage Pool shall be
equal to the amount, if any, by which the amount
calculated in accordance with the preceding sentence
for such Mortgage Pool (without giving effect to
50
the deduction of the related Adjustment Amount for
such anniversary) exceeds the lesser of (x) the greater
of (A) the product of the Special Hazard Percentage
for such Mortgage Pool for such anniversary multiplied
by the outstanding principal balance of all the
Mortgage Loans in such Mortgage Pool on the Distribution
Date immediately preceding such anniversary and (B) twice
the outstanding principal balance of the Mortgage Loan in
such Mortgage Pool that has the largest outstanding
principal balance on the Distribution Date immediately
preceding such anniversary, and (y) an amount calculated by
the Company and approved by each Rating Agency, which
amount shall not be less than $500,000.
Special Hazard Percentage: With respect to each
Mortgage Pool and as of each anniversary of the Cut-off
Date, the greater of (i) 1.00% and (ii) the largest
percentage obtained by dividing (x) the aggregate
outstanding principal balance (as of the immediately
preceding Distribution Date) of the Mortgage Loans in such
Mortgage Pool secured by Mortgaged Properties located in a
single, five-digit zip code area in the State of California
by (y) the outstanding principal balance of all the
Mortgage Loans in such Mortgage Pool as of the immediately
preceding Distribution Date.
Special Hazard Termination Date: With respect to each
Mortgage Pool, the Distribution Date upon which the Special
Hazard Loss Amount for such Mortgage Pool has been reduced
to zero or a negative number (or the related Cross-Over
Date, if earlier).
Specified Certificate: Any Class 1-A7 Certificate.
Specified Component: Any Component of the Class 1-A7
Certificates.
Startup Day: As defined in Section 2.05(b).
Strip Rate: With respect to the Class 1-S Certificates
and any Distribution Date, a variable rate per annum equal
to the excess of (x) the weighted average (by Scheduled
Principal Balance) carried to six decimal places, rounded
down, of the Net Mortgage Rates of the Outstanding Mortgage
Loans in Pool 1 as of the Due Date in the preceding
calendar month (or the Cut-off Date, in the case of the
first Distribution Date) over (y) 7.50%, and with respect
to the Class 2-S Certificates and any Distribution Date, a
variable rate per annum equal to the excess of (x) the weighted
average (by Scheduled Principal Balance) carried to six decimal
places, rounded down, of the Net Mortgage Rates of the
Outstanding Non-Discount Mortgage Loans in Pool 2 as of
51
the Due Date in the preceding calendar month (or the
Cut-off Date, in the case of the first Distribution
Date) over (y) 7.00%; provided, however, that in each case
such calculation shall not include any Mortgage Loan that
was the subject of a Voluntary Principal Prepayment in full
received by the Company (or of which the Company received
notice, in the case of a Mortgage Loan serviced by a
Primary Servicer) on or after the first day but on or
before the 15th day of such preceding calendar month.
Subordinate Certificates: As to any date of
determination and each Certificate Group, first, the
related Class B5 Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; second,
the related Class B4 Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; third, the related Class B3 Certificates until the Class
Certificate Principal Balance thereof has been reduced to
zero; fourth, the related Class B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; fifth, the related Class B1 Certificates
until the Class Certificate Principal Balance thereof has
been reduced to zero; and sixth, the related Class M
Certificates until the Class Certificate Principal Balance
thereof has been reduced to zero.
Subordinate Certificate Writedown Amount: As to any
Distribution Date and the Pool 1 Certificates, first, any
amount distributed to the Class 1-PO Certificates on such
Distribution Date pursuant to Section 4.01(a)(iv), and
second, after giving effect to the application of the
applicable portion of clause first above, the amount by
which (i) the sum of the Class Certificate Principal
Balances of all the Certificates in Pool 1 (after giving
effect to the distribution of principal and the application
of Realized Losses in reduction of the Certificate
Principal Balances of the Pool 1 Certificates on such
Distribution Date) exceeds (ii) the Pool Scheduled
Principal Balance of Pool 1 on the first day of the month
of such Distribution Date less any Deficient Valuations
occurring in respect of the Pool 1 Mortgage Loans on or
prior to the related Bankruptcy Coverage Termination Date.
As to any Distribution Date and the Pool 2 Certificates,
first, any amount distributed to the Class 2-PO
Certificates on such Distribution Date pursuant to Section
4.01(b)(iv), and second, after giving effect to the
application of the applicable portion of clause first of
this sentence, the amount by which (i) the sum of the Class
Certificate Principal Balances of all the Certificates in
Pool 2 (after giving effect to the distribution of principal
and the application of Realized Losses in reduction of the
Certificate Principal Balances of the Pool 2 Certificates on
52
such Distribution Date) exceeds (ii) the Pool Scheduled
Principal Balance of Pool 2 on the first day of the month
of such Distribution Date less any Deficient Valuations
occurring in respect of the Pool 2 Mortgage Loans on or
prior to the related Bankruptcy Coverage Termination Date.
Substitution Amount: With respect to any Mortgage Loan
substituted pursuant to Section 2.03(b), the excess of (x)
the Scheduled Principal Balance of the Mortgage Loan that
is substituted for, over (y) the Scheduled Principal
Balance of the related substitute Mortgage Loan, each
balance being determined as of the date of substitution.
TAC Balance: As to any Distribution Date and any Class
of TAC Certificates and any TAC Component, the balance
designated as such for such Distribution Date and such Class
or Component as set forth in the Principal Balance
Schedules.
TAC Certificate: Any Class 1-A6 or Class 2-A5
Certificate.
TAC Component: Any Class 1-A5B, Class 1-A7A and Class
1-A7B Component.
Trigger Event: Any one or more of the following: (i)
if the Company is not a wholly-owned direct or indirect
subsidiary of General Electric Company or if General
Electric Capital Corporation shall not own (directly or
indirectly) at least two-thirds of the voting shares of the
capital stock of the Company, (ii) if the long-term senior
unsecured rating of General Electric Capital Corporation is
downgraded or withdrawn by Fitch or S&P below their two
highest rating categories, (iii) if General Electric
Capital Corporation is no longer obligated pursuant to the
terms of the support agreement, dated as of October 1,
1990, between General Electric Capital Corporation and the
Company, to maintain the Company's net worth or liquidity
(as such terms are defined therein) at the levels specified
therein, or if such support agreement, including any
amendment thereto, has been breached, terminated or
otherwise held to be unenforceable and (iv) if such support
agreement, including any amendment thereto, is amended or
modified.
Trust Fund: The corpus of the trust created by this
Agreement evidenced by the Certificates and consisting of:
(i) the Mortgage Loans;
(ii) all payments on or collections in respect of
such Mortgage Loans, except as otherwise described in
the first paragraph of Section 2.01;
53
(iii) the obligation of the Company to deposit in
the Certificate Account the amounts required by
Sections 3.02(d), 3.02(e) and 4.04(a), and the
obligation of the Trustee to deposit in the
Certificate Account any amount required pursuant to
Section 4.04(b);
(iv) the obligation of the Company to purchase or
replace any Defective Mortgage Loan pursuant to Section
2.02 or 2.03;
(v) the obligation of the Company to purchase any
Modified Mortgage Loan pursuant to Section 3.01(c);
(vi) all property acquired by foreclosure or deed
in lieu of foreclosure with respect to any REO Mortgage
Loan;
(vii) the proceeds of the Primary Insurance
Policies, if any, and the hazard insurance policies
required by Section 3.06, in each case, in respect of
the Mortgage Loans;
(viii) the Certificate Account established pursuant
to Section 3.02(d);
(ix) the Eligible Account or Accounts, if any,
established pursuant to Section 3.02(e); and
(x) any collateral funds established to secure
the obligations of the Holder of the Class 1-B4 and
Class 1-B5 Certificates, respectively, or of the Class
2-B4 and Class 2-B5 Certificates, respectively, under
any agreements entered into between either such Holder
and the Company pursuant to Section 3.08(e).
Trustee: The institution executing this Agreement as
Trustee, or its successor in interest, or if any successor
trustee is appointed as herein provided, then such
successor trustee so appointed.
Uninsured Cause: Any cause of damage to property
subject to a Mortgage such that the complete restoration of
the property is not fully reimbursable by the hazard
insurance policies required to be maintained pursuant to
Section 3.06.
Unpaid Class Interest Shortfall: As to any
Distribution Date and any Class of Certificates (other than
any Class of Principal Only Certificates or any Class of
Specified Certificates) or any Specified Component (other
than any Principal Only Component), the amount, if any, by
54
which the aggregate of the Class Interest Shortfalls for
such Class or Specified Component for prior Distribution
Dates is in excess of the aggregate amounts distributed on
prior Distribution Dates to Holders of such Class of
Certificates or in respect of such Specified Component (or
added to the Class Certificate Principal Balance of any
Class of Accrual Certificates, or to the Component
Principal Balance of any Accrual Component) pursuant to (A)
with respect to the Pool 1 Certificates, Section
4.01(a)(ii), in the case of the Pool 1 Senior Certificates
(other than any Class of Principal Only Certificates), and
any Component thereof (other than any Principal Only
Component), and the Class 1-S Certificates, Section
4.01(a)(vi), in the case of the Class 1-M Certificates,
Section 4.01(a)(ix), in the case of the Class 1-B1
Certificates, Section 4.01(a)(xii), in the case
of the Class 1-B2 Certificates, Section 4.01(a)(xv),
in the case of the Class 1-B3 Certificates,
Section 4.01(a)(xviii), in the case of the Class 1-B4
Certificates, Section 4.01(a)(xxi), in the case of the
Class 1-B5 Certificates, (B) with respect to the Pool 2
Certificates, Section 4.01(b)(ii), in the case of the Pool
2 Senior Certificates (other than any Class of Principal
Only Certificates) and any Component thereof (other than
any Principal Only Component), Section 4.01(b)(vi), in the
case of the Class 2-M Certificates, Section 4.01(b)(ix), in
the case of the Class 2-B1 Certificates, Section
4.01(b)(xii), in the case of the Class 2-B2 Certificates,
Section 4.01(b)(xv), in the case of the Class 2-B3
Certificates, Section 4.01(b)(xviii), in the case of the
Class 2-B4 Certificates, and Section 4.01(b)(xxi), in the
case of the Class 2-B5 Certificates. As to any Distribution
Date and any Class of Specified Certificates, the sum of
any Unpaid Class Interest Shortfalls for the Specified
Components thereof.
Upper Tier REMIC: One of the two separate REMICs
comprising the Trust Fund, the assets of which consist of
the Lower Tier Interests.
Voluntary Principal Prepayment: With respect to any
Distribution Date, any prepayment of principal received from
the related Mortgagor on a Mortgage Loan (including the
Purchase Price of any Modified Mortgage Loan purchased
pursuant to Section 3.01(c)).
Voting Rights: The portion of the voting rights of all
the Certificates that is allocated to any Certificate for
purposes of the voting provisions of Section 10.01. At all
times during the term of this Agreement, 97.0% of all Voting
Rights shall be allocated to the Certificates other than the
Class 2-A4 and Class S Certificates and 1.0% and 2.0% of all
Voting Rights shall be allocated to the Class 2-A4 and Class
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S Certificates, respectively. Voting Rights allocated
to the Class 2-A4 and Class S Certificates shall be
allocated among the Certificates within each such Class
in proportion to their Notional Principal Balances. Voting
Rights allocated to the other Classes of Certificates shall
be allocated among such Classes (and among the Certificates
within each such Class) in proportion to their Class
Certificate Principal Balances (or Certificate Principal
Balances), as the case may be.
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01. Conveyance of Mortgage Loans. The
Company, concurrently with the execution and delivery of this
Agreement, does hereby transfer, assign, set-over and otherwise
convey to the Trustee, without recourse (except as provided
herein) all the right, title and interest of the Company in and
to the Mortgage Loans, including all interest and principal
received by the Company on or with respect to the Mortgage Loans
(other than payments of principal and interest due and payable on
the Mortgage Loans on or before, and all Principal Prepayments
received before, the Cut-off Date).
In connection with such transfer and assignment, the
Company does hereby deliver to the Trustee the following
documents or instruments with respect to each Mortgage Loan
(other than any Designated Loan) so transferred and assigned:
(i) The Mortgage Note, endorsed without recourse in
blank by the Company, including all intervening
endorsements showing a complete chain of endorsement from
the originator to the Company; provided, however, that if
such Mortgage Note is a Confirmatory Mortgage Note, such
Confirmatory Mortgage Note may be payable directly to the
Company or may show a complete chain of endorsement from
the named payee to the Company;
(ii) Any assumption and modification agreement; and
(iii) An assignment in recordable form (which may be
included in a blanket assignment or assignments) of the
Mortgage to the Trustee.
With respect to each Designated Loan, the Company does hereby
deliver to the Trustee the Designated Loan Closing Documents.
In instances where a completed assignment of the
Mortgage in recordable form cannot be delivered by the Company to
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the Trustee prior to or concurrently with the execution and
delivery of this Agreement, due to a delay in connection with
recording of the Mortgage, the Company may, in lieu of delivering
the completed assignment in recordable form, deliver to the
Trustee the assignment in such form, otherwise complete except
for recording information.
With respect to each Designated Loan, within 45 days
of the Closing Date the Company shall deliver to the Trustee
either (a) the documents referred to in clauses (i) and (ii) of
the second preceding paragraph, provided that if the Company cannot
locate such documents in the form initially executed by the
Mortgagor and the obligor under any assumption and modification
agreement, then it shall use reasonable efforts to obtain, and
may deliver, new documents executed by such parties evidencing
their obligations under the initial documents or (b) an Opinion
of Counsel satisfactory to the Trustee from counsel admitted to
practice in the jurisdiction in which the related Mortgaged
Property is located to the effect that the absence of the
original Mortgage Note or assumption and modification agreement,
as the case may be, will not preclude the Company as servicer
from initiating or prosecuting to completion any foreclosure
proceeding with respect to such Mortgaged Property. If such
documents are not so delivered within 45 days of the Closing
Date, the Company will use its best reasonable efforts (and the
Trustee will have no obligation to inquire as to such efforts) to
substitute another Mortgage Loan for such Designated Loan on the
next succeeding Distribution Date pursuant to Section 2.03(b). If
the Company is unable to effect such substitution, it shall
repurchase such Designated Loan on such Distribution Date
pursuant to Section 2.03(a).
In connection with each Mortgage Loan transferred and
assigned to the Trustee, the Company shall deliver to the Trustee
the following documents or instruments as promptly as
practicable, but in any event within 30 days, after receipt by
the Company of all such documents and instruments for all of the
outstanding Mortgage Loans:
(i) the Mortgage with evidence of recording indicated
thereon;
(ii) a copy of the title insurance policy; and
(iii) with respect to any Mortgage that has been
assigned to the Company, the related recorded intervening
assignment or assignments of Mortgage, showing a complete
chain of assignment from the originator to the Company.
Pending such delivery, the Company shall retain in its files (a)
copies of the documents described in clauses (i) and (iii) of the
preceding sentence, without evidence of recording thereon, and
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(b) title insurance binders with respect to the Mortgage Loans.
The Company shall also retain in its files evidence of any
primary mortgage insurance relating to the Mortgage Loans during
the period when the related insurance is in force. Pending
delivery of the documents referred to in the second preceding
sentence, such evidence of primary mortgage insurance shall
include a copy of the relevant Primary Insurance Policy. (The
copies of the Mortgage, intervening assignments of Mortgage, if
any, title insurance binder and the Primary Insurance Policy, if
any, described in the second and third preceding sentences are
collectively referred to herein as the "Document File" with
respect to each Mortgage Loan.) The Company shall advise the
Trustee in writing if such delivery to the Trustee shall not have
occurred on or before the first anniversary of the Closing Date.
The Company shall promptly furnish to the Trustee the documents
included in the Document Files (other than any such documents
previously delivered to the Trustee as originals or copies)
either (a) upon the written request of the Trustee or (b) when
the Company or the Trustee obtains actual notice or knowledge of
a Trigger Event. The Trustee shall have no obligation to request
delivery of the Document Files unless a Responsible Officer of
the Trustee has actual notice or knowledge of the occurrence of a
Trigger Event.
In the case of Mortgage Loans which have been prepaid
in full after the Cut-off Date and prior to the date of execution
and delivery of this Agreement, the Company, in lieu of
delivering the above documents to the Trustee, herewith delivers
to the Trustee a certification of a Servicing Officer of the
nature set forth in Section 3.09.
The Company shall not be required to record the
assignments of the Mortgages to the Trustee unless the Company or
the Trustee obtains actual notice or knowledge of the occurrence
of any Trigger Event; provided, however, that such recording
shall not be required if the Company delivers to the Trustees a
letter from each Rating Agency to the effect that the failure to
take such action will not cause such Rating Agency to reduce or
withdraw its then current ratings of the Certificates. The party
obtaining actual notice or knowledge of any of such events shall
give the other party prompt written notice thereof. For purposes
of the foregoing (as well as for purposes of determining whether
the Company shall be required to deliver the Document Files to
the Trustee following the occurrence of a Trigger Event), the
Company shall be deemed to have knowledge of any such downgrading
referred to in the definition of Trigger Event if, in the
exercise of reasonable diligence, the Company has or should have
had knowledge thereof. As promptly as practicable subsequent to
the Company's delivery or receipt of such written notice, as the
case may be, the Company shall insert the recording information
in the assignments of the Mortgages to the Trustee and shall
cause the same to be recorded, at the Company's expense, in the
58
appropriate public office for real property records, except that
the Company need not cause to be so completed and recorded any
assignment which relates to a Mortgage Loan secured by property
in a jurisdiction under the laws of which, on the basis of an
Opinion of Counsel reasonably satisfactory to the Trustee and
satisfactory to each Rating Agency (as evidenced in writing),
recordation of such assignment is not necessary to protect the
Trustee against discharge of such Mortgage Loan by the Company or
any valid assertion that any Person other than the Trustee has
title to or any rights in such Mortgage Loan. In the event that
the Company fails or refuses to record the assignment of
Mortgages in the circumstances provided above, the Trustee shall
record or cause to be recorded such assignment at the expense of
the Company. In connection with the recording of any such
assignment, the Company shall furnish such documents as may be
reasonably necessary to accomplish such recording.
Notwithstanding the foregoing, at any time the Company may
record, or cause to be recorded, the assignments of Mortgages at
the expense of the Company.
Section 2.02. Acceptance by Trustee. Subject to the
examination hereinafter provided, the Trustee acknowledges
receipt by it of the Mortgage Notes, the assignments of the
Mortgages to the Trustee, the assumption and modification
agreements, if any, and the Designated Loan Closing Documents, if
any, delivered pursuant to Section 2.01, and declares that the
Trustee holds and will hold such documents and each other
document delivered to it pursuant to Section 2.01 in trust, upon
the trusts herein set forth, for the use and benefit of all
present and future Certificateholders. The Trustee agrees, for
the benefit of Certificateholders, to review each Mortgage File
within 45 days after (i) the execution and delivery of this
Agreement, in the case of the Mortgage Notes, the assignments of
the Mortgages to the Trustee, the assumption and modification
agreements, if any, and the Designated Loan Closing Documents, if
any, (ii) delivery after the Closing Date of (x) the Mortgage
Notes and the assumption and modification agreements, if any, or
(y) an Opinion of Counsel described in the fourth paragraph of
Section 2.01, as applicable, with respect to each Designated
Loan, and (iii) delivery of the recorded Mortgages, title
insurance policies and recorded intervening assignments of
Mortgage, if any, to ascertain that all required documents set
forth in Section 2.01 have been executed, received and recorded,
if applicable, and that such documents relate to the Mortgage
Loans identified in Exhibit C hereto. In performing such
examination, the Trustee may conclusively assume the due
execution and genuineness of any such document and the
genuineness of any signature thereon. It is understood that the
scope of the Trustee's examination of the Mortgage Files is
limited solely to confirming, after receipt of the documents
listed in Section 2.01, that such documents have been executed,
received and recorded, if applicable, and relate to the Mortgage
59
Loans identified in Exhibit C to this Agreement. If in the course
of such review the Trustee finds (1) that any document required
to be delivered as aforesaid has not been delivered, or (2) any
such document has been mutilated, defaced or physically altered
without the borrower's authorization or approval, or (3) based
upon its examination of such documents, the information with
respect to any Mortgage Loan set forth on Exhibit C is not
accurate, the Trustee shall promptly so notify the Company in
writing, which shall have a period of 60 days after receipt of
such notice to correct or cure any such defect. The Company
hereby covenants and agrees that, if any such material defect
cannot be corrected or cured, the Company will on a Distribution
Date which is not later than the first Distribution Date which is
more than ten days after the end of such 60-day period repurchase
the related Mortgage Loan from the Trustee at the Purchase Price
therefor or replace such Mortgage Loan pursuant to Section
2.03(b); provided, however, that if the defect (or breach
pursuant to Section 2.03(a)) is one that, had it been discovered
before the Startup Day, would have prevented the Mortgage Loan
from being a "qualified mortgage" within the meaning of the REMIC
Provisions, such defect or breach shall be cured, or the related
Mortgage Loan shall be repurchased or replaced, on a Distribution
Date which falls within 90 days of the date of discovery of such
defect or breach. The Purchase Price for the repurchased Mortgage
Loan, or any amount required in respect of a substitution
pursuant to Section 2.03(b), shall be deposited by the Company in
the Certificate Account pursuant to Section 3.02(d) on the
Business Day prior to the applicable Distribution Date and, upon
receipt by the Trustee of written notification of such deposit
signed by a Servicing Officer, the Trustee shall release or cause
to be released to the Company the related Mortgage File and shall
execute and deliver or cause to be executed and delivered such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary to vest in the Company any
Mortgage Loan released pursuant hereto. It is understood and
agreed that the obligation of the Company to repurchase or
replace any Mortgage Loan as to which a material defect in a
constituent document exists shall constitute the sole remedy
respecting such defect available to Certificateholders or the
Trustee on behalf of Certificateholders.
Upon receipt by the Trustee of the Mortgage Note with
respect to a Designated Loan that is not defective in accordance
with the fifth sentence of the preceding paragraph, the related
Lost Note Affidavit delivered pursuant to Section 2.01 shall be
void and the Trustee shall return it to the Company.
Section 2.03. Representations and Warranties of the
Company; Mortgage Loan Repurchase. (a) The Company hereby
represents and warrants to the Trustee that:
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(i) The information set forth in Exhibit C hereto was
true and correct in all material respects at the date or
dates respecting which such information is furnished;
(ii) As of the date of the initial issuance of the
Certificates, each Mortgage is a valid and enforceable
first lien on the property securing the related Mortgage
Note subject only to (a) the lien of current real property
taxes and assessments, (b) covenants, conditions and
restrictions, rights of way, easements and other matters of
public record as of the date of recording of such Mortgage, such
exceptions appearing of record being acceptable to mortgage
lending institutions generally in the area wherein the
property subject to the Mortgage is located or specifically
reflected in the appraisal obtained in connection with the
origination of the related Mortgage Loan obtained by the
Company and (c) other matters to which like properties are
commonly subject which do not materially interfere with the
benefits of the security intended to be provided by such
Mortgage;
(iii) Immediately prior to the transfer and assignment
herein contemplated, the Company had good title to, and was
the sole owner of, each Mortgage Loan and all action had
been taken to obtain good record title to each related
Mortgage. Each Mortgage Loan has been transferred free and
clear of any liens, claims and encumbrances;
(iv) As of the date of the initial issuance of the
Certificates, no payment of principal of or interest on or
in respect of any Mortgage Loan is 30 or more days past due
and none of the Mortgage Loans have been past due 30 or
more days more than once during the preceding 12 months;
(v) As of the date of the initial issuance of the
Certificates, there is no mechanics' lien or claim for
work, labor or material affecting the premises subject to
any Mortgage which is or may be a lien prior to, or equal
or coordinate with, the lien of such Mortgage except those
which are insured against by the title insurance policy
referred to in (x) below;
(vi) As of the date of the initial issuance of the
Certificates, there is no delinquent tax or assessment lien
against the property subject to any Mortgage;
(vii) As of the date of the initial issuance of the
Certificates, there is no valid offset, defense or
counterclaim to any Mortgage Note or Mortgage, including
the obligation of the Mortgagor to pay the unpaid principal
and interest on such Mortgage Note;
61
(viii) As of the date of the initial issuance of the
Certificates, the physical property subject to any Mortgage
is free of material damage and is in good repair;
(ix) Each Mortgage Loan at the time it was made
complied in all material respects with applicable state and
federal laws, including, without limitation, usury, equal
credit opportunity and disclosure laws;
(x) A lender's title insurance policy or binder, or
other assurance of title insurance customary in the relevant
jurisdiction therefor, in either case, in a form acceptable
to FNMA or FHLMC, was issued on the date of the origination
of each Mortgage Loan and each such policy or binder is
valid and remains in full force and effect;
(xi) The original principal amount of each Mortgage
Note was not more than 95% of the Original Value thereof;
as of the Cut-off Date, no more than 31.25% of the Mortgage
Loans in Pool 1 and no more than 9.00% of the Mortgage
Loans in Pool 2, in each case by Scheduled Principal
Balance, had original principal amounts of more than 80% of
the Original Value and each Mortgage Note having an
original principal amount in excess of 80% of the Original
Value is covered by a Primary Insurance Policy so long as
its then outstanding principal amount exceeds 80% of the
greater of (a) the Original Value and (b) the then current
value of the related Mortgaged Property as evidenced by an
appraisal thereof satisfactory to the Company. Each Primary
Insurance Policy is issued by a private mortgage insurer
acceptable to FNMA or FHLMC;
(xii) Each Mortgage Note is payable on the first day of
each month in self-amortizing monthly installments of
principal and interest, with interest payable in arrears,
over an original term of not more than thirty years. The
Mortgage Rate of each Mortgage Note of the related Mortgage
Loan was not less than 7.125% per annum and not greater
than 9.250% per annum, in the case of Pool 1, and was not
less than 6.750% per annum and not greater than 8.625% per
annum, in the case of Pool 2. The Mortgage Rate of each
Mortgage Note is fixed for the life of the related Mortgage
Loan;
(xiii) The improvements on the Mortgaged Properties are
insured against loss under a hazard insurance policy with
extended coverage and conforming to the requirements of
Section 3.06 hereof. As of the date of initial issuance of
the Certificates, all such insurance policies are in full
force and effect;
(xiv) As of the Cut-off Date, no more than 16.00% of the
Mortgage Loans in Pool 1 and no more than 27.75% of the
62
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, had a Scheduled Principal Balance of
more than $400,000;
(xv) As of the Cut-off Date, no more than 1.00% of the
Mortgage Loans in Pool 1 and no more than 2.00% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by Mortgaged Properties
located in any one postal zip code area;
(xvi) As of the Cut-off Date, at least 96.75% of the
Mortgage Loans in Pool 1 and at least 92.75% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by Mortgaged Properties
determined by the Company to be the primary residence of
the Mortgagor. The basis for such determination is the
making of a representation by the Mortgagor at origination
that he or she intends to occupy the underlying property;
(xvii) As of the Cut-off Date, at least 94.00% of the
Mortgage Loans in Pool 1 and at least 95.75% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by one-family detached
residences;
(xviii) As of the Cut-off Date, no more than 2.25% of the
Mortgage Loans in Pool 1 and no more than 4.00% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by condominiums and, as of
the Cut-off Date, no more than 1.00% of the Mortgage Loans
in Pool 1 and none of the Mortgage Loans in Pool 2, in each
case by Scheduled Principal Balance, are secured by two- to
four-family residential properties. As to each condominium
or related Mortgage Loan, (a) the related condominium is in
a project that is on the FNMA or FHLMC approved list, (b)
the related condominium is in a project that, upon
submission of appropriate application, could be so approved
by either FNMA or FHLMC, (c) the related Mortgage Loan
meets the requirements for purchase by FNMA or FHLMC, (d)
the related Mortgage Loan is of the type that could be
approved for purchase by FNMA or FHLMC but for the
principal balance of the related Mortgage Loan or the
pre-sale requirements or (e) the related Mortgage Loan has
been approved by a nationally recognized mortgage pool
insurance company for coverage under a mortgage pool
insurance policy issued by such insurer. As of the Cut-off
Date, no more than 0.25% of the Mortgage Loans in Pool 1
and no more than 0.50% of the Mortgage Loans in Pool 2, in
each case by Scheduled Principal Balance, are secured by
condominiums located in any one postal zip code area;
63
(xix) No Mortgage Loan is secured by a leasehold
interest in the related Mortgaged Property, and each
Mortgagor holds fee title to the related Mortgaged
Property;
(xx) As of the Cut-off Date, no more than 1.25% of the
Mortgage Loans in Pool 1 and none of the Mortgage Loans in
Pool 2, in each case by Scheduled Principal Balance,
constituted Buydown Mortgage Loans. The maximum Buydown
Period for any Buydown Mortgage Loan is three years, and
the maximum difference between the stated Mortgage Rate of
any Buydown Mortgage Loan and the rate paid by the related
Mortgagor is three percentage points. Each Buydown Mortgage
Loan has been fully funded;
(xxi) The original principal balances of the Mortgage
Loans in Pool 1 range from $60,000 to $832,950, and the
original principal balances of the Mortgage Loans in Pool 2
range from $32,000 to $1,000,000;
(xxii) As of the Cut-off Date, no more than 2.50% of the
Mortgage Loans in Pool 1 and no more than 6.50% of the
Mortgage Loans in Pool 2, in each case by Scheduled
Principal Balance, are secured by second homes, and no more
than 0.75% of the Mortgage Loans in Pool 1 and no more than
1.00% of the Mortgage Loans in Pool 2, in each case by
Scheduled Principal Balance, are secured by investor-owned
properties;
(xxiii) All appraisals are on forms acceptable to either
FNMA or FHLMC, including information regarding three
comparable properties;
(xxiv) No selection procedures, other than those
necessary to comply with the representations and warranties
set forth herein or the description of the Mortgage Loans
made in any disclosure document delivered to prospective
investors in the Certificates, have been utilized in
selecting the Mortgage Loans from the Company's portfolio
which would be adverse to the interests of the
Certificateholders;
(xxv) To the best of the Company's knowledge, at
origination no improvement located on or being part of a
Mortgaged Property was in violation of any applicable
zoning and subdivision laws and ordinances;
(xxvi) None of the Mortgage Loans is a temporary
construction loan. With respect to any Mortgaged Property
which constitutes new construction, the related
construction has been completed substantially in accordance
with the specifications therefor and any incomplete aspect of
such construction shall not be material or interfere with the
64
habitability or legal occupancy of the Mortgaged
Property. Mortgage Loan amounts sufficient to effect any
such completion are in escrow for release upon or in
connection with such completion or a performance bond or
completion bond is in place to provide funds for this
purpose and such completion shall be accomplished within
120 days after weather conditions permit the commencement
thereof;
(xxvii) As of the Closing Date, each Mortgage Loan is a
"qualified mortgage" as defined in Section 860G(a)(3) of the
Code; and
(xxviii) As of the Closing Date, the Company possesses the
Document File with respect to each Mortgage Loan, and the
related Mortgages and intervening assignment or assignments
of Mortgages, if any, have been delivered to a title
insurance company for recording.
It is understood and agreed that the representations
and warranties set forth in this Section 2.03(a) shall survive
delivery of the respective Mortgage Files to the Trustee. Upon
discovery by either the Company or the Trustee of a breach of any
of the foregoing representations and warranties which materially
and adversely affects the interests of the Certificateholders in
the related Mortgage Loan, the party discovering such breach
shall give prompt written notice to the other. Subject to the
following sentence, within 60 days of its discovery or its
receipt of notice of breach, or, with the prior written consent
of a Responsible Officer of the Trustee, such longer period
specified in such consent, the Company shall cure such breach in
all material respects or shall repurchase such Mortgage Loan from
the Trustee or replace such Mortgage Loan pursuant to Section
2.03(b). Any such repurchase by the Company shall be accomplished
in the manner set forth in Section 2.02, subject to the proviso
of the third-to-last sentence thereof, and at the Purchase Price.
It is understood and agreed that the obligation of the Company to
repurchase or replace any Mortgage Loan as to which a breach
occurred and is continuing shall constitute the sole remedy
respecting such breach available to Certificateholders or the
Trustee on behalf of Certificateholders and such obligation of
the Company to repurchase or replace any such Mortgage Loan shall
not be assumed by any Person which may succeed the Company as
servicer hereunder, but shall continue as an obligation of the
Company. Notwithstanding the preceding sentence, if a breach of
the representation and warranty of the Company contained in
Section 2.03(a)(ix) occurs as a result of a violation of the
federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., as
amended ("TILA"), and the Trustee or the Trust Fund is named
as a defendant in a TILA suit in respect of such violation
and liability in respect thereof is imposed upon the
Trustee or the Trust Fund as assignees of the related Mortgage
Loan pursuant to Section 1641 of TILA, the Company shall
65
indemnify the Trustee and the Trust Fund from, and hold them
harmless against, any and all losses, liabilities, damages,
claims or expenses (including reasonable attorneys' fees) to
which the Trustee and the Trust Fund, or either of them, become
subject pursuant to TILA, insofar as such losses, damages, claims
or expenses (including reasonable attorneys' fees) result from
such violation. The Company's obligations under the preceding
sentence shall not impair or derogate from the Company's
obligations to the Trustee under Section 8.05.
(b) If the Company is required to repurchase any
Mortgage Loan pursuant to Section 2.02 or 2.03(a), the Company
may, at its option, within the applicable time period specified
in such respective Sections, remove such Defective Mortgage Loan
from the terms of this Agreement and substitute one or more other
mortgage loans for such Defective Mortgage Loan, in lieu of
repurchasing such Defective Mortgage Loan, provided that no such
substitution shall occur more than two years after the Closing
Date. Any substitute Mortgage Loan shall (a) have a Scheduled
Principal Balance (together with that of any other Mortgage Loan
substituted for the same Defective Mortgage Loan) as of the first
Distribution Date following the month of substitution not in
excess of the Scheduled Principal Balance of the Defective
Mortgage Loan as of such date (the amount of any difference, plus
one month's interest thereon at the respective Net Mortgage Rate,
to be deposited by the Company in the Certificate Account
pursuant to Section 2.02), (b) have a Mortgage Rate not less
than, and not more than one percentage point greater than, the
Mortgage Rate of the Defective Mortgage Loan, (c) have the same
Net Mortgage Rate as the Defective Mortgage Loan, (d) have a
remaining term to stated maturity not later than, and not more
than one year less than, the remaining term to stated maturity of
the Defective Mortgage Loan, (e) be, in the reasonable
determination of the Company, of the same type, quality and
character as the Defective Mortgage Loan as if the defect or
breach had not occurred, (f) have a ratio of its current
principal amount to its Original Value not greater than that of
the removed Mortgage Loan and (g) be, in the reasonable
determination of the Company, in compliance with the
representations and warranties contained in Section 2.03(a) as of
the date of substitution.
The Company shall amend the Mortgage Loan Schedule to
reflect the withdrawal of any Defective Mortgage Loan and the
substitution of a substitute Mortgage Loan therefor. Upon such
amendment the Company shall be deemed to have made as to such
substitute Mortgage Loan the representations and warranties set
forth in Section 2.03(a) as of the date of such substitution,
which shall be continuing as long as any Certificate shall be
outstanding or this Agreement has not been terminated, and the
remedies for breach of any such representation or warranty shall
be as set forth in Section 2.03(a). Upon such amendment, the
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Trustee shall review the Mortgage File delivered to it relating
to the substitute Mortgage Loan, within the time and in the
manner and with the remedies specified in Section 2.02, except
that for purposes of this Section 2.03(b) (other than the
two-year period specified in the first sentence of the preceding
paragraph of this Section 2.03(b)), such time shall be measured
from the date of the applicable substitution.
Section 2.04. Execution of Certificates. The Trustee
has caused to be executed, countersigned and delivered to or upon
the order of the Company, in exchange for the Mortgage Loans, the
Certificates in authorized denominations evidencing the entire
ownership of the Trust Fund.
Section 2.05. The REMICs. (a) For federal income tax
purposes, the Trust Fund shall consist of two REMICs, the Lower
Tier REMIC and the Upper Tier REMIC. The Certificates, other than
the Class RL Certificate, shall be issued by the Upper Tier
REMIC, and the Class RL Certificate shall be issued by the Lower
Tier REMIC. The Lower Tier REMIC shall be evidenced by the Class
RL Certificate and the regular interests having the
characteristics and terms set forth in the following table, which
interests (other than the Class RL Certificate) shall be issued
by the Lower Tier REMIC to the Trustee. The Lower Tier Interests
and the proceeds thereof shall be assets of the Upper Tier REMIC.
Principal of and interest on the Lower Tier Interests shall be
allocated to the Corresponding Classes of Certificates (or
Components) in the manner set forth in the following table.
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Corresponding Class of
Certificates and/or
Components(1)
----------------------
Lower-Tier Allocation Allocation
Lower-Tier Initial Lower Interest of of
Interest Tier Balance Rate Principal Interest
-------- ------------ ---- --------- --------
1-A1 $51,348,218.00 7.50% 1-A1 (6)
1-A2 65,627,405.00 7.50 1-A2 (7)
1-A3 5,215,005.00 7.50 1-A3 1-A3
1-A4 59,275,041.00 7.50 1-A4 (8)
1-A5 25,181,058.00 7.50 1-A5 1-A5
1-A6 18,750,423.00 7.50 1-A6 1-A6
1-A7A 43,017,481.00 7.50 1-A7A 1-A7A
1-A7B 53,000,000.00 7.50 1-A7B 1-A7B
1-A8 7,500,000.00 (2) 1-A8 1-A8
1-A9 1,500,000.00 (3) 1-A9 1-A9
1-A10 9,542,448.00 7.50 1-A10 1-A10
1-A11 25,000,000.00 7.50 1-A11 1-A11
1-A12 5,886,977.00 7.50 1-A12 1-A12
1-A13 1,752,000.00 7.75 1-A13 1-A13
1-A14 292,000.00 6.00 1-A14 1-A14
1-A15 8,900,000.00 7.50 1-A15 1-A15
1-A16 42,000,000.00 7.50 1-A16 1-A16
1-A17 3,000,000.00 7.50 1-A17 1-A17
1-S (4) (4) N/A 1-S
1-PO 1,047,553.00 0.00 1-PO N/A
1-M 9,007,000.00 7.50 1-M 1-M
1-B1 4,503,000.00 7.50 1-B1 1-B1
1-B2 4,503,000.00 7.50 1-B2 1-B2
1-B3 2,252,000.00 7.50 1-B3 1-B3
1-B4 676,000.00 7.50 1-B4 1-B4
1-B5 1,576,675.22 7.50 1-B5 1-B5
2-A1 15,244,000.00 7.00 2-A1 2-A1
2-A2 13,163,000.00 7.00 2-A2 (9)
2-A3 12,831,000.00 7.00 2-A3 (10)
2-A5 24,799,000.00 7.00 2-A5 2-A5
2-A6 12,513,793.00 7.00 2-A6 2-A6
2-A7 9,000,000.00 7.00 2-A7 2-A7
2-S (5) (5) N/A 2-S
2-PO 127,781.00 0.00 2-PO N/A
2-M 900,265.00 7.00 2-M 2-M
2-B1 450,132.00 7.00 2-B1 2-B1
2-B2 450,132.00 7.00 2-B2 2-B2
2-B3 270,079.00 7.00 2-B3 2-B3
2-B4 180,053.00 7.00 2-B4 2-B4
2-B5 225,068.19 7.00 2-B5 2-B5
R 100.00 7.50 R R
--------------------------
(footnotes on next page)
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(b) The Lower Tier Interests shall be issued as
non-certificated interests. The Class RL Certificate shall be
issued in fully registered certificated form and shall be
executed and countersigned as provided in Section 5.01 hereof.
(c) For purposes of further identifying the terms of
the Lower Tier Interests, distributions of principal and interest
on each Class of Lower Tier Interests shall be considered to
correspond, in timing and aggregate amount, to the distributions
of principal and interest, respectively, made under Section 4.01
on the Corresponding Classes of Certificates or Components, and
allocations of losses on each Class of Lower Tier Interests shall
be considered to correspond, in timing and aggregate amount, to
the allocations of losses made under Section 4.03 on the
Corresponding Classes of Certificates or Components.
(d) On each Distribution Date, in addition to amounts
otherwise distributable thereon pursuant to Section 4.01, the
Trustee shall distribute to the holder of the Class RL
Certificate any amounts (other than the amounts described in
clauses (x) and (y) of the definition of Available Funds)
remaining in the Lower Tier REMIC after all amounts required to
be applied pursuant to Section 2.05(c) have been so applied. Any
distributions pursuant to this clause (d) shall not reduce the
Class Certificate Principal Balance of the Class RL Certificate.
--------------------------
(footnotes continued from previous page)
(1) Unless otherwise indicated, the amount of interest and
principal allocable from a Lower Tier Interest to its
Corresponding Class or Classes of Certificates on any
Distribution Date shall be 100%.
(2) Lower Tier Interest 1-A8 shall bear interest at the
Certificate Interest Rate of its Corresponding Class of
Certificates.
(3) Lower Tier Interest 1-A9 shall bear interest at the
Certificate Interest Rate of its Corresponding Class of
Certificates.
(4) Lower Tier Interest 1-S shall have a Lower Tier Balance
equal to the Notional Principal Balance of the Class 1-S
Certificates on the related Distribution Date and a Lower
Tier Interest Rate equal to the related Strip Rate for such
Distribution Date.
(5) Lower Tier Interest 2-S shall have a Lower Tier Balance
equal to the Notional Principal Balance of the Class 2-S
Certificates on the related Distribution Date and a Lower
Tier Interest Rate equal to the related Strip Rate for such
Distribution Date.
(footnotes continued on next page)
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(footnotes continued from previous page)
(6) For each Interest Accrual Period, the interest accrued on
Lower Tier Interest 1-A1 shall be allocable as follows: (i)
an amount equal to the Accrued Certificate Interest for
such Accrual Period for the Class 1-A1 Certificates shall
be allocable to such Class, and (ii) an amount equal to the
excess of the interest accrued on such Lower Tier Interest
over the amount allocated in clause (i) above shall be
allocable to the Class 1-A7 Certificates in respect of the
Class 1-A7C Component.
(7) For each Interest Accrual Period, the interest accrued on
Lower Tier Interest 1-A2 shall be allocable as follows: (i)
an amount equal to the Accrued Certificate Interest for
such Accrual Period for the Class 1-A2 Certificates shall
be allocable to such Class, and (ii) an amount equal to the
excess of the interest accrued on such Lower Tier Interest
over the amount allocated in clause (i) above shall be
allocable to the Class 1-A7 Certificates in respect of the
Class 1-A7C Component.
(8) For each Interest Accrual Period, the interest accrued on
Lower Tier Interest 1-A4 shall be allocable as follows: (i)
an amount equal to the Accrued Certificate Interest for
such Accrual Period for the Class 1-A4 Certificates shall
be allocable to such Class, and (ii) an amount equal to the
excess of the interest accrued on such Lower Tier Interest
over the amount allocated in clause (i) above shall be
allocable to the Class 1-A7 Certificates in respect of the
Class 1-A7D Component.
(9) For each Interest Accrual Period, the interest accrued on
Lower Tier Interest 2-A2 shall be allocable as follows: (i)
an amount equal to the Accrued Certificate Interest for
such Accrual Period for the Class 2-A2 Certificates shall
be allocable to such Class, and (ii) an amount equal to the
excess of the interest accrued on such Lower Tier Interest
over the amount allocated in clause (i) above shall be
allocable to the Class 2-A4 Certificates.
(10) For each Interest Accrual Period, the interest accrued on
Lower Tier Interest 2-A3 shall be allocable as follows: (i)
an amount equal to the Accrued Certificate Interest for
such Accrual Period for the Class 2-A3 Certificates shall
be allocable to such Class, and (ii) an amount equal to the
excess of the interest accrued on such Lower Tier Interest
over the amount allocated in clause (i) above shall be
allocable to the Class 2-A4 Certificates.
70
Section 2.06. Designations under the REMIC Provisions.
(a) The Company hereby designates the Lower Tier Interests
identified in Section 2.05(a) above as "regular interests," and
the Class RL Certificate as the single class of "residual
interests," in the Lower Tier REMIC for purposes of the REMIC
Provisions.
(b) The Company hereby designates the Classes of
Certificates identified in Section 5.01(b), other than the
Residual Certificates, as "regular interests," and the Class R
Certificate as the single class of "residual interests," in the
Upper Tier REMIC for purposes of the REMIC Provisions.
(c) The Closing Date will be the "Startup Day" for
each of the Upper Tier REMIC and Lower Tier REMIC for purposes of
the REMIC Provisions.
(d) The "tax matters person" with respect to the Upper
Tier REMIC for purposes of the REMIC Provisions shall be (i) the
Company, if the Company is the owner of a Class R Certificate, or
(ii) in any other case, the beneficial owner of the Class R
Certificate having the largest Percentage Interest of such Class;
provided, however, that such largest beneficial owner and, to the
extent relevant, each other holder of a Class R Certificate, by
its acceptance thereof irrevocably appoints the Company as its
agent and attorney-in-fact to act as "tax matters person" with
respect to the Upper Tier REMIC for purposes of the REMIC
Provisions.
The "tax matters person" with respect to the Lower
Tier REMIC for purposes of the REMIC Provisions shall be (i) the
Company, if the Company is the owner of a Class RL Certificate,
or (ii) in any other case, the beneficial owner of the Class RL
Certificate having the largest Percentage Interest of such Class;
provided, however, that such largest beneficial owner and, to the
extent relevant, each other holder of a Class RL Certificate, by
its acceptance thereof irrevocably appoints the Company as its
agent and attorney-in-fact to act as "tax matters person" with
respect to the Lower Tier REMIC for purposes of the REMIC
Provisions.
(e) The "latest possible maturity date" of the regular
interests in the Upper Tier REMIC and Lower Tier REMIC is the
Latest Possible Maturity Date for purposes of section 860G(a)(1)
of the Code.
(f) In no event shall the assets described in clause
(x) of the definition of the term Trust Fund constitute a part of
the Upper Tier REMIC or the Lower Tier REMIC and shall constitute
an outside reserve fund owned by the Certificateholder depositing
assets. For Federal income tax purposes, the Company, on behalf
of the Trustee, shall account for such assets as required to
71
comply with Treasury Regulations 1.860G-2(h) and (i) for such
assets to be respected as separate from the REMICs created
pursuant to this Agreement.
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01. Company to Act as Servicer. (a) It is
intended that each of the Upper Tier REMIC and Lower Tier REMIC
established hereunder shall constitute, and that the affairs of
the REMICs shall be conducted so as to qualify each of the Upper
Tier REMIC and Lower Tier REMIC as, a "real estate mortgage
investment conduit" as defined in and in accordance with the
REMIC Provisions. In furtherance of such intention, the Company
covenants and agrees that it shall act as agent (and the Company
is hereby appointed to act as agent) on behalf of each of the
Upper Tier REMIC and Lower Tier REMIC established hereunder and
the respective Holders of the Residual Certificates and that in
such capacity it shall:
(i) prepare and file, or cause to be prepared and
filed, in a timely manner, a U.S. Real Estate Mortgage
Investment Conduit Income Tax Return (Form 1066) and
prepare and file or cause to be prepared and filed with the
Internal Revenue Service and applicable state or local tax
authorities income tax or information returns for each
taxable year with respect to each of the Upper Tier REMIC
and Lower Tier REMIC established hereunder, using the
calendar year as the taxable year and the accrual method of
accounting, containing such information and at the times
and in the manner as may be required by the Code or state
or local tax laws, regulations, or rules, and shall furnish
or cause to be furnished to Certificateholders the
schedules, statements or information at such times and in
such manner as may be required thereby;
(ii) within thirty days of the Closing Date, shall
furnish or cause to be furnished to the Internal Revenue
Service, on Form 8811 or as otherwise may be required by
the Code, the name, title, address, and telephone number of
the person that the holders of the Certificates may contact
for tax information relating thereto (and the Company shall
act as the representative of each of the Upper Tier REMIC
and Lower Tier REMIC established hereunder for this
purpose), together with such additional information as may
be required by such Form, and shall update such information
at the time or times and in the manner required by the
Code;
72
(iii) make or cause to be made an election, on behalf of
each of the Upper Tier REMIC and Lower Tier REMIC
established hereunder, to be treated as a REMIC, and make
the appropriate designations, if applicable, in accordance
with Section 2.06 hereof on the federal tax return of the
Trust Fund for its first taxable year (and, if necessary,
under applicable state law);
(iv) prepare and forward, or cause to be prepared and
forwarded, to the Certificateholders and to the Internal
Revenue Service and, if necessary, state tax authorities,
all information returns or reports, or furnish or cause to
be furnished by telephone, mail, publication or other
appropriate method such information, as and when required
to be provided to them in accordance with the REMIC
Provisions, including without limitation, the calculation
of any original issue discount using the Prepayment
Assumption Multiple;
(v) provide information necessary for the computation
of tax imposed on the transfer of a Residual Certificate to
a Disqualified Organization, or an agent (including a
broker, nominee or other middleman) of a Disqualified
Organization, or a pass-through entity in which a
Disqualified Organization is the record holder of an
interest (the reasonable cost of computing and furnishing
such information may be charged to the Person liable for
such tax);
(vi) use its best reasonable efforts to conduct the
affairs of each of the Upper Tier REMIC and the Lower Tier
REMIC established hereunder at all times that any
Certificates are outstanding so as to maintain the status
thereof as a REMIC under the REMIC Provisions;
(vii) not knowingly or intentionally take any action or
omit to take any action that would cause the termination of
the REMIC status of either the Upper Tier REMIC or the
Lower Tier REMIC or that would subject the Trust Fund to
tax, except for taxes for which the Company is required to
indemnify the Lower Tier REMIC pursuant to Section 3.01(c);
(viii) exercise reasonable care not to allow the creation
of any "interests" (A) in the Upper Tier REMIC within the
meaning of section 860D(a)(2) of the Code in addition to
the interests represented by the Classes of Certificates
identified in Section 5.01(b) other than the Class RL
Certificate, and (B) in the Lower Tier REMIC within the
meaning of Section 860D(a)(2) of the Code in addition to
the interests represented by the Lower Tier Interests
identified in Section 2.05(a) and the Class RL Certificate;
73
(ix) exercise reasonable care not to allow the
occurrence of any "prohibited transactions" within the
meaning of section 860F of the Code, unless (1) the Company
shall have provided an Opinion of Counsel to the Trustee
that such occurrence would not (a) result in a taxable
gain, (b) otherwise subject the Trust Fund to tax, or (c)
cause either the Upper Tier REMIC or the Lower Tier REMIC
established hereunder to fail to qualify as a REMIC or (2)
such "prohibited transactions" arise from the modification,
holding or purchase of a Modified Mortgage Loan pursuant to
Section 3.01(c);
(x) exercise reasonable care not to allow the Trust
Fund to receive income from the performance of services or
from assets not permitted under the REMIC Provisions to be
held by a REMIC, except such as may arise from the
modification, holding or purchase of a Modified Mortgage
Loan pursuant to Section 3.01(c);
(xi) pay the amount of any federal or state tax,
including prohibited transaction taxes, taxes on certain
contributions to the Upper Tier REMIC or Lower Tier REMIC
after the Startup Day, and taxes on net income from
foreclosure property, imposed on the Trust Fund when and as
the same shall be due and payable (but such obligation
shall not prevent the Company or any other appropriate
Person from contesting any such tax in appropriate
proceedings and shall not prevent the Company from
withholding payment of such tax, if permitted by law,
pending the outcome of such proceedings);
(xii) ensure that federal, state or local income tax or
information returns shall be signed by the Trustee or such
other person as may be required to sign such returns by the
Code or state or local laws, regulations or rules; and
(xiii) maintain such records relating to each of the
Upper Tier REMIC and the Lower Tier REMIC established
hereunder, including but not limited to the income,
expenses, individual Mortgage Loans (including Mortgaged
Property), other assets and liabilities thereof, and the
fair market value and adjusted basis of the property of
each determined at such intervals as may be required by the
Code, as may be necessary to prepare the foregoing returns,
schedules, statements or information.
The Company shall be entitled to be reimbursed
pursuant to Section 3.04 for any federal income taxes paid by it
pursuant to clause (xi) of the preceding sentence, except to the
extent that such taxes are imposed as a result of the bad faith,
misfeasance or negligence of the Company in the performance of
its obligations hereunder. The Company shall not be entitled to
74
be reimbursed for any taxes paid pursuant to the indemnification
provisions of Section 3.01(c) (except as provided therein). With
respect to any reimbursement of prohibited transaction taxes, the
Company shall inform the Trustee of the circumstances under which
such taxes were incurred.
(b) The Company shall service and administer the
Mortgage Loans and shall have full power and authority, acting
alone or through one or more Primary Servicers, to do any and all
things in connection with such servicing and administration which
it may deem necessary or desirable. Without limiting the
generality of the foregoing, the Company shall continue, and is
hereby authorized and empowered by the Trustee, to execute and
deliver, or file, as appropriate, on behalf of itself, the
Certificateholders and the Trustee or any of them, any and all
continuation statements, termination statements, instruments of
satisfaction or cancellation, or of partial or full release or
discharge and all other comparable instruments, with respect to
the Mortgage Loans and with respect to the properties subject to
the Mortgages. Without limitation of the foregoing, if the
Company in its individual capacity agrees to refinance any
Mortgage Loan upon the request of the related Mortgagor, the
Company, as servicer hereunder, may execute an instrument of
assignment in customary form to the Company in its individual
capacity. In connection with any such refinancing, the Trustee
shall, upon certification of a Servicing Officer to the effect
that an amount equal to the principal balance of the related
Mortgage Loan together with accrued and unpaid interest thereon
at the applicable Net Mortgage Rate to the date of such
certification has been credited to the applicable Mortgage Loan
Payment Record, release the related Mortgage File to the Company
whereupon the Company may cancel the related Mortgage Note. Upon
request by the Company after the execution and delivery of this
Agreement, the Trustee shall furnish the Company with any powers
of attorney and other documents necessary or appropriate to
enable the Company to carry out its servicing and administrative
duties hereunder. The Company shall maintain servicing standards
equivalent to those required for approval by FNMA or FHLMC. The
Company shall not agree to any modification of the material terms
of any Mortgage Loan except as provided in Section 3.01(c), the
second sentence of Section 3.02(a) and in Section 3.07. The
Company shall not release any portion of any Mortgaged Property
from the lien of the related Mortgage unless the related Mortgage
Loan would be a "qualified mortgage" within the meaning of the
REMIC Provisions following such release.
(c) The Company may agree to a modification of any
Mortgage Loan (the "Relevant Mortgage Loan") upon the request of
the related Mortgagor, provided that (i) the modification is in
lieu of a refinancing and the Mortgage Rate on the Relevant
Mortgage Loan, as modified, is approximately a prevailing market
rate for newly-originated mortgage loans having similar terms,
75
(ii) the aggregate of the adjusted bases of all Modified Mortgage
Loans (including the Relevant Mortgage Loan) plus the aggregate
adjusted bases of any assets that are not qualified mortgages or
Permitted Investments under Code Section 860GA that are assets of
the Lower Tier REMIC established hereunder at all times on any
day is less than one percent of the aggregate of the adjusted
bases of all assets of the Lower Tier REMIC (including such
Modified Mortgage Loans) on such day, and (iii) the Company
purchases the Relevant Mortgage Loan from the Trust Fund as
described below. Effective immediately after such modification,
and, in any event, on the same Business Day on which the
modification occurs, all right, title and interest of the Trustee
in and to the Modified Mortgage Loan shall automatically be
deemed transferred and assigned to the Company and all benefits
and burdens of ownership thereof, including without limitation
the right to accrued interest thereon from and including the date
of modification and the risk of default thereon, shall pass to
the Company. To confirm such transfer and assignment, the
Company, as servicer hereunder, as soon as practicable shall
execute an instrument of assignment of the Modified Mortgage Loan
without recourse in customary form to the Company in its
individual capacity. The Company shall promptly deliver to the
Trustee a certification of a Servicing Officer to the effect that
(i) an amount equal to the Purchase Price of such Modified
Mortgage Loan has been credited to the applicable Mortgage Loan
Payment Record on the date of the transfer and assignment of such
Modified Mortgage Loan to the Company and (ii) all requirements
of the first paragraph of this subsection (c) have been satisfied
with respect to such Modified Mortgage Loan.
The Company shall deposit the Purchase Price for any
Modified Mortgage Loan in the Certificate Account pursuant to
Section 3.02(d) on the Business Day prior to the Distribution
Date on which such funds are considered Available Funds,
provided, however, that if the Company is required to deposit
funds in one or more Eligible Accounts on a daily basis pursuant
to Section 3.02(e), the Purchase Price for any Modified Mortgage
Loan shall be deposited therein within one Business Day after the
purchase of such Modified Mortgage Loan. Upon receipt by the
Trustee of written notification of any such deposit signed by a
Servicing Officer, the Trustee shall release to the Company the
related Mortgage File and shall execute and deliver such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary more fully to vest in the Company
any Modified Mortgage Loan previously transferred and assigned
pursuant hereto.
The Company covenants and agrees to indemnify the
Lower Tier REMIC against any and all liability for any
"prohibited transaction" taxes and any related interest,
additions and penalties imposed on the Lower Tier REMIC
established hereunder as a result of any modification of a
76
Mortgage Loan effected pursuant to this subsection (c), any
holding of a Modified Mortgage Loan by the Lower Tier REMIC or
any purchase of a Modified Mortgage Loan by the Company (but such
obligation shall not prevent the Company or any other appropriate
Person from contesting any such tax in appropriate proceedings
and shall not prevent the Company from withholding payment of
such tax, if permitted by law, pending the outcome of such
proceedings). The Company shall have no right of reimbursement
for any amount paid pursuant to the foregoing indemnification,
except to the extent that the amount of any tax, interest and
penalties, together with interest thereon, is refunded to the
Lower Tier REMIC or the Company.
(d) The relationship of the Company (and of any
successor to the Company as servicer under this Agreement) to the
Trustee under this Agreement is intended by the parties to be
that of an independent contractor and not that of a joint
venturer, partner or agent.
(e) All costs incurred by the Company in effecting the
timely payment of taxes and assessments on the properties subject
to the Mortgage Loans shall not, for the purpose of calculating
monthly distributions to Certificateholders, be added to the
amount owing under the related Mortgage Loans, notwithstanding
that the terms of such Mortgage Loans so permit, and such costs
shall be recoverable by the Company to the extent permitted by
Section 3.04. The Company shall collect such amounts from the
Mortgagor and shall credit the applicable Mortgage Loan Payment
Record accordingly.
(f) If the Company enters into a servicing agreement
with any servicer (a "Primary Servicer") pursuant to which such
Primary Servicer shall directly service certain Mortgage Loans
and the Company shall perform master servicing with respect
thereto, the Company shall not be released from its obligations
to the Trustee and Certificateholders with respect to the
servicing and administration of the Mortgage Loans in accordance
with the provisions of Article III hereof and such obligations
shall not be diminished by virtue of any such servicing agreement
or arrangement and the Company shall be obligated to the same
extent and under the same terms and conditions as if the Company
alone were servicing and administering the Mortgage Loans. Any
amounts received by a Primary Servicer in respect of a Mortgage
Loan shall be deemed to have been received by the Company whether
or not actually received by it. Any servicing agreement that may
be entered into and any transactions or services relating to the
Mortgage Loans involving a Primary Servicer in its capacity as
such shall be deemed to be between the Company and the Primary
Servicer alone, and the Trustee and the Certificateholders shall
have no claims, obligations, duties or liabilities with respect
thereto. Notwithstanding the foregoing, in the event the Company
has been removed as the servicer hereunder pursuant to Section
77
6.04 or Section 7.01, the Trustee or any successor servicer
appointed pursuant to Section 7.02 shall succeed to all of the
Company's rights and interests (but not to any obligations or
liabilities of the Company arising prior to the date of
succession) under any servicing agreement with any Primary
Servicer in respect of the Mortgage Loans, subject to the
limitation on the Trustee's responsibilities under Section 7.02.
Section 3.02. Collection of Certain Mortgage Loan
Payments; Mortgage Loan Payment Records; Certificate Account. (a)
The Company shall make reasonable efforts to collect all payments
called for under the terms and provisions of the Mortgage Loans,
and shall, to the extent such procedures shall be consistent with
this Agreement, follow such collection procedures as it follows
with respect to mortgage loans comparable to the Mortgage Loans
in its servicing portfolio. Consistent with the foregoing, the
Company may in its discretion (i) waive any late payment charge
or any assumption fees or other fees which may be collected in
the ordinary course of servicing such Mortgage Loan and (ii) if a
default on the Mortgage Loan has occurred or is reasonably
foreseeable, arrange at any time prior to foreclosure with a
Mortgagor a schedule for the payment of due and unpaid principal
and interest for a period extending not longer than 125 days
after the date that such schedule is arranged. Any arrangement of
the sort described in clause (ii) above shall not affect the
amount or timing of the Company's obligation to make Monthly
Advances with respect to any Mortgage Loan which Monthly Advances
shall be made pursuant to the original amortization schedule
applicable to such Mortgage Loan.
(b) The Company shall establish and maintain a
Mortgage Loan Payment Record for each Mortgage Pool in which the
following payments on and collections in respect of each Mortgage
Loan in such Mortgage Pool shall as promptly as practicable be
credited by the Company for the account of the Holders of the
Certificates:
(i) All payments on account of principal, including
Principal Prepayments (other than (A) payments of principal
due and payable on the Mortgage Loans on or before, and all
Principal Prepayments received before, the Cut-off Date,
(B) in the case of a substitute Mortgage Loan, payments of
principal due and payable on such Mortgage Loan on or
before the Determination Date in the month of substitution,
and all Principal Prepayments received before the first day
of the month of substitution, and (C) in the case of a
replaced Mortgage Loan, payments of principal due and
payable on such Mortgage Loan after the Determination Date
in the month of substitution, and all Principal Prepayments
received in the month of substitution);
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(ii) All payments (other than (A) those due and payable
on or before the Cut-off Date, (B) in the case of a
substitute Mortgage Loan, those due and payable on such
Mortgage Loan on or before the Determination Date in the
month of substitution, and (C) in the case of a replaced
Mortgage Loan, those due and payable on such Mortgage Loan
after the Determination Date in the month of substitution)
on account of interest at the applicable Net Mortgage Rate
on the Mortgage Loan received from the related Mortgagor,
including any Buydown Funds applied with respect to
interest at the applicable Net Mortgage Rate on any Buydown
Mortgage Loan;
(iii) All Liquidation Proceeds received by the Company
with respect to such Mortgage Loan and the Purchase Price
for any Mortgage Loan purchased by the Company pursuant to
Sections 2.02, 2.03, 3.01(c) and 3.16 (including any
amounts received in respect of a substitution of a Mortgage
Loan);
(iv) All Insurance Proceeds (including, for this
purpose, any amounts required to be credited by the Company
pursuant to the last sentence of Section 3.06) received by
the Company in respect of the related Mortgage Pool for the
benefit of the Trust Fund, other than proceeds to be
applied to the restoration or repair of the property
subject to the related Mortgage or released, or to be
released, to the related Mortgagor in accordance with the
normal servicing procedures of the Company; and
(v) All REO Proceeds.
The foregoing requirements respecting credits to each Mortgage
Loan Payment Record are exclusive, it being understood that,
without limiting the generality of the foregoing, the Company
need not enter in either Mortgage Loan Payment Record
collections, Liquidation Proceeds or Insurance Proceeds in
respect of Mortgage Loans which have been previously released
from the terms of this Agreement, amounts representing fees or
late charge penalties payable by Mortgagors, or amounts received
by the Company for the account of Mortgagors for application
towards the payment of taxes, insurance premiums, assessments and
similar items.
(c) Subject to subsection (e) below, until the
Business Day prior to each Distribution Date on which amounts are
required to be deposited in the Certificate Account pursuant to
subsection (d) of this Section 3.02, the Company may retain and
commingle such amounts with its own funds and shall be entitled
to retain for its own account any gain or investment income
thereon, and any such investment income shall not be subject to
any claim of the Trustee or Certificateholders. To the extent
that the Company realizes any net loss on any such investments,
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the Company shall deposit in the Certificate Account an amount
equal to such net loss at the time the Company is required to
deposit amounts in the Certificate Account pursuant to subsection
(d) of this section 3.02. Any such deposit shall not increase the
Company's obligation under said subsection (d).
(d) The Trustee shall establish and maintain with the
Trustee in its corporate trust department a single separate trust
account designated in the name of the Trustee for the benefit of
the Holders of the Certificates issued hereunder (the
"Certificate Account") into which the Company shall deposit, not
later than 11:00 a.m. New York time on the Business Day prior to
each Distribution Date, an amount in next day funds equal to the
Available Funds in respect of each Mortgage Pool for such
Distribution Date. If the Trustee does not receive such deposit
by 2:00 p.m. on such Business Day, it shall give the Company
written notice thereof.
(e) If the Company or a Responsible Officer of the
Trustee obtains actual notice of or knowledge of the occurrence
of either (x) any Trigger Event or (y) the downgrade by S&P of
General Electric Capital Corporation's short-term senior
unsecured debt rating below A-1+, then, notwithstanding
subsection (c) above, the Company shall promptly establish, and
thereafter maintain, one or more Eligible Accounts, in respect of
each Mortgage Pool, in the name of the Trustee and bearing a
designation indicating that amounts therein are held for the
benefit of the Trustee and the related Certificateholders, into
which the Company and any Primary Servicer shall deposit within
two Business Days after receipt, all amounts otherwise required
to be credited to the applicable Mortgage Loan Payment Record
pursuant to Section 3.02(b); provided, however, that such action
shall not be required if the Company delivers to the Trustee a
letter from each Rating Agency to the effect that the failure to
take such action will not cause such Rating Agency to withdraw or
reduce its then current ratings of the Certificates. All amounts
so deposited shall be held in trust for the benefit of
Certificateholders. Amounts so deposited may be invested at the
written instruction of the Company in Permitted Investments in
the name of the Trustee maturing no later than the Business Day
preceding the Distribution Date following the date of such
investment; provided, however, that any such Permitted Investment
which is an obligation of State Street Bank and Trust Company, in
its individual capacity and not in its capacity as Trustee, may
mature on such Distribution Date; and, provided further, that no
such Permitted Investment shall be sold before the maturity
thereof if the sale thereof would result in the realization of
gain prior to maturity unless the Company has obtained an Opinion
of Counsel that such sale or disposition will not cause the Trust
Fund to be subject to the tax on prohibited transactions under
section 860F of the Code, or otherwise subject the Trust Fund to
tax or cause either the Upper Tier REMIC or the Lower Tier REMIC
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established hereunder to fail to qualify as a REMIC. The Trustee
shall maintain physical possession of all Permitted Investments,
other than Permitted Investments maintained in book-entry form.
The Company, as servicer, shall be entitled to retain for its own
account any gain or other income from Permitted Investments, and
neither the Trustee nor Certificateholders shall have any right
or claim with respect to such income. The Company shall deposit
an amount equal to any loss realized on any Permitted Investment
as soon as any such loss is realized. If the provisions in this
subsection (e) become operable, references in this Agreement to
each Mortgage Loan Payment Record and credits and debits to such
Record shall be deemed to refer to the related Eligible Accounts
and deposits to and withdrawals from such Eligible Accounts. Any
action which may be necessary to establish the terms of an
account pursuant to this Section 3.02(e) may be taken by an
amendment or supplement to this Agreement or pursuant to a
written order of the Company, which amendment, supplement or
order shall not require the consent of Certificateholders,
provided that the Company has delivered to the Trustee a letter
from each Rating Agency to the effect that such amendment,
supplement or order will not cause such Rating Agency to withdraw
or reduce its then current ratings of the Certificates.
Section 3.03. Collection of Taxes, Assessments and
Other Items. The Company shall establish and maintain with one or
more depository institutions one or more accounts into which it
shall deposit all collections of taxes, assessments, private
mortgage or hazard insurance premiums or comparable items for the
account of the Mortgagors. As servicer, the Company shall effect
the timely payment of all such items for the account of
Mortgagors. Withdrawals from such account or accounts may be made
only to effect payment of taxes, assessments, private mortgage or
standard hazard insurance premiums or comparable items, to
reimburse the Company out of related collections for any payments
made regarding taxes and assessments or for any payments made
pursuant to Section 3.05 regarding premiums on Primary Insurance
Policies and Section 3.06 regarding premiums on standard hazard
insurance policies, to refund to any Mortgagors any sums
determined to be overages, or to pay interest owed to Mortgagors
to the extent required by law.
Section 3.04. Permitted Debits to the Mortgage Loan
Payment Records. The Company (or any successor servicer pursuant
to Section 7.02) may, from time to time, make debits to each
Mortgage Loan Payment Record for the following purposes (in each
case as to the Mortgage Loans in the related Mortgage Pool):
(i) To reimburse the Company or the applicable Primary
Servicer for Liquidation Expenses theretofore incurred in
respect of any Mortgage Loan in an amount not to exceed the
amount of the related Liquidation Proceeds credited to such
Mortgage Loan Payment Record pursuant to Section
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3.02(b)(iii); provided that the Company or the applicable
Primary Servicer shall not be entitled to reimbursement for
Liquidation Expenses incurred after the initiation of
foreclosure proceedings in respect of any Defaulted
Mortgage Loan that is repurchased pursuant to Section 3.16;
(ii) To reimburse the Company or the applicable Primary
Servicer for Insured Expenses and amounts expended by it
pursuant to Section 3.08 in good faith in connection with
the restoration of property damaged by an Uninsured Cause,
in an amount not to exceed the amount of the related
Insurance Proceeds and Liquidation Proceeds (net of any
debits pursuant to clause (i) above) and amounts
representing proceeds of other insurance policies covering
the property subject to the related Mortgage credited to
such Mortgage Loan Payment Record pursuant to Section
3.02(b) (iii) and (iv);
(iii) To reimburse the Company to the extent permitted
by Sections 3.01(a) and 6.04;
(iv) To pay to the Company amounts received in respect
of any Defective Mortgage Loan, Defaulted Mortgage Loan, or
Modified Mortgage Loan purchased by the Company to the
extent that the distribution of any such amounts on the
Distribution Date upon which the proceeds of such purchase
are distributed would make the total amount distributed in
respect of any such Mortgage Loan on such Distribution Date
greater than the Purchase Price therefor, net of any
unreimbursed Monthly Advances made by the Company;
(v) To reimburse the Company (or the Trustee, as
applicable) for Monthly Advances theretofore made in
respect of any Mortgage Loan to the extent of late
payments, REO Proceeds, Insurance Proceeds and Liquidation
Proceeds in
respect of such Mortgage Loan;
(vi) To reimburse the Company from any Mortgagor
payment of interest or other recovery with respect to a
particular Mortgage Loan, to the extent not previously
retained by the Company, for unpaid Servicing Fees with
respect to such Mortgage Loan, subject to Section 3.08(d);
(vii) To reimburse the Company (or the Trustee, as
applicable) for any Nonrecoverable Advance in respect of
such Mortgage Pool (which right of reimbursement of the
Trustee pursuant to this clause shall be prior to such
right of the Company); and
(viii) To make deposits into the Certificate Account
pursuant to Section 3.02(d).
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The Company shall keep and maintain separate
accounting records, on a Mortgage Loan by Mortgage Loan basis,
for the purpose of accounting for debits to the related Mortgage
Loan Payment Record pursuant to clauses (i), (ii), (iv), (v) and
(vi) of this Section 3.04; provided, however, that it is
understood and agreed that the records of such accounting need
not be retained by the Company for a period longer than the five
most recent fiscal years.
Section 3.05. Maintenance of the Primary Insurance
Policies. (a) The Company shall not take any action which would
result in non-coverage under any applicable Primary Insurance
Policy of any loss which, but for the actions of the Company,
would have been covered thereunder. To the extent coverage is
available, the Company shall keep or cause to be kept in full
force and effect each such Primary Insurance Policy until the
principal balance of the related Mortgage Note is 80% or less of
the greater of (i) the related Original Value and (ii) the then
current value of the property underlying the related Mortgage
Note as evidenced by an appraisal thereof satisfactory to the
Company. The Company shall not cancel or refuse to renew any such
Primary Insurance Policy applicable to a Mortgage Loan that is in
effect at the Closing Date and is required to be kept in force
hereunder unless the replacement Primary Insurance Policy for
such canceled or non-renewed policy is maintained with an insurer
whose claims-paying ability is acceptable to each Rating Agency
for mortgage pass-through certificates having ratings equal to or
better than the ratings then assigned to the Certificates by such
Rating Agency. The Company agrees to effect the timely payment of
the premium on each Primary Insurance Policy, and such costs not
otherwise recoverable shall be recoverable by the Company from
related Insurance Proceeds and Liquidation Proceeds pursuant to
Section 3.04.
(b) In connection with its activities as administrator
and servicer of the Mortgage Loans, the Company agrees to
present, on behalf of itself, the Trustee and the
Certificateholders, claims to the insurer under each Primary
Insurance Policy and, in this regard, to take such reasonable
action as shall be necessary to permit recovery under any Primary
Insurance Policy respecting a related defaulted Mortgage Loan. To
the extent provided in Section 3.02(b), any amounts collected by
the Company under any Primary Insurance Policy in respect of the
Mortgage Loans (including, without limitation, a Mortgage Loan
purchased by a related insurer) shall be credited to the
applicable Mortgage Loan Payment Record.
Section 3.06. Maintenance of Hazard Insurance. The
Company shall cause to be maintained for each Mortgage Loan
hazard insurance with a standard mortgagee clause and with
extended coverage in an amount which is at least equal to the
maximum insurable value of the improvements securing such
83
Mortgage Loan from time to time or the principal balance owing on
such Mortgage Loan from time to time, whichever is less. The
Company shall also maintain on property acquired upon
foreclosure, or by deed in lieu of foreclosure, hazard insurance
with extended coverage in an amount which is at least equal to
the lesser of (i) the maximum insurable value from time to time
of the improvements which are a part of such property or (ii) the
unpaid principal balance of such Mortgage Loan at the time of
such foreclosure or deed in lieu of foreclosure plus accrued
interest and the good-faith estimate of the Company of related
Liquidation Expenses to be incurred in connection therewith. To
the extent provided in Section 3.02(b)(iv), amounts collected by
the Company under any such policies in respect of the Mortgage
Loans shall be credited to the applicable Mortgage Loan Payment
Record. Such costs shall be recoverable by the Company pursuant
to Sections 3.03 and 3.04. In cases in which property securing
any Mortgage Loan is located in a federally designated flood
area, the hazard insurance to be maintained for such Mortgage
Loan shall include flood insurance. All such flood insurance
shall be in such amounts as are required under applicable
guidelines of FNMA. The Company shall be under no obligation to
require that any Mortgagor maintain earthquake or other
additional insurance and shall be under no obligation itself to
maintain any such additional insurance on property acquired in
respect of a Mortgage Loan, other than pursuant to such
applicable laws and regulations as shall at any time be in force
and as shall require such additional insurance. If the Company
shall obtain and maintain a blanket policy insuring against
hazard losses on all of the Mortgage Loans, it shall conclusively
be deemed to have satisfied its obligations as set forth in the
first sentence of this Section 3.06, it being understood and
agreed that such policy may contain a deductible clause, in which
case the Company shall, in the event that there shall not have
been maintained on the related Mortgaged Property a policy
complying with the first sentence of this Section 3.06, and there
shall have been a loss which would have been covered by such
policy, credit to the applicable Mortgage Loan Payment Record the
amount not otherwise payable under the blanket policy because of
such deductible clause.
Section 3.07. Assumption and Modification Agreements.
(a) In any case in which property subject to a Mortgage has been
or is about to be conveyed by the Mortgagor, the Company shall
exercise its right to accelerate the maturity of such Mortgage
Loan under any "due-on-sale" clause applicable thereto, unless in
the reasonable discretion of the Company, such exercise would
adversely affect or jeopardize coverage under the related Primary
Insurance Policy, if any; provided, however, that if the Company
is prevented, as provided in Section 3.07(b), from enforcing any
such clause, the Company is authorized to make or enter into an
assumption and modification agreement from or with the Person to
whom such property has been or is about to be conveyed, pursuant
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to which such Person becomes liable under the Mortgage Note and
the Mortgagor remains liable thereon. In connection with any such
assumption and modification agreement, the Company shall apply
its then current underwriting standards to such Person. The
Company shall not make or enter into any such assumption and
modification agreement, however, unless (to the extent
practicable in the circumstances) it shall have received
confirmation of the continued effectiveness of any applicable
Primary Insurance Policy and hazard insurance policy. The Company
shall notify the Trustee that any assumption and modification
agreement has been completed by forwarding to the Trustee the
original copy thereof, which copy shall be added by the Trustee
to the related Mortgage File and shall, for all purposes, be
considered a part of such Mortgage File to the same extent as all
other documents and instruments constituting a part thereof. In
connection with any such agreement, the Mortgage Rate, mortgage
term and any other material term of such Mortgage Loan shall not
be changed. Any fee collected by the Company for entering into
any such agreement will be retained by the Company as additional
servicing compensation.
(b) Notwithstanding Section 3.07(a) or any other
provision of this Agreement, the Company shall not be deemed to
be in default, breach or any other violation of its obligations
hereunder by reason of any assumption of a Mortgage Loan, or
transfer of the property subject to a Mortgage without the
assumption thereof, by operation of law or any assumption or
transfer which the Company reasonably believes it may be
restricted by law from preventing, for any reason whatsoever.
Section 3.08. Realization Upon Defaulted Mortgage
Loans. (a) The Company shall foreclose upon or otherwise
comparably convert the ownership of properties securing such of
the Mortgage Loans as come into and continue in default and as to
which no satisfactory arrangements can be made for collection of
delinquent payments pursuant to Section 3.02. In connection with
such foreclosure or other conversion the Company shall,
consistent with Section 3.05, follow such practices and
procedures as it shall deem necessary or advisable and as shall
be normal and usual in its general mortgage servicing activities.
The foregoing is subject to the proviso that the Company shall
not be required to expend its own funds in connection with any
foreclosure or towards the restoration of any property unless it
shall determine (i) that such restoration or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to
Certificateholders of the related Certificate Group after
reimbursement to itself for such expenses and (ii) that such
expenses will be recoverable to it either through Liquidation
Proceeds or Insurance Proceeds. Notwithstanding the foregoing,
the Company shall not be entitled to recover legal expenses
incurred in connection with foreclosure proceedings where the
Mortgage Loan is reinstated and such foreclosure proceedings are
85
terminated prior to completion, other than sums received from the
Mortgagor for such expenses.
Notwithstanding anything to the contrary contained
herein, the Company shall be under no obligation to foreclose
upon or otherwise convert the ownership of any Mortgaged Property
which it believes may be contaminated with or affected by
hazardous or toxic wastes, materials or substances. The Company
may, but shall not be obligated to, make such determination on
the basis of a Phase I environmental assessment with respect to
the related Mortgaged Property. Neither the Trustee nor the
Company shall be liable to the Trust Fund or the
Certificateholders if, based on the Company's belief that such
contamination or effect exists, the Company does not foreclose
upon or otherwise convert the ownership of a Mortgaged Property.
In addition, neither the Trustee nor the Company shall be liable
to the Trust Fund or the Certificateholders if, based on the
Company's belief that no such contamination or effect exists, the
Company forecloses upon a Mortgaged Property and the Trustee or
its nominee on behalf of the Trust Fund takes title to such
Mortgaged Property, and thereafter such Mortgaged Property is
determined to be so contaminated or affected.
(b) In the event that title to any Mortgaged Property
is acquired in foreclosure or by deed in lieu of foreclosure, the
deed or certificate of sale shall be issued to the Trustee, or to
its nominee on behalf of the Trust Fund. Notwithstanding any such
acquisition of title and cancellation of the related Mortgage
Loan, such Mortgage Loan shall (except for purposes of Section
9.01) be considered to be an Outstanding Mortgage Loan until such
time as the Mortgaged Property shall be sold and such Mortgage
Loan becomes a Liquidated Mortgage Loan. Consistent with the
foregoing, for purposes of all calculations hereunder so long as
such Mortgage Loan shall be considered to be an Outstanding
Mortgage Loan, it shall be assumed that the related Mortgage Note
and its amortization schedule in effect on and after such
acquisition of title (after giving effect to any previous
Principal Prepayments and Deficient Valuations incurred
subsequent to the related Bankruptcy Coverage Termination Date
and before any adjustment thereto by reason of any bankruptcy
(other than as aforesaid) or any similar proceeding or any
moratorium or similar waiver or grace period) remain in effect
(notwithstanding that the indebtedness evidenced by such Mortgage
Note shall have been discharged), subject to adjustment to
reflect the application of REO Proceeds received in any month.
REO Proceeds received in any month shall be applied to the
payment of the installments of principal due and interest accrued
on the related REO Mortgage Loan in accordance with the terms of
such Mortgage Note. REO Proceeds received in any month in excess
of the Amortization Payment for such month due on an REO Mortgage
Loan shall be treated as a Principal Prepayment received in
respect of such Mortgage Loan.
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(c) In the event that the Trust Fund acquires any
Mortgaged Property as aforesaid or otherwise in connection with a
default or imminent default on a Mortgage Loan, the Company shall
dispose of such Mortgaged Property prior to two years after its
acquisition by the Trust Fund unless (a) the Trustee shall have
been supplied with an Opinion of Counsel to the effect that the
holding by the Trust Fund of such Mortgaged Property subsequent
to such two-year period (and specifying the period beyond such
two-year period for which the Mortgaged Property may be held)
will not result in the imposition of taxes on "prohibited
transactions" of the Trust Fund as defined in section 860F of the
Code, or cause either the Upper Tier REMIC or the Lower Tier
REMIC established hereunder to fail to qualify as a REMIC at any
time that any Certificates are outstanding, in which case the
Trust Fund may continue to hold such Mortgaged Property (subject
to any conditions contained in such Opinion of Counsel), or (b)
the Trustee (at the Company's expense) or the Company shall have
applied for, not later than 61 days prior to the expiration of
such two-year period, an extension of such two-year period in the
manner contemplated by section 856(e)(3) of the Code, in which
case the two-year period shall be extended by the applicable
period. Notwithstanding any other provision of this Agreement, no
Mortgaged Property acquired by the Trust Fund shall be rented (or
allowed to continue to be rented) or otherwise used for the
production of income by or on behalf of the Trust Fund or sold in
such a manner or pursuant to any terms that would (i) cause such
Mortgaged Property to fail to qualify at any time as "foreclosure
property" within the meaning of section 860G(a)(8) of the Code,
(ii) subject the Trust Fund to the imposition of any federal or
state income taxes on "net income from foreclosure property" with
respect to such Mortgaged Property within the meaning of section
860G(c) of the Code, or (iii) cause the sale of such Mortgaged
Property to result in the receipt by the Trust Fund of any income
from non-permitted assets as described in section 860F(a)(2)(B)
of the Code, unless the Company has agreed to indemnify and hold
harmless the Trust Fund with respect to the imposition of any
such taxes.
(d) Any collection of Insurance Proceeds or
Liquidation Proceeds will be applied in the following order of
priority: first, to reimburse the Company for any related
unreimbursed Liquidation Expenses and to reimburse the Company or
the Trustee, as applicable, for any related unreimbursed Monthly
Advances; second, to accrued and unpaid interest on the Mortgage
Loan at the Mortgage Rate from the date to which interest was
last paid or advanced to the Due Date prior to the Distribution
Date on which such amounts are to be distributed; and third, as a
recovery of principal of the Mortgage Loan. If the amount so
allocated to interest is less than the full amount of accrued and
unpaid interest due on such Mortgage Loan, the amount of such
recovery will be allocated between the Servicing Fee and interest
at the Net Mortgage Rate in proportion to the amount of such
87
accrued interest which would have been allocated to each such
category in the absence of any shortfall.
(e) Notwithstanding anything to the contrary contained
herein, the Company shall have the right to enter into an
agreement substantially in the form of Exhibit K hereto with any
Person that is the Holder of 100% of the Class 1-B5 Certificates
or the Class 2-B5 Certificates (provided that such form may be
revised to delete the option on the part of such Person to
purchase a defaulted Mortgage Loan as set forth in Section
2.02(f) thereof). Prior to entering into any such agreement with
any Person, the Company shall obtain a certification from such
Person to the effect that (i) such Person is not an "affiliate"
(within the meaning of the Prohibited Transaction Exemption) of
the Trustee and (ii) such Person will not purchase any
Certificates if such purchase would cause such Person to hold
more than a ten percent interest in the related Mortgage Pool, or
in the Trust Fund. It is understood that the right of the Company
to be reimbursed for Monthly Advances and Nonrecoverable Advances
under this Agreement shall not be affected in any way by the
provisions of any such agreement. The Trustee hereby agrees to
perform such obligations as may be expressly required of it
pursuant to the provisions of such agreement and to promptly
notify each party to such agreement if a Responsible Officer of
the Trustee (with direct responsibility for administration of
this Agreement) becomes aware of any discussions, plans or events
that might lead to the Trustee's becoming an "affiliate" (within
the meaning of the Prohibited Transaction Exemption) of any
Person with which the Company has entered into such agreement,
provided that the contents of any such notification shall be kept
confidential by the parties to such agreement. The Company agrees
to promptly notify the Trustee upon entering into any such
agreement. In addition, the Company shall provide the Trustee
with such information as may be necessary for the Trustee to
perform its obligations thereunder, including written
instructions, clearly identifying the source, amount and
application of funds to be deposited or withdrawn from the
Collateral Fund (as defined in such agreement). The Trustee shall
provide the Company with such information concerning credits and
debits to the Collateral Fund on account of income, gains and
losses realized from Collateral Fund Permitted Investments (as
defined in such agreement), and costs associated with the
purchase and sale thereof, as the Company may request in order to
prepare the instructions described in the preceding sentence.
In addition, subject to the provisions of the
preceding paragraph, the Company shall have the right to enter into
an agreement substantially in the form of Exhibit K hereto with
any Person that is the Holder of 100% of the Class 1-B4 Certificates
or the Class 2-B4 Certificates, provided that (i) such Person
is also the Holder of 100% of the Class B5 Certificates of the
88
related Certificate Group, (ii) such Person shall have no rights
under such agreement until the date on which the Class
Certificate Principal Balance of the Class B5 Certificates of the
related Certificate Group has been reduced to zero, and (iii) any
rights of such Person under such Agreement shall terminate in the
event that such Person transfers, directly or indirectly, the
Class B4 Certificates of such Certificate Group to any other
Person.
Section 3.09. Trustee to Cooperate; Release of
Mortgage Files. Upon the payment in full of any Mortgage Loan,
the Company will immediately notify the Trustee by a
certification (which certification shall include a statement to
the effect that all amounts received in connection with such
payment which are required to be credited to the applicable
Mortgage Loan Payment Record pursuant to Section 3.02 have been
so credited) of a Servicing Officer and shall request delivery to
it of the Mortgage File. If a Buydown Mortgage Loan is the
subject of a Principal Prepayment in full during the related
Buydown Period, the related Buydown Funds will be applied or
returned to the Person entitled thereto in accordance with the
terms of such Buydown Mortgage Loan. Upon receipt of such
certification and request in form satisfactory to the Trustee,
the Trustee shall promptly, but in any event within five Business
Days, release the related Mortgage File to the Company; provided,
that the Trustee shall not be responsible for any delay in the
release of a Mortgage File resulting from acts beyond its
control, including without limitation, acts of God, strikes,
lockouts, riots, acts of war or terrorism, epidemics,
nationalization, governmental regulations imposed after the fact,
fire, communication line failures, computer viruses, power
failures, earthquakes or other disasters. Upon any such payment
in full, the Company is authorized to execute, pursuant to the
authorization contained in Section 3.01, an instrument of
satisfaction regarding such Mortgage, which instrument of
satisfaction shall be recorded by the Company if required by
applicable law and be delivered to the Person entitled thereto,
it being understood and agreed that no expenses incurred in
connection with such instrument of satisfaction shall be
reimbursed from amounts at the time credited to the applicable
Mortgage Loan Payment Record. From time to time and as
appropriate for the servicing or foreclosure of any Mortgage Loan
(including, without limitation, collection under any Primary
Insurance Policy), the Trustee shall, upon request of the Company
and delivery to the Trustee of a receipt signed by a Servicing
Officer, release the related Mortgage File to the Company and
shall execute such documents as shall be necessary to the
prosecution of any such proceedings. Such receipt shall obligate
the Company to return the Mortgage File to the Trustee when the
need therefor by the Company no longer exists unless the Mortgage
Loan shall be liquidated, in which case, upon receipt of a
certificate of a Servicing Officer similar to that hereinabove
89
specified, the receipt shall be released by the Trustee to the
Company.
Section 3.10. Servicing Compensation; Payment of
Certain Expenses by the Company. (a) As compensation for its
activities and obligations hereunder, the Company shall be
entitled to withhold and pay to itself out of each payment
received by it on account of interest on each Mortgage Loan
(including the portion of any Buydown Funds applied to the
related Buydown Mortgage Loan for the applicable period) an
amount equal to the Servicing Fee. The aggregate of the Servicing
Fees payable to the Company on any Distribution Date in respect
of the Mortgage Loans in a Mortgage Pool shall be reduced by the
amount of any Compensating Interest Payment in respect of such
Mortgage Pool for such Distribution Date. Additional servicing
compensation in the form of Prepayment Interest Excess,
assumption fees, modification fees, late payment charges,
interest income or gain with respect to amounts deposited in the
Certificate Account and invested by the Company or otherwise
shall be retained by the Company, subject to Section 3.10(b), if
applicable. The Company shall be required to pay all expenses
incurred by it in connection with its activities hereunder
(including payment of Trustee fees and all other fees and
expenses not expressly stated hereunder to be for the account of
the Certificateholders) and shall not be entitled to
reimbursement therefor except as provided in Sections 3.01, 3.03,
3.04 and 3.08.
(b) The Company may, as a condition to granting any
request by a Mortgagor for any consent, modification, waiver or
amendment or any other matter or thing, the granting of which is
in the Company's discretion pursuant to the terms of the
instruments evidencing or securing the related Mortgage Loan and
is permitted by other sections of this Agreement, require (to the
extent permitted by applicable law) that such Mortgagor pay to it
a reasonable or customary fee in accordance with the schedule set
forth as Exhibit H (which may be amended from time to time by
provision of a revised schedule of such fees to the Trustee,
whereupon such revised schedule shall be deemed to be Exhibit H
hereunder) for the additional services performed in connection
with such request, together with any related costs and expenses
incurred by it. Such fees shall be additional servicing
compensation to the Company.
Section 3.11. Reports to the Trustee; Certificate
Account Statements. Not later than 15 days after each
Distribution Date, the Company shall forward to the Trustee a
statement, certified by a Servicing Officer, setting forth the
status of each Mortgage Loan Payment Record as of the close of
business on such Distribution Date and showing, for the period
covered by such statement, the aggregate of credits to each
Mortgage Loan Payment Record for each category of credit
90
specified in Section 3.02 and each category of debit specified in
Section 3.04.
Section 3.12. Annual Statement as to Compliance. The
Company will deliver to the Trustee, on or before March 31 of
each year, beginning with March 31, 1998, an Officer's
Certificate stating that (a) a review of the activities of the
Company during the preceding calendar year and of its performance
under this Agreement has been made under such Officer's
supervision and (b) to the best of such Officer's knowledge,
based on such review, the Company has fulfilled all its material
obligations under this Agreement throughout such year, or, if
there has been a default in the fulfillment of any such
obligation, specifying each such default known to such Officer
and the nature and status thereof.
Section 3.13. Annual Independent Public Accountants'
Servicing Report. On or before March 31 of each year, beginning
with March 31, 1998, the Company at its expense shall cause a
firm of independent public accountants (who may also render other
services to the Company) to furnish a report to the Trustee to
the effect that such firm has examined certain documents and
records relating to the servicing of mortgage loans under pooling
and servicing agreements (including this Agreement) substantially
similar to this Agreement (which agreements shall be described in
a schedule to such statement), and that such examination, which
has been conducted substantially in compliance with the Uniform
Single Attestation Program for Mortgage Bankers has disclosed no
items of noncompliance with the provisions of this Agreement
which, in the opinion of such firm, are material, except for such
items of noncompliance as shall be set forth in such report. For
purposes of such report, such firm may conclusively presume that
any pooling and servicing agreement which governs certificates
offered under a common registration statement under the
Securities Act of 1933 with the Certificates is similar to this
Agreement, unless such other pooling and servicing agreement
expressly states otherwise. In rendering such report, such firm
may rely, as to matters relating to direct servicing of Mortgage
Loans by any Primary Servicer, upon comparable reports of
independent public accountants with respect to such Primary
Servicer.
Section 3.14. Access to Certain Documentation and
Information Regarding the Mortgage Loans. To the extent permitted
by applicable law, the Company shall provide to the Trustee,
Certificateholders which are regulated insurance entities and the
applicable insurance regulatory agencies thereof,
Certificateholders which are federally insured savings and loan
associations, the Office of Thrift Supervision, the FDIC and the
supervisory agents and examiners thereof access to the
documentation regarding the Mortgage Loans required by applicable
regulations of the Office of Thrift Supervision or of such
91
insurance regulatory agencies, as the case may be, such access
being afforded without charge but only upon reasonable request
and during normal business hours at the offices of the Company.
Nothing in this Section 3.14 shall derogate from the obligation
of the Company to observe any applicable law prohibiting
disclosure of information regarding the Mortgagors and the
failure of the Company to provide access as provided in this
Section 3.14 as a result of such obligation shall not constitute
a breach of this Section 3.14.
Section 3.15. Maintenance of Certain Servicing
Policies. The Company shall during the term of its service as
servicer maintain in force (i) a policy or policies of insurance
covering errors and omissions in the performance of its
obligations as servicer hereunder and (ii) a fidelity bond in
respect of its officers, employees or agents. Each such policy or
policies and bond shall, together, comply with the requirements
from time to time of FNMA for persons performing servicing for
mortgage loans purchased by such association.
Section 3.16. Optional Purchase of Defaulted Mortgage
Loans. The Company shall have the right, but not the obligation,
to purchase any Defaulted Mortgage Loan for a price equal to the
Purchase Price therefor. Any such purchase shall be accomplished
as provided in Section 4.04(a) hereof.
ARTICLE IV
PAYMENTS AND STATEMENTS
Section 4.01. Distributions. (a) On each Distribution
Date, the Trustee shall withdraw the Available Funds in respect
of Pool 1 from the Certificate Account and shall make
distributions to Holders of the Pool 1 Certificates as of the
preceding Record Date in the following order of priority, to the
extent of the remaining Available Funds in respect of Pool 1:
(i) to each Class of Pool 1 Senior Certificates (other
than any Class of Principal Only Certificates) and the
Class 1-S Certificates, the Accrued Certificate Interest
thereon for such Distribution Date; provided, however, that
the portion of Accrued Certificate Interest on the Class
1-A7 Certificates attributable to the Class 1-A7B Component
for such Distribution Date shall be applied in the manner
provided in Section 4.01(f); and provided, further, that
any shortfall in available amounts shall be allocated among
such Classes (and, in the case of the Class 1-A7
Certificates, among its Components) in proportion to the
amount of Accrued Certificate Interest that would otherwise
be distributable thereon or added to the Certificate
Principal Balance (or Component Principal Balance) thereof;
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(ii) to each Class of Pool 1 Senior Certificates (other
than any Class of Principal Only Certificates) and the
Class 1-S Certificates, any related Unpaid Class Interest
Shortfall for such Distribution Date; provided, however,
that the portion of any Unpaid Class Interest Shortfall for
the Class 1-A7 Certificates attributable to the Class 1-A7B
Component for such Distribution Date shall be applied in
the manner provided in Section 4.01(f); and provided,
further, that any shortfall in available amounts shall be
allocated among such Classes (and, in the case of the Class
1-A7 Certificates, among its Components) in proportion to
the Unpaid Class Interest Shortfall for each such Class (or
Component) on such Distribution Date;
(iii) to the Classes of Pool 1 Senior Certificates, in
reduction of the Class Certificate Principal Balances
thereof, concurrently as follows:
(A) to the Pool 1 Group I Senior Certificates,
the Pool 1 Group I Senior Optimal Principal Amount for
such Distribution Date, in the following order of
priority:
(I) concurrently, to the Class R and Class
RL Certificates, pro rata in proportion to their
respective Class Certificate Principal Balances,
until the Class Certificate Principal Balance of
each such Class has been reduced to zero;
(II) concurrently, to the Pool 1 Group I
Senior Certificates other than the Class R and
Class RL Certificates, as follows:
(a) to the Class 1-A1, Class 1-A2,
Class 1-A3, Class 1-A4, Class 1-A5, Class 1-
A6, Class 1-A7, Class 1-A8, Class 1-A9,
Class 1-A10 and Class 1-A15 Certificates, as
a group, 91.37449178172% of the remaining
Pool 1 Group I Senior Optimal Principal
Amount, in the following order of priority:
first, concurrently, to the Class 1-A1
and Class 1-A5 Certificates (in the
latter case, in respect of the Class 1-
A5A Component), pro rata in proportion
to the Class Certificate Principal
Balance of such Class and the Component
Principal Balance of such Component, up
to the amount necessary to reduce the
Class Certificate Principal Balance of
such Class and the Component Principal
Balance of such Component to their
93
respective PAC Balances for such
Distribution Date;
second, to the Class 1-A2 Certificates,
up to the amount necessary to reduce
the Certificate Principal Balance of
such Class to its PAC Balance for such
Distribution Date;
third, to the Class 1-A3 Certificates,
up to the amount necessary to reduce
the Certificate Principal Balance of
such Class to its PAC Balance for such
Distribution Date;
fourth, to the Class 1-A4 Certificates,
up to the amount necessary to reduce
the Certificate Principal Balance of
such Class to its PAC Balance for such
Distribution Date;
fifth, concurrently, to the Class 1-A6
Certificates, the Class 1-A5
Certificates (in respect of the Class
1- A5B Component) and the Class 1-A7
Certificates (in respect of the Class
1- A7A Component), pro rata in
proportion to the Class Certificate
Principal Balance of such Class and the
respective Component Principal Balances
of such Components, up to the amount
necessary to reduce the Class
Certificate Principal Balance of such
Class and the Component Principal
Balances of each such Component to its
respective TAC Balance for such
Distribution Date;
sixth, to the Class 1-A7 Certificates
(in respect of the Class-A7B
Component), up to the amount necessary
to reduce the Component Principal
Balance of such Class to its TAC
Balance for such
Distribution Date;
seventh, concurrently, to the Class 1-
A8, Class 1-A9, Class 1-A10 and Class
1- A15 Certificates, as follows, until
the Class Certificate Principal Balance
of the Class 1-A15 Certificates has
been reduced to zero:
94
(A) concurrently, to the Class 1-
A8 and Class 1-A9 Certificates,
pro rata in proportion to the
respective Class Certificate
Principal Balances of such
Classes, 32.7959172408% of the
remainder of the amount referred
to in clause
4.01(a)(iii)(A)(II)(a) above;
(B) to the Class 1-A10
Certificates, 18.0272613091% of the
remainder of the amount referred to
in clause 4.01(a)(iii)(A)(II)(a)
above; and
(C) to the Class 1-A15
Certificates, 49.1766214501% of the
remainder of the amount referred to
in clause 4.01(a)(iii)(A)(II)(a)
above;
eighth, concurrently to the Class 1-A8,
Class 1-A9 and Class 1-A10
Certificates, pro rata in proportion to
the Class Certificate Principal
Balances of such Classes, until the
Class Certificate Principal Balance of
each such Class has been reduced to
zero;
ninth, concurrently, to the Class 1-A6
Certificates, the Class 1-A5
Certificates (in respect of the Class
1- A5B Component) and the Class 1-A7
Certificates (in respect of the Class
1- A7A Component), pro rata in
proportion to the Class Certificate
Principal Balance of such Class and the
respective Component Principal Balances
of such Components, without regard to
their respective TAC Balances, until
the Class Certificate Principal Balance
of such Class and the Component
Principal Balance of each such
Component has been reduced to zero;
tenth, to the Class 1-A4 Certificates,
without regard to their PAC Balance,
until the Class Certificate Principal
Balance of such Class has been reduced
to zero;
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eleventh, to the Class 1-A7
Certificates (in respect of the Class
1- A7B Component), without regard to
the TAC Balance of the Class 1-A7B
Component, until the Component
Principal Balance of such Component has
been reduced to zero;
twelfth, concurrently, to the Class 1-
A1 and Class 1-A5 Certificates (in the
latter case, in respect of the Class 1-
A5A Component), pro rata in proportion
to the Class Certificate Principal
Balance of such Class and the Component
Principal Balance of such Component,
without regard to the PAC Balance of
such Class or the PAC Balance of such
Class 1-A5A Component, until the Class
Certificate Principal Balance of such
Class and the Component Principal
Balance of such Component have each
been reduced to zero;
thirteenth, to the Class 1-A2
Certificates, without regard to their
PAC Balance, until the Class
Certificate Principal Balance of such
Class has been reduced to zero; and
fourteenth to the Class 1-A3
Certificates, without regard to their
PAC Balance, until the Class
Certificate Principal Balance of such
Class has been reduced to zero;
(b) to the Class 1-A11, Class 1-A12,
Class 1-A13 and Class 1-A14 Certificates, as
a group, 8.62550821828% of the remaining
Pool 1 Group I Senior Optimal Principal
Amount, in the following order of priority:
first, to the Class 1-A11 Certificates,
until the Class Certificate Principal
Balance thereof has been reduced to
zero;
second, to the Class 1-A12 Certificates,
until the Class Certificate Principal
Balance thereof has been reduced to
zero; and
96
third, concurrently, to the Class 1-A13
and Class 1-A14 Certificates, pro rata
in proportion to their respective
Certificate Principal Balances, until
the Class Certificate Principal Balance
of each such Class has been reduced to
zero;
(B) concurrently, to the Class 1-A16 and Class 1-
A17 Certificates, the Pool 1 Group II Senior Optimal
Principal Amount for such Distribution Date, pro rata
in proportion to their respective Class Certificate
Principal Balances, until the Class Certificate
Principal Balance of each such Class has been reduced
to zero; and
(C) to the Class 1-PO Certificates, the Class 1-
PO Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof has been reduced to zero;
(iv) to the Class 1-PO Certificates, any Class 1-PO
Deferred Amount for such Distribution Date, up to an amount
not to exceed the Pool 1 Junior Optimal Principal Amount
for such Distribution Date, until the Class Certificate
Principal Balance of such Class has been reduced to zero;
provided, that any such amounts distributed to the Class 1-
PO Certificates pursuant to this clause (iv) shall not
reduce the Class Certificate Principal Balance thereof;
(v) to the Class 1-M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class 1-M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class 1-M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Pool 1 Junior Optimal Principal
Amount on such Distribution Date;
(viii) to the Class 1-B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class 1-B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class 1-B1 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Pool 1 Junior Optimal
Principal Amount on such Distribution Date;
97
(xi) to the Class 1-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xii) to the Class 1-B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class 1-B2 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Pool 1 Junior Optimal
Principal Amount on such Distribution Date;
(xiv) to the Class 1-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class 1-B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class 1-B3 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Pool 1 Junior Optimal
Principal Amount on such Distribution Date;
(xvii) to the Class 1-B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class 1-B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class 1-B4 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Pool 1 Junior Optimal
Principal Amount on such Distribution Date;
(xx) to the Class 1-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class 1-B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class 1-B5 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Pool 1 Junior Optimal
Principal Amount on such Distribution Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
98
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
If, on any Distribution Date, after distributions have been
made pursuant to clauses (i) and (ii) above, the remaining
Available Funds in respect of Pool 1 are insufficient to make the
full amount of distributions required to be made pursuant to
clause (iii) above, (1) the amount distributable to the Class 1-
PO Certificates pursuant to clause (iii)(C) shall be equal to the
product of (x) the remaining Available Funds in respect of Pool 1
and (y) the fraction, expressed as a percentage, the numerator of
which is the PO Principal Distribution Amount for such
Distribution Date and the denominator of which is the sum of such
PO Principal Distribution Amount and the related Senior Optimal
Principal Amount for such Distribution Date; (2) the amount
distributable to the Senior Certificates other than the Class 1-
PO Certificates pursuant to clauses (iii)(A) and (B) shall be
equal to the product of (x) the remaining Available Funds in
respect of Pool 1 and (y) the fraction, expressed as a
percentage, the numerator of which is the Senior Optimal
Principal Amount for such Distribution Date and the denominator
of which is the sum of the Senior Optimal Principal Amount and
the PO Principal Distribution Amount for such Distribution Date;
and (3) the amounts distributable to the Pool 1 Group I Senior
Certificates pursuant to clause (iii)(A) and to the Pool 1 Group
II Senior Certificates pursuant to clause (iii)(B), respectively,
shall be equal to the product of (x) the amount determined
pursuant to clause (2) above and (y) a fraction, expressed as a
percentage, the numerator of which is the Pool 1 Group I Senior
Optimal Principal Amount, in the case of the Pool 1 Group I
Senior Certificates, or the Pool 1 Group II Senior Optimal
Principal Amount, in the case of the Pool 1 Group II Senior
Certificates, and the denominator of which is the Senior Optimal
Principal Amount for such Distribution Date.
(b) On each Distribution Date, the Trustee shall
withdraw the Available Funds in respect of Pool 2 from the
Certificate Account and shall make distributions to Holders of
the Pool 2 Certificates as of the preceding Record Date in the
following order of priority, to the extent of the remaining
Available Funds in respect of Pool 2:
(i) to each Class of Pool 2 Senior Certificates (other
than any Class of Principal Only Certificates) and the
Class 2-S Certificates, the Accrued Certificate Interest
thereon for such Distribution Date; provided, however, that
any shortfall in available amounts shall be allocated among
such Classes in proportion to the amount of Accrued
Certificate Interest that would otherwise be distributable
thereon;
99
(ii) to each Class of Pool 2 Senior Certificates (other
than any Class of Principal Only Certificates) and the
Class 2-S Certificates, any related Unpaid Class Interest
Shortfall for such Distribution Date; provided, however,
that any shortfall in available amounts shall be allocated
among such Classes in proportion to the Unpaid Class
Interest Shortfall for each such Class on such Distribution
Date;
(iii) to the Classes of Pool 2 Senior Certificates
(other than the Class 2-A4 Certificates), in reduction of
the Class Certificate Principal Balances thereof,
concurrently as follows:
(A) to the Pool 2 Group I Senior Certificates,
the Pool 2 Group I Senior Optimal Principal Amount for
such Distribution Date, in the following order of
priority:
first, to the Class 2-A1 Certificates, up to
the amount necessary to reduce the Class
Certificate Principal Balance of such Class to
its PAC Balance for such Distribution Date;
second, to the Class 2-A2 Certificates, up
to the amount necessary to reduce the Class
Certificate Principal Balance of such Class to
its PAC Balance for such Distribution Date;
third, to the Class 2-A3 Certificates, up to
the amount necessary to reduce the Class
Certificate Principal Balance of such Class to
its PAC Balance for such Distribution Date;
fourth, to the Class 2-A5 Certificates, up
to the amount necessary to reduce the Class
Certificate Principal Balance of such Class to
its TAC Balance for such Distribution Date;
fifth, to the Class 2-A6 Certificates, until
the Class Certificate Principal Balance thereof
has been reduced to zero;
sixth, to the Class 2-A5 Certificates,
without regard to their TAC Balance, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
seventh, to the Class 2-A1 Certificates,
without regard to their PAC Balance, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
100
eighth, to the Class 2-A2 Certificates,
without regard to their PAC Balance, until the
Class Certificate Principal Balance thereof has
been reduced to zero; and
ninth, to the Class 2-A3 Certificates,
without regard to their PAC Balance, until the
Class Certificate Principal Balance thereof has
been reduced to zero;
(B) to the Pool 2 Group II Senior Certificates,
the Pool 2 Group II Senior Optimal Principal Amount
for such Distribution Date, until the Class
Certificate Principal Balance thereof has been reduced
to zero; and
(C) to the Class 2-PO Certificates, the Class 2-
PO Principal Distribution Amount for such Distribution
Date, until the Class Certificate Principal Balance
thereof ha been reduced to zero;
(iv) to the Class 2-PO Certificates, any Class 2-PO
Deferred Amount for such Distribution Date, up to an amount
not to exceed the Pool 2 Junior Optimal Principal Amount
for such Distribution Date, until the Class Certificate
Principal Balance of such Class has been reduced to zero;
provided, that any such amounts distributed to the Class 2-
PO Certificates pursuant to this clause (iv) shall not
reduce the Class Certificate Principal Balance thereof;
(v) to the Class 2-M Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(vi) to the Class 2-M Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(vii) to the Class 2-M Certificates, in reduction of the
Class Certificate Principal Balance thereof, such Class's
Allocable Share of the Pool 2 Junior Optimal Principal
Amount on such Distribution Date;
(viii) to the Class 2-B1 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(ix) to the Class 2-B1 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(x) to the Class 2-B1 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Pool 2 Junior Optimal
Principal Amount on such Distribution Date;
101
(xi) to the Class 2-B2 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xii) to the Class 2-B2 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xiii) to the Class 2-B2 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Pool 2 Junior Optimal
Principal Amount on such Distribution Date;
(xiv) to the Class 2-B3 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xv) to the Class 2-B3 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xvi) to the Class 2-B3 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Pool 2 Junior Optimal
Principal Amount on such Distribution Date;
(xvii) to the Class 2-B4 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xviii) to the Class 2-B4 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date;
(xix) to the Class 2-B4 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Pool 2 Junior Optimal
Principal Amount on such Distribution Date;
(xx) to the Class 2-B5 Certificates, the Accrued
Certificate Interest thereon for such Distribution Date;
(xxi) to the Class 2-B5 Certificates, any Unpaid Class
Interest Shortfall therefor on such Distribution Date; and
(xxii) to the Class 2-B5 Certificates, in reduction of
the Class Certificate Principal Balance thereof, such
Class's Allocable Share of the Pool 2 Junior Optimal
Principal Amount on such Distribution Date.
Notwithstanding the foregoing, amounts otherwise distributable
pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii)
on any Distribution Date shall be reduced, in inverse order of
priority, by any amount distributed pursuant to clause (iv) on
such date, such that such amount distributed pursuant to clause
(iv) on such date shall be applied first to reduce the amount
distributable pursuant to clause (xxii), and then, to the extent
of any excess, applied second, to reduce the amount distributable
102
pursuant to clause (xix), third, to reduce the amount
distributable pursuant to clause (xvi), fourth, to reduce the
amount distributable pursuant to clause (xiii), fifth, to reduce
the amount distributable pursuant to clause (x) and sixth, to
reduce the amount distributable pursuant to clause (vii).
If, on any Distribution Date, after distributions have been made
pursuant to clauses (i) and (ii) above, the remaining Available
Funds in respect of Pool 2 are insufficient to make the full
amount of distributions required to be made pursuant to clause
(iii) above, (1) the amount distributable to the Class 2-PO
Certificates pursuant to clause (iii)(C) shall be equal to the
product of (x) the remaining Available Funds in respect of Pool 2
and (y) the fraction, expressed as a percentage, the numerator of
which is the PO Principal Distribution Amount for such
Distribution Date and the denominator of which is the sum of such
PO Principal Distribution Amount and the related Senior Optimal
Principal Amount for such Distribution Date; (2) the amount
distributable to the Pool 2 Senior Certificates other than the
Class 2-PO Certificates pursuant to clauses (iii)(A) and (B)
shall be equal to the product of (x) the remaining Available
Funds in respect of Pool 2 and (y) the fraction, expressed as a
percentage, the numerator of which is the related Senior Optimal
Principal Amount for such Distribution Date and the denominator
of which is the sum of such Senior Optimal Principal Amount and
the PO Principal Distribution Amount for such Distribution Date;
and (3) the amounts distributable to the Pool 2 Group I Senior
Certificates pursuant to clause (iii)(A) and to the Pool 2 Group
II Senior Certificates pursuant to clause (iii)(B), respectively,
shall be equal to the product of (x) the amount determined
pursuant to clause (2) above and (y) a fraction, expressed as a
percentage, the numerator of which is the Pool 2 Group I Senior
Optimal Principal Amount, in the case of the Pool 2 Group I
Senior Certificates, or the Pool 2 Group II Senior Optimal
Principal Amount, in the case of the Pool 2 Group II Senior
Certificates, and the denominator of which is the related Senior
Optimal Principal Amount for such Distribution Date.
(c) On each Distribution Date, the Trustee shall
distribute to the holder of the Class R Certificate any remaining
amounts in the Upper Tier REMIC for such Distribution Date after
application of all amounts described in clauses (a) and (b) of
this Section 4.01. Any distributions pursuant to this clause (c)
shall not reduce the Class Certificate Principal Balance of the
Class R Certificate.
(d) If on any Distribution Date the Class Certificate
Principal Balances of the Pool 1 Junior Certificates have each
been reduced to zero, the amount distributable to the Pool 1
Senior Certificates pursuant to Section 4.01(a)(iii)(A) and (B)
for such Distribution Date and each succeeding Distribution Date
shall be allocated among such Classes of Pool 1 Senior
103
Certificates, pro rata on the basis of their respective Class
Certificate Principal Balances immediately prior to such
Distribution Date, regardless of the priorities and amounts set
forth in Section 4.01(a)(iii)(A) and (B).
If on any Distribution Date the Class Certificate
Principal Balances of the Pool 2 Junior Certificates have each
been reduced to zero, the amount distributable to the Pool 2
Senior Certificates other than the Class 2-PO Certificates
pursuant to Section 4.01(b)(iii)(A) and (B) for such Distribution
Date and each succeeding Distribution Date shall be allocated
among such Classes of Pool 2 Senior Certificates, pro rata, on
the basis of their respective Class Certificate Principal
Balances immediately prior to such Distribution Date, regardless
of the priorities and amounts set forth in Section
4.01(b)(iii)(A) and (B).
(e) If on any Distribution Date (i) the Class
Certificate Principal Balance of a Class of Class M Certificates
or any Class of Class B Certificates for which the related
Prepayment Distribution Trigger was satisfied on such
Distribution Date is reduced to zero and (ii) amounts
distributable pursuant to clauses (ii), (iv) and (v) of either of
the Pool 1 Junior Optimal Principal Amount or the Pool 2 Junior
Optimal Principal Amount, as the case may be, remain
undistributed on such Distribution Date after all amounts
otherwise distributable on such date pursuant to clauses (v)
through (xxii) of Section 4.01(a), in the case of the Pool 1
Certificates, or clauses (v) through (xxii) of Section 4.01(b),
in the case of the Pool 2 Certificates, have been distributed,
such amounts shall be distributed on such Distribution Date to
the remaining Classes of Junior Certificates of such Certificate
Group in order of priority, such that no such distribution shall
be made to any Class of Junior Certificates while a prior such
Class of the related Certificate Group is outstanding.
(f) On each Distribution Date throughout the related
Accretion Termination Date, amounts allocable to the Class 1-A7
Certificates in respect of the Class 1-A7B Component pursuant to
clauses (a)(i) and (a)(ii) of this Section 4.01 shall not be
distributable to the Class 1-A7 Certificates pursuant to such
clauses but shall instead be (i) added to the Class Certificate
Principal Balance of such Class and the Component Principal
Balance of such Component to the extent of the related Accrual
Amount for such Distribution Date, and (ii) distributed to the
following Classes of Certificates, before any distributions are
made pursuant to Section 4.01(a)(iii), pro rata, to the Class 1-
A5 Certificates (in respect of the Class 1-A5A Component), the
Class 1-A7 Certificates (in respect of the Class 1-A7A Component)
and the Class 1-A6 Certificates, in reduction of the Class
Certificate Principal Balance or Component Principal Balance
104
thereof, until the Class Certificate Principal Balance or the
Component Principal Balance thereof has been reduced to zero.
On each Distribution Date occurring after the
Accretion Termination Date, amounts allocable to the Class 1-A7
Certificates in respect of the Class 1-A7B Component pursuant to
clauses (a)(i) and (a)(ii) of this Section 4.01 shall be
distributable on such Distribution Date pursuant to such clauses
to Holders of the Class 1-A7 Certificates (in respect of the
Class 1-A7B Component) as Accrued Certificate Interest.
(g) [Reserved]
Section 4.02. Method of Distribution. (a) All
distributions with respect to each Class of Certificates on each
Distribution Date shall be made pro rata among the outstanding
Certificates of such Class, based on the Percentage Interest in
such Class represented by each Certificate. Payments to the
Certificateholders on each Distribution Date will be made by the
Trustee to the Certificateholders of record on the related Record
Date (other than as provided in Section 9.01 respecting the final
distribution) by check or money order mailed to a
Certificateholder at the address appearing in the Certificate
Register, or upon written request by such Certificateholder to
the Trustee made not later than the applicable Record Date, by
wire transfer to a U.S. depository institution acceptable to the
Trustee, or by such other means of payment as such
Certificateholder and the Trustee shall agree.
(b) Each distribution with respect to a Book-Entry
Certificate shall be paid to the Depository, which shall credit
the amount of such distribution to the accounts of its Depository
Participants in accordance with its normal procedures. Each
Depository Participant shall be responsible for disbursing such
distribution to the Certificate Owners that it represents and to
each Financial Intermediary for which it acts as agent. Each
Financial Intermediary shall be responsible for disbursing funds
to the Certificate Owners that it represents. All such credits
and disbursements with respect to a Book-Entry Certificate are to
be made by the Depository and the Depository Participants in
accordance with the provisions of the applicable Certificates.
Neither the Trustee nor the Company shall have any responsibility
therefor except as otherwise provided by applicable law.
(c) The Trustee shall withhold or cause to be withheld
such amounts as it reasonably determines are required by the Code
(giving full effect to any exemptions from withholding and
related certifications required to be furnished by
Certificateholders or Certificate Owners and any reductions to
withholding by virtue of any bilateral tax treaties and any
applicable certification required to be furnished by
Certificateholders or Certificate Owners with respect thereto)
105
from distributions to be made to Non-U.S. Persons. If the Trustee
reasonably determines that a more accurate determination of the
amount required to be withheld for a distribution can be made
within a reasonable period after the scheduled date for such
distribution, it may hold such distribution in trust for a holder
of a Residual Certificate until such determination can be made.
For the purposes of this paragraph, a "Non-U.S. Person" is an
individual, corporation, partnership or other person other than a
citizen or resident of the United States, a corporation,
partnership or other entity created or organized in or under the
laws of the United States or any political subdivision thereof,
or an estate or trust that is subject to U.S. federal income tax
regardless of the source of its income.
Section 4.03. Allocation of Losses. (a) On or prior to
each Determination Date, the Company shall determine the amount
of any Realized Loss in respect of each Mortgage Loan in each
Mortgage Pool that occurred during the immediately preceding
calendar month.
(b) With respect to any Distribution Date, the
principal portion of each Realized Loss (other than any Excess
Loss) in respect of Pool 1 shall be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class 1-PO Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class 1-B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class 1-B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class 1-B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class 1-B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fifth, to the Class 1-B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
106
sixth, to the Class 1-M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
seventh, to the Classes of Pool 1 Senior
Certificates other than the Class 1-PO Certificates,
pro rata, in accordance with their Class Certificate
Principal Balances; provided, that any such loss
allocated to any Class of Accrual Certificates (and
any Accrual Component) shall be allocated (subject to
Section 4.03(d)) on the basis of the lesser of (x) the
Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the
applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal
Balance) thereof on the Closing Date (as reduced by
any Realized Losses previously allocated thereto); and
provided, further, that all such losses, other than
Non-Credit Losses, that would otherwise be allocable
to the Class 1-A7 Certificates shall be allocable,
first, to the Class 1-A17 Certificates, until the
Class Certificate Principal Balance thereof has been
reduced to zero, and second, to the Class 1-A7
Certificates.
With respect to any Distribution Date, the principal
portion of each Realized Loss (other than any Excess Loss) in
respect of Pool 2 shall be allocated as follows:
(i) the applicable PO Percentage of the principal
portion of any such Realized Loss shall be allocated to the
Class 2-PO Certificates until the Class Certificate
Principal Balance thereof has been reduced to zero; and
(ii) the applicable Non-PO Percentage of the principal
portion of any such Realized Loss shall be allocated in the
following order of priority:
first, to the Class 2-B5 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
second, to the Class 2-B4 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
third, to the Class 2-B3 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
fourth, to the Class 2-B2 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
107
fifth, to the Class 2-B1 Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero;
sixth, to the Class 2-M Certificates until the
Class Certificate Principal Balance thereof has been
reduced to zero; and
seventh, to the Classes of Pool 2 Senior
Certificates other than the Class 2-PO Certificates,
pro rata, in accordance with their Class Certificate
Principal Balances; provided, that any such loss
allocated to any Class of Accrual Certificates (and
any Accrual Component) shall be allocated (subject to
Section 4.03(d)) on the basis of the lesser of (x) the
Class Certificate Principal Balance (or Component
Principal Balance) thereof immediately prior to the
applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal
Balance) thereof on the Closing Date (as reduced by
any Realized Losses previously allocated thereto).
(c) With respect to any Distribution Date, the
principal portion of any Excess Loss in respect of a Mortgage
Pool (other than Excess Bankruptcy Losses attributable to Debt
Service Reductions) shall be allocated as follows: (1) the
applicable PO Percentage of any such loss shall be allocated to
the Class 1-PO Certificates, in the case of Pool 1, and to the
Class 2-PO Certificates, in the case of Pool 2, and (2) the
applicable Non-PO Percentage of any such loss shall be allocated
to each Class of Pool 1 Certificates other than the Class 1-PO
Certificates, in the case of Pool 1, and to each Class of Pool 2
Certificates other than the Class 2-PO Certificates, in the case
of Pool 2, pro rata, based on the respective Class Certificate
Principal Balances thereof; provided, that any such loss
allocated to any Class of Accrual Certificates (and any Accrual
Component) shall be allocated (subject to Section 4.03(d)) on the
basis of the lesser of (x) the Class Certificate Principal
Balance (or Component Principal Balance) thereof immediately
prior to the applicable Distribution Date and (y) the Class
Certificate Principal Balance (or Component Principal Balance)
thereof on the Closing Date (as reduced by any Realized Losses
previously allocated thereto).
(d) Any Realized Losses allocated to a Class of
Certificates pursuant to Section 4.03(b) or (c) shall be
allocated among the Certificates of such Class in proportion to
their respective Certificate Principal Balances. In addition, any
Realized Losses allocated to any Class of Component Certificates
on a Distribution Date shall be allocated in reduction of
the Component Principal Balances of the related Components
(other than any Notional Component) in proportion to
108
their respective Component Principal Balances immediately prior
to such Distribution Date. Any allocation of Realized Losses
pursuant to this paragraph (d) shall be accomplished by reducing
the Certificate Principal Balance (or, in the case of any
Component, the Component Principal Balance) of the related
Certificates (or Components) on the related Distribution Date in
accordance with Section 4.03(e).
(e) Realized Losses allocated in accordance with this
Section 4.03 shall be allocated on the Distribution Date in the
month following the month in which such loss was incurred and, in
the case of the principal portion thereof, after giving effect to
distributions made on such Distribution Date, except that the
aggregate amount of Realized Losses in respect of Pool 1 to be
allocated to the Class 1-PO Certificates on such Distribution
Date will be taken into account in determining distributions in
respect of any related Class PO Deferred Amount for such date,
and the aggregate amount of Realized Losses in respect of Pool 2
to be allocated to the Class 2-PO Certificates on such
Distribution Date will be taken into account in determining
distributions in respect of any Class 2-PO Deferred Amount for
such date.
(f) On each Distribution Date, the Company shall
determine the Subordinate Certificate Writedown Amount, if any,
for each Mortgage Pool. Any such Subordinate Certificate
Writedown Amount shall effect a corresponding reduction in the
Certificate Principal Balance of the Subordinate Certificates of
the related Certificate Group, which reduction shall occur on
such Distribution Date after giving effect to distributions made
on such Distribution Date.
(g) Notwithstanding the foregoing, no such allocation
of the principal portion of any Realized Loss in respect of a
Mortgage Pool shall be made on a Distribution Date to a Class of
Certificates of the related Certificate Group to the extent that
such allocation would result in the reduction of the aggregate
Certificate Principal Balances of all the Certificates as of such
Distribution Date, after giving effect to all distributions and
prior allocations of Realized Losses in respect of such Mortgage
Pool on such date, to an amount less than the aggregate Scheduled
Principal Balance of the Mortgage Loans in the related Mortgage
Pool as of the first day of the month of such Distribution Date,
less any Deficient Valuations occurring on or prior to the
related Bankruptcy Coverage Termination Date (such limitation,
the related "Loss Allocation Limitation").
(h) Any allocation of a Realized Loss to a Class of
Certificates (or Component), or of any Subordinate Certificate
Writedown Amount to a Class of Subordinate Certificates, pursuant
to this Section 4.03 shall effect a corresponding allocation
thereof to the corresponding Class of Lower Tier Interests and,
109
in the case of the principal portion of any such Realized Loss
and any such Subordinate Certificate Writedown Amount, a
corresponding reduction in the related Lower Tier Balance
thereof.
Section 4.04. Monthly Advances; Purchases of Defaulted
Mortgage Loans. (a) The Company shall be required to make Monthly
Advances in the manner and to the extent provided herein. Prior
to the close of business on each Determination Date, the Company
shall determine (i) the amount of the Monthly Advance which it is
required to make on the related Distribution Date and (ii)
whether it has elected to purchase any Defaulted Mortgage Loan or
Loans on such Distribution Date. If the Company so elects to
purchase any Defaulted Mortgage Loans (or is required to purchase
any Mortgage Loan pursuant to Section 2.02 or 2.03(a) or purchase
any Modified Mortgage Loan pursuant to Section 3.01(c)), no
Monthly Advance shall be required with respect thereto for the
month in which such purchase occurs (or, in the case of a
purchase of a Modified Mortgage Loan, in the month in which the
Purchase Price thereof is required to be deposited in the
Certificate Account). The Company shall include information as to
each of such determinations in the Servicer's Certificate
furnished by it to the Trustee in accordance with Section 4.06
and shall be obligated to deposit in the Certificate Account
pursuant to Section 3.02(d) on or before 11:00 a.m. New York time
on the Business Day next preceding the following Distribution
Date the respective amounts applicable to such determinations
appearing in such Servicer's Certificate. Upon receipt by the
Trustee of written notification signed by a Servicing Officer of
any such deposit relating to the purchase by the Company of such
a Mortgage Loan, the Trustee shall release to the Company the
related Mortgage File and shall execute and deliver such
instruments of transfer or assignment, in each case without
recourse, as shall be necessary to vest in the Company any
Mortgage Loan released pursuant hereto.
(b) In the event that the Company deposits or expects
to deposit less than the Available Funds in respect of a Mortgage
Pool required to be deposited by it pursuant to Section 3.02(d),
the Company shall so notify the Trustee no later than 9:00 a.m.
on the Business Day preceding the related Distribution Date, and
the amount so deposited, if any, shall be deemed to have been
deposited first pursuant to clause (i) of the definition of
Available Funds for such Mortgage Pool, second pursuant to clause
(iii) of the definition of Available Funds for such Mortgage
Pool, and third pursuant to clause (ii) of the definition of
Available Funds for such Mortgage Pool. Such notice shall specify
each Mortgage Loan delinquent as of the preceding Determination
Date. In such event, the Trustee shall make any Monthly Advance
required to be made hereunder, in the manner and to the extent
required; provided, the Trustee shall not be so obligated if
prohibited by applicable law.
110
(c) In the event that the Company is succeeded
hereunder as servicer, the obligation to make Monthly Advances in
the manner and to the extent required by Section 4.04(a) shall be
assumed by the successor servicer (subject to Section 7.02).
Section 4.05. Statements to Certificateholders. (a)
Each month, at least two Business Days prior to each Distribution
Date, the Company shall deliver to the Trustee for mailing to
each Certificateholder, and the Trustee shall mail to each
Certificateholder on such Distribution Date, a statement (each, a
"Distribution Date Statement") substantially in the form of
Exhibit J hereto, setting forth:
(i) The amount of such distribution to the
Certificateholders of each Class (and in respect of any
Component), other than any Notional Certificates (and any
Notional Component), allocable to principal, separately
identifying the aggregate amount of any Principal
Prepayments included therein (including, for this purpose,
the Scheduled Principal Balances of all Defaulted Mortgage
Loans and Defective Mortgage Loans purchased pursuant to
Section 2.02, 2.03(b) or 3.16, respectively, and any
amounts deposited pursuant to Section 2.03(b) in connection
with the substitution of any Mortgage Loans pursuant to
Section 2.02 or 2.03(a), the proceeds of which purchases or
substitutions are being distributed on such Distribution
Date);
(ii) The amount of such distribution to the
Certificateholders of each Class (other than any Class of
Principal Only Certificates) allocable to interest,
including any Accrual Amount added to the Class Certificate
Principal Balance of any Class of Accrual Certificates (or
the Component Principal Balance of any Accrual Component);
(iii) The amount of servicing compensation paid to the
Company during the month preceding the month of
distribution in respect of the Mortgage Loans and such
other customary information as the Company deems necessary
or desirable to enable Certificateholders to prepare their
tax returns;
(iv) The Pool Scheduled Principal Balance for each
Mortgage Pool and the aggregate number of the Mortgage
Loans in each Mortgage Pool on the preceding Due Date after
giving effect to all distributions allocable to principal
made on such Distribution Date;
(v) The Class Certificate Principal Balance (or
Notional Principal Balance) of each Class and the
Certificate Principal Balance (or Notional Principal
Balance) of a Single Certificate of each Class after giving
effect to (i) all distributions allocable to principal (or
reductions in the Notional Principal Balance, in the case of
111
the Notional Certificates, or the addition of any Accrual
Amount, in the case of any Class of Accrual Certificates or
Accrual Component) made on such Distribution Date and (ii)
the allocation of any Realized Losses and any Subordinate
Certificate Writedown Amount for such Distribution Date;
(vi) The Pay-out Rate applicable to each Class of
Certificates;
(vii) The book value and unpaid principal balance of any
real estate acquired on behalf of Certificateholders
through foreclosure, or grant of a deed in lieu of
foreclosure or otherwise, of any REO Mortgage Loan, and the
number of the related Mortgage Loans, separately identified
as to each Mortgage Pool;
(viii) The aggregate Scheduled Principal Balances and
number of Mortgage Loans which, as of the close of business
on the last day of the month preceding the related
Distribution Date, were (a) delinquent as to a total of (x)
30-59 days, (y) 60-89 days and (z) 90 days or more, and (b)
in foreclosure, separately identified as to each Mortgage
Pool;
(ix) The Scheduled Principal Balance of any Mortgage
Loan replaced pursuant to Section 2.03(b), and of any
Modified Mortgage Loan purchased pursuant to Section
3.01(c), and the number of such Mortgage Loans, separately
identified as to each Mortgage Pool;
(x) The Certificate Interest Rates of any LIBOR
Certificates, any COFI Certificates and any Class S
Certificates applicable to the Interest Accrual Period
relating to such Distribution Date and such Class;
(xi) The Senior Percentage and Junior Percentage for
each Certificate Group, the Pool 1 Group I Senior
Percentage, Pool 2 Group I Senior Percentage, Pool 1 Group
II Senior Percentage, Pool 2 Group II Senior Percentage,
Pool 1 Group I Scheduled Distribution Percentage and Pool 1
Group II Scheduled Distribution Percentage for such
Distribution Date; and
(xii) The Senior Prepayment Percentage and Junior
Prepayment Percentage for each Certificate Group, the Pool
1 Group I Senior Prepayment Percentage, Pool 2 Group I
Senior Prepayment Percentage, Pool 1 Group II Senior
Prepayment Percentage and Pool 2 Group II Senior Prepayment
Percentage for such Distribution Date.
112
In the case of information furnished pursuant to
clauses (i) through (iii) above, the amounts shall be expressed
as a dollar amount per Single Certificate.
In connection with any proposed transfer of a
Certificate that is purported to be made in reliance on Rule 144A
under the Securities Act, the Company shall be responsible for
furnishing such information as may be required thereunder to a
proposed transferee. In furtherance of the Company's obligations
hereunder, the Company hereby instructs the Trustee, at the
Company's expense and on its behalf, and the Trustee agrees, to
promptly make available to the proposed transferee, upon request
of the holder, (i) all statements furnished to Certificateholders
pursuant to this Section 4.05(a) on previous Distribution Dates,
(ii) all certificates furnished to the Trustee pursuant to
Section 4.06 in prior months, (iii) Officer's Certificates
furnished to the Trustee pursuant to Section 3.12 for the two
years preceding such request, (iv) reports of independent
accountants furnished to the Trustee pursuant to Section 3.13 for
the two years preceding such request, (v) a copy of the Private
Placement Memorandum relating to such Certificate, together with
any amendments or supplements thereto issued by the Company
(which copy shall be furnished to the Trustee by the Company),
and (vi) the Company's Current Report on Form 8-K, dated the
Closing Date, relating to the Mortgage Loans; provided, however,
that the Trustee shall in no event be required to make available
such statements or certificates pursuant to clauses (i) and (ii)
above relating to Distribution Dates occurring more than
twenty-four months preceding the month in which such request was
received; provided, further, however, that notwithstanding the
Trustee's agreement as aforesaid to provide such materials to a
proposed transferee, the Trustee does not assume, and shall not
thereby be deemed to have assumed, any responsibility for
compliance by the Company with Rule 144A (subject to the
Trustee's agreement set forth in the second sentence of this
paragraph) and shall be entitled to include a notice with such
statements or certificates to the effect that such materials have
not been prepared or assembled by the Trustee and that the
Trustee assumes no responsibility for the adequacy, sufficiency
or contents thereof. In connection with any such proposed
transfer, the Company shall make available to the proposed
holder, at the request of the related transferor, such additional
information, if any, as may be required to be delivered pursuant
to Rule 144A(d)(4).
(b) On or prior to January 20th of each year,
commencing in 1998, the Company shall furnish to the Trustee for
mailing to each Person who at any time during the calendar year
was a Certificateholder a statement containing information
required to be provided pursuant to the Code.
113
Section 4.06. Servicer's Certificate. Each month, not
later than the second Business Day next preceding each
Distribution Date, the Company shall deliver to the Trustee a
completed Servicer's Certificate.
Section 4.07. Reports of Foreclosures and Abandonments
of Mortgaged Property. The Trustee (or the Company on behalf of
the Trustee) shall, in each year beginning after 1997, make the
reports of foreclosures and abandonments of any Mortgaged
Property as required by section 6050J of the Code. In order to
facilitate this reporting process, the Company, on or before
January 15th of each year, shall provide to the Trustee reports
relating to each instance occurring during the previous calendar
year in which the Company (i) on behalf of the Trustee acquires
an interest in a Mortgaged Property through foreclosure or other
comparable conversion in full or partial satisfaction of a
Mortgage Loan, or (ii) knows or has reason to know that a
Mortgaged Property has been abandoned. Reports from the Company
shall be in form and substance sufficient to meet the reporting
requirements imposed by section 6050J of the Code.
Section 4.08. Reduction of Servicing Fees by
Compensating Interest Payments. The aggregate amount of the
Servicing Fees subject to retention by the Company as servicer in
respect of any Distribution Date and either Mortgage Pool shall
be reduced by the amount of any Compensating Interest Payment for
such Distribution Date and such Mortgage Pool.
ARTICLE V
THE CERTIFICATES
Section 5.01. The Certificates. (a) The Certificates
shall be substantially in the forms set forth in Exhibit A
hereto, as applicable, and shall, on original issue, be executed
by the Trustee, not in its individual capacity but solely as
Trustee, and countersigned and delivered by the Trustee to or
upon the order of the Company as provided in Article II.
(b) The Certificates shall be issued in an aggregate
Initial Certificate Principal Balance of $540,507,787.41. Such
aggregate original principal balance shall be divided among the
Classes having the designations, Class Certificate Principal
Balances, Certificate Interest Rates and minimum denominations as
follows:
114
Initial
Class
Certificate Certificate
Principal Interest Minimum
Designation Balance Rate Denominations
----------- ------- ---- -------------
Class 1-A1 $51,348,218.00 6.500% $ 25,000
Class 1-A2 65,627,405.00 6.750 25,000
Class 1-A3 5,215,005.00 7.500 25,000
Class 1-A4 59,275,041.00 7.000 25,000
Class 1-A5 25,181,058.00 7.500 25,000
Class 1-A6 18,750,423.00 7.500 25,000
Class 1-A7 96,017,481.00 (3) 250,000
Class 1-A8 7,500,000.00 (4) 25,000
Class 1-A9 1,500,000.00 (4) 25,000
Class 1-A10 9,542,448.00 7.500 25,000
Class 1-A11 25,000,000.00 7.500 25,000
Class 1-A12 5,886,977.00 7.500 1,000
Class 1-A13 1,752,000.00 7.750 1,000
Class 1-A14 292,000.00 6.000 1,000
Class 1-A15 8,900,000.00 7.500 25,000
Class 1-A16 42,000,000.00 7.500 25,000
Class 1-A17 3,000,000.00 7.500 25,000
Class 1-PO 1,047,553.00 0.000 40,000
Class 1-S (1) (1) 12,500,000
Class 1-M 9,007,000.00 7.500 100,000
Class 1-B1 4,503,000.00 7.500 100,000
Class 1-B2 4,503,000.00 7.500 100,000
Class 1-B3 2,252,000.00 7.500 250,000
Class 1-B4 676,000.00 7.500 250,000
Class 1-B5 1,576,675.22 7.500 250,000
Class R 100.00 7.500 100
Class RL 100.00 7.500 100
Class 2-A1 15,244,000.00 7.000 25,000
Class 2-A2 13,163,000.00 6.500 25,000
Class 2-A3 12,831,000.00 6.500 25,000
Class 2-A4 (2) 7.000 100,000
Class 2-A5 24,799,000.00 7.000 25,000
Class 2-A6 12,513,793.00 7.000 25,000
Class 2-A7 9,000,000.00 7.000 25,000
Class 2-PO 127,781.00 0.000 40,000
Class 2-S (1) (1) 12,500,000
Class 2-M 900,265.00 7.000 100,000
Class 2-B1 450,132.00 7.000 100,000
Class 2-B2 450,132.00 7.000 100,000
Class 2-B3 270,079.00 7.000 250,000
Class 2-B4 180,053.00 7.000 250,000
Class 2-B5 225,068.19 7.000 250,000
--------------------------
(footnotes on next page)
115
(c) The Certificates shall be issuable in registered
form only. The Book-Entry Certificates will be evidenced by one
or more certificates, beneficial ownership of which will be held
in the minimum dollar denominations in Certificate Principal
Balance or Notional Principal Balance, as applicable, specified
in Section 5.01(b), and integral multiples of $1,000 in excess
thereof. The Non-Book-Entry Certificates other than the Residual
Certificates shall each be issued in the minimum dollar
denominations in Certificate Principal Balance or Notional
Principal Balance, as applicable, specified in Section 5.01(b),
and integral multiples of $1,000 (or $1,000,000 in the case of
the Class S Certificates) in excess thereof (and, if necessary,
in the amount of the remaining Class Certificate Principal
Balance or Notional Principal Balance, as applicable, of each
Class, in the case of one Certificate of such Class). Each Class
of Residual Certificates shall be issued as a single certificate
evidencing the entire Class Certificate Principal Balance of such
Class and having a Percentage Interest of 100%. If necessary, one
Certificate of each Class of Book-Entry Certificates and any
Notional Certificates that are Non-Book-Entry Certificates may
evidence an additional amount equal to the remainder of the Class
Certificate Principal Balance (or Notional Principal Balance) of
such Class.
--------------------------
(footnotes continued from previous page)
(1) The Class 1-S and Class 2-S Certificates are issued with
initial Notional Principal Balances of $400,593,544.38 and
$84,264,724.02 respectively, and shall each bear interest
at the related Strip Rate.
(2) The Class 2-A4 Certificates are issued with an initial
Notional Principal Balance of $1,856,714.00.
(3) Interest will accrue on each Component of the Class 1-A7
Certificates during each Interest Accrual Period at the
applicable interest rate set forth in the definition of
"Component" on the Component Principal Balance or Notional
Component Balance, as applicable, of such Component. The
amount of interest that will accrue on the Class 1-A7
Certificates during each Interest Accrual Period will equal
the sum of the interest accrued during such Interest
Accrual Period on each Component of the Class 1-A7
Certificates.
(4) The Certificate Interest Rates of the Class 1-A8 and Class
1-A9 Certificates for each Interest Accrual Period shall be
determined as provided in Section 5.01(f).
116
(d) The Certificates shall be executed by manual or
facsimile signature on behalf of the Trustee by an authorized
officer under its seal, which may be in facsimile form and be
imprinted or otherwise reproduced thereon. Certificates bearing
the manual or facsimile signatures of individuals who were, at
the time when such signatures were affixed, authorized to sign on
behalf of the Trustee shall bind the Trustee, notwithstanding
that such individuals or any of them have ceased to be so
authorized prior to the authentication and delivery of such
Certificates or did not hold such offices at the date of such
Certificate. No Certificate shall be entitled to any benefit
under this Agreement, or be valid for any purpose, unless such
Certificate shall have been manually countersigned by the Trustee
substantially in the forms set forth in Exhibit A hereto, and
such countersignature upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been
duly executed and delivered hereunder. All Certificates issued on
the Closing Date shall be dated the Closing Date; all
Certificates issued thereafter shall be dated the date of their
countersignature.
(e) The Strip Rates for each Interest Accrual Period
shall be determined by the Company and included in the Servicer's
Certificate for the related Distribution Date.
(f) During the first Interest Accrual Period, the
Certificate Interest Rate of the Class 1-A8 Certificates shall be
6.71875% per annum. For each subsequent Interest Accrual Period,
the Certificate Interest Rate of the Class 1-A8 Certificates
shall be a per annum rate, subject to a maximum rate of 9.00% and
a minimum rate of 1.25%, equal to LIBOR for the related LIBOR
Determination Date plus 1.25%.
During the first Interest Accrual Period, the Certificate
Interest Rate of the Class 1-A9 Certificates shall be 11.40625%
per annum. For each subsequent Interest Accrual Period, the
Certificate Interest Rate of the Class 1-A9 Certificates shall be
a per annum rate, subject to a maximum rate of 38.75% and a
minimum rate of 0.00%, equal to (i) 38.75% minus (ii) the product
of 5 and LIBOR for the related LIBOR Determination Date.
Section 5.02. Registration of Transfer and Exchange of
Certificates. (a) The Trustee shall cause to be kept at an office
or agency in the city in which the Corporate Trust Office of the
Trustee is located or in the City of New York, New York a
Certificate Register in which, subject to such reasonable
regulations as it may prescribe, the Trustee shall provide for
the registration of Certificates and of transfers and exchanges
of Certificates as herein provided. The Trustee shall initially
serve as Certificate Registrar for the purpose of registering
Certificates and transfers and exchanges of Certificates as
herein provided.
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Subject to Sections 5.02(b) and 5.02(c), upon
surrender for registration of transfer of any Certificate at the
Corporate Trust Office, the Trustee shall execute, authenticate
and deliver, in the name of the designated transferee or
transferees, one or more new Certificates of the same Class in
authorized denominations of a like Percentage Interest.
At the option of a Certificateholder, Certificates may
be exchanged for other Certificates of authorized denominations
of a like Class and Percentage Interest, upon surrender of the
Certificates to be exchanged at any such office or agency.
Whenever any Certificates are so surrendered for exchange the
Trustee shall execute, countersign and deliver the Certificates
which the Certificateholder making the exchange is entitled to
receive. Every Certificate presented or surrendered for
registration of transfer or exchange shall be accompanied by a
written instrument of transfer in form satisfactory to the
Trustee and the Certificate Registrar duly executed by the Holder
thereof or his attorney duly authorized in writing.
No service charge shall be made for any registration
of transfer or exchange of Certificates, but the Trustee may
require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any
transfer or exchange of Certificates.
All Certificates surrendered for registration of
transfer and exchange shall be canceled and subsequently
destroyed by the Trustee and a certificate of destruction shall
be delivered by the Trustee to the Company.
(b) No legal or beneficial interest in all or any
portion of the Residual Certificates may be transferred directly
or indirectly to (i) a Disqualified Organization or an agent of a
Disqualified Organization (including a broker, nominee, or
middleman), (ii) an entity that holds REMIC residual securities
as nominee to facilitate the clearance and settlement of such
securities through electronic book-entry changes in accounts of
participating organizations (a "Book-Entry Nominee"), or (iii) an
individual, corporation, partnership or other person unless such
transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S.
Person that holds a Residual Certificate in connection with the
conduct of a trade or business within the United States and has
furnished the transferor and the Trustee with an effective
Internal Revenue Service Form 4224 or (C) is a Non-U.S. Person
that has delivered to both the transferor and the Trustee an
opinion of a nationally recognized tax counsel to the effect that
the transfer of a Residual Certificate to it is in accordance
with the requirements of the Code and the regulations promulgated
thereunder and that such transfer of a Residual Certificate will
not be disregarded for federal income tax purposes (any such
person who is not covered by clause (A), (B) or (C) above being
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referred to herein as a "Non-permitted Foreign Holder"), and any
such purported transfer shall be void and have no effect. The
Trustee shall not execute, and shall not authenticate and
deliver, a Residual Certificate in connection with any transfer
thereof unless the transferor shall have provided to the Trustee
an affidavit, substantially in the form attached as Exhibit F
hereto, signed by the transferee, to the effect that the
transferee is not such a Disqualified Organization, an agent
(including a broker, nominee, or middleman) for any entity as to
which the transferee has not received a substantially similar
affidavit, a Book-Entry Nominee or a Non-permitted Foreign
Holder, which affidavit shall contain the consent of the
transferee to any such amendments of this Agreement as may be
required to further effectuate the foregoing restrictions on
transfer of the Residual Certificates to Disqualified
Organizations, Book-Entry Nominees or Non-permitted Foreign
Holders, and an agreement by the Transferee that it will not
transfer a Residual Certificate without providing to the Trustee
an affidavit substantially in the form attached as Exhibit F
hereto and a letter substantially in the form attached as Exhibit
G hereto. Such affidavit shall also contain the statement of the
transferee that (i) it does not have the intention to impede the
assessment or collection of any federal, state or local taxes
legally required to be paid with respect to the Residual
Certificates and (ii) it understands that it may incur tax
liabilities in excess of cash flows generated by a Residual
Certificate and that it intends to pay taxes associated with
holding a Residual Certificate as they become due.
The affidavit described in the preceding paragraph, if
not executed in connection with the initial issuance of the
Residual Certificates, shall be accompanied by a written
statement in the form attached as Exhibit G hereto, signed by the
transferor, to the effect that as of the time of the transfer,
the transferor has (i) no actual knowledge that the transferee is
a Disqualified Organization, Book-Entry Nominee or Non-permitted
Foreign Holder, (ii) no reason to believe that the transferee has
the intention to impede the assessment or collection of any
federal, state or local taxes legally required to be paid with
respect to a Residual Certificate, and (iii) conducted a
reasonable investigation and found that the transferee had
historically paid its debts as they came due and found no
significant evidence to indicate that the transferee will not
continue to pay its debts as they become due. The Residual
Certificates shall bear a legend referring to the foregoing
restrictions contained in this paragraph and the preceding
paragraph.
Upon notice to the Company that any legal or
beneficial interest in any portion of the Residual Certificates
has been transferred, directly or indirectly, to a Disqualified
Organization or agent thereof (including a broker, nominee, or
middleman) in contravention of the foregoing restrictions, (i)
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such transferee shall be deemed to hold the Residual Certificate
in constructive trust for the last transferor who was not a
Disqualified Organization or agent thereof, and such transferor
shall be restored as the owner of such Residual Certificate as
completely as if such transfer had never occurred, provided that
the Company may, but is not required to, recover any
distributions made to such transferee with respect to the
Residual Certificate and return such recovery to the transferor,
and (ii) the Company agrees to furnish to the Internal Revenue
Service and to any transferor of the Residual Certificate or such
agent (within 60 days of the request therefor by the transferor
or agent) such information necessary to the application of
section 860E(e) of the Code as may be required by the Code,
including but not limited to the present value of the total
anticipated excess inclusions with respect to the Residual
Certificate (or portion thereof) for periods after such transfer.
At the election of the Company, the cost to the Company of
computing and furnishing such information may be charged to the
transferor or such agent referred to above; however, the Company
shall in no event be excused from furnishing such information.
The restrictions on transfers of the Residual
Certificates set forth in the preceding three paragraphs shall
cease to apply to transfers (and the applicable portions of the
legend to the Residual Certificates may be deleted) after
delivery to the Trustee of an Opinion of Counsel to the effect
that the elimination of such restrictions will not cause either
the Upper Tier REMIC or the Lower Tier REMIC established
hereunder to fail to qualify as a REMIC at any time that the
Certificates are outstanding.
No transfer of a Restricted Certificate shall be made
unless such transfer is made pursuant to an effective
registration statement under the Securities Act of 1933, as
amended (the "Act"), and any applicable state securities laws, in
each case as evidenced by an Officer's Certificate, or is exempt
from the registration requirements of the Act and any applicable
state securities laws. In the event of such registration, any
restrictive legends set forth in the form of the relevant
Restricted Certificate in Exhibit A hereto with respect to the
Act and state securities law restrictions shall be removed by the
Trustee upon request of the Holder thereof and automatically upon
exchange or registration of transfer thereof. As a condition to
any transfer that is to be made in reliance upon an exemption
from the Act and such laws of a Restricted Certificate to any
person other than a QIB (as certified by the proposed transferee
in the form of assignment attached to the related Certificate),
either (x) the Trustee shall require the transferee to execute an
investment letter in the form substantially as set forth in
Exhibit I hereto or in such other form as may be acceptable to
the Trustee, certifying as to the facts surrounding such
transfer, or (y) in lieu of such investment letter, the Trustee
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may accept a written Opinion of Counsel (in form and substance
acceptable to the Trustee) that such proposed transfer may be
made pursuant to an exemption from the Act. As an additional
condition to any transfer of a Restricted Certificate, either (i)
the transferor and the transferee shall complete the form of
assignment attached to the Certificate proposed to be
transferred, or (ii) the Trustee shall have received the
above-referenced opinion of counsel. The holder of any Restricted
Certificate desiring to effect the transfer thereof to a person
other than a QIB shall, and hereby agrees to, comply with any
applicable conditions set forth in the preceding two sentences
and indemnify the Trustee and the Company against any liability
that may result if the transfer thereof is not so exempt or is
not made in accordance with such federal and state laws. Such
agreement to so indemnify the Trustee and the Company shall
survive the termination of this Agreement. Notwithstanding the
foregoing, no Opinion of Counsel or investment letter shall be
required upon the original issuance of (i) the Restricted Junior
Certificates to the Initial Purchaser (as defined in the related
Private Placement Memorandum) or its nominee and (ii) the Class S
Certificates to the Company or upon any subsequent transfer of
any Class S Certificate by the Company, provided that if any
Restricted Junior Certificates are, at the request of the Initial
Purchaser, registered in the name of its nominee, the Initial
Purchaser shall be deemed to acknowledge and agree with the
Company and the Trustee that no transfer of a beneficial interest
in such Certificates will be made without registering such
Certificates in the name of the transferee, which shall be a
Person other than such nominee. Any opinion or letter required
pursuant to this paragraph shall not be at the expense of the
Trust Fund or the Trustee.
(c) (i) No transfer of an ERISA-Restricted Certificate
in the form of a Definitive Certificate shall be made to any
Person unless the Trustee has received (A) a certificate
(substantially in the form of Exhibit E or such other form as is
acceptable to the Company and the Trustee) from such transferee
to the effect that such transferee (i) is not a Plan or a Person
that is using the assets of a Plan to acquire such
ERISA-Restricted Certificate or (ii) is an insurance company
investing assets of its general account and the exemptions
provided by Section III(a) of Department of Labor Prohibited
Transaction Class Exemption 95-60, 60 Fed. Reg. 35925 (July 12,
1995) (the "Exemptions") apply to the transferee's acquisition
and holding of any ERISA-Restricted Certificate or (B) an opinion
of counsel satisfactory to the Trustee and the Company to the
effect that the purchase and holding of such a Certificate will
not constitute or result in the assets of the Trust Fund being
deemed to be "plan assets" subject to the prohibited transactions
provisions of ERISA or Section 4975 of the Code and will not
subject the Trustee or the Company to any obligation in addition
to those undertaken in the Agreement; provided, however, that the
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Trustee will not require such certificate or opinion in the event
that, as a result of a change of law or otherwise, counsel
satisfactory to the Trustee has rendered an opinion to the effect
that the purchase and holding of an ERISA-Restricted Certificate
by a Plan or a Person that is purchasing or holding such a
Certificate with the assets of a Plan will not constitute or
result in a prohibited transaction under ERISA or Section 4975 of
the Code. The preparation and delivery of the certificate and
opinions referred to above shall not be an expense of the Trust
Fund, the Trustee or the Company. Notwithstanding the foregoing,
no opinion or certificate shall be required for the initial
issuance of the ERISA-Restricted Certificates.
(ii) No transfer of a Residual Certificate shall be
made to any Person unless the Trustee has received a
certification (substantially in the form of paragraph 4 of
Exhibit F) from such transferee to the effect that, among other
things, such transferee is not a Plan or a Person that is using
the assets of a Plan to acquire any such Certificate. The
preparation and delivery of such certificate shall not be an
expense of the Trust Fund, the Trustee or the Company.
(d) Subject to Section 8.01(i) hereof, the Trustee may
conclusively rely upon any certificate, affidavit or opinion
delivered pursuant to Section 5.02(b) or (c). Any certificate or
affidavit required to be delivered by a transferee under this
Section 5.02 may be executed and delivered in the name of such
transferee by its attorney-in-fact duly authorized in writing in
form and substance satisfactory to the Trustee.
(e) Except as to any additional Certificate of any
Class of Book-Entry Certificates held in physical certificated
form pursuant to Section 5.02(g) or any Restricted Junior
Certificate of any Class of Book-Entry Certificates that is
transferred to an entity other than a QIB, the Book-Entry
Certificates shall, subject to Section 5.02(f), at all times
remain registered in the name of the Depository or its nominee
and at all times: (i) registration thereof may not be transferred
by the Trustee except to another Depository; (ii) the Depository
shall maintain book-entry records with respect to the Certificate
Owners and with respect to ownership and transfers of such
Certificates; (iii) ownership and transfers of registration of
the Certificates issued in book-entry form on the books of the
Depository shall be governed by applicable rules established by
the Depository and the rights of Certificate Owners with respect
to Book-Entry Certificates shall be governed by applicable law
and agreements between such Certificate Owners and the
Depository, Depository Participants, and indirect participating
firms; (iv) the Depository may collect its usual and customary
fees, charges and expenses from its Depository Participants; (v)
the Trustee shall deal with the Depository, Depository
Participants and indirect participating firms as authorized
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representatives of the Certificate Owners of the Certificates
issued in book-entry form for all purposes including the making
of payments due on the Book-Entry Certificates and exercising the
rights of Holders under this Agreement, and requests and
directions for and votes of such representatives shall not be
deemed to be inconsistent if they are made with respect to
different Certificate Owners; (vi) the Trustee may rely and shall
be fully protected in relying upon information furnished by the
Depository with respect to its Depository Participants and
furnished by the Depository Participants with respect to indirect
participating firms and persons shown on the books of such
indirect participating firms as direct or indirect Certificate
Owners; (vii) Certificate Owners shall not be entitled to
certificates for the Book-Entry Certificates and (viii) the
Trustee may establish a reasonable record date in connection with
solicitations of consents from or voting by Certificateholders
and give notice to the Depository of such record date.
All transfers by Certificate Owners of Book-Entry
Certificates shall be made in accordance with the procedures
established by the Depository Participant or brokerage firm
representing such Certificate Owner. Each Depository Participant
shall only transfer Book-Entry Certificates of Certificate Owners
it represents or of brokerage firms for which it acts as agent in
accordance with the Depository's normal procedures. Except as
provided herein, the Trustee shall have no duty to monitor or
restrict the transfer of Certificates or interests therein, and
shall have no liability for any transfer, including any transfer
made through the book-entry facilities of the Depository or
between or among Depository Participants or Certificate Owners,
made in violation of applicable restrictions set forth herein,
except in the event of the failure of the Trustee to perform its
duties and fulfill its obligations under this Agreement.
(f) If (x)(i) the Company or the Depository advises
the Trustee in writing that the Depository is no longer willing,
qualified or able to properly discharge its responsibilities as
Depository, and (ii) the Trustee or the Company is unable to
locate a qualified successor, (y) the Company at its option
advises the Trustee in writing that it elects to terminate the
book-entry system through the Depository or (z) after the
occurrence of an Event of Default, Certificate Owners
representing not less than 51% of the aggregate Voting Rights
allocated to the Book-Entry Certificates together advise the
Trustee and the Depository through the Depository Participants in
writing that the continuation of a book-entry system through the
Depository is no longer in the best interests of the Certificate
Owners, the Trustee shall notify all Certificate Owners, through
the Depository, of the occurrence of any such event and of the
availability of Definitive Certificates to Certificate Owners
requesting the same. Upon surrender to the Trustee of such
Certificates by the Depository, accompanied by registration
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instructions from the Depository for registration, the Trustee
shall issue the Definitive Certificates. Neither the Company nor
the Trustee shall be liable for any delay in delivery of such
instructions and may conclusively rely on, and shall be protected
in relying on, such instructions. Upon the issuance of Definitive
Certificates all references herein to obligations imposed upon or
to be performed by the Depository shall be deemed to be imposed
upon and performed by the Trustee, to the extent applicable with
respect to such Definitive Certificates and the Trustee shall
recognize the Holders of the Definitive Certificates as
Certificateholders hereunder.
(g) On or prior to the Closing Date, there shall be
delivered to the Depository one certificate for each Class of
Book-Entry Certificates registered in the name of the
Depository's nominee, Cede & Co. The face amount of each such
Certificate shall represent 100% of the initial Class Certificate
Principal Balance thereof, except for such amount that does not
constitute an acceptable denomination to the Depository. An
additional Certificate of each Class of Book-Entry Certificates
may be issued evidencing such remainder and, if so issued, will
be held in physical certificated form by the Holders thereof.
Each Certificate issued in book-entry form shall bear the
following legend:
"Unless this Certificate is presented by an authorized
representative of The Depository Trust Company, a New York
corporation ("DTC"), to Issuer or its agent for registration of
transfer, exchange, or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as
requested by an authorized representative of DTC (and any payment
is made to Cede & Co. or to such other entity as is requested by
an authorized representative of DTC), ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has
an interest herein."
Section 5.03. Mutilated, Destroyed, Lost or Stolen
Certificates. If (a) any mutilated Certificate is surrendered to
the Certificate Registrar, or the Certificate Registrar receives
evidence to its satisfaction of the destruction, loss or theft of
any Certificate and (b) there is delivered to the Company, the
Certificate Registrar and the Trustee such security or indemnity
as may be required by them to save each of them harmless, then,
in the absence of notice to the Certificate Registrar or the
Trustee that such Certificate has been acquired by a bona fide
purchaser, the Trustee shall execute, countersign and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or
stolen Certificate, a new Certificate of like tenor, Class and
Percentage Interest. In connection with the issuance of any new
Certificate under this Section 5.03, the Trustee may require the
payment of a sum sufficient to cover any tax or other
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governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the
Trustee and the Certificate Registrar) connected therewith. Any
duplicate Certificate issued pursuant to this Section 5.03 shall
constitute complete and indefeasible evidence of ownership in the
Trust Fund, as if originally issued, whether or not the lost,
stolen or destroyed Certificate shall be found at any time.
Section 5.04. Persons Deemed Owners. Prior to due
presentation of a Certificate for registration of transfer, the
Company, the Trustee, the Certificate Registrar and any agent of
the Company, the Trustee or the Certificate Registrar may treat
the person in whose name any Certificate is registered as the
owner of such Certificate for the purpose of receiving
distributions pursuant to Section 4.01 and for all other purposes
whatsoever, and neither the Company, the Trustee, the Certificate
Registrar nor any agent of the Company, the Trustee or the
Certificate Registrar shall be affected by any notice to the
contrary.
Section 5.05. Access to List of Certificateholders'
Names and Addresses. The Certificate Registrar will furnish or
cause to be furnished to the Company, within 15 days after
receipt by the Certificate Registrar of request therefor from the
Company in writing, a list, in such form as the Company may
reasonably require, of the names and addresses of the
Certificateholders as of the most recent Record Date for payment
of distributions to Certificateholders. If three or more
Certificateholders (hereinafter referred to as "applicants")
apply in writing to the Trustee, and such application states that
the applicants desire to communicate with other
Certificateholders with respect to their rights under this
Agreement or under the Certificates and is accompanied by a copy
of the communication which such applicants propose to transmit,
then the Trustee shall, within five Business Days after the
receipt of such application, afford such applicants access during
normal business hours to the most recent list of
Certificateholders held by the Trustee. If such list is as of a
date more than 90 days prior to the date of receipt of such
applicants' request, the Trustee shall promptly request from the
Certificate Registrar a current list as provided above, and shall
afford such applicants access to such list promptly upon receipt.
Every Certificateholder, by receiving and holding a Certificate,
agrees with the Certificate Registrar and the Trustee that
neither the Certificate Registrar nor the Trustee shall be held
accountable by reason of the disclosure of any such information
as to the names and addresses of the Certificateholders
hereunder, regardless of the source from which such information
was derived.
Section 5.06. Representation of Certain
Certificateholders. The fiduciary of any Plan which becomes a
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Holder of a Certificate, by virtue of its acceptance of such
Certificate, will be deemed to have represented and warranted to
the Trustee and the Company that such Plan is an "accredited
investor" as defined in Rule 501(a)(1) of Regulation D
promulgated by the Securities and Exchange Commission under the
Securities Act of 1933.
Section 5.07. Determination of COFI. (a) If the
outstanding Certificates include any COFI Certificates, then on
each COFI Determination Date the Trustee shall determine the
value of COFI on the basis of the most recently available
Information Bulletin referred to in the definition of "COFI". The
establishment of COFI by the Trustee and the Trustee's subsequent
calculation of the rates of interest applicable to the COFI
Certificates for each Interest Accrual Period shall (in the
absence of manifest error) be final and binding. The Trustee
shall provide to Certificateholders who inquire of it by
telephone (at (000) 000-0000) the Certificate Interest Rates of
the COFI Certificates for the current and immediately preceding
Interest Accrual Periods.
(b) The failure by the Federal Home Loan Bank of San
Francisco to publish COFI for a period of 65 calendar days will
constitute an "Alternative Rate Event" for purposes hereof. Upon
the occurrence of an Alternative Rate Event, the Company will
calculate the Certificate Interest Rates for the COFI
Certificates for the subsequent Interest Accrual Periods by
using, in place of COFI, (i) the replacement index, if any,
published or designated by the Federal Home Loan Bank of San
Francisco or (ii) if no replacement index is so published or
designated, an alternative index to be selected by the Company
that has performed, or that the Company expects to perform, in a
manner substantially similar to COFI. At the time an alternative
index is first selected by the Company, the Company shall
determine the average number of basis points, if any, by which
the alternative index differed from COFI for such period as the
Company, in its sole discretion, reasonably determines to reflect
fairly the long-term difference between COFI and the alternative
index, and shall adjust the alternative index by such average.
The Company shall select a particular index as an alternative
only if it receives an Opinion of Counsel to the effect that the
selection of such index will not cause any REMIC established
hereunder to fail to qualify as a REMIC for federal income tax
purposes. In the absence of manifest error, the selection of any
alternative index as provided by this Section 5.07(b) shall be
final and binding for each subsequent Interest Accrual Period.
Upon the occurrence of an Alternative Rate Event, the Trustee
shall have no responsibility for the determination of any
alternative index or the calculation of the Certificate Interest
Rates for the COFI Certificates.
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(c) If at any time after the occurrence of an
Alternative Rate Event the Federal Home Loan Bank of San
Francisco resumes publication of COFI, the Certificate Interest
Rates for the COFI Certificates for each Interest Accrual Period
commencing thereafter will be calculated by reference to COFI.
Section 5.08. Determination of LIBOR. (a) If the
outstanding Certificates include any LIBOR Certificates, then on
each LIBOR Determination Date the Trustee shall determine LIBOR
on the basis of the offered LIBOR quotations of the Reference
Banks as of 11:00 a.m. London time on such LIBOR Determination
Date as follows:
(i) If on any LIBOR Determination Date two or more of
the Reference Banks provide such offered quotations, LIBOR
for the next Interest Accrual Period will be the arithmetic
mean of such offered quotations (rounding such arithmetic
mean upwards if necessary to the nearest whole multiple of
1/16%);
(ii) If on any LIBOR Determination Date only one or
none of the Reference Banks provides such offered
quotations, LIBOR for the next Interest Accrual Period will
be whichever is the higher of (x) LIBOR as determined on
the previous LIBOR Determination Date or (y) the Reserve
Interest Rate. The "Reserve Interest Rate" will be either
(A) the rate per annum which the Trustee determines to be
the arithmetic mean (rounding such arithmetic mean upwards
if necessary to the nearest whole multiple of 1/16%) of the
one-month Eurodollar lending rates that New York City banks
selected by the Trustee are quoting, on the relevant LIBOR
Determination Date, to the principal London offices of
leading banks in the London interbank market or (B) in the
event that the Trustee can determine no such arithmetic
mean, the lowest one-month Eurodollar lending rate that the
New York City banks selected by the Trustee are quoting on
such LIBOR Determination Date to leading European banks;
and
(iii) If on any LIBOR Determination Date the Trustee is
required but is unable to determine the Reserve Interest
Rate in the manner provided in paragraph (ii) above, LIBOR
for the next Interest Accrual Period will be LIBOR as
determined on the previous LIBOR Determination Date, or, in
the case of the first LIBOR Determination Date, the Initial
LIBOR Rate.
(b) The establishment of LIBOR by the Trustee and the
Trustee's subsequent calculation of the Certificate Interest
Rates applicable to the LIBOR Certificates for the relevant
Interest Accrual Period, in the absence of manifest error, will
be final and binding. In all cases, the Trustee may conclusively
rely on quotations of LIBOR for the Reference Banks as such
127
quotations appear on the display designated "LIBO" on the Reuters
Monitor Money Rates Service.
(c) Within five Business Days of the Trustee's
calculation of the Certificate Interest Rates of the LIBOR
Certificates, the Trustee shall furnish to the Company by
telecopy (or by such other means as the Trustee and the Company
may agree from time to time) such Certificate Interest Rates.
(d) The Trustee shall provide to Certificateholders
who inquire of it by telephone (at (000) 000-0000) the
Certificate Interest Rates of the LIBOR Certificates for the
current and immediately preceding Interest Accrual Periods.
(e) As used herein, "Reference Banks" shall mean no
more than four leading banks engaged in transactions in
Eurodollar deposits in the international Eurocurrency market (i)
with an established place of business in London, England, (ii)
whose quotations appear on the "Reuters Screen LIBO Page" (as
described in the definition of LIBOR hereof) on the applicable
LIBOR Determination Date and (iii) which have been designated as
such by the Trustee and are able and willing to provide such
quotations to the Trustee on each LIBOR Determination Date. The
Reference Banks initially shall be: Barclay's plc, Bank of Tokyo,
National Westminster Bank and Trust Company and Bankers Trust
Company. If any of the initial Reference Banks should be removed
from the Reuters Screen LIBO Page or in any other way fail to
meet the qualifications of a Reference Bank, the Trustee, after
consultation with the Company, shall use its best efforts to
designate alternate Reference Banks.
ARTICLE VI
THE COMPANY
Section 6.01. Liability of the Company. The Company
shall be liable in accordance herewith only to the extent of the
obligations specifically imposed upon and undertaken by the
Company herein.
Section 6.02. Merger or Consolidation of, or
Assumption of the Obligations of, the Company. Any corporation
into which the Company may be merged or consolidated, or any
corporation resulting from any merger, conversion or
consolidation to which the Company shall be a party, or any
corporation succeeding to the business of the Company, or any
corporation, more than 50% of the voting stock of which is,
directly or indirectly, owned by General Electric Company, or any
limited partnership, the sole general partner of which is either
the Company or a corporation, more than 50% of the voting stock
of which is owned, directly or indirectly, by General Electric
128
Company, which executes an agreement of assumption to perform
every obligation of the Company hereunder, shall be the successor
of the Company hereunder, without the execution or filing of any
paper or any further act on the part of any of the parties
hereto, anything herein to the contrary notwithstanding.
Section 6.03. Assignment. The Company may assign its
rights and delegate its duties and obligations as servicer under
this Agreement; provided, that (i) the purchaser or transferee
accepting such assignment or delegation is qualified to service
mortgage loans for FNMA or FHLMC, is reasonably satisfactory to
the Trustee and executes and delivers to the Trustee an
agreement, in form and substance reasonably satisfactory to the
Trustee, which contains an assumption by such purchaser or
transferee of the due and punctual performance and observance of
each covenant and condition to be performed or observed by the
Company as servicer hereunder from and after the date of such
agreement and (ii) each Rating Agency's rating of any Classes of
Certificates in effect immediately prior to such assignment or
delegation would not be qualified, downgraded or withdrawn as a
result thereof. In the case of any such assignment or delegation,
the Company will be released from its obligations as servicer
hereunder except for liabilities and obligations as servicer
incurred prior to such assignment or delegation.
Section 6.04. Limitation on Liability of the Company
and Others. Neither the Company nor any of the directors or
officers or employees or agents of the Company shall be under any
liability to the Trust Fund or the Certificateholders for any
action taken or for refraining from the taking of any action by
the Company pursuant to this Agreement, or for errors in
judgment; provided, however, that this provision shall not
protect the Company or any such person against any liability
which would otherwise be imposed by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties of the Company or by reason of reckless disregard of
obligations and duties of the Company hereunder. The Company and
any director or officer or employee or agent of the Company may
rely in good faith on any document of any kind prima facie
properly executed and submitted by any Person respecting any
matters arising hereunder. The Company and any director or
officer or employee or agent of the Company shall be indemnified
by the Trust Fund and held harmless against any loss, liability
or expense incurred in connection with any legal action relating
to this Agreement or the Certificates, other than any loss,
liability or expense related to any specific Mortgage Loan or
Mortgage Loans (except as any such loss, liability or expense
shall be otherwise reimbursable pursuant to this Agreement) and
any loss, liability or expense incurred by reason of willful
misfeasance, bad faith or gross negligence in the performance of
duties hereunder or by reason of reckless disregard of
obligations and duties hereunder. The Company shall be under no
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obligation to appear in, prosecute or defend any legal action
which is not incidental to its duties to service the Mortgage
Loans in accordance with this Agreement and which in its opinion
may involve it in any expense or liability; provided, however,
that the Company may in its sole discretion undertake any such
action which it may deem necessary or desirable in respect of
this Agreement, and the rights and duties of the parties hereto
and the interests of the Certificateholders hereunder. In such
event, the legal expenses and costs of such action and any
liability resulting therefrom shall be expenses, costs and
liabilities of the Trust Fund and the Company shall be entitled
to be reimbursed therefor from amounts credited to the applicable
Mortgage Loan Payment Record as provided by Section 3.04.
Section 6.05. The Company Not to Resign. Subject to
the provisions of Sections 6.02 and 6.03, the Company shall not
resign from the obligations and duties hereby imposed on it
except upon determination that the performance of its duties
hereunder is no longer permissible under applicable law. Any such
determination permitting the resignation of the Company shall be
evidenced by an Opinion of Counsel to such effect delivered to
the Trustee. No such resignation shall become effective until the
Trustee or a successor servicer shall have assumed the
responsibilities and obligations of the Company in accordance
with Section 7.02.
ARTICLE VII
DEFAULT
Section 7.01. Events of Default. If any one of the
following events ("Events of Default") shall occur and be
continuing:
(i) Any failure by the Company to make any payment to
the Trustee of funds pursuant to Section 3.02(d) out of
which distributions to Certificateholders of any Class are
required to be made under the terms of the Certificates and
this Agreement which failure continues unremedied for a
period of three Business Days after the date upon which
written notice of such failure shall have been given to the
Company by the Trustee or to the Company and the Trustee by
Holders of Certificates of each Class affected thereby
evidencing, as to each such Class, Percentage Interests
aggregating not less than 25%; or
(ii) Failure on the part of the Company duly to observe
or perform in any material respect any other covenants or
agreements of the Company set forth in the Certificates or
in this Agreement, which covenants and agreements (A)
materially affect the rights of Certificateholders and (B)
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continue unremedied for a period of 60 days after the date
on which written notice of such failure, requiring the same
to be remedied, shall have been given to the Company by the
Trustee, or to the Company and the Trustee by the Holders
of Certificates of each Class affected thereby evidencing,
as to each such Class, Percentage Interests aggregating not
less than 25%; or
(iii) The entry of a decree or order by a court or
agency or supervisory authority having jurisdiction in the
premises for the appointment of a conservator, receiver or
liquidator in any insolvency, readjustment of debt,
marshalling of assets and liabilities or similar
proceedings of or relating to the Company, or for the
winding up or liquidation of the Company's affairs, and the
continuance of any such decree or order unstayed and in
effect for a period of 60 consecutive days; or
(iv) The consent by the Company to the appointment of a
conservator or receiver or liquidator in any insolvency,
readjustment of debt, marshalling of assets and liabilities
or similar proceedings of or relating to the Company or of
or relating to substantially all of its property; or the
Company shall admit in writing its inability to pay its
debts generally as they become due, file a petition to take
advantage of any applicable insolvency or reorganization
statute, make an assignment for the benefit of its
creditors, or voluntarily suspend payment of its
obligations;
then, and in each and every such case, so long as an Event of
Default shall not have been remedied by the Company, either the
Trustee, or the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage Interests
aggregating not less than 51%, by notice then given in writing to
the Company (and to the Trustee if given by the
Certificateholders) may terminate all of the rights and
obligations of the Company as servicer under this Agreement. On
or after the receipt by the Company of such written notice, all
authority and power of the Company under this Agreement, whether
with respect to the Certificates or the Mortgage Loans or
otherwise, shall pass to and be vested in the Trustee pursuant to
and under this Section 7.01; and, without limitation, the Trustee
is hereby authorized and empowered to execute and deliver, on
behalf of the Company, as attorney-in-fact or otherwise, any and
all documents and other instruments, and to do or accomplish all
other acts or things necessary or appropriate to effect the
purposes of such notice of termination, whether to complete the
transfer and endorsement of the Mortgage Loans and related
documents, or otherwise, including, without limitation, the
recordation of the assignments of the Mortgage Loans to it. The
Company agrees to cooperate with the Trustee in effecting the
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termination of the responsibilities and rights of the Company
hereunder, including, without limitation, the transfer to the
Trustee for the administration by it of all cash amounts that
shall at the time be held by the Company and that have been or
should have been credited by it to either Mortgage Loan Payment
Record, or that have been deposited by the Company in the
Certificate Account or are thereafter received by the Company
with respect to the Mortgage Loans. In addition to any other
amounts which are then, or, notwithstanding the termination of
its activities as servicer, may become, payable to the Company
under this Agreement, the Company shall be entitled to receive
out of any delinquent payment on account of interest on a
Mortgage Loan, due during the period prior to the notice pursuant
to this Section 7.01 which terminates the obligation and rights
of the Company hereunder and received after such notice, that
portion of such payment which it would have been entitled to
retain pursuant to Section 3.04(vi) if such notice had not been
given.
Section 7.02. Trustee to Act; Appointment of
Successor. (a) On and after the time the Company receives a
notice of termination pursuant to Section 7.01, the Trustee shall
be the successor in all respects to the Company in its capacity
as servicer under this Agreement and the transactions set forth
or provided for herein and shall succeed to all the rights of and
be subject to all the responsibilities, duties and liabilities
relating thereto placed on the Company in its capacity as
servicer by the terms and provisions hereof; provided, however,
that the responsibilities and duties of the Company pursuant to
Sections 2.02 and 2.03(a) and, if the Trustee is prohibited by
law or regulation from making Monthly Advances, the
responsibility to make Monthly Advances pursuant to Section 4.04,
shall not be the responsibilities, duties or obligations of the
Trustee; and provided further, that any failure of the Trustee to
perform such duties and responsibilities that is caused by the
Company's failure to cooperate with the Trustee as required by
Section 7.01 shall not be considered a default by the Trustee
hereunder. As compensation therefor, the Trustee shall, except as
provided in Section 7.01, be entitled to such compensation as the
Company would have been entitled to hereunder if no such notice
of termination had been given. Notwithstanding the above, the
Trustee may, if it shall be unwilling so to act, or shall, if it
is legally unable so to act, appoint, or petition a court of
competent jurisdiction to appoint, any established housing and
home finance institution approved to service mortgage loans for
either FNMA or FHLMC, having a net worth of not less than
$10,000,000, as the successor to the Company hereunder in the
assumption of all or any part of the responsibilities, duties or
liabilities of the Company hereunder. Pending appointment of a
successor to the Company pursuant to this Article VII, unless the
Trustee is prohibited by law from so acting, the Trustee shall
act in such capacity as hereinabove provided. In connection with
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such appointment and assumption, the Trustee may make such
arrangements for the compensation of such successor out of
payments on Mortgage Loans as it and such successor shall agree;
provided, however, that no such compensation shall be in excess
of that permitted the Company hereunder. The Trustee and such
successor shall take such action, consistent with this Agreement,
as shall be necessary to effectuate any such succession.
(b) Any successor, including the Trustee, to the
Company as servicer pursuant to this Article VII shall during the
term of its service as servicer maintain in force (i) a policy or
policies of insurance covering errors and omissions in the
performance of its obligations as servicer hereunder, and (ii) a
fidelity bond in respect of its officers, employees and agents to
the same extent as the Company is so required pursuant to Section
3.15.
Section 7.03. Notification to Certificateholders. Upon
any termination or appointment of a successor to the Company
pursuant to this Article VII, the Trustee shall give prompt
written notice thereof to Certificateholders at their respective
addresses appearing in the Certificate Register.
ARTICLE VIII
THE TRUSTEE
Section 8.01. Duties of Trustee. The Trustee, prior to
the occurrence of an Event of Default and after the curing of all
Events of Default which may have occurred, undertakes to perform
such duties and only such duties as are specifically set forth in
this Agreement. If an Event of Default has occurred (which has
not been cured), the Trustee shall exercise such of the rights
and powers vested in it by this Agreement, and use the same
degree of care and skill in their exercise, as a prudent person
would exercise or use under the circumstances in the conduct of
his or her own affairs.
The Trustee, upon receipt of all resolutions,
certificates, statements, opinions, reports, documents, orders or
other instruments furnished to the Trustee which are specifically
required to be furnished pursuant to any provision of this
Agreement, shall examine them to determine whether they conform
to the requirements of this Agreement.
No provision of this Agreement shall be construed to
relieve the Trustee from liability for its own negligent action,
its own negligent failure to act or its own misconduct; provided,
however, that:
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(i) Prior to the occurrence of an Event of Default,
and after the curing of all such Events of Default which
may have occurred, the duties and obligations of the
Trustee shall be determined solely by the express
provisions of this Agreement, the Trustee shall not be
liable except for the performance of such duties and
obligations as are specifically set forth in this
Agreement, no implied covenants or obligations shall be
read into this Agreement against the Trustee and, in the
absence of bad faith on the part of the Trustee, the
Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed
therein, upon any certificates or opinions furnished to the
Trustee and conforming to the requirements of this
Agreement;
(ii) The Trustee shall not be personally liable for an
error of judgment made in good faith by a Responsible
Officer of the Trustee, unless it shall be proved that the
Trustee was negligent in performing its duties in
accordance with the terms of this Agreement;
(iii) The Trustee shall not be personally liable with
respect to any action taken, suffered or omitted to be
taken by it in good faith in accordance with the direction
of the Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%, relating to the
time, method and place of conducting any proceeding for any
remedy available to the Trustee, or exercising any trust or
power conferred upon the Trustee, under this Agreement; and
(iv) The Trustee shall not be charged with knowledge of
(A) any failure by the Company to comply with the
obligations of the Company referred to in clauses (i) and
(ii) of Section 7.01, (B) the rating downgrade referred to
in the definition of "Trigger Event" or (C) any failure by
the Company to comply with the obligations of the Company
to record the assignments of Mortgages referred to in
Section 2.01 unless a Responsible Officer of the Trustee at
the Corporate Trust Office obtains actual knowledge of such
failures, occurrence or downgrade or the Trustee receives
written notice of such failures, occurrence or downgrade
from the Company or the Holders of Certificates of each
Class affected thereby evidencing, as to each such Class,
Percentage Interests aggregating not less than 25%.
Subject to any obligation of the Trustee to make
Monthly Advances as provided herein, the Trustee shall not be
required to expend or risk its own funds or otherwise incur
financial liability in the performance of any of its duties
hereunder, or in the exercise of any of its rights or powers, if
there is reasonable ground for believing that the repayment of
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such funds or adequate indemnity against such risk or liability
is not reasonably assured to it, and none of the provisions
contained in this Agreement shall in any event require the
Trustee to perform, or be responsible for the manner of
performance of, any of the obligations of the Company under this
Agreement, except during such time, if any, as the Trustee shall
be the successor to, and be vested with the rights, duties,
powers and privileges of, the Company in accordance with the
terms of this Agreement.
Section 8.02. Certain Matters Affecting the Trustee.
Except as otherwise provided in Section 8.01:
(i) The Trustee may conclusively rely and shall be
protected in acting or refraining from acting upon any
resolution, Officer's Certificate, certificate of auditors
or any other certificate, statement, instrument, opinion,
report, notice, request, consent, order, appraisal, bond or
other paper or document believed by it to be genuine and to
have been signed or presented by the proper party or
parties;
(ii) The Trustee may consult with counsel and any
Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken or suffered
or omitted by it hereunder in good faith and in accordance
with such Opinion of Counsel;
(iii) The Trustee shall be under no obligation to
exercise any of the rights or powers vested in it by this
Agreement, or to institute, conduct or defend any
litigation hereunder or in relation hereto, at the request,
order or direction of any of the Certificateholders,
pursuant to the provisions of this Agreement, unless such
Certificateholders shall have offered to the Trustee
reasonable security or indemnity against the costs,
expenses and liabilities which may be incurred therein or
thereby; nothing contained herein shall, however, relieve
the Trustee of the obligations, upon the occurrence of an
Event of Default (which has not been cured), to exercise
such of the rights and powers vested in it by this
Agreement, and to use the same degree of care and skill in
their exercise as a prudent person would exercise or use
under the circumstances in the conduct of his or her own
affairs;
(iv) The Trustee shall not be personally liable for any
action taken, suffered or omitted by it in good faith and
believed by it to be authorized or within the discretion or
rights or powers conferred upon it by this Agreement;
(v) Prior to the occurrence of an Event of Default and
after the curing of all Events of Default which may have
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occurred, the Trustee shall not be bound to make any
investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion,
report, notice, request, consent, order, approval, bond or
other paper or documents, unless requested in writing so to
do by Holders of Certificates of each Class affected
thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25%; provided, however,
that if the payment within a reasonable time to the Trustee
of the costs, expenses or liabilities likely to be incurred
by it in the making of such investigation is, in the
opinion of the Trustee, not reasonably assured to the
Trustee by the security afforded to it by the terms of this
Agreement, the Trustee may require reasonable indemnity
against such cost, expense or liability as a condition to
such proceeding. The reasonable expense of every such
investigation shall be paid by the Company or, if paid by
the Trustee, shall be reimbursed by the Company upon
demand. Nothing in this clause (v) shall derogate from the
obligation of the Company to observe any applicable law
prohibiting disclosure of information regarding the
Mortgagors; and
(vi) The Trustee may execute any of the trusts or
powers hereunder or perform any duties hereunder either
directly or by or through agents or attorneys or a
custodian.
Section 8.03. Trustee Not Liable for Certificates or
Mortgage Loans. The recitals contained herein and in the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) shall be taken as the statements
of the Company, and the Trustee assumes no responsibility for the
correctness of the same. The Trustee makes no representations as
to the validity or sufficiency of this Agreement or of the
Certificates (other than the signature and countersignature of
the Trustee on the Certificates) or of any Mortgage Loan or
related document. The Trustee shall not be accountable for the
use or application by the Company of any of the Certificates or
of the proceeds of such Certificates, or for the use or
application of any funds paid to the Company in respect of the
Mortgage Loans or deposited in or withdrawn from the Certificate
Account by the Company.
Section 8.04. Trustee May Own Certificates. The
Trustee in its individual or any other capacity may become the
owner or pledgee of Certificates with the same rights as it would
have if it were not Trustee.
Section 8.05. The Company to Pay Trustee's Fees and
Expenses. The Company covenants and agrees to pay to the Trustee
from time to time, and the Trustee shall be entitled to,
reasonable compensation (which shall not be limited by any
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provision of law in regard to the compensation of a trustee of an
express trust) for all services rendered by it in the execution
of the trusts hereby created and in the exercise and performance
of any of the powers and duties hereunder of the Trustee, and the
Company will pay or reimburse the Trustee upon its request for
all reasonable expenses, disbursements and advances (including
any Monthly Advances of the Trustee not previously reimbursed
thereto pursuant to Section 3.04) incurred or made by the Trustee
in accordance with any of the provisions of this Agreement
(including the reasonable compensation and the expenses and
disbursements of its counsel and of all persons not regularly in
its employ) except any such expense, disbursement or advance as
may arise from its negligence or bad faith or which is the
responsibility of Certificateholders hereunder. In addition, the
Company covenants and agrees to indemnify the Trustee from, and
hold it harmless against, any and all losses, liabilities,
damages, claims or expenses other than those resulting from the
negligence or bad faith of the Trustee. From time to time, the
Trustee may request that the Company debit each Mortgage Loan
Payment Record pursuant to Section 3.04 to reimburse the Trustee
for any related Monthly Advances and Nonrecoverable Advances.
Section 8.06. Eligibility Requirements for Trustee.
The Trustee hereunder shall at all times be a corporation having
its principal office either in the State of New York or in the
same state as that in which the initial Trustee under this
Agreement has its principal office and organized and doing
business under the laws of such State or the United States of
America, authorized under such laws to exercise corporate trust
powers, having a combined capital and surplus of at least
$50,000,000 and subject to supervision or examination by federal
or state authority. If such corporation publishes reports of
condition at least annually, pursuant to law or to the
requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section 8.06, the combined capital
and surplus of such corporation shall be deemed to be its
combined capital and surplus as set forth in its most recent
report of condition so published. The Trustee shall not be an
affiliate of the Company. In case at any time the Trustee shall
cease to be eligible in accordance with the provisions of this
Section 8.06, the Trustee shall resign immediately in the manner
and with the effect specified in Section 8.07.
Section 8.07. Resignation or Removal of Trustee. The
Trustee may at any time resign and be discharged from the trusts
hereby created by giving written notice thereof to the Company.
Upon receiving such notice of resignation, the Company shall
promptly appoint a successor Trustee by written instrument, in
duplicate, one copy of which instrument shall be delivered to the
resigning Trustee and one copy to the successor Trustee. If no
successor Trustee shall have been so appointed and having
accepted appointment within 30 days after the giving of such
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notice of resignation, the resigning Trustee may petition any
court of competent jurisdiction for the appointment of a
successor Trustee.
If the conditions in any of the following clauses (i),
(ii) or (iii) shall occur at any time, the Company may remove the
Trustee: (i) the Trustee shall cease to be eligible in accordance
with the provisions of Section 8.06 and shall fail to resign
after written request therefor by the Company; (ii) the Trustee
shall be legally unable to act, or shall be adjudged a bankrupt
or insolvent, or a receiver of the Trustee or of its property
shall be appointed, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the
purpose of rehabilitation, conservation or liquidation; or (iii)
the replacement of the Trustee with a successor Trustee will
enable the Company to avoid (and should, based on the information
included in the notice referred to below, result in the avoidance
of) a downgrading of the ratings assigned to the Certificates by
the Rating Agencies (whether or not other actions could avoid
such downgrading) and no Event of Default, as provided by Section
7.01 hereof, shall have occurred or be continuing; provided,
however, that no action shall be taken pursuant to this clause
(iii) unless reasonable notice shall have been provided to the
Trustee, which notice shall set forth the basis for any rating
downgrade as contemplated by the Rating Agencies and shall also
indicate the manner in which such proposed action is intended to
avoid such downgrade. If it removes the Trustee under the
authority of the immediately preceding sentence, the Company
shall promptly appoint a successor trustee by written instrument,
in duplicate, one copy of which instrument shall be delivered to
the Trustee so removed and one copy to the successor trustee.
Any resignation or removal of the Trustee and
appointment of a successor Trustee pursuant to any of the
provisions of this Section 8.07 shall not become effective until
acceptance of appointment by the successor Trustee as provided in
Section 8.08.
Section 8.08. Successor Trustee. Any successor Trustee
appointed as provided in Section 8.07 shall execute, acknowledge
and deliver to the Company and to its predecessor Trustee an
instrument accepting such appointment hereunder, and thereupon
the resignation or removal of the predecessor Trustee shall
become effective and such successor Trustee, without any further
act, deed or conveyance, shall become fully vested with all the
rights, powers, duties and obligations of its predecessor
hereunder, with like effect as if originally named as Trustee.
The predecessor Trustee shall deliver to the successor Trustee
all Mortgage Files and related documents and statements held by
it hereunder; and the Company and the predecessor Trustee shall
execute and deliver such instruments and do such other things as
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may reasonably be required for 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 8.08 unless at the time of such
acceptance such successor Trustee shall be eligible under the
provisions of Section 8.06.
Upon acceptance of appointment by a successor Trustee
as provided in this Section 8.08, the Company shall mail notice
of the succession of such Trustee hereunder to all holders of
Certificates at their addresses as shown in the Certificate
Register. If the Company fails to mail such notice within 10 days
after acceptance of appointment by the successor Trustee, the
successor Trustee shall cause such notice to be mailed at the
expense of the Company.
Section 8.09. Merger or Consolidation of Trustee. Any
corporation into which the Trustee may be merged or converted or
with which it may be consolidated, or any corporation resulting
from any merger, conversion or consolidation to which the Trustee
shall be a party, or any corporation succeeding to the corporate
trust business of the Trustee, shall be the successor of the
Trustee hereunder, provided that such corporation shall be
eligible under the provisions of Section 8.06, without the
execution or filing of any paper or any further act on the part
of any of the parties hereto, anything herein to the contrary
notwithstanding.
Section 8.10. Appointment of Co-Trustee or Separate
Trustee. Notwithstanding any other provisions of this Agreement,
at any time, for the purpose of meeting any legal requirements of
any jurisdiction in which any part of the Trust Fund or property
securing any Mortgage Note may at the time be located, the
Company and the Trustee acting jointly shall have the power and
shall execute and deliver all instruments to appoint one or more
Persons approved by the Trustee to act as co-trustee or
co-trustees, jointly with the Trustee, of all or any part of the
Trust Fund, or separate trustee or separate trustees of any part
of the Trust Fund, and to vest in such Person or Persons, in such
capacity and for the benefit of the Certificateholders, such
title to the Trust Fund, or any part thereof, and, subject to the
other provisions of this Section 8.10, such powers, duties,
obligations, rights and trusts as the Company and the Trustee may
consider necessary or desirable. If the Company shall not have
joined in such appointment within 15 days after the receipt by it
of a request so to do, or in case an Event of Default shall have
occurred and be continuing, the Trustee alone shall have the
power to make such appointment. No co-trustee or separate
trustee hereunder shall be required to meet the terms of
eligibility as a successor trustee under Section 8.06 and no
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notice to Certificateholders of the appointment of any co-trustee
or separate trustee shall be required under Section 8.08.
Every separate trustee and co-trustee shall, to the
extent permitted by law, be appointed and act subject to the
following provisions and conditions:
(i) All rights, powers, duties and obligations
conferred or imposed upon the Trustee shall be conferred or
imposed upon and exercised or performed by the Trustee and
such separate trustee or co-trustee jointly (it being
understood that such separate trustee or co-trustee is not
authorized to act separately without the Trustee joining in
such act), except to the extent that under any law of any
jurisdiction in which any particular act or acts are to be
performed (whether as Trustee hereunder or as successor to
the Company hereunder), the Trustee shall be incompetent or
unqualified to perform such act or acts, in which event
such rights, powers, duties and obligations (including the
holding of title to the Trust Fund or any portion thereof
in any such jurisdiction) shall be exercised and performed
singly by such separate trustee or co-trustee, but solely
at the direction of the Trustee;
(ii) No trustee hereunder shall be held personally
liable by reason of any act or omission of any other trustee
hereunder; and
(iii) The Company and the Trustee acting jointly may at
any time accept the resignation of or remove any separate
trustee or co-trustee.
Any notice, request or other writing given to the
Trustee shall be deemed to have been given to each of the then
separate trustees and co-trustees, as effectively as if given to
each of them. Every instrument appointing any separate trustee or
co-trustee shall refer to this Agreement and the conditions of
this Article VIII. Each separate trustee and co-trustee, upon its
acceptance of the trusts conferred, shall be vested with the
estates or property specified in its instrument of appointment,
either jointly with the Trustee or separately, as may be provided
therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating
to the conduct of, affecting the liability of, or affording
protection to, the Trustee. Every such instrument shall be filed
with the Trustee and a copy thereof given to the Company.
Any separate trustee or co-trustee may, at any time,
constitute the Trustee, its agent or attorney-in-fact, with full
power and authority, to the extent not prohibited by law, to do
any lawful act under or in respect of this Agreement on its
behalf and in its name. If any separate trustee or co-trustee
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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.
Section 8.11. Compliance with REMIC Provisions; Tax
Returns. The Trustee shall at all times act in such a manner in
the performance of its duties hereunder as shall be necessary to
prevent each of the Upper Tier REMIC and the Lower Tier REMIC
from failing to qualify as a REMIC and to prevent the imposition
of a tax on the Trust Fund or such REMICs. The Trustee, upon
request, will furnish the Company with all such information
within its possession as may be reasonably required in connection
with the preparation of all tax returns of the Trust Fund and any
Reserve Fund, and shall, upon request, execute such returns.
ARTICLE IX
TERMINATION
Section 9.01. Termination upon Repurchase by the
Company or Liquidation of All Mortgage Loans. Subject to Section
9.02, the respective obligations and responsibilities of the
Company and the Trustee created hereby (other than the obligation
of the Trustee to make certain payments to Certificateholders
after the final Distribution Date and the obligation of the
Trustee to send certain notices as hereinafter set forth) shall
terminate upon the last action required to be taken by the
Trustee on the final Distribution Date pursuant to this Article
IX following the earlier of (a) the repurchase by the Company of
all Mortgage Loans and all REO Mortgage Loans remaining in the
Trust Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than any REO
Mortgage Loans described in the following clause) plus accrued
and unpaid interest thereon at the applicable Net Mortgage Rate
(less any amounts constituting previously unreimbursed Monthly
Advances) to the first day of the month in which such purchase
price is to be distributed to Certificateholders and (y) the
appraised value of any REO Mortgage Loan (less the good faith
estimate of the Company of Liquidation Expenses to be incurred in
connection with its disposal thereof), such appraisal to be
conducted by an appraiser mutually agreed upon by the Company and
the Trustee, and (b) the later of the final payment or other
liquidation (or any Monthly Advance with respect thereto) of the
last Mortgage Loan remaining in the Trust Fund or the disposition
of all property acquired upon foreclosure or by deed in lieu of
foreclosure of any Mortgage Loan; provided, however, that in no
event shall the Trust Fund created hereby continue beyond the
expiration of 21 years from the death of the last survivor of the
descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the
United States of America to the Court of St. James's, living on
141
the date of this Agreement. The right of the Company to
repurchase all Mortgage Loans pursuant to clause (a) above shall
be conditioned upon the aggregate of the Scheduled Principal
Balance of the Outstanding Mortgage Loans, at the time of any
such repurchase, aggregating less than 10 percent of the
aggregate of the Scheduled Principal Balance of the Mortgage
Loans as of the Cut-off Date.
Notice of any termination, specifying the Distribution
Date upon which the Certificateholders may surrender their
Certificates to the Trustee for payment of the final distribution
and cancellation, shall be given promptly by the Trustee by
letter to Certificateholders mailed not earlier than the 15th day
and not later than the 25th day of the month next preceding the
month of such final distribution specifying (A) the Distribution
Date upon which final payment of the Certificates will be made
upon presentation and surrender of the Certificates at the office
of the Trustee therein designated, (B) the amount of any such
final payment and (C) that the Record Date otherwise applicable
to such Distribution Date is not applicable, payments being made
only upon presentation and surrender of the Certificates at the
office of the Trustee therein specified. The Trustee shall give
such notice to the Certificate Registrar at the time such notice
is given to Certificateholders. In the event such notice is given
in connection with the exercise by the Company of its right of
repurchase, the Company shall deposit in the Certificate Account
not later than 11:00 a.m. on the Business Day prior to the final
Distribution Date in next-day funds an amount equal to the price
described above. Upon presentation and surrender of the
Certificates, the Trustee shall cause to be distributed to
Certificateholders an amount equal to the price calculated as
above provided, any such repurchase being in lieu of the
distribution otherwise required to be made on the Distribution
Date upon which the repurchase is effected. Upon certification to
the Trustee by a Servicing Officer following such final deposit,
the Trustee shall promptly release to the Company the Mortgage
Files for the repurchased Mortgage Loans.
On the final Distribution Date, the Trustee shall
distribute amounts on deposit in the Certificate Account, by
Mortgage Pool, in accordance with the applicable priorities
provided by Section 4.01 or Section 2.05(d), as the case may be.
Distributions on each Certificate shall be made on the final
Distribution Date in the manner specified in Section 4.02 but
only upon presentation and surrender of the Certificates.
In the event that all of the Certificateholders shall
not surrender their Certificates for cancellation within six
months after the date specified in the above-mentioned written
notice, the Trustee shall give a second written notice to the
remaining Certificateholders to surrender their Certificates for
cancellation and receive the final distribution with respect
142
thereto. If within one year after the second notice all the
Certificates shall not have been surrendered for cancellation,
the Trustee may take appropriate steps, or may appoint an agent
to take appropriate steps, to contact the remaining
Certificateholders concerning surrender of their Certificates,
and the cost thereof shall be paid out of the funds and other
assets which remain subject hereto.
Section 9.02. Additional Termination Requirements. (a)
In the event the Company exercises its purchase option as
provided in Section 9.01, the Trust Fund and each of the Upper
Tier REMIC and the Lower Tier REMIC established hereunder shall
be terminated in accordance with the following additional
requirements, unless the Trustee has been supplied with an
Opinion of Counsel to the effect that the failure to comply with
the requirements of this Section 9.02 will not (i) result in the
imposition of taxes on "prohibited transactions" of either the
Upper Tier REMIC or the Lower Tier REMIC as defined in section
860F of the Code, or (ii) cause the Trust Fund to fail to qualify
as a REMIC at any time that any Certificates are outstanding:
(i) Within 90 days prior to the final Distribution
Date set forth in the notice given by the Trustee under
Section 9.01, the Company shall prepare and the Trustee
shall execute and adopt a plan of complete liquidation for
either the Upper Tier REMIC or the Lower Tier REMIC within
the meaning of section 860F(a)(4)(A)(i) of the Code, which
shall be evidenced by such notice; and
(ii) Within 90 days after the time of adoption of such
a plan of complete liquidation, the Trustee shall sell all
of the assets of the Trust Fund to the Company for cash in
accordance with Section 9.01.
(b) By their acceptance of the Residual Certificates,
the Holders thereof hereby authorize the Trustee to adopt such a
plan of complete liquidation which authorization shall be binding
on all successor Holders of the Residual Certificates.
(c) On the final federal income tax return for each of
the Upper Tier REMIC and the Lower Tier REMIC, the Trustee will
attach a statement specifying the date of the adoption of the
plan of liquidation.
ARTICLE X
MISCELLANEOUS PROVISIONS
Section 10.01. Amendment. This Agreement may be
amended from time to time by the Company and the Trustee, without
the consent of any of the Certificateholders, to cure any
143
ambiguity, to correct or supplement any provisions herein or
therein which may be defective or inconsistent with any other
provisions herein, or to add any other provisions with respect to
matters or questions arising under this Agreement, which shall
not be materially inconsistent with the provisions of this
Agreement; provided, however, that such action shall not, as
evidenced by an Opinion of Counsel, adversely affect in any
material respect the interests of any Certificateholder.
Notwithstanding the foregoing, without the consent of the
Certificateholders, the Trustee and the Company may at any time
and from time to time amend this Agreement to modify, eliminate
or add to any of its provisions to such extent as shall be
necessary or appropriate to maintain the qualification of each of
the Upper Tier REMIC and the Lower Tier REMIC as a REMIC under
the Code or to avoid or minimize the risk of the imposition of
any tax on the Trust Fund pursuant to the Code that would be a
claim against the Trust Fund at any time prior to the final
redemption of the Certificates, provided that the Trustee has
obtained an opinion of independent counsel (which opinion also
shall be addressed to the Company) to the effect that such action
is necessary or appropriate to maintain such qualification or to
avoid or minimize the risk of the imposition of such a tax.
This Agreement may also be amended from time to time
by the Company and the Trustee with the consent of Holders of
Certificates evidencing (i) not less than 66% of the Voting
Rights of all the Certificates or (ii) Percentage Interests
aggregating not less than 66% of each Class affected by such
amendment, for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of
this Agreement, or of modifying in any manner the rights of the
Holders of Certificates; provided, however, that no such
amendment shall (a) reduce in any manner the amount of, or delay
the timing of, collections of payments on the Mortgage Loans or
distributions which are required to be made on any Certificate
without the consent of the Holder of such Certificate, (b)
adversely affect in any material respects the interests of the
Holders of any Class of Certificates in any manner other than as
described in (a), without the consent of the Holders of
Certificates evidencing Percentage Interests aggregating not less
than 66% of such Class, or (c) reduce the aforesaid percentages
of Certificates of any Class required to consent to any such
amendment, without the consent of the Holders of all Certificates
of such Class then outstanding. For purposes of this paragraph,
references to "Holder" or "Holders" shall be deemed to include,
in the case of any Class of Book-Entry Certificates, the related
Certificate Owners.
Notwithstanding any contrary provision of this
Agreement, the Trustee shall not consent to any amendment to this
Agreement unless it shall have first received an Opinion of
Counsel to the effect that such amendment will not subject the
144
Trust Fund to tax or cause either the Upper Tier REMIC or the
Lower Tier REMIC to fail to qualify as a REMIC at any time that
any Certificates are outstanding.
Promptly after the execution of any such amendment or
consent the Trustee shall furnish written notification of the
substance of such amendment to each Certificateholder.
It shall not be necessary for the consent of
Certificateholders under this Section 10.01 to approve the
particular form of any proposed amendment, but it shall be
sufficient if such consent shall approve the substance thereof.
The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Certificateholders
shall be subject to such reasonable requirements as the Trustee
may prescribe.
Section 10.02. Recordation of Agreement. This
Agreement is subject to recordation in all appropriate public
offices for real property records in all the counties or other
comparable jurisdictions in which any or all of the properties
subject to the Mortgages are situated, and in any other
appropriate public recording office or elsewhere, such
recordation to be effected by the Company and at its expense on
direction by the Trustee, but only upon direction of the Trustee
accompanied by an Opinion of Counsel to the effect that such
recordation materially and beneficially affects the interests of
Certificateholders.
For the purpose of facilitating the recordation of
this Agreement as herein provided and for other purposes, this
Agreement may be executed simultaneously in any number of
counterparts, each of which counterparts shall be deemed to be an
original, and such counterparts shall constitute but one and the
same instrument.
Section 10.03. Limitation on Rights of
Certificateholders. The death or incapacity of any
Certificateholder shall not operate to terminate this Agreement
or the Trust Fund, nor entitle such Certificateholder's legal
representatives or heirs to claim an accounting or to take any
action or commence any proceeding in any court for a partition or
winding up of the Trust Fund, nor otherwise affect the rights,
obligations and liabilities of the parties hereto or any of them.
No Certificateholder shall have any right to vote
(except as provided in Section 10.01) or in any manner otherwise
control the operation and management of the Trust Fund, or the
obligations of the parties hereto, nor shall anything herein set
forth, or contained in the terms of the Certificates, be
construed so as to constitute the Certificateholders from time to
time as partners or members of an association; nor shall any
145
Certificateholder be under any liability to any third person by
reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
No Certificateholder shall have any right by virtue or
by availing itself of any provisions of this Agreement to
institute any suit, action or proceeding in equity or at law upon
or under or with respect to this Agreement, unless such Holder
previously shall have given to the Trustee a written notice of
default and of the continuance thereof, as hereinbefore provided,
and unless also the Holders of Certificates of each Class
affected thereby evidencing, as to each such Class, Percentage
Interests aggregating not less than 25% shall have made written
request upon the Trustee to institute such action, suit or
proceeding in its own name as Trustee hereunder and shall have
offered to the Trustee such reasonable indemnity as it may
require against the costs, expenses and liabilities to be
incurred therein or thereby, and the Trustee, for 60 days after
its receipt of such notice, request and offer of indemnity, shall
have neglected or refused to institute any such action, suit or
proceeding; it being understood and intended, and being expressly
covenanted by each Certificateholder with every other
Certificateholder and the Trustee, that no one or more Holders of
Certificates shall have any right in any manner whatever by
virtue or by availing itself or themselves of any provisions of
this Agreement to affect, disturb or prejudice the rights of the
Holders of any other of the Certificates, or to obtain or seek to
obtain priority over or preference to any other such Holder, or
to enforce any right under this Agreement, except in the manner
herein provided and for the equal, ratable and common benefit of
all Certificateholders. For the protection and enforcement of the
provisions of this Section 10.03, each and every
Certificateholder and the Trustee shall be entitled to such
relief as can be given either at law or in equity.
Section 10.04. Governing Law. THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section 10.05. Notices. All demands, notices and
communications hereunder shall be in writing and shall be deemed
to have been duly given if personally delivered at or mailed by
certified mail, return receipt requested, (a) in the case of the
Company, to GE Capital Mortgage Services, Inc., 0 Xxxxxxxxx
Xxxxxx, Xxxxxx Xxxx, Xxx Xxxxxx 00000, Attention: General
Counsel, (b) in the case of the Trustee, to State Street Bank and
Trust Company, Corporate Trust Department, 000 Xxxxxxxx Xxxxxx,
Xxxxxx, Xxxxxxxxxxxxx 00000, (c) in the case of Fitch, to Fitch
Investors Service, L.P., Xxx Xxxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx
Xxxx 00000, Attention: Structured Finance Surveillance, and (d)
in the case of S&P, to Standard & Poor's Rating Services, 26
000
Xxxxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention:
Mortgage Surveillance Group, or, as to each such Person, at such
other address as shall be designated by such Person in a written
notice to each other named Person. Any notice required or
permitted to be mailed to a Certificateholder shall be given by
first class mail, postage prepaid, at the address of such Holder
as shown in the Certificate Register. Any notice so mailed within
the time prescribed in this Agreement shall be conclusively
presumed to have been duly given, whether or not the
Certificateholder receives such notice.
Section 10.06. Notices to the Rating Agencies. The
Company shall deliver written notice of the following events to
each Rating Agency promptly following the occurrence thereof:
material amendment to this Agreement; any Event of Default; any
Trigger Event; change in or termination of the Trustee; removal
of the Company or any successor servicer as servicer; repurchase
or replacement of any Defective Mortgage Loan pursuant to Section
2.03; and final payment to Certificateholders. In addition, the
Company shall deliver copies of the following documents to each
Rating Agency at the time such documents are required to be
delivered pursuant to this Agreement: monthly statements to
Certificateholders pursuant to Section 4.05, annual report of
independent accountants pursuant to Section 3.13 and annual
servicer compliance report pursuant to Section 3.12.
Notwithstanding the foregoing, the failure to deliver such
notices or copies shall not constitute an Event of Default under
this Agreement.
Section 10.07. Severability of Provisions. If any one
or more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever held invalid, then
to the extent permitted by law such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement or of the Certificates or the
rights of the Holders thereof.
Section 10.08. Certificates Nonassessable and Fully
Paid. It is the intention of the Trustee that Certificateholders
shall not be personally liable for obligations of the Trust Fund,
that the beneficial ownership interests represented by the
Certificates shall be nonassessable for any losses or expenses of
the Trust Fund or for any reason whatsoever, and that
Certificates upon execution, countersignature and delivery
thereof by the Trustee are and shall be deemed fully paid.
* * *
IN WITNESS WHEREOF, the Company and the Trustee have
caused this Agreement to be duly executed by their respective
officers and their respective seals, duly attested, to be
hereunto affixed, all as of the day and year first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
[SEAL]
Attest:
By:___________________________
Name:
Title:
STATE STREET BANK AND
TRUST COMPANY,
as Trustee
By:______________________________
Name:
Title:
[SEAL]
Attest:
By:___________________________
Name:
Title:
State of New Jersey )
) ss.:
County of Camden )
On the 27th day of February, 1997 before me, a notary
public in and for the State of New Jersey, personally appeared
_______________________, known to me who, being by me duly sworn,
did depose and say that he/she resides at
_____________________________________________________________;
that he/she is a(n) _________________________ of GE Capital
Mortgage Services, Inc., a corporation formed under the laws of
the State of New Jersey, one of the parties that executed the
foregoing instrument; that he/she knows the seal of said
corporation; that the seal affixed to said instrument is such
corporate seal; that it was so affixed by order of the Board of
Directors of said corporation; and that he/she signed his/her
name thereto by like order.
______________________________
Notary Public
[Notarial Seal]
The Commonwealth of Massachusetts )
) ss.:
County of Suffolk )
On the 27th day of February, 1997 before me, a notary
public in and for the Commonwealth of Massachusetts, personally
appeared ____________________, known to me who, being by me duly
sworn, did depose and say that he/she resides at
_____________________________________________________________;
that he/she is a(n) __________________________________ of State
Street Bank and Trust Company, one of the parties that executed
the foregoing instrument; that he/she knows the seal of said
Bank; that the seal affixed to said instrument is such corporate
seal; that it was so affixed by order of the Board of Directors
of said Bank; and that he/she signed his/her name thereto by
order of the Board of Directors of said Bank.
______________________________
Notary Public
[Notarial Seal]
EXHIBIT A
FORMS OF CERTIFICATES
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A1 Certificate
Principal Balance:
Class 1-A1 $51,348,218.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A1 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree. Except
as otherwise provided in the Agreement, the final distribution on
this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of
such distribution and only upon presentation and surrender of
this Certificate at the office or agency maintained for that
purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-2, issued in forty-two Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4, Class 2-B5 and Class 2-S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans in respect
of Pool 1 resulting from defaults by Mortgagors will be borne by
the Holders of the Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4 and Class 1-B5 Certificates before such losses
will be borne by the Holders of the other Classes of the Pool 1
Certificates. In addition, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-A17 Certificates before
such losses will be borne by the Holders of the Class 1-A7
Certificates.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans in respect
of Pool 2 resulting from defaults by Mortgagors will be borne by
the Holders of the Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 and Class 2-B5 Certificates before such losses
will be borne by the Holders of the other Classes of the Pool 2
Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-A17, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1,
Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate
which is in the form of a Definitive Certificate shall be made to
any Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an expense
of the Trustee or the Company, to the effect that the purchase and
holding of such Certificate will not constitute or result in
the assets of the Trust Fund being deemed to be "plan assets" and
subject to the prohibited transaction provisions of ERISA or
Section 4975 and will not subject the Trustee or the Company to
any obligation in addition to those undertaken in the Agreement;
provided, however, that the Trustee will not require such
certificate or opinion in the event that, as a result of a change
of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding
of a Class 1-A17, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person
that is purchasing or holding such Certificate with the assets of
a Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R or Class RL Certificate shall
be made to any Person unless the Trustee has received a certificate
from such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R or Class RL Certificate or (y) is an
insurance company investing assets of its general account and the
Exemption applies to such transferee's acquisition and holding of
any such Class R or Class RL Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates as of
the Cut-off Date. The Company's exercise of such right will
result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_____________________________
Name:
Title:
Countersigned:
By______________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:__________________________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_______________________________________________________________
_______________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_______________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
Dated:________________
_____________________________________
Signature by or on behalf of assignor
_____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A2 Certificate
Principal Balance:
Class 1-A2 $65,627,405.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.75% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A2 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A3 Certificate
Principal Balance:
Class 1-A3 $5,215,005.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A3 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A4 Certificate
Principal Balance:
Class 1-A4 $59,275,041.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A4 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A5 Certificate
Principal Balance:
Class 1-A5 $25,181,058.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A5 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A6 Certificate
Principal Balance:
Class 1-A6 $18,750,423.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A6 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT IN A TRANSACTION EXEMPT
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, IN EACH
CASE IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY
STATE OF THE UNITED STATES. NO REPRESENTATION IS MADE AS TO THE
AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF
THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A7 Certificate
Principal Balance:
Class 1-A7 $96,017,481.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A7 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other means
of payment as such Person and the Trustee shall agree. Except as
otherwise provided in the Agreement, the final distribution
on this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of
such distribution and only upon presentation and surrender of
this Certificate at the office or agency maintained for that
purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-2, issued in forty-two Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4, Class 2-B5 and Class 2-S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A17 Certificates
before such losses will be borne by the Holders of the Class 1-A7
Certificates.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans in respect
of Pool 2 resulting from defaults by Mortgagors will be borne by
the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-A17, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1,
Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate
which is in the form of a Definitive Certificate shall be made to
any Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an expense
of the Trustee or the Company, to the effect that the purchase and
holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class 1-A17, Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class
2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan
or a Person that is purchasing or holding such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975.
No transfer of any Class R or Class RL Certificate shall be
made to any Person unless the Trustee has received a certificate
from such transferee to the effect that, among other things, such
transferee (x) is not an employee benefit plan subject to ERISA
or a Plan or a Person that is using the assets of a Plan to
acquire any such Class R or Class RL Certificate or (y) is an
insurance company investing assets of its general account and the
Exemption applies to such transferee's acquisition and holding of
any such Class R or Class RL Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates as of
the Cut-off Date. The Company's exercise of such right will
result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:___________________________
Name:
Title:
Countersigned:
By___________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_______________________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
______________________________________________________________
______________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
______________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
______________________________________________________________
______________________________________________________________
______________________________________________________________
Dated:________________
_____________________________________
Signature by or on behalf of assignor
______________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
In connection with any transfer of this
Certificate, the undersigned registered holder hereof confirms
that without utilizing any general solicitation or general
advertising:
(Check One) -
[ ] (a) This Certificate is being
transferred by the undersigned to a person
whom the undersigned reasonably believes is
a "qualified institutional buyer" (as
defined in Rule 144A under the Securities
Act of 1933, as amended) pursuant to the
exemption from registration under the
Securities Act of 1933, as amended, provided
by Rule 144A thereunder.
[ ] (b) This Certificate is being transferred
by the undersigned to an institutional
"accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D
under the Securities Act of 1933, as amended)
and that the undersigned has been advised by
the prospective purchaser that it intends to
hold this Certificate for investment and not
for distribution or resale.
Dated________________ ______________________________________
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that it is
a "qualified institutional buyer" (as defined in Rule 144A under the
Securities Act of 1933, as amended) and acknowledges that it
has received such information regarding the Company as the
undersigned has requested pursuant to Rule 144A or has determined
not to request such information and that it is aware that the
registered holder is relying upon the undersigned's foregoing
representations in order to claim the exemption from registration
provided by Rule 144A.
Dated________________ ______________________________________
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended.
Dated________________ ______________________________________
(Signature)
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A8 Certificate
Principal Balance:
Class 1-A8 $7,500,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A8 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A9 Certificate
Principal Balance:
Class 1-A9 $1,500,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A9 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A10 Certificate
Principal Balance:
Class 1-A10 $9,542,448.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A10 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A11 Certificate
Principal Balance:
Class 1-A11 $25,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A11 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A12 Certificate
Principal Balance:
Class 1-A12 $5,886,977.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A12 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A13 Certificate
Principal Balance:
Class 1-A13 $1,752,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.75% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A13 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A14 Certificate
Principal Balance:
Class 1-A14 $292,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A14 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A15 Certificate
Principal Balance:
Class 1-A15 $8,900,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A15 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A16 Certificate
Principal Balance:
Class 1-A16 $42,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A16 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-A17 Certificate
Principal Balance:
Class 1-A17 $3,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-A17 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A1 Certificate
Principal Balance:
Class 2-A1 $15,244,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A1 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A2 Certificate
Principal Balance:
Class 2-A2 $13,163,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A2 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A3 Certificate
Principal Balance:
Class 2-A3 $12,831,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 6.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A3 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE NOTIONAL PRINCIPAL BALANCE HEREOF, WHICH IS EQUAL TO THE
CLASS CERTIFICATE PRINCIPAL BALANCE OF ANOTHER CLASS OF
CERTIFICATES. ACCORDINGLY, THE NOTIONAL PRINCIPAL BALANCE OF THIS
CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL
PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS
CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE
CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED
HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of a pool of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A4 Notional
Principal Balance:
Class 2-A4 $1,856,714.00
Certificate Interest Initial Notional Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Notional
Principal Balance of this Certificate by the aggregate initial
Notional Principal Balance of all Class 2-A4 Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") of conventional, fixed rate, one- to four-family mortgage
loans (the "Mortgage Loans"), sold and serviced by GE Capital
Mortgage Services, Inc., a corporation organized and existing
under the laws of the State of New Jersey (the "Company"). The
Trust Fund was created pursuant to a Pooling and Servicing
Agreement dated as of February 1, 1997 (the "Agreement") between
the Company and State Street Bank and Trust Company, as trustee
(the "Trustee"), a summary of certain of the pertinent provisions
of which is set forth herein below. To the extent not defined
herein, the terms used herein have the meanings assigned in the
Agreement. This Certificate is issued under and is subject to the
terms, provisions and conditions of the Agreement, to which
Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A5 Certificate
Principal Balance:
Class 2-A5 $24,799,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A5 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A6 Certificate
Principal Balance:
Class 2-A6 $12,513,793.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A6 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-A7 Certificate
Principal Balance:
Class 2-A7 $9,000,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-A7 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-M Certificate
Principal Balance:
Class 1-M $9,007,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") of conventional, fixed rate, one- to four-family mortgage
loans (the "Mortgage Loans"), sold and serviced by GE Capital
Mortgage Services, Inc., a corporation organized and existing
under the laws of the State of New Jersey (the "Company"). The
Trust Fund was created pursuant to a Pooling and Servicing
Agreement dated as of February 1, 1997 (the "Agreement") between
the Company and State Street Bank and Trust Company, as trustee
(the "Trustee"), a summary of certain of the pertinent provisions
of which is set forth herein below. To the extent not defined
herein, the terms used herein have the meanings assigned in the
Agreement. This Certificate is issued under and is subject to the
terms, provisions and conditions of the Agreement, to which
Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final distribution
on this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of
such distribution and only upon presentation and surrender of
this Certificate at the office or agency maintained for that
purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-2, issued in forty-two Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4, Class 2-B5 and Class 2-S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A17 Certificates
before such losses will be borne by the Holders of the Class 1-A7
Certificates.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans in respect
of Pool 2 resulting from defaults by Mortgagors will be borne by
the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-A17, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1,
Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate
which is in the form of a Definitive Certificate shall be made to
any Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an expense
of the Trustee or the Company, to the effect that the purchase and
holding of such Certificate will not constitute or result in
the assets of the Trust Fund being deemed to be "plan assets" and
subject to the prohibited transaction provisions of ERISA or
Section 4975 and will not subject the Trustee or the Company to
any obligation in addition to those undertaken in the Agreement;
provided, however, that the Trustee will not require such
certificate or opinion in the event that, as a result of a change
of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding
of a Class 1-A17, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person
that is purchasing or holding such Certificate with the assets of
a Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general account
and the Exemption applies to such transferee's acquisition and
holding of any such Class R or Class RL Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates as of
the Cut-off Date. The Company's exercise of such right will
result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:______________________________
Name:
Title:
Countersigned:
By_________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_____________________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
______________________________________________________________
______________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
______________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
______________________________________________________________
______________________________________________________________
______________________________________________________________
Dated:_________________
_______________________________________
Signature by or on behalf of assignor
__________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B1 Certificate
Principal Balance:
Class 1-B1 $4,503,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B1 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B2 Certificate
Principal Balance:
Class 1-B2 $4,503,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B2 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-M Certificate
Principal Balance:
Class 2-M $900,265.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-M Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") of conventional, fixed rate, one- to four-family mortgage
loans (the "Mortgage Loans"), sold and serviced by GE Capital
Mortgage Services, Inc., a corporation organized and existing
under the laws of the State of New Jersey (the "Company"). The
Trust Fund was created pursuant to a Pooling and Servicing
Agreement dated as of February 1, 1997 (the "Agreement") between
the Company and State Street Bank and Trust Company, as trustee
(the "Trustee"), a summary of certain of the pertinent provisions
of which is set forth herein below. To the extent not defined
herein, the terms used herein have the meanings assigned in the
Agreement. This Certificate is issued under and is subject to the
terms, provisions and conditions of the Agreement, to which
Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B1 Certificate
Principal Balance:
Class 2-B1 $450,132.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B1 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B2 Certificate
Principal Balance:
Class 2-B2 $450,132.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B2 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B3 Certificate
Principal Balance:
Class 1-B3 $2,252,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B3 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final distribution
on this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of
such distribution and only upon presentation and surrender of
this Certificate at the office or agency maintained for that
purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-2, issued in forty-two Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4, Class 2-B5 and Class 2-S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A17 Certificates
before such losses will be borne by the Holders of the Class 1-A7
Certificates.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans in respect
of Pool 2 resulting from defaults by Mortgagors will be borne by
the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-A17, Class 1-M, Class 1-B1, Class
1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1,
Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate
which is in the form of a Definitive Certificate shall be made to
any Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an expense
of the Trustee or the Company, to the effect that the purchase and
holding of such Certificate will not constitute or result in
the assets of the Trust Fund being deemed to be "plan assets" and
subject to the prohibited transaction provisions of ERISA or
Section 4975 and will not subject the Trustee or the Company to
any obligation in addition to those undertaken in the Agreement;
provided, however, that the Trustee will not require such
certificate or opinion in the event that, as a result of a change
of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding
of a Class 1-A17, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person
that is purchasing or holding such Certificate with the assets of
a Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general account
and the Exemption applies to such transferee's acquisition and
holding of any such Class R or Class RL Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates as of
the Cut-off Date. The Company's exercise of such right will
result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_____________________________
Name:
Title:
Countersigned:
By_________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_____________________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
_________________________________________________________________
_________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
_________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
Dated:___________________
_________________________________________
Signature by or on behalf of assignor
____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated____________________ ____________________________________
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it has
received such information as the undersigned has requested
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
Dated____________________ ____________________________________
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated____________________ ____________________________________
(Signature)
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN.
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B4 Certificate
Principal Balance:
Class 1-B4 $676,000.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B4 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-B5 Certificate
Principal Balance:
Class 1-B5 $1,576,675.22
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-B5 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN.
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B3 Certificate
Principal Balance:
Class 2-B3 $270,079.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B3 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN.
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B4 Certificate
Principal Balance:
Class 2-B4 $180,053.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B4 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO
CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE
AGREEMENT REFERRED TO HEREIN.
THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS
SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO
SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED
("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS
OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED
HEREIN.
THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN
OTHER RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-B5 Certificate
Principal Balance:
Class 2-B5 $225,068.19
Certificate Interest Initial Certificate Principal
Rate per annum: 7.00% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-B5 Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR
BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE REMIC TO
PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER" FOR PURPOSES OF
SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE, WITH
RESPECT TO THE TRUST FUND.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class R Certificate
Principal Balance:
Class R $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class R Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") of conventional, fixed rate, one- to four-family mortgage
loans (the "Mortgage Loans"), sold and serviced by GE Capital
Mortgage Services, Inc., a corporation organized and existing
under the laws of the State of New Jersey (the "Company"). The
Trust Fund was created pursuant to a Pooling and Servicing
Agreement dated as of February 1, 1997 (the "Agreement") between
the Company and State Street Bank and Trust Company, as trustee
(the "Trustee"), a summary of certain of the pertinent provisions
of which is set forth herein below. To the extent not defined
herein, the terms used herein have the meanings assigned in the
Agreement. This Certificate is issued under and is subject to the
terms, provisions and conditions of the Agreement, to which
Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final distribution
on this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of
such distribution and only upon presentation and surrender of
this Certificate at the office or agency maintained for that
purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-2, issued in forty-two Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4, Class 2-B5 and Class 2-S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans in respect
of Pool 1 resulting from defaults by Mortgagors will be borne by
the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A17 Certificates
before such losses will be borne by the Holders of the Class 1-A7
Certificates.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans in respect
of Pool 2 resulting from defaults by Mortgagors will be borne by
the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-A17, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1,
Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate
which is in the form of a Definitive Certificate shall be made to
any Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an expense
of the Trustee or the Company, to the effect that the purchase and
holding of such Certificate will not constitute or result in
the assets of the Trust Fund being deemed to be "plan assets" and
subject to the prohibited transaction provisions of ERISA or
Section 4975 and will not subject the Trustee or the Company to
any obligation in addition to those undertaken in the Agreement;
provided, however, that the Trustee will not require such
certificate or opinion in the event that, as a result of a change
of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding
of a Class 1-A17, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person
that is purchasing or holding such Certificate with the assets of
a Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general account
and the Exemption applies to such transferee's acquisition and
holding of any such Class R or Class RL Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates as of
the Cut-off Date. The Company's exercise of such right will
result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:_____________________________
Name:
Title:
Countersigned:
By_____________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:_________________________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
__________________________________________________________________
__________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
__________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
Dated:__________________
________________________________________
Signature by or on behalf of assignor
____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION
5.02 OF THE AGREEMENT.
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A
"RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT
CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS
860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY
ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE
SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH
IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT
TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A
DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE
SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR
OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY
THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE
CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY
CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY
NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT
AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON
TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR
BOOK-ENTRY NOMINEES.
THE HOLDER OF THIS CLASS RL CERTIFICATE, BY ACCEPTANCE HEREOF, IS
DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY AS ITS AGENT AND
ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE REMIC TO
PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER" FOR PURPOSES OF
SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE, WITH
RESPECT TO THE TRUST FUND.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class RL Certificate
Principal Balance:
Class RL $100.00
Certificate Interest Initial Certificate Principal
Rate per annum: 7.50% Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date: CUSIP: 00000X0X0
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class RL Certificates, both
as specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") of conventional, fixed rate, one- to four-family mortgage
loans (the "Mortgage Loans"), sold and serviced by GE Capital
Mortgage Services, Inc., a corporation organized and existing
under the laws of the State of New Jersey (the "Company"). The
Trust Fund was created pursuant to a Pooling and Servicing
Agreement dated as of February 1, 1997 (the "Agreement") between
the Company and State Street Bank and Trust Company, as trustee
(the "Trustee"), a summary of certain of the pertinent provisions
of which is set forth herein below. To the extent not defined
herein, the terms used herein have the meanings assigned in the
Agreement. This Certificate is issued under and is subject to the
terms, provisions and conditions of the Agreement, to which
Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-PO Certificate
Principal Balance:
Class 1-PO $1,047,553.00
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
February 1, 1997 CUSIP: 00000X0X0
First Distribution Date:
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 1-PO Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final distribution
on this Certificate will be made in the applicable manner described
above, after due notice by the Trustee of the pendency of
such distribution and only upon presentation and surrender of
this Certificate at the office or agency maintained for that
purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-2, issued in forty-two Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4, Class 2-B5 and Class 2-S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A17 Certificates
before such losses will be borne by the Holders of the Class 1-A7
Certificates.
As provided in the Agreement and with certain exceptions
therein provided, certain losses on the Mortgage Loans in respect
of Pool 2 resulting from defaults by Mortgagors will be borne by
the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-A17, Class 1-M, Class 1-B1,
Class 1-B2, Class 1-B3, Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1,
Class 2-B2, Class 2-B3, Class 2-B4 or Class 2-B5 Certificate
which is in the form of a Definitive Certificate shall be made to
any Person unless the Trustee has received (i) a certificate from
such transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an expense
of the Trustee or the Company, to the effect that the purchase and
holding of such Certificate will not constitute or result in
the assets of the Trust Fund being deemed to be "plan assets" and
subject to the prohibited transaction provisions of ERISA or
Section 4975 and will not subject the Trustee or the Company to
any obligation in addition to those undertaken in the Agreement;
provided, however, that the Trustee will not require such
certificate or opinion in the event that, as a result of a change
of law or otherwise, counsel satisfactory to the Trustee has
rendered an opinion to the effect that the purchase and holding
of a Class 1-A17, Class 1-M, Class 1-B1, Class 1-B2, Class 1-B3,
Class 1-B4, Class 1-B5, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4 or Class 2-B5 Certificate by a Plan or a Person
that is purchasing or holding such Certificate with the assets of
a Plan will not constitute or result in a prohibited transaction
under ERISA or Section 4975.
No transfer of any Class R or Class RL Certificate
shall be made to any Person unless the Trustee has received a
certificate from such transferee to the effect that, among other
things, such transferee (x) is not an employee benefit plan
subject to ERISA or a Plan or a Person that is using the assets
of a Plan to acquire any such Class R or Class RL Certificate or
(y) is an insurance company investing assets of its general account
and the Exemption applies to such transferee's acquisition and
holding of any such Class R or Class RL Certificate.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees.
The Certificates are issuable only as registered
Certificates without coupons in denominations specified in the
Agreement. As provided in the Agreement and subject to certain
limitations therein set forth, Certificates are exchangeable for
new Certificates of the same Class of authorized denominations
evidencing the same aggregate Percentage Interest as requested by
the Holder surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates as of
the Cut-off Date. The Company's exercise of such right will
result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL)
By:______________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:____________________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security
or other identifying number of assignee
__________________________________________________________________
__________________________________________________________________
(Please print or typewrite name and address
including postal zip code of assignee)
__________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
Dated:____________________
_________________________________________
Signature by or on behalf of assignor
____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET
FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE
CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY
BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS
CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT
REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE
SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED.
UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION ("DTC"), TO ISSUER OR ITS AGENT FOR REGISTRATION OF
TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS
REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS
AN INTEREST HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-PO Certificate
Principal Balance:
Class 2-PO $127,781.00
Certificate Interest Initial Certificate Principal
Rate per annum: Balance of this Certificate:
non-interest bearing $
Cut-off Date:
February 1, 1997 CUSIP: 00000X0X0
First Distribution Date:
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Certificate
Principal Balance of this Certificate by the aggregate initial
Certificate Principal Balance of all Class 2-PO Certificates,
both as specified above) in certain distributions with respect to
the Trust Fund, consisting primarily of two pools ("Pool 1" and
"Pool 2") of conventional, fixed rate, one- to four-family
mortgage loans (the "Mortgage Loans"), sold and serviced by GE
Capital Mortgage Services, Inc., a corporation organized and
existing under the laws of the State of New Jersey (the
"Company"). The Trust Fund was created pursuant to a Pooling and
Servicing Agreement dated as of February 1, 1997 (the
"Agreement") between the Company and State Street Bank and Trust
Company, as trustee (the "Trustee"), a summary of certain of the
pertinent provisions of which is set forth herein below. To the
extent not defined herein, the terms used herein have the
meanings assigned in the Agreement. This Certificate is issued
under and is subject to the terms, provisions and conditions of
the Agreement, to which Agreement the Holder of this Certificate
by virtue of the acceptance hereof assents and by which such
Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE CLASS 1-S NOTIONAL PRINCIPAL BALANCE, WHICH, AS OF ANY
DISTRIBUTION DATE, IS EQUAL TO THE POOL SCHEDULED PRINCIPAL
BALANCE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN).
CONSEQUENTLY, THE NOTIONAL PRINCIPAL BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE
DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL
MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
[THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF
THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY
ONLY BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.]1
[THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.]2
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
--------
1 To be included in Class 1-S Certificate issued to the
Company.
2 To be included only in Class 1-S Certificate issued
upon resale by the Company, unless such Certificate
has been registered under the Act.
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 1-S Notional
Principal Balance:
Class 1-S $400,593,544.38
Certificate Interest Initial Notional Principal
Rate per annum: variable Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date:
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Notional
Principal Balance of this Certificate by the aggregate initial
Notional Principal Balance of all Class 1-S Certificates, both as
specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") of conventional, fixed rate, one- to four-family mortgage
loans (the "Mortgage Loans"), sold and serviced by GE Capital
Mortgage Services, Inc., a corporation organized and existing
under the laws of the State of New Jersey (the "Company"). The
Trust Fund was created pursuant to a Pooling and Servicing
Agreement dated as of February 1, 1997 (the "Agreement") between
the Company and State Street Bank and Trust Company, as trustee
(the "Trustee"), a summary of certain of the pertinent provisions
of which is set forth herein below. To the extent not defined
herein, the terms used herein have the meanings assigned in the
Agreement. This Certificate is issued under and is subject to the
terms, provisions and conditions of the Agreement, to which
Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the
Trustee by check or money order mailed to the Person entitled
thereto at the address appearing in the Certificate Register or,
upon written request by the Certificateholder, by such other
means of payment as such Person and the Trustee shall agree.
Except as otherwise provided in the Agreement, the final
distribution on this Certificate will be made in the applicable
manner described above, after due notice by the Trustee of the
pendency of such distribution and only upon presentation and
surrender of this Certificate at the office or agency maintained
for that purpose by the Trustee in New York, New York.
This Certificate is one of a duly authorized issue of
Certificates designated as REMIC Multi-Class Pass-Through
Certificates, Series 1997-2, issued in forty-two Classes (Class
1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class 1-A5, Class 1-A6,
Class 1-A7, Class 1-A8, Class 1-A9, Class 1-A10, Class 1-A11,
Class 1-A12, Class 1-A13, Class 1-A14, Class 1-A15, Class 1-A16,
Class 1-A17, Class 1-PO, Class 1-M, Class 1-B1, Class 1-B2, Class
1-B3, Class 1-B4, Class 1-B5, Class 1-S, Class R, Class RL, Class
2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class 2-A5, Class 2-A6,
Class 2-A7, Class 2-PO, Class 2-M, Class 2-B1, Class 2-B2, Class
2-B3, Class 2-B4, Class 2-B5 and Class 2-S, herein called the
"Certificates").
The Certificates are limited in right of payment to
certain payments on and collections in respect of the Mortgage
Loans, all as more specifically set forth in the Agreement. The
Certificateholder, by its acceptance of this Certificate, agrees
that it will look solely to the funds on deposit in the
Certificate Account for payment hereunder and that the Trustee in
its individual capacity is not personally liable to the
Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the
Agreement, subject to any liability under the Agreement.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 1 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 1-M, Class 1-B1, Class 1-B2,
Class 1-B3, Class 1-B4 and Class 1-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 1 Certificates. In addition, certain losses on the Mortgage
Loans in respect of Pool 1 resulting from defaults by Mortgagors
will be borne by the Holders of the Class 1-A17 Certificates
before such losses will be borne by the Holders of the Class 1-A7
Certificates.
As provided in the Agreement and with certain
exceptions therein provided, certain losses on the Mortgage Loans
in respect of Pool 2 resulting from defaults by Mortgagors will
be borne by the Holders of the Class 2-M, Class 2-B1, Class 2-B2,
Class 2-B3, Class 2-B4 and Class 2-B5 Certificates before such
losses will be borne by the Holders of the other Classes of the
Pool 2 Certificates.
This Certificate does not purport to summarize the
Agreement and reference is made to the Agreement for the
interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties
and immunities of the Trustee.
The Agreement permits, with certain exceptions therein
provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the
Certificateholders under the Agreement at any time by the Company
and the Trustee with the consent of the Holders of Certificates
evidencing not less than 66% of all the Voting Rights as defined
in the Agreement. Any such consent by the Holder of this
Certificate shall be conclusive and binding on such Holder and
upon all future Holders of this Certificate and of any
Certificate issued upon the transfer hereof or in exchange
herefor or in lieu hereof whether or not notation of such consent
is made upon this Certificate. The Agreement also permits the
amendment thereof, in certain limited circumstances, without the
consent of the Holders of any of the Certificates.
No transfer of any Class 1-S Certificate which is in
the form of a Definitive Certificate shall be made to any Person
unless the Trustee has received (i) a certificate from such
transferee to the effect that such transferee (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended ("ERISA") or a plan subject to
Section 4975 of the Internal Revenue Code of 1986, as amended
("Section 4975") (a "Plan") or a Person that is using the assets
of a Plan to acquire such Certificate or (y) is an insurance
company investing assets of its general account and the exemption
provided by Section III(a) of Department of Labor Prohibited
Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995)
(the "Exemption") applies to such transferee's acquisition and
holding of such Certificate, or (ii) an opinion of counsel
satisfactory to the Trustee, which opinion shall not be an
expense of the Trustee or the Company, to the effect that the
purchase and holding of such Certificate will not constitute or
result in the assets of the Trust Fund being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 and will not subject the Trustee or the
Company to any obligation in addition to those undertaken in the
Agreement; provided, however, that the Trustee will not require
such certificate or opinion in the event that, as a result of a
change of law or otherwise, counsel satisfactory to the Trustee
has rendered an opinion to the effect that the purchase and
holding of a Class 1-S Certificate by a Plan or a Person that is
purchasing or holding such Certificate with the assets of a Plan
will not constitute or result in a prohibited transaction under
ERISA or Section 4975.
As provided in the Agreement, and subject to certain
limitations therein set forth, the transfer of this Certificate
is registerable in the Certificate Register of the Trustee upon
surrender of this Certificate for registration of transfer at the
office or agency maintained by the Trustee in the city in which
the Corporate Trust Office of the Trustee is located or in the
City of New York, accompanied by a written instrument of transfer
in form satisfactory to the Company, the Trustee, and the
Certificate Registrar duly executed by the Holder hereof or such
Holder's attorney duly authorized in writing, and thereupon one
or more new Certificates of the same Class of authorized
denominations evidencing the same aggregate Percentage Interest
will be issued to the designated transferee or transferees. The
Certificates are issuable only as registered Certificates without
coupons in denominations specified in the Agreement. As provided
in the Agreement and subject to certain limitations therein set
forth, Certificates are exchangeable for new Certificates of the
same Class of authorized denominations evidencing the same
aggregate Percentage Interest as requested by the Holder
surrendering the same.
No service charge will be made for any such
registration of transfer or exchange, but the Trustee may require
payment of a sum sufficient to cover any tax or other
governmental charge payable in connection therewith.
The Trustee and the Certificate Registrar and any
agent of the Trustee or the Certificate Registrar may treat the
Person in whose name this Certificate is registered as the owner
hereof for all purposes, and neither the Trustee, the Certificate
Registrar nor any such agent shall be affected by any notice to
the contrary.
The obligations and responsibilities created by the
Agreement, and the Trust Fund created thereby shall terminate
upon payment to the Certificateholders, or provision therefor, in
accordance with the Agreement following the earlier of (a) the
repurchase by the Company of all Mortgage Loans and all property
acquired in respect of any Mortgage Loan remaining in the Trust
Fund at a price equal to the sum of (x) 100% of the unpaid
principal balance of each Mortgage Loan (other than a Mortgage
Loan described in clause (y)) plus accrued and unpaid interest
thereon at the rate provided for in the Agreement (less any
amounts representing previously unreimbursed Monthly Advances)
and (y) the appraised value of any property acquired in respect
of a Mortgage Loan determined as provided in the Agreement, and
(b) the later of the final payment or other liquidation (or any
Monthly Advance with respect thereto) of the last Mortgage Loan
remaining in the Trust Fund and the disposition of all property
acquired upon foreclosure or by deed in lieu of foreclosure of
any Mortgage Loan. The right of the Company to repurchase all the
Mortgage Loans and property in respect of Mortgage Loans is
subject to the Scheduled Principal Balance of all the
Certificates at the time of repurchase being less than 10 percent
of the Scheduled Principal Balance of all the Certificates as of
the Cut-off Date. The Company's exercise of such right will
result in early retirement of the Certificates.
Unless this Certificate has been countersigned by the
Trustee, by manual signature, this Certificate shall not be
entitled to any benefit under the Agreement or be valid for any
purpose.
IN WITNESS WHEREOF, the Trustee has caused this
Certificate to be duly executed under its official seal.
STATE STREET BANK AND TRUST
COMPANY, not in its individual
capacity but solely as Trustee
(SEAL) By:___________________________
Name:
Title:
Countersigned:
By________________________
Authorized Signatory of
STATE STREET BANK AND TRUST COMPANY,
not in its individual capacity but
solely as Trustee
Dated:____________________
ASSIGNMENT
FOR VALUE RECEIVED the undersigned hereby sell(s),
assign(s) and transfer(s) unto
Please insert social security or other identifying number of
assignee
__________________________________________________________________
__________________________________________________________________
(Please print or typewrite name and address including postal zip
code of assignee)
__________________________________________________________________
this Certificate evidencing a Percentage Interest in certain
distributions with respect to the Trust Fund and hereby
authorizes the transfer of registration of such interest to
assignee on the Certificate Register of said Trust Fund.
I (we) further direct the Certificate Registrar to
issue a new Certificate of like Class and Percentage Interest, to
the above named assignee and deliver such Certificate to the
following address:
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
Dated:_________________
________________________________________
Signature by or on behalf of assignor
_____________________________
*Signature Guaranteed*
*The signature hereon must be guaranteed by a bank, trust company
or broker of the signatory who is a member of a signature
guarantee medallion program.
[In connection with any transfer of this Certificate,
the undersigned registered holder hereof confirms that without
utilizing any general solicitation or general advertising:
(Check One) -
|_| (a) This Certificate is being transferred by the
undersigned to a person whom the undersigned
reasonably believes is a "qualified
institutional buyer" (as defined in Rule 144A
under the Securities Act of 1933, as amended)
pursuant to the exemption from registration
under the Securities Act of 1933, as amended,
provided by Rule 144A thereunder.
|_| (b) This Certificate is being transferred by the
undersigned to an institutional "accredited
investor" (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the
Securities Act of 1933, as amended) and that
the undersigned has been advised by the
prospective purchaser that it intends to hold
this Certificate for investment and not for
distribution or resale.
Dated_____________________ _________________________________
(Signature)
If none of the foregoing boxes is checked, the Trustee shall not
be obligated to register this Certificate in the name of any
person other than the registered holder thereof unless and until
the conditions to any such transfer of registration set forth
herein, and in the Pooling and Servicing Agreement have been
satisfied.
TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
a "qualified institutional buyer" (as defined in Rule 144A under
the Securities Act of 1933, as amended) and acknowledges that it
has received such information as the undersigned has requested
pursuant to Rule 144A or has determined not to request such
information and that it is aware that the registered holder is
relying upon the undersigned's foregoing representations in order
to claim the exemption from registration provided by Rule 144A,
and (ii) the undersigned (x) is not an employee benefit plan
subject to the Employee Retirement Income Security Act of 1974,
as amended, or a plan subject to Section 4975 of the Internal
Revenue Code of 1986, as amended, and is not using the assets of
any such employee benefit or other plan to acquire this
Certificate or (y) is an insurance company investing assets of
its general account and the exemptions provided by Section III(a)
of Department of Labor Prohibited Transaction Exemption 95-60, 60
Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and
holding by the undersigned of this Certificate.
Dated_____________________ _________________________________
(Signature)
TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED:
The undersigned represents and warrants that (i) it is
an institutional "accredited investor" (as defined in Rule
501(a)(1), (2), (3) or (7) of Regulation D under the Securities
Act of 1933, as amended), and (ii) the undersigned (x) is not an
employee benefit plan subject to the Employee Retirement Income
Security Act of 1974, as amended, or a plan subject to Section
4975 of the Internal Revenue Code of 1986, as amended, and is not
using the assets of any such employee benefit or other plan to
acquire this Certificate or (y) is an insurance company investing
assets of its general account and the exemptions provided by
Section III(a) of Department of Labor Prohibited Transaction
Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the
acquisition and holding by the undersigned of this Certificate.
Dated_____________________ _________________________________
(Signature)]3
--------
3 To be included only in Class 1-S Certificate issued upon
resale by the Company, unless such Certificate has been
registered under the Act.
PRINCIPAL WILL NOT BE DISTRIBUTABLE IN RESPECT OF THIS
CERTIFICATE. INTEREST IS CALCULATED ON THIS CERTIFICATE BASED ON
THE CLASS 2-S NOTIONAL PRINCIPAL BALANCE, WHICH, AS OF ANY
DISTRIBUTION DATE, IS EQUAL TO THE POOL SCHEDULED PRINCIPAL
BALANCE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN).
CONSEQUENTLY, THE NOTIONAL PRINCIPAL BALANCE OF THIS CERTIFICATE
AT ANY TIME MAY BE LESS THAN THE INITIAL NOTIONAL PRINCIPAL
BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE
DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL
MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN).
[THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE "ACT"). ANY RESALE OR TRANSFER OF
THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE ACT MAY
ONLY BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION
REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH SECTION 5.02 OF
THE AGREEMENT REFERRED TO HEREIN.]4
[THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY
LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER
REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION
MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN
EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL
ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7)
OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A
TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE
EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE.]5
--------
4 To be included in Class 1-S Certificate issued to the
Company.
5 To be included only in Class 1-S Certificate issued
upon resale by the Company, unless such Certificate
has been registered under the Act.
THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE
MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE
DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED).
THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY
DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED
FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE
BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY
ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION
4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN
TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE
TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER
RESTRICTIONS AS SET FORTH HEREIN.
REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1997-2
evidencing a beneficial ownership interest in a
trust fund which consists primarily of two pools of
conventional, fixed rate, one- to four-family
mortgage loans sold and serviced by
GE CAPITAL MORTGAGE SERVICES, INC.
No. R- Initial Class 2-S Notional
Principal Balance:
Class 2-S $84,264,724.02
Certificate Interest Initial Notional Principal Rate
per annum: variable Balance of this Certificate:
$
Cut-off Date:
February 1, 1997
First Distribution Date:
March 25, 1997
THIS CERTIFIES THAT
is the registered owner of the Percentage Interest evidenced by
this Certificate (obtained by dividing the initial Notional
Principal Balance of this Certificate by the aggregate initial
Notional Principal Balance of all Class 2-S Certificates, both as
specified above) in certain distributions with respect to the
Trust Fund, consisting primarily of two pools ("Pool 1" and "Pool
2") of conventional, fixed rate, one- to four-family mortgage
loans (the "Mortgage Loans"), sold and serviced by GE Capital
Mortgage Services, Inc., a corporation organized and existing
under the laws of the State of New Jersey (the "Company"). The
Trust Fund was created pursuant to a Pooling and Servicing
Agreement dated as of February 1, 1997 (the "Agreement") between
the Company and State Street Bank and Trust Company, as trustee
(the "Trustee"), a summary of certain of the pertinent provisions
of which is set forth herein below. To the extent not defined
herein, the terms used herein have the meanings assigned in the
Agreement. This Certificate is issued under and is subject to the
terms, provisions and conditions of the Agreement, to which
Agreement the Holder of this Certificate by virtue of the
acceptance hereof assents and by which such Holder is bound.
The Agreement requires the distribution on the 25th
day of each month or, if such 25th day is not a Business Day, the
Business Day immediately following (the "Distribution Date"),
commencing in March 1997, to the Person in whose name this
Certificate is registered at the close of business on the last
Business Day of the month immediately preceding the month of such
distribution (the "Record Date"), of an amount equal to the
product of the Percentage Interest evidenced by this Certificate
and the aggregate amount required to be distributed to Holders of
Certificates of the same Class as this Certificate pursuant to
the Agreement.
Distributions on this Certificate will be made by the Trustee by
check or money order mailed to the Person entitled thereto at the
address appearing in the Certificate Register or, upon written
request by the Certificateholder, by such other means of payment
as such Person and the Trustee shall agree. Except as otherwise
provided in the Agreement, the final distribution on this
Certificate will be made in the applicable manner described
above,
EXHIBIT B
PRINCIPAL BALANCE SCHEDULES
POOL 1 PAC BALANCES TABLE
POOL 1 PAC BALANCES
----------------------------------------------------------
POOL 1 TYPE I PAC BALANCES
----------------------------------------------------------
CLASS 1-A5A
DISTRIBUTION PAC
DATE CLASS 1-A1 CLASS 1-A2 CLASS 1-A3 COMPONENT
---------------- -------------- -------------- ------------- -----------
Initial......... $51,348,218.00 $65,627,405.00 $5,215,005.00 $914,000.00
March 1997...... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
April 1997...... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
May 1997........ 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
June 1997....... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
July 1997....... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
August 1997..... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
September 1997.. 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
October 1997.... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
November 1997... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
December 1997... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
January 1998.... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
February 1998... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
March 1998...... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
April 1998...... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
May 1998........ 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
June 1998....... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
July 1998....... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
August 1998..... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
September 1998.. 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
October 1998.... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
November 1998... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
December 1998... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
January 1999.... 51,348,218.00 65,627,405.00 5,215,005.00 914,000.00
February 1999... 49,559,501.20 65,627,405.00 5,215,005.00 882,160.78
March 1999...... 47,715,516.58 65,627,405.00 5,215,005.00 849,337.79
April 1999...... 45,817,054.11 65,627,405.00 5,215,005.00 815,545.10
May 1999........ 43,864,929.61 65,627,405.00 5,215,005.00 780,797.22
June 1999....... 41,859,984.17 65,627,405.00 5,215,005.00 745,109.12
July 1999....... 39,809,711.46 65,627,405.00 5,215,005.00 708,614.20
August 1999..... 37,769,471.84 65,627,405.00 5,215,005.00 672,297.86
September 1999.. 35,739,219.19 65,627,405.00 5,215,005.00 636,159.30
October 1999.... 33,718,907.66 65,627,405.00 5,215,005.00 600,197.69
November 1999... 31,708,491.64 65,627,405.00 5,215,005.00 564,412.21
December 1999... 29,707,925.76 65,627,405.00 5,215,005.00 528,802.07
January 2000.... 27,717,164.89 65,627,405.00 5,215,005.00 493,366.46
February 2000... 25,736,164.17 65,627,405.00 5,215,005.00 458,104.58
March 2000...... 23,764,878.95 65,627,405.00 5,215,005.00 423,015.64
POOL 1 PAC BALANCES
------------------------
POOL 1 TYPE II
PAC BALANCES
DISTRIBUTION --------------
DATE CLASS 1-A4
---------------- --------------
Initial......... $59,275,041.00
March 1997...... 58,859,612.63
April 1997...... 58,357,050.22
May 1997........ 57,767,472.53
June 1997....... 57,091,054.26
July 1997....... 56,328,026.06
August 1997..... 55,478,674.59
September 1997.. 54,543,342.42
October 1997.... 53,522,427.93
November 1997... 52,416,385.15
December 1997... 51,225,723.49
January 1998.... 49,951,007.47
February 1998... 48,592,856.37
March 1998...... 47,151,943.78
April 1998...... 45,628,997.16
May 1998........ 44,024,797.30
June 1998....... 42,340,177.71
July 1998....... 40,576,023.98
August 1998..... 38,733,273.08
September 1998.. 36,812,912.60
October 1998.... 34,815,979.89
November 1998... 32,743,561.24
December 1998... 30,596,790.91
January 1999.... 28,376,850.15
February 1999... 27,905,522.21
March 1999...... 27,419,774.76
April 1999...... 26,920,119.60
May 1999........ 26,407,084.80
June 1999....... 25,881,214.03
July 1999....... 25,345,141.19
August 1999..... 24,816,449.70
September 1999.. 24,295,076.94
October 1999.... 23,780,960.79
November 1999... 23,274,039.61
December 1999... 22,774,252.25
January 2000.... 22,281,538.00
February 2000... 21,795,836.66
March 2000...... 21,317,088.48
POOL 1 PAC BALANCES
----------------------------------------------------------
POOL 1 TYPE I PAC BALANCES
----------------------------------------------------------
CLASS 1-A5A
DISTRIBUTION PAC
DATE CLASS 1-A1 CLASS 1-A2 CLASS 1-A3 COMPONENT
---------------- -------------- -------------- ------------- -----------
April 2000...... $21,803,264.86 $65,627,405.00 $5,215,005.00 $388,098.84
May 2000........ 19,851,277.73 65,627,405.00 5,215,005.00 353,353.41
June 2000....... 17,908,873.67 65,627,405.00 5,215,005.00 318,778.55
July 2000....... 15,976,009.00 65,627,405.00 5,215,005.00 284,373.50
August 2000..... 14,052,640.30 65,627,405.00 5,215,005.00 250,137.47
September 2000.. 12,138,724.37 65,627,405.00 5,215,005.00 216,069.70
October 2000.... 10,234,218.25 65,627,405.00 5,215,005.00 182,169.43
November 2000... 8,339,079.24 65,627,405.00 5,215,005.00 148,435.89
December 2000... 6,453,264.83 65,627,405.00 5,215,005.00 114,868.33
January 2001.... 4,576,732.77 65,627,405.00 5,215,005.00 81,466.00
February 2001... 2,709,441.07 65,627,405.00 5,215,005.00 48,228.14
March 2001...... 851,347.90 65,627,405.00 5,215,005.00 15,154.02
April 2001...... 0.00 64,612,059.62 5,215,005.00 0.00
May 2001........ 0.00 62,739,490.25 5,215,005.00 0.00
June 2001....... 0.00 60,876,156.98 5,215,005.00 0.00
July 2001....... 0.00 59,022,018.19 5,215,005.00 0.00
August 2001..... 0.00 57,177,032.54 5,215,005.00 0.00
September 2001.. 0.00 55,341,158.89 5,215,005.00 0.00
October 2001.... 0.00 53,514,356.32 5,215,005.00 0.00
November 2001... 0.00 51,696,584.15 5,215,005.00 0.00
December 2001... 0.00 49,887,801.94 5,215,005.00 0.00
January 2002.... 0.00 48,087,969.46 5,215,005.00 0.00
February 2002... 0.00 46,297,046.72 5,215,005.00 0.00
March 2002...... 0.00 44,600,733.72 5,215,005.00 0.00
April 2002...... 0.00 42,912,943.29 5,215,005.00 0.00
May 2002........ 0.00 41,233,634.86 5,215,005.00 0.00
June 2002....... 0.00 39,562,768.06 5,215,005.00 0.00
July 2002....... 0.00 37,900,302.75 5,215,005.00 0.00
August 2002..... 0.00 36,246,198.98 5,215,005.00 0.00
September 2002.. 0.00 34,600,417.00 5,215,005.00 0.00
October 2002.... 0.00 32,962,917.30 5,215,005.00 0.00
November 2002... 0.00 31,333,660.54 5,215,005.00 0.00
December 2002... 0.00 29,712,607.61 5,215,005.00 0.00
January 2003.... 0.00 28,099,719.58 5,215,005.00 0.00
February 2003... 0.00 26,494,957.74 5,215,005.00 0.00
March 2003...... 0.00 24,925,993.48 5,215,005.00 0.00
April 2003...... 0.00 23,364,919.32 5,215,005.00 0.00
May 2003........ 0.00 21,811,697.08 5,215,005.00 0.00
June 2003....... 0.00 20,291,224.41 5,215,005.00 0.00
July 2003....... 0.00 18,820,744.58 5,215,005.00 0.00
August 2003..... 0.00 17,398,832.74 5,215,005.00 0.00
September 2003.. 0.00 16,024,102.58 5,215,005.00 0.00
October 2003.... 0.00 14,695,205.35 5,215,005.00 0.00
November 2003... 0.00 13,410,828.82 5,215,005.00 0.00
December 2003... 0.00 12,169,696.36 5,215,005.00 0.00
January 2004.... 0.00 10,970,565.95 5,215,005.00 0.00
February 2004... 0.00 9,812,229.30 5,215,005.00 0.00
March 2004...... 0.00 8,930,541.79 5,215,005.00 0.00
April 2004...... 0.00 8,080,592.70 5,215,005.00 0.00
May 2004........ 0.00 7,261,407.69 5,215,005.00 0.00
June 2004....... 0.00 6,472,040.17 5,215,005.00 0.00
July 2004....... 0.00 5,711,570.61 5,215,005.00 0.00
August 2004..... 0.00 4,979,105.72 5,215,005.00 0.00
September 2004.. 0.00 4,273,777.79 5,215,005.00 0.00
October 2004.... 0.00 3,594,743.96 5,215,005.00 0.00
November 2004... 0.00 2,941,185.54 5,215,005.00 0.00
December 2004... 0.00 2,312,307.34 5,215,005.00 0.00
January 2005.... 0.00 1,707,337.05 5,215,005.00 0.00
POOL 1 PAC BALANCES
------------------------
POOL 1 TYPE II
PAC BALANCES
DISTRIBUTION --------------
DATE CLASS 1-A4
---------------- --------------
April 2000...... $20,845,234.17
May 2000........ 20,380,214.92
June 2000....... 19,921,972.37
July 2000....... 19,470,448.60
August 2000..... 19,025,586.17
September 2000.. 18,587,328.05
October 2000.... 18,155,617.71
November 2000... 17,730,399.00
December 2000... 17,311,616.24
January 2001.... 16,899,214.21
February 2001... 16,493,138.07
March 2001...... 16,093,333.44
April 2001...... 15,699,746.36
May 2001........ 15,312,323.30
June 2001....... 14,931,011.14
July 2001....... 14,555,757.18
August 2001..... 14,186,509.13
September 2001.. 13,823,215.11
October 2001.... 13,465,823.67
November 2001... 13,114,283.73
December 2001... 12,768,544.63
January 2002.... 12,428,556.11
February 2002... 12,094,268.31
March 2002...... 11,793,696.08
April 2002...... 11,498,570.78
May 2002........ 11,208,843.68
June 2002....... 10,924,466.40
July 2002....... 10,645,390.97
August 2002..... 10,371,569.78
September 2002.. 10,102,955.60
October 2002.... 9,839,501.55
November 2002... 9,581,161.15
December 2002... 9,327,888.27
January 2003.... 9,079,637.13
February 2003... 8,836,362.33
March 2003...... 8,606,877.63
April 2003...... 8,382,187.76
May 2003........ 8,162,248.75
June 2003....... 7,922,081.32
July 2003....... 7,644,361.12
August 2003..... 7,330,432.46
September 2003.. 6,981,601.63
October 2003.... 6,599,137.90
November 2003... 6,184,274.54
December 2003... 5,738,209.75
January 2004.... 5,262,107.65
February 2004... 4,757,099.11
March 2004...... 4,057,116.81
April 2004...... 3,336,498.87
May 2004........ 2,596,145.97
June 2004....... 1,836,931.46
July 2004....... 1,059,702.18
August 2004..... 265,279.16
September 2004.. 0.00
October 2004.... 0.00
November 2004... 0.00
December 2004... 0.00
January 2005.... 0.00
POOL 1 PAC BALANCES
----------------------------------------------------------
POOL 1 TYPE I PAC BALANCES
----------------------------------------------------------
CLASS 1-A5A
DISTRIBUTION PAC
DATE CLASS 1-A1 CLASS 1-A2 CLASS 1-A3 COMPONENT
---------------- -------------- -------------- ------------- -----------
February 2005... 0.00 $ 1,125,524.57 $5,215,005.00 0.00
March 2005...... 0.00 759,440.76 5,215,005.00 0.00
April 2005...... 0.00 407,537.32 5,215,005.00 0.00
May 2005........ 0.00 69,342.80 5,215,005.00 0.00
June 2005....... 0.00 0.00 4,959,405.20 0.00
July 2005....... 0.00 0.00 4,647,271.56 0.00
August 2005..... 0.00 0.00 4,347,517.55 0.00
September 2005.. 0.00 0.00 4,059,727.05 0.00
October 2005.... 0.00 0.00 3,783,496.79 0.00
November 2005... 0.00 0.00 3,518,435.95 0.00
December 2005... 0.00 0.00 3,264,165.83 0.00
January 2006.... 0.00 0.00 3,020,319.45 0.00
February 2006... 0.00 0.00 2,786,541.23 0.00
March 2006...... 0.00 0.00 2,710,215.56 0.00
April 2006...... 0.00 0.00 2,635,946.86 0.00
May 2006........ 0.00 0.00 2,563,680.30 0.00
June 2006....... 0.00 0.00 2,493,362.52 0.00
July 2006....... 0.00 0.00 2,424,941.57 0.00
August 2006..... 0.00 0.00 2,358,366.84 0.00
September 2006.. 0.00 0.00 2,293,589.11 0.00
October 2006.... 0.00 0.00 2,230,560.42 0.00
November 2006... 0.00 0.00 2,169,234.11 0.00
December 2006... 0.00 0.00 2,109,564.73 0.00
January 2007.... 0.00 0.00 2,051,508.05 0.00
February 2007... 0.00 0.00 1,995,021.00 0.00
March 2007...... 0.00 0.00 1,940,061.67 0.00
April 2007...... 0.00 0.00 1,886,589.22 0.00
May 2007........ 0.00 0.00 1,834,563.94 0.00
June 2007....... 0.00 0.00 1,783,947.14 0.00
July 2007....... 0.00 0.00 1,734,701.16 0.00
August 2007..... 0.00 0.00 1,686,789.35 0.00
September 2007.. 0.00 0.00 1,640,176.02 0.00
October 2007.... 0.00 0.00 1,594,826.43 0.00
November 2007... 0.00 0.00 1,550,706.77 0.00
December 2007... 0.00 0.00 1,507,784.10 0.00
January 2008.... 0.00 0.00 1,466,026.38 0.00
February 2008... 0.00 0.00 1,425,402.42 0.00
March 2008...... 0.00 0.00 1,385,881.83 0.00
April 2008...... 0.00 0.00 1,347,435.07 0.00
May 2008........ 0.00 0.00 1,310,033.33 0.00
June 2008....... 0.00 0.00 1,273,648.62 0.00
July 2008....... 0.00 0.00 1,238,253.66 0.00
August 2008..... 0.00 0.00 1,203,821.89 0.00
September 2008.. 0.00 0.00 1,170,327.48 0.00
October 2008.... 0.00 0.00 1,137,745.27 0.00
November 2008... 0.00 0.00 1,106,050.77 0.00
December 2008... 0.00 0.00 1,075,220.15 0.00
January 2009.... 0.00 0.00 1,045,230.20 0.00
February 2009... 0.00 0.00 1,016,058.33 0.00
March 2009...... 0.00 0.00 987,682.57 0.00
April 2009...... 0.00 0.00 960,081.50 0.00
May 2009........ 0.00 0.00 933,234.31 0.00
June 2009....... 0.00 0.00 907,120.70 0.00
July 2009....... 0.00 0.00 881,720.94 0.00
August 2009..... 0.00 0.00 857,015.83 0.00
September 2009.. 0.00 0.00 832,986.65 0.00
October 2009.... 0.00 0.00 809,615.21 0.00
November 2009... 0.00 0.00 786,883.79 0.00
POOL 1 PAC BALANCES
------------------------
POOL 1 TYPE II
PAC BALANCES
DISTRIBUTION --------------
DATE CLASS 1-A4
---------------- --------------
February 2005... 0.00
March 2005...... 0.00
April 2005...... 0.00
May 2005........ 0.00
June 2005....... 0.00
July 2005....... 0.00
August 2005..... 0.00
September 2005.. 0.00
October 2005.... 0.00
November 2005... 0.00
December 2005... 0.00
January 2006.... 0.00
February 2006... 0.00
March 2006...... 0.00
April 2006...... 0.00
May 2006........ 0.00
June 2006....... 0.00
July 2006....... 0.00
August 2006..... 0.00
September 2006.. 0.00
October 2006.... 0.00
November 2006... 0.00
December 2006... 0.00
January 2007.... 0.00
February 2007... 0.00
March 2007...... 0.00
April 2007...... 0.00
May 2007........ 0.00
June 2007....... 0.00
July 2007....... 0.00
August 2007..... 0.00
September 2007.. 0.00
October 2007.... 0.00
November 2007... 0.00
December 2007... 0.00
January 2008.... 0.00
February 2008... 0.00
March 2008...... 0.00
April 2008...... 0.00
May 2008........ 0.00
June 2008....... 0.00
July 2008....... 0.00
August 2008..... 0.00
September 2008.. 0.00
October 2008.... 0.00
November 2008... 0.00
December 2008... 0.00
January 2009.... 0.00
February 2009... 0.00
March 2009...... 0.00
April 2009...... 0.00
May 2009........ 0.00
June 2009....... 0.00
July 2009....... 0.00
August 2009..... 0.00
September 2009.. 0.00
October 2009.... 0.00
November 2009... 0.00
POOL 1 PAC BALANCES
----------------------------------------------------------
POOL 1 TYPE I PAC BALANCES
----------------------------------------------------------
CLASS 1-A5A
DISTRIBUTION PAC
DATE CLASS 1-A1 CLASS 1-A2 CLASS 1-A3 COMPONENT
---------------- -------------- -------------- ------------- -----------
December 2009... 0.00 0.00 $ 764,775.15 0.00
January 2010.... 0.00 0.00 743,272.49 0.00
February 2010... 0.00 0.00 722,359.48 0.00
March 2010...... 0.00 0.00 702,020.21 0.00
April 2010...... 0.00 0.00 682,239.21 0.00
May 2010........ 0.00 0.00 663,001.41 0.00
June 2010....... 0.00 0.00 644,292.15 0.00
July 2010....... 0.00 0.00 626,097.14 0.00
August 2010..... 0.00 0.00 608,402.51 0.00
September 2010.. 0.00 0.00 591,194.72 0.00
October 2010.... 0.00 0.00 574,460.62 0.00
November 2010... 0.00 0.00 558,187.40 0.00
December 2010... 0.00 0.00 542,362.60 0.00
January 2011.... 0.00 0.00 526,974.07 0.00
February 2011... 0.00 0.00 512,010.01 0.00
March 2011...... 0.00 0.00 497,458.92 0.00
April 2011...... 0.00 0.00 483,309.63 0.00
May 2011........ 0.00 0.00 469,551.24 0.00
June 2011....... 0.00 0.00 456,173.15 0.00
July 2011....... 0.00 0.00 443,165.06 0.00
August 2011..... 0.00 0.00 430,516.93 0.00
September 2011.. 0.00 0.00 418,218.98 0.00
October 2011.... 0.00 0.00 406,261.72 0.00
November 2011... 0.00 0.00 394,635.89 0.00
December 2011... 0.00 0.00 383,332.49 0.00
January 2012.... 0.00 0.00 372,342.75 0.00
February 2012... 0.00 0.00 361,658.16 0.00
March 2012...... 0.00 0.00 351,270.40 0.00
April 2012...... 0.00 0.00 341,171.41 0.00
May 2012........ 0.00 0.00 331,353.32 0.00
June 2012....... 0.00 0.00 321,808.48 0.00
July 2012....... 0.00 0.00 312,529.46 0.00
August 2012..... 0.00 0.00 303,509.01 0.00
September 2012.. 0.00 0.00 294,740.07 0.00
October 2012.... 0.00 0.00 286,215.79 0.00
November 2012... 0.00 0.00 277,929.50 0.00
December 2012... 0.00 0.00 269,874.70 0.00
January 2013.... 0.00 0.00 262,045.06 0.00
February 2013... 0.00 0.00 254,434.44 0.00
March 2013...... 0.00 0.00 247,036.84 0.00
April 2013...... 0.00 0.00 239,846.46 0.00
May 2013........ 0.00 0.00 232,857.60 0.00
June 2013....... 0.00 0.00 226,064.77 0.00
July 2013....... 0.00 0.00 219,462.60 0.00
August 2013..... 0.00 0.00 213,045.86 0.00
September 2013.. 0.00 0.00 206,809.47 0.00
October 2013.... 0.00 0.00 200,748.48 0.00
November 2013... 0.00 0.00 194,858.09 0.00
December 2013... 0.00 0.00 189,133.62 0.00
January 2014.... 0.00 0.00 183,570.50 0.00
February 2014... 0.00 0.00 178,164.31 0.00
March 2014...... 0.00 0.00 172,910.74 0.00
April 2014...... 0.00 0.00 167,805.58 0.00
May 2014........ 0.00 0.00 162,844.77 0.00
June 2014....... 0.00 0.00 158,024.31 0.00
July 2014....... 0.00 0.00 153,340.35 0.00
August 2014..... 0.00 0.00 148,789.14 0.00
September 2014.. 0.00 0.00 144,367.00 0.00
POOL 1 PAC BALANCES
------------------------
POOL 1 TYPE II
PAC BALANCES
DISTRIBUTION --------------
DATE CLASS 1-A4
---------------- --------------
December 2009... 0.00
January 2010.... 0.00
February 2010... 0.00
March 2010...... 0.00
April 2010...... 0.00
May 2010........ 0.00
June 2010....... 0.00
July 2010....... 0.00
August 2010..... 0.00
September 2010.. 0.00
October 2010.... 0.00
November 2010... 0.00
December 2010... 0.00
January 2011.... 0.00
February 2011... 0.00
March 2011...... 0.00
April 2011...... 0.00
May 2011........ 0.00
June 2011....... 0.00
July 2011....... 0.00
August 2011..... 0.00
September 2011.. 0.00
October 2011.... 0.00
November 2011... 0.00
December 2011... 0.00
January 2012.... 0.00
February 2012... 0.00
March 2012...... 0.00
April 2012...... 0.00
May 2012........ 0.00
June 2012....... 0.00
July 2012....... 0.00
August 2012..... 0.00
September 2012.. 0.00
October 2012.... 0.00
November 2012... 0.00
December 2012... 0.00
January 2013.... 0.00
February 2013... 0.00
March 2013...... 0.00
April 2013...... 0.00
May 2013........ 0.00
June 2013....... 0.00
July 2013....... 0.00
August 2013..... 0.00
September 2013.. 0.00
October 2013.... 0.00
November 2013... 0.00
December 2013... 0.00
January 2014.... 0.00
February 2014... 0.00
March 2014...... 0.00
April 2014...... 0.00
May 2014........ 0.00
June 2014....... 0.00
July 2014....... 0.00
August 2014..... 0.00
September 2014.. 0.00
POOL 1 PAC BALANCES
----------------------------------------------------------
POOL 1 TYPE I PAC BALANCES
----------------------------------------------------------
CLASS 1-A5A
DISTRIBUTION PAC
DATE CLASS 1-A1 CLASS 1-A2 CLASS 1-A3 COMPONENT
---------------- -------------- -------------- ------------- -----------
October 2014.... 0.00 0.00 $ 140,070.38 0.00
November 2014... 0.00 0.00 135,895.82 0.00
December 2014... 0.00 0.00 131,839.95 0.00
January 2015.... 0.00 0.00 127,899.49 0.00
February 2015... 0.00 0.00 124,071.25 0.00
March 2015...... 0.00 0.00 120,352.13 0.00
April 2015...... 0.00 0.00 116,739.10 0.00
May 2015........ 0.00 0.00 113,229.24 0.00
June 2015....... 0.00 0.00 109,819.68 0.00
July 2015....... 0.00 0.00 106,507.65 0.00
August 2015..... 0.00 0.00 103,290.45 0.00
September 2015.. 0.00 0.00 100,165.43 0.00
October 2015.... 0.00 0.00 97,130.04 0.00
November 2015... 0.00 0.00 94,181.80 0.00
December 2015... 0.00 0.00 91,318.28 0.00
January 2016.... 0.00 0.00 88,537.13 0.00
February 2016... 0.00 0.00 85,836.04 0.00
March 2016...... 0.00 0.00 83,212.81 0.00
April 2016...... 0.00 0.00 80,665.24 0.00
May 2016........ 0.00 0.00 78,191.25 0.00
June 2016....... 0.00 0.00 75,788.77 0.00
July 2016....... 0.00 0.00 73,455.81 0.00
August 2016..... 0.00 0.00 71,190.42 0.00
September 2016.. 0.00 0.00 68,990.72 0.00
October 2016.... 0.00 0.00 66,854.88 0.00
November 2016... 0.00 0.00 64,781.10 0.00
December 2016... 0.00 0.00 62,767.65 0.00
January 2017.... 0.00 0.00 60,812.83 0.00
February 2017... 0.00 0.00 58,915.01 0.00
March 2017...... 0.00 0.00 57,072.58 0.00
April 2017...... 0.00 0.00 55,283.99 0.00
May 2017........ 0.00 0.00 53,547.72 0.00
June 2017....... 0.00 0.00 51,862.31 0.00
July 2017....... 0.00 0.00 50,226.33 0.00
August 2017..... 0.00 0.00 48,638.37 0.00
September 2017.. 0.00 0.00 47,097.10 0.00
October 2017.... 0.00 0.00 45,601.18 0.00
November 2017... 0.00 0.00 44,149.35 0.00
December 2017... 0.00 0.00 42,740.36 0.00
January 2018.... 0.00 0.00 41,372.99 0.00
February 2018... 0.00 0.00 40,046.08 0.00
March 2018...... 0.00 0.00 38,758.46 0.00
April 2018...... 0.00 0.00 37,509.04 0.00
May 2018........ 0.00 0.00 36,296.73 0.00
June 2018....... 0.00 0.00 35,120.47 0.00
July 2018....... 0.00 0.00 33,979.25 0.00
August 2018..... 0.00 0.00 32,872.06 0.00
September 2018.. 0.00 0.00 31,797.93 0.00
October 2018.... 0.00 0.00 30,755.94 0.00
November 2018... 0.00 0.00 29,745.15 0.00
December 2018... 0.00 0.00 28,764.69 0.00
January 2019.... 0.00 0.00 27,813.69 0.00
February 2019... 0.00 0.00 26,891.29 0.00
March 2019...... 0.00 0.00 25,996.70 0.00
April 2019...... 0.00 0.00 25,129.10 0.00
May 2019........ 0.00 0.00 24,287.74 0.00
June 2019....... 0.00 0.00 23,471.85 0.00
July 2019....... 0.00 0.00 22,680.70 0.00
POOL 1 PAC BALANCES
------------------------
POOL 1 TYPE II
PAC BALANCES
DISTRIBUTION --------------
DATE CLASS 1-A4
---------------- --------------
October 2014.... 0.00
November 2014... 0.00
December 2014... 0.00
January 2015.... 0.00
February 2015... 0.00
March 2015...... 0.00
April 2015...... 0.00
May 2015........ 0.00
June 2015....... 0.00
July 2015....... 0.00
August 2015..... 0.00
September 2015.. 0.00
October 2015.... 0.00
November 2015... 0.00
December 2015... 0.00
January 2016.... 0.00
February 2016... 0.00
March 2016...... 0.00
April 2016...... 0.00
May 2016........ 0.00
June 2016....... 0.00
July 2016....... 0.00
August 2016..... 0.00
September 2016.. 0.00
October 2016.... 0.00
November 2016... 0.00
December 2016... 0.00
January 2017.... 0.00
February 2017... 0.00
March 2017...... 0.00
April 2017...... 0.00
May 2017........ 0.00
June 2017....... 0.00
July 2017....... 0.00
August 2017..... 0.00
September 2017.. 0.00
October 2017.... 0.00
November 2017... 0.00
December 2017... 0.00
January 2018.... 0.00
February 2018... 0.00
March 2018...... 0.00
April 2018...... 0.00
May 2018........ 0.00
June 2018....... 0.00
July 2018....... 0.00
August 2018..... 0.00
September 2018.. 0.00
October 2018.... 0.00
November 2018... 0.00
December 2018... 0.00
January 2019.... 0.00
February 2019... 0.00
March 2019...... 0.00
April 2019...... 0.00
May 2019........ 0.00
June 2019....... 0.00
July 2019....... 0.00
POOL 1 PAC BALANCES
----------------------------------------------------------
POOL 1 TYPE I PAC BALANCES
----------------------------------------------------------
CLASS 1-A5A
DISTRIBUTION PAC
DATE CLASS 1-A1 CLASS 1-A2 CLASS 1-A3 COMPONENT
---------------- -------------- -------------- ------------- -----------
August 2019..... 0.00 0.00 $ 21,913.59 0.00
September 2019.. 0.00 0.00 21,169.82 0.00
October 2019.... 0.00 0.00 20,448.72 0.00
November 2019... 0.00 0.00 19,749.64 0.00
December 2019... 0.00 0.00 19,071.94 0.00
January 2020.... 0.00 0.00 18,415.01 0.00
February 2020... 0.00 0.00 17,778.24 0.00
March 2020...... 0.00 0.00 17,161.06 0.00
April 2020...... 0.00 0.00 16,562.89 0.00
May 2020........ 0.00 0.00 15,983.19 0.00
June 2020....... 0.00 0.00 15,421.42 0.00
July 2020....... 0.00 0.00 14,877.05 0.00
August 2020..... 0.00 0.00 14,349.59 0.00
September 2020.. 0.00 0.00 13,838.54 0.00
October 2020.... 0.00 0.00 13,343.42 0.00
November 2020... 0.00 0.00 12,863.77 0.00
December 2020... 0.00 0.00 12,399.13 0.00
January 2021.... 0.00 0.00 11,949.07 0.00
February 2021... 0.00 0.00 11,513.16 0.00
March 2021...... 0.00 0.00 11,090.99 0.00
April 2021...... 0.00 0.00 10,682.14 0.00
May 2021........ 0.00 0.00 10,286.24 0.00
June 2021....... 0.00 0.00 9,902.90 0.00
July 2021....... 0.00 0.00 9,531.75 0.00
August 2021..... 0.00 0.00 9,172.43 0.00
September 2021.. 0.00 0.00 8,824.59 0.00
October 2021.... 0.00 0.00 8,487.89 0.00
November 2021... 0.00 0.00 8,162.00 0.00
December 2021... 0.00 0.00 7,846.61 0.00
January 2022.... 0.00 0.00 7,541.39 0.00
February 2022... 0.00 0.00 7,246.05 0.00
March 2022...... 0.00 0.00 6,960.30 0.00
April 2022...... 0.00 0.00 6,683.85 0.00
May 2022........ 0.00 0.00 6,416.41 0.00
June 2022....... 0.00 0.00 6,157.73 0.00
July 2022....... 0.00 0.00 5,907.53 0.00
August 2022..... 0.00 0.00 5,665.57 0.00
September 2022.. 0.00 0.00 5,431.60 0.00
October 2022.... 0.00 0.00 5,205.37 0.00
November 2022... 0.00 0.00 4,986.66 0.00
December 2022... 0.00 0.00 4,775.23 0.00
January 2023.... 0.00 0.00 4,570.88 0.00
February 2023... 0.00 0.00 4,373.37 0.00
March 2023...... 0.00 0.00 4,182.51 0.00
April 2023...... 0.00 0.00 3,998.10 0.00
May 2023........ 0.00 0.00 3,819.93 0.00
June 2023....... 0.00 0.00 3,647.82 0.00
July 2023....... 0.00 0.00 3,481.59 0.00
August 2023..... 0.00 0.00 3,321.04 0.00
September 2023.. 0.00 0.00 3,166.02 0.00
October 2023.... 0.00 0.00 3,016.35 0.00
November 2023... 0.00 0.00 2,871.86 0.00
December 2023... 0.00 0.00 2,732.40 0.00
January 2024.... 0.00 0.00 2,597.81 0.00
February 2024... 0.00 0.00 2,467.94 0.00
March 2024...... 0.00 0.00 2,342.64 0.00
April 2024...... 0.00 0.00 2,221.77 0.00
May 2024........ 0.00 0.00 2,105.20 0.00
POOL 1 PAC BALANCES
------------------------
POOL 1 TYPE II
PAC BALANCES
DISTRIBUTION --------------
DATE CLASS 1-A4
---------------- --------------
August 2019..... 0.00
September 2019.. 0.00
October 2019.... 0.00
November 2019... 0.00
December 2019... 0.00
January 2020.... 0.00
February 2020... 0.00
March 2020...... 0.00
April 2020...... 0.00
May 2020........ 0.00
June 2020....... 0.00
July 2020....... 0.00
August 2020..... 0.00
September 2020.. 0.00
October 2020.... 0.00
November 2020... 0.00
December 2020... 0.00
January 2021.... 0.00
February 2021... 0.00
March 2021...... 0.00
April 2021...... 0.00
May 2021........ 0.00
June 2021....... 0.00
July 2021....... 0.00
August 2021..... 0.00
September 2021.. 0.00
October 2021.... 0.00
November 2021... 0.00
December 2021... 0.00
January 2022.... 0.00
February 2022... 0.00
March 2022...... 0.00
April 2022...... 0.00
May 2022........ 0.00
June 2022....... 0.00
July 2022....... 0.00
August 2022..... 0.00
September 2022.. 0.00
October 2022.... 0.00
November 2022... 0.00
December 2022... 0.00
January 2023.... 0.00
February 2023... 0.00
March 2023...... 0.00
April 2023...... 0.00
May 2023........ 0.00
June 2023....... 0.00
July 2023....... 0.00
August 2023..... 0.00
September 2023.. 0.00
October 2023.... 0.00
November 2023... 0.00
December 2023... 0.00
January 2024.... 0.00
February 2024... 0.00
March 2024...... 0.00
April 2024...... 0.00
May 2024........ 0.00
POOL 1 PAC BALANCES
----------------------------------------------------------
POOL 1 TYPE I PAC BALANCES
----------------------------------------------------------
CLASS 1-A5A
DISTRIBUTION PAC
DATE CLASS 1-A1 CLASS 1-A2 CLASS 1-A3 COMPONENT
---------------- -------------- -------------- ------------- -----------
June 2024....... 0.00 0.00 $ 1,992.80 0.00
July 2024....... 0.00 0.00 1,884.42 0.00
August 2024..... 0.00 0.00 1,779.95 0.00
September 2024.. 0.00 0.00 1,679.25 0.00
October 2024.... 0.00 0.00 1,582.23 0.00
November 2024... 0.00 0.00 1,488.75 0.00
December 2024... 0.00 0.00 1,398.71 0.00
January 2025.... 0.00 0.00 1,311.99 0.00
February 2025... 0.00 0.00 1,228.50 0.00
March 2025...... 0.00 0.00 1,148.13 0.00
April 2025...... 0.00 0.00 1,070.78 0.00
May 2025........ 0.00 0.00 996.36 0.00
June 2025....... 0.00 0.00 924.76 0.00
July 2025....... 0.00 0.00 855.91 0.00
August 2025..... 0.00 0.00 789.70 0.00
September 2025.. 0.00 0.00 726.07 0.00
October 2025.... 0.00 0.00 664.91 0.00
November 2025... 0.00 0.00 606.16 0.00
December 2025... 0.00 0.00 549.74 0.00
January 2026.... 0.00 0.00 495.56 0.00
February 2026... 0.00 0.00 443.56 0.00
March 2026...... 0.00 0.00 393.66 0.00
April 2026...... 0.00 0.00 345.80 0.00
May 2026........ 0.00 0.00 299.91 0.00
June 2026....... 0.00 0.00 255.92 0.00
July 2026....... 0.00 0.00 213.77 0.00
August 2026..... 0.00 0.00 173.40 0.00
September 2026.. 0.00 0.00 134.74 0.00
October 2026.... 0.00 0.00 97.75 0.00
November 2026... 0.00 0.00 62.37 0.00
December 2026... 0.00 0.00 28.54 0.00
January 2027.... 0.00 0.00 0.00 0.00
POOL 1 PAC BALANCES
------------------------
POOL 1 TYPE II
PAC BALANCES
DISTRIBUTION --------------
DATE CLASS 1-A4
---------------- --------------
June 2024....... 0.00
July 2024....... 0.00
August 2024..... 0.00
September 2024.. 0.00
October 2024.... 0.00
November 2024... 0.00
December 2024... 0.00
January 2025.... 0.00
February 2025... 0.00
March 2025...... 0.00
April 2025...... 0.00
May 2025........ 0.00
June 2025....... 0.00
July 2025....... 0.00
August 2025..... 0.00
September 2025.. 0.00
October 2025.... 0.00
November 2025... 0.00
December 2025... 0.00
January 2026.... 0.00
February 2026... 0.00
March 2026...... 0.00
April 2026...... 0.00
May 2026........ 0.00
June 2026....... 0.00
July 2026....... 0.00
August 2026..... 0.00
September 2026.. 0.00
October 2026.... 0.00
November 2026... 0.00
December 2026... 0.00
January 2027.... 0.00
POOL 2 PAC BALANCES TABLE
POOL 2 PAC BALANCES
DISTRIBUTION -------------------------------------------- CLASS 2-A4*
DATE CLASS 2-A1 CLASS 2-A2 CLASS 2-A3 (INTEREST ONLY)
---------------- -------------- -------------- -------------- ---------------
Initial Balance. $15,244,000.00 $13,163,000.00 $12,831,000.00 $ 1,856,714.00
March 1997...... 14,960,376.17 13,163,000.00 12,831,000.00 1,856,714.00
April 1997...... 14,660,525.60 13,163,000.00 12,831,000.00 1,856,714.00
May 1997........ 14,344,579.97 13,163,000.00 12,831,000.00 1,856,714.00
June 1997....... 14,012,680.18 13,163,000.00 12,831,000.00 1,856,714.00
July 1997....... 13,664,976.20 13,163,000.00 12,831,000.00 1,856,714.00
August 1997..... 13,301,627.07 13,163,000.00 12,831,000.00 1,856,714.00
September 1997.. 12,922,800.73 13,163,000.00 12,831,000.00 1,856,714.00
October 1997.... 12,528,673.93 13,163,000.00 12,831,000.00 1,856,714.00
November 1997... 12,119,432.16 13,163,000.00 12,831,000.00 1,856,714.00
December 1997... 11,695,269.47 13,163,000.00 12,831,000.00 1,856,714.00
January 1998.... 11,256,388.39 13,163,000.00 12,831,000.00 1,856,714.00
February 1998... 10,803,040.94 13,163,000.00 12,831,000.00 1,856,714.00
March 1998...... 10,335,445.06 13,163,000.00 12,831,000.00 1,856,714.00
April 1998...... 9,853,879.47 13,163,000.00 12,831,000.00 1,856,714.00
May 1998........ 9,358,576.64 13,163,000.00 12,831,000.00 1,856,714.00
June 1998....... 8,849,776.67 13,163,000.00 12,831,000.00 1,856,714.00
July 1998....... 8,327,727.15 13,163,000.00 12,831,000.00 1,856,714.00
August 1998..... 7,792,683.00 13,163,000.00 12,831,000.00 1,856,714.00
September 1998.. 7,244,980.71 13,163,000.00 12,831,000.00 1,856,714.00
October 1998.... 6,684,983.04 13,163,000.00 12,831,000.00 1,856,714.00
November 1998... 6,113,093.45 13,163,000.00 12,831,000.00 1,856,714.00
December 1998... 5,529,586.15 13,163,000.00 12,831,000.00 1,856,714.00
January 1999.... 4,934,774.82 13,163,000.00 12,831,000.00 1,856,714.00
February 1999... 4,329,004.52 13,163,000.00 12,831,000.00 1,856,714.00
March 1999...... 3,712,684.42 13,163,000.00 12,831,000.00 1,856,714.00
April 1999...... 3,086,496.43 13,163,000.00 12,831,000.00 1,856,714.00
May 1999........ 2,451,327.06 13,163,000.00 12,831,000.00 1,856,714.00
June 1999....... 1,808,102.17 13,163,000.00 12,831,000.00 1,856,714.00
July 1999....... 1,161,195.94 13,163,000.00 12,831,000.00 1,856,714.00
August 1999..... 516,282.96 13,163,000.00 12,831,000.00 1,856,714.00
September 1999.. 0.00 13,037,795.46 12,831,000.00 1,847,770.82
October 1999.... 0.00 12,399,718.44 12,831,000.00 1,802,193.90
November 1999... 0.00 11,765,037.03 12,831,000.00 1,756,859.52
December 1999... 0.00 11,133,736.43 12,831,000.00 1,711,766.62
January 2000.... 0.00 10,505,801.95 12,831,000.00 1,666,914.17
February 2000... 0.00 9,881,218.98 12,831,000.00 1,622,301.11
March 2000...... 0.00 9,259,973.04 12,831,000.00 1,577,926.40
April 2000...... 0.00 8,642,049.70 12,831,000.00 1,533,789.03
* The PAC Balances shown for the Class 2-A4 Certificates are
notional balances. The Class 2-A4 Certificates are
interest-only Certificates and will not be entitled to
distributions of principal.
POOL 2 PAC BALANCES
DISTRIBUTION -------------------------------------------- CLASS 2-A4*
DATE CLASS 2-A1 CLASS 2-A2 CLASS 2-A3 (INTEREST ONLY)
---------------- -------------- -------------- -------------- ---------------
May 2000........ $ 0.00 $ 8,027,434.65 $12,831,000.00 $ 1,489,887.96
June 2000....... 0.00 7,416,113.68 12,831,000.00 1,446,222.18
July 2000....... 0.00 6,808,072.65 12,831,000.00 1,402,790.69
August 2000..... 0.00 6,203,297.53 12,831,000.00 1,359,592.47
September 2000.. 0.00 5,601,774.38 12,831,000.00 1,316,626.54
October 2000.... 0.00 5,003,489.35 12,831,000.00 1,273,891.90
November 2000... 0.00 4,408,428.69 12,831,000.00 1,231,387.58
December 2000... 0.00 3,816,578.73 12,831,000.00 1,189,112.59
January 2001.... 0.00 3,227,925.91 12,831,000.00 1,147,065.96
February 2001... 0.00 2,642,456.73 12,831,000.00 1,105,246.74
March 2001...... 0.00 2,060,157.82 12,831,000.00 1,063,653.97
April 2001...... 0.00 1,481,015.86 12,831,000.00 1,022,286.69
May 2001........ 0.00 905,017.66 12,831,000.00 981,143.97
June 2001....... 0.00 332,150.10 12,831,000.00 940,224.86
July 2001....... 0.00 0.00 12,593,400.14 899,528.45
August 2001..... 0.00 0.00 12,026,754.85 859,053.79
September 2001.. 0.00 0.00 11,463,201.38 818,799.98
October 2001.... 0.00 0.00 10,902,726.96 778,766.09
November 2001... 0.00 0.00 10,345,318.93 738,951.24
December 2001... 0.00 0.00 9,790,964.69 699,354.52
January 2002.... 0.00 0.00 9,239,651.76 659,975.03
February 2002... 0.00 0.00 8,691,367.71 620,811.89
March 2002...... 0.00 0.00 8,210,470.86 586,462.12
April 2002...... 0.00 0.00 7,748,572.92 553,469.41
May 2002........ 0.00 0.00 7,305,038.66 521,788.40
June 2002....... 0.00 0.00 6,879,252.88 491,375.13
July 2002....... 0.00 0.00 6,470,619.81 462,187.06
August 2002..... 0.00 0.00 6,078,562.45 434,182.97
September 2002.. 0.00 0.00 5,702,522.05 407,322.94
October 2002.... 0.00 0.00 5,341,957.54 381,568.34
November 2002... 0.00 0.00 4,996,344.95 356,881.73
December 2002... 0.00 0.00 4,665,176.90 333,226.87
January 2003.... 0.00 0.00 4,347,962.11 310,568.68
February 2003... 0.00 0.00 4,044,224.86 288,873.16
March 2003...... 0.00 0.00 3,775,847.97 269,703.39
April 2003...... 0.00 0.00 3,519,243.63 251,374.51
May 2003........ 0.00 0.00 3,273,993.73 233,856.66
June 2003....... 0.00 0.00 3,039,693.72 217,120.95
July 2003....... 0.00 0.00 2,815,952.17 201,139.41
August 2003..... 0.00 0.00 2,602,390.36 185,885.00
September 2003.. 0.00 0.00 2,398,641.90 171,331.54
October 2003.... 0.00 0.00 2,204,352.30 157,453.71
November 2003... 0.00 0.00 2,019,178.66 144,227.03
December 2003... 0.00 0.00 1,842,789.25 131,627.79
January 2004.... 0.00 0.00 1,674,863.20 119,633.07
February 2004... 0.00 0.00 1,515,090.12 108,220.71
March 2004...... 0.00 0.00 1,396,973.13 99,783.78
April 2004...... 0.00 0.00 1,284,771.13 91,769.36
May 2004........ 0.00 0.00 1,178,248.44 84,160.59
June 2004....... 0.00 0.00 1,077,177.65 76,941.25
July 2004....... 0.00 0.00 981,339.37 70,095.66
August 2004..... 0.00 0.00 890,521.95 63,608.70
September 2004.. 0.00 0.00 804,521.24 57,465.80
October 2004.... 0.00 0.00 723,140.33 51,652.88
November 2004... 0.00 0.00 646,189.32 46,156.38
December 2004... 0.00 0.00 573,485.07 40,963.22
January 2005.... 0.00 0.00 504,851.00 36,060.78
February 2005... 0.00 0.00 440,116.87 31,436.92
* The PAC Balances shown for the Class 2-A4 Certificates are
notional balances. The Class 2-A4 Certificates are
interest-only Certificates and will not be entitled to
distributions of principal.
POOL 2 PAC BALANCES
DISTRIBUTION -------------------------------------------- CLASS 2-A4*
DATE CLASS 2-A1 CLASS 2-A2 CLASS 2-A3 (INTEREST ONLY)
---------------- -------------- -------------- -------------- ---------------
March 2005...... $ 0.00 $ 0.00 $ 401,467.95 $ 28,676.28
April 2005...... 0.00 0.00 364,956.21 26,068.30
May 2005........ 0.00 0.00 330,487.02 23,606.22
June 2005....... 0.00 0.00 297,969.45 21,283.53
July 2005....... 0.00 0.00 267,316.08 19,094.01
August 2005..... 0.00 0.00 238,442.95 17,031.64
September 2005.. 0.00 0.00 211,269.38 15,090.67
October 2005.... 0.00 0.00 185,717.86 13,265.56
November 2005... 0.00 0.00 161,713.95 11,551.00
December 2005... 0.00 0.00 139,186.17 9,941.87
January 2006.... 0.00 0.00 118,065.86 8,433.28
February 2006... 0.00 0.00 98,287.15 7,020.51
March 2006...... 0.00 0.00 92,962.75 6,640.20
April 2006...... 0.00 0.00 87,828.18 6,273.44
May 2006........ 0.00 0.00 82,877.10 5,919.80
June 2006....... 0.00 0.00 78,103.37 5,578.82
July 2006....... 0.00 0.00 73,501.04 5,250.08
August 2006..... 0.00 0.00 69,064.38 4,933.17
September 2006.. 0.00 0.00 64,787.82 4,627.70
October 2006.... 0.00 0.00 60,665.97 4,333.29
November 2006... 0.00 0.00 56,693.63 4,049.55
December 2006... 0.00 0.00 52,865.75 3,776.13
January 2007.... 0.00 0.00 49,177.45 3,512.68
February 2007... 0.00 0.00 45,624.02 3,258.86
March 2007...... 0.00 0.00 42,220.91 3,015.78
April 2007...... 0.00 0.00 38,942.63 2,781.62
May 2007........ 0.00 0.00 35,784.93 2,556.07
June 2007....... 0.00 0.00 32,743.72 2,338.84
July 2007....... 0.00 0.00 29,815.04 2,129.65
August 2007..... 0.00 0.00 26,995.05 1,928.22
September 2007.. 0.00 0.00 24,280.03 1,734.29
October 2007.... 0.00 0.00 21,666.41 1,547.60
November 2007... 0.00 0.00 19,150.69 1,367.91
December 2007... 0.00 0.00 16,729.53 1,194.97
January 2008.... 0.00 0.00 14,399.68 1,028.55
February 2008... 0.00 0.00 12,157.98 868.43
March 2008...... 0.00 0.00 10,001.41 714.39
April 2008...... 0.00 0.00 7,927.01 566.22
May 2008........ 0.00 0.00 5,931.94 423.71
June 2008....... 0.00 0.00 4,013.46 286.68
July 2008....... 0.00 0.00 2,168.90 154.93
August 2008..... 0.00 0.00 395.68 28.27
September 2008.. 0.00 0.00 0.00 0.00
* The PAC Balances shown for the Class 2-A4 Certificates are
notional balances. The Class 2-A4 Certificates are
interest-only Certificates and will not be entitled to
distributions of principal.
POOL 1 TAC BALANCES TABLE
TAC BALANCES
-----------------------------------------------------------
CLASS 1-A5B CLASS 1-A7A CLASS 1-A7B
DISTRIBUTION TAC TAC TAC Z
DATE COMPONENT CLASS 1-A6 COMPONENT COMPONENT
---------------- -------------- -------------- -------------- --------------
Initial Balance. $24,267,057.80 $18,750,422.70 $43,017,480.50 $53,000,000.00
March 1997...... 24,132,677.08 18,646,590.78 42,779,267.86 53,331,250.00
April 1997...... 23,978,242.90 18,527,264.15 42,505,507.04 53,664,570.31
May 1997........ 23,803,760.12 18,392,446.58 42,196,206.70 53,999,973.88
June 1997....... 23,609,268.14 18,242,168.50 41,851,436.64 54,337,473.71
July 1997....... 23,394,841.05 18,076,487.16 41,471,328.21 54,677,082.92
August 1997..... 23,160,587.74 17,895,486.70 41,056,074.44 55,018,814.69
September 1997.. 22,906,651.98 17,699,278.21 40,605,930.18 55,362,682.28
October 1997.... 22,633,212.33 17,487,999.65 40,121,211.99 55,708,699.05
November 1997... 22,340,482.08 17,261,815.83 39,602,297.91 56,056,878.42
December 1997... 22,028,708.98 17,020,918.16 39,049,627.14 56,407,233.91
January 1998.... 21,698,174.98 16,765,524.53 38,463,699.51 56,759,779.12
February 1998... 21,349,195.91 16,495,878.94 37,845,074.85 57,114,527.74
March 1998...... 20,982,120.97 16,212,251.21 37,194,372.18 57,471,493.54
April 1998...... 20,597,332.25 15,914,936.60 36,512,268.85 57,830,690.37
May 1998........ 20,195,244.13 15,604,255.25 35,799,499.38 58,192,132.19
June 1998....... 19,776,302.57 15,280,551.75 35,056,854.32 58,555,833.01
July 1998....... 19,340,984.35 14,944,194.51 34,285,178.86 58,921,806.97
August 1998..... 18,889,796.28 14,595,575.11 33,485,371.39 59,290,068.26
September 1998.. 18,423,274.23 14,235,107.62 32,658,381.85 59,660,631.19
October 1998.... 17,941,982.20 13,863,227.80 31,805,210.00 60,033,510.13
November 1998... 17,446,511.23 13,480,392.34 30,926,903.57 60,408,719.57
December 1998... 16,937,478.29 13,087,077.96 30,024,556.25 60,786,274.07
January 1999.... 16,415,525.08 12,683,780.49 29,099,305.57 61,166,188.28
February 1999... 15,881,316.82 12,271,013.89 28,152,330.71 61,548,476.96
March 1999...... 15,335,540.87 11,849,309.30 27,184,850.17 61,933,154.94
April 1999...... 14,778,905.42 11,419,213.90 26,198,119.32 62,320,237.16
May 1999........ 14,212,138.02 10,981,289.85 25,193,427.87 62,709,738.64
June 1999....... 13,635,984.15 10,536,113.15 24,172,097.30 63,101,674.51
July 1999....... 13,053,105.77 10,085,740.63 23,138,846.40 63,496,059.97
August 1999..... 12,479,808.86 9,642,771.42 22,122,580.28 63,892,910.35
September 1999.. 11,915,936.39 9,207,084.19 21,123,020.58 64,292,241.04
October 1999.... 11,361,333.32 8,778,559.15 20,139,892.47 64,694,067.55
November 1999... 10,815,846.59 8,357,078.02 19,172,924.61 65,098,405.47
December 1999... 10,279,325.05 7,942,524.04 18,221,849.09 65,505,270.50
January 2000.... 9,751,619.52 7,534,781.90 17,286,401.42 65,914,678.44
February 2000... 9,232,582.65 7,133,737.79 16,366,320.45 66,326,645.18
March 2000...... 8,722,069.03 6,739,279.33 15,461,348.36 66,741,186.71
April 2000...... 8,219,935.03 6,351,295.55 14,571,230.58 67,158,319.13
May 2000........ 7,726,038.87 5,969,676.91 13,695,715.79 67,578,058.63
June 2000....... 7,240,240.58 5,594,315.24 12,834,555.83 68,000,421.49
July 2000....... 6,762,401.94 5,225,103.76 11,987,505.70 68,425,424.13
TAC BALANCES
-----------------------------------------------------------
CLASS 1-A5B CLASS 1-A7A CLASS 1-A7B
DISTRIBUTION TAC TAC TAC Z
DATE COMPONENT CLASS 1-A6 COMPONENT COMPONENT
---------------- -------------- -------------- -------------- --------------
August 2000..... $ 6,292,386.50 $ 4,861,937.02 $11,154,323.52 $68,853,083.03
September 2000.. 5,830,059.52 4,504,710.92 10,334,770.44 69,283,414.80
October 2000.... 5,375,287.97 4,153,322.68 9,528,610.66 69,716,436.14
November 2000... 4,927,940.53 3,807,670.82 8,735,611.35 70,152,163.86
December 2000... 4,487,887.50 3,467,655.14 7,955,542.64 70,590,614.89
January 2001.... 4,055,000.85 3,133,176.70 7,188,177.54 71,031,806.23
February 2001... 3,629,154.16 2,804,137.82 6,433,291.98 71,475,755.02
March 2001...... 3,210,222.62 2,480,442.07 5,690,664.68 71,922,478.49
April 2001...... 2,798,082.97 2,161,994.21 4,960,077.17 72,371,993.98
May 2001........ 2,392,613.53 1,848,700.22 4,241,313.74 72,824,318.94
June 2001....... 1,993,694.14 1,540,467.25 3,534,161.40 73,279,470.94
July 2001....... 1,601,206.18 1,237,203.66 2,838,409.85 73,737,467.63
August 2001..... 1,215,032.51 938,818.93 2,153,851.43 74,198,326.80
September 2001.. 835,057.46 645,223.68 1,480,281.14 74,662,066.34
October 2001.... 461,166.83 356,329.68 817,496.51 75,128,704.26
November 2001... 93,247.85 72,049.80 165,297.64 75,598,258.66
December 2001... 0.00 0.00 0.00 75,117,722.13
January 2002.... 0.00 0.00 0.00 74,329,930.35
February 2002... 0.00 0.00 0.00 73,565,112.17
March 2002...... 0.00 0.00 0.00 72,920,213.56
April 2002...... 0.00 0.00 0.00 72,296,824.26
May 2002........ 0.00 0.00 0.00 71,694,594.48
June 2002....... 0.00 0.00 0.00 71,113,179.14
July 2002....... 0.00 0.00 0.00 70,552,237.91
August 2002..... 0.00 0.00 0.00 70,011,435.04
September 2002.. 0.00 0.00 0.00 69,490,439.37
October 2002.... 0.00 0.00 0.00 68,988,924.26
November 2002... 0.00 0.00 0.00 68,506,567.51
December 2002... 0.00 0.00 0.00 68,043,051.33
January 2003.... 0.00 0.00 0.00 67,598,062.26
February 2003... 0.00 0.00 0.00 67,171,291.15
March 2003...... 0.00 0.00 0.00 66,792,358.41
April 2003...... 0.00 0.00 0.00 66,430,575.10
May 2003........ 0.00 0.00 0.00 66,085,648.24
June 2003....... 0.00 0.00 0.00 65,757,288.91
July 2003....... 0.00 0.00 0.00 65,445,212.19
August 2003..... 0.00 0.00 0.00 65,149,289.20
September 2003.. 0.00 0.00 0.00 64,872,658.75
October 2003.... 0.00 0.00 0.00 64,614,952.04
November 2003... 0.00 0.00 0.00 64,375,805.91
December 2003... 0.00 0.00 0.00 64,154,862.76
January 2004.... 0.00 0.00 0.00 63,951,770.47
February 2004... 0.00 0.00 0.00 63,766,182.38
March 2004...... 0.00 0.00 0.00 63,664,733.30
April 2004...... 0.00 0.00 0.00 63,578,552.38
May 2004........ 0.00 0.00 0.00 63,507,328.83
June 2004....... 0.00 0.00 0.00 63,450,756.90
July 2004....... 0.00 0.00 0.00 63,408,535.58
August 2004..... 0.00 0.00 0.00 63,380,368.69
September 2004.. 0.00 0.00 0.00 62,820,423.09
October 2004.... 0.00 0.00 0.00 61,993,048.20
November 2004... 0.00 0.00 0.00 61,163,988.75
December 2004... 0.00 0.00 0.00 60,333,691.81
January 2005.... 0.00 0.00 0.00 59,502,586.46
February 2005... 0.00 0.00 0.00 58,671,084.38
March 2005...... 0.00 0.00 0.00 57,768,456.31
April 2005...... 0.00 0.00 0.00 56,871,103.35
TAC BALANCES
-----------------------------------------------------------
CLASS 1-A5B CLASS 1-A7A CLASS 1-A7B
DISTRIBUTION TAC TAC TAC Z
DATE COMPONENT CLASS 1-A6 COMPONENT COMPONENT
---------------- -------------- -------------- -------------- --------------
May 2005........ $ 0.00 $ 0.00 $ 0.00 $55,979,211.65
June 2005....... 0.00 0.00 0.00 55,092,956.95
July 2005....... 0.00 0.00 0.00 54,212,505.00
August 2005..... 0.00 0.00 0.00 53,338,011.86
September 2005.. 0.00 0.00 0.00 52,469,624.28
October 2005.... 0.00 0.00 0.00 51,607,480.01
November 2005... 0.00 0.00 0.00 50,751,708.16
December 2005... 0.00 0.00 0.00 49,902,429.43
January 2006.... 0.00 0.00 0.00 49,059,756.51
February 2006... 0.00 0.00 0.00 48,223,794.32
March 2006...... 0.00 0.00 0.00 47,352,321.63
April 2006...... 0.00 0.00 0.00 46,492,203.25
May 2006........ 0.00 0.00 0.00 45,643,309.06
June 2006....... 0.00 0.00 0.00 44,805,510.01
July 2006....... 0.00 0.00 0.00 43,978,678.09
August 2006..... 0.00 0.00 0.00 43,162,686.44
September 2006.. 0.00 0.00 0.00 42,357,409.19
October 2006.... 0.00 0.00 0.00 41,562,721.64
November 2006... 0.00 0.00 0.00 40,778,500.09
December 2006... 0.00 0.00 0.00 40,004,622.00
January 2007.... 0.00 0.00 0.00 39,240,965.86
February 2007... 0.00 0.00 0.00 38,487,411.30
March 2007...... 0.00 0.00 0.00 37,743,838.97
April 2007...... 0.00 0.00 0.00 37,010,130.70
May 2007........ 0.00 0.00 0.00 36,286,169.30
June 2007....... 0.00 0.00 0.00 35,571,838.76
July 2007....... 0.00 0.00 0.00 34,867,024.10
August 2007..... 0.00 0.00 0.00 34,171,611.45
September 2007.. 0.00 0.00 0.00 33,485,487.99
October 2007.... 0.00 0.00 0.00 32,808,542.03
November 2007... 0.00 0.00 0.00 32,140,662.89
December 2007... 0.00 0.00 0.00 31,481,741.03
January 2008.... 0.00 0.00 0.00 30,831,667.94
February 2008... 0.00 0.00 0.00 30,190,336.19
March 2008...... 0.00 0.00 0.00 29,557,639.42
April 2008...... 0.00 0.00 0.00 28,933,472.30
May 2008........ 0.00 0.00 0.00 28,317,730.62
June 2008....... 0.00 0.00 0.00 27,710,311.14
July 2008....... 0.00 0.00 0.00 27,111,111.73
August 2008..... 0.00 0.00 0.00 26,520,031.28
September 2008.. 0.00 0.00 0.00 25,936,969.71
October 2008.... 0.00 0.00 0.00 25,361,828.00
November 2008... 0.00 0.00 0.00 24,794,508.12
December 2008... 0.00 0.00 0.00 24,234,913.09
January 2009.... 0.00 0.00 0.00 23,682,946.94
February 2009... 0.00 0.00 0.00 23,138,514.72
March 2009...... 0.00 0.00 0.00 22,601,522.45
April 2009...... 0.00 0.00 0.00 22,071,877.20
May 2009........ 0.00 0.00 0.00 21,549,486.98
June 2009....... 0.00 0.00 0.00 21,034,260.85
July 2009....... 0.00 0.00 0.00 20,526,108.80
August 2009..... 0.00 0.00 0.00 20,024,941.80
September 2009.. 0.00 0.00 0.00 19,530,671.82
October 2009.... 0.00 0.00 0.00 19,043,211.76
November 2009... 0.00 0.00 0.00 18,562,475.49
December 2009... 0.00 0.00 0.00 18,088,377.81
January 2010.... 0.00 0.00 0.00 17,620,834.49
TAC BALANCES
-----------------------------------------------------------
CLASS 1-A5B CLASS 1-A7A CLASS 1-A7B
DISTRIBUTION TAC TAC TAC Z
DATE COMPONENT CLASS 1-A6 COMPONENT COMPONENT
---------------- -------------- -------------- -------------- --------------
February 2010... $ 0.00 $ 0.00 $ 0.00 $17,159,762.22
March 2010...... 0.00 0.00 0.00 16,705,078.62
April 2010...... 0.00 0.00 0.00 16,256,702.22
May 2010........ 0.00 0.00 0.00 15,814,552.48
June 2010....... 0.00 0.00 0.00 15,378,549.75
July 2010....... 0.00 0.00 0.00 14,948,615.30
August 2010..... 0.00 0.00 0.00 14,524,671.27
September 2010.. 0.00 0.00 0.00 14,106,640.71
October 2010.... 0.00 0.00 0.00 13,694,447.53
November 2010... 0.00 0.00 0.00 13,288,016.50
December 2010... 0.00 0.00 0.00 12,887,273.28
January 2011.... 0.00 0.00 0.00 12,492,144.38
February 2011... 0.00 0.00 0.00 12,102,557.14
March 2011...... 0.00 0.00 0.00 11,718,439.77
April 2011...... 0.00 0.00 0.00 11,339,721.28
May 2011........ 0.00 0.00 0.00 10,966,331.53
June 2011....... 0.00 0.00 0.00 10,598,201.21
July 2011....... 0.00 0.00 0.00 10,235,261.79
August 2011..... 0.00 0.00 0.00 9,877,445.57
September 2011.. 0.00 0.00 0.00 9,524,685.63
October 2011.... 0.00 0.00 0.00 9,176,915.86
November 2011... 0.00 0.00 0.00 8,834,070.92
December 2011... 0.00 0.00 0.00 8,496,086.23
January 2012.... 0.00 0.00 0.00 8,162,898.02
February 2012... 0.00 0.00 0.00 7,834,443.23
March 2012...... 0.00 0.00 0.00 7,510,659.60
April 2012...... 0.00 0.00 0.00 7,191,485.57
May 2012........ 0.00 0.00 0.00 6,876,860.37
June 2012....... 0.00 0.00 0.00 6,566,723.92
July 2012....... 0.00 0.00 0.00 6,261,016.88
August 2012..... 0.00 0.00 0.00 5,959,680.62
September 2012.. 0.00 0.00 0.00 5,662,657.25
October 2012.... 0.00 0.00 0.00 5,369,889.54
November 2012... 0.00 0.00 0.00 5,081,320.98
December 2012... 0.00 0.00 0.00 4,796,895.74
January 2013.... 0.00 0.00 0.00 4,516,558.68
February 2013... 0.00 0.00 0.00 4,240,255.34
March 2013...... 0.00 0.00 0.00 3,967,931.91
April 2013...... 0.00 0.00 0.00 3,699,535.23
May 2013........ 0.00 0.00 0.00 3,435,012.86
June 2013....... 0.00 0.00 0.00 3,174,312.92
July 2013....... 0.00 0.00 0.00 2,917,384.22
August 2013..... 0.00 0.00 0.00 2,664,176.20
September 2013.. 0.00 0.00 0.00 2,414,638.92
October 2013.... 0.00 0.00 0.00 2,168,723.07
November 2013... 0.00 0.00 0.00 1,926,379.94
December 2013... 0.00 0.00 0.00 1,687,561.41
January 2014.... 0.00 0.00 0.00 1,452,220.01
February 2014... 0.00 0.00 0.00 1,220,308.83
March 2014...... 0.00 0.00 0.00 991,781.53
April 2014...... 0.00 0.00 0.00 766,592.41
May 2014........ 0.00 0.00 0.00 544,696.28
June 2014....... 0.00 0.00 0.00 326,048.56
July 2014....... 0.00 0.00 0.00 110,605.22
August 2014..... 0.00 0.00 0.00 0.00
POOL 2 TAC BALANCES TABLE
TAC BALANCES
DISTRIBUTION DATE CLASS 2-A5
--------------------------------------------- --------------
Initial Balance.............................. $24,799,000.00
March 1997................................... 24,731,528.05
April 1997................................... 24,641,823.32
May 1997..................................... 24,530,097.88
June 1997.................................... 24,396,605.86
July 1997.................................... 24,241,643.20
August 1997.................................. 24,065,547.21
September 1997............................... 23,868,696.04
October 1997................................. 23,651,508.10
November 1997................................ 23,414,441.26
December 1997................................ 23,157,992.10
January 1998................................. 22,882,694.92
February 1998................................ 22,589,184.42
March 1998................................... 22,278,063.24
April 1998................................... 21,950,048.65
May 1998..................................... 21,605,805.71
June 1998.................................... 21,246,031.10
July 1998.................................... 20,871,451.68
August 1998.................................. 20,482,822.94
September 1998............................... 20,081,036.94
October 1998................................. 19,667,034.73
November 1998................................ 19,241,824.46
December 1998................................ 18,806,231.04
January 1999................................. 18,361,147.25
February 1999................................ 17,907,518.32
March 1999................................... 17,446,385.76
April 1999................................... 16,979,180.80
May 1999..................................... 16,507,609.37
June 1999.................................... 16,033,402.81
July 1999.................................... 15,563,171.11
August 1999.................................. 15,105,150.86
September 1999............................... 14,661,245.08
October 1999................................. 14,231,224.87
November 1999................................ 13,814,864.68
December 1999................................ 13,411,942.18
January 2000................................. 13,022,238.29
February 2000................................ 12,645,537.12
March 2000................................... 12,281,625.88
April 2000................................... 11,930,294.89
May 2000..................................... 11,591,337.52
June 2000.................................... 11,264,550.14
July 2000.................................... 10,949,732.07
TAC BALANCES
DISTRIBUTION DATE CLASS 2-A5
--------------------------------------------- --------------
August 2000.................................. 10,646,685.57
September 2000............................... 10,355,215.77
October 2000................................. 10,075,130.65
November 2000................................ 9,806,240.98
December 2000................................ 9,548,360.31
January 2001................................. 9,301,304.89
February 2001................................ 9,064,893.68
March 2001................................... 8,838,948.28
April 2001................................... 8,623,292.89
May 2001..................................... 8,417,754.31
June 2001.................................... 8,222,161.85
July 2001.................................... 8,036,347.35
August 2001.................................. 7,860,145.10
September 2001............................... 7,693,391.84
October 2001................................. 7,535,926.71
November 2001................................ 7,387,591.21
December 2001................................ 7,248,229.17
January 2002................................. 7,117,686.73
February 2002................................ 6,995,812.30
March 2002................................... 6,854,986.54
April 2002................................... 6,705,966.70
May 2002..................................... 6,549,229.85
June 2002.................................... 6,385,235.26
July 2002.................................... 6,214,424.96
August 2002.................................. 6,037,224.34
September 2002............................... 5,854,042.67
October 2002................................. 5,665,273.64
November 2002................................ 5,471,295.90
December 2002................................ 5,272,473.53
January 2003................................. 5,069,156.55
February 2003................................ 4,861,681.36
March 2003................................... 4,638,717.76
April 2003................................... 4,412,780.10
May 2003..................................... 4,184,154.39
June 2003.................................... 3,953,114.95
July 2003.................................... 3,719,924.81
August 2003.................................. 3,484,836.10
September 2003............................... 3,248,090.45
October 2003................................. 3,009,919.28
November 2003................................ 2,770,544.23
December 2003................................ 2,530,177.44
January 2004................................. 2,289,021.91
February 2004................................ 2,047,271.80
March 2004................................... 1,789,363.67
April 2004................................... 1,532,332.65
May 2004..................................... 1,276,308.91
June 2004.................................... 1,021,415.86
July 2004.................................... 767,770.40
August 2004.................................. 515,483.18
September 2004............................... 264,658.80
October 2004................................. 15,396.09
November 2004................................ 0.00
EXHIBIT C
MORTGAGE LOANS
[Each Mortgage Loan shall be identified by loan
number, address of the Mortgaged Property, name of the Mortgagor
and Mortgage Pool. The following details shall be set forth as to
each Mortgage Loan: (i) the principal balance at the time of its
origination, (ii) the Scheduled Principal Balance as of the
Cut-off Date, (iii) the interest rate borne by the Mortgage Note,
(iv) the scheduled monthly level payment of principal and
interest, (v) the loan-to-value ratio, (vi) the maturity date of
the Mortgage Note and (vii) the Servicing Fee Rate for such
Mortgage Loan.]
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 1
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0007506066 MORTGAGORS: PITCHER XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XX XXXXXXXXXX XXXXX
01 CITY : PORTLAND
STATE/ZIP : OR 97232
MORTGAGE AMOUNT : 258,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,200.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99000
------------------------------------------------------------------
0 0007510969 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 000/000 XXXXXXXXX XXXXX
00 XXXX : FORT MILL
STATE/ZIP : SC 29715
MORTGAGE AMOUNT : 97,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 97,440.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 749.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0007511033 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXXX XXXX
00 CITY : BELLE XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 49.54900
------------------------------------------------------------------
0 0007511827 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00000 X XXXXXXXX XX
00 CITY : BROOKFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 85.89743
------------------------------------------------------------------
0 0007512031 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX JUNE
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
00 CITY : PAWTUCKET
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 78,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 78,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 585.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 977,350.00
P & I AMT: 7,216.59
UPB AMT: 976,640.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 2
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0007512346 MORTGAGORS: WOOD XXXXXX
XXXX XXXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX XXXXX
00 CITY : ORANGEVALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 293,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,707.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 83.97100
------------------------------------------------------------------
0 0007513237 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX
00 CITY : LUGOFF
STATE/ZIP : SC 29078
MORTGAGE AMOUNT : 61,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 60,899.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 519.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/17
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.25000
------------------------------------------------------------------
0 0007513757 MORTGAGORS: XXXX XXXX
XXXX XXXXXX
REGION CODE ADDRESS : 43190 XXXX MANOR COURT
00 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 246,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,438.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.67272
------------------------------------------------------------------
0 0007515935 MORTGAGORS: XXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX XXXXX
00 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,599.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0007517857 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0000 X. XXXXXXXX XXXXXX
00 CITY : GLENDORA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,044,750.00
P & I AMT: 7,785.16
UPB AMT: 1,044,296.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 3
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0007518723 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
00 CITY : TORRANCE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 264,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,940.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 58.77700
------------------------------------------------------------------
0 0007522766 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX XXXX
00 CITY : BRIDGEWATER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.25072
------------------------------------------------------------------
0 0007522774 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXX
00 CITY : GREENSBORO
STATE/ZIP : NC 27410
MORTGAGE AMOUNT : 224,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,627.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 86.34615
------------------------------------------------------------------
0 0007522998 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
00 CITY : YORKTOWN HEIGHTS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 59.40000
------------------------------------------------------------------
0 0007523657 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXX
00 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 392,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,999.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/22
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.56000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,394,400.00
P & I AMT: 10,226.76
UPB AMT: 1,394,400.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 4
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0007524085 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 4000 49ERS ROAD
00 CITY : CLAYTON
STATE/ZIP : NC 27520
MORTGAGE AMOUNT : 148,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 148,686.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,027.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 93.88000
------------------------------------------------------------------
0 0007524697 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
00 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.36200
------------------------------------------------------------------
0 0007525066 MORTGAGORS: XXXXX XXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
00 CITY : INDIAN TRAIL
STATE/ZIP : NC 28079
MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 59,974.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 435.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.92207
------------------------------------------------------------------
0 0007526858 MORTGAGORS: XXXXXXXXXX XXXXXX
XXXXXXXXXX XXXX
REGION CODE ADDRESS : 10112 OAT LANDS PLACE
00 CITY : FREDERICKSBURG
STATE/ZIP : VA 22408
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0007538770 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : BOULDER
STATE/ZIP : CO 80301
MORTGAGE AMOUNT : 254,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,083.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,006,050.00
P & I AMT: 7,287.72
UPB AMT: 1,005,744.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 5
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0007538788 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX XXXX 00
01 CITY : TETON VILLAGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,850.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0007538820 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXXX
01 CITY : VENICE
STATE/ZIP : FL 34292
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,765.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.08600
------------------------------------------------------------------
0 0007538838 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXXXX XXXXX XXXXX
01 CITY : LAKELAND
STATE/ZIP : FL 33803
MORTGAGE AMOUNT : 307,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,126.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0007538846 MORTGAGORS: XXXXXXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXX
01 CITY : MILFORD
STATE/ZIP : PA 18337
MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 429,758.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,421.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0007538853 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : HAWLEY
STATE/ZIP : PA 18428
MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 129,849.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,022.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 64.67600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,445,500.00
P & I AMT: 11,069.49
UPB AMT: 1,444,350.88
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 6
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0007538861 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 2282 CENTURY HILL
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 613,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 612,578.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,444.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.52600
------------------------------------------------------------------
0 0007538879 MORTGAGORS: XXXXXX XXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XX XXXXXX XXXXXX
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,844.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 72.46300
------------------------------------------------------------------
0 0007538887 MORTGAGORS: XXXXX-XXXXXXXX XXXXX
XXXXX-XXXXXXXX XXXXX
REGION CODE ADDRESS : 10459 COLINA WAY
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 246,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,043.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.05600
------------------------------------------------------------------
0 0007538895 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXX XXXX
01 CITY : MAMMOTH LAKES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 253,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,214.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,958.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/21
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98200
------------------------------------------------------------------
0 0007538903 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00-00 00XX XXXXXX
01 CITY : QUEENS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 277,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,268.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.06900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,640,400.00
P & I AMT: 12,213.04
UPB AMT: 1,638,948.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 7
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0007538911 MORTGAGORS: XXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : RALEIGH
STATE/ZIP : NC 27607
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,684.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0007538937 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00 X 0XX XXXXXX
01 CITY : LOCUST VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,858.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0007538945 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXX XXXXX
01 CITY : CARAMEL
STATE/ZIP : IN 46032
MORTGAGE AMOUNT : 287,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,675.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,213.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0007538960 MORTGAGORS: XXX XXXX HO
XXX-XXX XXXXX
REGION CODE ADDRESS : 9131 MORNING MIST COURT
01 CITY : CLARKSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 272,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,760.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 63.57400
------------------------------------------------------------------
0 0007538978 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXX XXX.
01 CITY : CLIFFSIDE PARK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 211,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,736.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 87.91600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,238,950.00
P & I AMT: 9,400.21
UPB AMT: 1,237,716.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 8
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0007538986 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXX
01 CITY : NAPA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,680.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.44400
------------------------------------------------------------------
0 0007538994 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX VIRGINIA
REGION CODE ADDRESS : 0000 XXXXXX XXXXX XXXXX
01 CITY : CHINO HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,160.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,010.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,046.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 94.99900
------------------------------------------------------------------
0 0007539083 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXX XXXXXX #0000
01 CITY : SARASOTA
STATE/ZIP : FL 34238
MORTGAGE AMOUNT : 113,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 113,022.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 871.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.99200
------------------------------------------------------------------
0 0007539109 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX XXX #000
01 CITY : XXXXXX SPRINGS
STATE/ZIP : FL 33923
MORTGAGE AMOUNT : 95,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 95,502.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 736.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.56900
------------------------------------------------------------------
0 0009154899 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
00 CITY : WEST COVINA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 247,864.85 OPTION TO CONVERT :
UNPAID BALANCE : 244,537.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,043.25 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 07/01/22
CURRENT INT RATE: 9.00000 PRODUCT CODE : 002
LTV : 60.60265
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 967,074.85
P & I AMT: 7,575.51
UPB AMT: 962,752.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 9
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0019813187 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
00 CITY : FREMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,747.03 OPTION TO CONVERT :
UNPAID BALANCE : 227,905.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,886.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 06/01/22
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 72.10844
------------------------------------------------------------------
0 0030354716 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXXXX XXXX
01 CITY : MT LAUREL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 244,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,335.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.95400
------------------------------------------------------------------
0 0030446645 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 X. XXXXXX XXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 287,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,497.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.99800
------------------------------------------------------------------
0 0030474084 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXX 000XX XXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85252
MORTGAGE AMOUNT : 281,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,016.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99400
------------------------------------------------------------------
0 0030483127 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0000 X. XXXXXX XXXXXX
01 CITY : MESA
STATE/ZIP : AZ 85203
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,676.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,283,697.03
P & I AMT: 9,602.82
UPB AMT: 1,279,431.42
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 10
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030488381 MORTGAGORS: XXXXX XXXX
XXXXX XXX
REGION CODE ADDRESS : 6405 SUTLER STORE CT
01 CITY : CENTREVILLE
STATE/ZIP : VA 22020
MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,041.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 04/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.76100
------------------------------------------------------------------
0 0030504096 MORTGAGORS: XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : HOUSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 402,743.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,027.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.33000
------------------------------------------------------------------
0 0030508923 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 X XXXXXXXX XXXXX #00
01 CITY : MESA
STATE/ZIP : AZ 85215
MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,864.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,894.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.86900
------------------------------------------------------------------
0 0030515456 MORTGAGORS: XXXXXXXXXXX XXXX
XXXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXX
01 CITY : TARZANA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.94800
------------------------------------------------------------------
0 0030521843 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
01 CITY : XXXXXX
STATE/ZIP : LA 71006
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,778.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.18900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,555,200.00
P & I AMT: 11,462.58
UPB AMT: 1,552,427.69
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 11
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030524284 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 00-000 XXXXXXX XXXXXX
01 CITY : MILILANI
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,580.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.03100
------------------------------------------------------------------
0 0030533889 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXX XXXXXX
01 CITY : BATON ROUGE
STATE/ZIP : LA 70816
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,717.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.01500
------------------------------------------------------------------
0 0030535231 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXX
01 CITY : METAIRIE
STATE/ZIP : LA 70001
MORTGAGE AMOUNT : 596,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 595,589.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,321.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.80700
------------------------------------------------------------------
0 0030535256 MORTGAGORS: XXXXXXXXXXX XXXX
XXXXXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXX XXXX XXXXXXXXX XXXXX
01 CITY : SOUTH JORDAN
STATE/ZIP : UT 84095
MORTGAGE AMOUNT : 225,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,980.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 56.32500
------------------------------------------------------------------
0 0030541643 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 X. XXXXXXXX XXXXX #00
01 CITY : MESA
STATE/ZIP : AZ 85207
MORTGAGE AMOUNT : 300,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,732.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,130.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98800
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,811,250.00
P & I AMT: 12,976.77
UPB AMT: 1,809,600.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 12
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030541668 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 7945 E XXXXXX REAL
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,771.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,598.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 55.50604
------------------------------------------------------------------
0 0030546303 MORTGAGORS: XXXX XXXXX-XXX
REGION CODE ADDRESS : 00000 XXXXX 00XX XXXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,563.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99200
------------------------------------------------------------------
0 0030546519 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX XXX 000
00 CITY : BLUE XXXX
STATE/ZIP : PA 19422
MORTGAGE AMOUNT : 258,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,264.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99100
------------------------------------------------------------------
0 0030551493 MORTGAGORS: XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXX
01 CITY : MARIETTA
STATE/ZIP : GA 30068
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,692.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 60.00000
------------------------------------------------------------------
0 0030556021 MORTGAGORS: XXXX XXXXXXXX
XXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : LAS VEGAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,319.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.26300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,150.00
P & I AMT: 10,709.54
UPB AMT: 1,453,611.86
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 13
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030561641 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 15228 EAST CHUPAROSA
01 CITY : FOUNTAIN HILLS
STATE/ZIP : AZ 85268
MORTGAGE AMOUNT : 275,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,705.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.98300
------------------------------------------------------------------
0 0030564462 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXXX XXXXXX
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 279,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,310.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 74.99700
------------------------------------------------------------------
0 0030571798 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 8132 LAKISTA PT. LANE
01 CITY : RALEIGH
STATE/ZIP : NC 27529
MORTGAGE AMOUNT : 219,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,900.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,594.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98900
------------------------------------------------------------------
0 0030575724 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXX
01 CITY : XXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,836.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,538.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
------------------------------------------------------------------
0 0030584338 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXX XXXX XXXXX
01 CITY : LITTLETON
STATE/ZIP : CO 80124
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,650.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.23700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,236,500.00
P & I AMT: 8,770.80
UPB AMT: 1,235,402.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 14
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030587299 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX XXXXX
01 CITY : MOORESTOWN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,553.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 63.15700
------------------------------------------------------------------
0 0030589683 MORTGAGORS: XXXX XXXXXXX
REGION CODE ADDRESS : 9604 E WATERS EDGE PLACE
01 CITY : TUSCON
STATE/ZIP : AZ 85749
MORTGAGE AMOUNT : 261,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,619.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99400
------------------------------------------------------------------
0 0030595870 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XX
01 CITY : CANTON
STATE/ZIP : GA 30115
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,824.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,073.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.97500
------------------------------------------------------------------
0 0030605679 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XX.
01 CITY : BRISTOW
STATE/ZIP : VA 20136
MORTGAGE AMOUNT : 240,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,176.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030608376 MORTGAGORS: XXXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XX #0X
01 CITY : CORAL GABLES
STATE/ZIP : FL 33133
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,674.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,150.00
P & I AMT: 10,955.65
UPB AMT: 1,526,847.47
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 15
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030618367 MORTGAGORS: XXXXX XXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0 XXXXXXXXXX XXXXX
01 CITY : WHITEMARSH
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,746.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.22000
------------------------------------------------------------------
0 0030625693 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : HOUSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,257.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,163.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 87.27200
------------------------------------------------------------------
0 0030626030 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXX XX
01 CITY : BARRINGTON HILLS
STATE/ZIP : FL 60021
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,110.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,341.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 65.31200
------------------------------------------------------------------
0 0030626576 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 X. 000XX XXXXX
01 CITY : TORRANCE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030628291 MORTGAGORS: XXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXX 00XX XXXXXX
01 CITY : CAVE CREEK
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 222,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,800.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,635.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,650,950.00
P & I AMT: 12,053.91
UPB AMT: 1,648,675.80
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 16
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030630347 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : LAS VEGAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 246,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,470.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 94.98800
------------------------------------------------------------------
0 0030632988 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX XXXXX
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,716.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,337.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99986
------------------------------------------------------------------
0 0030634745 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXXX XXXXXX
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 217,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,506.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,598.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99300
------------------------------------------------------------------
0 0030635254 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : FT. WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 228,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,748.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.98900
------------------------------------------------------------------
0 0030636922 MORTGAGORS: XXXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 14526 MEETING CAMP ROAD
01 CITY : CENTREVILLE
STATE/ZIP : VA 22020
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,551.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99800
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,244,266.00
P & I AMT: 9,412.13
UPB AMT: 1,241,614.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 17
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030638407 MORTGAGORS: XXXXXX XXXXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 1220 THE FOREST
01 CITY : CROZIER
STATE/ZIP : VA 23039
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 474,707.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,656.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.16600
------------------------------------------------------------------
0 0030645089 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXX 00XX XXXXX
01 CITY : ARVADA
STATE/ZIP : CO 80002
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,613.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.67500
------------------------------------------------------------------
0 0030645659 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXX 000XX XXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,717.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030649123 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXX XXXXX
01 CITY : SOUTH RIDING
STATE/ZIP : VA 22122
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,324.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99700
------------------------------------------------------------------
0 0030650758 MORTGAGORS: XXXXXXXXXX XXXXXX
XXXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXXX
01 CITY : XXXX XXXXX
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 292,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,191.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,519,550.00
P & I AMT: 11,326.70
UPB AMT: 1,517,554.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 18
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030653141 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XXXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 292,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,944.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.99200
------------------------------------------------------------------
0 0030653307 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 31241 CALLE BOLERO
01 CITY : SAN XXXX CAPISTRANO
STATE/ZIP : CA 92675
MORTGAGE AMOUNT : 331,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.89500
------------------------------------------------------------------
0 0030655096 MORTGAGORS: DILISI CROCE
DILISI SUSANNA
REGION CODE ADDRESS : 1 SLAB BRANCH ROAD
01 CITY : MEDFORD
STATE/ZIP : NJ 08050
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,600.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 69.69600
------------------------------------------------------------------
0 0030658298 MORTGAGORS: HUNT CALVIN
HUNT KIMBERLY
REGION CODE ADDRESS : 123 ELDRIDGE ROAD
01 CITY : SUGAR LAND
STATE/ZIP : TX 77478
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,989.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,479.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 88.54166
------------------------------------------------------------------
0 0030658512 MORTGAGORS: GLASS KENNETH
GLASS KARIN
REGION CODE ADDRESS : 6618 EDEN ROC CREST
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46220
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,469.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,400,050.00
P & I AMT: 10,758.60
UPB AMT: 1,398,003.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030659411 MORTGAGORS: MIZELLE RICHARD
MIZELLE LINDA
REGION CODE ADDRESS : LOT 9 BLK III SECTION I
01 CITY : KITTY HAWK
STATE/ZIP : NC 27949
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,661.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.89500
------------------------------------------------------------------
0 0030659734 MORTGAGORS: DEMBER STUART
REGION CODE ADDRESS : 65 ELM RIDGE ROAD
01 CITY : HOPEWELL
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,263.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,585.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 76.47000
------------------------------------------------------------------
0 0030660039 MORTGAGORS: LOSARDO STEPHEN
BADDERS SUSAN
REGION CODE ADDRESS : 12397 NORTH 127TH WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 297,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,587.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,290.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.98900
------------------------------------------------------------------
0 0030660328 MORTGAGORS: KLEIN DAVID
KLEIN M
REGION CODE ADDRESS : 945 APPLE BLOSSOM DRIVE
01 CITY : VILLA HILLS
STATE/ZIP : KY 41017
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,538.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,182.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 88.16200
------------------------------------------------------------------
0 0030663009 MORTGAGORS: LUCERO RICHARD
THOMAS SUSAN
REGION CODE ADDRESS : 6351 RUNNING SPRINGS ROAD
01 CITY : SAN JOSE
STATE/ZIP : CA 95313
MORTGAGE AMOUNT : 434,160.00 OPTION TO CONVERT :
UNPAID BALANCE : 432,263.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,376.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.25400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,715,110.00
P & I AMT: 13,351.91
UPB AMT: 1,711,314.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030663132 MORTGAGORS: PALACIOS RICARDO
PALACIOS CATHERINE
REGION CODE ADDRESS : 2 ACRES 4 MILES SOUTH ENCINAL
01 CITY : ENCINAL
STATE/ZIP : TX 78019
MORTGAGE AMOUNT : 215,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,217.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,600.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 54.69500
------------------------------------------------------------------
0 0030663512 MORTGAGORS: WATTS RICHARD
WATTS JACQUELINE
REGION CODE ADDRESS : 14601 JONES BRIDGE ROAD
01 CITY : BOWIE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 340,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,285.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,619.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.99300
------------------------------------------------------------------
0 0030663678 MORTGAGORS: HOESCH CHARLES
HOESCH MARCELLA
REGION CODE ADDRESS : 2214 POT SPRING ROAD
01 CITY : TIMONIUM
STATE/ZIP : MD 21093
MORTGAGE AMOUNT : 300,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,853.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.60000
------------------------------------------------------------------
0 0030663710 MORTGAGORS: CAMMARATA PETER
COMMARATA BARBARA
REGION CODE ADDRESS : 17 LONG HOUSE WAY
01 CITY : COMMACK
STATE/ZIP : NY 11725
MORTGAGE AMOUNT : 243,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,610.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,897.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 79.99300
------------------------------------------------------------------
0 0030664197 MORTGAGORS: O'SHAUGHNESSY JAMES
O'SHAUGHNESSY CHRISTINE
REGION CODE ADDRESS : 12 PETER HOBART DRIVE
01 CITY : HINGHAM
STATE/ZIP : MA 02043
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,854.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,334,150.00
P & I AMT: 10,123.23
UPB AMT: 1,332,822.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030664981 MORTGAGORS: TREZZA CARMEN
SCHRAUFNAGL ROBYN
REGION CODE ADDRESS : 20 FAWN DRIVE
01 CITY : MONTVILLE
STATE/ZIP : NJ 07045
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.88800
------------------------------------------------------------------
0 0030665772 MORTGAGORS: SPINELLA GERARD
SPINELLA CATHERINE
REGION CODE ADDRESS : 100 CHOCTAW TRAIL
01 CITY : RINGWOOD
STATE/ZIP : NJ 07456
MORTGAGE AMOUNT : 253,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,506.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030666663 MORTGAGORS: HARRIMAN STEPHEN
MCCORKHILL MARY
REGION CODE ADDRESS : 4201 ROYAL PALM AVENUE
01 CITY : MIAMI BEACH
STATE/ZIP : FL 33140
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,313.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030666788 MORTGAGORS: IERLEY JON
IERLEY ROBERTA
REGION CODE ADDRESS : 2887 SUNLIT GLADE
01 CITY : HENDERSON
STATE/ZIP : NV 89014
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,653.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,793.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.97200
------------------------------------------------------------------
0 0030667299 MORTGAGORS: BRUNT CHARLES
REGION CODE ADDRESS : 1565 E. WHITMAR PLACE
01 CITY : MEMMPHIS
STATE/ZIP : TN 38120
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,388.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,667.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 79.78500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,365,300.00
P & I AMT: 10,437.69
UPB AMT: 1,363,861.78
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030667406 MORTGAGORS: FLETCHER DONALD
FLETCHER MARIA
REGION CODE ADDRESS : 602 NE 59 STREET
01 CITY : MIAMI
STATE/ZIP : FL 33137
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,842.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.14900
------------------------------------------------------------------
0 0030667877 MORTGAGORS: VERDEAL KATHEY
REGION CODE ADDRESS : 4481 CLAY STREET
01 CITY : BOULDER
STATE/ZIP : CO 80301
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,845.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 85.00000
------------------------------------------------------------------
0 0030669006 MORTGAGORS: TING TSE
TING NANCY
REGION CODE ADDRESS : 1121 WHITE CLIFF DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,976.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,224.52 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 9.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030669048 MORTGAGORS: MICK AL
MICK CAROL
REGION CODE ADDRESS : 1675 SE OAK SHORE LANE
01 CITY : MILWAUKEE
STATE/ZIP : OR 97267
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,220.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,977.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 66.26600
------------------------------------------------------------------
0 0030669543 MORTGAGORS: RIVERS RICHARD
RIVERS CHRISTINE
REGION CODE ADDRESS : 15 BARNSIDE ROAD
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 372,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,579.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,899.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,381,700.00
P & I AMT: 10,786.38
UPB AMT: 1,380,464.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030670251 MORTGAGORS: HIGDON BUDDY
REGION CODE ADDRESS : 1011 LYLEBORN COURT
01 CITY : APEX
STATE/ZIP : NC 27503
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,750.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030671176 MORTGAGORS: EHTESHAMI MANI
EHTESHAMI KAY
REGION CODE ADDRESS : 4007 CLOVERWAY DRIVE
01 CITY : REDDING
STATE/ZIP : CA 96002
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,272.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030672653 MORTGAGORS: KETTEL L.
KETTEL FAITH
REGION CODE ADDRESS : 409 LOMA LARGA DRIVE
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 490,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 489,888.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,728.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030672950 MORTGAGORS: BRAUN JANE
DEVEAUX KENNETH
REGION CODE ADDRESS : 193 SADDLE HILL ROAD
01 CITY : HOPKINTON
STATE/ZIP : MA 01748
MORTGAGE AMOUNT : 210,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,323.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,563.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030673677 MORTGAGORS: PRICE KELLY
PRICE BETH
REGION CODE ADDRESS : 2034 MOUNTAIN MAPLE AVENUE
01 CITY : HIGHLANDS RAANCH
STATE/ZIP : CO 80126
MORTGAGE AMOUNT : 223,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,085.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,620.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 83.71800
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,447,900.00
P & I AMT: 10,982.53
UPB AMT: 1,445,319.43
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030674691 MORTGAGORS: SABOUNGHI JOSEPH
REGION CODE ADDRESS : 10 WEST 18TH STREET
01 CITY : BARNEGAT LIGHT THE BOROUG
STATE/ZIP : NJ 08006
MORTGAGE AMOUNT : 225,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,466.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030674758 MORTGAGORS: JONES PERRY
REGION CODE ADDRESS : 4598 MOUNT VERNON DRIVE
01 CITY : LOS ANGELES AREA
STATE/ZIP : CA 90043
MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,389.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.33300
------------------------------------------------------------------
0 0030675185 MORTGAGORS: CRUGNALE KIMBERLY
REGION CODE ADDRESS : 6178 N. 28TH PLACE
01 CITY : PHOENIX
STATE/ZIP : AZ 85016
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,919.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030675227 MORTGAGORS: MANUEL JAMES
MANUEL RUTH
REGION CODE ADDRESS : 5528 ECHO ROAD
01 CITY : GAHANNA
STATE/ZIP : OH 43230
MORTGAGE AMOUNT : 241,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,791.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.43200
------------------------------------------------------------------
0 0030675334 MORTGAGORS: COATY MICHAEL
COATY LAURA
REGION CODE ADDRESS : 3092 TARA
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 239,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,522.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,301,900.00
P & I AMT: 9,638.80
UPB AMT: 1,300,088.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030675805 MORTGAGORS: MADRIGAL JOEL
MADRIGAL LGA
REGION CODE ADDRESS : 3539 N. OZARK AVENUE
01 CITY : CHICAGO
STATE/ZIP : IL 60634
MORTGAGE AMOUNT : 215,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,465.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,638.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.97700
------------------------------------------------------------------
0 0030676001 MORTGAGORS: MOLLE MICHAEL
MOLLE MARGARET
REGION CODE ADDRESS : 33 BEECHWOOD LANE
01 CITY : EAST HANOVER
STATE/ZIP : NJ 07936
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,836.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 59.08000
------------------------------------------------------------------
0 0030676522 MORTGAGORS: BILLINGTON ROBERT
BILLINGTON MARY
REGION CODE ADDRESS : 3050 PALATINE TERRACE AVENUE
01 CITY : HENDERSON
STATE/ZIP : NV 89012
MORTGAGE AMOUNT : 263,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,819.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.98300
------------------------------------------------------------------
0 0030677124 MORTGAGORS: LEONHARDT HENRY
LEONHARDT KATHRYN
REGION CODE ADDRESS : 3208 TWIN LEAF DRIVE
01 CITY : RALEIGH
STATE/ZIP : NC 27613
MORTGAGE AMOUNT : 375,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,719.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,818.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99700
------------------------------------------------------------------
0 0030677520 MORTGAGORS: JORGENSEN TIMOTHY
JORGENSEN HELEN
REGION CODE ADDRESS : 35 ORCHARD WAY SOUTH
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 271,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,352.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,383,350.00
P & I AMT: 10,434.88
UPB AMT: 1,379,193.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030677652 MORTGAGORS: ABRAHAM ROBERT
ABRAHAM HELENE
REGION CODE ADDRESS : 3 STONE GATE DRIVE
01 CITY : NEWTOWN
STATE/ZIP : CT 06470
MORTGAGE AMOUNT : 316,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,464.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,297.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030677728 MORTGAGORS: MCBRAIR SCOTT
MCBRIAR EILEEN
REGION CODE ADDRESS : 12040 EAST WELSH TRAIL
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,538.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,812.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 78.72340
------------------------------------------------------------------
0 0030677744 MORTGAGORS: BAKER STEVEN
BAKER HEATHER
REGION CODE ADDRESS : 8380 LOS MONTEROS STREET
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,537.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 92.34000
------------------------------------------------------------------
0 0030677751 MORTGAGORS: VANARIA MICHAEL
VANARIA CARON
REGION CODE ADDRESS : 116 COUNTRY CLUB DRIVE
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.35000
------------------------------------------------------------------
0 0030678163 MORTGAGORS: FORDNEY STEPHEN
FORDNEY LUANNE
REGION CODE ADDRESS : 12837 NW LORRAINE DRIVE
01 CITY : PORTLAND
STATE/ZIP : OR 97229
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,786.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.82000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,562,800.00
P & I AMT: 11,573.02
UPB AMT: 1,561,109.68
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030678171 MORTGAGORS: ZIMMER ROSS
ZIMMER VALERIE
REGION CODE ADDRESS : 29 APPLE ORCHARD ROAD
01 CITY : MOORESTOWN
STATE/ZIP : NJ 08057
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 93.75000
------------------------------------------------------------------
0 0030678593 MORTGAGORS: FOULKS J
FOULKS ANNE
REGION CODE ADDRESS : 1220 RANCHO ENCINITAS DR
01 CITY : ENCINITAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,442.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,155.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 54.83800
------------------------------------------------------------------
0 0030678783 MORTGAGORS: NUGROHO TIEN
KUSUMONEGORO SUKARNO
REGION CODE ADDRESS : 25269 GOLD HILLS DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,022.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,908.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.25600
------------------------------------------------------------------
0 0030679021 MORTGAGORS: HANSEN KIM
BARBER-HANSEN BETH
REGION CODE ADDRESS : 12009 NORTH RIVER GLENN LANE
01 CITY : MEQUON
STATE/ZIP : WI 53092
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,663.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,129.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 92.64200
------------------------------------------------------------------
0 0030679096 MORTGAGORS: POWERS ROBERT
POWERS DEE ANNE
REGION CODE ADDRESS : 13580 SMALLWOOD LANE
01 CITY : CHANTILLY
STATE/ZIP : VA 22021
MORTGAGE AMOUNT : 276,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,573.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,545,150.00
P & I AMT: 11,448.40
UPB AMT: 1,543,287.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030679153 MORTGAGORS: SANCHEZ BENJAMIN
MARQUEZ TERESA
REGION CODE ADDRESS : 17 PORTSMOUTH COVE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,672.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,718.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.70400
------------------------------------------------------------------
0 0030679161 MORTGAGORS: RUSSO PATRICIA
REGION CODE ADDRESS : 369 N BENSON ROAD
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 252,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,788.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.99100
------------------------------------------------------------------
0 0030679369 MORTGAGORS: DANIELS BRENT
DANIELS VICTORIA
REGION CODE ADDRESS : 1155 LAKEWOOD RANCH
01 CITY : WEED
STATE/ZIP : CA 96094
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,720.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 66.66600
------------------------------------------------------------------
0 0030679633 MORTGAGORS: VALDEZ SAMUEL
VALDEZ JANICE
REGION CODE ADDRESS : 7868 MEADOWGATE DRIVE
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 221,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,975.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,605.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.03900
------------------------------------------------------------------
0 0030679641 MORTGAGORS: CHENOWETH WILLIAM
CHENOWETH BLAYNE
REGION CODE ADDRESS : 1211 NEW JERSEY AVENUE
01 CITY : CAPE MAY
STATE/ZIP : NJ 08204
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,823.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,004.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,210,700.00
P & I AMT: 9,036.92
UPB AMT: 1,208,980.68
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030679864 MORTGAGORS: DOWNING ROBERT
FIGUEROA DERISE
REGION CODE ADDRESS : 5911 MALL STREET
01 CITY : CORAL GABLES
STATE/ZIP : FL 33146
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,280.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,316.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030681019 MORTGAGORS: JOHST DAVID
BORDONARO DENISE
REGION CODE ADDRESS : 7 MEADOW VIEW LANE
01 CITY : ANDOVER
STATE/ZIP : MA 01810
MORTGAGE AMOUNT : 400,001.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,725.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 66.50000
------------------------------------------------------------------
0 0030681134 MORTGAGORS: DUCHENE BRUCE
DUCHENE SILVIA
REGION CODE ADDRESS : 28 FERRO COURT
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,690.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030681290 MORTGAGORS: DENK MICHAEL
DENK PADIDEH
REGION CODE ADDRESS : 1 WOODSIDE LANE NORTH
01 CITY : AMHERST
STATE/ZIP : NY 14221
MORTGAGE AMOUNT : 282,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,770.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,070.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030681597 MORTGAGORS: BONN JERROLD
BONN MARTHA
REGION CODE ADDRESS : 38 RUSSET LANE
01 CITY : STOW
STATE/ZIP : MA 01775
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,845.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.38000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,477,851.00
P & I AMT: 10,761.84
UPB AMT: 1,476,312.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030681647 MORTGAGORS: EIGUREN ROY
EIGUREN MIREN
REGION CODE ADDRESS : 117 LOCUST AVENUE
01 CITY : BOISE
STATE/ZIP : ID 83712
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,468.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,007.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 67.50000
------------------------------------------------------------------
0 0030682330 MORTGAGORS: ALLEN CHARLES
ALLEN BENITA
REGION CODE ADDRESS : 4057 MEADOW WOOD DR.
01 CITY : ELDORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 222,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,315.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.98900
------------------------------------------------------------------
0 0030682462 MORTGAGORS: AZIZI SEYED
AZIZI MITRA
REGION CODE ADDRESS : 19636 CRYSTAL RIDGE LANE
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91326
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.28800
------------------------------------------------------------------
0 0030682512 MORTGAGORS: CHUMPITAZ JORGE
SALAS CARMEN
REGION CODE ADDRESS : 932 SOJTH FAIRFAX STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,927.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,788.02 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 9.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030683163 MORTGAGORS: FRANKS ERIC
FRANKS ROBIN
REGION CODE ADDRESS : 8732 MARBURG MANOR DRIVE
01 CITY : LUTHERVILLE
STATE/ZIP : MD 21093
MORTGAGE AMOUNT : 345,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,435.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,627.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.99000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,547,750.00
P & I AMT: 11,767.62
UPB AMT: 1,546,146.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030683197 MORTGAGORS: GALLIERS PATRICIA
GALLIERS DON
REGION CODE ADDRESS : 6 HAMPTON COURT
01 CITY : PORT WASHINGTON
STATE/ZIP : NY 11050
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,817.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,470.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/25
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 61.90400
------------------------------------------------------------------
0 0030683288 MORTGAGORS: MARGARELLA ANTOINETTE
SCOTT GENEVIEVE
REGION CODE ADDRESS : 201 COVERLY AVE
01 CITY : STATEN ISLAND
STATE/ZIP : NY 10314
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,625.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,280.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 71.42800
------------------------------------------------------------------
0 0030683312 MORTGAGORS: ZOOTA FELICE
LUCERO TERESA
REGION CODE ADDRESS : 22615 CERISE AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,568.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030683395 MORTGAGORS: WILLENS GARY
WILLENS PATRICIA
REGION CODE ADDRESS : 4625 EAST GARNET CIRCLE
01 CITY : MESA
STATE/ZIP : AZ 85206
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,816.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 66.66600
------------------------------------------------------------------
0 0030683924 MORTGAGORS: CREGAN NORMAN
REGION CODE ADDRESS : 203 BENWELL COURT
01 CITY : CARY
STATE/ZIP : NC 27513
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,559.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,068.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 79.02700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,000.00
P & I AMT: 10,769.23
UPB AMT: 1,412,387.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030684195 MORTGAGORS: NGUYEN DUNG
TRAN THUY PHUONG
REGION CODE ADDRESS : 5116 WHISPER WILLOW DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 297,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,679.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,128.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.97700
------------------------------------------------------------------
0 0030684211 MORTGAGORS: PI DAVID
PI EVA
REGION CODE ADDRESS : 16 NORTH DISBOW HILL ROAD
01 CITY : MONROE TOWNSHIP
STATE/ZIP : NJ 08831
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 344,791.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,652.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030684237 MORTGAGORS: WATSON MICHAEL
WATSON KAREN
REGION CODE ADDRESS : 31300 CEDAR ROAD
01 CITY : PEPPER PIKE
STATE/ZIP : OH 44124
MORTGAGE AMOUNT : 222,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,165.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030684476 MORTGAGORS: AMBERGER DAVID
STONE JENNY
REGION CODE ADDRESS : 216 A KULAMANU PLACE
01 CITY : HONOLULU
STATE/ZIP : HI 96816
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,753.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,769.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.47058
------------------------------------------------------------------
0 0030684484 MORTGAGORS: MEDEIROS JOHN
REGION CODE ADDRESS : 11 OAK DRIVE
01 CITY : PROVINCETOWN
STATE/ZIP : MA 02657
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,794.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,508.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,844,400.00
P & I AMT: 13,768.23
UPB AMT: 1,839,184.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030684773 MORTGAGORS: KESLIN MICHAEL
KESLIN ILENE
REGION CODE ADDRESS : 2136 FOOTHILLS ROAD
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,629.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.33300
------------------------------------------------------------------
0 0030684922 MORTGAGORS: KLAGES GLEN
KLAGES ANN
REGION CODE ADDRESS : 3719 HEAD OF POND
01 CITY : NEW ALBANY
STATE/ZIP : OH 43054
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.92100
------------------------------------------------------------------
0 0030684948 MORTGAGORS: DRAKE DONALD
DRAKE CECELIA
REGION CODE ADDRESS : 4 PENMARCH PLACE
01 CITY : SIOUX FALLS
STATE/ZIP : SD 57108
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,236.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,580.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030685051 MORTGAGORS: KIMBRELL TED
KIMBRELL TERRI
REGION CODE ADDRESS : 6830 STERLING DRIVE
01 CITY : SUWANEE
STATE/ZIP : GA 30174
MORTGAGE AMOUNT : 266,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,258.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.95600
------------------------------------------------------------------
0 0030685085 MORTGAGORS: HAYES RODNEY
HAYES DIANNE
REGION CODE ADDRESS : 11732 BRIGHT PASSAGE
01 CITY : COLUMBIA
STATE/ZIP : MD 21044
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,635.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,400.00
P & I AMT: 10,535.32
UPB AMT: 1,418,533.07
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030685143 MORTGAGORS: FIORELLI ROBERT
FIORELLI JOANNE
REGION CODE ADDRESS : 1190 TIMBERGROVE ROAD
01 CITY : SHAVERTOWN
STATE/ZIP : PA 18708
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,661.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,438.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.84500
------------------------------------------------------------------
0 0030685242 MORTGAGORS: CARPER R
CARPER SANDRA
REGION CODE ADDRESS : 12 WESTWIND
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,547.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030685424 MORTGAGORS: TORRES KELLY
TORRES ANGELINA
REGION CODE ADDRESS : 1955 PLAYA ST.
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,677.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030685671 MORTGAGORS: JOHNSON JEANNIE
HARRINGTON PAUL
REGION CODE ADDRESS : 219 HILLSIDE DRIVE
01 CITY : FRANKLIN
STATE/ZIP : TN 37067
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,632.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,928.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030686471 MORTGAGORS: HARP CHRISTOPHER
HARP CONNIE
REGION CODE ADDRESS : 119 DORIC COURT
01 CITY : MORRISVILLE
STATE/ZIP : NC 27560
MORTGAGE AMOUNT : 241,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,491.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,575,650.00
P & I AMT: 11,520.35
UPB AMT: 1,574,010.94
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030686539 MORTGAGORS: OEHRING HELMUT
OEHRING ANGELA
REGION CODE ADDRESS : 4774 WEST HINSDALE COURT
01 CITY : LITTLETON
STATE/ZIP : CO 80123
MORTGAGE AMOUNT : 375,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,154.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,787.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99100
------------------------------------------------------------------
0 0030686554 MORTGAGORS: MURPHY THOMAS
MURPHY SHERRI
REGION CODE ADDRESS : 20 SELLECK PLACE
01 CITY : NEW CANAAN
STATE/ZIP : CT 06840
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,805.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,970.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.01100
------------------------------------------------------------------
0 0030686695 MORTGAGORS: RIFAREAL VICTOR
RIFAREAL LILLIAN
REGION CODE ADDRESS : 7712 CUMBERTREE COURT
01 CITY : SPRINGFIELD
STATE/ZIP : VA 22153
MORTGAGE AMOUNT : 227,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,377.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98900
------------------------------------------------------------------
0 0030687149 MORTGAGORS: JOSEPH CHARLES
JOSEPH LOIS
REGION CODE ADDRESS : 125 JOHN BROWNING
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,866.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,634.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 46.73900
------------------------------------------------------------------
0 0030687172 MORTGAGORS: PERRY MICHAEL
PERRY ANDREA
REGION CODE ADDRESS : 152 STONEGATE DRIVE
01 CITY : LANDENBERG
STATE/ZIP : PA 19350
MORTGAGE AMOUNT : 255,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,365.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,348,650.00
P & I AMT: 9,831.68
UPB AMT: 1,347,569.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030687289 MORTGAGORS: MOORE WILLIAM
MOORE GAILA
REGION CODE ADDRESS : 25190 CANYON OAKS COURT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 329,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,377.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,477.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.99747
------------------------------------------------------------------
0 0030687404 MORTGAGORS: EWELL THOMAS
BAYER WENDY
REGION CODE ADDRESS : 38038 W COLONIAL HWY
01 CITY : HAMILTON
STATE/ZIP : VA 20158
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,776.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,736.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030687545 MORTGAGORS: FAIN JOHN
FAIN JENNIFER
REGION CODE ADDRESS : 2253 GLENALDEN WEST
01 CITY : GERMANTOWN
STATE/ZIP : TN 38139
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,715.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,732.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030687586 MORTGAGORS: LAUDERMILK SANDRA
REGION CODE ADDRESS : 9671 CAITMNESS
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,660.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030687677 MORTGAGORS: MICHELET FLORENCE
ABUZAR SYED
REGION CODE ADDRESS : 953 CURTIS PLACE
01 CITY : N BRUNSWICK
STATE/ZIP : NJ 08902
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,570.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 93.45700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,457,800.00
P & I AMT: 10,973.05
UPB AMT: 1,456,100.66
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030687701 MORTGAGORS: WRIGHT WILLIAM
WRIGHT PAMELA
REGION CODE ADDRESS : 19000 SADDLE RIVER DR
01 CITY : OKLAHOMA CITY
STATE/ZIP : OK 73003
MORTGAGE AMOUNT : 497,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 496,863.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,737.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.60000
------------------------------------------------------------------
0 0030687784 MORTGAGORS: DAVIS MARGO
DAVIS JAMES
REGION CODE ADDRESS : 7215 EAST TAILFEATHER DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 215,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,910.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,579.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.59100
------------------------------------------------------------------
0 0030687792 MORTGAGORS: SHELTON FRED
SHELTON CHERYL
REGION CODE ADDRESS : 5110 EAST PHELPS ROAD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,247.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.98500
------------------------------------------------------------------
0 0030687800 MORTGAGORS: ISAKSEN JOSEPH
ISAKSEN KAREN
REGION CODE ADDRESS : 2008 MARTINS GRANT CT
01 CITY : CROWNSVILLE
STATE/ZIP : MD 21032
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,645.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.34700
------------------------------------------------------------------
0 0030687891 MORTGAGORS: TAKASE HIDEO
TAKASE ETSUKO
REGION CODE ADDRESS : 726 EAST CANTERBURY DRIVE
01 CITY : ARLINGTON HEIGHTS
STATE/ZIP : IL 60004
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,855.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.99200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,433,100.00
P & I AMT: 10,662.05
UPB AMT: 1,431,523.29
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030687974 MORTGAGORS: SHUBIN BRIAN
SHUBIN VICKEY
REGION CODE ADDRESS : 10910 SOUTH WESTERN AVENUE
01 CITY : OKLAHOMA CITY
STATE/ZIP : OK 73170
MORTGAGE AMOUNT : 228,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,496.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,677.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98400
------------------------------------------------------------------
0 0030687990 MORTGAGORS: LEVENE ALAN
LEVENE NANCY
REGION CODE ADDRESS : 22 PIERSON COURT
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,368.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,753.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 79.25000
------------------------------------------------------------------
0 0030688014 MORTGAGORS: FEDJE EARL
FEDJE JOAN
REGION CODE ADDRESS : 945 STAGECOACH TRAIL
01 CITY : CRESTONE
STATE/ZIP : CO 81131
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,840.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.23500
------------------------------------------------------------------
0 0030688063 MORTGAGORS: FALLERS ROBERT
FALLERS KATHY
REGION CODE ADDRESS : 25435 N. 93RD AVENUE
01 CITY : PEORIA
STATE/ZIP : AZ 85382
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,830.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030688071 MORTGAGORS: SUCHSHLAND ROBERT
SUCHSHLAND SHARON
REGION CODE ADDRESS : 575 KINGSPORT DRIVE
01 CITY : GURNEE
STATE/ZIP : IL 60031
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,344.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,896.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.96700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,150.00
P & I AMT: 9,793.37
UPB AMT: 1,308,880.99
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030688089 MORTGAGORS: SMITH PATRICK
SMITH MARCELLA
REGION CODE ADDRESS : 15828 EEST GRAYSTONE DRIVE
01 CITY : FOUNTAIN HILLS
STATE/ZIP : AZ 85268
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,308.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,179.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.93900
------------------------------------------------------------------
0 0030688147 MORTGAGORS: RENNIE BARRY
SHIRLEY SUSAN
REGION CODE ADDRESS : 1599 S. WOLFE ROAD
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,716.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030688303 MORTGAGORS: ESTES ROBERT
ESTES KELLY
REGION CODE ADDRESS : 25270 GOLD HILLS DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 295,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,701.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98600
------------------------------------------------------------------
0 0030688477 MORTGAGORS: CARIN LAWRENCE
REGION CODE ADDRESS : 3410 MIDDLEBROOK DRIVE
01 CITY : DURHAM
STATE/ZIP : NC 22705
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,839.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 93.25500
------------------------------------------------------------------
0 0030688626 MORTGAGORS: TURKHEIMER PAUL
TURKHEIMER HARRIET
REGION CODE ADDRESS : 18503 CENTERCREST
01 CITY : ONLEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 240,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,096.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.99000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,284,650.00
P & I AMT: 9,512.86
UPB AMT: 1,283,662.34
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030688683 MORTGAGORS: MIANOWANY JOSEPH
MIANOWANY PATRICIA
REGION CODE ADDRESS : 131 THRUSH CT.
01 CITY : DUCK
STATE/ZIP : NC 27949
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,233.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030688691 MORTGAGORS: HANAFIN THERESA
REGION CODE ADDRESS : 198 SYLVIA STREET
01 CITY : ARLINGTON
STATE/ZIP : MA 02174
MORTGAGE AMOUNT : 222,965.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,826.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030688717 MORTGAGORS: DUROVY JAMES
DUROVY NANCY
REGION CODE ADDRESS : 3333 DAWSONVILLE HWY
01 CITY : GAINESVILLE
STATE/ZIP : GA 30506
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,798.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.58800
------------------------------------------------------------------
0 0030688733 MORTGAGORS: MAO SHAUN
MAO JUDY
REGION CODE ADDRESS : 1552 PROVINCETOWN
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,610.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,460.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 73.14200
------------------------------------------------------------------
0 0030688782 MORTGAGORS: POWELL STEVE
POWELL LISA
REGION CODE ADDRESS : 7804 132ND EAST COURT EAST
01 CITY : PUYALLUP
STATE/ZIP : WA 98373
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,820.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,959.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.99200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,365.00
P & I AMT: 10,512.17
UPB AMT: 1,391,290.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030688923 MORTGAGORS: BAKSH WALI
BAKSH SHAISTA
REGION CODE ADDRESS : 2821 GOLD MINE ROAD
01 CITY : BROOKVILLE
STATE/ZIP : MD 20133
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,121.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/16
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.13900
------------------------------------------------------------------
0 0030688949 MORTGAGORS: TRUMBLE DAVID
TRUMBLE EVANGELINE
REGION CODE ADDRESS : 4617 E EVANS DR
01 CITY : PHOENIX
STATE/ZIP : AZ 85032
MORTGAGE AMOUNT : 230,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,554.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030689020 MORTGAGORS: RUSH BARRY
RUSH LESLYE
REGION CODE ADDRESS : 1604 THISTLEWOOD DRIVE
01 CITY : LOWER MAKEFIELD
STATE/ZIP : PA 18977
MORTGAGE AMOUNT : 314,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,194.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99000
------------------------------------------------------------------
0 0030689319 MORTGAGORS: FIREMAN RANDY
REGION CODE ADDRESS : 8361 LOS MONTEROS STREET,
01 CITY : LAS VEGAS
STATE/ZIP : NV 89129
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,858.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 87.80400
------------------------------------------------------------------
0 0030689400 MORTGAGORS: CONSALVI TIMOTHY
CONSALVI KATHERINE
REGION CODE ADDRESS : 5614 EAST MOUNTAIN AVENUE
01 CITY : ORANGE
STATE/ZIP : CA 92687
MORTGAGE AMOUNT : 296,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,880.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.85100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,307,500.00
P & I AMT: 9,976.60
UPB AMT: 1,305,609.63
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030689434 MORTGAGORS: BEATRICE JOHN
BEATRICE CAMILLE
REGION CODE ADDRESS : 26 MIDDLEBURY LANE
01 CITY : BEVERLY
STATE/ZIP : MA 01915
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,720.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,835.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 75.64100
------------------------------------------------------------------
0 0030689558 MORTGAGORS: MISIEWICZ STEPHEN
MISIEWICZ CONSTANCE
REGION CODE ADDRESS : 1310 AVOSET TERRACE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,671.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 46.83300
------------------------------------------------------------------
0 0030689590 MORTGAGORS: HUNDT ALAN
HUNDT CELINE
REGION CODE ADDRESS : 165 ENCINO COURT
01 CITY : SUNNYVALE
STATE/ZIP : CA 94086
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,808.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.50900
------------------------------------------------------------------
0 0030689657 MORTGAGORS: BAERENSTECHER JOHN
BAERENSTECHER KAREN
REGION CODE ADDRESS : 4133 WEST NORTHAMPTON PLACE
01 CITY : HOUSTON
STATE/ZIP : TX 77098
MORTGAGE AMOUNT : 236,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,089.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.99200
------------------------------------------------------------------
0 0030689814 MORTGAGORS: GALLO FRANK
GALLO CHERYL
REGION CODE ADDRESS : 14610 AYLESFORD CIRCLE
01 CITY : LAUREL
STATE/ZIP : MD 20707
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,618.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,278,200.00
P & I AMT: 9,527.71
UPB AMT: 1,276,909.16
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030690168 MORTGAGORS: CHRISTOFFEL WILLIAM
CHRISTOFFEL PAMELA
REGION CODE ADDRESS : 748 PAHUMELE PLACE
01 CITY : KAILUA
STATE/ZIP : HI 96734
MORTGAGE AMOUNT : 486,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 485,298.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,693.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030690192 MORTGAGORS: NESS STUART
NESS LAURIE
REGION CODE ADDRESS : 4823 JENKS PT WAY E
01 CITY : SUMNER
STATE/ZIP : WA 98390
MORTGAGE AMOUNT : 246,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,100.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,765.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.13500
------------------------------------------------------------------
0 0030690259 MORTGAGORS: WAKIM PIERRE
WAKIM KARLA
REGION CODE ADDRESS : 107 OAK RIDGE CREEK DR.
01 CITY : BURR RIDGE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,705.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,341.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030690374 MORTGAGORS: HAMILL GEOFFREY
GAWNE AGNES
REGION CODE ADDRESS : 4903 FREMONT AVENUE NORTH
01 CITY : SEATTLE
STATE/ZIP : WA 98013
MORTGAGE AMOUNT : 233,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,789.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99800
------------------------------------------------------------------
0 0030690531 MORTGAGORS: SCHIRA JAMES
SCHIRA CAROLYN
REGION CODE ADDRESS : 3000 STERNS RD
01 CITY : LAMBERTVILLE
STATE/ZIP : MI 48144
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,647.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,756,400.00
P & I AMT: 12,991.89
UPB AMT: 1,754,541.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030690564 MORTGAGORS: HUGHES DEIRDRE
REGION CODE ADDRESS : 1569 GATEKEEPER WAY
01 CITY : CENTERVILLE
STATE/ZIP : OH 45458
MORTGAGE AMOUNT : 209,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 209,631.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 81.99218
------------------------------------------------------------------
0 0030690572 MORTGAGORS: DUPREY JOHN
DESCOTEAUX LISA
REGION CODE ADDRESS : 625 FOREST VIEW WAY
01 CITY : MONUMENT
STATE/ZIP : CO 80132
MORTGAGE AMOUNT : 332,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,351.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030690614 MORTGAGORS: MORAN JUDITH
HUEY RONALD
REGION CODE ADDRESS : 723 ELKMONT DRIVE
01 CITY : ATLANTA
STATE/ZIP : GA 30306
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,636.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.41100
------------------------------------------------------------------
0 0030690630 MORTGAGORS: HOOD WILLIAM
HOOD MARILEA
REGION CODE ADDRESS : 5 MAPLE DRIVE
01 CITY : CARTERSVILLE
STATE/ZIP : GA 30210
MORTGAGE AMOUNT : 265,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,647.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 88.60000
------------------------------------------------------------------
0 0030690663 MORTGAGORS: SACK CONRAD
REGION CODE ADDRESS : 5946 WOODLAKE AVENUE
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 435,699.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,161.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,514,500.00
P & I AMT: 11,252.40
UPB AMT: 1,512,966.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 45
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030690770 MORTGAGORS: ZWINGER STEVEN
ZWINGER SUSAN
REGION CODE ADDRESS : 13957 PEQUOT DRIVE
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,362.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,972.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030690788 MORTGAGORS: WENHOLZ DAVID
WENHOLZ ANDREA
REGION CODE ADDRESS : 5001 GLENLAKE DRIVE
01 CITY : AUSTIN
STATE/ZIP : TX 78730
MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,436.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030690804 MORTGAGORS: COLLIGNON KARI
REGION CODE ADDRESS : 5109 WHISPER WILLOW DRIVE
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 245,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,222.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99300
------------------------------------------------------------------
0 0030691034 MORTGAGORS: PEARSON SARAH
PEARSON JOHN
REGION CODE ADDRESS : 248 SOUTH BATAVA STREET
01 CITY : ORANGE
STATE/ZIP : CA 92868
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,528.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.62700
------------------------------------------------------------------
0 0030691042 MORTGAGORS: HENKE ROBERT
CLARK SHELLEY
REGION CODE ADDRESS : 321 MOUNTAIN RIDGE DRIVE
01 CITY : DANVILLE
STATE/ZIP : CA 94506
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,801.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,544,150.00
P & I AMT: 11,157.63
UPB AMT: 1,542,351.79
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 46
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030691109 MORTGAGORS: DIAZ GERALD
DIAZ MONICA
REGION CODE ADDRESS : 2420 EUCALYPTUS WAY
01 CITY : SAN BRUNO
STATE/ZIP : CA 94066
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,734.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 89.95900
------------------------------------------------------------------
0 0030691166 MORTGAGORS: GUERRA CARLOS
GUERRA ELIZABETH
REGION CODE ADDRESS : 305 CEDAR CIRCLE
01 CITY : BRENHAM
STATE/ZIP : TX 77833
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,327.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030691182 MORTGAGORS: FULLERTON DAVID
FULLERTON MADELINE
REGION CODE ADDRESS : 13036 CAPITAL ROAD
01 CITY : GRASS VALLEY
STATE/ZIP : CA 94545
MORTGAGE AMOUNT : 228,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,357.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,736.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 87.88400
------------------------------------------------------------------
0 0030691216 MORTGAGORS: MOLITORIS MICHAEL
MOLITORIS LINDA
REGION CODE ADDRESS : 3671 S. GRAYTHORNE WAY
01 CITY : CHANDLER
STATE/ZIP : AZ 85248
MORTGAGE AMOUNT : 284,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,713.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,115.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98500
------------------------------------------------------------------
0 0030691265 MORTGAGORS: CWIERTNIAK ROBERT
CWIERTNIAK LINDA
REGION CODE ADDRESS : 6312 N NAVAJO AVE
01 CITY : CHICAGO
STATE/ZIP : IL 60646
MORTGAGE AMOUNT : 226,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,255.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,700.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,220,300.00
P & I AMT: 9,177.38
UPB AMT: 1,219,389.67
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 47
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030691315 MORTGAGORS: XXXXXXXX XXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX
01 CITY : BRYN MAWR
STATE/ZIP : PA 19010
MORTGAGE AMOUNT : 219,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,441.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,554.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030691380 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXXXX XXXXX
01 CITY : SEEKONK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,831.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 68.47500
------------------------------------------------------------------
0 0030691539 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : ORLANDO
STATE/ZIP : FL 32819
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,863.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030691661 MORTGAGORS: XXXXXXXX XXXXXXX
XX XXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX XXXXX
01 CITY : PLYMOUTH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 242,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,564.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99600
------------------------------------------------------------------
0 0030691687 MORTGAGORS: XXXXXX XXXXXXXX
XXXXXX XXXXXXXX XXXX
REGION CODE ADDRESS : 43125 FLING COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 313,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,956.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.99800
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,260,900.00
P & I AMT: 9,223.78
UPB AMT: 1,259,656.07
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 48
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030691760 MORTGAGORS: LINDLSEY XXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXXX XXXXXXX
01 CITY : SUMMERFIELD
STATE/ZIP : NC 27358
MORTGAGE AMOUNT : 239,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,726.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
------------------------------------------------------------------
0 0030691851 MORTGAGORS: PELLET XXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXX
01 CITY : TABERNACLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 211,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 210,992.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.95700
------------------------------------------------------------------
0 0030691927 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 19 BLUE SPRUCE
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,183.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.70800
------------------------------------------------------------------
0 0030691992 MORTGAGORS: CHOY XXXXXX
XXX XXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXX XXXXX
01 CITY : XXXXXX VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,439.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,758.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99100
------------------------------------------------------------------
0 0030692016 MORTGAGORS: XXXX XXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX XXXXX
01 CITY : HAMLIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,857.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.31000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,150,400.00
P & I AMT: 8,456.48
UPB AMT: 1,149,198.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 49
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030692024 MORTGAGORS: XXXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XX XXXXXXX XXXX
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 249,112.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,784.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.99900
------------------------------------------------------------------
0 0030692115 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXXX XXXXX
01 CITY : DRAPER
STATE/ZIP : UT 84020
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,569.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.41800
------------------------------------------------------------------
0 0030692230 MORTGAGORS: XXXXXXXXXX XXXX
XXXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXX
01 CITY : JUNCTION CITY
STATE/ZIP : WI 54443
MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,252.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030692289 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : FULLERTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 310,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,402.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.31300
------------------------------------------------------------------
0 0030692388 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX GAY
REGION CODE ADDRESS : 0000 XXXX XXXX XXX
01 CITY : WHITE CITY
STATE/ZIP : OR 97503
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,684.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,382,412.00
P & I AMT: 10,240.78
UPB AMT: 1,380,693.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 50
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030692396 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXX
01 CITY : FAIRFIELD
STATE/ZIP : CT 06432
MORTGAGE AMOUNT : 238,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,485.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030692719 MORTGAGORS: PARIS TREVOR
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : GALLATIN
STATE/ZIP : TN 37066
MORTGAGE AMOUNT : 258,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,426.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,897.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.04300
------------------------------------------------------------------
0 0030692727 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 00000 XX XXXXXX XXXX
01 CITY : MISSION VIEJO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,731.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,722.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030692735 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX XXXX
01 CITY : SIMPSONVILLE
STATE/ZIP : SC 29681
MORTGAGE AMOUNT : 244,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,186.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030692750 MORTGAGORS: CHEKES EVAN
XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : XXXXX FERRY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,654.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.55500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,371,600.00
P & I AMT: 9,955.91
UPB AMT: 1,370,484.85
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 51
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030692818 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : WARRENTON
STATE/ZIP : VA 20187
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.96000
------------------------------------------------------------------
0 0030692883 MORTGAGORS: NOON XXXXXX
XXXX J.
REGION CODE ADDRESS : 0000 XXXXX XXXXXX
01 CITY : BELLAIRE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,832.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030692917 MORTGAGORS: XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,584.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030692990 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXX
REGION CODE ADDRESS : ONE TUNA PUNA LANE
01 CITY : CORONADO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,543.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030693014 MORTGAGORS: XXXX XXXXX
XXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX X
01 CITY : SEATTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,607.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,059.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,341,000.00
P & I AMT: 9,761.95
UPB AMT: 1,339,568.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 52
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030693055 MORTGAGORS: XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXX
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80908
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,676.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030693071 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXXX
01 CITY : SAN ANTONIO
STATE/ZIP : TX 78259
MORTGAGE AMOUNT : 259,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,175.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,903.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030693105 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXXX
01 CITY : LYNNWOOD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 224,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,504.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98700
------------------------------------------------------------------
0 0030693162 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 4202 PLANTAIN COVE
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 455,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 455,216.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,424.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99900
------------------------------------------------------------------
0 0030693170 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX XX
01 CITY : CARROLLTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 249,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,005.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,807.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99047
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,423,300.00
P & I AMT: 10,501.06
UPB AMT: 1,421,580.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 53
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030693196 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXX
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,614.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98700
------------------------------------------------------------------
0 0030693261 MORTGAGORS: LOCK XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : WALDORF
STATE/ZIP : MD 20601
MORTGAGE AMOUNT : 238,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,940.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.84900
------------------------------------------------------------------
0 0030693279 MORTGAGORS: TREAT XXXX
TREAT MICHAELE
REGION CODE ADDRESS : 00000 XXXXX XXXX
01 CITY : EASTON
STATE/ZIP : MD 21601
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,333.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,110.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030693295 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : XXXXXX XXXXX
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,788.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,931.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.19200
------------------------------------------------------------------
0 0030693394 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXXX XXXXX
01 CITY : XXXXXXX
STATE/ZIP : SC 29036
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,574.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.22200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,361,000.00
P & I AMT: 9,990.65
UPB AMT: 1,359,251.77
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 54
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030693451 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : XXXXXX
STATE/ZIP : LA 71270
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030693568 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXX XXXX XXXX
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46260
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,810.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 48.24500
------------------------------------------------------------------
0 0030693584 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX
01 CITY : FORT XXXXX
STATE/ZIP : IN 46804
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,733.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,708.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030693618 MORTGAGORS: DEMOS XXXX
XXXXX GEORGIA
REGION CODE ADDRESS : 3578 NORTH FORK DR.
01 CITY : AKRON
STATE/ZIP : OH 44333
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,769.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,613.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030693634 MORTGAGORS: MC XXXXXX XXXX
MC XXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : BATAVIA
STATE/ZIP : IL 60510
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,818.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,542,000.00
P & I AMT: 11,283.88
UPB AMT: 1,541,131.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 55
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030693709 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXXXX
01 CITY : LEXINGTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,778.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,165.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030693790 MORTGAGORS: CASACLANG XXXXX
DE XXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXXX
01 CITY : XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,869.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030693832 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXX
01 CITY : XXX HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,723.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,601.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030693980 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXXXX XXXXX
01 CITY : ALEXANDRIA TOWNSHIP
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,863.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.29700
------------------------------------------------------------------
0 0030694244 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0000 X 00XX XXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 382,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,162.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,906.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.99700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,400.00
P & I AMT: 11,006.47
UPB AMT: 1,495,397.16
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 56
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030694285 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXX
XXXXXX CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : SOUTHLAKE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 279,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,154.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
------------------------------------------------------------------
0 0030694319 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXX XXXXX
01 CITY : ELKTON
STATE/ZIP : MD 21921
MORTGAGE AMOUNT : 214,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,063.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030694350 MORTGAGORS: XXXXXXXX XXXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 245,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,580.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98300
------------------------------------------------------------------
0 0030694368 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : HUNTSVILLE
STATE/ZIP : AL 35802
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,147.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030694384 MORTGAGORS: XXXXXXXXXX XXXXXXX
XXXXXXXXXX XXXXX
REGION CODE ADDRESS : 12229 GOODLAND COURT
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,813.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,228,000.00
P & I AMT: 8,933.11
UPB AMT: 1,226,759.28
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 57
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030694434 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 43217 XXXXXXX XXXXX COURT
01 CITY : ASHBURN
STATE/ZIP : VA 22011
MORTGAGE AMOUNT : 269,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,000.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.88000
------------------------------------------------------------------
0 0030694483 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXXXX XXXX
01 CITY : WELLESLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 639,559.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,640.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030694517 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 500 CYPRESS CROSSING
01 CITY : WELLINGTON
STATE/ZIP : FL 33414
MORTGAGE AMOUNT : 230,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,203.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,730.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99400
------------------------------------------------------------------
0 0030694582 MORTGAGORS: XXXX XXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX XX
01 CITY : ALBUQUERQUE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 353,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,291.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,782.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030694780 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 20 GOOSE NECK LANE
01 CITY : CHARLOTTESVILLE
STATE/ZIP : VA 22906
MORTGAGE AMOUNT : 249,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,309.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.59200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,742,750.00
P & I AMT: 12,844.90
UPB AMT: 1,741,364.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 58
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030694947 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX XXXXX
01 CITY : GRANITE BAY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,817.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.41600
------------------------------------------------------------------
0 0030694962 MORTGAGORS: XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : XXXXXXXXX
STATE/ZIP : GA 30209
MORTGAGE AMOUNT : 230,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,740.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,688.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99700
------------------------------------------------------------------
0 0030695092 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX XXXX
01 CITY : CHADDSFORD
STATE/ZIP : PA 19317
MORTGAGE AMOUNT : 832,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 832,483.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,627.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 015
LTV : 55.53000
------------------------------------------------------------------
0 0030695126 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXX
01 CITY : ALEXANDER
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 245,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,517.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,717.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030695191 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XX XXXXX XXXXX
01 CITY : WILDWOOD
STATE/ZIP : MO 63038
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,705.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.41100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,810,700.00
P & I AMT: 13,757.09
UPB AMT: 1,809,264.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 59
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030695241 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXX
01 CITY : MALVERN
STATE/ZIP : PA 19355
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,771.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030695282 MORTGAGORS: XXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 X. XXXX XX
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 300,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,181.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
------------------------------------------------------------------
0 0030695357 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXX XXXXX
01 CITY : ATHENS
STATE/ZIP : GA 30606
MORTGAGE AMOUNT : 575,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 574,604.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,169.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 56.09700
------------------------------------------------------------------
0 0030695365 MORTGAGORS: XXXXXXXX XXXXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXXX XXXX
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 493,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 493,585.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,710.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99100
------------------------------------------------------------------
0 0030695399 MORTGAGORS: ENGLISH XXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 X. XX 000
01 CITY : FORNEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,752.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,037,750.00
P & I AMT: 14,824.86
UPB AMT: 2,036,563.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 60
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030695472 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : XXX 00 XXXXX XXXX XXXXX
00 XXXX : ACTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,765.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030695498 MORTGAGORS: XXXXXXX XXXX
XXXX-XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXXXXX XX.
01 CITY : TEMPE
STATE/ZIP : AZ 85284
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,709.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,584.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030695522 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 3071 ENTREPID WAKE
01 CITY : MARIETTA
STATE/ZIP : GA 30062
MORTGAGE AMOUNT : 248,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,423.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,846.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.98300
------------------------------------------------------------------
0 0030695571 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : UPPER MARLBORO
STATE/ZIP : MD 20772
MORTGAGE AMOUNT : 234,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,449.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99000
------------------------------------------------------------------
0 0030695605 MORTGAGORS: XXXXXX XXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXX
01 CITY : BERNARDS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,305,500.00
P & I AMT: 9,680.82
UPB AMT: 1,304,347.87
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 61
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030695670 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XX
01 CITY : BOXFORD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 263,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,570.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.99300
------------------------------------------------------------------
0 0030695704 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX
01 CITY : XXXXXXXX STATION
STATE/ZIP : TN 37179
MORTGAGE AMOUNT : 226,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,509.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.98300
------------------------------------------------------------------
0 0030695738 MORTGAGORS: XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 217,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,707.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
------------------------------------------------------------------
0 0030696009 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXXX
01 CITY : NOVI
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,762.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.36800
------------------------------------------------------------------
0 0030696066 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : CARLSBAD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 259,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,482.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,287,400.00
P & I AMT: 9,419.90
UPB AMT: 1,286,032.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 62
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030696298 MORTGAGORS: XXXX XXXX
XXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXX
01 CITY : REDWOOD CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,965.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 05/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.50000
------------------------------------------------------------------
0 0030696322 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : ROCKWALL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 222,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,684.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,558.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98400
------------------------------------------------------------------
0 0030696462 MORTGAGORS: XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXX XXXXX
01 CITY : NEWHALL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,499.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030696538 MORTGAGORS: MAJOR XXXX
REGION CODE ADDRESS : 0000 X XXXXXX XXXXXX
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 45.35500
------------------------------------------------------------------
0 0030696546 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX
01 CITY : CORTLANDT MANOR
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,722.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,148.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,444,650.00
P & I AMT: 10,509.33
UPB AMT: 1,441,871.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 63
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030696553 MORTGAGORS: LOVE XXX
XXXX W
REGION CODE ADDRESS : 21402 XXXXX XXXXX XXXXX
00 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,854.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,648.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99279
------------------------------------------------------------------
0 0030696652 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : GREENSBORO
STATE/ZIP : NC 27403
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,650.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 82.05900
------------------------------------------------------------------
0 0030696884 MORTGAGORS: XXXXXXXXXX XXXXXXX
XXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX
01 CITY : EAST HANOVER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,809.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 72.18300
------------------------------------------------------------------
0 0030696926 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX XXXXXX
01 CITY : BARRINGTON
STATE/ZIP : IL 60010
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,622.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.68421
------------------------------------------------------------------
0 0030697262 MORTGAGORS: XXXXXXX-XXXXX XXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXX
01 CITY : SCARSDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 424,700.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,044.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.91300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,488,000.00
P & I AMT: 10,931.58
UPB AMT: 1,486,637.79
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 64
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030697296 MORTGAGORS: XXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XX
01 CITY : GAMBRILLS
STATE/ZIP : MD 21054
MORTGAGE AMOUNT : 297,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,573.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.45000
------------------------------------------------------------------
0 0030697312 MORTGAGORS: XXX XXXXX
XXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : EL DORADO HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,814.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.74500
------------------------------------------------------------------
0 0030697338 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXX
01 CITY : SILVER SPRING
STATE/ZIP : MD 20902
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,830.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.87900
------------------------------------------------------------------
0 0030697379 MORTGAGORS: IRELAND XXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXX
01 CITY : LA CRESCENTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 245,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,654.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 70.22800
------------------------------------------------------------------
0 0030697411 MORTGAGORS: XXXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX XXXXX
01 CITY : BAINBRIDGE ISLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 468,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,469.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,358.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,400.00
P & I AMT: 11,283.25
UPB AMT: 1,547,341.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 65
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030697429 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXX XX
01 CITY : ALBUQUERQUE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,810.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030697445 MORTGAGORS: XXXXXXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXX
00 CITY : INDIAN XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 644,174.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,845.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030697551 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX XXXXX
01 CITY : SYLVANIA
STATE/ZIP : OH 43560
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 639,559.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,640.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030697643 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXX XXXX
01 CITY : LAUREL
STATE/ZIP : MD 20708
MORTGAGE AMOUNT : 233,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,750.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.98200
------------------------------------------------------------------
0 0030697684 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : SOLEBURY
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 319,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,201.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,427.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.99700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,114,300.00
P & I AMT: 15,672.20
UPB AMT: 2,112,496.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 66
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030697825 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXX
01 CITY : XXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,472.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,214.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030698021 MORTGAGORS: XXXXXXXXX XXXXXXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 0000 X. XXXXXXX XXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 251,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,927.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,820.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99400
------------------------------------------------------------------
0 0030698039 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0 XXXXX XXXXXXXXXXX XXXX
01 CITY : ALPINE
STATE/ZIP : UT 84004
MORTGAGE AMOUNT : 355,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,696.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,544.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030698153 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,479.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.55200
------------------------------------------------------------------
0 0030698187 MORTGAGORS: XXXXXXX XXXX XXX
REGION CODE ADDRESS : 000 XXXXX XXXXX
01 CITY : XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 70,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 70,503.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 537.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 70.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,295,000.00
P & I AMT: 9,596.38
UPB AMT: 1,293,600.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 67
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030698336 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX
01 CITY : SEA GIRT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 357,771.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,689.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.98900
------------------------------------------------------------------
0 0030698500 MORTGAGORS: BLACK XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXXX XXXXX
01 CITY : FAIR OAKS RANCH
STATE/ZIP : TX 78015
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,836.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.40579
------------------------------------------------------------------
0 0030698518 MORTGAGORS: XXXXXXX XXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 X. XXXXXXXXXXX XXX
01 CITY : SPRINGFIELD
STATE/ZIP : MO 65809
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.36500
------------------------------------------------------------------
0 0030698534 MORTGAGORS: XXXXXXXX XXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXXX XXXX
01 CITY : BARNESVILLE
STATE/ZIP : MD 20838
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030698575 MORTGAGORS: XXXXXX XXXXX
XXXXXXX DARSI
REGION CODE ADDRESS : 1100 GROVE
01 CITY : YPSILANTI TOWNSHIP
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,702.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.06 OUTSIDE CONV DATE :
LIFETIME RATE : 9.25000 MATURITY DATE : 08/01/26
CURRENT INT RATE: 9.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,336,000.00
P & I AMT: 10,009.57
UPB AMT: 1,333,962.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 68
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030698658 MORTGAGORS: XXXXXXXXXX XXXX
XXXXXXXXXX XXXXXX
REGION CODE ADDRESS : PEDERNALES CANYON TRAIL
01 CITY : SPICEWOOD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,584.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,441.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 62.50000
------------------------------------------------------------------
0 0030698716 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : CHULA VISTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 227,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,643.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,651.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.00000
------------------------------------------------------------------
0 0030698740 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXXX XXXX #00
01 CITY : MANHASSET
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 461,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 460,698.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,422.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.96500
------------------------------------------------------------------
0 0030698930 MORTGAGORS: XXXXXXXXXX XXX
XXXXXXXXXX XXXXX
REGION CODE ADDRESS : 4845 EAST PALO XXXX XXXX,
01 CITY : PHOENIZ
STATE/ZIP : AZ 85331
MORTGAGE AMOUNT : 235,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,349.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.93370
------------------------------------------------------------------
0 0030698989 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
01 CITY : CHAPEL HILL
STATE/ZIP : NC 27516
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,869.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 91.10100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,464,300.00
P & I AMT: 10,938.64
UPB AMT: 1,463,145.34
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 69
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030699086 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 1610 CROW FOOT CIRCLE SOUTH
01 CITY : XXXXXXX ESTATES
STATE/ZIP : IL 60194
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,837.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,711.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.92000
------------------------------------------------------------------
0 0030699276 MORTGAGORS: PAGE XXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,834.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,740.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030699284 MORTGAGORS: XXXX XXXXXXXXXXX
XXXX XXX
REGION CODE ADDRESS : 00X000 XXXXXX XXXXX XXXX
01 CITY : ELGIN
STATE/ZIP : IL 60123
MORTGAGE AMOUNT : 222,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,350.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 91.75200
------------------------------------------------------------------
0 0030699342 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXX XXXX
01 CITY : HOUSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.67200
------------------------------------------------------------------
0 0030699367 MORTGAGORS: BELT XXXXX
BELT JOANN
REGION CODE ADDRESS : 000 XXXXXXX XXXXX XXXXX
01 CITY : EL PASO
STATE/ZIP : TX 79912
MORTGAGE AMOUNT : 209,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 208,859.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,533.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,162,500.00
P & I AMT: 8,444.40
UPB AMT: 1,161,702.88
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 70
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030699433 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXX
01 CITY : UPPER MARLBORO
STATE/ZIP : MD 20772
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,705.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,490.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.66700
------------------------------------------------------------------
0 0030699482 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXX XXXXXX XXXX
01 CITY : ACWORTH
STATE/ZIP : GA 30101
MORTGAGE AMOUNT : 256,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,177.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,881.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99700
------------------------------------------------------------------
0 0030699516 MORTGAGORS: SAKELLARIDES NICO
XXXXXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : ATLANTA
STATE/ZIP : GA 30342
MORTGAGE AMOUNT : 219,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,291.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030699789 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXXX
01 CITY : MARIETTA
STATE/ZIP : GA 30064
MORTGAGE AMOUNT : 212,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,914.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98600
------------------------------------------------------------------
0 0030699904 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : LAUREL
STATE/ZIP : MD 20707
MORTGAGE AMOUNT : 224,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,456.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,687.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.98800
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,120,850.00
P & I AMT: 8,246.80
UPB AMT: 1,119,545.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 71
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030699920 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 27 XXXXXX
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,656.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.46100
------------------------------------------------------------------
0 0030699946 MORTGAGORS: XXXXXX XXXXX
XXXXX XXXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
00 CITY : XXXXXX PARK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,221.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,860.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99500
------------------------------------------------------------------
0 0030700025 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXXXX XXXX
01 CITY : XXXXXX XXXXX
STATE/ZIP : MD 21117
MORTGAGE AMOUNT : 270,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,469.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99700
------------------------------------------------------------------
0 0030700132 MORTGAGORS: XXXXX W.
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 228,172.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,002.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030700389 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXX XXXXXX
01 CITY : COLLEGEVILLE
STATE/ZIP : PA 19426
MORTGAGE AMOUNT : 250,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,164.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,750.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98555
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,254,222.00
P & I AMT: 9,083.19
UPB AMT: 1,252,514.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 72
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030700488 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 103 & 000 XXXX XXXXXX'X XXXXX
01 CITY : RUIDOSO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,488.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,005.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030700512 MORTGAGORS: COLLIGIN XXXXXXX
COLLIGIN XXXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXX XXX
01 CITY : HERNDON
STATE/ZIP : VA 20170
MORTGAGE AMOUNT : 308,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,476.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,184.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99875
------------------------------------------------------------------
0 0030700520 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX XXXX
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22305
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,795.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,077.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.31900
------------------------------------------------------------------
0 0030700637 MORTGAGORS: XXXXXXXXXXX XXXX
XXXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX
01 CITY : MAHWAH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.07300
------------------------------------------------------------------
0 0030700660 MORTGAGORS: O'XXXXXXX XXXXX
O'XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : XXX 00 XXXXXXXX XXX
00 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 257,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,227.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,888.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,506,100.00
P & I AMT: 10,947.39
UPB AMT: 1,504,810.82
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 73
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030700926 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : LOTTSBURG
STATE/ZIP : VA 22511
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,790.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 72.68100
------------------------------------------------------------------
0 0030701023 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 X. XXXXXX XX.
01 CITY : EVANSTON
STATE/ZIP : IL 60201
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,785.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.41800
------------------------------------------------------------------
0 0030701064 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXX XXXXXX XXXXX
01 CITY : RICHMOND HEIGHTS
STATE/ZIP : MO 63117
MORTGAGE AMOUNT : 472,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 471,895.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,549.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030701262 MORTGAGORS: MAC DONALD XXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000- 000XX XXXXXX XX
01 CITY : NEW CASTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,038.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030701296 MORTGAGORS: XXXXX XXX
XXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : WESTERVILLE
STATE/ZIP : OH 43082
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,571.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,669,750.00
P & I AMT: 12,108.00
UPB AMT: 1,668,080.68
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 74
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030701668 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 31007 MILITARY ROAD S
01 CITY : AUBURN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 231,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,602.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,741.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030701718 MORTGAGORS: XXXXXXXXXXXX XXXXXXXXXX
XXXXXXXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXXXXXX XXXXX
01 CITY : LEOMINSTER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 240,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 87.27400
------------------------------------------------------------------
0 0030701734 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 000XX XXXXX,
01 CITY : TORRANCE,
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 264,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,402.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,965.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030701742 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX-XXX XXXXXX IMA
REGION CODE ADDRESS : 0000 XX 000XX XXXXXX
01 CITY : SEATTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,845.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030701825 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXXX
01 CITY : SLIDELL
STATE/ZIP : LA 70458
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,547.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,176,700.00
P & I AMT: 8,661.94
UPB AMT: 1,176,050.49
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 75
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030701833 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 19506 XXXXX POND COURT
01 CITY : POOLESVILLE
STATE/ZIP : MD 20837
MORTGAGE AMOUNT : 261,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,215.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98500
------------------------------------------------------------------
0 0030701858 MORTGAGORS: XXXXXXX XXXXXX
XXXX XXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
00 CITY : KAILUA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,968.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030701866 MORTGAGORS: XXXXXXX XXXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : XXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 246,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,959.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,785.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.89000
------------------------------------------------------------------
0 0030701932 MORTGAGORS: XXXXXXXXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXX XXXXX
01 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,721.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 85.42800
------------------------------------------------------------------
0 0030701957 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 0 XXXXXXXXXX XXXX
01 CITY : MENDHAM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.20000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,351,900.00
P & I AMT: 9,747.50
UPB AMT: 1,350,865.87
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 76
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030702021 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXX
01 CITY : PENNGROVE,
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 278,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,708.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.96700
------------------------------------------------------------------
0 0030702047 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0 XXXXXXXX XXXXX
01 CITY : SUMMIT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 596,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 595,568.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,218.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030702054 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : X0000 XXXXXXX XXXXX
00 XXXX : FOND DU LAC
STATE/ZIP : WI 54935
MORTGAGE AMOUNT : 243,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,586.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030702161 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : CHULA VISTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 241,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,495.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030702237 MORTGAGORS: XXXX XXXXXXXX
XXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXX XXXXXX,
01 CITY : SAN XXXX,
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,227.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,954.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.76330
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,629,900.00
P & I AMT: 11,799.47
UPB AMT: 1,628,586.73
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 77
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030702245 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22310
MORTGAGE AMOUNT : 237,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,982.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,698.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.97300
------------------------------------------------------------------
0 0030702278 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXXXXX XXXXX
01 CITY : FRANKTOWN
STATE/ZIP : CO 80116
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,836.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.33300
------------------------------------------------------------------
0 0030702344 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : EAGAN
STATE/ZIP : MN 55123
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,841.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.31000
------------------------------------------------------------------
0 0030702492 MORTGAGORS: MC CARTHY XXXXXXX
XX XXXXXX GITA
REGION CODE ADDRESS : 00000 XXXXXX XXXX
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 222,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,588.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.98900
------------------------------------------------------------------
0 0030702567 MORTGAGORS: XXXXXXXX XXXXXX
REGION CODE ADDRESS : 6231 E. XXXXX XXXXXXX
01 CITY : PHOENIX
STATE/ZIP : AZ 85018
MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,880.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,676.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,153,100.00
P & I AMT: 8,281.70
UPB AMT: 1,152,130.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 78
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030702583 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX
01 CITY : WEST LAFAYETTE
STATE/ZIP : IN 47906
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,353.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.35000
------------------------------------------------------------------
0 0030702591 MORTGAGORS: XXXX XXXXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX
01 CITY : ATLANTA
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 257,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,127.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,887.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98600
------------------------------------------------------------------
0 0030702609 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XXXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85254
MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,632.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 86.99600
------------------------------------------------------------------
0 0030702641 MORTGAGORS: X'XXXXXX XXXX
X'XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXX XXXX
01 CITY : GULF SHORES
STATE/ZIP : AL 36542
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 64.19700
------------------------------------------------------------------
0 0030702765 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XX
01 CITY : WESTLAKE VILLAGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,541.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,656.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.31300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,638,800.00
P & I AMT: 11,823.85
UPB AMT: 1,637,654.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 79
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030702823 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX XXXXX
01 CITY : PLANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,460.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99800
------------------------------------------------------------------
0 0030702849 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
01 CITY : FULLERTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,665.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.69000
------------------------------------------------------------------
0 0030702880 MORTGAGORS: XXXXXXX XXXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 29560 XXXXX XXXX
00 CITY : VALLEY CENTER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,434.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.55700
------------------------------------------------------------------
0 0030702898 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : LAGUNA BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,848.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,540.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 43.00000
------------------------------------------------------------------
0 0030702906 MORTGAGORS: XXXXXXX XXXX
OKORIO XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,821.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,877.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.93800
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,245,650.00
P & I AMT: 9,061.26
UPB AMT: 1,244,230.43
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 80
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030702914 MORTGAGORS: XXXXXXXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00000 X.X. 00XX XXXXX
01 CITY : ISSAQUAH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 362,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,444.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,598.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030702948 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
01 CITY : ALBANY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,827.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,191.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 91.93500
------------------------------------------------------------------
0 0030702963 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : LIVERMORE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,416.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.85770
------------------------------------------------------------------
0 0030702997 MORTGAGORS: XXX HOU
XXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,853.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 86.79200
------------------------------------------------------------------
0 0030703128 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXX XXXXX
01 CITY : FRANKLIN
STATE/ZIP : TN 37069
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,833.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,754.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.64400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,384,700.00
P & I AMT: 10,170.90
UPB AMT: 1,383,374.67
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 81
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030703243 MORTGAGORS: XXX XXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,800.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.97800
------------------------------------------------------------------
0 0030703250 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 406,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,412.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,913.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 54.95900
------------------------------------------------------------------
0 0030703318 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXXX XX
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 255,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,360.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030703599 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX XXXXX
01 CITY : DULUTH
STATE/ZIP : GA 30136
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,672.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 83.38900
------------------------------------------------------------------
0 0030703698 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXX
01 CITY : GOSHEN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,333.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,445,750.00
P & I AMT: 10,402.95
UPB AMT: 1,444,580.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 82
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030703847 MORTGAGORS: XXXXXXX XXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : FRANKLIN
STATE/ZIP : TN 37064
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,997.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,764.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/25
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030703862 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 00XX XXXXXX
01 CITY : BROOKLYN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 487,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,907.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,748.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030703896 MORTGAGORS: XXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX XXXXX
01 CITY : ATLANTA
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,805.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,205.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.77900
------------------------------------------------------------------
0 0030704001 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX XXXXX, XXXX 000
00 CITY : HARTSDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 238,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,240.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030704050 MORTGAGORS: XXXXXXXXX MARGUANTE
REGION CODE ADDRESS : 00000 XXXXX XXXX XXX
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,256.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,825.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.91400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,800.00
P & I AMT: 11,293.02
UPB AMT: 1,486,206.80
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 83
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030704100 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXX
01 CITY : MISSION VIEJO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,847.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,795.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 58.29200
------------------------------------------------------------------
0 0030704126 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXX
01 CITY : HAINESPORT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,088.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.99800
------------------------------------------------------------------
0 0030704167 MORTGAGORS: XXXX XXXX
WANG JIAO
REGION CODE ADDRESS : 3 SORREL RUN
01 CITY : MOUNT LAUREL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,703.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030704175 MORTGAGORS: XXXX XXXXXXXX
REGION CODE ADDRESS : 8024 XXXXX
01 CITY : XXXXXXX
STATE/ZIP : MO 63105
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,698.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.10700
------------------------------------------------------------------
0 0030704258 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 X XXXXXXX XXXX
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 221,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,593.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.92400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,352,150.00
P & I AMT: 10,051.31
UPB AMT: 1,350,931.47
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 84
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030704274 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXXX XXXXX
01 CITY : LONG BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,333.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.02817
------------------------------------------------------------------
0 0030704308 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80907
MORTGAGE AMOUNT : 307,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,027.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,174.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98700
------------------------------------------------------------------
0 0030704548 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : LAKESIDE PARK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,436.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030704613 MORTGAGORS: DE XXXXX XXXX XXX
DE XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,553.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,093.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/17
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
------------------------------------------------------------------
0 0030704704 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXX
01 CITY : XXXXXX
STATE/ZIP : OH 44236
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,855.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,577.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 55.12800
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,256,350.00
P & I AMT: 9,319.54
UPB AMT: 1,255,207.07
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 85
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030704910 MORTGAGORS: XXXXXX XXXX
XXXXXX VIRGINIA
REGION CODE ADDRESS : 000 XXXXXXXXX XX
01 CITY : DOWNINGTOWN
STATE/ZIP : PA 19335
MORTGAGE AMOUNT : 226,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,631.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,585.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030704993 MORTGAGORS: XXXXXX XXX
REGION CODE ADDRESS : 20388 VIA SAN MARINO
01 CITY : CUPERTINO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,750.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,729.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030705016 MORTGAGORS: XXXXXXXXX XXXX
REGION CODE ADDRESS : 0 XXXXXXXX XXXXXX
01 CITY : DOVER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 62.50000
------------------------------------------------------------------
0 0030705107 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXX
01 CITY : HEATH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,099.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,815.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.47000
------------------------------------------------------------------
0 0030705131 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXX
01 CITY : MONTEREY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,598.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,358.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.50000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,682,800.00
P & I AMT: 12,346.23
UPB AMT: 1,681,080.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 86
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030705164 MORTGAGORS: CASANOVA XXXX
XXXXXXXX XXX
REGION CODE ADDRESS : 00 XXXXX XX
01 CITY : LAKE IN THE HILLS
STATE/ZIP : IL 60102
MORTGAGE AMOUNT : 217,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,126.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,463.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.88900
------------------------------------------------------------------
0 0030705297 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 2522 DE FOUR TRACE
01 CITY : SEABROOK
STATE/ZIP : TX 77586
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,806.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030705313 MORTGAGORS: RYNN HUGH
REGION CODE ADDRESS : 3 MILL POND ROAD
01 CITY : MILLSTONE TOWNSHIP
STATE/ZIP : NJ 08535
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,317.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030705644 MORTGAGORS: PARTINGTON CYRUS
PARTINGTON NANCY
REGION CODE ADDRESS : 30 TANGLEWOOD DRIVE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 393,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,206.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,854.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030705669 MORTGAGORS: HENRY GEORGE
HENRY RENA
REGION CODE ADDRESS : 3430 N. MOUNTAIN RIDGE #74
01 CITY : MESA
STATE/ZIP : AZ 85207
MORTGAGE AMOUNT : 242,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,131.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.98200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,443,000.00
P & I AMT: 10,550.67
UPB AMT: 1,441,588.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 87
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030705677 MORTGAGORS: MAIOLO FRANK
MAIOLO VIRGINIA
REGION CODE ADDRESS : 16870 HAPPY LANDING DRIVE
01 CITY : MONUMENT
STATE/ZIP : CO 80132
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,663.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030705685 MORTGAGORS: HAMILL ROBERT
SOTO JANICE
REGION CODE ADDRESS : 13690 E. RINGTAIL DRIVE
01 CITY : PRESCOTT VALLEY
STATE/ZIP : AZ 86314
MORTGAGE AMOUNT : 322,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,766.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030705958 MORTGAGORS: CAALAMAN MANUEL
CAALAMAN ELFLEDA
REGION CODE ADDRESS : 11238 GATEMOORE WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,724.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,794.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.41200
------------------------------------------------------------------
0 0030705990 MORTGAGORS: RANDELL LORIANNE
RANDELL THOMAS
REGION CODE ADDRESS : 20 LEXINGTON DRIVE
01 CITY : IRVINE
STATE/ZIP : CA 92620
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,837.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,060.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030706113 MORTGAGORS: TAYLOR JEFFREY
TOGNOTTI-TAYLOR DINA
REGION CODE ADDRESS : 34961 SILVERLOCK COURT
01 CITY : FREMONT
STATE/ZIP : CA 94555
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,609.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.78000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,513,000.00
P & I AMT: 11,126.68
UPB AMT: 1,511,602.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 88
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030706139 MORTGAGORS: SAMBRAILO JOHN
SAMBRAILO DEBBIE
REGION CODE ADDRESS : 1245 LAGUNA AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,645.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030706170 MORTGAGORS: PRITCHARD JR. DONALD
PRITCHARD GEORGINE
REGION CODE ADDRESS : 3154 ARAPAHO STREET
01 CITY : NORCO
STATE/ZIP : CA 91760
MORTGAGE AMOUNT : 256,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,418.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99870
------------------------------------------------------------------
0 0030706188 MORTGAGORS: PRICE CRAIG
PRICE KATHERINE
REGION CODE ADDRESS : 937 JASMINE STREET
01 CITY : CELEBRATION
STATE/ZIP : FL 34747
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,847.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.48700
------------------------------------------------------------------
0 0030706238 MORTGAGORS: JOHNSON MYRON
JOHNSON LYNN
REGION CODE ADDRESS : 194 THIRD ST
01 CITY : EXCELSIOR
STATE/ZIP : MN 55331
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030706345 MORTGAGORS: BARNETTE CHRIS
BARNETTE DOROTHY
REGION CODE ADDRESS : 1512 POINTER COURT
01 CITY : BATON ROUGE
STATE/ZIP : LA 70808
MORTGAGE AMOUNT : 280,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,002.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.82900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,396,800.00
P & I AMT: 10,205.76
UPB AMT: 1,394,914.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 89
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030706360 MORTGAGORS: FLAKES MERLE
FLAKES LILLIAN
REGION CODE ADDRESS : 4004 READING DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 249,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,673.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030706378 MORTGAGORS: JOHNSON ABIODUN
REGION CODE ADDRESS : 7811 COVINGTON PARKWAY
01 CITY : AMARILLO
STATE/ZIP : TX 79121
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,851.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030706576 MORTGAGORS: ASHE WINFORD
REGION CODE ADDRESS : 7310 FISHOOK LANE NORTHWEST
01 CITY : SILVERDALE
STATE/ZIP : WA 98383
MORTGAGE AMOUNT : 223,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,707.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,655.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.09200
------------------------------------------------------------------
0 0030706600 MORTGAGORS: TALBOT BRIAN
TALBOT LORRIE
REGION CODE ADDRESS : 6728 NEWINGTON ROAD
01 CITY : LORTON
STATE/ZIP : VA 22079
MORTGAGE AMOUNT : 260,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,486.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,890.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99000
------------------------------------------------------------------
0 0030706626 MORTGAGORS: HAVENS PETER
HAVENS DAWN
REGION CODE ADDRESS : 293 STANTON MT ROAD
01 CITY : CLINTON TWSP
STATE/ZIP : NJ 08833
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,853.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.87500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,179,600.00
P & I AMT: 8,630.42
UPB AMT: 1,178,572.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 90
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030706634 MORTGAGORS: ZIEGENHORN WILLIAM
ZIEGENHORN ANGELA
REGION CODE ADDRESS : 2238 CARMELITA DRIVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.17400
------------------------------------------------------------------
0 0030706683 MORTGAGORS: IQBAL MUHAMMAD
SARWANI SITARA
REGION CODE ADDRESS : 11 DELLVIEW DRIVE
01 CITY : EDISON
STATE/ZIP : NJ 08817
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,476.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98200
------------------------------------------------------------------
0 0030706717 MORTGAGORS: UNSINN TIMOTHY
UNSINN ANN
REGION CODE ADDRESS : 11 HOLLY LANE
01 CITY : FAIR HAVEN
STATE/ZIP : NJ 07704
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030706733 MORTGAGORS: FORD GREGORY
FORD JEANNETTE
REGION CODE ADDRESS : 4802 WINGATE DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 330,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,416.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,368.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
------------------------------------------------------------------
0 0030707004 MORTGAGORS: BROMBERG LEV
BROMBERG ALLIA
REGION CODE ADDRESS : 2150 ARGYLE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,787.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,647,650.00
P & I AMT: 11,989.49
UPB AMT: 1,646,328.13
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 91
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030707012 MORTGAGORS: YU CHENG
YU LI-DIH
REGION CODE ADDRESS : 16709 BRAHMS PLACE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 331,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,072.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,402.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98400
------------------------------------------------------------------
0 0030707046 MORTGAGORS: GERVATO JAMES
GERVATO BRENDA
REGION CODE ADDRESS : 5918 SOUNDS AVENUE SOUTH UNIT
01 CITY : SEA ILSE CITY
STATE/ZIP : NJ 08243
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,804.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030707111 MORTGAGORS: MUNAFO JOSEPH
MUNAFO DIANE
REGION CODE ADDRESS : LOT 52 CROOKED TREE
01 CITY : MASON
STATE/ZIP : OH 45040
MORTGAGE AMOUNT : 235,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,637.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.49600
------------------------------------------------------------------
0 0030707137 MORTGAGORS: FARZAD FARHAT
REGION CODE ADDRESS : 4 TROUVILLE
01 CITY : NEWPORT COAST
STATE/ZIP : CA 92657
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,759.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,732.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.63200
------------------------------------------------------------------
0 0030707236 MORTGAGORS: PIRAINO LAWRENCE
PIRAINO GERALDINE
REGION CODE ADDRESS : 5614 DELCERRO BOULEVARD
01 CITY : SAN DIEGO
STATE/ZIP : CA 92021
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,856.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.42800
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,452,100.00
P & I AMT: 10,677.20
UPB AMT: 1,451,129.62
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 92
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030707269 MORTGAGORS: AUSTIN JOSEPH
AUSTIN DENISE
REGION CODE ADDRESS : 7615 RAINBOW DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,836.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.41100
------------------------------------------------------------------
0 0030707327 MORTGAGORS: AAMODT ROGER
DWYER DIANE
REGION CODE ADDRESS : 17 MONTGOMERY AVENUE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20877
MORTGAGE AMOUNT : 234,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,484.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030707343 MORTGAGORS: KRESS MARY
REDDING MARY
REGION CODE ADDRESS : 23203 FRIAR STREET
01 CITY : WOODLAND HILLS
STATE/ZIP : CA 91367
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,610.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,283.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.88500
------------------------------------------------------------------
0 0030707384 MORTGAGORS: KAPSNER MICHAEL
KAPSNER NANCY
REGION CODE ADDRESS : 200 BRINAM WOOD COURT
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,638.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,806.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.63600
------------------------------------------------------------------
0 0030707434 MORTGAGORS: SNOW JOSEPH
SNOW JAMIE
REGION CODE ADDRESS : EAST HIGHLAND ROAD
01 CITY : RED OAK
STATE/ZIP : TX 75154
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,732.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,721,650.00
P & I AMT: 12,660.86
UPB AMT: 1,720,303.47
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 93
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030707525 MORTGAGORS: ROTH JEFFREY
ROTH RACHELLE
REGION CODE ADDRESS : 7625 WHEATCROFT COURT
01 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,843.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 36.40600
------------------------------------------------------------------
0 0030707640 MORTGAGORS: METCALF DAVID
REGION CODE ADDRESS : 408 MARINE BOULEVARD
01 CITY : AMAGANSETT
STATE/ZIP : NY 11930
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,806.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030707673 MORTGAGORS: SULLIVAN JOHN
SULLIVAN PENELOPE
REGION CODE ADDRESS : 993 WESTMOOR ROAD
01 CITY : WINNETKA
STATE/ZIP : IL 60093
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,987.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.28100
------------------------------------------------------------------
0 0030707749 MORTGAGORS: DAVIS WILBERT
DAVIS YOLANDA
REGION CODE ADDRESS : 2323 TERMINAL LOOP
01 CITY : LAKE MCQUEENEY
STATE/ZIP : TX 78123
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,959.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,721.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030707780 MORTGAGORS: ENRIQUE RENATO
ENRIQUE CARLITA
REGION CODE ADDRESS : 1082 WEST BADILLO AVENUE
01 CITY : COVINA
STATE/ZIP : CA 91722
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,860.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,536,300.00
P & I AMT: 11,242.52
UPB AMT: 1,535,470.25
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 94
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030707798 MORTGAGORS: CARTWRIGHT DUANE
FURROW TAM
REGION CODE ADDRESS : 18498 S. E. MIARLY LANE
01 CITY : CLACKAMAS
STATE/ZIP : OR 97015
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,703.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030707814 MORTGAGORS: EPPINGER MARK
EPPINGER COLLETTE
REGION CODE ADDRESS : 130 VISTA ROYALE
01 CITY : PALM DESSERT
STATE/ZIP : CA 92260
MORTGAGE AMOUNT : 289,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,610.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030707848 MORTGAGORS: MORGAN JOE
MORGAN BARBARA
REGION CODE ADDRESS : 2 SOUTH BRIAR HOLLOW LANE
01 CITY : HOUSTON
STATE/ZIP : TX 77027
MORTGAGE AMOUNT : 318,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,370.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,339.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.70000
------------------------------------------------------------------
0 0030707871 MORTGAGORS: PRUSSING CARL
PRUSSING KAREN
REGION CODE ADDRESS : 280 SANDY POND ROAD
01 CITY : CONCORD
STATE/ZIP : MA 01773
MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,786.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,420.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.94200
------------------------------------------------------------------
0 0030707921 MORTGAGORS: HENSLEY BRETT
HENSLEY PAMELA
REGION CODE ADDRESS : 11619 TREE HALLOW LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92128
MORTGAGE AMOUNT : 253,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,475.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,250.00
P & I AMT: 10,364.98
UPB AMT: 1,406,947.13
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 95
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030707962 MORTGAGORS: DI MEGLIO EDWARD
DI MEGLIO LISA
REGION CODE ADDRESS : 2510 S W 105 TERRACE
01 CITY : DAVIE
STATE/ZIP : FL 33324
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,744.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,005.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.61400
------------------------------------------------------------------
0 0030708002 MORTGAGORS: BOWLES CHARLES
REGION CODE ADDRESS : 380 E LIONS HEAD CIRCLE
01 CITY : VAIL
STATE/ZIP : CO 81657
MORTGAGE AMOUNT : 345,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,122.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,505.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030708036 MORTGAGORS: LOPEZ KENNETH
LOPEZ MILDRED
REGION CODE ADDRESS : 340 WEBSTER DRIVE
01 CITY : NEW MILFORD
STATE/ZIP : NJ 07646
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,840.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 92.94100
------------------------------------------------------------------
0 0030708069 MORTGAGORS: ROSENBAUM SVETLANA
ROSENBAUM GERALD
REGION CODE ADDRESS : 12 CANOE BROOK ROAD
01 CITY : MILLBURN
STATE/ZIP : NJ 07078
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,803.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030708259 MORTGAGORS: SOTO NORBERTO
SOTO MARIA
REGION CODE ADDRESS : 45274 CALLECITO BERGOS
01 CITY : TEMECULA
STATE/ZIP : CA 92592
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,514.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 88.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,400.00
P & I AMT: 11,216.48
UPB AMT: 1,510,026.99
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 96
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030708267 MORTGAGORS: EGUINA PAUL
EGUINA KATHLEEN
REGION CODE ADDRESS : 3520 LAKE TERRACE DRIVE
01 CITY : ELK GROVE
STATE/ZIP : CA 92758
MORTGAGE AMOUNT : 224,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,863.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.98800
------------------------------------------------------------------
0 0030708291 MORTGAGORS: MOHR EDWARD
REGION CODE ADDRESS : 1887 MOTT COURT
01 CITY : CAMARILLO
STATE/ZIP : CA 93012
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.62600
------------------------------------------------------------------
0 0030708309 MORTGAGORS: DILLON VERNON
DILLON DONNA
REGION CODE ADDRESS : 15420 COMUS ROAD
01 CITY : BOYDS
STATE/ZIP : MD 20841
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,065.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030708333 MORTGAGORS: GITHENS JOHN
GITHENS ANNA
REGION CODE ADDRESS : 603 ELM STREET
01 CITY : WESTFIELD
STATE/ZIP : NJ 07090
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 208,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,490.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 44.73100
------------------------------------------------------------------
0 0030708341 MORTGAGORS: VAN VALKENBURGH DEBORAH
VAN VALKENBURGH JAMES
REGION CODE ADDRESS : 8 LANTERN CIRCLE
01 CITY : PARKTON
STATE/ZIP : MD 21120
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,702.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,222.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,400.00
P & I AMT: 10,850.29
UPB AMT: 1,506,278.29
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 97
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030708358 MORTGAGORS: PAULSON KURTZ
YEE AMY
REGION CODE ADDRESS : 74 STEARNS ROAD
01 CITY : BROOKSLINE
STATE/ZIP : MA 02146
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,814.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,186.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.67000
------------------------------------------------------------------
0 0030708416 MORTGAGORS: NEWMAN SAUL
NEWMAN BUNIA
REGION CODE ADDRESS : 400 NORTH HIGHLAND AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90036
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,724.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,689.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.16660
------------------------------------------------------------------
0 0030708440 MORTGAGORS: MOYER RONALD
MOYER GLORIA
REGION CODE ADDRESS : 501 BARRISTER
01 CITY : WYCKOFF
STATE/ZIP : NY 07481
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,845.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030708457 MORTGAGORS: D'ERASMO ANTHONY
D'ERASMO JOAN
REGION CODE ADDRESS : 37 FOURTH AVENUE
01 CITY : PELHAM
STATE/ZIP : NY 10803
MORTGAGE AMOUNT : 397,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,290.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,988.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030708465 MORTGAGORS: RODRIQUEZ WALTER
RODRIGUEZ MELBA
REGION CODE ADDRESS : 3537 HERON COVE COURT
01 CITY : BONITA SPRINGS
STATE/ZIP : FL 34134
MORTGAGE AMOUNT : 212,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,983.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,484.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,506,100.00
P & I AMT: 10,980.20
UPB AMT: 1,504,659.37
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 98
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030708473 MORTGAGORS: STOLOW DAVID
STOLOW MELISSA
REGION CODE ADDRESS : 12917 CREAMERY HILL DRIVE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,819.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.49100
------------------------------------------------------------------
0 0030708515 MORTGAGORS: REVELS CHARLES
REVELS DIANA
REGION CODE ADDRESS : 343 JESSICA DRIVE
01 CITY : MIDDLETOWN
STATE/ZIP : DE 19709
MORTGAGE AMOUNT : 226,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,850.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,586.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98400
------------------------------------------------------------------
0 0030708523 MORTGAGORS: ZOGHBI ANTONIO
ZOGHBI GLORIA
REGION CODE ADDRESS : 9201 SW 94TH STREET
01 CITY : MIAMI
STATE/ZIP : FL 33176
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.10500
------------------------------------------------------------------
0 0030708531 MORTGAGORS: MAGALSKI RANDALL
MAGALSKI CAROL
REGION CODE ADDRESS : 25948 WEST BRYANT PLACE
01 CITY : STEVENESON RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,617.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,789.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030708549 MORTGAGORS: DELGADILLO MICHAEL
JONES TERRIE
REGION CODE ADDRESS : 25904 WEST FRANKLIN LANE
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 314,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,028.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,293,900.00
P & I AMT: 9,208.97
UPB AMT: 1,293,142.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 99
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030708580 MORTGAGORS: SUTTON GREGORY
REGION CODE ADDRESS : 4953 HIGHLANDS OAK RUN
01 CITY : MABLETON
STATE/ZIP : GA 30059
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,891.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,105.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030708614 MORTGAGORS: TYSON KAREN
TYSON PHILIP
REGION CODE ADDRESS : 43757 WOODWORTH COURT
01 CITY : ASHBURN
STATE/ZIP : VA 22011
MORTGAGE AMOUNT : 251,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,513.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,759.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.86400
------------------------------------------------------------------
0 0030708622 MORTGAGORS: SHERMAN BRIAN
REGION CODE ADDRESS : 4301 UNIVERSITY DRIVE
01 CITY : CORAL GABLES
STATE/ZIP : FL 33146
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,755.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,670.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
------------------------------------------------------------------
0 0030708648 MORTGAGORS: BRELAND BENTLEY
BRELAND JACQUELINE
REGION CODE ADDRESS : 2351 DAHLIA STREET
01 CITY : DENVER
STATE/ZIP : CO 80207
MORTGAGE AMOUNT : 229,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,741.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030708689 MORTGAGORS: O'HEA MARTIN
O'HEA GAIL
REGION CODE ADDRESS : 4001 MARCUS AVENUE
01 CITY : NEWPORT BEACH
STATE/ZIP : CA 92663
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,823.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,381,850.00
P & I AMT: 10,059.37
UPB AMT: 1,380,725.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 100
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030708713 MORTGAGORS: SCHNITZLER JOSEPH
SCHNITZLER BEATRICE
REGION CODE ADDRESS : 4279 HENSLEY CIRCLE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 270,320.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,965.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,007.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030709018 MORTGAGORS: CART JOHN
REGION CODE ADDRESS : 1308 WILD OAK TERRACE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 277,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,643.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,110.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99400
------------------------------------------------------------------
0 0030709125 MORTGAGORS: MORELAND JOHN
REGION CODE ADDRESS : 10009 PENFOLD COURT
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.75700
------------------------------------------------------------------
0 0030709158 MORTGAGORS: ARANBAEV MASHIYAKH
ARANBAEV MARGARITA
REGION CODE ADDRESS : 141-19 HOOVER AVENUE
01 CITY : BRIARWOOD
STATE/ZIP : NY 11435
MORTGAGE AMOUNT : 233,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 85.00000
------------------------------------------------------------------
0 0030709216 MORTGAGORS: HARPER STEPHEN
HARPER SHERRY
REGION CODE ADDRESS : 110 TANNER BLUFF
01 CITY : ATHENS
STATE/ZIP : GA 30606
MORTGAGE AMOUNT : 283,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,009.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,078.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,364,970.00
P & I AMT: 10,106.67
UPB AMT: 1,363,162.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 101
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030709265 MORTGAGORS: ROMAN WILLIAM
REGION CODE ADDRESS : 1114 MANOR DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,839.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030709471 MORTGAGORS: FARRINGTON JAMES
FARRINGTON PATRICIA
REGION CODE ADDRESS : 2901 OAK TRAIL COURT
01 CITY : DALWORTHINGTON GARDENS
STATE/ZIP : TX 76016
MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,162.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,708.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030709497 MORTGAGORS: PICKENS JAMES
PICKENS EILEEN
REGION CODE ADDRESS : 380 KERRWOOD DRIVE
01 CITY : UPPER MERION TOWNSHIP
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,457.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,897.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030709661 MORTGAGORS: CHOY BERNARD
CHOY NANCY
REGION CODE ADDRESS : 811 AHWAHNEE DRIVE
01 CITY : MILLBRAE
STATE/ZIP : CA 94030
MORTGAGE AMOUNT : 333,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,025.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.47058
------------------------------------------------------------------
0 0030709711 MORTGAGORS: SWARTZ DONALD
SWARTZ MARY
REGION CODE ADDRESS : 6516 E BRILLIANT SKY DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85262
MORTGAGE AMOUNT : 269,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,923.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,331,100.00
P & I AMT: 9,878.17
UPB AMT: 1,329,408.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 102
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030709729 MORTGAGORS: ROACH TERRY
ROACH CYNTHIA
REGION CODE ADDRESS : 15550 FARRAR DRIVE
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80908
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.65300
------------------------------------------------------------------
0 0030709737 MORTGAGORS: HOWARD GARY
HOWARD CARLA
REGION CODE ADDRESS : 1967 EAST CLUBHOUSE DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,788.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,225.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.12300
------------------------------------------------------------------
0 0030709745 MORTGAGORS: ANDERSON GARY
ANDERSON MELINDA
REGION CODE ADDRESS : 191 N. PECAN COURT
01 CITY : GILBERT
STATE/ZIP : AZ 85234
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,829.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.33300
------------------------------------------------------------------
0 0030709794 MORTGAGORS: SCHAFER JAMES
WILLIAMS CARMEN
REGION CODE ADDRESS : 748 SOUTH WILLIAMS STREET
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,305.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,208.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.28200
------------------------------------------------------------------
0 0030709810 MORTGAGORS: OLIVETO MARK
OLIVETO CYNTHIA
REGION CODE ADDRESS : LOT 280 FARWOOD RD
01 CITY : WINDHAM
STATE/ZIP : NH 03087
MORTGAGE AMOUNT : 290,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,514.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,183.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,457,200.00
P & I AMT: 10,617.50
UPB AMT: 1,456,206.33
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 103
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030709828 MORTGAGORS: RYONO RUSSELL
RYONO JEANNE
REGION CODE ADDRESS : 873 PECAN COURT,
01 CITY : SUNNYVALE,
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 352,548.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,651.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.44440
------------------------------------------------------------------
0 0030709836 MORTGAGORS: HAWORTH DAVID
HONEY SHIRLEY
REGION CODE ADDRESS : 6002 OHIO STREET,
01 CITY : YORBA LINDA,
STATE/ZIP : CA 92686
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,414.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,088.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 61.17640
------------------------------------------------------------------
0 0030709844 MORTGAGORS: WEBER CHARLES
WEBER KATHERINE
REGION CODE ADDRESS : 1818 CAMELOT DRIVE
01 CITY : MADISON
STATE/ZIP : WI 53705
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,771.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.16000
------------------------------------------------------------------
0 0030709851 MORTGAGORS: GIBSON TIMOTHY
REGION CODE ADDRESS : 511 22ND STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 345,996.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,452.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030709968 MORTGAGORS: ENGLE WILLIAM
ENGLE NANCI
REGION CODE ADDRESS : 812 HAVENHURST POINT
01 CITY : LA JOLLA
STATE/ZIP : CA 92037
MORTGAGE AMOUNT : 594,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 593,570.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,204.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.88200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,049,500.00
P & I AMT: 14,892.38
UPB AMT: 2,047,301.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 104
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030709976 MORTGAGORS: NORTON JOHN
NORTON CONCETTA
REGION CODE ADDRESS : 915 DOUGLAS ROAD
01 CITY : MENDOTA HEIGHTS
STATE/ZIP : MN 55118
MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,749.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,543.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.95800
------------------------------------------------------------------
0 0030710040 MORTGAGORS: PROSUK ALBERT
PROSUK MARYANN
REGION CODE ADDRESS : 10 LENAPE TRAIL
01 CITY : CEDAR GROVE
STATE/ZIP : NJ 07009
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 59.21000
------------------------------------------------------------------
0 0030710057 MORTGAGORS: NICHOLSON R
REGION CODE ADDRESS : 1072 ELSBREE LANE
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,846.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030710065 MORTGAGORS: WELLS PATRICK
WELLS KATHLEEN
REGION CODE ADDRESS : 8 SANTA CATALINA AISLE
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 231,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,790.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98000
------------------------------------------------------------------
0 0030710081 MORTGAGORS: JENSEN DAVID
JENSEN LILIA
REGION CODE ADDRESS : 1813 MORGAN LANE #B
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,838.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,298,950.00
P & I AMT: 9,493.48
UPB AMT: 1,298,225.21
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 105
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030710099 MORTGAGORS: FEESE KEVIN
REGION CODE ADDRESS : 8453 BROKEN ARROW COURT
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,840.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,739.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 86.18181
------------------------------------------------------------------
0 0030710131 MORTGAGORS: RUNCIE ROBERT
RUNCIE DIANE
REGION CODE ADDRESS : 6919 SOUTH CONSTANCE
01 CITY : CHICAGO
STATE/ZIP : IL 60649
MORTGAGE AMOUNT : 232,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,355.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,767.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030710156 MORTGAGORS: KASHMOLAH GHAZI
AYACH JANET
REGION CODE ADDRESS : 3690 LUPINE LANE
01 CITY : SAN DIEGO
STATE/ZIP : CA 92028
MORTGAGE AMOUNT : 313,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,118.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,410.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030710164 MORTGAGORS: DETROW JEFFREY
REGION CODE ADDRESS : 42599 GOLD RUSH DRIVE
01 CITY : BIG BEAR LAKE
STATE/ZIP : CA 92315
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,675.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030710339 MORTGAGORS: VAN BAO
VAN YVONNE
REGION CODE ADDRESS : 3289 MONTE VERDE LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.59400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,293,000.00
P & I AMT: 9,683.95
UPB AMT: 1,291,814.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 106
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030710545 MORTGAGORS: GALLAGHER WILLIAM
GALLAGHER SHIRLEY
REGION CODE ADDRESS : 8056 SAWWOOD COURT
01 CITY : REDDING
STATE/ZIP : CA 96001
MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,283.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030710578 MORTGAGORS: MULLIGAN MICHAEL
MULLIGAN JULIE
REGION CODE ADDRESS : 224 9TH STREET
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,682.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030710834 MORTGAGORS: GIBERSON KENNETH
GIBERSON PAULA
REGION CODE ADDRESS : 6031 LADY SLIPPER LANE
01 CITY : MANASSAS
STATE/ZIP : VA 20111
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,551.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 58.03500
------------------------------------------------------------------
0 0030710883 MORTGAGORS: COZINE THOMAS
COZINE ALYCE
REGION CODE ADDRESS : 346 VALLEJO STREET
01 CITY : EL GRANADA
STATE/ZIP : CA 94018
MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,772.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,314.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
------------------------------------------------------------------
0 0030710891 MORTGAGORS: BRUNBAUER ANTON
WALDBURGER MARY LOU
REGION CODE ADDRESS : 13622 E. CHARTER OAK DR.
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 244,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,029.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,814.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.14600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,462,850.00
P & I AMT: 10,714.34
UPB AMT: 1,461,318.65
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 107
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030710941 MORTGAGORS: CONDE THOMAS
CONDE LISA
REGION CODE ADDRESS : 632 HUDSON STREET
01 CITY : HOBOKEN
STATE/ZIP : NJ 07030
MORTGAGE AMOUNT : 514,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,817.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 74.99600
------------------------------------------------------------------
0 0030711022 MORTGAGORS: JONES DON
REGION CODE ADDRESS : 9044 OPUS DRIVE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,770.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030711048 MORTGAGORS: BOEMHER CHARLES
BOEHMER JUDITH
REGION CODE ADDRESS : 8409 E. JUAN TABO ROAD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,743.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,607.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030711105 MORTGAGORS: DIETRICH CHRISTIAN
DIETRICH SANDRA
REGION CODE ADDRESS : 5716 MORNINGSIDE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,457.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,185.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.79800
------------------------------------------------------------------
0 0030711279 MORTGAGORS: NILSON THOMAS
NILSON STEPHANIE
REGION CODE ADDRESS : 7147 TIMBERS DRIVE
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.49100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,153,100.00
P & I AMT: 15,798.55
UPB AMT: 2,151,717.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 108
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030711295 MORTGAGORS: TRAN DON
LUU MINDY
REGION CODE ADDRESS : 2675 BROOK HOLLOW DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95133
MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,818.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,988.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.95200
------------------------------------------------------------------
0 0030711303 MORTGAGORS: SAUNDERS TIMOTHY
REGION CODE ADDRESS : 1033 FLAMINGO ROAD
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,518.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030711360 MORTGAGORS: GALASSI ARMEN
GALASSI YVONNE
REGION CODE ADDRESS : 2405 TERREBONNE AVENUE
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,843.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,781.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030711402 MORTGAGORS: KLINT REBECCA
REGION CODE ADDRESS : 5743 COMMERCE DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94538
MORTGAGE AMOUNT : 257,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,672.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030711436 MORTGAGORS: DUKES CLAYTON
BARKEMA TANYA
REGION CODE ADDRESS : 1411 HUNTER MILL RD
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,820.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,344,850.00
P & I AMT: 9,705.90
UPB AMT: 1,343,672.63
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 109
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030711477 MORTGAGORS: FRANZ DOUGLAS
FRANZ VICKI
REGION CODE ADDRESS : 1240 PAPER MILL ROAD
01 CITY : COCKEYSVILLE
STATE/ZIP : MD 21030
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,018.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.67200
------------------------------------------------------------------
0 0030711493 MORTGAGORS: KIM CHRISTOPHER
KIM HUI
REGION CODE ADDRESS : 228 FOLLEN ROAD
01 CITY : LEXINGTON
STATE/ZIP : MA 02173
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,808.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.94200
------------------------------------------------------------------
0 0030711501 MORTGAGORS: WITKIN PAULA
WITKIN MARK
REGION CODE ADDRESS : 36 BERESFORD ROAD
01 CITY : CHESTNUT HILL
STATE/ZIP : MA 02167
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 550,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,987.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.75000
------------------------------------------------------------------
0 0030711519 MORTGAGORS: RABBEE FAZLE
RABBEE SHAMIMA
REGION CODE ADDRESS : 4620 CAMBRYAR STREET
01 CITY : FAIRFAX
STATE/ZIP : VA 22030
MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99000
------------------------------------------------------------------
0 0030711758 MORTGAGORS: THOMAS DAVID
THOMAS CAROL
REGION CODE ADDRESS : 3232 95TH PLACE NE
01 CITY : BELLEVUE
STATE/ZIP : WA 98004
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,726.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 05/01/24
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,618,450.00
P & I AMT: 11,682.02
UPB AMT: 1,607,303.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 110
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030711766 MORTGAGORS: LOGGAN WILFRED
LOGGAN JULIETTE
REGION CODE ADDRESS : 108 NORTH UNION STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,962.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 05/01/24
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.62069
------------------------------------------------------------------
0 0030711899 MORTGAGORS: LJUNGDAHL REAGAN
LJUNGDAHL KAREN
REGION CODE ADDRESS : 4021 ST. PETERSBURG STREET
01 CITY : BOULDER
STATE/ZIP : CO 80301
MORTGAGE AMOUNT : 231,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,740.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,681.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
------------------------------------------------------------------
0 0030711980 MORTGAGORS: PODESTA WILLIAM
PODESTA CLAIRE
REGION CODE ADDRESS : 16821 ESTRELLA DRIVE
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,946.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.33300
------------------------------------------------------------------
0 0030712020 MORTGAGORS: ELBAZ JEAN-JACOUES
ELBAZ BETTY
REGION CODE ADDRESS : 507 NORTH SIERRA DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 790,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 789,469.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,796.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 015
LTV : 65.83300
------------------------------------------------------------------
0 0030712095 MORTGAGORS: GOLDBERG GARY
GOLDBERG LINDA
REGION CODE ADDRESS : 957 DESOTO LANE
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,816.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,249.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,820,900.00
P & I AMT: 13,288.19
UPB AMT: 1,813,988.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 111
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030712129 MORTGAGORS: TREADWELL DENNIS
TREADWELL THERESA
REGION CODE ADDRESS : 1950 LILIANO DRIVE
01 CITY : SIERRA MADRE
STATE/ZIP : CA 91024
MORTGAGE AMOUNT : 276,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,119.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,051.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030712152 MORTGAGORS: BORDA OSCAR
BORDA GLAYDS
REGION CODE ADDRESS : 42951 FARMINGDALE DRIVE
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 264,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,739.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.97900
------------------------------------------------------------------
0 0030712194 MORTGAGORS: MULLENIX STEPHEN
REGION CODE ADDRESS : 8125 BREEZE WAY
01 CITY : JONESTOWN
STATE/ZIP : TX 78645
MORTGAGE AMOUNT : 213,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,599.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,531.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030712202 MORTGAGORS: PALMER ROBERT
PALMER BARBARA
REGION CODE ADDRESS : 17800 CORMORANT LANE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,648.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030712293 MORTGAGORS: RAHMAN MOHAMMED
RAHMAN MOHAMMED
REGION CODE ADDRESS : 37-33 59TH ST
01 CITY : WOODSIDE
STATE/ZIP : NY 11477
MORTGAGE AMOUNT : 416,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 416,466.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,315.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,650.00
P & I AMT: 10,711.87
UPB AMT: 1,418,573.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 112
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030712418 MORTGAGORS: SCOTT THOMAS
SCOTT BETSY
REGION CODE ADDRESS : PRIV. R/W OFF VSR 781
01 CITY : LOTTSBURG
STATE/ZIP : VA 22551
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,720.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 55.42100
------------------------------------------------------------------
0 0030712442 MORTGAGORS: KREAMER ANTHONY
KREAMER LORI
REGION CODE ADDRESS : 24 TURNSTONE WAY
01 CITY : DOWNINGTOWN
STATE/ZIP : PA 19452
MORTGAGE AMOUNT : 311,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,230.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99900
------------------------------------------------------------------
0 0030712483 MORTGAGORS: HARRIS ERIC
HARRIS JANET
REGION CODE ADDRESS : 197 VALLY RUN PLACE
01 CITY : POWELL
STATE/ZIP : OH 43065
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,800.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 82.67900
------------------------------------------------------------------
0 0030712533 MORTGAGORS: DOBBE JOHN
DOBBE KATHARINE
REGION CODE ADDRESS : 58 SIENA
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,750.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,151.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030712558 MORTGAGORS: LAM DUTOAN
LAM HILLARY
REGION CODE ADDRESS : 3281 MONTE VERDE LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,318.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.60400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,378,900.00
P & I AMT: 10,154.15
UPB AMT: 1,377,819.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 113
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030712582 MORTGAGORS: GALLAGHER JACK
GALLAGHER SUSAN
REGION CODE ADDRESS : 7 WANAMAKER AVENUE
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030712608 MORTGAGORS: FAVIER JAMES
FAVIER VIRGINIA
REGION CODE ADDRESS : 12363 NORTH 118TH WAY
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,741.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,719.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.21700
------------------------------------------------------------------
0 0030712657 MORTGAGORS: RUCK MERRILL
RUCK DIANE
REGION CODE ADDRESS : 1400 TRINITY DRIVE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,792.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.78300
------------------------------------------------------------------
0 0030712715 MORTGAGORS: BAJHALZADEH MOHAMMED
REGION CODE ADDRESS : 335 CLEO STREET
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 389,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,675.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,855.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
------------------------------------------------------------------
0 0030712731 MORTGAGORS: FISCHER KEVIN
FISCHER KATHLEEN
REGION CODE ADDRESS : 15787 QUIET VALLEY LANE
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,811.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,539,800.00
P & I AMT: 11,080.51
UPB AMT: 1,538,621.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 114
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030712806 MORTGAGORS: NEDJEL ROBERT
NEDJEL MARY-
REGION CODE ADDRESS : 7880 E. KRAMER STREET
01 CITY : LONG BEACH
STATE/ZIP : CA 90808
MORTGAGE AMOUNT : 319,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,924.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,286.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98700
------------------------------------------------------------------
0 0030712848 MORTGAGORS: HILL EUGENE
HILL PHYLISS
REGION CODE ADDRESS : 27121 S RIDGE ROAD
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,312.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,204.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.26600
------------------------------------------------------------------
0 0030712871 MORTGAGORS: STEINBERG ALEXANDER
ALEXANDROVA MARINA
REGION CODE ADDRESS : 37 TRUMAN DRIVE
01 CITY : NOVOTA
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,829.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030712905 MORTGAGORS: COPELAND ROBERT
VOGT PAMELA
REGION CODE ADDRESS : 25916 W. BRYANT
01 CITY : STEVENSON RANCH
STATE/ZIP : CA 91381
MORTGAGE AMOUNT : 302,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,191.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,192.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99200
------------------------------------------------------------------
0 0030712921 MORTGAGORS: LUSBY JAMES
LUSBY GAIL
REGION CODE ADDRESS : 28822 PEACH BLOSSOM
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92092
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,846.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,737.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,050.00
P & I AMT: 10,351.96
UPB AMT: 1,408,106.32
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 115
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030712947 MORTGAGORS: CALABRESI PETER
WHARTENBY KATHERINE
REGION CODE ADDRESS : 348 RUMSTICK RD
01 CITY : BARRINGTON
STATE/ZIP : RI 02806
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,688.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 74.07400
------------------------------------------------------------------
0 0030713051 MORTGAGORS: HOLLIS CHARLES
HOLLIS ROSA
REGION CODE ADDRESS : 15 WASHINGTON PATH
01 CITY : HOLLISTON
STATE/ZIP : MA 01746
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.67700
------------------------------------------------------------------
0 0030713119 MORTGAGORS: VOELLMANN FRANK
VOELLMANN KAREN
REGION CODE ADDRESS : 20 OLDE LANTERN ROAD
01 CITY : ACTON
STATE/ZIP : MA 01720
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,811.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.37000
------------------------------------------------------------------
0 0030713226 MORTGAGORS: SCHAPELHOUMAN HAROLD
ROSANDICH LADA
REGION CODE ADDRESS : 1184 BRITTON AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 355,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 354,961.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030713242 MORTGAGORS: KIHMM MICHAEL
CHAVEZ LETICIA
REGION CODE ADDRESS : 4924 GLADYS COURT
01 CITY : LIVERMORE
STATE/ZIP : CA 94550
MORTGAGE AMOUNT : 246,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,734.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,150.00
P & I AMT: 9,906.95
UPB AMT: 1,352,195.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 116
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030713259 MORTGAGORS: MYERS BRAD
MYERS LORI
REGION CODE ADDRESS : 1707 SOUTH COTTAM COURT
01 CITY : ST. GEORGE
STATE/ZIP : UT 84790
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,792.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 76.00000
------------------------------------------------------------------
0 0030713275 MORTGAGORS: COLE LARRY
COLE JULIE
REGION CODE ADDRESS : 1460 HIGHPOINT COURT
01 CITY : OAKLAND TOWNSHIP
STATE/ZIP : MI 48306
MORTGAGE AMOUNT : 394,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 394,221.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,826.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030713283 MORTGAGORS: DE LAFUENTE JOEL
DE LAFUENTE MARTENA
REGION CODE ADDRESS : 300 BRIARWDOOD LANE
01 CITY : ALEDO
STATE/ZIP : TX 76008
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,634.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030713317 MORTGAGORS: TAGG JOHN
NESBELSICK-TAGG MARILEE
REGION CODE ADDRESS : 762 VAL SERENO
01 CITY : ENCINATAS
STATE/ZIP : CA 92024
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,814.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.75000
------------------------------------------------------------------
0 0030713325 MORTGAGORS: HADDIX MARK
HADDIX TERRI
REGION CODE ADDRESS : 3554 CELINDA DRIVE
01 CITY : CARLSBAD
STATE/ZIP : CA 92008
MORTGAGE AMOUNT : 337,125.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,910.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,532.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.90000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,609,625.00
P & I AMT: 11,880.99
UPB AMT: 1,608,372.67
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 117
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030713473 MORTGAGORS: DORNEO JOSEPH
DORNEO AURORA
REGION CODE ADDRESS : 57 HIGHLANDS DRIVE
01 CITY : SPRINGFIELD
STATE/ZIP : NJ 07081
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 306,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,165.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030713648 MORTGAGORS: LE HAI
NGUYEN ANNA
REGION CODE ADDRESS : 4401 N MULBERRY DR
01 CITY : KANSAS CITY
STATE/ZIP : MO 64116
MORTGAGE AMOUNT : 335,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,370.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 89.99100
------------------------------------------------------------------
0 0030713788 MORTGAGORS: TRANCHITO BARBARA
TRANCHITO JOSEPH
REGION CODE ADDRESS : 3750 VINLAND AVENUE
01 CITY : STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,134.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030713853 MORTGAGORS: LANE GARY
LANE DEBRA
REGION CODE ADDRESS : 4 COTTONWOOD TRAIL
01 CITY : SPARTA TOWNSHIP
STATE/ZIP : NJ 07871
MORTGAGE AMOUNT : 241,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,029.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030713895 MORTGAGORS: ZHANG ALAN
ZHANG BECKY
REGION CODE ADDRESS : 1532 OWEN COURT
01 CITY : SOUTH GABREL
STATE/ZIP : CA 91770
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,693.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,350,650.00
P & I AMT: 9,945.80
UPB AMT: 1,349,227.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 118
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030713903 MORTGAGORS: MONTGOMERY DONALD
REGION CODE ADDRESS : 7030 WINDSWEPT LANE
01 CITY : NORRISTOWN
STATE/ZIP : PA 19403
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,653.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.98000
------------------------------------------------------------------
0 0030713911 MORTGAGORS: WILLIAMS ANTHONY
WILLIAMS JENNIE
REGION CODE ADDRESS : 10716 FLUTTER RD
01 CITY : FORT WAYNE
STATE/ZIP : IN 46835
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,093.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,280.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030713937 MORTGAGORS: ELKINS KEITH
ELKINS JACQUELINE
REGION CODE ADDRESS : 24407 LITTLE VALLEY ROAD
01 CITY : HIDDEN HILLS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 448,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,083.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,212.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030713960 MORTGAGORS: COTTISS ROBIN
COTTISS SILVANA
REGION CODE ADDRESS : 4 DORSET ROAD
01 CITY : WASHINGTON
STATE/ZIP : NJ 07853
MORTGAGE AMOUNT : 268,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,712.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 06/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030714034 MORTGAGORS: DOSCH THOMAS
DOSCH SANDRA
REGION CODE ADDRESS : 23090 FOXTAIL DRIVE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 236,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,383.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,694.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,476,350.00
P & I AMT: 10,918.40
UPB AMT: 1,469,926.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 119
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030714083 MORTGAGORS: KARANDE VISHVANATH
KARANDE SWARUP
REGION CODE ADDRESS : 2934 INDIANWOOD ROAD
01 CITY : WILMETTE
STATE/ZIP : IL 60091
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,625.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.46300
------------------------------------------------------------------
0 0030714117 MORTGAGORS: BEYER JOHNSON
BEYER SHIRLEY
REGION CODE ADDRESS : 42 DOUNFIELD
01 CITY : COTO DE CARA
STATE/ZIP : CA 94561
MORTGAGE AMOUNT : 326,040.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,815.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,364.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030714257 MORTGAGORS: ROWELL ADRIAN
REGION CODE ADDRESS : 13462 WEST 78TH PLACE
01 CITY : ARVADA
STATE/ZIP : CO 80005
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,847.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.61100
------------------------------------------------------------------
0 0030714364 MORTGAGORS: OARE DOUGLAS
NGAI HELEN
REGION CODE ADDRESS : 6 THOMAS TRAIL
01 CITY : MORRISTOWN
STATE/ZIP : NJ 07960
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030714463 MORTGAGORS: RICHARDSON MICHAEL
RICHARDSON E.
REGION CODE ADDRESS : 2500 MCKENDREE ROAD
01 CITY : GLENWOOD
STATE/ZIP : MD 21738
MORTGAGE AMOUNT : 244,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,718.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.97200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,526,940.00
P & I AMT: 11,067.64
UPB AMT: 1,526,380.88
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 120
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030714620 MORTGAGORS: REYNOLDS THOMAS
REYNOLDS DEBRA
REGION CODE ADDRESS : 6853 COLONIAL TAYLOR LANE
01 CITY : CENTERVILLE
STATE/ZIP : VA 22020
MORTGAGE AMOUNT : 250,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,431.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98500
------------------------------------------------------------------
0 0030714653 MORTGAGORS: EHRMAN TROY
EHRMAN MEREDITH
REGION CODE ADDRESS : 14831 SW 256TH STREET
01 CITY : MIAMI
STATE/ZIP : FL 33032
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,818.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 49.09000
------------------------------------------------------------------
0 0030714703 MORTGAGORS: CARTER RONALD
CARTER JUDITH
REGION CODE ADDRESS : 309 CUDDIHY DRIVE
01 CITY : METAIRIE
STATE/ZIP : LA 70005
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,828.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030714828 MORTGAGORS: CROWE LEROY
THEOPHILUS CRISTA
REGION CODE ADDRESS : 15806 S. FIRST AVENUE
01 CITY : PHOENIX
STATE/ZIP : AZ 85045
MORTGAGE AMOUNT : 318,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,375.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,282.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.82300
------------------------------------------------------------------
0 0030714869 MORTGAGORS: MILLER WILLIAM
MILLER MAUREEN
REGION CODE ADDRESS : 4013 CANEBRAKE DRIVE
01 CITY : BATON ROUGE
STATE/ZIP : LA 70817
MORTGAGE AMOUNT : 245,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,927.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.97200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,340,300.00
P & I AMT: 9,736.84
UPB AMT: 1,339,381.07
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 121
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030714885 MORTGAGORS: LYLE RAYMOND
LYLE SHERI
REGION CODE ADDRESS : 7000 PENFIELD PLACE
01 CITY : PROSPECT
STATE/ZIP : KY 40059
MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,777.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030715007 MORTGAGORS: YOUNG ARCHIE
YOUNG RUBY
REGION CODE ADDRESS : 21710 APPALOOSA CT
01 CITY : CANYON LAKE
STATE/ZIP : CA 92587
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,428.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 77.14200
------------------------------------------------------------------
0 0030715205 MORTGAGORS: DUNN MARK
DUNN JENNIFER
REGION CODE ADDRESS : 543 NORTH LIVE OAK AVE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,349.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030715221 MORTGAGORS: LAPPAS STEPHAN
LAPPAS HARRIET
REGION CODE ADDRESS : 5311 CENTRAL AVENUE 2ND FL
01 CITY : OCEAN CITY
STATE/ZIP : NJ 08226
MORTGAGE AMOUNT : 336,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,190.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,556.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030715304 MORTGAGORS: STURTEVANT CRAIG
SCHARLI FRANCES
REGION CODE ADDRESS : 8443 SOUTH LINDANTE DR
01 CITY : WHITTIER
STATE/ZIP : CA 90603
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,675.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 60.67600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,900.00
P & I AMT: 10,498.02
UPB AMT: 1,391,421.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 122
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030715338 MORTGAGORS: CHEUNG TAK
CHEUNG SUPING
REGION CODE ADDRESS : 798 LONDONBERRY DRIVE
01 CITY : SUNNYVALE
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 295,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,241.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,143.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030715379 MORTGAGORS: ROSS BRUCE
FRANK JAN
REGION CODE ADDRESS : 1148 WESTERN DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,826.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.27200
------------------------------------------------------------------
0 0030715437 MORTGAGORS: MALIWANAG GREG
MALIWANAG CHERYL
REGION CODE ADDRESS : 1849 BEACH PARK BOULEVARD
01 CITY : FOSTER CITY
STATE/ZIP : CA 94404
MORTGAGE AMOUNT : 326,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,175.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,366.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.90200
------------------------------------------------------------------
0 0030715478 MORTGAGORS: PAZ ALBERTO
PAZ LINDA
REGION CODE ADDRESS : 116 BRIARCLIFF ROAD
01 CITY : MOUNTAIN LAKES
STATE/ZIP : NJ 07046
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,769.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,516.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.95300
------------------------------------------------------------------
0 0030715577 MORTGAGORS: BOIES WILLIAM
BOIES PARRIS
REGION CODE ADDRESS : 9 BECKMAN DRIVE
01 CITY : MUSKOGEE
STATE/ZIP : OK 74401
MORTGAGE AMOUNT : 212,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 211,592.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,429,050.00
P & I AMT: 10,484.39
UPB AMT: 1,427,605.68
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 123
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030715635 MORTGAGORS: SASS ALLAN
SASS EVELYN
REGION CODE ADDRESS : 538 W. STEVENS RD
01 CITY : PALM SPRINGS
STATE/ZIP : CA 92262
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,597.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,402.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 64.51600
------------------------------------------------------------------
0 0030715734 MORTGAGORS: TIO ARSENIO
TIO MARIA
REGION CODE ADDRESS : 2 CANYON WOODS COURT
01 CITY : HOLMDEL
STATE/ZIP : NJ 07733
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,269.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,994.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 65.81100
------------------------------------------------------------------
0 0030715742 MORTGAGORS: GREEN DANIEL
GREEN JILL
REGION CODE ADDRESS : 2 KING CT
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,825.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.14200
------------------------------------------------------------------
0 0030715767 MORTGAGORS: MOHART JOHN
MOHART MARY
REGION CODE ADDRESS : 1832 BOAZ AVENUE
01 CITY : KIRKWOOD
STATE/ZIP : MO 63122
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,824.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.78900
------------------------------------------------------------------
0 0030715775 MORTGAGORS: CAMPBELL MICHAEL
CAMPBELL WENDY
REGION CODE ADDRESS : 2178 JOHN DEWITT PLACE
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,515.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.59500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,849,000.00
P & I AMT: 13,679.12
UPB AMT: 1,847,031.42
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 124
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030715791 MORTGAGORS: GRAVES MATTHEW
GRAVES PAULA
REGION CODE ADDRESS : 103 LOWER VICTORIA ROAD
01 CITY : WOODSTOCK
STATE/ZIP : GA 30189
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,845.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,695.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.80100
------------------------------------------------------------------
0 0030715841 MORTGAGORS: OLDANI JERROLD
OLDANI PHYLLIS
REGION CODE ADDRESS : 20 TULLIP KEY
01 CITY : BELLEVUE
STATE/ZIP : WA 98008
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,261.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.36900
------------------------------------------------------------------
0 0030716013 MORTGAGORS: O'TOOLE MICHAEL
PAULSON LISA
REGION CODE ADDRESS : 208 WEST 33RD STREET
01 CITY : AUSTIN
STATE/ZIP : TX 78705
MORTGAGE AMOUNT : 310,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,496.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,411.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 88.08200
------------------------------------------------------------------
0 0030716047 MORTGAGORS: MOHR DIANE
REGION CODE ADDRESS : 14 N. 970 SLEEPY HOLLOW ROAD
01 CITY : WEST DUNDEE
STATE/ZIP : IL 60118
MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,400.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,816.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 74.84100
------------------------------------------------------------------
0 0030716096 MORTGAGORS: CLEAVENGER WALTER
CLEAVENGER DEBBIE
REGION CODE ADDRESS : 1053 GLEN HALL ROAD
01 CITY : KENNETT SQUARE
STATE/ZIP : PA 19348
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,412.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.49300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,537,550.00
P & I AMT: 11,632.38
UPB AMT: 1,535,416.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 125
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030716153 MORTGAGORS: TARTAGLIA ALEXANDER
MC GILL EILEEN
REGION CODE ADDRESS : 3840 HOUNDSTOOTH CT
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,841.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.17000
------------------------------------------------------------------
0 0030716161 MORTGAGORS: GILL BALJIT
GILL GURKAMAL
REGION CODE ADDRESS : 128 CHINQUAP IN ORCHARD
01 CITY : YORKTOWN
STATE/ZIP : VA 23693
MORTGAGE AMOUNT : 385,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,912.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,695.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.67300
------------------------------------------------------------------
0 0030716211 MORTGAGORS: HANSEN RICK
HANSEN MELISSA
REGION CODE ADDRESS : 1404 GLEN VIEW COURT
01 CITY : ROSEVILLE
STATE/ZIP : CA 95747
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,779.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,406.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030716229 MORTGAGORS: PINNEO RICHARD
PINNEO SARA
REGION CODE ADDRESS : 4108 ERRANTE DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,735.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,686.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030716575 MORTGAGORS: SABATINOS MARTIN
REGION CODE ADDRESS : 2004 E. CLIPPER LANE
01 CITY : GILBERT
STATE/ZIP : AZ 85234
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,312.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,579,000.00
P & I AMT: 11,302.79
UPB AMT: 1,577,581.06
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 126
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030716583 MORTGAGORS: HORKIN PHILIP
HORKIN CECELIA
REGION CODE ADDRESS : 14215 SOUTH 13TH WAY
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030716625 MORTGAGORS: DZIEKEN MICHAEL
DZIEKEN CYNTHIA
REGION CODE ADDRESS : 3043 BLUE MOUNTAIN TRAIL
01 CITY : LYONS
STATE/ZIP : CO 80540
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.47300
------------------------------------------------------------------
0 0030716633 MORTGAGORS: JUSTISS J
JUSTISS STEVEN
REGION CODE ADDRESS : 405 BROOKS HOLLOW ROAD
01 CITY : AUSTIN
STATE/ZIP : TX 78734
MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,796.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,230.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030716765 MORTGAGORS: ANDERSON JENNIFER
REGION CODE ADDRESS : 1016 LISA COURT
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,640.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.31700
------------------------------------------------------------------
0 0030716781 MORTGAGORS: DURAN SAMUEL
MITCHELL-DURAN SUSAN
REGION CODE ADDRESS : 8 MADERA BLVD
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,310.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 82.95100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,474,300.00
P & I AMT: 10,863.83
UPB AMT: 1,473,534.99
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 127
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030716815 MORTGAGORS: LINDSAY THOMAS
LINDSAY CAROL
REGION CODE ADDRESS : 20 BRIGHTON TERRACE
01 CITY : PARSIPPANY
STATE/ZIP : NJ 07054
MORTGAGE AMOUNT : 216,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,408.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,590.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 86.71400
------------------------------------------------------------------
0 0030716930 MORTGAGORS: GOLUBOW RICHARD
GOLUBOW ROSEMARIE
REGION CODE ADDRESS : 28722 ABANTES PLACE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,847.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030716948 MORTGAGORS: RUTKOWSKI LENARD
RUTKOWSKI NANCY
REGION CODE ADDRESS : 2316 ISLAND COVE CIRCLE
01 CITY : NAPLES
STATE/ZIP : FL 34109
MORTGAGE AMOUNT : 267,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,925.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.93800
------------------------------------------------------------------
0 0030716963 MORTGAGORS: CONNERLEY JAMES
FERREIRA JUDITH
REGION CODE ADDRESS : 4349 NORTH STAR DRIVE
01 CITY : SHINGLE SPRINGS
STATE/ZIP : CA 95682
MORTGAGE AMOUNT : 232,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,665.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.40000
------------------------------------------------------------------
0 0030717110 MORTGAGORS: KANE KAREN
BYRD JEROME
REGION CODE ADDRESS : 389 SILVER RUN VALLEY ROAD
01 CITY : WESTMINSTER
STATE/ZIP : MD 21158
MORTGAGE AMOUNT : 220,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,252.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,617.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,164,250.00
P & I AMT: 8,566.19
UPB AMT: 1,163,098.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 128
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030717136 MORTGAGORS: LINE KAREN
REGION CODE ADDRESS : 807 178TH PLACE SOUTHWEST
01 CITY : LYNWOOD
STATE/ZIP : WA 98037
MORTGAGE AMOUNT : 250,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,008.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,816.30 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.07600
------------------------------------------------------------------
0 0030717185 MORTGAGORS: GAILLARD OPAMATOON
GAILLARD ROGER
REGION CODE ADDRESS : 8306 PEACH COURT
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 225,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,490.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,616.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 68.37800
------------------------------------------------------------------
0 0030717227 MORTGAGORS: SHEAHIN ROBERT
SHEAHIN LINDA
REGION CODE ADDRESS : 19501 GEORGIA AVENUE
01 CITY : BROOKVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,310.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,898.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 55.26300
------------------------------------------------------------------
0 0030717243 MORTGAGORS: BARTKE PAUL
RINCON CHERYL
REGION CODE ADDRESS : 76 FAY AVE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 241,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,733.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
------------------------------------------------------------------
0 0030717441 MORTGAGORS: KONING DANIEL
REGION CODE ADDRESS : 4050 WOODSTOCK ROAD
01 CITY : HAYWARD
STATE/ZIP : CA 94545
MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,799.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.28200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,534,050.00
P & I AMT: 11,194.91
UPB AMT: 1,532,343.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 129
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030717482 MORTGAGORS: HIGHT WALKER TREVOR
HIGHT WALKER ANGELA
REGION CODE ADDRESS : 9701 BRECKENRIDGE PLACE
01 CITY : GAITHERSBURG
STATE/ZIP : MD 20879
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,628.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030717581 MORTGAGORS: CAMPBELL MICHAEL
CAMPBELL DEBORAH
REGION CODE ADDRESS : 103 PALACE DRIVE
01 CITY : DOWNIGTON
STATE/ZIP : PA 19335
MORTGAGE AMOUNT : 245,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,576.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,760.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98600
------------------------------------------------------------------
0 0030717698 MORTGAGORS: MORRISON JEFFREY
MORRISON GAIL
REGION CODE ADDRESS : 15 MONROE STREET
01 CITY : MARBLEHEAD
STATE/ZIP : MA 01945
MORTGAGE AMOUNT : 265,475.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,277.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.99100
------------------------------------------------------------------
0 0030717722 MORTGAGORS: ADOCK MONTE
REGION CODE ADDRESS : 119 PINE CONE ROAD
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89451
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,730.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030717730 MORTGAGORS: BONNER JOHN
TROCINO LINDA
REGION CODE ADDRESS : 2029 CROOKED LAKE ESTATES LANE
01 CITY : EUSTIS
STATE/ZIP : FL 32726
MORTGAGE AMOUNT : 294,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,591.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.70000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,298,025.00
P & I AMT: 9,395.76
UPB AMT: 1,296,805.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 130
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030717854 MORTGAGORS: SMITH EDWARD
SMITH PAMELA
REGION CODE ADDRESS : 15018 KENWOOD COURT
01 CITY : WOODBINE
STATE/ZIP : MD 21797
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,765.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,568.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.08600
------------------------------------------------------------------
0 0030717862 MORTGAGORS: WEST ROBERT
WEST KEYLAH
REGION CODE ADDRESS : 1022 CABERNET
01 CITY : CHESTERFEILD
STATE/ZIP : MO 63017
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,785.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.01234
------------------------------------------------------------------
0 0030717938 MORTGAGORS: WETHEKAM MARILYN
BURTON ELIZABETH
REGION CODE ADDRESS : 2442 BIRCHWOOD LANE
01 CITY : WILMETTE
STATE/ZIP : IL 60291
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,752.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.12000
------------------------------------------------------------------
0 0030717946 MORTGAGORS: BUSTAMANTE ROBERT
BUSTAMANTE PAMELA
REGION CODE ADDRESS : 1168 JANIS WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,723.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,023.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030718001 MORTGAGORS: BRAMBANI ERIC
BRAMBANI KAREN
REGION CODE ADDRESS : 18 STANDISH COURT
01 CITY : TENAFLY
STATE/ZIP : NJ 07670
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,779.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,076.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,739,000.00
P & I AMT: 12,626.27
UPB AMT: 1,737,805.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 131
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030718068 MORTGAGORS: BENVENUTO VINCENT
BENVENUTO KATHLEEN
REGION CODE ADDRESS : 211 MITCHELL G. DRIVE
01 CITY : TEWKSBURY
STATE/ZIP : MA 01876
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030718084 MORTGAGORS: KNOX ALAN
REGION CODE ADDRESS : 6620 STERLING DRIVE
01 CITY : SUWANEE
STATE/ZIP : GA 30174
MORTGAGE AMOUNT : 282,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,840.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,972.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99900
------------------------------------------------------------------
0 0030718092 MORTGAGORS: BURNHAM PATRICIA
BURNHAM ALBERT
REGION CODE ADDRESS : 409 SUMMIT DRIVE
01 CITY : CORTE MADERA
STATE/ZIP : CA 94925
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,672.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,712.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 44.05200
------------------------------------------------------------------
0 0030718159 MORTGAGORS: SLENZAK LAURA
SLENZAK JOSEPH
REGION CODE ADDRESS : 3101 PIKEWOOD COURT
01 CITY : COMMERCE TWSP
STATE/ZIP : MI 48382
MORTGAGE AMOUNT : 358,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,721.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,696.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.89000
------------------------------------------------------------------
0 0030718175 MORTGAGORS: PROCTOR BRIAN
PROCTOR LINDA
REGION CODE ADDRESS : 343 WEST MENOMONEE STREET
01 CITY : CHICAGO
STATE/ZIP : IL 60614
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,697,000.00
P & I AMT: 12,477.96
UPB AMT: 1,696,234.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 132
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030718340 MORTGAGORS: SIMMS JOHN
SIMMS BARBARA
REGION CODE ADDRESS : 1148 NORTH HIGHWAY 89
01 CITY : KAYSVILLE
STATE/ZIP : UT 84037
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,638.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,806.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030718381 MORTGAGORS: NGUYEN SERGE
NGUYEN TRANG
REGION CODE ADDRESS : 9356 BRAYMORE CIRCLE
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,841.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,667.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.78400
------------------------------------------------------------------
0 0030718449 MORTGAGORS: TRIPP LLOYD
RANDALL BETTYE
REGION CODE ADDRESS : 14 LA VISTA VERDE DRIVE
01 CITY : RANCHO PALAS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 362,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 362,456.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,661.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030718472 MORTGAGORS: DINKOVSKI BORIS
DINKOVSKI VICTORIA
REGION CODE ADDRESS : 3935 VIA REPOSO
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 481,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 480,677.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,529.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.58000
------------------------------------------------------------------
0 0030718480 MORTGAGORS: HOPKINS DAVID
HOPKINS CYNTHIA
REGION CODE ADDRESS : 1412 CAMINO DEL SEQUAN
01 CITY : ALPINE
STATE/ZIP : CA 91901
MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,642.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,658.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,827,500.00
P & I AMT: 13,324.00
UPB AMT: 1,826,256.86
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 133
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030718589 MORTGAGORS: ORDOOKHANIAN EDWARD
REGION CODE ADDRESS : 2434 MOUNTAIN AVENUE
01 CITY : CRESCENTA AREA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,844.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,968.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030718605 MORTGAGORS: HALL JAMES
HALL TAMRA
REGION CODE ADDRESS : 102 WEST MORGAN AVENUE
01 CITY : FAIRFIELD
STATE/ZIP : CT 06430
MORTGAGE AMOUNT : 450,071.00 OPTION TO CONVERT :
UNPAID BALANCE : 450,071.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,302.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.99900
------------------------------------------------------------------
0 0030718738 MORTGAGORS: DISEATI BLAIR
DISEATI LINDA
REGION CODE ADDRESS : 7590 MAPLE BRANCH RD
01 CITY : CLIFTON
STATE/ZIP : VA 20124
MORTGAGE AMOUNT : 258,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,335.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,942.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 53.85400
------------------------------------------------------------------
0 0030718811 MORTGAGORS: RANGEL SALVADOR
REGION CODE ADDRESS : 6956 SESSIONS DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95119
MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,849.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,644.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030719108 MORTGAGORS: WILLIAMS DONALD
WILLIAMS IDA
REGION CODE ADDRESS : 3453 GLEN ELLEN DRIVE
01 CITY : FAIRFIELD
STATE/ZIP : CA 94533
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,253.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,171.00
P & I AMT: 10,782.30
UPB AMT: 1,435,354.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 134
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030719157 MORTGAGORS: GREFF KENT
GREFF LINDA
REGION CODE ADDRESS : 585 73RD STREET NORTHWEST
01 CITY : ROCHESTER
STATE/ZIP : MN 55901
MORTGAGE AMOUNT : 216,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,304.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,588.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030719165 MORTGAGORS: HEWITT BRIAN
REGION CODE ADDRESS : 4F MARINERS WALK
01 CITY : ISLE OF PALMS
STATE/ZIP : SC 29451
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,859.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,596.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.19200
------------------------------------------------------------------
0 0030719207 MORTGAGORS: LUCERO DAVID
LUCERO MARGO
REGION CODE ADDRESS : 29312 COSTALOTA ROAD
01 CITY : VALLEY CENTER
STATE/ZIP : CA 92082
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,846.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030719264 MORTGAGORS: FELKER BRADFORD
FELKER TAMMY
REGION CODE ADDRESS : 4209 85TH AVENUE SOUTHEAST
01 CITY : MERCER ISLAND
STATE/ZIP : WA 98040
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,798.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.04300
------------------------------------------------------------------
0 0030719322 MORTGAGORS: PERRY MARK
PERRY CHERYL
REGION CODE ADDRESS : 2806 ABBY MANOR CIRCLE
01 CITY : BROOKVILLE
STATE/ZIP : MD 20833
MORTGAGE AMOUNT : 237,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,036.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,234,650.00
P & I AMT: 9,198.37
UPB AMT: 1,233,846.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 135
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030719330 MORTGAGORS: LEFFELL MARY
ZACHARY ANDREA
REGION CODE ADDRESS : 11 CLYMALIRA COURT
01 CITY : PHOENIX
STATE/ZIP : MD 21131
MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,300.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,182.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.33300
------------------------------------------------------------------
0 0030719348 MORTGAGORS: MORGAN DARRYL
MORGAN SCHAUN
REGION CODE ADDRESS : 6505 WOODPOINTE DRIVE
01 CITY : GLENN DALE
STATE/ZIP : MD 20769
MORTGAGE AMOUNT : 217,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,054.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,593.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.93400
------------------------------------------------------------------
0 0030719355 MORTGAGORS: CROWLEY JOHN
CROWLEY MARTHA
REGION CODE ADDRESS : 8004 CARRIAGE LANE
01 CITY : RICHMOND
STATE/ZIP : VA 23229
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,865.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,706.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030719405 MORTGAGORS: CROVELLA MARK
CROVELLA LINDA
REGION CODE ADDRESS : 14 COLLIER ROAD
01 CITY : SCITUATE
STATE/ZIP : MA 02060
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,817.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,071.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.03600
------------------------------------------------------------------
0 0030719447 MORTGAGORS: EVO MARY
REGION CODE ADDRESS : 33200 JEFFERSON WAY
01 CITY : FORT BRAGG
STATE/ZIP : CA 95437
MORTGAGE AMOUNT : 474,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,673.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,436.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,700.00
P & I AMT: 10,992.08
UPB AMT: 1,488,711.44
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 136
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030719454 MORTGAGORS: WILLIAMS REGINALD
REGION CODE ADDRESS : 2961 HARDMAN COURT
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,841.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030719462 MORTGAGORS: DAVIS PETER
REGION CODE ADDRESS : 2145 CRESCENT DRIVE
01 CITY : SIGNAL HILL
STATE/ZIP : CA 90804
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,783.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.79200
------------------------------------------------------------------
0 0030719512 MORTGAGORS: COAN RICHARD
COAN JUSTINE
REGION CODE ADDRESS : 6165 S BOSTON CIRCLE
01 CITY : ENGLEWOOD
STATE/ZIP : CO 80111
MORTGAGE AMOUNT : 331,562.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,339.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,432.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.54500
------------------------------------------------------------------
0 0030719538 MORTGAGORS: JOHNSTON ROBERT
JOHNSTON JOYCE
REGION CODE ADDRESS : 13 RIDGELINE DRIVE
01 CITY : BROWNSBURG
STATE/ZIP : IN 46112
MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,546.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,394.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030719561 MORTGAGORS: MCCURRY JEFF
MCCURRY JULIE
REGION CODE ADDRESS : 1716 GLENWICK DRIVE
01 CITY : PLANO
STATE/ZIP : TX 75075
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,596.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,507,312.00
P & I AMT: 11,109.85
UPB AMT: 1,506,107.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 137
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030719827 MORTGAGORS: DINH TONY
DINH KIM
REGION CODE ADDRESS : 3181 APPERSON RIDGE DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,782.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030719843 MORTGAGORS: SMITH I
SMITH SHANNON
REGION CODE ADDRESS : 83240 RUSSELL OAKS DRIVE
01 CITY : CRESWELL
STATE/ZIP : OR 97426
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,812.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,898.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.73600
------------------------------------------------------------------
0 0030719926 MORTGAGORS: SILVERS CRAIG
SILVERS ARLENE
REGION CODE ADDRESS : 826 EAST SIERRA MADRE AVENUE
01 CITY : GLENDORA
STATE/ZIP : CA 91741
MORTGAGE AMOUNT : 340,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,983.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,555.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.67213
------------------------------------------------------------------
0 0030719934 MORTGAGORS: LEADER MARC
LEADER FELICE
REGION CODE ADDRESS : 13 PEGGY RD
01 CITY : E. BRUNSWICK
STATE/ZIP : NJ 08816
MORTGAGE AMOUNT : 223,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,499.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,641.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030719983 MORTGAGORS: WAGNER MARC
WAGNER SUSAN
REGION CODE ADDRESS : 9415 KOPACHUK NW
01 CITY : GIG HARBOR
STATE/ZIP : WA 98335
MORTGAGE AMOUNT : 402,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,743.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,020.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.05800
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,538,850.00
P & I AMT: 11,322.02
UPB AMT: 1,537,822.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 138
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030720072 MORTGAGORS: KOHLER DAVID
KOHLER FAY
REGION CODE ADDRESS : 3104 N 90TH PLACE
01 CITY : MESA
STATE/ZIP : AZ 85207
MORTGAGE AMOUNT : 229,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,704.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030720080 MORTGAGORS: PENN GARY
MURRIETA-PENN AIDA
REGION CODE ADDRESS : 8046 EAST SUNNYSIDE DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85260
MORTGAGE AMOUNT : 373,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,249.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,740.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.64200
------------------------------------------------------------------
0 0030720122 MORTGAGORS: PETRIE GEORGE
PETRIE JANET
REGION CODE ADDRESS : 30 AIRPORT ROAD
01 CITY : BEDMINSTER TOWNSHIP
STATE/ZIP : NJ 07921
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,949.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030720130 MORTGAGORS: WEBER RICHARD
WEBER ANGELA
REGION CODE ADDRESS : 5400 JED SMITH ROAD
01 CITY : HIDDEN HILLS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 546,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 545,624.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,958.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
------------------------------------------------------------------
0 0030720148 MORTGAGORS: PREAS DR HUGH
PREAS MICHAEL
REGION CODE ADDRESS : 4010 BEVERLY ROAD
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,814.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,675,500.00
P & I AMT: 12,310.81
UPB AMT: 1,674,687.82
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 139
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030720171 MORTGAGORS: DIAMOND GLENN
DIAMOND NANCY
REGION CODE ADDRESS : 550 INDIGO DRIVE
01 CITY : ROSWELL
STATE/ZIP : GA 30075
MORTGAGE AMOUNT : 331,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,430.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.24700
------------------------------------------------------------------
0 0030720213 MORTGAGORS: GUTTERMAN HERBERT
GUTTERMAN MALKA
REGION CODE ADDRESS : 11314 HOLLOWSTONE DRIVE
01 CITY : NORTH BETHESDA
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,812.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030720221 MORTGAGORS: JAMISON PATRICIA
REGION CODE ADDRESS : 8102 FELBRIGG HALL ROAD
01 CITY : GLENN DALE
STATE/ZIP : MD 20769
MORTGAGE AMOUNT : 261,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,365.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,873.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98400
------------------------------------------------------------------
0 0030720239 MORTGAGORS: MATYAS PHILIP
CLAYTON JANE
REGION CODE ADDRESS : 219 NORTH PITT STREET
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,795.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.76400
------------------------------------------------------------------
0 0030720247 MORTGAGORS: OLSON DAVID
OLSON SUSAN
REGION CODE ADDRESS : 6017 NEILWOOD DRIVE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,684.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 87.09300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,578,850.00
P & I AMT: 11,314.69
UPB AMT: 1,577,957.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 140
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030720296 MORTGAGORS: COOK EDWARD
COOK JENNIFER
REGION CODE ADDRESS : 1760 W. ASPEN AVENUE
01 CITY : GILBERT
STATE/ZIP : AZ 85233
MORTGAGE AMOUNT : 217,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,633.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,542.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99000
------------------------------------------------------------------
0 0030720304 MORTGAGORS: SNYDER DOUGLAS
SNYDER DELIA
REGION CODE ADDRESS : 1933 GREENWOOD AVENUE
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,781.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,384.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.65200
------------------------------------------------------------------
0 0030720379 MORTGAGORS: TUNICK STEPHEN
REGION CODE ADDRESS : 105 ROCK HOUSE ROAD
01 CITY : EASTON
STATE/ZIP : CT 06612
MORTGAGE AMOUNT : 333,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,864.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,386.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.39500
------------------------------------------------------------------
0 0030720452 MORTGAGORS: BENNETTS GLORIA
SIMONSEN KENNETH
REGION CODE ADDRESS : 24271 ONTARIO LANE
01 CITY : LAKE FOREST
STATE/ZIP : CA 92630
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030720486 MORTGAGORS: BRADY HERBERT
BRADY HELEN
REGION CODE ADDRESS : 11069 ETON AVENUE
01 CITY : CHATSWORTH
STATE/ZIP : CA 91311
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,768.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,447,050.00
P & I AMT: 10,446.62
UPB AMT: 1,446,048.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 141
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030720593 MORTGAGORS: HAAS ROBERT
REGION CODE ADDRESS : 6278 REDFERN CIRCLE
01 CITY : PORTAGE
STATE/ZIP : MI 49002
MORTGAGE AMOUNT : 284,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,859.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030720601 MORTGAGORS: SIPES DAVID
SIPES KELLY
REGION CODE ADDRESS : 2149 CARDIFF CIRCLE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95630
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,798.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.15100
------------------------------------------------------------------
0 0030720684 MORTGAGORS: BRAUN STEFAN
BRAUN LENA
REGION CODE ADDRESS : 21290 VIA DEL PARQUE
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,600.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 93.52700
------------------------------------------------------------------
0 0030720718 MORTGAGORS: LISTA WILLIAM
LISTA PATRICIA
REGION CODE ADDRESS : 106 RUMSON ROAD
01 CITY : RUMSON
STATE/ZIP : NJ 07760
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,759.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.55500
------------------------------------------------------------------
0 0030720726 MORTGAGORS: KUBER DOUGLAS
REGION CODE ADDRESS : 5527 S MORGAN STREET
01 CITY : SEATTLE
STATE/ZIP : WA 98118
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,815.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.75000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,483,050.00
P & I AMT: 10,777.08
UPB AMT: 1,481,833.80
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 142
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030720734 MORTGAGORS: DONELLY MARIA
REGION CODE ADDRESS : 217 KNOLL HAVEN DRIVE
01 CITY : SEBASTOPOL
STATE/ZIP : CA 95472
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,735.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,117.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.04700
------------------------------------------------------------------
0 0030720890 MORTGAGORS: DEBERNARD GREGORY
DEBERNARD TAMARA
REGION CODE ADDRESS : 555 PASEO ROSAL
01 CITY : CHULA VISTA
STATE/ZIP : CA 91910
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,234.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98391
------------------------------------------------------------------
0 0030720916 MORTGAGORS: SHIVELY DAVID
SHIVELY BARI
REGION CODE ADDRESS : 1310 PASEO VALLE VISTA
01 CITY : SAN DIMAS
STATE/ZIP : CA 91773
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,858.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,799.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030721310 MORTGAGORS: KRASELSKY BRUCE
KRASELSKY SHOHREH
REGION CODE ADDRESS : 11001 SWEETMEADOW DRIVE
01 CITY : OAKTON
STATE/ZIP : VA 22124
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,728.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,751.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.14200
------------------------------------------------------------------
0 0030721450 MORTGAGORS: MCSHANE FRANK
MCSHANE HOLLY
REGION CODE ADDRESS : 17071 10TH AVENUE N.W.
01 CITY : SEATTLE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 295,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,691.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,119.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,580,100.00
P & I AMT: 11,609.28
UPB AMT: 1,577,248.43
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 143
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030721500 MORTGAGORS: ROLLINS JERRY
ROLLINS TERRIE
REGION CODE ADDRESS : 26082 CRESTA VERDE
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92691
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030721567 MORTGAGORS: STRONG WILLIAM
REGION CODE ADDRESS : 4644 KEMPTON PLACE
01 CITY : MARIETTA
STATE/ZIP : GA 30067
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,812.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030721583 MORTGAGORS: PERLO DONALD
PERLO BARBARA
REGION CODE ADDRESS : 17 GIBSON ROAD
01 CITY : NEWTON
STATE/ZIP : MA 02160
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,827.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030721682 MORTGAGORS: WINDLE DAVID
REGION CODE ADDRESS : 762 EAST DESERT FLOWER LANE
01 CITY : PHOENIX
STATE/ZIP : AZ 85048
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,831.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,990.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.83000
------------------------------------------------------------------
0 0030721724 MORTGAGORS: THOMAS MARK
WALSH TERESA
REGION CODE ADDRESS : 4 CHELSEA DRIVE
01 CITY : MEDFORD
STATE/ZIP : NJ 08055
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,845.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,744.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 86.89700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,418,000.00
P & I AMT: 10,414.85
UPB AMT: 1,417,316.02
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 144
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030721740 MORTGAGORS: LOCONTE JOSEPH
LOCONTE PATRICIA
REGION CODE ADDRESS : 2105 YORKSHIRE WAY
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,751.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 58.90400
------------------------------------------------------------------
0 0030721765 MORTGAGORS: KELLER JOHN
KELLER CAROLYN
REGION CODE ADDRESS : 36 FAIRWAY LANE
01 CITY : LITTLETON
STATE/ZIP : CO 80123
MORTGAGE AMOUNT : 257,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,009.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.68421
------------------------------------------------------------------
0 0030721807 MORTGAGORS: SHREEVE THOMAS
SHREEVE MARLAYN
REGION CODE ADDRESS : 14039 SOUTH NEW SADDLE ROAD
01 CITY : DRAPER
STATE/ZIP : UT 84020
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,848.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.40876
------------------------------------------------------------------
0 0030721955 MORTGAGORS: FLORES MARIA DELCARMEN
REGION CODE ADDRESS : 1059 BALBOA AVNEUE
01 CITY : LAGUNA BEACH
STATE/ZIP : CA 92651
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,849.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.51500
------------------------------------------------------------------
0 0030721971 MORTGAGORS: POTTER REX
PICCARD RUTH
REGION CODE ADDRESS : 306 NASSAU STREET
01 CITY : PRINCETON
STATE/ZIP : NJ 08540
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,936.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.50000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,333,200.00
P & I AMT: 9,794.48
UPB AMT: 1,332,458.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 145
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030722045 MORTGAGORS: SMITH TAING
HEM LINA
REGION CODE ADDRESS : 14243 AMBERLEIGH TERRACE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,433.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030722052 MORTGAGORS: AQUINO FRANK
AQUINO MARY
REGION CODE ADDRESS : 8278 GLENMAR ROAD
01 CITY : ELLICOTT CITY
STATE/ZIP : MD 21043
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,079.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 85.00000
------------------------------------------------------------------
0 0030722102 MORTGAGORS: GUERRIERI DENNIS
GUERRIERI MAUREEN
REGION CODE ADDRESS : 28775 COUNTY ROAD 104
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 363,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,147.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,636.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 67.97100
------------------------------------------------------------------
0 0030722136 MORTGAGORS: PARKER HENRY
PARKER SUSAN
REGION CODE ADDRESS : 2444 NORTH LIGHTING A DRIVE
01 CITY : TUCSON
STATE/ZIP : AZ 85749
MORTGAGE AMOUNT : 388,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,625.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,786.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.96000
------------------------------------------------------------------
0 0030722177 MORTGAGORS: PAGLIARINI R
PAGLIARINI NANCY
REGION CODE ADDRESS : 5730 CONWAY ROAD
01 CITY : SYLVAN TOWNSHIP
STATE/ZIP : MI 48118
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,638.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.91304
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,491,400.00
P & I AMT: 10,736.97
UPB AMT: 1,489,924.99
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 146
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030722284 MORTGAGORS: FREY ROBERT
FREY TINA
REGION CODE ADDRESS : 19372 DAYCREST CT
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94546
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,827.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030722375 MORTGAGORS: SHURTS ROBERT
SHURTS GEORGIA
REGION CODE ADDRESS : 3913 SKYVIEW LANE
01 CITY : FAIRFAX
STATE/ZIP : VA 22031
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,796.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 77.77700
------------------------------------------------------------------
0 0030722417 MORTGAGORS: KERENTOFF SANDRA
REGION CODE ADDRESS : 15434 CONRAD SPRING RD
01 CITY : BOYDS
STATE/ZIP : MD 20841
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,738.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.17600
------------------------------------------------------------------
0 0030722623 MORTGAGORS: YANG JASON
YANG LISA
REGION CODE ADDRESS : 25259 GOLD HILLS DRIVE
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 286,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,597.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97900
------------------------------------------------------------------
0 0030722797 MORTGAGORS: MILLER JOSEPH
MILLER ROXANNE
REGION CODE ADDRESS : 904 ST. EVA LANE
01 CITY : GAMBRILLS
STATE/ZIP : MD 21054
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,843.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,782.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,458,800.00
P & I AMT: 10,629.52
UPB AMT: 1,457,803.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 147
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030722813 MORTGAGORS: COLLEY MICHAEL
REGION CODE ADDRESS : 1452 NORTH EDGEWATER DR.
01 CITY : PORT CLINTON
STATE/ZIP : OH 43452
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,785.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030722821 MORTGAGORS: HOUGARDY NEVIN
STEINHARDT ALICIA
REGION CODE ADDRESS : 17835 NORTHWOOD PLACE
01 CITY : SALINAS
STATE/ZIP : CA 93907
MORTGAGE AMOUNT : 231,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,444.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.40 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030722862 MORTGAGORS: KAUFMAN ROBERT
KAUFMAN SHARON
REGION CODE ADDRESS : 5133 MUIRWOODS COURT
01 CITY : CINCINNATI
STATE/ZIP : OH 45242
MORTGAGE AMOUNT : 290,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,305.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,131.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
------------------------------------------------------------------
0 0030722870 MORTGAGORS: HOECKER ROSS
HOECKER CANDACE
REGION CODE ADDRESS : 9591 STONNINGTON CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92646
MORTGAGE AMOUNT : 329,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,178.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,417.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030722938 MORTGAGORS: XXX XXXXXX
XXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXX XXXXXX
01 CITY : XXXXXX VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,776.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,479,500.00
P & I AMT: 10,774.10
UPB AMT: 1,478,490.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030722961 MORTGAGORS: XXXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XX XXXXXXX XXXXX
01 CITY : PALO ALTO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,797.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,575.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 61.92200
------------------------------------------------------------------
0 0030723019 MORTGAGORS: XXXXXX XXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : JAMUL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,787.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.18181
------------------------------------------------------------------
0 0030723076 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXX XXXX
01 CITY : MEYERSVILLE
STATE/ZIP : MD 21773
MORTGAGE AMOUNT : 318,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,971.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,336.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.83900
------------------------------------------------------------------
0 0030723100 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXXX
01 CITY : MANASSAS
STATE/ZIP : VA 20112
MORTGAGE AMOUNT : 323,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,010.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,260.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99257
------------------------------------------------------------------
0 0030723233 MORTGAGORS: XXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXX
01 CITY : DAMASCUS
STATE/ZIP : MD 20872
MORTGAGE AMOUNT : 233,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,743.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,716.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,550.00
P & I AMT: 11,045.09
UPB AMT: 1,510,309.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030723266 MORTGAGORS: XXX XXXXXX
XXX XXXX XXXX
REGION CODE ADDRESS : 0000 X. XXXXXXX XXXXXX
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 332,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,265.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,382.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.55100
------------------------------------------------------------------
0 0030723365 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,809.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030723431 MORTGAGORS: WISE XXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXXX
01 CITY : XXXXXXXXX RANCH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 245,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,877.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.98700
------------------------------------------------------------------
0 0030723449 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXXX XX.
01 CITY : SENATOBIA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,329.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,794.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030723472 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXX
01 CITY : DANVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,787.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,413.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.77900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,050.00
P & I AMT: 10,279.64
UPB AMT: 1,419,068.86
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030723522 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0 XXXXXXXXXX XXXXX
01 CITY : MECHANICSBURG
STATE/ZIP : PA 17055
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,768.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,349.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030723530 MORTGAGORS: XXXXXX J
XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XX 00 XXXXXX
01 CITY : MIAMI
STATE/ZIP : FL 33157
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,780.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,487.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.90600
------------------------------------------------------------------
0 0030723647 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXXX XXXX XXXXX
01 CITY : CHARLESTOWN TOWNSHIP
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 317,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,349.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,276.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98300
------------------------------------------------------------------
0 0030723662 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : SUMMIT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,791.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.59500
------------------------------------------------------------------
0 0030723704 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 28411 RANCHO GRANDE
01 CITY : LAGUNA NUGUEL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,824.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.98870
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,544,800.00
P & I AMT: 11,224.71
UPB AMT: 1,543,514.29
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030723712 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXXX XXXXX
01 CITY : ORANGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,853.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030723720 MORTGAGORS: XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,841.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.90400
------------------------------------------------------------------
0 0030723738 MORTGAGORS: XXXXXXXXXX XXXXX
XXXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXX XXXXX
01 CITY : SCOTTS VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,827.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 57.14200
------------------------------------------------------------------
0 0030723753 MORTGAGORS: XXXXX J
XXXXX XXXXX
REGION CODE ADDRESS : 3463 CORTE SONRISA
01 CITY : CARLSBAD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 311,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,430.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,232.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98900
------------------------------------------------------------------
0 0030723779 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXX
01 CITY : GOLDEN
STATE/ZIP : CO 80401
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,724.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.91200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,447,250.00
P & I AMT: 10,465.99
UPB AMT: 1,446,424.19
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030723795 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXXX
01 CITY : BEN LOMOND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,826.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,893.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.67600
------------------------------------------------------------------
0 0030723860 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXXX XXXXXX
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22314
MORTGAGE AMOUNT : 311,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,030.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98900
------------------------------------------------------------------
0 0030723928 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 30470 XXXXX CANYON ROAD
01 CITY : ( SAUGUS AREA )
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,673.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,825.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.50500
------------------------------------------------------------------
0 0030723977 MORTGAGORS: XXXXXX XXXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX XXXXX XXXXX
00 XXXX : BIG BEAR CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,324.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,691.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.27900
------------------------------------------------------------------
0 0030723985 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 2846 XXXXXX COURT
01 CITY : NORTHBROOK
STATE/ZIP : IL 60062
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,718.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 60.14500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,669,250.00
P & I AMT: 12,358.33
UPB AMT: 1,667,854.99
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030723993 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXXXX
01 CITY : HUNTINGTON BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,835.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030724066 MORTGAGORS: XXXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : PALMETTO
STATE/ZIP : GA 30268
MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,347.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 78.03000
------------------------------------------------------------------
0 0030724108 MORTGAGORS: XXXX XXXXXX
XXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXXX
01 CITY : GREENBRAE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,416.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,951.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030724132 MORTGAGORS: XXXXXX XXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : DANVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,634.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 74.17700
------------------------------------------------------------------
0 0030724231 MORTGAGORS: XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XX 00XX XXXXX
01 CITY : MIAMI
STATE/ZIP : FL 33143
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,695.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,452.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,691,500.00
P & I AMT: 12,640.66
UPB AMT: 1,689,930.73
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030724264 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX
01 CITY : PALOS VERDES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,597.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.90400
------------------------------------------------------------------
0 0030724348 MORTGAGORS: XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX XXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,376.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,800.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 78.24700
------------------------------------------------------------------
0 0030724447 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXX XXXX
01 CITY : LAGUNA HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 604,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 603,227.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,537.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030724462 MORTGAGORS: XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX
01 CITY : LA CRESCENTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 248,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,845.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.46100
------------------------------------------------------------------
0 0030724470 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX 00XX XXXXXX
01 CITY : TULSA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 253,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,749.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 85.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,930,800.00
P & I AMT: 14,260.94
UPB AMT: 1,929,001.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030724488 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXXX
01 CITY : HILLSBOROUGH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 606,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 605,623.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,555.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 65.55600
------------------------------------------------------------------
0 0030724512 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 13372 XX XXXXXXX RANCH ROAD
01 CITY : NEVADA CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 524,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,628.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,077.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030724520 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXX XXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 636,704.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,845.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030724546 MORTGAGORS: XXXXXXX XXXXX-XXXXXXXXX
REGION CODE ADDRESS : 1312 XXXXXXX XXXXX PLACE
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,348.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,277.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 57.89400
------------------------------------------------------------------
0 0030724652 MORTGAGORS: XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX
01 CITY : CAMBRIA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,825.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,578,150.00
P & I AMT: 19,664.33
UPB AMT: 2,575,131.27
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030724710 MORTGAGORS: O'XXXXX XXXXX
O'XXXXX XXXXX
REGION CODE ADDRESS : 0000 XX XXXXXXX
01 CITY : SAN CLEMENTE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,819.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.85700
------------------------------------------------------------------
0 0030724751 MORTGAGORS: XXXXXXXXXXX XXXXX
XXXXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX XXXX
01 CITY : MCLEAN
STATE/ZIP : VA 22102
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.82300
------------------------------------------------------------------
0 0030724769 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 228,222.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,076.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 56.70100
------------------------------------------------------------------
0 0030724777 MORTGAGORS: XXXXXX XXXX
SUZUKI-XXXXXX XXX
REGION CODE ADDRESS : 0000 00XX XXXXXX XXXXXXXXX
01 CITY : SEATTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 234,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,488.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,701.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030724843 MORTGAGORS: XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX XXXXXXXXX X
01 CITY : DENVER
STATE/ZIP : CO 80202
MORTGAGE AMOUNT : 343,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,792.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,637.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 70.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,331,872.00
P & I AMT: 9,893.64
UPB AMT: 1,331,176.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030724876 MORTGAGORS: XXXXXXXX XXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : WAYNE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 269,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,573.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,002.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99600
------------------------------------------------------------------
0 0030724900 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 1904 SWEET BAY COURT
01 CITY : PLANT CITY
STATE/ZIP : FL 33567
MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,310.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,997.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030724942 MORTGAGORS: XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 1025 SPY GLASS WAY
01 CITY : KNOXVILLE
STATE/ZIP : TN 37923
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,825.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 67.67300
------------------------------------------------------------------
0 0030725030 MORTGAGORS: XXX JUN
XXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXXXX XXXXX
01 CITY : FAIRFAX STATION
STATE/ZIP : VA 22039
MORTGAGE AMOUNT : 401,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 401,609.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,844.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99900
------------------------------------------------------------------
0 0030725048 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXXX
01 CITY : ACTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 341,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,594.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.37200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,548,450.00
P & I AMT: 11,347.00
UPB AMT: 1,547,618.60
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030725071 MORTGAGORS: XXXXXXXXXX XXXXXXX
XXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXXX
01 CITY : ALAMEDA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 797,037.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,222.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 015
LTV : 80.00000
------------------------------------------------------------------
0 0030725089 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXX XXXX XXXXX
01 CITY : FULLERTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 276,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,499.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,958.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99400
------------------------------------------------------------------
0 0030725121 MORTGAGORS: WOO XXXXX
XXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX # 000
00 CITY : SAN MATEO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,436.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,305.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 65.18500
------------------------------------------------------------------
0 0030725451 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 5 ZINNIA COURT
01 CITY : SOUTH BRUNSWICK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 213,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 212,314.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.85 OUTSIDE CONV DATE :
LIFETIME RATE : 9.00000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 9.00000 PRODUCT CODE : 002
LTV : 89.91100
------------------------------------------------------------------
0 0030725485 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 16136 XXX XXXXXXXXXX
00 CITY : DELRAY BEACH
STATE/ZIP : FL 33446
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.34700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,979,700.00
P & I AMT: 15,012.90
UPB AMT: 1,975,116.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030725543 MORTGAGORS: XXXXX XXXXXX
LE XXXXX XXXX-XXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX
01 CITY : XXXXX
STATE/ZIP : VA 22015
MORTGAGE AMOUNT : 386,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 386,215.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.99000
------------------------------------------------------------------
0 0030725550 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXX 00XX XXXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 224,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,641.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,610.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99100
------------------------------------------------------------------
0 0030725584 MORTGAGORS: XXXXXXXX XXXXXXXXX
O'XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95130
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,839.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030725592 MORTGAGORS: XXXXXXX XXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXX XXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 216,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,343.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.98500
------------------------------------------------------------------
0 0030725717 MORTGAGORS: XXXX XXXX
XXXX XXXX
REGION CODE ADDRESS : 10630 SANTA LUCIA ROAD
01 CITY : CUPERTINO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 549,611.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,940.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.33300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,605,950.00
P & I AMT: 11,802.74
UPB AMT: 1,604,651.33
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030725808 MORTGAGORS: XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXXX XXXXXX
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 230,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,879.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98600
------------------------------------------------------------------
0 0030725816 MORTGAGORS: XXXXXX XXXXX
XXXXXX AL
REGION CODE ADDRESS : 43137 FLING COURT
01 CITY : ASHBURN
STATE/ZIP : VA 20147
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,242.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99200
------------------------------------------------------------------
0 0030725931 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000X XXXXX XXXXXX
01 CITY : WHITE PLAINS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 241,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,333.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,751.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.00000
------------------------------------------------------------------
0 0030725949 MORTGAGORS: XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
01 CITY : RYE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,796.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,396.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.94900
------------------------------------------------------------------
0 0030726012 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX
01 CITY : SIMI VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,849.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,280,150.00
P & I AMT: 9,348.66
UPB AMT: 1,279,101.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030726038 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : PLANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,260.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,105.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,689.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.99900
------------------------------------------------------------------
0 0030726061 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXX XXXXXX
01 CITY : WEST XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,829.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,090.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 56.70100
------------------------------------------------------------------
0 0030726079 MORTGAGORS: XXXXXXXXXXX XXXXX
XXXXXXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXX
01 CITY : FLEETWOOD
STATE/ZIP : PA 19552
MORTGAGE AMOUNT : 225,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,328.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 94.94177
------------------------------------------------------------------
0 0030726103 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX
01 CITY : XXXXXX XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,798.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,201.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.46300
------------------------------------------------------------------
0 0030726111 MORTGAGORS: XXXXXXXXXX XXXXX
XXXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXX XXXX
01 CITY : XXXXXXXX
STATE/ZIP : CO 80465
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,627.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.96700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,275,560.00
P & I AMT: 9,292.32
UPB AMT: 1,274,688.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030726137 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : RALEIGH
STATE/ZIP : NC 27613
MORTGAGE AMOUNT : 261,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,760.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99100
------------------------------------------------------------------
0 0030726301 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : SIMI VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,785.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030726400 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXX XXXXX XXXXX
01 CITY : VACAVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,861.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.41100
------------------------------------------------------------------
0 0030726491 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 2860 XXXXX'X FARM
01 CITY : ATLANTA
STATE/ZIP : GA 30339
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 35.71400
------------------------------------------------------------------
0 0030726558 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : DANVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 332,782.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,472.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 69.37500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,950.00
P & I AMT: 10,175.81
UPB AMT: 1,392,004.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030726566 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXX XXXX
01 CITY : LOOMIS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,293.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030726608 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXX XXXX XXXX
01 CITY : PALISADES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,601.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.78400
------------------------------------------------------------------
0 0030726616 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXXXX XXXX
01 CITY : UPPER MARLBORO
STATE/ZIP : MD 20772
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,838.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030726640 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 5 DAYBREAK COVE
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 265,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,872.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030726665 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XXXXXX
01 CITY : LAS VEGAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,398.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 83.33300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,399,950.00
P & I AMT: 10,333.61
UPB AMT: 1,398,004.37
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030726707 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXX
01 CITY : HUNTINGTON BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,975.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,978.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030726715 MORTGAGORS: XXXXX XXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXXXXX XXXXXX
01 CITY : DENVER
STATE/ZIP : CO 80209
MORTGAGE AMOUNT : 247,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,091.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,880.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.99600
------------------------------------------------------------------
0 0030726756 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00000 000XX XXX. X.X.
01 CITY : SNOHOMISH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,533.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 78.46100
------------------------------------------------------------------
0 0030726822 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : FLOWER MOUND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 439,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,908.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,224.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.77500
------------------------------------------------------------------
0 0030726863 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXXX
01 CITY : FT XXXXX
STATE/ZIP : FL 33912
MORTGAGE AMOUNT : 284,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,413.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.88400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,486,800.00
P & I AMT: 11,157.67
UPB AMT: 1,484,922.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030727044 MORTGAGORS: LA XXXXXXXX XXXXXX
LA XXXXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXXX XXXX
01 CITY : BELMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030727135 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXX XXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,843.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.41100
------------------------------------------------------------------
0 0030727234 MORTGAGORS: XXXXXXXXXXX XXXX
XXXXXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXX
01 CITY : LIVINGSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 635,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 635,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,604.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 76.96900
------------------------------------------------------------------
0 0030727283 MORTGAGORS: XXXX XXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 118 VIREO (SANDERLING S10)
01 CITY : DUCK
STATE/ZIP : NC 27949
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.92200
------------------------------------------------------------------
0 0030727291 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : HUNTINGTOWN
STATE/ZIP : MD 20639
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,853.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,661,000.00
P & I AMT: 12,006.91
UPB AMT: 1,660,696.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030727333 MORTGAGORS: BIRD XXXXXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX XXXXX
01 CITY : ROSEVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,823.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.90000
------------------------------------------------------------------
0 0030727366 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXX 000 XXXX
01 CITY : OREM
STATE/ZIP : UT 84058
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,814.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,950.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 61.83900
------------------------------------------------------------------
0 0030727390 MORTGAGORS: FRAME XXXXX
REGION CODE ADDRESS : 1966 YEARLING COURT
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 331,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,403.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,318.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.91500
------------------------------------------------------------------
0 0030727499 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXXX XXXXX XXXXXX
01 CITY : SHREWSBURY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 253,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,438.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.03000
------------------------------------------------------------------
0 0030727507 MORTGAGORS: XXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXX
01 CITY : BELMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 294,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,507.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,188.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.55200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,405,950.00
P & I AMT: 10,226.16
UPB AMT: 1,404,987.39
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030727549 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : TUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,643.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030727895 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,817.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,921.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.98200
------------------------------------------------------------------
0 0030728000 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 3469 CORTE SONRISA
01 CITY : CARLSBAD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,901.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99600
------------------------------------------------------------------
0 0030728034 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95128
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,841.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,084.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030728059 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : ANAHEIM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,809.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.98600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,333,100.00
P & I AMT: 9,871.64
UPB AMT: 1,332,013.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030728083 MORTGAGORS: XXXXXX XXXXXX
XXXXXX HILARY
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXXX
01 CITY : LAFAYETTE
STATE/ZIP : PA 19444
MORTGAGE AMOUNT : 294,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,231.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,058.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.87500
------------------------------------------------------------------
0 0030728174 MORTGAGORS: XXXXXXXX XXX
REGION CODE ADDRESS : 6145 WHITE ALDER COURT
01 CITY : PLAINFIELD
STATE/ZIP : IN 46168
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,279.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,505.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030728190 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 9345 XXXXXX LAKES DRIVE
01 CITY : ALPHARETTA
STATE/ZIP : GA 30202
MORTGAGE AMOUNT : 251,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,077.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,821.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030728356 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 40930 FALCON WAY
01 CITY : LEONARDTOWN
STATE/ZIP : MD 20650
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,814.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,032.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.93400
------------------------------------------------------------------
0 0030728364 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : ATLANTA
STATE/ZIP : GA 30324
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,818.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,424,200.00
P & I AMT: 10,333.23
UPB AMT: 1,423,220.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030728554 MORTGAGORS: XXXX XXXXX
XXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX
01 CITY : BENARDS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,840.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 31.84700
------------------------------------------------------------------
0 0030728570 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 2503 SINGING VISTA YAY
01 CITY : EL CAJON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,334.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 78.08800
------------------------------------------------------------------
0 0030728810 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXX
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 219,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,802.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,613.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.34400
------------------------------------------------------------------
0 0030728968 MORTGAGORS: CASE XXXXXX
CASE XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXXX
01 CITY : FORT XXXXX
STATE/ZIP : FL 33912
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,635.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,219.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 74.87100
------------------------------------------------------------------
0 0030728976 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX
01 CITY : BOZEMAN
STATE/ZIP : MT 59715
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,556.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,727.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.72000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,257,450.00
P & I AMT: 9,457.40
UPB AMT: 1,256,170.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030728992 MORTGAGORS: XXXXXXX XXXXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXX XXXXX
01 CITY : CHATHAM TWP.
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 222,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,350.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,632.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.68000
------------------------------------------------------------------
0 0030729016 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXX XXXXX
01 CITY : HUNTINGTON
STATE/ZIP : MD 20639
MORTGAGE AMOUNT : 237,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,786.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,864.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 05/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 94.82000
------------------------------------------------------------------
0 0030729123 MORTGAGORS: XXXXXXXXX G.
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,796.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030729149 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 13301 XXXXX XXXXX COURT
01 CITY : BOWIE
STATE/ZIP : MD 20720
MORTGAGE AMOUNT : 224,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,699.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,608.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.77100
------------------------------------------------------------------
0 0030729354 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : ATLANTA
STATE/ZIP : GA 30305
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,756.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 64.51600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,480,050.00
P & I AMT: 11,008.40
UPB AMT: 1,476,632.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030729404 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXXX
01 CITY : LOS ANGELES XXXXXXX OAKS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,903.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.09000
------------------------------------------------------------------
0 0030729438 MORTGAGORS: XXXX XXXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 00000 XX XXXXXX XX
01 CITY : MALIBU
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 236,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,099.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 52.50000
------------------------------------------------------------------
0 0030729503 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX
01 CITY : SALINAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 264,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,927.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030729578 MORTGAGORS: XXXX XXXXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 000 X XXXXX XXXXX
01 CITY : HIGHLAND VILLAGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 370,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,717.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 81.22800
------------------------------------------------------------------
0 0030729610 MORTGAGORS: PRESTON XXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 24911 AVENIDA AVALON
01 CITY : LAGUNA HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 292,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,098.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,554,700.00
P & I AMT: 11,455.57
UPB AMT: 1,554,376.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030729693 MORTGAGORS: PRIDE XXXXXX
XXXXX MARSEILLE
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXX
01 CITY : LAUREL
STATE/ZIP : MD 20723
MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,826.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,762.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98000
------------------------------------------------------------------
0 0030729727 MORTGAGORS: XXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX
01 CITY : FULLERTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030729743 MORTGAGORS: XXXXX XXXXXXX
O'XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX XX
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,745.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.78900
------------------------------------------------------------------
0 0030729925 MORTGAGORS: X'XXXX,XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 437,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,198.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,172.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.42800
------------------------------------------------------------------
0 0030730212 MORTGAGORS: MANDI JUDIT
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX
01 CITY : ALTADEN AREA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 484,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 483,666.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,509.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,759,500.00
P & I AMT: 12,725.31
UPB AMT: 1,758,438.11
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030730360 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 4111 KOX CREEK COURT
01 CITY : DANVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 451,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,304.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,353.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030730402 MORTGAGORS: XXXX XXX
XXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXXXX XXXXXXX
01 CITY : SOUTHLAKE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 482,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 482,076.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,539.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030730410 MORTGAGORS: DRAKE XXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00 XXX XXXXXX XXXX
00 CITY : BERNARDS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,628.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.49100
------------------------------------------------------------------
0 0030730584 MORTGAGORS: THIO HON-XXXX
XXXXX VIANNA
REGION CODE ADDRESS : 00000 XXXXXX XXXX XXXXX
01 CITY : XXXXXX VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 348,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,303.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,497.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99800
------------------------------------------------------------------
0 0030730618 MORTGAGORS: XXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : CHESAPEAKE
STATE/ZIP : VA 23320
MORTGAGE AMOUNT : 220,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,355.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,003,050.00
P & I AMT: 14,523.15
UPB AMT: 2,001,669.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030730816 MORTGAGORS: XXXX XXXX
XXXX XXXXX
REGION CODE ADDRESS : 5001 OMENA CT
01 CITY : STERLING HEIGHTS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 223,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,914.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.97900
------------------------------------------------------------------
0 0030730824 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 15902 HUFFMEISTER
01 CITY : CYPRESS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,842.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030730840 MORTGAGORS: XXXXXXXXX C
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XXXX XXXX
01 CITY : PARADISE VALLEY
STATE/ZIP : AZ 85253
MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 384,748.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,858.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.38100
------------------------------------------------------------------
0 0030730873 MORTGAGORS: HWANG XXX
XXXXX OK
REGION CODE ADDRESS : 28532 RANCHO GRANDE
01 CITY : LAGUNA NIGUEL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,807.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030730899 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXXX
01 CITY : WYCKOFF
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,518.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 02/01/17
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 88.50900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,420,050.00
P & I AMT: 10,978.09
UPB AMT: 1,419,312.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030731020 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXX
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,845.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030731046 MORTGAGORS: XXXXX XXXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXXXX XXXXXXX
01 CITY : FREMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 750,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 748,933.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,687.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/24
CURRENT INT RATE: 8.25000 PRODUCT CODE : 015
LTV : 68.18100
------------------------------------------------------------------
0 0030731111 MORTGAGORS: XXXXXXXXXX VIVVIEN
XXXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX XXXXXX
01 CITY : PACIFIC GROVE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,654.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.42800
------------------------------------------------------------------
0 0030731152 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : AUBURN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 242,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,029.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.97000
------------------------------------------------------------------
0 0030731160 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 X XXXXX XX
01 CITY : MERCED
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,724.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.72700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,866,200.00
P & I AMT: 13,759.88
UPB AMT: 1,864,188.02
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030731194 MORTGAGORS: XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXXX XXXXX
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,833.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,819.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 62.00000
------------------------------------------------------------------
0 0030731285 MORTGAGORS: XXXXXXXX XXXXXX
REGION CODE ADDRESS : 4850 CAMINTO EXQUISITO
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,118.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 70.00000
------------------------------------------------------------------
0 0030731301 MORTGAGORS: XXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXXXX XXXX
01 CITY : XXXXXXX HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 585,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 584,597.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,241.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.41860
------------------------------------------------------------------
0 0030731491 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX
01 CITY : LAS VEGAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 570,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 569,786.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,283.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.99700
------------------------------------------------------------------
0 0030731558 MORTGAGORS: XXXXX XXXX
XXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX 00XX XXXXXX
01 CITY : SEATTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 246,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,438.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,919,250.00
P & I AMT: 14,106.49
UPB AMT: 1,917,774.44
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030731665 MORTGAGORS: XXXXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00000 000XX XXXXXX X.X.
01 CITY : REDMOND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 324,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,276.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,352.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.04200
------------------------------------------------------------------
0 0030731848 MORTGAGORS: XXXX XXXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXXXX XXXXX
01 CITY : BREA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 242,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,528.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,738.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.88800
------------------------------------------------------------------
0 0030731855 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 10983 XXXXXXXXX ROAD
01 CITY : SAINT MARY'S
STATE/ZIP : OH 45885
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,808.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.25000
------------------------------------------------------------------
0 0030731863 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX KONNI
REGION CODE ADDRESS : 0000 X XXXXXXXXXX XXXXXX
01 CITY : GILBERT
STATE/ZIP : AZ 85234
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,291.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.20500
------------------------------------------------------------------
0 0030731871 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX XXXX
01 CITY : BUFFALO GROVE
STATE/ZIP : IL 60089
MORTGAGE AMOUNT : 231,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,848.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.64700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,388,200.00
P & I AMT: 10,189.34
UPB AMT: 1,387,462.75
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030731962 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXXXX XXXX
01 CITY : XXXXXXXXX RANCH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 321,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 321,273.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,303.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.98600
------------------------------------------------------------------
0 0030731996 MORTGAGORS: XXXXXXX XXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX XXXX
01 CITY : XXXXXXX
STATE/ZIP : NC 28682
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,638.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,699.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030732002 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XX XXXXXXX XXX XXXXX
01 CITY : STUART
STATE/ZIP : FL 33477
MORTGAGE AMOUNT : 220,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,759.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,659.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 88.62300
------------------------------------------------------------------
0 0030732028 MORTGAGORS: XXXXXX XXXXX
XXXXXX DONJA
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : GRANITE BAY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 233,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,269.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.84600
------------------------------------------------------------------
0 0030732085 MORTGAGORS: XXXXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXX
01 CITY : BELMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 297,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,231.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,316,000.00
P & I AMT: 9,566.73
UPB AMT: 1,314,939.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030732119 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : CUMMING
STATE/ZIP : GA 30311
MORTGAGE AMOUNT : 219,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,498.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98900
------------------------------------------------------------------
0 0030732135 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXX
01 CITY : WILLIAMSBURG
STATE/ZIP : VA 23185
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.36508
------------------------------------------------------------------
0 0030732143 MORTGAGORS: XXXXX XXXXXX
XXXXXX-XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XX
00 CITY : FREDERICK
STATE/ZIP : MD 27102
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,857.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,618.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030732234 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXX
00 XXXX : OSSINING
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,419.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.23800
------------------------------------------------------------------
0 0030732283 MORTGAGORS: XXXX XXXXX
VIEN SAN
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.23500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,162,250.00
P & I AMT: 8,441.58
UPB AMT: 1,161,603.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030732291 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXX
REGION CODE ADDRESS : 0000 X. XXXXXXXXX XXXXX
01 CITY : BOISE
STATE/ZIP : ID 83703
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.62600
------------------------------------------------------------------
0 0030732325 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX XXXXX
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,640.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.28571
------------------------------------------------------------------
0 0030732333 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXXXX XX
01 CITY : XXX HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,360.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.00000
------------------------------------------------------------------
0 0030732341 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : SERVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,644.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 64.81400
------------------------------------------------------------------
0 0030732358 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,378.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,262.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.02312
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,515,000.00
P & I AMT: 10,894.03
UPB AMT: 1,512,840.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030732366 MORTGAGORS: XXX XXXXX
XXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXXX
01 CITY : NEW BERN
STATE/ZIP : NC 28560
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,924.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030732382 MORTGAGORS: XXXX XXX
XXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXX
01 CITY : FREMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 261,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,940.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,031.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030732424 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXX
01 CITY : CUPERTINO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,420.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,045.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030732432 MORTGAGORS: XXX XXXXXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : PALO ALTO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 648,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 647,648.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,815.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.66467
------------------------------------------------------------------
0 0030732507 MORTGAGORS: HITO SAFWAN
HITO LAUREN
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : REDWOOD CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.74000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,091,000.00
P & I AMT: 15,460.12
UPB AMT: 2,088,580.35
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030732572 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXX
01 CITY : BERKELEY HEIGHTS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 261,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,732.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030732614 MORTGAGORS: XXXXXX XXXXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : FAYETTEVILLE
STATE/ZIP : NC 28304
MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,563.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,963.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030732721 MORTGAGORS: XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : PALO ALTO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,779.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,414.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.24565
------------------------------------------------------------------
0 0030732887 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX LAUREL
REGION CODE ADDRESS : 0000 XXXX XXXX
01 CITY : REDWOOD VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,091.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030732911 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 16842 KEHRSBROOKE COURT
01 CITY : CLARKSON VALLEY
STATE/ZIP : MO 63005
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,855.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,577.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.66600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,318,900.00
P & I AMT: 9,721.09
UPB AMT: 1,318,023.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030733109 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXX
01 CITY : SUNNYVALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,555.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030733125 MORTGAGORS: O'XXXX XXXXXXX
O'XXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXX
01 CITY : XXXXX XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 291,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,604.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,141.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 87.10400
------------------------------------------------------------------
0 0030733141 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 00000 X. XXXXXXXXXX XXXXX
01 CITY : VALENCIA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 273,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,922.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,981.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
------------------------------------------------------------------
0 0030733158 MORTGAGORS: REDDY XXXXXX
XXXXX XXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXX XXXXX XXX
01 CITY : HERNDON
STATE/ZIP : VA 20171
MORTGAGE AMOUNT : 259,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,012.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99300
------------------------------------------------------------------
0 0030733166 MORTGAGORS: DAVIDTZ EMBETH
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXXX
01 CITY : SANTA XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 263,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,417,900.00
P & I AMT: 10,290.06
UPB AMT: 1,416,694.85
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030733174 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX
01 CITY : BELMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 372,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 372,285.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,703.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030733273 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXX
01 CITY : HUNTINGTON BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,655.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030733281 MORTGAGORS: XXXXXX XXXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 290,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,009.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,130.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030733299 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 229,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,172.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.99600
------------------------------------------------------------------
0 0030733315 MORTGAGORS: XXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXXX
01 CITY : XXXXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 306,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,779.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,250.00
P & I AMT: 10,625.73
UPB AMT: 1,452,901.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030733323 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXX
01 CITY : LITTLETON
STATE/ZIP : CO 80125
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,822.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 48.18100
------------------------------------------------------------------
0 0030733331 MORTGAGORS: XXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXX
01 CITY : LA SELVA BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 292,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,208.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,171.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.96900
------------------------------------------------------------------
0 0030733349 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXXXX XXXXX
01 CITY : LAYTON
STATE/ZIP : UT 84040
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,602.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.59100
------------------------------------------------------------------
0 0030733430 MORTGAGORS: XXXX XXXXXXX
XXXX XXXX
REGION CODE ADDRESS : 00000 XXXXXXX XXXX XXXXXX
01 CITY : XXXXXX VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,818.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,841.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.55955
------------------------------------------------------------------
0 0030733604 MORTGAGORS: XXXXXXX XXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XXXXX XXXX
01 CITY : ORANGE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 289,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,555.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,126.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,150.00
P & I AMT: 10,171.01
UPB AMT: 1,391,007.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030733638 MORTGAGORS: XXXXXX XXXXX
XXXX XXXX
REGION CODE ADDRESS : 0000 XXXXX 00XX XXXXXX
01 CITY : ARLINGTON
STATE/ZIP : VA 22216
MORTGAGE AMOUNT : 305,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,242.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030734016 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXX
01 CITY : TROPHY CLUB
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,819.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.91100
------------------------------------------------------------------
0 0030734099 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXXX
01 CITY : XXXXXXX OAKS AREA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,052.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030734198 MORTGAGORS: POVICH E.
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX X.X.
01 CITY : WASHINGTON
STATE/ZIP : DC 20015
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,776.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 56.42800
------------------------------------------------------------------
0 0030734396 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : BAKERSFIELD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,849.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,372,600.00
P & I AMT: 10,043.45
UPB AMT: 1,372,045.30
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030734545 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 41 MALCOLM ROAD
01 CITY : MAHWAH
STATE/ZIP : NJ 07430
MORTGAGE AMOUNT : 282,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030734560 MORTGAGORS: BUSSE DAVID
BUSSE JOYCE
REGION CODE ADDRESS : 6462 OAKCREST DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 266,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 70.13100
------------------------------------------------------------------
0 0030734685 MORTGAGORS: LUH RAYMOND
LUH JENCHYN
REGION CODE ADDRESS : 93 DALMA DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94041
MORTGAGE AMOUNT : 280,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,529.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 71.06300
------------------------------------------------------------------
0 0030734701 MORTGAGORS: HOGAN JOHN
HOGAN JOAN
REGION CODE ADDRESS : 520 APPLE LANE
01 CITY : LOWER SALFORD TOWNSHIP
STATE/ZIP : PA 19438
MORTGAGE AMOUNT : 231,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,946.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,597.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98600
------------------------------------------------------------------
0 0030734735 MORTGAGORS: SYKES TYRONE
SYKES HELEN
REGION CODE ADDRESS : 1708 MALLARD COURT
01 CITY : UPPER MARLBORO
STATE/ZIP : MD 20772
MORTGAGE AMOUNT : 293,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,932.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,049.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.99100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,354,250.00
P & I AMT: 9,786.99
UPB AMT: 1,353,509.29
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 188
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030734750 MORTGAGORS: HAMILTON ERNEST
HAMILTON LUVENA
REGION CODE ADDRESS : 4509 NAGEL AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,035.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030734784 MORTGAGORS: KELLY TIMOTHY
KELLY MADELINE
REGION CODE ADDRESS : 1402 NEWFOUNDLAND DRIVE
01 CITY : SUNNYVALE,
STATE/ZIP : CA 94087
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,808.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 64.10200
------------------------------------------------------------------
0 0030734818 MORTGAGORS: CORONA RENE
CORONA JEANETTE
REGION CODE ADDRESS : 3694 MEADOWLANDS LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 444,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 443,533.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,220.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.46000
------------------------------------------------------------------
0 0030734826 MORTGAGORS: MOEBIUS MICHELLE
REGION CODE ADDRESS : 2612 N. POINSETTIA AVE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,614.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.53333
------------------------------------------------------------------
0 0030734834 MORTGAGORS: RAMOS ROMEO
RAMOS CARMINDA
REGION CODE ADDRESS : 2844 BAXTER
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,695.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,487,350.00
P & I AMT: 10,879.80
UPB AMT: 1,485,687.73
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 189
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030734875 MORTGAGORS: MILLER RONALD
MILLER CHARLENE
REGION CODE ADDRESS : 14 SENORA DRIVE
01 CITY : PASDENA
STATE/ZIP : MD 21122
MORTGAGE AMOUNT : 269,806.14 OPTION TO CONVERT :
UNPAID BALANCE : 269,277.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,075.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 67.45100
------------------------------------------------------------------
0 0030734941 MORTGAGORS: RABAGO JAMES
RABAGO NATALIE
REGION CODE ADDRESS : 1320 CLUB DRIVE
01 CITY : MERCED
STATE/ZIP : CA 95340
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,682.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 76.12900
------------------------------------------------------------------
0 0030734958 MORTGAGORS: BLAIR III THOMAS
BLAIR KATHLEEN
REGION CODE ADDRESS : 396 TOILSOME HILL ROAD,
01 CITY : FAIRFIELD,
STATE/ZIP : CT 06432
MORTGAGE AMOUNT : 247,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,449.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.27 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 84.00000
------------------------------------------------------------------
0 0030734966 MORTGAGORS: CROUSE WILLIAM
CROUSE JILL
REGION CODE ADDRESS : 56 EAST PERIWINKLE LANE
01 CITY : NEWARK
STATE/ZIP : DE 19711
MORTGAGE AMOUNT : 253,745.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,556.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030734974 MORTGAGORS: LUPPENS EDWARD
LUPPENS VIKII
REGION CODE ADDRESS : 8 WILLOW TREE DRIVE
01 CITY : MILLSTONE
STATE/ZIP : NJ 08691
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,478.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.36000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,357,351.14
P & I AMT: 9,804.28
UPB AMT: 1,355,444.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 190
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030734990 MORTGAGORS: FILIPCZYK ADAM
FILIPCZYK VICTORIA
REGION CODE ADDRESS : 1585 LAKEVIEW DRIVE
01 CITY : HILLSBOROUGH
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 510,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 509,630.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,609.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.66600
------------------------------------------------------------------
0 0030735005 MORTGAGORS: EISEN ANDREW
REGION CODE ADDRESS : 3687 WILLOW CREST AVENUE,
01 CITY : LOS ANGELES (STUDIO CITY
STATE/ZIP : CA 91604
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,605.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030735013 MORTGAGORS: SHERLOCK KENNETH
SHERLOCK MARY
REGION CODE ADDRESS : 2617 ZOLL LANE
01 CITY : WALDORF,
STATE/ZIP : MD 20601
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,638.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 73.13920
------------------------------------------------------------------
0 0030735021 MORTGAGORS: RAVELLA SUDHANSHU
RAVELLA SRIDEVI
REGION CODE ADDRESS : 1127 LANDERSET DRIVE
01 CITY : HERNDON
STATE/ZIP : VA 22070
MORTGAGE AMOUNT : 260,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,971.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,755.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 89.98400
------------------------------------------------------------------
0 0030735039 MORTGAGORS: WATSON RONALD
WATSON MARCIA
REGION CODE ADDRESS : 123 GREEN GABLES COURT
01 CITY : THE WOODLANDS
STATE/ZIP : TX 77382
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,681.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,522,600.00
P & I AMT: 10,685.60
UPB AMT: 1,520,526.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 191
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030735047 MORTGAGORS: BOURNE GAVIN
DAVIS LESLIE
REGION CODE ADDRESS : 1545 VINE STREET
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 387,436.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,746.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030735054 MORTGAGORS: GARFIELD CRAIG
GARFIELD LISA
REGION CODE ADDRESS : 43 YALE DRIVE
01 CITY : RICHBORO
STATE/ZIP : PA 18954
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,693.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.10300
------------------------------------------------------------------
0 0030735062 MORTGAGORS: WONG ANDREW
WONG JULIE
REGION CODE ADDRESS : 1475 KENSINGTON ROAD
01 CITY : SAN MARINO
STATE/ZIP : CA 91108
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,490.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 48.64800
------------------------------------------------------------------
0 0030735070 MORTGAGORS: CAINE JACK
GODWIN SANDRA
REGION CODE ADDRESS : 24671 ASHLAND DRIVE
01 CITY : LAGUNA HILLS
STATE/ZIP : CA 92653
MORTGAGE AMOUNT : 229,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,042.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.88200
------------------------------------------------------------------
0 0030735088 MORTGAGORS: MARKARIAN ARMEN
MARKARIAN JEAN
REGION CODE ADDRESS : 10274 KINCARDINE AVENUE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90064
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,820.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,826.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.11900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,482,200.00
P & I AMT: 10,562.09
UPB AMT: 1,480,482.35
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 192
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030735104 MORTGAGORS: HELGESEN SCOTT
HELGESEN SANDRA
REGION CODE ADDRESS : 1405 NARCISCO STREET NE
01 CITY : ALBUQUERQUE
STATE/ZIP : NM 87112
MORTGAGE AMOUNT : 229,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,601.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.37600
------------------------------------------------------------------
0 0030735112 MORTGAGORS: LANE JAMES
LANE CAREY
REGION CODE ADDRESS : 4509 WINDING OAK DRIVE
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 278,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,403.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98644
------------------------------------------------------------------
0 0030735179 MORTGAGORS: KEARNEY BEVERLY
FREEMAN MICHELLE
REGION CODE ADDRESS : 6409 ADEN LANE
01 CITY : AUSTIN
STATE/ZIP : TX 78739
MORTGAGE AMOUNT : 241,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,650.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030735245 MORTGAGORS: PEARLMAN JAY
PEARLMAN LOU
REGION CODE ADDRESS : 13902 WILDE FOREST
01 CITY : SUGAR LAND
STATE/ZIP : TX 77478
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030735302 MORTGAGORS: GREENE RICK
GREENE RHONDA
REGION CODE ADDRESS : 200 HILLCREST LANE
01 CITY : ROCK SPRINGS
STATE/ZIP : WY 82901
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,860.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,710.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,234,250.00
P & I AMT: 8,922.11
UPB AMT: 1,233,730.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 193
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030735328 MORTGAGORS: ARANGO PETER
ARANGO NORMA
REGION CODE ADDRESS : 2255 EAST RANCHO CULEBRA DRIVE
01 CITY : COVINA
STATE/ZIP : CA 91724
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,338.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,904.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.89300
------------------------------------------------------------------
0 0030735369 MORTGAGORS: KUBAS JON
KUBAS AMY
REGION CODE ADDRESS : 7802 OXFORDSHIRE DRIVE
01 CITY : SPRING
STATE/ZIP : TX 77379
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,832.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030735385 MORTGAGORS: BARRETT CURTISS
BARRETT LOIS
REGION CODE ADDRESS : 12791 MILLCREEK DRIVE
01 CITY : LUSBY
STATE/ZIP : MD 20657
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,804.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.88100
------------------------------------------------------------------
0 0030735625 MORTGAGORS: GROTE WILLIAM
REGION CODE ADDRESS : 3842 NORTH RIVER STREET
01 CITY : ARLINGTON
STATE/ZIP : VA 22207
MORTGAGE AMOUNT : 360,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,239.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,551.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 70.00000
------------------------------------------------------------------
0 0030735641 MORTGAGORS: FIELDS R.
FIELDS MELANIE
REGION CODE ADDRESS : 14304 ROYAL FOREST LANE
01 CITY : SILVER SPRING
STATE/ZIP : MD 20905
MORTGAGE AMOUNT : 317,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 317,226.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,221.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,445,700.00
P & I AMT: 10,357.70
UPB AMT: 1,444,441.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 194
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030735740 MORTGAGORS: HATFIELD GREGORY
HATFIELD SHEREE
REGION CODE ADDRESS : 2141 STERLING ROSE LANE
01 CITY : FARGO
STATE/ZIP : ND 58103
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,671.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,856.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.72900
------------------------------------------------------------------
0 0030735757 MORTGAGORS: GRAHAM MARK
GRAHAM LINDA
REGION CODE ADDRESS : 1772 ENGLISH RD
01 CITY : ROCKWALL
STATE/ZIP : TX 75087
MORTGAGE AMOUNT : 266,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,841.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.90700
------------------------------------------------------------------
0 0030735773 MORTGAGORS: AUDLEY DAVE
VERTOVEC ANN
REGION CODE ADDRESS : 335 BRIAR LANE
01 CITY : LAKE BLUFF
STATE/ZIP : IL 60044
MORTGAGE AMOUNT : 419,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 418,435.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,074.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.76700
------------------------------------------------------------------
0 0030735781 MORTGAGORS: KIMBROUGH JOHN
KIMBROUGH BRENDA
REGION CODE ADDRESS : 4405 BUNKER HILL RD
01 CITY : COOKEVILLE
STATE/ZIP : TN 38506
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,351.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030735799 MORTGAGORS: MILTON DORIS
REGION CODE ADDRESS : 105 W HARMONT DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85021
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,340.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,700.00
P & I AMT: 10,240.98
UPB AMT: 1,390,641.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 195
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030735864 MORTGAGORS: EFSTATHIOS EMANUEL
EFSTATHIOS MARISA
REGION CODE ADDRESS : 15 DICKENS DRIVE
01 CITY : WEST WINDSOR TOWNSHIP
STATE/ZIP : NJ 08550
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,542.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.82500
------------------------------------------------------------------
0 0030735872 MORTGAGORS: JAGROOP DEBIDYAL
JAGROOP CHANDRALEKHA
REGION CODE ADDRESS : 1070 NORTHERN BOULEVARD
01 CITY : BALDWIN HARBOR
STATE/ZIP : NY 11510
MORTGAGE AMOUNT : 220,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,145.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,733.89 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030735880 MORTGAGORS: ECHOLS ANDREW
ECHOLS CATHERINE
REGION CODE ADDRESS : 6538 FARM ROAD 2354
01 CITY : BAYTOWN
STATE/ZIP : TX 77520
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,438.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.76600
------------------------------------------------------------------
0 0030735898 MORTGAGORS: MARCINKOWSKI JACEK
MARCINKOWSKI KINGA
REGION CODE ADDRESS : 1604 W 27TH STREET
01 CITY : SAN PEDRO
STATE/ZIP : CA 90732
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,849.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,707.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.66600
------------------------------------------------------------------
0 0030735906 MORTGAGORS: SEELMAN ROBERT
REGION CODE ADDRESS : 7835 STEEPLECHASE DR
01 CITY : PALM BEACH GARDENS
STATE/ZIP : FL 33418
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,620.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,324,400.00
P & I AMT: 9,773.82
UPB AMT: 1,322,596.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 196
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030735922 MORTGAGORS: FITZGERALD THOMAS
FITZGERALD PATRICIA
REGION CODE ADDRESS : 1099 FIRST STREET #104
01 CITY : CORONADO
STATE/ZIP : CA 92118
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.82900
------------------------------------------------------------------
0 0030735930 MORTGAGORS: STOKES STEPHEN
STOKES SUSAN
REGION CODE ADDRESS : 15360 CHERRYWOOD DRIVE
01 CITY : RENO
STATE/ZIP : NV 89511
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,822.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.48000
------------------------------------------------------------------
0 0030735955 MORTGAGORS: SONI AUNALI
SONI RASHIDA
REGION CODE ADDRESS : 1307 OLIVE LANE,
01 CITY : LA CANADA-FLINTRIDGE,
STATE/ZIP : CA 91011
MORTGAGE AMOUNT : 325,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 325,375.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,360.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030735997 MORTGAGORS: TOMASSIAN SERGE
REGION CODE ADDRESS : 2101 VALLEJO DRIVE
01 CITY : TUSTIN
STATE/ZIP : CA 92782
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,824.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,989.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030736003 MORTGAGORS: BURNS WILLIAM
BURNS SUSAN
REGION CODE ADDRESS : 1537 GREENRIDGE DRIVE
01 CITY : VISTA
STATE/ZIP : CA 92083
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,563.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,466,600.00
P & I AMT: 10,676.97
UPB AMT: 1,465,172.35
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 197
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030736011 MORTGAGORS: PECTOL ERROL
REGION CODE ADDRESS : 3474 FLOYD TERRACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90068
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,809.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,008.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.86400
------------------------------------------------------------------
0 0030736029 MORTGAGORS: GRAY BRADLEY
GRAY JULIE
REGION CODE ADDRESS : 2203 GRISWOLD LANE
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,273.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,196.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 76.05200
------------------------------------------------------------------
0 0030736037 MORTGAGORS: JEDRZIEWSKI RICHARD
JEDRZIEWSKI TERESA
REGION CODE ADDRESS : 1537 EAST YALE AVE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84105
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,676.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 61.53800
------------------------------------------------------------------
0 0030736045 MORTGAGORS: WELCH HENRY
WELCH LINDA
REGION CODE ADDRESS : 2644 HOUSER RD
01 CITY : KNOXVILLE
STATE/ZIP : TN 37919
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,448.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,118.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.49000
------------------------------------------------------------------
0 0030736052 MORTGAGORS: STEWART RANDY
REGION CODE ADDRESS : 5001 OLD OAK LAND
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,130.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,266.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 66.97100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,666,000.00
P & I AMT: 12,351.57
UPB AMT: 1,663,339.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 198
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030736060 MORTGAGORS: GOMEZ LAURENCE
REGION CODE ADDRESS : 1036 N LA JOLLA
01 CITY : W HOLLYWOOD
STATE/ZIP : CA 90046
MORTGAGE AMOUNT : 286,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,126.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030736078 MORTGAGORS: DAVIS ROBERT
DAVIS CINDY
REGION CODE ADDRESS : 3091 SOUTH PONTE VEDRA BOULEVARD
01 CITY : PONTE VEDRA BEACH
STATE/ZIP : FL 32082
MORTGAGE AMOUNT : 216,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,099.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,628.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030736094 MORTGAGORS: MYERS BRUCE
REGION CODE ADDRESS : 42 CARTERS BRIDGE ROAD
01 CITY : PLYMOUTH
STATE/ZIP : MA 02360
MORTGAGE AMOUNT : 220,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,749.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,619.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 94.96500
------------------------------------------------------------------
0 0030736102 MORTGAGORS: HULL DALE
HULL PAMELA
REGION CODE ADDRESS : 5564 RED FERN RUN
01 CITY : LITTLETON
STATE/ZIP : CO 80125
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,656.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 52.68500
------------------------------------------------------------------
0 0030736128 MORTGAGORS: ZEHNDER TIM
ZEHNDER FRANCY
REGION CODE ADDRESS : 10610 WEST COOPER PLACE
01 CITY : LITTLETON
STATE/ZIP : CO 80127
MORTGAGE AMOUNT : 236,533.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,382.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.99900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,215,433.00
P & I AMT: 9,022.78
UPB AMT: 1,213,287.96
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 199
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030736136 MORTGAGORS: SMART JOHN
SMART DEBRA
REGION CODE ADDRESS : 1009 BENTON HARBOR BLVD,
01 CITY : MT.JULIET
STATE/ZIP : TN 37122
MORTGAGE AMOUNT : 335,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,892.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,578.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 88.93800
------------------------------------------------------------------
0 0030736144 MORTGAGORS: BULATAO IMELDA
MAGAT DANILO
REGION CODE ADDRESS : 1658 KEVIN DRIVE
01 CITY : BETHLEHEM
STATE/ZIP : PA 18015
MORTGAGE AMOUNT : 319,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,080.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030736169 MORTGAGORS: HORTON GEORGE
HORTON FRANCES
REGION CODE ADDRESS : 24676 PASEO DE TORONTO
01 CITY : YORBA LINDA
STATE/ZIP : CA 92887
MORTGAGE AMOUNT : 356,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 356,393.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,680.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030736193 MORTGAGORS: PACK JOHN
PACK CARMEN
REGION CODE ADDRESS : 9249 BURTON WAY # 204
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,361.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030736243 MORTGAGORS: LALLEY THOMAS
KELLY PATRICIA
REGION CODE ADDRESS : 61 NEWELL DRIVE
01 CITY : BERNARDS
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,352.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,552,900.00
P & I AMT: 11,718.51
UPB AMT: 1,551,079.85
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 200
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030736250 MORTGAGORS: PETERSON THOMAS
CARBORONARO JUDITH
REGION CODE ADDRESS : 5815 PILAR COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,838.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,976.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 69.89200
------------------------------------------------------------------
0 0030736268 MORTGAGORS: THOMPSON ROBERT
MARTIN ANN
REGION CODE ADDRESS : 1485 DWIGHT DRIVE
01 CITY : GLENDALE
STATE/ZIP : CA 91207
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,767.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,643.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030736284 MORTGAGORS: DADA OWAIS
DADA TASNEEM
REGION CODE ADDRESS : 3287 MONTIERRA PLACE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 262,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,164.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98700
------------------------------------------------------------------
0 0030736292 MORTGAGORS: SUNG SONG-MEI
LEE YEOU
REGION CODE ADDRESS : 14760 E. ORANGE GROVE AVE
01 CITY : HACIENDA HEIGHTS
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,555.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,916.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 62.50000
------------------------------------------------------------------
0 0030736300 MORTGAGORS: FOXX KEVIN
FOXX LAURIE
REGION CODE ADDRESS : 293 BRYN MAWR CIRCLE
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,585.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,523.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 68.45360
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,585,350.00
P & I AMT: 11,939.15
UPB AMT: 1,583,911.78
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 201
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030736425 MORTGAGORS: BALDRIDGE JAMES
BALDRIDGE CATHERINE
REGION CODE ADDRESS : 2418 CROSS STREET
01 CITY : LA CRESCENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,852.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.94 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030736441 MORTGAGORS: SHANAHAN GLENN
SHANAHAN KELLY
REGION CODE ADDRESS : 1216 TURNBERRY COURT
01 CITY : PASADENA
STATE/ZIP : MD 21122
MORTGAGE AMOUNT : 284,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,223.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,161.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030736508 MORTGAGORS: SMOTHERS THOMAS
GATES ANN
REGION CODE ADDRESS : 11154 KNIGHTS COURT
01 CITY : GRASS VALLEY
STATE/ZIP : CA 95945
MORTGAGE AMOUNT : 299,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,788.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,142.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.66666
------------------------------------------------------------------
0 0030736565 MORTGAGORS: YOKUBYTIS JOHN
YOKUBYTIS BRENDA
REGION CODE ADDRESS : 16302 SKYRIDGE DRIVE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92503
MORTGAGE AMOUNT : 222,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,609.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 83.77300
------------------------------------------------------------------
0 0030736664 MORTGAGORS: DOLAN THOMAS
DOLAN LANE
REGION CODE ADDRESS : 1756 LAS PALMITAS STREET
01 CITY : SOUTH PASADENA
STATE/ZIP : CA 91030
MORTGAGE AMOUNT : 343,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 342,963.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,488.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,600.00
P & I AMT: 10,144.77
UPB AMT: 1,379,828.06
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 202
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030736680 MORTGAGORS: LAPKOFF CLIFFORD
REGION CODE ADDRESS : 6 RICHVIEW COURTS
01 CITY : ROCKVILLE
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,685.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.17400
------------------------------------------------------------------
0 0030736698 MORTGAGORS: O'KEEFE WILLIAM
REGION CODE ADDRESS : 2906 BLOSSOM LANE
01 CITY : REDONDO BEACH
STATE/ZIP : CA 90278
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,803.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,991.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.93600
------------------------------------------------------------------
0 0030736706 MORTGAGORS: HOUSTON RICHARD
HOUSTON MARIA
REGION CODE ADDRESS : 411 SOUTH BEECHTREE COURT
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 262,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,937.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,905.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 04/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030736748 MORTGAGORS: JOE JOHN
JOE ELBERTA
REGION CODE ADDRESS : 46 FOUNDERS WAY
01 CITY : DOWNINGTOWN
STATE/ZIP : PA 19335
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,795.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,929.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.74300
------------------------------------------------------------------
0 0030736755 MORTGAGORS: LITTLE MARK
LOUIE STACY
REGION CODE ADDRESS : 721 BELL RUSSEL WAY
01 CITY : SACRAMENTO
STATE/ZIP : CA 95831
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,524.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,494.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,387,800.00
P & I AMT: 10,006.67
UPB AMT: 1,385,061.02
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 203
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030736813 MORTGAGORS: SYMON JEFFREY
MONAGAS-SYMON ANNETTE
REGION CODE ADDRESS : 2450 VISTA LAGO TERRACE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,321.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030736896 MORTGAGORS: GANGLOFF JOSEPH
GANGLOFF DONNA
REGION CODE ADDRESS : 1220 EDGEVALE ROAD
01 CITY : SILVER SPRING
STATE/ZIP : MD 20910
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,771.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030736920 MORTGAGORS: DESPENZA RONALD
DESPENZA GISELE
REGION CODE ADDRESS : 4872 STAVANGER LANE
01 CITY : LAS VEGAS
STATE/ZIP : NV 89117
MORTGAGE AMOUNT : 265,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,534.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99400
------------------------------------------------------------------
0 0030736995 MORTGAGORS: KUNICHIKA BRUCE
KUNICHIKA NATALIE
REGION CODE ADDRESS : 7872 COLGATE AVENUE
01 CITY : WESTMINSTER
STATE/ZIP : CA 92683
MORTGAGE AMOUNT : 224,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,045.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,625.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030737001 MORTGAGORS: SNYDER KENNETH
SNYDER LYNN
REGION CODE ADDRESS : 201 HILLCREST ROAD
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,788.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,311.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.41370
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,400.00
P & I AMT: 10,374.51
UPB AMT: 1,406,462.21
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 204
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030737027 MORTGAGORS: WISELEY MARY
REGION CODE ADDRESS : 340 GROVE AVENUE
01 CITY : METUCHEN
STATE/ZIP : NJ 08840
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,853.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,663.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030737050 MORTGAGORS: WALKER DANIEL
WALKER KATHY
REGION CODE ADDRESS : 5316 WEST ELECTRA LANE
01 CITY : GLENDALE
STATE/ZIP : AZ 85310
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,837.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.68700
------------------------------------------------------------------
0 0030737076 MORTGAGORS: TYRCOTTE JEFFREY
TYRCOTTE CAROL
REGION CODE ADDRESS : 662 DAVIT LANE
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94065
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,491.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,773.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030737100 MORTGAGORS: HOWARD JOAN
REGION CODE ADDRESS : 11241 LOOKOUT ROAD
01 CITY : LONGMONT
STATE/ZIP : CO 80501
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,825.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030737134 MORTGAGORS: POE JANE
REGION CODE ADDRESS : 1581 BLAKCOMB COURT
01 CITY : EVERGREEN
STATE/ZIP : CO 80439
MORTGAGE AMOUNT : 432,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,203.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,057.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,549,000.00
P & I AMT: 11,318.02
UPB AMT: 1,547,210.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 205
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030737142 MORTGAGORS: JACK JOHN
JACK SUSAN
REGION CODE ADDRESS : 18 WARRENS WAY,
01 CITY : TIBURON,
STATE/ZIP : CA 94920
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,587.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,350.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 43.01075
------------------------------------------------------------------
0 0030737183 MORTGAGORS: SPITLER BRIAN
REGION CODE ADDRESS : 6610 EAST SMOKE TREE AVE.
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,314.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,104.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030737316 MORTGAGORS: DESEVE DAVID
KING KENNETH
REGION CODE ADDRESS : 1532 O STREET NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20036
MORTGAGE AMOUNT : 284,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,718.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,140.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99800
------------------------------------------------------------------
0 0030737324 MORTGAGORS: CALDWELL JEFFREY
CALDWELL CHERI
REGION CODE ADDRESS : 5273 BALLYCASTLE CIRCLE
01 CITY : ALEXANDRIA
STATE/ZIP : VA 22315
MORTGAGE AMOUNT : 280,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,247.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99500
------------------------------------------------------------------
0 0030737381 MORTGAGORS: LANZAT MISHA
LANZAT CARLOTTA
REGION CODE ADDRESS : 1013 16TH STREET
01 CITY : SANTA MONICA
STATE/ZIP : CA 90403
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,840.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.25000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,692,850.00
P & I AMT: 12,392.47
UPB AMT: 1,691,707.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 206
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030737423 MORTGAGORS: SNOW STANLEY
REGION CODE ADDRESS : 8504 BELLS RIDGE TERRACE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,833.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030737449 MORTGAGORS: BENYAMIN SAIED
BENYAMIN AZITA
REGION CODE ADDRESS : 6321 DESERT FLAME DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 268,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,615.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030737472 MORTGAGORS: MC INTOSH DENNIS
MC INTOSH GLORIA
REGION CODE ADDRESS : 8050 SONOMA HIGHWAY
01 CITY : SANTA ROSA
STATE/ZIP : CA 95409
MORTGAGE AMOUNT : 362,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,744.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,593.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.40000
------------------------------------------------------------------
0 0030737480 MORTGAGORS: COUGHLIN JAMES
COUGHLIN ZENNIE
REGION CODE ADDRESS : 4028 BROWNING DRIVE
01 CITY : CONCORD
STATE/ZIP : CA 94520
MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,012.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,132.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.33700
------------------------------------------------------------------
0 0030737514 MORTGAGORS: LYNCH RICHARD
LYNCH SUSAN
REGION CODE ADDRESS : 15 KATO DRIVE
01 CITY : SUDBURY
STATE/ZIP : MA 01776
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 54.90100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,434,000.00
P & I AMT: 10,395.78
UPB AMT: 1,433,205.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 207
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030737555 MORTGAGORS: MERRILL STEPHEN
MERRILL DENICE
REGION CODE ADDRESS : 31302 AVENIDA MADRID
01 CITY : SAN JUAN
STATE/ZIP : CA 92619
MORTGAGE AMOUNT : 276,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,554.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,982.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98700
------------------------------------------------------------------
0 0030737563 MORTGAGORS: BONAVENTURE ROBERT
BONAVENTURE THERESA
REGION CODE ADDRESS : 622 POWERS DRIVE
01 CITY : EL DORADO HILLS
STATE/ZIP : CA 95762
MORTGAGE AMOUNT : 279,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,126.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,122.88 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030737647 MORTGAGORS: WILLIAMS PHILLIP
REGION CODE ADDRESS : 16509 KILBY COURT
01 CITY : UPPER MARLBORO
STATE/ZIP : MD 20772
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,561.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,984.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030737746 MORTGAGORS: NIELSEN STEVE
NIELSEN CHERYL
REGION CODE ADDRESS : 1200 GOLD STRIKE ROAD
01 CITY : PLACERVILLE
STATE/ZIP : CA 95667
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030737753 MORTGAGORS: HELMKE RICHARD
HELMKE KAREN
REGION CODE ADDRESS : POWDER HILL
01 CITY : BEDFORD
STATE/ZIP : NH 03110
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,140.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,872.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 08/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 65.39509
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,325,800.00
P & I AMT: 9,863.55
UPB AMT: 1,324,383.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 208
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030737811 MORTGAGORS: PETTY STEPHEN
PETTY SANDRA
REGION CODE ADDRESS : 11725 VAIL COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 221,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 220,859.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.60500
------------------------------------------------------------------
0 0030737936 MORTGAGORS: FISH ELLIOT
FISH LAURIE
REGION CODE ADDRESS : 1334 SAN CARLOS ROAD
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,713.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 42.03300
------------------------------------------------------------------
0 0030737951 MORTGAGORS: OSBORNE JAMES
OSBORNE LOAN
REGION CODE ADDRESS : 1550 FORDHAM WAY
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,852.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,808.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 55.34800
------------------------------------------------------------------
0 0030737969 MORTGAGORS: CHRISTIE THOMAS
CHRISTIE CLARE
REGION CODE ADDRESS : 1921 MONON STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90027
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,776.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030738082 MORTGAGORS: HOPELAIN RICK
HOPELAIN JUDY
REGION CODE ADDRESS : 323 MOLINO AVENUE
01 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,776.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,356.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 52.33400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,280,000.00
P & I AMT: 9,336.53
UPB AMT: 1,277,201.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 209
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030738157 MORTGAGORS: OLSON CARL
KING-OLSON DEBORAH
REGION CODE ADDRESS : 15726 60TH AVENUE WEST
01 CITY : EDMONDS
STATE/ZIP : WA 98026
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,847.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030738165 MORTGAGORS: DIPPEL JOHN
REGION CODE ADDRESS : 10611 NORTHEAST 60TH STREET
01 CITY : KIRKLAND
STATE/ZIP : WA 98033
MORTGAGE AMOUNT : 277,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,104.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,986.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.99800
------------------------------------------------------------------
0 0030738314 MORTGAGORS: KOHANTEB HIRBOD
REGION CODE ADDRESS : 5414 SYLVIA AVENUE
01 CITY : TARZANA
STATE/ZIP : CA 91356
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,849.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.64100
------------------------------------------------------------------
0 0030738322 MORTGAGORS: MONTAG JEFFREY
BYERLY LISA
REGION CODE ADDRESS : 23854 DEL CERRO CIRCLE
01 CITY : WEST HILLS
STATE/ZIP : CA 91304
MORTGAGE AMOUNT : 232,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,238.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,662.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.97800
------------------------------------------------------------------
0 0030738348 MORTGAGORS: SALES DEAN
REGION CODE ADDRESS : 3310 PAPPANI WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 241,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,533.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,204,100.00
P & I AMT: 8,725.86
UPB AMT: 1,201,572.65
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 210
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030738355 MORTGAGORS: DOMINGO ELMER
PENA-DOMINGO ESTER
REGION CODE ADDRESS : 21189 TIMCO WAY
01 CITY : CASTRO VALLEY
STATE/ZIP : CA 94552
MORTGAGE AMOUNT : 230,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,456.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.73 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99400
------------------------------------------------------------------
0 0030738363 MORTGAGORS: SIEBRASS RONALD
SIEBRASS KAREN
REGION CODE ADDRESS : 9230 63RD PLACE WEST
01 CITY : MUKILTEO
STATE/ZIP : WA 98275
MORTGAGE AMOUNT : 217,255.10 OPTION TO CONVERT :
UNPAID BALANCE : 216,958.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,709.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 06/01/25
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 65.83400
------------------------------------------------------------------
0 0030738371 MORTGAGORS: CAJAYON JUANITO
CAJAYON MIGUELA
REGION CODE ADDRESS : 2447 ARTIC FOX WAY
01 CITY : RESTON
STATE/ZIP : VA 22091
MORTGAGE AMOUNT : 258,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,005.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,784.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 93.18400
------------------------------------------------------------------
0 0030738389 MORTGAGORS: STONE PETER
STONE LISA
REGION CODE ADDRESS : 14509 DEERCROSS PLACE
01 CITY : LOUISVILLE
STATE/ZIP : KY 40245
MORTGAGE AMOUNT : 232,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,461.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030738397 MORTGAGORS: TRAFTON DARREN
TRAFTON DEBORA
REGION CODE ADDRESS : 532 PINEDALE DRIVE
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,700.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,692.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,167,055.10
P & I AMT: 8,587.19
UPB AMT: 1,165,583.70
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 211
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030738405 MORTGAGORS: DUNN WILLIAM
REGION CODE ADDRESS : 18506 VIBURNUM WAY
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 230,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,037.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,649.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.93000
------------------------------------------------------------------
0 0030738413 MORTGAGORS: BARNHART KEITH
BARNHART CONNIE
REGION CODE ADDRESS : 696 NORTH DONNER HILL CIRCLE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84108
MORTGAGE AMOUNT : 328,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,679.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,413.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.38823
------------------------------------------------------------------
0 0030738421 MORTGAGORS: ADAMS ANDREW
REGION CODE ADDRESS : 1490 REDWOOD AVENUE
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,824.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,915.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.38300
------------------------------------------------------------------
0 0030738488 MORTGAGORS: HILTON WILLIAM
HILTON RONDA
REGION CODE ADDRESS : 3521 CHEECHAKO CIRCLE SOUTH
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 347,530.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,530.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,580.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99900
------------------------------------------------------------------
0 0030738843 MORTGAGORS: PULLEY BRETT
PULLEY STACEY
REGION CODE ADDRESS : 478 BERKELEY AVENUE
01 CITY : SOUTH ORANGE
STATE/ZIP : NJ 07079
MORTGAGE AMOUNT : 278,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,981.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 94.99600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,445,780.00
P & I AMT: 10,696.82
UPB AMT: 1,445,053.20
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 212
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030738876 MORTGAGORS: GARRETT SANFORD
GARRETT PAMELA
REGION CODE ADDRESS : 4 HASBROUCK DRIVE
01 CITY : FRANKLIN PARK
STATE/ZIP : NJ 08823
MORTGAGE AMOUNT : 298,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,389.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,139.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 88.35400
------------------------------------------------------------------
0 0030739072 MORTGAGORS: STEINBROOK ROD
KURACHI-STEINBROOK NANCY
REGION CODE ADDRESS : 516 13TH STREET
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 335,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,468.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,434.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.08600
------------------------------------------------------------------
0 0030739122 MORTGAGORS: LEO POMING
REGION CODE ADDRESS : 15592 SUNBURST LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,846.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,803.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.84600
------------------------------------------------------------------
0 0030739155 MORTGAGORS: BEDNARCZKY MARK
REGION CODE ADDRESS : 804 SEVELY DRIVE
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94041
MORTGAGE AMOUNT : 336,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,618.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,442.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 87.49300
------------------------------------------------------------------
0 0030739163 MORTGAGORS: DANIELS CYNTHIA
DANIELS DANNY
REGION CODE ADDRESS : 35590 SE SNUFFIN ROAD
01 CITY : ESTACADA
STATE/ZIP : OR 97023
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,845.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,150.00
P & I AMT: 10,450.13
UPB AMT: 1,435,168.50
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 213
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030739171 MORTGAGORS: SCHWENDIMAN MARK
SCHWENDIMAN TAMI
REGION CODE ADDRESS : 2203 EAST SOMERSET DRIVE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84121
MORTGAGE AMOUNT : 239,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,550.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,823.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99009
------------------------------------------------------------------
0 0030739254 MORTGAGORS: CASTILLA JOSE
REGION CODE ADDRESS : 13040 HILLSIDE DRIVE
01 CITY : TRUCKEE
STATE/ZIP : CA 96161
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,842.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,724.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.66101
------------------------------------------------------------------
0 0030739296 MORTGAGORS: GERSTENFELD NORMA
REGION CODE ADDRESS : 629 ROSEIR ROAD
01 CITY : FT WASHINGTON
STATE/ZIP : MD 20744
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,805.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,566.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030739387 MORTGAGORS: MCGOLDRICK JOHN
MCGOLDRICK PATRICIA
REGION CODE ADDRESS : 11349 EAST CAROL AVENUE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,791.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,553.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 74.00800
------------------------------------------------------------------
0 0030739486 MORTGAGORS: SOURDIS ALVARO
SOURDIS BEATRIZ
REGION CODE ADDRESS : 15574 SW 114TH STREET
01 CITY : MIAMI
STATE/ZIP : FL 33196
MORTGAGE AMOUNT : 229,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,745.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,686.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,750.00
P & I AMT: 10,354.86
UPB AMT: 1,369,735.19
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 214
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030739494 MORTGAGORS: MACHNICK GRADY
MACHNICK DEBORAH
REGION CODE ADDRESS : 1742 ROCKY ROAD
01 CITY : FULLERTON
STATE/ZIP : CA 92831
MORTGAGE AMOUNT : 299,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,867.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,248.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030739502 MORTGAGORS: HARTMAN WILLIAM
HARTMAN DANA
REGION CODE ADDRESS : 2606 SARATOGA
01 CITY : MC KINNEY
STATE/ZIP : TX 75070
MORTGAGE AMOUNT : 338,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 338,343.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,486.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.71760
------------------------------------------------------------------
0 0030739510 MORTGAGORS: RUSCHHAUPT RICHARD
RUSCHHAUPT SALLY
REGION CODE ADDRESS : 3405 TWIN LAKES WAY
01 CITY : PLANO
STATE/ZIP : TX 75093
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,326.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,668.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.87000
------------------------------------------------------------------
0 0030739528 MORTGAGORS: MC CLAIN JAMES
MC CLAIN SUSAN
REGION CODE ADDRESS : 8526 FOREST STREET,
01 CITY : ANNANDALE
STATE/ZIP : VA 22003
MORTGAGE AMOUNT : 244,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,737.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 63.38960
------------------------------------------------------------------
0 0030739536 MORTGAGORS: STODDART WENDELL
STODDART JOAN
REGION CODE ADDRESS : 9726 RUSKIN CIRCLE
01 CITY : SANDY
STATE/ZIP : UT 84092
MORTGAGE AMOUNT : 302,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,102.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,246.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 77.56410
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,684,600.00
P & I AMT: 12,482.53
UPB AMT: 1,682,378.19
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 215
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030739544 MORTGAGORS: LAAUWE KAREN
REGION CODE ADDRESS : 7535 ROME BLVD
01 CITY : LAS VEGAS
STATE/ZIP : NV 89131
MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,872.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,056.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030739551 MORTGAGORS: STROUD JAMES
STROUD WANDA
REGION CODE ADDRESS : 16161 SKY RANCH ROAD
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91351
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,518.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,824.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030739569 MORTGAGORS: LEYERLE MARK
LEYERLE SHANNON
REGION CODE ADDRESS : 5306 MAHOGANY CREEK COURT
01 CITY : SPRING
STATE/ZIP : TX 77379
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,660.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030739577 MORTGAGORS: SAMUELSON MARK
SAMUELSON PAMELA
REGION CODE ADDRESS : 214 CALCITA DRIVE
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,569.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,342.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.98500
------------------------------------------------------------------
0 0030739817 MORTGAGORS: SHERMAN MARK
HAMILTON FRAN
REGION CODE ADDRESS : 3062 4TH STREET
01 CITY : BOULDER
STATE/ZIP : CO 80304
MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,011.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,914.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,502,450.00
P & I AMT: 10,987.17
UPB AMT: 1,500,632.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 216
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030739858 MORTGAGORS: JAN ARTHUR
JEONG BESS
REGION CODE ADDRESS : 3431 SAGAMORE DRIVE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92649
MORTGAGE AMOUNT : 532,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 531,624.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,811.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030739940 MORTGAGORS: LEHMANN JOHN
LEHMANN SUSAN
REGION CODE ADDRESS : 28 CLUBHOUSE ROAD
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,236.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,773.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030739965 MORTGAGORS: GARCIA EDUARDO
GARCIA MARTHA
REGION CODE ADDRESS : 1219 CORONET DRIVE
01 CITY : RIVERSIDE
STATE/ZIP : CA 92506
MORTGAGE AMOUNT : 457,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 457,208.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,437.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 83.18100
------------------------------------------------------------------
0 0030739981 MORTGAGORS: PIERANTOZZI ANTHONY
PIERANTOZZI DONNA
REGION CODE ADDRESS : 19 PALMER DR
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 291,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,887.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,086.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.88500
------------------------------------------------------------------
0 0030740021 MORTGAGORS: ROSENDIN MICHAEL
ROSENDU STELLA
REGION CODE ADDRESS : 13506 DEER TRAIL CT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 770,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 769,983.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,653.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 015
LTV : 58.37100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,433,800.00
P & I AMT: 17,762.31
UPB AMT: 2,431,940.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 217
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030740047 MORTGAGORS: CHEN CHING-FONG
CHEN MEEI-YIN
REGION CODE ADDRESS : 45120 PAWNEE DRIVE
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,825.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,050.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 67.40740
------------------------------------------------------------------
0 0030740054 MORTGAGORS: TIENE KEVIN
FINN KATHLEEN
REGION CODE ADDRESS : 21361 MILFORD DRIVE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 353,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 353,350.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,533.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740062 MORTGAGORS: GROSKOPF RONALD
GROSKOPF JUDITH
REGION CODE ADDRESS : 1759 DENMARK STREET
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,816.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 60.21505
------------------------------------------------------------------
0 0030740070 MORTGAGORS: TEACHOUT THOMAS
TEACHOUT KATHLEEN
REGION CODE ADDRESS : 29150 RIDGEVIEW RD
01 CITY : FORESTHILL
STATE/ZIP : CA 95631
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,842.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,999.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740096 MORTGAGORS: RUCKER STEVEN
RUCKER CATHERINE
REGION CODE ADDRESS : 16 MARGORY COURT
01 CITY : NOVATO
STATE/ZIP : CA 94947
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,681.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,804.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,409,600.00
P & I AMT: 10,466.65
UPB AMT: 1,408,516.68
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 218
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030740112 MORTGAGORS: PERVAIZ NADEEM
PERVAIZ SEEMA
REGION CODE ADDRESS : 3301 PAPPANI WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 242,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,140.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.67100
------------------------------------------------------------------
0 0030740120 MORTGAGORS: TA KHANH
TA CLAUDINE
REGION CODE ADDRESS : 3283 PAPPANI WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 243,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,532.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,766.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98300
------------------------------------------------------------------
0 0030740146 MORTGAGORS: STOVER LARRY
MALAILUA PATRICE
REGION CODE ADDRESS : 695 BIDWELL COURT
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89451
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,853.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 53.71400
------------------------------------------------------------------
0 0030740153 MORTGAGORS: ZAAYER TODD
ZAAYER JENNIFER
REGION CODE ADDRESS : 2064 EDINBURG AVE
01 CITY : ENCINITAS
STATE/ZIP : CA 92007
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,825.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740187 MORTGAGORS: SPRENKEL KEITH
SPRENKEL JOANNE
REGION CODE ADDRESS : 4965 EMERALD ST
01 CITY : CAPITOLA
STATE/ZIP : CA 95010
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,643.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,019.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 07/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,249,050.00
P & I AMT: 9,238.08
UPB AMT: 1,247,995.84
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 219
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030740195 MORTGAGORS: WARNER NEIL
WARNER PAULA
REGION CODE ADDRESS : 8209 STARR RD
01 CITY : WINDSOR
STATE/ZIP : CA 95492
MORTGAGE AMOUNT : 292,807.09 OPTION TO CONVERT :
UNPAID BALANCE : 292,402.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,184.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 05/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 68.09400
------------------------------------------------------------------
0 0030740203 MORTGAGORS: HOPPE WILLIAM
REGION CODE ADDRESS : 779 FOOTHILL DR
01 CITY : SAN JOSE
STATE/ZIP : CA 95123
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,856.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740229 MORTGAGORS: WANEK STEVEN
PALMERIN-WANEK LUPE
REGION CODE ADDRESS : 4432 CANDLEBERRY AVENUE
01 CITY : SEAL BEACH,
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 299,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,797.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,195.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740252 MORTGAGORS: ALFIERI SALVATORE
ALFIERI REGINA
REGION CODE ADDRESS : 4 COLONY DRIVE
01 CITY : MARLBORO
STATE/ZIP : NJ 07746
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,750.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,895.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740260 MORTGAGORS: SAULINO STEVEN
SAULINO LORI
REGION CODE ADDRESS : 944 BAYLOWELL DRIVE
01 CITY : WEST CHESTER
STATE/ZIP : PA 19380
MORTGAGE AMOUNT : 239,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,526.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99800
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,419,307.09
P & I AMT: 10,706.05
UPB AMT: 1,417,332.37
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 220
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030740294 MORTGAGORS: HIGA JAMES
HIGA SHARI
REGION CODE ADDRESS : 1216 LAUKAHI STREET
01 CITY : HONOLULU
STATE/ZIP : HI 96821
MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,861.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,729.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740302 MORTGAGORS: BRETT JACK
BRETT MARY
REGION CODE ADDRESS : 45719 SOUTHEAST 138TH COURT
01 CITY : NORTH BEND
STATE/ZIP : WA 98045
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,496.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 73.92300
------------------------------------------------------------------
0 0030740328 MORTGAGORS: RACAZA JOSEPH
RACAZA ARLINDA
REGION CODE ADDRESS : 314 LACEY DRIVE
01 CITY : NEW MILFORD
STATE/ZIP : NJ 07646
MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,487.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,998.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030740377 MORTGAGORS: CALLANDER ROBERT
CALLANDER MARILYN
REGION CODE ADDRESS : 10106 OAKWOOD CIRCLE
01 CITY : CARMEL
STATE/ZIP : CA 93923
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,803.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 54.54500
------------------------------------------------------------------
0 0030740427 MORTGAGORS: ELMENDORF MARK
KEEFE EILEEN
REGION CODE ADDRESS : 3 IRONWOOD ROAD
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 217,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,861.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 84.43500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,430,000.00
P & I AMT: 10,700.25
UPB AMT: 1,427,511.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 221
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030740435 MORTGAGORS: MARKHEIM STEVEN
MARKHEIM NORMA
REGION CODE ADDRESS : 25812 CHALMERS PLACE
01 CITY : CALABASAS AREA
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 599,607.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,454.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740443 MORTGAGORS: STEWART JONH
STEWART WENDY
REGION CODE ADDRESS : 1661 SAN LORENZO AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,691.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,810.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.89100
------------------------------------------------------------------
0 0030740450 MORTGAGORS: WICKLAND STEPHEN
REGION CODE ADDRESS : 2236 NORTH PARK VICTORIA DRIVE
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,774.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740468 MORTGAGORS: MELTZER DEBRA
GENNA GREGORY
REGION CODE ADDRESS : 37050 VALLEY RIDGE
01 CITY : FARMINGTON HILLS
STATE/ZIP : MI 48331
MORTGAGE AMOUNT : 232,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,502.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740476 MORTGAGORS: GALLAGHER WILLIAM
REGION CODE ADDRESS : 15885 GOOSE HOLLOW DR.
01 CITY : CLACKAMAS
STATE/ZIP : OR 97015
MORTGAGE AMOUNT : 237,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,138.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,763.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,631,250.00
P & I AMT: 12,070.06
UPB AMT: 1,629,713.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 222
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030740484 MORTGAGORS: CAPALDI DINO
CAPALDI LEA
REGION CODE ADDRESS : 30601 TARAPACA RD
01 CITY : RANCINO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,799.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,117.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.00000
------------------------------------------------------------------
0 0030740500 MORTGAGORS: LETTELLEIR JOHN
FRANCIS LLOYD
REGION CODE ADDRESS : 465 ANDRIA DRIVE
01 CITY : STATELINE
STATE/ZIP : NV 89449
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,852.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,876.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740518 MORTGAGORS: LARSEN BRET
LARSEN NATASHA
REGION CODE ADDRESS : 2753 EAST GLENN ABBEY WAY
01 CITY : SANDY
STATE/ZIP : UT 84093
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,843.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,653.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.58100
------------------------------------------------------------------
0 0030740526 MORTGAGORS: BERDNER THOMAS
BERDNER MARY
REGION CODE ADDRESS : 15948 CRESTRIDGE AVE
01 CITY : SONORA
STATE/ZIP : CA 95370
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,822.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.83700
------------------------------------------------------------------
0 0030740534 MORTGAGORS: DALTON SCOTT
CAMERINO LYVIA
REGION CODE ADDRESS : 2690 MARIN AVENUE
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 282,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,100.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,022.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99274
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,297,300.00
P & I AMT: 9,467.15
UPB AMT: 1,296,417.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 223
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030740542 MORTGAGORS: WHITE DIANE
REGION CODE ADDRESS : 2615 EAST CRUISE BAY COURT
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84121
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,621.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,986.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.95400
------------------------------------------------------------------
0 0030740559 MORTGAGORS: SCHOKNECHT KENT
SCHOKNECHT KAREN
REGION CODE ADDRESS : 1465 LINDA RIDGE ROAD
01 CITY : PASADENA
STATE/ZIP : CA 91103
MORTGAGE AMOUNT : 466,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,356.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,378.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740575 MORTGAGORS: STROHL ELIZABETH
REGION CODE ADDRESS : 1908 ASPEN RIDGE COURT
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 303,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,330.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,202.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030740583 MORTGAGORS: MC ALLISTER RAYMOND
REGION CODE ADDRESS : RT 1 BOX 98 NAMBE
01 CITY : SANTE FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 425,699.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,051.92 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740591 MORTGAGORS: BAXTER ANDREW
KILLEEN ANN
REGION CODE ADDRESS : 27525 BERKSHIRE HILLS PLACE
01 CITY : VALENCIA AREA
STATE/ZIP : CA 91354
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,848.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,780.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 87.77700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,706,750.00
P & I AMT: 12,400.33
UPB AMT: 1,704,856.91
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 224
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030740609 MORTGAGORS: HICKS MELVIN
HICKS GWEN
REGION CODE ADDRESS : 241 FISH BAYOU
01 CITY : LAKE VILLAGE
STATE/ZIP : AR 71653
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,667.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,747.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.80100
------------------------------------------------------------------
0 0030740617 MORTGAGORS: GILANI FARAMARZ
GILANI CATHERINE
REGION CODE ADDRESS : 8758 HAMMERSMITH LANE
01 CITY : FAIR OAKS
STATE/ZIP : CA 95628
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740625 MORTGAGORS: TERMAAT WILLIAM
TERMAAT JAYNE
REGION CODE ADDRESS : 2800 OLD ORCHARD CIRCLE
01 CITY : SIOUX FALLS
STATE/ZIP : SD 57103
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,474.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.79000
------------------------------------------------------------------
0 0030740633 MORTGAGORS: AUSTIN KAREN
AUSTIN ROBERT
REGION CODE ADDRESS : 3921 TIMBERIDGE DRIVE
01 CITY : NORMAN
STATE/ZIP : OK 73072
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,949.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 66.75300
------------------------------------------------------------------
0 0030740641 MORTGAGORS: VOLLMANN ROBIN
VOLLMANN CRYSTAL
REGION CODE ADDRESS : 316 N.W. 145TH COURT
01 CITY : OKLAHOMA CITY
STATE/ZIP : OK 73013
MORTGAGE AMOUNT : 250,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,370.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,861.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.98500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,448,700.00
P & I AMT: 10,707.45
UPB AMT: 1,446,255.89
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 225
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030740658 MORTGAGORS: WONG CLIFFORD
WONG CHERYL
REGION CODE ADDRESS : 1560 SLOAT BOULEVARD
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94127
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,714.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.77700
------------------------------------------------------------------
0 0030740674 MORTGAGORS: GREEN RANDALL
REGION CODE ADDRESS : 17347 RAYEN STREET
01 CITY : NORTHRIDGE
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,724.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.72700
------------------------------------------------------------------
0 0030740682 MORTGAGORS: NICKS PHILIP
REGION CODE ADDRESS : 2803 MACKEN STREET
01 CITY : AUSTIN
STATE/ZIP : TX 78703
MORTGAGE AMOUNT : 282,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,912.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,069.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 56.98900
------------------------------------------------------------------
0 0030740690 MORTGAGORS: HANSEN MICHAEL
HANSEN MAUREEN
REGION CODE ADDRESS : 11921 SETTLERS RD
01 CITY : CEDARBURG
STATE/ZIP : WI 53012
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,688.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,900.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 62.50000
------------------------------------------------------------------
0 0030740708 MORTGAGORS: ESPARZA LUIS
ESPARZA MARTHA
REGION CODE ADDRESS : 720 N TREAT AVENUE
01 CITY : TUCSON
STATE/ZIP : AZ 85716
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,560.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,675.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,634,100.00
P & I AMT: 12,053.30
UPB AMT: 1,630,601.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 226
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030740716 MORTGAGORS: ARONSON EDWARD
ARONSON DORI
REGION CODE ADDRESS : 15 SAMANTHA DRIVE
01 CITY : MONROE
STATE/ZIP : NJ 08831
MORTGAGE AMOUNT : 233,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,443.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,735.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99000
------------------------------------------------------------------
0 0030740724 MORTGAGORS: BRAY JUDY
GORDON CRISTOPHER
REGION CODE ADDRESS : 5120 ZAKON RD
01 CITY : TORRANCE
STATE/ZIP : CA 90505
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,721.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,827.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 94.75800
------------------------------------------------------------------
0 0030740732 MORTGAGORS: SAUNDERS EDWARD
ASFOUR VALERIE
REGION CODE ADDRESS : 14946 KELLY FARM DRIVE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 302,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,194.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.44144
------------------------------------------------------------------
0 0030740765 MORTGAGORS: MILLER WILTON
MILLER CHERYL
REGION CODE ADDRESS : 2309 VALLEYFIELD AVENUE
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 37.41935
------------------------------------------------------------------
0 0030740773 MORTGAGORS: THORPE MARK
THORPE KAREN
REGION CODE ADDRESS : 2316 NORTH WISTERIA LANE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,798.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,660.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 89.76300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,345,350.00
P & I AMT: 10,119.85
UPB AMT: 1,344,562.74
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 227
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030740823 MORTGAGORS: MILLER STANLEY
MILLER PAULA
REGION CODE ADDRESS : 1046 SOUTH REXFORD LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92808
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,138.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740856 MORTGAGORS: EVANS KENNETH
EVANS JUDY
REGION CODE ADDRESS : 1220 SW 159TH TERRACE
01 CITY : PEMBROKE PINES
STATE/ZIP : FL 33027
MORTGAGE AMOUNT : 267,275.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,113.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,055.11 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.99900
------------------------------------------------------------------
0 0030740898 MORTGAGORS: PINA-SMITH BEATRIZ
SMITH ANDREW
REGION CODE ADDRESS : 10 RICH VALLEY ROAD
01 CITY : WAYLAND
STATE/ZIP : MA 01778
MORTGAGE AMOUNT : 231,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,742.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.98200
------------------------------------------------------------------
0 0030740971 MORTGAGORS: MALONEY MICHAEL
MALONEY CATHERINE
REGION CODE ADDRESS : 130 CARNEROS ROAD
01 CITY : AROMAS
STATE/ZIP : CA 95004
MORTGAGE AMOUNT : 229,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,441.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030740989 MORTGAGORS: SOONG YEONG
SOON TSELI
REGION CODE ADDRESS : 19603 ASHTON COURT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 479,677.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,522.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,496,825.00
P & I AMT: 11,122.90
UPB AMT: 1,496,183.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 228
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030740997 MORTGAGORS: JORDAN ROBERT
BASS KELLY
REGION CODE ADDRESS : 825 HILL LANE
01 CITY : VERDI
STATE/ZIP : NV 89439
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,798.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.12600
------------------------------------------------------------------
0 0030741003 MORTGAGORS: RIOS RAUL
RIOS FERMINA
REGION CODE ADDRESS : 23 ARGOS
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,535.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030741011 MORTGAGORS: VOLKMER DOUGLAS
WILLIAMS ANN
REGION CODE ADDRESS : 1053 MARIPOSA AVE
01 CITY : BERKELEY
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,772.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,222.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.88200
------------------------------------------------------------------
0 0030741060 MORTGAGORS: NODA ARTHUR
NODA LORI
REGION CODE ADDRESS : 1946 EAST ALTADENA DRIVE
01 CITY : ALTADENA ( AREA ),
STATE/ZIP : CA 91001
MORTGAGE AMOUNT : 351,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,767.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,606.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030741128 MORTGAGORS: HERMONSTYNE DENNIS
HERMONSTYNE BERNADETTE
REGION CODE ADDRESS : 2100 PARKSIDE DRIVE
01 CITY : MITCHELLVILLE
STATE/ZIP : MD 20721
MORTGAGE AMOUNT : 364,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 363,629.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,863.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 79.99900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,651,550.00
P & I AMT: 12,269.92
UPB AMT: 1,650,468.21
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 229
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030741136 MORTGAGORS: MCFARLAND RICHARD
MCFARLAND SHARON
REGION CODE ADDRESS : 30335 MERIDIAN CIRCLE
01 CITY : UNION CITY
STATE/ZIP : CA 94587
MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,305.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030741151 MORTGAGORS: LONG CHRISTOPHER
LONG SHERRI
REGION CODE ADDRESS : 15876 JESTER COURT
01 CITY : DUMFRIES
STATE/ZIP : VA 22192
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,703.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,678.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99700
------------------------------------------------------------------
0 0030741169 MORTGAGORS: STEELE LINDSEY
REGION CODE ADDRESS : 113 TRYON COURT
01 CITY : SACRAMENTO
STATE/ZIP : CA 95864
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,148.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030741177 MORTGAGORS: BERRY ROBERT
BERRY ELEANOR
REGION CODE ADDRESS : 4785 LINARO DRIVE
01 CITY : CYPRESS
STATE/ZIP : CA 90630
MORTGAGE AMOUNT : 236,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,187.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,713.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.99300
------------------------------------------------------------------
0 0030741193 MORTGAGORS: MC KEE THEODORE
MC KEE GLORIA
REGION CODE ADDRESS : 11105 LEO COLLINS DRIVE,
01 CITY : EL PASO
STATE/ZIP : TX 79935
MORTGAGE AMOUNT : 226,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,647.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,664.18 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,274,150.00
P & I AMT: 9,423.63
UPB AMT: 1,273,187.19
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 230
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030741201 MORTGAGORS: VANCE THOMAS
VANCE EVELYN
REGION CODE ADDRESS : 1419 SAN LUCAS COURT
01 CITY : SOLANA BEACH
STATE/ZIP : CA 92075
MORTGAGE AMOUNT : 427,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 427,605.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,102.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.94800
------------------------------------------------------------------
0 0030741219 MORTGAGORS: CANDEE LISA
REGION CODE ADDRESS : 1546 SIXTH AVENUE
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,830.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,849.09 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030741227 MORTGAGORS: LUTZKE KEVIN
SPRAGUE JAKE
REGION CODE ADDRESS : 3101 FOREST SHORES LANE
01 CITY : HIGHLAND VILLAGE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,183.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030741243 MORTGAGORS: PERDUE DONALD
PERDUE ROSEMARY
REGION CODE ADDRESS : 7217 MALONE ROAD
01 CITY : FORESTVILLE
STATE/ZIP : CA 95436
MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,794.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.32 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030741250 MORTGAGORS: HANNA DONALD
REGION CODE ADDRESS : 66 CIELO DE ORO
01 CITY : SANTA FE
STATE/ZIP : NM 87505
MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,824.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,495,400.00
P & I AMT: 10,978.85
UPB AMT: 1,494,238.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 231
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030741276 MORTGAGORS: PAOLI STEPHEN
PAOLI MONICA
REGION CODE ADDRESS : 749 BAMBOO TERRACE
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94903
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,690.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,752.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030741292 MORTGAGORS: ALLEN WILLIAM
CIPRIANI CINDY
REGION CODE ADDRESS : 11260 MONTAUBON WAY
01 CITY : SAN DIEGO
STATE/ZIP : CA 92131
MORTGAGE AMOUNT : 369,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,708.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,746.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.99000
------------------------------------------------------------------
0 0030741326 MORTGAGORS: BURTON WILLIAM
BURTON DIANE
REGION CODE ADDRESS : 829 SETZER POINT DRIVE
01 CITY : STATESVILLE
STATE/ZIP : NC 28677
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,829.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030741334 MORTGAGORS: RADUJKO ANDY
RADUJKO STACY
REGION CODE ADDRESS : 5671 CATHEDRAL OAKS ROAD
01 CITY : GOLETA
STATE/ZIP : CA 93117
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,848.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.57100
------------------------------------------------------------------
0 0030741342 MORTGAGORS: GREEN MELANIE
GREEN GEORGE
REGION CODE ADDRESS : 21523 NORTH 69TH DRIVE
01 CITY : GLENDALE
STATE/ZIP : AZ 85308
MORTGAGE AMOUNT : 225,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,644.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.98000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,299,750.00
P & I AMT: 9,529.71
UPB AMT: 1,298,720.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 232
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030741359 MORTGAGORS: DE JESUS ALBERTO
DE JESUS LAURIE
REGION CODE ADDRESS : 2709 ROCKY POINT COURT
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91362
MORTGAGE AMOUNT : 261,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,201.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 61.24700
------------------------------------------------------------------
0 0030741367 MORTGAGORS: OFFORD RANDALL
OFFORD LORI
REGION CODE ADDRESS : 197 NORTH SHORE BOULEVARD
01 CITY : SANDWICH
STATE/ZIP : MA 02563
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,808.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,253.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 88.23500
------------------------------------------------------------------
0 0030741383 MORTGAGORS: EVANS DOUGLAS
EVANS VICKI
REGION CODE ADDRESS : 5340 FENTON WAY
01 CITY : GRANITE BAY
STATE/ZIP : CA 95746
MORTGAGE AMOUNT : 317,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 316,792.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99400
------------------------------------------------------------------
0 0030741409 MORTGAGORS: FRANK THOMAS
FRANK KATHERINE
REGION CODE ADDRESS : 13303 TIMBERWILD COURT
01 CITY : TOMBALL
STATE/ZIP : TX 77375
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,675.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,524.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.41700
------------------------------------------------------------------
0 0030741417 MORTGAGORS: WELLS SAMUEL
WELLS CAROL
REGION CODE ADDRESS : 32 ARGUS CT
01 CITY : ALAMEDA
STATE/ZIP : CA 94502
MORTGAGE AMOUNT : 250,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,253.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,817.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,347,000.00
P & I AMT: 9,754.25
UPB AMT: 1,345,731.79
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 233
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030741441 MORTGAGORS: WITHROW DANNY
WITHROW JANE
REGION CODE ADDRESS : 940 LOMA DRIVE
01 CITY : OJAI AREA
STATE/ZIP : CA 93023
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030741458 MORTGAGORS: HAMORI ANDRAS
REGION CODE ADDRESS : 8549 HEDGES PLACE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90069
MORTGAGE AMOUNT : 405,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 405,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,971.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.88400
------------------------------------------------------------------
0 0030741466 MORTGAGORS: TSAI CHAU-CHAD
LI WEI-HUNG
REGION CODE ADDRESS : 12090 INGRID COURT
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,783.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,554.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 59.64900
------------------------------------------------------------------
0 0030741490 MORTGAGORS: SOLOMON JOHN
REGION CODE ADDRESS : 3816 LOCKERBIE COURT
01 CITY : GLENDALE
STATE/ZIP : CA 91221
MORTGAGE AMOUNT : 289,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,155.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030741557 MORTGAGORS: PERRETT WILLIAM
ASTLEY NICOLA
REGION CODE ADDRESS : 329 LEE STREET
01 CITY : SANTA CRUZ
STATE/ZIP : CA 95060
MORTGAGE AMOUNT : 233,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.98900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,527,550.00
P & I AMT: 11,288.50
UPB AMT: 1,527,139.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 234
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030741565 MORTGAGORS: LANSING VINCENT
LANSING JANINE
REGION CODE ADDRESS : 6442 VIA DE ANZAR
01 CITY : RANCHO PALOS VERDE
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,772.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030741581 MORTGAGORS: CHATTILLION BRAD
CHATTILLION HELEN
REGION CODE ADDRESS : 12217 MILESTONE MANOR LANE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20876
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,833.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,960.81 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030741607 MORTGAGORS: BEEVER PAUL
BEEVER ELIZABETH
REGION CODE ADDRESS : 8405 FOX RUN
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 272,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,076.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030741615 MORTGAGORS: DEMARIO MARIA
LINEY WILLIAM
REGION CODE ADDRESS : 51 CEDAR HILL LANE
01 CITY : MEDIA
STATE/ZIP : PA 19063
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,840.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,953.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030741649 MORTGAGORS: WU EPHREM
KRAKOVSKY MARINA
REGION CODE ADDRESS : 1161 VERNON TERRACE
01 CITY : SAN MATEO
STATE/ZIP : CA 94402
MORTGAGE AMOUNT : 404,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 403,721.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,929.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,542,250.00
P & I AMT: 11,472.72
UPB AMT: 1,541,244.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 235
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030741672 MORTGAGORS: SOLIMAN AFAF
SOLIMAN NABIL
REGION CODE ADDRESS : 3791 HEATHER STREET
01 CITY : SEAL BEACH
STATE/ZIP : CA 90740
MORTGAGE AMOUNT : 278,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,458.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.88700
------------------------------------------------------------------
0 0030741722 MORTGAGORS: MURRAY STEPHEN
MURRAY PATRICIA
REGION CODE ADDRESS : 21 BRENTWOOD COURT
01 CITY : BERNARDS
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 486,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 486,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,736.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030741763 MORTGAGORS: LEE WON
LEE YOUNGOK
REGION CODE ADDRESS : 26461 BROKEN BIT LANE
01 CITY : LAGUNA HILL
STATE/ZIP : CA 92650
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,698.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,301.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.18100
------------------------------------------------------------------
0 0030741789 MORTGAGORS: CHEPMAN MARCUS CATHY
REGION CODE ADDRESS : 12438 ALBERS STREET
01 CITY : LOS ANGELES (VALLEY VILLA
STATE/ZIP : CA 91607
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,849.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,839.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 84.02700
------------------------------------------------------------------
0 0030741813 MORTGAGORS: FONG STEPHEN
FONG BINH
REGION CODE ADDRESS : 632 TROON COURT
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 377,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 377,265.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,869.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.99500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,834,150.00
P & I AMT: 13,767.93
UPB AMT: 1,833,271.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 236
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030741847 MORTGAGORS: CHEONG DENNIS
CHEONG ELIZA
REGION CODE ADDRESS : 10495 NO. STELLING RD
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 394,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,495.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,960.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.33900
------------------------------------------------------------------
0 0030741854 MORTGAGORS: CHU SAMMY
CHU FLORA
REGION CODE ADDRESS : 805 CANADA DR
01 CITY : MILPITAS
STATE/ZIP : CA 95035
MORTGAGE AMOUNT : 274,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,225.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.76300
------------------------------------------------------------------
0 0030741870 MORTGAGORS: TOWNSEND BRETT
HELFRICH KIMBERLY
REGION CODE ADDRESS : 2327 BEN HUR COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95124
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 308,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,259.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030741961 MORTGAGORS: SHELTON ROBERT
SHELTON KIMBERLY
REGION CODE ADDRESS : 6710 ESCONDIDO CANYON ROAD
01 CITY : ACTON
STATE/ZIP : CA 93510
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,835.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,938.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.38461
------------------------------------------------------------------
0 0030742001 MORTGAGORS: FOSTER JACQUELINE
REGION CODE ADDRESS : 1448 CARMINE WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,665.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 89.78300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,400.00
P & I AMT: 11,501.18
UPB AMT: 1,523,221.34
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 237
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030742027 MORTGAGORS: MATHEWS DOUGLAS
MATHEWS MARY
REGION CODE ADDRESS : 16717 GOOSENECK TERRACE
01 CITY : OLNEY
STATE/ZIP : MD 20832
MORTGAGE AMOUNT : 254,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,529.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98700
------------------------------------------------------------------
0 0030742050 MORTGAGORS: BORDEN STEVEN
BORDEN SUSAN
REGION CODE ADDRESS : 26525 JOSEL DR
01 CITY : SANTA CLARITA
STATE/ZIP : CA 91350
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 459,411.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,455.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030742118 MORTGAGORS: BOYCE SCOTT
BOYCE KAY
REGION CODE ADDRESS : 13452 CALLE COLINA
01 CITY : POWAY
STATE/ZIP : CA 92064
MORTGAGE AMOUNT : 264,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,452.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,966.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030742308 MORTGAGORS: TRAEGER WILLIAM
REGION CODE ADDRESS : 34300 LANTERN BAY DR # 34
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 283,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,068.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,079.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.98400
------------------------------------------------------------------
0 0030742316 MORTGAGORS: HAGERMAN MARK
HAGERMAN KAREN
REGION CODE ADDRESS : 17725 QUELAH LANE
01 CITY : SUNRIVER
STATE/ZIP : OR 97707
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,728.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.75 OUTSIDE CONV DATE :
LIFETIME RATE : 8.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.75000 PRODUCT CODE : 002
LTV : 88.67900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,498,050.00
P & I AMT: 11,220.22
UPB AMT: 1,496,189.68
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 238
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030742324 MORTGAGORS: CUDDY JOHN
CUDDY MARY
REGION CODE ADDRESS : 11884 ROPP LANE
01 CITY : LOVETTSVILLE
STATE/ZIP : VA 20180
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,658.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030742332 MORTGAGORS: AUBE LEONARD
AUBE ROBIN
REGION CODE ADDRESS : 7 DORADO PLACE
01 CITY : ROLLING HILLS ESTATES,
STATE/ZIP : CA 90274
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,526.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,613.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030742357 MORTGAGORS: SWANSON DAIL
SWANSON DOROTHY
REGION CODE ADDRESS : 861 CALLE TALENTIA
01 CITY : ESCONDIDO
STATE/ZIP : CA 92025
MORTGAGE AMOUNT : 239,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,005.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 74.50100
------------------------------------------------------------------
0 0030742407 MORTGAGORS: MICAUD CHARLES
REGION CODE ADDRESS : HEALY ROAD
01 CITY : NELSONVILLE
STATE/ZIP : NY 10516
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.61100
------------------------------------------------------------------
0 0030742514 MORTGAGORS: MAIORIELLO JOHN
REGION CODE ADDRESS : 3303 MANHATTAN AVENUE
01 CITY : MANHATTAN BEACH
STATE/ZIP : CA 90266
MORTGAGE AMOUNT : 431,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 430,910.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,164.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,542,350.00
P & I AMT: 11,432.14
UPB AMT: 1,540,921.95
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 239
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030742555 MORTGAGORS: ATKINSON ROBERT
ATKINSON NORMA
REGION CODE ADDRESS : 2020 SW MARKET STREET #402
01 CITY : PORTLAND
STATE/ZIP : OR 97201
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,818.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 49.19549
------------------------------------------------------------------
0 0030742639 MORTGAGORS: KIMBER JOHN
KIMBER MARY
REGION CODE ADDRESS : 11828 WEST WEMBLEY DRIVE
01 CITY : MOKENA
STATE/ZIP : IL 60448
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,811.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,847.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030742654 MORTGAGORS: SMITH BRUCE
SMITH DARLENE
REGION CODE ADDRESS : 919 KILLARNEY DRIVE
01 CITY : PAPILLION
STATE/ZIP : NE 68046
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,857.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,748.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 79.36500
------------------------------------------------------------------
0 0030742720 MORTGAGORS: MANFREDO JOEL
MANFREDO SUZANNE
REGION CODE ADDRESS : 6505 EVENING SHADOWS
01 CITY : CLARKSVILLE
STATE/ZIP : MD 21029
MORTGAGE AMOUNT : 244,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,527.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,753.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
------------------------------------------------------------------
0 0030742787 MORTGAGORS: ARENA CARL
ARENA DEBORAH
REGION CODE ADDRESS : 2268 N. WISTERIA LANE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,810.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,993.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.13800
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,310,700.00
P & I AMT: 9,649.28
UPB AMT: 1,309,824.42
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 240
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030742795 MORTGAGORS: VAJDA FERENC
LASZLO ANIKO
REGION CODE ADDRESS : 20 WEST CHARDEN ROAD
01 CITY : WINCHESTER
STATE/ZIP : MA 01890
MORTGAGE AMOUNT : 268,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,155.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 94.99100
------------------------------------------------------------------
0 0030742837 MORTGAGORS: TURNER JOSEPH
TSANG GLORIA
REGION CODE ADDRESS : 1405 MONTE CLAIRE PLACE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,692.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,901.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.94500
------------------------------------------------------------------
0 0030742845 MORTGAGORS: COHENNO THOMAS
COHENNO ILENE
REGION CODE ADDRESS : 1456 AVOLENCIA DRIVE
01 CITY : FULLERTON
STATE/ZIP : CA 92835
MORTGAGE AMOUNT : 241,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030743348 MORTGAGORS: BANDHAUER MARK
BANDHAUER KATRIN
REGION CODE ADDRESS : 6421 EAST SHADY VALLEY LANE
01 CITY : ANAHEIM
STATE/ZIP : CA 92807
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,006.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030743546 MORTGAGORS: LO EAM
LO LAN-YU
REGION CODE ADDRESS : 3265 PAPPANI WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 248,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,229.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,801.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.97300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,950.00
P & I AMT: 10,378.62
UPB AMT: 1,436,276.84
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 241
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030743603 MORTGAGORS: PEREZ ANDRES
PEREZ JUANA
REGION CODE ADDRESS : 124 SANTA ROSA COURT
01 CITY : VACAVILLE
STATE/ZIP : CA 95688
MORTGAGE AMOUNT : 255,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,310.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,786.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.05400
------------------------------------------------------------------
0 0030743611 MORTGAGORS: DOWLING MARK
DOWLING JODIE
REGION CODE ADDRESS : 110 VALLE VERDE COURT
01 CITY : DANVILLE
STATE/ZIP : CA 94526
MORTGAGE AMOUNT : 221,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,089.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,565.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.99700
------------------------------------------------------------------
0 0030743637 MORTGAGORS: SZE JOHN
SZE LEAH
REGION CODE ADDRESS : 11874 BROOK GLEN DRIVE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,810.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,153.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 68.33100
------------------------------------------------------------------
0 0030743645 MORTGAGORS: GOLDTHWAITE JOE
GOLDTHWAITE JULIA
REGION CODE ADDRESS : 29966 NORTH 78TH STREET
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 82622
MORTGAGE AMOUNT : 247,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,234.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,815.33 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.37900
------------------------------------------------------------------
0 0030743678 MORTGAGORS: MC COY ARTIE
MC COY HAZEL
REGION CODE ADDRESS : 4053 YERBA BUENA AVENUE
01 CITY : SAN JOSE
STATE/ZIP : CA 95121
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,851.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,566.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,230,150.00
P & I AMT: 8,887.20
UPB AMT: 1,229,295.90
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 242
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030743686 MORTGAGORS: GUTERMAN ALAN
GUTTERMAN KIMBERELY
REGION CODE ADDRESS : 1119 ARROYO SECO DRIVE
01 CITY : CAMPBELL
STATE/ZIP : CA 95008
MORTGAGE AMOUNT : 252,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 252,434.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,875.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 62.37000
------------------------------------------------------------------
0 0030743694 MORTGAGORS: LYTHGOE KEVIN
LYTHGOE STACIE
REGION CODE ADDRESS : 2014 E. PALMAIRE CIRCLE
01 CITY : PHOENIX
STATE/ZIP : AZ 85020
MORTGAGE AMOUNT : 374,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,055.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,779.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.63800
------------------------------------------------------------------
0 0030743710 MORTGAGORS: MOISEFF BRET
MOISEFF SALLY
REGION CODE ADDRESS : 6262 PASO LOS CERRITOS
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 270,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,027.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,029.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.68600
------------------------------------------------------------------
0 0030743728 MORTGAGORS: SENNA GARRY
SENNA JODY
REGION CODE ADDRESS : 4169 CHURCHILL DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94566
MORTGAGE AMOUNT : 255,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,419.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,831.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030743744 MORTGAGORS: LOGAN MICHAEL
LOGAN SALLY
REGION CODE ADDRESS : 25 KINGSTON ROAD
01 CITY : KENSINGTON
STATE/ZIP : CA 94707
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,626.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,900.00
P & I AMT: 10,661.82
UPB AMT: 1,454,563.80
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 243
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030743769 MORTGAGORS: JANSKY RICHARD
CRIDDLE KARMALEE
REGION CODE ADDRESS : 3989 LYMAN ROAD
01 CITY : OAKLAND
STATE/ZIP : CA 94602
MORTGAGE AMOUNT : 236,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,464.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030743819 MORTGAGORS: STRALEY MICHAEL
STRALEY JANE
REGION CODE ADDRESS : 26 JAMESTOWN ROAD
01 CITY : MONTGOMERY
STATE/ZIP : NJ 08502
MORTGAGE AMOUNT : 235,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,207.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,809.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030743827 MORTGAGORS: TABORGA CELSO
TABORGA PAULINA
REGION CODE ADDRESS : 1041 PEPPERMILL COURT
01 CITY : CONCORD
STATE/ZIP : CA 94518
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,812.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030743843 MORTGAGORS: MONTALVO WALTER
STEASON MARIYA
REGION CODE ADDRESS : 2919 MASSIH COURT
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,836.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,923.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.76900
------------------------------------------------------------------
0 0030743918 MORTGAGORS: GOLDIE-MORRISON ANGUS
GOLDIE-MORRISON JULIE
REGION CODE ADDRESS : 24074 RIARDALE WAY
01 CITY : NEWHALL
STATE/ZIP : CA 91031
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,158.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,291,150.00
P & I AMT: 9,635.15
UPB AMT: 1,290,321.62
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 244
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030743926 MORTGAGORS: KUFF MITCHELL
KUFF SUSAN
REGION CODE ADDRESS : 11221 RIVER VIEW DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 585,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 584,617.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,343.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 66.47700
------------------------------------------------------------------
0 0030744163 MORTGAGORS: IACONO JOHN
IACONO ANNETTE
REGION CODE ADDRESS : 35 AVENIDA CORONA
01 CITY : RANCHO PALOS VERDES
STATE/ZIP : CA 90275
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,814.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.88880
------------------------------------------------------------------
0 0030744445 MORTGAGORS: ANDREN ROBERT
ANDREN ODETE
REGION CODE ADDRESS : 106 BARRANCA ROAD
01 CITY : SANTA FE
STATE/ZIP : NM 87501
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,852.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,614.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 52.38095
------------------------------------------------------------------
0 0030744494 MORTGAGORS: NGUYEN PAUL
TONG NGUYET
REGION CODE ADDRESS : 3303 MONTE VERDE LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 287,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,907.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,106.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99200
------------------------------------------------------------------
0 0030744502 MORTGAGORS: MANN CRAIG
WELCH LEILA
REGION CODE ADDRESS : 3297 MONTE VERDE LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95131
MORTGAGE AMOUNT : 296,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 296,450.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,176.71 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.99400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,644,750.00
P & I AMT: 12,053.20
UPB AMT: 1,643,642.74
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 245
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030744510 MORTGAGORS: VIVEROS GUILLERMO
VIVEROS OLIVIA
REGION CODE ADDRESS : 4309 MANZANITA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,822.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030744536 MORTGAGORS: DAVIS KEVIN
DAVIS MOLLY
REGION CODE ADDRESS : 57-59 JERSEY STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94114
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,812.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,383.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.48700
------------------------------------------------------------------
0 0030744544 MORTGAGORS: RILEY LEE
FURMAN JESSE
REGION CODE ADDRESS : 2920 DERBY STREET
01 CITY : BERKELEY
STATE/ZIP : CA 94705
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,761.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.15700
------------------------------------------------------------------
0 0030744569 MORTGAGORS: BALIAN ALEXANDER
BALIAN GEORGETTE
REGION CODE ADDRESS : 7211 NI RIVER LANDING
01 CITY : FREDERICKSBURG
STATE/ZIP : VA 22407
MORTGAGE AMOUNT : 219,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,636.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,536.88 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.50000
------------------------------------------------------------------
0 0030744791 MORTGAGORS: MAULDIN ARTHUR
HARTLEY SUZANNE
REGION CODE ADDRESS : 946 W ALDER STREET
01 CITY : LOUISVILLE
STATE/ZIP : CO 80027
MORTGAGE AMOUNT : 274,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,180.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,014.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,386,350.00
P & I AMT: 10,076.14
UPB AMT: 1,385,212.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 246
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030744809 MORTGAGORS: STEIN STEVEN
STEIN RANDI
REGION CODE ADDRESS : 21687 FALL RIVER DRIVE
01 CITY : BOCA RATON
STATE/ZIP : FL 33428
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 312,599.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,351.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.98100
------------------------------------------------------------------
0 0030744890 MORTGAGORS: HILDAHL MARK
HILDAHL LINDA
REGION CODE ADDRESS : 2401 11TH AVENUE
01 CITY : MINOT
STATE/ZIP : ND 58703
MORTGAGE AMOUNT : 244,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,186.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,792.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030744932 MORTGAGORS: TYLER H
REGION CODE ADDRESS : 131 WOODVALE CREEK
01 CITY : BOSSIER CITY
STATE/ZIP : LA 71111
MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,411.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,983.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030744940 MORTGAGORS: MILLER ROSS
MILLER DEBORAH
REGION CODE ADDRESS : 32 CORNELL RD
01 CITY : LIVINGSTON
STATE/ZIP : NJ 07039
MORTGAGE AMOUNT : 315,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,775.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,312.83 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030744957 MORTGAGORS: RUO WINNIE
REGION CODE ADDRESS : 326 HAMBLETONIAN
01 CITY : OAK BROOK
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,776.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,539.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,488,150.00
P & I AMT: 10,980.37
UPB AMT: 1,486,749.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 247
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030744965 MORTGAGORS: SWITALA EDWARD
SWITALA STACEY
REGION CODE ADDRESS : 9 S. QUINCY
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,827.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,028.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 64.28500
------------------------------------------------------------------
0 0030744981 MORTGAGORS: BOATWRIGHT FREDERICK
BOATWRIGHT JOLENE
REGION CODE ADDRESS : 1370 PARROTT TRACE
01 CITY : GREENSBORO
STATE/ZIP : GA 30642
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,558.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 47.76100
------------------------------------------------------------------
0 0030744999 MORTGAGORS: ZIZIK DAVID
BAKER KAREN
REGION CODE ADDRESS : 21 PAGE FARM
01 CITY : SHERBORN
STATE/ZIP : MA 01770
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,550.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,736.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030745004 MORTGAGORS: GRUNNER GARY
GRUNNER CAROLINA
REGION CODE ADDRESS : 102-05 68TH AVENUE
01 CITY : FOREST HILLS
STATE/ZIP : NY 11375
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,863.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 89.79591
------------------------------------------------------------------
0 0030745012 MORTGAGORS: CARLSON PETER
CARLSON ANDREE
REGION CODE ADDRESS : 18561 DEVON AVENUE
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 329,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,289.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,475.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.39700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,499,500.00
P & I AMT: 11,232.49
UPB AMT: 1,498,090.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 248
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030745020 MORTGAGORS: MARTINE PAUL
MARTINE MARCIA
REGION CODE ADDRESS : 16534 SEGOVIA CIRCLE SOUTH
01 CITY : PEMBROKE PINES
STATE/ZIP : FL 33331
MORTGAGE AMOUNT : 244,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,351.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,882.30 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 93.59500
------------------------------------------------------------------
0 0030745038 MORTGAGORS: MILLER MARTIN
REGION CODE ADDRESS : 5306 BOCA MARINA CIR.
01 CITY : BOCA RATON
STATE/ZIP : FL 33487
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,450.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,306.74 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 50.00000
------------------------------------------------------------------
0 0030745046 MORTGAGORS: MELLIDES PETER
MC NULTY JOANNE
REGION CODE ADDRESS : 39 SPRINGDALE AVE
01 CITY : WHITE PLAINS
STATE/ZIP : NY 10604
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,737.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030745053 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXX
01 CITY : NORWALK
STATE/ZIP : CT 06851
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,945.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030745061 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXXX XXXX
01 CITY : ROLLING HILLS ESTATES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 318,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,337.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 54.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,321,650.00
P & I AMT: 10,050.36
UPB AMT: 1,320,085.57
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030745087 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXX XX
01 CITY : FLOYDS KNOBS
STATE/ZIP : IN 47119
MORTGAGE AMOUNT : 287,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,336.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,233.03 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030745103 MORTGAGORS: MC XXXXXX XXXXXXX
REGION CODE ADDRESS : 0 XXXXXX XXXX
01 CITY : HINGHAM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,703.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,944.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 65.78947
------------------------------------------------------------------
0 0030745111 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00 X. XXXXXXXX XXX.
01 CITY : BROOKLYN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,647.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,229.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 74.35800
------------------------------------------------------------------
0 0030745145 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,219.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,772.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 56.21900
------------------------------------------------------------------
0 0030745160 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XX
01 CITY : SAN DIMAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,619.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,399.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,369,600.00
P & I AMT: 10,578.71
UPB AMT: 1,367,526.79
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030745178 MORTGAGORS: XXXXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,696.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,922.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 65.78900
------------------------------------------------------------------
0 0030745186 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX
01 CITY : XXXXXX VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,819.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030745202 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : PLEASANTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,840.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,945.79 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 67.36800
------------------------------------------------------------------
0 0030745210 MORTGAGORS: XXXXX XXXXX
XXXXX XXXX
REGION CODE ADDRESS : 7 MAYACOO LAKES COURT
01 CITY : XXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 465,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,291.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.95172
------------------------------------------------------------------
0 0030745244 MORTGAGORS: XXXXX XXXXXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : REDDING
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 287,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,307.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.28500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,514,500.00
P & I AMT: 11,102.91
UPB AMT: 1,513,663.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030745251 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXX
01 CITY : ATLANTA
STATE/ZIP : GA 30309
MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,208.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030745269 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : XXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,595.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030745343 MORTGAGORS: XXXXX XXXX
REGION CODE ADDRESS : 165 MORNING SPRINGS WALK
01 CITY : FAIRBURN
STATE/ZIP : GA 30213
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,106.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,884.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030745376 MORTGAGORS: XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 X XX XXXXXX XXXXXX
01 CITY : LONG BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,647.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030745392 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXXX
01 CITY : FOOTHILL RANCH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 239,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,239.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,757.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.99600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,480,150.00
P & I AMT: 10,837.39
UPB AMT: 1,478,797.30
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030745426 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX
01 CITY : ALAMEDA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,744.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030745434 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXXX XXXX XXXXX
01 CITY : POWAY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 541,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 540,646.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,016.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 72.13333
------------------------------------------------------------------
0 0030745442 MORTGAGORS: XXXXXXXX XXX
XXXXXXXX XXX
REGION CODE ADDRESS : 000 XXXX XXXXX
01 CITY : GLENDALE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,849.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030745459 MORTGAGORS: XXXXXXX XXXX
REGION CODE ADDRESS : 00000 XXX XXXXXX XXXXXX
01 CITY : LAGUNA RIGUEL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,284.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,633.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030745467 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXX XXXXX XXXXX
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,838.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,400.00
P & I AMT: 11,628.81
UPB AMT: 1,570,363.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030745475 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : NASHVILLE
STATE/ZIP : TN 37215
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,461.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,935.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 88.88800
------------------------------------------------------------------
0 0030745491 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 00000 XX 000
00 CITY : CELINA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,785.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030745509 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 13481 WHITE TAIL DR.
01 CITY : TYLER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 239,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,185.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,778.29 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.86800
------------------------------------------------------------------
0 0030745517 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX
01 CITY : BROOKLYN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,695.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,854.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030745558 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXX
REGION CODE ADDRESS : 000 XXXXX XXX
01 CITY : FRANKLIN LAKES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,801.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,432.23 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 66.66600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,523,500.00
P & I AMT: 11,348.21
UPB AMT: 1,521,929.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030745574 MORTGAGORS: KING XXXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXX #00
01 CITY : VAIL
STATE/ZIP : CO 81657
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,841.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,731.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 71.29900
------------------------------------------------------------------
0 0030745590 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXX XXXXX
01 CITY : SIMI VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 379,745.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,788.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.16600
------------------------------------------------------------------
0 0030745616 MORTGAGORS: XXXXXXXXX XXXXXXXX
XXXXXXXXX XXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXXXX
01 CITY : EAST BRUNSWICK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,838.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,761.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030745624 MORTGAGORS: VAN XXXXXX XXXXX
VAN XXXXXX XXXX
REGION CODE ADDRESS : 0000 00XX XXXXXX
01 CITY : MANHATTAN BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 637,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 637,082.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,733.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 73.27500
------------------------------------------------------------------
0 0030745632 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XXXXXX
01 CITY : EAGAN
STATE/ZIP : MN 55122
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,470.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.30700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,741,500.00
P & I AMT: 12,877.59
UPB AMT: 1,739,979.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030745640 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XXXXX
00 CITY : FREMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,651.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,952.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 79.68200
------------------------------------------------------------------
0 0030745657 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXX 0000 XXXXX XXXXXX
01 CITY : SOUTH JORDAN
STATE/ZIP : UT 84095
MORTGAGE AMOUNT : 259,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,384.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,996.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 70.00000
------------------------------------------------------------------
0 0030745665 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,719.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,843.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 75.23800
------------------------------------------------------------------
0 0030745673 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXXX
01 CITY : LITTLE ROCK
STATE/ZIP : AR 72212
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,759.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,537.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.91600
------------------------------------------------------------------
0 0030745681 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXX 0 & 24
01 CITY : SILT
STATE/ZIP : CO 81652
MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,553.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.85700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,315,700.00
P & I AMT: 9,967.99
UPB AMT: 1,314,067.50
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030745699 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : BLOOMINGTON
STATE/ZIP : IL 61704
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,560.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,487.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.22200
------------------------------------------------------------------
0 0030745723 MORTGAGORS: GREEN XXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXX XXXX
01 CITY : POWAY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 237,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,432.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,702.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 83.36800
------------------------------------------------------------------
0 0030745749 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XXXXXX
01 CITY : PHOENIX
STATE/ZIP : AZ 85028
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 238,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.86500
------------------------------------------------------------------
0 0030745772 MORTGAGORS: XXXXXXXXX XXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : ST XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 423,715.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,111.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.51800
------------------------------------------------------------------
0 0030745897 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : LOS ALAMITOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 277,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,736.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,057.46 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 85.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,511,700.00
P & I AMT: 11,104.56
UPB AMT: 1,510,444.29
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030745913 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 3485 SITIO BORDE,
01 CITY : CARLSBAD,
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 332,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,871.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030746119 MORTGAGORS: MARINO XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXX
01 CITY : NORTH SALEM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 346,279.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,603.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030746135 MORTGAGORS: XXXXXXXXX XXXXXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 0 XXXX XXXXX
01 CITY : ROBISVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 228,471.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,818.85 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030746150 MORTGAGORS: XXXXX XXXXX
XXXXX XXX
REGION CODE ADDRESS : 000 XXX XXXXXXXXXX XX
00 XXXX : NEW HYDE PARK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 199,881.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,555.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 58.82300
------------------------------------------------------------------
0 0030746200 MORTGAGORS: XXXXXXXX XXXXX
REGION CODE ADDRESS : 12 THE DRAWBRIDGE
01 CITY : WOODBURY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,834.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,347.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.87500 PRODUCT CODE : 002
LTV : 59.59500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,402,200.00
P & I AMT: 10,732.69
UPB AMT: 1,401,338.87
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030746317 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXX
01 CITY : CARMEL VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 462,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 461,705.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,470.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030746465 MORTGAGORS: XXXXX XXXX
XXXXX XXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : SANTA XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,806.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030746481 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,840.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,557.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 63.76800
------------------------------------------------------------------
0 0030746515 MORTGAGORS: XXX XXXXX
XXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 233,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,485.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,715.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030746523 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXX XXXXX XXXX
00 CITY : LAKESIDE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,697.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 59.21000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,436,800.00
P & I AMT: 10,592.34
UPB AMT: 1,435,534.75
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030746556 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : AGOURA HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,784.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,185.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.39024
------------------------------------------------------------------
0 0030746572 MORTGAGORS: PAN XXXXX-ZEN
PAN LULU
REGION CODE ADDRESS : 00000 XXXXX XXX
01 CITY : CUPERTINO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 60.00000
------------------------------------------------------------------
0 0030746606 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 402 VISTA TRUCHA
01 CITY : NEWPORT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,840.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,682.17 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030746630 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXXX XXXXX
01 CITY : FAIRFAGO
STATE/ZIP : VA 22033
MORTGAGE AMOUNT : 222,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,542.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,615.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.95100
------------------------------------------------------------------
0 0030746648 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95138
MORTGAGE AMOUNT : 407,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 406,837.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,953.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,467,250.00
P & I AMT: 10,612.20
UPB AMT: 1,465,798.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030746655 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 1433-1435 14TH AVE.
01 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 367,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 367,090.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,631.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99700
------------------------------------------------------------------
0 0030746879 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95117
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030746911 MORTGAGORS: XXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : CORAL GABLES
STATE/ZIP : FL 33146
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,109.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030747000 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 505 XXX XXXXXXX
00 CITY : PALOS VERDES ESTATES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 369,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,270.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,808.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 72.45000
------------------------------------------------------------------
0 0030747133 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX XXXX
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 287,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,546.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,061.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,602,100.00
P & I AMT: 11,760.13
UPB AMT: 1,601,407.97
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030747315 MORTGAGORS: XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXX
01 CITY : SAN XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,310.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030747323 MORTGAGORS: XXXXXXXXX XXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXX, XX
01 CITY : LEESBURG
STATE/ZIP : VA 20175
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,856.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,633.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99833
------------------------------------------------------------------
0 0030747331 MORTGAGORS: XXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXX
01 CITY : VISTA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,694.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,665.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 86.31178
------------------------------------------------------------------
0 0030747349 MORTGAGORS: XXXXXX XXXXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXXX XX
01 CITY : VALENCIA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 217,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,142.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,538.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.27000
------------------------------------------------------------------
0 0030747356 MORTGAGORS: XXXXXXXXXX XXXX
XXXXXXXXXX XXXX
REGION CODE ADDRESS : 8 TRAILWOOD
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 287,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,701.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,087.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,304,200.00
P & I AMT: 9,476.92
UPB AMT: 1,302,705.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030747372 MORTGAGORS: XXXX XXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXX
01 CITY : MILPITAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 334,775.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,458.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.97100
------------------------------------------------------------------
0 0030747380 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 16527 XXXXXXX XXXXXXXXX
00 CITY : POWAY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 304,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,979.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,207.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030747398 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXXXX JAX
REGION CODE ADDRESS : 0000 XXXX XXXXX
01 CITY : XXXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 278,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,108.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,017.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 84.98700
------------------------------------------------------------------
0 0030747406 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXXX
01 CITY : FOOTHILL RANCH AREA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,108.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98700
------------------------------------------------------------------
0 0030747422 MORTGAGORS: ZHOU GENGQIANG
XXXX XX
REGION CODE ADDRESS : 000 XXXXX XXXX
01 CITY : ALAMEDA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,412.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,902.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,441,600.00
P & I AMT: 10,391.97
UPB AMT: 1,440,384.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030747455 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX
01 CITY : XXXXXX CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,836.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.76 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.49200
------------------------------------------------------------------
0 0030747463 MORTGAGORS: XXXXXXX XXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 415,691.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,908.73 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 52.00000
------------------------------------------------------------------
0 0030747471 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXXX
01 CITY : SCOTTS VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,830.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.92300
------------------------------------------------------------------
0 0030747489 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXX
01 CITY : WALNUT CREEK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 271,808.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,948.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030747497 MORTGAGORS: XXXXXXXXXX XXXX
XXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXXX
01 CITY : WILMINGTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 278,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,348.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,971.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,463,550.00
P & I AMT: 10,479.08
UPB AMT: 1,462,514.41
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030747505 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXXXXXX XXXXX
01 CITY : ANAHEIM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,809.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,934.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030747513 MORTGAGORS: XXXXXXXX XXXXX
XXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : BELMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 358,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,446.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,569.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99700
------------------------------------------------------------------
0 0030747521 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : SANTA XXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 214,848.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,540.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.15100
------------------------------------------------------------------
0 0030747547 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXX
01 CITY : COLLEGEVILLE
STATE/ZIP : PA 19460
MORTGAGE AMOUNT : 291,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,083.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,036.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 94.98469
------------------------------------------------------------------
0 0030747570 MORTGAGORS: KNEE XXXXXXX
KNEE XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXX XX
01 CITY : ALBUQUERQUE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,569.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,806.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.80600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,370,000.00
P & I AMT: 9,888.16
UPB AMT: 1,368,758.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030747596 MORTGAGORS: HO JIEH-MIN
XXX XX-XXX
REGION CODE ADDRESS : 000 XXXXXX XXXXX
01 CITY : FREMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,829.93 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,930.49 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 48.68900
------------------------------------------------------------------
0 0030747653 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXXX XXXXX
01 CITY : BERNARDS TOWNSHIP
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,781.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,062.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99100
------------------------------------------------------------------
0 0030747679 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX
01 CITY : HONOLULU
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,683.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.00000
------------------------------------------------------------------
0 0030747687 MORTGAGORS: MC XXXXX XXXXXXX
MC XXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : DOYLESTOWN
STATE/ZIP : PA 18901
MORTGAGE AMOUNT : 314,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,761.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.59700
------------------------------------------------------------------
0 0030747950 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXX XXXXX XXXX X
01 CITY : HERMOSA BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,819.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,000.00
P & I AMT: 10,861.57
UPB AMT: 1,523,874.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030747976 MORTGAGORS: XXXX XXXXXXX
XXXX XXXX
REGION CODE ADDRESS : 3 CORNSILK
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,325.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,838.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 85.93200
------------------------------------------------------------------
0 0030748024 MORTGAGORS: XXXXXX XXXXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0 XXXX XXXX
01 CITY : COLORADO SPRINGS
STATE/ZIP : CO 80906
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,671.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,790.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030748065 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX
01 CITY : OMAHA
STATE/ZIP : NE 68116
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,249.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,840.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030748073 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX XXXXX
01 CITY : PAPILLION
STATE/ZIP : NE 68046
MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,339.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030748131 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXXX XXXXXX
01 CITY : PHOENIX
STATE/ZIP : AZ 85020
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 369,501.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,714.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 78.72300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,515,500.00
P & I AMT: 11,224.91
UPB AMT: 1,514,087.75
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030748255 MORTGAGORS: XXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXX
01 CITY : XXXXXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 304,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,200.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,260.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 89.99900
------------------------------------------------------------------
0 0030748362 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XXXXXX # 5
01 CITY : PARK CITY
STATE/ZIP : UT 84060
MORTGAGE AMOUNT : 236,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,449.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,777.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.00000
------------------------------------------------------------------
0 0030748404 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XXXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,760.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030748446 MORTGAGORS: XXXXXX XXXXXX
REGION CODE ADDRESS : 0 XXXXXXXXXX XXXXX
01 CITY : WASHINGTON TWP
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,833.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,114.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 83.33300
------------------------------------------------------------------
0 0030748453 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 5100 SAN XXXXXX # 384
01 CITY : HOUSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,449.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 63.84600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,571,000.00
P & I AMT: 11,669.37
UPB AMT: 1,569,692.82
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030748479 MORTGAGORS: XXXXXXXXXXX XXXXX
XXXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 7032 XXXXX XXXX
01 CITY : PLEASANTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 261,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,857.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,939.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030748487 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 00XX XXXXXX
01 CITY : BEAUMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,689.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.23000
------------------------------------------------------------------
0 0030748511 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX XXXXX
01 CITY : DOUBLE OAK, XXXXXX COUNTY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,210.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,857.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98500
------------------------------------------------------------------
0 0030748537 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXX XXXXX
00 CITY : SANDIA PARK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 268,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,660.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030748545 MORTGAGORS: FRAME XXXXX
FRAME XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXXXX XXXX XX
01 CITY : ALBUQUERQUE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 519,659.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,860.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,537,450.00
P & I AMT: 11,215.15
UPB AMT: 1,536,076.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030748560 MORTGAGORS: XXXXXXXXXXX A.
XXXXXXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXX
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 326,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,119.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.98900
------------------------------------------------------------------
0 0030748578 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : MILL VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 279,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,207.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,025.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.70400
------------------------------------------------------------------
0 0030748594 MORTGAGORS: MAR XXXXXX
MAR BETTZAN
REGION CODE ADDRESS : 0000 XXXXXX XXXX XXXXX
01 CITY : SACRAMENTO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,828.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,020.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 69.87000
------------------------------------------------------------------
0 0030748610 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 000 XXXX XX XXXX XXXX
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,447.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,800.04 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030749139 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 00 XXXXXXXXXX XXXX
01 CITY : KITTERY POINT
STATE/ZIP : ME 03905
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,517.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,952.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 78.36700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,498,350.00
P & I AMT: 11,137.44
UPB AMT: 1,497,120.43
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030749261 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
00 XXXX : XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,829.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030749295 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXX XXXXX
01 CITY : FREMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,774.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,378.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030749345 MORTGAGORS: KING XXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXXX
01 CITY : ATLANTA
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 230,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,960.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.27 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 89.99500
------------------------------------------------------------------
0 0030749386 MORTGAGORS: XXXXX M.
XXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXX XXXXX
01 CITY : SALEM
STATE/ZIP : OR 97302
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030749394 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXX XXXX
01 CITY : SAN MARCOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 351,757.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,446,100.00
P & I AMT: 10,586.13
UPB AMT: 1,445,123.74
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030749428 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 718 CAMINO AMIGO
01 CITY : DANVILLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,755.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,581.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030749436 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXX
REGION CODE ADDRESS : 4714 DREAM CATCHER AVENUE
01 CITY : LAS VEGAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,788.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,311.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.92100
------------------------------------------------------------------
0 0030749451 MORTGAGORS: XXXXXX XXXX
XXXXXXX-XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXX XXXXX
01 CITY : BRISTOL
STATE/ZIP : CT 06010
MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,839.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.68200
------------------------------------------------------------------
0 0030749469 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXX
01 CITY : CHINO HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,850.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,689.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,673.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030749477 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 28422 XXX XXX XXXXXX
00 CITY : SAN XXXX CAPISTRANO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 340,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,859.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.99700
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,492,950.00
P & I AMT: 10,888.63
UPB AMT: 1,491,932.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030749485 MORTGAGORS: GHAJAR ALI
REGION CODE ADDRESS : 10920 XXXX PLACE
01 CITY : TUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 213,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 213,617.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.66 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030749543 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 00 XXXXXXXXX XXXX
01 CITY : BOXFORD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 382,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,873.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030749600 MORTGAGORS: XXXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX XXXXX
01 CITY : MINNEAPOLIS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,709.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,769.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 07/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.63700
------------------------------------------------------------------
0 0030749618 MORTGAGORS: XXXXXX XXXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXXX XXXXX
01 CITY : WOODBURY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,618.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 65.35947
------------------------------------------------------------------
0 0030749642 MORTGAGORS: XXXXXXX XXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX XXXXX
01 CITY : MINNEAPOLIS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,322.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,834.42 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.96300
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,346,250.00
P & I AMT: 9,828.84
UPB AMT: 1,343,766.82
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030749659 MORTGAGORS: XXXXXXXXXX XXXXXX
XXXXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 00XX XXXXXX XXXX
01 CITY : MINNEAPOLIS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,467.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.13900
------------------------------------------------------------------
0 0030749667 MORTGAGORS: ELHAI XXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX XXXXX
01 CITY : MINNEAPOLIS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,484.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,670.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/26
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.51500
------------------------------------------------------------------
0 0030750236 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0 XXXX XXXXX XXXX
01 CITY : XXXX XXXXX
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,802.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,932.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.60300
------------------------------------------------------------------
0 0030750384 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX,
00 XXXX : SOUTHLAKE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,870.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,865.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030750400 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXXX XXX
01 CITY : LA JOLLA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 438,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 438,220.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,294.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.26000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,448,700.00
P & I AMT: 10,553.18
UPB AMT: 1,446,844.58
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030750434 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 X XXXX
00 XXXX : GRAND JUCTION
STATE/ZIP : CO 81503
MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,579.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,080.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030750442 MORTGAGORS: XXXXXX XXXX
XXXXXX LOUISA
REGION CODE ADDRESS : 000 00XX XXXXXX
01 CITY : MANHATTAN BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 439,417.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,305.58 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 73.33300
------------------------------------------------------------------
0 0030750467 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXXX
01 CITY : WEST LINN
STATE/ZIP : OR 97068
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,824.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,065.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.57100
------------------------------------------------------------------
0 0030750483 MORTGAGORS: XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 233,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,608.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,797.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 85.00000
------------------------------------------------------------------
0 0030750491 MORTGAGORS: BLOWER XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 232,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,505.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.99795
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,150.00
P & I AMT: 11,017.92
UPB AMT: 1,453,935.63
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030750509 MORTGAGORS: XXXXX XXXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXX
01 CITY : DAMASCUS
STATE/ZIP : MD 20872
MORTGAGE AMOUNT : 264,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,181.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,985.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 85.00000
------------------------------------------------------------------
0 0030750517 MORTGAGORS: XXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : SILVER SPRINGS
STATE/ZIP : MD 20904
MORTGAGE AMOUNT : 225,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,998.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,652.08 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030750822 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXX
01 CITY : WALL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,774.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.45 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030750855 MORTGAGORS: XXXX XXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXX
01 CITY : LOWER SALFORD TWSP
STATE/ZIP : PA 19438
MORTGAGE AMOUNT : 262,160.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,965.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,833.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030750863 MORTGAGORS: NABIPOUR XXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0 XXX XXXX XXXXX
01 CITY : SAN XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 261,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 261,415.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,874.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,349,260.00
P & I AMT: 9,810.70
UPB AMT: 1,348,335.71
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030750871 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXXX
REGION CODE ADDRESS : 2729 CORTE SAN BLAS
01 CITY : PLEASANTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,821.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,885.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.23200
------------------------------------------------------------------
0 0030750889 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : SYKESVILLE
STATE/ZIP : MD 21784
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,323.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,660.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030750905 MORTGAGORS: XXXXXX-XXXXXXX XXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : XXX 00 XXXXX XXXX
01 CITY : WEST PIKELAND TWSP
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 499,638.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.51900
------------------------------------------------------------------
0 0030750913 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXXX
01 CITY : LOWER MAKEFIELD TWSP
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 230,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,400.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,630.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030751382 MORTGAGORS: JADELRAB ABELMASSEH
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : BURLINGAME
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 455,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 454,909.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,419.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.15200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,683,100.00
P & I AMT: 12,135.31
UPB AMT: 1,682,092.66
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030751390 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXX XXXXX
01 CITY : LASFAYETTE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 386,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 385,530.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,968.01 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 85.77700
------------------------------------------------------------------
0 0030751408 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX ASHA
REGION CODE ADDRESS : 8011-13 VENETIAN DRIVE
01 CITY : ST. LOUIS
STATE/ZIP : MO 63105
MORTGAGE AMOUNT : 287,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,171.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,184.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 77.24462
------------------------------------------------------------------
0 0030751416 MORTGAGORS: ALI-AHMAD XXXXXX
XXX-XXXXX XXXXXX
REGION CODE ADDRESS : 5 SHADWELL
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,821.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,103.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.91500
------------------------------------------------------------------
0 0030751424 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 7248 E. WING SHADOW ROAD
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85258
MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,247.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030751432 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXX
01 CITY : SANTA XXX AREA,
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,326.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 76.76000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,465,250.00
P & I AMT: 11,101.38
UPB AMT: 1,464,097.07
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030751440 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXX XXXXXX
01 CITY : JAMAICA PLAIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,826.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,967.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 76.81100
------------------------------------------------------------------
0 0030751481 MORTGAGORS: XXXXX XXXXX
REGION CODE ADDRESS : 0 XXXXXX XXXXXX
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,768.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030751515 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 00 XXXXXX XXXXXX
01 CITY : ALISO VIEJO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 221,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,658.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,666.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.21400
------------------------------------------------------------------
0 0030751564 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : ENCINO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,834.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 50.53763
------------------------------------------------------------------
0 0030751606 MORTGAGORS: XXX XXXXX
XXX XXXXX
REGION CODE ADDRESS : 000 XXXXX XXXXXX # 0
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,219,800.00
P & I AMT: 9,029.19
UPB AMT: 1,219,319.36
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030751739 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00 XXXXXXXX XXXXX
01 CITY : EATONTOWN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,837.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,592.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.86400
------------------------------------------------------------------
0 0030751762 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXXX
01 CITY : BUCH
STATE/ZIP : LA 70431
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.63900
------------------------------------------------------------------
0 0030751788 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 307,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,193.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,255.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98700
------------------------------------------------------------------
0 0030751796 MORTGAGORS: XXXXXXXX XXXX
XXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXX
01 CITY : LONGMONT
STATE/ZIP : CO 80503
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,810.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.27200
------------------------------------------------------------------
0 0030751812 MORTGAGORS: XXXXXXX XXXXX
XXXXXX-XXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXXXXX XXXX
00 CITY : MORRISTOWN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,807.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,030.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,317,400.00
P & I AMT: 9,474.01
UPB AMT: 1,316,476.89
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030751820 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XX XXXXXXX X.X.
01 CITY : CORRALES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,010.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030751853 MORTGAGORS: XXXX XXXXX
XXX XXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : TEMPLE CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,827.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,812.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.36500
------------------------------------------------------------------
0 0030751861 MORTGAGORS: XXXXXXX XXXXXX
XXXXX-XXXXXXX XXXX
REGION CODE ADDRESS : 000 00XX XXXXXX
01 CITY : BOULDER
STATE/ZIP : CO 80302
MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 350,945.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,485.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030751887 MORTGAGORS: DE DIEGO XXXXXXX
DE DIEGO TAURA
REGION CODE ADDRESS : 0000 XXXXX XXXX
01 CITY : DALLAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 390,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,474.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,799.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.74400
------------------------------------------------------------------
0 0030751911 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX NELLY
REGION CODE ADDRESS : 0 XXXXXXXX XXXXX
01 CITY : BLUFFTON
STATE/ZIP : SC 29910
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,688.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 51.16200
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,494,350.00
P & I AMT: 10,721.53
UPB AMT: 1,492,946.45
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030751937 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXX XXXX XXXX
01 CITY : BREWSTER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 216,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,347.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,551.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 72.65100
------------------------------------------------------------------
0 0030752000 MORTGAGORS: XXXXXXX XXXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XX XXXXXX XXX
01 CITY : BELMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 323,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,237.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 89.99800
------------------------------------------------------------------
0 0030752331 MORTGAGORS: XXXX XXXXXXX
XXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,758.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,450.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030752349 MORTGAGORS: XXXX XXX
SHEN NAIPING
REGION CODE ADDRESS : 00000 XXXXXXXX-XXXXXXXXX XXXX
01 CITY : SARATOGA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,816.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,156.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 57.40000
------------------------------------------------------------------
0 0030752380 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX
01 CITY : CARLSBAD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,785.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,348.05 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,489,450.00
P & I AMT: 10,742.80
UPB AMT: 1,488,658.09
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030752398 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXXXX
01 CITY : EL CERRITO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,768.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030752430 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXX XXXX
01 CITY : XXXX XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,754.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,784.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 50.00000
------------------------------------------------------------------
0 0030752448 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXX XXXXX
01 CITY : GILROY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 422,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 422,216.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,100.16 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 72.84400
------------------------------------------------------------------
0 0030752463 MORTGAGORS: XXXXX XXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00000 XX XXXXXX XXXXX
01 CITY : HAYWARD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 217,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,457.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,615.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030752489 MORTGAGORS: XXXX XXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX
01 CITY : DAVIDSONVILLE
STATE/ZIP : MD 21035
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 339,794.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,614.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,675,100.00
P & I AMT: 12,379.46
UPB AMT: 1,673,991.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030752497 MORTGAGORS: XXXXXXXXXX R
XXXXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
01 CITY : PETALUMA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,858.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,725.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 65.79700
------------------------------------------------------------------
0 0030752620 MORTGAGORS: XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : UNIVERSITY PARK
STATE/ZIP : TX 75205
MORTGAGE AMOUNT : 364,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 364,555.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,676.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030752646 MORTGAGORS: PAGE XXXXXXX
XXXX JULIET
REGION CODE ADDRESS : 000 XXXXXXXXXX XXXX
01 CITY : XXXXXX
STATE/ZIP : MD 21012
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,810.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030752661 MORTGAGORS: XXXXXX XXXXXXX
XXXXX XXX
REGION CODE ADDRESS : 0000 XXXXXXX XX
01 CITY : HOUSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 335,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,474.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,463.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030752687 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000-0000 XXXXXXX XXXXXX
01 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 359,515.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,641.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/26
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,563,500.00
P & I AMT: 11,508.14
UPB AMT: 1,562,214.22
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030752695 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX XXXXX
01 CITY : KINGSTON
STATE/ZIP : TN 37763
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,749.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,955.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/22
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.84000
------------------------------------------------------------------
0 0030752703 MORTGAGORS: XXXXXXXX XXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 12513 COTTAGE COVE COURT
01 CITY : RICHMOND
STATE/ZIP : VA 23233
MORTGAGE AMOUNT : 226,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030752711 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXX XXXXXX
01 CITY : DENVER
STATE/ZIP : CO 80218
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 449,713.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,380.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 62.06800
------------------------------------------------------------------
0 0030752745 MORTGAGORS: XXXXXX XXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX XXXXXX
01 CITY : PORTLAND
STATE/ZIP : OR 97219
MORTGAGE AMOUNT : 328,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,723.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,385.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030752794 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : WESTMINSTER
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 227,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,543.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,650.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,481,450.00
P & I AMT: 10,996.99
UPB AMT: 1,480,529.61
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030752836 MORTGAGORS: XXXXXXX XXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XX. XXXXX XXXXX
01 CITY : GARLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,847.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,672.98 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030752851 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX
01 CITY : BERKELEY HEIGHTS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 227,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,551.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,690.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030752877 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 7751 N. DREAMY DRAW DRIVE
01 CITY : PHOENIX
STATE/ZIP : AZ 85020
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,046.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.35 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030752901 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXXX
01 CITY : WACCABUC
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 356,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 355,998.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,552.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030752927 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : PEARL CITY
STATE/ZIP : HI 96782
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,714.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 70.75400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,422,150.00
P & I AMT: 10,252.25
UPB AMT: 1,421,157.44
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030752950 MORTGAGORS: XXX XXXX
XXX DUKYU
REGION CODE ADDRESS : 00000 XXXXXXXX XXXXXX
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,835.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,669.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.45100
------------------------------------------------------------------
0 0030752976 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 44610 BELLVIEW COURT
01 CITY : TALL TIMBERS
STATE/ZIP : MD 20690
MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,855.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.92900
------------------------------------------------------------------
0 0030753008 MORTGAGORS: XXXXX XXXX
XXXXX XXXX
REGION CODE ADDRESS : 412 X. XXXXXXX
01 CITY : BAYTOWN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,841.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.16400
------------------------------------------------------------------
0 0030753024 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 25 NEW HAVEN
01 CITY : LAGUNA NIGUEL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 409,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,113.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030753073 MORTGAGORS: XXXXXXX XXXXXXX
XXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 00XX XXXXXX
01 CITY : SAN FRANCISCO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 242,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,929.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,734.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,336,700.00
P & I AMT: 9,834.24
UPB AMT: 1,336,061.13
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG0004970230 00 01
PAGE: 000
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ------------------------------------------------------------------
0 0030753115 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 0000 X. XXXXXX XXXX 29
01 CITY : LOVELAND
STATE/ZIP : CO 80537
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,834.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,683.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 58.75000
------------------------------------------------------------------
0 0030753123 MORTGAGORS: XXXX XXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXX XXXXXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,563.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,769.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 68.49300
------------------------------------------------------------------
0 0030753156 MORTGAGORS: XXXXXXX XXXX
XXXXXXX ANDREA
REGION CODE ADDRESS : 12624 6/51 AVENUE WEST
01 CITY : MUKILTEO
STATE/ZIP : WA 98275
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.45635
------------------------------------------------------------------
0 0030753164 MORTGAGORS: HOFFMAN KENNETH
ZUCKERMAN-HOFFMAN DEBORAH
REGION CODE ADDRESS : 445 RIVENDELL LANE
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,798.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030753594 MORTGAGORS: MAO SHAUN
MAO JUDY
REGION CODE ADDRESS : 1552 PROVINCETOWN DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95129
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,779.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,320.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.22600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,703,000.00
P & I AMT: 12,362.47
UPB AMT: 1,702,001.31
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 288
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030753602 MORTGAGORS: CONOVER KEITH
CONOVER ELLEN
REGION CODE ADDRESS : 1206 SANDRA DRIVE
01 CITY : SAN JOSE
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 256,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,286.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,926.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.98200
------------------------------------------------------------------
0 0030753610 MORTGAGORS: TATTLE PETER
TATTLE JILLIAN
REGION CODE ADDRESS : 49 SARATOGA DRIVE
01 CITY : CRANBIERY
STATE/ZIP : NJ 08512
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,802.38 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,005.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030753628 MORTGAGORS: MARTIN JOSEPH
MARTIN MARY
REGION CODE ADDRESS : 11 COOLIDGE PARK
01 CITY : WAKEFIELD
STATE/ZIP : MA 01880
MORTGAGE AMOUNT : 241,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,142.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.64 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030753644 MORTGAGORS: EBERHART H
EBERHART BARBARA
REGION CODE ADDRESS : 7424 BALFOURE CIRCLE
01 CITY : DUBLIN
STATE/ZIP : OH 43017
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,518.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,878.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 89.99700
------------------------------------------------------------------
0 0030753768 MORTGAGORS: FARAGHER DAVID
REGION CODE ADDRESS : 1266 SOUTH ELIZABETH STREET
01 CITY : DENVER
STATE/ZIP : CO 80210
MORTGAGE AMOUNT : 277,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,964.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,033.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 83.98400
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,304,900.00
P & I AMT: 9,636.01
UPB AMT: 1,303,713.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 289
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030753784 MORTGAGORS: BOWLING GARY
BOWLING CAROLYN
REGION CODE ADDRESS : 46 SHORLINE
01 CITY : FLORENCE
STATE/ZIP : OR 97439
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,802.06 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 51.57300
------------------------------------------------------------------
0 0030753792 MORTGAGORS: MANCHIKES LLOYD
REGION CODE ADDRESS : 2440 OLD BLOOMFIELD RD
01 CITY : BARDSTOWN
STATE/ZIP : KY 40004
MORTGAGE AMOUNT : 226,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,248.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,661.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030753826 MORTGAGORS: KLEINROCK ROBERT
KLEINROCK MARIE
REGION CODE ADDRESS : 44 HERMOSA AVENUE
01 CITY : OAKLAND
STATE/ZIP : CA 94618
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,734.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,693.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030753859 MORTGAGORS: MINSK ALAN
OFSTEDAHL KARI
REGION CODE ADDRESS : 1755 CRO VALLEY CIRCLE
01 CITY : WALNUT CREEK
STATE/ZIP : CA 94596
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 391,723.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,808.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030753867 MORTGAGORS: NAKAGAMI JASON
REGION CODE ADDRESS : 1051 MACHADO LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95127
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,845.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,631.41 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,514,400.00
P & I AMT: 10,959.32
UPB AMT: 1,513,353.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 290
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030753933 MORTGAGORS: HOLZER CHARLES
HOLZER HELEN
REGION CODE ADDRESS : 2109 JARROD PLACE
01 CITY : SMYRN
STATE/ZIP : GA 30008
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,599.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,102.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/26
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.45200
------------------------------------------------------------------
0 0030754147 MORTGAGORS: SMITH GARY
SMITH NANCY
REGION CODE ADDRESS : 843 HARTE STREET
01 CITY : MONTARA
STATE/ZIP : CA 94037
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,832.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,705.06 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 71.04400
------------------------------------------------------------------
0 0030754170 MORTGAGORS: SUPAN JOHN
SUPAN ANTOINETTE
REGION CODE ADDRESS : 372 DEVONSHIRE BOULEVARD
01 CITY : SAN CARLOS
STATE/ZIP : CA 94070
MORTGAGE AMOUNT : 389,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 388,845.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,889.06 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.60600
------------------------------------------------------------------
0 0030754220 MORTGAGORS: GOODMAN LAWRENCE
GOODMAN ROSALYN
REGION CODE ADDRESS : 732 BUTTERNUT DRIVE
01 CITY : FRANKLIN LAKES
STATE/ZIP : NJ 07417
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,787.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,691.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 55.11800
------------------------------------------------------------------
0 0030754378 MORTGAGORS: HERBST GERARD
HERBST YVONNE
REGION CODE ADDRESS : 2399 BRIGHTON PLACE
01 CITY : JEFFERSONTON
STATE/ZIP : VA 22724
MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 301,297.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,212.31 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,568,600.00
P & I AMT: 11,600.33
UPB AMT: 1,567,362.69
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 291
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030754394 MORTGAGORS: LOVE ARTHUR
HAWTHORNE SANDRA
REGION CODE ADDRESS : 12851 BISHOP LANE
01 CITY : MENDOCINO
STATE/ZIP : CA 95460
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 47.27200
------------------------------------------------------------------
0 0030754402 MORTGAGORS: MORGAN DONALD
SMITH KAREN
REGION CODE ADDRESS : 3012 OLIVER STREET N.W.
01 CITY : WASHINGTON
STATE/ZIP : DC 20015
MORTGAGE AMOUNT : 222,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,592.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,595.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030754410 MORTGAGORS: BAVISTER MICHAEL
BAVISTER CHERYL
REGION CODE ADDRESS : 36449 SPRUCE STREET
01 CITY : NEWARK
STATE/ZIP : CA 94560
MORTGAGE AMOUNT : 223,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 222,942.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,598.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 94.98100
------------------------------------------------------------------
0 0030754436 MORTGAGORS: BEAULIEU AMY
ANDREWS CHRISTOPHER
REGION CODE ADDRESS : 1544 CYPRESS AVENUE
01 CITY : BURLINGAME
STATE/ZIP : CA 94010
MORTGAGE AMOUNT : 434,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 434,101.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,149.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030754493 MORTGAGORS: LEVINE RONALD
LEVINE SANDRA
REGION CODE ADDRESS : 108 FAIRWAY VIEW DRIVE
01 CITY : COMMACK
STATE/ZIP : NY 11725
MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 383,761.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,918.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,524,250.00
P & I AMT: 11,125.18
UPB AMT: 1,523,214.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 292
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030754527 MORTGAGORS: KRIEGER AYALA
REGION CODE ADDRESS : 19 BOND ST UNIT # 4A
01 CITY : NEW YORK
STATE/ZIP : NY 10012
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,864.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,788.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 69.69600
------------------------------------------------------------------
0 0030754568 MORTGAGORS: SCHMIDT KEVIN
SCHMIDT MARJORIE
REGION CODE ADDRESS : 6020 156TH STREET SOUTHEAST
01 CITY : SNOHOMISH
STATE/ZIP : WA 98290
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,083.29 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,756.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.93386
------------------------------------------------------------------
0 0030754873 MORTGAGORS: DONATH ROBERT
DONATH KATHRYN
REGION CODE ADDRESS : 1601 ARK STREET
01 CITY : SAN MATEO
STATE/ZIP : CA 94403
MORTGAGE AMOUNT : 233,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,404.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,775.15 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030754907 MORTGAGORS: HOLLAND STEVE
HOLLAND AMY
REGION CODE ADDRESS : 2767 HUFF DRIVE
01 CITY : PLEASANTON
STATE/ZIP : CA 94588
MORTGAGE AMOUNT : 268,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,528.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,018.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 74.74200
------------------------------------------------------------------
0 0030755011 MORTGAGORS: CHURCHILL ROBERT
CHURCHILL MARY
REGION CODE ADDRESS : 1432 STERLING ROAD
01 CITY : REDLANDS
STATE/ZIP : CA 95373
MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 378,739.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,748.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 75.80000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,353,500.00
P & I AMT: 10,087.22
UPB AMT: 1,352,620.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 293
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030755037 MORTGAGORS: RICHMOND JOHN
RICHMOND CHERYL
REGION CODE ADDRESS : 3560 RADCLIFF ROAD
01 CITY : THOUSAND OAKS
STATE/ZIP : CA 91360
MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 231,848.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,722.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030755045 MORTGAGORS: BERNARDO MICHAEL
BERNARDO JANIS
REGION CODE ADDRESS : 224 CALDWELL AVENUE
01 CITY : LOS GATOS
STATE/ZIP : CA 95032
MORTGAGE AMOUNT : 391,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 390,724.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,801.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 65.16600
------------------------------------------------------------------
0 0030755086 MORTGAGORS: BENKENSHTADT POLINA
FEYDER ALEXANDER
REGION CODE ADDRESS : 7413 COLCHESTER LANE
01 CITY : WEST BLOOMFIELD
STATE/ZIP : MI 48322
MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,829.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,863.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.92500
------------------------------------------------------------------
0 0030755102 MORTGAGORS: KELLY VIRGINA
REGION CODE ADDRESS : 19504 RONALD AVENUE
01 CITY : TORRANCE
STATE/ZIP : CA 90503
MORTGAGE AMOUNT : 291,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,299.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.78300
------------------------------------------------------------------
0 0030755110 MORTGAGORS: KELLY FRED
KELLY SHERRY
REGION CODE ADDRESS : 110 BRADLEY COURT
01 CITY : NEWNAN
STATE/ZIP : GA 30263
MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,456,500.00
P & I AMT: 10,589.33
UPB AMT: 1,455,503.01
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 294
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030755144 MORTGAGORS: CHRISTENSEN STEVEN
CHRISTENSEN CHRISTINA
REGION CODE ADDRESS : 39 SAN PABLO COURT
01 CITY : MORGA
STATE/ZIP : CA 94556
MORTGAGE AMOUNT : 309,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,675.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,193.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.87500
------------------------------------------------------------------
0 0030755185 MORTGAGORS: FRY ALDEN
FRY SHEILA
REGION CODE ADDRESS : 17814 ENGLISH IVY LANE
01 CITY : SPRING
STATE/ZIP : TX 77379
MORTGAGE AMOUNT : 233,320.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,163.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,712.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030755359 MORTGAGORS: PEDERSEN CARL
PEDERSEN MICHELE
REGION CODE ADDRESS : 13414 65TH AVENUE WEST
01 CITY : EDMONDS
STATE/ZIP : WA 98026
MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,777.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,436.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030755375 MORTGAGORS: DHULLA HEMANT
DHULLA DIVYA
REGION CODE ADDRESS : 7125 HEARTLAND WAY
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 323,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,077.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,344.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 78.85300
------------------------------------------------------------------
0 0030755433 MORTGAGORS: KITRILAKIS STELIO
REGION CODE ADDRESS : 1450 SANCHEZ STREET
01 CITY : SAN FRANCISCO
STATE/ZIP : CA 94131
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,738.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,969.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,598,520.00
P & I AMT: 11,655.71
UPB AMT: 1,597,432.24
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 295
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030755458 MORTGAGORS: CREEDON MICHAEL
CREEDON SHELIAH
REGION CODE ADDRESS : 8246 ARDENNESS DRIVE
01 CITY : SACRAMENTO
STATE/ZIP : CA 95829
MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 283,814.22 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,108.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 94.99916
------------------------------------------------------------------
0 0030755466 MORTGAGORS: HART JAMES
MCKEOWN KELLIE
REGION CODE ADDRESS : 2725 SEQUOIA WAY
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 274,820.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,041.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 61.11100
------------------------------------------------------------------
0 0030755474 MORTGAGORS: BRADY JOHN
BRADY CINDY
REGION CODE ADDRESS : 23494 CALISTOGA PLACE
01 CITY : RAMONA
STATE/ZIP : CA 92065
MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,812.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,047.21 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.50000
------------------------------------------------------------------
0 0030756043 MORTGAGORS: PACKER MICHAEL
PACKER LYNDA
REGION CODE ADDRESS : 23 FURLONG DR.
01 CITY : CHERRY HILL
STATE/ZIP : NJ 08003
MORTGAGE AMOUNT : 330,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,110.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,338.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99300
------------------------------------------------------------------
0 0030756050 MORTGAGORS: SAMSON ALLAN
SAMSON BARBARA
REGION CODE ADDRESS : 16 CHERRY CIRCLE
01 CITY : GLEN MILLS
STATE/ZIP : PA 19342
MORTGAGE AMOUNT : 336,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,956.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,379.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.67605
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,504,550.00
P & I AMT: 10,915.59
UPB AMT: 1,503,514.68
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 296
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030756076 MORTGAGORS: CHU YAOHAN
CHU ELIZABETH
REGION CODE ADDRESS : 11241 POTOMAC CREST DRIVE
01 CITY : POTOMAC
STATE/ZIP : MD 20854
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,823.54 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 53.19100
------------------------------------------------------------------
0 0030756142 MORTGAGORS: CHEN PRAKOON
HSU EMILY
REGION CODE ADDRESS : 227 BEAR COURT
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 262,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 262,214.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,879.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030756167 MORTGAGORS: KARL WILLIAM
KARL PAULA
REGION CODE ADDRESS : 32 HAWTHORNE PLACE
01 CITY : NORTH ANDOVER
STATE/ZIP : MA 01845
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,841.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,611.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030756183 MORTGAGORS: WEINSTEIN SARAJANE
WEINSTEIN JACK
REGION CODE ADDRESS : 620 CHINOOK DRIVE
01 CITY : UWCHLAN TOWNSHIP
STATE/ZIP : PA 19335
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,111.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,696.86 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 94.77300
------------------------------------------------------------------
0 0030756217 MORTGAGORS: MOYER DREW
MOYER MELINDA
REGION CODE ADDRESS : 105 HOLLY DRIVE
01 CITY : MONTGOMERY
STATE/ZIP : PA 19446
MORTGAGE AMOUNT : 232,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,031.94 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,643.50 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,192,850.00
P & I AMT: 8,623.20
UPB AMT: 1,192,022.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 297
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030756399 MORTGAGORS: CHEE KAM
CHEE MAUREEN-KELLY
REGION CODE ADDRESS : 5 SCOTSMAN WAY
01 CITY : BERNARDS TOWNSHIP
STATE/ZIP : NJ 07931
MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 389,738.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,861.69 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.37300
------------------------------------------------------------------
0 0030756407 MORTGAGORS: HERZOG RONALD
HERZOG LINDA
REGION CODE ADDRESS : 1180 ACADEMY LANE
01 CITY : VISTA
STATE/ZIP : CA 92083
MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,772.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,583.90 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030756449 MORTGAGORS: FABOS SUZANNA
REGION CODE ADDRESS : 5420 BROMELY DRIVE
01 CITY : AGOURA
STATE/ZIP : CA 91301
MORTGAGE AMOUNT : 409,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 408,732.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,036.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 71.75400
------------------------------------------------------------------
0 0030756480 MORTGAGORS: WITHERSPOON DAVID
WITHERSPOON CAROLYN
REGION CODE ADDRESS : 3691 SCOTTSDALE DRIVE
01 CITY : IRVINE
STATE/ZIP : CA 92606
MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 216,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,547.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030756498 MORTGAGORS: SADEGHIPOUR JAMSHID
SADEGHIPOUR JODY
REGION CODE ADDRESS : 2000 KORNAT DRIVE
01 CITY : COSTA MESA
STATE/ZIP : CA 92626
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,810.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,001.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,639,000.00
P & I AMT: 12,031.07
UPB AMT: 1,638,053.16
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 298
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030756506 MORTGAGORS: RITCHEY WILLIAM
RITCHEY KATHLEEN
REGION CODE ADDRESS : 21125 CASTLE ROCK ROAD
01 CITY : YORBA LINDA
STATE/ZIP : CA 92886
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,168.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030757439 MORTGAGORS: JONES BERESFORD
JONES NANCY
REGION CODE ADDRESS : 107 CHERRY LANE
01 CITY : LAUREL HOLLOW
STATE/ZIP : NY 11791
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,714.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 62.08000
------------------------------------------------------------------
0 0030757736 MORTGAGORS: HUNKER JEFFREY
HUNKER MARGARET
REGION CODE ADDRESS : 3220 KLINGLE ROAD
01 CITY : WASHINGTON
STATE/ZIP : DC 20008
MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 392,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,910.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030757744 MORTGAGORS: MALDONADO LILIANA
REGION CODE ADDRESS : 12515 FOX VIEW WAY
01 CITY : RESTON
STATE/ZIP : VA 22091
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,074.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,714.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030757751 MORTGAGORS: BOWER PHILLIP
BOWER NANCY
REGION CODE ADDRESS : 25588 UPPER CLUBHOUSE DRIVE
01 CITY : SOUTH RIDING
STATE/ZIP : VA 20152
MORTGAGE AMOUNT : 232,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,227.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,624.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.98800
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,528,650.00
P & I AMT: 11,133.24
UPB AMT: 1,528,302.18
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 299
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030757769 MORTGAGORS: DAVULURI SEKHAR
DAVULURI SRAVANTHI
REGION CODE ADDRESS : 12863 WILLIAMS MEADOW COURT
01 CITY : HERNDON
STATE/ZIP : VA 22071
MORTGAGE AMOUNT : 257,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,613.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,824.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.98700
------------------------------------------------------------------
0 0030757785 MORTGAGORS: FERNANDEZ GERARD
FERNANDEZ PAMELA
REGION CODE ADDRESS : 360 ERICA DRIVE
01 CITY : SOUTH SAN FRANCISCO
STATE/ZIP : CA 94080
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,323.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,859.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030757793 MORTGAGORS: RUTTMAN RAYMOND
REGION CODE ADDRESS : 507 GRANNY WHITE PIKE
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,791.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,113.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 56.78500
------------------------------------------------------------------
0 0030757884 MORTGAGORS: BOLLINGER MARK
BOLLINGER SHERI
REGION CODE ADDRESS : 806 SANTA PAULA WAY
01 CITY : DAVIS
STATE/ZIP : CA 95616
MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,774.57 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 83.85900
------------------------------------------------------------------
0 0030757900 MORTGAGORS: LANE MARJORIE
REGION CODE ADDRESS : 8520 VALEMONT DR
01 CITY : DUNWOODY
STATE/ZIP : GA 30350
MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 343,774.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,554.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 64.90500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,392,300.00
P & I AMT: 10,126.70
UPB AMT: 1,391,503.64
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 300
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030757975 MORTGAGORS: MC AULEY ROBERT
MC AULEY LAURA
REGION CODE ADDRESS : 13750 DOUBLETREE TRAIL
01 CITY : WELLINGTON
STATE/ZIP : FL 33414
MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 370,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,682.76 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.15800
------------------------------------------------------------------
0 0030758056 MORTGAGORS: KIRK RICK
KIRK MARGARET
REGION CODE ADDRESS : 35 RED SABLE POINT
01 CITY : WOODLANDS
STATE/ZIP : TX 77380
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 419,703.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,008.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030758064 MORTGAGORS: ALISON JOHN
ALISON-RIGL RENATE
REGION CODE ADDRESS : 2126 REYNOLDS STREET
01 CITY : FALLS CHURCH
STATE/ZIP : VA 22043
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 399,703.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,796.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 76.19000
------------------------------------------------------------------
0 0030758106 MORTGAGORS: SHIRVANI SHIVA
REGION CODE ADDRESS : 4732 HOLLY TREE DRIVE
01 CITY : DALLAS
STATE/ZIP : TX 75287
MORTGAGE AMOUNT : 304,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,450.72 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030758148 MORTGAGORS: KERNER ANN-LOUISE
REGION CODE ADDRESS : 89 ROBBINS DRIVE
01 CITY : CARLISLE
STATE/ZIP : MA 01741
MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 414,748.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,190.99 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 78.30100
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,909,650.00
P & I AMT: 13,941.56
UPB AMT: 1,908,606.02
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 301
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030758155 MORTGAGORS: GRIVETT W.
GRIVETT ELIZABETH
REGION CODE ADDRESS : 29256 CLIPPER WAY
01 CITY : LAGUNA NIGUEL
STATE/ZIP : CA 92677
MORTGAGE AMOUNT : 284,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,404.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,063.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 94.99900
------------------------------------------------------------------
0 0030758221 MORTGAGORS: MIGLAS CRAIG
MIGLAS MARIA
REGION CODE ADDRESS : 53571 SOUTH RIVER ROAD
01 CITY : CLARKSBURG
STATE/ZIP : CA 95612
MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,842.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,855.63 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 63.90685
------------------------------------------------------------------
0 0030758247 MORTGAGORS: DADDO CAMERON
DADDO ALISON
REGION CODE ADDRESS : 306 BELLINO DRIVE
01 CITY : LOS ANGELES
STATE/ZIP : CA 90272
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 464,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,404.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030758320 MORTGAGORS: ALLEN SCOTT
ALLEN BARBRA
REGION CODE ADDRESS : 1457 AUNAUNA STREET
01 CITY : KAILUA
STATE/ZIP : HI 96734
MORTGAGE AMOUNT : 452,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 451,680.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,238.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.96200
------------------------------------------------------------------
0 0030758411 MORTGAGORS: BELDEN WILLARD
CHAPMAN ANDREA
REGION CODE ADDRESS : 4923 MASSACHUSETTS AVE NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 278,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,350.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,994.14 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,725,950.00
P & I AMT: 12,556.18
UPB AMT: 1,725,277.62
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 302
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030758437 MORTGAGORS: REMIS MARTIN
REMIS PARICHAT
REGION CODE ADDRESS : 44-131 KAHINANI WAY
01 CITY : KANEOHE
STATE/ZIP : HI 96744
MORTGAGE AMOUNT : 348,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,754.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,438.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/26
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030758452 MORTGAGORS: TABB MICHAEL
TABB DAVILYN
REGION CODE ADDRESS : 209 EDGEMONT PLACE
01 CITY : TEANECK
STATE/ZIP : NJ 07666
MORTGAGE AMOUNT : 244,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,837.60 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 94.99000
------------------------------------------------------------------
0 0030758502 MORTGAGORS: CHAMBERS RICHARD
REGION CODE ADDRESS : 2521 WEBSTER STREET
01 CITY : PALO ALTO
STATE/ZIP : CA 94301
MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,704.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 58.06400
------------------------------------------------------------------
0 0030758536 MORTGAGORS: PRONESTI GEORGE
PRONESTI JENNIFER
REGION CODE ADDRESS : 2724 SOUTH AVENUE
01 CITY : BRYN ATHYN BOROUGH
STATE/ZIP : PA 19009
MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,815.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,869.84 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
------------------------------------------------------------------
0 0030758593 MORTGAGORS: SIMONSEN CHRISTIAN
SIMONSEN KAREN
REGION CODE ADDRESS : 3443 MEADOWLANDS LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,824.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,848.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 48.57600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,469,400.00
P & I AMT: 10,699.80
UPB AMT: 1,467,995.07
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 303
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030758619 MORTGAGORS: SERASIO ALBERT
SERASIO MICHELE
REGION CODE ADDRESS : 7400 MATTHERHORN PLACE
01 CITY : SALINAS
STATE/ZIP : CA 93907
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,816.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 89.65500
------------------------------------------------------------------
0 0030758726 MORTGAGORS: BECKUS DENNIS
BECKUS ILA
REGION CODE ADDRESS : 3543 MEADOWLANDS LANE
01 CITY : SAN JOSE
STATE/ZIP : CA 95135
MORTGAGE AMOUNT : 441,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 441,396.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,202.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.99200
------------------------------------------------------------------
0 0030758734 MORTGAGORS: RANSTROM JEFFREY
REGION CODE ADDRESS : 747 CRESTON ROAD
01 CITY : BERKELEY
STATE/ZIP : CA 94708
MORTGAGE AMOUNT : 337,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,565.24 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030759641 MORTGAGORS: BESBECK STEVEN
REGION CODE ADDRESS : 25769 VISTA VERDE DRIVE
01 CITY : CALABASAS
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 411,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 411,700.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,092.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 67.49180
------------------------------------------------------------------
0 0030759658 MORTGAGORS: KIRK JAMES
KIRK TAMMIE
REGION CODE ADDRESS : 15390 DE LA CRUZ DRIVE
01 CITY : RANCHO MURIETA
STATE/ZIP : CA 95683
MORTGAGE AMOUNT : 649,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 649,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,712.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.70600
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,100,850.00
P & I AMT: 15,436.09
UPB AMT: 2,100,362.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 304
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030759757 MORTGAGORS: AMIN DHIRUBHAI
AMIN HIRABEN
REGION CODE ADDRESS : 2 ENGLISH COURT
01 CITY : BELMONT
STATE/ZIP : CA 94002
MORTGAGE AMOUNT : 495,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,766.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 69.80280
------------------------------------------------------------------
0 0030759922 MORTGAGORS: RIKHY AMIT
RIKHY SONYA
REGION CODE ADDRESS : 13517 SANDERLING PLACE
01 CITY : GERMANTOWN
STATE/ZIP : MD 20874
MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,187.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.95600
------------------------------------------------------------------
0 0030759930 MORTGAGORS: JENNINGS WILLIAM
PELLINACCI DEBRA
REGION CODE ADDRESS : 14 TAYLOR STREET
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,995.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030759955 MORTGAGORS: NGUYEN SINH
PHAM TUAN
REGION CODE ADDRESS : 10021 CARMONA COURT
01 CITY : CUPERTINO
STATE/ZIP : CA 95041
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,839.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,037.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 77.71200
------------------------------------------------------------------
0 0030759963 MORTGAGORS: SMITH MARTIN
SMITH DONNA
REGION CODE ADDRESS : 16 ST.KITTS
01 CITY : DANA POINT
STATE/ZIP : CA 92629
MORTGAGE AMOUNT : 239,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,754.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,844.62 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 92.26900
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,581,500.00
P & I AMT: 11,832.09
UPB AMT: 1,581,194.13
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 305
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030760466 MORTGAGORS: WHITMAN DAVID
WHITMAN MICHELLE
REGION CODE ADDRESS : 935 LAFAYETTE STREET
01 CITY : DENVER
STATE/ZIP : CO 80218
MORTGAGE AMOUNT : 218,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,500.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,603.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030760722 MORTGAGORS: OLSON DANIEL
OLSON ANGELA
REGION CODE ADDRESS : 47017 KENTWELL PL
01 CITY : STERLING
STATE/ZIP : VA 20165
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,103.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,862.70 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 95.00000
------------------------------------------------------------------
0 0030760748 MORTGAGORS: ROSENFELD JEFFREY
ROSENFELD ELIZABETH
REGION CODE ADDRESS : 2795 NW 29TH AVENUE
01 CITY : BOCA RATON
STATE/ZIP : FL 33434
MORTGAGE AMOUNT : 223,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,050.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,637.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030760755 MORTGAGORS: DALY BROOK
DALY JEAN
REGION CODE ADDRESS : 1402 GAMBLE LANE
01 CITY : ESCONDIDO
STATE/ZIP : CA 92029
MORTGAGE AMOUNT : 303,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 302,996.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,224.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
------------------------------------------------------------------
0 0030760797 MORTGAGORS: SHANAHAN EDWARD
DINTIMAN BRENDA
REGION CODE ADDRESS : 65 ANDY DRIVE
01 CITY : BUMPAS
STATE/ZIP : VA 23024
MORTGAGE AMOUNT : 218,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,457.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,623.10 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.98500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,205,750.00
P & I AMT: 8,951.63
UPB AMT: 1,205,107.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG0004970230 00 01
PAGE: 306
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ------------------------------------------------------------------
0 0030760813 MORTGAGORS: SPANN CHARLES
YOTT LAURIE
REGION CODE ADDRESS : 100 WILL SAUER ROAD
01 CITY : RENO
STATE/ZIP : NV 89704
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 524,673.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,990.38 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 75.00000
------------------------------------------------------------------
0 0030760854 MORTGAGORS: SIGNORINO CHARLES
SIGNORINO SHERRILL
REGION CODE ADDRESS : 22861 BERGANTIN
01 CITY : MISSION VIEJO
STATE/ZIP : CA 92692
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,812.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/27
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.68400
------------------------------------------------------------------
0 0030762538 MORTGAGORS: FRATES LYN
FRATES CARY
REGION CODE ADDRESS : 22820 NORTHEAST 54TH STREET
01 CITY : REDMOND KING
STATE/ZIP : WA 98053
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 50.33500
------------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 3
LOAN AMT: 1,105,000.00
P & I AMT: 8,168.31
UPB AMT: 1,104,485.80
0 TOTAL NUM OF LOANS: 1528
LOAN AMT: 450,799,554.21
P & I AMT: 3,318,196.46
UPB AMT: 450,353,484.94
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 1
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007448301 MORTGAGORS: VICTOR MICHAEL
VICTOR CONNIE
REGION CODE ADDRESS : 2175 STONE CREST DRIVE
01 CITY : EUGENE
STATE/ZIP : OR 97401
MORTGAGE AMOUNT : 256,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,277.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,474.13 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 04/01/11
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0007489560 MORTGAGORS: ROGERS JAMES
ROGERS MARGARET
REGION CODE ADDRESS : PERKINS STREET
00 CITY : CASTINE
STATE/ZIP : ME 04421
MORTGAGE AMOUNT : 227,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 227,112.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,111.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.62222
----------------------------------------------------------------
0 0007493992 MORTGAGORS: PETERSON JESSE
PETERSON W
REGION CODE ADDRESS : 1350 MIDDLE SOUND LOOP ROAD
01 CITY : WILMINGTON
STATE/ZIP : NC 28405
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 254,310.09 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,488.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/11
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0007509268 MORTGAGORS: ESPOLT RANDY
ESPOLT BARBARA
REGION CODE ADDRESS : 219 DAWN DRIVE
00 CITY : MODESTO
STATE/ZIP : CA 95350
MORTGAGE AMOUNT : 73,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 73,170.30 ANNUAL RATE ADJUST:
MONTHLY P&I : 703.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007514870 MORTGAGORS: PROVEAUX PAUL
PROVEAUX REBECCA
REGION CODE ADDRESS : 541 GRANT AVENUE
00 CITY : NORTH AUGUSTA
STATE/ZIP : SC 29841
MORTGAGE AMOUNT : 44,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 43,871.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 417.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 77.19298
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 858,850.00
P & I AMT: 8,194.96
UPB AMT: 847,741.81
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 2
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007516495 MORTGAGORS: CRANER DANIEL
CRANER VERONICA
REGION CODE ADDRESS : 1464 EAST PLATA WAY
00 CITY : SANDY
STATE/ZIP : UT 84093
MORTGAGE AMOUNT : 124,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 123,637.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,176.08 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007516826 MORTGAGORS: SEWREY ROBIN
REGION CODE ADDRESS : 255 REEVES STREET
00 CITY : GREENVILLE
STATE/ZIP : SC 29605
MORTGAGE AMOUNT : 32,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 31,906.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 303.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.72720
----------------------------------------------------------------
0 0007521701 MORTGAGORS: WILLIAMS ROGER
WILLIAMS DOLORES
REGION CODE ADDRESS : 714 EAST BROCKTOWN ROAD
00 CITY : MORAVIAN FALLS
STATE/ZIP : NC 28654
MORTGAGE AMOUNT : 49,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 49,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 438.92 OUTSIDE CONV DATE :
LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 6.75000 PRODUCT CODE : 002
LTV : 78.73015
----------------------------------------------------------------
0 0007521784 MORTGAGORS: BROWN JAMES
BROWN BARBARA
REGION CODE ADDRESS : 1726 CUNNINGHAM ROAD
00 CITY : MARIETTA
STATE/ZIP : GA 30060
MORTGAGE AMOUNT : 56,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 56,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 503.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007521974 MORTGAGORS: ARTUSO JOSEPH
ARTUSO MARY
REGION CODE ADDRESS : 13 MOCKINGBIRD LANE
00 CITY : TOWN OF NEW MILFORD
STATE/ZIP : CT 06776
MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,800.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,546.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 538,400.00
P & I AMT: 4,968.21
UPB AMT: 537,944.16
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 3
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007522873 MORTGAGORS: NALLEY HOMER
NALLEY DEBRA
REGION CODE ADDRESS : 419 FARRS BRIDGE ROAD
00 CITY : PICKENS
STATE/ZIP : SC 29671
MORTGAGE AMOUNT : 41,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 41,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 489.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/07
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.99600
----------------------------------------------------------------
0 0007523293 MORTGAGORS: DOTZLER DOREEN
LEONARD TERRENCE
REGION CODE ADDRESS : 8219 LILLY STONE DRIVE
00 CITY : BETHESDA
STATE/ZIP : MD 20817
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,967.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/07
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 64.93506
----------------------------------------------------------------
0 0007525819 MORTGAGORS: LUI ALVIN
LIN TEI
REGION CODE ADDRESS : 3249 VINTAGE OAKS COURT
00 CITY : SAN JOSE
STATE/ZIP : CA 95148
MORTGAGE AMOUNT : 224,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,477.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,083.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.47929
----------------------------------------------------------------
0 0007526296 MORTGAGORS: IMBIMBIO ALBERT
IMBIMBIO CYNTHIA
REGION CODE ADDRESS : 120 IDALROY TRAIL
00 CITY : HOPATCONG
STATE/ZIP : NJ 07843
MORTGAGE AMOUNT : 112,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 112,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,038.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007526940 MORTGAGORS: BARRETT HOMER
BARRETT LINDA
REGION CODE ADDRESS : 5253 SPRINGTIDE LANE
00 CITY : POWDER SPRINGS
STATE/ZIP : GA 30073
MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 80,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 741.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42857
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 707,700.00
P & I AMT: 7,319.78
UPB AMT: 706,477.40
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 4
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007527534 MORTGAGORS: BONAPARTE ANNE
WILLIAMS G.
REGION CODE ADDRESS : 102 LOCUST AVENUE
00 CITY : MILL VALLEY
STATE/ZIP : CA 94941
MORTGAGE AMOUNT : 358,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 358,100.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,319.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 53.44776
----------------------------------------------------------------
0 0007527625 MORTGAGORS: KAPLAN LILIANNA
REGION CODE ADDRESS : 1118 COLDWATER CANYON DRIVE
00 CITY : BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 559,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 559,950.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,646.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/07
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.99500
----------------------------------------------------------------
0 0007529795 MORTGAGORS: HERMAN LAUREL
REGION CODE ADDRESS : 13150 S.W. 75TH AVENUE
00 CITY : MIAMI
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 229,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,200.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,124.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0007531445 MORTGAGORS: PARKER ALVAN
PARKER MARGARET
REGION CODE ADDRESS : 263 CRYSTAL SPRINGS DRIVE
00 CITY : LEXINGTON
STATE/ZIP : SC 29073
MORTGAGE AMOUNT : 52,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 52,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 482.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.23287
----------------------------------------------------------------
0 0007534027 MORTGAGORS: MEACHAM WILLIAM
REGION CODE ADDRESS : 412 BONNIE DRIVE
00 CITY : OZARK
STATE/ZIP : AL 36360
MORTGAGE AMOUNT : 41,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 41,600.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 391.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,240,850.00
P & I AMT: 12,964.70
UPB AMT: 1,240,850.00
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 5
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0007535669 MORTGAGORS: WRONSKI CRAIG
REGION CODE ADDRESS : 361 LOS ALTOS AVENUE
00 CITY : LONG BEACH
STATE/ZIP : CA 90814
MORTGAGE AMOUNT : 248,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,300.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,319.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 43.94600
----------------------------------------------------------------
0 0030445696 MORTGAGORS: SCRONIC JAMES
SCRONIC LOIS
REGION CODE ADDRESS : 11442 E. ASTER DRIVE
01 CITY : SCOTTSDALE
STATE/ZIP : AZ 85259
MORTGAGE AMOUNT : 268,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,724.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,487.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98700
----------------------------------------------------------------
0 0030478796 MORTGAGORS: WARD DAVID
WARD JAQUELYN
REGION CODE ADDRESS : 344 CUTLER'S FARM ROAD
01 CITY : MONROE
STATE/ZIP : CT 06468
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,526.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,853.94 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/11
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030487854 MORTGAGORS: WEAVER LINDELL
WEAVER MARY
REGION CODE ADDRESS : 804 NORTH TERRACE HILLS DRIVE
01 CITY : SALT LAKE CITY
STATE/ZIP : UT 84103
MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 417,427.26 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,863.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030499073 MORTGAGORS: PARKINSON DAVID
PARKINSON KATHLEEN
REGION CODE ADDRESS : 3430 N MOUNTAIN RIDGE #10
01 CITY : MESA
STATE/ZIP : AZ 85207
MORTGAGE AMOUNT : 239,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,865.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 88.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,495,950.00
P & I AMT: 13,760.09
UPB AMT: 1,479,843.84
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 6
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030505515 MORTGAGORS: BENSON RAY
BENSON SANDRA
REGION CODE ADDRESS : 13529 KIRBY SMITH ROAD
01 CITY : ORLANDO
STATE/ZIP : FL 32832
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,108.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,004.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030507701 MORTGAGORS: RICE WILLIAM
PERRY JUDITH
REGION CODE ADDRESS : 2445 SELWYN AVENUE #404
01 CITY : CHARLOTTE
STATE/ZIP : NC 28209
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,260.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 69.09600
----------------------------------------------------------------
0 0030510333 MORTGAGORS: REINHARDT JAMES
REINHARDT CARI
REGION CODE ADDRESS : 1741 LAKE GROVE LANE
01 CITY : ORLANDO
STATE/ZIP : FL 32806
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,716.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 56.56500
----------------------------------------------------------------
0 0030541353 MORTGAGORS: BROWN LYNUS
WASSERBURGER LORI
REGION CODE ADDRESS : 5415 MOUNTAIN CEDAR COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,536.87 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,431.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.97000
----------------------------------------------------------------
0 0030601694 MORTGAGORS: RAEL RUBEN
RAEL PATRICIA
REGION CODE ADDRESS : 15830 32ND AVENUE SOUTHEAST
01 CITY : MILL CREEK
STATE/ZIP : WA 98012
MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 232,776.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,247.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 08/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.18186
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,324,300.00
P & I AMT: 12,546.55
UPB AMT: 1,317,681.67
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 7
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030624811 MORTGAGORS: WOODS MARLETTA
REGION CODE ADDRESS : 4231 MAISON ROUGE
01 CITY : GALVESTON
STATE/ZIP : TX 77544
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,178.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,390.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030636229 MORTGAGORS: WERT JEFFREY
WERT LAURIE
REGION CODE ADDRESS : 1003 FOX HOLLOW RD
01 CITY : STROUDSBURG
STATE/ZIP : PA 18360
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 269,847.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,628.67 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/11
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 88.06400
----------------------------------------------------------------
0 0030648877 MORTGAGORS: CUNNINGHAM GARY
BONELLI SANDRA
REGION CODE ADDRESS : 487 ORMBSY LANE
01 CITY : PETALUMA
STATE/ZIP : CA 94954
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,506.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,834.54 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/11
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 58.58500
----------------------------------------------------------------
0 0030652101 MORTGAGORS: LAMB ANGUS
ERICKSON AMY
REGION CODE ADDRESS : LOT # 4 HAVER HILL
01 CITY : CHESTER SPRINGS
STATE/ZIP : PA 19425
MORTGAGE AMOUNT : 405,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 404,433.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,674.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 79.99800
----------------------------------------------------------------
0 0030652309 MORTGAGORS: SCOPINICH RICHARD
SCOPINICH JEAN
REGION CODE ADDRESS : 45 INDIAN RUN
01 CITY : EAST QUOGUE
STATE/ZIP : NY 11942
MORTGAGE AMOUNT : 187,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 185,879.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,746.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 35.89200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,407,700.00
P & I AMT: 13,275.10
UPB AMT: 1,392,845.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 8
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030652341 MORTGAGORS: JAMES CHARLES
JAMES DAYNA
REGION CODE ADDRESS : 2027 ARTESIAN DRIVE
01 CITY : NOLENSVILLE
STATE/ZIP : TN 37135
MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 366,936.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,516.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.43300
----------------------------------------------------------------
0 0030654271 MORTGAGORS: SIMONSON BARRY
SIMONSON ROBIN
REGION CODE ADDRESS : 15 SUMMIT AVENUE
01 CITY : EAST WILLISON
STATE/ZIP : NY 11596
MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 400,663.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,851.28 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.80100
----------------------------------------------------------------
0 0030656292 MORTGAGORS: REIMERT LARRY
REGION CODE ADDRESS : 6 WINNERS CIRCLE
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 649,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,236.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,202.19 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 73.12600
----------------------------------------------------------------
0 0030661664 MORTGAGORS: ROMANOWSKY MICHAEL
ROMANOWSKY JANICE
REGION CODE ADDRESS : 36 SOUTH WATER STREET
01 CITY : EDGARTOWN
STATE/ZIP : MA 02359
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 512,046.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,958.84 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030665459 MORTGAGORS: MEDEL ARTHUR
MEDEL CHERYL
REGION CODE ADDRESS : 6018 WOODLEY ROAD
01 CITY : MCLEAN
STATE/ZIP : VA 22101
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,034.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,063.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,263,000.00
P & I AMT: 21,593.06
UPB AMT: 2,250,916.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 9
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030668115 MORTGAGORS: PAPA GARY
KHUN KATHLEEN
REGION CODE ADDRESS : 248 CHAMOUNIX CIRCLE
01 CITY : ST DAVIDS
STATE/ZIP : PA 19087
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,475.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.65500
----------------------------------------------------------------
0 0030669246 MORTGAGORS: GRYVATZ GEORGE
GRYVATZ BERTA
REGION CODE ADDRESS : 9 WILTSHIRE DRIVE
01 CITY : MANALAPAN
STATE/ZIP : NJ 07726
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,597.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,670.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030669568 MORTGAGORS: TREMBLAY DIANA
TREMBLAY DANIEL
REGION CODE ADDRESS : 35230 BRAXTON CT
01 CITY : FARMINGTON HILLS
STATE/ZIP : MI 48331
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,863.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,428.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.36200
----------------------------------------------------------------
0 0030674097 MORTGAGORS: BYRD B.
BYRD LISA
REGION CODE ADDRESS : 155 WEST D'AYLLAN (13TH)STREET
01 CITY : SEA ISLAND
STATE/ZIP : GA 31561
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,654.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,793.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 47.05882
----------------------------------------------------------------
0 0030674121 MORTGAGORS: SCHRETTE THOMAS
SCHRETTE ELIZABETH
REGION CODE ADDRESS : 12 WHITE FIR COURT
01 CITY : NAPA
STATE/ZIP : CA 94458
MORTGAGE AMOUNT : 284,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,800.52 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,657.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 71.12500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,497,000.00
P & I AMT: 14,016.23
UPB AMT: 1,486,391.52
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 10
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030676274 MORTGAGORS: FORD-WEBB THEODORE
FORD-WEBB JEAN
REGION CODE ADDRESS : 422 EAST RIDING STREET
01 CITY : CARLISLE
STATE/ZIP : MA 01741
MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 461,425.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,569.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 78.64400
----------------------------------------------------------------
0 0030677280 MORTGAGORS: GARNER HOWARD
HINDS ANGELA
REGION CODE ADDRESS : 3517 E. DOWNING CIRCLE
01 CITY : MESA
STATE/ZIP : AZ 85213
MORTGAGE AMOUNT : 255,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,344.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,460.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/11
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030677298 MORTGAGORS: ALFRED VIRGINIA
ALFRED MALCOLM
REGION CODE ADDRESS : 94 OLD SETTLEMENT ROAD
01 CITY : LAFAYETTE
STATE/ZIP : LA 70508
MORTGAGE AMOUNT : 222,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,849.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,110.31 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 88.29300
----------------------------------------------------------------
0 0030679765 MORTGAGORS: CHILDS BERNARD
REGION CODE ADDRESS : 1501 OCEAN BAY DRIVE #22
01 CITY : KEY LARGO
STATE/ZIP : FL 33037
MORTGAGE AMOUNT : 438,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 437,119.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,158.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0030680078 MORTGAGORS: PERKINS ROBERT
REGION CODE ADDRESS : 1424 DARTMOUTH
01 CITY : FLOSSMOOR
STATE/ZIP : IL 60421
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,506.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,885.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.28500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,796,450.00
P & I AMT: 17,184.15
UPB AMT: 1,787,245.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 11
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030681282 MORTGAGORS: COATES CHARLES
COATES GERALDINE
REGION CODE ADDRESS : 3801 49TH AVENUE NORTHEAST
01 CITY : SEATTLE
STATE/ZIP : WA 98105
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,869.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,880.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 57.14200
----------------------------------------------------------------
0 0030681365 MORTGAGORS: KING WALTER
KING CORA
REGION CODE ADDRESS : 1996 SUMMER SET LANE
01 CITY : WHEATON
STATE/ZIP : IL 60187
MORTGAGE AMOUNT : 226,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 225,317.45 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,095.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.48400
----------------------------------------------------------------
0 0030683908 MORTGAGORS: MACCHETTO FERDINANDO
MACCHETTO ANA
REGION CODE ADDRESS : 6001 TILDEN LANE
01 CITY : ROCKVILLE
STATE/ZIP : MD 20852
MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 310,108.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,892.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 77.03700
----------------------------------------------------------------
0 0030685226 MORTGAGORS: ELIZONDO EDUARDO
GORMAN MARY GWEN
REGION CODE ADDRESS : 5414 MOUNTAIN CEDAR COVE
01 CITY : AUSTIN
STATE/ZIP : TX 78731
MORTGAGE AMOUNT : 240,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 239,988.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,265.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 74.52000
----------------------------------------------------------------
0 0030685556 MORTGAGORS: POBLETE CONRADO
REGION CODE ADDRESS : 663 POBLETE DRIVE ROUTE 97
01 CITY : NARROWSBURG
STATE/ZIP : NY 12764
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,156.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,790.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 69.52300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,470,700.00
P & I AMT: 13,924.06
UPB AMT: 1,465,440.76
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 12
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030685879 MORTGAGORS: YUEN LAN
YUEN HUBERT
REGION CODE ADDRESS : 242-20 BARROWS COURT
01 CITY : DOUGLASTON
STATE/ZIP : NY 11362
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,123.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.76700
----------------------------------------------------------------
0 0030686422 MORTGAGORS: STAMEY SO
REGION CODE ADDRESS : 404 BEARDSLEY LANE
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 207,378.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,943.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 52.00000
----------------------------------------------------------------
0 0030687685 MORTGAGORS: CHEN HOWARD
CHEN MELISSA
REGION CODE ADDRESS : 2021 TURNBULL CANYON ROAD
01 CITY : HACIENDA HEIGHTS
STATE/ZIP : CA 91745
MORTGAGE AMOUNT : 950,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 944,243.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 8,806.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 015
LTV : 67.85700
----------------------------------------------------------------
0 0030687842 MORTGAGORS: SIEZEGA MARK
SIEZEGA BONNIE
REGION CODE ADDRESS : 999 LIGHTHOUSE DRIVE
01 CITY : COROLLA
STATE/ZIP : NC 27927
MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 337,984.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,200.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0030690275 MORTGAGORS: BOONE BEVERLY
REGION CODE ADDRESS : 546 WAGER'S MILL ROAD
01 CITY : NEWNAN
STATE/ZIP : GA 30263
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,458.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,447.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 59.09091
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,058,000.00
P & I AMT: 19,242.63
UPB AMT: 2,047,189.12
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 13
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030690648 MORTGAGORS: TAYLOR JOHN
TAYLOR JENNIFER
REGION CODE ADDRESS : 3430 CORTE SONRISA
01 CITY : CARLSBAD
STATE/ZIP : CA 92009
MORTGAGE AMOUNT : 267,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,873.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,443.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 69.99600
----------------------------------------------------------------
0 0030691356 MORTGAGORS: DEGENER HELEN
DEGENER J
REGION CODE ADDRESS : 130 SHARON MOUNTAIN ROAD
01 CITY : SHARON
STATE/ZIP : CT 06069
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,854.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,449.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 53.57100
----------------------------------------------------------------
0 0030691679 MORTGAGORS: HAYMOND MOREY
HAYMOND JO ANN
REGION CODE ADDRESS : 3931 BYRON STREET
01 CITY : HOUSTON
STATE/ZIP : TX 77005
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 277,583.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,696.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/11
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 65.26800
----------------------------------------------------------------
0 0030691737 MORTGAGORS: ALLEN MICHAEL
ALLEN KAREN
REGION CODE ADDRESS : 1625 HAWKCREST DR
01 CITY : JACKSONVILLE
STATE/ZIP : FL 32259
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,076.64 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,997.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030692040 MORTGAGORS: RUBENSTEIN JOEL
RUBENSTEIN CHRISTINE
REGION CODE ADDRESS : 4160 FLINTLOCK CIRCLE
01 CITY : RENO
STATE/ZIP : NV 89509
MORTGAGE AMOUNT : 447,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,519.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,177.43 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,685,900.00
P & I AMT: 15,764.07
UPB AMT: 1,677,908.04
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 14
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030692347 MORTGAGORS: CARR KURT
DEHAAN WANDA
REGION CODE ADDRESS : 1113 97TH LANE
01 CITY : COON RAPIDS
STATE/ZIP : MN 55433
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,221.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,823.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.53000
----------------------------------------------------------------
0 0030692958 MORTGAGORS: HALL HELEN
REGION CODE ADDRESS : 32 NEW MOON LANE
01 CITY : SPERRYVILLE
STATE/ZIP : VA 22470
MORTGAGE AMOUNT : 249,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,402.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,334.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 85.00000
----------------------------------------------------------------
0 0030693048 MORTGAGORS: RUSSELL TERRI
RUSSELL HARVEY
REGION CODE ADDRESS : 11357 COUNTRY FOREST COVE
01 CITY : COLLIERVILLE
STATE/ZIP : TN 38017
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,856.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,851.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030693782 MORTGAGORS: WHELAN MARK
WHELAN MARY
REGION CODE ADDRESS : 2525 CENTER AVENUE
01 CITY : FORT LAUDERDALE
STATE/ZIP : FL 33308
MORTGAGE AMOUNT : 125,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 122,258.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,276.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 09/01/10
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 36.76470
----------------------------------------------------------------
0 0030694459 MORTGAGORS: WEINER GREGORY
REGION CODE ADDRESS : 2699 ASCOT DRIVE
01 CITY : SAN RAMON
STATE/ZIP : CA 94583
MORTGAGE AMOUNT : 333,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,600.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,116.26 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,408,500.00
P & I AMT: 13,402.16
UPB AMT: 1,399,339.69
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 15
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030694467 MORTGAGORS: ALKIBAY LEVENT
ALKIBAY ARZU
REGION CODE ADDRESS : 4740 PLUMMER COURT
01 CITY : SAN DIEGO
STATE/ZIP : CA 92130
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,050.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,082.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 62.02200
----------------------------------------------------------------
0 0030694814 MORTGAGORS: TALBOT JEFFREY
TALBOT TERRI
REGION CODE ADDRESS : 2761 TIMBER CREST LANE
01 CITY : HIGHLAND VILLAGE
STATE/ZIP : TX 75067
MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 270,315.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,482.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 77.71400
----------------------------------------------------------------
0 0030695688 MORTGAGORS: MASCARDO TERESITA
MASCARDO RENATO
REGION CODE ADDRESS : 653 BRANCHVILLE RD.
01 CITY : RIDGEFIELD
STATE/ZIP : CT 06877
MORTGAGE AMOUNT : 1,000,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 1,000,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 9,058.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 015
LTV : 58.82300
----------------------------------------------------------------
0 0030695720 MORTGAGORS: PFEIFER MICHAEL
PFEIFER SHERRY
REGION CODE ADDRESS : 268 KING GEORGE ST
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21401
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,122.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,269.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 87.96200
----------------------------------------------------------------
0 0030696041 MORTGAGORS: HILLIS JIMMY
HILLIS DONNA
REGION CODE ADDRESS : 1440 S.W. 149TH STREET
01 CITY : OKLAHOMA CITY
STATE/ZIP : OK 73170
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,009.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,040.60 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,162,500.00
P & I AMT: 19,934.06
UPB AMT: 2,157,498.08
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 16
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030696413 MORTGAGORS: WILLIAMS HAVEN
WILLIAMS DIANE
REGION CODE ADDRESS : 4649 GLOBE WILLOW DRIVE
01 CITY : EL PASO
STATE/ZIP : TX 79922
MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,315.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,577.09 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030696439 MORTGAGORS: JOHNSON BRENT
JOHNSON CHERYL
REGION CODE ADDRESS : 3134 ANGUS DRIVE
01 CITY : PRESCOTT
STATE/ZIP : AZ 86301
MORTGAGE AMOUNT : 320,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,500.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,015.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030696769 MORTGAGORS: LY QUYEN
REGION CODE ADDRESS : 2228 SOUTH 5TH AVENUE
01 CITY : ARCADIA
STATE/ZIP : CA 91006
MORTGAGE AMOUNT : 495,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 492,129.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,730.48 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030697353 MORTGAGORS: TAYLOR STEVEN
TAYLOR MARCIA
REGION CODE ADDRESS : 15555 BAY VIEW LANE
01 CITY : LAKE OSWEGO
STATE/ZIP : OR 97035
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,093.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,781.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 41.37900
----------------------------------------------------------------
0 0030698096 MORTGAGORS: SHERBERT JAMES
REGION CODE ADDRESS : 115 GLADLYN
01 CITY : ALPHARETTA
STATE/ZIP : GA 30201
MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,707.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,690.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,685,900.00
P & I AMT: 15,795.24
UPB AMT: 1,676,747.06
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 17
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030698310 MORTGAGORS: SELF THOMAS
SELF CYNTHIA
REGION CODE ADDRESS : 110 LLANSFAIR DRIVE
01 CITY : LAFAYETTE
STATE/ZIP : LA 70503
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,831.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,793.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030698484 MORTGAGORS: ROSE DOUGLAS
ROSE MARTHA
REGION CODE ADDRESS : 1806 CANONERO DR
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,030.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,012.79 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 68.42100
----------------------------------------------------------------
0 0030698609 MORTGAGORS: BEAN JEROME
BEAN DIANA
REGION CODE ADDRESS : 9949 FORD VALLEY LANE
01 CITY : ZIONSVILLE
STATE/ZIP : IN 46077
MORTGAGE AMOUNT : 333,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 323,355.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,139.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 04/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030698617 MORTGAGORS: BEAGNYAM JOSEPH
BEAGNYAM LENNETTE
REGION CODE ADDRESS : 4314 KIEBY OAKS DRIVE
01 CITY : TAYLORS LAKE VILLAGE
STATE/ZIP : TX 77586
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,675.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,150.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030698625 MORTGAGORS: SHIELDS RICHARD
SHIELDS JUANITA
REGION CODE ADDRESS : RT 1 BOX 232A
01 CITY : GORDONSVILLE
STATE/ZIP : VA 22942
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,015.36 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,732.65 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 07/01/11
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 79.97100
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,561,000.00
P & I AMT: 14,828.62
UPB AMT: 1,536,908.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 18
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030698708 MORTGAGORS: PETRLIK ALEXANDER
PETRLIK PATRICIA
REGION CODE ADDRESS : 304 WYE ROAD
01 CITY : QUEENSTOWN
STATE/ZIP : MD 21658
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 293,232.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,755.68 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.68300
----------------------------------------------------------------
0 0030698807 MORTGAGORS: SARGENT RICHARD
SARGENT ANN
REGION CODE ADDRESS : 25 TAFFRAIL WAY
01 CITY : MASSHPEE
STATE/ZIP : MA 02649
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,802.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 74.07400
----------------------------------------------------------------
0 0030699177 MORTGAGORS: BOWERS GEORGE
BOWERS IRENE
REGION CODE ADDRESS : 6646 WEST 5TH STREET
01 CITY : LOS ANGELES
STATE/ZIP : CA 90048
MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 326,055.63 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,087.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.09523
----------------------------------------------------------------
0 0030699185 MORTGAGORS: PATEL DAYARAM
PATEL USHABEN
REGION CODE ADDRESS : 4109 DANIEL GREEN TRAIL
01 CITY : SMYRNA
STATE/ZIP : GA 30080
MORTGAGE AMOUNT : 249,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,137.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,314.29 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030699797 MORTGAGORS: FAIGENBAUM STEVEN
FAIGENBAUM JACQUELINE
REGION CODE ADDRESS : 188 TANGLEWOOD DRIVE
01 CITY : SOMERVILLE
STATE/ZIP : NJ 08876
MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,904.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,824.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/11
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 78.10800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,461,650.00
P & I AMT: 13,784.52
UPB AMT: 1,452,329.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 19
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030699995 MORTGAGORS: JOHNSON STEPHEN
JOHNSON LINDA
REGION CODE ADDRESS : 166 HOUGHTON'S MILL ROAD
01 CITY : LUNENBURG
STATE/ZIP : MA 01462
MORTGAGE AMOUNT : 225,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,933.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,123.52 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030700397 MORTGAGORS: DISALVO STEVEN
DISALVO PAMELA
REGION CODE ADDRESS : 10973 SW 37TH MANOR
01 CITY : DAVIE
STATE/ZIP : FL 33328
MORTGAGE AMOUNT : 301,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,851.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,882.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030700405 MORTGAGORS: FIFIELD STEVEN
REGION CODE ADDRESS : 7950 EAST CHAMA ROAD
01 CITY : MARICOPA
STATE/ZIP : AZ 85255
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,244.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,317.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0030700496 MORTGAGORS: HYDE JAMES
HYDE CAROLINE
REGION CODE ADDRESS : 801 PORTOFINO DRIVE
01 CITY : ARLINGTON
STATE/ZIP : TX 76012
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,199.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,456.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 75.71400
----------------------------------------------------------------
0 0030700645 MORTGAGORS: BARRIOS HUMBERTO
BARRIOS BEVERLY
REGION CODE ADDRESS : 128 PALO DE ORO
01 CITY : ISLAMORADA
STATE/ZIP : FL 33036
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 336,990.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,157.36 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 69.69000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,200.00
P & I AMT: 12,937.26
UPB AMT: 1,375,219.48
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 20
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030700694 MORTGAGORS: CHOI JEONG
CHOI SUNGSHIN
REGION CODE ADDRESS : 2327 ST FRANCIS DRIVE
01 CITY : PALO ALTO
STATE/ZIP : CA 94303
MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,156.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,840.51 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 70.23800
----------------------------------------------------------------
0 0030700710 MORTGAGORS: LEARY STEPHEN
LEARY MARY
REGION CODE ADDRESS : 109 BRIGHTON CLOSE
01 CITY : NASHVILLE
STATE/ZIP : TN 37205
MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 268,959.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,587.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/11
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030700744 MORTGAGORS: DUKE W.
DUKE SARAH
REGION CODE ADDRESS : 103 RIVER PLACE LANE
01 CITY : LOUISVILLE
STATE/ZIP : TN 37777
MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,790.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,579.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 07/01/10
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 49.81818
----------------------------------------------------------------
0 0030700959 MORTGAGORS: SOWA PHILLIP
SOWA LURA
REGION CODE ADDRESS : 3812 HAMILTON AVENUE
01 CITY : FORT WORTH
STATE/ZIP : TX 76107
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 304,088.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,849.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.30400
----------------------------------------------------------------
0 0030701130 MORTGAGORS: MATLACK KRISTINE
MATLACK HOWARD
REGION CODE ADDRESS : 4545 GOOD PASTURE RD
01 CITY : VIDA
STATE/ZIP : OR 97488
MORTGAGE AMOUNT : 427,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 426,318.35 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,209.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,585,000.00
P & I AMT: 15,066.45
UPB AMT: 1,549,313.28
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 21
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030701270 MORTGAGORS: NIXA JOSEPH
NIXA CATHLEEN
REGION CODE ADDRESS : 3525 HAY MEADOW ROAD
01 CITY : CALEDONIA
STATE/ZIP : WI 53126
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,253.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,335.33 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 67.56700
----------------------------------------------------------------
0 0030701304 MORTGAGORS: SOYKA JAMES
SOYKA JULIE
REGION CODE ADDRESS : 4658 WHITE OAK LANE
01 CITY : MOUNT PLEASANT
STATE/ZIP : WI 53403
MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 309,073.98 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,895.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.08500
----------------------------------------------------------------
0 0030701478 MORTGAGORS: BENATOVICH THEODORE
REGION CODE ADDRESS : 4101 SANCTUARY LANE
01 CITY : BOCA RATON
STATE/ZIP : FL 33431
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 286,687.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,813.41 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/11
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 37.90800
----------------------------------------------------------------
0 0030701494 MORTGAGORS: SUTLIVE BARRY
REGION CODE ADDRESS : 5460 AMBERFIELD DR
01 CITY : NORCROSS
STATE/ZIP : GA 30092
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,364.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,081.22 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/11
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.04878
----------------------------------------------------------------
0 0030701502 MORTGAGORS: REEVES RONALD
REEVES JUDY
REGION CODE ADDRESS : 1 BROADWATER RD
01 CITY : ORMOND BEACH
STATE/ZIP : FL 32174
MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 333,966.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,181.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 62.59200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,508,000.00
P & I AMT: 14,307.28
UPB AMT: 1,494,346.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 22
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030701510 MORTGAGORS: BORNSTEIN DAVID
BORNSTEIN JACKIE
REGION CODE ADDRESS : 310 SW 19TH STREET
01 CITY : SEMINOLE
STATE/ZIP : TX 79360
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,847.31 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,677.59 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/11
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.85700
----------------------------------------------------------------
0 0030701817 MORTGAGORS: CLUNEY JOHN
CLUNEY CHRISTINE
REGION CODE ADDRESS : 175 RIVER ROAD
01 CITY : WEST NEWBURY
STATE/ZIP : MA 01985
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 291,146.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,769.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 69.35800
----------------------------------------------------------------
0 0030702070 MORTGAGORS: FREUND GERD
REGION CODE ADDRESS : 220 MARCHAND COURT
01 CITY : ATLANTA
STATE/ZIP : GA 30328
MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 255,012.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,451.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030702104 MORTGAGORS: TONORE EDWARD
BROWN THAIS
REGION CODE ADDRESS : 258 DOVER LANE
01 CITY : MADISON
STATE/ZIP : MS 39110
MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 517,058.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,904.18 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 09/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.45500
----------------------------------------------------------------
0 0030702112 MORTGAGORS: HEDGER JAMES
HEDGER MARILYN
REGION CODE ADDRESS : 1560 GULF BLVD # 806
01 CITY : CLEARWATER
STATE/ZIP : FL 34630
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,496.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,205.82 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 10/01/11
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 62.22200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,573,500.00
P & I AMT: 15,008.31
UPB AMT: 1,557,562.11
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 23
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030702120 MORTGAGORS: KIRCH TERRENCE
KIRCH MARGARET
REGION CODE ADDRESS : 9 HIGH VIEW ROAD
01 CITY : OSSINING
STATE/ZIP : NY 10562
MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 253,075.77 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,483.56 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/11
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 78.76900
----------------------------------------------------------------
0 0030702138 MORTGAGORS: BAROUS FRANCIS
BAROUS CARMEN
REGION CODE ADDRESS : 350 IPSWICH RD
01 CITY : BOXFORD
STATE/ZIP : MA 01921
MORTGAGE AMOUNT : 590,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 585,072.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,809.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/11
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 71.08400
----------------------------------------------------------------
0 0030702146 MORTGAGORS: ZIM ALDWIN
ZIM CHRISTINE
REGION CODE ADDRESS : 7209 JOHN MC CAIN RD
01 CITY : COLLEYVILLE
STATE/ZIP : TX 76034
MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 246,748.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,421.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 10/01/11
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 79.23800
----------------------------------------------------------------
0 0030702195 MORTGAGORS: HARTZOG DOYLE
REGION CODE ADDRESS : 5635 COASTAL DRIVE
01 CITY : BOCA RATON
STATE/ZIP : FL 33431
MORTGAGE AMOUNT : 648,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 625,554.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,961.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/11
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0030702229 MORTGAGORS: IBERL JOHN
IBERL NANCY
REGION CODE ADDRESS : 194 MICHAEL JOHN DRIVE
01 CITY : PARK RIDGE
STATE/ZIP : IL 60068
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,044.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,989.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 78.23900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,063,600.00
P & I AMT: 19,665.32
UPB AMT: 2,029,495.72
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 24
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030702302 MORTGAGORS: MELTZER STEPHEN
MELTZER ROBERTA
REGION CODE ADDRESS : 3 NEAL DRIVE
01 CITY : SIMSBURY
STATE/ZIP : CT 06070
MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,226.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,246.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 75.15100
----------------------------------------------------------------
0 0030702740 MORTGAGORS: JOHN ROBERT
JOHN PATRICIA
REGION CODE ADDRESS : 4452 SANDESTIN BLVD
01 CITY : DESTIN
STATE/ZIP : FL 32541
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 331,765.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,344.78 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/10
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 66.66666
----------------------------------------------------------------
0 0030703375 MORTGAGORS: MOLIS TODD
MOLIS JUDITH
REGION CODE ADDRESS : 16 W 623-87TH STREET
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 289,124.16 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,688.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 50.43400
----------------------------------------------------------------
0 0030703532 MORTGAGORS: PEARSON JANET
HASLBAUER ANNA
REGION CODE ADDRESS : 117 HORSESHOE CIRCLE
01 CITY : EATONTON
STATE/ZIP : GA 31024
MORTGAGE AMOUNT : 246,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,542.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,263.48 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 73.88800
----------------------------------------------------------------
0 0030703540 MORTGAGORS: SAWYER LARRY
SAWYER MILDRED
REGION CODE ADDRESS : 1120 S PLAZA ROAD
01 CITY : EMMET
STATE/ZIP : ID 83617
MORTGAGE AMOUNT : 235,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,790.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,197.07 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,369,250.00
P & I AMT: 12,740.14
UPB AMT: 1,346,449.23
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 25
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030703870 MORTGAGORS: WARD ROBERT
WARD GAYLE
REGION CODE ADDRESS : 12507 WILLOW HILL COURT
01 CITY : KNOXVILLE
STATE/ZIP : TN 37922
MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 215,130.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,053.95 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/11
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 56.25000
----------------------------------------------------------------
0 0030703904 MORTGAGORS: PANZARELLA PATRICK
REGION CODE ADDRESS : 280 HIDDEN LAKE RD
01 CITY : HENDERSONVILLE
STATE/ZIP : TN 37075
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,662.62 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,317.54 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0030703912 MORTGAGORS: TALBOTT ROBERT
REGION CODE ADDRESS : 7016 OLD KENT DRIVE
01 CITY : KNOXVILLE
STATE/ZIP : TN 37919
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,520.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,195.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 08/01/11
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 63.63600
----------------------------------------------------------------
0 0030704027 MORTGAGORS: SWENSON KENNETH
SWENSON PATRICIA
REGION CODE ADDRESS : 1617 STEELE BLVD.
01 CITY : BATON ROUGE
STATE/ZIP : LA 70808
MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 324,029.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,035.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 79.26829
----------------------------------------------------------------
0 0030704076 MORTGAGORS: HARVEY ROBERT
KAHAKAUWILA MELINDA
REGION CODE ADDRESS : 7640 MAKENA BEACH ROAD
01 CITY : KIHEI
STATE/ZIP : HI 96753
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 444,688.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,268.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 18.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,600,000.00
P & I AMT: 14,870.47
UPB AMT: 1,549,031.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 26
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030704084 MORTGAGORS: DANDENEAU JAMES
REGION CODE ADDRESS : 307 THOMPSON ROAD
01 CITY : THOMPSON
STATE/ZIP : CT 06277
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,489.01 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,227.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030704522 MORTGAGORS: MULAY SHIRISH
MULAY SWATI
REGION CODE ADDRESS : 2208 POPLAR GROVE PLACE
01 CITY : LEXINGTON
STATE/ZIP : KY 40515
MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 276,144.90 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,528.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 73.86600
----------------------------------------------------------------
0 0030704605 MORTGAGORS: MCCULLOCH BRIAN
MCCULLOCH SUZANNE
REGION CODE ADDRESS : 911 SOUTH COUNTY LINE RD
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 548,357.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,137.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 55.49900
----------------------------------------------------------------
0 0030704936 MORTGAGORS: KRAUSS RAY
KRAUSS DIANNE
REGION CODE ADDRESS : 2001 SILVERWOOD DRIVE
01 CITY : NEWTOWN
STATE/ZIP : PA 18940
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,202.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,802.39 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 62.76100
----------------------------------------------------------------
0 0030705271 MORTGAGORS: SCHEINMAN ANDREW
REGION CODE ADDRESS : 9338 HAZEN DRIVE
01 CITY : LOS ANGELES(BEVERLY HILLS
STATE/ZIP : CA 90210
MORTGAGE AMOUNT : 974,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 968,226.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 9,168.03 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.29000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,345,000.00
P & I AMT: 21,864.17
UPB AMT: 2,333,419.20
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 27
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030705404 MORTGAGORS: NEIBAUER LANCE
NEIBAUER LINDA
REGION CODE ADDRESS : 18424 COUCH MARKET ROAD
01 CITY : BEND
STATE/ZIP : OR 97701
MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,818.60 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,572.46 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.61200
----------------------------------------------------------------
0 0030705784 MORTGAGORS: GANDJIAN MOIZ
GANDJIAN JILBERT
REGION CODE ADDRESS : 24011 PARK GRANADA
01 CITY : CALA BASES
STATE/ZIP : CA 91302
MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,239.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,548.91 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030706147 MORTGAGORS: STARR JAMES
STARR ANNE
REGION CODE ADDRESS : 325 GOTHIC AVENUE
01 CITY : CRESTED BUTTE
STATE/ZIP : CO 81224
MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 275,175.55 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,578.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 58.10500
----------------------------------------------------------------
0 0030706212 MORTGAGORS: GOODMAN STEVEN
GOODMAN HELANE
REGION CODE ADDRESS : 5 HEMLOCK LANE
01 CITY : GLEN HEAD
STATE/ZIP : NY 11545
MORTGAGE AMOUNT : 640,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 640,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,797.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030706246 MORTGAGORS: HODGES TONY
HODGES JOYCE
REGION CODE ADDRESS : 130 WINWOOD DRIVE
01 CITY : STEDMAN
STATE/ZIP : NC 28391
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,304.56 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,257.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.67700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,907,500.00
P & I AMT: 17,754.21
UPB AMT: 1,901,538.38
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 28
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030706253 MORTGAGORS: MORGAN PHILIP
MORGAN LESLIE
REGION CODE ADDRESS : 6191 TYRNBURY DRIVE
01 CITY : LISLE
STATE/ZIP : IL 60532
MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,437.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 66.25000
----------------------------------------------------------------
0 0030707368 MORTGAGORS: LALLY ROBERT
LALLY KIMBERLY
REGION CODE ADDRESS : 100 PALM DRIVE
01 CITY : PIEDMONT
STATE/ZIP : CA 94610
MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,176.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,674.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 57.55100
----------------------------------------------------------------
0 0030707616 MORTGAGORS: HERNANDEZ JOE
HERNANDEZ DOROTHY
REGION CODE ADDRESS : 1828 ARROYO CHAMISO
01 CITY : SANTA FE
STATE/ZIP : NM 87505
MORTGAGE AMOUNT : 282,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 281,309.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,704.02 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 41.00700
----------------------------------------------------------------
0 0030707665 MORTGAGORS: CHANEY RAYMOND
CHANEY PATRICIA
REGION CODE ADDRESS : 1513 SHORE ROAD
01 CITY : BALTIMORE
STATE/ZIP : MD 21220
MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,285.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,152.62 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 52.00000
----------------------------------------------------------------
0 0030708119 MORTGAGORS: TRAN ALAN
NGUYEN DIEN
REGION CODE ADDRESS : 15348 FLINTRIDGE LANE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92647
MORTGAGE AMOUNT : 274,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 273,021.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,585.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 77.44100
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,338,600.00
P & I AMT: 12,554.29
UPB AMT: 1,333,792.56
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 29
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030708564 MORTGAGORS: STEARNS BRIAN
STEARNS STEPHANIE
REGION CODE ADDRESS : 3384 KENZO COURT
01 CITY : MOUNTAIN VIEW
STATE/ZIP : CA 94040
MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 470,605.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,442.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.74700
----------------------------------------------------------------
0 0030708572 MORTGAGORS: MARTINEZ ROBERT
MARTINEZ SHARON
REGION CODE ADDRESS : 33 CORINTHIAN HILLS
01 CITY : DILLON
STATE/ZIP : CO 80435
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 251,255.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.75000
----------------------------------------------------------------
0 0030708671 MORTGAGORS: FARR D. JERRELL
FARR KATHLEEN
REGION CODE ADDRESS : 2312 ROGERS AVE.
01 CITY : FT WORTH
STATE/ZIP : TX 76109
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,942.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,244.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 54.01200
----------------------------------------------------------------
0 0030709182 MORTGAGORS: HYON MARK
HYON NU
REGION CODE ADDRESS : 16627 BRAHMS PLACE
01 CITY : CERRITOS
STATE/ZIP : CA 90703
MORTGAGE AMOUNT : 331,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,077.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,022.49 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 79.99500
----------------------------------------------------------------
0 0030709430 MORTGAGORS: TOAL THADDEUS
HAAG NORMA
REGION CODE ADDRESS : 308 CARLYN DRIVE
01 CITY : SEVERNA PARK
STATE/ZIP : MD 21146
MORTGAGE AMOUNT : 330,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 329,623.27 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,111.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99700
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,735,700.00
P & I AMT: 16,193.73
UPB AMT: 1,730,505.13
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 30
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030709489 MORTGAGORS: SHAFFER GLENN
SHAFFER JOYCE
REGION CODE ADDRESS : 930 BARNEGAT LANE
01 CITY : MANTOLOKING BOROUGH
STATE/ZIP : NJ 08738
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 247,922.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,480.20 OUTSIDE CONV DATE :
LIFETIME RATE : 8.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.62500 PRODUCT CODE : 002
LTV : 65.78947
----------------------------------------------------------------
0 0030709521 MORTGAGORS: BURKE JAMES
BURKE PAMELA
REGION CODE ADDRESS : 12 ELKJER CIRCLE
01 CITY : SIOUX FALLS
STATE/ZIP : SD 57103
MORTGAGE AMOUNT : 376,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 371,752.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,675.12 OUTSIDE CONV DATE :
LIFETIME RATE : 8.37500 MATURITY DATE : 10/01/11
CURRENT INT RATE: 8.37500 PRODUCT CODE : 002
LTV : 52.95700
----------------------------------------------------------------
0 0030709620 MORTGAGORS: TAMADDON SINA
TAMADDON CONNIE
REGION CODE ADDRESS : 3421 EL CAMINO REAL #6E
01 CITY : ATHERTON
STATE/ZIP : CA 94027
MORTGAGE AMOUNT : 225,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,780.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,134.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.24600
----------------------------------------------------------------
0 0030709760 MORTGAGORS: GOODMAN KENNETH
COULAM CAROLYN
REGION CODE ADDRESS : 4270 N. MERIDIAN STREET
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46208
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,625.92 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,297.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030709885 MORTGAGORS: DONNAN DAVID
BALLUFF KARIEN
REGION CODE ADDRESS : 20121 24TH AVENUE NW
01 CITY : SHORELINE
STATE/ZIP : WA 98177
MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,661.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,310.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,562,300.00
P & I AMT: 14,898.13
UPB AMT: 1,551,741.88
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 31
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030710180 MORTGAGORS: THOMPSON PATRICIA
REGION CODE ADDRESS : 1011 SOUTH VALENTIA ST #13
01 CITY : DENVER
STATE/ZIP : CO 80231
MORTGAGE AMOUNT : 227,350.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,655.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,091.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.54000
----------------------------------------------------------------
0 0030710420 MORTGAGORS: JAROUDI MOHAMED
SHABAREK FATEN
REGION CODE ADDRESS : 311 TEAKWOOD DR
01 CITY : HOUSTON
STATE/ZIP : TX 77024
MORTGAGE AMOUNT : 775,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 772,710.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 7,294.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 015
LTV : 53.81900
----------------------------------------------------------------
0 0030711865 MORTGAGORS: STREIMER JAY
STREIMER LAURA
REGION CODE ADDRESS : 4400 SW 107TH WAY
01 CITY : DAVIE
STATE/ZIP : FL 33328
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,320.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,164.93 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.99400
----------------------------------------------------------------
0 0030712327 MORTGAGORS: LEONARD DAVID
LEONARD SHARON
REGION CODE ADDRESS : 8153 INSPIRATION DRIVE
01 CITY : RANCHO CUCAMONGA
STATE/ZIP : CA 91701
MORTGAGE AMOUNT : 236,760.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,371.84 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,245.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030712335 MORTGAGORS: RISSMAN RAINEY
RISSMAN VICTORIA
REGION CODE ADDRESS : 11820 N.W. 11TH COURT
01 CITY : CORAL SPRINGS
STATE/ZIP : FL 33071
MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,082.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,654.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.97500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,749,010.00
P & I AMT: 16,451.53
UPB AMT: 1,743,140.59
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 32
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030712822 MORTGAGORS: PRIDONOFF THOMAS
PRIODNOFF BONNIE
REGION CODE ADDRESS : 20405 VIA BURGOS
01 CITY : YORBA LINDA
STATE/ZIP : CA 92687
MORTGAGE AMOUNT : 396,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 393,328.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,732.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 75.52300
----------------------------------------------------------------
0 0030713358 MORTGAGORS: KO CHRISTOPHER
REGION CODE ADDRESS : 18471 STONEGATE LANE
01 CITY : ROWLAND HEIGHTS
STATE/ZIP : CA 91748
MORTGAGE AMOUNT : 296,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 295,863.61 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,667.72 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030713424 MORTGAGORS: GOVERS TIMOTHY
GOVERS SHERIDAN
REGION CODE ADDRESS : 12822 ARROYA DE ARGUELLO
01 CITY : SARATOGA
STATE/ZIP : CA 95070
MORTGAGE AMOUNT : 615,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 611,586.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,839.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 68.41100
----------------------------------------------------------------
0 0030714281 MORTGAGORS: ROTHER LAURA
REGION CODE ADDRESS : 6284 INDIAN RIVER DRIVE
01 CITY : NORCROSS
STATE/ZIP : GA 30092
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,219.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,264.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
0 0030714497 MORTGAGORS: VINOGRADOVA YELENA
REGION CODE ADDRESS : 78 ELK COURT
01 CITY : MINERAL
STATE/ZIP : VA 23117
MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,462.21 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,184.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,802,000.00
P & I AMT: 16,688.23
UPB AMT: 1,791,460.94
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 33
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030715429 MORTGAGORS: TEDESCO LOUIS
TEDESCO MARILYN
REGION CODE ADDRESS : 15492 CHURCHILL DOWNS
01 CITY : RANCHO SANTA FE
STATE/ZIP : CA 92067
MORTGAGE AMOUNT : 517,700.00 OPTION TO CONVERT :
UNPAID BALANCE : 514,631.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,872.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 61.63000
----------------------------------------------------------------
0 0030715684 MORTGAGORS: HOPKINS JEFFREY
HOPKINS SANDRA
REGION CODE ADDRESS : 4020 BRITTANY CT
01 CITY : NORTHBROOK
STATE/ZIP : IL 60302
MORTGAGE AMOUNT : 304,275.00 OPTION TO CONVERT :
UNPAID BALANCE : 303,356.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,820.67 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 60.85500
----------------------------------------------------------------
0 0030715759 MORTGAGORS: WHALEN CHARLES
SINGH GITA
REGION CODE ADDRESS : 13 SHIRLEY RD
01 CITY : NARBERTH
STATE/ZIP : PA 19072
MORTGAGE AMOUNT : 242,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,250.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,280.24 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030716112 MORTGAGORS: DOUGHERTY MICHAEL
DOUGHERTY JACALYN
REGION CODE ADDRESS : 4733 SOUTH JASPER STREET
01 CITY : AURORA
STATE/ZIP : CO 80015
MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 260,727.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,461.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 76.35000
----------------------------------------------------------------
0 0030716369 MORTGAGORS: PORTILLO RICHARD
PORTILLO SHARON
REGION CODE ADDRESS : 955 TAFT ROAD
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 562,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 560,302.69 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,209.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 26.13900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,887,725.00
P & I AMT: 17,645.15
UPB AMT: 1,881,267.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 34
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030716500 MORTGAGORS: FROMMEL THOMAS
WATANABE KEIKO
REGION CODE ADDRESS : 9S534 LORRAINE DRIVE
01 CITY : HINSDALE
STATE/ZIP : IL 60521
MORTGAGE AMOUNT : 312,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,955.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,900.63 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 88.14000
----------------------------------------------------------------
0 0030716526 MORTGAGORS: DEAVER KENNETH
REGION CODE ADDRESS : 2621 DOLLY RIDGE ROAD
01 CITY : VESTAVIA
STATE/ZIP : AL 35243
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,299.81 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 33.33300
----------------------------------------------------------------
0 0030716807 MORTGAGORS: YAZDAN DAVID
REGION CODE ADDRESS : 2525 RIVER ROAD
01 CITY : WALL TOWNSHIP
STATE/ZIP : NJ 08736
MORTGAGE AMOUNT : 524,600.00 OPTION TO CONVERT :
UNPAID BALANCE : 523,067.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,975.57 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 65.57500
----------------------------------------------------------------
0 0030717300 MORTGAGORS: KERSHAW RICHARD
KERSHAW LINDA
REGION CODE ADDRESS : 19 SENTINEL ROAD
01 CITY : WASHINGTON CROSSING
STATE/ZIP : PA 18977
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,282.16 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 87.26000
----------------------------------------------------------------
0 0030717342 MORTGAGORS: HEBERT MARVIN
HEBERT MARY
REGION CODE ADDRESS : 426 WILLOWS END EAST COURT
01 CITY : BATON ROUGE
STATE/ZIP : LA 70810
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,073.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,738.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 50.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,637,500.00
P & I AMT: 15,196.76
UPB AMT: 1,634,096.03
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 35
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030717375 MORTGAGORS: PARK WILLIAM
PARK YEBONG
REGION CODE ADDRESS : 11 BUCKSKIN ROAD
01 CITY : BELL CANYON
STATE/ZIP : CA 91307
MORTGAGE AMOUNT : 636,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 634,162.05 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,077.95 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 57.81818
----------------------------------------------------------------
0 0030717466 MORTGAGORS: ACKERMAN VICKI
MARTINEZ LUCILLE
REGION CODE ADDRESS : 4879 SOUTH DILLON STREET
01 CITY : AURORA
STATE/ZIP : CO 80015
MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 221,338.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,085.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 95.00000
----------------------------------------------------------------
0 0030717607 MORTGAGORS: COOK BARRY
QUEEN-COOK CARLA
REGION CODE ADDRESS : 54 HIGHLAND DRIVE
01 CITY : JAMESTOWN
STATE/ZIP : RI 02835
MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,564.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,166.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030719272 MORTGAGORS: CHAN YAT
CHAN SIU
REGION CODE ADDRESS : 9308 HIDDEN OAKS AVENUE
01 CITY : BRENTWOOD
STATE/ZIP : TN 37027
MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,678.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,341.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 74.43000
----------------------------------------------------------------
0 0030719553 MORTGAGORS: HARDY MICHAEL
HARDY DEBORAH
REGION CODE ADDRESS : 344 92ND STREET
01 CITY : STONE HARBOR
STATE/ZIP : NJ 08247
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,469.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,822.61 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 65.57300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,979,750.00
P & I AMT: 18,494.29
UPB AMT: 1,972,212.26
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 36
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030719835 MORTGAGORS: MYUNG JOHN
MYUNG DARIA
REGION CODE ADDRESS : 2619 SEA PINE LANE
01 CITY : LA CRESENTA
STATE/ZIP : CA 91214
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,269.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.36500
----------------------------------------------------------------
0 0030720320 MORTGAGORS: TRUONG HOAN
LUU NANCY
REGION CODE ADDRESS : 18916 CADDINGTON CIRCLE
01 CITY : HUNTINGTON BEACH
STATE/ZIP : CA 92648
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,791.95 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,708.05 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 58.54300
----------------------------------------------------------------
0 0030720700 MORTGAGORS: SCHIEFFER SCOTT
SCHIEFFER BONNIE
REGION CODE ADDRESS : 1213 VERDANT WAY
01 CITY : AUSTIN
STATE/ZIP : TX 78746
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 279,135.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,556.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.71232
----------------------------------------------------------------
0 0030720767 MORTGAGORS: DALE MICHAEL
DALE LISA
REGION CODE ADDRESS : 3411 GARDEN GATE WAY
01 CITY : HOUSTON
STATE/ZIP : TX 77059
MORTGAGE AMOUNT : 362,150.00 OPTION TO CONVERT :
UNPAID BALANCE : 361,044.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,331.51 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 79.98500
----------------------------------------------------------------
0 0030722466 MORTGAGORS: DANIELI BARRY
REGION CODE ADDRESS : 17455 CARRIGER ROAD
01 CITY : SONOMA
STATE/ZIP : CA 95476
MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 413,451.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,826.89 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 69.33300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,708,150.00
P & I AMT: 15,793.60
UPB AMT: 1,701,693.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 37
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030722615 MORTGAGORS: JENKINS GREGORY
JENKINS SUSAN
REGION CODE ADDRESS : 4200 HILLSIDE
01 CITY : OLIVE BRANCH
STATE/ZIP : MS 38654
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,506.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,372.02 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 66.00000
----------------------------------------------------------------
0 0030722771 MORTGAGORS: MACKEY DAVID
MACKEY JEAN
REGION CODE ADDRESS : 4930 COUNTRY CLUB PALACE
01 CITY : MERIDIAN
STATE/ZIP : MS 39305
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,781.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 66.66600
----------------------------------------------------------------
0 0030723597 MORTGAGORS: HECKMANN RONALD
FAHEY VALERIE
REGION CODE ADDRESS : 120 ARBOR DRIVE
01 CITY : PIEDMONT
STATE/ZIP : CA 94611
MORTGAGE AMOUNT : 268,750.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,038.78 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,453.32 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 62.64500
----------------------------------------------------------------
0 0030723605 MORTGAGORS: MITCHELL LLOYD
MITCHELL SARAH
REGION CODE ADDRESS : 100 S BERKLEY SQUARE UNIT PH 2M
01 CITY : ATLANTIC CITY
STATE/ZIP : NJ 08401
MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 229,290.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,099.58 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 76.66666
----------------------------------------------------------------
0 0030723613 MORTGAGORS: DI FRANCO SALVATORE
DI FRANCO LAURA
REGION CODE ADDRESS : 121 LINDEN DRIVE
01 CITY : BERNARDS
STATE/ZIP : NJ 07920
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,529.78 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.10200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,425,750.00
P & I AMT: 13,235.74
UPB AMT: 1,421,834.93
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 38
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030723639 MORTGAGORS: GOLDBERG MICHAEL
GOLDBERG MELODY
REGION CODE ADDRESS : 20 ASPEN DRIVE
01 CITY : NORTH HAMPTON
STATE/ZIP : PA 18974
MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 448,713.91 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,332.97 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 78.02200
----------------------------------------------------------------
0 0030724397 MORTGAGORS: CHAMBERS LETITIA
REGION CODE ADDRESS : 5851 POTOMAC AVENUE NW
01 CITY : WASHINGTON
STATE/ZIP : DC 20016
MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 515,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,737.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 60.23300
----------------------------------------------------------------
0 0030724421 MORTGAGORS: GABOR IVAN
REGION CODE ADDRESS : 530 EAST CHANNEL ROAD
01 CITY : LOS ANGELES
STATE/ZIP : CA 90402
MORTGAGE AMOUNT : 649,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 645,965.02 ANNUAL RATE ADJUST:
MONTHLY P&I : 6,302.52 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 67.32100
----------------------------------------------------------------
0 0030724553 MORTGAGORS: ADAMS TIMOTHY
ADAMS JEANETTE
REGION CODE ADDRESS : 70 MAUNA BLVD.
01 CITY : SAN RAFAEL
STATE/ZIP : CA 94901
MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 477,123.25 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,483.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030725436 MORTGAGORS: CHAMPION WILLIAM
CHICON DULCE
REGION CODE ADDRESS : 2 GARRISON WOODS INDIAN BROOK RD
01 CITY : GARRISON
STATE/ZIP : NY 10524
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 319,044.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,989.22 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 2,414,650.00
P & I AMT: 22,846.14
UPB AMT: 2,405,846.29
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 39
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030725865 MORTGAGORS: BENJOAR JACQUES
LOCKHART KATHLEEN
REGION CODE ADDRESS : 16250 WHITEHAVEN ROAD
01 CITY : SILVER SPRING
STATE/ZIP : MD 20906
MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 328,000.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,059.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0030725899 MORTGAGORS: SAFFELLE MICHAEL
SAFFELLE JUDITH
REGION CODE ADDRESS : 7 KNIGHT WAY
01 CITY : MANSFIELD
STATE/ZIP : MA 02048
MORTGAGE AMOUNT : 250,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,444.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,470.72 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 90.27700
----------------------------------------------------------------
0 0030726574 MORTGAGORS: LANPHERE DANIEL
LANPHERE JACQUELINE
REGION CODE ADDRESS : 2242 N WISTERIA LANE
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 328,450.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,468.88 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,068.15 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99100
----------------------------------------------------------------
0 0030727002 MORTGAGORS: RESNICK HAROLD
RESNICK BARBARA
REGION CODE ADDRESS : 18F CAPE CODDER ROAD
01 CITY : FALMOUTH
STATE/ZIP : MA 02540
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,123.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,845.35 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 55.55500
----------------------------------------------------------------
0 0030727374 MORTGAGORS: MENZIES JOHN
MENZIES NANCY
REGION CODE ADDRESS : 4154 GRANDVIEW AVENUE
01 CITY : MEMPHIS
STATE/ZIP : TN 38117
MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 284,157.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,682.64 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 56.43500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,494,350.00
P & I AMT: 14,126.01
UPB AMT: 1,487,195.47
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 40
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030727788 MORTGAGORS: WILCOX ELLIS
REGION CODE ADDRESS : 3 KING RICHARDS COURT
01 CITY : WATCHUNG
STATE/ZIP : NJ 07066
MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 468,611.42 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,424.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 78.33300
----------------------------------------------------------------
0 0030729206 MORTGAGORS: VUONG TUYEN
VUONG HOANG
REGION CODE ADDRESS : 240 SOUTH ALMONT DRIVE
01 CITY : BEVERLY HILLS
STATE/ZIP : CA 90211
MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 473,657.46 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,608.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 77.23500
----------------------------------------------------------------
0 0030729255 MORTGAGORS: STECKBECK THOMAS
STECKBECK PEGGY
REGION CODE ADDRESS : 5821 BEISINGER PLACE
01 CITY : INDIANAPOLIS
STATE/ZIP : IN 46237
MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 311,124.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,923.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 68.64000
----------------------------------------------------------------
0 0030729412 MORTGAGORS: CARLISLE JEFFREY
REGION CODE ADDRESS : 13845 VALLEY VISTA BLVD
01 CITY : LOSANGELES SHERMAN OAKS A
STATE/ZIP : CA 91423
MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 237,327.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,308.93 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 66.11100
----------------------------------------------------------------
0 0030729461 MORTGAGORS: GIBBONS LEMUEL
GIBBONS SUSANNA
REGION CODE ADDRESS : 3320 MARBLEHEAD LANE
01 CITY : RALEIGH
STATE/ZIP : NC 27612
MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 290,249.97 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,727.66 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 73.92400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,788,000.00
P & I AMT: 16,992.59
UPB AMT: 1,780,970.28
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 41
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030729511 MORTGAGORS: CRABTREE ANTHONY
CRABTREE CAROLYN
REGION CODE ADDRESS : 960 THREE QUARTER POINT
01 CITY : WIRTZ
STATE/ZIP : VA 24184
MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 341,922.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,247.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 52.67100
----------------------------------------------------------------
0 0030729529 MORTGAGORS: FRANK LAWRENCE
REGION CODE ADDRESS : 130 VIA SODERINI
01 CITY : APTOS
STATE/ZIP : CA 95003
MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 278,109.70 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,716.39 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 70.00000
----------------------------------------------------------------
0 0030729537 MORTGAGORS: SMITH GREGORY
SMITH FRAYA
REGION CODE ADDRESS : 119 PALM KEY
01 CITY : MC QUEENY
STATE/ZIP : TX 78123
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,588.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030729545 MORTGAGORS: GAW STEPHEN
GAW SHIRLEY
REGION CODE ADDRESS : 10235 SANTA CLARA AVENUE
01 CITY : CUPERTINO
STATE/ZIP : CA 95014
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,780.23 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,522.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/11
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 59.09091
----------------------------------------------------------------
0 0030729552 MORTGAGORS: WINN ELISABETH
WINN ARTHUR
REGION CODE ADDRESS : 1728 DREWLAINE DRIVE
01 CITY : VIENNA
STATE/ZIP : VA 22182
MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,057.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,522.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.00200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,493,000.00
P & I AMT: 14,154.92
UPB AMT: 1,477,457.98
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 42
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030729560 MORTGAGORS: MATSUO KEITH
LOW JULIE
REGION CODE ADDRESS : 3033 EAST ECHO HILL WAY
01 CITY : ORANGE
STATE/ZIP : CA 92867
MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 266,428.66 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,541.85 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030729586 MORTGAGORS: PANGAN RUEL
PANGAN EVANGELINE
REGION CODE ADDRESS : 3306 MORNING VIEW TERR.
01 CITY : FREMONT
STATE/ZIP : CA 94539
MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 288,242.85 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,688.34 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 59.67000
----------------------------------------------------------------
0 0030729602 MORTGAGORS: MA LIU
YU MA HELEN
REGION CODE ADDRESS : 6772 MISTY WILLOW CT
01 CITY : SAN JOSE
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 350,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 347,170.48 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,223.42 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 11/01/11
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030729636 MORTGAGORS: PITTMAN DONALD
PITTMAN REBECCA
REGION CODE ADDRESS : 4355 THOMAS CT
01 CITY : BEAUMONT
STATE/ZIP : TX 77706
MORTGAGE AMOUNT : 317,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 313,294.17 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,038.50 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.48700
----------------------------------------------------------------
0 0030729651 MORTGAGORS: TZENG WEN
CHENG MELISSA
REGION CODE ADDRESS : 18322 JOCOTAL AVENUE
01 CITY : VILLA PARK
STATE/ZIP : CA 92861
MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 374,701.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,612.37 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,604,350.00
P & I AMT: 15,104.48
UPB AMT: 1,589,837.16
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 43
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030729677 MORTGAGORS: POWELL JIMMY
POWELL DELORES
REGION CODE ADDRESS : 1025 DORCEY DR
01 CITY : INCLINE VILLAGE
STATE/ZIP : NV 89451
MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 282,660.79 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,733.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.50600
----------------------------------------------------------------
0 0030729685 MORTGAGORS: BROWN BILL
REGION CODE ADDRESS : 2432 PING DRIVE
01 CITY : HENDERSON
STATE/ZIP : NV 89014
MORTGAGE AMOUNT : 251,950.00 OPTION TO CONVERT :
UNPAID BALANCE : 245,592.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,407.77 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.98700
----------------------------------------------------------------
0 0030729701 MORTGAGORS: FAZIO STEVEN
FAZIO LILIANE
REGION CODE ADDRESS : 17180 RAYEN ST
01 CITY : LOS ANGELES
STATE/ZIP : CA 91325
MORTGAGE AMOUNT : 434,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 431,455.37 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,116.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.83100
----------------------------------------------------------------
0 0030729735 MORTGAGORS: PALENSHUS DAVID
PALENSHUS ANN
REGION CODE ADDRESS : 17111 NW 69TH AVE
01 CITY : RIDGEFIELD
STATE/ZIP : WA 98642
MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 248,309.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,408.25 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030729750 MORTGAGORS: SMITH KEVIN
REGION CODE ADDRESS : 1501 TIPTOE LANE
01 CITY : LOS ALTOS
STATE/ZIP : CA 94024
MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,513.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,073.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/11
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 57.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,543,150.00
P & I AMT: 14,739.00
UPB AMT: 1,523,532.51
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
P.O. BOX 5260 TMS AG00049702A5 00 01
PAGE: 44
CHERRY HILL, N.J. 08034
(800) 257-7818
0 ----------------------------------------------------------------
0 0030729776 MORTGAGORS: MC COMBS GLENN
MC COMBS JOAN
REGION CODE ADDRESS : 2971 S. BUTTE CIRCLE
01 CITY : SEDALIA
STATE/ZIP : CO 80135
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,799.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/11
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 56.74400
----------------------------------------------------------------
0 0030730642 MORTGAGORS: ALCANTARA ALDO
REGION CODE ADDRESS : 184 S HIBISCUS DRIVE
01 CITY : MIAMI BEACH
STATE/ZIP : FL 03319
MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 348,954.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,269.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 40.57900
----------------------------------------------------------------
0 0030731350 MORTGAGORS: PRITCHARD RAYMOND
WARD CAROLE
REGION CODE ADDRESS : 797 CASTLE HILL ROAD
01 CITY : REDWOOD CITY
STATE/ZIP : CA 94061
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 298,162.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,759.77 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 63.82900
----------------------------------------------------------------
0 0030732374 MORTGAGORS: HOROWITZ HARVEY
REGION CODE ADDRESS : 10 S. BRIAR HOLLOW # 29
01 CITY : HOUSTON
STATE/ZIP : TX 77027
MORTGAGE AMOUNT : 237,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,451.13 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,307.00 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 67.94200
----------------------------------------------------------------
0 0030732457 MORTGAGORS: LU CHUANFU
LU KUOCHIN
REGION CODE ADDRESS : 996 LAS ROSAS DRIVE
01 CITY : WEST COVINA
STATE/ZIP : CA 91791
MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 318,061.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,966.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 69.73300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,451,800.00
P & I AMT: 13,581.94
UPB AMT: 1,443,428.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 45
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030732465 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXX
01 CITY : BALSAM LAKE
STATE/ZIP : WI 54024
MORTGAGE AMOUNT : 275,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,913.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,590.87 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 67.62800
----------------------------------------------------------------
0 0030732499 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0000 X 000XX XXXXX
01 CITY : GOODYEAR
STATE/ZIP : AZ 85338
MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 235,317.99 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,255.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 79.95000
----------------------------------------------------------------
0 0030732598 MORTGAGORS: XXXX XXXXX
XXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXXX XXXX #0000
01 CITY : DALLAS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 377,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 375,848.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,468.12 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 78.91100
----------------------------------------------------------------
0 0030734412 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXX
REGION CODE ADDRESS : 00 XXXXX XXXX
01 CITY : 00RMEL VALLEY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 241,261.08 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,226.21 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 74.23300
----------------------------------------------------------------
0 0030734776 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXX
REGION CODE ADDRESS : 000 XXXXXX XXXX
01 CITY : XXXXXXX
STATE/ZIP : MO 65781
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,293.39 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,425.36 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 71.22500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,380,250.00
P & I AMT: 12,965.90
UPB AMT: 1,369,634.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 46
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030734842 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX
01 CITY : SOUTH LAKE TAHOE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,963.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,281.65 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030735252 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 10203 SPICEWOOD MESA
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 224,550.00 OPTION TO CONVERT :
UNPAID BALANCE : 223,879.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,097.59 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 89.99639
----------------------------------------------------------------
0 0030736946 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXXX
01 CITY : RENO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 288,800.00 OPTION TO CONVERT :
UNPAID BALANCE : 287,965.40 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,759.92 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 74.05120
----------------------------------------------------------------
0 0030737456 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXX.
01 CITY : HOUSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 530,250.00 OPTION TO CONVERT :
UNPAID BALANCE : 528,666.07 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,953.23 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030737779 MORTGAGORS: XXXXXXXX XXXXXXX
XXXXXXXX XXXX
REGION CODE ADDRESS : XXXXXXXXX XXXXX
00 XXXX : BEDFORD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 230,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 230,146.82 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,148.20 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 07/01/11
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 59.20500
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,516,900.00
P & I AMT: 14,240.59
UPB AMT: 1,511,620.60
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 47
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030738454 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXXX XX
01 CITY : GRASS SPRINGS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,093.96 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,781.04 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 72.11500
----------------------------------------------------------------
0 0030738884 MORTGAGORS: XXX XXXXX
XXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXX XXXXXX
01 CITY : CARLSBAD
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 516,849.24 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,820.47 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 65.00000
----------------------------------------------------------------
0 0030738892 MORTGAGORS: XXXXXX XXXXXXX
REGION CODE ADDRESS : 0000 00XX XXXXXX X000
01 CITY : SEATTLE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 226,648.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,146.11 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.72000
----------------------------------------------------------------
0 0030738900 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXXXXX
REGION CODE ADDRESS : 1755 EL CAMINO DEL TEATRO
01 CITY : SAN DIEGO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 495,539.68 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,706.38 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 35.71400
----------------------------------------------------------------
0 0030738934 MORTGAGORS: XXXXXXX XXXXXXXXX
XXXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXX
01 CITY : SARATOGA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 397,705.86 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,851.53 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 33.33300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,948,000.00
P & I AMT: 18,305.53
UPB AMT: 1,935,837.17
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 48
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030739031 MORTGAGORS: XXXXXXX XXX
XXXXXXX XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 233,560.49 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,161.82 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 39.49500
----------------------------------------------------------------
0 0030739056 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXX XXXX
01 CITY : SANTA XXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 236,092.12 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,235.53 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 69.85200
----------------------------------------------------------------
0 0030739080 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 00000 XX 00XX XXXXXX
01 CITY : FALL CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,518.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,629.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.50000 PRODUCT CODE : 002
LTV : 68.46100
----------------------------------------------------------------
0 0030739114 MORTGAGORS: XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXXX XXXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95125
MORTGAGE AMOUNT : 464,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 458,166.03 ANNUAL RATE ADJUST:
MONTHLY P&I : 4,476.44 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 09/01/11
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030739130 MORTGAGORS: XXXX XXXXXX
XXXX XXXXXX
REGION CODE ADDRESS : 00000 XXXX XXXX XXXXX
01 CITY : LOS GATOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 542,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 538,921.57 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,141.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 38.72100
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,746,500.00
P & I AMT: 16,644.60
UPB AMT: 1,732,258.96
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 49
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030739619 MORTGAGORS: XXXXXXXXXXX XXXXXX
XXXXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXX
01 CITY : BURBANK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,503.91 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 74.36600
----------------------------------------------------------------
0 0030741540 MORTGAGORS: RUNJIC XXXXXX
REGION CODE ADDRESS : 0000 XX 000XX XXXXXXX
01 CITY : MIAMI
STATE/ZIP : FL 33156
MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 305,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,849.10 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 60.39600
----------------------------------------------------------------
0 0030741714 MORTGAGORS: WU XXXXX
XXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXXX
01 CITY : XXXXXX CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 243,271.14 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,279.28 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 66.84900
----------------------------------------------------------------
0 0030742597 MORTGAGORS: REDDY XXXXXXXXXXXXX
XXXXXX RAM
REGION CODE ADDRESS : 0000 XXXXXXX XXXX XXX
01 CITY : GLENWOOD
STATE/ZIP : MD 21783
MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 409,448.65 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,761.00 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030743298 MORTGAGORS: DAR SIKANDER
DAR XXXXXX
REGION CODE ADDRESS : 17586 TOFT COVE
01 CITY : EDEN PRAIRIE
STATE/ZIP : MN 55347
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,823.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 64.51600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,525,000.00
P & I AMT: 14,217.12
UPB AMT: 1,521,719.79
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 50
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030744452 MORTGAGORS: XXXXX XXXXX
XXXXX XXX
REGION CODE ADDRESS : 2696 XXXXX COURT
01 CITY : FREMONT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 259,240.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 73.86300
----------------------------------------------------------------
0 0030744460 MORTGAGORS: PLADIAN SOGHOMON
XXXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX XXXXX
01 CITY : LOS ANGELES
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,816.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,370.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 60.00000
----------------------------------------------------------------
0 0030744478 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXX XXXXXXXX XXXXX
01 CITY : YORK
STATE/ZIP : PA 17402
MORTGAGE AMOUNT : 331,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 330,424.41 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,049.55 OUTSIDE CONV DATE :
LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.37500 PRODUCT CODE : 002
LTV : 77.09300
----------------------------------------------------------------
0 0030744486 MORTGAGORS: XXXXXXXXX XXXXX
XXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXXX
01 CITY : CRESSKILL
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 315,086.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,019.87 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030744551 MORTGAGORS: XXX XXXXX-XXX
XXXXX PI-FANG
REGION CODE ADDRESS : 0000 XXXX XXXXX XXXXX
01 CITY : SAN XXXX
STATE/ZIP : CA 95120
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 299,113.67 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,823.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 73.17000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,582,500.00
P & I AMT: 14,729.83
UPB AMT: 1,577,682.05
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 51
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030744577 MORTGAGORS: PERRY XXXXXXX
XXXXX RENATA
REGION CODE ADDRESS : 000 XXXX 00XX XXXXXX
01 CITY : SAN MATEO
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 256,189.18 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,309.99 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 68.53300
----------------------------------------------------------------
0 0030745228 MORTGAGORS: XXXXX XXXXX
XXXXX XXXXXXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXXXX XXXX
01 CITY : NEW CASTLE
STATE/ZIP : IN 47362
MORTGAGE AMOUNT : 350,100.00 OPTION TO CONVERT :
UNPAID BALANCE : 349,110.47 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,396.47 OUTSIDE CONV DATE :
LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.25000 PRODUCT CODE : 002
LTV : 87.52500
----------------------------------------------------------------
0 0030745921 MORTGAGORS: SHIH XXXXXX
XXXX YALEE
REGION CODE ADDRESS : 50 ASCESION
01 CITY : IRVINE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,277.53 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,389.14 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 49.50800
----------------------------------------------------------------
0 0030746457 MORTGAGORS: XXXXXX XXXXX
REGION CODE ADDRESS : 5118 CHEENA
01 CITY : HOUSTON
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,622.76 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,992.83 OUTSIDE CONV DATE :
LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.12500 PRODUCT CODE : 002
LTV : 78.57100
----------------------------------------------------------------
0 0030747430 MORTGAGORS: XXXX XXXXXX
XXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : BENICIA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,780.59 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,292.01 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.97600
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,320,600.00
P & I AMT: 12,380.44
UPB AMT: 1,315,980.53
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 52
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030747919 MORTGAGORS: XXXX XXXX-XX
XXXX XXXX-XXXXX
REGION CODE ADDRESS : 00000 XXXX XXXXXXX XXXXX
01 CITY : WALNUT
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 257,220.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,391.70 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 71.27071
----------------------------------------------------------------
0 0030747935 MORTGAGORS: CONE HOWELL
REGION CODE ADDRESS : 000 XXXXX XXXXXXXXX XXXX 0000 XX.
01 CITY : PADRE ISLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 307,119.74 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,965.68 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030748123 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXXXXX XXXXXXX
REGION CODE ADDRESS : 000 00XX XXXXXX
01 CITY : MENLO PARK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,284.10 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,323.71 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 79.03225
----------------------------------------------------------------
0 0030749311 MORTGAGORS: XXXXX XXXX
REGION CODE ADDRESS : 000 XXXX 00XX XXXXXX, XXXX 00X
01 CITY : NEW YORK
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,561.15 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,163.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 90.00000
----------------------------------------------------------------
0 0030750335 MORTGAGORS: XXXXXX XXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXX XXXXX
01 CITY : AUSTIN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 314,126.75 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,974.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,455,500.00
P & I AMT: 13,818.60
UPB AMT: 1,450,312.54
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 53
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030752521 MORTGAGORS: XXXX XXXX
HUNG SHIOWHWA
REGION CODE ADDRESS : 13058 BACH WAY
01 CITY : CERRITOS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,353.19 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 60.40100
----------------------------------------------------------------
0 0030752653 MORTGAGORS: XXXX XXXX
XXXX XXX
REGION CODE ADDRESS : 0000 X. XXXXXXX XXXXXX
01 CITY : ARCADIA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 219,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 218,345.81 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,045.75 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 47.92100
----------------------------------------------------------------
0 0030753149 MORTGAGORS: XXX XXXX
XXXX VIOLET
REGION CODE ADDRESS : 2763 AUTUMN RIDGE
01 CITY : THOUSAND OAKS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 323,650.00 OPTION TO CONVERT :
UNPAID BALANCE : 322,693.80 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,046.44 OUTSIDE CONV DATE :
LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.75000 PRODUCT CODE : 002
LTV : 79.99400
----------------------------------------------------------------
0 0030754329 MORTGAGORS: XXXX XXXXX
DE XXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXX
01 CITY : COTO DE CAZA
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 398,831.20 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,793.80 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.80800
----------------------------------------------------------------
0 0030755318 MORTGAGORS: MC ELHANNON XXXXXX
MC ELHANNON XXXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX XXXXXX
01 CITY : CUMMING
STATE/ZIP : GA 30131
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 219,298.34 ANNUAL RATE ADJUST:
MONTHLY P&I : 1,962.08 OUTSIDE CONV DATE :
LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 6.87500 PRODUCT CODE : 002
LTV : 57.14200
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,412,650.00
P & I AMT: 13,201.26
UPB AMT: 1,409,169.15
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 54
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030755326 MORTGAGORS: XXXXX XXXX
XXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXXX XXXXX
01 CITY : DENVER
STATE/ZIP : CO 80235
MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 263,185.04 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,409.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030756092 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXX
REGION CODE ADDRESS : 000 00XX XXXXXX
01 CITY : MANHATTEN BEACH
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 589,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 589,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 5,586.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 63.67500
----------------------------------------------------------------
0 0030758304 MORTGAGORS: XXXXXXX XXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXXXX XXXXX
01 CITY : ANNAPOLIS
STATE/ZIP : MD 21403
MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 267,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,532.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 50.85700
----------------------------------------------------------------
0 0030759815 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 000 XXXXXXX XXXXXX
01 CITY : FOLSOM
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 249,269.50 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,371.13 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 71.42800
----------------------------------------------------------------
0 0030760664 MORTGAGORS: XXXXXXX XXXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XX.
01 CITY : YARDLEY
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 235,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 234,313.33 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,228.86 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 89.69400
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,605,000.00
P & I AMT: 15,128.69
UPB AMT: 1,602,767.87
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 55
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030760946 MORTGAGORS: XXXX XXXXXXX
XXXX XXXX
REGION CODE ADDRESS : 0000 XXXXXX XXXXX
01 CITY : OCEANSIDE
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 224,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,092.45 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 77.77700
----------------------------------------------------------------
0 0030761142 MORTGAGORS: MORO B
XXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXX XXXX
01 CITY : YARDLEY
STATE/ZIP : PA 19067
MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,331.80 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030761159 MORTGAGORS: XXXXXXX XXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXX XXXX
00 CITY : WOODLAND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 373,816.89 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,370.61 OUTSIDE CONV DATE :
LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.00000 PRODUCT CODE : 002
LTV : 75.00000
----------------------------------------------------------------
0 0030761217 MORTGAGORS: XXXXX XXXXXX
XXXXX XXXXX
REGION CODE ADDRESS : 00000 XXXXXXXX XXXX
01 CITY : AGOURA HILLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 240,900.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,203.83 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,302.17 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 89.22200
----------------------------------------------------------------
0 0030761258 MORTGAGORS: XXXXXXXXX XXXXXXX
XXXXXXXXX XXXXXXXX
REGION CODE ADDRESS : 0000 XX XXXXXXXXX XXXXX
01 CITY : PORTLAND
STATE/ZIP : OR 97201
MORTGAGE AMOUNT : 241,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 240,280.11 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,251.25 OUTSIDE CONV DATE :
LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.62500 PRODUCT CODE : 002
LTV : 34.42800
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,324,900.00
P & I AMT: 12,348.28
UPB AMT: 1,322,300.83
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 56
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030761308 MORTGAGORS: XXXXXX XXXXXXX
XXXXXX XXXXXXX
REGION CODE ADDRESS : 00 XXX XXXX XXXX
01 CITY : KENNEBUNK
STATE/ZIP : ME 04043
MORTGAGE AMOUNT : 273,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,175.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,530.74 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 67.40700
----------------------------------------------------------------
0 0030761324 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXX
REGION CODE ADDRESS : 0 XXXXXXX XXXX XX
00 XXXX : XXXXXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 336,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 335,483.73 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,119.40 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 79.17600
----------------------------------------------------------------
0 0030761373 MORTGAGORS: XXXXX XXXXX
XXXXX XXXX
REGION CODE ADDRESS : 2504 TOURNAMENT COURT
01 CITY : CASTLE ROCK
STATE/ZIP : CO 80104
MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 250,719.51 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,304.98 OUTSIDE CONV DATE :
LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.25000 PRODUCT CODE : 002
LTV : 42.08300
----------------------------------------------------------------
0 0030761381 MORTGAGORS: XXXXXX XXXX
XXXXXX XXXXXXXXX
REGION CODE ADDRESS : 00 XXXXXXX XXXX
01 CITY : HO-XX-XXX
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT :
UNPAID BALANCE : 294,356.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,842.43 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/12
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030761407 MORTGAGORS: XXXXXXX XXXXXX
XXXXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXX XXXX
01 CITY : WICHITA FALLS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,248.71 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,886.07 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,459,200.00
P & I AMT: 13,683.62
UPB AMT: 1,452,983.78
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 57
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030761423 MORTGAGORS: XXXXXXXXXX XXX
XXXXXXXXXX XXX
REGION CODE ADDRESS : 000 XXXXXXXXX XX
01 CITY : ENID
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 258,475.58 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,465.97 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 72.02200
----------------------------------------------------------------
0 0030761464 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXX
REGION CODE ADDRESS : 0000 XXXX XXXXXX XX
01 CITY : CORPUS CHRISTI
STATE/ZIP : TX 78413
MORTGAGE AMOUNT : 244,050.00 OPTION TO CONVERT :
UNPAID BALANCE : 242,571.28 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,262.37 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 89.98300
----------------------------------------------------------------
0 0030761472 MORTGAGORS: XXXXXX XXXXXX
XXXXXX XXXXXX
REGION CODE ADDRESS : 00000 XX XXXX XXXX-XXXXXXXXXX XX
01 CITY : FALL CITY
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT :
UNPAID BALANCE : 265,595.44 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,469.56 OUTSIDE CONV DATE :
LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/12
CURRENT INT RATE: 7.50000 PRODUCT CODE : 002
LTV : 80.00000
----------------------------------------------------------------
0 0030761506 MORTGAGORS: XXXXXXXX XXXXXX
XXXXXXXX XXXXXX
REGION CODE ADDRESS : 000 X. XXXXXXX XXXX XX
01 CITY : YUMA
STATE/ZIP : AZ 85364
MORTGAGE AMOUNT : 274,500.00 OPTION TO CONVERT :
UNPAID BALANCE : 272,908.19 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,623.26 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/11
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 77.98200
----------------------------------------------------------------
0 0030764229 MORTGAGORS: XXXXX XXXXXXX
XXXXX XXXXXXXXX
REGION CODE ADDRESS : 0 XXXXXXXXX XXXXX
01 CITY : BLAIRSTOWN
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 329,270.00 OPTION TO CONVERT :
UNPAID BALANCE : 327,339.43 ANNUAL RATE ADJUST:
MONTHLY P&I : 3,122.96 OUTSIDE CONV DATE :
LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/11
CURRENT INT RATE: 7.87500 PRODUCT CODE : 002
LTV : 83.35900
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 5
LOAN AMT: 1,374,220.00
P & I AMT: 12,944.12
UPB AMT: 1,366,889.92
1
GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C
ISSUE DATE: 02/01/97
X.X. XXX 0000 TMS AG00049702A5 00 01
PAGE: 58
XXXXXX XXXX, X.X. 00000
(000) 000-0000
0 ----------------------------------------------------------------
0 0030764559 MORTGAGORS: MC XXXXXX XXXXXXX
MC XXXXXX XXXXX
REGION CODE ADDRESS : 908 OLDE WATERFRONT
01 CITY : EDMOND
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 217,459.32 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,118.34 OUTSIDE CONV DATE :
LIFETIME RATE : 8.12500 MATURITY DATE : 10/01/11
CURRENT INT RATE: 8.12500 PRODUCT CODE : 002
LTV : 79.71000
----------------------------------------------------------------
0 0030765440 MORTGAGORS: XXXXX ASIAN
XXXXX XXXXX
REGION CODE ADDRESS : 0000 XXXXXXXXXX XX
01 CITY : LA HABRA HEIGHTS
STATE/ZIP : XX 00000
MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT :
UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST:
MONTHLY P&I : 2,866.96 OUTSIDE CONV DATE :
LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/12
CURRENT INT RATE: 8.00000 PRODUCT CODE : 002
LTV : 46.15300
----------------------------------------------------------------
- **** PAGE TOTALS ***** NUM OF LOANS: 2
LOAN AMT: 520,000.00
P & I AMT: 4,985.30
UPB AMT: 517,459.32
0 TOTAL NUM OF LOANS: 287
LOAN AMT: 90,743,405.00
P & I AMT: 855,002.21
UPB AMT: 90,154,303.28
EXHIBIT D
FORM OF SERVICER'S CERTIFICATE
________________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1997-2
Pursuant to the Pooling and Servicing Agreement dated
as of February 1, 1997 (the "Agreement") between GE Capital
Mortgage Services, Inc. (the "Company"), and State Street Bank
and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
A. Mortgage Loan Information:
(1) Aggregate Scheduled Monthly Pool 1 Pool 2
--------- --------
Payments:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(2) Aggregate Monthly Payments
received and Monthly Advances
made this Month:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(3) Aggregate Principal Prepayments in part received
and applied in the applicable Prepayment Period:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
Pool 1 Pool 2
(4) Aggregate Principal Prepayments --------- --------
in full received in
the applicable Prepayment
Period:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(5) Aggregate Insurance Proceeds
(including purchases of
Mortgage Loans by primary
mortgage insurers) for
prior month:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(6) Aggregate Liquidation
Proceeds for prior month:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(7) Aggregate Purchase Prices for
Defaulted and Modified
Mortgage Loans:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(8) Aggregate Purchase Prices
(and substitution adjustments)
for Defective Mortgage Loans:
(a) Principal $________ $________
(b) Interest $________ $________
(c) Total $________ $________
(9) Pool Scheduled Principal
Balance: $________ $________
(10) Available Funds: $________ $________
(11) Realized Losses for
prior month: $________ $________
2
Pool 1 Pool 2
(12) Aggregate Realized --------- --------
Losses and Debt
Service Reductions:
(a) Deficient Valuations $________ $________
(b) Special Hazard
Losses $________ $________
(c) Fraud Losses $________ $________
(d) Excess Bankruptcy
Losses $________ $________
(e) Excess Special
Hazard Losses $________ $________
(f) Excess Fraud
Losses $________ $________
(g) Debt Service
Reductions $________ $________
(13) Compensating Interest Payment: $________ $________
(14) Accrued Certificate Interest,
Unpaid Class Interest Shortfalls
and Pay-out Rate:
Class 1-A1 $__________ $__________ ____%
Class 1-A2 $__________ $__________ ____%
Class 1-A3 $__________ $__________ ____%
Class 1-A4 $__________ $__________ ____%
Class 1-A5 $__________ $__________ ____%
Class 1-A6 $__________ $__________ ____%
Class 1-A7 $__________ $__________ ____%
Class 1-A8 $__________ $__________ ____%
Class 1-A9 $__________ $__________ ____%
Class 1-A10 $__________ $__________ ____%
Class 1-A11 $__________ $__________ ____%
Class 1-A12 $__________ $__________ ____%
Class 1-A13 $__________ $__________ ____%
Class 1-A14 $__________ $__________ ____%
Class 1-A15 $__________ $__________ ____%
Class 1-A16 $__________ $__________ ____%
Class 1-A17 $__________ $__________ ____%
Class 1-S $__________ $__________ ____%
Class 1-M $__________ $__________ ____%
Class 1-B1 $__________ $__________ ____%
Class 1-B2 $__________ $__________ ____%
Class 1-B3 $__________ $__________ ____%
Class 1-B4 $__________ $__________ ____%
Class 1-B5 $__________ $__________ ____%
Class R $__________ $__________ ____%
Class RL $__________ $__________ ____%
Class 2-A1 $__________ $__________ ____%
Class 2-A2 $__________ $__________ ____%
Class 2-A3 $__________ $__________ ____%
3
Class 2-A4 $__________ $__________ ____%
Class 2-A5 $__________ $__________ ____%
Class 2-A6 $__________ $__________ ____%
Class 2-A7 $__________ $__________ ____%
Class 2-M $__________ $__________ ____%
Class 2-S $__________ $__________ ____%
Class 2-B1 $__________ $__________ ____%
Class 2-B2 $__________ $__________ ____%
Class 2-B3 $__________ $__________ ____%
Class 2-B4 $__________ $__________ ____%
Class 2-B5 $__________ $__________ ____%
(15) Principal distribu-
table:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A4 $__________
Class 1-A5 $__________
Class 1-A6 $__________
Class 1-A7 $__________
Class 1-A8 $__________
Class 1-A9 $__________
Class 1-A10 $__________
Class 1-A11 $__________
Class 1-A12 $__________
Class 1-A13 $__________
Class 1-A14 $__________
Class 1-A15 $__________
Class 1-A16 $__________
Class 1-A17 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
Class R $__________
Class RL $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
4
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
(16) Additional distributions to
the Class R Certificate
pursuant to Section 4.01(c): $_____________
(17) Additional distributions to
the Class RL Certificate
pursuant to Section 2.05(d): $_____________
(18) Certificate Interest Rate of:
Class 1-A8 Certificates _____________%
Class 1-A9 Certificates _____________%
Class 1-S Certificates _____________%
Class 2-S Certificates _____________%
5
B. Other Amounts:
1. Senior Percentage for such
Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
2. Group I Senior Percentage
for such Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
3. Group II Senior Percentage
for such Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
4. Senior Prepayment Percentage
for such Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
5. Group I Senior Prepayment
Percentage for such
Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
6. Group II Senior Prepayment
Percentage for such
Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
7. Junior Percentage
for such Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
8. Junior Prepayment Percentage
for such Distribution Date:
Pool 1 _____________%
Pool 2 _____________%
9. Subordinate Certificate
Writedown Amount for
such Distribution Date:
Pool 1 $_____________
Pool 2 $_____________
6
10. Prepayment Distribution
Triggers satisfied: Yes No
--- --
Class 1-B1 ____ ____
Class 1-B2 ____ ____
Class 1-B3 ____ ____
Class 1-B4 ____ ____
Class 1-B5 ____ ____
Class 2-B1 ____ ____
Class 2-B2 ____ ____
Class 2-B3 ____ ____
Class 2-B4 ____ ____
Class 2-B5 ____ ____
Capitalized terms used in this Certificate shall have the same
meanings as in the Agreement.
7
EXHIBIT E
FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR
DEFINITIVE ERISA-RESTRICTED CERTIFICATES
State Street Bank and Trust Company
Corporate Trust Department
000 Xxxxxxxx Xxxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
[NAME OF OFFICER] ______________________ hereby certifies
that:
1. That he [she] is [title of officer] _________________ of
[name of Investor] _______________________________________ (the
"Investor"), a ________________________ [description of type of
entity] duly organized and existing under the laws of the [State
of ____________] [United States], on behalf of which he [she]
makes this affidavit.
2. The Investor (i) is not, and on ________________ [insert
date of transfer of Certificate to Investor] will not be, and on
such date will not be investing the funds of, an employee benefit
plan subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA") or a plan subject to Section 4975 of
the Code or (ii) is an insurance company investing assets of its
general account and the exemptions provided by Section III(a) of
Department of Labor Prohibited Transaction Class Exemption 95-60,
60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to
the Investor's acquisition and holding or any ERISA-Restricted
Certificate.
3. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement (the "Agreement") between
State Street Bank and Trust Company, as Trustee and GE Capital
Mortgage Services, Inc., dated as of February 1, 1997, no
transfer of any ERISA-Restricted Certificate shall be permitted
to be made to any person unless the Trustee has received (i) a
certificate from such transferee to the effect that (x) such
transferee is not an employee benefit plan subject to ERISA or a
plan subject to Section 4975 of the Code (a "Plan") and is not
using the assets of any such employee benefit or other plan to
acquire any such Certificate or (y) such transferee is an
insurance company investing assets of its general account and the
Exemptions apply to such transferee's acquisition and holding of
any such Certificate or (ii) an opinion of counsel satisfactory
to the Trustee to the effect that the purchase and holding of any
such Certificate will not constitute or result in the assets of
the Trust Fund created by the Agreement being deemed to be "plan
assets" and subject to the prohibited transaction provisions of
ERISA or Section 4975 of the Code and will not subject the
Trustee or the Company to any obligation in addition to those
undertaken in the Agreement (provided, however, that the Trustee
will not require such certificate or opinion in the event that,
as a result of change of law or otherwise, counsel satisfactory
to the Trustee has rendered an opinion to the effect that the
purchase and holding of any such Certificate by a Plan or a
Person that is purchasing or holding any such Certificate with
the assets of a Plan will not constitute or result in a
prohibited transaction under ERISA or Section 4975 of the Code).
[4. The ERISA-Restricted Certificates shall be registered
in the name of ______________________________________________ as
nominee for the Investor.]
IN WITNESS WHEREOF, the Investor has caused this instrument
to be executed on its behalf, pursuant to authority of its Board
of Directors, by its [title of officer] __________________ and
its corporate seal to be hereunder attached, attested by its
[Assistant] Secretary, this ____ day of _________, 199_.
______________________________
[name of Investor]
By:___________________________
Name:
Title:
The undersigned hereby acknowledges that it is holding and
will hold the ERISA-Restricted Certificates at the exclusive
direction of and as nominee of the Investor named above.
_______________________________
[name of nominee]
By:____________________________
Name:
Title:
2
EXHIBIT F
FORM OF RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT
STATE OF )
) ss.:
COUNTY OF )
[NAME OF OFFICER], _________________ being first duly
sworn, deposes and says:
1. That he [she] is [title of officer] ___________
_____________ of [name of Purchaser] ________________________
_________________ (the "Purchaser"), a _______________________
[description of type of entity] duly organized and existing under
the laws of the [State of __________] [United States], on behalf
of which he [she] makes this affidavit.
2. That the Purchaser's Taxpayer Identification
Number is [ ].
3. That the Purchaser is not a "disqualified
organization" within the meaning of Section 860E(e)(5) of the
Internal Revenue Code of 1986, as amended (the "Code") and will
not be a "disqualified organization" as of [date of transfer],
and that the Purchaser is not acquiring a Residual Certificate
(as defined below) for the account of, or as agent (including a
broker, nominee, or other middleman) for, any person or entity
from which it has not received an affidavit substantially in the
form of this affidavit. For these purposes, a "disqualified
organization" means the United States, any state or political
subdivision thereof, any foreign government, any international
organization, any agency or instrumentality of any of the
foregoing (other than an instrumentality if all of its activities
are subject to tax and a majority of its board of directors is
not selected by such governmental entity), any cooperative
organization furnishing electric energy or providing telephone
service to persons in rural areas as described in Code Section
1381(a)(2)(C), or any organization (other than a farmers'
cooperative described in Code Section 521) that is exempt from
federal income tax unless such organization is subject to the tax
on unrelated business income imposed by Code Section 511. As used
herein, "Residual Certificate" means any Certificate designated
as a "Class R Certificate" or "Class RL Certificate" of GE
Capital Mortgage Services, Inc.'s REMIC Multi-Class Pass-Through
Certificates, Series 1997-2.
4. That the Purchaser is not, and on __________
[insert date of transfer of Residual Certificate to Purchaser]
will not be, and is not and on such date will not be investing
the assets of, an employee benefit plan subject to the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), or
a plan subject to Code Section 4975 or a person or entity that is
using the assets of any employee benefit plan or other plan to
acquire a Residual Certificate.
5. That the Purchaser hereby acknowledges that under
the terms of the Pooling and Servicing Agreement (the
"Agreement") between State Street Bank and Trust Company, as
Trustee, and GE Capital Mortgage Services, Inc. dated as of
February 1, 1997, no transfer of the Residual Certificates shall
be permitted to be made to any person unless the Trustee has
received a certificate from such transferee to the effect that
such transferee is not an employee benefit plan subject to ERISA
or a plan subject to Section 4975 of the Code and is not using
the assets of any employee benefit plan or other plan to acquire
Residual Certificates.
6. That the Purchaser does not hold REMIC residual
securities as nominee to facilitate the clearance and settlement
of such securities through electronic book-entry changes in
accounts of participating organizations (such entity, a
"Book-Entry Nominee").
7. That the Purchaser does not have the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to such
Residual Certificate.
8. That the Purchaser will not transfer a Residual
Certificate to any person or entity (i) as to which the Purchaser
has actual knowledge that the requirements set forth in paragraph
3, paragraph 6 or paragraph 10 hereof are not satisfied or that
the Purchaser has reason to believe does not satisfy the
requirements set forth in paragraph 7 hereof, and (ii) without
obtaining from the prospective Purchaser an affidavit
substantially in this form and providing to the Trustee a written
statement substantially in the form of Exhibit G to the
Agreement.
9. That the Purchaser understands that, as the holder
of a Residual Certificate, the Purchaser may incur tax
liabilities in excess of any cash flows generated by the interest
and that it intends to pay taxes associated with holding such
Residual Certificate as they become due.
10. That the Purchaser (i) is not a Non-U.S. Person or
(ii) is a Non-U.S. Person that holds a Residual Certificate in
connection with the conduct of a trade or business within the
United States and has furnished the transferor and the Trustee
with an effective Internal Revenue Service Form 4224 or successor
form at the time and in the manner required by the Code or (iii)
2
is a Non-U.S. Person that has delivered to both the transferor
and the Trustee an opinion of a nationally recognized tax counsel
to the effect that the transfer of such Residual Certificate to
it is in accordance with the requirements of the Code and the
regulations promulgated thereunder and that such transfer of a
Residual Certificate will not be disregarded for federal income
tax purposes. "Non-U.S. Person" means an individual, corporation,
partnership or other person other than a citizen or resident of
the United States, a corporation, partnership or other entity
created or organized in or under the laws of the United States or
any political subdivision thereof, or an estate or trust that is
subject to U.S. federal income tax regardless of the source of
its income.
11. That the Purchaser agrees to such amendments of
the Pooling and Servicing Agreement as may be required to further
effectuate the restrictions on transfer of any Residual
Certificate to such a "disqualified organization," an agent
thereof, a Book-Entry Nominee, or a person that does not satisfy
the requirements of paragraph 7 and paragraph 10 hereof.
12. That the Purchaser consents to the designation of
the Company as its agent to act as "tax matters person" of the
Upper Tier REMIC or Lower Tier REMIC, as applicable, pursuant to
the Pooling and Servicing Agreement.
3
IN WITNESS WHEREOF, the Purchaser has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] this _____ day
of __________, 19__.
_________________________________
[name of Purchaser]
By:______________________________
Name:
Title:
Personally appeared before me the above-named [name of
officer] ________________, known or proved to me to be the same
person who executed the foregoing instrument and to be the [title
of officer] _________________ of the Purchaser, and acknowledged
to me that he [she] executed the same as his [her] free act and
deed and the free act and deed of the Purchaser.
Subscribed and sworn before me this _____ day of
__________, 19__.
NOTARY PUBLIC
______________________________
COUNTY OF_____________________
STATE OF______________________
My commission expires the _____ day of __________, 19__.
4
EXHIBIT G
[LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE]
-------------------
Date
State Street Bank and Trust Company
Corporate Trust Department
000 Xxxxxxxx Xxxxxx
0xx Xxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass-Through
Certificates, Series 1997-2
Ladies and Gentlemen:
_______________________ (the "Transferor") has
reviewed the attached affidavit of _____________________________
(the "Transferee"), and has no actual knowledge that such
affidavit is not true and has no reason to believe that the
information contained in paragraph 7 thereof is not true, and has
no reason to believe that the Transferee has the intention to
impede the assessment or collection of any federal, state or
local taxes legally required to be paid with respect to a
Residual Certificate. In addition, the Transferor has conducted a
reasonable investigation at the time of the transfer and found
that the Transferee had historically paid its debts as they came
due and found no significant evidence to indicate that the
Transferee will not continue to pay its debts as they become due.
Very truly yours,
_____________________________
Name:
Title:
EXHIBIT H
ADDITIONAL SERVICER COMPENSATION
QUALIFIED ADMINISTRATIVE EXPENSES
(Conventional, Non-Conforming Loans)
Assumption Fees $550 - $800
Late Charges Per Loan Documents
Appraisal/Inspection Fees Reasonable and Customary
Charges
Partial Release Fees $300
Easements $150
Insufficient Funds Charges $15
Document Requests (copies of loan file documents, additional
pay-off quotations, amortization schedules, payment
histories) $0
Modification Fees Reasonable and Customary
Charges
EXHIBIT I
FORM OF INVESTMENT LETTER FOR
DEFINITIVE RESTRICTED CERTIFICATES
________________
Date
State Street Bank and Trust Company
Corporate Trust Department
000 Xxxxxxxx Xxxxxx
0xx Xxxxx
Xxxxxx, Xxxxxxxxxxxxx 00000
Re: GE Capital Mortgage Services, Inc.
REMIC Multi-Class Pass Through
Certificates, Series 1997-2
Ladies and Gentlemen:
1. The undersigned, a [title of officer] _______________ of
[name of Investor] _________________________________________ (the
"Investor"), a ____________________________ [description of type
of entity] duly organized and existing under the laws of the
[State of __________________] [United States], hereby certifies
as follows:
2. The Investor hereby acknowledges that under the terms of
the Pooling and Servicing Agreement between State Street Bank and
Trust Company, as Trustee, and GE Capital Mortgage Services, Inc.
(the "Company"), dated as of February 1, 1997 (the "Agreement"),
no transfer of a Restricted Certificate may be made unless such
transfer is exempt from the registration requirements of the
Securities Act of 1933, as amended (the "Securities Act"), and
any applicable state securities laws, or is made in accordance
with the Securities Act and such laws.
3. The Investor understands that (a) the Restricted
Certificates have not been and will not be registered or
qualified under the Securities Act, or the securities laws of any
state, (b) neither the Company nor the Trustee is required, and
neither intends, to so register or qualify the Restricted
Certificates, (c) the Restricted Certificates cannot be resold
unless (i) they are registered and qualified under the Securities
Act and the applicable state securities laws or (ii) such sale is
exempt from the requirements of the Securities Act, (d) the
Agreement contains restrictions regarding the transfer of the
Restricted Certificates and (e) the Restricted Certificates will
bear a legend to the foregoing effect.
4. The Investor is acquiring the Restricted Certificates
for its own account for investment only and not with a view to or
for sale or other transfer in connection with any distribution of
the Restricted Certificates in any manner that would violate the
Securities Act or any applicable state securities laws.
5. The investor (a) is a substantial, sophisticated
institutional investor having such knowledge and experience in
financial and business matters, and in particular in such matters
related to securities similar to the Restricted Certificates,
such that it is capable of evaluating the merits and risks of
investment in the Restricted Certificates, (b) is able to bear
the economic risks of such an investment and (c) is an
"accredited investor" within the meaning of Rule 501(a)(1), (2),
(3) or (7) promulgated pursuant to the Securities Act.
6. The Investor will not authorize nor has it authorized
any person to (a) offer, pledge, sell, dispose of or otherwise
transfer any Restricted Certificate, any interest in any
Restricted Certificate or any other similar security to any
person in any manner, (b) solicit any offer to buy or to accept a
pledge, disposition or other transfer of any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security from any person in any manner, (c)
otherwise approach or negotiate with respect to any Restricted
Certificate, any interest in any Restricted Certificate or any
other similar security with any person in any manner, (d) make
any general solicitation by means of general advertising or in
any other manner, or (e) take any other action that would
constitute a distribution of any Restricted Certificate under the
Securities Act, that would render the disposition of any
Restricted Certificate a violation of Section 5 of the Securities
Act or any state securities law, or that could require
registration or qualification pursuant thereto. Neither the
Investor nor anyone acting on its behalf has offered the
Restricted Certificates for sale or made any general solicitation
by means of general advertising or in any other manner with
respect to the Restricted Certificates. The Investor will not
sell or otherwise transfer any of the Restricted Certificates,
except in compliance with the provisions of the Agreement.
7. If an Investor in a Restricted Certificate sells or
otherwise transfers any such Certificate to a transferee other
than a "qualified institutional buyer" under Rule 144A of the
Securities Act, such Investor will obtain (a) from any subsequent
purchaser the same certifications, representations, warranties
and covenants contained in the foregoing paragraphs and in this
paragraph or (b) an opinion of counsel in form and substance
satisfactory to the Trustee pursuant to the Agreement.
8. The Investor hereby indemnifies the Trustee and the
Company against any liability that may result if the Investor's
2
transfer of a Restricted Certificate (or any portion thereof) is
not exempt from the registration requirements of the Securities
Act and any applicable state securities laws or is not made in
accordance with such federal and state laws. Such indemnification
of the Trustee and the Company shall survive the termination of
the Agreement.
[9. The Restricted Certificates shall be registered in the
name of _____________________________ as nominee for the
Investor.]
IN WITNESS WHEREOF, the Investor has caused this
instrument to be executed on its behalf, pursuant to authority of
its Board of Directors, by its [title of officer] _____________
this _____ day of __________, 19__.
_________________________________
[name of Investor]
By:______________________________
Name:
Title:
The undersigned hereby
acknowledges that it is holding
and will hold the Restricted
Certificates at the exclusive
direction of and as nominee
of the Investor named above.
_____________________________
[name of nominee]
By:__________________________
Name:
Title:
3
EXHIBIT J
FORM OF DISTRIBUTION DATE STATEMENT
________________, ______
(month) (year)
GE CAPITAL MORTGAGE SERVICES, INC.
REMIC Multi-Class Pass-Through Certificates,
Series 1997-2
Pursuant to the Pooling and Servicing Agreement dated
as of February 1, 1997 (the "Agreement") between GE Capital
Mortgage Services, Inc. (the "Company"), and State Street Bank
and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the
Determination Date for this month:
The amounts below are for a Single Certificate of
$1,000:
(1) Amount of distribution
allocable to principal:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A5 $__________
Class 1-A6 $__________
Class 1-A7 $__________
Class 1-A8 $__________
Class 1-A9 $__________
Class 1-A10 $__________
Class 1-A11 $__________
Class 1-A12 $__________
Class 1-A13 $__________
Class 1-A14 $__________
Class 1-A15 $__________
Class 1-A16 $__________
Class 1-A17 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
Class R $__________
Class RL $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-PO $__________
Class 2-M $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
(2) Aggregate principal prepayments
included in distribution:
Class 1-A1 $__________
Class 1-A2 $__________
Class 1-A3 $__________
Class 1-A5 $__________
Class 1-A6 $__________
Class 1-A7 $__________
Class 1-A8 $__________
Class 1-A9 $__________
Class 1-A10 $__________
Class 1-A11 $__________
Class 1-A12 $__________
Class 1-A13 $__________
Class 1-A14 $__________
Class 1-A15 $__________
Class 1-A16 $__________
Class 1-A17 $__________
Class 1-PO $__________
Class 1-M $__________
Class 1-B1 $__________
Class 1-B2 $__________
Class 1-B3 $__________
Class 1-B4 $__________
Class 1-B5 $__________
Class R $__________
Class RL $__________
Class 2-A1 $__________
Class 2-A2 $__________
Class 2-A3 $__________
2
Class 2-A5 $__________
Class 2-A6 $__________
Class 2-A7 $__________
Class 2-PO $__________
Class 2-B1 $__________
Class 2-B2 $__________
Class 2-B3 $__________
Class 2-B4 $__________
Class 2-B5 $__________
3
(3) Amount of distribution
allocable to interest;
Pay-out Rate:
Class 1-A1 $__________ ____%
Class 1-A2 $__________ ____%
Class 1-A3 $__________ ____%
Class 1-A4 $__________ ____%
Class 1-A5 $__________ ____%
Class 1-A6 $__________ ____%
Class 1-A7 $__________ ____%
Class 1-A8 $__________ ____%
Class 1-A9 $__________ ____%
Class 1-A10 $__________ ____%
Class 1-A11 $__________ ____%
Class 1-A12 $__________ ____%
Class 1-A13 $__________ ____%
Class 1-A14 $__________ ____%
Class 1-A15 $__________ ____%
Class 1-A16 $__________ ____%
Class 1-A17 $__________ ____%
Class 1-S $__________ ____%
Class 1-M $__________ ____%
Class 1-B1 $__________ ____%
Class 1-B2 $__________ ____%
Class 1-B3 $__________ ____%
Class 1-B4 $__________ ____%
Class 1-B5 $__________ ____%
Class R $__________ ____%
Class RL $__________ ____%
Class 2-A1 $__________ ____%
Class 2-A2 $__________ ____%
Class 2-A3 $__________ ____%
Class 2-A4 $__________ ____%
Class 2-A5 $__________ ____%
Class 2-A6 $__________ ____%
Class 2-A7 $__________ ____%
Class 2-M $__________ ____%
Class 2-S $__________ ____%
Class 2-B1 $__________ ____%
Class 2-B2 $__________ ____%
Class 2-B3 $__________ ____%
Class 2-B4 $__________ ____%
Class 2-B5 $__________ ____%
(4) Servicing Compensation:
Pool 1 $__________
Pool 2 $__________
4
The amounts below are for the aggregate of all
Certificates:
(5) Pool Scheduled Principal
Balance; number of
Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(6) Class Certificate Principal
Balance (or Notional Principal
Balance) of each Class;
Certificate Principal Balance
(or Notional Principal Balance)
of Single Certificate of each
Class:
Single
Certificate
Class Balance Balance
Class 1-A1 $__________ $__________
Class 1-A2 $__________ $__________
Class 1-A3 $__________ $__________
Class 1-A4 $__________ $__________
Class 1-A5 $__________ $__________
Class 1-A6 $__________ $__________
Class 1-A7 $__________ $__________
Class 1-A8 $__________ $__________
Class 1-A9 $__________ $__________
Class 1-A10 $__________ $__________
Class 1-A11 $__________ $__________
Class 1-A12 $__________ $__________
Class 1-A13 $__________ $__________
Class 1-A14 $__________ $__________
Class 1-A15 $__________ $__________
Class 1-A16 $__________ $__________
Class 1-A17 $__________ $__________
Class 1-PO $__________ $__________
Class 1-S $__________ $__________
Class 1-M $__________ $__________
Class 1-B1 $__________ $__________
Class 1-B2 $__________ $__________
Class 1-B3 $__________ $__________
Class 1-B4 $__________ $__________
Class 1-B5 $__________ $__________
Class R $__________ $__________
Class RL $__________ $__________
Class 2-A1 $__________ $__________
5
Class 2-A2 $__________ $__________
Class 2-A3 $__________ $__________
Class 2-A4 $__________ $__________
Class 2-A5 $__________ $__________
Class 2-A6 $__________ $__________
Class 2-A7 $__________ $__________
Class 2-PO $__________ $__________
Class 2-S $__________ $__________
Class 2-M $__________ $__________
Class 2-B1 $__________ $__________
Class 2-B2 $__________ $__________
Class 2-B3 $__________ $__________
Class 2-B4 $__________ $__________
Class 2-B5 $__________ $__________
(7) Book value of real estate acquired on behalf of
Certificate-holders; number of related Mortgage
Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(8) Aggregate Scheduled Principal
Balance and number of
delinquent Mortgage Loans:
Pool 1:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
Pool 2:
30-59 days delinquent $__________ __________
60-89 days delinquent $__________ __________
90 or more days delinquent $__________ __________
In foreclosure $__________ __________
(9) Aggregate Scheduled
Principal Balance and
number of replaced
Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
6
(10) Aggregate Scheduled
Principal Balance and
number of modified
Mortgage Loans:
Pool 1 $__________ __________
Pool 2 $__________ __________
(11) Certificate Interest Rate of:
Class 1-A8 Certificates __________%
Class 1-A9 Certificates __________%
Class 1-S Certificates __________%
Class 2-S Certificates __________%
(12) Senior Percentage for such
Distribution Date:
Pool 1 __________%
Pool 2 __________%
(13) Group I Senior Percentage
for such Distribution Date:
Pool 1 __________%
Pool 2 __________%
(14) Group II Senior Percentage
for such Distribution Date:
Pool 1 __________%
Pool 2 __________%
(15) Senior Prepayment Percentage
for such Distribution Date:
Pool 1 __________%
Pool 2 __________%
(16) Group I Senior Prepayment
Percentage for such
Distribution Date:
Pool 1 __________%
Pool 2 __________%
(17) Group II Senior Prepayment
Percentage for such
Distribution Date:
Pool 1 __________%
Pool 2 __________%
(18) Junior Percentage for
such Distribution Date:
Pool 1 __________%
Pool 2 __________%
7
(19) Junior Prepayment Percentage
for such Distribution Date:
Pool 1 __________%
Pool 2 __________%
(20) Amount of distribution of Class 1-A7
Certificates allocable to interest accrued on
Components of Class 1-A7 Certificates:
Class 1-A7A $__________ __________%
Class 1-A7B $__________ __________%
Class 1-A7C $__________ __________%
Class 1-A7D $__________ __________%
(21) Amount of distribution of Class 1-A5
Certificates allocable to interest accrued on
Components of Class 1-A5 Certificates:
Class 1-A5A $__________ __________%
Class 1-A5B $__________ __________%
Capitalized terms used in this Statement shall have the same
meanings as in the Agreement.
8
EXHIBIT K
FORM OF SPECIAL SERVICING
AND COLLATERAL FUND AGREEMENT
This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the
"Agreement") is made and entered into as of ____________________,
199_, between GE Capital Mortgage Services, Inc. (the "Company")
and _____________________________ (the "Purchaser").
PRELIMINARY STATEMENT
___________________________ or an affiliate thereof is the
holder of the entire interest in REMIC Multi-Class Pass-Through
Certificates, Series 199_-__, Class __-B_ (the "Class __-B_
Certificates"). The Class __-B_ Certificates were issued pursuant
to a Pooling and Servicing Agreement (the "Pooling and Servicing
Agreement") dated as of ________ 1, 199_ between the Company (in
its capacity as servicer thereunder, the "Servicer") and State
Street Bank and Trust Company as Trustee.
____________________________ or an affiliate thereof
intends to resell all of the Class __-B_ Certificates directly to
the Purchaser on or promptly after the date hereof.
In connection with such sale, the parties hereto have
agreed that the Company, as Servicer, will engage in certain
special servicing procedures relating to foreclosures for the
benefit of the Purchaser, and that the Purchaser will deposit
funds in a collateral fund to cover any losses attributable to
such procedures as well as all advances and costs in connection
therewith, as set forth herein.
[The parties hereto have further agreed that the Purchaser
will have no rights, and the Company will have no obligations
under this Agreement until the Class Certificate Principal
Balance of the REMIC Multi-Class Pass-Through Certificates,
Series 199_-__, Class __-B5 (the "Class __-B5 Certificates") has
been reduced to zero, and any Special Servicing and Collateral
Fund Agreement in respect of such Class between the Company and
the Purchaser has been terminated.]
In consideration of the mutual agreements herein contained,
the receipt and sufficiency of which are hereby acknowledged, the
Company and the Purchaser agree that the following provisions
shall become effective and shall be binding on and enforceable by
the Company and the Purchaser upon the acquisition by the
Purchaser of the Class __-B_ Certificates.
ARTICLE I
DEFINITIONS
Section 1.01. Defined Terms. Whenever used in this
Agreement, the following words and phrases, unless the context
otherwise requires, shall have the following meanings:
Business Day: Any day other than (i) a Saturday or a Sunday
of (ii) a day on which banking institutions in New York City or
Boston, Massachusetts are required or authorized by law or
executive order to be closed.
Collateral Fund: The fund established and maintained
pursuant to Section 3.01 hereof.
Collateral Fund Permitted Investments: Either (i)
obligations of, or obligations fully guaranteed as to principal
and interest by, the United States, or any agency or
instrumentality thereof, provided such obligations are backed by
the full faith and credit of the United States, (ii) repurchase
agreements on obligations specified in clause (i) provided that
the unsecured obligations of the party agreeing to repurchase
such obligations are at the time rated by each Rating Agency in
the highest long-term rating category, (iii) federal funds,
certificates of deposit, time deposits and banker's acceptances
of any U.S. depository institution or trust company incorporated
under the laws of the United States or any state provided that
the debt obligations of such depository institution or trust
company at the date of acquisition thereof have been rated by
each Rating Agency in the highest long-term rating category, (iv)
commercial paper of any corporation incorporated under the laws
of the United States or any state thereof which on the date of
acquisition has the highest short term rating of each Rating
Agency, and (v) other obligations or securities that are
acceptable to each Rating Agency as a Collateral Fund Permitted
Investment hereunder and will not, as evidenced in writing,
result in a reduction or withdrawal in the then current rating of
the Certificates and, for each of the preceding clauses, the
maturity thereof shall be not later than the earlier to occur of
(A) 30 days from the date of the related investment and (B) the
Business Day preceding the next succeeding Distribution Date.
Commencement of Foreclosure: The first official action
required under local law in order to commence foreclosure
proceedings or to schedule a trustee's sale under a deed of
trust, including (i) in the case of a mortgage, any filing or
service of process necessary to commence an action to foreclose,
or (ii) in the case of a deed of trust, the posting, publishing,
filing or delivery of a notice of sale, but not including in
2
either case (x) any notice of default, notice of intent to
foreclose or sell or any other action prerequisite to the actions
specified in (i) or (ii) above and, upon the consent of the
Purchaser which will be deemed given unless expressly withheld
within two Business Days of notification, (y) the acceptance of a
deed-in-lieu of foreclosure (whether in connection with a sale of
the related property or otherwise) or (z) initiation and
completion of a short pay-off.
Current Appraisal: With respect to any Mortgage Loan as to
which the Purchaser has made an Election to Delay Foreclosure, an
appraisal of the related Mortgaged Property obtained by the
Purchaser as nearly contemporaneously as practicable to the time
of the Purchaser's election, prepared based on the Company's
customary requirements for such appraisals.
Election to Delay Foreclosure: Any election by the
Purchaser to delay the Commencement of Foreclosure, made in
accordance with Section 2.02(b).
Election to Foreclose: Any election by the Purchaser to
proceed with the Commencement of Foreclosure, made in accordance
with Section 2.03(a).
Mortgage Loan: Any Pool __ Mortgage Loan.
Required Collateral Fund Balance: As of any date of
determination, an amount equal to the aggregate of all amounts
previously required to be deposited in the Collateral Fund
pursuant to Section 2.02(d) (after adjustments for all
withdrawals and deposits prior to such date pursuant to Section
2.02(e)) and Section 2.03(b) (after adjustment for all
withdrawals and deposits prior to such date pursuant to Section
2.03(c)) and Section 3.02, reduced by all withdrawals therefrom
prior to such date pursuant to Section 2.02(g) and Section
2.03(d).
Section 1.02. Definitions Incorporated by Reference. All
capitalized terms not otherwise defined in this Agreement shall
have the meanings assigned in the Pooling and Servicing
Agreement.
3
ARTICLE II
SPECIAL SERVICING PROCEDURES
Section 2.01. Reports and Notices.
(a) In connection with the performance of its duties under
the Pooling and Servicing Agreement relating to the realization
upon defaulted Mortgage Loans, the Company as Servicer shall
provide to the Purchaser the following notices and reports:
(i) Within five Business Days after each Distribution
Date (or included in or with the monthly statements to
Certificateholders pursuant to the Pooling and Servicing
Agreement), the Company, as Servicer, shall provide to the
Purchaser a report, using the same methodology and
calculations in its standard servicing reports, indicating
for the Trust Fund the number of Mortgage Loans that are
(A) thirty days, (B) sixty days, (C) ninety days or more
delinquent or (D) in foreclosure, and indicating for each
such Mortgage Loan the loan number and outstanding
principal balance.
(ii) Prior to the Commencement of Foreclosure in
connection with any Mortgage Loan, the Company shall
provide the Purchaser with a notice (sent by facsimile
transmission) of such proposed and imminent foreclosure,
stating the loan number and the aggregate amount owing
under the Mortgage Loan. Such notice may be provided to the
Purchaser in the form of a copy of a referral letter from
the Company to an attorney requesting the institution of
foreclosure or a copy of a request to foreclose received by
the Company from the related primary servicer which has
been approved by the Company.
(b) If requested by the Purchaser, the Company shall make
its servicing personnel available (during their normal business
hours) to respond to reasonable inquiries, in writing by
facsimile transmission, by the Purchaser in connection with any
Mortgage Loan identified in a report under subsection (a)(i) or
(a)(ii) which has been given to the Purchaser, provided, that (1)
the Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential and (2) the Company shall respond within five
Business Days orally or in writing by facsimile transmission.
(c) In addition to the foregoing, the Company shall provide
to the Purchaser such information as the Purchaser may reasonably
request concerning each Mortgage Loan that is at least sixty days
delinquent and each Mortgage Loan which has become real estate
4
owned, through the final liquidation thereof, provided, that the
Company shall only be required to provide information that is
readily accessible to its servicing personnel and is
non-confidential.
Section 2.02. Purchaser's Election to Delay Foreclosure
Proceedings.
(a) The Purchaser shall be deemed to direct the Company
that in the event that the Company does not receive written
notice of the Purchaser's election pursuant to subsection (b)
below within 24 hours (exclusive of any intervening non-Business
Days) of transmission of the notice provided by the Company under
Section 2.01(a)(ii) subject to extension as set forth in Section
2.02(b), the Company may proceed with the Commencement of
Foreclosure in respect of such Mortgage Loan in accordance with
its normal foreclosure policies without further notice to the
Purchaser. Any foreclosure that has been initiated may be
discontinued (i) without notice to the Purchaser if the Mortgage
Loan has been brought current or if a refinancing or prepayment
occurs with respect to the Mortgage Loan (including by means of a
short payoff approved by the Company) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement with the borrower. In such latter case the Company may
complete such forbearance agreement unless instructed otherwise
by the Purchaser within two Business Days of notification.
(b) In connection with any Mortgage Loan with respect to
which a notice under Section 2.01(a)(ii) has been given to the
Purchaser, the Purchaser may elect to instruct the Company to
delay the Commencement of Foreclosure until such time as the
Purchaser determines that the Company may proceed with the
Commencement of Foreclosure. Such election must be evidenced by
written notice received within 24 hours (exclusive of any
intervening non-Business Days) of transmission of the notice
provided by the Company under Section 2.01(a)(ii). The Purchaser
shall send a copy of such notice of election to each Rating
Agency as soon as practicable thereafter. Such 24-hour period
shall be extended for no longer than an additional four Business
Days after the receipt of the information if the Purchaser
requests additional information related to such foreclosure
within such 24-hour period; provided, however, that the Purchaser
will have at least one Business Day to make such election
following its receipt of any requested additional information.
Any such additional information shall (i) not be confidential in
nature and (ii) be obtainable by the Company from existing
reports, certificates or statements or otherwise be readily
accessible to its servicing personnel. The Purchaser agrees that
it has no right to deal with the mortgagor. However, if the
Company's normal foreclosure policies include acceptance of a
5
deed-in-lieu of foreclosure or short payoff, the Purchaser will
be notified and given two Business Days to respond.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the
Purchaser shall obtain a Current Appraisal as soon as
practicable, and shall provide the Company with a copy of such
Current Appraisal.
(d) Within two Business Days of making any Election to
Delay Foreclosure, the Purchaser shall remit by wire transfer to
the Trustee, for deposit in the Collateral Fund, an amount, as
calculated by the Company, equal to the sum of (i) 125% of the
greater of the Scheduled Principal Balance of the Mortgage Loan
and the value shown in the Current Appraisal referred to in
subsection (c) above (or, if such Current Appraisal has not yet
been obtained, the Company's estimate thereof, in which case the
required deposit under this subsection shall be adjusted upon
obtaining such Current Appraisal), and (ii) three months'
interest on the Mortgage Loan at the applicable Mortgage Rate. If
any Election to Delay Foreclosure extends for a period in excess
of three months (such excess period being referred to herein as
the "Excess Period"), the Purchaser shall remit by wire transfer
in advance to the Trustee for deposit in the Collateral Fund the
amount of each additional month's interest, as calculated by the
Company, equal to interest on the Mortgage Loan as the applicable
Mortgage Rate for the Excess Period. The terms of this Agreement
will no longer apply to the servicing of any Mortgage Loan upon
the failure of the Purchaser to deposit the above amounts
relating to the Mortgage Loan within two Business Days of (i) the
Election to Delay Foreclosure or (ii) the beginning of the
related Excess Period, as the case may be.
(e) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
or the Trustee may withdraw from the Collateral Fund from time to
time amounts necessary to reimburse the Company for all related
Monthly Advances and Liquidation Expenses thereafter made by the
Company as Servicer in accordance with the Pooling and Servicing
Agreement. To the extent that the amount of any such Liquidation
Expense is determined by the Company based on estimated costs,
and the actual costs are subsequently determined to be higher,
the Company or the Trustee may withdraw the additional amount
from the Collateral Fund to reimburse the Company. In the event
that the Mortgage Loan is brought current by the mortgagor, the
amounts so withdrawn from the Collateral Fund shall be
redeposited therein as and to the extent that reimbursement
therefor from amounts paid by the mortgagor is not prohibited
pursuant to the Pooling and Servicing Agreement as of the date
hereof. Except as provided in the preceding sentence, amounts
6
withdrawn from the Collateral Fund to cover Monthly Advances and
Liquidation Expenses shall not be redeposited therein or
otherwise reimbursed to the Purchaser. If and when any such
Mortgage Loan is brought current by the mortgagor, all amounts
remaining in the Collateral Fund in respect of such Mortgage Loan
(after adjustment for all previous withdrawals and deposits
pursuant to this subsection and after reimbursement to the
Servicer for all related Monthly Advances) shall be released to
the Purchaser.
(f) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Delay Foreclosure, the Company
shall continue to service the Mortgage Loan in accordance with
its customary procedures (other than the delay in Commencement of
Foreclosure as provided herein). If and when, following such
election, the Purchaser shall notify the Company that it believes
that it is appropriate to do so, the Company shall proceed with
the Commencement of Foreclosure; provided that, in any event, if
the Mortgage Loan is not brought current by the mortgagor by the
time the loan becomes 6 months delinquent, the Purchaser's
election shall no longer be effective, unless the Purchaser shall
have purchased the related Mortgage Loan promptly following (and
in any event not later than the third Business Day after) the end
of such 6-month period in the manner provided in the following
two sentences, and the Company shall be entitled to proceed with
the Commencement of Foreclosure. Any purchase of such Mortgage
Loan by the Purchaser pursuant to the preceding sentence shall be
at a purchase price equal to the unpaid principal balance of the
Mortgage Loan plus accrued interest at the Mortgage Rate from the
date last paid by the mortgagor. Such purchase price shall be
deposited by the Purchaser into the Collateral Fund in
immediately available funds on the Business Day which is the date
of purchase and the Purchaser shall instruct the Trustee (with
notice to the Company) to withdraw such amount therefrom on such
Business Day and remit the same to the Trust Fund for application
as Liquidation Proceeds pursuant to the Pooling and Servicing
Agreement. Following such withdrawal, all amounts remaining in
the Collateral Fund in respect of such Mortgage Loan (after
adjustment for all previous withdrawals and deposits pursuant to
this Agreement and after reimbursement to the Servicer for all
related Monthly Advances) shall be released to the Purchaser.
(g) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Delay Foreclosure and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (f)
above, the Company shall calculate the amount, if any, by which
the value shown on the Current Appraisal obtained under
subsection (c) exceeds the actual sales price obtained for the
related Mortgaged Property (net of Liquidation Expenses and
7
unreimbursed Monthly Advances related to the extended foreclosure
period), and the Company or the Trustee shall withdraw the amount
of such excess from the Collateral Fund and shall remit the same
to the Trust Fund for application as additional Liquidation
Proceeds pursuant to the Pooling and Servicing Agreement. After
making such withdrawal, all amounts remaining in the Collateral
Fund in respect of such Mortgage Loan (after adjustment for all
withdrawals and deposits pursuant to subsection (e) and after
reimbursement to the Servicer for all related Monthly Advances)
shall be released to the Purchaser.
Section 2.03. Purchaser's Election to Commence Foreclosure
Proceedings.
(a) In connection with any Mortgage Loan identified in a
report under Section 2.01(a)(i)(B), the Purchaser may elect to
instruct the Company to proceed with the Commencement of
Foreclosure as soon as practicable. Such election must be
evidenced by written notice received by the Company by 5:00 p.m.,
New York City time, on the third Business Day following the
delivery of such report under Section 2.01(a)(i).
(b) Within two Business Days of making any Election to
Foreclose, the Purchaser shall remit to the Trustee, for deposit
in the Collateral Fund, an amount, as calculated by the Company,
equal to 125% of the current Scheduled Principal Balance of the
Mortgage Loan and three months' interest on the Mortgage Loan at
the applicable Mortgage Rate. If and when any such Mortgage Loan
is brought current by the mortgagor, all amounts in the
Collateral Fund in respect of such Mortgage Loan (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) below) shall be released to the Purchaser. The
terms of this Agreement will no longer apply to the servicing of
any Mortgage Loan upon the failure of the Purchaser to deposit
the above amounts relating to the Mortgage Loan within two
Business Days of the Election to Foreclose.
(c) With respect to any Mortgage Loan as to which the
Purchaser has made an Election to Foreclose, the Company shall
continue to service the Mortgage Loan in accordance with its
customary procedures. In connection therewith, the Company shall
have the same rights to make withdrawals for Monthly Advances and
Liquidation Expenses from the Collateral Fund as are provided
under Section 2.02(e), and the Company shall make reimbursements
thereto to the limited extent provided under such subsection. The
Company shall not be required to proceed with the Commencement of
Foreclosure if (i) the same is stayed as a result of the
mortgagor's bankruptcy or is otherwise barred by applicable
law, or to the extent that all legal conditions precedent
thereto have not yet been complied with, or (ii) the
8
Company believes there is a breach of representations or
warranties by the Company, which may result in a repurchase or
substitution of such Mortgage Loan, or (iii) the Company has or
expects to have the right under the Pooling and Servicing
Agreement to purchase the defaulted Mortgage Loan and intends to
exercise such right or (iv) the Company reasonably believes the
Mortgaged Property may be contaminated with or affected by
hazardous wastes or hazardous substances (and the Company
supplies the Purchaser with information supporting such belief)
or (v) the same is prohibited by or is otherwise inconsistent
with the provisions of the Pooling and Servicing Agreement. Any
foreclosure that has been initiated may be discontinued (i)
without notice to the Purchaser if the Mortgage Loan has been
brought current or if a refinancing or prepayment occurs with
respect to the Mortgage Loan (including by means of a short
payoff approved by the Purchaser) or (ii) with notice to the
Purchaser if the Company has reached the terms of a forbearance
agreement unless instructed otherwise by the Purchaser within two
Business Days of notification.
(d) Upon the occurrence of a liquidation with respect to
any Mortgage Loan as to which the Purchaser made an Election to
Foreclose and as to which the Company proceeded with the
Commencement of Foreclosure in accordance with subsection (c)
above, the Company shall calculate the amount, if any, by which
the Scheduled Principal Balance of the Mortgage Loan at the time
of liquidation (plus all unreimbursed Monthly Advances and
Liquidation Expenses in connection therewith other than those
previously paid from the Collateral Fund) exceeds the actual
sales price obtained for the related Mortgaged Property, and the
Company or the Trustee shall withdraw the amount of such excess
from the Collateral Fund and shall remit the same to the Trust
Fund for application as additional Liquidation Proceeds pursuant
to the Pooling and Servicing Agreement. After making such
withdrawal, all amounts remaining in the Collateral Fund (after
adjustment for all withdrawals and deposits pursuant to
subsection (c) above and after reimbursement to the Servicer for
all related Monthly Advances) in respect of such Mortgage Loan
shall be released to the Purchaser.
Section 2.04. Termination.
(a) With respect to all Mortgage Loans included in the
Trust Fund, the Purchaser's right to make any Election to Delay
Foreclosure or any Election to Foreclose and the Company's
obligations under Section 2.01 shall terminate on the earliest to
occur of the following: (i) at such time as the Class Certificate
Principal Balance of the Class __-B_ Certificates has been
reduced to zero, (ii) if the greater of (x) 43% (or such lower or
higher percentage that represents the Company's actual
9
loss experience with respect to the Mortgage Loans in the related
Mortgage Pool) of the aggregate principal balance of all Mortgage
Loans that are in foreclosure or are more than 90 days delinquent
on a contractual basis and the aggregate book value of REO
properties or (y) the aggregate amount that the Company estimates
through its normal servicing practices will be required to be
withdrawn from the Collateral Fund with respect to Mortgage Loans
as to which the Purchaser has made an Election to Delay
Foreclosure or an Election to Foreclose exceeds (z) the
then-current Class Certificate Principal Balance of the Class
__-B_ Certificates, or (iii) upon any transfer by the Purchaser
of any interest (other than the minority interest therein, but
only if the transferee provides written acknowledgment to the
Company of the Purchaser's right hereunder and that such
transferee will have no rights hereunder) in the Class __-B_
Certificates [or in the Class __-B5 Certificates] (whether or not
such transfer is registered under the Pooling and Servicing
Agreement), including any such transfer in connection with a
termination of the Trust Fund. Unless earlier terminated as set
forth herein, this Agreement and the respective rights,
obligations and responsibilities of the Purchaser and the Company
hereunder shall terminate immediately upon (x) the later to occur
of (i) the final liquidation of the last Mortgage Loan as to
which the Purchaser made any Election to Delay Foreclosure or any
Election to Foreclose and the withdrawal of all remaining amounts
in the Collateral Fund as provided herein and (ii) ten (10)
Business Days' notice or (y) the occurrence of any event that
results in the Purchaser becoming an "affiliate" of the Trustee
within the meaning of the Prohibited Transaction Exemption (as
defined in the Pooling and Servicing Agreement).
(b) The Purchaser's rights pursuant to Section 2.02 or 2.03
of this Agreement shall terminate with respect to a Mortgage Loan
as to which the Purchaser has exercised its rights under Section
2.02 or 2.03 hereof, upon Purchaser's failure to deposit any
amounts required pursuant to Section 2.02(d) or 2.03(b) after one
Business Day's notice of such failure.
Section 2.05. Notification. The Purchaser shall promptly
notify the Trustee and the Company if such Purchaser becomes
aware of any discussions, plans or events that might lead to such
Person's becoming an "affiliate" (within the meaning of the
Prohibited Transaction Exemption) of the Trustee, provided that
the contents of any such notification shall be kept confidential
by the parties to this Agreement.
10
ARTICLE III
COLLATERAL FUND; SECURITY INTEREST
Section 3.01. Collateral Fund. Upon payment by the
Purchaser of the initial amount required to be deposited in the
Collateral Fund pursuant to Article II, the Company shall request
the Trustee to establish and maintain with the Trustee a
segregated account entitled "REMIC Multi-Class Pass-Through
Certificates 199_-__ Pool __ Collateral Fund, for the benefit of
GE Capital Mortgage Services, Inc. and State Street Bank and
Trust Company on behalf of Pool __ Certificateholders, as secured
parties" (the "Collateral Fund"). Amounts held in the Collateral
Fund shall continue to be the property of the Purchaser, subject
to the first priority security interest granted hereunder for the
benefit of such secured parties, until withdrawn from the
Collateral Fund pursuant to the Section 2.02 or 2.03 hereof.
Upon the termination of this Agreement and the liquidation
of all Mortgage Loans as to which the Purchaser has made any
Election to Delay Foreclosure or any Election to Foreclose
pursuant to Section 2.04 hereof, the Company shall distribute to
the Purchaser all amounts remaining in the Collateral Fund
together with any investment earnings thereon (after giving
effect to all withdrawals therefrom permitted under this
Agreement).
The Purchaser shall not take or direct the Company or the
Trustee to take any action contrary to any provision of the
Pooling and Servicing Agreement. In no event shall the Purchaser
(i) take or cause the Trustee or the Company to take any action
that could cause any REMIC established under the Pooling and
Servicing Agreement to fail to qualify as a REMIC or cause the
imposition on any such REMIC of any "prohibited transaction" or
"prohibited contribution" taxes or (ii) cause the Trustee or the
Company to fail to take any action necessary to maintain the
status of any such REMIC as a REMIC.
Section 3.02. Collateral Fund Permitted Investments. The
Company shall, at the written direction of the Purchaser, direct
the Trustee to invest the funds in the Collateral Fund in the
name of the Trustee in Collateral Fund Permitted Investments.
Such direction shall not be changed more frequently then
quarterly. In the absence of any direction, the Company shall
direct the Trustee select such investments in accordance with the
definition of Collateral Fund Permitted Investments in its
discretion.
All income and gain realized from any investment as well as
any interest earned on deposits in the Collateral Fund (net of
11
any losses on such investments) and any payments of principal
made in respect of any Collateral Fund Permitted Investment shall
be deposited in the Collateral Fund upon receipt. All costs and
realized losses associated with the purchase and sale of
Collateral Fund Permitted Investments shall be borne by the
Purchaser and the amount of net realized losses shall be promptly
deposited by the Purchaser in the Collateral Fund. The Company
shall periodically (but not more frequently than monthly) direct
the Trustee to distribute to the Purchaser upon request an amount
of cash, to the extent cash is available therefor in the
Collateral Fund, equal to the amount by which the balance of the
Collateral Fund, after giving effect to all other distributions
to be made from the Collateral Fund on such date, exceeds the
Required Collateral Fund Balance. Any amounts so distributed
shall be released from the lien and security interest of this
Agreement.
Section 3.03. Grant of Security Interest. In order to
secure the obligations of the Purchaser hereunder to the Company
and the Trustee for the benefit of Certificateholders (other than
its obligations under Section 4.10), the Purchaser hereby grants
to the Company and to the Trustee for the benefit of the Pool __
Certificateholders a security interest in and lien on all of the
Purchaser's right, title and interest, whether now owned or
hereafter acquired, in and to: (1) the Collateral Fund, (2) all
amounts deposited in the Collateral Fund and Collateral Fund
Permitted Investments in which such amounts are invested (and the
distributions and proceeds of such investments) and (3) all cash
and non-cash proceeds of any of the foregoing, including proceeds
of the voluntary or involuntary conversion thereof (all of the
foregoing collectively, the "Collateral").
The Purchaser acknowledges the lien on and security
interest in the Collateral for the benefit of the Company and the
Trustee on behalf of the Pool __ Certificateholders. The
Purchaser shall take all actions requested by the Company or the
Trustee as may be reasonably necessary to perfect the security
interest created under this Agreement in the Collateral and cause
it to be prior to all other security interests and liens,
including the execution and delivery to the Company or at its
direction the Trustee for filing of appropriate financing
statements in accordance with applicable law.
Section 3.04. Collateral Shortfalls. In the event that
amounts on deposit in the Collateral Fund at any time are
insufficient to cover any withdrawals therefrom that the Company
or the Trustee is then entitled to make hereunder, the Purchaser
shall be obligated to pay such amounts to the Company or the
Trustee immediately upon demand. Such obligation shall
constitute a general corporate obligation of the Purchaser. The
12
failure to pay such amounts within two Business Days of such
demand (except for amounts to cover interest on a Mortgage Loan
pursuant to Sections 2.02(d) and 2.03(b)), shall cause an
immediate termination of the Purchaser's right to make any
Election to Delay Foreclosure or Election to Foreclose and the
Company's obligations under this Agreement with respect to all
Mortgage Loans to which such insufficiencies relate, without the
necessity of any further notice or demand on the part of the
Company.
ARTICLE IV
MISCELLANEOUS PROVISIONS
Section 4.01. Amendment. This Agreement may be amended from
time to time by the Company and the Purchaser by written
agreement signed by the Company and the Purchaser provided that
no such amendment shall have a material adverse effect on the
holders of other Classes of Certificates.
Section 4.02. Counterparts. This Agreement may be executed
simultaneously in any number of counterparts, each of which
counterparts shall be deemed to be an original, and such
counterparts shall constitute but one and the same instrument.
Section 4.03. Governing Law. This Agreement shall be
construed in accordance with the laws of the State of New York
and the obligations, rights and remedies of the parties hereunder
shall be determined in accordance with such laws.
Section 4.04. Notices. All demands, notices and direction
hereunder shall be in writing or by telecopy and shall be deemed
effective upon receipt to:
(a) in the case of the Company, with respect to notices
pursuant to Sections 2.02 and 2.03 hereto,
GE Capital Mortgage Services, Inc.
0000 Xxxx Xxxx Xxxxx
Xxxxx 0000
Xxxxxxx, Xxxxx 00000
Attention: Xxxx Xxxxxxxxxxx
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
13
with respect to all other notices pursuant to this Agreement,
GE Capital Mortgage Services, Inc.
Three Executive Campus
Cherry Hill, New Jersey 08002
Attention: General Counsel
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
or such other address as may hereafter be furnished in writing by
the Company, or
(b) in the case of the Purchaser, with respect to notices
pursuant to Section 2.01,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
with respect to all other notices pursuant to this
Agreement,
________________________________
________________________________
________________________________
Attention:______________________
Telephone:______________________
Facsimile:______________________
or such other address as may hereafter be furnished in writing by
the Purchaser, or
(c) in the case of the Trustee,
State Street Bank and Trust Company
Corporate Trust Department
Two International Place, Fifth Floor
Boston, Massachusetts 02110
Attention: Xxxxx Xxxxx
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
Section 4.05. Severability of Provisions. If any one or
more of the covenants, agreements, provisions or terms of this
Agreement shall be for any reason whatsoever, including
regulatory, held invalid, then such covenants, agreements,
provisions or terms shall be deemed severable from the remaining
14
covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the
other provisions of this Agreement.
Section 4.06. Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the
parties hereto and the respective successors and assigns of the
parties hereto; provided, however, that the rights under this
Agreement cannot be assigned by the Purchaser without the consent
of the Company.
Section 4.07. Article and Section Headings. The article
and section headings herein are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.
Section 4.08. Third Party Beneficiaries. The Trustee on
behalf of Certificateholders is the intended third party
beneficiary of this Agreement.
Section 4.09. Confidentiality. The Purchaser agrees that
all information supplied by or on behalf of the Company pursuant
to Section 2.01 or 2.02, including individual account
information, is the property of the Company and the Purchaser
agrees to use such information solely for the purposes set forth
in this Agreement and to hold such information confidential and
not to disclose such information.
Section 4.10. Indemnification. The Purchaser agrees to
indemnify and hold harmless the Company against any and all
losses, claims, damages or liabilities to which it may be
subject, insofar as such losses, claims, damages or liabilities
(or actions in respect thereof) arise out of or are based upon
actions taken by the Company in accordance with the provisions of
this Agreement and which actions conflict or are alleged to
conflict with the Company's obligations under the Pooling and
Servicing Agreement. The Purchaser hereby agrees to reimburse the
Company on demand for the reasonable legal or other expenses
incurred by it in connection with investigating or defending any
such loss, claim, damage, liability or action.
[Section 4.11. Delayed Effectiveness. The Purchaser agrees
that, notwithstanding any other provision of this Agreement, the
Purchaser shall have no rights hereunder, and the Company shall
have no obligations hereunder, until the Class Certificate
Principal Balance of the Class __-B5 Certificates has been
reduced to zero and any Special Servicing and Collateral Fund
Agreement between the Company and the Purchaser relating to such
Class B5 Certificates has been terminated.]
15
IN WITNESS WHEREOF, the Company and the Purchaser have
caused their names to be signed hereto by their respective
officers thereunto duly authorized, all as of the day and year
first above written.
GE CAPITAL MORTGAGE SERVICES, INC.
By:______________________________
Name:
Title:
[PURCHASER]
By:______________________________
Name:
Title:
Acknowledged and agreed to:
STATE STREET BANK AND TRUST COMPANY
By:_____________________________
Name:
Title:
16
EXHIBIT L
FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT
State of New Jersey )
) ss.
County of Camden )
GE Capital Mortgage Services, Inc. (the "Company") by
its undersigned authorized representative, being duly sworn,
hereby certifies as follows:
1. Pursuant to a Pooling and Servicing Agreement dated
as of ________ 1, 199_ (the "Agreement"), between the Company, as
seller, and State Street Bank and Trust Company, as trustee
(together with its successors, the "Trustee"), relating to the
Company's REMIC Multi-Class Pass-Through Certificates, Series
199_-__, the Company has assigned all of its right, title and
interest in the mortgage loan(s) described below (the "Designated
Loan(s)") to the Trustee.
(a) Loan Number: ______________________
Maker:_____________________________
Original Principal
Amount:____________________________
Maturity Date:_____________________
[(b) Loan Number:_______________________
Maker:_____________________________
Original Principal
Amount:____________________________
Maturity Date:_____________________
2. The Company has provided to the Trustee certain
representations and warranties in Section 2.03 of the Agreement
as to the ownership, assignment and enforceability of the
Designated Loan(s) and the related promissory notes or other
instruments evidencing the Designated Loan(s).
3. [The Designated Loan] [Each of the Designated
Loans] is evidenced by a promissory note, executed by its
[respective] maker as indicated above (the "Mortgage Notes(s)").
4. The Company is the current holder of the
indebtedness evidenced by the Mortgage Note(s), the indebtedness
evidenced by the Mortgage Note(s) has not been pledged or
otherwise hypothecated, and the Company has not granted to any
person (other than the Trustee pursuant to the Agreement) any
interest in the indebtedness evidenced by the Mortgage Note(s).
5. After diligent search, the Company has been unable
to locate the Mortgage Note(s) and believes [it] [them] to be
lost. [A true and correct photocopy] [[True and correct
photocopies] of the Mortgage Note(s) [is] [are] attached hereto
as Exhibit A.]
6. If at any time the Company locates [any of] the
Mortgage Note(s), it shall endorse such Mortgage Note(s) for
transfer to the Trustee, without recourse, and shall promptly
deliver the Mortgage Note(s), as endorsed, to the Trustee.
7. In the event that the unavailability of any
Mortgage Note to the Trustee results in a breach of any
representations or warranties of the Company set forth in the
Agreement, the Trustee shall have the rights and remedies (if
any) set forth in the Agreement, subject to the provisions
thereof. In addition, the Company covenants and agrees to
indemnify the Trustee and the Trust Fund from and hold them
harmless against any and all losses, liabilities, damages, claims
or expenses (other than those resulting from negligence or bad
faith of the Trustee) arising from the Company's failure to have
delivered any Mortgage Note to the Trustee, including without
limitation any thereof arising from any action to enforce the
indebtedness evidenced by such Mortgage Note or any claim by any
third party who is the holder of such indebtedness by virtue of
possession of such Mortgage Note.
2
This affidavit is given in connection with the
Company's execution of the Agreement. The Trustee's rights and
remedies set forth herein and in the Agreement shall constitute
the sole and exclusive remedies of the Trustee or its successors
and assigns arising out of or relating to the absence or loss of
the Mortgage Note(s) or the Company's failure to deliver the
same.
GE CAPITAL MORTGAGE SERVICES, INC.
By:________________________________
Name:
Title:
Sworn to before me this
____ day of ________, 199_
______________________________
Notary Public
3
