MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. Depositor WELLS FARGO BANK, N.A. Master Servicer and Trust Administrator and Trustee POOLING AND SERVICING AGREEMENT Dated as of September 1, 2005 MASTR Asset Backed Securities Trust 2005-HE2 Mortgage...

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

Depositor

 

XXXXX FARGO BANK, N.A.

Master Servicer and Trust Administrator

 

and

 

U.S. BANK NATIONAL ASSOCIATION

 

Trustee

 

POOLING AND SERVICING AGREEMENT

Dated as of September 1, 2005

 

MASTR Asset Backed Securities Trust 2005-HE2

Mortgage Pass-Through Certificates

Series 2005-HE2

 


 

TABLE OF CONTENT

ARTICLE I DEFINITIONS

 

SECTION 1.01.

Defined Terms.

 

SECTION 1.02.

Allocation of Certain Interest Shortfalls.

 

SECTION 1.03.

Rights of the NIMS Insurer.

ARTICLE II

CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES

 

SECTION 2.01.

Conveyance of the Mortgage Loans.

 

SECTION 2.02.

Acceptance of REMIC I by Trustee.

 

SECTION 2.03.

Repurchase or Substitution of Mortgage Loans by the Originator or the Seller.

 

SECTION 2.04.

Reserved.

 

SECTION 2.05.

Representations, Warranties and Covenants of the Master Servicer.

 

SECTION 2.06.

Conveyance of REMIC Regular Interests and Acceptance of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI by the Trustee; Issuance of Certificates.

 

SECTION 2.07.

Issuance of Class R Certificates and Class R-X Certificates.

ARTICLE III ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS

 

SECTION 3.01.

Master Servicer to Act as Master Servicer

 

SECTION 3.02.

[Reserved].

 

SECTION 3.03.

Monitoring of Servicer.

 

SECTION 3.04.

Fidelity Bond

 

SECTION 3.05.

Power to Act; Procedures.

 

SECTION 3.06.

Due on Sale Clauses; Assumption Agreements.

 

SECTION 3.07.

Release of Mortgage Files.

 

SECTION 3.08.

Documents, Records and Funds in Possession of Master Servicer to be Held for Trustee.

 

SECTION 3.09.

Standard Hazard Insurance and Flood Insurance Policies.

 

SECTION 3.10.

Presentment of Claims and Collection of Proceeds.

 

SECTION 3.11.

[Reserved].

 

SECTION 3.12.

Trustee, Trust Administrator and the Custodian to Retain Possession of Certain Insurance Policies and Documents

 

SECTION 3.13.

Realization Upon Defaulted Mortgage Loans.

 

SECTION 3.14.

Compensation for the Master Servicer.

 

SECTION 3.15.

REO Property.

 

SECTION 3.16.

Annual Officer’s Certificate as to Compliance.

 

SECTION 3.17.

Annual Independent Accountant’s Servicing Report

 

SECTION 3.18.

Obligations of the Master Servicer in Respect of Prepayment Interest Shortfalls.

 

SECTION 3.19.

Custodial Account.

 

SECTION 3.20.

Distribution Account.

 

SECTION 3.21.

Permitted Withdrawals and Transfers from the Distribution Account.

 

SECTION 3.22.

[Reserved].

 

SECTION 3.23.

[Reserved].

 

SECTION 3.24.

Prohibited Activities With Respect to REO Properties.

ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS

 

SECTION 4.01.

Distributions.

 

SECTION 4.02.

Statements to Certificateholders.

 

SECTION 4.03.

Advances.

 


 

 

SECTION 4.04.

Allocation of Realized Losses.

 

SECTION 4.05.

Compliance with Withholding Requirements.

 

SECTION 4.06.

Exchange Commission; Additional Information.

 

SECTION 4.07.

Net WAC Rate Carryover Reserve Account.

 

SECTION 4.08.

Swap Account.

 

SECTION 4.09.

Tax Treatment of Swap Payments and Swap Termination Payments.

ARTICLE V THE CERTIFICATES

 

SECTION 5.01.

The Certificates.

 

SECTION 5.02.

Registration of Transfer and Exchange of Certificates.

 

SECTION 5.03.

Mutilated, Destroyed, Lost or Stolen Certificates.

 

SECTION 5.04.

Persons Deemed Owners.

 

SECTION 5.05.

Certain Available Information.

ARTICLE VI THE DEPOSITOR AND THE MASTER SERVICER

 

SECTION 6.01.

Liability of the Depositor and the Master Servicer.

 

SECTION 6.02.

Merger or Consolidation of the Depositor or the Master Servicer.

 

SECTION 6.03.

Limitation on Liability of the Depositor, the Master Servicer and Others.

 

SECTION 6.04.

Indemnification from the Master Servicer.

 

SECTION 6.05.

Limitation on Resignation of the Master Servicer; Assignment of Master Servicing.

 

SECTION 6.06.

Successor Master Servicer.

 

SECTION 6.07.

Rights of the Depositor in Respect of the Master Servicer.

 

SECTION 6.08.

Duties of the Credit Risk Manager.

 

SECTION 6.09.

Limitation Upon Liability of the Credit Risk Manager.

 

SECTION 6.10.

Removal of the Credit Risk Manager.

ARTICLE VII DEFAULT

 

SECTION 7.01.

Master Servicer Events of Termination.

 

SECTION 7.02.

Trustee to Act; Appointment of Successor.

 

SECTION 7.03.

Notification to Certificateholders.

 

SECTION 7.04.

Waiver of Master Servicer Events of Termination.

 

SECTION 7.05.

Survivability of Master Servicer Liabilities.

ARTICLE VIII CONCERNING THE TRUSTEE AND THE TRUST ADMINISTRATOR

 

SECTION 8.01.

Duties of Trustee and Trust Administrator.

 

SECTION 8.02.

Certain Matters Affecting the Trustee and the Trust Administrator

 

SECTION 8.03.

Neither Trustee nor Trust Administrator Liable for Certificates or Mortgage Loans.

 

SECTION 8.04.

Trustee and Trust Administrator May Own Certificates.

 

SECTION 8.05.

Trust Administrator’s and Trustee’s Fees and Expenses.

 

SECTION 8.06.

Eligibility Requirements for Trustee and Trust Administrator.

 

SECTION 8.07.

Resignation and Removal of the Trustee or Trust Administrator.

 

SECTION 8.08.

Successor Trustee or Trust Administrator.

 

SECTION 8.09.

Merger or Consolidation of Trustee or Trust Administrator.

 

SECTION 8.10.

Appointment of Co-Trustee or Separate Trustee.

 

SECTION 8.11.

Appointment of Office or Agency; Appointment of Custodian.

 

SECTION 8.12.

Representations and Warranties.

ARTICLE IX TERMINATION

 

SECTION 9.01.

Termination Upon Repurchase or Liquidation of All Mortgage Loans.

 

SECTION 9.02.

Additional Termination Requirements.

 


 

ARTICLE X REMIC PROVISIONS

 

SECTION 10.01.

REMIC Administration.

 

SECTION 10.02.

Prohibited Transactions and Activities.

 

SECTION 10.03.

Master Servicer and Trustee Indemnification.

ARTICLE XI MISCELLANEOUS PROVISIONS

 

SECTION 11.01.

Amendment.

 

SECTION 11.02.

Recordation of Agreement; Counterparts.

 

SECTION 11.03.

Limitation on Rights of Certificateholders.

 

SECTION 11.04.

Governing Law.

 

SECTION 11.05.

Notices.

 

SECTION 11.06.

Severability of Provisions.

 

SECTION 11.07.

Notice to Rating Agencies and the NIMS Insurer.

 

SECTION 11.08.

Article and Section References.

 

SECTION 11.09.

Grant of Security Interest.

 

SECTION 11.10.

Duties of Trust Fund as Owner of Mortgage Loans under Servicing Agreement.

 

SECTION 11.11.

Third Party Rights.

 

 


 

Exhibits

Exhibit A-1

Form of Class A-1 Certificate

Exhibit A-2

Form of Class A-2 Certificate

Exhibit A-3

Form of Class A-3 Certificate

Exhibit A-4

Form of Class A-4 Certificate

Exhibit A-5

Form of Class M-1 Certificate

Exhibit A-6

Form of Class M-2 Certificate

Exhibit A-7

Form of Class M-3 Certificate

Exhibit A-8

Form of Class M-4 Certificate

Exhibit A-9

Form of Class M-5 Certificate

Exhibit A-10

Form of Class M-6 Certificate

Exhibit A-11

Form of Class M-7 Certificate

Exhibit A-12

Form of Class M-8 Certificate

Exhibit A-13

Form of Class M-9 Certificate

Exhibit A-14

Form of Class M-10 Certificate

Exhibit A-15

Form of Class M-11 Certificate

Exhibit A-16

Form of Class CE Certificate

Exhibit A-17

Form of Class P Certificate

Exhibit A-18

Form of Class R Certificate

Exhibit A-19

Form of Class R-X Certificate

Exhibit B

Form of Assignment, Assumption and Recognition Agreement

Exhibit C-1

Form of Trust Administrator’s Initial Certification

Exhibit C-2

Form of Trust Administrator’s Final Certification

Exhibit C-3

Form of Trust Administrator’s Receipt of Mortgage Notes

Exhibit D-1

Form of Assignment Agreements

Exhibit D-2

Form of Mortgage Loan Purchase Agreement

Exhibit E

Request for Release

Exhibit F-1

Form of Transferor Representation Letter and Form of Transferee Representation

Letter in Connection with Transfer of the Private Certificates Pursuant to Rule 144A Under the 1933 Act

Exhibit F-2

Form of Transfer Affidavit and Agreement and Form of Transferor Affidavit in Connection with Transfer of Residual Certificates

Exhibit G

Form of Certification with respect to ERISA and the Code

Exhibit H

Form of Report Pursuant to Section 4.06

Exhibit I

Form of Lost Note Affidavit

Exhibit J-1

Form of Certification to Be Provided by the Master Servicer with Form 10-K

Exhibit J-2

Form of Certification to Be Provided to the Master Servicer by the Servicer

Exhibit K

Annual Statement of Compliance pursuant to Section 3.20

Exhibit L

[RESERVED]

Exhibit M

Form of Interest Rate Swap Agreement

Exhibit N

Form of Swap Administration Agreement

 

Schedule 1

Mortgage Loan Schedule

Schedule 2

Prepayment Charge Schedule

 


 

This Pooling and Servicing Agreement, is dated and effective as of September 1, 2005, among MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC. as Depositor, XXXXX FARGO BANK, N.A. as Master Servicer and Trust Administrator and U.S. BANK NATIONAL ASSOCIATION as Trustee.

PRELIMINARY STATEMENT:

The Depositor intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Mortgage Loans and certain other related assets subject to this Agreement.

REMIC I

As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Net WAC Rate Carryover Reserve Account, the Swap Account and the Interest Rate Swap Agreement) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC I.” The Class R-I Interest will be the sole class of “residual interests” in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated.

Designation

 

REMIC I
Remittance Rate

 

Initial
Uncertificated Balance

 

Latest Possible
Maturity Date(1)

 

I

 

Variable(2)

 

$

614,157.98

 

September 2035

 

I-1-A

 

Variable(2)

 

$

2,231,984.71

 

September 2035

 

I-1-B

 

Variable(2)

 

$

2,231,984.71

 

September 2035

 

I-2-A

 

Variable(2)

 

$

2,705,673.67

 

September 2035

 

I-2-B

 

Variable(2)

 

$

2,705,673.67

 

September 2035

 

I-3-A

 

Variable(2)

 

$

3,171,520.09

 

September 2035

 

I-3-B

 

Variable(2)

 

$

3,171,520.09

 

September 2035

 

I-4-A

 

Variable(2)

 

$

3,626,648.39

 

September 2035

 

I-4-B

 

Variable(2)

 

$

3,626,648.39

 

September 2035

 

I-5-A

 

Variable(2)

 

$

4,066,875.87

 

September 2035

 

I-5-B

 

Variable(2)

 

$

4,066,875.87

 

September 2035

 

I-6-A

 

Variable(2)

 

$

4,487,235.61

 

September 2035

 

I-6-B

 

Variable(2)

 

$

4,487,235.61

 

September 2035

 

I-7-A

 

Variable(2)

 

$

4,874,656.71

 

September 2035

 

I-7-B

 

Variable(2)

 

$

4,874,656.71

 

September 2035

 

I-8-A

 

Variable(2)

 

$

5,189,403.67

 

September 2035

 

I-8-B

 

Variable(2)

 

$

5,189,403.67

 

September 2035

 

I-9-A

 

Variable(2)

 

$

5,176,594.20

 

September 2035

 

I-9-B

 

Variable(2)

 

$

5,176,594.20

 

September 2035

 

I-10-A

 

Variable(2)

 

$

4,951,252.11

 

September 2035

 

I-10-B

 

Variable(2)

 

$

4,951,252.11

 

September 2035

 

I-11-A

 

Variable(2)

 

$

4,721,988.74

 

September 2035

 

I-11-B

 

Variable(2)

 

$

4,721,988.74

 

September 2035

 

 

 


 

 

I-12-A

 

Variable(2)

 

$

4,498,737.99

 

September 2035

 

I-12-B

 

Variable(2)

 

$

4,498,737.99

 

September 2035

 

I-13-A

 

Variable(2)

 

$

4,285,421.11

 

September 2035

 

I-13-B

 

Variable(2)

 

$

4,285,421.11

 

September 2035

 

I-14-A

 

Variable(2)

 

$

4,082,299.52

 

September 2035

 

I-14-B

 

Variable(2)

 

$

4,082,299.52

 

September 2035

 

I-15-A

 

Variable(2)

 

$

3,888,588.97

 

September 2035

 

I-15-B

 

Variable(2)

 

$

3,888,588.97

 

September 2035

 

I-16-A

 

Variable(2)

 

$

3,705,073.71

 

September 2035

 

I-16-B

 

Variable(2)

 

$

3,705,073.71

 

September 2035

 

I-17-A

 

Variable(2)

 

$

3,577,763.27

 

September 2035

 

I-17-B

 

Variable(2)

 

$

3,577,763.27

 

September 2035

 

I-18-A

 

Variable(2)

 

$

3,664,815.38

 

September 2035

 

I-18-B

 

Variable(2)

 

$

3,664,815.38

 

September 2035

 

I-19-A

 

Variable(2)

 

$

5,273,057.35

 

September 2035

 

I-19-B

 

Variable(2)

 

$

5,273,057.35

 

September 2035

 

I-20-A

 

Variable(2)

 

$

5,930,000.15

 

September 2035

 

I-20-B

 

Variable(2)

 

$

5,930,000.15

 

September 2035

 

I-21-A

 

Variable(2)

 

$

5,394,878.02

 

September 2035

 

I-21-B

 

Variable(2)

 

$

5,394,878.02

 

September 2035

 

I-22-A

 

Variable(2)

 

$

4,833,352.70

 

September 2035

 

I-22-B

 

Variable(2)

 

$

4,833,352.70

 

September 2035

 

I-23-A

 

Variable(2)

 

$

4,219,805.25

 

September 2035

 

I-23-B

 

Variable(2)

 

$

4,219,805.25

 

September 2035

 

I-24-A

 

Variable(2)

 

$

2,970,489.85

 

September 2035

 

I-24-B

 

Variable(2)

 

$

2,970,489.85

 

September 2035

 

I-25-A

 

Variable(2)

 

$

2,213,424.05

 

September 2035

 

I-25-B

 

Variable(2)

 

$

2,213,424.05

 

September 2035

 

I-26-A

 

Variable(2)

 

$

2,046,639.53

 

September 2035

 

I-26-B

 

Variable(2)

 

$

2,046,639.53

 

September 2035

 

I-27-A

 

Variable(2)

 

$

1,915,669.24

 

September 2035

 

I-27-B

 

Variable(2)

 

$

1,915,669.24

 

September 2035

 

I-28-A

 

Variable(2)

 

$

1,803,521.03

 

September 2035

 

I-28-B

 

Variable(2)

 

$

1,803,521.03

 

September 2035

 

I-29-A

 

Variable(2)

 

$

1,701,829.53

 

September 2035

 

I-29-B

 

Variable(2)

 

$

1,701,829.53

 

September 2035

 

I-30-A

 

Variable(2)

 

$

1,606,150.63

 

September 2035

 

I-30-B

 

Variable(2)

 

$

1,606,150.63

 

September 2035

 

I-31-A

 

Variable(2)

 

$

1,515,700.09

 

September 2035

 

I-31-B

 

Variable(2)

 

$

1,515,700.09

 

September 2035

 

I-32-A

 

Variable(2)

 

$

1,430,739.32

 

September 2035

 

I-32-B

 

Variable(2)

 

$

1,430,739.32

 

September 2035

 

I-33-A

 

Variable(2)

 

$

1,349,438.40

 

September 2035

 

I-33-B

 

Variable(2)

 

$

1,349,438.40

 

September 2035

 

I-34-A

 

Variable(2)

 

$

1,273,627.26

 

September 2035

 

I-34-B

 

Variable(2)

 

$

1,273,627.26

 

September 2035

 

I-35-A

 

Variable(2)

 

$

1,202,521.63

 

September 2035

 

I-35-B

 

Variable(2)

 

$

1,202,521.63

 

September 2035

 

I-36-A

 

Variable(2)

 

$

1,135,337.27

 

September 2035

 

I-36-B

 

Variable(2)

 

$

1,135,337.27

 

September 2035

 

I-37-A

 

Variable(2)

 

$

1,072,597.01

 

September 2035

 

I-37-B

 

Variable(2)

 

$

1,072,597.01

 

September 2035

 

I-38-A

 

Variable(2)

 

$

1,012,993.77

 

September 2035

 

 

 


 

 

I-38-B

 

Variable(2)

 

$

1,012,993.77

 

September 2035

 

I-39-A

 

Variable(2)

 

$

956,266.11

 

September 2035

 

I-39-B

 

Variable(2)

 

$

956,266.11

 

September 2035

 

I-40-A

 

Variable(2)

 

$

903,198.31

 

September 2035

 

I-40-B

 

Variable(2)

 

$

903,198.31

 

September 2035

 

I-41-A

 

Variable(2)

 

$

853,267.52

 

September 2035

 

I-41-B

 

Variable(2)

 

$

853,267.52

 

September 2035

 

I-42-A

 

Variable(2)

 

$

806,735.16

 

September 2035

 

I-42-B

 

Variable(2)

 

$

806,735.16

 

September 2035

 

I-43-A

 

Variable(2)

 

$

14,576,392.09

 

September 2035

 

I-43-B

 

Variable(2)

 

$

14,576,392.09

 

September 2035

 

II

 

Variable(2)

 

$

560,601.02

 

September 2035

 

II-1-A

 

Variable(2)

 

$

2,037,015.29

 

September 2035

 

II-1-B

 

Variable(2)

 

$

2,037,015.29

 

September 2035

 

II-2-A

 

Variable(2)

 

$

2,469,326.33

 

September 2035

 

II-2-B

 

Variable(2)

 

$

2,469,326.33

 

September 2035

 

II-3-A

 

Variable(2)

 

$

2,894,479.91

 

September 2035

 

II-3-B

 

Variable(2)

 

$

2,894,479.91

 

September 2035

 

II-4-A

 

Variable(2)

 

$

3,309,851.61

 

September 2035

 

II-4-B

 

Variable(2)

 

$

3,309,851.61

 

September 2035

 

II-5-A

 

Variable(2)

 

$

3,711,624.13

 

September 2035

 

II-5-B

 

Variable(2)

 

$

3,711,624.13

 

September 2035

 

II-6-A

 

Variable(2)

 

$

4,095,264.39

 

September 2035

 

II-6-B

 

Variable(2)

 

$

4,095,264.39

 

September 2035

 

II-7-A

 

Variable(2)

 

$

4,448,843.29

 

September 2035

 

II-7-B

 

Variable(2)

 

$

4,448,843.29

 

September 2035

 

II-8-A

 

Variable(2)

 

$

4,736,096.33

 

September 2035

 

II-8-B

 

Variable(2)

 

$

4,736,096.33

 

September 2035

 

II-9-A

 

Variable(2)

 

$

4,724,405.80

 

September 2035

 

II-9-B

 

Variable(2)

 

$

4,724,405.80

 

September 2035

 

II-10-A

 

Variable(2)

 

$

4,518,747.89

 

September 2035

 

II-10-B

 

Variable(2)

 

$

4,518,747.89

 

September 2035

 

II-11-A

 

Variable(2)

 

$

4,309,511.26

 

September 2035

 

II-11-B

 

Variable(2)

 

$

4,309,511.26

 

September 2035

 

II-12-A

 

Variable(2)

 

$

4,105,762.01

 

September 2035

 

II-12-B

 

Variable(2)

 

$

4,105,762.01

 

September 2035

 

II-13-A

 

Variable(2)

 

$

3,911,078.89

 

September 2035

 

II-13-B

 

Variable(2)

 

$

3,911,078.89

 

September 2035

 

II-14-A

 

Variable(2)

 

$

3,725,700.48

 

September 2035

 

II-14-B

 

Variable(2)

 

$

3,725,700.48

 

September 2035

 

II-15-A

 

Variable(2)

 

$

3,548,911.03

 

September 2035

 

II-15-B

 

Variable(2)

 

$

3,548,911.03

 

September 2035

 

II-16-A

 

Variable(2)

 

$

3,381,426.29

 

September 2035

 

II-16-B

 

Variable(2)

 

$

3,381,426.29

 

September 2035

 

II-17-A

 

Variable(2)

 

$

3,265,236.73

 

September 2035

 

II-17-B

 

Variable(2)

 

$

3,265,236.73

 

September 2035

 

II-18-A

 

Variable(2)

 

$

3,344,684.62

 

September 2035

 

II-18-B

 

Variable(2)

 

$

3,344,684.62

 

September 2035

 

II-19-A

 

Variable(2)

 

$

4,812,442.65

 

September 2035

 

II-19-B

 

Variable(2)

 

$

4,812,442.65

 

September 2035

 

II-20-A

 

Variable(2)

 

$

5,411,999.85

 

September 2035

 

II-20-B

 

Variable(2)

 

$

5,411,999.85

 

September 2035

 

II-21-A

 

Variable(2)

 

$

4,923,621.98

 

September 2035

 

 

 


 

 

II-21-B

 

Variable(2)

 

$

4,923,621.98

 

September 2035

 

II-22-A

 

Variable(2)

 

$

4,411,147.30

 

September 2035

 

II-22-B

 

Variable(2)

 

$

4,411,147.30

 

September 2035

 

II-23-A

 

Variable(2)

 

$

3,851,194.75

 

September 2035

 

II-23-B

 

Variable(2)

 

$

3,851,194.75

 

September 2035

 

II-24-A

 

Variable(2)

 

$

2,711,010.15

 

September 2035

 

II-24-B

 

Variable(2)

 

$

2,711,010.15

 

September 2035

 

II-25-A

 

Variable(2)

 

$

2,020,075.95

 

September 2035

 

II-25-B

 

Variable(2)

 

$

2,020,075.95

 

September 2035

 

II-26-A

 

Variable(2)

 

$

1,867,860.47

 

September 2035

 

II-26-B

 

Variable(2)

 

$

1,867,860.47

 

September 2035

 

II-27-A

 

Variable(2)

 

$

1,748,330.76

 

September 2035

 

II-27-B

 

Variable(2)

 

$

1,748,330.76

 

September 2035

 

II-28-A

 

Variable(2)

 

$

1,645,978.97

 

September 2035

 

II-28-B

 

Variable(2)

 

$

1,645,978.97

 

September 2035

 

II-29-A

 

Variable(2)

 

$

1,553,170.47

 

September 2035

 

II-29-B

 

Variable(2)

 

$

1,553,170.47

 

September 2035

 

II-30-A

 

Variable(2)

 

$

1,465,849.37

 

September 2035

 

II-30-B

 

Variable(2)

 

$

1,465,849.37

 

September 2035

 

II-31-A

 

Variable(2)

 

$

1,383,299.91

 

September 2035

 

II-31-B

 

Variable(2)

 

$

1,383,299.91

 

September 2035

 

II-32-A

 

Variable(2)

 

$

1,305,760.68

 

September 2035

 

II-32-B

 

Variable(2)

 

$

1,305,760.68

 

September 2035

 

II-33-A

 

Variable(2)

 

$

1,231,561.60

 

September 2035

 

II-33-B

 

Variable(2)

 

$

1,231,561.60

 

September 2035

 

II-34-A

 

Variable(2)

 

$

1,162,372.74

 

September 2035

 

II-34-B

 

Variable(2)

 

$

1,162,372.74

 

September 2035

 

II-35-A

 

Variable(2)

 

$

1,097,478.37

 

September 2035

 

II-35-B

 

Variable(2)

 

$

1,097,478.37

 

September 2035

 

II-36-A

 

Variable(2)

 

$

1,036,162.73

 

September 2035

 

II-36-B

 

Variable(2)

 

$

1,036,162.73

 

September 2035

 

II-37-A

 

Variable(2)

 

$

978,902.99

 

September 2035

 

II-37-B

 

Variable(2)

 

$

978,902.99

 

September 2035

 

II-38-A

 

Variable(2)

 

$

924,506.23

 

September 2035

 

II-38-B

 

Variable(2)

 

$

924,506.23

 

September 2035

 

II-39-A

 

Variable(2)

 

$

872,733.89

 

September 2035

 

II-39-B

 

Variable(2)

 

$

872,733.89

 

September 2035

 

II-40-A

 

Variable(2)

 

$

824,301.69

 

September 2035

 

II-40-B

 

Variable(2)

 

$

824,301.69

 

September 2035

 

II-41-A

 

Variable(2)

 

$

778,732.48

 

September 2035

 

II-41-B

 

Variable(2)

 

$

778,732.48

 

September 2035

 

II-42-A

 

Variable(2)

 

$

736,264.84

 

September 2035

 

II-42-B

 

Variable(2)

 

$

736,264.84

 

September 2035

 

II-43-A

 

Variable(2)

 

$

13,303,107.91

 

September 2035

 

II-43-B

 

Variable(2)

 

$

13,303,107.91

 

September 0000

 

X-XXX

 

Variable(2)

 

$

100.00

 

September 2035

 

 

 

 

 

 

 

 

 

 

________________

 

 

(1)

For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC I Regular Interest.
   

 

(2)

Calculated in accordance with the definition of “REMIC I Remittance Rate” herein.
 

 

 


 

REMIC II

As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC II.” The Class R-II Interest will evidence the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions under federal income tax law. The Class R-II Interest will be the sole class of “residual interests” in REMIC II for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the REMIC II Remittance Rate, the initial Uncertificated Balance and, for purposes of satisfying Treasury Regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for each of the REMIC II Regular Interests (as defined herein). None of the REMIC II Regular Interests will be certificated.

Designation

REMIC II

Remittance Rate

 

Initial

Uncertificated Balance

Latest Possible

Maturity Date(1)

II-LTAA

Variable(2)

 

$

264,685,631.54

September 2035

II-LTA1

Variable(2)

 

$

1,119,805.00

September 2035

II-LTA2

Variable(2)

 

$

606,000.00

September 2035

II-LTA3

Variable(2)

 

$

371,875.00

September 2035

II-LTA4

Variable(2)

 

$

44,110.00

September 2035

II-LTM1

Variable(2)

 

$

99,930.00

September 2035

II-LTM2

Variable(2)

 

$

90,475.00

September 2035

II-LTM3

Variable(2)

 

$

54,015.00

September 2035

II-LTM4

Variable(2)

 

$

47,265.00

September 2035

II-LTM5

Variable(2)

 

$

45,910.00

September 2035

II-LTM6

Variable(2)

 

$

41,860.00

September 2035

II-LTM7

Variable(2)

 

$

36,460.00

September 2035

II-LTM8

Variable(2)

 

$

33,760.00

September 2035

II-LTM9

Variable(2)

 

$

29,705.00

September 2035

II-LTM10

Variable(2)

 

$

24,305.00

September 2035

II-LTM11

Variable(2)

 

$

21,605.00

September 2035

II-LTZZ

Variable(2)

 

$

2,734,667.58

September 2035

II-LTP

Variable(2)

 

$

100.00

September 2035

II-LT1SUB

Variable(2)

 

$

5,846.15

September 2035

II-LT1GRP

Variable(2)

 

$

28,242.26

September 2035

II-LT2SUB

Variable(2)

 

$

5,335.53

September 2035

II-LT2GRP

Variable(2)

 

$

25,775.23

September 2035

II-LTXX

Variable(2)

 

$

270,022,179.96

September 2035

II-LTIO

Variable(2)

 

 

N/A

September 2035

________________

 

(1)

For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each REMIC II Regular Interest.
   

(2)

Calculated in accordance with the definition of “REMIC II Remittance Rate” herein.
   

(3)

REMIC II Regular Interest II-LTIO will not have an Uncertificated Balance, but will accrue interest on its Uncertificated Notional Amount.
 

 

 


 

REMIC III

As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC II Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC III.” The Class R-III Interest will evidence the sole class of “residual interests” in REMIC III for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated Classes of Certificates.

Each Certificate, other than the Class P Certificate, the Class CE Certificate and the Class R Certificates, represents ownership of a Regular Interest in REMIC III and also represents (i) the right to receive payments with respect to the Net WAC Rate Carryover Amount (as defined herein) and (ii) the obligation to pay Class IO Distribution Amounts (as defined herein). The entitlement to principal of the Regular Interest which corresponds to each Certificate shall be equal in amount and timing to the entitlement to principal of such Certificate. 

Designation

Pass-Through Rate

 

Initial Aggregate

Certificate
Principal Balance

Latest Possible

Maturity Date(1)

Class A-1

Variable(2)

 

$

223,961,000.00

September 2035

Class A-2

Variable(2)

 

$

121,200,000.00

September 2035

Class A-3

Variable(2)

 

$

74,375,000.00

September 2035

Class A-4

Variable(2)

 

$

8,822,000.00

September 2035

Class M-1

Variable(2)

 

$

19,986,000.00

September 2035

Class M-2

Variable(2)

 

$

18,095,000.00

September 2035

Class M-3

Variable(2)

 

$

10,803,000.00

September 2035

Class M-4

Variable(2)

 

$

9,453,000.00

September 2035

Class M-5

Variable(2)

 

$

9,182,000.00

September 2035

Class M-6

Variable(2)

 

$

8,372,000.00

September 2035

Class M-7

Variable(2)

 

$

7,292,000.00

September 2035

Class M-8

Variable(2)

 

$

6,752,000.00

September 2035

Class M-9

Variable(2)

 

$

5,941,000.00

September 2035

Class M-10

Variable(2)

 

$

4,861,000.00

September 2035

Class M-11

Variable(2)

 

$

4,321,000.00

September 2035

Class CE Interest

Variable(3)

 

$

6,758,758.25

September 2035

Class P Interest

N/A(4)

 

$

100.00

September 2035

Class Swap-IO Interest

N/A(5)

 

 

N/A

September 2035

_______________

 

(1)

For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for each Class of Certificates.
   

(2)

Calculated in accordance with the definition of “Pass-Through Rate” herein.
   

(3)

The Class CE Interest will accrue interest at its variable Pass-Through Rate on the Notional Amount of the Class CE Interest outstanding from time to time; which shall equal the Uncertificated Balance of the REMIC II Regular Interests (other than REMIC II Regular Interest II-LTP). The Class CE Interest will not accrue interest on its Uncertificated Balance.
   

(4)

The Class P Interest will not accrue interest.
   

(5)

The Class SWAP-IO Interest will not have a Pass-Through Rate or a Certificate Principal Balance, but will be entitled to 100% of amounts distributed on REMIC II Regular Interest II-LTIO.
 

 


 

REMIC IV

As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class CE Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC IV.” The Class R-IV Interest represents the sole class of “residual interests” in REMIC IV for purposes of the REMIC Provisions.

The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC IV created hereunder:

Class Designation

Pass-Through Rate

Initial Aggregate

Certificate Principal Balance

Latest Possible

Maturity Date(1)

Class CE Certificates

Variable(2)

6,758,758.25

September 2035

_______________

 

(1)

For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the Distribution Date immediately following the maturity date for the Mortgage Loans with the latest maturity date has been designated as the “latest possible maturity date” for the Class CE Certificates.
   

(2)

The Class CE Certificates will receive 100% of amounts received in respect of the Class CE Interest.
 

 


 

REMIC V

As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class P Interest as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as “REMIC V.” The Class R-V Interest represents the sole class of “residual interests” in REMIC V for purposes of the REMIC Provisions.

The following table irrevocably sets forth the Class designation, Pass-Through Rate and Original Class Certificate Principal Balance for the indicated Class of Certificates that represents a “regular interest” in REMIC V created hereunder:

Class Designation

Pass-Through Rate

Initial Aggregate

Certificate Principal Balance

Latest Possible

Maturity Date(1)

Class P Certificates

Variable(2)

$100.00

September 2035

_______________

 

(1)

For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the Distribution Date immediately following the maturity date for the Mortgage Loans with the latest maturity date has been designated as the “latest possible maturity date” for the Class P Certificates.
   

(2)

The Class P Certificates will receive 100% of amounts received in respect of the Class P Interest.
 

 


 

REMIC VI

As provided herein, the Trustee shall make an election to treat the segregated pool of assets consisting of the Class SWAP-IO Interest as a REMIC for federal income tax purposes, and such segregated pool of assets shall be designated as “REMIC VI.” The Class R-VI Interest represents the sole class of “residual interests” in REMIC VI for purposes of the REMIC Provisions. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii), the “latest possible maturity date” for the indicated REMIC VI Regular Interest, which will be uncertificated. 

Designation

 

Pass-Through Rate

 

Initial Aggregate
Certificate Principal Balance

 

Latest Possible
Maturity Date(1)

 

SWAP-IO

 

Variable(2)

 

N/A

 

September 2035

 

________________

 

 

(1)

For purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the “latest possible maturity date” for REMIC VI Regular Interest SWAP-IO.
   

 

(2)

REMIC VI Regular Interest SWAP-IO shall receive 100% of amounts received in respect of the Class SWAP-IO Interest.
 

 

As of the Cut-off Date, the Mortgage Loans had an aggregate Stated Principal Balance equal to $540,174,858.25.

In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer, the Trust Administrator and the Trustee agree as follows:

 


 

ARTICLE I

 

DEFINITIONS

 

SECTION 1.01.

Defined Terms.

Whenever used in this Agreement, including, without limitation, in the Preliminary Statement hereto, the following words and phrases, unless the context otherwise requires, shall have the meanings specified in this Article. Unless otherwise specified, all calculations described herein shall be made on the basis of a 360-day year consisting of twelve 30-day months.

“Accepted Master Servicing Practices”: With respect to any Mortgage Loan, as applicable, either (x) those customary mortgage loan master servicing practices of prudent mortgage servicing institutions that master service mortgage loans of the same type and quality as such Mortgage Loan in the jurisdiction where the related Mortgaged Property is located, to the extent applicable to the Master Servicer (except in its capacity as successor to the Servicer), or (y) as provided in Section 3.01 hereof, but in no event below the standard set forth in clause (x).

“Accrual Period”: With respect to the Class A Certificates and the Mezzanine Certificates and each Distribution Date, the period commencing on the preceding Distribution Date (or in the case of the first such Accrual Period, commencing on the Closing Date) and ending on the day preceding the current Distribution Date. With respect to the Class CE Certificates and the REMIC Regular Interests and each Distribution Date, the calendar month prior to the month of such Distribution Date.

“Adjustable-Rate Mortgage Loan”: Each of the Mortgage Loans identified in the Mortgage Loan Schedule as having a Mortgage Rate that is subject to adjustment.

“Adjusted Net Maximum Mortgage Rate”: With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the applicable Maximum Mortgage Rate for such Mortgage Loan (or the Mortgage Rate in the case of any Fixed-Rate Mortgage Loan) as of the first day of the month preceding the month in which the related Distribution Date occurs minus the sum of (i) the Administration Fee Rate; (ii) the Servicing Fee Rate and (iii) the Credit Risk Manager Fee Rate.

“Adjusted Net Mortgage Rate”: With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the applicable Mortgage Rate for such Mortgage Loan as of the first day of the month preceding the month in which the related Distribution Date occurs minus the sum of (i) the Administration Fee Rate; (ii) the Servicing Fee Rate and (iii) the Credit Risk Manager Fee Rate.

“Adjustment Date”: With respect to each Adjustable-Rate Mortgage Loan, the first day of the month in which the Mortgage Rate of such Mortgage Loan changes pursuant to the related Mortgage Note. The first Adjustment Date following the Cut-off Date as to each Adjustable-Rate Mortgage Loan is set forth in the Mortgage Loan Schedule.

 


 

“Administration Fee”: The amount payable to the Trust Administrator on each Distribution Date pursuant to Section 8.05 as compensation for all services rendered by the Trust Administrator in the execution of the trust created hereby and in the exercise and performance of any of the powers and duties of the Trust Administrator hereunder, which amount, with respect to the Mortgage Loans and REO Properties and for any calendar month, shall be equal to one- twelfth of the Administration Fee Rate (without regards to the words “per annum” in the definition thereof) multiplied by the Stated Principal Balance of the Mortgage Loans as of the first day of the related Due Period. The fee payable to the Trustee for all services rendered by it in the exercise and performance of any of its respective powers and duties hereunder will be paid by the Trust Administrator on an annual basis from its own funds in accordance with a separate agreement between the Trust Administrator and the Trustee.

“Administration Fee Rate”: 0.024% per annum.

“Advance”: With respect to any Distribution Date, as to any Mortgage Loan or REO Property, any advance made by the Servicer in respect of Monthly Payments due during the related Due Period pursuant to the Servicing Agreement or by the Master Servicer (in its capacity as successor Servicer) or any other successor Servicer pursuant to Section 4.03.

“Affiliate”: With respect to any specified Person, any other Person controlling or controlled by or under common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

“Aggregate Loss Severity Percentage”: With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred on any Mortgage Loans from the Cut-off Date to the last day of the preceding calendar month and the denominator of which is the aggregate Stated Principal Balance of such Mortgage Loans immediately prior to the liquidation of such Mortgage Loans.

“Agreement”: This Pooling and Servicing Agreement and all amendments hereof and supplements hereto.

“Allocated Realized Loss Amount”: With respect to any Distribution Date and any Class of Mezzanine Certificates, (i) the sum of (a) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (b) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining undistributed from the previous Distribution Date reduced by (ii) the amount of any Subsequent Recoveries added to the Certificate Principal Balance of such Class of Certificates.

“Assignment”: An assignment of Mortgage, notice of transfer or equivalent instrument, in recordable form (excepting therefrom, if applicable, the mortgage recordation information which has not been required pursuant to Section 2.01 hereof or returned by the applicable recorder’s office), which is sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect of record the sale of the Mortgage, which

 


assignment, notice of transfer or equivalent instrument may be in the form of one or more blanket assignments covering Mortgages secured by Mortgaged Properties located in the same county, if permitted by law.

“Assignment Agreement”: The Assignment and Recognition Agreements, each dated September 30, 2005, among the Depositor, the Servicer and the related Originator, forms of which are attached hereto as Exhibit D-1 pursuant to which the related Originator assigns its rights under the related Originator Master Agreement to the Depositor.

“Assignment, Assumption and Recognition Agreement”: The Assignment, Assumption and Recognition Agreement, a form of which is attached hereto as part of Exhibit B, whereby the Servicing Agreement was assigned to the Depositor.

“Available Funds”: With respect to any Distribution Date, an amount equal to the excess of (i) the sum of (a) the aggregate of the related Monthly Payments received on the Mortgage Loans by the Servicer on or prior to the related Determination Date, (b) Net Liquidation Proceeds, Insurance Proceeds, Principal Prepayments, Subsequent Recoveries, proceeds from repurchases of and substitutions for such Mortgage Loans and other unscheduled recoveries of principal and interest in respect of the Mortgage Loans received by the Servicer during the related Prepayment Period, (c) the aggregate of any amounts received by the Servicer in respect of a related REO Property withdrawn from any REO Account and remitted to the Master Servicer for such Distribution Date, (d) the aggregate of any amounts on deposit in the Distribution Account representing Compensating Interest paid by the Servicer or the Master Servicer in respect of related Prepayment Interest Shortfalls for such Distribution Date, (e) the aggregate of any Advances made by the Servicer for such Distribution Date in respect of the related Mortgage Loans and (f) the aggregate of any related Advances made by the Master Servicer (or other successor Servicer) in respect of the Mortgage Loans for such Distribution Date pursuant to Section 4.03 over (ii) the sum of (a) amounts reimbursable or payable to the Servicer pursuant to the Servicing Agreement, or to the Master Servicer pursuant to Section 3.21, (b) Extraordinary Trust Fund Expenses reimbursable to the Trustee, the Servicer, the Master Servicer or the Trust Administrator pursuant to Section 3.21, (c) amounts in respect of the items set forth in clauses (i)(a) through (i)(e) above remitted by the Servicer to the Master Servicer in error or deposited in the Distribution Account in respect of the items in clauses (i)(a) through (i)(e) above in error, (d) the amount of any Prepayment Charges collected by the Servicer in connection with the full or partial prepayment of any of the Mortgage Loans, (e) the Administration Fee and any indemnification amounts owed to the Trust Administrator, the Trustee or the Custodian payable from the Distribution Account pursuant to Section 8.05, (f) without duplication, any amounts in respect of the items set forth in clauses (i)(a) and (i)(b) permitted hereunder to be retained by the Master Servicer or to be withdrawn by the Master Servicer from the Distribution Account pursuant to Section 3.21, (g) Servicing Fees retained by the Servicer pursuant to the Servicing Agreement, (h) the Credit Risk Manager Fee and (i) any Net Swap Payment or Swap Termination Payment owed to the Swap Provider (other than any Swap Termination Payment owed to the Swap Provider resulting from a Swap Provider Trigger Event). Notwithstanding any of the foregoing, with respect to any items that are part of the Available Funds as defined above and that are required to be remitted by the Servicer to the

 


Master Servicer, the Available Funds shall not be deemed to include any portion of such items that are not actually remitted by the Servicer to the Master Servicer.

“Balloon Mortgage Loan”: A Mortgage Loan that provides for the payment of the unamortized principal balance of such Mortgage Loan in a single payment at the maturity of such Mortgage Loan that is substantially greater than the preceding monthly payment.

“Balloon Payment”: A payment of the unamortized principal balance of a Mortgage Loan in a single payment at the maturity of such Mortgage Loan that is substantially greater than the preceding Monthly Payment.

“Bankruptcy Code”: The Bankruptcy Reform Act of 1978 (Title 11 of the United States Code), as amended.

“Book-Entry Certificate”: The Class A Certificates and the Mezzanine Certificates for so long as the Certificates of such Class shall be registered in the name of the Depository or its nominee.

“Book-Entry Custodian”: The custodian appointed pursuant to Section 5.01.

“Business Day”: Any day other than a Saturday, a Sunday or a day on which banking or savings and loan institutions in the State of California, the State of New York, or in any city in which the Corporate Trust Office of the Trustee or the Corporate Trust Office of the Trust Administrator is located, are authorized or obligated by law or executive order to be closed.

“Certificate”: Any one of the Mortgage Pass-Through Certificates, Series 2005-HE2, Class A-1, Class X-0, Xxxxx X-0, Class A-4, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11, Class CE, Class P, Class R and Class R-X, issued under this Agreement.

“Certificate Factor”: With respect to any Class of Regular Certificates as of any Distribution Date, a fraction, expressed as a decimal carried to at least six places, the numerator of which is the aggregate Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates on such Distribution Date (after giving effect to any distributions of principal and allocations of Realized Losses in reduction of the Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates to be made on such Distribution Date), and the denominator of which is the initial aggregate Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates as of the Closing Date.

“Certificate Margin”: With respect to each Class A Certificate and Mezzanine Certificate and, for purposes of the Marker Rate, the specified REMIC II Regular Interest, as follows:

 

 

 


 

 

Class

REMIC II Regular Interest

Certificate Margin

(1) (%)

(2) (%)

X-0

XX-XXX0

0.270%

0.540%

X-0

XX-XXX0

0.110%

0.220%

X-0

XX-XXX0

0.270%

0.540%

X-0

XX-XXX0

0.370%

0.740%

M-1

II-LTM1

0.450%

0.675%

M-2

II-LTM2

0.470%

0.705%

M-3

II-LTM3

0.490%

0.735%

M-4

II-LTM4

0.600%

0.900%

M-5

II-LTM5

0.630%

0.945%

M-6

II-LTM6

0.700%

1.050%

M-7

II-LTM7

1.200%

1.800%

M-8

II-LTM8

1.350%

2.025%

M-9

II-LTM9

1.750%

2.625%

M-10

II-LTM10

3.000%

4.500%

M-11

II-LTM11

2.500%

3.750%

__________

 

 

(1)

For the Interest Accrual Period for each Distribution Date on or prior to the Optional Termination Date.
   

 

(2)

For the Interest Accrual Period for each Distribution Date after the Optional Termination Date.
 

 

“Certificateholder” or “Holder”: The Person in whose name a Certificate is registered in the Certificate Register, except that a Disqualified Organization or a Non-United States Person shall not be a Holder of a Residual Certificate for any purposes hereof and, solely for the purposes of giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor or the Master Servicer or any Affiliate thereof shall be deemed not to be outstanding and the Voting Rights to which it is entitled shall not be taken into account in determining whether the requisite percentage of Voting Rights necessary to effect any such consent has been obtained, except as otherwise provided in Section 11.01. The Trust Administrator and the Trustee and the NIMS Insurer may conclusively rely upon a certificate of the Depositor or the Master Servicer in determining whether a Certificate is held by an Affiliate thereof. All references herein to “Holders” or “Certificateholders” shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trust Administrator, the Trustee and the NIMS Insurer shall be required to recognize as a “Holder” or “Certificateholder” only the Person in whose name a Certificate is registered in the Certificate Register.

“Certificate Owner”: With respect to a Book-Entry Certificate, the Person who is the beneficial owner of such Certificate as reflected on the books of the Depository or on the books of a Depository Participant or on the books of an indirect participating brokerage firm for which a Depository Participant acts as agent.

“Certificate Principal Balance”: With respect to each Class A Certificate, Mezzanine Certificate or Class P Certificate as of any date of determination, the Certificate Principal Balance of such Certificate on the Distribution Date immediately prior to such date of determination plus any Subsequent Recoveries added to the Certificate Principal Balance of such Certificate pursuant to Section 4.01, minus all distributions allocable to principal made thereon

 


and Realized Losses allocated thereto on such immediately prior Distribution Date (or, in the case of any date of determination up to and including the first Distribution Date, the initial Certificate Principal Balance of such Certificate, as stated on the face thereof). With respect to each Class CE Certificate as of any date of determination, an amount equal to the Percentage Interest evidenced by such Certificate times the excess, if any, of (A) the then aggregate Uncertificated Balance of the REMIC II Regular Interests over (B) the then aggregate Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class P Certificates then outstanding.

“Certificate Register”: The register maintained pursuant to Section 5.02.

“Class”: Collectively, all of the Certificates bearing the same class designation.

“Class A Certificates”: Any Class A-1 Certificate, Class A-2 Certificate, Class A-3 Certificate or Class A-4 Certificate.

“Class A-1 Certificate”: Any one of the Class A-1 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-1 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class A-2 Certificate”: Any one of the Class A-2 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-2 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class A-3 Certificate”: Any one of the Class A-3 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-3 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class A-4 Certificate”: Any one of the Class A-4 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-4 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class CE Certificate”: Any one of the Class CE Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-16 and evidencing (i) a Regular Interest in REMIC IV, (ii) the obligation to pay Net WAC Rate Carryover Amounts and Swap Termination Payments and (iii) the right to receive the Class IO Distribution Amount.

 


 

“Class CE Interest”: An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class CE Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

“Class IO Distribution Amount”: As defined in Section 4.08 hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Swap Administrator on such Distribution Date in excess of the amount payable on the Class SWAP-IO Interest on such Distribution Date, all as further provided in Section 4.08 hereof.

“Class M-1 Certificate”: Any one of the Class M-1 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-5 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class M-1 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date) and (ii) the Certificate Principal Balance of the Class M-1 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 66.00% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $2,700,874.29.

“Class M-2 Certificate”: Any one of the Class M-2 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-6 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class M-2 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date) and (iii) the Certificate Principal Balance of the Class M-2 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 72.70% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate

 


Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $2,700,874.29.

“Class M-3 Certificate”: Any one of the Class M-3 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-7 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class M-3 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date) and (iv) the Certificate Principal Balance of the Class M-3 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 76.70% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $2,700,874.29.

“Class M-4 Certificate”: Any one of the Class M-4 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-8 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class M-4 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date) and (v) the Certificate Principal Balance of the Class M-4 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 80.20% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last

 


day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $2,700,874.29.

“Class M-5 Certificate”: Any one of the Class M-5 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-9 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class M-5 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date) and (vi) the Certificate Principal Balance of the Class M-5 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 83.60% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $2,700,874.29.

“Class M-6 Certificate”: Any one of the Class M-6 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-10 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class M-6 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution

 


Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date) and (vii) the Certificate Principal Balance of the Class M-6 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 86.70% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $2,700,874.29.

“Class M-7 Certificate”: Any one of the Class M-7 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-11 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class M-7 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date) and (viii) the Certificate Principal Balance of the Class M-7 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 89.40% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate

 


Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $2,700,874.29.

“Class M-8 Certificate”: Any one of the Class M-8 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-12 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class M-8 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account the distribution of the Class M-7 Principal Distribution Amount on such Distribution Date) and (ix) the Certificate Principal Balance of the Class M-8 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 91.90% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $2,700,874.29.

“Class M-9 Certificate”: Any one of the Class M-9 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-13 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class M-9 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A

 


Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account the distribution of the Class M-7 Principal Distribution Amount on such Distribution Date), (ix) the Certificate Principal Balance of the Class M-8 Certificates (after taking into account the distribution of the Class M-8 Principal Distribution Amount on such Distribution Date) and (x) the Certificate Principal Balance of the Class M-9 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 94.10% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $2,700,874.29.

“Class M-10 Certificate”: Any one of the Class M-10 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-14 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class M-10 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5

 


Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account the distribution of the Class M-7 Principal Distribution Amount on such Distribution Date), (ix) the Certificate Principal Balance of the Class M-8 Certificates (after taking into account the distribution of the Class M-8 Principal Distribution Amount on such Distribution Date), (x) the Certificate Principal Balance of the Class M-9 Certificates (after taking into account the distribution of the Class M-9 Principal Distribution Amount on such Distribution Date) and (xi) the Certificate Principal Balance of the Class M-10 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 95.90% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $2,700,874.29.

“Class M-10 Certificate”: Any one of the Class M-10 Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-15 and evidencing (i) a Regular Interest in REMIC III, (ii) the right to receive the Net WAC Rate Carryover Amount and (iii) the obligation to pay the Class IO Distribution Amount.

“Class M-10 Principal Distribution Amount”: With respect to any Distribution Date, the excess of (x) the sum of (i) the aggregate Certificate Principal Balance of the Class A Certificates (after taking into account the distribution of the Senior Principal Distribution Amount on such Distribution Date), (ii) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (iii) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (iv) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account the distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (v) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account the distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (vi) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account the distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (vii) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account the distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (viii) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account the distribution of the Class M-7 Principal Distribution Amount on such Distribution Date), (ix) the Certificate Principal Balance of the Class M-8 Certificates (after taking into account the distribution of the Class M-8 Principal Distribution Amount on such Distribution Date), (x) the Certificate Principal Balance of the Class M-9

 


Certificates (after taking into account the distribution of the Class M-9 Principal Distribution Amount on such Distribution Date), (xi) the Certificate Principal Balance of the Class M-10 Certificates (after taking into account the distribution of the Class M-10 Principal Distribution Amount on such Distribution Date) and (xii) the Certificate Principal Balance of the Class M-11 Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 97.50% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $2,700,874.29.

“Class P Certificate”: Any one of the Class P Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-17 and evidencing a Regular Interest in REMIC V for purposes of the REMIC Provisions.

“Class P Interest”: An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

“Class R Certificate”: Any one of the Class R Certificates executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-18 and evidencing the ownership of the Class R-I Interest, the Class R-II Interest and the Class R-III Interest.

“Class R-X Certificate”: The Class R-X Certificate executed, authenticated and delivered by the Trust Administrator, substantially in the form annexed hereto as Exhibit A-19 and evidencing the ownership of the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest.

“Class R-I Interest”: The uncertificated Residual Interest in REMIC I.

“Class R-II Interest”: The uncertificated Residual Interest in REMIC II.

“Class R-III Interest”: The uncertificated Residual Interest in REMIC III.

“Class R-IV Interest”: The uncertificated Residual Interest in REMIC IV.

“Class R-V Interest”: The uncertificated Residual Interest in REMIC V.

“Class R-VI Interest”: The uncertificated Residual Interest in REMIC V.

“Class SWAP-IO Interest”: An uncertificated interest in the Trust Fund evidencing a Regular Interest in REMIC III.

“Closing Date”: September 30, 2005.

 


 

“Code”: The Internal Revenue Code of 1986, as amended.

“Commission”: The Securities and Exchange Commission.

“Compensating Interest”: With respect to the Servicer, the amount in respect of Prepayment Interest Shortfalls required to be paid by the Servicer pursuant to the Servicing Agreement from its own funds without right of reimbursement. With respect to the Master Servicer, the amount in respect of Prepayment Interest Shortfalls required to be paid by the Master Servicer pursuant to Section 3.18 from its own funds without right of reimbursement except as provided in Section 3.18.

“Corporate Trust Office”: The principal corporate trust office of the Trustee or the Trust Administrator, as the case may be, at which at any particular time its corporate trust business in connection with this Agreement shall be administered, which office at the date of the execution of this instrument is located at (i) with respect to the Trustee, U.S. Bank National Association, 00 Xxxxxxxxxx Xxxxxx, XX-XX-XX0X, Xx. Xxxx, Xxxxxxxxx 00000, Attention: Structured Finance/MASTR 2005-HE2, or at such other address as the Trustee may designate from time to time by notice to the Certificateholders, the Depositor, the Servicer, the Master Servicer, the Originators and the Trust Administrator, or (ii) with respect to the Trust Administrator, (A) for Certificate transfer and surrender purposes, Xxxxx Fargo Bank, N.A., Sixth and Marquette, Xxxxxxxxxxx, Xxxxxxxxx 00000, Attention: Corporate Trust Services—MASTR 2005-HE2 and (B) for all other purposes, Xxxxx Fargo Bank, N.A., 0000 Xxx Xxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx 00000, Attention: Corporate Trust Services—MASTR 2005-HE2, or at such other address as the Trust Administrator may designate from time to time by notice to the Certificateholders, the Depositor, the Servicer, the Master Servicer, the Originators and the Trustee.

“Corresponding Certificate”: With respect to each REMIC II Regular Interest set forth below, the corresponding Regular Certificate set forth in the table below:

 

 

REMIC II Regular Interest

Regular Certificate

II-LTA1

Class A-1

II-LTA2

Class X-0

XX-XXX0

Xxxxx X-0

XX-XXX0

Class A-4

II-LTM1

Class M-1

II-LTM2

Class M-2

II-LTM3

Class M-3

II-LTM4

Class M-4

II-LTM5

Class M-5

II-LTM6

Class M-6

II-LTM7

Class M-7

II-LTM8

Class M-8

II-LTM9

Class M-9

II-LTM10

Class M-10

II-LTM11

Class M-11

II-LTP

Class P

 

 


 

“Credit Enhancement Percentage”: For any Distribution Date, the percentage obtained by dividing (x) the aggregate Certificate Principal Balance of the Mezzanine Certificates and the Class CE Certificates by (y) the aggregate Stated Principal Balance of the Mortgage Loans, calculated prior to taking into account distributions of principal on the Mortgage Loans and distribution of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount to the Holders of the Certificates then entitled to distributions of principal on such Distribution Date.

“Credit Risk Management Agreement”: The respective agreements, each between the Credit Risk Manager and a Servicer or the Master Servicer, regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.

“Credit Risk Manager”: The Murrayhill Company, a Colorado corporation, and its successors and assigns.

“Credit Risk Manager Fee”: The amount payable to the Credit Risk Manager on each Distribution Date as compensation for all services rendered by it in the exercise and performance of any of the powers and duties of the Credit Risk Manager under the respective Credit Risk Management Agreement and any other agreement pursuant to which the Credit Risk Manager is to perform any duties with respect to the Mortgage Loans, which amount shall equal one twelfth of the product of (i) the Credit Risk Manager Fee Rate (without regard to the words “per annum”) and (ii) the aggregate Stated Principal Balance of the Mortgage Loans and any related REO Properties as of the first day of the related Due Period.

“Credit Risk Manager Fee Rate”: 0.015% per annum.

“Cumulative Loss Percentage”: With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the preceding calendar month and the denominator of which is the sum of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

“Custodial Account”: The account or accounts established and maintained for the benefit of the Trustee by the Servicer with respect to the related Mortgage Loans and REO Properties pursuant to the Servicing Agreement.

“Custodial Agreement”: The agreement dated as of the Closing Date, between the Trustee and Deutsche Bank National Trust Company providing for the safekeeping of the Mortgage Files held by Deutsche Bank National Trust Company on behalf of the Trust in accordance with this Agreement.

“Custodian”: The entity acting as custodian of the Mortgage Files on behalf of and for the benefit of the Trustee, which as of the Closing Date shall be Deutsche Bank National Trust Company, with respect to the Mortgage Files it holds on the Closing Date (the “Deutsche Bank Files”). Xxxxx Fargo Bank, N.A. will act as a custodian with respect to certain of the Mortgage Files it holds on the Closing Date and U.S. Bank National Association will act as custodian with respect to certain of the Mortgage Files it holds on the Closing Date.

 


 

“Cut-off Date”: With respect to each Original Mortgage Loan, September 1, 2005. With respect to all Qualified Substitute Mortgage Loans, their respective dates of substitution. References herein to the “Cut-off Date,” when used with respect to more than one Mortgage Loan, shall be to the respective Cut-off Dates for such Mortgage Loans.

“Cut-off Date Principal Balance”: With respect to any Mortgage Loan, the unpaid Stated Principal Balance thereof as of the Cut-off Date of such Mortgage Loan (or as of the applicable date of substitution with respect to a Qualified Substitute Mortgage Loan), after giving effect to scheduled payments due on or before the Cut-off Date, whether or not received.

“Debt Service Reduction”: With respect to any Mortgage Loan, a reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction resulting from a Deficient Valuation.

“Deficient Valuation”: With respect to any Mortgage Loan, a valuation of the related Mortgaged Property by a court of competent jurisdiction in an amount less than the then outstanding principal balance of the Mortgage Loan, which valuation results from a proceeding initiated under the Bankruptcy Code.

“Definitive Certificates”: As defined in Section 5.01(b).

“Deleted Mortgage Loan”: A Mortgage Loan replaced or to be replaced by a Qualified Substitute Mortgage Loan.

“Delinquency Percentage”: As of the last day of the related Due Period, the percentage equivalent of a fraction, the numerator of which is the aggregate Stated Principal Balance of all Mortgage Loans that, as of the last day of the previous calendar month, are 60 or more days delinquent, are in foreclosure, have been converted to REO Properties or have been discharged by reason of bankruptcy and are 60 or more days delinquent, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties as of the last day of the previous calendar month.

“Depositor”: Mortgage Asset Securitization Transactions, Inc., a Delaware corporation, or its successor in interest.

“Depository”: The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository, for purposes of registering those Certificates that are to be Book-Entry Certificates, is CEDE & Co. The Depository shall at all times be a “clearing corporation” as defined in Section 8-102(3) of the Uniform Commercial Code of the State of New York and a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

“Depository Participant”: A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository.

 


 

“Determination Date”: With respect to any Distribution Date, the 15th day of the calendar month in which such Distribution Date occurs or, if such 15th day is not a Business Day, the Business Day immediately preceding such 15th day.

“Directly Operate”: With respect to any REO Property, the furnishing or rendering of services to the tenants thereof, the management or operation of such REO Property, the holding of such REO Property primarily for sale to customers, the performance of any construction work thereon or any use of such REO Property in a trade or business conducted by REMIC I other than through an Independent Contractor; provided, however, that the Trustee (or the Servicer or the Master Servicer on behalf of the Trustee) shall not be considered to Directly Operate an REO Property solely because the Trustee (or the Servicer or the Master Servicer on behalf of the Trustee) establishes rental terms, chooses tenants, enters into or renews leases, deals with taxes and insurance, or makes decisions as to repairs or capital expenditures with respect to such REO Property.

“Disqualified Organization”: Any of the following: (i) the United States, any State or political subdivision thereof, any possession of the United States, or any agency or instrumentality of any of the foregoing (other than an instrumentality which is a corporation if all of its activities are subject to tax and, except for Xxxxxxx Mac, a majority of its board of directors is not selected by such governmental unit), (ii) any foreign government, any international organization, or any agency or instrumentality of any of the foregoing, (iii) any organization (other than certain farmers’ cooperatives described in Section 521 of the Code) which is exempt from the tax imposed by Chapter 1 of the Code (including the tax imposed by Section 511 of the Code on unrelated business taxable income), (iv) rural electric and telephone cooperatives described in Section 1381(a)(2)(C) of the Code, (v) an “electing large partnership” and (vi) any other Person so designated by the Trustee or the Trust Administrator based upon an Opinion of Counsel that the holding of an Ownership Interest in a Residual Certificate by such Person may cause any REMIC or any Person having an Ownership Interest in any Class of Certificates (other than such Person) to incur a liability for any federal tax imposed under the Code that would not otherwise be imposed but for the Transfer of an Ownership Interest in a Residual Certificate to such Person. The terms “United States,” “State” and “international organization” shall have the meanings set forth in Section 7701 of the Code or successor provisions.

“Distribution Account”: The trust account or accounts created and maintained by the Trust Administrator pursuant to Section 3.20 which shall be entitled “Xxxxx Fargo Bank, N.A. as Trust Administrator, in trust for the registered holders of MASTR Asset Backed Securities Trust 2005-HE2, Mortgage Pass-Through Certificates, Series 2005-HE2—Distribution Account,” and which shall be an Eligible Account.

“Distribution Date”: The 25th day of any month, or if such 25th day is not a Business Day, the Business Day immediately following such 25th day, commencing in October 2005.

“Due Date”: With respect to each Distribution Date, the first day of the calendar month in which such Distribution Date occurs, which is generally the day of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive of any days of grace.

 


 

“Due Period”: With respect to any Distribution Date, the period commencing on the second day of the month immediately preceding the month in which such Distribution Date occurs and ending on the related Due Date.

“Eligible Account”: Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the short-term unsecured debt obligations of such holding company) are rated P-1 by Xxxxx’x, F-1 by Fitch or A-1+ by S&P (or comparable ratings if Xxxxx’x, Fitch and S&P are not the Rating Agencies) at the time any amounts are held on deposit therein, (ii) with respect to any Escrow Account, an account or accounts the deposits in which are fully insured by the FDIC (to the limits established by such corporation), the uninsured deposits in which account are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the NIMS Insurer, the Trust Administrator, the Trustee and to each Rating Agency, the Certificateholders will have a claim with respect to the funds in such account or a perfected first priority security interest against such collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution with which such account is maintained, (iii) a trust account or accounts maintained with the trust department of a federal or state chartered depository institution, national banking association or trust company acting in its fiduciary capacity or (iv) an account otherwise acceptable to the NIMS Insurer and to each Rating Agency without reduction or withdrawal of their then current ratings of the Certificates as evidenced by a letter from each Rating Agency to the Trust Administrator, the Trustee and the NIMS Insurer. Eligible Accounts may bear interest.

“ERISA”: The Employee Retirement Income Security Act of 1974, as amended.

“Estate in Real Property”: A fee simple estate in a parcel of land.

“Excess Overcollateralized Amount”: With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date, assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date over (ii) the Overcollateralization Target Amount for such Distribution Date.

“Extra Principal Distribution Amount”: With respect to any Distribution Date, the lesser of (x) the sum of (i) Monthly Interest Distributable Amount payable on the Class CE Certificates on such Distribution Date as reduced by Realized Losses allocated thereto with respect to such Distribution Date pursuant to Section 4.04 and (ii) any amounts received under the Interest Rate Swap Agreement for this purpose and (y) the Overcollateralization Deficiency Amount for such Distribution Date.

“Extraordinary Trust Fund Expense”: Any amounts reimbursable to the Master Servicer pursuant to Section 3.03 or Section 6.03, to the Servicer, the Trustee or the Trust Administrator, or any director, officer, employee or agent of the Trustee or the Trust Administrator from the Trust Fund pursuant to Section 6.03, Section 8.05 or Section 10.01(c)

 


and any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii).

“Xxxxxx Xxx”: Xxxxxx Xxx, formally known as the Federal National Mortgage Association, or any successor thereto.

“FDIC”: Federal Deposit Insurance Corporation or any successor thereto.

“Final Recovery Determination”: With respect to any defaulted Mortgage Loan or any REO Property (other than a Mortgage Loan or REO Property purchased or repurchased by the Originators, the Seller or the Depositor pursuant to or as contemplated by Section 2.03 or Section 9.01), a determination made by the Servicer that all Insurance Proceeds, Liquidation Proceeds and other payments or recoveries which the Servicer, in its reasonable good faith judgment, expects to be finally recoverable in respect thereof have been so recovered. Based on information provided to it by the Servicer, the Master Servicer shall maintain records of each Final Recovery Determination made.

“Fitch”: Fitch Ratings, or its successor in interest.

“Fixed-Rate Mortgage Loan”: Each of the Mortgage Loans identified in the Mortgage Loan Schedule as having a Mortgage Rate that is fixed for the entire term of the Mortgage Loan.

“Fixed Swap Payment”: With respect to any Distribution Date, a fixed amount equal to the related amount set forth in the Interest Rate Swap Agreement.

“Floating Swap Payment”: With respect to any Distribution Date, a floating amount equal to the product of (i) One-Month LIBOR (as determined pursuant to the Interest Rate Swap Agreement for such Distribution Date), (ii) the related Base Calculation Amount (as defined in the Interest Rate Swap Agreement), (iii) 250 and (iv) a fraction, the numerator of which is the actual number of days elapsed from and including the previous Distribution Date to but excluding the current Distribution Date (or, for the first Distribution Date, the actual number of days elapsed from the Closing Date to but excluding the first Distribution Date), and the denominator of which is 360.

“Formula Rate”: For any Distribution Date and the Class A Certificates and the Mezzanine Certificates, the lesser of (i) One-Month LIBOR plus the related Certificate Margin and (ii) the Maximum Cap Rate.

“Xxxxxxx Mac”: Xxxxxxx Mac, formally known as the Federal Home Loan Mortgage Corporation, or any successor thereto.

“Gross Margin”: With respect to each Adjustable-Rate Mortgage Loan, the fixed percentage set forth in the related Mortgage Note that is added to the Index on each Adjustment Date in accordance with the terms of the related Mortgage Note used to determine the Mortgage Rate for such Adjustable-Rate Mortgage Loan.

 


 

“Group I Allocation Percentage”: With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is the Principal Remittance Amount for such Distribution Date.

“Group I Basic Principal Distribution Amount”: With respect to any Distribution Date, the Group I Principal Remittance Amount for such Distribution Date.

“Group I Certificates”: The Class A-1 Certificates.

“Group I Interest Remittance Amount”: With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group I Mortgage Loans.

“Group I Mortgage Loan”: A Mortgage Loan assigned to Loan Group I with a Stated Principal Balance at origination that conforms to Xxxxxx Xxx and Xxxxxxx Mac loan limits.

“Group I Principal Distribution Amount”: With respect to any Distribution Date, the sum of (i) the Group I Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

“Group I Principal Remittance Amount”: With respect to any Distribution Date, the sum of (i) each scheduled payment of principal collected or advanced on the Group I Mortgage Loans by the Servicer that were due during the related Due Period, (ii) the principal portion of all partial and full Principal Prepayments of the Group I Mortgage Loans applied by the Servicer during the related Prepayment Period, (iii) the principal portion of all related Net Liquidation Proceeds, Insurance Proceeds and Subsequent Recoveries received during such Prepayment Period with respect to the Group I Mortgage Loans, (iv) that portion of the Purchase Price, representing principal of any repurchased Group I Mortgage Loan, deposited to the Distribution Account during such Prepayment Period, (v) the principal portion of any related Substitution Adjustment Amounts deposited in the Distribution Account during such Prepayment Period with respect to the Group I Mortgage Loans and (vi) on the Distribution Date on which the Trust Fund is to be terminated pursuant to Section 9.01, that portion of the Termination Price, in respect of principal on the Group I Mortgage Loans.

“Group I Senior Principal Distribution Amount”: The excess of (x) the aggregate Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 58.60% and (ii) the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and

 


unscheduled collections of principal received during the related Prepayment Period) over $1,412,112.94.

“Group II Allocation Percentage”: With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the Group II Principal Remittance Amount for such Distribution Date, and the denominator of which is the Principal Remittance Amount for such Distribution Date.

“Group II Basic Principal Distribution Amount”: With respect to any Distribution Date, the Group II Principal Remittance Amount for such Distribution Date.

“Group II Certificates”: The Class A-2 Certificates, Class A-3 Certificates and Class A-4 Certificates.

“Group II Interest Remittance Amount”: With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

“Group II Mortgage Loan”: A Mortgage Loan assigned to Loan Group II with a Stated Principal Balance at origination that may or may not conform to Xxxxxx Mae and Xxxxxxx Mac loan limits.

“Group II Principal Distribution Amount”: With respect to any Distribution Date, the sum of (i) the Group II Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

“Group II Principal Remittance Amount”: With respect to any Distribution Date, the sum of (i) each scheduled payment of principal collected or advanced on the Group II Mortgage Loans by the Servicer that were due during the related Due Period, (ii) the principal portion of all partial and full Principal Prepayments of the Group II Mortgage Loans applied by the Servicer during the related Prepayment Period, (iii) the principal portion of all related Net Liquidation Proceeds, Insurance Proceeds and Subsequent Recoveries received during such Prepayment Period with respect to the Group II Mortgage Loans, (iv) that portion of the Purchase Price, representing principal of any repurchased Group II Mortgage Loan, deposited to the Distribution Account during such Prepayment Period, (v) the principal portion of any related Substitution Adjustment Amounts deposited in the Distribution Account during such Prepayment Period with respect to the Group II Mortgage Loans and (vi) on the Distribution Date on which the Trust Fund is to be terminated pursuant to Section 9.01, that portion of the Termination Price, in respect of principal on the Group II Mortgage Loans.

“Group II Senior Principal Distribution Amount”: The excess of (x) the aggregate Certificate Principal Balance of the Group II Certificates immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 58.60% and (ii) the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related

 


Prepayment Period) and (B) the excess of the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over $1,288,761.35.

“Highest Priority”: As of any date of determination, the Class of Mezzanine Certificates then outstanding with a Certificate Principal Balance greater than zero, with the highest priority for payments pursuant to Section 4.01, in the following order: Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates.

“Indenture”: An indenture relating to the issuance of notes secured by the Class CE Certificates, the Class P Certificates and/or the Class R Certificates (or any portion thereof) which may or may not be guaranteed by the NIMS Insurer.

“Independent”: When used with respect to any specified Person, any such Person who (a) is in fact independent of the Servicer, the Depositor, the Master Servicer, the Trustee, the Trust Administrator and their respective Affiliates, (b) does not have any direct financial interest in or any material indirect financial interest in the Servicer, the Depositor, the Master Servicer, the Trustee, the Trust Administrator or any Affiliate thereof, and (c) is not connected with the Servicer, the Depositor, the Master Servicer, the Trustee, the Trust Administrator or any Affiliate thereof as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions; provided, however, that a Person shall not fail to be Independent of the Servicer, the Depositor, the Master Servicer, the Trustee, the Trust Administrator or any Affiliate thereof merely because such Person is the beneficial owner of 1% or less of any class of securities issued by the Servicer, the Depositor or the Master Servicer, the Trustee, the Trust Administrator or any Affiliate thereof, as the case may be.

“Independent Contractor”: Either (i) any Person (other than the Servicer or the Master Servicer) that would be an “independent contractor” with respect to REMIC I within the meaning of Section 856(d)(3) of the Code if REMIC I were a real estate investment trust (except that the ownership tests set forth in that section shall be considered to be met by any Person that owns, directly or indirectly, 35% or more of any Class of Certificates), so long as REMIC I does not receive or derive any income from such Person and provided that the relationship between such Person and REMIC I is at arm’s length, all within the meaning of Treasury Regulation Section 1.856-4(b)(5), or (ii) any other Person (including the Servicer and the Master Servicer) if the Trust Administrator has received an Opinion of Counsel for the benefit of the Trustee and the Trust Administrator to the effect that the taking of any action in respect of any REO Property by such Person, subject to any conditions therein specified, that is otherwise herein contemplated to be taken by an Independent Contractor will not cause such REO Property to cease to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code (determined without regard to the exception applicable for purposes of Section 860D(a) of the Code), or cause any income realized in respect of such REO Property to fail to qualify as Rents from Real Property.

 


 

“Index”: With respect to each Adjustable Rate Mortgage Loan and with respect to each related Adjustment Date, the index as specified in the related Mortgage Note.

“Insurance Proceeds”: Proceeds of any title policy, hazard policy or other insurance policy, covering a Mortgage Loan to the extent such proceeds are not to be applied to the restoration of the related Mortgaged Property or released to the Mortgagor in accordance with the procedures followed by the Servicer under the Servicing Agreement, subject to the terms and conditions of the related Mortgage Note and Mortgage.

“Interest Determination Date”: With respect to the Class A Certificates, the Mezzanine Certificates, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11 and any Accrual Period therefor, the second London Business Day preceding the commencement of such Accrual Period.

“Interest Rate Swap Agreement”: The 1992 ISDA Master Agreement (Multicurrency-Cross Border) dated as of September 30, 2005 (together with the schedule thereto, the Master Agreement) between Swiss Re Financial Products Corporation and the Trust Administrator (in its capacity as Supplemental Interest Trust Trustee), an ISDA Credit Support Annex (Bilateral Form-New York Law) as of the same date, which supplements, forms part of, and is subject to the Master Agreement, and a confirmation of the same date, which supplements and forms part of the Master Agreement.

“Late Collections”: With respect to any Mortgage Loan and any Due Period, all amounts received by the Servicer subsequent to the Determination Date immediately following such Due Period, whether as late payments of Monthly Payments or as Insurance Proceeds, Liquidation Proceeds or otherwise, which represent late payments or collections of principal and/or interest due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) but delinquent for such Due Period and not previously recovered.

“Liquidated Mortgage Loan”: As to any Distribution Date, any Mortgage Loan in respect of which the Servicer has determined, in its reasonable judgment, as of the end of the related Prepayment Period, that all Liquidation Proceeds which it expects to recover with respect to the liquidation of the Mortgage Loan or disposition of the related REO Property have been recovered.

“Liquidation Event”: With respect to any Mortgage Loan, any of the following events: (i) such Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made as to such Mortgage Loan; or (iii) such Mortgage Loan is removed from REMIC I by reason of its being purchased, repurchased or replaced pursuant to or as contemplated by Section 2.03 or Section 9.01. With respect to any REO Property, either of the following events: (i) a Final Recovery Determination is made as to such REO Property; or (ii) such REO Property is removed from REMIC I by reason of its being purchased pursuant to Section 9.01.

 


 

“Liquidation Proceeds”: The amount (other than amounts received in respect of the rental of any REO Property prior to REO Disposition) received by the Servicer in connection with (i) the taking of all or a part of a Mortgaged Property by exercise of the power of eminent domain or condemnation, (ii) the liquidation of a defaulted Mortgage Loan through a trustee’s sale, foreclosure sale or otherwise, or (iii) the purchase, repurchase or substitution of a Mortgage Loan or an REO Property pursuant to the Servicing Agreement or pursuant to or as contemplated by Section 2.03 or Section 9.01.

“Loan-to-Value Ratio”: As of any date of determination, the fraction, expressed as a percentage, the numerator of which is the principal balance of the related Mortgage Loan at such date and the denominator of which is the Value of the related Mortgaged Property.

“Loan Group”: Any of Loan Group I or Loan Group II, as the context requires.

“Loan Group I”: The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group I.

“Loan Group II”: The group of Mortgage Loans identified in the Mortgage Loan Schedule as having been assigned to Loan Group II.

“London Business Day”: Any day on which banks in the City of London and New York are open and conducting transactions in United States dollars.

“Loss Severity Percentage”: With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the amount of Realized Losses incurred on a Mortgage Loan and the denominator of which is the principal balance of such Mortgage Loan immediately prior to the liquidation of such Mortgage Loan.

“Marker Rate”: With respect to the Class CE Interest and any Distribution Date, a per annum rate equal to two (2) times the weighted average of the REMIC II Remittance Rate for each of REMIC II Regular Interests XX-XXX0, XX-XXX0, XX-XXX0, XX-XXX0, II-LTM1, II-LTM2, II-LTM3, II-LTM4, II-LTM5, II-LTM6, II-LTM7, II-LTM8, II-LTM9, II-LTM10, II-LTM11 and II-LTZZ, with the rate on each such REMIC II Regular Interest (other than REMIC II Regular Interest II-LTZZ) subject to a cap equal to the lesser of (a) One-Month LIBOR plus the related margin and (b) the related Net WAC Rate for the purpose of this calculation and with the rate on REMIC II Regular Interest II-LTZZ subject to a cap of zero for the purpose of this calculation; provided, however, that solely for this purpose, calculations of the REMIC II Remittance Rate and the related caps with respect to such REMIC II Regular Interests (other than REMIC II Regular Interest II-LTZZ) shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period.

“Master Servicer”: As of the Closing Date, Xxxxx Fargo Bank, N.A. and thereafter, its respective successors in interest who meet the qualifications of the Master Servicer under this Agreement. The Master Servicer and the Trust Administrator shall at all times be the same Person.

 


 

“Master Servicer Certification”: A written certification, substantially in the form attached hereto as Exhibit J-1, covering servicing of the Mortgage Loans by the Servicer and signed by an officer of the Master Servicer that complies with (i) the Xxxxxxxx-Xxxxx Act of 2002, as amended from time to time, and (ii) the February 21, 2003 Statement by the Staff of the Division of Corporation Finance of the Securities and Exchange Commission Regarding Compliance by Asset-Backed Issuers with Exchange Act Rules 13a-14 and 15d-14, as in effect from time to time; provided that if, after the Closing Date (a) the Xxxxxxxx-Xxxxx Act of 2002 is amended, (b) the Statement referred to in clause (ii) is modified or superceded by any subsequent statement, rule or regulation of the Securities and Exchange Commission or any statement of a division thereof, or (c) any future releases, rules and regulations are published by the Securities and Exchange Commission from time to time pursuant to the Xxxxxxxx-Xxxxx Act of 2002, which in any such case affects the form or substance of the required certification and results in the required certification being, in the reasonable judgment of the Master Servicer, materially more onerous than the form of the required certification as of the Closing Date, the Master Servicer Certification shall be as agreed to by the Master Servicer and the Depositor following a negotiation in good faith to determine how to comply with any such new requirements.

“Master Servicer Event of Termination”: One or more of the events described in Section 7.01.

“Master Servicing Compensation”: The meaning specified in Section 3.14.

“Maximum Cap Rate”: For any Distribution Date with respect to the Group I Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Adjusted Net Maximum Mortgage Rates of the Group I Mortgage Loans, weighted based on their outstanding Stated Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12 minus (a) an amount, expressed as a percentage, equal to the product of (i) the Net Swap Payment, if any, paid by the Trust for such Distribution Date divided by the aggregate Stated Principal Balance of the Mortgage Loans and (ii) 12 and (b) an amount, expressed as a percentage, equal to the product of (x) the Swap Termination Payment, if any, due from the Trust (other than any Swap Termination Payment resulting from a Swap Provider Trigger Event) for such Distribution Date and (y) 12, divided by the aggregate Stated Principal Balance of the Mortgage Loans.

For any Distribution Date with respect to the Group II Certificates, a per annum rate equal to the sum of (i) the product of (x) the weighted average of the Adjusted Net Maximum Mortgage Rates of the Group II Mortgage Loans, weighted based on their outstanding Stated Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period and (ii) an amount, expressed as a percentage, equal to a fraction, the numerator of which is equal to the Net Swap Payment made by the Swap Provider and the denominator of which is equal to the aggregate Stated Principal Balance of the Mortgage Loans, multiplied by 12 minus (a) an amount,

 


expressed as a percentage, equal to the product of (i) the Net Swap Payment, if any, paid by the Trust for such Distribution Date divided by the aggregate Stated Principal Balance of the Mortgage Loans and (ii) 12 and (b) an amount, expressed as a percentage, equal to the product of (x) the Swap Termination Payment, if any, due from the Trust (other than any Swap Termination Payment resulting from a Swap Provider Trigger Event) for such Distribution Date and (y) 12, divided by the aggregate Stated Principal Balance of the Mortgage Loans.

For any Distribution Date with respect to the Mezzanine Certificates, a per annum rate equal to the product of (x) the weighted average (weighted on the basis of the results of subtracting from the aggregate Stated Principal Balance of the applicable Loan Group, the current Certificate Principal Balance of the related Class A Certificates) of the Maximum Cap Rate for the Group I Certificates and the Maximum Cap Rate for the Group II Certificates and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period.

“Maximum II-LTZZ Uncertificated Interest Deferral Amount”: With respect to any Distribution Date, the excess of (i) accrued interest at the REMIC II Remittance Rate applicable to REMIC II Regular Interest II-LTZZ for such Distribution Date on a balance equal to the Uncertificated Balance of REMIC II Regular Interest II-LTZZ minus the REMIC II Overcollateralization Amount, in each case for such Distribution Date, over (ii) Uncertificated Interest on REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11 for such Distribution Date, with the rate on each such REMIC II Regular Interest subject to a cap equal to the lesser of (a) One-Month LIBOR plus the related Certificate Margin and (b) the related Net WAC Rate; provided, however, each cap shall be multiplied by a fraction, the numerator of which is the actual number of days elapsed in the related Accrual Period and the denominator of which is 30.

“Maximum Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Mortgage Rate thereunder.

“MERS”: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

“MERS® System”: The system of recording transfers of Mortgages electronically maintained by MERS.

“Mezzanine Certificate”: Any Class M-1 Certificate, Class M-2 Certificate, Class M-3 Certificate, Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificate, Class M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates, Class M-10 Certificates or Class M-11 Certificates.

 


 

“MIN”: The Mortgage Identification Number for Mortgage Loans registered with MERS on the MERS® System.

“Minimum Mortgage Rate”: With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

“MOM Loan”: With respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof.

“Monthly Interest Distributable Amount”: With respect to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates and any Distribution Date, the amount of interest accrued during the related Accrual Period at the related Pass-Through Rate on the Certificate Principal Balance (or Notional Amount in the case of the Class CE Certificates) of such Class immediately prior to such Distribution Date, reduced (to not less than zero) by any Prepayment Interest Shortfalls (to the extent not covered by payments made by the Servicer or the Master Servicer) and Relief Act Interest Shortfalls (allocated to such Certificate based on its respective entitlements to interest irrespective of any Prepayment Interest Shortfalls and Relief Act Interest Shortfalls for such Distribution Date).

“Monthly Payment”: With respect to any Mortgage Loan, the scheduled monthly payment of principal and interest on such Mortgage Loan which is payable by the related Mortgagor from time to time under the related Mortgage Note, determined: (a) after giving effect to (i) any Deficient Valuation and/or Debt Service Reduction with respect to such Mortgage Loan and (ii) any reduction in the amount of interest collectible from the related Mortgagor pursuant to the Relief Act; (b) except as provided in the Servicing Agreement, without giving effect to any extension granted or agreed to by the Servicer pursuant to the Servicing Agreement and (c) except as provided in the Servicing Agreement, on the assumption that all other amounts, if any, due under such Mortgage Loan are paid when due.

“Monthly Statement”: The statement prepared by the Trust Administrator pursuant to Section 4.02.

“Moody’s”: Xxxxx’x Investors Service, Inc. or its successor in interest.

“Mortgage”: The mortgage, deed of trust or other instrument creating a first or second lien on, or first or second priority security interest in, a Mortgaged Property securing a Mortgage Note.

“Mortgage File”: The mortgage documents listed in Section 2.01 pertaining to a particular Mortgage Loan and any additional documents required to be added to the Mortgage File pursuant to this Agreement. Mortgage File shall include the Deutsche Bank Files.

“Mortgage Loan”: Each mortgage loan transferred and assigned to the Trustee and delivered to the Trustee pursuant to Section 2.01 or Section 2.03(b) of this Agreement, as

 


held from time to time as a part of the Trust, the Mortgage Loans so held being identified in the Mortgage Loan Schedule.

“Mortgage Loan Purchase Agreement”: The agreement between the Seller and the Depositor, regarding the sale of the Mortgage Loans by the Seller to the Depositor, substantially in the form of Exhibit D-2 annexed hereto.

“Mortgage Loan Schedule”: As of any date, the list of Mortgage Loans included in REMIC I on such date, attached hereto as Schedule 1. The Mortgage Loan Schedule shall set forth the following information with respect to each Mortgage Loan:

 

(i)

the Mortgage Loan identifying number;

 

 

(ii)

[reserved];

 

 

(iii)

the state and zip code of the Mortgaged Property;

(iv)         a code indicating whether the Mortgaged Property was represented by the borrower, at the time of origination, as being owner-occupied;

 

(v)

the type of Residential Dwelling constituting the Mortgaged Property;

 

(vi)

the original months to maturity;

 

(vii)       the stated remaining months to maturity from the Cut-off Date based on the original amortization schedule;

 

(viii)

the Loan-to-Value Ratio at origination;

 

 

(ix)

the Mortgage Rate in effect immediately following the Cut-off Date;

(x)          the date on which the first Monthly Payment was due on the Mortgage Loan;

 

(xi)

the stated maturity date;

 

 

(xii)

the amount of the Monthly Payment at origination;

(xiii)      the amount of the Monthly Payment due on the first Due Date after the Cut-off Date;

(xiv)      the last Due Date on which a Monthly Payment was actually applied to the unpaid Stated Principal Balance;

 

(xv)

the original principal amount of the Mortgage Loan;

(xvi)      the Stated Principal Balance of the Mortgage Loan as of the close of business on the Cut-off Date;

 


 

(xvii)     a code indicating the purpose of the Mortgage Loan (i.e., purchase financing, rate/term refinancing, cash-out refinancing);

 

(xviii)

the Mortgage Rate at origination;

(xix)      a code indicating the documentation program (i.e., full documentation, limited documentation, stated income documentation);

 

(xx)

the risk grade;

 

 

(xxi)

the Value of the Mortgaged Property;

 

 

(xxii)

the sale price of the Mortgaged Property, if applicable;

(xxiii)    the actual unpaid principal balance of the Mortgage Loan as of the Cut-off Date;

 

(xxiv)

the type and term of the related Prepayment Charge;

 

 

(xxv)

the rounding code;

 

 

(xxvi)

the program code;

 

 

(xxvii)

a code indicating the lien priority for Mortgage Loans;

(xxviii)    with respect to each Adjustable Rate Mortgage Loan, the Minimum Mortgage Rate, the Maximum Mortgage Rate, the Gross Margin, the next Adjustment Date and the Periodic Rate Cap;

 

(xxix)

the credit score (“FICO”) of such Mortgage Loan; and

 

 

(xxx)

the total amount of points and fees charged such Mortgage Loan.

The Mortgage Loan Schedule shall set forth the following information with respect to the Mortgage Loans in the aggregate and for each Loan Group as of the Cut-off Date: (1) the number of Mortgage Loans (separately identifying the number of Fixed-Rate Mortgage Loans and the number of Adjustable-Rate Mortgage Loans); (2) the current Stated Principal Balance of the Mortgage Loans; (3) the weighted average Mortgage Rate of the Mortgage Loans and (4) the weighted average maturity of the Mortgage Loans. The Mortgage Loan Schedule shall be amended from time to time by the Depositor in accordance with the provisions of this Agreement. With respect to any Qualified Substitute Mortgage Loan, the Cut-off Date shall refer to the related Cut-off Date for such Mortgage Loan, determined in accordance with the definition of Cut-off Date herein.

“Mortgage Note”: The original executed note or other evidence of the indebtedness of a Mortgagor under a Mortgage Loan.

 


 

“Mortgage Pool”: The pool of Mortgage Loans, identified on Schedule 1 and existing from time to time thereafter, and any REO Properties acquired in respect thereof.

“Mortgage Rate”: With respect to each Mortgage Loan, the annual rate at which interest accrues on such Mortgage Loan from time to time in accordance with the provisions of the related Mortgage Note, which rate with respect to the Adjustable-Rate Mortgage Loans, (A) as of any date of determination until the first Adjustment Date following the Cut-off Date shall be the rate set forth in the Mortgage Loan Schedule as the Mortgage Rate in effect immediately following the Cut-off Date and (B) as of any date of determination thereafter shall be the rate as adjusted on the most recent Adjustment Date equal to the sum, rounded to the nearest or next highest 0.125% as provided in the Mortgage Note, of the Index, as most recently available as of a date prior to the Adjustment Date as set forth in the related Mortgage Note, plus the related Gross Margin; provided that the Mortgage Rate on such Adjustable-Rate Mortgage Loan on any Adjustment Date shall never be more than the lesser of (i) the sum of the Mortgage Rate in effect immediately prior to the Adjustment Date plus the related Periodic Rate Cap, if any, and (ii) the related Maximum Mortgage Rate, and shall never be less than the greater of (i) the Mortgage Rate in effect immediately prior to the Adjustment Date less the Periodic Rate Cap, if any, and (ii) the related Minimum Mortgage Rate. With respect to each Mortgage Loan that becomes an REO Property, as of any date of determination, the annual rate determined in accordance with the immediately preceding sentence as of the date such Mortgage Loan became an REO Property.

“Mortgaged Property”: The underlying property securing a Mortgage Loan, including any REO Property, consisting of an Estate in Real Property improved by a Residential Dwelling.

“Mortgagor”: The obligor on a Mortgage Note.

“Net Liquidation Proceeds”: With respect to any Liquidated Mortgage Loan or any other disposition of the related Mortgaged Property (including REO Property) the related Liquidation Proceeds and Insurance Proceeds net of Advances, Servicing Advances, Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.

“Net Monthly Excess Cashflow”: With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

“Net Mortgage Rate”: With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate.

“Net Swap Payment”: In the case of payments made by the Trust, the excess, if any, of (x) the Fixed Swap Payment over (y) the Floating Swap Payment and in the case of

 


payments made by the Swap Provider, the excess, if any, of (x) the Floating Swap Payment over (y) the Fixed Swap Payment. In each case, the Net Swap Payment shall not be less than zero.

“Net WAC Rate”: For any Distribution Date with respect to the Group I Certificates, a per annum rate equal to the product of (x) the weighted average of the Adjusted Net Mortgage Rates of the Group I Mortgage Loans, weighted based on their outstanding Stated Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period minus (i) an amount, expressed as a percentage, equal to the product of (x) the Net Swap Payment, if any, paid by the Trust for such Distribution Date divided by the aggregate Stated Principal Balance of the Mortgage Loans and (y) 12 and (ii) an amount, expressed as a percentage, equal to the product of (x) the Swap Termination Payment, if any, due from the Trust (other than any Swap Termination Payment resulting from a Swap Provider Trigger Event) for such Distribution Date and (y) 12. With respect to any Distribution Date and the REMIC III Regular Interests the ownership of which is represented by the Group I Certificates, the weighted average (adjusted for the actual number of days elapsed in the related Accrual Period) of the REMIC II Remittance Rate on REMIC II Regular Interest II-LT1GRP, weighted on the basis of the Uncertificated Principal Balance of such REMIC II Regular Interest immediately prior to such Distribution Date.

For any Distribution Date with respect to the Group II Certificates, a per annum rate equal to the product of (x) the weighted average of the Adjusted Net Mortgage Rates of the Group II Mortgage Loans, weighted based on their outstanding Stated Principal Balances as of the first day of the calendar month preceding the month in which the Distribution Date occurs and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Accrual Period minus (i) an amount, expressed as a percentage, equal to the product of (x) the Net Swap Payment, if any, paid by the Trust for such Distribution Date divided by the aggregate Stated Principal Balance of the Mortgage Loans and (y) 12 and (ii) an amount, expressed as a percentage, equal to the product of (x) the Swap Termination Payment, if any, due from the Trust (other than any Swap Termination Payment resulting from a Swap Provider Trigger Event) for such Distribution Date and (y) 12. With respect to any Distribution Date and the REMIC III Regular Interests the ownership of which is represented by the Group II Certificates, the weighted average (adjusted for the actual number of days elapsed in the related Accrual Period) of the REMIC II Remittance Rate on REMIC II Regular Interest II-LT2GRP, weighted on the basis of the Uncertificated Principal Balance of such REMIC II Regular Interest immediately prior to such Distribution Date.

For any Distribution Date with respect to the Mezzanine Certificates, a per annum rate (subject to adjustment based on the actual number of days elapsed in the related Interest Accrual Period) equal to the weighted average (weighted on the basis of the results of subtracting from the aggregate Stated Principal Balance of each Loan Group the current aggregate Certificate Principal Balance of the related Class A Certificates) of the Net WAC Pass-Through Rate for the Group I Certificates and the Net WAC Pass-Through Rate for the Group II Certificates. With respect to any Distribution Date and the REMIC II Regular Interests the ownership of which is represented by the Mezzanine Certificates, a per annum rate equal to the weighted average (adjusted for the actual number of days elapsed in the related Accrual Period)

 


 

 

 

 

of the REMIC II Remittance Rates on (a) REMIC II Regular Interest II-LT1SUB, subject to a cap and a floor equal to the REMIC II Remittance Rate on REMIC II Regular Interest II-LT1GRP and (b) REMIC II Regular Interest II-LT2SUB, subject to a cap and a floor equal to the REMIC II Remittance Rate on REMIC II Regular Interest II-LT2GRP, in each case as determined for such Distribution Date, weighted on the basis of the Uncertificated Principal Balance of each such REMIC II Regular Interest immediately prior to such Distribution Date.

“Net WAC Rate Carryover Amount”: With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the sum of (A) the positive excess of (i) the amount of interest accrued on such Class of Certificates on such Distribution Date calculated at the related Formula Rate, over (ii) the amount of interest accrued on such Class of Certificates at the related Net WAC Rate for such Distribution Date and (B) the Net WAC Rate Carryover Amount for the previous Distribution Date not previously paid, together with interest thereon at a rate equal to the Formula Rate for such Class of Certificates for such Distribution Date and for such Accrual Period.

“Net WAC Rate Carryover Reserve Account”: The account established and maintained pursuant to Section 4.07.

“New Lease”: Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.

“NIMS Insurer”: Any insurer that is guaranteeing certain payments under notes secured by collateral which includes all or a portion of the Class CE Certificates, the Class P Certificates and/or the Class R Certificates.

“Nonrecoverable Advance”: Any Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Servicer or the Master Servicer, as applicable, will not or, in the case of a proposed Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.

“Nonrecoverable Servicing Advance”: Any Servicing Advance previously made or proposed to be made in respect of a Mortgage Loan or REO Property that, in the good faith business judgment of the Servicer, will not or, in the case of a proposed Servicing Advance, would not be ultimately recoverable from related Late Collections, Insurance Proceeds or Liquidation Proceeds on such Mortgage Loan or REO Property as provided herein.

“Non-United States Person”: Any Person other than a United States Person.

“Notional Amount”: With respect to the Class CE Interest and any Distribution Date, the aggregate Uncertificated Balance of the REMIC II Regular Interests (other than REMIC II Regular Interest II-LTP) for such Distribution Date.

“Officer’s Certificate”: A certificate signed by the Chairman of the Board, the Vice Chairman of the Board, the President or a vice president (however denominated), and by

 


the Treasurer, the Secretary, or one of the assistant treasurers or assistant secretaries of the Master Servicer, the Originators, the Seller or the Depositor, as applicable.

“One-Month LIBOR”: With respect to the Class A Certificates, the Mezzanine Certificates, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11 and any Accrual Period therefor, the rate determined by the Trust Administrator on the related Interest Determination Date on the basis of the offered rate for one-month U.S. dollar deposits, as such rate appears on Telerate Page 3750 as of 11:00 a.m. (London time) on such Interest Determination Date; provided that if such rate does not appear on Telerate Page 3750, the rate for such date will be determined on the basis of the offered rates of the Reference Banks for one-month U.S. dollar deposits, as of 11:00 a.m. (London time) on such Interest Determination Date. In such event, the Trust Administrator will request the principal London office of each of the Reference Banks to provide a quotation of its rate. If on such Interest Determination Date, two or more Reference Banks provide such offered quotations, One-Month LIBOR for the related Accrual Period shall be the arithmetic mean of such offered quotations (rounded upwards if necessary to the nearest whole multiple of 1/16%). If on such Interest Determination Date, fewer than two Reference Banks provide such offered quotations, One-Month LIBOR for the related Accrual Period shall be the higher of (i) One-Month LIBOR as determined on the previous Interest Determination Date and (ii) the Reserve Interest Rate. Notwithstanding the foregoing, if, under the priorities described above, One-Month LIBOR for an Interest Determination Date would be based on One-Month LIBOR for the previous Interest Determination Date for the third consecutive Interest Determination Date, the Trust Administrator shall select, after consultation with the NIMS Insurer, an alternative comparable index (over which the Trust Administrator has no control), used for determining one-month Eurodollar lending rates that is calculated and published (or otherwise made available) by an independent party.

“Opinion of Counsel”: A written opinion of counsel, who may, without limitation, be salaried counsel for the Depositor, the Seller, the Servicer or the Master Servicer, acceptable to the Trustee, if such opinion is delivered to the Trustee, or acceptable to the Trust Administrator, if such opinion is delivered to the Trust Administrator, except that any opinion of counsel relating to (a) the qualification of any Trust REMIC as a REMIC or (b) compliance with the REMIC Provisions must be an opinion of Independent counsel.

“Original Mortgage Loan”: Any of the Mortgage Loans included in REMIC I as of the Closing Date.

“Originator Master Agreement”: Each Master Mortgage Loan Purchase and Interim Servicing Agreement between the Seller and the related Originator (which agreement has been assigned to the Depositor and modified pursuant to the Assignment Agreement.)

 


 

“Originators”: Equity Financial Group, First Street Financial, Inc., Greenlight Financial Services, Inc., Lancaster Mortgage Bankers, MILA, Inc., New Century Mortgage Corporation, Novelle Financial Services, Inc. and National City Mortgage Corp.

“Overcollateralization Deficiency Amount”: With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (after giving effect to distributions in respect of the Group I Basic Principal Distribution Amount and the Group II Basic Principal Distribution Amount on such Distribution Date).

“Overcollateralization Release Amount”: With respect to any Distribution Date, the lesser of (x) the Principal Remittance Amount for such Distribution Date and (y) the Excess Overcollateralized Amount.

“Overcollateralization Target Amount”: With respect to any Distribution Date, (i) approximately 1.25% of the Cut-off Date Principal Balance of the Mortgage Loans, (ii) on or after the Stepdown Date provided a Trigger Event is not in effect, the greater of (x) approximately 2.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and (y) an amount equal to approximately 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, or (iii) on or after the Stepdown Date if a Trigger Event is in effect, the Overcollateralization Target Amount for the immediately preceding Distribution Date.

“Overcollateralized Amount”: For any Distribution Date, the amount equal to (i) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) as of the related Determination Date minus (ii) the sum of the aggregate Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class P Certificates as of such Distribution Date after giving effect to distributions to be made on such Distribution Date.

“Ownership Interest”: As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee.

“Pass-Through Rate”: With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

With respect to the Class CE Interest and any Distribution Date, a rate per annum equal to the percentage equivalent of a fraction, the numerator of which is (x) the sum of (i) 100% of the interest on REMIC II Regular Interest II-LTP and (ii) interest on the Uncertificated Balance of each REMIC II Regular Interest listed in clause (y) at a rate equal to the related

 


REMIC II Remittance Rate minus the Marker Rate and the denominator of which is (y) the aggregate Uncertificated Balance of REMIC II Regular Interests XX-XXXX, XX-XXX0, XX-XXX0, XX-XXX0, XX-XXX0, II-LTM1, II-LTM2, II-LTM3, II-LTM4, II-LTM5, II-LTM6, II-LTM7, II-LTM8, II-LTM9, II-LTM10, II-LTM11 and II-LTZZ.

With respect to the Class CE Certificates, 100% of the interest distributable to the Class CE Interest, expressed as a per annum rate.

With respect to the Class SWAP-IO Interest, the Class SWAP-IO Interest shall not have a Pass-Through Rate, but interest for such Regular Interest and each Distribution Date shall be an amount equal to 100% of the amounts distributable to REMIC II Regular Interest II-LTIO for such Distribution Date.

“Percentage Interest”: With respect to any Class of Certificates (other than the Residual Certificates), the undivided percentage ownership in such Class evidenced by such Certificate, expressed as a percentage, the numerator of which is the initial Certificate Principal Balance or Notional Amount represented by such Certificate and the denominator of which is the aggregate initial Certificate Principal Balance or Notional Amount of all of the Certificates of such Class. The Class A Certificates and the Mezzanine Certificates are issuable only in minimum Percentage Interests corresponding to minimum initial Certificate Principal Balances of $25,000 and integral multiples of $1.00 in excess thereof. The Class P Certificates are issuable only in Percentage Interests corresponding to initial Certificate Principal Balances of $20 and integral multiples thereof. The Class CE Certificates are issuable only in minimum Percentage Interests corresponding to minimum initial Certificate Principal Balances of $10,000 and integral multiples of $1.00 in excess thereof; provided, however, that a single Certificate of each such Class of Certificates may be issued having a Percentage Interest corresponding to the remainder of the aggregate initial Certificate Principal Balance or Notional Amount of such Class or to an otherwise authorized denomination for such Class plus such remainder. With respect to any Residual Certificate, the undivided percentage ownership in such Class evidenced by such Certificate, as set forth on the face of such Certificate. The Residual Certificates are issuable in Percentage Interests of 20% and multiples thereof.

“Periodic Rate Cap”: With respect to each Adjustable-Rate Mortgage Loan and any Adjustment Date therefor, the fixed percentage set forth in the related Mortgage Note, which is the maximum amount by which the Mortgage Rate for such Mortgage Loan may increase or decrease (without regard to the Maximum Mortgage Rate or the Minimum Mortgage Rate) on such Adjustment Date (other than the first Adjustment Date) from the Mortgage Rate in effect immediately prior to such Adjustment Date.

 


 

“Permitted Investments”: Any one or more of the following obligations or securities acquired at a purchase price of not greater than par, regardless of whether issued or managed by the Depositor, the Servicer, the Master Servicer, the NIMS Insurer, the Trustee, the Trust Administrator or any of their respective Affiliates or for which an Affiliate of the NIMS Insurer, the Trustee or the Trust Administrator serves as an advisor:

(1)       direct obligations of, or obligations fully guaranteed as to timely payment of principal and interest by, the United States or any agency or instrumentality thereof, provided such obligations are backed by the full faith and credit of the United States;

(2)       (A) demand and time deposits in, certificates of deposit of, bankers’ acceptances issued by or federal funds sold by any depository institution or trust company (including the Trustee or its agent acting in their respective commercial capacities) incorporated under the laws of the United States of America or any state thereof and subject to supervision and examination by federal and/or state authorities, so long as, at the time of such investment or contractual commitment providing for such investment, such depository institution or trust company (or, if the only Rating Agency is S&P, in the case of the principal depository institution in a depository institution holding company, debt obligations of the depository institution holding company) or its ultimate parent has a short-term uninsured debt rating in the highest available rating category of Xxxxx’x, Fitch and S&P and provided that each such investment has an original maturity of no more than 365 days; and provided further that, if the only Rating Agency is S&P and if the depository or trust company is a principal subsidiary of a bank holding company and the debt obligations of such subsidiary are not separately rated, the applicable rating shall be that of the bank holding company; and, provided further that, if the original maturity of such short-term obligations of a domestic branch of a foreign depository institution or trust company shall exceed 30 days, the short-term rating of such institution shall be A-1+ in the case of S&P if S&P is the Rating Agency; and (B) any other demand or time deposit or deposit which is fully insured by the FDIC;

(3)       repurchase obligations with a term not to exceed 30 days with respect to any security described in clause (i) above and entered into with a depository institution or trust company (acting as principal) rated A-1+ or higher by S&P, F-1+ or higher by Fitch and A2 or higher by Xxxxx’x, provided, however, that collateral transferred pursuant to such repurchase obligation must be of the type described in clause (i) above and must (A) be valued daily at current market prices plus accrued interest, (B) pursuant to such valuation, be equal, at all times, to 105% of the cash transferred by the Trustee in exchange for such collateral and (C) be delivered to the Trustee or, if the Trustee is supplying the collateral, an agent for the Trustee, in such a manner as to accomplish perfection of a security interest in the collateral by possession of certificated securities;

(4)       securities bearing interest or sold at a discount that are issued by any corporation incorporated under the laws of the United States of America or any State thereof and that are rated by a Rating Agency in its highest long-term unsecured rating category at the time of such investment or contractual commitment providing for such investment;

 


 

(5)       commercial paper (including both non-interest-bearing discount obligations and interest-bearing obligations payable on demand or on a specified date not more than 30 days after the date of acquisition thereof) that is rated by a Rating Agency in its highest short-term unsecured debt rating available at the time of such investment;

(6)       units of money market funds, including those managed or advised by the Trust Administrator or its Affiliates, that have been rated “AAA” by S&P, “AAA” by Fitch (if so rated by Fitch) and “Aaa” by Xxxxx’x; and

(7)       if previously confirmed in writing to the Trustee and the Trust Administrator and consented to by the NIMS Insurer, any other demand, money market or time deposit, or any other obligation, security or investment, as may be acceptable to the Rating Agencies in writing as a permitted investment of funds backing securities having ratings equivalent to its highest initial rating of the Class A Certificates;

provided, that no instrument described hereunder shall evidence either the right to receive (a) only interest with respect to the obligations underlying such instrument or (b) both principal and interest payments derived from obligations underlying such instrument and the interest and principal payments with respect to such instrument provide a yield to maturity at par greater than 120% of the yield to maturity at par of the underlying obligations.

“Permitted Transferee”: Any Transferee of a Residual Certificate other than a Disqualified Organization or Non-United States Person.

“Person”: Any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.

“Plan”: Any employee benefit plan or certain other retirement plans and arrangements, including individual retirement accounts and annuities, Xxxxx plans and bank collective investment funds and insurance company general or separate accounts in which such plans, accounts or arrangements are invested, that are subject to ERISA or Section 4975 of the Code.

“Prepayment Assumption”: As defined in the Prospectus Supplement.

“Prepayment Charge”: With respect to any Prepayment Period, any prepayment premium, fee, penalty or charge payable by a Mortgagor in connection with any full or partial Principal Prepayment on a Mortgage Loan pursuant to the terms of the related Mortgage Note.

“Prepayment Charge Schedule”: As of any date, the list of Prepayment Charges on the Mortgage Loans included in REMIC I on such date, attached hereto as Schedule 2 (including the Prepayment Charge Summary attached thereto). The Prepayment Charge Schedule shall set forth the following information with respect to each related Mortgage Loan:

(1)

the Mortgage Loan identifying number;

 

(2)

a code indicating the type of Prepayment Charge;

 

 


 

(3)

the state of origination of the related Mortgage Loan;

(4)           the date on which the first monthly payment was due on the related Mortgage Loan;

(5)

the term of the related Mortgage Loan; and

(6)           the Stated Principal Balance of the related Mortgage Loan as of the Cut-off Date.

The Prepayment Charge Schedule shall be amended from time to time by the Depositor in accordance with the provisions of this Agreement and a copy of such amended Prepayment Charge Schedule shall be furnished by the Depositor to the NIMS Insurer.

“Prepayment Interest Shortfall”: With respect to any Distribution Date and each Mortgage Loan that was the subject of a Principal Prepayment during the portion of the related Prepayment Period occurring between the first day of the related Prepayment Period and the last day of the calendar month preceding the month in which such Distribution Date occurs, an amount equal to interest on the Mortgage Loan at the applicable Mortgage Rate on the amount of such Principal Prepayment for the number of days commencing on the date such Principal Prepayment was applied and ending on the last day of the calendar month preceding the month in which such Distribution Date occurs.

“Prepayment Period”: With respect to each Distribution Date and any Principal Prepayment in full, the period commencing on the 16th day of the calendar month preceding the calendar month in which such Distribution Date occurs (or, in the case of the first Distribution Date, commencing on September 1, 2005) and ending on the 15th day of the calendar month in which such Distribution Date occurs and for any Distribution Date and any Principal Prepayment in part, is the calendar month preceding the month in which such Distribution Date occurs.

“Principal Balance”: As to any Mortgage Loan other than a Liquidated Mortgage Loan, and any day, the related Cut-off Date Principal Balance, minus all collections credited against the Cut-off Date Principal Balance of any such Mortgage Loan. For purposes of this definition, a Liquidated Mortgage Loan shall be deemed to have a Principal Balance equal to the Principal Balance of the related Mortgage Loan as of the final recovery of related Liquidation Proceeds and a Principal Balance of zero thereafter. As to any REO Property and any day, the Principal Balance of the related Mortgage Loan immediately prior to such Mortgage Loan becoming REO Property minus any REO Principal Amortization received with respect thereto on or prior to such day.

“Principal Prepayment”: Any payment of principal made by the Mortgagor on a Mortgage Loan which is received in advance of its scheduled Due Date and which is not accompanied by an amount of interest representing the full amount of scheduled interest due on any Due Date in any month or months subsequent to the month of prepayment.

“Principal Remittance Amount”: With respect to any Distribution Date, the sum of the Group I Principal Remittance Amount and the Group II Principal Remittance Amount.

 


 

“Prospectus Supplement”: That certain Prospectus Supplement dated September 28, 2005 relating to the public offering of the Class A Certificates and the Mezzanine Certificates (other than the Class M-11 Certificates).

“Purchase Price”: With respect to any Mortgage Loan or REO Property to be purchased pursuant to or as contemplated by Section 2.03 or Section 9.01, and as confirmed by an Officer’s Certificate from the Servicer to the Trustee an amount equal to the sum of (i) 100% of the Stated Principal Balance thereof as of the date of purchase (or such other price as provided in Section 9.01), (ii) in the case of (x) a Mortgage Loan, accrued interest on such Stated Principal Balance at the applicable Net Mortgage Rate in effect from time to time from the Due Date as to which interest was last covered by a payment by the Mortgagor or an advance by the Servicer, which payment or advance had as of the date of purchase been distributed pursuant to Section 4.01, through the end of the calendar month in which the purchase is to be effected and (y) an REO Property, the sum of (1) accrued interest on such Stated Principal Balance at the applicable Net Mortgage Rate in effect from time to time from the Due Date as to which interest was last covered by a payment by the Mortgagor or an advance by the Servicer through the end of the calendar month immediately preceding the calendar month in which such REO Property was acquired, plus (2) REO Imputed Interest for such REO Property for each calendar month commencing with the calendar month in which such REO Property was acquired and ending with the calendar month in which such purchase is to be effected, net of the total of all net rental income, Insurance Proceeds, Liquidation Proceeds and Advances that as of the date of purchase had been distributed as or to cover REO Imputed Interest pursuant to Section 4.01, (iii) any unreimbursed Servicing Advances and Advances (including Nonrecoverable Advances and Nonrecoverable Servicing Advances) and any unpaid Servicing Fees allocable to such Mortgage Loan or REO Property, (iv) any amounts previously withdrawn from the Custodial Account or the Distribution Account in respect of such Mortgage Loan or REO Property, and (v) in the case of a Mortgage Loan required to be purchased pursuant to Section 2.03, expenses reasonably incurred or to be incurred by the Servicer, the Master Servicer, the NIMS Insurer, the Trust Administrator or the Trustee in respect of the breach or defect giving rise to the purchase obligation including any costs and damages incurred by the Trust in connection with any violation by such loan of any predatory or abusive lending law. With respect to each Originator and any Mortgage Loan or REO Property to be purchased pursuant to or as contemplated by Section 2.03 or 10.01, and as confirmed by a certificate of a Servicing Officer to the Trustee and the Master Servicer, an amount equal to the amount set forth pursuant to the terms of the Servicing Agreement.

“Qualified Substitute Mortgage Loan”: With respect to the Seller, a mortgage loan substituted for a Deleted Mortgage Loan pursuant to the terms of this Agreement which must, on the date of such substitution, (i) have an outstanding Stated Principal Balance (or in the case of a substitution of more than one mortgage loan for a Deleted Mortgage Loan, an aggregate Stated Principal Balance), after application of all scheduled payments of principal and interest due during or prior to the month of substitution, not in excess of, and not more than 5% less than, the outstanding Stated Principal Balance of the Deleted Mortgage Loan as of the Due Date in the calendar month during which the substitution occurs, (ii) have a Mortgage Rate not less than (and not more than one percentage point in excess of) the Mortgage Rate of the Deleted Mortgage Loan, (iii) if the Qualified Substitute Mortgage Loan is an Adjustable-Rate Mortgage

 


Loan, have a Maximum Mortgage Rate not less than the Maximum Mortgage Rate on the Deleted Mortgage Loan, (iv) if the Qualified Substitute Mortgage Loan is an Adjustable-Rate Mortgage Loan, have a Minimum Mortgage Rate not less than the Minimum Mortgage Rate of the Deleted Mortgage Loan, (v) if the Qualified Substitute Mortgage Loan is an Adjustable-Rate Mortgage Loan, have a Gross Margin equal to or greater than the Gross Margin of the Deleted Mortgage Loan, (vi) if the Qualified Substitute Mortgage Loan is an Adjustable-Rate Mortgage Loan, have a next Adjustment Date not more than two months later than the next Adjustment Date on the Deleted Mortgage Loan, (vii) reserved, (viii) have a remaining term to maturity not greater than (and not more than one year less than) that of the Deleted Mortgage Loan, (ix) be current as of the date of substitution, (x) have a Loan-to-Value Ratio as of the date of substitution equal to or lower than the Loan-to-Value Ratio of the Deleted Mortgage Loan as of such date, (xi) have a risk grading determined by the related Originator at least equal to the risk grading assigned on the Deleted Mortgage Loan, (xii) have been underwritten or reunderwritten by the related Originator in accordance with the same underwriting criteria and guidelines as the Deleted Mortgage Loan and (xiii) conform to each representation and warranty assigned to the Depositor pursuant to the related Assignment Agreement applicable to the Deleted Mortgage Loan. In the event that one or more mortgage loans are substituted for one or more Deleted Mortgage Loans, the amounts described in clause (i) hereof shall be determined on the basis of aggregate Stated Principal Balance, the Mortgage Rates described in clauses (ii) through (vi) hereof shall be satisfied for each such mortgage loan, the risk gradings described in clause (xi) hereof shall be satisfied as to each such mortgage loan, the terms described in clause (viii) hereof shall be determined on the basis of weighted average remaining term to maturity (provided that no such mortgage loan may have a remaining term to maturity longer than the Deleted Mortgage Loan), the Loan-to-Value Ratios described in clause (x) hereof shall be satisfied as to each such mortgage loan and, except to the extent otherwise provided in this sentence, the representations and warranties described in clause (xiii) hereof must be satisfied as to each Qualified Substitute Mortgage Loan or in the aggregate, as the case may be. With respect to each Originator, a mortgage loan substituted for a Deleted Mortgage Loan pursuant to the terms of the Servicing Agreement which must, on the date of such substitution conform to the terms set forth in the Servicing Agreement.

“Rating Agency” or “Rating Agencies”: Xxxxx’x, Fitch and S&P or their successors. If such agencies or their successors are no longer in existence, “Rating Agencies” shall be such nationally recognized statistical rating agencies, or other comparable Persons, designated by the Depositor, notice of which designation shall be given to the Trustee and the Master Servicer.

“Realized Loss”: With respect to any Liquidated Mortgage Loan or any Mortgage Loan charged off by the Servicer pursuant to the Servicing Agreement, the amount of loss realized equal to the portion of the Stated Principal Balance remaining unpaid after application of all Net Liquidation Proceeds in respect of such Mortgage Loan. If the Servicer receives Subsequent Recoveries with respect to any Mortgage Loan, the amount of the Realized Loss with respect to that Mortgage Loan will be reduced to the extent such recoveries are applied to principal distributions on any Distribution Date.

 


 

“Record Date”: With respect to each Distribution Date and any Book-Entry Certificate, the Business Day immediately preceding such Distribution Date. With respect to each Distribution Date and any other Certificates, including any Definitive Certificates, the last Business Day of the month immediately preceding the month in which such Distribution Date occurs.

“Reference Banks”: Deutsche Bank AG, Barclay’s Bank PLC, The Tokyo Mitsubishi Bank and National Westminster Bank PLC and their successors in interest; provided, however, that if any of the foregoing banks are not suitable to serve as a Reference Bank, then any leading banks selected by the Trust Administrator (after consultation with the NIMS Insurer) which are engaged in transactions in Eurodollar deposits in the international Eurocurrency market (i) with an established place of business in London, (ii) not controlling, under the control of or under common control with the Depositor or any Affiliate thereof and (iii) which have been designated as such by the Trust Administrator.

“Refinanced Mortgage Loan”: A Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property.

“Regular Certificate”: Any Class A Certificate, Mezzanine Certificate, Class CE Certificate or Class P Certificate.

“Regular Interest”: A “regular interest” in a REMIC within the meaning of Section 860G(a)(1) of the Code.

“Relief Act”: The Servicemembers Civil Relief Act.

“Relief Act Interest Shortfall”: With respect to any Distribution Date and any Mortgage Loan, any reduction in the amount of interest collectible on such Mortgage Loan for the most recently ended calendar month as a result of the application of the Relief Act.

“REMIC”: A “real estate mortgage investment conduit” within the meaning of Section 860D of the Code.

“REMIC I”: The segregated pool of assets subject hereto, constituting the primary trust created hereby and to be administered hereunder, with respect to which a REMIC election is to be made, consisting of: (i) such Mortgage Loans and Prepayment Charges as from time to time are subject to this Agreement, together with the Mortgage Files relating thereto, and together with all collections thereon and proceeds thereof; (ii) any REO Property, together with all collections thereon and proceeds thereof; (iii) the Trustee’s rights with respect to the Mortgage Loans under all insurance policies, required to be maintained pursuant to this Agreement or the Servicing Agreement and any proceeds thereof; (iv) the Depositor’s rights under the Mortgage Loan Purchase Agreement (including any security interest created thereby) and the Originator Master Agreements (assigned to the Depositor pursuant to the Assignment Agreement); (v) the rights of the Trustee under the Servicing Agreement and the Assignment, Assumption and Recognition Agreement relating thereto and (vi) the Custodial Account and the Distribution Account, and such assets that are deposited therein from time to time and any investments thereof, together with any and all income, proceeds and payments with respect

 


thereto. Notwithstanding the foregoing, however, REMIC I specifically excludes the Net WAC Rate Carryover Reserve Account, the Interest Rate Swap Agreement, the Swap Account, all payments and other collections of principal and interest due on the Mortgage Loans on or before the Cut-off Date and all Prepayment Charges payable in connection with Principal Prepayments made before the Cut-off Date.

“REMIC I Group I Regular Interests”: REMIC I Regular Interest I and REMIC I Regular Interest I-1-A through REMIC I Regular Interest I-43-B as designated in the Preliminary Statement hereto.

“REMIC I Group II Regular Interests”: REMIC I Regular Interest II-1-A through REMIC I Regular Interest II-43-B as designated in the Preliminary Statement hereto.

“REMIC I Regular Interest”: Any of the 175 separate non-certificated beneficial ownership interests in REMIC I issued hereunder and designated as a “regular interest” in REMIC I. Each REMIC I Regular Interest shall accrue interest at the related REMIC I Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto.

“REMIC I Remittance Rate”: With respect to REMIC I Regular Interest I and REMIC I Regular Interest P, a per annum rate equal to the weighted average of the Expense Adjusted Net Mortgage Rates of the Group I Mortgage Loans. With respect to each REMIC I Group I Regular Interest ending with the designation “A”, a per annum rate equal to the weighted average of the Expense Adjusted Net Mortgage Rates of the Group I Mortgage Loans multiplied by 2, subject to a maximum rate of 8.64%. With respect to each REMIC I Group I Regular Interest ending with the designation “B”, the greater of (x) a per annum rate equal to the excess, if any, of (i) 2 multiplied by the weighted average of the Expense Adjusted Net Mortgage Rates of the Group I Mortgage Loans over (ii) 8.64% and (y) 0.00%. With respect to REMIC I Regular Interest II, a per annum rate equal to the weighted average of the Expense Adjusted Net Mortgage Rates of the Group II Mortgage Loans With respect to each REMIC I Group II Regular Interest ending with the designation “A”, a per annum rate equal to the weighted average of the Expense Adjusted Net Mortgage Rates of the Group II Mortgage Loans multiplied by 2, subject to a maximum rate of 8.64%. With respect to each REMIC I Group II Regular Interest ending with the designation “B”, the greater of (x) a per annum rate equal to the excess, if any, of (i) 2 multiplied by the weighted average of the Expense Adjusted Net Mortgage Rates of the Group II Mortgage Loans over (ii) 8.64% and (y) 0.00%.

“REMIC II Interest Loss Allocation Amount”: With respect to any Distribution Date, an amount (subject to adjustment based on the actual number of days elapsed in the respective Accrual Periods for the indicated Regular Interests for such Distribution Date) equal to (a) the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) the REMIC II Remittance Rate for REMIC II Regular Interest II-LTAA minus the Marker Rate, divided by (b) 12.

“REMIC II Marker Allocation Percentage”: 50% of any amount payable or loss attributable from the Mortgage Loans, which shall be allocated to the REMIC II Regular Interest

 


II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTP and REMIC II Regular Interest II-LTZZ.

“REMIC II Overcollateralized Amount”: With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Balance of the REMIC II Regular Interests minus (ii) the aggregate Uncertificated Balance of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11and REMIC II Regular Interest II-LTP, in each case as of such date of determination.

“REMIC II Principal Loss Allocation Amount”: With respect to any Distribution Date, an amount equal to the product of (i) 50% of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate Uncertificated Balance of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11, and the denominator of which is the aggregate Uncertificated Balance of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTZZ.

“REMIC II Regular Interest”: Any of the separate non-certificated beneficial ownership interests in REMIC II issued hereunder and designated as a “regular interest” in REMIC II. Each REMIC II Regular Interest shall accrue interest at the related REMIC II Remittance Rate in effect from time to time, and shall be entitled to distributions of principal, subject to the terms and conditions hereof, in an aggregate amount equal to its initial Uncertificated Balance as set forth in the Preliminary Statement hereto. The REMIC II Regular Interests are as follows: REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-

 


LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTP, REMIC II Regular Interest II-LTXX, REMIC II Regular Interest II-LTZZ, REMIC II Regular Interest II-LT1GRP, REMIC II Regular Interest II-LT1SUB, REMIC II Regular Interest II-LT2GRP and REMIC II Regular Interest II-LT2SUB.

“REMIC II Remittance Rate”: With respect to REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTZZ, REMIC II Regular Interest II-LTP, REMIC II Regular Interest II-LT1SUB, REMIC II Regular Interest II-LT2SUB and REMIC II Regular Interest II-LTXX, a per annum rate (but not less than zero) equal to the weighted average of: (w) with respect to REMIC I Regular Interest I, REMIC I Regular Interest II and REMIC I Regular Interest P, the REMIC I Remittance Rate for each such REMIC I Regular Interest for each such Distribution Date, (x) with respect to each REMIC I Regular Interest ending with the designation “B”, the weighted average of the REMIC I Remittance Rates for such REMIC I Regular Interests, weighted on the basis of the Uncertificated Balances of such REMIC I Regular Interests for each such Distribution Date and (y) with respect to REMIC I Regular Interests ending with the designation “A”, for each Distribution Date listed below, the weighted average of the rates listed below for each such REMIC I Regular Interest listed below, weighted on the basis of the Uncertificated Balances of each such REMIC I Regular Interest for each such Distribution Date:

 

Distribution Date

REMIC I Regular Interest

Rate

1

I-1-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

2

I-2-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-2-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate REMIC I Remittance Rate

 

I-1-A

REMIC I Remittance Rate

 

II-1-A

REMIC I Remittance Rate

3

I-3-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-3-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A and I-2-A

REMIC I Remittance Rate

 

II-1-A and II-2-A

REMIC I Remittance Rate

4

I-4-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-4-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-3-A

REMIC I Remittance Rate

 

II-1-A through II-3-A

REMIC I Remittance Rate

 


 

 

5

I-5-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-5-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-4-A

REMIC I Remittance Rate

 

II-1-A through II-4-A

REMIC I Remittance Rate

6

I-6-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-6-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-5-A

REMIC I Remittance Rate

 

II-1-A through II-5-A

REMIC I Remittance Rate

7

I-7-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-7-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-6-A

REMIC I Remittance Rate

 

II-1-A through II-6-A

REMIC I Remittance Rate

8

I-8-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-8-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-7-A

REMIC I Remittance Rate

 

II-1-A through II-7-A

REMIC I Remittance Rate

9

I-9-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-9-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-8-A

REMIC I Remittance Rate

 

II-1-A through II-8-A

REMIC I Remittance Rate

10

I-10-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-10-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-9-A

REMIC I Remittance Rate

 

II-1-A through II-9-A

REMIC I Remittance Rate

11

I-11-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-11-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-10-A

REMIC I Remittance Rate

 

II-1-A through II-10-A

REMIC I Remittance Rate

12

I-12-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-12-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-11-A

REMIC I Remittance Rate

 

II-1-A through II-11-A

REMIC I Remittance Rate

13

I-13-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-13-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-12-A

REMIC I Remittance Rate

 

II-1-A through II-12-A

REMIC I Remittance Rate

14

I-14-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-14-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-13-A

REMIC I Remittance Rate

 

II-1-A through II-13-A

REMIC I Remittance Rate

15

I-15-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-15-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-14-A

REMIC I Remittance Rate

 

II-1-A through II-14-A

REMIC I Remittance Rate

 


 

 

16

I-16-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-16-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-15-A

REMIC I Remittance Rate

 

II-1-A through II-15-A

REMIC I Remittance Rate

17

I-17-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-17-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-16-A

REMIC I Remittance Rate

 

II-1-A through II-16-A

REMIC I Remittance Rate

18

I-18-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-18-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-17-A

REMIC I Remittance Rate

 

II-1-A through II-17-A

REMIC I Remittance Rate

19

I-19-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-19-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-18-A

REMIC I Remittance Rate

 

II-1-A through II-18-A

REMIC I Remittance Rate

20

I-20-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-20-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-19-A

REMIC I Remittance Rate

 

II-1-A through II-19-A

REMIC I Remittance Rate

21

I-21-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-21-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-20-A

REMIC I Remittance Rate

 

II-1-A through II-20-A

REMIC I Remittance Rate

22

I-22-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-22-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-21-A

REMIC I Remittance Rate

 

II-1-A through II-21-A

REMIC I Remittance Rate

23

I-23-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-23-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-22-A

REMIC I Remittance Rate

 

II-1-A through II-22-A

REMIC I Remittance Rate

24

I-24-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-24-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-23-A

REMIC I Remittance Rate

 

II-1-A through II-23-A

REMIC I Remittance Rate

25

I-25-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-25-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-24-A

REMIC I Remittance Rate

 

II-1-A through II-24-A

REMIC I Remittance Rate

26

I-26-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-26-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-25-A

REMIC I Remittance Rate

 

II-1-A through II-25-A

REMIC I Remittance Rate

 


 

 

27

I-27-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-27-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-26-A

REMIC I Remittance Rate

 

II-1-A through II-26-A

REMIC I Remittance Rate

28

I-28-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-28-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-27-A

REMIC I Remittance Rate

 

II-1-A through II-27-A

REMIC I Remittance Rate

29

I-29-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-29-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-28-A

REMIC I Remittance Rate

 

II-1-A through II-28-A

REMIC I Remittance Rate

30

I-30-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-30-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-29-A

REMIC I Remittance Rate

 

II-1-A through II-29-A

REMIC I Remittance Rate

31

I-31-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-31-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-30-A

REMIC I Remittance Rate

 

II-1-A through II-30-A

REMIC I Remittance Rate

32

I-32-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-32-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-31-A

REMIC I Remittance Rate

 

II-1-A through II-31-A

REMIC I Remittance Rate

33

I-33-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-33-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-32-A

REMIC I Remittance Rate

 

II-1-A through II-32-A

REMIC I Remittance Rate

34

I-34-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-34-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-33-A

REMIC I Remittance Rate

 

II-1-A through II-33-A

REMIC I Remittance Rate

35

I-35-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-35-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-34-A

REMIC I Remittance Rate

 

II-1-A through II-34-A

REMIC I Remittance Rate

36

I-36-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-36-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-35-A

REMIC I Remittance Rate

 

II-1-A through II-35-A

REMIC I Remittance Rate

37

I-37-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-37-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-36-A

REMIC I Remittance Rate

 

II-1-A through II-36-A

REMIC I Remittance Rate

 


 

 

38

I-38-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-38-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-37-A

REMIC I Remittance Rate

 

II-1-A through II-37-A

REMIC I Remittance Rate

39

I-39-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-39-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-38-A

REMIC I Remittance Rate

 

II-1-A through II-38-A

REMIC I Remittance Rate

40

I-40-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-40-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-39-A

REMIC I Remittance Rate

 

II-1-A through II-39-A

REMIC I Remittance Rate

41

I-41-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-41-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-40-A

REMIC I Remittance Rate

 

II-1-A through II-40-A

REMIC I Remittance Rate

42

I-42-A and I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-42-A and II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-41-A

REMIC I Remittance Rate

 

II-1-A through II-41-A

REMIC I Remittance Rate

43

I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-43-

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-42-A

REMIC I Remittance Rate

 

II-1-A through II-42-A

REMIC I Remittance Rate

thereafter

I-1-A through I-43-A

REMIC I Remittance Rate

 

II-1-A through II-43-A

REMIC I Remittance Rate

 

With respect to REMIC II Regular Interest II-LT1GRP, a per annum rate (but not less than zero) equal to the weighted average of: (w) with respect to REMIC I Regular Interest I and REMIC I Regular Interest P, the REMIC I Remittance Rate for each such REMIC 1 Regular Interest for each such Distribution Date, (x) with respect to REMIC I Group I Regular Interests ending with the designation “B”, the weighted average of the REMIC I Remittance Rates for such REMIC I Regular Interests, weighted on the basis of the Uncertificated Balances of each such REMIC I Regular Interest for each such Distribution Date and (y) with respect to REMIC I Group I Regular Interests ending with the designation “A”, for each Distribution Date listed below, the weighted average of the rates listed below for such REMIC I Regular Interests listed below, weighted on the basis of the Uncertificated Balances of each such REMIC I Regular Interest for each such Distribution Date:

Distribution Date

REMIC I Regular Interest

Rate

1

I-1-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

 

 

2

I-2-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A

REMIC I Remittance Rate

 

 

 

 


 

 

3

I-3-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A and I-2-A

REMIC I Remittance Rate

 

 

 

4

I-4-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-3-A

REMIC I Remittance Rate

 

 

 

5

I-5-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-4-A

REMIC I Remittance Rate

 

 

 

6

I-6-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-5-A

REMIC I Remittance Rate

 

 

 

7

I-7-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-6-A

REMIC I Remittance Rate

 

 

 

8

I-8-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-7-A

REMIC I Remittance Rate

 

 

 

9

I-9-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-8-A

REMIC I Remittance Rate

 

 

 

10

I-10-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-9-A

REMIC I Remittance Rate

 

 

 

11

I-11-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-10-A

REMIC I Remittance Rate

 

 

 

12

I-12-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-11-A

REMIC I Remittance Rate

 

 

 

13

I-13-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-12-A

REMIC I Remittance Rate

 

 

 

14

I-14-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-13-A

REMIC I Remittance Rate

 

 

 

15

I-15-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-14-A

REMIC I Remittance Rate

 

 

 

16

I-16-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-15-A

REMIC I Remittance Rate

 

 

 

17

I-17-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-16-A

REMIC I Remittance Rate

 

 

 

18

I-18-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-17-A

REMIC I Remittance Rate

 

 

 

 


 

 

19

I-19-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-18-A

REMIC I Remittance Rate

 

 

 

20

I-20-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-19-A

REMIC I Remittance Rate

 

 

 

21

I-21-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-20-A

REMIC I Remittance Rate

 

 

 

22

I-22-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-21-A

REMIC I Remittance Rate

 

 

 

23

I-23-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-22-A

REMIC I Remittance Rate

 

 

 

24

I-24-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-23-A

REMIC I Remittance Rate

 

 

 

25

I-25-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-24-A

REMIC I Remittance Rate

 

 

 

26

I-26-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-25-A

REMIC I Remittance Rate

 

 

 

27

I-27-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-26-A

REMIC I Remittance Rate

 

 

 

28

I-28-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-27-A

REMIC I Remittance Rate

 

 

 

29

I-29-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-28-A

REMIC I Remittance Rate

 

 

 

30

I-30-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-29-A

REMIC I Remittance Rate

 

 

 

31

I-31-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-30-A

REMIC I Remittance Rate

 

 

 

32

I-32-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-31-A

REMIC I Remittance Rate

 

 

 

33

I-33-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-32-A

REMIC I Remittance Rate

 

 

 

34

I-34-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-33-A

REMIC I Remittance Rate

 

 

 

 


 

 

35

I-35-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-34-A

REMIC I Remittance Rate

 

 

 

36

I-36-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-35-A

REMIC I Remittance Rate

 

 

 

37

I-37-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-36-A

REMIC I Remittance Rate

 

 

 

38

I-38-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-37-A

REMIC I Remittance Rate

 

 

 

39

I-39-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-38-A

REMIC I Remittance Rate

 

 

 

40

I-40-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-39-A

REMIC I Remittance Rate

 

 

 

41

I-41-A through I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-40-A

REMIC I Remittance Rate

 

 

 

42

I-42-A and I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-41-A

REMIC I Remittance Rate

 

 

 

43

I-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

I-1-A through I-42-A

REMIC I Remittance Rate

 

 

 

thereafter

I-1-A through I-43-A

REMIC I Remittance Rate

 

With respect to REMIC II Regular Interest II-LT2GRP, a per annum rate (but not less than zero) equal to the weighted average of: (w) with respect to REMIC I Regular Interest II, the REMIC I Remittance Rate for each such REMIC 1 Regular Interest for each such Distribution Date, (x) with respect to REMIC I Group II Regular Interests ending with the designation “B”, the weighted average of the REMIC I Remittance Rates for such REMIC I Regular Interests, weighted on the basis of the Uncertificated Balances of each such REMIC I Regular Interest for each such Distribution Date and (y) with respect to REMIC I Group II Regular Interests ending with the designation “A”, for each Distribution Date listed below, the weighted average of the rates listed below for such REMIC I Regular Interests listed below, weighted on the basis of the Uncertificated Balances of each such REMIC I Regular Interest for each such Distribution Date:

Distribution Date

REMIC I Regular Interest

Rate

1

II-1-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

 

 

 

II-2-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A

REMIC I Remittance Rate

 

 

 

 


 

 

 

II-3-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A and II-2-A

REMIC I Remittance Rate

 

 

 

 

II-4-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-3-A

REMIC I Remittance Rate

 

 

 

 

II-5-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-4-A

REMIC I Remittance Rate

 

 

 

 

II-6-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-5-A

REMIC I Remittance Rate

 

 

 

 

II-7-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-6-A

REMIC I Remittance Rate

 

 

 

 

II-8-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-7-A

REMIC I Remittance Rate

 

 

 

 

II-9-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-8-A

REMIC I Remittance Rate

 

 

 

 

II-10-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-9-A

REMIC I Remittance Rate

 

 

 

 

II-11-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-10-A

REMIC I Remittance Rate

 

 

 

 

II-12-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-11-A

REMIC I Remittance Rate

 

 

 

 

II-13-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-12-A

REMIC I Remittance Rate

 

 

 

 

II-14-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-13-A

REMIC I Remittance Rate

 

 

 

 

II-15-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-14-A

REMIC I Remittance Rate

 

 

 

 

II-16-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-15-A

REMIC I Remittance Rate

 

 

 

 

II-17-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-16-A

REMIC I Remittance Rate

 

 

 

 

II-18-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-17-A

REMIC I Remittance Rate

 

 

 

 

II-19-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 


 

 

 

II-1-A through II-18-A

REMIC I Remittance Rate

 

 

 

 

II-20-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-19-A

REMIC I Remittance Rate

 

 

 

 

II-21-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-20-A

REMIC I Remittance Rate

 

 

 

22

II-22-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-21-A

REMIC I Remittance Rate

 

 

 

23

II-23-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-22-A

REMIC I Remittance Rate

 

 

 

24

II-24-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-23-A

REMIC I Remittance Rate

 

 

 

25

II-25-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-24-A

REMIC I Remittance Rate

 

 

 

26

II-26-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-25-A

REMIC I Remittance Rate

 

 

 

27

II-27-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-26-A

REMIC I Remittance Rate

 

 

 

28

II-28-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-27-A

REMIC I Remittance Rate

 

 

 

29

II-29-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-28-A

REMIC I Remittance Rate

 

 

 

30

II-30-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-29-A

REMIC I Remittance Rate

 

 

 

31

II-31-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-30-A

REMIC I Remittance Rate

 

 

 

32

II-32-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-31-A

REMIC I Remittance Rate

 

 

 

33

II-33-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-32-A

REMIC I Remittance Rate

 

 

 

34

II-34-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-33-A

REMIC I Remittance Rate

 

 

 

35

II-35-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-34-A

REMIC I Remittance Rate

 

 

 

 


 

 

36

II-36-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-35-A

REMIC I Remittance Rate

 

 

 

37

II-37-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-36-A

REMIC I Remittance Rate

 

 

 

38

II-38-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-37-A

REMIC I Remittance Rate

 

 

 

39

II-39-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-38-A

REMIC I Remittance Rate

 

 

 

40

II-40-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-39-A

REMIC I Remittance Rate

 

 

 

41

II-41-A through II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-40-A

REMIC I Remittance Rate

 

 

 

42

II-42-A and II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-41-A

REMIC I Remittance Rate

 

 

 

43

II-43-A

2 multiplied by Swap LIBOR, subject to a maximum rate of REMIC I Remittance Rate

 

II-1-A through II-42-A

REMIC I Remittance Rate

 

 

 

thereafter

II-1-A through II-43-A

REMIC I Remittance Rate

 

With respect to REMIC II Regular Interest II-LTIO and (a) the first 43 Distribution Dates, the excess of (i) the REMIC I Remittance Rates for REMIC I Regular Interests ending with the designation “A”, over (ii) 2 multiplied by Swap LIBOR and (b) thereafter, 0.00%.

“REMIC II Required Overcollateralized Amount”: 0.50% of the Overcollateralization Target Amount.

“REMIC II Subordinated Balance Ratio”: The ratio among the Uncertificated Balance of each REMIC II Regular Interest ending with the designation “SUB,” equal to the ratio among, with respect to each such REMIC II Regular Interest, the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the current Certificate Principal Balance of the Class A Certificates in the related Loan Group.

“REMIC II Sub WAC Allocation Percentage”: 50% of any amount payable or loss attributable from the Mortgage Loans, which shall be allocated to REMIC II Regular Interest II-LT1SUB, REMIC II Regular Interest II-LT1GRP, REMIC II Regular Interest II-LT2SUB, REMIC II Regular Interest II-LT2GRP and REMIC II Regular Interest II-LTXX.

“REMIC III”: The segregated pool of assets consisting of all of the REMIC II Regular Interests conveyed in trust to the Trustee, for the benefit of the REMIC III Certificateholders pursuant to Section 2.07, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

 


 

“REMIC III Certificate”: Any Regular Certificate (other than a Class CE Certificate or Class P Certificate) or Class R Certificate.

“REMIC III Certificateholder”: The Holder of any REMIC III Certificate.

“REMIC III Regular Interest”: Any Class A Certificate, Mezzanine Certificate, the Class CE Interest or the Class P Interest.

“REMIC IV”: The segregated pool of assets consisting of all of the Class CE Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Regular Certificates and the Class R-X Certificate (in respect of the Class R-IV Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

“REMIC V”: The segregated pool of assets consisting of all of the Class P Interest conveyed in trust to the Trustee, for the benefit of the Holders of the Regular Certificates and the Class R-X Certificate (in respect of the Class R-V Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

“REMIC VI”: The segregated pool of assets consisting of the Class SWAP-IO Interest conveyed in trust to the Trustee, for the benefit of the Holders of REMIC VI Regular Interest SWAP-IO and the Class R-X Certificate (in respect of the Class R-VI Interest), pursuant to Article II hereunder, and all amounts deposited therein, with respect to which a separate REMIC election is to be made.

“REMIC VI Regular Interest”: REMIC VI Regular Interest SWAP-IO.

“REMIC Provisions”: Provisions of the federal income tax law relating to REMICs which appear at Section 860A through 860G of the Code, and related provisions, and proposed, temporary and final regulations and published rulings, notices and announcements promulgated thereunder, as the foregoing may be in effect from time to time.

“REMIC Regular Interest”: Any REMIC I Regular Interest, REMIC II Regular Interest, REMIC III Regular Interest or REMIC VI Regular Interest SWAP-IO.

“REMIC Remittance Rate”: The REMIC I Remittance Rate or the REMIC II Remittance Rate.

“Rents from Real Property”: With respect to any REO Property, gross income of the character described in Section 856(d) of the Code as being included in the term “rents from real property.”

“REO Disposition”: The sale or other disposition of an REO Property on behalf of REMIC I.

“REO Imputed Interest”: As to any REO Property, for any calendar month during which such REO Property was at any time part of REMIC I, one month’s interest at the applicable Net Mortgage Rate on the Stated Principal Balance of such REO Property (or, in the

 


case of the first such calendar month, of the related Mortgage Loan, if appropriate) as of the close of business on the Distribution Date in such calendar month.

“REO Principal Amortization”: With respect to any REO Property, for any calendar month, the excess, if any, of (a) the aggregate of all amounts received in respect of such REO Property during such calendar month, whether in the form of rental income, sale proceeds (including, without limitation, that portion of the Termination Price paid in connection with a purchase of all of the Mortgage Loans and REO Properties pursuant to Section 9.01 that is allocable to such REO Property) or otherwise, net of any portion of such amounts (i) payable pursuant to the Servicing Agreement in respect of the proper operation, management and maintenance of such REO Property or (ii) payable or reimbursable to the Servicer for unpaid Servicing Fees in respect of the related Mortgage Loan and unreimbursed Servicing Advances and Advances in respect of such REO Property or the related Mortgage Loan, over (b) the REO Imputed Interest in respect of such REO Property for such calendar month.

“REO Property”: A Mortgaged Property acquired by the Servicer on behalf of REMIC I through foreclosure or deed-in-lieu of foreclosure.

“Request for Release”: A request for release in such electronic or other format as shall be mutually agreeable by the Trust Administrator and the Servicer, in substantially the form of Exhibit E attached hereto.

“Reserve Interest Rate”: With respect to any Interest Determination Date, the rate per annum that the Trust Administrator determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trust Administrator are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trust Administrator can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trust Administrator are quoting on such Interest Determination Date to leading European banks.

“Residential Dwelling”: Any one of the following: (i) a detached one-family dwelling, (ii) a detached two- to four-family dwelling, (iii) a one-family dwelling unit in a Xxxxxx Xxx eligible condominium project, (iv) a manufactured home, or (v) a detached one-family dwelling in a planned unit development, none of which is a co-operative or mobile home.

“Residual Certificate”: Any one of the Class R Certificates and the Class R-X Certificates.

“Residual Interest”: The sole class of “residual interests” in a REMIC within the meaning of Section 860G(a)(2) of the Code.

“Responsible Officer”: When used with respect to the Trustee or the Trust Administrator, the Chairman or Vice Chairman of the Board of Directors or Trustees, the Chairman or Vice Chairman of the Executive or Standing Committee of the Board of Directors or Trustees, the President, the Chairman of the Committee on Trust Matters, any vice president,

 


any assistant vice president, the Secretary, any assistant secretary, the Treasurer, any assistant treasurer, the Cashier, any assistant cashier, any trust officer or assistant trust officer, the Controller and any assistant controller or any other officer of the Trustee or the Trust Administrator, as applicable, customarily performing functions similar to those performed by any of the above designated officers and, with respect to a particular matter relating to this Agreement, to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject.

“S&P”: Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc., or its successor in interest.

“Seller”: UBS Real Estate Securities Inc. or its successor in interest, in its capacity as seller under the Mortgage Loan Purchase Agreement.

“Senior Principal Distribution Amount”: With respect to any Distribution Date, the sum of (i) the Group I Senior Principal Distribution Amount and (ii) the Group II Senior Principal Distribution Amount.

“Servicer”: JPMorgan Chase Bank.

“Servicer Remittance Date”: With respect to any Distribution Date, the 24th day of the calendar month in which such Distribution Date occurs or, if such 24th day is not a Business Day, the Business Day immediately preceding such 24th day.

“Servicing Advances”: All customary, reasonable and necessary “out of pocket” costs and expenses other than Advances (including reasonable attorneys’ fees and disbursements) incurred by the Servicer in the performance of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration, inspection and protection of the Mortgaged Property, (ii) any enforcement, administrative or judicial proceedings, including foreclosures, in respect of a particular Mortgage Loan, (iii) the management and liquidation of the REO Property (including any fees of an independent contractor (such as a real estate broker) engaged by the Servicer in connection with such activity) and (iv) taxes, assessments, water rates, sewer rents and other charges which are or may become a lien upon the Mortgaged Property.

“Servicing Agreement”: The Servicing Agreement, dated as of May 1, 2004, between Chase Manhattan Mortgage Corporation, predecessor in interest to JPMorgan, as seller and the Seller as purchaser (which Servicing Agreement has been assigned to the Depositor, and modified pursuant to the Assignment, Assumption and Recognition Agreement.

“Servicing Fee”: With respect to each Mortgage Loan and for any calendar month, an amount equal to one-twelfth of the Servicing Fee Rate (without regards to the words “per annum” in the definition thereof) multiplied by the Stated Principal Balance of the Mortgage Loans as of the first day of the related Due Period.

“Servicing Fee Rate”: 0.50% per annum.

 


 

“Servicing Officer”: With respect to the Servicer, any officer of the Servicer involved in or responsible for, the administration and servicing of the Mortgage Loans whose name appears on a list of servicing officers furnished by the Servicer to the Master Servicer, the Trust Administrator and the Trustee upon request, as such list may from time to time be amended. With respect to the Master Servicer, any officer of the Master Servicer involved in or responsible for, the administration and master servicing of the Mortgage Loans whose name appears on a list of master servicing officers furnished by the Master Servicer to the Trust Administrator and the Trustee upon request, as such list may from time to time be amended.

“Servicing Transfer Costs”: Shall mean all reasonable costs and expenses incurred by the Trustee in connection with the transfer of servicing from a predecessor Master Servicer, including, without limitation, any reasonable costs or expenses associated with the complete transfer of all servicing data and the completion, correction or manipulation of such servicing data as may be required by the Trustee to correct any errors or insufficiencies in the servicing data or otherwise to enable the Trustee to master service the Mortgage Loans properly and effectively.

“Single Certificate”: With respect to any Class of Certificates (other than the Class P Certificates and the Residual Certificates), a hypothetical Certificate of such Class evidencing a Percentage Interest for such Class corresponding to an initial Certificate Principal Balance of $1,000. With respect to the Class P Certificates and the Residual Certificates, a hypothetical Certificate of such Class evidencing a 100% Percentage Interest in such Class.

“Startup Day”: With respect to each Trust REMIC, the day designated as such pursuant to Section 10.01(b) hereof.

“Stated Principal Balance”: With respect to any Mortgage Loan: (a) as of any date of determination up to but not including the Distribution Date on which the proceeds, if any, of a Liquidation Event with respect to such Mortgage Loan would be distributed, the Cut-off Date Principal Balance of such Mortgage Loan, as shown in the Mortgage Loan Schedule, minus the sum of (i) the principal portion of each Monthly Payment due on a Due Date subsequent to the Cut-off Date, to the extent received from the Mortgagor or advanced by the Servicer and distributed pursuant to Section 4.01 on or before such date of determination, (ii) all Principal Prepayments received after the Cut-off Date, to the extent distributed pursuant to Section 4.01 on or before such date of determination, (iii) all Liquidation Proceeds and Insurance Proceeds applied by the Servicer as recoveries of principal, to the extent distributed pursuant to Section 4.01 on or before such date of determination, and (iv) any Realized Loss incurred with respect thereto as a result of a Deficient Valuation made during or prior to the Prepayment Period for the most recent Distribution Date coinciding with or preceding such date of determination; and (b) as of any date of determination coinciding with or subsequent to the Distribution Date on which the proceeds, if any, of a Liquidation Event with respect to such Mortgage Loan would be distributed, zero. With respect to any REO Property: (a) as of any date of determination up to but not including the Distribution Date on which the proceeds, if any, of a Liquidation Event with respect to such REO Property would be distributed, an amount (not less than zero) equal to the Stated Principal Balance of the related Mortgage Loan as of the date on which such REO Property was acquired on behalf of REMIC I, minus the sum of (i) if such REO Property was acquired before the Distribution Date in any calendar month, the principal portion of the

 


Monthly Payment due on the Due Date in the calendar month of acquisition, to the extent advanced by the Servicer and distributed pursuant to Section 4.01 on or before such date of determination, and (ii) the aggregate amount of REO Principal Amortization in respect of such REO Property for all previously ended calendar months, to the extent distributed pursuant to Section 4.01 on or before such date of determination; and (b) as of any date of determination coinciding with or subsequent to the Distribution Date on which the proceeds, if any, of a Liquidation Event with respect to such REO Property would be distributed, zero.

“Stepdown Date”: The earlier to occur of (i) the Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates has been reduced to zero and (ii) the later to occur of (x) the Distribution Date occurring in October 2008 and (y) the first Distribution Date on which the Credit Enhancement Percentage (calculated for this purpose only after taking into account payments of principal on the Mortgage Loans but prior to distribution of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date) is equal to or greater than 41.40%.

“Sub-Servicer”: Any Person with which the Servicer has entered into a Sub-Servicing Agreement meeting the requirements set forth in the Servicing Agreement.

“Sub-Servicing Agreement”: The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans meeting the requirements set forth in the Servicing Agreement.

“Subsequent Recoveries”: As of any Distribution Date, unexpected amounts received by the Servicer (net of any related expenses permitted to be reimbursed to the Servicer or the Master Servicer) specifically related to a Mortgage Loan that was the subject of a liquidation or an REO Disposition prior to the related Prepayment Period that resulted in a Realized Loss.

“Substitution Adjustment Amount”: As defined in Section 2.03(b).

“Supplemental Interest Trust”: As defined in Section 4.08(a).

“Swap Administration Agreement”: As defined in Section 4.08(b).

“Swap Account”: The account or accounts created and maintained pursuant to Section 4.08. The Swap Account must be an Eligible Account.

“Swap Administrator”: Xxxxx Fargo Bank, N.A., a national banking association, or any successor in interest, or any successor Swap Administrator appointed pursuant to the Swap Administration Agreement.

“Swap Interest Shortfall Amount”: Any shortfall of interest with respect to any Class of Certificates resulting from the application of the Net WAC Rate due to a discrepancy between the Uncertificated Notional Amount of the Class SWAP-IO Interest and the scheduled notional amount pursuant to the Swap Administration Agreement.

 


 

“Swap LIBOR”: A per annum rate equal to the floating rate payable by the Swap Provider under the Swap Agreement.

“Swap Provider”:

Swiss Re Financial Products Corporation.

“Swap Provider Trigger Event”: A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

“Swap Termination Payment”: The payment due under the Interest Rate Swap Agreement upon the early termination of the Interest Rate Swap Agreement.

“Tax Returns”: The federal income tax return on Internal Revenue Service Form 1066, U.S. Real Estate Mortgage Investment Conduit Income Tax Return, including Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC Taxable Income or Net Loss Allocation, or any successor forms, to be filed on behalf of the Trust Fund due to the classification of portions thereof as REMICs under the REMIC Provisions, together with any and all other information reports or returns that may be required to be furnished to the Certificateholders or filed with the Internal Revenue Service or any other governmental taxing authority under any applicable provisions of federal, state or local tax laws.

“Telerate Page 3750”: The display designated as page “3750” on the Dow Xxxxx Telerate Capital Markets Report (or such other page as may replace page 3750 on that report for the purpose of displaying London interbank offered rates of major banks).

“Termination Price”: As defined in Section 9.01.

“Terminator”: As defined in Section 9.01.

“Transfer”: Any direct or indirect transfer, sale, pledge, hypothecation, or other form of assignment of any Ownership Interest in a Certificate.

“Transferee”: Any Person who is acquiring by Transfer any Ownership Interest in a Certificate.

“Transferor”: Any Person who is disposing by Transfer of any Ownership Interest in a Certificate.

“Trigger Event”: A Trigger Event is in effect with respect to any Distribution Date on or after the Stepdown Date if:

(a)       the Delinquency Percentage exceeds 38.10% of the Credit Enhancement Percentage; or

 


 

(b)       the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period (reduced by the aggregate amount of Subsequent Recoveries received since the Cut-off Date through the last day of the related Due Period) divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds the applicable percentages set forth below with respect to such Distribution Date:

Distribution Date Occurring In

Percentage

 

October 2007 through September 2008

1.350%, plus 1/12th of 1.300% for each month thereafter

October 2008 through September 2009

2.650%, plus 1/12th of 1.500% for each month thereafter

October 2009 through September 2010

4.150%, plus 1/12th of 1.250% for each month thereafter

October 2010 through September 2011

5.400%, plus 1/12th of 0.650% for each month thereafter

October 2011 through September 2012

6.050%, plus 1/12th of 0.100% for each month thereafter

October 2012 and thereafter

6.150%

 

 

“Trust Administrator”: Xxxxx Fargo Bank, N.A., or any successor in interest, or any successor trust administrator appointed as herein provided.

“Trust Fund”: Collectively, all of the assets of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI, the Net WAC Rate Carryover Reserve Account, distributions made to the Trust Administrator by the Swap Administrator under the Swap Administration Agreement and the Swap Account and the other assets conveyed by the Depositor to the Trustee pursuant to Section 2.01.

“Trust REMIC”: Any of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V or REMIC VI.

“Trustee”: U.S. Bank National Association, a national banking association, or its successor in interest, or any successor trustee appointed as herein provided.

“Uncertificated Balance”: The amount of any REMIC Regular Interest (other than REMIC II Regular Interest II-LTIO) outstanding as of any date of determination. As of the Closing Date, the Uncertificated Balance of each REMIC Regular Interest (other than REMIC II Regular Interest II-LTIO) shall equal the amount set forth in the Preliminary Statement hereto as its initial uncertificated balance. On each Distribution Date, the Uncertificated Balance of each REMIC Regular Interest (other than REMIC II Regular Interest II-LTIO) shall be reduced by all distributions of principal made on such REMIC I Regular Interest on such Distribution Date pursuant to Section 4.01 and, if and to the extent necessary and appropriate, shall be further reduced on such Distribution Date by Realized Losses as provided in Section 4.04. The Uncertificated Balance of REMIC II Regular Interest II-LTZZ shall be increased by interest deferrals as provided in Section 4.01(a)(1). The Uncertificated Balance of each REMIC Regular Interest (other than REMIC II Regular Interest II-LTIO) shall never be less than zero. With respect to the Class CE Interest as of any date of determination, an amount equal to the excess, if any, of (A) the then aggregate Uncertificated Principal Balance of the REMIC I Regular Interests over (B) the then aggregate Certificate Principal Balances of the Class A Certificates, Mezzanine Certificates and the Class P Interest then outstanding.

 


 

“Uncertificated Interest”: With respect to any REMIC Regular Interest for any Distribution Date, one month’s interest at the REMIC Remittance Rate applicable to such REMIC Regular Interest for such Distribution Date, accrued on the Uncertificated Balance or Uncertificated Notional Amount thereof immediately prior to such Distribution Date. Uncertificated Interest in respect of any REMIC I Regular Interest shall accrue on the basis of a 360-day year consisting of twelve 30-day months. Uncertificated Interest with respect to each Distribution Date, as to any REMIC Regular Interest, shall be reduced by an amount equal to the sum of (a) the aggregate Prepayment Interest Shortfall, if any, for such Distribution Date to the extent not covered by Compensating Interest and (b) the aggregate amount of any Relief Act Interest Shortfall, if any allocated, in each case, to such REMIC Regular Interest pursuant to Section 1.02. In addition, Uncertificated Interest with respect to each Distribution Date, as to any REMIC Regular Interest shall be reduced by Realized Losses, if any, allocated to such REMIC Regular Interest pursuant to Section 1.02 and Section 4.04.

“Uncertificated Notional Amount”: With respect to REMIC II Regular Interest II-LTIO and each Distribution Date listed below, the aggregate Uncertificated Principal Balance of the REMIC I Regular Interests ending with the designation “A” listed below:

Distribution Date

REMIC I Regular Interests

1

I-1-A through I-43-A and II-1-A through II-43-A

2

I-2-A through I-43-A and II-2-A through II-43-A

3

I-3-A through I-43-A and II-3-A through II-43-A

4

I-4-A through I-43-A and II-4-A through II-43-A

5

I-5-A through I-43-A and II-5-A through II-43-A

6

I-6-A through I-43-A and II-6-A through II-43-A

7

I-7-A through I-43-A and II-7-A through II-43-A

8

I-8-A through I-43-A and II-8-A through II-43-A

9

I-9-A through I-43-A and II-9-A through II-43-A

10

I-10-A through I-43-A and II-10-A through II-43-A

11

I-11-A through I-43-A and II-11-A through II-43-A

12

I-12-A through I-43-A and II-12-A through II-43-A

13

I-13-A through I-43-A and II-13-A through II-43-A

14

I-14-A through I-43-A and II-14-A through II-43-A

15

I-15-A through I-43-A and II-15-A through II-43-A

16

I-16-A through I-43-A and II-16-A through II-43-A

17

I-17-A through I-43-A and II-17-A through II-43-A

18

I-18-A through I-43-A and II-18-A through II-43-A

19

I-19-A through I-43-A and II-19-A through II-43-A

20

I-20-A through I-43-A and II-20-A through II-43-A

21

I-21-A through I-43-A and II-21-A through II-43-A

22

I-22-A through I-43-A and II-22-A through II-43-A

23

I-23-A through I-43-A and II-23-A through II-43-A

24

I-24-A through I-43-A and II-24-A through II-43-A

25

I-25-A through I-43-A and II-25-A through II-43-A

26

I-26-A through I-43-A and II-26-A through II-43-A

27

I-27-A through I-43-A and II-27-A through II-43-A

28

I-28-A through I-43-A and II-28-A through II-43-A

29

I-29-A through I-43-A and II-29-A through II-43-A

30

I-30-A through I-43-A and II-30-A through II-43-A

31

I-31-A through I-43-A and II-31-A through II-43-A

32

I-32-A through I-43-A and II-32-A through II-43-A

33

I-33-A through I-43-A and II-33-A through II-43-A

34

I-34-A through I-43-A and II-34-A through II-43-A

35

I-35-A through I-43-A and II-35-A through II-43-A

 


 

 

36

I-36-A through I-43-A and II-36-A through II-43-A

37

I-37-A through I-43-A and II-37-A through II-43-A

38

I-38-A through I-43-A and II-38-A through II-43-A

39

I-39-A through I-43-A and II-39-A through II-43-A

40

I-40-A through I-43-A and II-40-A through II-43-A

41

I-41-A through I-43-A and II-41-A through II-43-A

42

I-42-A and I-43-A and II-42-A and II-43-A

43

I-43-A and II-43-A

thereafter

$0.00

 

With respect to the Class IO Interest and any Distribution Date, an amount equal to the Uncertificated Notional Amount of the REMIC II Regular Interest II-LTIO.

“Uninsured Cause”: Any cause of damage to a Mortgaged Property such that the complete restoration of such property is not fully reimbursable by the hazard insurance policies required to be maintained pursuant to the Servicing Agreement.

“United States Person”: A citizen or resident of the United States, a corporation, partnership or other entity created or organized in, or under the laws of, the United States, any state thereof or, District of Columbia (except, in the case of a partnership, to the extent provided in regulations) provided that, for purposes solely of the restrictions on the transfer of Class R Certificates, no partnership or other entity treated as a partnership for United States federal income tax purposes shall be treated as a United States Person unless all persons that own an interest in such partnership either directly or through any entity that is not a corporation for United States federal income tax purposes are required by the applicable operative agreement to be United States Persons or an estate whose income is subject to United States federal income tax regardless of its source, or a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States persons have the authority to control all substantial decisions of the trust. To the extent prescribed in regulations by the Secretary of the Treasury, a trust which was in existence on August 20, 1996 (other than a trust treated as owned by the grantor under subpart E of part I of subchapter J of chapter 1 of the Code), and which was treated as a United States person on August 20, 1996 may elect to continue to be treated as a United States person notwithstanding the previous sentence. The term “United States” shall have the meaning set forth in Section 7701 of the Code.

“Unpaid Interest Shortfall Amount”: With respect to the Class A Certificates and the Mezzanine Certificates and (i) the first Distribution Date, zero, and (ii) any Distribution Date after the first Distribution Date, the amount, if any, by which (a) the sum of (1) the Monthly Interest Distributable Amount for such Class for the immediately preceding Distribution Date and (2) the outstanding Unpaid Interest Shortfall Amount, if any, for such Class for such preceding Distribution Date exceeds (b) the aggregate amount distributed on such Class in respect of interest pursuant to clause (a) of this definition on such preceding Distribution Date, plus interest on the amount of interest due but not paid on the Certificates of such Class on such preceding Distribution Date, to the extent permitted by law, at the Pass-Through Rate for such Class for the related Accrual Period.

 


 

“Value”: With respect to any Mortgage Loan, and the related Mortgaged Property, the lesser of:

(1)

the lesser of (a) the value thereof as determined by an appraisal made for the originator of the Mortgage Loan at the time of origination of the Mortgage Loan by an appraiser who met the minimum requirements of Xxxxxx Mae and Xxxxxxx Mac, and (b) the value thereof as determined by a review appraisal conducted by the Originator in the event any such review appraisal determines an appraised value more than 10% lower than the value thereof, in the case of a Mortgage Loan with a Loan-to-Value Ratio less than or equal to 80%, or more than 5% lower than the value thereof, in the case of a Mortgage Loan with a Loan-to-Value Ratio greater than 80%, as determined by the appraisal referred to in clause (1)(a) above; and

(2)

the purchase price paid for the related Mortgaged Property by the Mortgagor with the proceeds of the Mortgage Loan; provided, however, that in the case of a refinanced Mortgage Loan (which is a Mortgage Loan the proceeds of which were not used to purchase the related Mortgaged Property) or a Mortgage Loan originated in connection with a “lease option purchase” if the “lease option purchase price” was set 12 months or more prior to origination, such value of the Mortgaged Property is based solely upon clause (1) above.

“Voting Rights”: The portion of the voting rights of all of the Certificates which is allocated to any Certificate. With respect to any date of determination, 98% of all Voting Rights will be allocated among the holders of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates in proportion to the then outstanding Certificate Principal Balances of their respective Certificates, 1% of all Voting Rights will be allocated to the holders of the Class P Certificates and 1% of all Voting Rights will be allocated among the holders of the Residual Certificates. The Voting Rights allocated to each Class of Certificate shall be allocated among Holders of each such Class in accordance with their respective Percentage Interests as of the most recent Record Date.

SECTION 1.02.

Allocation of Certain Interest Shortfalls.

For purposes of calculating the amount of the Monthly Interest Distributable Amount for the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for any Distribution Date, (1) the aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest payments by the Servicer or the Master Servicer) and any Relief Act Interest Shortfall incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to the Class CE Certificates based on, and to the extent of, one month’s interest at the then applicable respective Pass-Through Rate on the respective Notional Amount of each such Certificate and, thereafter, among the Class A Certificates and the Mezzanine Certificates on a pro rata basis based on, and to the extent of, one month’s interest at the then applicable respective Pass-Through Rate on the respective Certificate Principal Balance of each such Certificate and (2) the aggregate amount of any Realized Losses and Net WAC Rate Carryover Amounts incurred for any Distribution Date shall be allocated to the Class CE

 


Certificates based on, and to the extent of, one month’s interest at the then applicable respective Pass-Through Rate on the respective Notional Amount of each such Certificate.

For purposes of calculating the amount of Uncertificated Interest for the REMIC I Group I Regular Interests for any Distribution Date, the aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfalls incurred in respect of Loan Group I shall be allocated first, to REMIC I Regular Interest I and to the REMIC I Group I Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective REMIC I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC I Regular Interest, and then, to REMIC I Group I Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective REMIC I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC I Regular Interest. For purposes of calculating the amount of Uncertificated Interest for the REMIC I Group II Regular Interests for any Distribution Date, the aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfalls incurred in respect of Loan Group II shall be allocated first, to REMIC I Regular Interest II and to the REMIC I Group II Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective REMIC I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC I Regular Interest, and then, to REMIC I Group II Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective REMIC I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC I Regular Interest.

For purposes of calculating the amount of Uncertificated Interest for the REMIC II Regular Interests for any Distribution Date:

(A)       The REMIC II Marker Allocation Percentage of the aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Servicer pursuant to Section 3.24) and the REMIC II Marker Allocation Percentage of the aggregate amount of any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated among REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTZZ, on a pro rata basis based on, and to the extent of, one month’s interest at the then applicable respective Pass-Through Rate on the respective Uncertificated Balance of each such REMIC II Regular Interest; and

(B)       The REMIC II Sub WAC Allocation Percentage of the aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Servicer pursuant to Section 3.24) and the REMIC II Sub WAC Allocation Percentage of the aggregate

 


amount of any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated to Uncertificated Interest payable to REMIC II Regular Interest II-LT1SUB, REMIC II Regular Interest II-LT1GRP, REMIC II Regular Interest II-LT2SUB, REMIC II Regular Interest II-LT2GRP and REMIC II Regular Interest II-LTXX, on a pro rata basis based on, and to the extent of, one month’s interest at the then applicable respective Pass-Through Rate on the respective Uncertificated Balance of each such REMIC II Regular Interest.

SECTION 1.03.

Rights of the NIMS Insurer.

Each of the rights of the NIMS Insurer set forth in this Agreement shall exist so long as (i) the NIMS Insurer has undertaken to guarantee certain payments of notes issued pursuant to the Indenture and (ii) the notes issued pursuant to the Indenture remain outstanding or the NIMS Insurer is owed amounts in respect of its guarantee of payment on such notes; provided, however, the NIMS Insurer shall not have any rights hereunder (except pursuant to Section 11.01 and any rights to indemnification hereunder in the case of clause (ii) below) so long as (i) the NIMS Insurer has not undertaken to guarantee certain payments of notes issued pursuant to the Indenture or (ii) any default has occurred and is continuing under the insurance policy issued by the NIMS Insurer with respect to such notes.

 


 

ARTICLE II

 

CONVEYANCE OF MORTGAGE LOANS;

ORIGINAL ISSUANCE OF CERTIFICATES

SECTION 2.01.

Conveyance of the Mortgage Loans.

The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee without recourse, for the benefit of the Certificateholders, all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in and to the Mortgage Loans identified on the Mortgage Loan Schedule, the rights of the Depositor under the Servicing Agreement (as assigned to the Depositor pursuant to the Assignment, Assumption and Recognition Agreement), the Originator Master Agreement (as assigned to the Depositor pursuant to the Assignment and Recognition Agreements) and the Mortgage Loan Purchase Agreement, payments made to the Trust Administrator by the Swap Administrator under the Swap Administration Agreement and the Swap Account and all other assets included or to be included in REMIC I. Such assignment includes all interest and principal received by the Depositor or the Master Servicer on or with respect to the Mortgage Loans (other than payments of principal and interest due on such Mortgage Loans on or before the Cut-off Date). The Depositor herewith delivers to the Trustee execution copies of the Servicing Agreement, the Mortgage Loan Purchase Agreement and the Originator Master Agreements.

In connection with such transfer and assignment, the Depositor does hereby deliver to, and deposit with, the Trust Administrator, the Trustee or the Custodian, with respect the related Mortgage Loans, the following documents or instruments with respect to each Mortgage Loan so transferred and assigned (a “Mortgage File”):

(i)        the original Mortgage Note, endorsed in blank or in the following form: “Pay to the order of U.S. Bank National Association, as Trustee under the applicable agreement, without recourse,” with all prior and intervening endorsements showing a complete chain of endorsement from the originator to the Person so endorsing to the Trustee;

(ii)       the original Mortgage, noting the presence of the MIN of the Mortgage Loan and language indicating that the Mortgage Loan is a MOM Loan if the Mortgage Loan is a MOM Loan, with evidence of recording thereon, and the original recorded power of attorney, if the Mortgage was executed pursuant to a power of attorney, with evidence of recording thereon;

(iii)       unless the Mortgage Loan is registered on the MERS® System, an original Assignment in blank;

(iv)      the original recorded Assignment or Assignments showing a complete chain of assignment from the originator to the Person assigning the Mortgage to the Trustee (or to MERS, if the Mortgage Loan is registered on the MERS® System and

 


noting the presence of the MIN) as contemplated by the immediately preceding clause (iii);

(v)       the original or copies of each assumption, modification, written assurance or substitution agreement, if any; and

(vi)      the original lender’s title insurance policy, together with all endorsements or riders that were issued with or subsequent to the issuance of such policy, insuring the priority of the Mortgage as a first or second lien on the Mortgaged Property represented therein as a fee interest vested in the Mortgagor, or in the event such original title policy is unavailable, a written commitment or uniform binder or preliminary report of title issued by the title insurance or escrow company.

With respect to a maximum of approximately 1.0% of the Mortgage Loans, by outstanding Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, if any original Mortgage Note referred to in Section 2.01(i) above cannot be located, the obligations of the Depositor to deliver such documents shall be deemed to be satisfied upon delivery to the Trust Administrator, the Trustee or the Custodian, as applicable, of a photocopy of such Mortgage Note, if available, with a lost note affidavit substantially in the form of Exhibit I attached hereto. If any of the original Mortgage Notes for which a lost note affidavit was delivered to the Trust Administrator, the Trustee or the Custodian with respect to the related Mortgage Files, is subsequently located, such original Mortgage Note shall be delivered to the Trust Administrator, the Trustee or the Custodian, as applicable, within three Business Days.

Except with respect to any Mortgage Loan for which MERS is identified on the Mortgage or on a properly recorded assignment of the Mortgage as the mortgagee of record, the Trustee (upon receipt of notice from the Trust Administrator or the Custodian) shall promptly (within sixty Business Days following the later of the Closing Date and the date of receipt by such party of the recording information for a Mortgage, but in no event later than ninety days following the Closing Date) enforce the obligations of the related Originator or the Seller pursuant to the terms of the related Originator Master Agreements or the Mortgage Loan Purchase Agreement to submit or cause to be submitted for recording, at no expense to the Trust Fund, the Trust Administrator, the Trustee, the Custodian or the Depositor, in the appropriate public office for real property records, each Assignment referred to in Sections 2.01(iii) and (iv) above and in connection therewith, the Trustee (upon receipt of notice from the Trust Administrator or the Custodian) shall enforce the obligation of related Originator pursuant to the terms of the related Originator Master Agreement or the Mortgage Loan Purchase Agreement to execute each original Assignment in the following form: “U.S. Bank National Association, as Trustee under the applicable agreement.” In the event that any such Assignment is lost or returned unrecorded because of a defect therein, the Trustee (upon receipt of notice from the Trust Administrator or the Custodian) shall enforce the obligation of the related Originator or the Seller pursuant to the terms of the related Originator Master Agreement or the Mortgage Loan Purchase Agreement to promptly prepare or cause to be prepared a substitute Assignment or cure or cause to be cured such defect, as the case may be, and thereafter cause each such Assignment to be duly recorded.

In connection with the assignment of any Mortgage Loan registered on the MERS® System, the Depositor further agrees that it will cause, within 30 Business Days after the Closing Date, the MERS® System to indicate that such Mortgage Loans have been assigned

 


by the Depositor to the Trustee in accordance with this Agreement for the benefit of the Certificateholders by including (or deleting, in the case of Mortgage Loans which are repurchased in accordance with this Agreement) in such computer files (a) the code in the field which identifies the specific Trustee and (b) the code in the field “Pool Field” which identifies the series of the Certificates issued in connection with such Mortgage Loans. The Depositor further agrees that it will not, and will not permit the Master Servicer to, and the Master Servicer agrees that it will not, alter the codes referenced in this paragraph with respect to any Mortgage Loan during the term of this Agreement.

If any of the documents referred to in Sections 2.01(ii), (iii) or (iv) has, as of the Closing Date, been submitted for recording but either (x) has not been returned from the applicable public recording office or (y) has been lost or such public recording office has retained the original of such document, the obligations of the Depositor to deliver such documents shall be deemed to be satisfied upon (1) delivery to the Trust Administrator, the Trustee or the Custodian, as applicable, of a copy of each such document certified by the related Originator or the Seller in the case of (x) above or the applicable public recording office in the case of (y) above to be a true and complete copy of the original that was submitted for recording and (2) if such copy is certified by the applicable Originator or the Seller, delivery to the Trust Administrator, the Trustee or the Custodian, as applicable, promptly upon receipt thereof of either the original or a copy of such document certified by the applicable public recording office to be a true and complete copy of the original. Pursuant to the Mortgage Loan Purchase Agreement, notice shall be provided to the Trust Administrator and the Rating Agencies by the related Originator or the Seller if delivery pursuant to clause (2) above will be made more than 180 days after the Closing Date.

If the original lender’s title insurance policy was not delivered pursuant to Section 2.01(vi) above, the Depositor shall deliver or cause to be delivered to the Trust Administrator, the Trustee or the Custodian, as applicable, promptly after receipt thereof, the original lender’s title insurance policy. The Depositor shall deliver or cause to be delivered to the Trust Administrator, the Trustee or the Custodian, as applicable, promptly upon receipt thereof any other original documents constituting a part of a Mortgage File received with respect to any Mortgage Loan, including, but not limited to, any original documents evidencing an assumption or modification of any Mortgage Loan.

All original documents relating to the Mortgage Loans that are not delivered to the Trust Administrator, the Trustee or the Custodian, as applicable are and shall be held by or on behalf of the related Originator, the Seller, the Depositor, the Servicer or the Master Servicer, as the case may be, in trust for the benefit of the Trustee on behalf of the Certificateholders. In the event that any such original document is required pursuant to the terms of this Section 2.01 to be a part of a Mortgage File, such document shall be delivered promptly to the Trust Administrator, the Trustee or the Custodian, as applicable. Any such original document delivered to or held by the Depositor that is not required pursuant to the terms of this Section to be a part of a Mortgage File, shall be delivered promptly to the Servicer.

The Depositor and the Trustee hereto understand and agree that it is not intended that any Mortgage Loan be included in the Trust that is a “High-Cost Home Loan” as defined by

 


the Homeownership and Equity Protection Act of 1994 or any other applicable predatory or abusive lending laws.

The Depositor hereby directs the Trust Administrator to execute, deliver and perform its obligations under the Interest Rate Swap Agreement (in its capacity as Supplemental Interest Trust Trustee) and to assign any rights to receive payments from the Swap Provider to the Swap Administrator pursuant to the Swap Administration Agreement and the Depositor further directs the Trust Administrator to execute, deliver and perform its obligations under the Swap Administration Agreement. The Seller, the Depositor, the Servicer and the Holders of the Class A Certificates and the Mezzanine Certificates by their acceptance of such Certificates acknowledge and agree that the Trust Administrator shall execute, deliver and perform its obligations under the Interest Rate Swap Agreement and the Swap Administration Agreement and shall do so solely in its capacity as Trust Administrator or as Swap Administrator, as the case may be, and not in its individual capacity. Every provision of this Agreement relating to the conduct or affecting the liability of or affording protection to the Trust Administrator shall apply to the Trust Administrator’s execution of the Interest Rate Swap Agreement and the Swap Administration Agreement, and the performance of its duties and satisfaction of its obligations thereunder.

SECTION 2.02.

Acceptance of REMIC I by Trustee.

The Trust Administrator, the Trustee and the Custodian acknowledge receipt, subject to the provisions of Section 2.01 and subject to any exceptions noted on the exception report described in the next paragraph below, of the documents referred to in Section 2.01 with respect to the related Mortgage Loans (other than such documents described in Section 2.01(v)) above and all other assets included in the definition of “REMIC I” under clauses (i), (iii), (iv) and (v) (to the extent of amounts deposited into the Distribution Account) and declares that it holds and will hold such documents and the other documents delivered to it constituting a Mortgage File, and that it holds or will hold all such assets and such other assets included in the definition of “REMIC I” in trust for the exclusive use and benefit of all present and future Certificateholders.

The Trust Administrator and the Trustee each agree to execute and deliver with respect to the related Mortgage Files, and the Trustee agrees to cause the Custodian to execute and deliver (in the form attached to the Custodial Agreement), to the Depositor and the NIMS Insurer on or prior to the Closing Date, an acknowledgment of receipt of the original Mortgage Note (with any exceptions noted), substantially in the form attached as Exhibit C-3 hereto.

The Trust Administrator, the Trustee and the Custodian each agree, for the benefit of the Certificateholders and the NIMS Insurer, to review the Mortgage Files held by such party and, within 45 days of the Closing Date to certify in substantially the form attached hereto as Exhibit C-1 (or cause the Custodian with respect to the Deutsche Bank Files to certify in the form of the Initial Certification attached to the Custodial Agreement) that, as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full or any Mortgage Loan specifically identified in the exception report annexed thereto as not being covered by such certification), (i) all documents constituting part of such Mortgage File (other than such documents described in Section 2.01(v)) required to be delivered to it pursuant to this

 


Agreement are in its possession, (ii) such documents have been reviewed by it and appear regular on their face and relate to such Mortgage Loan and (iii) based on its examination and only as to the foregoing, the information set forth in the Mortgage Loan Schedule that corresponds to items (i), (iii), (x), (xi), (xii), (xv) and (xviii) of the definition of “Mortgage Loan Schedule” accurately reflects information set forth in the Mortgage File. It is herein acknowledged that, in conducting such review, the Trust Administrator, Trustee or the Custodian, as applicable is under no duty or obligation (i) to inspect, review or examine any such documents, instruments, certificates or other papers to determine whether they are genuine, enforceable, or appropriate for the represented purpose or whether they have actually been recorded or that they are other than what they purport to be on their face or (ii) to determine whether any Mortgage File should include any of the documents specified in clause (v) of Section 2.01.

Prior to the first anniversary date of this Agreement the Trust Administrator, Trustee and the Custodian shall deliver to the Depositor, the NIMS Insurer, the Trustee, the Servicer and the Master Servicer a final certification with respect to the related Mortgage Files, in the form annexed hereto as Exhibit C-2 (or with respect to the Custodian, in the form attached to the Custodial Agreement) evidencing the completeness of such Mortgage Files, with any applicable exceptions noted thereon.

If in the process of reviewing the Mortgage Files and making or preparing, as the case may be, the certifications referred to above, the Trust Administrator, Trustee or the Custodian finds any document or documents constituting a part of a Mortgage File to be missing or defective in any material respect, at the conclusion of its review, such party shall so notify the Depositor, the NIMS Insurer, the Trustee, the Servicer and the Master Servicer. In addition, upon the discovery by the Depositor, the NIMS Insurer, the Servicer, the Master Servicer or the Trustee of a breach of any of the representations and warranties made by the related Originator or the Seller in the related Originator Master Agreement or the Mortgage Loan Purchase Agreement, as applicable, in respect of any Mortgage Loan which materially adversely affects such Mortgage Loan or the interests of the related Certificateholders in such Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties.

The Trust Administrator, Trustee or the Custodian, as applicable shall, at the written request and expense of any Certificateholder, provide a written report to such Certificateholder of all related Mortgage Files released to the Servicer for servicing purposes.

The Depositor and the Trustee intend that the assignment and transfer herein contemplated constitute a sale of the Mortgage Loans, the related Mortgage Notes and the related documents, conveying good title thereto free and clear of any liens and encumbrances, from the Depositor to the Trustee in trust for the benefit of the Certificateholders and that such property not be part of the Depositor’s estate or property of the Depositor in the event of any insolvency by the Depositor. In the event that such conveyance is deemed to be, or to be made as security for, a loan, the parties intend that the Depositor shall be deemed to have granted and does hereby grant to the Trustee a first priority perfected security interest in all of the Depositor’s right, title and interest in and to the Mortgage Loans, the related Mortgage Notes and the related documents, and that this Agreement shall constitute a security agreement under applicable law.

 


 

SECTION 2.03.

Repurchase or Substitution of Mortgage Loans by the Originator or the Seller.

(a)       Upon discovery or receipt of notice of any materially defective document in, or that a document is missing from, a Mortgage File or of the breach by an Originator or the Seller of any representation, warranty or covenant under the Assignment Agreement, the Originator Master Agreement or the Mortgage Loan Purchase Agreement, as applicable, (including any representation, warranty or covenant regarding the Prepayment Charge Schedule) in respect of any Mortgage Loan that materially adversely affects the value of such Mortgage Loan or the interest therein of the Certificateholders, the Trust Administrator or the Trustee (who shall have received notice from the Custodian), as applicable, shall promptly notify the Originator, the NIMS Insurer, the Seller, the Servicer and the Master Servicer of such defect, missing document or breach and request that the related Originator or the Seller, as applicable, deliver such missing document or cure such defect or breach within 90 days from the date such Originator or the Seller, as applicable, was notified of such missing document, defect or breach, and if the related Originator or the Seller, as applicable, does not deliver such missing document or cure such defect or breach in all material respects during such period, the Trustee shall enforce the obligations of the related Originator or the Seller, as applicable, under the Assignment Agreement or the related Originator Master Agreement or the Mortgage Loan Purchase Agreement, as applicable, to repurchase such Mortgage Loan from REMIC I at the Purchase Price within 90 days after the date on which the Originator or the Seller, as applicable, was notified (subject to Section 2.03(c)) of such missing document, defect or breach, if and to the extent that the related Originator or the Seller, as applicable, is obligated to do so under the Assignment Agreement, the related Originator Master Agreement or the Mortgage Loan Purchase Agreement, as applicable. The Purchase Price for the repurchased Mortgage Loan shall be remitted to the Master Servicer for deposit into the Distribution Account and the Trust Administrator, the Trustee or the Custodian, as applicable, upon receipt of written notice from the Master Servicer of such deposit, shall release to the related Originator or the Seller, as applicable, the related Mortgage File and such party shall execute and deliver such instruments of transfer or assignment, in each case without recourse, as the related Originator or the Seller, as applicable, shall furnish to it and as shall be necessary to vest in the related Originator or the Seller, as applicable, any Mortgage Loan released pursuant hereto. In furtherance of the foregoing, if the related Originator or the Seller, as applicable, is not a member of MERS and repurchases a Mortgage Loan which is registered on the MERS® System, the related Originator or the Seller, as applicable, at its own expense and without any right of reimbursement, shall cause MERS to execute and deliver an assignment of the Mortgage in recordable form to transfer the Mortgage from MERS to the related Originator or the Seller, as applicable, and shall cause such Mortgage to be removed from registration on the MERS® System in accordance with MERS’ rules and regulations. The Trust Administrator, the Trustee or the Custodian, as applicable shall not have any further responsibility with regard to such Mortgage File. In lieu of repurchasing any such Mortgage Loan as provided above, if so provided in the Assignment Agreement, the related Originator Master Agreement or the Mortgage Loan Purchase Agreement, the related Originator or the Seller, as applicable, may cause such Mortgage Loan to be removed from REMIC I (in which case it shall become a Deleted Mortgage Loan) and substitute one or more Qualified Substitute Mortgage Loans in the manner and subject to the limitations set forth in Section 2.03(b); provided, however, the related Originator or the Seller, as

 


applicable, may not substitute a Qualified Substitute Mortgage Loan for any Deleted Mortgage Loan that violates any predatory or abusive lending law. It is understood and agreed that the obligation of an Originator or the Seller, as applicable, to cure or to repurchase (or to substitute for) any Mortgage Loan as to which a document is missing, a material defect in a constituent document exists or as to which such a breach has occurred and is continuing shall constitute the sole remedy respecting such omission, defect or breach available to the Trustee and the Certificateholders.

(b)       Any substitution of Qualified Substitute Mortgage Loans for Deleted Mortgage Loans made pursuant to Section 2.03(a) must be effected prior to the date which is two years after the Startup Day for REMIC I.

As to any Deleted Mortgage Loan for which an Originator or the Seller, as applicable, substitutes a Qualified Substitute Mortgage Loan or Loans, such substitution shall be effected by the related Originator or the Seller, as applicable, delivering to the Trust Administrator, the Trustee or the Custodian, as applicable, for such Qualified Substitute Mortgage Loan or Loans, the Mortgage Note, the Mortgage, the Assignment in blank or to the Trustee, and such other documents and agreements, with all necessary endorsements thereon, as are required by Section 2.01, together with an Officers’ Certificate providing that each such Qualified Substitute Mortgage Loan satisfies the definition thereof and specifying the Substitution Adjustment Amount (as described below), if any, in connection with such substitution. The Trust Administrator, the Trustee or the Custodian, as applicable, shall acknowledge receipt for such Qualified Substitute Mortgage Loan or Loans and, within ten Business Days thereafter, review such documents as specified in Section 2.02 and deliver to the Depositor, the NIMS Insurer, the Servicer and the Master Servicer, with respect to such Qualified Substitute Mortgage Loan or Loans, a certification substantially in the form attached hereto as Exhibit C-1, with any applicable exceptions noted thereon. Within one year of the date of substitution, the Trust Administrator, the Trustee or the Custodian, as applicable, shall deliver to the Depositor, the NIMS Insurer, the Servicer and the Master Servicer a certification substantially in the form of Exhibit C-2 hereto with respect to such Qualified Substitute Mortgage Loan or Loans, with any applicable exceptions noted thereon. Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution are not part of REMIC I and will be retained by the related Originator or the Seller, as applicable. For the month of substitution, distributions to Certificateholders will reflect the Monthly Payment due on such Deleted Mortgage Loan on or before the Due Date in the month of substitution, and the related Originator or the Seller, as applicable, shall thereafter be entitled to retain all amounts subsequently received in respect of such Deleted Mortgage Loan. The Depositor shall give or cause to be given written notice to the Certificateholders and the NIMS Insurer that such substitution has taken place, shall amend the Mortgage Loan Schedule to reflect the removal of such Deleted Mortgage Loan from the terms of this Agreement and the substitution of the Qualified Substitute Mortgage Loan or Loans and shall deliver a copy of such amended Mortgage Loan Schedule to the Master Servicer, the Trust Administrator, the Custodian, the Servicer and the NIMS Insurer. Upon such substitution, such Qualified Substitute Mortgage Loan or Loans shall constitute part of the Mortgage Pool and shall be subject in all respects to the terms of this Agreement, the Assignment Agreement, the related Originator Master Agreement or the Mortgage Loan Purchase Agreement, as applicable, including, all applicable

 


representations and warranties thereof included in the Assignment Agreement, the related Originator Master Agreement or the Mortgage Loan Purchase Agreement, as applicable.

For any month in which an Originator or the Seller, as applicable, substitutes one or more Qualified Substitute Mortgage Loans for one or more Deleted Mortgage Loans, the Master Servicer will monitor the obligation of the Servicer, to the extent provided in the Servicing Agreement, to determine the amount (the “Substitution Adjustment Amount”), if any, by which the aggregate Purchase Price of all such Deleted Mortgage Loans exceeds the aggregate of, as to each such Qualified Substitute Mortgage Loan, the Stated Principal Balance thereof as of the date of substitution, together with one month’s interest on such Stated Principal Balance at the applicable Net Mortgage Rate, plus all outstanding Advances and Servicing Advances (including Nonrecoverable Advances and Nonrecoverable Servicing Advances) related thereto. If the Servicing Agreement does not require the Servicer to determine the Substitution Adjustment Amount, the Master Servicer, based on information provided to it by the Servicer, shall determine the Substitution Adjustment Amount. Upon receipt of the Servicer’s determination of the Substitution Adjustment Amount or upon determination by the Master Servicer of the Substitution Adjustment Amount, the Master Servicer shall give prompt written notice thereof to the Trust Administrator. On the date of such substitution, the related Originator or the Seller, as applicable, will deliver or cause to be delivered to the Master Servicer for deposit in the Distribution Account an amount equal to the Substitution Adjustment Amount, if any, and the Trust Administrator, the Trustee or the Custodian, as applicable, upon receipt of the related Qualified Substitute Mortgage Loan or Loans and written notice by the Master Servicer of such deposit, shall release to the related Originator or the Seller, as applicable, the related Mortgage File or Files and such party shall execute and deliver such instruments of transfer or assignment, in each case without recourse, to the related Originator or the Seller, as applicable, as shall be necessary to vest therein any Deleted Mortgage Loan released pursuant hereto.

In addition, the related Originator or the Seller, as applicable, shall obtain at its own expense and deliver to the Trustee, the Trust Administrator and the NIMS Insurer an Opinion of Counsel to the effect that such substitution will not cause (a) any federal tax to be imposed on any Trust REMIC, including without limitation, any federal tax imposed on “prohibited transactions” under Section 860F(a)(1) of the Code or on “contributions after the startup date” under Section 860G(d)(1) of the Code, or (b) any Trust REMIC to fail to qualify as a REMIC at any time that any Certificate is outstanding.

(c)       Upon discovery by the Depositor, the NIMS Insurer, an Originator, the Seller, the Master Servicer, the Trust Administrator or the Trustee that any Mortgage Loan does not constitute a “qualified mortgage” within the meaning of Section 860G(a)(3) of the Code, the party discovering such fact shall within two Business Days give written notice thereof to the other parties hereto and the Trustee shall give written notice to the related Originator and the Seller. In connection therewith, the related Originator, the Seller or the Depositor shall repurchase or, subject to the limitations set forth in Section 2.03(b), substitute one or more Qualified Substitute Mortgage Loans for the affected Mortgage Loan within 90 days of the earlier of discovery or receipt of such notice with respect to such affected Mortgage Loan. Such repurchase or substitution shall be made by (i) the related Originator or the Seller, as the case may be, if the affected Mortgage Loan’s status as a non-qualified mortgage is or results from a

 


breach of any representation, warranty or covenant made by such Originator or the Seller, as the case may be, under the Servicing Agreement or the Originator Master Agreement or the Mortgage Loan Purchase Agreement, as applicable, or (ii) the Depositor, if the affected Mortgage Loan’s status as a non-qualified mortgage is a breach of no representation or warranty. Any such repurchase or substitution shall be made in the same manner as set forth in Section 2.03(a). The Trust Administrator, the Trustee or the Custodian, as applicable, shall reconvey to the Depositor, the related Originator or the Seller, as the case may be, the Mortgage Loan to be released pursuant hereto in the same manner, and on the same terms and conditions, as it would a Mortgage Loan repurchased for breach of a representation or warranty.

SECTION 2.04.

Reserved.

SECTION 2.05.

Representations, Warranties and Covenants of the Master Servicer.

The Master Servicer hereby represents, warrants and covenants to the Trustee, for the benefit of each of the Trustee and the Certificateholders, and to the Depositor that as of the Closing Date or as of such date specifically provided herein:

(1)       The Master Servicer is a national banking association duly formed, validly existing and in good standing under the laws of the United States of America and is duly authorized and qualified to transact any and all business contemplated by this Agreement to be conducted by the Master Servicer;

(2)       The Master Servicer has the full power and authority to conduct its business as presently conducted by it and to execute, deliver and perform, and to enter into and consummate, all transactions contemplated by this Agreement. The Master Servicer has duly authorized the execution, delivery and performance of this Agreement, has duly executed and delivered this Agreement, and this Agreement, assuming due authorization, execution and delivery by the Depositor and the Trustee, constitutes a legal, valid and binding obligation of the Master Servicer, enforceable against it in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity;

(3)       The execution and delivery of this Agreement by the Master Servicer, the consummation by the Master Servicer of any other of the transactions herein contemplated, and the fulfillment of or compliance with the terms hereof are in the ordinary course of business of the Master Servicer and will not (A) result in a breach of any term or provision of charter and by-laws of the Master Servicer or (B) conflict with, result in a breach, violation or acceleration of, or result in a default under, the terms of any other material agreement or instrument to which the Master Servicer is a party or by which it may be bound, or any statute, order or regulation applicable to the Master Servicer of any court, regulatory body, administrative agency or governmental body having jurisdiction over the Master Servicer; and the Master Servicer is not a party to, bound by, or in breach or violation of any indenture or other agreement or instrument, or subject to or in violation of any statute, order or regulation of any court, regulatory body,

 


administrative agency or governmental body having jurisdiction over it, which materially and adversely affects or, to the Master Servicer’s knowledge, would in the future materially and adversely affect, the ability of the Master Servicer to perform its obligations under this Agreement;

(4)       The Master Servicer or an Affiliate thereof is an approved seller/servicer for Xxxxxx Xxx or Xxxxxxx Mac in good standing and is a HUD approved mortgagee pursuant to Section 203 of the National Housing Act;

(5)       The Master Servicer does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant made by it and contained in this Agreement;

(6)       No litigation is pending against the Master Servicer that would materially and adversely affect the execution, delivery or enforceability of this Agreement or the ability of the Master Servicer to perform any of its other obligations hereunder in accordance with the terms hereof,

(7)       There are no actions or proceedings against, or investigations known to it of, the Master Servicer before any court, administrative or other tribunal (A) that might prohibit its entering into this Agreement, (B) seeking to prevent the consummation of the transactions contemplated by this Agreement or (C) that might prohibit or materially and adversely affect the performance by the Master Servicer of its obligations under, or validity or enforceability of, this Agreement; and

(8)       No consent, approval, authorization or order of any court or governmental agency or body is required for the execution, delivery and performance by the Master Servicer of, or compliance by the Master Servicer with, this Agreement or the consummation of the transactions contemplated by this Agreement, except for such consents, approvals, authorizations or orders, if any, that have been obtained prior to the Closing Date.

It is understood and agreed that the representations, warranties and covenants set forth in this Section 2.05 shall survive delivery of the Mortgage Files to the Trust Administrator, the Trustee or the Custodian, as applicable and shall inure to the benefit of the Trustee, the Depositor and the Certificateholders. Upon discovery by any of the Depositor, the Master Servicer, the NIMS Insurer or the Trustee of a breach of any of the foregoing representations, warranties and covenants which materially and adversely affects the value of any Mortgage Loan or the interests therein of the Certificateholders, the party discovering such breach shall give prompt written notice (but in no event later than two Business Days following such discovery) to other parties to this Agreement.

 


 

SECTION 2.06.

Conveyance of REMIC Regular Interests and Acceptance of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI by the Trustee; Issuance of Certificates.

(a)       The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets described in the definition of REMIC I for the benefit of the Holders of the REMIC I Regular Interests (which are uncertificated) and the Class R Certificates (in respect of the Class R-I Interest). The Trustee acknowledges receipt of the assets described in the definition of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests and the Class R Certificates (in respect of the Class R-I Interest). The interests evidenced by the Class R-I Interest, together with the REMIC I Regular Interests, constitute the entire beneficial ownership interest in REMIC I.

(b)       The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests (which are uncertificated) for the benefit of the Holders of the REMIC II Regular Interests (which are uncertificated) and the Class R Certificates (in respect of the Class R-II Interest). The Trustee acknowledges receipt of the REMIC I Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the REMIC II Regular Interests and the Class R Certificates (in respect of the Class R-II Interest). The interests evidenced by the Class R-II Interest, together with the REMIC II Regular Interests, constitute the entire beneficial ownership interest in REMIC II.

(c)       The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests (which are uncertificated) for the benefit of the Holders of the REMIC III Regular Interests and the Class R Certificates (in respect of the Class R-III Interest). The Trustee acknowledges receipt of the REMIC II Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the REMIC III Regular Interests and the Class R Certificates (in respect of the Class R-III Interest). The interests evidenced by the Class R-III Interest, together with the Regular Certificates (other than the Class CE Certificates and the Class P Certificates), the Class CE Interest, the Class P Interest and the Swap-IO Interest, constitute the entire beneficial ownership interest in REMIC III.

(d)       The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Class CE Interest (which is uncertificated) for the benefit of the Holders of the Class CE Certificates and the Class R-X Certificates (in respect of the Class R-IV Interest). The Trustee acknowledges receipt of the Class CE Interest and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Class CE Certificates and the Class R-X Certificates (in respect of the Class R-IV Interest). The interests evidenced by the Class R-IV Interest, together with the Class CE Certificates, constitute the entire beneficial ownership interest in REMIC IV.

 


 

 

 

 

(e)       The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Class P Interest (which is uncertificated) for the benefit of the Holders of the Class P Certificates and the Class R-X Certificates (in respect of the Class R-V Interest). The Trustee acknowledges receipt of the Class P Interest and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Class P Certificates and the Class R-X Certificates (in respect of the Class R-V Interest). The interests evidenced by the Class R-V Interest, together with the Class P Certificates, constitute the entire beneficial ownership interest in REMIC V.

(f)         The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Class Swap-IO Interest (which is uncertificated) for the benefit of the Holders of REMIC VI Regular Interest Swap-IO and the Class R-X Certificates (in respect of the Class R-VI Interest). The Trustee acknowledges receipt of the Class Swap-IO Interest and declares that it holds and shall hold the same in trust for the exclusive use and benefit of the Holders of REMIC VI Regular Interest Swap-IO and the Class R-X Certificates (in respect of the Class R-VI Interest). The interests evidenced by the Class R-VI Interest, together with REMIC VI Regular Interest Swap-IO, constitute the entire beneficial ownership interest in REMIC VI.

SECTION 2.07.

Issuance of Class R Certificates and Class R-X Certificates.

(a)        The Trustee acknowledges the assignment to it of the REMIC I Regular Interests and REMIC II Regular Interests and, concurrently therewith and in exchange therefor, pursuant to the written request of the Depositor executed by an officer of the Depositor, the Trustee has executed, authenticated and delivered to or upon the order of the Depositor, the Class R Certificates in authorized denominations. The interests evidenced by the Class R Certificates, together with the REMIC III Certificates, constitute the entire beneficial ownership interest in REMIC III.

(b)        The Trustee acknowledges the assignment to it of the Class CE Interest, the Class P Interest and the Class Swap-IO Interest, concurrently therewith and in exchange therefor, pursuant to the written request of the Depositor executed by an officer of the Depositor, the Trustee has executed, authenticated and delivered to or upon the order of the Depositor, the Class R-X Certificates in authorized denominations. The interests evidenced by the Class R-X Certificates, together with the Class CE Certificates and the Class P Certificates constitute the entire beneficial ownership interest in REMIC IV, REMIC V and REMIC VI.

 


 

ARTICLE III

 

ADMINISTRATION AND SERVICING

OF THE MORTGAGE LOANS

SECTION 3.01.

Master Servicer to Act as Master Servicer

The Master Servicer shall supervise, monitor and oversee the obligation of the Servicer to service and administer the Mortgage Loans in accordance with the terms of the Servicing Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with Accepted Master Servicing Practices. Furthermore, the Master Servicer shall oversee and consult with the Servicer as necessary from time-to-time to carry out the Master Servicer’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicer and shall cause the Servicer to perform and observe the covenants, obligations and conditions to be performed or observed by the Servicer under the Servicing Agreement. The Master Servicer shall independently monitor the Servicer’s servicing activities with respect to each Mortgage Loan, reconcile the results of such monitoring with such information provided in the previous sentence on a monthly basis and coordinate corrective adjustments to the Servicer’s and Master Servicer’s records, and based on such reconciled and corrected information, the Master Servicer shall provide such information to the Trust Administrator as shall be necessary in order for it to prepare the statements specified in Section 4.02, and prepare any other information and statements required to be forwarded by the Master Servicer hereunder. The Master Servicer shall reconcile the results of its Mortgage Loan monitoring with the actual remittances of the Servicer to the Custodial Account pursuant to the Servicing Agreement.

The Trustee shall furnish the Servicer and the Master Servicer with any powers of attorney and other documents in form as provided to it necessary or appropriate to enable the Servicer and the Master Servicer to service and administer the Mortgage Loans and REO Properties.

The Trustee and the Trust Administrator shall provide access to the records and documentation in possession of the Trustee or the Trust Administrator, as applicable, regarding the Mortgage Loans and REO Properties and the servicing thereof to the Certificateholders, the FDIC, and the supervisory agents and examiners of the FDIC, such access being afforded only upon reasonable prior written request and during normal business hours at the office of the Trustee or the Trust Administrator, as applicable; provided, however, that, unless otherwise required by law, neither the Trustee nor the Trust Administrator shall be required to provide access to such records and documentation if the provision thereof would violate the legal right to privacy of any Mortgagor. The Trustee and the Trust Administrator shall allow representatives of the above entities to photocopy any of the records and documentation and shall provide equipment for that purpose at a charge that covers the Trustee’s or Trust Administrator’s, as applicable, actual costs.

 


 

The Trustee shall execute and deliver to the Servicer and the Master Servicer any court pleadings, requests for trustee’s sale or other documents necessary or desirable to (i) the foreclosure or trustee’s sale with respect to a Mortgaged Property; (ii) any legal action brought to obtain judgment against any Mortgagor on the Mortgage Note or Security Instrument; (iii) obtain a deficiency judgment against the Mortgagor; or (iv) enforce any other rights or remedies provided by the Mortgage Note or Mortgage or otherwise available at law or equity.

In the event a term or provision of this Agreement conflicts with a term or provision of the Servicing Agreement or the Assignment, Assumption and Recognition Agreement, the terms and provisions of the latter shall prevail.

SECTION 3.02.

[Reserved].

 

SECTION 3.03.

Monitoring of Servicer.

(a)        The Master Servicer shall be responsible for reporting to the Trustee, the Trust Administrator and the Depositor the compliance by the Servicer with its duties under the Servicing Agreement. In the review of the Servicer’s activities, the Master Servicer may rely upon an officer’s certificate of the Servicer (or similar document signed by a Servicing Officer of the Servicer) with regard to the Servicer’s compliance with the terms of the Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with the Servicing Agreement, or that a notice should be sent pursuant to the Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor, the Trust Administrator and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

(b)        The Master Servicer, for the benefit of the Trustee and the Certificateholders, shall enforce the obligations of the Servicer under the Servicing Agreement, and shall, in the event that the Servicer fails to perform its obligations in accordance with the Servicing Agreement, subject to the preceding paragraph, terminate the rights and obligations of the Servicer thereunder and act as Servicer of the Mortgage Loans or cause the Trustee to enter into a new Servicing Agreement with a successor Servicer selected by the Master Servicer; provided, however, it is understood and acknowledged by the parties hereto that there will be a period of transition (not to exceed 90 days) before the actual servicing functions can be fully transferred to such successor Servicer. Such enforcement, including, without limitation, the legal prosecution of claims, termination of the Servicing Agreement and the pursuit of other appropriate remedies, shall be in such form and carried out to such an extent and at such time as the Master Servicer, in its good faith business judgment, would require were it the owner of the Mortgage Loans. The Master Servicer shall pay the costs of such enforcement at its own expense, provided that the Master Servicer shall not be required to prosecute or defend any legal action except to the extent that the Master Servicer shall have received reasonable indemnity for its costs and expenses in pursuing such action.

(c)        To the extent that the costs and expenses of the Master Servicer related to any termination of the Servicer, appointment of a successor Servicer or the transfer and assumption of servicing by the Master Servicer with respect to the Servicing Agreement

 


(including, without limitation, (i) all legal costs and expenses and all due diligence costs and expenses associated with an evaluation of the potential termination of the Servicer as a result of an event of default by the Servicer under the Servicing Agreement and (ii) all costs and expenses associated with the complete transfer of servicing, including all servicing files and all servicing data and the completion, correction or manipulation of such servicing data as may be required by the successor Servicer to correct any errors or insufficiencies in the servicing data or otherwise to enable the successor Servicer to service the Mortgage Loans in accordance with the Servicing Agreement) are not fully and timely reimbursed by the terminated Servicer, the Master Servicer shall be entitled to reimbursement of such costs and expenses from the Distribution Account.

(d)        The Master Servicer shall require the Servicer to comply with the remittance requirements and other obligations set forth in the Servicing Agreement.

(e)        If the Master Servicer acts as Servicer, it will not assume liability for the representations and warranties of the Servicer, if any, that it replaces.

SECTION 3.04.

Fidelity Bond

The Master Servicer, at its expense, shall maintain in effect a blanket fidelity bond and an errors and omissions insurance policy, affording coverage with respect to all directors, officers, employees and other Persons acting on such Master Servicer’s behalf, and covering errors and omissions in the performance of the Master Servicer’s obligations hereunder. The errors and omissions insurance policy and the fidelity bond shall be in such form and amount generally acceptable for entities serving as master Servicer or trustees.

SECTION 3.05.

Power to Act; Procedures.

The Master Servicer shall master service the Mortgage Loans and shall have full power and authority, subject to the REMIC Provisions, the provisions of Article X hereof and the Servicing Agreement, to do any and all things that it may deem necessary or desirable in connection with the master servicing and administration of the Mortgage Loans, including but not limited to the power and authority (i) to execute and deliver, on behalf of the Certificateholders and the Trustee, customary consents or waivers and other instruments and documents, (ii) to consent to transfers of any Mortgaged Property and assumptions of the Mortgage Notes and related Mortgages, (iii) to collect any Insurance Proceeds and Liquidation Proceeds, and (iv) to effectuate foreclosure or other conversion of the ownership of the Mortgaged Property securing any Mortgage Loan, in each case, in accordance with the provisions of this Agreement and the Servicing Agreement, as applicable; provided, however, that the Master Servicer shall not (and, consistent with its responsibilities under Article X, shall not permit any Servicer to) knowingly or intentionally take any action, or fail to take (or fail to cause to be taken) any action reasonably within its control and the scope of duties more specifically set forth herein, that, under the REMIC Provisions, if taken or not taken, as the case may be, would cause the Trust REMIC to fail to qualify as a REMIC or result in the imposition of a tax upon the Trust Fund (including but not limited to the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section 860G(d) of the Code) unless the Master Servicer has received an Opinion of Counsel (but not at the expense of the Master Servicer) to the effect that the contemplated action would

 


not cause any REMIC to fail to qualify as a REMIC or result in the imposition of a tax upon any REMIC. The Trustee shall furnish the Master Servicer or the Servicer, upon written request from a Servicing Officer, with any powers of attorney empowering the Master Servicer or the Servicer to execute and deliver instruments of satisfaction or cancellation, or of partial or full release or discharge, and to foreclose upon or otherwise liquidate Mortgaged Property, and to appeal, prosecute or defend in any court action relating to the Mortgage Loans or the Mortgaged Property, in accordance with the Servicing Agreement and this Agreement, and the Trustee shall execute and deliver such other documents, as the Master Servicer may request, to enable the Master Servicer to master service and administer the Mortgage Loans and carry out its duties hereunder, in each case in accordance with Accepted Master Servicing Practices (and the Trustee shall have no liability for misuse of any such powers of attorney by the Master Servicer or the Servicer). If the Master Servicer or the Trustee has been advised that it is likely that the laws of the state in which action is to be taken prohibit such action if taken in the name of the Trustee or that the Trustee would be adversely affected under the “doing business” or tax laws of such state if such action is taken in its name, the Master Servicer shall join with the Trustee in the appointment of a co-trustee pursuant to Section 8.10 hereof. In the performance of its duties hereunder, the Master Servicer shall be an independent contractor and shall not, except in those instances where it is taking action in the name of the Trustee, be deemed to be the agent of the Trustee.

SECTION 3.06.

Due on Sale Clauses; Assumption Agreements.

To the extent provided in the Servicing Agreement, to the extent Mortgage Loans contain enforceable due-on-sale clauses, the Master Servicer shall cause the Servicer to enforce such clauses in accordance with the Servicing Agreement. If applicable law prohibits the enforcement of a due-on-sale clause or such clause is otherwise not enforced in accordance with the Servicing Agreement, and, as a consequence, a Mortgage Loan is assumed, the original Mortgagor may be released from liability in accordance with the Servicing Agreement.

SECTION 3.07.

Release of Mortgage Files.

(a)        Upon becoming aware of the payment in full of any Mortgage Loan, or the receipt by the Servicer of a notification that payment in full has been escrowed in a manner customary for such purposes for payment to Certificateholders on the next Distribution Date, the Servicer will, if required under the Servicing Agreement (or if the Servicer does not, the Master Servicer may), promptly furnish to the Trust Administrator, the Trustee or the Custodian, as applicable, two copies of a certification substantially in the form of Exhibit E hereto (or such comparable form as set forth in the Custodial Agreement) signed by a Servicing Officer or in a mutually agreeable electronic format which will, in lieu of a signature on its face, originate from a Servicing Officer (which certification shall include a statement to the effect that all amounts received in connection with such payment that are required to be deposited in the Custodial Account maintained by the Servicer pursuant to the Servicing Agreement have been or will be so deposited) and shall request that the Custodian, the Trustee or the Trust Administrator, as applicable, deliver to the Servicer the related Mortgage File. Upon receipt of such certification and request, the Trust Administrator, the Trustee or the Custodian, as applicable, shall promptly release the related Mortgage File to the Servicer and shall have no further responsibility with regard to such Mortgage File. Upon any such payment in full, the Servicer is authorized, to give,

 


as agent for the Trustee, as the mortgagee under the Mortgage that secured the Mortgage Loan, an instrument of satisfaction (or assignment of mortgage without recourse) regarding the Mortgaged Property subject to the Mortgage, which instrument of satisfaction or assignment, as the case may be, shall be delivered to the Person or Persons entitled thereto against receipt therefor of such payment, it being understood and agreed that no expenses incurred in connection with such instrument of satisfaction or assignment, as the case may be, shall be chargeable to the Custodial Account.

(b)        From time to time and as appropriate for the servicing or foreclosure of any Mortgage Loan and in accordance with the Servicing Agreement, the Trustee shall execute such documents as shall be prepared and furnished to the Trustee by the Servicer or the Master Servicer (in form reasonably acceptable to the Trustee) and as are necessary to the prosecution of any such proceedings. The Trust Administrator, the Trustee or the Custodian, as applicable, shall, upon the request of the Servicer or the Master Servicer, and delivery to the Trust Administrator, the Trustee or the Custodian, as applicable, of two copies of a request for release signed by a Servicing Officer substantially in the form of Exhibit E or such comparable form as set forth in the Custodial Agreement (or in a mutually agreeable electronic format which will, in lieu of a signature on its face, originate from a Servicing Officer), release the related Mortgage File held in its possession or control to the Servicer or the Master Servicer, as applicable. Such trust receipt shall obligate the Servicer or the Master Servicer to return the Mortgage File to the Trust Administrator, the Trustee or the Custodian, as applicable, when the need therefor by the Servicer or the Master Servicer no longer exists unless the Mortgage Loan shall be liquidated, in which case, upon receipt of a certificate of a Servicing Officer similar to that hereinabove specified, the Mortgage File shall be released by the Trust Administrator, the Trustee or the Custodian, as applicable to the Servicer or the Master Servicer.

SECTION 3.08.

Documents, Records and Funds in Possession of Master Servicer to be Held for Trustee.

(a)        The Master Servicer and the Servicer (to the extent required by the Servicing Agreement) shall transmit to the Trustee or the Custodian such documents and instruments coming into the possession of the Master Servicer or the Servicer from time to time as are required by the terms hereof, or in the case of the Servicer, the Servicing Agreement, to be delivered to the Trustee, the Trust Administrator or the Custodian. Any funds received by the Master Servicer or by the Servicer in respect of any Mortgage Loan or which otherwise are collected by the Master Servicer or by the Servicer as Liquidation Proceeds or Insurance Proceeds in respect of any Mortgage Loan shall be held for the benefit of the Trustee and the Certificateholders subject to the Master Servicer’s right to retain or withdraw from the Distribution Account the Master Servicing Compensation and other amounts provided in this Agreement, and to the right of the Servicer to retain its Servicing Fee and other amounts as provided in the Servicing Agreement. The Master Servicer shall, and (to the extent provided in the Servicing Agreement) shall cause the Servicer to, provide access to information and documentation regarding the Mortgage Loans to the Trust Administrator, its agents and accountants at any time upon reasonable request and during normal business hours, and to Certificateholders that are savings and loan associations, banks or insurance companies, the Office of Thrift Supervision, the FDIC and the supervisory agents and examiners of such Office

 


and Corporation or examiners of any other federal or state banking or insurance regulatory authority if so required by applicable regulations of the Office of Thrift Supervision or other regulatory authority, such access to be afforded without charge but only upon reasonable request in writing and during normal business hours at the offices of the Master Servicer designated by it. In fulfilling such a request the Master Servicer shall not be responsible for determining the sufficiency of such information.

(b)        All Mortgage Files and funds collected or held by, or under the control of, the Master Servicer or the Servicer, in respect of any Mortgage Loans, whether from the collection of principal and interest payments or from Liquidation Proceeds or Insurance Proceeds, shall be held by the Master Servicer for and on behalf of the Trustee and the Certificateholders and shall be and remain the sole and exclusive property of the Trustee; provided, however, that the Master Servicer and the Servicer shall be entitled to setoff against, and deduct from, any such funds any amounts that are properly due and payable to the Master Servicer or the Servicer under this Agreement or the Servicing Agreement, as applicable.

SECTION 3.09.

Standard Hazard Insurance and Flood Insurance Policies.

(a)        For each Mortgage Loan, the Master Servicer shall enforce any obligation of the Servicer under the Servicing Agreement to maintain or cause to be maintained standard fire and casualty insurance and, where applicable, flood insurance, all in accordance with the provisions of the Servicing Agreement. It is understood and agreed that such insurance shall be with insurers meeting the eligibility requirements set forth in the Servicing Agreement and that no earthquake or other additional insurance is to be required of any Mortgagor or to be maintained on property acquired in respect of a defaulted 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.

(b)        Pursuant to Section 3.19 and Section 3.20, any amounts collected by the Master Servicer under any insurance policies (other than amounts to be applied to the restoration or repair of the property subject to the related Mortgage or released to the Mortgagor in accordance with the Servicing Agreement) shall be deposited into the Distribution Account, subject to withdrawal pursuant to Section 3.20 and Section 3.21. Any cost incurred by the Master Servicer in maintaining any such insurance if the Mortgagor defaults in its obligation to do so shall be added to the amount owing under the Mortgage Loan where the terms of the Mortgage Loan so permit; provided, however, that the addition of any such cost shall not be taken into account for purposes of calculating the distributions to be made to Certificateholders and shall be recoverable by the Master Servicer pursuant to Section 3.20 and Section 3.21.

SECTION 3.10.

Presentment of Claims and Collection of Proceeds.

The Master Servicer shall cause the Servicer (to the extent provided in the Servicing Agreement) to, prepare and present on behalf of the Trustee and the Certificateholders all claims under the insurance policies and take such actions (including the negotiation, settlement, compromise or enforcement of the insured’s claim) as shall be necessary to realize recovery under such policies. Any proceeds disbursed to the Master Servicer (or disbursed to the Servicer and remitted to the Master Servicer) in respect of such policies, bonds or contracts shall

 


be promptly deposited in the Distribution Account upon receipt, except that any amounts realized that are to be applied to the repair or restoration of the related Mortgaged Property as a condition precedent to the presentation of claims on the related Mortgage Loan to the insurer under any applicable insurance policy need not be so deposited (or remitted).

SECTION 3.11.

[Reserved].

SECTION 3.12.

Trustee, Trust Administrator and the Custodian to Retain Possession of Certain Insurance Policies and Documents

Until all amounts distributable in respect of the Certificates have been distributed in full and the Master Servicer otherwise has fulfilled its obligations under this Agreement, the Trust Administrator, the Trustee or the Custodian, as applicable, shall retain possession and custody of each related Mortgage File in accordance with and subject to the terms and conditions of this Agreement or the Custodial Agreement, as applicable. The Master Servicer shall promptly deliver or cause to be delivered to the Trust Administrator, the Trustee or the Custodian, as applicable, such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer from time to time.

SECTION 3.13.

Realization Upon Defaulted Mortgage Loans.

The Master Servicer shall cause the Servicer (to the extent required under the Servicing Agreement) to foreclose upon, repossess or otherwise comparably convert the ownership of Mortgaged Properties securing such of the Mortgage Loans as come into and continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments, all in accordance with the Servicing Agreement.

SECTION 3.14.

Compensation for the Master Servicer.

The Master Servicer will be entitled to all income and gain realized from any investment of funds in the Distribution Account, pursuant to Section 3.20 and Section 3.21, for the performance of its activities hereunder (the “Master Servicing Compensation”). Servicing compensation in the form of assumption fees, if any, late payment charges, as collected, if any, or otherwise shall be retained by the Servicer in accordance with the Servicing Agreement. The Master Servicer shall be required to pay all expenses incurred by it in connection with the performance of its duties hereunder and shall not be entitled to reimbursement therefor except as provided in this Agreement.

SECTION 3.15.

REO Property.

(a)        In the event the Trust Fund acquires ownership of any REO Property in respect of any related Mortgage Loan, the deed or certificate of sale shall be issued to the Trustee, or to its nominee, on behalf of the related Certificateholders. The Master Servicer shall, to the extent provided in the Servicing Agreement, cause the Servicer to sell, any REO Property as expeditiously as possible and in accordance with the provisions of this Agreement and the Servicing Agreement, as applicable. Pursuant to such efforts to sell such REO Property, the Master Servicer shall cause the Servicer to protect and conserve such REO Property (and to

 


conduct any activities relating to the operation or management of such REO Property) in the manner and to the extent required by the Servicing Agreement, in accordance with the REMIC Provisions and in a manner that does not result in a tax on “net income from foreclosure property” or cause such REO Property to fail to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code.

(b)        The Master Servicer shall, to the extent required by the Servicing Agreement, cause the Servicer to deposit all funds collected and received in connection with the operation of any REO Property in the Custodial Account.

(c)        The Master Servicer and the Servicer, upon the final disposition of any REO Property, shall be entitled to reimbursement for any related unreimbursed Advances and other unreimbursed Servicing Advances as well as any unpaid Servicing Fees from Liquidation Proceeds received in connection with the final disposition of such REO Property; provided, that any such unreimbursed Advances and Servicing Advances as well as any unpaid Servicing Fees may be reimbursed or paid, as the case may be, prior to final disposition, out of any net rental income or other net amounts derived from such REO Property.

(d)        To the extent provided in the Servicing Agreement, the Liquidation Proceeds from the final disposition of the REO Property, net of any payment to the Master Servicer and the Servicer as provided above shall be deposited in the Custodial Account on or prior to the Determination Date in the month following receipt thereof and be remitted by wire transfer in immediately available funds to the Master Servicer for deposit into the Distribution Account on the next succeeding Servicer Remittance Date.

SECTION 3.16.

Annual Officer’s Certificate as to Compliance.

The Master Servicer shall deliver to the Trustee, the Depositor and the Rating Agencies on or before March 1st of each year, commencing on March 1, 2006, an Officer’s Certificate, certifying that with respect to the period ending December 31 of the prior year: (i) such Servicing Officer has reviewed the activities of the Master Servicer during the preceding calendar year or portion thereof and its performance under this Agreement, (ii) to the best of such Servicing Officer’s knowledge, based on such review, the Master Servicer has performed and fulfilled its duties, responsibilities and obligations under this Agreement in all material respects throughout such year, or, if there has been a default in the fulfillment of any such duties, responsibilities or obligations, specifying each such default known to such Servicing Officer and the nature and status thereof, (iii) nothing has come to the attention of such Servicing Officer to lead such Servicing Officer to believe that the Servicer has failed to perform any of its duties, responsibilities and obligations under the Servicing Agreement in all material respects throughout such year, or, if there has been a material default in the performance or fulfillment of any such duties, responsibilities or obligations, specifying each such default known to such Servicing Officer and the nature and status thereof. Copies of such statements shall be provided to any Certificateholder upon request, by the Trust Administrator at the Master Servicer’s expense.

 


 

SECTION 3.17.

Annual Independent Accountant’s Servicing Report

If the Master Servicer has, during the course of any calendar year, directly serviced any of the Mortgage Loans, then the Master Servicer at its expense shall cause a nationally recognized firm of independent certified public accountants to furnish a statement to the Trustee, the Depositor and the Rating Agencies on or before March 1st of each year, commencing on March 1, 2006 to the effect that, with respect to the most recently ended calendar year, such firm has examined certain records and documents relating to the Master Servicer’s performance of its servicing obligations under this Agreement and pooling and servicing and trust agreements in material respects similar to this Agreement and to each other and that, on the basis of such examination conducted substantially in compliance with the audit program for mortgages serviced for Xxxxxxx Mac or the Uniform Single Attestation Program for Mortgage Bankers, such firm is of the opinion that the Master Servicer’s activities have been conducted in compliance with this Agreement, or that such examination has disclosed no material items of noncompliance except for (i) such exceptions as such firm believes to be immaterial, (ii) such other exceptions as are set forth in such statement and (iii) such exceptions that the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages Serviced by Xxxxxxx Mac requires it to report. Copies of such statements shall be provided to any Certificateholder upon request by the Trust Administrator at the expense of the Master Servicer. If such report discloses exceptions that are material, the Master Servicer shall advise the Trustee whether such exceptions have been or are susceptible of cure, and if susceptible of cure will take prompt action to cure.

SECTION 3.18.

Obligations of the Master Servicer in Respect of Prepayment Interest Shortfalls.

In the event of a Prepayment Interest Shortfall, the Master Servicer shall remit to the Trust Administrator, from its own funds and without right of reimbursement (except as described below), not later than the related Distribution Date, Compensating Interest in an amount equal to the lesser of (i) the aggregate amounts in respect of Compensating Interest required to be paid by the Servicer with respect to Prepayment Interest Shortfalls attributable to Principal Prepayments in full on the related Mortgage Loans for the related Distribution Date and not so paid by the Servicer and (ii) the aggregate Administration Fee for the Trust Administrator for the related collection period under this Agreement. In the event the Master Servicer pays any amount in respect of such Compensating Interest prior to the time it shall have succeeded as successor Servicer, the Master Servicer shall be subrograted to the Trust Fund’s right to receive such amount from the Servicer. In the event the Trust Fund receives from the Servicer all or any portion of amounts in respect of Compensating Interest required to be paid by the Servicer in connection with Principal Prepayments in full, not so paid by the Servicer when required, and paid by the Master Servicer pursuant to this Section 3.18, then the Master Servicer may reimburse itself for the amount of Compensating Interest paid by the Master Servicer from such receipts by the Trust Fund.

SECTION 3.19.

Custodial Account.

(a)        The Master Servicer shall enforce the obligation of the Servicer to establish and maintain a Custodial Account in accordance with the Servicing Agreement, with

 


records to be kept with respect thereto on a Mortgage Loan by Mortgage Loan basis, into which accounts shall be deposited within 48 hours (or as of such other time specified in the Servicing Agreement) of receipt, all collections of principal and interest on any Mortgage Loan and any REO Property received by the Servicer, including Principal Prepayments, Insurance Proceeds, Liquidation Proceeds, Subsequent Recoveries, without duplication, all advances made from the Servicer’s own funds (less servicing compensation as permitted by the Servicing Agreement and other amounts permitted to be netted from such required deposits pursuant to the Servicing Agreement) and all other amounts to be deposited in the Custodial Account. The Servicer is hereby authorized to make withdrawals from and deposits to the Custodial Account for purposes required or permitted by this Agreement. To the extent provided in the Servicing Agreement, the Custodial Account shall be an Eligible Account and segregated on the books of any applicable depository institution in the name of the Trustee for the benefit of the Certificateholders.

(b)        The Master Servicer shall enforce the obligations of the Servicer under the Servicing Agreement with respect to the segregation of the Custodial Account and with respect to required deposits into such Custodial Account, in each case pursuant to the Servicing Agreement, withdrawals from such Custodial Account permitted or required to be made pursuant to the Servicing Agreement, and the protection and investment of funds in such Custodial Account pursuant to the Servicing Agreement.

SECTION 3.20.

Distribution Account.

(a)        On behalf of the Trust Fund, the Trust Administrator shall establish and maintain one or more accounts (such account or accounts, the “Distribution Account”), held in trust for the benefit of the Trustee and the Certificateholders. The Distribution Account shall be an Eligible Account. The Master Servicer will deposit in the Distribution Account as identified by the Master Servicer and as received by the Master Servicer, the following amounts:

(1)        Any amounts remitted to the Master Servicer by the Servicer from the Custodial Accounts;

(2)        Any Advance and any payments of Compensating Interest received from the Servicer or made by the Master Servicer (unless, in the case of the Master Servicer, such amounts are deposited by the Master Servicer directly into the Distribution Account);

(3)        Any Insurance Proceeds or Net Liquidation Proceeds received by or on behalf of the Master Servicer or which were not deposited in the Custodial Account;

(4)        The Purchase Price with respect to any Mortgage Loans repurchased by the Seller or an Originator pursuant to the Originator Master Agreement or the Assignment Agreement or the Mortgage Loan Purchase Agreement or purchased by the Master Servicer pursuant to Section 9.01 and any Substitution Adjustment Amounts.

(5)        Any amounts required to be deposited with respect to losses on investments of deposits in the Distribution Account; and

 


 

(6)        Any other amounts received by or on behalf of the Master Servicer and required to be deposited in the Distribution Account pursuant to this Agreement.

(b)        All amounts deposited to the Distribution Account shall be held by the Master Servicer in the name of the Trustee in trust for the benefit of the Certificateholders in accordance with the terms and provisions of this Agreement. The requirements for crediting the Distribution Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of (A) late payment charges or assumption, tax service, statement account or payoff, substitution, satisfaction, release and other like fees and charges and (B) the items enumerated in Section 3.21(a) (with respect the clearing and termination of the Distribution Account and with respect to amounts deposited in error), in Section 3.21(b) or in clauses (i), (ii), (iii) and (iv), (v) of Section 3.21(c), need not be credited by the Master Servicer to the Distribution Account. In the event that the Master Servicer shall deposit or cause to be deposited to the Distribution Account any amount not required to be credited thereto, the Trustee or the Trust Administrator, upon receipt of a written request therefor signed by a Servicing Officer of the Master Servicer, shall promptly transfer such amount to the Master Servicer, any provision herein to the contrary notwithstanding.

(c)        The Trust Administrator may direct any depository institution maintaining the Distribution Account to invest the funds on deposit in such account or to hold such funds uninvested. All investments pursuant to this Section 3.20 shall be in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trust Administrator is the obligor thereon or if such investment is managed or advised by a Person other than the Trust Administrator or an Affiliate of the Trust Administrator, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trust Administrator is the obligor thereon or if such investment is managed or advised by the Trust Administrator or any Affiliate. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in the Distribution Account shall be made in the name of the Trustee, or in the name of a nominee of the Trust Administrator. The Trust Administrator shall be entitled to sole possession over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trust Administrator or its agent, together with any document of transfer necessary to transfer title to such investment to the Trust Administrator or its nominee. In the event amounts on deposit in the Distribution Account are at any time invested in a Permitted Investment payable on demand, the Trust Administrator shall:

(x)        consistent with any notice required to be given thereunder, demand that payment thereon be made on the last day such Permitted Investment may otherwise mature hereunder in an amount equal to the lesser of (1) all amounts then payable thereunder and (2) the amount required to be withdrawn on such date; and

(y)        demand payment of all amounts due thereunder promptly upon determination by a Responsible Officer of the Trust Administrator that such Permitted Investment would not constitute a Permitted Investment in respect of funds thereafter on deposit in the Distribution Account.

 


 

(d)        All income and gain realized from the investment of funds deposited in the Distribution Account shall be for the benefit of the Master Servicer. The Trust Administrator shall deposit in the Distribution Account the amount of any loss of principal incurred in respect of any such Permitted Investment made with funds in such Account immediately upon realization of such loss.

SECTION 3.21.

Permitted Withdrawals and Transfers from the Distribution Account.

(a)        The Master Servicer will, from time to time on demand of the Servicer or the Trust Administrator, make or cause to be made such withdrawals or transfers from the Distribution Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the Servicing Agreement. The Master Servicer may clear and terminate the Distribution Account pursuant to Section 9.01 and remove amounts from time to time deposited in error.

(b)        On an ongoing basis, the Master Servicer shall withdraw from the Distribution Account to pay (i) any Extraordinary Trust Fund Expenses including but not limited to amounts payable to the Servicer or the Depositor pursuant to Section 6.03(b) or Master Servicer pursuant to Section 6.03(c), and (ii) any amounts expressly payable to the Master Servicer as set forth in Section 3.14.

(c)        The Master Servicer may withdraw from the Distribution Account any of the following amounts (in the case of any such amount payable or reimbursable to the Servicer, only to the extent the Servicer shall not have paid or reimbursed itself such amount prior to making any remittance to the Master Servicer pursuant to the terms of the Servicing Agreement):

(i)         to reimburse the Master Servicer or the Servicer for any Advance of its own funds, the right of the Master Servicer or the Servicer to reimbursement pursuant to this subclause (i) being limited to amounts received on a particular Mortgage Loan (including, for this purpose, the Purchase Price therefor, Insurance Proceeds, Liquidation Proceeds and Subsequent Recoveries) which represent late payments or recoveries of the principal of or interest on such Mortgage Loan respecting which such Advance was made;

(ii)         to reimburse the Master Servicer or the Servicer from Insurance Proceeds, Liquidation Proceeds or Subsequent Recoveries relating to a particular Mortgage Loan for amounts expended by the Master Servicer or the Servicer in good faith in connection with the restoration of the related Mortgaged Property which was damaged by an Uninsured Cause or in connection with the liquidation of such Mortgage Loan;

(iii)        to reimburse the Master Servicer or the Servicer from Insurance Proceeds relating to a particular Mortgage Loan for insured expenses incurred with respect to such Mortgage Loan and to reimburse the Master Servicer or the Servicer from Liquidation Proceeds and Subsequent Recoveries from a particular Mortgage Loan for Liquidation Expenses incurred with respect to such Mortgage Loan;

 


 

(iv)        to reimburse the Master Servicer or the Servicer for advances of funds (other than Advances) made with respect to the Mortgage Loans, and the right to reimbursement pursuant to this subclause being limited to amounts received on the related Mortgage Loan (including, for this purpose, the Purchase Price therefor, Insurance Proceeds, Liquidation Proceeds and Subsequent Recoveries) which represent late recoveries of the payments for which such advances were made;

(v)        to reimburse the Master Servicer or the Servicer for any Advance or Servicing Advance, after a Realized Loss has been allocated with respect to the related Mortgage Loan if the Advance or Servicing Advance has not been reimbursed pursuant to clauses (i) through (iv);

(vi)

to make distributions in accordance with Section 4.01;

(vii)       to pay to the Trust Administrator on each Distribution Date the Administration Fee;

(viii)

to pay any amounts in respect of taxes pursuant to Section 10.01(g);

(ix)        without duplication of the amount set forth in clause (iii) above, to pay any Extraordinary Trust Fund Expenses to the extent not paid by the Master Servicer from the Distribution Account;

(x)        without duplication of any of the foregoing, to reimburse or pay the Servicer any such amounts as are due thereto under the Servicing Agreement and have not been retained by or paid to the Servicer, to the extent provided in the Servicing Agreement and to refund to the Servicer any amount remitted by the Servicer to the Master Servicer in error;

(xi)        to pay to the Master Servicer, any interest or investment income earned on funds deposited in the Distribution Account;

(xii)

to pay the Credit Risk Manager the Credit Risk Manager Fee;

(xiii)      to withdraw any amount deposited in the Distribution Account in error; and

(xiv)

to clear and terminate the Distribution Account pursuant to Section 9.01.

The Master Servicer shall keep and maintain separate accounting, on a Mortgage Loan by Mortgage Loan basis, for the purpose of accounting for any reimbursement from the Distribution Account pursuant to clauses (i) through (v) above or with respect to any such amounts which would have been covered by such clauses had the amounts not been retained by the Master Servicer without being deposited in the Distribution Account.

(d)        On or before the Business Day prior to each Distribution Date, the Master Servicer shall remit to the Distribution Account any Advances required to be made and any

 


Compensating Interest required to be paid, in either such case by the Master Servicer with respect to the Mortgage Loans.

SECTION 3.22.

[Reserved].

 

SECTION 3.23.

[Reserved].

 

SECTION 3.24.

Prohibited Activities With Respect to REO Properties.

Notwithstanding anything to the contrary in this Agreement or in the Servicing Agreement, none of the Master Servicer, the Trust Administrator or the Trustee shall:

(1)        authorize the Trust Fund to enter into, renew or extend any New Lease with respect to any REO Property, if the New Lease by its terms will give rise to any income that does not constitute Rents from Real Property;

(2)        authorize any amount to be received or accrued under any New Lease other than amounts that will constitute Rents from Real Property;

(3)        authorize any construction on any REO Property, other than the completion of a building or other improvement thereon, and then only if more than ten percent of the construction of such building or other improvement was completed before default on the related Mortgage Loan became imminent, all within the meaning of Section 856(e)(4)(B) of the Code; or

(4)        authorize any Person to Directly Operate any REO Property on any date more than 90 days after its date of acquisition by the Trust Fund; unless, in any such case, the Master Servicer has obtained an Opinion of Counsel, provided to the Trustee, to the effect that such action will not cause such REO Property to fail to qualify as “foreclosure property” within the meaning of Section 860G(a)(8) of the Code at any time that it is held by the Trust Fund, in which case the Master Servicer may take such actions as are specified in such Opinion of Counsel.

 


 

ARTICLE IV

 

PAYMENTS TO CERTIFICATEHOLDERS

SECTION 4.01.

Distributions.

(a)        On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests and distributed to the holders of the Class R Certificates (in respect of the Class R-I Interest), as the case may be:

With respect to the Group I Mortgage Loans:

(1)        to Holders of REMIC I Regular Interest I, and each of REMIC I Regular Interest I-1-A through I-43-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates.

(2)        to the extent of amounts remaining after the distributions made pursuant to clause (1) above, payments of principal shall be allocated as follows: first, to REMIC I Regular Interest I and then to REMIC I Regular Interests I-1-A through I-43-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is the aggregate Stated Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero; and

(3)        to the Holders of REMIC I Regular Interest I-LTP, (A) all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter until $100 has been distributed pursuant to this clause.

With respect to the Group II Mortgage Loans:

(4)        to Holders of REMIC I Regular Interest I and each of REMIC I Regular Interest II-1-A through II-43-B, pro rata, in an amount equal to (A) Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates.

(5)        to the extent of amounts remaining after the distributions made pursuant to clause (4) above, payments of principal shall be allocated as follows: first, to REMIC I

 


Regular Interest II and then to REMIC I Regular Interests II-1-A through II-43-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Regular Interest is reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and second, to the extent of the product of (a) any Overcollateralization Reduction Amounts multiplied by (b) a fraction, the numerator of which is the aggregate Stated Principal Balance of the Group I Mortgage Loans and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero.

On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans received during the related Prepayment Period shall be distributed by REMIC I to the Holders of REMIC I Regular Interest I. The payment of the foregoing amounts to the Holders of REMIC I Regular Interest I shall not reduce the Uncertificated Balance thereof.

(b)        (1)        On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-II Interest), as the case may be:

(i)(a)     to Holders of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10, REMIC II Regular Interest II-LTM11, REMIC II Regular Interest II-LTZZ and REMIC II Regular Interest II-LTP, pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. Amounts payable as Uncertificated Interest in respect of REMIC II Regular Interest II-LTZZ shall be reduced and deferred when the REMIC II Overcollateralized Amount is less than the REMIC II Required Overcollateralization Amount, by the lesser of (x) the amount of such difference and (y) the Maximum II-LTZZ Uncertificated Interest Deferral Amount and such amount will be payable to the Holders of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11 in the same proportion as the Overcollateralization Deficiency Amount is allocated to the

 


Corresponding Certificates and the Uncertificated Balance of REMIC II Regular Interest II-LTZZ shall be increased by such amount; and

(b)        to Holders of REMIC II Regular Interest II-LT1SUB, REMIC II Regular Interest II-LT1GRP, REMIC II Regular Interest II-LT2SUB, REMIC II Regular Interest II-LT2GRP and REMIC II Regular Interest II-LTXX, pro rata, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates;

(ii)         second, to the Holders of REMIC II Regular Interests, in an amount equal to the remainder of the REMIC II Marker Allocation Percentage of Available Funds for such Distribution Date after the distributions made pursuant to clause (b)(1)(i) above, allocated as follows:

(a)        98.00% of such remainder to the Holders of REMIC II Regular Interest II-LTAA and REMIC II Regular Interest II-LTP, until the Uncertificated Balance of such REMIC II Regular Interests are reduced to zero; provided, however, that REMIC II Regular Interest II-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC II Regular Interest II-LTP, until $100 has been distributed pursuant to this clause;

(b)        2.00% of such remainder, first to the Holders of REMIC II Regular Interest II-LTA1, REMIC II Regular Interest II-LTA2, REMIC II Regular Interest II-LTA3, REMIC II Regular Interest II-LTA4, REMIC II Regular Interest II-LTM1, REMIC II Regular Interest II-LTM2, REMIC II Regular Interest II-LTM3, REMIC II Regular Interest II-LTM4, REMIC II Regular Interest II-LTM5, REMIC II Regular Interest II-LTM6, REMIC II Regular Interest II-LTM7, REMIC II Regular Interest II-LTM8, REMIC II Regular Interest II-LTM9, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTM11 equal to 1.00% of and in the same proportion as principal payments are allocated to the Corresponding Certificates, until the Uncertificated Balances of such REMIC II Regular Interests are reduced to zero and second, to the Holders of REMIC II Regular Interest II-LTZZ, 1.00%, until the Uncertificated Balance of such REMIC II Regular Interest is reduced to zero; and

(c)        any remaining amount to the Holders of the Class R Certificates (in respect of the Class R-II Interest);

provided, however, that (i) 98.00% and (ii) 2.00% of any principal payments that are attributable to an Overcollateralization Release Amount shall be allocated to Holders of (i) REMIC II Regular Interest II-LTAA and REMIC II Regular Interest II-LTP, in that order and (ii) REMIC II Regular Interest II-LTZZ, respectively; provided that REMIC II Regular Interest II-LTP shall not be reduced until the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, at which point such amount shall be distributed to REMIC II Regular Interest II-LTP, until $100 has been distributed pursuant to this clause.

 


 

On each Distribution Date, all amounts representing Prepayment Charges in respect of the Mortgage Loans during the related Prepayment Period will be distributed by REMIC II to the Holders of REMIC II Regular Interest II-LTP. The payment of the foregoing amounts to the Holders of REMIC II Regular Interest II-LTP shall not reduce the Uncertificated Balance thereof.

(iii)        to the Holders of REMIC II Regular Interests, in an amount equal to the remainder of the REMIC II Sub WAC Allocation Percentage of Available Funds for such Distribution Date after the distributions made pursuant to clause (i) above, allocated so that distributions of principal shall be deemed to be made to the REMIC II Regular Interests first, so as to keep the Uncertificated Balance of each REMIC II Regular Interest ending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, to each REMIC II Regular Interest ending with the designation “SUB,” so that the Uncertificated Balance of each such REMIC II Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC II Regular Interests such that the REMIC II Subordinated Balance Ratio is maintained); and third, any remaining principal to REMIC II Regular Interest II-LTXX.

Notwithstanding the priorities and amounts of distribution of funds pursuant to this Section 4.01(a), actual distributions of Available Funds shall be made only in accordance with Section 4.01(a)(1), (2) and (3) with respect to the Group I Mortgage Loans and in accordance with Section 4.01(a) (4) and (5) with respect to the Group II Mortgage Loans.

On each Distribution Date, 100% of the amounts distributed on REMIC II Regular Interest II-LTIO shall be deemed distributed by REMIC II to REMIC III in respect of the Class SWAP-LTIO Interest. Such amounts shall be deemed distributed by REMIC III to REMIC IV Regular Interest Swap-IO and from REMIC IV Regular Interest Swap-IO to the Swap Administrator for deposit into the Swap Account.

(2)(I)    On each Distribution Date, the Trust Administrator shall withdraw from the Distribution Account that portion of Available Funds for such Distribution Date consisting of the Group I Interest Remittance Amount for such Distribution Date, and make the following distributions in the order of priority described below, in each case to the extent of the Group I Interest Remittance Amount for such Distribution Date:

(i)         to the Holders of the Group I Certificates, the related Monthly Interest Distributable Amount and the related Unpaid Interest Shortfall Amount, if any, for such Certificates for such Distribution Date; and

(ii)         concurrently, to the Holders of the Group II Certificates, on a pro rata basis, based on the entitlement of each such Class, an amount equal to the excess, if any, of (x) the amount required to be distributed pursuant to Section 4.01(b)(2)(II)(i) hereof for such Distribution Date over (y) the amount actually distributed pursuant to such section from the Group II Interest Remittance Amount.

 


 

(II)        On each Distribution Date, the Trust Administrator shall withdraw from the Distribution Account that portion of Available Funds for such Distribution Date consisting of the Group II Interest Remittance Amount for such Distribution Date, and make the following distributions in the order of priority described below, in each case to the extent of the Group II Interest Remittance Amount remaining for such Distribution Date:

(i)         concurrently, to the Holders of the Group II Certificates, on a pro rata basis based on the entitlement of each such Class, the related Monthly Interest Distributable Amount and the related Unpaid Interest Shortfall Amount, if any, for such Certificates for such Distribution Date; and

(ii)         to the Holders of the Group I Certificates, an amount equal to the excess, if any, of (x) the amount required to be distributed pursuant to Section 4.01(b)(2)(I)(i) hereof for such Distribution Date over (y) the amount actually distributed pursuant to such section from the Group I Interest Remittance Amount.

(III)      On each Distribution Date, following the distributions made pursuant to Section 4.01(b)(2)(I) and Section 4.01(b)(2)(II) above, the Trust Administrator shall distribute, in each case to the extent of the sum of the Group I Interest Remittance Amount and the Group II Interest Remittance Amount remaining undistributed for such Distribution Date, sequentially to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, in an amount equal to the Monthly Interest Distributable Amount for each such Class.

(3)(I)    On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the Group I Principal Distribution Amount shall be made in the following amounts and order of priority:

(i)         first, to the Holders of the Group I Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and

(ii)         second, to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below), after taking into account the distribution of the Group II Principal Distribution Amount already distributed, until the Certificate Principal Balances thereof have been reduced to zero.

(II)        On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the Group II Principal Distribution Amount shall be made in the following amounts and order of priority:

(i)         first, to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below), until the Certificate Principal Balances thereof have been reduced to zero; and

(ii)         second, to the Holders of the Group I Certificates, after taking into account the distribution of the Group I Principal Distribution Amount already distributed until the Certificate Principal Balance thereof has been reduced to zero.

 


 

(III)      On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the sum of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount remaining undistributed for such Distribution Date shall be made sequentially to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, in each case, until the Certificate Principal Balance of each such Class has been reduced to zero.

(IV)      On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Group I Principal Distribution Amount shall be made in the following amounts and order of priority:

(i)         first, to the Holders of the Group I Certificates, the Group I Senior Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; and

(ii)         second, to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below), after taking into account the distribution of the Group II Principal Distribution Amount, up to an amount equal to the Group II Senior Principal Distribution Amount remaining undistributed, until the Certificate Principal Balances thereof have been reduced to zero.

(V)       On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Group II Principal Distribution Amount shall be made in the following amounts and order of priority:

(i)         first, to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below), the Group II Senior Principal Distribution Amount until the Certificate Principal Balances thereof have been reduced to zero; and

(ii)         second, to the Holders of the Group I Certificates, after taking into account the distribution of the Group I Principal Distribution Amount, up to an amount equal to the Group I Senior Principal Distribution Amount remaining undistributed, until the Certificate Principal Balance thereof has been reduced to zero.

(VI)      On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the sum of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount remaining undistributed for such Distribution Date shall be made in the following amounts and order of priority:

(i)         first, to the Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;

 


 

(ii)         second, to the Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;

(iii)        third, to the Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;

(iv)        fourth, to the Holders of the Class M-4 Certificates, the Class M-4 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;

(v)        fifth, to the Holders of the Class M-5 Certificates, the Class M-5 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;

(vi)        sixth, to the Holders of the Class M-6 Certificates, the Class M-6 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;

(vii)       seventh, to the Holders of the Class M-7 Certificates, the Class M-7 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;

(viii)      eighth, to the Holders of the Class M-8 Certificates, the Class M-8 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;

(ix)        ninth, to the Holders of the Class M-9 Certificates, the Class M-9 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero;

(x)        tenth, to the Holders of the Class M-10 Certificates, the Class M-10 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero; and

(xi)        eleventh, to the Holders of the Class M-11 Certificates, the Class M-11 Principal Distribution Amount until the Certificate Principal Balance thereof has been reduced to zero.

With respect to the Group II Certificates, all principal distributions will be distributed sequentially, to the Class A-2 Certificates, Class A-3 Certificates and Class A-4 Certificates, in that order, until their respective Certificate Principal Balances have been reduced to zero; provided, however, on any Distribution Date on which the aggregate Certificate Principal Balance of the Mezzanine Certificates and the Class CE Certificates has been reduced to zero, all principal distributions to the Group II Certificates will be distributed concurrently, to

 


the Class A-2 Certificates, Class A-3 Certificates and Class A-4 Certificates, on a pro rata basis based on the Certificate Principal Balance of each such Class.

(4)        On each Distribution Date, the Net Monthly Excess Cashflow shall be distributed as follows:

(i)         to the Holders of the Class or Classes of Certificates then entitled to receive distributions in respect of principal, in an amount equal to any Extra Principal Distribution Amount, without taking into account amounts, if any, received under the Interest Rate Swap Agreement, distributable to such Holders as part of the Group I Principal Distribution Amount and/or the Group II Principal Distribution Amount, as applicable, as described under Section 4.01(b)(3) above;

(ii)         sequentially, to the Holders of the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class M-4 Certificates, Class M-5 Certificates, Class M-6 Certificates, Class M-7 Certificates, Class M-8 Certificates, Class M-9 Certificates, Class M-10 Certificates and Class M-11 Certificates, in that order, in each case, first, up to the Unpaid Interest Shortfall Amount for each such Class and second, up to the Allocated Realized Loss Amount, for each such Class;

(iii)        to the Net WAC Rate Carryover Reserve Account, the amount of any Net WAC Rate Carryover Amounts, without taking into account amounts, if any, received under the Interest Rate Swap Agreement;

(iv)        to the Swap Provider, any Swap Termination Payments resulting from a Swap Provider Trigger Event;

(v)        to the Holders of the Class CE Certificates, (a) the Monthly Interest Distributable Amount and any Overcollateralization Release Amount for such Distribution Date and (b) on any Distribution Date on which the aggregate Certificate Principal Balance of the Class A Certificates and the Mezzanine Certificates has been reduced to zero, any remaining amounts in reduction of the Certificate Principal Balance of the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero;

(vi)        if such Distribution Date follows the Prepayment Period during which occurs the latest date on which a Prepayment Charge may be required to be paid in respect of any Mortgage Loans, to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof, until the Certificate Principal Balance thereof is reduced to zero; and

(vii)       any remaining amounts to the Holders of the Residual Certificates (in respect of the appropriate Class R Interest).

Without limiting the provisions of Section 9.01(b), by acceptance of the Residual Certificates the Holders of the Residual Certificates agree, and it is the understanding of the parties hereto, that for so long as any of the notes issued pursuant to the Indenture are

 


outstanding or any amounts are reimbursable or payable to the NIMS Insurer in accordance with the terms of the Indenture, to pledge their rights to receive any amounts otherwise distributable to the Holders of the Class R Certificates (and such rights are hereby assigned and transferred) to the Holders of the Class CE Certificates.

(5)        On each Distribution Date, after making the distributions of the Available Funds as set forth above, the Trust Administrator will withdraw from the Net WAC Rate Carryover Reserve Account, to the extent of amounts on deposit therein, the amount of any Net WAC Rate Carryover Amount for such Distribution Date and distribute such amount in the following order of priority:

(a)       concurrently, to the Class A Certificates, on a pro rata basis based on the remaining Net WAC Rate Carryover Amount for each such Class; and

(b)        sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, the Net WAC Rate Carryover Amount for each such Class.

On each Distribution Date, the Trust Administrator shall withdraw any amounts then on deposit in the Distribution Account that represent Prepayment Charges collected by the Servicer and remitted to the Master Servicer in connection with the Principal Prepayment of any of the Mortgage Loans, and shall distribute such amounts to the Holders of the Class P Certificates. Such distributions shall not be applied to reduce the Certificate Principal Balance of the Class P Certificates.

Following the foregoing distributions, an amount equal to the amount of Subsequent Recoveries remitted to the Master Servicer shall be applied to increase the Certificate Principal Balance of the Class of Certificates with the Highest Priority up to the extent of such Realized Losses previously allocated to that Class of Certificates pursuant to Section 4.04. An amount equal to the amount of any remaining Subsequent Recoveries shall be applied to increase the Certificate Principal Balance of the Class of Certificates with the next Highest Priority, up to the amount of such Realized Losses previously allocated to that Class of Certificates pursuant to Section 4.04. Holders of such Certificates will not be entitled to any distribution in respect of interest on the amount of such increases for any Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied to the Certificate Principal Balance of each Certificate of such Class in accordance with its respective Percentage Interest.

(6)        On each Distribution Date, after making the distributions of the Available Funds, Net Monthly Excess Cashflow and amounts on deposit in the Net WAC Rate Carryover Reserve Account as set forth above, the Trust Administrator shall distribute the amount on deposit in the Swap Account as follows:

first, to the Swap Provider, any Net Swap Payment owed to the Swap Provider pursuant to the Interest Rate Swap Agreement for such Distribution Date;

 


 

second, to the Swap Provider, any Swap Termination Payment owed to the Swap Provider not due to a Swap Provider Trigger Event pursuant to the Interest Rate Swap Agreement;

third, concurrently, to each Class of Class A Certificates, the related Monthly Interest Distributable Amount and Unpaid Interest Shortfall Amount remaining undistributed after the distributions of the Group I Interest Remittance Amount and the Group II Interest Remittance Amount, on a pro rata basis based on such respective remaining Monthly Interest Distributable Amount and Unpaid Interest Shortfall Amount;

fourth, sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, the related Monthly Interest Distributable Amount and Unpaid Interest Shortfall Amount, to the extent remaining undistributed after the distributions of the Group I Interest Remittance Amount, the Group II Interest Remittance Amount and the Net Monthly Excess Cashflow;

fifth, to the Holders of the Class or Classes of Certificates then entitled to receive distributions in respect of principal, in an amount necessary to maintain the applicable Overcollateralization Target Amount after taking into account distributions made pursuant to Section 4.01(a)(4)(i);

sixth, sequentially to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, in each case up to the related Allocated Realized Loss Amount related to such Certificates for such Distribution Date remaining undistributed after distribution of the Net Monthly Excess Cashflow;

seventh, concurrently, to each Class of Class A Certificates, the related Net WAC Rate Carryover Amount, to the extent remaining undistributed after distributions are made from the Net WAC Rate Carryover Reserve Account, on a pro rata basis based on such respective Net WAC Rate Carryover Amounts remaining; and

eighth, sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, the related Net WAC Rate Carryover Amount, to the extent remaining undistributed after distributions are made from the Net WAC Rate Carryover Reserve Account.

(c)        Distributions made with respect to each Class of Certificates on each Distribution Date shall be allocated pro rata among the outstanding Certificates in such Class based on their respective Percentage Interests. Distributions in respect of each Class of Certificates on each Distribution Date will be made to the Holders of the respective Class of record on the related Record Date (except as otherwise provided in Section 4.01(d) or Section 9.01 respecting the final distribution on such Class), based on the aggregate Percentage Interest represented by their respective Certificates, and shall be made by wire transfer of immediately available funds to the account of any such Holder at a bank or other entity having appropriate facilities therefor, if such Holder shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such

 


Distribution Date and is the registered owner of Certificates having an initial aggregate Certificate Principal Balance or Notional Amount that is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the initial Certificate Principal Balance or Notional Amount of such Class of Certificates, or otherwise by check mailed by first class mail to the address of such Holder appearing in the Certificate Register. The final distribution on each Certificate will be made in like manner, but only upon presentment and surrender of such Certificate at the Corporate Trust Office of the Trust Administrator or such other location specified in the notice to Certificateholders of such final distribution.

Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a “brokerage firm” or “indirect participating firm”) for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, the Trust Administrator, the Depositor or the Master Servicer shall have any responsibility therefor except as otherwise provided by this Agreement or applicable law.

(d)        The rights of the Certificateholders to receive distributions in respect of the Certificates, and all interests of the Certificateholders in such distributions, shall be as set forth in this Agreement. None of the Holders of any Class of Certificates, the Trustee, the Trust Administrator or the Master Servicer shall in any way be responsible or liable to the Holders of any other Class of Certificates in respect of amounts properly previously distributed on the Certificates.

(e)        Except as otherwise provided in Section 9.01, whenever the Trust Administrator expects that the final distribution with respect to any Class of Certificates will be made on the next Distribution Date, the Trust Administrator shall, no later than three (3) days before the related Distribution Date, mail to each Holder on such date of such Class of Certificates a notice to the effect that:

(1)        the Trust Administrator expects that the final distribution with respect to such Class of Certificates will be made on such Distribution Date but only upon presentation and surrender of such Certificates at the office of the Trust Administrator therein specified, and

(2)        no interest shall accrue on such Certificates from and after the end of the related Accrual Period.

Any funds not distributed to any Holder or Holders of Certificates of such Class on such Distribution Date because of the failure of such Holder or Holders to tender their Certificates shall, on such date, be set aside and held in trust by the Trust Administrator and credited to the account of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to this Section 4.01(e) shall not have been surrendered for cancellation within six months after the time specified in such notice, the Trust Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their

 


Certificates for cancellation in order to receive the final distribution with respect thereto. If within one year after the second notice all such Certificates shall not have been surrendered for cancellation, the Trust Administrator shall, directly or through an agent, mail a final notice to the remaining non-tendering Certificateholders concerning surrender of their Certificates but shall continue to hold any remaining funds for the benefit of non-tendering Certificateholders. The costs and expenses of maintaining the funds in trust and of contacting such Certificateholders shall be paid out of the assets remaining in the Trust Fund. If within one year after the final notice any such Certificates shall not have been surrendered for cancellation, the Trust Administrator shall pay to UBS Securities LLC all such amounts, and all rights of non-tendering Certificateholders in or to such amounts shall thereupon cease. No interest shall accrue or be payable to any Certificateholder on any amount held in trust by the Trust Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with this Section 4.01(d). Any such amounts held in trust by the Trust Administrator shall be held in an Eligible Account and the Trust Administrator may direct any depository institution maintaining such account to invest the funds in one or more Permitted Investments. All income and gain realized from the investment of funds deposited in such accounts held in trust by the Trust Administrator shall be for the benefit of the Trust Administrator; provided, however, that the Trust Administrator shall deposit in such account the amount of any loss of principal incurred in respect of any such Permitted Investment made with funds in such accounts immediately upon the realization of such loss.

(f)         Notwithstanding anything to the contrary herein, (i) in no event shall the Certificate Principal Balance of a Class A Certificate or a Mezzanine Certificate be reduced more than once in respect of any particular amount both (a) allocated to such Certificate in respect of Realized Losses pursuant to Section 4.04 and (b) distributed to the Holder of such Certificate in reduction of the Certificate Principal Balance thereof pursuant to this Section 4.01 from Net Monthly Excess Cashflow and (ii) in no event shall the Uncertificated Balance of a REMIC I Regular Interest be reduced more than once in respect of any particular amount both (a) allocated to such REMIC I Regular Interest in respect of Realized Losses pursuant to Section 4.04 and (b) distributed on such REMIC I Regular Interest in reduction of the Uncertificated Balance thereof pursuant to this Section 4.01.

SECTION 4.02.

Statements to Certificateholders.

On each Distribution Date, based, as applicable, on information provided to the Trust Administrator by the Master Servicer (which in turn shall be based, as applicable, on information provided to the Master Servicer by the Servicer), the Trust Administrator shall prepare and make available to each Holder of the Regular Certificates, the Credit Risk Manager, the other parties hereto and the Rating Agencies, a statement as to the distributions to be made on such Distribution Date containing the following information:

(1)        the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to principal, and the amount of the distribution made on such Distribution Date to the Holders of the Class P Certificates allocable to Prepayment Charges;

 


 

(2)        the amount of the distribution made on such Distribution Date to the Holders of the Certificates of each Class allocable to interest;

(3)        the aggregate Servicing Fee (and any other compensation payable to the Servicer as reported to the Master Servicer pursuant to the terms of the Servicing Agreement) and the Administration Fee during the related Due Period;

(4)

the aggregate amount of Advances for such Distribution Date;

(5)        the aggregate Stated Principal Balance of the Mortgage Loans and any REO Properties as of the close of business on such Distribution Date;

(6)        the number, aggregate Stated Principal Balance, weighted average remaining term to maturity and weighted average Mortgage Rate of the Mortgage Loans as of the related Due Date;

(7)        the number and aggregate unpaid Stated Principal Balance of Mortgage Loans (a) delinquent 30 to 59 days, (b) delinquent 60 to 89 days, (c) delinquent 90 or more days, in each case, as of the last day of the preceding calendar month, (d) as to which foreclosure proceedings have been commenced and (e) with respect to which the related Mortgagor has filed for protection under applicable bankruptcy laws, with respect to whom bankruptcy proceedings are pending or with respect to whom bankruptcy protection is in force;

(8)        the total number and cumulative principal balance of all REO Properties as of the close of business on the last day of the preceding Prepayment Period;

(9)

[reserved];

(10)      the aggregate amount of Principal Prepayments made during the related Prepayment Period;

(11)      the aggregate amount of Realized Losses incurred during the related Prepayment Period, the aggregate amount of Realized Losses incurred since the Closing Date and the aggregate amount of Subsequent Recoveries received during the related Prepayment Period and the cumulative amount of Subsequent Recoveries received since the Closing Date;

(12)      the aggregate amount of Extraordinary Trust Fund Expenses withdrawn from the Distribution Account for such Distribution Date;

(13)      the aggregate Certificate Principal Balance and Notional Amount, as applicable, of each Class of Certificates, after giving effect to the distributions, and allocations of Realized Losses, made on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses;

(14)      the Certificate Factor for each such Class of Certificates applicable to such Distribution Date;

 


 

(15)      the Monthly Interest Distributable Amount in respect of the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Unpaid Interest Shortfall Amount, if any, with respect to the Class A Certificates and the Mezzanine Certificates on such Distribution Date, separately identifying any reduction thereof due to allocations of Realized Losses, Prepayment Interest Shortfalls and Relief Act Interest Shortfalls;

(16)      the aggregate amount of any Prepayment Interest Shortfall for such Distribution Date, to the extent not covered by payments by the Master Servicer pursuant to Section 3.18;

(17)      the aggregate amount of Relief Act Interest Shortfalls for such Distribution Date;

(18)      the Overcollateralization Target Amount, Overcollateralized Amount and Overcollateralization Deficiency Amount and the Credit Enhancement Percentage for such Distribution Date;

(19)      the respective Pass-Through Rates applicable to the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for such Distribution Date and the Pass-Through Rate applicable to the Class A Certificates and the Mezzanine Certificates for the immediately succeeding Distribution Date;

(20)

the Aggregate Loss Severity Percentage;

 

(21)

when the Stepdown Date or Trigger Event has occurred;

(22)

the Available Funds;

 

(23)      the Net WAC Rate Carryover Amount for the Class A Certificates and the Mezzanine Certificates, if any, for such Distribution Date, the amount remaining unpaid after reimbursements therefor on such Distribution Date; and

(24)

the amount of any Net Swap Payments or Swap Termination Payments.

The Trust Administrator will make such statement (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders, the Master Servicer, the Depositor and the Rating Agencies via the Trust Administrator’s internet website. The Trust Administrator’s internet website shall initially be located at “xxx.xxxxxxx.xxx”. Assistance in using the website can be obtained by calling the Trust Administrator’s customer service desk at (000) 000-0000. Parties that are unable to use the above distribution options are entitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Trust Administrator shall have the right to change the way such statements are distributed in order to make such distribution more convenient and/or more accessible to the above parties and the Trust Administrator shall provide timely and adequate notification to all above parties regarding any such changes. As a condition to access the Trust Administrator’s internet website, the Trust Administrator may require

 


registration and the acceptance of a disclaimer. The Trust Administrator will not be liable for the dissemination of information in accordance with this Agreement. The Trust Administrator shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the distribution date statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party thereto).

In the case of information furnished pursuant to subclauses (1) and (2) above, the amounts shall be expressed as a dollar amount per Single Certificate of the relevant Class.

Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall, upon written request, forward to each Person who at any time during the calendar year was a Holder of a Regular Certificate and the NIMS Insurer a statement containing the information set forth in subclauses (1) and (2) above, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Trust Administrator shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trust Administrator pursuant to any requirements of the Code as from time to time are in force.

Within a reasonable period of time after the end of each calendar year, the Trust Administrator shall furnish to each Person who at any time during the calendar year was a Holder of a Residual Certificate and the NIMS Insurer a statement setting forth the amount, if any, actually distributed with respect to the Residual Certificates, as appropriate, aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder.

The Trust Administrator shall, upon request, furnish to each Certificateholder and the NIMS Insurer, during the term of this Agreement, such periodic, special, or other reports or information, whether or not provided for herein, as shall be reasonable with respect to the Certificateholder, or otherwise with respect to the purposes of this Agreement, all such reports or information to be provided at the expense of the Certificateholder in accordance with such reasonable and explicit instructions and directions as the Certificateholder may provide. For purposes of this Section 4.02, the Trust Administrator’s duties are limited to the extent that the Master Servicer receives timely reports as required from the Servicer.

On each Distribution Date the Trust Administrator shall provide Bloomberg Financial Markets, L.P. (“Bloomberg”) CUSIP level factors for each class of Certificates as of such Distribution Date, using a format and media mutually acceptable to the Trust Administrator and Bloomberg.

SECTION 4.03.

Advances.

(a)        In the event the Servicer fails to make any Advance required to be made by it under the Servicing Agreement and such failure is not remedied within the applicable cure period under the Servicing Agreement, then the Master Servicer shall on behalf of the Trustee immediately terminate the Servicer, and the Master Servicer (in its capacity as successor Servicer) or another successor Servicer shall be required to make such Advance on the

 


Distribution Date with respect to which the Servicer was required to make such Advance, subject to the Master Servicer’s (or other successor Servicer’s) determination of recoverability. The Master Servicer (or other successor Servicer) shall not be required to make any Advance to cover any Relief Act Interest Shortfall on any Mortgage Loan. If the Master Servicer (or other successor Servicer) is required to make any Advances, such advances may be made by it (i) from its own funds or (ii) from the Custodial Account or Distribution Account, to the extent of funds held therein for future distribution (in which case, it will cause to be made an appropriate entry in the records of the Custodial Account or the Distribution Account, as applicable, that amounts held for future distribution have been, as permitted by this Section 4.03, used by the Master Servicer (or other successor Servicer) in discharge of any such Advance) or (iii) in the form of any combination of (i) and (ii) aggregating the total amount of Advances to be made by the Master Servicer (or other successor Servicer) with respect to the Mortgage Loans and REO Properties. Any amounts held for future distribution and so used shall be appropriately reflected in the Master Servicer’s (or other successor Servicer’s) records and replaced by the Master Servicer (or other successor Servicer) by deposit in the Custodial Account or the Distribution Account, as applicable, on or before any future Servicer Remittance Date to the extent that the Available Funds for the related Distribution Date (determined without regard to Advances to be made on the Servicer Remittance Date) shall be less than the total amount that would be distributed to the Classes of Certificateholders pursuant to Section 4.01 on such Distribution Date if such amounts held for future distributions had not been so used to make Advances.

(b)        The obligation of the Master Servicer (or other successor Servicer) to make such Advances is mandatory, notwithstanding any other provision of this Agreement but subject to Section 4.03(a) above and Section 4.03(c) below, and, with respect to any Mortgage Loan or REO Property, shall continue until a Final Recovery Determination in connection therewith or the removal thereof from REMIC I pursuant to any applicable provision of this Agreement, except as otherwise provided in this Section.

(c)        Notwithstanding anything herein to the contrary, no Advance shall be required to be made hereunder by the Master Servicer (or other successor Servicer) if such Advance would, if made, be deemed by the Master Servicer (or other successor Servicer) to be a Nonrecoverable Advance. The determination by the Master Servicer (or other successor Servicer) that it has made a Nonrecoverable Advance or that any proposed Advance, if made, would constitute a Nonrecoverable Advance, shall be evidenced by an Officers’ Certificate of the Master Servicer (or other successor Servicer) delivered to the Depositor, the NIMS Insurer, the Credit Risk Manager, the Trust Administrator and the Trustee.

SECTION 4.04.

Allocation of Realized Losses.

(a)        Prior to each Distribution Date, the Master Servicer shall determine, based on information provided to it by the Servicer, as to each Mortgage Loan and REO Property: (i) the total amount of Realized Losses, if any, incurred in connection with any Final Recovery Determinations made during the related Prepayment Period and (ii) the respective portions of such Realized Losses allocable to interest and allocable to principal. Prior to each Distribution Date, the Master Servicer, based on information provided to it by the Servicer, shall also determine as to each Mortgage Loan: (i) the total amount of Realized Losses, if any, incurred in connection with any Deficient Valuations made during the related Prepayment Period; and (ii)

 


the total amount of Realized Losses, if any, incurred in connection with Debt Service Reductions in respect of Monthly Payments due during the related Due Period.

(b)        All Realized Losses on the Mortgage Loans shall be allocated by the Trust Administrator on each Distribution Date as follows: first, to Net Monthly Excess Cashflow; second, to the Class CE Certificates, until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class M-11 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-10 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-9 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; seventh, to the Class M-7 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eighth, to the Class M-6 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; ninth, to the Class M-5 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; tenth, to the Class M-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eleventh, to the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; twelfth, to the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and thirteenth, to the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. All Realized Losses to be allocated to the Certificate Principal Balances of all Classes on any Distribution Date shall be so allocated after the actual distributions to be made on such date as provided above. All references above to the Certificate Principal Balance of any Class of Certificates shall be to the Certificate Principal Balance of such Class immediately prior to the relevant Distribution Date, before reduction thereof by any Realized Losses, in each case to be allocated to such Class of Certificates, on such Distribution Date.

Any allocation of Realized Losses to a Mezzanine Certificate on any Distribution Date shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated; any allocation of Realized Losses to a Class CE Certificate shall be made by reducing the amount otherwise payable in respect thereof pursuant to Section 4.01(a)(5)(iv). No allocations of any Realized Losses shall be made to the Certificate Principal Balances of the Class A Certificates or the Class P Certificates.

As used herein, an allocation of a Realized Loss on a “pro rata basis” among two or more specified Classes of Certificates means an allocation on a pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date. All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby.

(c)        All Realized Losses on the Group I Mortgage Loans shall be allocated on each Distribution Date first, to REMIC I Regular Interest I until the Uncertificated Balance of such REMIC I Regular Interest has been reduced to zero and second, to REMIC I Regular Interest I-1-A through REMIC I Regular Interest I-43-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be

 


allocated pro rata between such REMIC I Regular Interests. All Realized Losses on the Group II Mortgage Loans shall be allocated on each Distribution Date first, to REMIC I Regular Interest II until the Uncertificated Balance of such REMIC I Regular Interest has been reduced to zero and second, to REMIC I Regular Interest II-1-A through REMIC I Regular Interest II-43-B, starting with the lowest numerical denomination until such REMIC I Regular Interest has been reduced to zero, provided that, for REMIC I Regular Interests with the same numerical denomination, such Realized Losses shall be allocated pro rata between such REMIC I Regular Interests.

(d)        (i)         The REMIC II Marker Percentage of all Realized Losses on the Mortgage Loans shall be allocated by the Trust Administrator on each Distribution Date to the following REMIC II Regular Interests in the specified percentages, as follows: first, to Uncertificated Interest payable to the REMIC II Regular Interest II-LTAA and REMIC II Regular Interest II-LTZZ up to an aggregate amount equal to the REMIC II Interest Loss Allocation Amount, 98% and 2%, respectively; second, to the Uncertificated Balances of the REMIC II Regular Interest II-LTAA and REMIC II Regular Interest II-LTZZ up to an aggregate amount equal to the REMIC II Principal Loss Allocation Amount, 98% and 2%, respectively; third, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM11 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM11 has been reduced to zero; fourth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM10 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM10 has been reduced to zero; fifth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM9 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM9 has been reduced to zero; sixth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM8 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM8 has been reduced to zero; seventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM7 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM7 has been reduced to zero; eighth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM6 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM6 has been reduced to zero; ninth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM5 and REMIC II Regular Interest III-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM5 has been reduced to zero; tenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM4 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM4 has been reduced to zero; eleventh, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM3 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM3 has been reduced to zero; twelfth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM2 and REMIC II Regular Interest II-LTZZ,

 


98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM2 has been reduced to zero; and thirteenth, to the Uncertificated Balances of REMIC II Regular Interest II-LTAA, REMIC II Regular Interest II-LTM1 and REMIC II Regular Interest II-LTZZ, 98%, 1% and 1%, respectively, until the Uncertificated Balance of REMIC II Regular Interest II-LTM1 has been reduced to zero.

(ii)            The REMIC II Sub WAC Allocation Percentage of all Realized Losses shall be applied after all distributions have been made on each Distribution Date first, so as to keep the Uncertificated Balance of each REMIC II Regular Interest ending with the designation “GRP” equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, to each REMIC II Regular Interest ending with the designation “SUB,” so that the Uncertificated Balance of each such REMIC II Regular Interest is equal to 0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the Certificate Principal Balance of the Class A Certificate in the related Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC II Regular Interests such that the REMIC II Subordinated Balance Ratio is maintained); and third, any remaining Realized Losses shall be allocated to REMIC II Regular Interest II-LTXX.

SECTION 4.05.

Compliance with Withholding Requirements.

Notwithstanding any other provision of this Agreement, the Trust Administrator shall comply with all federal withholding requirements respecting payments to Certificateholders of interest or original issue discount that the Trust Administrator reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for such withholding. In the event the Trust Administrator does withhold any amount from interest or original issue discount payments or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Trust Administrator shall indicate the amount withheld to such Certificateholders.

SECTION 4.06.

Exchange Commission; Additional Information.

(a)        With respect to each Distribution Date, prior to the issuance of the related monthly statement to Certificateholders pursuant to Section 4.02 (each, a “Distribution Date Statement”), the Master Servicer shall confirm that it has received all distribution and servicing information required to be provided to the Master Servicer by the Servicer for inclusion in such Distribution Date Statement. In the event the Master Servicer determines that any such information has not been provided as required or is materially incorrect, the Master Servicer shall immediately notify the Servicer and use its reasonable best efforts to cause the Servicer to provide or correct, as the case may be, such information promptly (but in any event in time to permit the Master Servicer to distribute the Distribution Date Statement at the time required in this Agreement).

(b)        Promptly upon receipt by the Master Servicer of (i) any Officers’ Certificate relating to the Servicer’s annual compliance with the terms of the Servicing Agreement, (ii) any report of the Servicer’s independent public accountants relating to the

 


Servicer’s compliance with servicing standards, as required under the Servicing Agreement, and (iii) any report of the Master Servicer’s independent public accountants required pursuant to Section 3.17, the Master Servicer shall review such Officers’ Certificate and reports. As part of the Form 10-K required to be filed pursuant to paragraph (c) of this Section 4.06, the Master Servicer shall include the Servicer’s annual statement of compliance (as well as any annual statement of compliance required pursuant to Section 3.16), and each such accountant’s report, as well as a report of any significant deficiencies relating to the Servicer’s performance of its obligations under the Servicing Agreement.

(c)        The Master Servicer shall reasonably cooperate with the Depositor to enable the Trust Fund to satisfy its reporting requirements under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Master Servicer shall prepare on behalf of the Trust Fund any Forms 8-K and 10-K customary for similar securities as required by the Exchange Act and the rules and regulations promulgated thereunder, and the Master Servicer shall sign and file (via the Securities and Exchange Commission’s Electronic Data Gathering and Retrieval System) such forms on behalf of the Trust Fund.

(d)        Each Form 8-K shall be filed by the Master Servicer within 15 days after each Distribution Date, and shall include a copy of the Distribution Date Statement for such Distribution Date as an exhibit thereto. Prior to March 30th of each year (or such earlier date as may be required by the Exchange Act and the rules and regulations promulgated thereunder), the Master Servicer shall file a Form 10-K, in substance as required by applicable law or applicable Securities and Exchange Commission staff’s interpretations. Such Form 10-K shall include as exhibits the annual statements of compliance, the accountant’s reports and any report of significant deficiencies relating to the Servicer’s performance of its obligations under the Servicing Agreement described in paragraph (b) of this Section 4.06, in each case to the extent they have been timely delivered to the Master Servicer. If they are not so timely delivered, the Master Servicer shall file an amended Form 10-K including such documents as exhibits reasonably promptly after they are delivered to the Master Servicer. The Master Servicer shall have no liability with respect to any failure to properly prepare or file such periodic reports resulting from or relating to the Master Servicer’s inability or failure to obtain any information not resulting from its own negligence, bad faith or willful misconduct. Each Form 10-K shall also include a certification in the form attached hereto as Exhibit J-1 or in such other form as may be required by Rules 13a-14 and 15d-14 under the Exchange Act, as applicable, and any directives or interpretations thereof by the Securities and Exchange Commission (the “Certification”), which Certification shall be signed by a Master Servicing Officer.

(e)        Upon any filing with the Securities and Exchange Commission, the Master Servicer shall promptly deliver to the Depositor a copy of any such executed report, statement or information.

(f)         Prior to January 30th of the first year in which the Master Servicer is able to do so under applicable law, the Master Servicer shall file a Form 15 Suspension Notification with respect to the Trust Fund.

 


 

SECTION 4.07.

Net WAC Rate Carryover Reserve Account.

No later than the Closing Date, the Trust Administrator shall establish and maintain with itself a separate, segregated trust account titled, “Xxxxx Fargo Bank, N.A. as Trust Administrator, in trust for the registered holders of MASTR Asset Backed Securities Trust 2005-HE2, Mortgage Pass-Through Certificates, Series 2005-HE2—Net WAC Rate Carryover Reserve Account.” All amounts deposited in the Net WAC Rate Carryover Reserve Account will be distributed to the Holders of the Class A Certificates and/or the Mezzanine Certificates in the manner set forth in Section 4.01.

On each Distribution Date as to which there is a Net WAC Rate Carryover Amount payable to the Class A Certificates and/or the Mezzanine Certificates, the Trust Administrator has been directed by the Class CE Certificateholders to, and therefore will, deposit into the Net WAC Rate Carryover Reserve Account the amounts described in Section 4.01(a)(4)(iv), rather than distributing such amounts to the Class CE Certificateholders. On each such Distribution Date, the Trust Administrator shall hold all such amounts for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates, and will distribute such amounts to the Holders of the Class A Certificates and/or the Mezzanine Certificates in the amounts and priorities set forth in Section 4.01(a).

For federal and state income tax purposes, the Class CE Certificateholders will be deemed to be the owners of the Net WAC Rate Carryover Reserve Account and all amounts deposited into the Net WAC Rate Carryover Reserve Account shall be treated as amounts distributed by REMIC II to the Holders of the Class CE Interest and by REMIC III to the Holders of the Class CE Certificates. The Net WAC Rate Carryover Reserve Account will be an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h). Upon the termination of the Trust Fund, or the payment in full of the Class A Certificates and the Mezzanine Certificates, all amounts remaining on deposit in the Net WAC Rate Carryover Reserve Account will be released by the Trust Fund and distributed to the Class CE Certificateholders or their designees. The Net WAC Rate Carryover Reserve Account will be part of the Trust Fund but not part of any REMIC and any payments to the Holders of the Class A Certificates or the Mezzanine Certificates of Net WAC Rate Carryover Amounts will not be payments with respect to a “regular interest” in a REMIC within the meaning of Code Section 860(G)(a)(1).

By accepting a Class CE Certificate, each Class CE Certificateholder hereby agrees to direct the Trust Administrator, and the Trust Administrator hereby is directed, to deposit into the Net WAC Rate Carryover Reserve Account the amounts described above on each Distribution Date as to which there is any Net WAC Rate Carryover Amount rather than distributing such amounts to the Class CE Certificateholders. By accepting a Class CE Certificate, each Class CE Certificateholder further agrees that such direction is given for good and valuable consideration, the receipt and sufficiency of which is acknowledged by such acceptance.

Amounts on deposit in the Net WAC Rate Carryover Reserve Account shall remain uninvested.

 


 

SECTION 4.08.

Swap Account.

(a)        On the Closing Date, there is hereby established a separate trust (the “Supplemental Interest Trust”), into which the Depositor shall deposit: (i) the Interest Rate Swap Agreement, (ii) the Swap Administration Agreement and (iii) $1,000. The Supplemental Interest Trust shall be maintained by the Supplemental Interest Trust Trustee, who initially, shall be the Trust Administrator. No later than the Closing Date, the Supplemental Interest Trust Trustee shall establish and maintain a separate, segregated trust account to be held in the Supplemental Interest Trust, titled, “Xxxxx Fargo Bank, N.A. as Supplemental Interest Trust Trustee, in trust for the registered holders of MASTR Asset Backed Securities Trust 2005-HE2, Mortgage Pass-Through Certificates, Series 2005-HE2—Swap Account.” Such account shall be an Eligible Account and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Supplemental Interest Trust Trustee held pursuant to this Agreement. Amounts therein shall be held uninvested.

(b)        On each Distribution Date, prior to any distribution to any Certificate, the Supplemental Interest Trust Trustee shall deposit into the Swap Account: (i) the amount of any Net Swap Payment or Swap Termination Payment (other than any Swap Termination Payment resulting from a Swap Provider Trigger Event) owed to the Swap Provider (after taking into account any upfront payment received from the counterparty to a replacement interest rate swap agreement) from funds collected and received with respect to the Mortgage Loans prior to the determination of Available Funds and (ii) amounts received by the Supplemental Interest Trust Trustee from the Swap Administrator, for distribution in accordance with subsection (d) below, pursuant to the Swap Administration Agreement, dated as of the Closing Date (the “Swap Administration Agreement”), among Xxxxx Fargo Bank, N.A., in its capacity as Supplemental Interest Trust Trustee, Xxxxx Fargo Bank, N.A., in its capacity as Swap Administrator and the Seller. For federal income tax purposes, any amounts paid to the Swap Provider on each Distribution Date shall first be deemed paid to the Swap Provider in respect of REMIC IV Regular Interest Swap-IO to the extent of the amount distributable on REMIC IV Regular Interest Swap-IO on such Distribution Date, and any remaining amount shall be deemed paid to the Swap Provider in respect of a Class IO Distribution Amount (as defined below).

(c)        For federal income tax purposes, the Swap Account shall be owned by the majority Holder of the Class CE Certificates.

(d)        To the extent that the Supplemental Interest Trust is determined to be a separate legal entity from the Supplemental Interest Trust Trustee, any obligation of the Supplemental Interest Trust Trustee under the Interest Rate Swap Agreement shall be deemed to be an obligation of the Supplemental Interest Trust.

(e)        The Trust Administrator shall treat the Holders of Certificates (other than the Class P, Class CE and Class R Certificates) as having entered into a notional principal contract with respect to the Holders of the Class CE Certificates. Pursuant to each such notional principal contract, all Holders of Certificates (other than the Class P, Class CE and Class R Certificates) shall be treated as having agreed to pay, on each Distribution Date, to the Holder of the Class CE Certificates an aggregate amount equal to the excess, if any, of (i) the amount

 


payable on such Distribution Date on the REMIC III Regular Interest corresponding to such Class of Certificates over (ii) the amount payable on such Class of Certificates on such Distribution Date (such excess, a “Class IO Distribution Amount”). A Class IO Distribution Amount payable from interest collections shall be allocated pro rata among such Certificates based on the excess of (a) the amount of interest otherwise payable to such Certificates over (ii) the amount of interest payable to such Certificates at a per annum rate equal to the Net WAC Pass-Through Rate, and a Class IO Distribution Amount payable from principal collections shall be allocated to the most subordinate Class of Certificates with an outstanding principal balance to the extent of such balance. In addition, pursuant to such notional principal contract, the Holder of the Class CE Certificates shall be treated as having agreed to pay Net WAC Rate Carryover Amounts to the Holders of the Certificates (other than the Class CE, Class P and Class R Certificates) in accordance with the terms of this Agreement. Any payments to the Certificates from amounts deemed received in respect of this notional principal contract shall not be payments with respect to a Regular Interest in a REMIC within the meaning of Code Section 860G(a)(1). However, any payment from the Certificates (other than the Class CE, Class P and Class R Certificates) of a Class IO Distribution Amount shall be treated for tax purposes as having been received by the Holders of such Certificates in respect of their interests in REMIC IV and as having been paid by such Holders to the Swap Administrator pursuant to the notional principal contract. Thus, each Certificate (other than the Class P and Class R Certificates) shall be treated as representing not only ownership of Regular Interests in REMIC IV, but also ownership of an interest in, and obligations with respect to, a notional principal contract.

SECTION 4.09.

Tax Treatment of Swap Payments and Swap Termination Payments.

For federal income tax purposes, each holder of a Class A or Mezzanine Certificate is deemed to own an undivided beneficial ownership interest in a REMIC regular interest and the right to receive payments from either the Net WAC Rate Carryover Reserve Account or the Swap Account in respect of the Net WAC Rate Carryover Amount or the obligation to make payments to the Swap Account. For federal income tax purposes, the Trust Administrator will account for payments to each Class A and Mezzanine Certificates as follows: each Class A and Class M Certificate will be treated as receiving their entire payment from REMIC III (regardless of any Swap Termination Paymnet or obligation under the Interest Rate Swap Agreement) and subsequently paying their portion of any Swap Termination Payment in respect of each such Class’ obligation under the Interest Rate Swap Agreement. In the event that any such Class is resecuritized in a REMIC, the obligation under the Interest Rate Swap Agreement to pay any such Swap Termination Payment (or any shortfall in Swap Provider Fee), will be made by one or more of the REMIC Regular Interests issued by the resecuritization REMIC subsequent to such REMIC Regular Interest receiving its full payment from any such Class A or Mezzanine Certificate. Resecuritization of any Class A or Mezzanine Certificate in a REMIC will be permissible only if the Trust Administrator hereunder is the trustee in such resecuritization.

The REMIC regular interest corresponding to a Class A or Mezzanine Certificate will be entitled to receive interest and principal payments at the times and in the amounts equal to those made on the certificate to which it corresponds, except that (i) the maximum interest rate

 


of that REMIC regular interest will equal the Net WAC Pass-Through Rate computed for this purpose by limiting the Base Calculation Amount of the Interest Rate Swap Agreement to the aggregate Stated Principal Balance of the Mortgage Loans and (ii) any Swap Termination Payment will be treated as being payable solely from Net Monthly Excess Cashflow. As a result of the foregoing, the amount of distributions and taxable income on the REMIC regular interest corresponding to a Class A or Mezzanine Certificate may exceed the actual amount of distributions on the Class A or Mezzanine Certificate.

 


 

ARTICLE V

 

THE CERTIFICATES

SECTION 5.01.

The Certificates.

(a)        The Certificates in the aggregate will represent the entire beneficial ownership interest in the Mortgage Loans and all other assets included in REMIC I.

The Certificates will be substantially in the forms annexed hereto as Exhibits A-1 through A-19. The Certificates of each Class will be issuable in registered form only, in denominations of authorized Percentage Interests as described in the definition thereof. Each Certificate will share ratably in all rights of the related Class.

Upon original issue, the Certificates shall be executed by the Trust Administrator and authenticated and delivered by the Trust Administrator to or upon the order of the Depositor. The Certificates shall be executed by manual or facsimile signature on behalf of the Trust Administrator by an authorized signatory. Certificates bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Trust Administrator shall bind the Trust Administrator notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificates or did not hold such offices at the date of such Certificates. No Certificate shall be entitled to any benefit under this Agreement or be valid for any purpose, unless there appears on such Certificate a certificate of authentication substantially in the form provided herein executed by the Trust Administrator by manual signature, and such certificate of authentication shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder. All Certificates shall be dated the date of their authentication.

(b)        The Class A Certificates and the Mezzanine Certificates shall initially be issued as one or more Certificates held by the Book-Entry Custodian or, if appointed to hold such Certificates as provided below, the Depository and registered in the name of the Depository or its nominee and, except as provided below, registration of such Certificates may not be transferred by the Trust Administrator except to another Depository that agrees to hold such Certificates for the respective Certificate Owners with Ownership Interests therein. The Certificate Owners shall hold their respective Ownership Interests in and to such Certificates through the book-entry facilities of the Depository and, except as provided below, shall not be entitled to definitive, fully registered Certificates (“Definitive Certificates”) in respect of such Ownership Interests. All transfers by Certificate Owners of their respective Ownership Interests in the Book-Entry Certificates shall be made in accordance with the procedures established by the Depository Participant or brokerage firm representing such Certificate Owner. Each Depository Participant shall only transfer the Ownership Interests in the Book-Entry Certificates of Certificate Owners it represents or of brokerage firms for which it acts as agent in accordance with the Depository’s normal procedures. The Trust Administrator is hereby initially appointed as the Book-Entry Custodian and hereby agrees to act as such in accordance herewith and in accordance with the agreement that it has with the Depository authorizing it to act as such. The Book-Entry Custodian may, and, if it is no longer qualified to act as such, the Book-Entry Custodian shall, appoint, by a written instrument delivered to the Depositor, the Master Servicer

 


and the Trust Administrator, any other transfer agent (including the Depository or any successor Depository) to act as Book-Entry Custodian under such conditions as the predecessor Book-Entry Custodian and the Depository or any successor Depository may prescribe, provided that the predecessor Book-Entry Custodian shall not be relieved of any of its duties or responsibilities by reason of any such appointment of other than the Depository. If the Trust Administrator resigns or is removed in accordance with the terms hereof, the successor trust administrator or, if it so elects, the Depository shall immediately succeed to its predecessor’s duties as Book-Entry Custodian. The Depositor shall have the right to inspect, and to obtain copies of, any Certificates held as Book-Entry Certificates by the Book-Entry Custodian.

The Trustee, the Trust Administrator, the Master Servicer and the Depositor may for all purposes (including the making of payments due on the Book-Entry Certificates) deal with the Depository as the authorized representative of the Certificate Owners with respect to the Book-Entry Certificates for the purposes of exercising the rights of Certificateholders hereunder. The rights of Certificate Owners with respect to the Book-Entry Certificates shall be limited to those established by law and agreements between such Certificate Owners and the Depository Participants and brokerage firms representing such Certificate Owners. Multiple requests and directions from, and votes of, the Depository as Holder of the Book-Entry Certificates with respect to any particular matter shall not be deemed inconsistent if they are made with respect to different Certificate Owners. The Trust Administrator may establish a reasonable record date in connection with solicitations of consents from or voting by Certificateholders and shall give notice to the Depository of such record date.

If (i)(A) the Depositor advises the Trust Administrator in writing that the Depository is no longer willing or able to properly discharge its responsibilities as Depository, and (B) the Depositor is unable to locate a qualified successor or (ii) after the occurrence of a Master Servicer Event of Termination, Certificate Owners representing in the aggregate not less than 51% of the Ownership Interests of the Book-Entry Certificates advise the Trust Administrator through the Depository, in writing, that the continuation of a book-entry system through the Depository is no longer in the best interests of the Certificate Owners, the Trust Administrator 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 Trust Administrator of the Book-Entry Certificates by the Book-Entry Custodian or the Depository, as applicable, accompanied by registration instructions from the Depository for registration of transfer, the Trust Administrator shall cause the Definitive Certificates to be issued. Such Definitive Certificates will be issued in minimum denominations of $25,000; provided that, such Certificates must be purchased in minimum total investments of $100,000 per Class. None of the Depositor, the Master Servicer, the Trustee or the Trust Administrator shall be liable for any delay in the delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of Definitive Certificates all references herein to obligations imposed upon or to be performed by the Depository shall be deemed to be imposed upon and performed by the Trust Administrator, to the extent applicable with respect to such Definitive Certificates, and the Trustee and the Trust Administrator shall recognize the Holders of the Definitive Certificates as Certificateholders hereunder.

 


 

SECTION 5.02.

Registration of Transfer and Exchange of Certificates.

(a)        The Trust Administrator shall cause to be kept at one of the offices or agencies to be appointed by the Trust Administrator in accordance with the provisions of Section 8.11, a Certificate Register for the Certificates in which, subject to such reasonable regulations as it may prescribe, the Trustee shall provide for the registration of Certificates and of transfers and exchanges of Certificates as herein provided.

(b)        No transfer of any Class M-11 Certificate, Class CE Certificate, Class P Certificate or Residual Certificate (collectively, the “Private Certificates”) shall be made unless that transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “1933 Act”), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of a Private Certificate is to be made without registration or qualification (other than in connection with (i) the initial transfer of any such Certificate by the Depositor to an Affiliate of the Depositor, (ii) the transfer of any such Class CE, Class P or Residual Certificate to the issuer under the Indenture or the indenture trustee under the Indenture or (iii) a transfer of any such Certificate from the issuer under the Indenture or the indenture trustee under the Indenture to the Depositor or an Affiliate of the Depositor) the Trust Administrator shall require receipt of: (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Certificateholder desiring to effect the transfer and from such Certificateholder’s prospective transferee, substantially in the forms attached hereto as Exhibit F-1; and (ii) in all other cases, an Opinion of Counsel satisfactory to it that such transfer may be made without such registration (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee, the Trust Administrator, the Master Servicer in its capacity as such or any Sub-Servicer), together with copies of the written certification(s) of the Certificateholder desiring to effect the transfer and/or such Certificateholder’s prospective transferee upon which such Opinion of Counsel is based, if any. None of the Depositor, the Master Servicer, the Trust Administrator or the Trustee is obligated to register or qualify any such Private Certificates under the 1933 Act or any other securities laws or to take any action not otherwise required under this Agreement to permit the transfer of such Certificates without registration or qualification.

If a transfer of an Ownership Interest in the Class M-11 Certificates is to be made without registration under the 1933 Act (other than in connection with the initial transfer of any such Certificate by the Depositor to an affiliate of the Depositor), then the Trust Administrator shall refuse to register such transfer unless it receives (and upon receipt, may conclusively rely upon) a certificate from the Certificateholder desiring to effect such transfer and a certificate from such Certificateholder’s prospective transferee (which in the case of the Book-Entry Certificates, the Certificateholder and the Certificateholder’s prospective transferee shall be deemed to have represented such certification), to the effect that, among other things, the transfer is being made to a qualified institutional buyer as defined in Rule 144A under the Securities Act in accordance with Rule 144A. Any Certificateholder desiring to effect the transfer of any such Certificate shall, and does hereby agree to, indemnify the Trustee, the Trust Administrator, the Depositor and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

 


 

(c)        No transfer of a Private Certificate (other than a Class M-11 Certificate) or any interest therein shall be made to any Plan, any Person acting, directly or indirectly, on behalf of any such Plan or any Person acquiring such Certificates with “Plan Assets” of a Plan within the meaning of the Department of Labor regulation promulgated at 29 C. F. R. § 2510.3-101 (“Plan Assets”), as certified by such transferee in the form of Exhibit G, unless the Trust Administrator is provided with an Opinion of Counsel for the benefit of the Trustee, the Trust Administrator, the Depositor and the Master Servicer and on which they may rely which establishes to the satisfaction of the Depositor, the Trustee, the Trust Administrator and the Master Servicer that the purchase of such Certificates is permissible under applicable law, will not constitute or result in any prohibited transaction under ERISA or Section 4975 of the Code and will not subject the Depositor, the Master Servicer, the NIMS Insurer, the Trust Administrator, the Trustee or the Trust Fund to any obligation or liability (including obligations or liabilities under ERISA or Section 4975 of the Code) in addition to those undertaken in this Agreement, which Opinion of Counsel shall not be an expense of the Depositor, the Master Servicer, the Trust Administrator, the Trustee or the Trust Fund. Neither an Opinion of Counsel nor any certification will be required in connection with the (i) the initial transfer of any such Certificate by the Depositor to an Affiliate of the Depositor, (ii) the transfer of any such Class CE, Class P or Residual Certificate to the issuer under the Indenture or the indenture trustee under the Indenture or (iii) a transfer of any such Certificate from the issuer under the Indenture or the indenture trustee under the Indenture to the Depositor or an Affiliate of the Depositor (in which case, the Transferee thereof shall have deemed to have represented that it is not a Plan or a Person investing Plan Assets) and the Trust Administrator shall be entitled to conclusively rely upon a representation (which, upon the request of the Trust Administrator, shall be a written representation) from the Transferor of the status of such transferee as an affiliate of the Depositor.

Prior to the termination of the Supplemental Interest Trust, no Transfer of a Class A Certificate or Mezzanine Certificate shall be made unless either (i) the Trust Administrator shall have received a representation from the transferee (in the form of Exhibit G) of such Certificate acceptable to and in form and substance satisfactory to the Trust Administrator, to the effect that such transferee is not an employee benefit plan subject to Section 406 of ERISA or a plan subject to Section 4975 of the Code (either a “Plan”), or a Person acting on behalf of a Plan or using the assets a Plan, or (ii) the transferee is deemed to represent that the proposed transfer or holding of such Certificate is eligible for exemptive relief under an individual or class prohibited transaction exemption, including, but not limited to, Prohibited Transaction Exemption (“PTE”) 84-14, XXX 00-00, XXX 00-0, XXX 95-60 or PTE 96-23.

Subsequent to the termination of the Supplemental Interest Trust, each beneficial owner of a Mezzanine Certificate or any interest therein shall be deemed to have represented, by virtue of its acquisition or holding of that certificate or interest therein, that either (i) it is not a Plan or investing with “Plan Assets,” (ii) it has acquired and is holding such Mezzanine Certificate in reliance on the Underwriter’s Exemption, and that it understands that there are certain conditions to the availability of the Underwriter’s Exemption, including that the Mezzanine Certificate must be rated, at the time of purchase not lower than “BBB-” (or its equivalent) by S&P, Xxxxx’x or Fitch or (iii)(1) it is an insurance company, (2) the source of funds used to acquire or hold the certificate or interest therein is an “insurance company general

 


account,” as such term is defined in PTE 95-60, and (3) the conditions in Sections I and III of PTE 95-60 have been satisfied.

If any Mezzanine Certificate or Private Certificate or any interest therein is acquired or held in violation of the provisions of the preceding two paragraphs, the next preceding permitted beneficial owner will be treated as the beneficial owner of that Certificate retroactive to the date of transfer to the purported beneficial owner. Any purported beneficial owner whose acquisition or holding of any such Certificate or interest therein was effected in violation of the provisions of the preceding two paragraphs shall indemnify and hold harmless the Depositor, the Master Servicer, the NIMS Insurer, the Trust Administrator, the Trustee and the Trust Fund from and against any and all liabilities, claims, costs or expenses incurred by those parties as a result of that acquisition or holding.

(d)  (i)   Each Person who has or who acquires any Ownership Interest in a Residual Certificate shall be deemed by the acceptance or acquisition of such Ownership Interest to have agreed to be bound by the following provisions and to have irrevocably authorized the Trust Administrator or its designee under clause (iii)(A) below to deliver payments to a Person other than such Person and to negotiate the terms of any mandatory sale under clause (iii)(B) below and to execute all instruments of Transfer and to do all other things necessary in connection with any such sale. The rights of each Person acquiring any Ownership Interest in a Residual Certificate are expressly subject to the following provisions:

(A)       Each Person holding or acquiring any Ownership Interest in a Residual Certificate shall be a Permitted Transferee and shall promptly notify the Trust Administrator of any change or impending change in its status as a Permitted Transferee.

(B)        In connection with any proposed Transfer of any Ownership Interest in a Residual Certificate, the Trust Administrator shall require delivery to it, and shall not register the Transfer of any Residual Certificate until its receipt of, an affidavit and agreement (a “Transfer Affidavit and Agreement,” in the form attached hereto as Exhibit F-2) from the proposed Transferee, in form and substance satisfactory to the Trust Administrator, representing and warranting, among other things, that such Transferee is a Permitted Transferee, that it is not acquiring its Ownership Interest in the Residual Certificate that is the subject of the proposed Transfer as a nominee, trustee or agent for any Person that is not a Permitted Transferee, that for so long as it retains its Ownership Interest in a Residual Certificate, it will endeavor to remain a Permitted Transferee, and that it has reviewed the provisions of this Section 5.02(d) and agrees to be bound by them.

(C)       Notwithstanding the delivery of a Transfer Affidavit and Agreement by a proposed Transferee under clause (B) above, if a Responsible Officer of the Trust Administrator who is assigned to this transaction has actual knowledge that the proposed Transferee is not a Permitted Transferee, no Transfer of an Ownership Interest in a Residual Certificate to such proposed Transferee shall be effected.

(D)       Each Person holding or acquiring any Ownership Interest in a Residual Certificate shall agree (x) to require a Transfer Affidavit and Agreement in the form

 


attached hereto as Exhibit F-2 from any other Person to whom such Person attempts to transfer its Ownership Interest in a Residual Certificate and (y) not to transfer its Ownership Interest unless it provides a Transferor Affidavit (in the form attached hereto as Exhibit F-2) to the Trust Administrator stating that, among other things, it has no actual knowledge that such other Person is not a Permitted Transferee.

(E)        Each Person holding or acquiring an Ownership Interest in a Residual Certificate, by purchasing an Ownership Interest in such Certificate, agrees to give the Trust Administrator written notice that it is a “pass-through interest holder” within the meaning of temporary Treasury regulation Section 1.67-3T(a)(2)(i)(A) immediately upon acquiring an Ownership Interest in a Residual Certificate, if it is, or is holding an Ownership Interest in a Residual Certificate on behalf of, a “pass-through interest holder.”

(ii)         The Trust Administrator will register the Transfer of any Residual Certificate only if it shall have received the Transfer Affidavit and Agreement and all of such other documents as shall have been reasonably required by the Trust Administrator as a condition to such registration. In addition, no Transfer of a Residual Certificate shall be made unless the Trust Administrator shall have received a representation letter from the Transferee of such Certificate to the effect that such Transferee is a Permitted Transferee.

(iii)        (A)       If any purported Transferee shall become a Holder of a Residual Certificate in violation of the provisions of this Section 5.02(d), then the last preceding Permitted Transferee shall be restored, to the extent permitted by law, to all rights as holder thereof retroactive to the date of registration of such Transfer of such Residual Certificate. The Trust Administrator shall be under no liability to any Person for any registration of Transfer of a Residual Certificate that is in fact not permitted by this Section 5.02(d) or for making any payments due on such Certificate to the holder thereof or for taking any other action with respect to such holder under the provisions of this Agreement.

(B)        If any purported Transferee shall become a holder of a Residual Certificate in violation of the restrictions in this Section 5.02(d) and to the extent that the retroactive restoration of the rights of the holder of such Residual Certificate as described in clause (iii)(A) above shall be invalid, illegal or unenforceable, then the Trust Administrator shall have the right, without notice to the holder or any prior holder of such Residual Certificate, to sell such Residual Certificate to a purchaser selected by the Trust Administrator on such terms as the Trust Administrator may choose. Such purported Transferee shall promptly endorse and deliver each Residual Certificate in accordance with the instructions of the Trust Administrator. Such purchaser may be the Trust Administrator itself or any Affiliate of the Trust Administrator. The proceeds of such sale, net of the commissions (which may include commissions payable to the Trustee or its Affiliates), expenses and taxes due, if any, will be remitted by the Trust Administrator to such purported Transferee. The terms and conditions of any sale under this clause (iii)(B) shall be determined in the sole discretion of the Trust Administrator, and the Trust Administrator shall not be liable to any Person having an Ownership Interest in a

 


Residual Certificate as a result of its exercise of such discretion.

(iv)        The Trust Administrator shall make available to the Internal Revenue Service and those Persons specified by the REMIC Provisions all information necessary to compute any tax imposed (A) as a result of the Transfer of an Ownership Interest in a Residual Certificate to any Person who is a Disqualified Organization, including the information described in Treasury regulations sections 1.860D-1(b)(5) and 1.860E-2(a)(5) with respect to the “excess inclusions” of such Residual Certificate and (B) as a result of any regulated investment company, real estate investment trust, common Trust, partnership, trust, estate or organization described in Section 1381 of the Code that holds an Ownership Interest in a Residual Certificate having as among its record holders at any time any Person which is a Disqualified Organization. Reasonable compensation for providing such information may be accepted by the Trust Administrator.

(v)        The provisions of this Section 5.02(d) set forth prior to this subsection (v) may be modified, added to or eliminated, provided that there shall have been delivered to the Trust Administrator and the NIMS Insurer at the expense of the party seeking to modify, add to or eliminate any such provision the following:

(A)       written notification from each Rating Agency to the effect that the modification, addition to or elimination of such provisions will not cause such Rating Agency to downgrade its then-current ratings of any Class of Certificates; and

(B)        an Opinion of Counsel, in form and substance satisfactory to the Trust Administrator and the NIMS Insurer, to the effect that such modification of, addition to or elimination of such provisions will not cause any Trust REMIC to cease to qualify as a REMIC and will not cause any Trust REMIC to be subject to an entity-level tax caused by the Transfer of any Residual Certificate to a Person that is not a Permitted Transferee or a Person other than the prospective transferee to be subject to a REMIC-tax caused by the Transfer of a Residual Certificate to a Person that is not a Permitted Transferee.

The Trust Administrator shall forward to the NIMS Insurer a copy of the items delivered to it pursuant to (A) and (B) above.

(e)        Subject to the preceding subsections, upon surrender for registration of transfer of any Certificate at any office or agency of the Trust Administrator maintained for such purpose pursuant to Section 8.11, the Trust Administrator shall execute, authenticate and deliver, in the name of the designated Transferee or Transferees, one or more new Certificates of the same Class of a like aggregate Percentage Interest.

(f)         At the option of the Holder thereof, any Certificate may be exchanged for other Certificates of the same Class with authorized denominations and a like aggregate Percentage Interest, upon surrender of such Certificate to be exchanged at any office or agency of the Trust Administrator maintained for such purpose pursuant to Section 8.11. Whenever any Certificates are so surrendered for exchange, the Trust Administrator shall execute, authenticate and deliver, the Certificates which the Certificateholder making the exchange is entitled to receive. Every Certificate presented or surrendered for transfer or exchange shall (if so required

 


 

 

 

 

by the Trust Administrator) be duly endorsed by, or be accompanied by a written instrument of transfer in the form satisfactory to the Trust Administrator duly executed by, the Holder thereof or his attorney duly authorized in writing. In addition, (i) with respect to each Class R Certificate, the holder thereof may exchange, in the manner described above, such Class R Certificate for three separate certificates, each representing such holder’s respective Percentage Interest in the Class R-I Interest, the Class R-II Interest and the Class R-III Interest, respectively, in each case that was evidenced by the Class R Certificate being exchanged and (ii) with respect to each Class R-X Certificate, the holder thereof may exchange, in the manner described above, such Class R-X Certificate for three separate certificates, each representing such holder’s respective Percentage Interest in the Class R-IV Interest, the Class R-V Interest and the Class R-VI Interest, respectively, in each case that was evidenced by the Class R-X Certificate being exchanged.

(g)          No service charge to the Certificateholders shall be made for any transfer or exchange of Certificates, but the Trust Administrator 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.

(h)          All Certificates surrendered for transfer and exchange shall be canceled and destroyed by the Trust Administrator in accordance with its customary procedures.

 

SECTION 5.03.

Mutilated, Destroyed, Lost or Stolen Certificates.

If (i) any mutilated Certificate is surrendered to the Trust Administrator, or the Trust Administrator receives evidence to its satisfaction of the destruction, loss or theft of any Certificate, and (ii) there is delivered to the Trust Administrator, the Trustee and the NIMS Insurer such security or indemnity as may be required by it to save it harmless, then, in the absence of actual knowledge by the Trust Administrator that such Certificate has been acquired by a bona fide purchaser or the Trust Administrator shall execute, authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of the same Class and of like denomination and Percentage Interest. Upon the issuance of any new Certificate under this Section, the Trust Administrator may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trust Administrator) connected therewith. Any replacement Certificate issued pursuant to this Section shall constitute complete and indefeasible evidence of ownership in the applicable REMIC created hereunder, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time.

 

SECTION 5.04.

Persons Deemed Owners.

The Depositor, the Master Servicer, the NIMS Insurer, the Trust Administrator, the Trustee and any agent of any of them may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the purpose of receiving distributions pursuant to Section 4.01 and for all other purposes whatsoever, and none of the Depositor, the Master Servicer, the NIMS Insurer, the Trust Administrator, the Trustee or any agent of any of them shall be affected by notice to the contrary.

 


 

 

SECTION 5.05.

Certain Available Information.

On or prior to the date of the first sale of any Private Certificate to an Independent third party, the Depositor shall provide to the Trust Administrator ten copies of any private placement memorandum or other disclosure document used by the Depositor in connection with the offer and sale of such Certificates. In addition, if any such private placement memorandum or disclosure document is revised, amended or supplemented at any time following the delivery thereof to the Trust Administrator, the Depositor promptly shall inform the Trust Administrator of such event and shall deliver to the Trust Administrator ten copies of the private placement memorandum or disclosure document, as revised, amended or supplemented. The Trust Administrator shall maintain at its Corporate Trust Office and shall make available free of charge during normal business hours for review by any Holder of a Certificate or any Person identified to the Trust Administrator as a prospective transferee of a Certificate, originals or copies of the following items: (i) in the case of a Holder or prospective transferee of a Private Certificate, the related private placement memorandum or other disclosure document relating to such Class of Certificates, in the form most recently provided to the Trust Administrator; and (ii) in all cases, (A) this Agreement and any amendments hereof entered into pursuant to Section 11.01, (B) all monthly statements required to be delivered to Certificateholders of the relevant Class pursuant to Section 4.02 since the Closing Date, and all other notices, reports, statements and written communications delivered to the Certificateholders of the relevant Class pursuant to this Agreement since the Closing Date, (C) all certifications delivered by a Responsible Officer of the Trust Administrator since the Closing Date pursuant to Section 10.01(h), (D) any and all Officers’ Certificates delivered to the Trust Administrator by the Master Servicer since the Closing Date to evidence the Master Servicer’s determination that any Advance or Servicing Advance was, or if made, would be a Nonrecoverable Advance or Nonrecoverable Servicing Advance, respectively, and (E) any and all Officers’ Certificates delivered to the Trust Administrator by the Master Servicer since the Closing Date pursuant to Section 4.04(a). Copies and mailing of any and all of the foregoing items will be available from the Trust Administrator upon request at the expense of the Person requesting the same.

 


 

ARTICLE VI

 

THE DEPOSITOR AND THE MASTER SERVICER

 

SECTION 6.01.

Liability of the Depositor and the Master Servicer.

The Depositor and the Master Servicer each shall be liable in accordance herewith only to the extent of the obligations specifically imposed by this Agreement upon them in their respective capacities as Depositor and Master Servicer and undertaken hereunder by the Depositor and the Master Servicer herein.

 

SECTION 6.02.

Merger or Consolidation of the Depositor or the Master Servicer.

Subject to the following paragraph, the Depositor will keep in full effect its existence, rights and franchises as a corporation under the laws of the jurisdiction of its incorporation. Subject to the following paragraph, the Master Servicer will keep in full effect its existence, rights and franchises as a national banking association and shall ensure that it (or an Affiliate) maintains its qualification as an approved conventional seller/servicer for Xxxxxx Xxx or Xxxxxxx Mac in good standing. The Depositor and the Master Servicer each will obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the Certificates or any of the Mortgage Loans and to perform its respective duties under this Agreement.

The Depositor or the Master Servicer may be merged or consolidated with or into any Person, or transfer all or substantially all of its assets to any Person, in which case any Person resulting from any merger or consolidation to which the Depositor or the Master Servicer shall be a party, or any Person succeeding to the business of the Depositor or the Master Servicer, shall be the successor of the Depositor or the Master Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer shall be qualified to service mortgage loans on behalf of Xxxxxx Mae or Xxxxxxx Mac; and provided further that the Rating Agencies’ ratings of the Class A Certificates and the Mezzanine Certificates in effect immediately prior to such merger or consolidation will not be qualified, reduced or withdrawn as a result thereof (as evidenced by a letter to such effect from the Rating Agencies).

 

SECTION 6.03.

Limitation on Liability of the Depositor, the Master Servicer and Others.

(a)          Subject, in the case of the Master Servicer, to the obligation of the Master Servicer to indemnify the Indemnified Persons pursuant to Section 6.04 below, none of the Depositor, the NIMS Insurer, the Master Servicer or any of the directors, officers, employees or agents of the Depositor or the Master Servicer shall be under any liability to the Trust Fund or the Certificateholders for any action taken or for refraining from the taking of any action in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that this

 


provision shall not protect the Depositor, the Master Servicer or any such Person against any breach of warranties, representations or covenants made herein, or against any specific liability imposed on the Master Servicer pursuant hereto, or against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or negligence in the performance of duties or by reason of reckless disregard of obligations and duties hereunder. The Depositor, the NIMS Insurer and the Master Servicer and any director, officer, employee or agent of the Depositor, the NIMS Insurer or the Master Servicer may rely in good faith on any document of any kind which, prima facie, is properly executed and submitted by any Person respecting any matters arising hereunder.

The Master Servicer and any director, officer, employee or agent of the Master Servicer may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder. In taking or recommending any course of action pursuant to this Agreement, unless specifically required to do so pursuant to this Agreement, the Master Servicer shall not be required to investigate or make recommendations concerning potential liabilities which the Trust might incur as a result of such course of action by reason of the condition of the Mortgaged Properties but shall give notice to the Trustee and the NIMS Insurer if it has notice of such potential liabilities. The Master Servicer shall not be liable for any acts or omissions of any Servicer, except as otherwise expressly provided herein.

(b)          The Depositor, the NIMS Insurer and any director, officer, employee or agent of the Depositor or the NIMS Insurer shall be indemnified and held harmless by the Trust Fund 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 relating to any specific Mortgage Loan or Mortgage Loans (except as any such loss, liability or expense shall be otherwise reimbursable pursuant to this Agreement) or any loss, liability or expense incurred by reason of willful misfeasance, bad faith or negligence in the performance of duties hereunder or by reason of reckless disregard of obligations and duties hereunder.

The Servicer and any director, officer, employee or agent of the Servicer shall be indemnified and held harmless by the Trust Fund against any loss, liability or expense incurred in connection with (a) any legal action relating to the Servicing Agreement or the Certificates, other than any loss, liability or expense relating to any specific Mortgage Loan or Mortgage Loans (except as any such loss, liability or expense shall be otherwise reimbursable pursuant to the Servicing Agreement) or any loss, liability or expense incurred by the Servicer other than any loss, liability or expense (i) incurred by reason of willful misfeasance, bad faith or negligence in the performance of duties under the Servicing Agreement, (ii) in connection with any event of default under the Servicing Agreement or (iii) by reason of reckless disregard of obligations and duties or by reason of a breach of any obligations and duties under the Servicing Agreement and (b) any breach of a representation or warranty regarding the Mortgage Loans (but only to the extent of amounts paid by the related Originator or the Seller, as applicable, to the Trust Fund pursuant to its obligations under the related Servicing Agreement or Section 7 of the Mortgage Loan Purchase Agreement, as applicable).

(c)          The Master Servicer and any director, officer, employee or agent of the Master Servicer shall be indemnified by the Trust Fund and held harmless thereby against any

 


loss, liability or expense including reasonable legal fees and disbursements of counsel incurred by the Master Servicer sustained in connection with, arising out of, or related to, any claim or legal action (including any pending or threatened claim or legal action) relating to this Agreement, the Certificates or the Servicing Agreement or otherwise arising out of or in connection with the acceptance or administration of the obligations and duties of the Master Servicer under this Agreement or the Servicing Agreement, other than any loss, liability or expense (i) that does not constitute an “unanticipated expense” within the meaning of the REMIC Provisions, (ii) that is specifically required to be incurred by the Master Servicer without right of reimbursement pursuant to this Agreement, (iii) for which the Master Servicer receives indemnification, from the Servicer or otherwise, pursuant to the Assignment, Assumption and Recognition Agreement or the Servicing Agreement, (iv) in the case of the Master Servicer, that constitutes a Servicing Advance relating to a specific Mortgage Loan or Mortgage Loans for which the Master Servicer’s entitlement to reimbursement shall be governed by Section 3.21 or (v) that is incurred by reason of willful misfeasance, bad faith or negligence of the Master Servicer in the performance of its duties hereunder, or by reason of the Master Servicer’s reckless disregard of obligations and duties hereunder, or as a result of a breach of the Master Servicer’s obligations under Article X hereof. Notwithstanding the foregoing, if the Master Servicer shall be acting as successor to the Servicer under the Servicing Agreement, the provisions of Section 6.03(d), and not the provisions of this Section 6.03(c), shall govern the Trust Fund’s indemnification of the Master Servicer when it is acting in such capacity.

(d)          The Master Servicer, if it shall be acting in a capacity as successor Servicer, and any director, officer, employee or agent of the Master Servicer shall be indemnified and held harmless by the Trust Fund against any loss, liability or expense, including reasonable legal fees and disbursements of counsel, incurred in connection with the Master Servicer’s acting in such capacity and sustained in connection with, arising out of, or related to, any claim or legal action (including any pending or threatened claim or legal action) relating to this Agreement, the Certificates or the Servicing Agreement, other than any loss, liability or expense to any specific Mortgage Loan or Mortgage Loans (except as any such loss, liability or expense shall be otherwise reimbursable pursuant to this Agreement) or any loss, liability or expense incurred by reason of willful misfeasance, bad faith or negligence in the performance of duties hereunder or by reason of reckless disregard of obligations and duties hereunder.

(e)          None of the Depositor, the NIMS Insurer or the Master Servicer shall be under any obligation to appear in, prosecute or defend any legal action unless such action is related to its respective duties under this Agreement and, in its opinion, does not involve it in any expense or liability; provided, however, that each of the Depositor, the NIMS Insurer and the Master Servicer may in its discretion undertake any such action which it may deem necessary or desirable with respect to this Agreement and the rights and duties of the parties hereto and the interests of the Certificateholders hereunder. In such event, unless the Depositor or the Master Servicer acts without the consent of Holders of Certificates entitled to at least 51% of the Voting Rights, the legal expenses and costs of such action and any liability resulting therefrom (except any loss, liability or expense incurred by reason of willful misfeasance, bad faith or gross negligence in the performance of duties hereunder or by reason of reckless disregard of obligations and duties hereunder) shall be expenses, costs and liabilities of the Trust Fund, and the Depositor, the NIMS Insurer and the Master Servicer shall be entitled to be reimbursed

 


therefor from the Distribution Account as an Extraordinary Trust Fund Expense, any such right of reimbursement being prior to the rights of the Certificateholders to receive any amount in the Distribution Account. Nothing in this Section 6.03(e) shall affect the Master Servicer’s obligation to supervise, or to take such actions as are necessary to ensure, the servicing and administration of the Mortgage Loans pursuant to Section 3.01.

 

SECTION 6.04.

Indemnification from the Master Servicer.

The Master Servicer agrees to indemnify the Indemnified Persons for, and to hold them harmless against, any loss, liability or expense (including reasonable legal fees and disbursements of counsel) incurred on their part that may be sustained in connection with, arising out of, or relating to, any claim or legal action (including any pending or threatened claim or legal action) relating to this Agreement or the Certificates or the powers of attorney delivered by the Trustee hereunder (i) related to the Master Servicer’s failure to perform its duties in compliance with this Agreement (except as any such loss, liability or expense shall be otherwise reimbursable pursuant to this Agreement) or (ii) incurred by reason of the Master Servicer’s willful misfeasance, bad faith or gross negligence in the performance of duties hereunder or by reason of reckless disregard of obligations and duties hereunder, provided, in each case, that with respect to any such claim or legal action (or pending or threatened claim or legal action), the Trustee shall have given the Master Servicer and the Depositor written notice thereof promptly after the Trustee shall have with respect to such claim or legal action knowledge thereof. The Master Servicer’s failure to receive any such notice shall not affect any Indemnified Person’s right to indemnification under this Section 6.04, except to the extent the Master Servicer is materially prejudiced by such failure to give notice. This indemnity shall survive the resignation or removal of the Trustee, Master Servicer or the Trust Administrator and the termination of this Agreement. For purposes of this Section 6.04, “Indemnified Persons” means the Trustee, the NIMS Insurer and their officers, directors, agents and employees and, with respect to the Trustee, any separate co-trustee and its officers, directors, agents and employees.

 

SECTION 6.05.

Limitation on Resignation of the Master Servicer; Assignment of Master Servicing.

(a)          The Master Servicer shall not resign from the obligations and duties hereby imposed on it except (a) upon appointment of a successor master servicer and receipt by the Trustee and the NIMS Insurer of a letter from each Rating Agency that such a resignation and appointment will not result in a downgrading of the rating of any of the Certificates, (b) upon determination that its duties hereunder are no longer permissible under applicable law or (c) pursuant to Section 6.05(b). Any such determination under clause (b) permitting the resignation of the Master Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Trustee and the NIMS Insurer. No such resignation shall become effective until the Trustee or a successor master servicer shall have assumed the Master Servicer’s responsibilities, duties, liabilities and obligations hereunder.

(b)          The Master Servicer may sell, assign or delegate its rights, duties and obligations as Master Servicer under this Agreement in their entirety; provided, however, that: (i) the purchaser or transferee accepting such sale, assignment and delegation (a) shall be a Person qualified to service mortgage loans for Xxxxxx Xxx or Xxxxxxx Mac; (b) shall have a net

 


worth of not less than $50,000,000 (unless otherwise approved by each Rating Agency pursuant to clause (ii) below); (c) shall be reasonably satisfactory to the NIMS Insurer and the Trustee (as evidenced in a writing signed by each of the NIMS Insurer and the Trustee); and (d) shall execute and deliver to the Trustee and the NIMS Insurer an agreement, in form and substance reasonably satisfactory to the Trustee and the NIMS Insurer, which contains an assumption by such Person of the due and punctual performance and observance of each covenant and condition to be performed or observed by it as master servicer under this Agreement from and after the effective date of such assumption agreement; (ii) each Rating Agency shall be given prior written notice of the identity of the proposed successor to the Master Servicer and shall confirm in writing to the Master Servicer, the NIMS Insurer and the Trustee that any such sale, assignment or delegation would not result in a withdrawal or a downgrading of the rating on any Class of Certificates in effect immediately prior to such sale, assignment or delegation; and (iii) the Master Servicer shall deliver to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent to such action under this Agreement have been fulfilled and such action is permitted by and complies with the terms of this Agreement. No such sale, assignment or delegation shall affect any liability of the Master Servicer arising prior to the effective date thereof.

 

SECTION 6.06.

Successor Master Servicer.

In connection with the appointment of any successor Master Servicer or the assumption of the duties of the Master Servicer, the Depositor, the NIMS Insurer or the Trustee may make such arrangements for the compensation of such successor Master Servicer out of payments on the Mortgage Loans as the Depositor, the NIMS Insurer or the Trustee and such successor Master Servicer shall agree. If the successor Master Servicer does not agree that such market value is a fair price, such successor Master Servicer shall obtain two quotations of market value from third parties actively engaged in the master servicing of single-family mortgage loans. Notwithstanding the foregoing, the compensation payable to a successor Master Servicer may not exceed the compensation which the Master Servicer would have been entitled to retain if the Master Servicer had continued to act as Master Servicer hereunder.

 

SECTION 6.07.

Rights of the Depositor in Respect of the Master Servicer.

The Master Servicer shall afford the Depositor, the NIMS Insurer and the Trustee, upon five (5) Business Days prior notice, during normal business hours, access to all records maintained by the Master Servicer in respect of the Master Servicer’s rights and obligations hereunder and access to officers of the Master Servicer responsible for such obligations. Upon request, the Master Servicer shall furnish to the Depositor, the NIMS Insurer and the Trustee its most recent financial statements and such other information relating to the Master Servicer’s capacity to perform its obligations under this Agreement as it possesses. To the extent such information is not otherwise available to the public, the Depositor, the NIMS Insurer and the Trustee shall not disseminate any information obtained pursuant to the preceding two sentences without the Master Servicer’s written consent, except as required pursuant to this Agreement or to the extent that it is appropriate to do so (i) in working with legal counsel, auditors, taxing authorities or other governmental agencies or (ii) pursuant to any law, rule, regulation, order, judgment, writ, injunction or decree of any court or governmental authority having jurisdiction over the Depositor and the Trustee or the Trust Fund, and in any case, the Depositor, the NIMS

 


Insurer or the Trustee as the case may be, shall use its best efforts to assure the confidentiality of any such disseminated non-public information. The Depositor may, but is not obligated to, enforce the obligations of the Master Servicer under this Agreement and may, but is not obligated to, perform, or cause a designee to perform, any defaulted obligation of the Master Servicer under this Agreement or exercise the rights of the Master Servicer under this Agreement; provided that the Master Servicer shall not be relieved of any of its obligations under this Agreement by virtue of such performance by the Depositor or its designee. The Depositor shall not have any responsibility or liability for any action or failure to act by the Master Servicer and is not obligated to supervise the performance of the Master Servicer under this Agreement or otherwise.

 

SECTION 6.08.

Duties of the Credit Risk Manager.

For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Charges with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided to the Credit Risk Manager pursuant to the respective Credit Risk Management Agreement, and the Credit Risk Manager shall look solely to the Servicers and/or Master Servicer, as applicable, for all information and data (including loss and delinquency information and data) relating to the servicing of the related Mortgage Loans. Upon any termination of the Credit Risk Manager or the appointment of a successor Credit Risk Manager, the Depositor shall give written notice thereof to each Servicer, the Trustee, the Master Servicer, the Trust Administrator and each Rating Agency. Notwithstanding the foregoing, the termination of the Credit Risk Manager pursuant to this Section shall not become effective until the appointment of a successor Credit Risk Manager.

 

SECTION 6.09.

Limitation Upon Liability of the Credit Risk Manager.

Neither the Credit Risk Manager, nor any of its directors, officers, employees, or agents shall be under any liability to the Trustee, the Certificateholders, the Trust Administrator or the Depositor for any action taken or for refraining from the taking of any action made in good faith pursuant to this Agreement, in reliance upon information provided by the Servicers under the related Credit Risk Management Agreement, or for errors in judgment; provided, however, that this provision shall not protect the Credit Risk Manager or any such person against liability that would otherwise be imposed by reason of willful malfeasance or bad faith in its performance of its duties. The Credit Risk Manager and any director, officer, employee, or agent of the Credit Risk Manager may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder, and may rely in good faith upon the accuracy of information furnished by a Servicer pursuant to the applicable Credit Risk Management Agreement in the performance of its duties thereunder and hereunder.

 

SECTION 6.10.

Removal of the Credit Risk Manager.

The Credit Risk Manager may be removed as Credit Risk Manager by Certificateholders holding not less than 66 2/3% of the Voting Rights in the Trust Fund, in the exercise of its or their sole discretion. The Certificateholders shall provide written notice of the Credit Risk Manager’s removal to the Trustee. Upon receipt of such notice, the Trustee shall

 


provide written notice to the Credit Risk Manager of its removal, which shall be effective upon receipt of such notice by the Credit Risk Manager.

 


 

ARTICLE VII

 

DEFAULT

 

SECTION 7.01.

Master Servicer Events of Termination.

(a)          “Master Servicer Event of Termination,” wherever used herein, means any one of the following events:

(i)           the Master Servicer fails to cause to be deposited in the Distribution Account any amount so required to be deposited pursuant to this Agreement (other than an Advance), and such failure continues unremedied for a period of three Business Days after the date upon which written notice of such failure, requiring the same to be remedied, shall have been given to the Master Servicer; or

(ii)          the Master Servicer fails to observe or perform in any material respect any other material covenants and agreements set forth in this Agreement to be performed by it, which covenants and agreements materially affect the rights of Certificateholders, and such failure continues unremedied for a period of 60 days after the date on which written notice of such failure, properly requiring the same to be remedied, shall have been given to the Master Servicer by the Trustee or the NIMS Insurer or to the Master Servicer and the Trustee by the Holders of Certificates evidencing not less than 25% of the Voting Rights; or

(iii)        there is entered against the Master Servicer 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, marshaling of assets and liabilities or similar proceedings, or for the winding up or liquidation of its affairs, and the continuance of any such decree or order is unstayed and in effect for a period of 60 consecutive days, or an involuntary case is commenced against the Master Servicer under any applicable insolvency or reorganization statute and the petition is not dismissed within 60 days after the commencement of the case; or

(iv)         the Master Servicer consents to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to the Master Servicer or substantially all of its property; or the Master Servicer admits in writing its inability to pay its debts generally as they become due, files a petition to take advantage of any applicable insolvency or reorganization statute, makes an assignment for the benefit of its creditors, or voluntarily suspends payment of its obligations; or

(v)          the Master Servicer assigns or delegates its duties or rights under this Agreement in contravention of the provisions permitting such assignment or delegation under Section 6.05; or

(vi)         any failure of the Master Servicer to make any Advance (other than a Nonrecoverable Advance) required to be made from its own funds pursuant to

 


Section 4.03 by 5:00 p.m. New York time on the Business Day prior to the applicable Distribution Date.

In each and every such case, so long as such Master Servicer Event of Termination with respect to the Master Servicer shall not have been remedied, either the Trustee, the NIMS Insurer or the Holders of Certificates evidencing not less than 51% of the Voting Rights, by notice in writing to the Depositor, the Master Servicer (and to the Trustee if given by such Certificateholders), with a copy to the NIMS Insurer and the Rating Agencies, may terminate all of the rights and obligations (but not the liabilities) of the Master Servicer under this Agreement and in and to the Mortgage Loans and/or the REO Property master serviced by the Master Servicer and the proceeds thereof. Upon the receipt by the Master Servicer of the written notice, all authority and power of the Master Servicer under this Agreement, whether with respect to the Certificates, the Mortgage Loans, REO Property or under any other related agreements (but only to the extent that such other agreements relate to the Mortgage Loans or related REO Property) shall, subject to Section 7.02, automatically and without further action pass to and be vested in the Trustee pursuant to this Section 7.01; and, without limitation, the Trustee is hereby authorized and empowered to execute and deliver, on behalf of the Master Servicer as attorney-in-fact or otherwise, any and all documents and other instruments and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents, or otherwise. The Master Servicer agrees to cooperate with the Trustee in effecting the termination of the Master Servicer’s rights and obligations hereunder, including, without limitation, the transfer to the Trustee of (i) the property and amounts which are then or should be part of the Trust Fund or which thereafter become part of the Trust Fund; and (ii) originals or copies of all documents of the Master Servicer reasonably requested by the Trustee to enable it to assume the Master Servicer’s duties thereunder. In addition to any other amounts which are then, or, notwithstanding the termination of its activities under this Agreement, may become payable to the Master Servicer under this Agreement, the Master Servicer shall be entitled to receive, out of any amount received on account of a Mortgage Loan or related REO Property, that portion of such payments which it would have received as reimbursement under this Agreement if notice of termination had not been given. The termination of the rights and obligations of the Master Servicer shall not affect any obligations incurred by the Master Servicer prior to such termination.

Notwithstanding the foregoing, if a Master Servicer Event of Termination described in clause (vi) of this Section 7.01 shall occur, the Trustee shall, by notice in writing to the Master Servicer, which may be delivered by telecopy, immediately terminate all of the rights and obligations of the Master Servicer thereafter arising under this Agreement, but without prejudice to any rights it may have as a Certificateholder or to reimbursement of Advances and other advances of its own funds, and the Trustee shall act as provided in Section 7.02 to carry out the duties of the Master Servicer, including the obligation to make any Advance the nonpayment of which was a Master Servicer Event of Termination described in clause (vi) of this Section 7.01. Any such action taken by the Trustee must be prior to the distribution on the relevant Distribution Date.

 


 

 

SECTION 7.02.

Trustee to Act; Appointment of Successor.

(a)          Upon the receipt by the Master Servicer of a notice of termination pursuant to Section 7.01 or an Opinion of Counsel rendered by Independent counsel pursuant to Section 6.05 to the effect that the Master Servicer is legally unable to act or to delegate its duties to a Person which is legally able to act, the Trustee shall automatically become the successor in all respects to the Master Servicer in its capacity under this Agreement and the transactions set forth or provided for herein and shall thereafter be subject to all the responsibilities, duties, liabilities and limitations on liabilities relating thereto placed on the Master Servicer by the terms and provisions hereof; provided, however, that the Trustee shall have no obligation whatsoever with respect to any liability (other than Advances deemed recoverable and not previously made) incurred by the Master Servicer at or prior to the time of termination. As compensation therefor, but subject to Section 6.06, the Trustee shall be entitled to compensation which the Master Servicer would have been entitled to retain if the Master Servicer had continued to act hereunder, except for those amounts due the Master Servicer as reimbursement permitted under this Agreement for advances previously made or expenses previously incurred. 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 which is a Xxxxxx Xxx- or Xxxxxxx Mac-approved servicer, and with respect to a successor to the Master Servicer only, having a net worth of not less than $10,000,000, as the successor to the Master Servicer hereunder in the assumption of all or any part of the responsibilities, duties or liabilities of the Master Servicer hereunder; provided, that the Trustee shall obtain consent from the NIMS Insurer and a letter or other evidence each Rating Agency that the ratings, if any, on each of the Certificates will not be lowered as a result of the selection of the successor to the Master Servicer. Pending appointment of a successor to the Master Servicer hereunder, the Trustee shall act in such capacity as hereinabove provided. In connection with such appointment and assumption, the Trustee may make such arrangements for the compensation of such successor out of payments on the Mortgage Loans as it and such successor shall agree; provided, however, that the provisions of Section 6.06 shall apply, the compensation shall not be in excess of that which the Master Servicer would have been entitled to if the Master Servicer had continued to act hereunder, and that such successor shall undertake and assume the obligations of the Trustee to pay compensation to any third Person acting as an agent or independent contractor in the performance of master servicing responsibilities hereunder. The Trustee and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession.

All reasonable Servicing Transfer Costs shall be paid by the predecessor Master Servicer upon presentation of reasonable documentation of such costs, and if such predecessor Master Servicer defaults in its obligation to pay such costs, such costs shall be paid by the successor Master Servicer or the Trustee (in which case the successor Master Servicer or the Trustee, as applicable, shall be entitled to reimbursement therefor from the assets of the Trust Fund).

(b)          If the Trustee shall succeed to any duties of the Master Servicer respecting the Mortgage Loans as provided herein, it shall do so in a separate capacity and not in its capacity as Trustee and, accordingly, the provisions of Article VIII shall be inapplicable to the

 


Trustee in its duties as the successor to the Master Servicer in the master servicing of the Mortgage Loans (although such provisions shall continue to apply to the Trustee in its capacity as Trustee); the provisions of Article VI, however, shall apply to it in its capacity as successor Master Servicer.

 

SECTION 7.03.

Notification to Certificateholders.

(a)          Upon any termination of the Master Servicer pursuant to Section 7.01 above or any appointment of a successor to the Master Servicer pursuant to Section 7.02 above, the Trustee (or such other successor Trust Administrator) shall give prompt written notice thereof to Certificateholders, the Servicer and the NIMS Insurer at their respective addresses appearing in the Certificate Register.

(b)          Not later than the later of 60 days after the occurrence of any event, which constitutes or which, with notice or lapse of time or both, would constitute a Master Servicer Event of Termination or five days after a Responsible Officer of the Trustee becomes aware of the occurrence of such an event, the Trustee shall transmit by mail to the NIMS Insurer and to all Holders of Certificates notice of each such occurrence, unless such default or Master Servicer Event of Termination shall have been cured or waived.

 

SECTION 7.04.

Waiver of Master Servicer Events of Termination.

The Holders representing at least 66% of the Voting Rights (with the consent of the NIMS Insurer) evidenced by all Classes of Certificates affected by any default or Master Servicer Event of Termination hereunder may waive such default or Master Servicer Event of Termination; provided, however, that a default or Master Servicer Event of Termination under clause (i) or (vii) of Section 7.01 may be waived only by all of the Holders of the Regular Certificates (with the consent of the NIMS Insurer). Upon any such waiver of a default or Master Servicer Event of Termination, such default or Master Servicer Event of Termination shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Master Servicer Event of Termination or impair any right consequent thereon except to the extent expressly so waived. Notice of any such waiver shall be given by the Trustee to the Rating Agencies and the NIMS Insurer.

 

SECTION 7.05.

Survivability of Master Servicer Liabilities.

Notwithstanding anything herein to the contrary, upon termination of the Master Servicer hereunder, any liabilities of the Master Servicer which accrued prior to such termination shall survive such termination.

 


 

ARTICLE VIII

 

CONCERNING THE TRUSTEE AND THE TRUST ADMINISTRATOR

 

SECTION 8.01.

Duties of Trustee and Trust Administrator.

The Trustee and the Trust Administrator, prior to the occurrence of a Master Servicer Event of Termination and after the curing of all Master Servicer Events of Termination which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. If a Master Servicer Event of Termination has occurred (which has not been cured) of which a Responsible Officer has knowledge, each of the Trustee and the Trust Administrator 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 man would exercise or use under the circumstances in the conduct of his own affairs.

Each of the Trustee and the Trust Administrator, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to it which are specifically required to be furnished pursuant to any provision of this Agreement, shall examine them to determine whether they conform to the requirements of this Agreement; provided, however, that neither the Trustee nor the Trust Administrator will be responsible for the accuracy or content of any such resolutions, certificates, statements, opinions, reports, documents or other instruments. If any such instrument is found not to conform to the requirements of this Agreement in a material manner the Trustee or the Trust Administrator, as applicable, shall take such action as it deems appropriate to have the instrument corrected, and if the instrument is not corrected to the Trustee’s or the Trust Administrator’s satisfaction, the Trustee or the Trust Administrator, as applicable, will provide notice thereof to the Certificateholders and the NIMS Insurer.

No provision of this Agreement shall be construed to relieve the Trustee or the Trust Administrator from liability for its own negligent action, its own negligent failure to act or its own misconduct; provided, however, that:

(1)          Prior to the occurrence of a Master Servicer Event of Termination, and after the curing of all such Master Servicer Events of Termination which may have occurred, the duties and obligations of the Trustee and the Trust Administrator shall be determined solely by the express provisions of this Agreement, the Trustee and the Trust Administrator 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 or the Trust Administrator and, in the absence of bad faith on the part of the Trustee or the Trust Administrator, as applicable, the Trustee or the Trust Administrator, as applicable, 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 or the Trust Administrator, as the case may be, and conforming to the requirements of this Agreement;

 


 

(2)          Neither the Trustee nor the Trust Administrator shall be personally liable for an error of judgment made in good faith by a Responsible Officer of the Trustee or the Trust Administrator, as applicable, unless it shall be proved that the Trustee or the Trust Administrator, as the case may be, was negligent in ascertaining the pertinent facts;

(3)          Neither the Trustee nor the Trust Administrator shall be personally liable with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with the direction of the NIMS Insurer or the Holders of Certificates evidencing not less than 51% of the Voting Rights relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee or the Trust Administrator, as applicable, or exercising or omitting to exercise any trust or power conferred upon the Trustee, under this Agreement; and

(4)          The Trustee shall not be required to take notice or be deemed to have notice or knowledge of any default or Master Servicer Event of Termination unless a Responsible Officer of the Trustee at the Corporate Trust Office obtains actual knowledge of such failure or the Trustee receives written notice of such failure from the Depositor, the Servicer or the Holders of Certificates evidencing not less than 51% of the Voting Rights.

Neither the Trustee nor the Trust Administrator shall be required to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if there is reasonable ground for believing that the repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it, and none of the provisions contained in this Agreement shall in any event require the Trustee to perform, or be responsible for the manner of performance of, any of the obligations of the Master Servicer under this Agreement, except during such time, if any, as the Trustee shall be the successor to, and be vested with the rights, duties, powers and privileges of, the Master Servicer in accordance with the terms of this Agreement.

 

SECTION 8.02.

Certain Matters Affecting the Trustee and the Trust Administrator

 

(a)

Except as otherwise provided in Section 8.01:

(1)          Either the Trustee or the Trust Administrator may request and rely upon, and shall be protected in acting or refraining from acting upon, any resolution, Officers’ Certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties, and the manner of obtaining consents and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable regulations as the Trustee or the Trust Administrator may prescribe;

(2)          Either the Trustee or the Trust Administrator 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;

(3)          Neither the Trustee nor the Trust Administrator shall be under any 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 or the NIMS Insurer, pursuant to the provisions of this Agreement, unless such Certificateholders or the NIMS Insurer, as applicable, shall have offered to the Trustee or the Trust Administrator, as applicable, reasonable security or indemnity against the costs, expenses and liabilities which may be incurred therein or thereby; the right of the Trustee or the Trust Administrator to perform any discretionary act enumerated in this Agreement shall not be construed as a duty, and neither the Trustee nor the Trust Administrator shall be answerable for other than its negligence or willful misconduct in the performance of any such act; nothing contained herein shall, however, relieve the Trustee of the obligation, upon the occurrence of a Master Servicer Event of Termination of which the Trustee has received written notice or of which a Responsible Officer of the Trustee has actual knowledge (which has not been cured or waived), to exercise such of the rights and powers vested in it by this Agreement, and to use the same degree of care and skill in their exercise, as a prudent person would exercise under the circumstances in the conduct of his own affairs;

(4)          Prior to the occurrence of a Master Servicer Event of Termination hereunder and after the curing or waiver of all Master Servicer Events of Termination which may have occurred, neither the Trustee nor the Trust Administrator shall 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;

(5)          Prior to the occurrence of a Master Servicer Event of Termination and after the curing of all Master Servicer Events of Termination which may have occurred, neither the Trustee nor the Trust Administrator shall 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 to do so by the NIMS Insurer or the Holders of Certificates entitled to at least 25% of the Voting Rights; provided, however, that if the payment within a reasonable time to the Trustee or the Trust Administrator, as applicable, 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 or the Trust Administrator, as applicable, not reasonably assured to the Trustee or the Trust Administrator, as applicable, by the security afforded to it by the terms of this Agreement, the Trustee or the Trust Administrator, as applicable, may require reasonable indemnity against such cost, expense or liability as a condition to such proceeding; and

(6)          Either the Trustee or the Trust Administrator may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys, custodians or nominees.

 


 

(b)          All rights of action under this Agreement or under any of the Certificates, enforceable by the Trustee, may be enforced by it without the possession of any of the Certificates, or the production thereof at the trial or other proceeding relating thereto, and any such suit, action or proceeding instituted by the Trustee shall be brought in its name for the benefit of all the Holders of such Certificates, subject to the provisions of this Agreement.

 

SECTION 8.03.

Neither Trustee nor Trust Administrator Liable for Certificates or Mortgage Loans.

The recitals contained herein and in the Certificates (other than the signature of the Trust Administrator, the authentication of the Trust Administrator on the Certificates, the acknowledgments of the Trustee contained in Article II and the representations and warranties of the Trustee and the Trust Administrator in Section 8.13) shall be taken as the statements of the Depositor and neither the Trustee nor the Trust Administrator assumes any responsibility for their correctness. Neither the Trustee nor the Trust Administrator makes any representations or warranties as to the validity or sufficiency of this Agreement (other than as specifically set forth in Section 8.12) or of the Certificates (other than the signature of the Trust Administrator and authentication of the Trust Administrator on the Certificates) or of any Mortgage Loan or related document. Neither the Trustee nor the Trust Administrator shall be accountable for the use or application by the Depositor of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Depositor or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Distribution Account by the Master Servicer.

 

SECTION 8.04.

Trustee and Trust Administrator May Own Certificates.

Each of the Trustee and the Trust Administrator in its individual capacity or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee or Trust Administrator, as applicable. Each of the Trustee and the Trust Administrator in its individual capacity or any other capacity may transact any banking and trust business with the Originator, the Servicer, the Depositor or their Affiliates.

 

SECTION 8.05.

Trust Administrator’s and Trustee’s Fees and Expenses.

On each Distribution Date, the Trust Administrator shall withdraw from the Distribution Account and pay to itself the Administration Fee. The annual fees of the Trustee hereunder and of the Custodian shall be paid in accordance with side letter agreements with the Trust Administrator and at the sole expense of the Trust Administrator. The Trustee, the Trust Administrator or any director, officer, employee or agent of any of them, shall be indemnified by the Trust Fund and held harmless against any loss, liability or expense (not including expenses and disbursements incurred or made by the Trustee or the Trust Administrator, including the compensation and the expenses and disbursements of its agents and counsel, in the ordinary course of the Trustee’s or the Trust Administrator’s performance in accordance with the provisions of this Agreement) incurred by the Trustee or by the Trust Administrator arising out of or in connection with the acceptance or administration of the obligations and duties of the Trustee or the Trust Administrator under this Agreement, other than any loss, liability or expense (i) resulting from a breach of the Servicer’s or the Master Servicer’s obligations and duties under

 


the Servicing Agreement or this Agreement, as applicable, for which the Trustee or the Trust Administrator, as applicable, is indemnified under the Servicing Agreement or under Section 6.04 of this Agreement, as applicable or (ii) any loss, liability or expense incurred by reason of willful misfeasance, bad faith or negligence of the Trustee or of the Trust Administrator, as applicable, in the performance of its duties hereunder or by reason of the Trustee’s or the Trust Administrator’s, as applicable, reckless disregard of obligations and duties hereunder or as a result of a breach of the Trustee’s or the Trust Administrator’s, as applicable, obligations under Article X hereof. It is understood by the parties hereto that the Custodian is entitled to indemnification from the Trust pursuant to Section 11 of the Custodial Agreement. Any amounts payable to the Trustee, the Trust Administrator or any director, officer, employee or agent of the Trustee or the Trust Administrator, in respect of the indemnification provided by this Section 8.05, or pursuant to any other right of reimbursement from the Trust Fund that the Trustee, the Trust Administrator or any director, officer, employee or agent of the Trustee or the Trust Administrator, may have hereunder in its capacity as such, may be withdrawn by the Trust Administrator for payment to the applicable indemnified Person from the Distribution Account at any time. The foregoing indemnity shall survive the resignation or removal of the Trustee or the Trust Administrator.

 

SECTION 8.06.

Eligibility Requirements for Trustee and Trust Administrator.

Each of the Trustee and the Trust Administrator hereunder shall at all times be an entity duly organized and validly existing under the laws of the United States of America or any state thereof, 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 entity 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 entity shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The principal offices of each of the Trustee and the Trust Administrator (other than the initial Trustee and initial Trust Administrator) shall be in a state with respect to which an Opinion of Counsel has been delivered to such Trustee or Trust Administrator, as applicable, at the time such Trustee or Trust Administrator, as applicable, is appointed Trustee or Trust Administrator, as applicable, to the effect that the Trust will not be a taxable entity under the laws of such state. In case at any time the Trustee or the Trust Administrator shall cease to be eligible in accordance with the provisions of this Section 8.06, the Trustee or the Trust Administrator, as applicable, shall resign immediately in the manner and with the effect specified in Section 8.07.

 

SECTION 8.07.

Resignation and Removal of the Trustee or Trust Administrator.

The Trustee or the Trust Administrator may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Depositor, the NIMS Insurer, the Servicer, the Master Servicer, each Rating Agency and, if the Trustee is resigning, to the Trust Administrator, or, if the Trust Administrator is resigning, to the Trustee. Upon receiving such notice of resignation, the Depositor shall promptly appoint a successor Trustee or Trust Administrator, (which may be the same Person in the event both the Trustee and the Trust

 


Administrator resign or are removed) acceptable to the NIMS Insurer by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Trustee or Trust Administrator, as applicable, and one copy to the successor Trustee or Trust Administrator. If no successor Trustee or Trust Administrator, as applicable, shall have been so appointed and having accepted appointment within 30 days after the giving of such notice of resignation, the resigning Trustee or Trust Administrator may petition any court of competent jurisdiction for the appointment of a successor Trustee or Trust Administrator, as applicable.

If at any time the Trustee or the Trust Administrator shall cease to be eligible in accordance with the provisions of Section 8.06 and shall fail to resign after written request therefor by the Depositor or the NIMS Insurer (or in the case of the Trust Administrator, the Trustee), or if at any time the Trustee or the Trust Administrator shall be legally unable to act, or shall be adjudged bankrupt or insolvent, or a receiver of the Trustee or the Trust Administrator or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or the Trust Administrator or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then the Depositor, the NIMS Insurer or the Master Servicer may remove the Trustee or the Trust Administrator, as applicable. If the Depositor or the Master Servicer removes the Trustee or the Trust Administrator under the authority of the immediately preceding sentence, the Depositor shall promptly appoint a successor Trustee or Trust Administrator, as applicable, acceptable to the NIMS Insurer, by written instrument, in duplicate, one copy of which instrument shall be delivered to the Trustee or Trust Administrator so removed and one copy to the successor Trustee or Trust Administrator.

The Holders of Certificates entitled to at least 51% of the Voting Rights (or the NIMS Insurer upon failure of the Trustee to perform its obligations hereunder) may at any time remove the Trustee or the Trust Administrator and appoint a successor trustee acceptable to the NIMS Insurer, by written instrument or instruments, in triplicate, signed by such Holders or their attorneys-in-fact duly authorized, one complete set of which instruments shall be delivered to the Depositor, one complete set to the Trustee or Trust Administrator so removed and one complete set to the successor so appointed. A copy of such instrument shall be delivered to the Certificateholders and the Master Servicer by the Depositor.

The Trust Administrator (i) may not be an Originator, the Servicer, the Depositor or an affiliate of the Depositor unless the Trust Administrator is an institutional trust department, (ii) must be authorized to exercise corporate trust powers under the laws of its jurisdiction of organization, and (iii) must be rated at least “A/F1” by Fitch, if Fitch is a Rating Agency, or the equivalent rating by S&P or Xxxxx’x, or such other rating as is acceptable to Fitch as evidenced by a Rating Agency confirmation. If no successor Trust Administrator shall have been appointed and shall have accepted appointment within 60 days after the Trust Administrator ceases to be the Trust Administrator pursuant to this Section 8.07, then the Trustee shall perform the duties of the Trust Administrator pursuant to this Agreement. The Trustee shall notify the Rating Agencies of any change of Trust Administrator.

Any resignation or removal of the Trustee or Trust Administrator and appointment of a successor Trustee or Trust Administrator pursuant to any of the provisions of this Section shall not become effective until acceptance of appointment by the successor trustee as provided in Section 8.08.

 


 

Notwithstanding anything to the contrary contained herein, the Master Servicer and the Trust Administrator shall at all times be the same Person.

 

SECTION 8.08.

Successor Trustee or Trust Administrator.

Any successor Trustee or Trust Administrator appointed as provided in Section 8.07 shall execute, acknowledge and deliver to the Depositor, the NIMS Insurer, the Master Servicer and to its predecessor Trustee or Trust Administrator an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor Trustee or Trust Administrator shall become effective, and such successor Trustee or Trust Administrator, 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 or Trust Administrator. The Depositor and the predecessor Trustee or Trust Administrator shall execute and deliver such instruments and do such other things as may reasonably be required for fully and certainly vesting and confirming in the successor Trustee Trust Administrator all such rights, powers, duties and obligations.

No successor Trustee or Trust Administrator shall accept appointment as provided in this Section 8.08 unless at the time of such acceptance such successor Trustee or Trust Administrator shall be eligible under the provisions of Section 8.06 and the appointment of such successor Trustee or Trust Administrator shall not result in a downgrading of the Regular Certificates by any Rating Agency, as evidenced by a letter from each Rating Agency.

Upon acceptance of appointment by a successor Trustee or Trust Administrator as provided in this Section 8.08, the successor Trustee or Trust Administrator shall mail notice of the appointment of a successor Trustee or Trust Administrator hereunder to all Holders of Certificates at their addresses as shown in the Certificate Register and to each Rating Agency.

 

SECTION 8.09.

Merger or Consolidation of Trustee or Trust Administrator.

Any entity into which the Trustee or the Trust Administrator may be merged or converted or with which it may be consolidated, or any entity resulting from any merger, conversion or consolidation to which the Trustee or the Trust Administrator shall be a party, or any entity succeeding to the business of the Trustee or Trust Administrator, shall be the successor of the Trustee or the Trust Administrator hereunder, as applicable, provided such entity shall be eligible under the provisions of Section 8.06 and 8.08, 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 hereof, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of REMIC I or property securing the same may at the time be located, the Trustee shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Trustee and the NIMS Insurer to act as co-trustee or co-trustees, jointly with the Trustee, or separate trustee or separate trustees, of all or any part of REMIC I, and to vest in such Person or Persons, in such

 


capacity, such title to REMIC I, or any part thereof, and, subject to the other provisions of this Section 8.10, such powers, duties, obligations, rights and trusts as the Trustee may consider necessary or desirable. Any such co-trustee or separate trustee shall be subject to the written approval of the NIMS Insurer. If the NIMS Insurer shall not have joined in such appointment within 15 days after the receipt by it of a request to do so, the Trustee alone shall have the power to make such appointment. No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 8.06 hereunder and no notice to Holders of Certificates of the appointment of co-trustee(s) or separate trustee(s) shall be required under Section 8.08 hereof.

In the case of any appointment of a co-trustee or separate trustee pursuant to this Section 8.10 all rights, powers, duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee and such separate trustee or co-trustee jointly, except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed by the Trustee (whether as Trustee hereunder or as successor to a defaulting Master Servicer hereunder), the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to REMIC I or any portion thereof in any such jurisdiction) shall be exercised and performed by such separate trustee or co-trustee at the direction of the Trustee.

Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement and the conditions of this Article VIII. Each separate trustee and co-trustee, upon its acceptance of the trust conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee, or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed with the Trustee and a copy thereof given to the NIMS Insurer.

Any separate trustee or co-trustee may, at any time, constitute the Trustee, its agent or attorney-in-fact, with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successor trustee or co-trustee.

 

SECTION 8.11.

Appointment of Office or Agency; Appointment of Custodian.

The Trust Administrator will appoint an office or agency in the City of Minneapolis, Minnesota where the Certificates may be surrendered for registration of transfer or exchange, and presented for final distribution, and where notices and demands to or upon the Trust Administrator in respect of the Certificates and this Agreement may be served.

 


 

The Trustee may, with the consent of the Depositor, the Master Servicer and the NIMS Insurer, appoint a Custodian to hold all or a portion of the Mortgage Files as agent for the Trustee, by entering into the Custodial Agreement. The appointment of the Custodian may at any time be terminated and a substitute Custodian appointed therefor upon the reasonable request of the Master Servicer or the NIMS Insurer to the Trustee, the consent to which shall not be unreasonably withheld. The Trustee initially appoints Deutsche Bank National Trust Company as Custodian for the Deutsche Bank Files and the Trust Administrator as custodian for all but one of the remainder of the Files, which the Trustee shall hold as custodian, and the Depositor and the Master Servicer each consent to such appointment. Subject to Article VIII hereof, the Trustee agrees to comply with the terms of a Custodial Agreement and to enforce the terms and provisions thereof against the Custodian, if applicable, for the benefit of the Certificateholders having an interest in any Mortgage File held by the Custodian. The Custodian shall be a depository institution or trust company subject to supervision by federal or state authority, shall have combined capital and surplus of at least $10,000,000 and shall be qualified to do business in the jurisdiction in which it holds any Mortgage File. Subject to Section 8.02(a), in no event shall the appointment of the Custodian pursuant to the Custodial Agreement diminish the obligations of the Trustee hereunder.

 

SECTION 8.12.

Representations and Warranties.

Each of the Trustee and the Trust Administrator hereby represents and warrants to the Master Servicer and the Depositor, as of the Closing Date, that:

(1)          It is a national banking association duly organized, validly existing and in good standing under the laws of the United States of America.

(2)          The execution and delivery of this Agreement by it, and the performance and compliance with the terms of this Agreement by it, will not violate its articles of association or bylaws or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument to which it is a party or which is applicable to it or any of its assets.

(3)          It has the full power and authority to enter into and consummate all transactions contemplated by this Agreement, has duly authorized the execution, delivery and performance of this Agreement, and has duly executed and delivered this Agreement.

(4)          This Agreement, assuming due authorization, execution and delivery by the other parties hereto, constitutes a valid, legal and binding obligation of it, enforceable against it in accordance with the terms hereof, subject to (A) applicable bankruptcy, insolvency, receivership, reorganization, moratorium and other laws affecting the enforcement of creditors’ rights generally, and (B) general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law.

(5)          It is not in violation of, and its execution and delivery of this Agreement and its performance and compliance with the terms of this Agreement will not constitute a violation of, any law, any order or decree of any court or arbiter, or any order,

 


regulation or demand of any federal, state or local governmental or regulatory authority, which violation, in its good faith and reasonable judgment, is likely to affect materially and adversely either the ability of it to perform its obligations under this Agreement or its financial condition.

(6)          No litigation is pending or, to the best of its knowledge, threatened against it, which would prohibit it from entering into this Agreement or, in its good faith reasonable judgment, is likely to materially and adversely affect either the ability of it to perform its obligations under this Agreement or its financial condition.

 


 

ARTICLE IX

 

TERMINATION

 

SECTION 9.01.

Termination Upon Repurchase or Liquidation of All Mortgage Loans.

(a)          Subject to Section 9.02, the respective obligations and responsibilities under this Agreement of the Depositor, the Master Servicer, the Trust Administrator and the Trustee (other than the obligations of the Master Servicer to the Trustee pursuant to Section 6.04 and of the Master Servicer to provide for and the Trust Administrator to make payments in respect of the REMIC I Regular Interests and the Classes of Certificates as hereinafter set forth) shall terminate upon payment to the Certificateholders and the deposit of all amounts held by or on behalf of the Trust Administrator and required hereunder to be so paid or deposited on the Distribution Date coinciding with or following the earlier to occur of (i) the purchase by the Terminator (as defined below) of all Mortgage Loans and each REO Property remaining in REMIC I and (ii) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan or REO Property remaining in REMIC I; provided, however, that in no event shall the trust created hereby continue beyond the earlier of (i) the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X. Xxxxxxx, the late ambassador of the United States to the Court of St. Xxxxx, living on the date hereof and (ii) the Latest Possible Maturity Date as defined in the Preliminary Statement. Subject to Section 3.10 hereof, the purchase by the Terminator of all Mortgage Loans and each REO Property remaining in REMIC I shall be at a price (the “Termination Price”) equal to the greater of (i) the Stated Principal Balance of the Mortgage Loans and the appraised value of any REO Properties, such appraisal to be conducted by an Independent appraiser mutually agreed upon by the Terminator and the Trust Administrator in their reasonable discretion and (ii) the fair market value of all of the assets of REMIC I (as determined by the Terminator and the Trust Administrator, as of the close of business on the third Business Day next preceding the date upon which notice of any such termination is furnished to Certificateholders pursuant to clause (c) of this Section 9.01) in each case, plus accrued and unpaid interest thereon at the weighted average of the Mortgage Rates through the end of the Due Period preceding the final Distribution Date plus unreimbursed Servicing Advances, Advances, any unpaid Servicing Fees and Administration Fees allocable to such Mortgage Loans and REO Properties, any accrued and unpaid Net WAC Rate Carryover Amount and any Swap Termination Payment payable to the Swap Provider then remaining unpaid or which is due to the exercise of such option; provided, however, such option may only be exercised if (i) the Termination Price is sufficient to pay all interest accrued on, as well as amounts necessary to retire the principal balance of, each class of notes issued pursuant to the Indenture and any remaining amounts owed to the trustee under the Indenture and the NIMS Insurer on the date such notes are retired and (ii) the fair market value of the Mortgage Loans and REO Properties determined as described above is at least equal to the Stated Principal Balance of the Mortgage Loans (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) and the appraised value of the REO Properties.

 


 

(b)          The majority holder of the Class CE Certificates (so long as such holder is not the Seller or an affiliate of the Seller) or if such majority holder fails to exercise such right, the Master Servicer (or if the Master Servicer fails to exercise such right, the NIMS Insurer) shall have the right (the party exercising such right, the “Terminator”), to purchase all of the Mortgage Loans and each REO Property remaining in REMIC I pursuant to clause (i) of the preceding paragraph no later than the Determination Date in the month immediately preceding the Distribution Date on which the Certificates will be retired; provided, however, that the Terminator may elect to purchase all of the Mortgage Loans and each REO Property remaining in REMIC I pursuant to clause (i) above only if the aggregate Stated Principal Balance of the Mortgage Loans and each REO Property remaining in the Trust Fund at the time of such election is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date. In addition, to the extent that the majority holder of the Class CE Certificates, the Master Servicer or the NIMS Insurer, if any, has not exercised such option, the Servicer, individually or collectively, may purchase all of the Mortgage Loans and any REO Properties and retire the Certificates when the aggregate current principal balance of mortgage loans and any REO properties is equal to or less than 5% of the aggregate State Principal Balance of the Mortgage Loans as of the Cut-off Date. By acceptance of the Residual Certificates, the Holder of the Residual Certificates agrees for so long as any notes insured by the NIMS Insurer and secured by all or a portion of the Class CE, Class P or Class R Certificates are outstanding, in connection with any termination hereunder, to assign and transfer any amounts in excess of par, and to the extent received in respect of such termination, to pay any such amounts to the Holders of the Class CE Certificates.

(c)          Notice of the liquidation of the Certificates shall be given promptly by the Trust Administrator by letter to Certificateholders and the NIMS Insurer mailed (a) in the event such notice is given in connection with the purchase of the Mortgage Loans and each REO Property by the Terminator, not earlier than the 10th day and not later than the 20th day of the month next preceding the month of the final distribution on the Certificates or (b) otherwise during the month of such final distribution on or before the Determination Date in such month, in each case specifying (i) the Distribution Date upon which the Trust Fund will terminate and the final payment in respect of the REMIC I Regular Interests and the Certificates will be made upon presentation and surrender of the related Certificates at the office of the Trust Administrator therein designated, (ii) the amount of any such final payment, (iii) that no interest shall accrue in respect of the REMIC I Regular Interests or the Certificates from and after the Accrual Period relating to the final Distribution Date therefor and (iv) that the Record Date otherwise applicable to such Distribution Date is not applicable, payments being made only upon presentation and surrender of the Certificates at the office of the Trust Administrator. In the event such notice is given in connection with the purchase of all of the Mortgage Loans and each REO Property remaining in REMIC I by the Terminator, the Terminator shall deliver to the Trust Administrator for deposit in the Distribution Account not later than the last Business Day of the month next preceding the month of the final distribution on the Certificates an amount in immediately available funds equal to the Termination Price. Upon certification to the Trustee and the Trust Administrator by the Terminator of the making of such final deposit, the Trust Administrator shall promptly release to the Terminator the Mortgage Files for the remaining Mortgage Loans, and the Trustee shall execute all assignments, endorsements and other instruments necessary to effectuate such transfer.

 


 

(d)          Upon presentation of the Certificates by the Certificateholders on the final Distribution Date, the Trust Administrator shall distribute to each Certificateholder so presenting and surrendering its Certificates the amount otherwise distributable on such Distribution Date in accordance with Section 4.01 in respect of the Certificates so presented and surrendered. Any funds not distributed to any Holder or Holders of Certificates being retired on such Distribution Date because of the failure of such Holder or Holders to tender their Certificates shall, on such date, be set aside and held in trust and credited to the account of the appropriate non-tendering Holder or Holders. If any Certificates as to which notice has been given pursuant to this Section 9.01 shall not have been surrendered for cancellation within six months after the time specified in such notice, the Trust Administrator shall mail a second notice to the remaining non-tendering Certificateholders to surrender their Certificates for cancellation in order to receive the final distribution with respect thereto.  If within one year after the second notice all such Certificates shall not have been surrendered for cancellation, the Trust Administrator shall, directly or through an agent, mail a final notice to the remaining non-tendering Certificateholders concerning surrender of their Certificates. The costs and expenses of maintaining the funds in trust and of contacting such Certificateholders shall be paid out of the assets remaining in the Trust Fund. If within one year after the final notice any such Certificates shall not have been surrendered for cancellation, the Trust Administrator shall pay to UBS Securities LLC all such amounts, and all rights of non-tendering Certificateholders in or to such amounts shall thereupon cease. No interest shall accrue or be payable to any Certificateholder on any amount held in trust by the Trust Administrator as a result of such Certificateholder’s failure to surrender its Certificate(s) for final payment thereof in accordance with this Section 9.01. Any such amounts held in trust by the Trust Administrator shall be held in an Eligible Account and the Trust Administrator may direct any depository institution maintaining such account to invest the funds in one or more Permitted Investments. All income and gain realized from the investment of funds deposited in such accounts held in trust by the Trust Administrator shall be for the benefit of the Trust Administrator; provided, however, that the Trust Administrator shall deposit in such account the amount of any loss of principal incurred in respect of any such Permitted Investment made with funds in such accounts immediately upon the realization of such loss.

Immediately following the deposit of funds in trust hereunder in respect of the Certificates, the Trust Fund shall terminate.

 

SECTION 9.02.

Additional Termination Requirements.

(a)          In the event that the Terminator purchases all the Mortgage Loans and each REO Property or the final payment on or other liquidation of the last Mortgage Loan or REO Property remaining in REMIC I pursuant to Section 9.01, the Trust Fund shall be terminated in accordance with the following additional requirements, unless the Trust Administrator and the Master Servicer have received an Opinion of Counsel, which Opinion of Counsel shall be at the expense of the Terminator (or in connection with a termination resulting from the final payment on or other liquidation of the last Mortgage Loan or REO Property remaining in REMIC I, which Opinion of Counsel shall be at the expense of the person seeking nonadherence to the following additional requirements but which in no event shall be at the expense of the Trust Fund or, unless it is the person seeking nonadherence to the following additional requirements, the Master Servicer or the Trust Administrator), to the effect that the

 


failure of REMIC I to comply with such additional requirements of this Section 9.02 will not (A) result in the imposition on the Trust Fund of taxes on “prohibited transactions,” as described in Section 860F of the Code, or (B) cause REMIC I to fail to qualify as a REMIC at any time that any Certificate is outstanding:

(1)          The Trust Administrator shall specify the first day in the 90-day liquidation period in a statement attached to each Trust REMIC’s final Tax Return pursuant to Treasury regulation Section 1.860F-1 and shall satisfy all requirements of a qualified liquidation under Section 860F of the Code and any regulations thereunder, as evidenced by an Opinion of Counsel obtained at the expense of the Terminator;

(2)          During such 90-day liquidation period and, at or prior to the time of making of the final payment on the Certificates, the Trustee shall sell all of the assets of REMIC I to the Terminator for cash; and

(3)          At the time of the making of the final payment on the Certificates, the Trust Administrator shall distribute or credit, or cause to be distributed or credited, to the Holders of the Residual Certificates all cash on hand in the Trust Fund (other than cash retained to meet claims), and the Trust Fund shall terminate at that time.

(b)          At the expense of the Terminator, the Depositor shall prepare or cause to be prepared the documentation required in connection with the adoption of a plan of liquidation of each Trust REMIC pursuant to this Section 9.02.

(c)          By their acceptance of Certificates, the Holders thereof hereby agree to authorize the Trust Administrator to specify the 90-day liquidation period for each Trust REMIC, which authorization shall be binding upon all successor Certificateholders.

 


 

ARTICLE X

 

REMIC PROVISIONS

 

SECTION 10.01.

REMIC Administration.

(a)          The Trustee shall elect to treat each Trust REMIC as a REMIC under the Code and, if necessary, under applicable state law. Each such election will be made by the Trustee on Form 1066 or other appropriate federal tax or information return or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued.  For the purposes of the REMIC election in respect of REMIC I, the REMIC I Regular Interests shall be designated as the Regular Interests in REMIC I and the Class R-I Interest shall be designated as the Residual Interest in REMIC I. The REMIC II Regular Interests shall be designated as the Regular Interests in REMIC II and the Class R-II Interest shall be designated as the Residual Interest in REMIC II. The Class A Certificates, the Mezzanine Certificates, the Swap-IO Interest, the Class CE Interest and the Class P Interest shall be designated as the Regular Interests in REMIC III and the Class R-III Interest shall be designated as the Residual Interest in REMIC III. The CE Certificates shall be designated as the Regular Interests in REMIC IV and the Class R-IV Interest shall be designated as the Residual Interest in REMIC IV. The P Certificates shall be designated as the Regular Interests in REMIC V and the Class R-V Interest shall be designated as the Residual Interest in REMIC V. REMIC VI Regular Interest SWAP-IO shall be designated as the Regular Interest in REMIC VI and the Class R-VI Interest shall be designated as the Residual Interest in REMIC VI. The Trustee shall not permit the creation of any “interests” in any Trust REMIC (within the meaning of Section 860G of the Code) other than the REMIC I Regular Interests, the REMIC II Regular Interests, the Class CE Interest, the Class P Interest, the Swap-IO Interest and the interests represented by the Certificates.

(b)          The Closing Date is hereby designated as the “Startup Day” of each Trust REMIC within the meaning of Section 860G(a)(9) of the Code.

(c)          The Trust Administrator shall be reimbursed for any and all expenses relating to any tax audit of the Trust Fund (including, but not limited to, any professional fees or any administrative or judicial proceedings with respect to any Trust REMIC that involve the Internal Revenue Service or state tax authorities), including the expense of obtaining any tax related Opinion of Counsel except as specified herein. The Trust Administrator, as agent for each Trust REMIC’s tax matters person shall (i) act on behalf of the Trust Fund in relation to any tax matter or controversy involving any Trust REMIC and (ii) represent the Trust Fund in any administrative or judicial proceeding relating to an examination or audit by any governmental taxing authority with respect thereto. The holder of the largest Percentage Interest of the Residual Certificates shall be designated, in the manner provided under Treasury Regulations Section 1.860F-4(d) and Treasury Regulations Section 301.6231(a)(7)-1, as the tax matters person of the related REMIC created hereunder. By their acceptance thereof, the holder of the largest Percentage Interest of the Residual Certificates hereby agrees to irrevocably appoint the Trust Administrator or an Affiliate as its agent to perform all of the duties of the tax matters person for the Trust Fund.

 


 

(d)          The Trust Administrator shall prepare, sign and file all of the Tax Returns (including Form 8811, which must be filed within 30 days following the Closing Date) in respect of each Trust REMIC. The expenses of preparing and filing such returns shall be borne by the Trust Administrator without any right of reimbursement therefor.

(e)          The Trust Administrator shall perform on behalf of each Trust REMIC all reporting and other tax compliance duties that are the responsibility of such REMIC under the Code, the REMIC Provisions or other compliance guidance issued by the Internal Revenue Service or any state or local taxing authority. Among its other duties, as required by the Code, the REMIC Provisions or other such compliance guidance, the Trust Administrator shall provide (i) to any Transferor of a Residual Certificate such information as is necessary for the application of any tax relating to the transfer of a Residual Certificate to any Person who is not a Permitted Transferee, (ii) to the Certificateholders such information or reports as are required by the Code or the REMIC Provisions including reports relating to interest, original issue discount and market discount or premium (using the Prepayment Assumption as required) and (iii) to the Internal Revenue Service the name, title, address and telephone number of the person who will serve as the representative of each Trust REMIC. The Depositor shall provide or cause to be provided to the Trust Administrator, within ten (10) days after the Closing Date, all information or data that the Trust Administrator reasonably determines to be relevant for tax purposes as to the valuations and issue prices of the Certificates, including, without limitation, the price, yield, prepayment assumption and projected cash flow of the Certificates.

(f)           The Trust Administrator shall take such action and shall cause each Trust REMIC to take such action as shall be necessary to create or maintain the status thereof as a REMIC under the REMIC Provisions. Neither the Trust Administrator nor the Trustee shall take any action or cause the Trust Fund to take any action or fail to take (or fail to cause to be taken) any action that, under the REMIC Provisions, if taken or not taken, as the case may be, could (i) endanger the status of any Trust REMIC as a REMIC or (ii) result in the imposition of a tax upon the Trust Fund (including but not limited to the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section 860G(d) of the Code) (either such event, an “Adverse REMIC Event”) unless the Trustee, the Trust Administrator and the NIMS Insurer have received an Opinion of Counsel, addressed to the Trustee and the Trust Administrator (at the expense of the party seeking to take such action but in no event at the expense of the Trustee or the Trust Administrator) to the effect that the contemplated action will not, with respect to any Trust REMIC, endanger such status or result in the imposition of such a tax. In addition, prior to taking any action with respect to any Trust REMIC or the respective assets of each, or causing any Trust REMIC to take any action, which is not contemplated under the terms of this Agreement, any holder of a Residual Certificate will consult with the Trustee, the Trust Administrator, the Master Servicer, the NIMS Insurer or their respective designees, in writing, with respect to whether such action could cause an Adverse REMIC Event to occur with respect to any Trust REMIC and such Person shall not take any such action or cause any Trust REMIC to take any such action as to which the Trustee, the Trust Administrator, the Master Servicer or the NIMS Insurer has advised it in writing that an Adverse REMIC Event could occur. The Trustee, the Trust Administrator, the Master Servicer or the NIMS Insurer may consult with counsel to make such written advice, and the cost of same shall be borne by the party seeking to take the action not permitted by this Agreement, but in no

 


event shall such cost be an expense of the Trustee, the Trust Administrator or the Master Servicer. At all times as may be required by the Code, the Trust Administrator will ensure that substantially all of the assets of REMIC I will consist of “qualified mortgages” as defined in Section 860G(a)(3) of the Code and “permitted investments” as defined in Section 860G(a)(5) of the Code, to the extent such obligations are within the Trust Administrator’s control and not otherwise inconsistent with the terms of this Agreement.

(g)          In the event that any tax is imposed on “prohibited transactions” of any REMIC created hereunder as defined in Section 860F(a)(2) of the Code, on the “net income from foreclosure property” of such REMIC as defined in Section 860G(c) of the Code, on any contributions to any such REMIC after the Startup Day therefor pursuant to Section 860G(d) of the Code, or any other tax is imposed by the Code or any applicable provisions of state or local tax laws, such tax shall be charged (i) to the Trust Administrator pursuant to Section 10.03 hereof, if such tax arises out of or results from a breach by the Trust Administrator of any of its obligations under this Article X, (ii) to the Trustee pursuant to Section 10.03 hereof, if such tax arises out of or results from a breach by the Trustee of any of its obligations under this Article X, (iii) to the Master Servicer pursuant to Section 10.03 hereof, if such tax arises out of or results from a breach by the Master Servicer of any of its obligations under Article III or this Article X, or (iv) against amounts on deposit in the Distribution Account and shall be paid by withdrawal therefrom.

(h)          On or before April 15th of each calendar year, commencing April 15, 2006, the Trust Administrator shall deliver to each Rating Agency and the NIMS Insurer an Officer’s Certificate of the Trust Administrator stating the Trust Administrator’s compliance with this Article X (without regard to any action taken by any party other than the Trust Administrator).

(i)           The Trust Administrator shall, for federal income tax purposes, maintain books and records with respect to each Trust REMIC on a calendar year and on an accrual basis.

(j)           Following the Startup Day, none of the Master Servicer, the Trust Administrator or the Trustee shall accept any contributions of assets to any Trust REMIC other than in connection with any Qualified Substitute Mortgage Loan delivered in accordance with Section 2.03 unless it shall have received an Opinion of Counsel to the effect that the inclusion of such assets in the Trust Fund will not cause the related REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding or subject such REMIC to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances.

(k)          None of the Trustee, the Trust Administrator or the Master Servicer shall enter into any arrangement by which any Trust REMIC will receive a fee or other compensation for services nor permit either REMIC to receive any income from assets other than “qualified mortgages” as defined in Section 860G(a)(3) of the Code or “permitted investments” as defined in Section 860G(a)(5) of the Code.

 


 

 

SECTION 10.02.

Prohibited Transactions and Activities.

None of the Depositor, the Master Servicer, the Trust Administrator or the Trustee shall sell, dispose of or substitute for any of the Mortgage Loans (except in connection with (i) the foreclosure of a Mortgage Loan, including but not limited to, the acquisition or sale of a Mortgaged Property acquired by deed in lieu of foreclosure, (ii) the bankruptcy of REMIC I, (iii) the termination of REMIC I pursuant to Article IX of this Agreement, (iv) a substitution pursuant to Article II of this Agreement or (v) a purchase of Mortgage Loans pursuant to Article II or III of this Agreement), nor acquire any assets for any Trust REMIC (other than REO Property acquired in respect of a defaulted Mortgage Loan), nor sell or dispose of any investments in the Distribution Account for gain, nor accept any contributions to any Trust REMIC after the Closing Date (other than a Qualified Substitute Mortgage Loan delivered in accordance with Section 2.03), unless it has received an Opinion of Counsel, addressed to the Trustee, the Trust Administrator and the NIMS Insurer (at the expense of the party seeking to cause such sale, disposition, substitution, acquisition or contribution but in no event at the expense of the Trustee or the Trust Administrator) that such sale, disposition, substitution, acquisition or contribution will not (a) affect adversely the status of any Trust REMIC as a REMIC or (b) cause any Trust REMIC to be subject to a tax on “prohibited transactions” or “contributions” pursuant to the REMIC Provisions.

 

SECTION 10.03.

Master Servicer and Trustee Indemnification.

(a)          In the event that any Trust REMIC fails to qualify as a REMIC, loses its status as a REMIC, or incurs federal, state or local taxes as a result of a prohibited transaction or prohibited contribution under the REMIC Provisions due to (i) the negligent performance by the Trustee or the Trust Administrator of its duties and obligations set forth herein or (ii) any state, local or franchise taxes imposed upon the Trust Fund as a result of the location of the Trustee or the Trust Administrator or any co-trustee, the Trustee or the Trust Administrator, as applicable, shall indemnify the NIMS Insurer and the Trust Fund against any and all Losses resulting from such negligence, including, without limitation, any reasonable attorneys’ fees imposed on or incurred as a result of a breach of the Trustee’s or the Trust Administrator’s, as applicable, or any co-trustee’s covenants; provided, however, that the Trustee or the Trust Administrator, as applicable, shall not be liable for any such Losses attributable to the action or inaction of the Master Servicer, the Depositor or the Holder of such Residual Certificate, as applicable, nor for any such Losses resulting from misinformation provided by the Holder of such Residual Certificate on which the Trustee or the Trust Administrator, as applicable, has relied. The foregoing shall not be deemed to limit or restrict the rights and remedies of the Holder of such Residual Certificate now or hereafter existing at law or in equity. Notwithstanding the foregoing, however, in no event shall the Trustee or the Trust Administrator, as applicable, have any liability (1) for any action or omission that is taken in accordance with and in compliance with the express terms of, or which is expressly permitted by the terms of, this Agreement, (2) for any Losses other than arising out of a negligent performance by the Trustee or the Trust Administrator, as applicable, of its duties and obligations set forth herein, and (3) for any special or consequential damages to Certificateholders (in addition to payment of principal and interest on the Certificates).

 


 

(b)          In the event that any Trust REMIC fails to qualify as a REMIC, loses its status as a REMIC, or incurs federal, state or local taxes as a result of a prohibited transaction or prohibited contribution under the REMIC Provisions due to the negligent performance by the Master Servicer of its duties and obligations set forth herein, the Master Servicer shall indemnify the NIMS Insurer, the Trustee, the Trust Administrator and the Trust Fund against any and all losses, claims, damages, liabilities or expenses (“Losses”) resulting from such negligence, including, without limitation, any reasonable attorneys’ fees imposed on or incurred as a result of a breach of the Master Servicer’s covenants; provided, however, that the Master Servicer shall not be liable for any such Losses attributable to the action or inaction of the Trustee, the Trust Administrator, the Depositor or the Holder of such Residual Certificate, as applicable, nor for any such Losses resulting from misinformation provided by the Holder of such Residual Certificate on which the Master Servicer has relied. The foregoing shall not be deemed to limit or restrict the rights and remedies of the Holder of such Residual Certificate now or hereafter existing at law or in equity. Notwithstanding the foregoing, however, in no event shall the Master Servicer have any liability (1) for any action or omission that is taken in accordance with and in compliance with the express terms of, or which is expressly permitted by the terms of, this Agreement, (2) for any Losses other than arising out of a negligent performance by the Master Servicer of its duties and obligations set forth herein, and (3) for any special or consequential damages to Certificateholders (in addition to payment of principal and interest on the Certificates).

 


 

ARTICLE XI

 

MISCELLANEOUS PROVISIONS

 

SECTION 11.01.

Amendment.

This Agreement may be amended from time to time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the NIMS Insurer and without the consent of any of the Certificateholders, (i) to cure any ambiguity or defect, (ii) to correct, modify or supplement any provisions herein (including to give effect to the expectations of Certificateholders), or (iii) to make any other provisions with respect to matters or questions arising under this Agreement which shall not be inconsistent with the provisions of this Agreement, provided that such action shall not adversely affect in any material respect the interests of any Certificateholder as evidenced by either (i) an Opinion of Counsel delivered to the Master Servicer, the Trustee, the Trust Administrator and the NIMS Insurer or (ii) confirmation from the Rating Agencies, delivered to the Master Servicer, the Trustee, the Trust Administrator and the NIMS Insurer, that such amendment will not result in the reduction or withdrawal of the rating of any outstanding Class of Certificates. No amendment shall be deemed to adversely affect in any material respect the interests of any Certificateholder who shall have consented thereto, and no Opinion of Counsel shall be required to address the effect of any such amendment on any such consenting Certificateholder.

This Agreement may also be amended from time to time by the Depositor, the Master Servicer, the Trust Administrator, the NIMS Insurer and the Trustee with the consent of the NIMS Insurer and the Holders of Certificates entitled to at least 66% of the Voting Rights for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Swap Provider or Holders of Certificates; provided, however, that no such amendment shall (i) reduce in any manner the amount of, or delay the timing of, payments received on Mortgage Loans which are required to be distributed on any Certificate without the consent of the Holder of such Certificate, (ii) adversely affect in any material respect the interests of the Swap Provider or Holders of any Class of Certificates (as evidenced by either (i) an Opinion of Counsel delivered to the Trustee and the NIMS Insurer or (ii) confirmation from the Rating Agencies, delivered to the Master Servicer, the Trustee and the NIMS Insurer, that such action will not result in the reduction or withdrawal of the rating of any outstanding Class of Certificates) in a manner, other than as described in (i), or (iii) modify the consents required by the immediately preceding clauses (i) and (ii) without the consent of the Holders of all Certificates then outstanding. Notwithstanding any other provision of this Agreement, for purposes of the giving or withholding of consents pursuant to this Section 11.01, Certificates registered in the name of the Depositor or the Master Servicer or any Affiliate thereof shall be entitled to Voting Rights with respect to matters affecting such Certificates.

Notwithstanding any contrary provision of this Agreement, none of the Trustee, the Trust Administrator or the NIMS Insurer shall consent to any amendment to this Agreement unless it shall have first received an Opinion of Counsel satisfactory to the NIMS Insurer to the effect that such amendment will not result in the imposition of any tax on any Trust REMIC

 


pursuant to the REMIC Provisions or cause any Trust REMIC to fail to qualify as a REMIC at any time that any Certificates are outstanding.

Notwithstanding any of the other provisions of this Section 11.01, none of the Depositor, the Master Servicer, the Trust Administrator or the Trustee shall enter into any amendment to Section 4.08, Section 11.09 or Section 11.11 of this Agreement without the prior written consent of the Swap Provider.

Promptly after the execution of any such amendment the Trust Administrator shall notify each Certificateholder and make available to each Certificateholder and the NIMS Insurer a copy of such amendment.

It shall not be necessary for the consent of Certificateholders under this Section 11.01 to approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable regulations as the Trust Administrator may prescribe.

The cost of any Opinion of Counsel to be delivered pursuant to this Section 11.01 shall be borne by the Person seeking the related amendment, but in no event shall such Opinion of Counsel be an expense of the Trustee or the Trust Administrator.

The Trustee and the Trust Administrator may, but neither shall not be obligated to enter into any amendment pursuant to this Section that affects its rights, duties and immunities under this Agreement or otherwise.

 

SECTION 11.02.

Recordation of Agreement; Counterparts.

To the extent permitted by applicable law, this Agreement is subject to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions in which any or all of the properties subject to the Mortgages are situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected by the Master Servicer at the expense of the Certificateholders, but only upon direction of the Trustee or the Trust Administrator accompanied by an Opinion of Counsel to the effect that such recordation materially and beneficially affects the interests of the Certificateholders.

For the purpose of facilitating the recordation of this Agreement as herein provided and for other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same instrument.

 

SECTION 11.03.

Limitation on Rights of Certificateholders.

The death or incapacity of any Certificateholder shall not operate to terminate this Agreement or the Trust, nor entitle such Certificateholder’s legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the

 


Trust Fund, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

No Certificateholder shall have any right to vote (except as expressly provided for herein) or in any manner otherwise control the operation and management of the Trust, or the obligations of the parties hereto, nor shall anything herein set forth, or contained in the terms of any of the Certificates, be construed so as to constitute the Certificateholders from time to time as partners or members of an association; nor shall any Certificateholder be under any liability to any third person by reason of any action taken by the parties to this Agreement pursuant to any provision hereof.

No Certificateholder shall have any right by virtue of any provision of this Agreement to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Agreement, unless such Holder previously shall have given to the Trustee a written notice of default and of the continuance thereof, as hereinbefore provided, and unless also the Holders of Certificates entitled to at least 25% of the Voting Rights shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and the Trustee, for 15 days after its receipt of such notice, request and offer of indemnity, shall have neglected or refused to institute any such action, suit or proceeding. It is understood and intended, and expressly covenanted by each Certificateholder with every other Certificateholder and the Trustee, that no one or more Holders of Certificates shall have any right in any manner whatsoever by virtue of any provision of this Agreement to affect, disturb or prejudice the rights of the Holders of any other of such Certificates, or to obtain or seek to obtain priority over or preference to any other such Holder, or to enforce any right under this Agreement, except in the manner herein provided and for the equal, ratable and common benefit of all Certificateholders. For the protection and enforcement of the provisions of this Section, each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity.

 

SECTION 11.04.

Governing Law.

This Agreement shall be construed in accordance with the laws of the State of New York and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.

 

SECTION 11.05.

Notices.

All directions, demands and notices hereunder shall be in writing and shall be deemed to have been duly given when received if personally delivered at or mailed by first class mail, postage prepaid, or by express delivery service or delivered in any other manner specified herein, to (a) in the case of the Depositor, 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Legal (telecopy number (000) 000-0000), or such other address or telecopy number as may hereafter be furnished to the Master Servicer, the Trust Administrator, the NIMS Insurer and the Trustee in writing by the Depositor, (b) in the case of the Master Servicer or the Trust Administrator, Xxxxx Fargo Bank, N.A., X.X. Xxx 00, Xxxxxxxx, Xxxxxxxx 00000,

 


Attention: MASTR 2005-HE2 (telecopy number (000) 000-0000), with a copy to Xxxxx Fargo Bank, N.A., 0000 Xxx Xxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx 00000, Attention: MASTR 2005-HE2 (telecopy number (000) 000-0000), with a copy to Xxxxx Fargo Bank, N.A., Sixth and Marquette, Xxxxxxxxxxx, Xxxxxxxxx 00000, Attention: MASTR 2005-HE2, or such other address or telecopy number as may hereafter be furnished to the Trustee, the NIMS Insurer and the Depositor in writing by the Master Servicer, (c) in the case of the Trustee, 00 Xxxxxxxxxx Xxxxxx, XX-XX-XX0X, Xx. Xxxx, Xxxxxxxxx 00000, Attention: Structured Finance/MASTR 2005-HE2 (telecopy number (000) 000-0000), or such other address or telecopy number as may hereafter be furnished to the Depositor, the NIMS Insurer, the Trust Administrator and the Master Servicer in writing by the Trustee, or such other address or telecopy number as may hereafter be furnished to the Master Servicer, the NIMS Insurer and the Depositor in writing by the Trustee and (d) in the case of the NIMS Insurer, if any, the address set forth in the Indenture, or such other address or telecopy number as may hereafter be furnished to the Master Servicer, the Trust Administrator, the Depositor and the Trustee in writing by the NIMS Insurer. Any notice required or permitted to be given to a Certificateholder shall be given by first class mail, postage prepaid, at the address of such Holder as shown in the Certificate Register. Any notice so mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly given when mailed, whether or not the Certificateholder receives such notice. A copy of any notice required to be telecopied hereunder also shall be mailed to the appropriate party in the manner set forth above.

 

SECTION 11.06.

Severability of Provisions.

If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof.

 

SECTION 11.07.

Notice to Rating Agencies and the NIMS Insurer.

The Trust Administrator shall use its best efforts promptly to provide notice to the Rating Agencies and the NIMS Insurer with respect to each of the following of which it has actual knowledge:

 

1.

Any material change or amendment to this Agreement;

2.            The occurrence of any Master Servicer Event of Termination that has not been cured or waived;

3.            The resignation or termination of the Master Servicer, the Trust Administrator or the Trustee;

4.            The repurchase or substitution of Mortgage Loans pursuant to or as contemplated by Section 2.03;

 

5.

The final payment to the Holders of any Class of Certificates;

 

 


 

 

6.

Any change in the location of the Distribution Account;

7.            Any event that would result in the inability of the Trustee to make advances regarding delinquent Mortgage Loans to the same extent the Master Servicer is required to make such advances as provided in Section 4.03; and

8.            The filing of any claim under any Master Servicer’s blanket bond and errors and omissions insurance policy required by Section 3.04 or the cancellation or material modification of coverage under any such instrument.

In addition, the Trust Administrator shall promptly make available to each Rating Agency and the NIMS Insurer copies of each report to Certificateholders described in Section 4.02 and the Master Servicer shall promptly furnish to each Rating Agency copies of the following:

 

1.

Each annual statement as to compliance described in Section 3.16; and

2.            Each annual independent public accountants’ servicing report described in Section 3.17.

Any such notice pursuant to this Section 11.07 shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by first class mail, postage prepaid, or by express delivery service to Xxxxx’x Investors Service Inc., 00 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Standard & Poor’s Ratings Services, a division of the XxXxxx-Xxxx Companies, Inc., 00 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 and Fitch Ratings, Xxx Xxxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 or such other addresses as the Rating Agencies may designate in writing to the parties hereto.

 

SECTION 11.08.

Article and Section References.

All article and section references used in this Agreement, unless otherwise provided, are to articles and sections in this Agreement.

 

SECTION 11.09.

Grant of Security Interest.

It is the express intent of the parties hereto that the conveyance of the Mortgage Loans by the Depositor to the Trustee, be, and be construed as, a sale of the Mortgage Loans by the Depositor and not a pledge of the Mortgage Loans to secure a debt or other obligation of the Depositor. However, in the event that, notwithstanding the aforementioned intent of the parties, the Mortgage Loans are held to be property of the Depositor, then, (a) it is the express intent of the parties that such conveyance be deemed a pledge of the Mortgage Loans by the Depositor to the Trustee to secure a debt or other obligation of the Depositor and (b)(1) this Agreement shall also be deemed to be a security agreement within the meaning of Articles 8 and 9 of the Uniform Commercial Code as in effect from time to time in the State of New York; (2) the conveyance provided for in Section 2.01 hereof shall be deemed to be a grant by the Depositor to the Trustee of a security interest in all of the Depositor’s right, title and interest in and to the Mortgage Loans and all amounts payable to the holders of the Mortgage Loans and the Swap Provider in

 


accordance with the terms thereof and all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including without limitation all amounts, other than investment earnings, from time to time held or invested in the Distribution Account, whether in the form of cash, instruments, securities or other property; (3) the obligations secured by such security agreement shall be deemed to be all of the Depositor’s obligations under this Agreement, including the obligation to provide to the Certificateholders and the Swap Provider the benefits of this Agreement relating to the Mortgage Loans and the Trust Fund; and (4) notifications to persons holding such property, and acknowledgments, receipts or confirmations from persons holding such property, shall be deemed notifications to, or acknowledgments, receipts or confirmations from, financial intermediaries, bailees or agents (as applicable) of the Trustee for the purpose of perfecting such security interest under applicable law. Accordingly, the Depositor hereby grants to the Trustee a security interest in the Mortgage Loans and all other property described in clause (2) of the preceding sentence, for the purpose of securing to the Trustee the performance by the Depositor of the obligations described in clause (3) of the preceding sentence. Notwithstanding the foregoing, the parties hereto intend the conveyance pursuant to Section 2.01 to be a true, absolute and unconditional sale of the Mortgage Loans and assets constituting the Trust Fund by the Depositor to the Trustee.

 

SECTION 11.10.

Duties of Trust Fund as Owner of Mortgage Loans under Servicing Agreement.

To the extent the Trust Fund has any duties or obligations under the Servicing Agreement or is otherwise asked to perform under the Servicing Agreement, the Master Servicer shall perform any such duties or obligations relating to the Mortgage Loans being serviced thereunder, and the Trustee shall perform any such duties and obligations relating to (i) enforcement of any duties and obligations of the assignor under the Assignment Agreement, (ii) financial obligations of the Trust Fund, which obligations shall be paid solely by the Trust Administrator on behalf of the Trustee and the Trust Fund out of the assets of the Trust Fund (except for expenses and disbursements incurred or made by the Trustee in connection therewith, including the compensation and the expenses and disbursements of its agents and counsel, in the ordinary course of the Trustee’s performance in accordance with the provisions of this Agreement) and (iii) any other such duties or obligations which must be performed by the legal owner of the Trust Fund, such as, by way of illustration, execution of any release of any mortgages upon the sale or other disposition of the related mortgage loan. With respect to any additional duties or obligations of the Trust Fund under the Servicing Agreement, the Master Servicer, Trust Administrator and Trustee will together, in good faith, determine which party is best suited to perform such obligation or duty. For the avoidance of doubt, this Agreement has generally established which obligations under the Servicing Agreement the Trustee, the Master Servicer and the Trust Administrator will perform on behalf of the Trust Fund, and it is the intention of the parties hereto that the Servicing Agreement shall be interpreted in a like manner.

 

SECTION 11.11.

Third Party Rights.

Each of the NIMS Insurer, the Servicer and the Swap Provider shall be deemed a third-party beneficiary of this Agreement to the same extent as if it were a party hereto, and shall have the right to enforce the provisions of this Agreement.

 


 

IN WITNESS WHEREOF, the Depositor, the Master Servicer, the Trust Administrator and the Trustee have caused their names to be signed hereto by their respective officers thereunto duly authorized, in each case as of the day and year first above written.

 

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.,

as Depositor

By:__/s/ Vadim Khoper______________________

Name: Xxxxx Xxxxxx

Title: Associate Director

By:__ /s/ Xxxxxxx Beshara____________________

Name: Xxxxxxx Xxxxxxx

Title:    Associate Director

XXXXX FARGO BANK, N.A.,

as Master Servicer and Trust Administrator

By:___ /s/ Xxxxx X. Gobell____________________

Name: Xxxxx X. Xxxxxx

Title:    Vice President

U.S. BANK NATIONAL ASSOCIATION,

as Trustee

By:____ /s/ Xxxxxxx X. Rantz_________________

Name: Xxxxxxx X. Xxxxx

Title: Vice President

 


 

 

For purposes of Sections 6.08, 6.09 and 6.10:

 

THE MURRAYHILL COMPANY

 

 

By:___ /s/ Xxxxx X. Kanouff__ ____________________

Name:  Xxxxx X. Xxxxxxx

Title:  President and General Counsel

 

 


 

STATE OF NEW YORK

)

 

 

)

ss.:

COUNTY OF NEW YORK

)

 

 

On the ___ day of September 2005, before me, a notary public in and for said State, personally appeared __________________________ and __________________________, known to me to be a(n) __________________________ and __________________________, respectively, of Mortgage Asset Securitization Transactions, Inc., one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

________________________

Notary Public

[Notarial Seal]

 


 

STATE OF MARYLAND

)

 

 

)

ss.:

COUNTY OF XXXXXX

)

 

 

On the ____ day of September 2005, before me, a notary public in and for said State, personally appeared __________________________________ known to me to be a(n) ________________________ of Xxxxx Fargo Bank, N.A., one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

________________________

Notary Public

[Notarial Seal]

 


 

STATE OF MINNESOTA

)

 

 

)

ss.:

COUNTY OF XXXXXX

)

 

 

On the ____ day of September 2005, before me, a notary public in and for said State, personally appeared __________________________________, known to me to be a(n) ________________________ of U.S. Bank National Association, one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written.

________________________

Notary Public

[Notarial Seal]

 

 


 

 

EXHIBIT A-1

FORM OF CLASS A-1 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

 

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the
Class A-1 Certificates as of the Issue Date:

$223,961,000

Denomination: $223,961,000

Master Servicer and Trust Administrator: Xxxxx
Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KG 0

 

 

 


 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUST ADMINISTRATOR, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class A-1 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class A-1 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class A-1 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust

 


Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class A-1 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class A-1 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trustee, the Trust Administrator and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trustee and the Trust Administrator with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in

 


authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trustee, the Trust Administrator may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund. I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

 

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 

 


 

EXHIBIT A-2

FORM OF CLASS A-2 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

 

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class A-2 Certificates as of the Issue Date:

$121,200,000.00

Denomination: $121,200,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KH 8

 

 


 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class A-2 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class A-2 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class A-2 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior

 


to such Distribution Date and is the registered owner of Class A-2 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class A-2 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trustee, the Trust Administrator and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trustee and the Trust Administrator with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in

 


authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-3

FORM OF CLASS A-3 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

 

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class A-3 Certificates as of the Issue Date:

$74,375,000.00

Denomination: $74,375,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KJ 4

 

 


 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class A-3 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class A-3 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class A-3 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available

 


funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class A-3 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class A Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trustee, the Trust Administrator and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the

 


Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 

 


 

EXHIBIT A-4

FORM OF CLASS A-4 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

 

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class A-4 Certificates as of the Issue Date:

$8,822,000.00

Denomination: $8,822,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KK 1

 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET

 


FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class A-4 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class A-4 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class A-4 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior

 


to such Distribution Date and is the registered owner of Class A-4 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class A-4 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trustee, the Trust Administrator and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in

 


authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed                Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 

 


 

EXHIBIT A-5

 

FORM OF CLASS M-1 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class M-1 Certificates as of the Issue Date: $19,986,000.00

Denomination: $19,986,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KL 9

 

 


 

 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

 

 

 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-1 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-1 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-1 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-1 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-1 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the

 


pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trustee, the Trust Administrator and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

 


 

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-6

FORM OF CLASS M-2 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES AND THE CLASS M-1 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class M-2 Certificates as of the Issue Date: $18,095,000.00

Denomination: $18,095,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KM 7

 

 


 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-2 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-2 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-2 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-2 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-2 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final

 


distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trust Administrator and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

 


 

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _____________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-7

FORM OF CLASS M-3 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES AND THE CLASS M-2 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 


 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class M-3 Certificates as of the Issue Date: $10,803,000.00

Denomination: $10,803,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KN 5

 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-3 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-3 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-3 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-3 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-3 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final

 


distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trust Administrator, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

 


 

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-8

FORM OF CLASS M-4 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES AND THE CLASS M-3 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 


 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class M-4 Certificates as of the Issue Date: $9,453,000.00

Denomination: $9,453,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KP 0

 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-4 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-4 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-4 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-4 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-4 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final

 


distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trustee, the Trust Administrator and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

 


 

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

THIS IS ONE OF THE CERTIFICATES REFERRED TO IN THE WITHIN-MENTIONED AGREEMENT.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

 

 

 

EXHIBIT A-9

FORM OF CLASS M-5 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 AND THE CLASS M-4 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 

 

 

 

 

 

 

 


 

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class M-5 Certificates as of the Issue Date: $9,182,000.00

Denomination: $9,182,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KQ 8

 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-5 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-5 Certificates in REMIC II created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-5 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-5 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-5 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the

 


pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trustee, the Trust Administrator and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

 


 

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

 

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-10

FORM OF CLASS M-6 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES AND THE CLASS M-5 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 

 

 

 

 

 

 

 


 

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class M-6 Certificates as of the Issue Date: $8,372,000.00

Denomination: $8,372,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KR 6

 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-6 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-6 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-6 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-6 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-6 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final

 


distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trustee, the Trust Administrator and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

 


 

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _____________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-11

FORM OF CLASS M-7 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES AND THE CLASS M-6 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 

 

 

 

 

 

 


 

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class M-7 Certificates as of the Issue Date: $7,292,000.00

Denomination: $7,292,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KS 4

 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-7 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-7 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-7 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-7 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-7 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final

 


distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trustee, the Trust Administrator and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

 


 

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-12

FORM OF CLASS M-8 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES AND THE CLASS M-7 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 

 

 

 

 

 

 


 

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class M-8 Certificates as of the Issue Date: $6,752,000.00

Denomination: $6,752,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KT 2

 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-8 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-8 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-8 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-8 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-8 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final

 


distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trust Administrator, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

 


 

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

 

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

 

 

 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-13

FORM OF CLASS M-9 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES AND THE CLASS M-8 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 

 

 

 

 

 

 


 

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class M-9 Certificates as of the Issue Date: $5,941,000.00

Denomination: $5,941,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KU 9

 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-9 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-9 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-9 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-9 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-9 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final

 


distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trust Administrator, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

 


 

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-14

FORM OF CLASS M-10 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES, THE CLASS M-8 CERTIFICATES AND THE CLASS M-9 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THE HOLDER OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE MADE THE REPRESENTATION SET FORTH IN SECTION 5.02(c) OF THE AGREEMENT.

 

 

 

 

 

 

 


 

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class M-10 Certificates as of the Issue Date: $4,861,000.00

Denomination: $4,861,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KV 7

 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-10 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-10 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-10 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-10 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-10 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final

 


distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trust Administrator, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

The holder of this certificate shall be deemed to have made the representations set forth in Section 5.02(c) of the Agreement.

 


 

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to___________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-15

FORM OF CLASS M-11 CERTIFICATE

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST ADMINISTRATOR 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 ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IN REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES, THE CLASS M-1 CERTIFICATES, THE CLASS M-2 CERTIFICATES, THE CLASS M-3 CERTIFICATES, THE CLASS M-4 CERTIFICATES, THE CLASS M-5 CERTIFICATES, THE CLASS M-6 CERTIFICATES, THE CLASS M-7 CERTIFICATES, THE CLASS M-8 CERTIFICATES, THE CLASS M-9 AND THE CLASS M-10 CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT.

NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS

 


AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

 

 

Series: 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class M-11 Certificates as of the Issue Date: $4,321,000.00

Denomination: $4,321,000.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

CUSIP: 57643L KW 5

 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that Cede & Co. is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class M-11 Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class M-11 Certificates in REMIC III created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class M-11 Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class M-11 Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class M-11 Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final

 


distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

The Pass-Through Rate applicable to the calculation of interest payable with respect to this Certificate on any Distribution Date shall equal a rate per annum equal to the lesser of (i) the related Formula Rate for such Distribution Date and (ii) the related Net WAC Rate for such Distribution Date.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trust Administrator, the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “1933

 


Act”), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trust Administrator shall require receipt of written certifications from the Holder of the Certificate desiring to effect the transfer, and from such Holder’s prospective transferee, substantially in the forms attached to the Agreement as Exhibit F-1.

No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using “Plan Assets” to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

 


 

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-16

FORM OF CLASS CE CERTIFICATE

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE IS SUBORDINATE TO THE CLASS A CERTIFICATES AND THE MEZZANINE CERTIFICATES TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT.

NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

 

 

 

 

 

 

 

 

 

 


 

 

Series 2005-HE2

Pass-Through Rate: Variable

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Notional Amount of the Class

CE Certificates as of the Issue Date: $540,174,758.25

Notional Amount: $540,174,758.25

Aggregate Certificate Principal Balance of the Class CE Certificates as of the Issue Date: $6,758,758.25

Denomination: $6,758,758.25

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

 

 

THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that UBS Securities LLC is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class CE Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class CE Certificates in REMIC IV created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class CE Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class CE Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class CE Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final

 

 

distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trustee, the Trust Administrator and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “1933 Act”), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trust Administrator shall require receipt of (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Holder of the Certificate desiring to effect the transfer, and from such Holder’s prospective transferee, substantially in the

 


forms attached to the Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee, the Trust Administrator or the Master Servicer in their respective capacities as such), together with copies of the written certification(s) of the Holder of the Certificate desiring to effect the transfer and/or such Holder’s prospective transferee upon which such Opinion of Counsel is based. None of the Depositor, the Trust Administrator or the Trustee is obligated to register or qualify the Class of Certificates specified on the face hereof under the 1933 Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of such Certificates without registration or qualification. Any Holder desiring to effect a transfer of this Certificate shall be required to indemnify the Trustee, the Depositor, the Trust Administrator and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using “Plan Assets” to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the

 


time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-17

FORM OF CLASS P CERTIFICATE

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT.

NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

 


 

Series: 2005-HE2

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No. 1

Aggregate Certificate Principal Balance of the Class P Certificates as of the Issue Date: $100.00

Denomination: $100.00

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

 

 

DISTRIBUTIONS IN REDUCTION OF THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE MAY BE MADE MONTHLY AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE AS THE DENOMINATION OF THIS CERTIFICATE.

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that UBS Securities LLC is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class P Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class P Certificates in REMIC V created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class P Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class P Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class P Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final

 


distribution on this Certificate will be made after due notice by the Trust Administrator of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof equal to the denomination specified on the face hereof divided by the aggregate Certificate Principal Balance of the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trustee, the Trust Administrator and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “1933 Act”), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trust Administrator shall require receipt of (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Holder of the Certificate

 


desiring to effect the transfer, and from such Holder’s prospective transferee, substantially in the forms attached to the Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee, the Trust Administrator or the Master Servicer in their respective capacities as such), together with copies of the written certification(s) of the Holder of the Certificate desiring to effect the transfer and/or such Holder’s prospective transferee upon which such Opinion of Counsel is based. None of the Depositor, the Trust Administrator or the Trustee is obligated to register or qualify the Class of Certificates specified on the face hereof under the 1933 Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of such Certificates without registration or qualification. Any Holder desiring to effect a transfer of this Certificate shall be required to indemnify the Trustee, the Depositor, the Trust Administrator and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using “Plan Assets” to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early

 


retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assume no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-18

FORM OF CLASS R CERTIFICATE

THIS CERTIFICATE MAY NOT BE TRANSFERRED TO A NON-UNITED STATES PERSON.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” (“REMIC”), AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT.

NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES (I) AN AFFIDAVIT TO THE TRUST ADMINISTRATOR THAT (A) SUCH TRANSFEREE IS NOT (1) THE UNITED STATES OR ANY POSSESSION THEREOF, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (2) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) THAT IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (3) ANY ORGANIZATION DESCRIBED IN

 


SECTION 1381(A)(2)(C) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (1), (2) OR (3) SHALL HEREINAFTER BE REFERRED TO AS A “DISQUALIFIED ORGANIZATION”) OR (4) AN AGENT OF A DISQUALIFIED ORGANIZATION AND (B) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX, AND (II) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE HEREOF SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH AND THE PROVISIONS OF SECTION 5.02(d) OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. ANY PERSON THAT IS A DISQUALIFIED ORGANIZATION IS PROHIBITED FROM ACQUIRING BENEFICIAL OWNERSHIP OF THIS CERTIFICATE.

 

Series: 2005-HE2

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No.1

Aggregate Percentage Interest of the Class R Certificates as of the Issue Date: 100.00%

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

 

 

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that UBS Securities LLC is the registered owner of a Percentage Interest (as specified above) in that certain beneficial ownership interest evidenced by all the Certificates of the Class to which this Certificate belongs created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class R Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class R Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class R Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the

 


pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trust Administrator and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “1933 Act”), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trust Administrator shall require receipt of (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Holder of the Certificate desiring to effect the transfer, and from such Holder’s prospective transferee, substantially in the forms attached to the Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel

 


satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trustee, the Trust Administrator or the Master Servicer in their respective capacities as such), together with copies of the written certification(s) of the Holder of the Certificate desiring to effect the transfer and/or such Holder’s prospective transferee upon which such Opinion of Counsel is based. Neither the Depositor, the Trust Administrator nor the Trustee is obligated to register or qualify the Class of Certificates specified on the face hereof under the 1933 Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of such Certificates without registration or qualification. Any Holder desiring to effect a transfer of this Certificate shall be required to indemnify the Trustee, the Depositor, the Trust Administrator and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using “Plan Assets” to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

Prior to registration of any transfer, sale or other disposition of this Certificate, the proposed transferee shall provide to the Trust Administrator (i) an affidavit to the effect that such transferee is any Person other than a Disqualified Organization or the agent (including a broker, nominee or middleman) of a Disqualified Organization, and (ii) a certificate that acknowledges that (A) the Class R Certificates have been designated as a residual interest in a REMIC, (B) it will include in its income a pro rata share of the net income of the Trust Fund and that such income may be an “excess inclusion,” as defined in the Code, that, with certain exceptions, cannot be offset by other losses or benefits from any tax exemption, and (C) it expects to have the financial means to satisfy all of its tax obligations including those relating to holding the Class R Certificates. Notwithstanding the registration in the Certificate Register of any transfer, sale or other disposition of this Certificate to a Disqualified Organization or an agent (including a broker, nominee or middleman) of a Disqualified Organization, such registration shall be deemed to be of no legal force or effect whatsoever and such Person shall not be deemed to be a Certificateholder for any purpose, including, but not limited to, the receipt of distributions in respect of this Certificate.

The Holder of this Certificate, by its acceptance hereof, shall be deemed to have consented to the provisions of Section 5.02 of the Agreement and to any amendment of the

 


Agreement deemed necessary by counsel of the Depositor to ensure that the transfer of this Certificate to any Person other than a Permitted Transferee or any other Person will not cause the Trust Fund to cease to qualify as a REMIC or cause the imposition of a tax upon the REMIC.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trustee, the Trust Administrator nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT A-19

FORM OF CLASS R-X CERTIFICATE

THIS CERTIFICATE MAY NOT BE TRANSFERRED TO A NON-UNITED STATES PERSON.

SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST” IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” (“REMIC”), AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE “CODE”).

ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS THAT ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT.

NO TRANSFER OF THIS CERTIFICATE TO AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR THE CODE WILL BE REGISTERED EXCEPT IN COMPLIANCE WITH THE PROCEDURES DESCRIBED HEREIN.

ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES (I) AN AFFIDAVIT TO THE TRUST ADMINISTRATOR THAT (A) SUCH TRANSFEREE IS NOT (1) THE UNITED STATES OR ANY POSSESSION THEREOF, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (2) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) THAT IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (3) ANY ORGANIZATION DESCRIBED IN

 


SECTION 1381(A)(2)(C) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (1), (2) OR (3) SHALL HEREINAFTER BE REFERRED TO AS A “DISQUALIFIED ORGANIZATION”) OR (4) AN AGENT OF A DISQUALIFIED ORGANIZATION AND (B) NO PURPOSE OF SUCH TRANSFER IS TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX, AND (II) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OF ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE HEREOF SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH AND THE PROVISIONS OF SECTION 5.02(D) OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. ANY PERSON THAT IS A DISQUALIFIED ORGANIZATION IS PROHIBITED FROM ACQUIRING BENEFICIAL OWNERSHIP OF THIS CERTIFICATE.

 

Series: 2005-HE2

Cut-off Date and date of Pooling and Servicing Agreement: September 1, 2005

First Distribution Date: October 25, 2005

No.1

Aggregate Percentage Interest of the Class R-X Certificates as of the Issue Date: 100.00%

Master Servicer and Trust Administrator: Xxxxx Fargo Bank, N.A.

Trustee: U.S. Bank National Association

Issue Date: September 30, 2005

 

 

 


 

MORTGAGE PASS-THROUGH CERTIFICATE

evidencing a beneficial ownership interest in a portion of a trust fund (the “Trust Fund”) consisting primarily of a pool of conventional one- to four-family, fixed-rate and adjustable-rate, first and second lien mortgage loans (the “Mortgage Loans”) formed and sold by

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC., THE MASTER SERVICER, THE TRUSTEE, THE TRUST ADMINISTRATOR OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES.

This certifies that UBS Securities LLC is the registered owner of a Percentage Interest (as specified above) in that certain beneficial ownership interest evidenced by all the Certificates of the Class to which this Certificate belongs created pursuant to a Pooling and Servicing Agreement, dated as specified above (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc. (hereinafter called the “Depositor,” which term includes any successor entity under the Agreement), the Master Servicer, the Trust Administrator and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound.

Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a “Distribution Date”), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class R-X Certificates on such Distribution Date pursuant to the Agreement.

All distributions to the Holder of this Certificate under the Agreement will be made or caused to be made by the Trust Administrator by wire transfer in immediately available funds to the account of the Person entitled thereto if such Person shall have so notified the Trust Administrator in writing at least five Business Days prior to the Record Date immediately prior to such Distribution Date and is the registered owner of Class R-X Certificates the aggregate initial Certificate Principal Balance of which is in excess of the lesser of (i) $5,000,000 or (ii) two-thirds of the aggregate initial Certificate Principal Balance of the Class R-X Certificates, or otherwise by check mailed by first class mail to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trust Administrator of the

 


pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trust Administrator for that purpose as provided in the Agreement.

This Certificate is one of a duly authorized issue of Certificates designated as Mortgage Pass-Through Certificates of the Series specified on the face hereof (herein called the “Certificates”) and representing a Percentage Interest in the Class of Certificates specified on the face hereof.

The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. As provided in the Agreement, withdrawals from the Distribution Account may be made from time to time for purposes other than distributions to Certificateholders, such purposes including reimbursement of advances made, or certain expenses incurred, with respect to the Mortgage Loans.

The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Depositor, the Master Servicer, the Trust Administrator and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer, the Trust Administrator and the Trustee with the consent of the Holders of Certificates entitled to at least 66% of the Voting Rights. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trust Administrator as provided in the Agreement, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trust Administrator duly executed by, the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees.

No transfer of this Certificate shall be made unless the transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “1933 Act”), and an effective registration or qualification under applicable state securities laws, or is made in a transaction that does not require such registration or qualification. In the event that such a transfer of this Certificate is to be made without registration or qualification, the Trust Administrator shall require receipt of (i) if such transfer is purportedly being made in reliance upon Rule 144A under the 1933 Act, written certifications from the Holder of the Certificate desiring to effect the transfer, and from such Holder’s prospective transferee, substantially in the forms attached to the Agreement as Exhibit F-1, and (ii) in all other cases, an Opinion of Counsel

 


satisfactory to it that such transfer may be made without such registration or qualification (which Opinion of Counsel shall not be an expense of the Trust Fund or of the Depositor, the Trust Administrator, the Trustee or the Master Servicer in their respective capacities as such), together with copies of the written certification(s) of the Holder of the Certificate desiring to effect the transfer and/or such Holder’s prospective transferee upon which such Opinion of Counsel is based. Neither the Depositor, the Trust Administrator nor the Trustee is obligated to register or qualify the Class of Certificates specified on the face hereof under the 1933 Act or any other securities law or to take any action not otherwise required under the Agreement to permit the transfer of such Certificates without registration or qualification. Any Holder desiring to effect a transfer of this Certificate shall be required to indemnify the Trustee, the Depositor, the Trust Administrator and the Master Servicer against any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws.

No transfer of this Certificate to a Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person using “Plan Assets” to acquire this Certificate shall be made except in accordance with Section 5.02(c) of the Agreement.

The Certificates are issuable in fully registered form only without coupons in Classes and denominations representing Percentage Interests specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, the Certificates are exchangeable for new Certificates of the same Class in authorized denominations evidencing the same aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange of Certificates, but the Trust Administrator may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Certificates.

Prior to registration of any transfer, sale or other disposition of this Certificate, the proposed transferee shall provide to the Trust Administrator (i) an affidavit to the effect that such transferee is any Person other than a Disqualified Organization or the agent (including a broker, nominee or middleman) of a Disqualified Organization, and (ii) a certificate that acknowledges that (A) the Class R-X Certificates have been designated as a residual interest in a REMIC, (B) it will include in its income a pro rata share of the net income of the Trust Fund and that such income may be an “excess inclusion,” as defined in the Code, that, with certain exceptions, cannot be offset by other losses or benefits from any tax exemption, and (C) it expects to have the financial means to satisfy all of its tax obligations including those relating to holding the Class R-X Certificates. Notwithstanding the registration in the Certificate Register of any transfer, sale or other disposition of this Certificate to a Disqualified Organization or an agent (including a broker, nominee or middleman) of a Disqualified Organization, such registration shall be deemed to be of no legal force or effect whatsoever and such Person shall not be deemed to be a Certificateholder for any purpose, including, but not limited to, the receipt of distributions in respect of this Certificate.

The Holder of this Certificate, by its acceptance hereof, shall be deemed to have consented to the provisions of Section 5.02 of the Agreement and to any amendment of the

 


Agreement deemed necessary by counsel of the Depositor to ensure that the transfer of this Certificate to any Person other than a Permitted Transferee or any other Person will not cause the trust fund to cease to qualify as a REMIC or cause the imposition of a tax upon the REMIC.

The Depositor, the Master Servicer, the Trustee, the Trust Administrator and any agent of the Depositor, the Master Servicer, the Trust Administrator or the Trustee may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and none of the Depositor, the Master Servicer, the Trust Administrator, the Trustee nor any such agent shall be affected by notice to the contrary.

The obligations created by the Agreement and the Trust Fund created thereby shall terminate upon payment to the Certificateholders of all amounts held by the Trust Administrator and required to be paid to them pursuant to the Agreement following the earlier of (i) the final payment or other liquidation (or any advance with respect thereto) of the last Mortgage Loan and REO Property remaining in REMIC I and (ii) the purchase by the party designated in the Agreement at a price determined as provided in the Agreement from REMIC I of all the Mortgage Loans and all property acquired in respect of such Mortgage Loans. The Agreement permits, but does not require, the party designated in the Agreement to purchase from REMIC I all the Mortgage Loans and all property acquired in respect of any Mortgage Loan at a price determined as provided in the Agreement. The exercise of such right will effect early retirement of the Certificates; however, such right to purchase is subject to the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties remaining in the Trust Fund at the time of purchase being less than or equal to 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

The recitals contained herein shall be taken as statements of the Depositor and the Trust Administrator assumes no responsibility for their correctness.

Unless the certificate of authentication hereon has been executed by the Trust Administrator, 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 Trust Administrator has caused this Certificate to be duly executed.

Dated: September 30, 2005

XXXXX FARGO BANK, N.A., not in its individual capacity, but solely as Trust Administrator for the MASTR Asset Backed Securities Trust 2005-HE2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Officer

 

 

CERTIFICATE OF AUTHENTICATION

This is one of the Certificates referred to in the within-mentioned Agreement.

XXXXX FARGO BANK, N.A.,

as Trust Administrator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

 

 

Authorized Signatory

 

 


 

ABBREVIATIONS

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

TEN COM -

 

as tenants in common

UNIF GIFT MIN ACT -

Custodian        
(Cust) (Minor)
under Uniform Gifts
to Minors Act
__________________
(State)

TEN ENT -

 

as tenants by the entireties

 

JT TEN -

as joint tenants with right
of survivorship and not as
tenants in common

 

Additional abbreviations may also be used though not in the above list.

ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ______________________________________________________________________________________

 

 

(Please print or typewrite name, address including postal zip code, and Taxpayer Identification Number of assignee) a Percentage Interest equal to ____% evidenced by the within Mortgage Pass-Through Certificates and hereby authorize(s) the registration of transfer of such interest to assignee on the Certificate Register of the Trust Fund.

I (we) further direct the Trust Administrator to issue a new Certificate of a like Percentage Interest and Class to the above named assignee and deliver such Certificate to the following address:

 

.

 

Dated:

 

 

Signature by or on behalf of assignor

 

 

 

 

 

Signature Guaranteed

 

 


 

DISTRIBUTION INSTRUCTIONS

The assignee should include the following for purposes of distribution:

Distributions shall be made, by wire transfer or otherwise, in immediately available funds to ___________________________________________________________________________ _______________________________________________________________ for the account of _______________________________, account number ______________________________, or, if mailed by check, to_________________________________________________________ _____________________________________________________________________________. Applicable statements should be mailed to____________________________________________ _____________________________________________________________________________.This information is provided by ___________________________________________, the assignee named above, or ________________________________________, as its agent.

 


 

EXHIBIT B

FORM OF ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

 


ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT

This is an Assignment, Assumption and Recognition Agreement (this “AAR Agreement”) made as of September 30, 2005, among UBS Real Estate Securities Inc., a Delaware corporation (the “Assignor”), Mortgage Asset Securitization Transactions, Inc., a Delaware corporation (“Assignee”) and JPMorgan Chase Bank, National Association, a national banking association (as successor in interest to Chase Manhattan Mortgage Corporation) (the “Company”).

In consideration of the mutual promises contained herein the parties hereto agree that the residential mortgage loans (the “Assigned Loans”) listed on Attachment 1 attached hereto (the “Assigned Loan Schedule”) shall be subject to the terms of this AAR Agreement. Capitalized terms used herein but not defined shall have the meanings ascribed to them in the Servicing Agreement, dated as of May 1, 2004, between the Company as servicer and the Assignor as purchaser attached hereto as Attachment 2 (the “Servicing Agreement”).

Assignment and Assumption

Except as expressly provided for herein, Assignor hereby grants, transfers and assigns to Assignee with respect to the Assigned Loans, all of Assignor’s rights and obligations as “Purchaser” under the Servicing Agreement, including its right to have Company service such Assigned Loans pursuant to the terms of the Servicing Agreement for the benefit of Assignor (collectively, the “Assigned Rights”), and Assignee hereby assumes such Assigned Rights. Except as is otherwise expressly provided herein, Assignor makes no representations, warranties or covenants to Assignee and Assignee acknowledges that Assignor has no obligations to Assignee with respect to the Assigned Rights or otherwise relating to the transaction contemplated herein.

Representations, Warranties and Covenants

 

1.

Assignor warrants and represents to Assignee and Company as of the date hereof:

(a)         Attached hereto as Attachment 2 is a true and accurate copy of the Servicing Agreement, which Servicing Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;

(b)        Assignor is the lawful owner of the Assigned Loans with full right to transfer any and all of its interests, rights and obligations, other than the Servicing Rights with respect thereto, to the Assigned Rights as they relate to the Assigned Loans, free and clear of any and all claims and encumbrances; and upon the transfer of the Assigned Rights to Assignee as contemplated herein, Assignee shall have all of Assignor’s interests, rights and obligations to the Assigned Rights as they relate to the Assigned Loans, free and clear of any and all liens, claims and encumbrances;

 


 

(c)         Assignor is a Delaware corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation, and has all requisite power and authority to transfer its interest in the Assigned Rights;

(d)        Assignor has full corporate power and authority to execute, deliver and perform its obligations under this AAR Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this AAR Agreement is in the ordinary course of Assignor’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Assignor’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Assignor is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Assignor or its property is subject. The execution, delivery and performance by Assignor of this AAR Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Assignor. This AAR Agreement has been duly executed and delivered by Assignor and, upon the due authorization, execution and delivery by Assignee and Company, will constitute the valid and legally binding obligation of Assignor enforceable against Assignor in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law;

(e)         No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Assignor in connection with the execution, delivery or performance by Assignor of this AAR Agreement, or the consummation by it of the transactions contemplated hereby;

(f)         The Assignor has received from Company, and has delivered to the Assignee, all documents required to be delivered to Assignor by Company pursuant to the Servicing Agreement prior to the date hereof; and

(g)        There is no action, suit, proceeding, investigation or litigation pending or, to Assignor’s knowledge, threatened, which either in any instance or in the aggregate, if determined adversely to Assignor, would adversely affect Assignor’s execution or delivery of, or the enforceability of, this AAR Agreement, or the Assignor’s ability to perform its obligations under this AAR Agreement.

2.            Assignee warrants and represents to, and covenants with, Assignor and Company as of the date hereof:

(a)         Assignee is a Delaware Corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and has all requisite power and authority to acquire, own and purchase the Assigned Loans;

(b)        Assignee has full corporate power and authority to execute, deliver and perform its obligations under this AAR Agreement, and to consummate the transactions set forth herein.

 


The consummation of the transactions contemplated by this AAR Agreement is in the ordinary course of Assignee’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Assignee’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Assignee is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Assignee or its property is subject. The execution, delivery and performance by Assignee of this AAR Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on part of Assignee. This AAR Agreement has been duly executed and delivered by Assignee and, upon the due authorization, execution and delivery by Assignor and Company, will constitute the valid and legally binding obligation of Assignee enforceable against Assignee in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law;

(c)         No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Assignee in connection with the execution, delivery or performance by Assignee of this AAR Agreement, or the consummation by it of the transactions contemplated hereby;

(d)        There is no action, suit, proceeding, investigation or litigation pending or, to Assignee’s knowledge, threatened, which either in any instance or in the aggregate, if determined adversely to Assignee, would adversely affect Assignee’s execution or delivery of, or the enforceability of, this AAR Agreement, or Assignee’s ability to perform its obligations under this AAR Agreement; and

(e)         Assignee assumes for the benefit of each of Assignor and Company all of the Assigned Rights with respect to the Assigned Loans.

3.            Company warrants and represents to, and covenants with, Assignor and Assignee as of the date hereof:

(a)         Company is a national banking association, duly organized, validly existing and in good standing under the laws of the United States of America, and has all requisite power and authority to service the Assigned Loans and otherwise to perform its obligations under the Servicing Agreement;

(b)         Company has full power and authority to execute, deliver and perform its obligations under this AAR Agreement, and to consummate the transactions set forth herein. The consummation of the transactions contemplated by this AAR Agreement is in the ordinary course of Company’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of Company’s charter or by-laws or any legal restriction, or any material agreement or instrument to which Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which Company or its property is subject. The execution, delivery and performance by Company of this AAR

 


Agreement and the consummation by it of the transactions contemplated hereby, have been duly authorized by all necessary corporate action on the part of Company. This AAR Agreement has been duly executed and delivered by Company, and, upon the due authorization, execution and delivery by Assignor and Assignee, will constitute the valid and legally binding obligation of Company, enforceable against Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law;

(c)         No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by Company in connection with the execution, delivery or performance by Company of this AAR Agreement, or the consummation by it of the transactions contemplated hereby;

(d)        The Company, in accordance with the terms of the Servicing Agreement, shall establish a Custodial Account with respect to the Assigned Loans; and

(e)         Except as noted in the related Servicing File, Company has no knowledge of, and has not received notice of, any waivers under, or any modification of, any Assigned Loan.

4.           Assignor hereby agrees to indemnify and hold Assignee (and its successors and assigns) harmless against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments, and any other costs, fees and expenses that Assignee (and its successors and assigns) may sustain in any way related to any breach of the representations or warranties of Assignor set forth in this AAR Agreement or the breach of any covenant or condition contained herein.

Recognition of Assignee

5.            From and after the date hereof, Company shall recognize Assignee as beneficiary of the servicing of the Company under the Servicing Agreement with respect to the Assigned Loans, and acknowledges that the Assigned Loans will be part of a REMIC, and will service the Assigned Loans in accordance with the Servicing Agreement, but in no event in a manner that would (i) cause any REMIC to fail to qualify as a REMIC or (ii) result in the imposition of a tax upon any REMIC (including but not limited to the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC set forth in Section 860G(d) of the Code). It is the intention of Assignor, Company and Assignee that this AAR Agreement shall be binding upon and for the benefit of the respective successors and assigns of the parties hereto. Neither Company nor Assignor shall amend or agree to amend, modify, waive, or otherwise alter any of the terms or provisions of the Servicing Agreement which amendment, modification, waiver or other alteration would in any way affect the Assigned Loans without the prior written consent of Assignee.

 


 

Miscellaneous

6.           All demands, notices and communications related to the Assigned Loans, the Assigned Rights and this AAR Agreement shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by registered mail, postage prepaid, as follows:

 

(a)

In the case of Company:

 

JPMorgan Chase Bank, National Association

c/o Chase Home Finance LLC

00000 Xxxxx Xxxxxxxx Xxxx

Xxx Xxxxx, XX 00000

Attention: Xxxxx Dunks

 

 

With a copy to:

 

JPMorgan Chase Bank, National Association

c/o Chase Home Finance LLC

000 Xxxx Xxxxxx Xxxxx

Xxxxxx, XX 00000

Attention: General Counsel

 

 

(b)

In the case of Assignor:

 

UBS Real Estate Securities Inc.

1285 Avenue of the Xxxxxxxx, 00xx Xxxxx

Xxx Xxxx, XX 00000

Attention: Xxxxx XxXxxxxx

 

 

(c)

In the case of Assignee:

 

Mortgage Asset Securitization Transactions, Inc.

0000 Xxxxxx xx xxx Xxxxxxxx, 00xx Xxxxx

Xxx Xxxx, XX 00000

Attention: Xxxxx XxXxxxxx

 

Modification of the Servicing Agreement

 

7.

The Company and Assignor hereby amend the Servicing Agreement as follows:

(a)          Section 4.02 is hereby modified by adding the following to the end of the first paragraph:

“and the Realized Loss/Gain Report in the form set forth in Exhibit G, or a similar mutually agreed-upon format, attached hereto.”

 


 

 

(b)

Section 5.04 is hereby modified by deleting the following from paragraph (b):

“but in no event later than the Business Day preceding March 31 of each year”

(c)          Section 5.05 is hereby modified by deleting the following from the second line of the first paragraph:

“but in no event later than the Business Day preceding March 31 of each year”

(d)          Attachment 3 attached hereto is hereby inserted as Exhibit G of the Servicing Agreement.

 

8.           Xxxxx Fargo Bank, N.A. hereby acknowledges that it has been appointed as the master servicer of the Assigned Loans pursuant to the pooling and servicing agreement (the “Pooling and Servicing Agreement”), dated September 1, 2005, among Mortgage Asset Securitization Transactions, Inc. (the “Depositor”), Xxxxx Fargo Bank, N.A. (the “Master Servicer” and “Trust Administrator”), and U.S. Bank National Association (the “Trustee”) and therefor has the right to enforce all obligations of the Company, solely as they relate to the Assigned Loans, under the Servicing Agreement. Such right will include, without limitation, the right to terminate the Company under the Servicing Agreements upon the occurrence of an event of default thereunder, the right to receive all remittances required to be made by the Company under the Servicing Agreement, the right to receive all monthly reports and other data required to be delivered by the Company under the Servicing Agreement, the right to examine the books and records of the Company, any indemnification rights, and any right to grant or withhold consent or approval relating to actions taken by the Company under the Servicing Agreement. Pursuant to its role as master servicer under the Pooling and Servicing Agreement, Well Fargo Bank, N.A. shall deposit all funds received from the Company under the Servicing Agreement into the distribution account in accordance with the Pooling and Servicing Agreement. Pursuant to its role as master servicer under the Pooling and Servicing Agreement, Xxxxx Fargo Bank, N.A. shall process any reports and data received from the Company and deliver such reports and data to Assignee to the extent set forth in and in accordance with the requirements of the Pooling and Servicing Agreement.

9.            The Company hereby agrees to follow the procedures for release of mortgage loan files set forth (i) in the Custodial Agreement, dated as of September 1, 2005, between Deutsche Bank National Trust Company as custodian and the Trustee, which is attached hereto as Attachment 4, with respect to the mortgage files held by U.S. Bank National Association or (ii) the procedures set forth on Attachment 5, with respect to mortgage files held by the Trustee and the Trust Administrator.

10.         Each party will pay any commissions it has incurred and the fees of its attorneys in connection with the negotiations for, documenting of and closing of the transactions contemplated by this AAR Agreement.

 


 

11.         This AAR Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.

12.         No term or provision of this AAR Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced.

13.         This AAR Agreement shall inure to the benefit of the successors and assigns of the parties hereto. Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder.

14.         This AAR Agreement shall survive the conveyance of the Assigned Loans, the assignment of the Servicing Agreement with respect to the Assigned Loans by Assignor to Assignee and the termination of the Servicing Agreement.

15.       This AAR Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument.

16.         Except as contemplated hereby, the Servicing Agreement shall remain in full force and effect in accordance with its terms. In the event that any provision of this AAR Agreement conflicts with any provision of the Servicing Agreement, the terms of this AAR Agreement shall control.

 

 

 

 

 


 

IN WITNESS WHEREOF, the parties hereto have executed this AAR Agreement as of the day and year first above written.

 

UBS REAL ESTATE SECURITIES INC.

Assignor

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

Assignee

 

 

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

XX XXXXXX CHASE BANK, NATIONAL ASSOCIATION

Company

 

 

 

 

By:

 

Name:

 

Title:

 

 

 

Acknowledged:

XXXXX FARGO BANK, N.A.

 

 

By:

 

Name:

 

Title:

 

 

 


 

ATTACHMENT 1

 

ASSIGNED LOAN SCHEDULE BY COMPANY

(Available upon request)

 


 

ATTACHMENT 2

 

SERVICING AGREEMENT

(Available Upon Request)

 


 

ATTACHMENT 3

 

Exhibit G

 

STANDARD FILE LAYOUT- DELINQUENCY REPORTING

Columns

 

Name

 

Type

 

Size

Deal_Identifier

 

Number (Integer)

 

2

SBO Loan_Number

 

Number Text

 

10

Loan_Number

 

(Double)

 

8

Investor Loan_Number

 

Number (Integer)

 

2

Street_Address

 

Text

 

26

City

 

Text

 

26

State

 

Text

 

2

Zip Code

 

Text

 

9

Original_Loan_Amount

 

Number (Double) 8

 

8

Origination_Date

 

Date/Time 8

 

8

First_Payment_Date

 

Date/Time 8

 

8

Current_Loan_Amount

 

Number (Long) 4

 

4

Current_lnterest_Rate

 

Number (Double) 8

 

8

Current_P&L_Amount

 

Number (Double) 8

 

8

Scheduled_Balance

 

Number (Long) 4

 

 

Scheduled_Due_Date

 

Text

 

255

NxtRateAdjDate

 

Text

 

255

NxtPayAdjDate

 

Text

 

255

OrigLoanTerm

 

Number (Integer) 2

 

2

Loan_Type

 

Text

 

255

Servicing Fee

 

Text

 

255

Product_Type

 

Text

 

255

Property_Type

 

Text 2

 

2

Ownership_Code

 

Text

 

255

Actual_Due_Date

 

Text

 

255

Delinquency_Status

 

Text

 

255

Reason_For_Default

 

Text

 

255

Forclosure_Flag

 

Text

 

255

Date_Loan_Reinstated

 

Text

 

255

Reason_Suspend Date

 

Text

 

255

Foreclosure_Start_Date

 

Date/Time

 

8

Actual_NOI_Date

 

Text

 

255

Actual_First._Legal_Date

 

Date/Time

 

8

Date_Bid_Instruct_Sent

 

Text

 

265

Date_FC_Sale_Soheduled

 

Date/Time

 

8

Foreclosure_Actual_Sale_Date

 

Date/Time

 

8

Actual_Redemption_End_Date

 

Text

 

2

 

 


 

 

Occupancy_Status

 

Text

 

255

Occupancy._Status_Date

 

Text

 

255

Actual_Eviction_Status_Date Date/Time 8

 

Date/Time

 

8

Actual_Eviction_Completion_Date Date/Time 8

 

Date/Time

 

8

Loss_Mit_Work_Status

 

Text

 

1

Loss _Mit_Flag

 

Text

 

255

Loss _Mit_Type

 

Text

 

255

Loss _Mit_Start_Date

 

Date/Time

 

8

Loss _Mit_Approval_Date

 

Text

 

255

Loss _Mit_Removal_Data

 

Text

 

255

REO_Flag

 

Text

 

255

Actual_REO_Start_Date

 

Date/Time

 

8

REO_List_Date

 

Date/Time

 

8

REO_List_Prioe Numher

 

(Double)

 

8

Date_REO_Offer_Rcvd

 

Text

 

255

Date_REO_Offer_Accepted

 

Text

 

255

REO_Scheduled_Close_Date

 

Text

 

255

REO_Actual_Closing_Date

 

Date/Time

 

8

REO_Net_Sales_Proceeds Numter

 

(Long)

 

4

REO_Sale_Price Number

 

(Double)

 

8

Paid_Off_Code

 

Text

 

255

Paid_Off_Date

 

Text

 

255

ML_Cert_Number

 

Text

 

10

Loss _Mit_Type

 

Text

 

255

Loss _Mit_Start_Date

 

Date/Time

 

8

Loss _Mit_Approval_Date

 

Text

 

255

Loss _Mit_Removal_Data

 

Text

 

255

REO_Flag

 

Text

 

255

Actual_REO_Start_Date

 

Date/Time

 

8

REO_List_Date

 

Date/Time

 

8

REO_List_Prioe Numher

 

(Double)

 

8

Date_REO_Offer_Rcvd

 

Text

 

255

Date_REO_Offer_Accepted

 

Text

 

255

REO_Scheduled_Close_Date

 

Text

 

255

REO_Actual_Closing_Date

 

Date/Time

 

8

REO_Net_Sales_Proceeds Numter

 

(Long)

 

4

REO_Sale_Price Number

 

(Double)

 

8

Paid_Off_Code

 

Text

 

255

Paid_Off_Date

 

Text

 

255

ML_Cert_Number

 

Text

 

10

ML_Cost

 

Text

 

255

Other_Advance_Exp

 

Number (Long)

 

4

T&I_Advances

 

Number (Long)

 

4

lnterest_Advances

 

Text

 

255

 

 


 

 

Liquidation_Status

 

Text

 

255

BK_Atty_Fees_Costs

 

Text

 

255

FC_ Atty_Fees_Costs

 

Text

 

255

Eviction_Atty_Fees.Cost

 

Text

 

255

Appraisal_BPO_Costs

 

Text

 

255

Property_Preservation_Fees

 

Text

 

255

Actual_Claim_Filed_Date

 

Text

 

255

Actual_Claim_Amt_Filed

 

Text

 

255

Claim_Amt_Paid

 

Text

 

255

Claim_Funds_Rcvd_Date

 

Text

 

255

Realized_Gain_Loss

 

Text

 

255

Bankruptcy_Flag

 

Text

 

255

Bankruptcy_Chapter

 

Text

 

2

Actual_Bankruptcy_Start_Date

 

Date/Time

 

8

Actual_Payment_Plan_Start_Date

 

Date/Time

 

8

Actual_Bankruptcy_End_Date

 

Date/Time

 

8

Date_POC_Filed

 

Date/Time

 

8

Dated_Filed_Relief

 

Text

 

255

Relief_Hearing_Date

 

Text

 

255

Date_Relief_Dismissal_Granted

 

Text

 

255

Post_Petition_Due_Date

 

Date/Time

 

8

Prepayrnent_Premium_Flag

 

Text

 

1

Prepayment_Premium_Waived_Indicator

 

Text

 

255

Prepayment_Premium._Amount_Collected

 

Text

 

255

Partial_Prepayment_Amt_Coll

 

Text

 

255

Prepayment_Expiratioon_Date

 

Text

 

255

Prepayment_Calculation

 

Text

 

255

Origination_Value_Date

 

Text

 

255

Origination_Value_Source

 

Text

 

255

Original_Value_Amt

 

Number (Long)

 

4

FC_Valuation_Amt

 

Number (Double)

 

8

FC_Valuation_Source

 

Text

 

255

Date_of_Valuation

 

Date/Time

 

8

Type_of_Valuation

 

Text

 

255

REO_Value_Source

 

Text

 

255

REO _Appraisal_Value

 

Number (Double)

 

8

REO _Repaired_Value

 

Text

 

255

REO _Appraisal_Date

 

Date/Time

 

8

MI%

 

Number(Double)

 

8

Msg1

 

Text

 

255

Msg2

 

Text

 

255

Msg3

 

Text

 

255

 

 

 


 

Exhibit 3: Calculation of Realized Loss/Gain Form 332– Instruction Sheet

 

(i)

The numbers on the form correspond with the numbers listed below.

Liquidation and Acquisition Expenses:

 

1.

The Actual Unpaid Principal Balance of the Mortgage Loan. For documentation, an Amortization Schedule from date of default through liquidation breaking out the net interest and servicing fees advanced is required.

 

2.

The Total Interest Due less the aggregate amount of servicing fee that would have been earned if all delinquent payments had been made as agreed. For documentation, an Amortization Schedule from date of default through liquidation breaking out the net interest and servicing fees advanced is required.

 

3.

Accrued Servicing Fees based upon the Scheduled Principal Balance of the Mortgage Loan as calculated on a monthly basis. For documentation, an Amortization Schedule from date of default through liquidation breaking out the net interest and servicing fees advanced is required.

 

4-12.

Complete as applicable. All line entries must be supported by copies of appropriate statements, vouchers, receipts, bills, canceled checks, etc., to document the expense. Entries not properly documented will not be reimbursed to the Servicer.

 

13.

The total of lines 1 through 12.

 

(ii)

Credits:

 

 

14-21.

Complete as applicable. All line entries must be supported by copies of the appropriate claims forms, EOBs, HUD-1 and/or other proceeds verification, statements, payment checks, etc. to document the credit. If the Mortgage Loan is subject to a Bankruptcy Deficiency, the difference between the Unpaid Principal Balance of the Note prior to the Bankruptcy Deficiency and the Unpaid Principal Balance as reduced by the Bankruptcy Deficiency should be input on line 20.

 

22.

The total of lines 14 through 21.

Please note: For HUD/VA loans, use line (15) for Part A/Initial proceeds and line (16) for Part B/Supplemental proceeds.

 

(iii)

Total Realized Loss (or Amount of Any Gain)

 

 

23.

The total derived from subtracting line 22 from 13. If the amount represents a realized gain, show the amount in parenthesis ( ).

 

 


 

Exhibit 3A: Calculation of Realized Loss/Gain Form 332

 

XXXXX FARGO BANK, N.A.

CALCULATION OF REALIZED LOSS/GAIN

 

Prepared by: __________________

Date: _______________

 

Phone: ______________________

Email Address:_____________________

 

Servicer Loan No.

 

 

Servicer Name

 

 

Servicer Address

 

 

XXXXX FARGO BANK, N.A. Loan No._____________________________

Borrower's Name:________________________________________________________

Property Address:________________________________________________________________

Liquidation and Acquisition Expenses:

 

(1)

Actual Unpaid Principal Balance of Mortgage Loan

$ ______________

(1)

 

(2)

Interest accrued at Net Rate

________________

(2)

 

(3)

Accrued Servicing Fees

________________

(3)

 

(4)

Attorney's Fees

________________

(4)

 

(5)

Taxes

________________

(5)

 

(6)

Property Maintenance

________________

(6)

 

(7)

MI/Hazard Insurance Premiums

________________

(7)

 

(8)

Utility Expenses

________________

(8)

 

(9)

Appraisal/BPO

________________

(9)

 

(10)

Property Inspections

________________

(10)

 

(11)

FC Costs/Other Legal Expenses

________________

(11)

 

(12)

Other (itemize)

$________________

(12)

 

Cash for Keys__________________________

 

________________

 

 

HOA/Condo Fees_______________________

 

________________

 

 

______________________________________

 

________________

 

 

______________________________________

 

________________

 

 

Total Expenses

 

$ _______________

(13)

 

Credits:

 

 

 

 

(14)

Escrow Balance

$ _______________

(14)

 

(15)

HIP Refund

________________

(15)

 

(16)

Rental Receipts

________________

(16)

 

(17)

Hazard Loss Proceeds

________________

(17)

 

(18)

Primary Mortgage Insurance Proceeds

________________

(18)

 

(19)

Pool Insurance Proceeds

________________

(19)

 

(20)

Proceeds from Sale of Acquired Property

________________

(20)

 

(21)

Other (itemize)

________________

(21)

 

_________________________________________

 

_________________

 

 

_________________________________________

 

_________________

 

 

Total Credits

$________________

(22)

 

Total Realized Loss (or Amount of Gain)

$________________

(23)

 

 

 

 


 

Loss Form

Investor Number

Pool Number

Loan Number

Borrower Last Name

Borrower First Name

Actual Unpaid Balance

Interest Accrual

Interest Adjustment

 

Advances/Expenses

Actual Unpaid Balance

Attorney Fees

Taxes

Property Maintenance

MI/Hazard Insurance

Utility Expenses

Appraisal/BPO

Property Inspection

Other

REO Appraisal

Misc

 

Total Expenses

Credits

 

Escrow Balance

HIP Refund

Rental Receipts

Hazard Loss Proceeds

Pool Insurance Proceeds

Sales Proceeds

Other

 

Misc.

 

Misc.

 

Total Credits

Total Realized Loss/Gain

 


 

STANDARD FILE LAYOUT- SCHEDULED/SCHEDULED

 

Xxxxx Fargo Modem File Layout

Example

 

Issuer ID

PPSI05WCH1

 

Chase Loan

12345678

 

Investor Loan

12345678

 

Next Due

20050101

 

P and I

536.19

 

Note Rate

0.07875

 

Sched Prin

52.24

 

Xxxx Prin

0.00

 

Sched Liq Amt

0.00

 

Int on Xxxx

0.00

 

End Sched Bal

73692.18

 

Sched Int

483.95

 

Net Sched Int

453.22

 

Payoff Date

 

 

Beg Sched Bal

73744.42

 

End Actual Bal

73744.42

 

Action Codes

15

 

Prepayment Penalties

 

 

 

 

 

Action Codes Matrix

 

 

Description

Code

LSAMS message Codes

Payoffs

60

Loan Payoffs

BK

15

7,11,13,73,78,81

FC

30

8

REO

70

9

Repurchase

65

Xxxx Code 31-98

Chargeoffs

71

Xxxx Code 51

 

 

 

 


 

ATTACHMENT 4

 

CUSTODIAL AGREEMENT

 

(Available Upon Request)

 


 

ATTACHMENT 5

 

Release of Mortgage Files.

 

Upon becoming aware of the payment in full of any Assigned Loan, or the receipt by the Company of a notification that payment in full has been escrowed in a manner customary for such purposes, the Company shall promptly furnish to the Trust Administrator or the Trustee, as applicable, two copies of a certification substantially in the form of Exhibit A hereto signed by an officer of the Company involved in or responsible for, the administration and servicing of the Assigned Loans (a “Servicing Officer”) or in a mutually agreeable electronic format which will, in lieu of a signature on its face, originate from a Servicing Officer (which certification shall include a statement to the effect that all amounts received in connection with such payment that are required to be deposited in the Custodial Account maintained by the Company pursuant to the Servicing Agreement have been or will be so deposited) and shall request that the Trustee or the Trust Administrator, as applicable, deliver to the Company the related mortgage file. Upon receipt of such certification and request, the Trust Administrator or the Trustee, as applicable, shall promptly release the related mortgage file to the Company and shall have no further responsibility with regard to such mortgage file. Upon any such payment in full, the Company is authorized, to give, as agent for the Trustee, as the mortgagee under the Mortgage that secured the Assigned Loan, an instrument of satisfaction (or assignment of mortgage without recourse) regarding the Mortgaged Property subject to the Mortgage, which instrument of satisfaction or assignment, as the case may be, shall be delivered to the Person or Persons entitled thereto against receipt therefor of such payment, it being understood and agreed that no expenses incurred in connection with such instrument of satisfaction or assignment, as the case may be, shall be chargeable to the related Custodial Account.

From time to time and as appropriate for the servicing or foreclosure of any Mortgage Loan and in accordance with the Servicing Agreement, the Trustee shall execute such documents as shall be prepared and furnished to the Trustee by the Company (in form reasonably acceptable to the Trustee) and as are necessary to the prosecution of any such proceedings. The Trust Administrator or the Trustee, as applicable, shall, upon the request of the Company, and delivery to the Trust Administrator or the Trustee, as applicable, of two copies of a request for release signed by a Servicing Officer substantially in the form of Exhibit A hereto (or in a mutually agreeable electronic format which will, in lieu of a signature on its face, originate from a Servicing Officer), release the related mortgage file held in its possession or control to the Company. Such trust receipt shall obligate the Company to return the mortgage file to the Trust Administrator or the Trustee, as applicable, when the need therefor by the Company no longer exists unless the Assigned Loan shall be liquidated, in which case, upon receipt of a certificate of a Servicing Officer similar to that hereinabove specified, the mortgage file shall be released by the Trust Administrator or the Trustee, as applicable to the Company.

 


 

Exhibit A to Attachment 5

 

REQUEST FOR RELEASE

OF DOCUMENTS

To:

Xxxxx Fargo Bank, N.A.

0000 Xxx Xxxxxxxxx Xxxx

Xxxxxxxx, Xxxxxxxx 00000

U.S. Bank National Association,

00 Xxxxxxxxxx Xxxxxx

XX-XX-XX0X

Xx. Xxxx, Xxxxxxxxx 00000

Attn: Structured Finance- MASTR 2005-HE2

 

Re:

Pooling and Servicing Agreement, dated as of September 1, 2005, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A. and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2005-HE2

In connection with the administration of the Mortgage Loans held by you as Trust Administrator pursuant to the above-captioned Pooling and Servicing Agreement, we request the release, and hereby acknowledge receipt of the [Trust Administrator’s] [Trustee’s] mortgage file or the Mortgage Loan described below, for the reason indicated.

Mortgage Loan Number:

Mortgagor Name. Address & Zip Code:

Reason for Requesting Documents (check one):

1.

Mortgage Paid in Full

2.

Foreclosure

3.

Substitution

4.

Other Liquidation (Repurchases, etc.)

5.

Nonliquidation Reason:

Address to which Trust Administrator should deliver

the Trust Administrator’s mortgage file:

 


 

By:

 

 

(authorized signer)

 

Issuer:

 

Address:

 

Date:

 

 

  [Trust Administrator] [Trustee]

[Xxxxx Fargo Bank, N.A.]

[U.S. Bank National Association]

 

Please acknowledge the execution of the above request by your signature and date below:

 

_____________________

 

___________

Signature

Date

Documents returned to [Trust Administrator][Trustee]:

 

_____________________

___________

Trust Administrator

Date

 

 

 

 

 


 

EXHIBIT C-1

FORM OF [TRUST ADMINISTRATOR'S] [TRUSTEE'S] INITIAL CERTIFICATION

[Date]

 

Mortgage Asset Securitization Transactions, Inc.

1285 Avenue of the Americas

New York, New York 10019

U.S. Bank National Association,

00 Xxxxxxxxxx Xxxxxx

XX-XX-XX0X

Xx. Xxxx, Xxxxxxxxx 00000

Attn: Structured Finance- MASTR 2005- HE2

Xxxxx Fargo Bank, N.A.

0000 Xxx Xxxxxxxxx Xxxx

Xxxxxxxx, Xxxxxxxx 00000

JPMorgan Chase Bank, N.A.

0000 Xxxxxxx Xxxxxxx

Xxxxxxxx, Xxxx 00000

 

Re:

Pooling and Servicing Agreement, dated as of September 1, 2005, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A. and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2005-HE2

Ladies and Gentlemen:

Attached is the [Trust Administrator’s] [Trustee’s] preliminary exception report delivered in accordance with Section 2.02 of the referenced Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Pooling and Servicing Agreement.

The [Trust Administrator] [Trustee] has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the Pooling and Servicing Agreement. The [Trust Administrator] [Trustee] makes no representations as to (i) the validity, legality, sufficiency, enforceability or genuineness of any of the documents contained in the Mortgage File pertaining to the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan or (iii) whether any Mortgage File included any of the documents specified in clause (vi) of Section 2.01 of the Pooling and Servicing Agreement.

 


 

Capitalized words and phrases used herein shall have the respective meanings assigned to them in the Pooling and Servicing Agreement. This Certificate is qualified in all respects by the terms of said Pooling and Servicing Agreement.

[XXXXX FARGO BANK, N.A.] [U.S. Bank National Association]

 

 

By:

 

Name:

 

Title:

 

 

 


 

EXHIBIT C-2

FORM OF [TRUST ADMINISTRATOR'S] [TRUSTEE'S] FINAL CERTIFICATION

[Date]

 

Mortgage Asset Securitization Transactions, Inc.

1285 Avenue of the Americas

New York, New York 10019

U.S. Bank National Association,

00 Xxxxxxxxxx Xxxxxx

XX-XX-XX0X

Xx. Xxxx, Xxxxxxxxx 00000

Attn: Structured Finance- MASTR 2005- HE2

Xxxxx Fargo Bank, N.A.

0000 Xxx Xxxxxxxxx Xxxx

Xxxxxxxx, Xxxxxxxx 00000

JPMorgan Chase Bank, N.A.

0000 Xxxxxxx Xxxxxxx

Xxxxxxxx, Xxxx 00000

 

Re:

Pooling and Servicing Agreement, dated as of September 1, 2005, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A. and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2005-HE2

Ladies and Gentlemen:

In accordance with Section 2.02 of the Pooling and Servicing Agreement, the undersigned, as [Trust Administrator] [Trustee], hereby certifies that as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage loan paid in full or listed on Schedule I hereto) it (or its custodian) has received the applicable documents listed in Section 2.01 of the Pooling and Servicing Agreement.

The undersigned hereby certifies that as to each Mortgage Loan identified on the Mortgage Loan Schedule, other than any Mortgage Loan listed on Schedule I hereto, it has reviewed the documents listed above and has determined that each such document appears to be complete and, based on an examination of such documents, the information set forth in the Mortgage Loan Schedule is correct.

The [Trust Administrator] [Trustee] has made no independent examination of any documents contained in each Mortgage File beyond the review specifically required in the Pooling and Servicing Agreement. The [Trust Administrator] [Trustee] makes no representations as to (i) the validity, legality, sufficiency, enforceability or genuineness of any of the documents contained in the Mortgage File pertaining to the Mortgage Loans identified on the Mortgage Loan Schedule, (ii) the collectability, insurability, effectiveness or suitability of any such Mortgage Loan or (iii) whether any Mortgage File included any of the documents specified in clause (vi) of Section 2.01 of the Pooling and Servicing Agreement.

 


 

Capitalized words and phrases used herein shall have the respective meanings assigned to them in the Pooling and Servicing Agreement. This Certificate is qualified in all respects by the terms of said Pooling and Servicing Agreement.

[XXXXX FARGO BANK, N.A.] [U.S. BANK NATIONAL ASSOCIATION]

 

 

By:

 

Name:

 

Title:

 

 

 


 

EXHIBIT C-3

FORM OF RECEIPT OF MORTGAGE NOTE[S]

 

Mortgage Asset Securitization Transactions, Inc.

1285 Avenue of the Americas

New York, New York 10019

U.S. Bank National Association,

00 Xxxxxxxxxx Xxxxxx

XX-XX-XX0X

Xx. Xxxx, Xxxxxxxxx 00000

Attn: Structured Finance- MASTR 2005- HE2

Xxxxx Fargo Bank, N.A.

0000 Xxx Xxxxxxxxx Xxxx

Xxxxxxxx, Xxxxxxxx 00000

JPMorgan Chase Bank, N.A.

0000 Xxxxxxx Xxxxxxx

Xxxxxxxx, Xxxx 00000

Re:

Pooling and Servicing Agreement, dated as of September 1, 2005, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A. and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2005-HE2

Ladies and Gentlemen:

Pursuant to Section 2.01 of the Pooling and Servicing Agreement, dated as of September 1, 2005, among Mortgage Asset Securitization Transactions, Inc. as Depositor, Xxxxx Fargo Bank, N.A. as Master Servicer and Trust Administrator (the “Trust Administrator”) and U.S. Bank National Association as Trustee, we hereby acknowledge the receipt of the original Mortgage Notes (a copy of which is attached hereto as Exhibit 1) with any exceptions thereto listed on Exhibit 2.

[XXXXX FARGO BANK, N.A.,

as Trust Administrator] [U.S. Bank National Association, as Trustee]

 

 

By:

 

Name:

 

Title:

 

 

 


 

EXHIBIT D-1

 

FORM OF ASSIGNMENT AGREEMENTS

 


ASSIGNMENT AND RECOGNITION AGREEMENT

THIS ASSIGNMENT AND RECOGNITION AGREEMENT, dated September 30, 2005, (“Agreement”) among UBS Real Estate Securities Inc. (“Assignor”), Mortgage Asset Securitization Transactions, Inc. (“Assignee”) and First Street Financial, Inc. (the “Company”):

For and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration the receipt and sufficiency of which hereby are acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows:

Assignment and Conveyance

 

1.            The Assignor hereby assigns to the Assignee (a) all of the right, title and interest of the Assignor, as purchaser, in, to and under, except as described below, that certain Master Seller’s Purchase, Warranties and Interim Servicing Agreement dated as of August 1, 2004, as amended by Amendment Number One dated December 28, 2004 (the “Purchase Agreement”), between the Assignor, as purchaser (the “Purchaser”), and the Company, as seller, solely insofar as the Purchase Agreement relates to the mortgage loans set forth on the Schedule (the “Mortgage Loan Schedule”) attached hereto as Exhibit A (the “Mortgage Loans”) and (b) other than as provided below with respect to the enforcement of representations and warranties, none of the obligations of the Assignor under the Purchase Agreement.

The Assignor specifically reserves and does not assign to the Assignee hereunder any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement.

 

Recognition of the Company

 

2.            From and after the date hereof, the Company shall and does hereby recognize that (i) the Mortgage Loans will be sold to the Assignee pursuant to that certain Mortgage Loan Purchase Agreement dated as of September 30, 2005 between the Assignor and the Assignee and (ii) the Assignee will transfer the Mortgage Loans and assign its rights under the Purchase Agreement (solely to the extent set forth herein) and this Agreement to MASTR Asset Backed Securities Trust 2005-HE2 (the “Trust”) created pursuant to a Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Pooling Agreement”), among the Assignee, Xxxxx Fargo Bank, N.A. as master servicer (in such capacity, the “Master Servicer”) and trust administrator (in such capacity, the “Trust Administrator”) and U.S. Bank National Association, as trustee (including its successors in interest and any successor trustees under the Pooling Agreement, the “Trustee”). The Company hereby acknowledges and agrees that from and after the date hereof (i) the Trust will be the owner of the Mortgage Loans, (ii) the Company shall look solely to the Trust for performance of any obligations of the Assignor insofar as they relate to the enforcement of the representations, warranties and covenants with respect to the Mortgage Loans, (iii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf) shall have all the rights and remedies available to the Assignor, insofar as they relate to the Mortgage Loans, under the Purchase Agreement, including, without limitation, the enforcement of the document delivery requirements and

 


remedies with respect to breaches of representations and warranties set forth in the Purchase Agreement, and shall be entitled to enforce all of the obligations of the Company thereunder insofar as they relate to the Mortgage Loans, and (iv) all references to the Purchaser (insofar as they relate to the rights, title and interest and, with respect to obligations of the Purchaser, only insofar as they relate to the enforcement of the representations, warranties and covenants of the Company) or the Custodian under the Purchase Agreement insofar as they relate to the Mortgage Loans, shall be deemed to refer to the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf). Neither the Company nor the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter any of the terms or provisions of the Purchase Agreement which amendment, modification, waiver or other alteration would in any way affect the Mortgage Loans or the Company’s performance under the Purchase Agreement with respect to the Mortgage Loans without the prior written consent of the Trustee and the Trust Administrator.

Representations and Warranties of the Company

 

3.            The Company warrants and represents to the Assignor, the Assignee and the Trust as of the date hereof that:

(a)          Attached hereto as Exhibit B is a true and accurate copy of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;

(b)          The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;

(c)          The Company has full power and authority to execute, deliver and perform its obligations under this Agreement and has full power and authority to perform its obligations under the Purchase Agreement. The execution by the Company of this Agreement is in the ordinary course of the Company’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Company’s charter or bylaws or any legal restriction, or any material agreement or instrument to which the Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all necessary corporate action on part of the Company. This Agreement has been duly executed and delivered by the Company, and, upon the due authorization, execution and delivery by the Assignor and the Assignee, will constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law;

 

(d)

No consent, approval, order or authorization of, or declaration,

 


filing or registration with, any governmental entity is required to be obtained or made by the Company in connection with the execution, delivery or performance by the Company of this Agreement except as has already been obtained; and

(e)          There is no action, suit, proceeding or investigation pending or threatened against the Company, before any court, administrative agency or other tribunal, which would draw into question the validity of this Agreement or the Purchase Agreement, or which, either in any one instance or in the aggregate, would result in any material adverse change in the ability of the Company to perform its obligations under this Agreement or the Purchase Agreement, and the Company is solvent.

4.            Pursuant to Section 8.01(b)(iii) of the Purchase Agreement, the Company hereby represents and warrants, for the benefit of the Assignor, the Assignee and the Trust, that the representations and warranties set forth in Sections 3.01 and 3.02 of the Purchase Agreement, are true and correct as of the date hereof as if such representations and warranties were made on the date hereof.

5.            The Assignor hereby makes the following representation and warranty as of the date hereof:

(a)          Attached hereto as Exhibit B is a true and accurate copy of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;

(b)          There is no Mortgage Loan that was originated on or after March 7, 2003, which is a “ high cost home loan” as defined under the Georgia Fair Lending Act;

(c)          With respect to each Mortgage Loan, no borrower obtained a prepaid single-premium, credit-life, credit disability, credit unemployment or credit property insurance policy in connection with the origination of the Mortgage Loan;

(d)          The Servicer will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (i.e. favorable and unfavorable) on its borrower credit files to Equifax, Experian, and Trans Union Credit Information Company (three of the credit repositories), on a monthly basis; and

(e)          The Stated Principal Balance of each Group I Mortgage Loan is within Xxxxxxx Mac’s dollar amount limits for conforming one-to-four family mortgage loans.

Remedies for Breach of Representations and Warranties

6.            The Company hereby acknowledges and agrees that the remedies available to the Assignor, the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust’s behalf) in connection with any breach of the representations and

 


warranties made by the Company set forth in Sections 3 and 4 hereof shall be as set forth in Subsection 3.03 of the Purchase Agreement as if they were set forth herein (including without limitation the repurchase and indemnity obligations set forth therein). The Company further acknowledges and agrees that a breach of any one of the representations set forth in Sections 3.02(ee), (pp), (uu), (vv), (ccc), (ggg), (vvv) and (yyy) of the Purchase Agreement will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s).

The Assignor hereby acknowledges and agrees that the remedies available to the the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust’s behalf) in connection with any breach of the representations and warranties made by the Assignor set forth in Section 5 hereof shall be as set forth in Section 2.03 of the Pooling and Servicing Agreement as if they were set forth herein (including without limitation the repurchase obligations set forth therein). The Assignor hereby acknowledges and agrees that a breach of any one of the representations set forth in Sections 5(b), (c), (d) or (e) above will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s).

Miscellaneous

 

7.            This Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.

8.            No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced, with the prior written consent of the Trustee and the Trust Administrator.

9.            This Agreement shall inure to the benefit of (i) the successors and assigns of the parties hereto and (ii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf). Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder.

10.          Each of this Agreement and the Purchase Agreement shall survive the conveyance of the Mortgage Loans and the assignment of the Purchase Agreement (to the extent assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and nothing contained herein shall supersede or amend the terms of the Purchase Agreement.

11.          This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument.

12.          In the event that any provision of this Agreement conflicts with any provision of the Purchase Agreement with respect to the Mortgage Loans, the terms of this Agreement shall control.

13.          Capitalized terms used in this Agreement (including the exhibits hereto) but not defined in this Agreement shall have the meanings given to such terms in the Purchase Agreement.

[SIGNATURE PAGE FOLLOWS]

 


 

                IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first above written.

 

 

UBS REAL ESTATE SECURITIES INC.

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

 

 

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

FIRST STREET FINANCIAL, INC.

 

 

 

 

By:

 

Name:

 

Title:

 

 

 


ASSIGNMENT AND RECOGNITION AGREEMENT

THIS ASSIGNMENT AND RECOGNITION AGREEMENT, dated September 30, 2005, (“Agreement”) among UBS Real Estate Securities Inc. (“Assignor”), Mortgage Asset Securitization Transactions, Inc. (“Assignee”) and Greenlight Financial Services Inc. (the “Company”):

For and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration the receipt and sufficiency of which hereby are acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows:

Assignment and Conveyance

 

1.            The Assignor hereby assigns to the Assignee (a) all of the right, title and interest of the Assignor, as purchaser, in, to and under, except as described below, that certain Master Seller’s Purchase, Warranties and Interim Servicing Agreement dated as of December 1, 2004 (the “Purchase Agreement”), between the Assignor, as purchaser (the “Purchaser”), and the Company, as seller, solely insofar as the Purchase Agreement relates to the mortgage loans set forth on the schedule (the “Mortgage Loan Schedule”) attached hereto as Exhibit A (the “Mortgage Loans”) and (b) other than as provided below with respect to the enforcement of representations and warranties, none of the obligations of the Assignor under the Purchase Agreement.

The Assignor specifically reserves and does not assign to the Assignee hereunder any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement.

 

Recognition of the Company

 

2.            From and after the date hereof, the Company shall and does hereby recognize that (i) the Mortgage Loans will be sold to the Assignee pursuant to that certain Mortgage Loan Purchase Agreement dated as of September 30, 2005 between the Assignor and the Assignee and (ii) the Assignee will transfer the Mortgage Loans and assign its rights under the Purchase Agreement (solely to the extent set forth herein) and this Agreement to MASTR Asset Backed Securities Trust 2005-HE2 (the “Trust”) created pursuant to a Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Pooling Agreement”), among the Assignee, Xxxxx Fargo Bank, N.A. as master servicer (in such capacity, the “Master Servicer”) and trust administrator (in such capacity, the “Trust Administrator”) and U.S. Bank National Association, as trustee (including its successors in interest and any successor trustees under the Pooling Agreement, the “Trustee”). The Company hereby acknowledges and agrees that from and after the date hereof (i) the Trust will be the owner of the Mortgage Loans, (ii) the Company shall look solely to the Trust for performance of any obligations of the Assignor insofar as they relate to the enforcement of the representations, warranties and covenants with respect to the Mortgage Loans, (iii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf) shall have all the rights and remedies available to the Assignor, insofar as they relate to the Mortgage Loans, under the Purchase Agreement,

 


including, without limitation, the enforcement of the document delivery requirements and remedies with respect to breaches of representations and warranties set forth in the Purchase Agreement, and shall be entitled to enforce all of the obligations of the Company thereunder insofar as they relate to the Mortgage Loans, and (iv) all references to the Purchaser (insofar as they relate to the rights, title and interest and, with respect to obligations of the Purchaser, only insofar as they relate to the enforcement of the representations, warranties and covenants of the Company) or the Custodian under the Purchase Agreement insofar as they relate to the Mortgage Loans, shall be deemed to refer to the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf). Neither the Company nor the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter any of the terms or provisions of the Purchase Agreement which amendment, modification, waiver or other alteration would in any way affect the Mortgage Loans or the Company’s performance under the Purchase Agreement with respect to the Mortgage Loans without the prior written consent of the Trustee and the Trust Administrator.

Representations and Warranties of the Company

 

3.            The Company warrants and represents to the Assignor, the Assignee and the Trust as of the date hereof that:

(a)          Attached hereto as Exhibit B is a true and accurate copy of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;

(b)          The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;

(c)          The Company has full power and authority to execute, deliver and perform its obligations under this Agreement and has full power and authority to perform its obligations under the Purchase Agreement. The execution by the Company of this Agreement is in the ordinary course of the Company’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Company’s charter or bylaws or any legal restriction, or any material agreement or instrument to which the Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all necessary corporate action on part of the Company. This Agreement has been duly executed and delivered by the Company, and, upon the due authorization, execution and delivery by the Assignor and the Assignee, will constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law;

 


 

(d)          No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by the Company in connection with the execution, delivery or performance by the Company of this Agreement except as has already been obtained; and

(e)          There is no action, suit, proceeding or investigation pending or threatened against the Company, before any court, administrative agency or other tribunal, which would draw into question the validity of this Agreement or the Purchase Agreement, or which, either in any one instance or in the aggregate, would result in any material adverse change in the ability of the Company to perform its obligations under this Agreement or the Purchase Agreement, and the Company is solvent.

4.            Pursuant to Section 8.01(b)(iii) of the Purchase Agreement, the Company hereby represents and warrants, for the benefit of the Assignor, the Assignee and the Trust, that the representations and warranties set forth in Sections 3.01 and 3.02 of the Purchase Agreement, are true and correct as of the date hereof as if such representations and warranties were made on the date hereof.

5.            The Assignor hereby makes the following representation and warranty as of the date hereof:

(a)          Attached hereto as Exhibit B is a true and accurate copy of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;

(b)          There is no Mortgage Loan that was originated on or after March 7, 2003, which is a “high cost home loan” as defined under the Georgia Fair Lending Act;

(c)          The Servicer will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (i.e. favorable and unfavorable) on its borrower credit files to Equifax, Experian, and Trans Union Credit Information Company (three of the credit repositories), on a monthly basis; and

(d)          The Stated Principal Balance of each Group I Mortgage Loan is within Xxxxxxx Mac’s dollar amount limits for conforming one-to-four family mortgage loans.

Remedies for Breach of Representations and Warranties

6.            The Company hereby acknowledges and agrees that the remedies available to the Assignor, the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust’s behalf) in connection with any breach of the representations and warranties made by the Company set forth in Sections 3 and 4 hereof shall be as set forth in Subsection 3.03 of the Purchase Agreement as if they were set forth herein (including without limitation the repurchase and indemnity obligations set forth therein). The Company further acknowledges and agrees that a breach of any one of the representations set forth in Xxxxxxxx

 


0.00(xx), (xx), (xx), (xx), (xxx), (xxx), (xxx) and (ooo) of the Purchase Agreement will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s).

The Assignor hereby acknowledges and agrees that the remedies available to the the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust’s behalf) in connection with any breach of the representations and warranties made by the Assignor set forth in Section 5 hereof shall be as set forth in Section 2.03 of the Pooling and Servicing Agreement as if they were set forth herein (including without limitation the repurchase obligations set forth therein). The Assignor hereby acknowledges and agrees that a breach of any one of the representations set forth in Sections 5(b), (c), or (d) above will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s).

Miscellaneous

7.            This Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.

8.            No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced, with the prior written consent of the Trustee and the Trust Administrator.

9.            This Agreement shall inure to the benefit of (i) the successors and assigns of the parties hereto and (ii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf). Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder.

10.          Each of this Agreement and the Purchase Agreement shall survive the conveyance of the Mortgage Loans and the assignment of the Purchase Agreement (to the extent assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and nothing contained herein shall supersede or amend the terms of the Purchase Agreement.

11.          This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument.

12.          In the event that any provision of this Agreement conflicts with any provision of the Purchase Agreement with respect to the Mortgage Loans, the terms of this Agreement shall control.

13.          Capitalized terms used in this Agreement (including the exhibits hereto) but not defined in this Agreement shall have the meanings given to such terms in the Purchase Agreement.

[SIGNATURE PAGE FOLLOWS]

 


 

                IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first above written.

 

 

UBS REAL ESTATE SECURITIES INC.

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

 

 

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

GREENLIGHT FINANCIAL SERVICES INC

 

 

 

 

By:

 

Name:

 

Title:

 

 

 


ASSIGNMENT AND RECOGNITION AGREEMENT

THIS ASSIGNMENT AND RECOGNITION AGREEMENT, dated September 30, 2005, (“Agreement”) among UBS Real Estate Securities Inc. (“Assignor”), Mortgage Asset Securitization Transactions, Inc. (“Assignee”) and Novelle Financial Services, Inc. (the “Company”):

For and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration the receipt and sufficiency of which hereby are acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows:

Assignment and Conveyance

 

1.            The Assignor hereby assigns to the Assignee (a) all of the right, title and interest of the Assignor, as purchaser, in, to and under, except as described below, that certain Master Seller’s Purchase, Warranties and Interim Servicing Agreement dated as of January 1, 2005 (the “Purchase Agreement”), between the Assignor, as purchaser (the “Purchaser”), and the Company, as seller, solely insofar as the Purchase Agreement relates to those mortgage loans set forth on the schedule (the “Mortgage Loan Schedule”) attached hereto as Exhibit A (the “Mortgage Loans”) and (b) other than as provided below with respect to the enforcement of representations and warranties, none of the obligations of the Assignor under the Purchase Agreement.

The Assignor specifically reserves and does not assign to the Assignee hereunder any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement.

 

Recognition of the Company

 

2.            From and after the date hereof, the Company shall and does hereby recognize that (i) the Mortgage Loans will be sold to the Assignee pursuant to that certain Mortgage Loan Purchase Agreement dated as of September 30, 2005 between the Assignor and the Assignee and (ii) the Assignee will transfer the Mortgage Loans and assign its rights under the Purchase Agreement (solely to the extent set forth herein) and this Agreement to MASTR Asset Backed Securities Trust 2005-HE2 (the “Trust”) created pursuant to a Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Pooling Agreement”), among the Assignee, Xxxxx Fargo Bank, N.A. as master servicer (in such capacity, the “Master Servicer”) and trust administrator (in such capacity, the “Trust Administrator”) and U.S. Bank National Association, as trustee (including its successors in interest and any successor trustees under the Pooling Agreement, the “Trustee”). The Company hereby acknowledges and agrees that from and after the date hereof (i) the Trust will be the owner of the Mortgage Loans, (ii) the Company shall look solely to the Trust for performance of any obligations of the Assignor insofar as they relate to the enforcement of the representations, warranties and covenants with respect to the Mortgage Loans, (iii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf) shall have all the rights and remedies available to the Assignor, insofar as they relate to the Mortgage Loans, under the Purchase Agreement,

 


including, without limitation, the enforcement of the document delivery requirements and remedies with respect to breaches of representations and warranties set forth in the Purchase Agreement, and shall be entitled to enforce all of the obligations of the Company thereunder insofar as they relate to the Mortgage Loans, and (iv) all references to the Purchaser (insofar as they relate to the rights, title and interest and, with respect to obligations of the Purchaser, only insofar as they relate to the enforcement of the representations, warranties and covenants of the Company) or the Custodian under the Purchase Agreement insofar as they relate to the Mortgage Loans, shall be deemed to refer to the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf). Neither the Company nor the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter any of the terms or provisions of the Purchase Agreement which amendment, modification, waiver or other alteration would in any way affect the Mortgage Loans or the Company’s performance under the Purchase Agreement with respect to the Mortgage Loans without the prior written consent of the Trustee and the Trust Administrator.

Representations and Warranties of the Company

 

3.            The Company warrants and represents to the Assignor, the Assignee and the Trust as of the date hereof that:

(a)          Attached hereto as Exhibit B is a true and accurate copy of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;

(b)          The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;

(c)          The Company has full power and authority to execute, deliver and perform its obligations under this Agreement and has full power and authority to perform its obligations under the Purchase Agreement. The execution by the Company of this Agreement is in the ordinary course of the Company’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Company’s charter or bylaws or any legal restriction, or any material agreement or instrument to which the Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all necessary corporate action on part of the Company. This Agreement has been duly executed and delivered by the Company, and, upon the due authorization, execution and delivery by the Assignor and the Assignee, will constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law;

 


 

(d)          No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by the Company in connection with the execution, delivery or performance by the Company of this Agreement except as has already been obtained; and

(e)          There is no action, suit, proceeding or investigation pending or threatened against the Company, before any court, administrative agency or other tribunal, which would draw into question the validity of this Agreement or the Purchase Agreement, or which, either in any one instance or in the aggregate, would result in any material adverse change in the ability of the Company to perform its obligations under this Agreement or the Purchase Agreement, and the Company is solvent.

4.            Pursuant to Section 8.01(b)(iii) of the Purchase Agreement, the Company hereby represents and warrants, for the benefit of the Assignor, the Assignee and the Trust, that the representations and warranties set forth in Sections 3.01 and 3.02 of the Purchase Agreement, are true and correct as of the date hereof as if such representations and warranties were made on the date hereof; provided, however, the representations and warranties set forth in Sections 3.02(c) (other than the third clause therein), (d), (e), (g), (i) (other than the last sentence therein), (j), (m), (n), (o), (p), (r), (w), (z), (ff), (hh) and (ccc) of the Purchase Agreement are re-made as of the date hereof only based on the Company’s actual knowledge with respect to acts or omissions following March 1, 2005 (the “Servicing Transfer Date”).

5.            The Assignor hereby makes the following representation and warranty as of the date hereof:

Attached hereto as Exhibit B is a true and accurate copy of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder.

Remedies for Breach of Representations and Warranties

 

6.            The Company hereby acknowledges and agrees that the remedies available to the Assignor, the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust’s behalf) in connection with any breach of the representations and warranties made by the Company set forth in Sections 3 and 4 hereof shall be as set forth in Subsection 3.03 of the Purchase Agreement as if they were set forth herein (including without limitation the repurchase and indemnity obligations set forth therein).

Miscellaneous

 

7.            This Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.

8.            No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or

 


modification is sought to be enforced, with the prior written consent of the Trustee and the Trust Administrator.

9.            This Agreement shall inure to the benefit of (i) the successors and assigns of the parties hereto and (ii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf). Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder.

10.          Each of this Agreement and the Purchase Agreement shall survive the conveyance of the Mortgage Loans and the assignment of the Purchase Agreement (to the extent assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and nothing contained herein shall supersede or amend the terms of the Purchase Agreement.

11.          This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument.

12.          In the event that any provision of this Agreement conflicts with any provision of the Purchase Agreement with respect to the Mortgage Loans, the terms of this Agreement shall control.

13.          Capitalized terms used in this Agreement (including the exhibits hereto) but not defined in this Agreement shall have the meanings given to such terms in the Purchase Agreement.

[SIGNATURE PAGE FOLLOWS]

 


 

                IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first above written.

 

 

UBS REAL ESTATE SECURITIES INC.

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

 

 

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

NOVELLE FINANCIAL SERVICES, INC.

 

 

 

 

By:

 

Name:

 

Title:

 

 

 


ASSIGNMENT AND RECOGNITION AGREEMENT

THIS ASSIGNMENT AND RECOGNITION AGREEMENT, dated September 30, 2005, (“Agreement”) among UBS Real Estate Securities Inc. (“Assignor”), Mortgage Asset Securitization Transactions, Inc. (“Assignee”) and New Century Mortgage Corporation (the “Company”):

For and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration the receipt and sufficiency of which hereby are acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows:

Assignment and Conveyance

 

1.            The Assignor hereby assigns to the Assignee (a) all of the right, title and interest of the Assignor, as purchaser, in, to and under, except as described below, that certain Master Seller’s Purchase, Warranties and Interim Servicing Agreement dated as of May 1, 2004 as amended by Amendment Number One dated as of June 3, 2004 and Amendment Number Two dated as of October 28, 2004 (the “Purchase Agreement”), between the Assignor, as purchaser (the “Purchaser”), and the Company, as seller, solely insofar as the Purchase Agreement relates to the mortgage loans set forth on the schedule (the “Mortgage Loan Schedule”) attached hereto as Exhibit A (the “Mortgage Loans”) and (b) other than as provided below with respect to the enforcement of representations and warranties, none of the obligations of the Assignor under the Purchase Agreement.

The Assignor specifically reserves and does not assign to the Assignee hereunder any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement.

 

Recognition of the Company

 

2.            From and after the date hereof, the Company shall and does hereby recognize that (i) the Mortgage Loans will be sold to the Assignee pursuant to that certain Mortgage Loan Purchase Agreement dated as of September 30, 2005 between the Assignor and the Assignee and (ii) the Assignee will transfer the Mortgage Loans and assign its rights under the Purchase Agreement (solely to the extent set forth herein) and this Agreement to MASTR Asset Backed Securities Trust 2005-HE2 (the “Trust”) created pursuant to a Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Pooling Agreement”), among the Assignee, Xxxxx Fargo Bank, N.A. as master servicer (in such capacity, the “Master Servicer”) and trust administrator (in such capacity, the “Trust Administrator”) and U.S. Bank National Association, as trustee (including its successors in interest and any successor trustees under the Pooling Agreement, the “Trustee”). The Company hereby acknowledges and agrees that from and after the date hereof (i) the Trust will be the owner of the Mortgage Loans, (ii) the Company shall look solely to the Trust for performance of any obligations of the Assignor insofar as they relate to the enforcement of the representations, warranties and covenants with respect to the Mortgage Loans, (iii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf) shall have all the rights and remedies available to the

 


Assignor, insofar as they relate to the Mortgage Loans, under the Purchase Agreement, including, without limitation, the enforcement of the document delivery requirements and remedies with respect to breaches of representations and warranties set forth in the Purchase Agreement, and shall be entitled to enforce all of the obligations of the Company thereunder insofar as they relate to the Mortgage Loans, and (iv) all references to the Purchaser (insofar as they relate to the rights, title and interest and, with respect to obligations of the Purchaser, only insofar as they relate to the enforcement of the representations, warranties and covenants of the Company) or the Custodian under the Purchase Agreement insofar as they relate to the Mortgage Loans, shall be deemed to refer to the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf). Neither the Company nor the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter any of the terms or provisions of the Purchase Agreement which amendment, modification, waiver or other alteration would in any way affect the Mortgage Loans or the Company’s performance under the Purchase Agreement with respect to the Mortgage Loans without the prior written consent of the Trustee and the Trust Administrator.

Representations and Warranties of the Company

 

3.            The Company warrants and represents to the Assignor, the Assignee and the Trust as of the date hereof that:

(a)          Attached hereto as Exhibit B is a true and accurate copy of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;

(b)          The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;

(c)          The Company has full power and authority to execute, deliver and perform its obligations under this Agreement and has full power and authority to perform its obligations under the Purchase Agreement. The execution by the Company of this Agreement is in the ordinary course of the Company’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Company’s charter or bylaws or any legal restriction, or any material agreement or instrument to which the Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all necessary corporate action on part of the Company. This Agreement has been duly executed and delivered by the Company, and, upon the due authorization, execution and delivery by the Assignor and the Assignee, will constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law;

 


 

(d)          No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by the Company in connection with the execution, delivery or performance by the Company of this Agreement except as has already been obtained; and

(e)          There is no action, suit, proceeding or investigation pending or threatened against the Company, before any court, administrative agency or other tribunal, which would draw into question the validity of this Agreement or the Purchase Agreement, or which, either in any one instance or in the aggregate, would result in any material adverse change in the ability of the Company to perform its obligations under this Agreement or the Purchase Agreement, and the Company is solvent.

4.            Pursuant to Section 11 of the Purchase Agreement, the Company hereby represents and warrants, for the benefit of the Assignor, the Assignee and the Trust, that the representations and warranties set forth in Sections 7.01 and 7.02 of the Purchase Agreement, are true and correct as of the date hereof as if such representations and warranties were made on the date hereof.

5.            The Assignor hereby makes the following representation and warranty as of the date hereof:

(a)          Attached hereto as Exhibit B is a true and accurate copy of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;

(b)          There is no Mortgage Loan that was originated on or after March 7, 2003, which is a “high cost home loan” as defined under the Georgia Fair Lending Act;

(c)          With respect to each Mortgage Loan, no borrower obtained a prepaid single-premium, credit-life, credit disability, credit unemployment or credit property insurance policy in connection with the origination of the Mortgage Loan;

(d)          The Servicer will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (i.e. favorable and unfavorable) on its borrower credit files to Equifax, Experian, and Trans Union Credit Information Company (three of the credit repositories), on a monthly basis; and

(e)          The Stated Principal Balance of each Group I Mortgage Loan is within Xxxxxxx Mac’s dollar amount limits for conforming one-to-four family mortgage loans.

Remedies for Breach of Representations and Warranties

6.            The Company hereby acknowledges and agrees that the remedies available to the Assignor, the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust’s behalf) in connection with any breach of the representations and

 


warranties made by the Company set forth in Sections 3 and 4 hereof shall be as set forth in Subsection 7.03 of the Purchase Agreement as if they were set forth herein (including without limitation the repurchase and indemnity obligations set forth therein). The Company further acknowledges and agrees that a breach of any one of the representations set forth in Sections 7.02(tt), (uu), (vv), (xx), (eee), (fff) and (www) of the Purchase Agreement will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s).

The Assignor hereby acknowledges and agrees that the remedies available to the the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust’s behalf) in connection with any breach of the representations and warranties made by the Assignor set forth in Section 5 hereof shall be as set forth in Section 2.03 of the Pooling and Servicing Agreement as if they were set forth herein (including without limitation the repurchase obligations set forth therein). The Assignor hereby acknowledges and agrees that a breach of any one of the representations set forth in Sections 5(b), (c), (d) or (e) above will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s).

Miscellaneous

 

7.            State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.

8.            No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced, with the prior written consent of the Trustee and the Trust Administrator.

9.            This Agreement shall inure to the benefit of (i) the successors and assigns of the parties hereto and (ii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf). Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder.

10.          Each of this Agreement and the Purchase Agreement shall survive the conveyance of the Mortgage Loans and the assignment of the Purchase Agreement (to the extent assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and nothing contained herein shall supersede or amend the terms of the Purchase Agreement.

11.          This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument.

12.          In the event that any provision of this Agreement conflicts with any provision of the Purchase Agreement with respect to the Mortgage Loans, the terms of this Agreement shall control.

 


 

13.          Capitalized terms used in this Agreement (including the exhibits hereto) but not defined in this Agreement shall have the meanings given to such terms in the Purchase Agreement.

[SIGNATURE PAGE FOLLOWS]

 


 

                IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first above written.

 

 

UBS REAL ESTATE SECURITIES INC.

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

 

 

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

NEW CENTURY MORTGAGE CORPORATION

 

 

 

 

By:

 

Name:

 

Title:

 

 

 

 


ASSIGNMENT AND RECOGNITION AGREEMENT

THIS ASSIGNMENT AND RECOGNITION AGREEMENT, dated September 30, 2005, (“Agreement”) among UBS Real Estate Securities Inc. (“Assignor”), Mortgage Asset Securitization Transactions, Inc. (“Assignee”) and MILA, Inc. (the “Company”):

For and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration the receipt and sufficiency of which hereby are acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows:

Assignment and Conveyance

 

1.            The Assignor hereby assigns to the Assignee (a) all of the right, title and interest of the Assignor, as purchaser, in, to and under, except as described below, that certain Master Seller’s Purchase, Warranties and Interim Servicing Agreement dated as of February 1, 2005, as amended by Amendment Number One, dated as of March 15, 2005 (collectively, the “Purchase Agreement”), each as between the Assignor, as purchaser (the “Purchaser”), and the Company, as seller, solely insofar as the Purchase Agreement relates to the mortgage loans set forth on the schedule (the “Mortgage Loan Schedule”) attached hereto as Exhibit A and (b) other than as provided below with respect to the enforcement of representations and warranties, none of the obligations of the Assignor under the Purchase Agreement.

The Assignor specifically reserves and does not assign to the Assignee hereunder any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement.

 

Recognition of the Company

 

2.            From and after the date hereof, the Company shall and does hereby recognize that (i) the Mortgage Loans will be sold to the Assignee pursuant to that certain Mortgage Loan Purchase Agreement dated as of September 30, 2005 between the Assignor and the Assignee and (ii) the Assignee will transfer the Mortgage Loans and assign its rights under the Purchase Agreement (solely to the extent set forth herein) and this Agreement to MASTR Asset Backed Securities Trust 2005-HE2 (the “Trust”) created pursuant to a Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Pooling Agreement”), among the Assignee, Xxxxx Fargo Bank, N.A. as master servicer (in such capacity, the “Master Servicer”) and trust administrator (in such capacity, the “Trust Administrator”) and U.S. Bank National Association, as trustee (including its successors in interest and any successor trustees under the Pooling Agreement, the “Trustee”). The Company hereby acknowledges and agrees that from and after the date hereof (i) the Trust will be the owner of the Mortgage Loans, (ii) the Company shall look solely to the Trust for performance of any obligations of the Assignor insofar as they relate to the enforcement of the representations, warranties and covenants with respect to the Mortgage Loans, (iii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf) shall have all the rights and remedies available to the Assignor, insofar as they relate to the Mortgage Loans, under the Purchase Agreement, including, without limitation, the enforcement of the document delivery requirements and

 


remedies with respect to breaches of representations and warranties set forth in the Purchase Agreement, and shall be entitled to enforce all of the obligations of the Company thereunder insofar as they relate to the Mortgage Loans, and (iv) all references to the Purchaser (insofar as they relate to the rights, title and interest and, with respect to obligations of the Purchaser, only insofar as they relate to the enforcement of the representations, warranties and covenants of the Company) or the Custodian under the Purchase Agreement insofar as they relate to the Mortgage Loans, shall be deemed to refer to the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf). Neither the Company nor the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter any of the terms or provisions of the Purchase Agreement which amendment, modification, waiver or other alteration would in any way affect the Mortgage Loans or the Company’s performance under the Purchase Agreement with respect to the Mortgage Loans without the prior written consent of the Trustee and the Trust Administrator.

Representations and Warranties of the Company

 

3.            The Company warrants and represents to the Assignor, the Assignee and the Trust as of the date hereof that:

(a)          Attached hereto as Exhibit B is a true and accurate copy of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;

(b)          The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;

(c)          The Company has full power and authority to execute, deliver and perform its obligations under this Agreement and has full power and authority to perform its obligations under the Purchase Agreement. The execution by the Company of this Agreement is in the ordinary course of the Company’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Company’s charter or bylaws or any legal restriction, or any material agreement or instrument to which the Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all necessary corporate action on part of the Company. This Agreement has been duly executed and delivered by the Company, and, upon the due authorization, execution and delivery by the Assignor and the Assignee, will constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law;

 

(d)

No consent, approval, order or authorization of, or declaration,

 


filing or registration with, any governmental entity is required to be obtained or made by the Company in connection with the execution, delivery or performance by the Company of this Agreement except as has already been obtained; and

(e)          There is no action, suit, proceeding or investigation pending or threatened against the Company, before any court, administrative agency or other tribunal, which would draw into question the validity of this Agreement or the Purchase Agreement, or which, either in any one instance or in the aggregate, would result in any material adverse change in the ability of the Company to perform its obligations under this Agreement or the Purchase Agreement, and the Company is solvent.

4.            Pursuant to Section 8.01(b)(iii) of the Purchase Agreement, the Company hereby represents and warrants, for the benefit of the Assignor, the Assignee and the Trust, that the representations and warranties set forth in Sections 3.01 and 3.02 of the Purchase Agreement, are true and correct as of the date hereof as if such representations and warranties were made on the date hereof.

5.            The Assignor hereby makes the following representation and warranty as of the date hereof:

(a)          Attached hereto as Exhibit B is a true and accurate copy of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;

(b)          There is no Mortgage Loan that was originated on or after March 7, 2003, which is a “high cost home loan” as defined under the Georgia Fair Lending Act;

(c)          The Servicer will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (i.e. favorable and unfavorable) on its borrower credit files to Equifax, Experian, and Trans Union Credit Information Company (three of the credit repositories), on a monthly basis; and

(d)          The Stated Principal Balance of each Group I Mortgage Loan is within Xxxxxxx Mac’s dollar amount limits for conforming one-to-four family mortgage loans.

Remedies for Breach of Representations and Warranties

 

6.            The Company hereby acknowledges and agrees that the remedies available to the Assignor, the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust’s behalf) in connection with any breach of the representations and warranties made by the Company set forth in Sections 3 and 4 hereof shall be as set forth in Subsection 3.03 of the Purchase Agreement as if they were set forth herein (including without limitation the repurchase and indemnity obligations set forth therein). The Company further acknowledges and agrees that a breach of any one of the representations set forth in Xxxxxxxx

 


0.00(xx), (xx), (xx), (xx), (xxx), (xxx), (xxx) and (ooo) of the Purchase Agreement will be deemed to materially adversely affect the interests of the certifiateholders and shall require a repurchase of the affected Mortgage Loan(s).

The Assignor hereby acknowledges and agrees that the remedies available to the Assignee and the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf) in connection with any breach of the representations and warranties made by the Assignor set forth in Section 5 hereof shall be as set forth in Section 2.03 of the Pooling Agreement as if they were set forth herein. The Assignor further acknowledges and agrees that a breach of any one of the representations set forth in Sections 5(b), (c) or (d) above will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s).

 

Miscellaneous

 

7.            This Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.

8.            No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced, with the prior written consent of the Trustee and the Trust Administrator.

9.            This Agreement shall inure to the benefit of (i) the successors and assigns of the parties hereto and (ii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf). Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder.

10.          Each of this Agreement and the Purchase Agreement shall survive the conveyance of the Mortgage Loans and the assignment of the Purchase Agreement (to the extent assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and nothing contained herein shall supersede or amend the terms of the Purchase Agreement.

11.          This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument.

12.          In the event that any provision of this Agreement conflicts with any provision of the Purchase Agreement with respect to the Mortgage Loans, the terms of this Agreement shall control.

13.          Capitalized terms used in this Agreement (including the exhibits hereto) but not defined in this Agreement shall have the meanings given to such terms in the Purchase Agreement.

[SIGNATURE PAGE FOLLOWS]

 


 

                IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first above written.

 

 

UBS REAL ESTATE SECURITIES INC.

 

 

By:

 

Name:

 

Title:

 

 

 

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

 

 

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

MILA, INC.

 

 

 

 

By:

 

Name:

 

Title:

 

 

 


 

ASSIGNMENT AND RECOGNITION AGREEMENT

THIS ASSIGNMENT AND RECOGNITION AGREEMENT, dated September 30, 2005, (“Agreement”) among UBS Real Estate Securities Inc. (“Assignor”), Mortgage Asset Securitization Transactions, Inc. (“Assignee”) and National City Mortgage Co. (the “Company”):

For and in consideration of the sum of TEN DOLLARS ($10.00) and other valuable consideration the receipt and sufficiency of which hereby are acknowledged, and of the mutual covenants herein contained, the parties hereto hereby agree as follows:

Assignment and Conveyance

 

1.            The Assignor hereby assigns to the Assignee (a) all of the right, title and interest of the Assignor, as purchaser, in, to and under, except as described below, that certain Master Seller’s Purchase, Warranties and Interim Servicing Agreement dated as of May 1, 2004 as amended by Amendment Number One dated as of April 8, 2005 (the “Purchase Agreement”), between the Assignor, as purchaser (the “Purchaser”), and the Company, as seller, solely insofar as the Purchase Agreement relates to the mortgage loans set forth on the schedule (the “Mortgage Loan Schedule”) attached hereto as Exhibit A (the “Mortgage Loans”) and (b) other than as provided below with respect to the enforcement of representations and warranties, none of the obligations of the Assignor under the Purchase Agreement.

The Assignor specifically reserves and does not assign to the Assignee hereunder any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement.

 

Recognition of the Company

 

2.            From and after the date hereof, the Company shall and does hereby recognize that (i) the Mortgage Loans will be sold to the Assignee pursuant to that certain Mortgage Loan Purchase Agreement dated as of September 30, 2005 between the Assignor and the Assignee and (ii) the Assignee will transfer the Mortgage Loans and assign its rights under the Purchase Agreement (solely to the extent set forth herein) and this Agreement to MASTR Asset Backed Securities Trust 2005-HE2 (the “Trust”) created pursuant to a Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Pooling Agreement”), among the Assignee, Xxxxx Fargo Bank, N.A. as master servicer (in such capacity, the “Master Servicer”) and trust administrator (in such capacity, the “Trust Administrator”) and U.S. Bank National Association, as trustee (including its successors in interest and any successor trustees under the Pooling Agreement, the “Trustee”). The Company hereby acknowledges and agrees that from and after the date hereof (i) the Trust will be the owner of the Mortgage Loans, (ii) the Company shall look solely to the Trust for performance of any obligations of the Assignor insofar as they relate to the enforcement of the representations, warranties and covenants with respect to the Mortgage Loans, (iii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf) shall have all the rights and remedies available to the Assignor, insofar as they relate to the Mortgage Loans, under the Purchase Agreement,

 


including, without limitation, the enforcement of the document delivery requirements and remedies with respect to breaches of representations and warranties set forth in the Purchase Agreement, and shall be entitled to enforce all of the obligations of the Company thereunder insofar as they relate to the Mortgage Loans, and (iv) all references to the Purchaser (insofar as they relate to the rights, title and interest and, with respect to obligations of the Purchaser, only insofar as they relate to the enforcement of the representations, warranties and covenants of the Company) or the Custodian under the Purchase Agreement insofar as they relate to the Mortgage Loans, shall be deemed to refer to the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf). Neither the Company nor the Assignor shall amend or agree to amend, modify, waiver, or otherwise alter any of the terms or provisions of the Purchase Agreement which amendment, modification, waiver or other alteration would in any way affect the Mortgage Loans or the Company’s performance under the Purchase Agreement with respect to the Mortgage Loans without the prior written consent of the Trustee and the Trust Administrator.

Representations and Warranties of the Company

 

3.            The Company warrants and represents to the Assignor, the Assignee and the Trust as of the date hereof that:

(a)          Attached hereto as Exhibit B is a true and accurate copy of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;

(b)          The Company is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation;

(c)          The Company has full power and authority to execute, deliver and perform its obligations under this Agreement and has full power and authority to perform its obligations under the Purchase Agreement. The execution by the Company of this Agreement is in the ordinary course of the Company’s business and will not conflict with, or result in a breach of, any of the terms, conditions or provisions of the Company’s charter or bylaws or any legal restriction, or any material agreement or instrument to which the Company is now a party or by which it is bound, or result in the violation of any law, rule, regulation, order, judgment or decree to which the Company or its property is subject. The execution, delivery and performance by the Company of this Agreement have been duly authorized by all necessary corporate action on part of the Company. This Agreement has been duly executed and delivered by the Company, and, upon the due authorization, execution and delivery by the Assignor and the Assignee, will constitute the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms except as enforceability may be limited by bankruptcy, reorganization, insolvency, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and by general principles of equity regardless of whether enforceability is considered in a proceeding in equity or at law;

 


 

(d)          No consent, approval, order or authorization of, or declaration, filing or registration with, any governmental entity is required to be obtained or made by the Company in connection with the execution, delivery or performance by the Company of this Agreement except as has already been obtained; and

(e)          There is no action, suit, proceeding or investigation pending or threatened against the Company, before any court, administrative agency or other tribunal, which would draw into question the validity of this Agreement or the Purchase Agreement, or which, either in any one instance or in the aggregate, would result in any material adverse change in the ability of the Company to perform its obligations under this Agreement or the Purchase Agreement, and the Company is solvent.

4.            Pursuant to Section 8.01(b)(iii) of the Purchase Agreement, the Company hereby represents and warrants, for the benefit of the Assignor, the Assignee and the Trust, that the representations and warranties set forth in Sections 3.01 and 3.02 of the Purchase Agreement, are true and correct as of the date hereof as if such representations and warranties were made on the date hereof.

5.            The Assignor hereby makes the following representation and warranty as of the date hereof:

(a)          Attached hereto as Exhibit B is a true and accurate copy of the Purchase Agreement, which Purchase Agreement is in full force and effect as of the date hereof and the provisions of which have not been waived, amended or modified in any respect, nor has any notice of termination been given thereunder;

(b)          There is no Mortgage Loan that was originated on or after March 7, 2003, which is a “high cost home loan” as defined under the Georgia Fair Lending Act;

(c)          The Servicer will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (i.e. favorable and unfavorable) on its borrower credit files to Equifax, Experian, and Trans Union Credit Information Company (three of the credit repositories), on a monthly basis; and

(d)          The Stated Principal Balance of each Group I Mortgage Loan is within Xxxxxxx Mac’s dollar amount limits for conforming one-to-four family mortgage loans.

Remedies for Breach of Representations and Warranties

6.            The Company hereby acknowledges and agrees that the remedies available to the Assignor, the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust’s behalf) in connection with any breach of the representations and warranties made by the Company set forth in Sections 3 and 4 hereof shall be as set forth in Subsection 3.03 of the Purchase Agreement as if they were set forth herein (including without limitation the repurchase and indemnity obligations set forth therein). The Company further acknowledges and agrees that a breach of any one of the representations set forth in Sections

 


3.02(ee), (pp), (uu), (vv), (ccc), (ggg), (vvv) and (yyy) of the Purchase Agreement will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s).

The Assignor hereby acknowledges and agrees that the remedies available to the the Assignee and the Trust (including the Trustee and the Master Servicer acting on the Trust’s behalf) in connection with any breach of the representations and warranties made by the Assignor set forth in Section 5 hereof shall be as set forth in Section 2.03 of the Pooling and Servicing Agreement as if they were set forth herein (including without limitation the repurchase obligations set forth therein). The Assignor hereby acknowledges and agrees that a breach of any one of the representations set forth in Sections 5(b), (c) or (d) above will be deemed to materially adversely affect the interests of the certificateholders and shall require a repurchase of the affected Mortgage Loan(s).

Miscellaneous

 

7.            This Agreement shall be construed in accordance with the laws of the State of New York, without regard to conflicts of law principles, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.

8.            No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced, with the prior written consent of the Trustee and the Trust Administrator.

9.            This Agreement shall inure to the benefit of (i) the successors and assigns of the parties hereto and (ii) the Trust (including the Trustee, the Trust Administrator and the Master Servicer acting on the Trust’s behalf). Any entity into which Assignor, Assignee or Company may be merged or consolidated shall, without the requirement for any further writing, be deemed Assignor, Assignee or Company, respectively, hereunder.

10.          Each of this Agreement and the Purchase Agreement shall survive the conveyance of the Mortgage Loans and the assignment of the Purchase Agreement (to the extent assigned hereunder) by Assignor to Assignee and by Assignee to the Trust and nothing contained herein shall supersede or amend the terms of the Purchase Agreement.

11.          This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original and all such counterparts shall constitute one and the same instrument.

12.          In the event that any provision of this Agreement conflicts with any provision of the Purchase Agreement with respect to the Mortgage Loans, the terms of this Agreement shall control.

13.          Capitalized terms used in this Agreement (including the exhibits hereto) but not defined in this Agreement shall have the meanings given to such terms in the Purchase Agreement.

[SIGNATURE PAGE FOLLOWS]

 


 

                IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date first above written.

 

UBS REAL ESTATE SECURITIES INC.

 

 

By:

 

Name:

 

Title:

 

 

 

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

 

 

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

NATIONAL CITY MORTGAGE CO.

 

 

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

 

 


 

 

 

EXHIBIT A

 

Mortgage Loan Schedule

 

(Available Upon Request)

 


 

EXHIBIT B

 

Purchase Agreement

 

(Available Upon Request)

 

 

 


 

EXHIBIT D-2

FORM OF MORTGAGE LOAN PURCHASE AGREEMENT

 


 

MORTGAGE LOAN PURCHASE AGREEMENT

This is a Mortgage Loan Purchase Agreement (this “Agreement”), dated September 30, 2005, between UBS Real Estate Securities Inc., a Delaware corporation (the “Seller”) and Mortgage Asset Securitization Transactions, Inc., a Delaware corporation (the “Purchaser”).

Preliminary Statement

The Seller intends to sell certain mortgage loans (as hereinafter identified) originated by Equity Financial Group and Lancaster Mortgage Bankers (the “Mortgage Loans”) 0and the Interest Rate Swap Agreement to the Purchaser on the terms and subject to the conditions set forth in this Agreement. The Purchaser intends to deposit the Mortgage Loans into a mortgage pool comprising the Trust Fund. The Trust Fund will be evidenced by a single series of mortgage pass-through certificates designated as Series 2005-HE2 (the “Certificates”). The Certificates will consist of twenty classes of certificates: the Class A-1, Class A-2, Class X-0, Xxxxx X-0, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates (collectively, the “Underwritten Certificates”) and the Class M-11, Class CE, Class P, Class R and Class R-X Certificates. The Certificates will be issued pursuant to a Pooling and Servicing Agreement for Series 2005-HE2, dated as of September 1, 2005 (the “Pooling and Servicing Agreement”), among the Purchaser as depositor, Xxxxx Fargo Bank, N.A. as master servicer and trust administrator (in such capacity, the “Master Servicer” and “Trust Administrator”) and U.S. Bank National Association as trustee (the “Trustee”). Capitalized terms used but not defined herein shall have the meanings set forth in the Pooling and Servicing Agreement.

The parties hereto agree as follows:

SECTION 1. Agreement to Purchase. The Seller agrees to sell and the Purchaser agrees to purchase, on or before September 30, 2005 (the “Closing Date”), certain fixed-rate and adjustable-rate conventional, one- to four-family, residential mortgage loans (the “Mortgage Loans”), having an aggregate principal balance as of the close of business on September 1, 2005, (the “Cut-off Date”) of approximately $540,174,858.25 (the “Closing Balance”), after giving effect to all payments due on the Mortgage Loans on or before the Cut-off Date, whether or not received including the right to any Prepayment Charges payable by the related Mortgagors in connection with any Principal Prepayments on the Mortgage Loans. In addition to the sale of the Mortgage Loans, the Seller will cause the Interest Rate Swap Agreement to be transferred to the Purchaser.

SECTION 2. Mortgage Loan Schedule. The Purchaser and the Seller have agreed upon which of the mortgage loans owned by the Seller are to be purchased by the Purchaser pursuant to this Agreement and the Seller will prepare or cause to be prepared on or prior to the Closing Date a final schedule (the “Closing Schedule”) that shall describe such Mortgage Loans and set forth all of the Mortgage Loans to be purchased under this Agreement, including the Prepayment Charges. The Closing Schedule will conform to the requirements set forth in this Agreement and to the definitions of “Mortgage Loan Schedule” and “Prepayment Charge Schedule” under the Pooling and Servicing Agreement, it being understood that for

 


purposes of this Agreement, “Mortgage Loan Schedule” shall refer to the schedule delivered by each originator to the Seller. The Closing Schedule shall be used as the Mortgage Loan Schedule and Prepayment Charge Schedule under the Pooling and Servicing Agreement.

SECTION 3. Consideration.

(a)          In consideration for the Mortgage Loans to be purchased hereunder, the Purchaser shall, as described in Section 8, pay to or upon the order of the Seller in immediately available funds an amount (the “Mortgage Loan Purchase Price”) equal to the net sale proceeds of the Offered Certificates and the Class M-11 Certificates and (ii) a 100% interest in the Class CE, Class P, Class R and Class R-X Certificates.

(b)          The Purchaser or any assignee, transferee or designee of the Purchaser shall be entitled to all scheduled payments of principal due after the Cut-off Date, all other payments of principal due and collected after the Cut-off Date, and all payments of interest on the Mortgage Loans allocable to the period after the Cut-off Date. All scheduled payments of principal and interest due on or before the Cut-off Date and collected after the Cut-off Date shall belong to the Seller.

(c)          Pursuant to the Pooling and Servicing Agreement, the Purchaser will assign all of its right, title and interest in and to the Mortgage Loans, together with its rights under this Agreement, to the Trust Administrator for the benefit of the Certificateholders.

SECTION 4. Transfer of the Mortgage Loans.

(a)          Possession of Mortgage Files. The Seller does hereby sell, transfer, assign, set over and convey to the Purchaser, without recourse but subject to the terms of this Agreement, all of its right, title and interest in, to and under the Mortgage Loans, including the related Prepayment Charges. The contents of each Mortgage File not delivered to the Purchaser or to any assignee, transferee or designee of the Purchaser on or prior to the Closing Date are and shall be held in trust by the Seller for the benefit of the Purchaser or any assignee, transferee or designee of the Purchaser. Upon the sale of the Mortgage Loans, the ownership of each Mortgage Note, the related Mortgage and the other contents of the related Mortgage File is vested in the Purchaser and the ownership of all records and documents with respect to the related Mortgage Loan prepared by or that come into the possession of the Seller on or after the Closing Date shall immediately vest in the Purchaser and shall be delivered immediately to the Purchaser or as otherwise directed by the Purchaser.

(b)          Delivery of Mortgage Loan Documents. The Seller will, on or prior to the Closing Date, deliver or cause to be delivered to the Purchaser or any assignee, transferee or designee of the Purchaser each of the following documents for each Mortgage Loan:

(i)           the original Mortgage Note, endorsed in blank or in the following form: “Pay to the order of U.S. Bank National Association, as Trustee under the applicable agreement, without recourse,” with all prior and intervening endorsements showing a complete chain of endorsement from the originator to the Person so endorsing to the Trustee;

 


 

(ii)          the original Mortgage, noting the presence of the MIN of the Mortgage Loan and language indicating that the Mortgage Loan is a MOM Loan if the Mortgage Loan is a MOM Loan, with evidence of recording thereon, and the original recorded power of attorney, if the Mortgage was executed pursuant to a power of attorney, with evidence of recording thereon;

(iii)        unless the Mortgage Loan is registered on the MERS® System, an original Assignment in blank;

(iv)         the original recorded Assignment or Assignments showing a complete chain of assignment from the originator to the Person assigning the Mortgage to the Trustee (or to MERS, if the Mortgage Loan is registered on the MERS® System and noting the presence of the MIN) as contemplated by the immediately preceding clause (iii);

(v)          the original or copies of each assumption, modification, written assurance or substitution agreement, if any; and

(vi)         the original lender’s title insurance policy, together with all endorsements or riders that were issued with or subsequent to the issuance of such policy, insuring the priority of the Mortgage as a first or second lien on the Mortgaged Property represented therein as a fee interest vested in the Mortgagor, or in the event such original title policy is unavailable, a written commitment or uniform binder or preliminary report of title issued by the title insurance or escrow company.

With respect to a maximum of approximately 1.0% of the Mortgage Loans, by outstanding principal balance of the Mortgage Loans as of the Cut-off Date, if any original Mortgage Note referred to in Section 4(b)(i) above cannot be located, the obligations of the Seller to deliver such documents shall be deemed to be satisfied upon delivery to the Purchaser of a photocopy of such Mortgage Note, if available, with a lost note affidavit substantially in the form of Exhibit I attached to the Pooling and Servicing Agreement. If any of the original Mortgage Notes for which a lost note affidavit was delivered to the Purchaser is subsequently located, such original Mortgage Note shall be delivered to the Purchaser within three Business Days.

Except with respect to any Mortgage Loan for which MERS is identified on the Mortgage or on a properly recorded assignment of the Mortgage as the mortgagee of record, the Seller shall promptly (within sixty Business Days following the later of the Closing Date and the date of receipt by the Seller of the recording information for a Mortgage, but in no event later than ninety days following the Closing Date) submit or cause to be submitted for recording, at no expense to the Purchaser, in the appropriate public office for real property records, each Assignment referred to in Section 4(b)(iii) and (iv) above and in connection therewith, the Seller shall execute, or cause to be executed, each original Assignment in the following form: “Xxxxx Fargo Bank, N.A., as Trust Administrator under the Pooling and Servicing Agreement.” In the event that any such Assignment is lost or returned unrecorded because of a defect therein, the Seller shall promptly prepare or cause to be prepared a substitute Assignment or cure or cause to

 


be cured such defect, as the case may be, and thereafter cause each such Assignment to be duly recorded.

In connection with the assignment of any Mortgage Loan registered on the MERS® System, the Seller further agrees that it will cause, within 30 Business Days after the Closing Date, the MERS® System to indicate that such Mortgage Loans have been assigned by the Purchaser to the Trust Administrator in accordance with the Pooling and Servicing Agreement for the benefit of the Certificateholders by including in such computer files (a) the code in the field which identifies the specific Trustee and (b) the code in the field “Pool Field” which identifies the series of the Certificates issued in connection with such Mortgage Loans.

If any of the documents referred to in Sections 4(b)(ii), (iii) or (iv) above has, as of the Closing Date, been submitted for recording but either (x) has not been returned from the applicable public recording office or (y) has been lost or such public recording office has retained the original of such document, the obligations of the Seller to deliver such documents shall be deemed to be satisfied upon (1) delivery to the Purchaser of a copy of each such document certified by the related originator or the Seller in the case of (x) above or the applicable public recording office in the case of (y) above to be a true and complete copy of the original that was submitted for recording and (2) if such copy is certified by the related originator or the Seller, delivery to the Purchaser promptly upon receipt thereof of either the original or a copy of such document certified by the applicable public recording office to be a true and complete copy of the original. The Seller shall provide notice to the Trust Administrator and the Rating Agencies if delivery pursuant to clause (2) above will be made more than 180 days after the Closing Date.

If the original lender’s title insurance policy was not delivered pursuant to Section 4(b)(vi) above, the Seller shall deliver or cause to be delivered to the Purchaser, promptly after receipt thereof, the original lender’s title insurance policy. The Seller shall deliver or cause to be delivered to the Purchaser promptly upon receipt thereof any other original documents constituting a part of a Mortgage File received with respect to any Mortgage Loan, including, but not limited to, any original documents evidencing an assumption or modification of any Mortgage Loan.

Each original document relating to a Mortgage Loan which is not delivered to the Purchaser or its assignee, transferee or designee, if held by the Seller, shall be so held for the benefit of the Purchaser, its assignee, transferee or designee.

(c)          Acceptance of Mortgage Loans. The documents delivered pursuant to Section 4(b) hereof shall be reviewed by the Purchaser or any assignee, transferee or designee of the Purchaser at any time before or after the Closing Date (and with respect to each document permitted to be delivered after the Closing Date, within seven days of its delivery) to ascertain that all required documents have been executed and received and that such documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule.

(d)          Transfer of Interest in Agreements. The Purchaser has the right to assign its interest under this Agreement, in whole or in part, to the Trust Administrator, as may be required to effect the purposes of the Pooling and Servicing Agreement, without the consent of

 


the Seller, and the assignee shall succeed to the rights and obligations hereunder of the Purchaser. Any expense reasonably incurred by or on behalf of the Purchaser or the Trust Administrator in connection with enforcing any obligations of the Seller under this Agreement will be promptly reimbursed by the Seller.

(e)          Examination of Mortgage Files. Prior to the Closing Date, the Seller shall either (i) deliver in escrow to the Purchaser, or to any assignee, transferee or designee of the Purchaser for examination, the Mortgage File pertaining to each Mortgage Loan or (ii) make such Mortgage Files available to the Purchaser or to any assignee, transferee or designee of the Purchaser for examination. Such examination may be made by the Purchaser or the Trust Administrator, and their respective designees, upon reasonable notice to the Seller during normal business hours before the Closing Date and within 60 days after the Closing Date. If any such person makes such examination prior to the Closing Date and identifies any Mortgage Loans that do not conform to the requirements of the Purchaser as described in this Agreement, such Mortgage Loans shall be deleted from the Closing Schedule. The Purchaser may, at its option and without notice to the Seller, purchase all or part of the Mortgage Loans without conducting any partial or complete examination. The fact that the Purchaser or any person has conducted or has failed to conduct any partial or complete examination of the Mortgage Files shall not affect the rights of the Purchaser or any assignee, transferee or designee of the Purchaser to demand repurchase or other relief as provided herein or under the Pooling and Servicing Agreement.

SECTION 5. Representations, Warranties and Covenants of the Seller.

The Seller hereby represents and warrants to the Purchaser, as of the date hereof and as of the Closing Date, and covenants, that:

(a)          The Seller is duly organized, validly existing and in good standing as a corporation under the laws of the State of Delaware with full corporate power and authority to conduct its business as presently conducted by it to the extent material to the consummation of the transactions contemplated herein. The Seller has the full corporate power and authority to own the Mortgage Loans and to transfer and convey the Mortgage Loans to the Purchaser and has the full corporate power and authority to execute and deliver, engage in the transactions contemplated by, and perform and observe the terms and conditions of this Agreement.

(b)          The Seller has duly authorized the execution, delivery and performance of this Agreement, has duly executed and delivered this Agreement, and this Agreement, assuming due authorization, execution and delivery by the Purchaser, constitutes a legal, valid and binding obligation of the Seller, enforceable against it in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency or reorganization or by general principles of equity.

(c)          The execution, delivery and performance of this Agreement by the Seller (x) does not conflict and will not conflict with, does not breach and will not result in a breach of and does not constitute and will not constitute a default (or an event, which with notice or lapse of time or both, would constitute a default) under (A) any terms or provisions of the articles of incorporation or by-laws of the Seller, (B) any term or provision of any material agreement, contract, instrument or indenture, to which the Seller is a party or by which the Seller or any of

 


its property is bound or (C) any law, rule, regulation, order, judgment, writ, injunction or decree of any court or governmental authority having jurisdiction over the Seller or any of its property and (y) does not create or impose and will not result in the creation or imposition of any lien, charge or encumbrance which would have a material adverse effect upon the Mortgage Loans or any documents or instruments evidencing or securing the Mortgage Loans.

(d)          No consent, approval, authorization or order of, registration or filing with, or notice on behalf of the Seller to any governmental authority or court is required, under federal laws or the laws of the State of Delaware, for the execution, delivery and performance by the Seller of, or compliance by the Seller with, this Agreement or the consummation by the Seller of any other transaction contemplated hereby and by the Pooling and Servicing Agreement; provided, however, that the Seller makes no representation or warranty regarding federal or state securities laws in connection with the sale or distribution of the Certificates.

(e)          This Agreement does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements contained herein not misleading. The written statements, reports and other documents prepared and furnished or to be prepared and furnished by the Seller pursuant to this Agreement or in connection with the transactions contemplated hereby taken in the aggregate do not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements contained therein not misleading.

(f)           The Seller is not in violation of, and the execution and delivery of this Agreement by the Seller and its performance and compliance with the terms of this Agreement will not constitute a violation with respect to, any order or decree of any court or any order or regulation of any federal, state, municipal or governmental agency having jurisdiction over the Seller or its assets, which violation might have consequences that would materially and adversely affect the condition (financial or otherwise) or the operation of the Seller or its assets or might have consequences that would materially and adversely affect the performance of its obligations and duties hereunder.

(g)          The Seller does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Agreement.

(h)          Immediately prior to the sale of the Mortgage Loans to the Purchaser as herein contemplated, the Seller will be the owner of the related Mortgage and the indebtedness evidenced by the related Mortgage Note, and, upon the payment to the Seller of the Mortgage Loan Purchase Price, the Purchaser shall have good and marketable title to each Mortgage Loan, each related Mortgage Note and the related Mortgage Files with respect thereto free and clear of all liens, pledges, charges, claims security interests, participations and other encumbrances.

(i)           There are no actions or proceedings against, or investigations known to it of, the Seller before any court, administrative or other tribunal (A) that might prohibit its entering into this Agreement, (B) seeking to prevent the sale of the Mortgage Loans by the Seller or the consummation of the transactions contemplated by this Agreement or (C) that might prohibit or materially and adversely affect the performance by the Seller of its obligations under, or validity or enforceability of, this Agreement.

 


 

(j)           The consummation of the transactions contemplated by this Agreement are in the ordinary course of business of the Seller, and the transfer, assignment and conveyance of the Mortgage Notes and the Mortgages by the Seller are not subject to the bulk transfer or any similar statutory provisions.

(k)          The Seller has not dealt with any broker, investment banker, agent or other person, except for the Purchaser or any of its affiliates, that may be entitled to any commission or compensation in connection with the sale of the Mortgage Loans (except that an entity that previously financed the Seller’s ownership of the Mortgage Loans may be entitled to a fee to release its security interest in the Mortgage Loans, which fee shall have been paid and which security interest shall have been released on or prior to the Closing Date).

(l)           There is no litigation currently pending or, to the best of the Seller’s knowledge without independent investigation, threatened against the Seller that would reasonably be expected to adversely affect the transfer of the Mortgage Loans, the issuance of the Certificates or the execution, delivery, performance or enforceability of this Agreement, or that would result in a material adverse change in the financial condition of the Seller.

(m)         As of the Closing Date, the Seller has no knowledge of any circumstances or condition with respect to the Mortgaged Property, the Mortgagor, the Mortgagor’s credit standing or the Mortgage that can reasonably be expected to cause the Mortgage Loan to be an unacceptable investment, cause the Mortgage Loan to become delinquent, or adversely affect the value of the Mortgage Loan.                 

SECTION 6. Representations and Warranties of the Seller Relating to the Mortgage Loans.

The Seller hereby represents and warrants to the Purchaser that as to each Mortgage Loan as of the Closing Date:

(a)          The information set forth in the Mortgage Loan Schedule is complete, true and correct in all material respects;

(b)          The Mortgage creates a (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated to be a first lien (as reflected on the Mortgage Loan Schedule) or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated to be a second lien (as reflected on the Mortgage Loan Schedule), in either case, in the related Mortgaged Property securing the related Mortgage Note;

(c)          The Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds from a party other than the owner of the Mortgaged Property subject to the Mortgage, directly or indirectly, for the payment of any amount required by the Mortgage Loan;

(d)          All taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or escrow funds have been established in an amount sufficient to pay for

 


every such escrowed item which remains unpaid and which has been assessed but is not yet due and payable;

(e)          The terms of the Mortgage Note and the Mortgage have not been impaired, waived, altered or modified in any respect, except by written instruments which have been recorded to the extent any such recordation is required by law. No instrument of waiver, alteration or modification has been executed, and no Mortgagor has been released, in whole or in part, from the terms thereof except in connection with an assumption agreement and which assumption agreement is part of the Mortgage File and the terms of which are reflected in the related Mortgage Loan Schedule; the substance of any such waiver, alteration or modification has been approved by the issuer of any related title insurance policy, to the extent required by the related policy.

(f)           The Mortgage Note and the Mortgage are not subject to any right of rescission, set off, counterclaim or defense, including, without limitation, the defense of usury. The operation of any of the terms of the Mortgage Note or the Mortgage, or the exercise of any right thereunder, shall not render the Mortgage Note or Mortgage unenforceable, in whole or in part (except as such enforceability may be limited by bankruptcy, insolvency, moratorium, reorganization and similar laws), or render the Mortgage Note or Mortgage subject to any right of rescission, set off, counterclaim or defense, including the defense of usury, and no such right of rescission, set off, counterclaim or defense has been asserted with respect thereto; and the Mortgagor was not a debtor in any state or federal bankruptcy or insolvency proceeding at the time the Mortgage Loan was originated;

(g)          All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer generally acceptable to prudent lenders in the secondary mortgage market, against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is located, in an amount representing coverage not less than the lesser of (i) the maximum insurable value of the improvements securing such Mortgage Loans, and (ii) the greater of (a) either (1) the outstanding principal balance of the Mortgage Loan with respect to each Mortgage Loan which is indicated to be a first lien (as reflected on the Mortgage Loan Schedule) or (2) with respect to each second lien Mortgage Loan, the sum of the outstanding principal balance of the first lien on such Mortgage Loan and the outstanding principal balance of such second lien Mortgage Loan, and (b) an amount such that the proceeds thereof shall be sufficient to prevent the Mortgagor and/or the mortgagee from becoming a co-insurer, but in no event greater than the maximum amount permitted under applicable law. All such standard hazard policies are in full force and effect and on the date of origination contained a standard mortgagee clause naming the related originator and its successors in interest and assigns as loss payee and such clause is still in effect and all premiums due thereon have been paid. If required by the Flood Disaster Protection Act of 1973, as amended, the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration which policy is generally acceptable to prudent lenders in the secondary mortgage market, in an amount not less than the amount required by the Flood Disaster Protection Act of 1973, as amended. Such policy was issued by an insurer generally acceptable to prudent lenders in the secondary mortgage market. The Mortgage obligates the Mortgagor thereunder to maintain all such insurance at the Mortgagor’s cost and expense, and upon the Mortgagor’s failure to do so, authorizes the holder

 


of the Mortgage to maintain such insurance at the Mortgagor’s cost and expense and to seek reimbursement therefor from the Mortgagor;

(h)          Any and all requirements of any federal, state or local law including, without limitation, usury, truth in lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, fair housing, predatory and abusive lending, or disclosure laws applicable to the Mortgage Loan have been complied with in all material respects;

(i)           The Mortgage has not been satisfied, canceled or subordinated (other than the subordination of any second lien Mortgage Loan to the related first lien), in whole or in part, or rescinded, and the Mortgaged Property has not been released from the lien of the Mortgage, in whole or in part nor has any instrument been executed that would effect any such release, cancellation, subordination or rescission. The related originator has not waived the performance by the Mortgagor of any action, if the Mortgagor’s failure to perform such action would cause the Mortgage Loan to be in default, nor has such originator waived any default resulting from any action or inaction by the Mortgagor;

(j)           The related Mortgage is a valid, subsisting, enforceable and perfected (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated to be a first lien (as reflected on the Mortgage Loan Schedule), or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated to be a second lien Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case, on the Mortgaged Property including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems affixed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing securing the Mortgage Note’s original principal balance. The Mortgage and the Mortgage Note do not contain any evidence of any security interest or other interest or right thereto. Such lien is free and clear of all adverse claims, liens and encumbrances having priority over the first lien of the Mortgage subject only to (1) the lien of non delinquent current real property taxes and assessments not yet due and payable, (2) covenants, conditions and restrictions, rights of way, easements and other matters of the public record as of the date of recording which are acceptable to mortgage lending institutions generally and either (A) which are referred to or otherwise considered in the appraisal made for the originator of the Mortgage Loan, or (B) which do not adversely affect the appraised value of the Mortgaged Property as set forth in such appraisal, (3) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by the Mortgage or the use, enjoyment, value or marketability of the related Mortgaged Property and (4) with respect to each Mortgage Loan which is indicated to be a second lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) a first lien on the Mortgaged Property. Any security agreement, chattel mortgage or equivalent document related to and delivered in connection with the Mortgage Loan establishes and creates a valid, subsisting, enforceable and perfected (A) first lien and first priority security interest with respect to each Mortgage Loan which is indicated to be a first lien (as reflected on the Mortgage Loan Schedule), or (B) second lien and second priority security interest with respect to each Mortgage Loan which is indicated to be a second lien Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case, on the property described therein;

 


 

(k)          The Mortgage Note and the related Mortgage are original and genuine and each is the legal, valid and binding obligation of the maker thereof, enforceable in all respects in accordance with its terms subject to bankruptcy, insolvency, moratorium, reorganization and other laws of general application affecting the rights of creditors and by general equitable principles. All parties to the Mortgage Note and the Mortgage had the legal capacity to enter into the Mortgage Loan and to execute and deliver the Mortgage Note and the Mortgage. The Mortgage Note and the Mortgage have been duly and properly executed by such parties. No fraud, error, omission, misrepresentation, negligence or similar occurrence with respect to a Mortgage Loan has taken place on the part of the related originator or the Mortgagor, or, on the part of any other party involved in the origination of the Mortgage Loan. The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder, and any and all requirements as to completion of any on site or off site improvements and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid or are in the process of being paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage;

(l)           Each Mortgage Loan is covered by an ALTA lender’s title insurance policy issued by a title insurer generally acceptable to prudent lenders in the secondary mortgage market and qualified to do business in the jurisdiction where the Mortgaged Property is located, insuring (subject to the exceptions contained in (j)(1), (2) and (3) above and, with respect to each Mortgage Loan which is indicated to be a second lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) clause (4)) the related originator, its successors and assigns, as to the first (or, where applicable, second) priority lien of the Mortgage in the original principal amount of the Mortgage Loan and, with respect to each Adjustable Rate Mortgage Loan, against any loss by reason of the invalidity or unenforceability of the lien resulting from the provisions of the Mortgage providing for adjustment in the Mortgage Rate and Monthly Payment. Additionally, such policy affirmatively insures ingress and egress to and from the Mortgaged Property. Where required by applicable state law or regulation, the Mortgagor has been given the opportunity to choose the carrier of the required mortgage title insurance. The related originator, its successors and assigns, are the sole insureds of such lender’s title insurance policy, such title insurance policy has been duly and validly endorsed to the Seller or the assignment to the Seller of the related originator’s interest therein does not require the consent of or notification to the insurer and such lender’s title insurance policy is in full force and effect and will be in full force and effect upon the consummation of the transactions contemplated by this Agreement. No claims have been made under such lender’s title insurance policy, and no prior holder of the related Mortgage, including the related originator, has done, by act or omission, anything which would impair the coverage of such lender’s title insurance policy;

(m)         There is no default, breach, violation or event of acceleration existing under the Mortgage or the related Mortgage Note and no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event permitting acceleration; and neither the related originator nor any prior mortgagee has waived any default, breach, violation or event permitting acceleration. With respect to each Mortgage Loan which is indicated to be a second lien Mortgage Loan (as reflected on the Mortgage Loan Schedule) (i) the first lien is in full force and effect, (ii) there is no default, breach, violation or event of acceleration existing under such first lien mortgage or

 


the related mortgage note, (iii) other than with respect to a delinquent Monthly Payment of which the Due Date was the related Cut-off Date, to the best of the Seller’s knowledge, no event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach, violation or event of acceleration thereunder, and either (A) the first lien mortgage contains a provision which allows or (B) applicable law requires, the mortgagee under the second lien Mortgage Loan to receive notice of, and affords such mortgagee an opportunity to cure any default by payment in full or otherwise under the first lien mortgage;

(n)          Other than liens covered by the related title insurance policy, there are no mechanics’ or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding that under law could give rise to such liens) affecting the related Mortgaged Property which are or may be liens prior to or equal to the lien of the related Mortgage;

(o)          All improvements subject to the Mortgage which were considered in determining the Appraised Value of the Mortgaged Property lie wholly within the boundaries and building restriction lines of the Mortgaged Property (and wholly within the project with respect to a condominium unit). No improvements on adjoining properties encroach upon the Mortgaged Property except those which are insured against by the title insurance policy referred to in clause (m) above and all improvements on the property comply with all applicable zoning and subdivision laws and ordinances;

(p)          The Mortgage Loan was originated by or for the related originator. The Mortgage Loan complies with all the terms, conditions and requirements of the related originator’s underwriting standards in effect at the time of origination of such Mortgage Loan. The Mortgage Notes and Mortgages (exclusive of any riders) are on forms generally acceptable to Xxxxxx Xxx or Xxxxxxx Mac. The Mortgage Loan bears interest at the Mortgage Rate set forth in the related Mortgage Loan Schedule, and Monthly Payments under the Mortgage Note are due and payable on the first day of each month. The Mortgage contains the usual and enforceable provisions of the originator at the time of origination for the acceleration of the payment of the unpaid principal amount of the Mortgage Loan if the related Mortgaged Property is sold without the prior consent of the mortgagee thereunder;

(q)          The Mortgaged Property is not subject to any material damage by waste, fire, earthquake, windstorm, flood or other casualty. At origination of the Mortgage Loan there was, and there currently is, no proceeding pending for the total or partial condemnation of the Mortgaged Property. There have not been any condemnation proceedings with respect to the Mortgaged Property and, to the best of the Seller’s knowledge, there are no such proceedings scheduled to commence at a future date;

(r)           The related Mortgage contains customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for the realization against the Mortgaged Property of the benefits of the security provided thereby. There is no homestead or other exemption available to the Mortgagor which would interfere with the right to sell the Mortgaged Property at a trustee’s sale or the right to foreclose the Mortgage;

 


 

(s)           If the Mortgage constitutes a deed of trust, a trustee, authorized and duly qualified if required under applicable law to act as such, has been properly designated and currently so serves and is named in the Mortgage, and no fees or expenses are or will become payable by the Purchaser to the trustee under the deed of trust, except in connection with a trustee’s sale or attempted sale after default by the Mortgagor;

(t)           The Mortgage File contains an appraisal of the related Mortgaged Property signed prior to the final approval of the mortgage loan application by a Qualified Appraiser, who had no interest, direct or indirect, in the Mortgaged Property or in any loan made on the security thereof, and whose compensation is not affected by the approval or disapproval of the Mortgage Loan, and the appraisal and appraiser both satisfy the requirements Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, and the regulations promulgated thereunder, all as in effect on the date the Mortgage Loan was originated. The appraisal is in a form acceptable to Xxxxxx Mae or Xxxxxxx Mac;

(u)          All parties which have had any interest in the Mortgage, whether as mortgagee, assignee, pledgee or otherwise, are (or, during the period in which they held and disposed of such interest, were) (A) in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property is located, and (B) (1) organized under the laws of such state, or (2) qualified to do business in such state, or (3) federal savings and loan associations or national banks or a Federal Home Loan Bank or savings bank having principal offices in such state, or (4) not doing business in such state;

(v)          The related Mortgage Note is not and has not been secured by any collateral except the lien of the corresponding Mortgage and the security interest of any applicable security agreement or chattel mortgage referred to in (j) above and such collateral does not serve as security for any other obligation;

(w)         The Mortgagor has received all disclosure materials required by applicable law with respect to the making of such mortgage loans;

(x)          The Mortgage Loan does not contain “graduated payment” features and does not have a shared appreciation or other contingent interest feature; no Mortgage Loan contains any buydown provisions;

 

(y)

[Reserved.]

(z)          Other than with respect to Mortgage Loans identified on the Mortgage Loan Schedule as interest-only Mortgage Loans, (i) principal payments on the Mortgage Loan commenced no more than sixty (60) days after the funds were disbursed in connection with the Mortgage Loan and (ii) each Mortgage Note requires a monthly payment which is sufficient to fully amortize the original principal balance over the original term thereof and to pay interest at the related Mortgage Rate. With respect to each Mortgage Loan identified on the Mortgage Loan Schedule as an interest-only Mortgage Loan, (i) payments on the Mortgage Loan commenced no more than sixty (60) days after the funds were distributed in connection with the Mortgage Loan, (ii) the interest-only period shall not exceed the interest-only period set forth on the Mortgage Loan Schedule and (iii) following the expiration of such interest-only period, the

 


remaining Monthly Payments shall be sufficient to fully amortize the original principal balance over the remaining term of the Mortgage Loan. Each Mortgage Loan has an original term to maturity of not more than 30 years, with interest payable in arrears on the first day of each month. No Mortgage Loan contains terms or provisions which would result in negative amortization;

 

(aa)

No Mortgage Loan is subject to a lender-paid mortgage insurance policy;

(bb)        As to any Mortgage Loan which is not a MERS Mortgage Loan, the Assignment of Mortgage is in recordable form and is acceptable for recording under the laws of the jurisdiction in which the Mortgaged Property is located;

(cc)        The Mortgaged Property is located in the state identified in the related Mortgage Loan Schedule and consists of a single parcel of real property with a detached single family residence erected thereon, or a townhouse, or a two-to four-family dwelling, or an individual condominium unit in a condominium project, or an individual unit in a planned unit development or a de minimis planned unit development, provided, however, that no residence or dwelling is a single parcel of real property with a cooperative housing corporation erected thereon, or a mobile home. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date or origination no portion of the Mortgaged Property has been used for commercial purposes;

(dd)        Except as set forth on the Mortgage Loan Schedule, none of the Mortgage Loans are subject to a Prepayment Charge. For any Mortgage Loan originated prior to October 1, 2002 that is subject to a Prepayment Charge, such Prepayment Charge does not extend beyond five years after the date of origination. For any Mortgage Loan originated on or following October 1, 2002 that is subject to a Prepayment Charge, such Prepayment Charge does not extend beyond three years after the date of origination. Any such Prepayment Charge is enforceable and was originated in compliance with all applicable federal, state, and local laws (except to the extent that the enforceability thereof may be limited by bankruptcy, insolvency, moratorium, receivership and other similar laws affecting creditor's rights generally or the collectability thereof may be limited due to acceleration in connection with a foreclosure);

(ee)        The Mortgaged Property is lawfully occupied under applicable law, and all inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities;

(ff)         If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development), such condominium or planned unit development project is generally acceptable to prudent lenders in the secondary mortgage market and meets the eligibility requirements of the related originator’s underwriting guidelines;

(gg)        There is no pending action or proceeding directly involving the Mortgaged Property in which compliance with any environmental law, rule or regulation is an issue; there is no violation of any environmental law, rule or regulation with respect to the Mortgaged Property;

 


and, to the best of Seller’s knowledge, nothing further remains to be done to satisfy in full all requirements of each such law, rule or regulation constituting a prerequisite to use and enjoyment of said property;

(hh)        Except with respect to one Mortgage Loan,  the Mortgagor has not notified the related originator requesting relief under the Servicemembers Civil Relief Act, and the related originator has no knowledge of any relief requested or allowed to the Mortgagor under the Servicemembers’ Civil Relief Act;

(ii)          No Mortgage Loan was in construction or rehabilitation status or has facilitated the trade-in or exchange of a Mortgaged Property;

(jj)          No action has been taken or failed to be taken on or prior to the Closing Date which has resulted or will result in an exclusion from, denial of, or defense to coverage under any insurance policy related to a Mortgage Loan (including, without limitation, any exclusions, denials or defenses which would limit or reduce the availability of the timely payment of the full amount of the loss otherwise due thereunder to the insured) whether arising out of actions, representations, errors, omissions, negligence, or fraud, or for any other reason under such coverage;

(kk)        With respect to any Mortgage Loan as to which an affidavit has been delivered to the Purchaser certifying that the original Mortgage Note has been lost or destroyed and not been replaced, if such Mortgage Loan is subsequently in default, the enforcement of such Mortgage Loan will not be materially adversely affected by the absence of the original Mortgage Note;

(ll)          Each Mortgage Loan constitutes a qualified mortgage under Section 860G(a)(3)(A) of the Code and Treasury Regulations Section 1.860G-2(a)(1);

(mm)     No Mortgage Loan had a Loan-to-Value Ratio or combined Loan-to-Value Ratio at the time of origination in excess of the applicable percentages set forth in the Mortgage Loan Schedule or on the exhibits attached thereto and in no event was the Loan-to-Value Ratio or Combined Loan-to-Value Ratio more than 100%;

(nn)        No Mortgage Loan is subject to the requirements of the Home Ownership and Equity Protection Act of 1994 (“HOEPA”) and no Mortgage Loan is in violation of any state law or ordinance similar to HOEPA;

(oo)        Any principal advances made to the Mortgagor prior to the Closing Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having (A) first lien priority with respect to each Mortgage Loan which is indicated to be a first lien (as reflected on the Mortgage Loan Schedule), or (B) second lien priority with respect to each Mortgage Loan indicated to be a second lien Mortgage Loan (as reflected on the Mortgage Loan Schedule), in either case, by a title insurance policy, an endorsement to the policy insuring the mortgagee’s consolidated interest or by other title evidence generally acceptable to prudent

 


lenders in the secondary mortgage market. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

(pp)        Interest on each Mortgage Loan is calculated on the basis of a 360-day year consisting of twelve 30-day months;

(qq)        With respect to each MERS Mortgage Loan, a MIN has been assigned by MERS and such MIN is accurately provided on the related Mortgage Loan Schedule. The related assignment of Mortgage to MERS has been duly and properly recorded;

(rr)         With respect to each MERS Mortgage Loan, the related originator has not received any notice of liens or legal actions with respect to such Mortgage Loan and no such notices have been electronically posted by MERS;

(ss)         Any Mortgaged Property that is considered manufactured housing is legally classified as real property, is permanently affixed to a foundation, assumes the characteristics of site-built housing and is otherwise generally acceptable to prudent lenders in the secondary mortgage market;

(tt)          With respect to each Mortgage Loan which is a second lien Mortgage Loan (i) if the related first lien provides for negative amortization, the Loan-to-Value Ratio was calculated at the maximum principal balance of such first lien that could result upon application of such negative amortization feature, and (ii) either no consent for the Mortgage Loan is required by the holder of the first lien or such consent has been obtained and is contained in the Mortgage File;

(uu)        No Mortgage Loan is a high cost loan or a covered loan, as applicable (as such terms are defined in Standard & Poor’s LEVELS Version 5.6 Glossary Revised, Appendix E);

(vv)        All Mortgage Loans were originated in compliance with all applicable laws, including, but not limited to, all applicable anti-predatory lending laws; and

(ww)      No Mortgage Loan was originated on or after October 1, 2002 and before March 7, 2003 which is secured by property located in the State of Georgia. No Mortgage Loan was originated on or after March 7, 2003, which is a “high cost home loan” as defined under the Georgia Fair Lending Act.

SECTION 7. Repurchase Obligation for Defective Documentation and for Breach of Representation and Warranty.

(a)          The representations and warranties contained in Section 6 shall not be impaired by any review and examination of loan files or other documents evidencing or relating to the Mortgage Loans or any failure on the part of the Seller or the Purchaser to review or examine such documents and shall inure to the benefit of any assignee, transferee or designee of the Purchaser, including the Trust Administrator for the benefit of holders of the Certificates.

 


 

Upon discovery by the Seller, the Purchaser or any assignee, transferee or designee of the Purchaser of any materially defective document in, or that any material document was not transferred by the Seller (as listed on an Initial Certification of the Trust Administrator, the Trustee or the Custodian, as applicable) as part of any Mortgage File, or of a breach of any of the representations and warranties contained in the Assignment Agreements or Section 6 that materially and adversely affects the value of any Mortgage Loan or the interest therein of the Purchaser or the Purchaser’s assignee, transferee or designee, the party discovering such breach shall give prompt written notice to the Seller. Within sixty (60) days of its discovery or its receipt of notice of any such missing documentation that was not transferred by the Seller as described above, or of materially defective documentation, or of any such breach of a representation and warranty, the Seller promptly shall deliver such missing document or cure such defect or breach in all material respects or, in the event the Seller cannot deliver such missing document or cannot cure such defect or breach, the Seller shall, within ninety (90) days of its discovery or receipt of notice, either (i) repurchase the affected Mortgage Loan at the Purchase Price (as defined in the Pooling and Servicing Agreement) or (ii) pursuant to the provisions of the Pooling and Servicing Agreement, cause the removal of such Mortgage Loan from the Trust Fund and substitute one or more Qualified Substitute Mortgage Loans. The Seller shall amend the Closing Schedule to reflect the withdrawal of such Mortgage Loan from the terms of this Agreement and the Pooling and Servicing Agreement. The Seller, as applicable, shall deliver to the Purchaser such amended Closing Schedule and shall deliver such other documents as are required by this Agreement or the Pooling and Servicing Agreement within five (5) days of any such amendment. Any repurchase pursuant to this Section 7(a) shall be accomplished by transfer to an account designated by the Purchaser of the amount of the Purchase Price in accordance with Section 2.03 of the Pooling and Servicing Agreement. Any repurchase required by this Section shall be made in a manner consistent with Section 2.03 of the Pooling and Servicing Agreement.

Notwithstanding the foregoing, to the extent a representation or warranty of the Seller regarding the Mortgage Loans has been breached and the circumstance constituting the breach also constitutes a breach of a like representation or warranty given by the related originator in the related Master Agreement or Originator Assignment Agreement as of an earlier date, the Purchaser’s remedy hereunder shall be solely against the related originator and not the Seller.

Notwithstanding the foregoing, within 90 days of the earlier of discovery by the Seller or receipt of notice by the Seller of the breach of representation and warranty (dd) of the Seller which materially and adversely affects the interests of the Holders of the Class P Certificates in any Prepayment Charge, the Seller shall pay the amount of the scheduled Prepayment Charge, for the benefit of the Holders of the Class P Certificates by remitting such amount to the Servicer for deposit into the Collection Account, net of any amount previously collected by the Servicer or paid by the Servicer, for the benefit of the Holders of the Class P Certificates in respect of such Prepayment Charge.

(b)          It is understood and agreed that the obligations of the Seller set forth in this Section 7 to cure or repurchase a defective Mortgage Loan constitute the sole remedies of the Purchaser against the Seller respecting a missing document or a breach of the representations and warranties contained in Section 6.

 


 

SECTION 8. Closing; Payment for the Mortgage Loans. The closing of the purchase and sale of the Mortgage Loans shall be held at the New York City office of Xxxxxxx Xxxxxxxx & Xxxx LLP at 10:00 a.m. New York City time on the Closing Date.

The closing shall be subject to each of the following conditions:

(a)          All of the representations and warranties of the Seller under this Agreement shall be true and correct in all material respects as of the date as of which they are made and no event shall have occurred which, with notice or the passage of time, would constitute a default under this Agreement;

(b)          The Purchaser shall have received, or the attorneys of the Purchaser shall have received in escrow (to be released from escrow at the time of closing), all Closing Documents as specified in Section 9 of this Agreement, in such forms as are agreed upon and acceptable to the Purchaser, duly executed by all signatories other than the Purchaser as required pursuant to the respective terms thereof;

(c)          The Seller shall have delivered or caused to be delivered and released to the Purchaser or to its designee, all documents (including without limitation, the Mortgage Loans) required to be so delivered by the Purchaser pursuant to Section 2.01 of the Pooling and Servicing Agreement; and

(d)          All other terms and conditions of this Agreement and the Pooling and Servicing Agreement shall have been complied with.

Subject to the foregoing conditions, the Purchaser shall deliver or cause to be delivered to the Seller on the Closing Date, against delivery and release by the Seller to the Trust Administrator of all documents required pursuant to the Pooling and Servicing Agreement, the Mortgage Loan Purchase Price for the Mortgage Loans as specified in Section 3 of this Agreement.

SECTION 9. Closing Documents. Without limiting the generality of Section 8 hereof, the closing shall be subject to delivery of each of the following documents:

(a)          A Secretary’s Certificate of the Seller, dated the Closing Date, in form satisfactory to and upon which the Purchaser and UBS Securities LLC (the “Underwriter”) may rely, and attached thereto copies of the certificate of incorporation, by-laws and certificate of good standing of the Seller under the laws of Delaware;

(b)          An Opinion of Counsel of the Seller, dated the Closing Date, in form satisfactory to and addressed to the Underwriter;

(c)          A letter from Deloitte & Touche LLP, certified public accountants, to the effect that they have performed certain specified procedures as a result of which they determined that certain information of an accounting, financial or statistical nature set forth in the Prospectus Supplement contained under the captions “Summary—Mortgage Loans,” “Risk Factors,” (to the extent of information concerning the Mortgage Loans

 


contained therein) and “Description of the Mortgage Loans” agrees with the records of the Seller;

(d)          Such further information, certificates, opinions and documents as the Purchaser or the Underwriter may reasonably request.

SECTION 10. Costs. The Seller shall pay (or shall reimburse the Purchaser or any other Person to the extent that the Purchaser or such other Person shall pay) the fees and expenses of the Seller’s accountants and attorneys and the costs and expenses incurred in connection with obtaining the documents referred to in Sections 9(a), 9(b) and 9(c), the costs and expenses of printing (or otherwise reproducing) and delivering this Agreement, the Pooling and Servicing Agreement, the Certificates, the prospectus and Prospectus Supplement, and any private placement memorandum relating to the Certificates and other related documents, the initial fees, costs and expenses of the Trustee and Trust Administrator, the fees and expenses of the Purchaser’s counsel in connection with the preparation of all documents relating to the securitization of the Mortgage Loans, the filing fee charged by the Securities and Exchange Commission for registration of the Certificates and the fees charged by any rating agency to rate the Certificates. All other costs and expenses in connection with the transactions contemplated hereunder shall be borne by the party incurring such expense.

SECTION 11. [Reserved].

SECTION 12. Indemnification. The Seller shall indemnify and hold harmless each of (i) the Purchaser, (ii) the Underwriter, (iii) the Person, if any, to which the Purchaser assigns its rights in and to a Mortgage Loan and each of their respective successors and assigns and (iv) each person, if any, who controls the Purchaser within the meaning of Section 15 of the Securities Act of 1933, as amended (the “1933 Act”) ((i) through (iv) collectively, the “Indemnified Party”) against any and all losses, claims, expenses, damages or liabilities to which the Indemnified Party may become subject, under the 1933 Act or otherwise, insofar as such losses, claims, expenses, damages or liabilities (or actions in respect thereof) arise out of or are based upon (a) any untrue statement or alleged untrue statement of any material fact contained in (i) the Prospectus Supplement under the captions “Summary—Mortgage Loans,” “Risk Factors” (to the extent information regarding the Mortgage Loans is contained therein) and “Description of the Mortgage Loans,” or the omission or the alleged omission by the Seller to state therein the material fact necessary in order to make the statements therein not misleading and, with respect to any private placement memorandum, computational material, marketing material or any information provided by the Underwriter to a purchaser of the Certificates, any information of a comparable nature, or (ii) the data files containing information with respect to the Mortgage Loans as transmitted by modem to the Purchaser by the Seller or any of its affiliates (as such transmitted information may have been amended in writing by the Seller or any of its affiliates with the written consent of the Purchaser subsequent to such transmission) or any data that was correctly and accurately derived therefrom (it being understood that the Seller shall have no liability hereunder resulting from the aggregation or manipulation by the Purchaser or any Affiliate thereof of information in the Prospectus Supplement derived from information in the Mortgage Loan Scheduled that is otherwise accurate information) or (b) any representation, warranty or covenant made by the Seller or any affiliate of the Seller herein, on which the Purchaser has relied, being, or alleged to be, untrue or incorrect; provided, however, that to the

 


extent that any such losses, claims, expenses, damages or liabilities to which the Indemnified Party may become subject arise out of or are based upon both (1) statements, omissions, representations, warranties or covenants of the Seller described in clause (a) or (b) above and (2) any other factual basis, the Seller shall indemnify and hold harmless the Indemnified Party only to the extent that the losses, claims, expenses, damages, or liabilities of the person or persons asserting the claim are determined to rise from or be based upon matters set forth in clause (1) above and do not result from the gross negligence or willful misconduct of such Indemnified Party. This indemnity shall be in addition to any liability that the Seller may otherwise have.

SECTION 13. Mandatory Delivery; Grant of Security Interest. The sale and delivery on the Closing Date of the Mortgage Loans described on the Mortgage Loan Schedule in accordance with the terms and conditions of this Agreement is mandatory. It is specifically understood and agreed that each Mortgage Loan is unique and identifiable on the date hereof and that an award of money damages would be insufficient to compensate the Purchaser for the losses and damages incurred by the Purchaser in the event of the Seller’s failure to deliver the Mortgage Loans on or before the Closing Date. The Seller hereby grants to the Purchaser a lien on and a continuing security interest in the Seller’s interest in each Mortgage Loan and each document and instrument evidencing each such Mortgage Loan to secure the performance by the Seller of its obligation hereunder, and the Seller agrees that it holds such Mortgage Loans in custody for the Purchaser, subject to the Purchaser’s (i) right, prior to the Closing Date, to reject any Mortgage Loan to the extent permitted by this Agreement, and (ii) obligation to deliver or cause to be delivered the consideration for the Mortgage Loans pursuant to Section 8 hereof. Any Mortgage Loans rejected by the Purchaser shall concurrently therewith be released from the security interest created hereby. All rights and remedies of the Purchaser under this Agreement are distinct from, and cumulative with, any other rights or remedies under this Agreement or afforded by law or equity and all such rights and remedies may be exercised concurrently, independently or successively.

Notwithstanding the foregoing, if on the Closing Date, each of the conditions set forth in Section 8 hereof shall have been satisfied and the Purchaser shall not have paid or caused to be paid the Mortgage Loan Purchase Price, or any such condition shall not have been waived or satisfied and the Purchaser determines not to pay or cause to be paid the Mortgage Loan Purchase Price, the Purchaser shall immediately effect the re-delivery of the Mortgage Loans, if delivery to the Purchaser has occurred, and the security interest created by this Section 12 shall be deemed to have been released.

SECTION 14. Notices. All demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly given if personally delivered to or mailed by registered mail, postage prepaid, or transmitted by fax and, receipt of which is confirmed by telephone, if to the Purchaser, addressed to the Purchaser at 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000, facsimile number (000) 000-0000, Attention: Xxxxx XxXxxxxx, or such other address as may hereafter be furnished to the Seller in writing by the Purchaser; if to the Seller, addressed to the Seller at 0000 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000, facsimile number (000) 000-0000, Attention: Xxxxx XxXxxxxx, or to such other address as the Seller may designate in writing to the Purchaser.

 


 

SECTION 15. Severability of Provisions. Any part, provision, representation or warranty of this Agreement that is prohibited or that is held to be void or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof. Any part, provision, representation or warranty of this Agreement that is prohibited or unenforceable or is held to be void or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction as to any Mortgage Loan shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof.

SECTION 16. Agreement of Parties. The Seller and the Purchaser each agree to execute and deliver such instruments and take such actions as either of the others may, from time to time, reasonably request in order to effectuate the purpose and to carry out the terms of this Agreement and the Pooling and Servicing Agreement.

SECTION 17. Survival. The Seller agrees that the representations, warranties and agreements made by it herein and in any certificate or other instrument delivered pursuant hereto shall be deemed to be relied upon by the Purchaser, notwithstanding any investigation heretofore or hereafter made by the Purchaser or on its behalf, and that the representations, warranties and agreements made by the Seller herein or in any such certificate or other instrument shall survive the delivery of and payment for the Mortgage Loans and shall continue in full force and effect, notwithstanding any restrictive or qualified endorsement on the Mortgage Notes and notwithstanding subsequent termination of this Agreement, the Pooling and Servicing Agreement or the Trust Fund.

SECTION 18. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS, DUTIES, OBLIGATIONS AND RESPONSIBILITIES OF THE PARTIES HERETO SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS (OTHER THAN THE CHOICE OF LAW PROVISIONS THEREIN) AND DECISIONS OF THE STATE OF NEW YORK. THE PARTIES HERETO INTEND THAT THE PROVISIONS OF SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW SHALL APPLY TO THIS AGREEMENT.

SECTION 19. Miscellaneous. This Agreement may be executed in two or more counterparts, each of which when so executed and delivered shall be an original, but all of which together shall constitute one and the same instrument. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. This Agreement supersedes all prior agreements and understandings relating to the subject matter hereof. Neither this Agreement nor any term hereof may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the party against whom enforcement of the change, waiver, discharge or termination is sought. The headings in this Agreement are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

It is the express intent of the parties hereto that the conveyance of the Mortgage Loans by the Seller to the Purchaser as provided in Section 4 hereof be, and be construed as, a

 


sale of the Mortgage Loans by the Seller to the Purchaser and not as a pledge of the Mortgage Loans by the Seller to the Purchaser to secure a debt or other obligation of the Seller. However, in the event that, notwithstanding the aforementioned intent of the parties, the Mortgage Loans are held to be property of the Seller, then (a) it is the express intent of the parties that such conveyance be deemed a pledge of the Mortgage Loans by the Seller to the Purchaser to secure a debt or other obligation of the Seller and (b) (1) this Agreement shall also be deemed to be a security agreement within the meaning of Articles 8 and 9 of the New York Uniform Commercial Code; (2) the conveyance provided for in Section 4 hereof shall be deemed to be a grant by the Seller to the Purchaser of a security interest in all of the Seller’s right, title and interest in and to the Mortgage Loans and all amounts payable to the holders of the Mortgage Loans in accordance with the terms thereof and all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including without limitation all amounts, other than investment earnings, from time to time held or invested in the Collection Account whether in the form of cash, instruments, securities or other property; (3) the possession by the Purchaser or its agent of Mortgage Notes, the related Mortgages and such other items of property that constitute instruments, money, negotiable documents or chattel paper shall be deemed to be “possession” by the secured party for purposes of perfecting the security interest pursuant to the New York Uniform Commercial Code; and (4) notifications to persons holding such property and acknowledgments, receipts or confirmations from persons holding such property shall be deemed notifications to, or acknowledgments, receipts or confirmations from, financial intermediaries, bailees or agents (as applicable) of the Purchaser for the purpose of perfecting such security interest under applicable law. Any assignment of the interest of the Purchaser pursuant to Section 4(d) hereof shall also be deemed to be an assignment of any security interest created hereby. The Seller and the Purchaser shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Mortgage Loans, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement and the Pooling and Servicing Agreement.

The NIMS Insurer, if any, shall be a third party beneficiary hereof and may enforce the terms hereof as if a party hereto.

 


 

IN WITNESS WHEREOF, the Purchaser and the Seller have caused their names to be signed by their respective officers thereunto duly authorized as of the date first above written.

 

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

UBS REAL ESTATE SECURITIES INC.

 

 

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

By:

 

Name:

 

Title:

 

 

 


 

Schedule I

 

 

 

 


 

EXHIBIT E

REQUEST FOR RELEASE

OF DOCUMENTS

To:

Xxxxx Fargo Bank, N.A.

Attn: Inventory Control

0000 00xx Xxxxxx XX

Xxxxxxxxxxx, XX 00000

 

U.S. Bank National Association,

0000 Xxxxxx Xxxxxx

XX-XX-XXXX

Xx. Xxxx, Xxxxxxxxx 00000

Attn: Document Collateral Services - MASTR 2005-HE2 Pool #584659

Re:

Pooling and Servicing Agreement, dated as of September 1, 2005, among Mortgage Asset Securitization Transactions, Inc., Xxxxx Fargo Bank, N.A. and U.S. Bank National Association, Mortgage Pass-Through Certificates, Series 2005-HE2

In connection with the administration of the Mortgage Loans held by you as Trust Administrator pursuant to the above-captioned Pooling and Servicing Agreement, we request the release, and hereby acknowledge receipt of the [Trust Administrator’s] [Trustee’s] Mortgage File or the Mortgage Loan described below, for the reason indicated.

Mortgage Loan Number:

Mortgagor Name. Address & Zip Code:

Reason for Requesting Documents (check one):

1.

Mortgage Paid in Full

2.

Foreclosure

3.

Substitution

4.

Other Liquidation (Repurchases, etc.)

5.

Nonliquidation                Reason:________________________

Address to which Trust Administrator should deliver

the Trust Administrator’s Mortgage File:

 


 

By:

 

 

(authorized signer)

 

Issuer:

 

Address:

 

Date:

 

 

  [Trust Administrator] [Trustee]

[Xxxxx Fargo Bank, N.A.]

[U.S. Bank National Association]

 

Please acknowledge the execution of the above request by your signature and date below:

 

_____________________

 

___________

Signature

 

Date

Documents returned to [Trust Administrator][Trustee]:

_____________________

 

___________

Trust Administrator

 

Date

 

 

 

 

 


 

EXHIBIT F-1

FORM OF TRANSFEROR REPRESENTATION LETTER

[Date]

Xxxxx Fargo Bank, N.A.

0000 Xxx Xxxxxxxxx Xxxx

Xxxxxxxx, Xxxxxxxx 00000

Re:

MASTR Asset Backed Securities Trust, Series 2005-HE2, Mortgage Pass-Through Certificates, Class ___, representing a ___% Class ___ Percentage Interest

Ladies and Gentlemen:

In connection with the transfer by ________________ (the “Transferor”) to ________________ (the “Transferee”) of the captioned mortgage pass-through certificates (the “Certificates”), the Transferor hereby certifies as follows:

Neither the Transferor nor anyone acting on its behalf has (a) offered, pledged, sold, disposed of or otherwise transferred any Certificate, any interest in any Certificate or any other similar security to any person in any manner, (b) has solicited any offer to buy or to accept a pledge, disposition or other transfer of any Certificate, any interest in any Certificate or any other similar security from any person in any manner, (c) has otherwise approached or negotiated with respect to any Certificate, any interest in any Certificate or any other similar security with any person in any manner, (d) has made any general solicitation by means of general advertising or in any other manner, (e) has taken any other action, that (in the case of each of subclauses (a) through (e) above) would constitute a distribution of the Certificates under the Securities Act of 1933, as amended (the “1933 Act”), or would render the disposition of any Certificate a violation of Section 5 of the 1933 Act or any state securities law or would require registration or qualification pursuant thereto. The Transferor will not act, nor has it authorized or will it authorize any person to act, in any manner set forth in the foregoing sentence with respect to any Certificate. The Transferor will not sell or otherwise transfer any of the Certificates, except in compliance with the provisions of that certain Pooling and Servicing Agreement, dated as of September 1, 2005, among Mortgage Asset Securitization Transactions, Inc. as Depositor, Xxxxx Fargo Bank, N.A. as Master Servicer and Trust Administrator and U.S. Bank National Association as Trustee (the “Pooling and Servicing Agreement”), pursuant to which Pooling and Servicing Agreement the Certificates were issued.

 


 

Capitalized terms used but not defined herein shall have the meanings assigned thereto in the Pooling and Servicing Agreement.

Very truly yours,

[Transferor]

By:___________________________

Name:

Title:

 


 

FORM OF TRANSFEREE REPRESENTATION LETTER

[Date]

Xxxxx Fargo Bank, N.A.

0000 Xxx Xxxxxxxxx Xxxx

Xxxxxxxx, Xxxxxxxx 00000

Re:

MASTR Asset Backed Securities Trust, Series 2005-HE2, Mortgage Pass-Through Certificates, Class ___, representing a ___% Class ___ Percentage Interest

Ladies and Gentlemen:

In connection with the purchase from ______________________ (the “Transferor”) on the date hereof of the captioned trust certificates (the “Certificates”), _______________ (the “Transferee”) hereby certifies as follows:

1.          The Transferee is a “qualified institutional buyer” as that term is defined in Rule 144A (“Rule 144A”) under the Securities Act of 1933 (the “1933 Act”) and has completed either of the forms of certification to that effect attached hereto as Annex 1 or Annex 2. The Transferee is aware that the sale to it is being made in reliance on Rule 144A. The Transferee is acquiring the Certificates for its own account or for the account of a qualified institutional buyer, and understands that such Certificate may be resold, pledged or transferred only (i) to a person reasonably believed to be a qualified institutional buyer that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that the resale, pledge or transfer is being made in reliance on Rule 144A, or (ii) pursuant to another exemption from registration under the 1933 Act.

2.             The Transferee has been furnished with all information regarding (a) the Certificates and distributions thereon, (b) the nature, performance and servicing of the Mortgage Loans, (c) the Pooling and Servicing Agreement referred to below, and (d) any credit enhancement mechanism associated with the Certificates, that it has requested.

 


 

All capitalized terms used but not otherwise defined herein have the respective meanings assigned thereto in the Pooling and Servicing Agreement, dated as of September 1, 2005, among Mortgage Asset Securitization Transactions, Inc. as Depositor, Xxxxx Fargo Bank, N.A. as Master Servicer and Trust Administrator and U.S. Bank National Association as Trustee, pursuant to which the Certificates were issued.

 

[TRANSFEREE]

 

 

By:

 

Name:

 

Title:

 

 

 


 

ANNEX 1 TO EXHIBIT F-1

QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

[FOR TRANSFEREES OTHER THAN REGISTERED INVESTMENT COMPANIES]

The undersigned hereby certifies as follows to [name of Transferor] (the “Transferor”) and Xxxxx Fargo Bank, N.A., as Trust Administrator, with respect to the mortgage pass-through certificates (the “Certificates”) described in the Transferee Certificate to which this certification relates and to which this certification is an Annex:

1. As indicated below, the undersigned is the President, Chief Financial Officer, Senior Vice President or other executive officer of the entity purchasing the Certificates (the “Transferee”).

2. In connection with purchases by the Transferee, the Transferee is a “qualified institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933 (“Rule 144A”) because (i) the Transferee owned and/or invested on a discretionary basis $______________________ in securities (except for the excluded securities referred to below) as of the end of the Transferee’s most recent fiscal year (such amount being calculated in accordance with Rule 144A) and (ii) the Transferee satisfies the criteria in the category marked below.

___ CORPORATION, ETC. The Transferee is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or any organization described in Section 501(c)(3) of the Internal Revenue Code of 1986.

___ BANK. The Transferee (a) is a national bank or banking institution organized under the laws of any State, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.

___ SAVINGS AND LOAN. The Transferee (a) is a savings and loan association, building and loan association, cooperative bank, homestead association or similar institution, which is supervised and examined by a State or Federal authority having supervision over any such institutions or is a foreign savings and loan association or equivalent institution and (b) has an audited net worth of at least

_________________________

            Transferee must own and/or invest on a discretionary basis at least $100,000,000 in securities unless Transferee is a dealer, and, in that case, Transferee must own and/or invest on a discretionary basis at least $10,000,000 in securities. $25,000,000 as demonstrated in its latest annual financial statements, A COPY OF WHICH IS ATTACHED HERETO.

 

 


 

___ BROKER-DEALER. The Transferee is a dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934.

___ INSURANCE COMPANY. The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a State, territory or the District of Columbia.

___ STATE OR LOCAL PLAN. The Transferee is a plan established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees.

___ ERISA PLAN. The Transferee is an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974.

___ INVESTMENT ADVISOR. The Transferee is an investment advisor registered under the Investment Advisers Act of 1940.

3. The term “SECURITIES” as used herein DOES NOT INCLUDE (i) securities of issuers that are affiliated with the Transferee, (ii) securities that are part of an unsold allotment to or subscription by the Transferee, if the Transferee is a dealer, (iii) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iv) bank deposit notes and certificates of deposit, (v) loan participations, (vi) repurchase agreements, (vii) securities owned but subject to a repurchase agreement and (viii) currency, interest rate and commodity swaps.

4. For purposes of determining the aggregate amount of securities owned and/or invested on a discretionary basis by the Transferee, the Transferee used the cost of such securities to the Transferee and did not include any of the securities referred to in the preceding paragraph. Further, in determining such aggregate amount, the Transferee may have included securities owned by subsidiaries of the Transferee, but only if such subsidiaries are consolidated with the Transferee in its financial statements prepared in accordance with generally accepted accounting principles and if the investments of such subsidiaries are managed under the Transferee’s direction. However, such securities were not included if the Transferee is a majority-owned, consolidated subsidiary of another enterprise and the Transferee is not itself a reporting company under the Securities Exchange Act of 1934.

5. The Transferee acknowledges that it is familiar with Rule 144A and understands that the Transferor and other parties related to the Certificates are relying and will continue to rely on the statements made herein because one or more sales to the Transferee may be in reliance on Rule 144A.

___

___

Will the Transferee be purchasing the Certificates

Yes

No

only for the Transferee’s own account?

6. If the answer to the foregoing question is “no”, the Transferee agrees that, in connection with any purchase of securities sold to the Transferee for the account of a third party

 


(including any separate account) in reliance on Rule 144A, the Transferee will only purchase for the account of a third party that at the time is a “qualified institutional buyer” within the meaning of Rule 144A. In addition, the Transferee agrees that the Transferee will not purchase securities for a third party unless the Transferee has obtained a current representation letter from such third party or taken other appropriate steps contemplated by Rule 144A to conclude that such third party independently meets the definition of “qualified institutional buyer” set forth in Rule 144A.

7. The Transferee will notify each of the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice is given, the Transferee’s purchase of the Certificates will constitute a reaffirmation of this certification as of the date of such purchase. In addition, if the Transferee is a bank or savings and loan as provided above, the Transferee agrees that it will furnish to such parties updated annual financial statements promptly after they become available.

Dated:

 

Print Name of Transferee

 

 

By:

 

Name:

 

Title:

 

 

 


 

ANNEX 2 TO EXHIBIT F-1

QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A

[FOR TRANSFEREES THAT ARE REGISTERED INVESTMENT COMPANIES]

The undersigned hereby certifies as follows to [name of Transferor] (the “Transferor”) and Xxxxx Fargo Bank, N.A., as Trust Administrator, with respect to the mortgage pass- through certificates (the “Certificates”) described in the Transferee Certificate to which this certification relates and to which this certification is an Annex:

1. As indicated below, the undersigned is the President, Chief Financial Officer or Senior Vice President of the entity purchasing the Certificates (the “Transferee”) or, if the Transferee is a “qualified institutional buyer” as that term is defined in Rule 144A under the Securities Act of 1933 (“Rule 144A”) because the Transferee is part of a Family of Investment Companies (as defined below), is such an officer of the investment adviser (the “Adviser”).

2. In connection with purchases by the Transferee, the Transferee is a “qualified institutional buyer” as defined in Rule 144A because (i) the Transferee is an investment company registered under the Investment Company Act of 1940, and (ii) as marked below, the Transferee alone, or the Transferee’s Family of Investment Companies, owned at least $100,000,000 in securities (other than the excluded securities referred to below) as of the end of the Transferee’s most recent fiscal year. For purposes of determining the amount of securities owned by the Transferee or the Transferee’s Family of Investment Companies, the cost of such securities was used.

____

The Transferee owned $___________________ in securities (other than the excluded securities referred to below) as of the end of the Transferee’s most recent fiscal year (such amount being calculated in accordance with Rule 144A).

____

The Transferee is part of a Family of Investment Companies which owned in the aggregate $______________ in securities (other than the excluded securities referred to below) as of the end of the Transferee’s most recent fiscal year (such amount being calculated in accordance with Rule 144A).

3. The term “FAMILY OF INVESTMENT COMPANIES” as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other).

4. The term “SECURITIES” as used herein does not include (i) securities of issuers that are affiliated with the Transferee or are part of the Transferee’s Family of Investment Companies, (ii) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements,

 


(vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps.

5. The Transferee is familiar with Rule 144A and understands that the parties to which this certification is being made are relying and will continue to rely on the statements made herein because one or more sales to the Transferee will be in reliance on Rule 144A. In addition, the Transferee will only purchase for the Transferee’s own account.

6. The undersigned will notify the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice, the Transferee’s purchase of the Certificates will constitute a reaffirmation of this certification by the undersigned as of the date of such purchase.

Dated:

Print Name of Transferee or Advisor

 

 

By:

 

Name:

 

Title:

 

 

 

 

 

IF AN ADVISER:

 

 

 

Print Name of Transferee

 

 


 

FORM OF TRANSFEREE REPRESENTATION LETTER

The undersigned hereby certifies on behalf of the purchaser named below (the “Purchaser”) as follows:

1. I am an executive officer of the Purchaser.

2. The Purchaser is a “qualified institutional buyer”, as defined in Rule 144A, (“Rule 144A”) under the Securities Act of 1933, as amended.

3. As of the date specified below (which is not earlier than the last day of the Purchaser’s most recent fiscal year), the amount of “securities”, computed for purposes of Rule 144A, owned and invested on a discretionary basis by the Purchaser was in excess of $100,000,000.

Name of Purchaser

 

 

 

By:

 

Name:

 

Title:

 

 

Date of this certificate:

Date of information provided in paragraph 3

 


 

EXHIBIT F-2

FORM OF TRANSFER AFFIDAVIT AND AGREEMENT

STATE OF NEW YORK

)

 

 

)

ss.:

COUNTY OF NEW YORK

)

 

__________________________, being duly sworn, deposes, represents and warrants as follows:

1.            I am a ______________________ of ____________________________ (the “Owner”) a corporation duly organized and existing under the laws of ______________, the record owner of MASTR Asset Backed Securities Trust, Series 2005-HE2, Mortgage Pass-Through Certificates, Class [R][R-X] Certificates, (the “Residual Certificates”), on behalf of whom I make this affidavit and agreement. Capitalized terms used but not defined herein have the respective meanings assigned thereto in the Pooling and Servicing Agreement pursuant to which the Residual Certificates were issued.

2.            The Owner (i) is and will be a “Permitted Transferee” as of ____________, 20__ and (ii) is acquiring the Residual Certificates for its own account or for the account of another Owner from which it has received an affidavit in substantially the same form as this affidavit. A “Permitted Transferee” is any person other than a “disqualified organization” or a possession of the United States. For this purpose, a “disqualified organization” means the United States, any state or political subdivision thereof, any agency or instrumentality of any of the foregoing (other than an instrumentality all of the activities of which are subject to tax and, except for the Federal Home Loan Mortgage Corporation, a majority of whose board of directors is not selected by any such governmental entity) or any foreign government, international organization or any agency or instrumentality of such foreign government or organization, any rural electric or telephone cooperative, or any organization (other than certain farmers’ cooperatives) that is generally exempt from federal income tax unless such organization is subject to the tax on unrelated business taxable income.

3.            The Owner is aware (i) of the tax that would be imposed on transfers of the Residual Certificates to disqualified organizations under the Internal Revenue Code of 1986 that applies to all transfers of the Residual Certificates after March 31, 1988; (ii) that such tax would be on the transferor or, if such transfer is through an agent (which person includes a broker, nominee or middleman) for a non-Permitted Transferee, on the agent; (iii) that the person otherwise liable for the tax shall be relieved of liability for the tax if the transferee furnishes to such person an affidavit that the transferee is a Permitted Transferee and, at the time of transfer, such person does not have actual knowledge that the affidavit is false; and (iv) that each of the Residual Certificates may be a “noneconomic residual interest” within the meaning of proposed Treasury regulations promulgated under the Code and that the transferor of a “noneconomic residual interest” will remain liable for any taxes due with respect to the income on such residual interest, unless no significant purpose of the transfer is to impede the assessment or collection of tax.

 


 

4.            The Owner is aware of the tax imposed on a “pass-through entity” holding the Residual Certificates if, at any time during the taxable year of the pass-through entity, a non-Permitted Transferee is the record holder of an interest in such entity. (For this purpose, a “pass-through entity” includes a regulated investment company, a real estate investment trust or common trust fund, a partnership, trust or estate, and certain cooperatives.)

5.            The Owner is aware that the Trust Administrator will not register the transfer of any Residual Certificate unless the transferee, or the transferee’s agent, delivers to the Trust Administrator, among other things, an affidavit in substantially the same form as this affidavit. The Owner expressly agrees that it will not consummate any such transfer if it knows or believes that any of the representations contained in such affidavit and agreement are false.

6.           The Owner consents to any additional restrictions or arrangements that shall be deemed necessary upon advice of counsel to constitute a reasonable arrangement to ensure that the Residual Certificates will only be owned, directly or indirectly, by an Owner that is a Permitted Transferee.

 

7.

The Owner’s taxpayer identification number is _________________.

8.          The Owner has reviewed the restrictions set forth on the face of the Residual Certificates and the provisions of Section 5.02(d) of the Pooling and Servicing Agreement under which the Residual Certificates were issued (in particular, clauses (iii)(A) and (iii)(B) of Section 5.02(d) which authorize the Trust Administrator to deliver payments to a person other than the Owner and negotiate a mandatory sale by the Trust Administrator in the event that the Owner holds such Certificate in violation of Section 5.02(d)); and that the Owner expressly agrees to be bound by and to comply with such restrictions and provisions.

9.           The Owner is not acquiring and will not transfer the Residual Certificates in order to impede the assessment or collection of any tax.

10.        The Owner anticipates that it will, so long as it holds the Residual Certificates, have sufficient assets to pay any taxes owed by the holder of such Residual Certificates, and hereby represents to and for the benefit of the person from whom it acquired the Residual Certificates that the Owner intends to pay taxes associated with holding such Residual Certificates as they become due, fully understanding that it may incur tax liabilities in excess of any cash flows generated by the Residual Certificates.

11.        The Owner has no present knowledge that it may become insolvent or subject to a bankruptcy proceeding for so long as it holds the Residual Certificates.

12.         The Owner has no present knowledge or expectation that it will be unable to pay any United States taxes owed by it so long as any of the Certificates remain outstanding.

13.        The Owner is not acquiring the Residual Certificates with the intent to transfer the Residual Certificates to any person or entity that will not have sufficient assets to pay

 


any taxes owed by the holder of such Residual Certificates, or that may become insolvent or subject to a bankruptcy proceeding, for so long as the Residual Certificates remain outstanding.

14.        The Owner will, in connection with any transfer that it makes of the Residual Certificates, obtain from its transferee the representations required by Section 5.02(d) of the Pooling and Servicing Agreement under which the Residual Certificate were issued and will not consummate any such transfer if it knows, or knows facts that should lead it to believe, that any such representations are false.

15.        The Owner will, in connection with any transfer that it makes of the Residual Certificates, deliver to the Trust Administrator an affidavit, which represents and warrants that it is not transferring the Residual Certificates to impede the assessment or collection of any tax and that it has no actual knowledge that the proposed transferee: (i) has insufficient assets to pay any taxes owed by such transferee as holder of the Residual Certificates; (ii) may become insolvent or subject to a bankruptcy proceeding for so long as the Residual Certificates remains outstanding; and (iii) is not a “Permitted Transferee”.

16.        The Owner is a citizen or resident of the United States, a corporation, partnership or other entity created or organized in, or under the laws of, the United States or any political subdivision thereof, or an estate or trust whose income from sources without the United States may be included in gross income for United States federal income tax purposes regardless of its connection with the conduct of a trade or business within the United States.

17.         The Owner of the Residual Certificate, hereby agrees that in the event that the Trust Fund created by the Pooling and Servicing Agreement is terminated pursuant to Section 9.01 thereof, the undersigned shall assign and transfer to the Holders of the Class CE Certificates (with respect to a termination of REMIC I) any amounts in excess of par received in connection with such termination. Accordingly, in the event of such termination, the Trust Administrator is hereby authorized to withhold any such amounts in excess of par and to pay such amounts directly to the Holders of the Class CE Certificates. This agreement shall bind and be enforceable against any successor, transferee or assigned of the undersigned in the Residual Certificate. In connection with any transfer of the Residual Certificate, the Owner shall obtain an agreement substantially similar to this clause from any subsequent owner.

 


 

IN WITNESS WHEREOF, the Owner has caused this instrument to be executed on its behalf, pursuant to the authority of its Board of Directors, by its [Vice] President, attested by its [Assistant] Secretary, this ____ day of __________, 20__.

[OWNER]

 

 

By:

 

Name:

 

Title:

[Vice] President

 

ATTEST:

By:

 

Name:

 

Title:

[Assistant] Secretary

 

Personally appeared before me the above-named , known or proved to me to be the same person who executed the foregoing instrument and to be a [Vice] President of the Owner, and acknowledged to me that [he/she] executed the same as [his/her] free act and deed and the free act and deed of the Owner.

Subscribed and sworn before me this ____ day of __________, 20___.

 

Notary Public

 

County of __________________

 

State of ___________________

 

My Commission expires:

 

 

 


 

FORM OF TRANSFEROR AFFIDAVIT

STATE OF NEW YORK

)

 

 

)

ss.:

COUNTY OF NEW YORK

)

 

__________________________, being duly sworn, deposes, represents and warrants as follows:

1.            I am a ____________________ of ____________________________ (the “Owner”), a corporation duly organized and existing under the laws of ______________, on behalf of whom I make this affidavit.

2.           The Owner is not transferring the Residual Certificates (the “Residual Certificates”) to impede the assessment or collection of any tax.

3.           The Owner has no actual knowledge that the Person that is the proposed transferee (the “Purchaser”) of the Residual Certificates: (i) has insufficient assets to pay any taxes owed by such proposed transferee as holder of the Residual Certificates; (ii) may become insolvent or subject to a bankruptcy proceeding for so long as the Residual Certificates remain outstanding and (iii) is not a Permitted Transferee.

4.          The Owner understands that the Purchaser has delivered to the Trust Administrator a transfer affidavit and agreement in the form attached to the Pooling and Servicing Agreement as Exhibit F-2. The Owner does not know or believe that any representation contained therein is false.

5.           At the time of transfer, the Owner has conducted a reasonable investigation of the financial condition of the Purchaser as contemplated by Treasury Regulations Section 1.860E-1(c)(4)(i) and, as a result of that investigation, the Owner has determined that the Purchaser has historically paid its debts as they became due and has found no significant evidence to indicate that the Purchaser will not continue to pay its debts as they become due in the future. The Owner understands that the transfer of a Residual Certificate may not be respected for United States income tax purposes (and the Owner may continue to be liable for United States income taxes associated therewith) unless the Owner has conducted such an investigation.

6.           Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Pooling and Servicing Agreement.

 


 

IN WITNESS WHEREOF, the Owner has caused this instrument to be executed on its behalf, pursuant to the authority of its Board of Directors, by its [Vice] President, attested by its [Assistant] Secretary, this ____ day of ___________, 20__.

[OWNER]

 

 

By:

 

Name:

 

Title:

[Vice] President

 

ATTEST:

By:

 

Name:

 

Title:

[Assistant] Secretary

Personally appeared before me the above-named , known or proved to me to be the same person who executed the foregoing instrument and to be a [Vice] President of the Owner, and acknowledged to me that [he/she] executed the same as [his/her] free act and deed and the free act and deed of the Owner.

Subscribed and sworn before me this ____ day of __________, 20___.

 

Notary Public

 

County of __________________

 

State of ___________________

 

My Commission expires:

 

 

 


 

EXHIBIT G

FORM OF CERTIFICATION WITH RESPECT TO ERISA AND THE CODE

_____________, 20__

Mortgage Asset Securitization Transactions, Inc.

0000 Xxxxxx xx xxx Xxxxxxxx

Xxx Xxxx, Xxx Xxxx 00000

Xxxxx Fargo Bank, N.A.

0000 Xxx Xxxxxxxxx Xxxx

Xxxxxxxx, XX 00000

U.S. Bank National Association,

00 Xxxxxxxxxx Xxxxxx

XX-XX-XX0X

Xx. Xxxx, Xxxxxxxxx 00000

Attn: Structured Finance- MASTR 2005-

 

HE2

 

 

Re:

MASTR Asset Backed Securities Trust, Series 2005-HE2, Mortgage Pass-Through Certificates, Class ___

Dear Sirs:

_______________________ (the “Transferee”) intends to acquire from _____________________ (the “Transferor”) $____________ Initial Certificate Principal Balance of MASTR Asset Backed Securities Trust, Series 2005-HE2, Mortgage Pass-Through Certificates, Class [CE] [P] [R](the “Certificates”), issued pursuant to a Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”) dated as of September 1, 2005, among Mortgage Asset Securitization Transactions, Inc. as depositor (the “Depositor”), Xxxxx Fargo Bank, N.A. as Master Servicer and the Trust Administrator (the “Master Servicer” and the “Trust Administrator”) and U.S. Bank National Association as trustee (the “Trustee”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned thereto in the Pooling and Servicing Agreement. The Transferee hereby certifies, represents and warrants to, and covenants with the Depositor, the Trust Administrator, the Trustee and the Master Servicer that:

The Certificates (i) are not being acquired by, and will not be transferred to, any employee benefit plan within the meaning of section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or other retirement arrangement, including individual retirement accounts and annuities, Xxxxx plans and bank collective investment funds and insurance company general or separate accounts in which such plans, accounts or arrangements are invested, that is subject to Section 406 of ERISA or Section 4975 of the Internal Revenue Code of 1986 (the “Code”) (any of the foregoing, a “Plan”), (ii) are not being acquired with “plan assets” of a Plan within the meaning of the Department of Labor (“DOL”)

 

 

regulation, 29 C.F.R.ss.2510.3-101, and (iii) will not be transferred to any entity that is deemed to be investing in plan assets within the meaning of the DOL regulation at 29 X.X.X.xx. 2510.3-101.

Very truly yours,

 

 

 

By:

 

Name:

 

Title:

 

 

 


 

EXHIBIT H

FORM OF REPORT PURSUANT TO SECTION 4.06

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

ANNUAL REPORT

Pursuant to Section 13 or 15(d) of the

SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED)

FOR FISCAL YEAR ENDED ________________

COMMISSION FILE NUMBER: 333-_______

MORTGAGE ASSET SECURITIZATION TRANSACTIONS, INC.

(as depositor under the Pooling and Servicing Agreement,

dated as of September 1, 2005, providing for the issuance of

MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-HE2)

Mortgage Asset Securitization Transactions, Inc.

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

Delaware

 

333-124678

(State or Other Jurisdiction
of Incorporation)

 

(I.R.S. Employer
Identification No.)

 

 

 

0000 Xxxxxx xx xxx Xxxxxxxx

Xxx Xxxx, Xxx Xxxx 00000

 

10019

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (000) 000-0000

Securities registered pursuant to Section 12(b) of the Act:

None

Securities registered pursuant to Section 12(g) of the Act:

 


 

None

Indicate whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

 

X YES

___No

Item 1. Business:

Not applicable

Item 2. Properties:

Not applicable

Item 3. Legal Proceedings:

None

Item 4. Submission of Matters to a Vote of Security-Holders

None

Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters

To the best knowledge of the registrant there is no established public trading market for the certificates.

There are approximately _____ holders of record as of the end of the reporting year.

Item 6. Selected Financial Data.

Not applicable.

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Not applicable

Item 8. Financial Statements and Supplementary Data.

Not applicable.

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

 


 

None

Item 10.

Not applicable

Item 11. Executive Compensation

Not applicable

Item 12. Security Ownership of Certain Beneficial Owners and Management

Not applicable

Item 13. Certain Relationships and Related Transactions

Not applicable

Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K

 

a)

The company filed on Form 8-K, separately for each distribution date, the

distribution of funds related to the trust for each of the following distribution dates:

Distribution Date

 

Form 8-K Filing Date

 

 

 

 

 

 

 

 

 
     

b)     99.1 Annual Report of Independent Public Accountants’ as to master servicing activities or servicing activities, as applicable

(a) Xxxxx Fargo Bank, N.A., as Master Servicer

99.2 Annual Statement of Compliance with obligations under the Pooling and Servicing Agreement or servicing agreement, as applicable, of:

(a) Xxxxx Fargo Bank, N.A., as Master Servicer

Such document (i) is not filed herewith since such document was not received by the Reporting Person at least three business days prior to the due date of this report; and (ii) will be included in an amendment to this report on Form 10-K/A to be filed within 30 days of the Reporting Person’s receipt of such document.

 


 

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: ___________

Mortgage Asset Securitization Transactions, Inc., by Xxxxx Fargo Bank, N.A., as Trust Administrator for MASTR Asset Backed Securities Trust, Series 2005-HE2, Mortgage Pass-Through Certificates.

 

 

By:

 

Name:

 

Title:

 

Company:

 

 

 


 

EXHIBIT I

FORM OF LOST NOTE AFFIDAVIT

Loan #: ____________

BORROWER: _____________

LOST NOTE AFFIDAVIT

I, as ____________________ of ______________________, a _______________ corporation am authorized to make this Affidavit on behalf of _____________________ (the “Seller”). In connection with the administration of the Mortgage Loans held by ____________________, a _________________ corporation as Seller on behalf of Mortgage Asset Securitization Transactions, Inc. (the “Purchaser”), _____________________ (the “Deponent”), being duly sworn, deposes and says that:

 

1.

 

 

The Seller’s address is:

_____________________

 

 

_____________________

 

 

_____________________

 

2.

The Seller previously delivered to the Purchaser a signed Initial Certification with respect to such Mortgage and/or Assignment of Mortgage;

 

3.

Such Mortgage Note and/or Assignment of Mortgage was assigned or sold to the Purchaser by ________________________, a ____________ corporation pursuant to the terms and provisions of a Mortgage Loan Purchase Agreement dated as of __________ __, _____;

 

4.

Such Mortgage Note and/or Assignment of Mortgage is not outstanding pursuant to a request for release of Documents;

 

5.

Aforesaid Mortgage Note and/or Assignment of Mortgage (the “Original”) has been lost;

 

6.

Deponent has made or caused to be made a diligent search for the Original and has been unable to find or recover same;

 

7.

The Seller was the Seller of the Original at the time of the loss; and

 

8.

Deponent agrees that, if said Original should ever come into Seller’s possession, custody or power, Seller will immediately and without consideration surrender the Original to the Purchaser.

 

9.

Attached hereto is a true and correct copy of (i) the Note, endorsed in blank by the Mortgagee and (ii) the Mortgage or Deed of Trust (strike one) which ecures the

 


Note, which Mortgage or Deed of Trust is recorded in the county where the property is located.

 

10.   Deponent hereby agrees that the Seller (a) shall indemnify and hold harmless the Purchaser, its successors and assigns, against any loss, liability or damage, including reasonable attorney’s fees, resulting from the unavailability of any Notes, including but not limited to any loss, liability or damage arising from (i) any false statement contained in this Affidavit, (ii) any claim of any party that has already purchased a mortgage loan evidenced by the Lost Note or any interest in such mortgage loan, (iii) any claim of any borrower with respect to the existence of terms of a mortgage loan evidenced by the Lost Note on the related property to the fact that the mortgage loan is not evidenced by an original note and (iv) the issuance of a new instrument in lieu thereof (items (i) through (iv) above hereinafter referred to as the “Losses”) and (b) if required by any Rating Agency in connection with placing such Lost Note into a Pass-Through Transfer, shall obtain a surety from an insurer acceptable to the applicable Rating Agency to cover any Losses with respect to such Lost Note.

11.   This Affidavit is intended to be relied upon by the Purchaser, its successors and assigns. _____________________, a ______________ corporation represents and warrants that is has the authority to perform its obligations under this Affidavit of Lost Note.

Executed this ____ day, of ___________ ______.

SELLER

 

 

By:

 

Name:

 

Title:

 

 

On this _____ day of ________, _____, before me appeared _________________ to me personally known, who being duly sworn did say that he is the _____________________ of ____________________ a ______________ corporation and that said Affidavit of Lost Note was signed and sealed on behalf of such corporation and said acknowledged this instrument to be the free act and deed of said corporation.

Signature:

[Seal]

 


 

EXHIBIT J-1

FORM CERTIFICATION TO BE PROVIDED BY THE MASTER SERVICER

WITH FORM 10-K

Certification

I, [identify the certifying individual], certify that:

1.     I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of [identify issuer (i.e., the name of the specific deal to which this certification relates rather than just the name of the Depositor)];

2.     Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;

3.     Based on my knowledge, the distribution or servicing information required to be provided to the trustee by the servicer under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports;

4.     I am responsible for reviewing the activities performed by the servicer under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the servicer has fulfilled its obligations under that agreement; and

5.     The reports disclose all significant deficiencies relating to the servicer’s compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports.

In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated party: JPMorgan Chase Bank, X.X.

 


 

XXXXX FARGO BANK, N.A

 

 

By:

 

Name:

 

Title:

 

Date:

 

 

 


 

EXHIBIT J-2

FORM OF CERTIFICATION TO BE PROVIDED TO MASTER SERVICER

BY THE SERVICER

Xxxxx Fargo Bank, N.A.

0000 Xxx Xxxxxxxxx Xxxx

Xxxxxxxx, Xxxxxxxx 00000

 

Re:

MASTR Asset Backed Securities Trust 2005-HE2

[JPMorgan Chase Bank, N.A.], as Servicer hereby certifies to the Master Servicer that:

1.     Based on my knowledge, the information in the Annual Statement of Compliance, the Annual Independent Public Accountant’s Servicing Report and all servicing reports, officer’s certificates and other information relating to the servicing of the Mortgage Loans submitted to the Master Servicer taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the date of this certification;

2.     Based on my knowledge, the servicing information required to be provided to the Master Servicer and the Purchaser by the Servicer under this Servicing Agreement has been provided to the Purchaser and the Master Servicer;

3.     I am responsible for reviewing the activities performed by the Servicer under the Servicing Agreement and based upon the review required by this Servicing Agreement, and except as disclosed in the Annual Statement of Compliance and the Annual Independent Public Accountant’s Servicing Report submitted to the Master Servicer, the Servicer has, as of the date of this certification fulfilled its obligations under this Servicing Agreement; and

 

4.

I have disclosed to the Master Servicer all significant deficiencies relating to the

Servicer’s compliance with the minimum servicing standards in accordance with a review conducted in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar standard as set forth in the Servicing Agreement.

Capitalized terms used but not defined herein have the meanings ascribed to them in the Servicing Agreement, dated May 1, 0000, xxxxxxx Xxxxx Xxxxxxxxx Mortgage Corporation as seller and servicer and the Seller as purchaser, as such servicing agreement has been assigned and modified pursuant to the Servicer’s Assignment Agreement.

 


 

JPMorgan Chase Bank, N.A. as Servicer

 

 

 

By:

 

Name:

 

Title:

 

Date:

 

 

 


 

EXHIBIT K

ANNUAL STATEMENT OF COMPLIANCE PURSUANT TO SECTION 3.20

MASTR Asset Backed Securities Trust 2005-HE2

MORTGAGE PASS THROUGH CERTIFICATES, SERIES 2005-HE2

I, _____________________________________, hereby certify that I am a duly appointed __________________________ of Xxxxx Fargo Bank, N.A. (the “Master Servicer”), and further certify as follows:

1.     This certification is being made pursuant to the terms of the Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Agreement”), among Mortgage Asset Securitization Transactions, Inc., as depositor, the Master Servicer, as master servicer and trust administrator and U.S. Bank National Association, as trustee.

2.     I have reviewed the activities of the Master Servicer during the preceding year and the Master Servicer’s performance under the Agreement and to the best of my knowledge, based on such review, the Master Servicer has fulfilled all of its obligations under the Agreement throughout the year.

Capitalized terms not otherwise defined herein have the meanings set forth in the Agreements.

Dated: _____________, 2005

 


 

IN WITNESS WHEREOF, the undersigned has executed this Certificate as of _____________.

By:

 

Name:

 

Title:

 

 

I, _________________________, a (an) __________________ of the Master Servicer, hereby certify that _________________ is a duly elected, qualified, and acting _______________________ of the Master Servicer and that the signature appearing above is his/her genuine signature.

IN WITNESS WHEREOF, the undersigned has executed this Certificate as of ______________.

By:

 

Name:

 

Title:

 

 

 


 

EXHIBIT L

 

[RESERVED]

 

 


 

EXHIBIT M

 

FORM OF INTEREST RATE SWAP AGREEEMENT

 


(Multicurrency-Cross Border)

ISDA®

 

International Swap Dealers Association, Inc.

 

MASTER AGREEMENT

 

dated as of September 30, 2005

 

SWISS RE FINANCIAL PRODUCTS CORPORATION

and

Xxxxx Fargo Bank, National Association, not individually, but solely as trustee on behalf of the Supplemental Interest Trust formed in connection with the MASTR 2005-HE2 transaction

have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions.

Accordingly, the parties agree as follows: ?

1.

Interpretation

(a)          Definitions. The terms defined in Section 14 and in the Schedule will have the meanings therein specified for the purpose of this Master Agreement.

(b)          Inconsistency. In the event of any inconsistency between the provisions of the Schedule and the other provisions of this Master Agreement, the Schedule will prevail. In the event of any inconsistency between the provisions of any Confirmation and this Master Agreement (including the Schedule), such Confirmation will prevail for the purpose of the relevant Transaction.

(c)          Single Agreement. All Transactions are entered into in reliance on the fact that this Master Agreement and all Confirmations form a single agreement between the parties (collectively referred to as this “Agreement”), and the parties would not otherwise enter into any Transactions.

2.

Obligations

 

(a)

General Conditions.

(i)           Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this Agreement.

(ii)          Payments under this Agreement will be made on the due date for value on that date in the place of the account specified in the relevant Confirmation or otherwise pursuant to this Agreement, in freely transferable funds and in the manner customary for payments in the required currency. Where settlement is by delivery (that is, other than by payment), such delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in this Agreement.

 


 

(iii)         Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other applicable condition precedent specified in this Agreement.

(b)          Change of Account. Either party may change its account for receiving a payment or delivery by giving notice to the other party at least five Local Business Days prior to the scheduled date for the payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change.

(c)

Netting. If on any date amounts would otherwise be payable:―

 

(i)

in the same currency; and

 

 

(ii)

in respect of the same Transaction,

 

by each party to the other, then, on such date, each party’s obligation to make payment of any such amount will be automatically satisfied and discharged and, if the aggregate amount that would otherwise have been payable by one party exceeds the aggregate amount that would otherwise have been payable by the other party, replaced by an obligation upon the party by whom the larger aggregate amount would have been payable to pay to the other party the excess of the larger aggregate amount over the smaller aggregate amount.

The parties may elect in respect of two or more Transactions that a net amount will be determined in respect of all amounts payable on the same date in the same currency in respect of such Transactions, regardless of whether such amounts are payable in respect of the same Transaction. The election may be made in the Schedule or a Confirmation by specifying that subparagraph (ii) above will not apply to the Transactions identified as being subject to the election, together with the starting date (in which case subparagraph (ii) above will not, or will cease to, apply to such Transactions from such date). This election may be made separately for different groups of Transactions and will apply separately to each pairing of Offices through which the parties make and receive payments or deliveries.

(d)

Deduction or Withholding for Tax.

(i)           Gross-Up. All payments under this Agreement will be made without any deduction or withholding for or on account of any Tax unless such deduction ,or withholding is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, then in effect. If a party is so required to deduct or withhold, then that party (“X”) will:?

 

(1)

promptly notify the other party (“Y”) of such requirement;

(2)          pay to the relevant authorities the full amount required to be deducted or withheld (including the full amount required to be deducted or withheld from any additional amount paid by X to Y under this Section 2(d)) promptly upon the earlier of determining that such deduction or withholding is required or receiving notice that such amount has been assessed against Y;

(3)          promptly forward to Y an official receipt (or a certified copy), or other documentation reasonably acceptable to Y evidencing such payment to such authorities; and

 


 

(4)          if such Tax is an Indemnifiable Tax, pay to Y, in addition to the payment to which Y is otherwise entitled under this Agreement, such additional amount as is necessary to ensure that the net amount actually received by Y (free and clear of Indemnifiable Taxes, whether assessed against X or Y) will equal the full amount Y would have received had no such deduction or withholding been required. However, X will not be required to pay any additional amount to Y to the extent that it would not be required to be paid but for:

(A)         the failure by Y to comply with or perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d); or

(B)         the failure of a representation made by Y pursuant to Section 3(f) to be accurate and true unless such failure would not have occurred but for (I) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (II) a Change in Tax Law.

 

(ii)

Liability. If: ―

(1)          X is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, to make any deduction or withholding in respect of which X would not be required to pay an additional amount to Y under Section 2(d)(i)(4);

 

(2)

X does not so deduct or withhold; and

 

 

(3)

a liability resulting from such Tax is assessed directly against X,

then, except to the extent Y has satisfied or then satisfies the liability resulting from such Tax, Y will promptly pay to X the amount of such liability (including any related liability for interest, but including any related liability for penalties only if Y has failed to comply with or perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d)).

(e)          Default Interest; Other Amounts. Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party that defaults in the performance of any payment obligation will, to the extent permitted by law and subject to Section 6(c), be required to pay interest (before as well as after judgment) on the overdue amount to the other party on demand in the same currency as such overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed. If, prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party defaults in the performance of any obligation required to be settled by delivery, it will compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement.

3.

Representations

Each party represents to the other party (which representations will be deemed to be repeated by each party on each date on which a Transaction is entered into and, in the case of the representations in Section 3(f), at all times until the termination of this Agreement) that:?

(a)

Basic Representations.

 

 


 

(i)           Status. It is duly organised and validly existing under the laws of the jurisdiction of its organisation or incorporation and, if relevant under such laws, in good standing;

(ii)          Powers. It has the power to execute this Agreement and any other documentation relating to this Agreement to which it is a party, to deliver this Agreement and any other documentation relating to this Agreement that it is required by this Agreement to deliver and to perform its obligations under this Agreement and any obligations it has under any Credit Support Document to which it is a party and has taken all necessary action to authorise such execution, delivery and performance;

(iii)         No Violation or Conflict. Such execution, delivery and performance do not violate or conflict with any law applicable to it, any provision of its constitutional documents, any order or judgment of any court or other agency of government applicable to it or any of its assets or any contractual restriction binding on or affecting it or any of its assets;

(iv)         Consents. All governmental and other consents that are required to have been obtained by it with respect to this Agreement or any Credit Support Document to which it is a party have been obtained and are in full force and effect and all conditions of any such consents have been complied with; and

(v)          Obligations Binding. Its obligations under this Agreement and any Credit Support Document to which it is a party constitute its legal, valid and binding obligations, enforceable in accordance with their respective terms (subject to applicable bankruptcy, reorganisation, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)).

(b)          Absence of Certain Events. No Event of Default or Potential Event of Default or, to its knowledge, Termination Event with respect to it has occurred and is continuing and no such event or circumstance would occur as a result of its entering into or performing its obligations under this Agreement or any Credit Support Document to which it is a party.

(c)          Absence of Litigation. There is not pending or, to its knowledge, threatened against it or any of its Affiliates any action, suit or proceeding at law or in equity or before any court, tribunal, governmental body, agency or official or any arbitrator that is likely to affect the legality, validity or enforceability against it of this Agreement or any Credit Support Document to which it is a party or its ability to perform its obligations under this Agreement or such Credit Support Document;

(d)          Accuracy of Specified Information. All applicable information that is furnished in writing by or on behalf of it to the other party and is identified for the purpose of this Section 3(d) in the Schedule is, as of the date of the information, true, accurate and complete in every material respect.

(e)          Payer Tax Representation. Each representation specified in the Schedule as being made by it for the purpose of this Section 3(e) is accurate and true.

(f)           Payee Tax Representations. Each representation specified in the Schedule as being made by it for the purpose of this Section 3(f) is accurate and true.

4.

Agreements

Each party agrees with the other that, so long as either party has or may have any obligation under this Agreement or under any Credit Support Document to which it is a party: ?

 


 

(a)          Furnish Specified Information. It will deliver to the other party or, in certain cases under subparagraph (iii) below, to such government or taxing authority as the other party reasonably directs:?

(i)           any forms, documents or certificates relating to taxation specified in the Schedule or any Confirmation;

 

(ii)

any other documents specified in the Schedule or any Confirmation; and

(iii)        upon reasonable demand by such other party, any form or document that may be required or reasonably requested in writing in order to allow such other party or its Credit Support Provider to make a payment under this Agreement or any applicable Credit Support Document without any deduction or withholding for or on account of any Tax or with such deduction or withholding at a reduced rate (so long as the completion, execution or submission of such form or document would not materially prejudice the legal or commercial position of the party in receipt of such demand), with any such form or document to be accurate and completed in a manner reasonably satisfactory to such other party and to be executed and to be delivered with any reasonably required certification,

in each case by the date specified in the Schedule or such Confirmation or, if none is specified, as soon as reasonably practicable.

(b)          Maintain Authorisations. It will use all reasonable efforts to maintain in full force and effect all consents of any governmental or other authority that are required to be obtained by it with respect to this Agreement or any Credit Support Document to which it is a party and will use all reasonable efforts to obtain any that may become necessary in the future.

(c)          Comply with Laws. It will comply in all material respects with all applicable laws and orders to which it may be subject if failure so to comply would materially impair its ability to perform its obligations under this Agreement or any Credit Support Document to which it is a party.

(d)          Tax Agreement. It will give notice of any failure of a representation made by it under Section 3(f) to be accurate and true promptly upon learning of such failure.

(e)          Payment of Stamp Tax. Subject to Section 11, it will pay any Stamp Tax levied or imposed upon it or in respect of its execution or performance of this Agreement by a jurisdiction in which it is incorporated, organised, managed and controlled, or considered to have its seat, or in which a branch or office through which it is acting for the purpose of this Agreement is located (“Stamp Tax Jurisdiction”) and will indemnify the other party against any Stamp Tax levied or imposed upon the other party or in respect of the other party’s execution or performance of this Agreement by any such Stamp Tax Jurisdiction which is not also a Stamp Tax Jurisdiction with respect to the other party.

5.

Events of Default and Termination Events

(a)          Events of Default. The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any of the following events constitutes an event of default (an “Event of Default”) with respect to such party: ?

(i)           Failure to Pay or Deliver. Failure by the party to make, when due, any payment under this Agreement or delivery under Section 2(a)(i) or 2(e) required to be made by it if such failure is not remedied on or before the third Local Business Day after notice of such failure is given to the party;

 


 

(ii)          Breach of Agreement. Failure by the party to comply with or perform any agreement or obligation (other than an obligation to make any payment under this Agreement or delivery under Section 2(a)(i) or 2(e) or to give notice of a Termination Event or any agreement or obligation under Section 4(a)(i), 4(a)(iii) or 4(d)) to be complied with or performed by the party in accordance with this Agreement if such failure is not remedied on or before the thirtieth day after notice of such failure is given to the party;

 

(iii)

Credit Support Default.

(1)          Failure by the party or any Credit Support Provider of such party to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any Credit Support Document if such failure is continuing after any applicable grace period has elapsed;

(2)          the expiration or termination of such Credit Support Document or the failing or ceasing of such Credit Support Document to be in full force and effect for the purpose of this Agreement (in either case other than in accordance with its terms) prior to the satisfaction of all obligations of such party under each Transaction to which such Credit Support Document relates without the written consent of the other party; or

(3)          the party or such Credit Support Provider disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, such Credit Support Document;

(iv)         Misrepresentation. A representation (other than a representation under Section 3(e) or (f)) made or repeated or deemed to have been made or repeated by the party or any Credit Support Provider of such party in this Agreement or any Credit Support Document proves to have been incorrect or misleading in any material respect when made or repeated or deemed to have been made or repeated;

(v)          Default under Specified Transaction. The party, any Credit Support Provider of such party or any applicable Specified Entity of such party (1) defaults under a Specified Transaction and, after giving effect to any applicable notice requirement or grace period, there occurs a liquidation of, an acceleration of obligations under, or an early termination of, that Specified Transaction, (2) defaults, after giving effect to any applicable notice requirement or grace period, in making any payment or delivery due on the last payment, delivery or exchange date of, or any payment on early termination of, a Specified Transaction (or such default continues for at least three Local Business Days if there is no applicable notice requirement or grace period) or (3) disaffirms, disclaims, repudiates or rejects, in whole or in part, a Specified Transaction (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf);

(vi)         Cross Default. If “Cross Default” is specified in the Schedule as applying to the party, the occurrence or existence of (1) a default, event of default or other similar condition or event (however described) in respect of such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or instruments, relating to Specified Indebtedness of any of them (individually or collectively) in an aggregate amount of not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would otherwise have been due and payable or (2) a default by such party, such Credit Support Provider or such Specified Entity (individually or collectively) in making one or more payments on the due date thereof in an aggregate amount of not less than the applicable Threshold Amount under such agreements or instruments (after giving effect to any applicable notice requirement or grace period);

 


 

(vii)       Bankruptcy. The party, any Credit Support Provider of such party or any applicable Specified Entity of such party: ?

(1) is dissolved (other than pursuant to a consolidation, amalgamation or merger); (2) becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (3) makes a general assignment, arrangement or composition with or for the benefit of its creditors; (4) institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition is presented for its winding-up or liquidation, and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition (A) results in a judgment of insolvency or bankruptcy or the entry of an order for relief or the making of an order for its winding-up or liquidation or (B) is not dismissed, discharged, stayed or restrained in each case within 30 days of the institution or presentation thereof; (5) has a resolution passed for its winding-up, official management or liquidation (other than pursuant to a consolidation, amalgamation or merger); (6) seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for it or for all or substantially all its assets; (7) has a secured party take possession of all or substantially all its assets or has a distress, execution, attachment, sequestration or other legal process levied, enforced or sued on or against all or substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged, stayed or restrained, in each case within 30 days thereafter; (8) causes or is subject to any event with respect to it which, under the applicable laws of any jurisdiction, has an analogous effect to any of the events specified in clauses (1) to (7) (inclusive); or (9) takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the foregoing acts; or

(viii)      Merger Without Assumption. The party or any Credit Support Provider of such party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer:

(1)          the resulting, surviving or transferee entity fails to assume all the obligations of such party or such Credit Support Provider under this Agreement or any Credit Support Document to which it or its predecessor was a party by operation of law or pursuant to an agreement reasonably satisfactory to the other party to this Agreement; or

(2)          the benefits of any Credit Support Document fail to extend (without the consent of the other party) to the performance by such resulting, surviving or transferee entity of its obligations under this Agreement.

(b)          Termination Events. The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any event specified below constitutes an Illegality if the event is specified in (i) below, a Tax Event if the event is specified in (ii) below or a Tax Event Upon Merger if the event is specified in (iii) below, and, if specified to be applicable, a Credit Event Upon Merger if the event is specified pursuant to (iv) below or an Additional Termination Event if the event is specified pursuant to (v) below: ?

(i)           Illegality. Due to the adoption of, or any change in, any applicable law after the date on which a Transaction is entered into, or due to the promulgation of, or any change in, the interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law after such date, it becomes unlawful (other than as a result of a breach by the party of Section 4(b)) for such party (which will be the Affected Party): ?

 


 

(1)          to perform any absolute or contingent obligation to make a payment or delivery. or to receive a payment or delivery in respect of such Transaction or to comply with any other material provision of this Agreement relating to such Transaction; or

(2)          to perform, or for any Credit Support Provider of such party to perform, any contingent or other obligation which the party (or such Credit Support Provider) has under any Credit Support Document relating to such Transaction;

(ii)          Tax Event. Due to (x) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (y) a Change in Tax Law, the party (which will be the Affected Party) will, or there is a substantial likelihood that it will, on the next succeeding Scheduled Payment Date (1) be required to pay to the other party an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or 6(c)) or (2) receive a payment from which an amount is required to be deducted or withheld for or on account of a Tax (except in respect of interest under Section 2(c), 6(d)(ii) or 6(e)) and no additional amount is required to be paid in respect of such Tax under Section 2(d)(i)(4) (other than by reason of Section 2(d)(i)(4)(A) or (B));

(iii)         Tax Event Upon Merger. The party (the “Burdened Party”) on the next succeeding Scheduled Payment Date will either (1) be required to pay an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) or (2) receive a payment from which an amount has been deducted or withheld for or on account of any Indemnifiable Tax in respect of which the other party is not required to pay an additional amount (other than by reason of Section 2(d)(i)(4)(A) or (B)), in either case as a result of a party consolidating or amalgamating with, or merging with or into, or transferring all or substantially all its assets to, another entity (which will be the Affected Party) where such action does not constitute an event described in Section 5(a)(viii);

(iv)         Credit Event Upon Merger. If “Credit Event Upon Merger” is specified in the Schedule as applying to the party, such party (“X”), any Credit Support Provider of X or any applicable Specified Entity of X consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and such action does not constitute an event described in Section 5(a)(viii) but the creditworthiness of the resulting, surviving or transferee entity is materially weaker than that of X, such Credit Support Provider or such Specified Entity, as the case may be, immediately prior to such action (and, in such event, X or its successor or transferee, as appropriate, will be the Affected Party); or

(v)          Additional Termination Event. If any “Additional Termination Event” is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

(c)          Event of Default and Illegality. If an event or circumstance which would otherwise constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default.

6.

Early Termination

(a)          Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant

 


Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto, (8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8).

(b)

Right to Terminate Following Termination Event.

(i)           Notice. If a Termination Event occurs, an Affected Party will, promptly upon becoming aware of it, notify the other party, specifying the nature of that Termination Event and each Affected Transaction and will also give such other information about that Termination Event as the other party may reasonably require.

(ii)          Transfer to Avoid Termination Event. If either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist.

If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i).

Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party’s policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed.

(iii)         Two Affected Parties. If an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there are two Affected Parties, each party will use all reasonable efforts to reach agreement within 30 days after notice thereof is given under Section 6(b)(i) on action to avoid that Termination Event.

 

(iv)

Right to Terminate. If. ―

(1)          a transfer under Section 6(b)(ii) or an agreement under Section 6(b)(iii), as the case may be, has not been effected with respect to all Affected Transactions within 30 days after an Affected Party gives notice under Section 6(b)(i); or

(2)          an Illegality under Section 5(b)(i)(2), a Credit Event Upon Merger or an Additional Termination Event occurs, or a Tax Event Upon Merger occurs and the Burdened Party is not the Affected Party,

either party in the case of an Illegality, the Burdened Party in the case of a Tax Event Upon Merger, any Affected Party in the case of a Tax Event or an Additional Termination Event if there is more than one Affected Party, or the party which is not the Affected Party in the case of a Credit Event Upon Merger or an Additional Termination Event if there is only one Affected Party

 


may, by not more than 20 days notice to the other party and provided that the relevant Termination Event is then continuing, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all Affected Transactions.

(c)

Effect of Designation.

(i)           If notice designating an Early Termination Date is given under Section 6(a) or (b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing.

(ii)          Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under Section 2(a)(i) or 2(e) in respect of the Terminated Transactions will be required to be made, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date shall be determined pursuant to Section 6(e).

(d)

Calculations.

(i)           Statement. On or as soon as reasonably practicable following the occurrence of an Early Termination Date, each party will make the calculations on its part, if any, contemplated by Section 6(e) and will provide to the other party a statement (1) showing, in reasonable detail, such calculations (including all relevant quotations and specifying any amount payable under Section 6(e)) and (2) giving details of the relevant account to which any amount payable to it is to be paid. In the absence of written confirmation from the source of a quotation obtained in determining a Market Quotation, the records of the party obtaining such quotation will be conclusive evidence of the existence and accuracy of such quotation.

(ii)          Payment Date. An amount calculated as being due in respect of any Early Termination Date under Section 6(e) will be payable on the day that notice of the amount payable is effective (in the case of an Early Termination Date which is designated or occurs as a result of an Event of Default) and on the day which is two Local Business Days after the day on which notice of the amount payable is effective (in the case of an Early Termination Date which is designated as a result of a Termination Event). Such amount will be paid together with (to the extent permitted under applicable law) interest thereon (before as well as after judgment) in the Termination Currency, from (and including) the relevant Early Termination Date to (but excluding) the date such amount is paid, at the Applicable Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed.

(e)          Payments on Early Termination. If an Early Termination Date occurs, the following provisions shall apply based on the parties’ election in the Schedule of a payment measure, either “Market Quotation” or “Loss”, and a payment method, either the “First Method” or the “Second Method”. If the parties fail to designate a payment measure or payment method in the Schedule, it will be deemed that “Market Quotation” or the “Second Method”, as the case may be, shall apply. The amount, if any, payable in respect of an Early Termination Date and determined pursuant to this Section will be subject to any Set-off.

 

(i)

Events of Default. If the Early Termination Date results from an Event of Default: ―

(1)          First Method and Market Quotation. If the First Method and Market Quotation apply, the Defaulting Party will pay to the Non-defaulting Party the excess, if a positive number, of (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency

 


Equivalent of the Unpaid Amounts owing to the Non-defaulting Party over (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party.

(2)          First Method and Loss. If the First Method and Loss apply, the Defaulting Party will pay to the Non-defaulting Party, if a positive number, the Non-defaulting Party’s Loss in respect of this Agreement.

(3)          Second Method and Market Quotation. If the Second Method and Market Quotation apply, an amount will be payable equal to (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party less (E) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

(4)          Second Method and Loss. If the Second Method and Toss apply, an amount will be payable equal to the Non-defaulting Party’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party.

 

(ii)

Termination Events. If the Early Termination Date results from a Termination Event: ―

(1)          One Affected Party. If there is one Affected Party, the amount payable will be determined in accordance with Section 6(e)(i)(3), if Market Quotation applies, or Section 6(e)(i)(4), if Loss applies, except that, in either case, references to the Defaulting Party and to the Non-defaulting Party will be deemed to be references to the Affected Party and the party which is not the Affected Party, respectively, and, if Loss applies and fewer than all the Transactions are being terminated, Loss shall be calculated in respect of all Terminated Transactions.

 

(2)

Two Affected Parties. If there are two Affected Parties: ―

(A)         if Market Quotation applies, each party will determine a Settlement Amount in respect of the Terminated Transactions, and an amount will be payable equal to (I) the sum of (a) one-half of the difference between the Settlement Amount of the party with the higher Settlement Amount (“X”) and the Settlement Amount of the party with the lower Settlement Amount (“Y”) and (b) the Termination Currency Equivalent of the Unpaid Amounts owing to X less (II) the Termination Currency Equivalent of the Unpaid Amounts owing to Y; and

(B)         if Loss applies, each party will determine its Loss in respect of this Agreement (or, if fewer than all the Transactions are being terminated, in respect of all Terminated Transactions) and an amount will be payable equal to one-half of the difference between the Loss of the party with the higher Loss (“X”) and the Loss of the party with the lower Loss (“Y”).

If the amount payable is a positive number, Y will pay it to X; if it is a negative number, X will pay the absolute value of that amount to Y

(iii)         Adjustment for Bankruptcy. In circumstances where an Early Termination Date occurs because “Automatic Early Termination” applies in respect of a party, the amount determined

 


under this Section 6(e) will be subject to such adjustments as are appropriate and permitted by law to reflect any payments or deliveries made by one party to the other under this Agreement (and retained by such other party) during the period from the relevant Early Termination Date to the date for payment determined under Section 6(d)(ii).

(iv)         Pre-Estimate. The parties agree that if Market Quotation applies an amount recoverable under this Section 6(e) is a reasonable pre-estimate of loss and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any additional damages as a consequence of such losses.

7.

Transfer

Subject to Section 6(b)(ii), neither this Agreement nor any interest or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) by either party without the prior written consent of the other party, except that: ?

(a)          a party may make such a transfer of this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity (but without prejudice to any other right or remedy under this Agreement); and

(b)          a party may make such a transfer of all or any part of its interest in any amount payable to it from a Defaulting Party under Section 6(e).

Any purported transfer that is not in compliance with this Section will be void.

8.

Contractual Currency

(a)          Payment in the Contractual Currency. Each payment under this Agreement will be made in the relevant currency specified in this Agreement for that payment (the “Contractual Currency”). To the extent permitted by applicable law, any obligation to make payments under this Agreement in the Contractual Currency will not be discharged or satisfied by any tender in any currency other than the Contractual Currency, except to the extent such tender results in the actual receipt by the party to which payment is owed, acting in a reasonable manner and in good faith in converting the currency so tendered into the Contractual Currency, of the full amount in the Contractual Currency of all amounts payable in respect of this Agreement. If for any reason the amount in the Contractual Currency so received falls short of the amount in the Contractual Currency payable in respect of this Agreement, the party required to make the payment will, to the extent permitted by applicable law, immediately pay such additional amount in the Contractual Currency as may be necessary to compensate for the shortfall. If for any reason the amount in the Contractual Currency so received exceeds the amount in the Contractual Currency payable in respect of this. Agreement, the party receiving the payment will refund promptly the amount of such excess.

(b)          Judgments. To the extent permitted by applicable law, if any judgment or order expressed in a currency other than the Contractual Currency is rendered (i) for the payment of any amount owing in respect of this Agreement, (ii) for the payment of any amount relating to any early termination in respect of this Agreement or (iii) in respect of a judgment or order of another court for the payment of any amount described in (i) or (ii) above, the party seeking recovery, after recovery in full of the aggregate amount to which such party is entitled pursuant to the judgment or order, will be entitled to receive immediately from the other party the amount of any shortfall of the Contractual Currency received by such party as a consequence of sums paid in such other currency and will refund promptly to the other party any excess of the Contractual Currency received by such party as a consequence of sums paid in such other currency if such shortfall or such excess arises. or results from any variation between the rate

 


of exchange at which the Contractual Currency is converted into the currency of the judgment or order for the purposes of such judgment or order and the rate of exchange of which such party is able, acting in a reasonable manner and in good faith in converting the currency received into the Contractual Currency, to purchase the Contractual Currency with the amount of the currency of the judgment or order actually received by such party. The term “rate of exchange” includes, without limitation, any premiums and costs of exchange payable in connection with the. purchase of or conversion into the Contractual Currency.

(c)          Separate Indemnities. To the extent permitted by applicable law, these indemnities constitute separate and independent obligations from the other obligations in this Agreement, will be enforceable as separate and independent causes of action, will apply notwithstanding any indulgence granted by the party to which any payment is owed and will not be affected by judgment being obtained or claim or proof being made for any other sums payable in respect of this Agreement.

(d)          Evidence of Loss. For the purpose of this Section 8, it will be sufficient for a party to demonstrate that it would have suffered a loss had an actual exchange or purchase been made.

9.

Miscellaneous

(a)          Entire Agreement. This Agreement constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communication and prior writings with respect thereto.

(b)          Amendments. No amendment, modification or waiver in respect of this Agreement will be effective unless in writing (including a writing evidenced by a facsimile transmission) and executed by each of the parties or confirmed by an exchange of telexes or electronic messages on an electronic messaging system.

(c)          Survival of Obligations. Without prejudice to Sections 2(a)(iii) and 6(c)(ii), the obligations of the parties under this Agreement will survive the termination of any Transaction.

(d)          Remedies Cumulative. Except as provided in this Agreement, the rights, powers, remedies and privileges provided in this Agreement are cumulative and not exclusive of any rights, powers, remedies and privileges provided by law.

(e)

Counterparts and Confirmations.

(i)           This Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original.

(ii)          The parties intend that they are legally bound by the terms of each Transaction from the moment they agree to those terms (whether orally or otherwise). A Confirmation shall he entered into as soon as practicable and may be executed and delivered in counterparts (including by facsimile transmission) or be created by an exchange of telexes or by an exchange of electronic messages on an electronic messaging system, which in each case will be sufficient for all purposes to evidence a binding supplement to this Agreement. The parties will specify therein or through another effective means that any such counterpart, telex or electronic message constitutes a Confirmation.

(f)           No Waiver of Rights. A failure or delay in exercising any right, power or privilege in respect of this Agreement will not be presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power or privilege or the exercise of any other right, power or privilege.

 


 

(g)          Headings. The headings used in this Agreement are for convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Agreement.

10.

Offices; Multibranch Parties

(a)          If Section 10(a) is specified in the Schedule as applying, each party that enters into a Transaction through an Office other than its head or home office represents to the other party that, notwithstanding the place of booking office or jurisdiction of incorporation or organisation of such party, the obligations of such party are the same as if it had entered into the Transaction through its head or home office. This representation will be deemed to be repeated by such party on each date on which a Transaction is entered into.

(b)          Neither party may change the Office through which it makes and receives payments or deliveries for the purpose of a Transaction without the prior written consent of the other party.

(c)          If a party is specified as a Multibranch Party in the Schedule, such Multibranch Party may make and receive payments or deliveries under any Transaction through any Office listed in the Schedule, and the Office through which it makes and receives payments or deliveries with respect to a Transaction will be specified in the relevant Confirmation.

11.

Expenses

A Defaulting Party will, on demand, indemnify and hold harmless the other party for and against all reasonable out-of-pocket expenses, including legal fees and Stamp Tax, incurred by such other party by. reason of the enforcement and protection of its rights under this Agreement or any Credit Support Document to which the Defaulting Party is a party or by reason of the early termination of any Transaction, including, but not limited to, costs of collection.

12.

Notices

(a)          Effectiveness. Any notice or other communication in respect of this Agreement may be given in any manner set forth below (except that a notice or other communication under Section 5 or 6 may not be given by facsimile transmission or electronic messaging system) to the address or number or in accordance with the electronic messaging system details provided (see the Schedule) and will be deemed effective as indicated: ?

 

(i)

if in writing and delivered in person or by courier, on the date it is delivered;

 

(ii)

if sent by telex, on the date the recipient’s answerback is received;

 

(iii)        if sent by facsimile transmission, on the date that transmission is received by a responsible employee of the recipient in legible form (it being agreed that the burden of proving receipt will be on the sender and will not be met by a transmission report generated by the sender’s facsimile machine);

(iv)        if sent by certified or registered mail (airmail, if overseas) or the equivalent (return receipt requested), on the date that mail is delivered or its delivery is attempted; or

 

(v)

if sent by electronic messaging system, on the date that electronic message is received,

unless the date of that delivery (or attempted delivery) or that receipt, as applicable, is not a Local Business Day or that communication is delivered (or attempted) or received, as applicable, after the close

 


of business on a Local Business Day, in which case that communication shall be deemed given and effective on the first following day that is a Local Business Day.

(b)          Change of Addresses. Either party may by notice to the other change the address, telex or facsimile number or electronic messaging system details at which notices or other communications are to be given to it.

13.

Governing Law and Jurisdiction

(a)          Governing Law. This Agreement will be governed by and construed in accordance with the law specified in the Schedule.

(b)          Jurisdiction. With respect to any suit, action or proceedings relating to this Agreement (“Proceedings”), each party irrevocably:

(i)           submits to the jurisdiction of the English courts, if this Agreement is expressed to be governed by English law, or to the non-exclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of Manhattan in New York City, if this Agreement is expressed to be governed by the laws of the State of New York; and

(ii)          waives any objection which it may have at any time to the laying of venue of any Proceedings brought in any such court, waives any claim that such Proceedings have been brought in an inconvenient forum and further waives the right to object, with respect to such Proceedings, that such court does not have any jurisdiction over such party.

Nothing in this Agreement precludes either party from bringing Proceedings in any other jurisdiction (outside, if this Agreement is expressed to be governed by English law, the Contracting States, as defined in Section 1(3) of the Civil Jurisdiction and Judgments Xxx 0000 or any modification, extension or re-enactment thereof for the time being in force) nor will the bringing of Proceedings in any one or more jurisdictions preclude the bringing of Proceedings in any other jurisdiction.

(c)          Service of Process. Each party irrevocably appoints the Process Agent (if any) specified opposite its name in the Schedule to receive, for it and on its behalf, service of process in any Proceedings. If for any reason any party’s Process Agent is unable to act as such, such party will promptly notify the other party and within 30 days appoint a substitute process agent acceptable to the other party. The parties irrevocably consent to service of process given in the manner provided for notices in Section 12. Nothing in this Agreement will affect the right of either party to serve process in any other manner permitted by law.

(d)          Waiver of Immunities. Each party irrevocably waives, to the fullest extent permitted by applicable law, with respect to itself and its revenues and assets (irrespective of their use or intended use), all immunity on the grounds of sovereignty or other similar grounds from (i) suit, (ii) jurisdiction of any court, (iii) relief by way of injunction, order for specific performance or for recovery of property, (iv) attachment of its assets (whether before or after judgment) and (v) execution or enforcement of any judgment to which it or its revenues or assets might otherwise be entitled in any Proceedings in the courts of any jurisdiction and irrevocably agrees, to the extent permitted by applicable law, that it will not claim any such immunity in any Proceedings.

14.

Definitions

As used in this Agreement: ?

“Additional Termination Event” has the meaning specified in Section 5(b).

 


 

“Affected Party” has the meaning specified in Section 5(b).

“Affected Transactions” means (a) with respect to any Termination Event consisting of an Illegality, Tax Event or Tax Event Upon Merger, all Transactions affected by the occurrence of such Termination Event and (b) with respect to any other Termination Event, all Transactions.

“Affiliate” means, subject to the Schedule, in relation to any person, any entity controlled, directly or indirectly, by the person, any entity that controls, directly or indirectly, the person or any entity directly or indirectly under common control with the person. For this purpose, “control” of any entity or person means ownership of a majority of the voting power of the entity or person.

“Applicable Rate” means: ?

(a)          in respect of obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Defaulting Party, the Default Rate;

(b)          in respect of an obligation to pay an amount under Section 6(e) of either party from and after the date (determined in accordance with Section 6(d)(ii)) on which that amount is payable, the Default Rate;

(c)          in respect of all other obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Non-defaulting Party, the Non-default Rate; and

(d)

in all other cases, the Termination Rate.

“Burdened Party” has the meaning specified in Section 5(b).

“Change in Tax Law” means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

“consent” includes a consent, approval, action, authorization, exemption, notice, filing, registration or exchange control consent.

“Credit Event Upon Merger” has the meaning specified in Section 5(b).

“Credit Support Document” means any agreement or instrument that is specified as such in this Agreement.

“Credit Support Provider” has the meaning specified in the Schedule.

“Default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the relevant payee (as certified by it) if it were to fund or of funding the relevant amount plus 1 % per annum.

“Defaulting Party” has the meaning specified in Section 6(a).

“Early Termination Date” means the date determined in accordance with Section 6(a) or 6(b)(iv).

“Event of Default” has the meaning specified in Section 5(a) and, if applicable, in the Schedule.

“Illegality” has the meaning specified in Section 5(b).

“Indemniftable Tax” means any Tax other than a Tax that would not be imposed in respect of a payment under this Agreement but for a present or former connection between the jurisdiction of the government

 


or taxation authority imposing such Tax and the recipient of such payment or a person related to such recipient (including, without limitation, a connection arising from such recipient or related person being or having been a citizen or resident of such jurisdiction, or being or having been organised, present or engaged in a trade or business in such jurisdiction, or having or having had a permanent establishment or fixed place of business in such jurisdiction, but excluding a connection arising solely from such recipient or related person having executed, delivered, performed its obligations or received a payment under, or enforced, this Agreement or a Credit Support Document).

“law” includes any treaty, law, rule or regulation (as modified, in the case of tax matters, by the practice of any relevant governmental revenue authority) and “lawful” and “unlawful” will be construed accordingly.

“Local Business Day” means, subject to the Schedule, a day on which commercial banks. are open for business (including dealings in foreign exchange and foreign currency deposits) (a) in relation to any obligation under Section 2(a)(i), in the place(s) specified in the relevant Confirmation or, if not so specified, as otherwise agreed by the parties in writing or determined, pursuant to provisions contained, or incorporated by reference, in this Agreement, (b) in relation to any other payment, in the place where the relevant account is located and, if different, in the principal financial centre, if any, of the currency of such payment, (c) in relation to any notice or other communication, including notice contemplated under Section 5(a)(i), in the city specified in the address for notice provided by the recipient and, in the case of a notice contemplated by Section 2(b), in the place where the relevant new account is to be located and (d) in relation to Section 5(a)(v)(2), in the relevant locations for performance with respect to such Specified Transaction.

“Loss” means, with respect to this Agreement or one or more Terminated Transactions, as the case may be, and a party, the Termination Currency Equivalent of an amount that party reasonably determines in good faith to be its total losses and costs (or gain, in which case expressed as a negative number) in connection with this Agreement or that Terminated Transaction or group of Terminated Transactions, as the case may be, including any loss of bargain, cost of funding or, at the election of such party but without duplication, loss or cost incurred as a result of its terminating, liquidating, obtaining or reestablishing any hedge or related trading position (or any gain resulting from any of them). Loss includes losses and costs (or gains) in respect of any payment or delivery required to have been made (assuming satisfaction of each applicable condition precedent) on or before the relevant Early Termination Date and not made, except, so as to avoid duplication, if Section 6(e)(i)(1) or (3) or 6(e)(ii)(2)(A) applies. Loss does not include a party’s legal fees and out-of-pocket expenses referred to under Section 11. A party will determine its Loss as of the relevant Early Termination Date, or, if that is not reasonably practicable, as of the earliest date thereafter as is reasonably practicable. A party may (but need not) determine its Loss by reference to quotations of relevant rates or prices from one or more leading dealers in the relevant markets.

“Market Quotation” means, with respect to one or more Terminated Transactions and a party making the determination, an amount determined on the basis of quotations from Reference Market-makers. Each quotation will be for an amount, if any, that would be paid to such party (expressed as a negative number) or by such party (expressed as a positive number) in consideration of an agreement between such party (taking into account any existing Credit Support Document with respect to the obligations of such party) and the quoting Reference Market-maker to enter into a transaction (the “Replacement Transaction”) that would have the effect of preserving for such party the economic equivalent of any payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that date. For this purpose, Unpaid Amounts in respect of the Terminated Transaction or group of Terminated Transactions are to be excluded but, without limitation, any payment or delivery that would, but for the relevant Early Termination Date, have been required (assuming satisfaction of each applicable condition precedent) after that Early Termination Date is to be

 


included. The Replacement Transaction would be subject to such documentation as such party and the Reference Market-maker may, in good faith, agree. The party making the determination (or its agent) will request each Reference Market-maker to provide its quotation to the extent reasonably practicable; as of the same day and time (without regard to different time zones) on or as soon as reasonably practicable after the relevant Early Termination Date. The day and time as of which those quotations are to be obtained will be selected in good faith by the party obliged to make a determination under Section 6(c), and, if each party is so obliged, after consultation with the other. If more than three quotations are provided, the Market Quotation will be the arithmetic mean of the quotations, without regard to the quotations having the highest and lowest values. If exactly three such quotations are provided, the Market Quotation will be the quotation remaining after disregarding the highest and lowest quotations. For this purpose, if more than one quotation has the same highest value or lowest value, then one of such quotations shall be disregarded. If fewer than three quotations are provided, it will be deemed that the Market Quotation in respect of such Terminated Transaction or group of Terminated Transactions cannot be determined.

“Non-default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.

“Non-defaulting Party” has the meaning specified in Section 6(a).

“Office” means a branch or office of a party, which may be such party’s head or home office.

“Potential Event of Default” means any event which, with the giving of notice or the lapse of time or both, would constitute an Event of Default.

“Reference Market-makers” means four leading dealers in the relevant market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing which satisfy all the criteria that such party applies generally at the time in deciding whether to offer or to make an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city.

“Relevant Jurisdiction” means, with respect to a party, the jurisdictions (a) in which the party is incorporated, organised, managed and controlled or considered to have its seat, (b) where an Office through which the party is acting for purposes of this Agreement is located, (c) in which the party executes this Agreement and (d) in relation to any payment, from or through which such payment is made.

“Scheduled Payment Date” means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

“Set-off” means set-off, offset, combination of accounts, right of retention or withholding or similar right or requirement to which the payer of an amount under Section 6 is entitled or subject (whether arising under this Agreement, another contract, applicable law or otherwise) that is exercised by, or imposed on, such payer.

“Settlement Amount” means, with respect to a party and any Early Termination Date, the sum of: ?

(a)          the Termination Currency Equivalent of the Market Quotations (whether positive or negative) for each Terminated Transaction or group of Terminated Transactions for which a Market Quotation is determined; and

(b)          such party’s Loss (whether positive or negative and without reference to any Unpaid Amounts) for each Terminated Transaction or group of Terminated Transactions for which a Market Quotation

 


cannot be determined or would not (in the reasonable belief of the party making the determination) produce a commercially reasonable result.

“Specified Entity” has the meanings specified in the Schedule.

“Specified Indebtedness” means, subject to the Schedule, any obligation (whether present or future, contingent or otherwise, as principal or surety or otherwise) in respect of borrowed money.

“Specified Transaction” means, subject to the Schedule, (a) any transaction (including an agreement with respect thereto) now existing or hereafter entered into between one party to this Agreement (or any Credit Support Provider of such party or any applicable Specified Entity of such party) and the other party to this Agreement (or any Credit Support Provider of such other party or any applicable Specified Entity of such other party) which is a rate swap transaction, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions), (b) any combination of these transactions and (c) any other transaction identified as a Specified Transaction in this Agreement or the relevant confirmation.

“Stamp Tax” means any stamp, registration, documentation or similar tax.

“Tax” means any present or future tax, levy, impost, duty, charge, assessment or fee of any nature (including interest, penalties and additions thereto) that is imposed by any government or other taxing authority in respect of any payment under this Agreement other than a stamp, registration, documentation or similar tax.

“Tax Event” has the meaning specified in Section 5(b).

“Tax Event Upon Merger” has the meaning specified in Section 5(b).

“Terminated Transactions” means with respect to any Early Termination Date (a) if resulting from a Termination Event, all Affected Transactions and (b) if resulting from an Event of Default, all Transactions (in either case) in effect immediately before the effectiveness of the notice designating that Early Termination Date (or, if “Automatic Early Termination” applies, immediately before that Early Termination Date).

“Termination Currency” has the meaning specified in the Schedule.

“Termination Currency Equivalent” means, in respect of any amount denominated in the Termination Currency, such Termination Currency amount and, in respect of any amount denominated in a currency other than the Termination Currency (the “Other Currency”), the amount in the Termination Currency determined by the party making the relevant determination as being required to purchase such amount of such Other Currency as at the relevant Early Termination Date, or, if the relevant Market Quotation or Loss (as the case may be), is determined as of a later date, that later date, with the Termination Currency at the rate equal to the spot exchange rate of the foreign exchange agent (selected as provided below) for the purchase of such Other Currency with the Termination Currency at or about 11:00 a.m. (in the city in which such foreign exchange agent is located) on such date as would be customary for the determination of such a rate for the purchase of such Other Currency for value on the relevant Early Termination Date or that later date. The foreign exchange agent will, if only one party is obliged to make a determination under Section 6(e), be selected in good faith by that party and otherwise will be agreed by the parties.

“Termination Event” means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.

 


 

“Termination Rate” means a rate per annum equal to the arithmetic mean of the cost (without proof or evidence of any actual cost) to each party (as certified by such party) if it were to fund or of funding such amounts.

“Unpaid Amounts” owing to any party means, with respect to an Early Termination Date, the aggregate of (a) in respect of all Terminated Transactions, the amounts that became payable (or that would have become payable but for Section 2(a)(iii)) to such party under Section 2(a)(i) on or prior to such Early Termination Date and which remain unpaid as at such Early Termination Date and (b) in respect of each Terminated Transaction, for each obligation under Section 2(a)(i) which was (or would have been but for Section 2(a)(iii)) required to be settled by delivery to such party on or prior to such Early Termination Date and which has not been so settled as at such Early Termination Date, an amount equal to the fair market value of that which was (or would have been) required to be delivered as of the originally scheduled date for delivery, in each case together with (to the extent permitted under applicable law) interest, in the currency of such amounts, from (and including) the date such amounts or obligations were or would have been required to have been paid or performed to (but excluding), such Early Termination Date, at the Applicable Rate. Such amounts of interest will be calculated on the basis of daily compounding and the actual number of days elapsed. The fair market value of any obligation referred to in clause (b) above shall be reasonably determined by the party obliged to make the determination under Section 6(e) or, if each party is so obliged, it shall be the average of the Termination Currency Equivalents of the fair market values reasonably determined by both parties.

 


 

IN WITNESS WHEREOF the parties have executed this document on the respective dates specified below with effect from the date specified on the first page of this document.

 

 

SWISS RE FINANCIAL PRODUCTS CORPORATION

 

Xxxxx Fargo Bank, National Association, not individually, but solely as trustee on behalf of the Supplemental Interest Trust formed in connection with the MASTR 2005-HE2 transaction

(Name of Party)

 

(Name of Party)

 

By:________________________________ 

 

By:_______________________________

Name:

 

Name:

Title:

 

Title:

Date:

 

Date:

 

 

 

 

 


 

ISDA®

International Swaps and Derivatives Association, Inc.

 

 

SCHEDULE

to the

Master Agreement

 

dated as of September 30, 2005,

 

between SWISS RE FINANCIAL PRODUCTS CORPORATION ("SRFP") and Xxxxx Fargo Bank, National Association, not individually, but solely as trustee on behalf of the Supplemental Interest Trust ("Counterparty") formed in connection with the MASTR 2005-HE2 transaction

 

Part 1. Termination Provisions

 

(a)

"Specified Entity" means in relation to SRFP for the purpose of:

 

Section 5(a)(v),

None,

Section 5(a)(vi),

None,

Section 5(a)(vii),

None,

Section 5(b)(iv),

None,

 

and in relation to Counterparty for the purpose of:

 

Section 5(a)(v),

None,

Section 5(a)(vi),

None,

Section 5(a)(vii),

None,

Section 5(b)(iv),

None.

 

(b)     “Specified Transaction” will, with respect to SRFP, have the meaning specified in Section 14. With respect to Counterparty, “Specified Transaction” will not be applicable.

 

(c)     The “Breach of Agreement” provisions of Section 5(a)(ii) of the Agreement will be inapplicable to SRFP and Counterparty.

 

(d)    The “Credit Support Default” provisions of Section 5(a)(iii) of the Agreement will be inapplicable to SRFP and Counterparty.

 

(e)     The “Misrepresentation” provisions of Section 5(a)(iv) of the Agreement will be inapplicable to SRFP and Counterparty.

 

(f)     The “Default Under Specified Transaction” provisions of Section 5(a)(v) of the Agreement will be inapplicable to SRFP and Counterparty.

 

(g)

The “Bankruptcy” provision of Section 5(a)(vii)(2) of the Agreement will be inapplicable to Counterparty.

 

(h)     The "Cross Default" provisions of Section 5(a)(vi) of this Agreement will be inapplicable to SRFP and Counterparty.

 

(i)      The "Credit Event Upon Merger" provisions of Section 5(b)(iv) of this Agreement will be inapplicable to SRFP and Counterparty.

 

 


 

(j) The "Automatic Early Termination" provisions of Section 6(a) of this Agreement will be inapplicable to SRFP and Counterparty.

 

(k) Payments on Early Termination. For the purpose of Section 6(e) of this Agreement:

 

 

(i)

Market Quotation will apply.

 

 

(ii)

The Second Method will apply.

 

(l)

"Termination Currency" means U.S. Dollars.

 

(m)    Additional Termination Event will apply. An Additional Termination Event will occur upon the occurrence of any of the following events:

 

 

(i)

If a Rating Agency Trigger Event (as defined herein) has occurred and SRFP has not complied with Part 5, paragraph (10), an Additional Termination Event shall have occurred with respect to SRFP and SRFP shall be the sole Affected Party with respect to such Additional Termination Event;

 

 

(ii)

The Trust Fund is terminated pursuant to the Pooling and Servicing Agreement (other than in accordance with clause (iii) below) and Counterparty shall be the sole Affected Party with respect to such Additional Termination Event.

 

(iii) If, at any time, the Terminator purchases the Mortgage Loans pursuant to Section 9.01 of the Pooling and Servicing Agreement, an Additional Termination Event shall have occurred with respect to Counterparty and each of SRFP and Counterparty shall be an Affected Party with respect to such Additional Termination Event; provided, however, that notwithstanding Section 6(b)(iv) of the Agreement, only Counterparty shall have the right to designate an Early Termination Date in respect of this Additional Termination Event; or

 

(iv) The Pooling and Servicing Agreement is amended or modified without the prior written consent of SRFP, where such consent is required under the terms of the Pooling and Servicing Agreement and Counterparty shall be the sole Affected Party with respect to such Additional Termination Event.

 

Part 2. Tax Representations

 

(a)      Payer Tax Representation. For the purpose of Section 3(e) of this Agreement, SRFP and Counterparty will make the following representation:

 

It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Section 2(e), 6(d)(ii) or 6(e) of this Agreement) to be made by it to the other party under this Agreement. In making this representation, it may rely on (i) the accuracy of any representation made by the other party pursuant to Section 3(f) of this Agreement, (ii) the satisfaction of the agreement of the other party contained in Section 4(a)(i) or 4(a)(iii) of this Agreement, and the accuracy and effectiveness of any document provided by the other party pursuant to Section 4(a)(i) or 4(a)(iii) of this Agreement and (iii) the satisfaction of the agreement of the other party contained in Section 4(d) of this Agreement; provided that it shall not be a breach of this representation where reliance is placed on clause (ii) and the other party does not deliver a form or document under Section 4(a)(iii) of this Agreement by reason of material prejudice to its legal or commercial position.

 

(b)     Payee Tax Representations. For the purpose of Section 3(f) of this Agreement, SRFP and Counterparty make the representations specified below, if any:

 

 

(i)

SRFP represents that it is a corporation organized under the laws of the state of Delaware, and

(ii) Counterparty represents that it is the trustee of the Supplemental Interest Trust and a national banking association organized under the laws of the United States.

 

Part 3.

Agreement to Deliver Documents

 

 


 

For the purpose of Section 4(a)(i) and (ii) of this Agreement, each party agrees to deliver the following documents, as applicable:

 

 

Party required

to deliver document

 

 

 

Form/Document/Certificate

 

 

Date by which to be delivered

 

Covered by Section 3(d) Representation

 

(a) Tax forms

 

 

Counterparty

 

IRS Form W-9 (or any successors thereto); each completed in a manner reasonably satisfactory to SRFP.

 

 

(i) Before the first scheduled payment; (ii) promptly upon reasonable demand by SRFP; and (iii) promptly upon learning that any Form W-9 (or any successor thereto) previously provided by Counterparty has become obsolete or incorrect.

 

 

N/A

 

SRFP

 

IRS Form W-9 (or any successors thereto); each completed in a manner reasonably satisfactory to Counterparty.

 

 

(i) Before the first scheduled payment; (ii) promptly upon reasonable demand by Counterparty; and (iii) promptly upon learning that any Form previously provided by SRFP has become obsolete or incorrect.

 

 

N/A

 

(b)    Other documents

 

 

SRFP

 

 

A copy of the financial statements of the Credit Support Provider containing the consolidated financial statements certified by independent certified public accountants and prepared in accordance with accounting principles that are generally accepted in the United States of America.

 

 

As soon as practicable after execution of this Agreement and thereafter on request.

 

No

 

SRFP

 

 

Evidence of (i) the authority of SRFP and its Credit Support Provider, as applicable, to enter into this Agreement and supplemental Confirmations and the Credit Support Document specified in Part 4, Section (f) of this Schedule, as the case may be, and (ii) the authority and signature specimens of persons authorised to sign on behalf of SRFP and its Credit Support Provider, as applicable, reasonably satisfactory to the other party.

 

 

As soon as practicable after execution of this Agreement

or execution of a Confirmation of a Transaction, as applicable

 

Yes

 

 


 

 

 

Counterparty

 

Evidence of (i) the authority of Counterparty to enter into this Agreement and supplemental Confirmations and (ii) the authority and signature specimens of persons authorised to sign on behalf of Counterparty reasonably satisfactory to the other party.

 

 

Upon execution of this Agreement.

 

 

Yes

 

SRFP

 

 

A duly executed copy of the Credit Support Document specified in Part 4, Section (f) of this Schedule to be delivered by SRFP.

 

As soon as practicable after execution of this Agreement.

 

 

No

 

SRFP

 

An opinion of SRFP’s counsel addressed to Counterparty in form and substance reasonably acceptable to Counterparty.

 

Closing Date.

 

Yes

 

Counterparty

 

An opinion of Counterparty’s counsel addressed to SRFP in form and substance reasonably acceptable to SRFP.

 

Closing Date.

 

Yes

Counterparty

The Pooling and Servicing Agreement

Closing Date.

Yes

 

Part 4. Miscellaneous

 

(a) Addresses for Notices.

For the purpose of Section 12(a) of this Agreement:

 

Address for notices or communications to SRFP:

 

 

(1)

Address for notices or communications to Party A (other than by facsimile) :

 

Address:

00 Xxxx 00xx Xxxxxx

Attention:

(1) Head of Operations;

 

New York, New York

 

(2) Legal Department

 

10055

 

 

 

 

(2)

For the purpose of facsimile notices or communications under this Agreement (other than a notice or communication under Section 5 or 6):

 

Facsimile No.:

(000) 000-0000

Attention

Legal Department

 

Telephone number for oral confirmation of receipt of facsimile in legible form: (000) 000-0000

 

 

 

Address for notices or communications to Counterparty:

 

Xxxxx Fargo Bank, N.A.

0000 Xxx Xxxxxxxxx Xxxx

Xxxxxxxx, Xxxxxxxx 00000

Attn: Client Manager – MABS 2005-HE2

Tel: 000-000-0000

Fax: 000-000-0000

 

(b)

Process Agent. For the purpose of Section 13(c) of this Agreement,

 

SRFP appoints as its Process Agent: None.

 

Counterparty appoints as its Process Agent: None.

 

(c)

Offices. With respect to Party A, the provisions of Section 10(a) will apply to this Agreement.

 

 


 

(d)

Multibranch Party. For the purpose of Section 10(c) of this Agreement:

 

SRFP is not a Multibranch Party; and

 

Counterparty is not a Multibranch Party.

 

(e)

Calculation Agent. The Calculation Agent shall be SRFP.

 

(f)

Credit Support Document. Details of any Credit Support Document:

 

 

(i)

in the case of SRFP, Guaranty of Swiss Re dated as of the date hereof, in the form annexed hereto as Exhibit A.

 

 

(ii)

in the case of Counterparty, the Pooling and Servicing Agreement.

 

(g)     Credit Support Provider. "Credit Support Provider" shall mean, in respect of SRFP, Swiss Re, and, in respect of Counterparty, None.

 

(h)     Governing Law. This Agreement will be governed by and construed in accordance with the laws of the State of New York without reference to choice of law doctrine, other than New York General Obligations Law Sections 5-1401 and 5-1402.

 

(i)      Netting of Payments. Subparagraph (ii) of Section 2(c) of this Agreement will apply, unless otherwise stated in any Confirmation for a Transaction.

 

(j)      "Affiliate", with respect to SRFP, shall have the meaning specified in Section 14 of this Agreement, and with respect to Counterparty shall mean: None.

 

(k)     Jurisdiction. Section 13(b) of this Agreement is hereby amended by: (i) deleting in the second line of subparagraph (i) thereof the word "non-": and (ii) deleting the final paragraph thereof.

 

Part 5. Other Provisions

 

1.

Definitions

This Agreement, including each Confirmation and each Swap Transaction, is subject to the 2000 ISDA Definitions, as amended, supplemented, updated, and superseded from time to time (the "Definitions"), as published by the International Swaps and Derivatives Association, Inc. ("ISDA") and will be governed in all respects by the Definitions (except that references to "Swap Transactions" shall be deemed to be references to "Transactions"). The Definitions are incorporated by reference in, and made part of, this Agreement and each Confirmation as if set forth in full in this Agreement and such Confirmations. In the event of any inconsistency between the provisions of this Agreement and the Definitions, this Agreement will prevail (and, in the event of any inconsistency between any Confirmation and the Definitions, the Confirmation will control). Any reference in a Confirmation to any Definitions which are amended or supplemented in this Schedule shall be deemed to be a reference to such Definitions as so amended or supplemented, unless the Confirmation states, by specific reference to any such amendment or supplement, that such amendment or supplement will not apply in respect of the Transaction to which such Confirmation relates. Any capitalized terms used but not otherwise defined in this Agreement shall have the meanings assigned to them (or incorporated by reference) in the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”), dated as of September 1, 2005, among Mortgage Asset Securitization Transactions, Inc., as Depositor, Xxxxx Fargo Bank, N.A., as Master Servicer and Trust Administrator, and U.S. Bank National Association, as Trustee (the “Trustee”).

2.

Set-Off

 

Notwithstanding any provision of this Agreement or any other existing or future agreement, each party irrevocably waives any and all rights it may have to set off, net, recoup or otherwise withhold or suspend or condition payment or performance of any obligation between it and the other party hereunder against any obligation between it and the other party under any other agreements. The provisions for Set-off set forth in Section 6(e) of the Agreement shall not apply for purposes of this Transaction.

 


 

3.

Consent to Recording

 

Each party (a) consents to the recording of the telephone conversations of trading and marketing personnel of the parties in connection with this Agreement or any potential Transaction between the parties and (b) agrees to obtain any necessary consent of, and give notice of such recording to, its personnel.

 

4.

Additional Representations and Agreements

 

Each party represents to the other party (which representations shall be deemed repeated by each party on each date on which a Transaction is entered into and shall be representations for all purposes of this Agreement including, without limitation, Sections 3, 4, and 5(a)(iv) hereof):

 

 

(i)

No Agency. It is entering into this Agreement and each Transaction as principal and not as agent of any person nor in any other capacity, fiduciary or otherwise;

 

 

(ii)    (a)

 Non-Reliance. In the case of SFRP, it is acting for its own account and in the case of the Counterparty, it is acting as trustee on behalf of the Supplemental Interest Trust. In the case of SFRP, it has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisors as it has deemed necessary and in the case of the Counterparty, it has entered into this Transaction pursuant to the terms of the Pooling and Servicing Agreement and at the direction of the Issuer. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; it being understood that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of that Transaction;

 

 

(b)

Assessment and Understanding. It is capable of evaluating and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of this Agreement and each Transaction hereunder. It is also capable of assuming, and assumes, all financial and other risks of this Agreement and each Transaction hereunder, and

 

 

(c)

Status of Parties. The other party is not acting as a fiduciary for or an adviser to it in respect of that Transaction;

 

 

(iii)

Eligible Contract Participant. It is an "eligible contract participant" as defined in Section 1a(12) of the Commodity Exchange Act, as amended.

 

5.

Waiver of Jury Trial

 

Each party hereby irrevocably waives its right to jury trial with respect to any obligation arising under, or in connection with, this Agreement.

 

6.

Severability

 

Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction in respect of any Transaction shall, as to such Transaction, be ineffective to the extent of such prohibition or unenforceability but without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction or in respect of any other Transaction, unless such severance shall substantially impair the benefits of the remaining portions of this Agreement to, or changes the reciprocal obligations of, either of the parties. The parties hereto shall endeavor in good faith negotiations to replace the prohibited or unenforceable provision with a valid provision the economic effect of which comes as close as possible to that of the prohibited or unenforceable provision.

 


 

7.

Non-Recourse; Priority of Payments  

Notwithstanding any provision herein or in the Agreement to the contrary, the obligations of Counterparty hereunder are limited recourse obligations of Counterparty, payable solely from the Swap Account and the proceeds thereof, in accordance with the terms of the Pooling and Servicing Agreement. In the event that the Swap Account and proceeds thereof should be insufficient to satisfy all claims outstanding and following the realization of the Swap Account and the proceeds thereof, any claims against or obligations of Counterparty under the Agreement or any other confirmation thereunder still outstanding shall be extinguished and thereafter not revive. Xxxxx Fargo Bank, N.A. shall not have liability for any failure or delay in making a payment hereunder to SRFP due to any failure or delay in receiving the amount in the Swap Account.

SRFP hereby agrees that, notwithstanding any provision of this agreement to the contrary, Counterparty’s obligations to pay any amounts owing under this Agreement shall be subject to Section 4.01 of the Pooling and Servicing Agreement and SRFP’s right to receive payment of such amounts shall be subject to Section 4.01 of the Pooling and Servicing Agreement.

 

8.

Proceedings

 

SRFP shall not institute against or cause any other person to institute against, or join any other person in instituting against, the Counterparty, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any federal or state bankruptcy, dissolution or similar law, for a period of one year and one day (or, if longer, any applicable preference period) following indefeasible payment in full of the Certificates.

 

9.

Transfer, Amendment and Assignment.

No transfer, amendment, waiver, supplement, assignment or other modification of this Agreement shall be permitted by either party unless each of Standard & Poor’s, a division of The XxXxxx-Xxxx Companies, Inc. (“S&P”) and Xxxxx’x Investors Service, Inc. (“Moody’s”) have been provided notice of the same and each of S&P, Fitch and Moody’s confirm in writing (including by facsimile transmission) within five Business Days after such notice is given that they will not downgrade, qualify, withdraw or otherwise modify their then-current rating of the Certificates.

10.

Downgrade

If a Rating Agency Trigger Event occurs, then, within 30 days after the occurrence of such Rating Agency Trigger Event (unless, within such 30 days SRFP shall obtain written acknowledgment from each Rating Agency then providing a rating for the Certificates that the then-current ratings of the Certificates will not be downgraded, withdrawn or put on watch for downgrade notwithstanding the Rating Agency Trigger Event), SRFP shall, at its own expense and subject to the Rating Agency Condition, either (i) cause another entity that meets or exceeds the Approved Rating Thresholds to replace SRFP as party to this Agreement on terms substantially similar to this Agreement, (ii) obtain a guaranty of, or a contingent agreement of, another person with the Approved Rating Thresholds, to honor SRFP’s obligations under this Agreement or (iii) post collateral according to the terms of an ISDA 1994 New York Law Credit Support Annex.

A “Rating Agency Trigger Event” shall occur if (i) for so long as the Certificates are rated by S&P, the short-term rating of SRFP and its Credit Support Provider is below, or is withdrawn or downgraded below, “A-1” by S&P or (ii) for so long as the Certificates are rated by Moody’s, the short-term rating of SRFP and its Credit Support Provider is withdrawn or downgraded below “P-1” by Moody’s (or, if SRFP or its Credit Support Provider do not have a short-term rating by Moody’s, the long-term rating of such entity is withdrawn or downgraded below “Aa3” by Moody’s). The lowest ratings which will not result in a Rating Agency Trigger Event shall constitute the “Approved Ratings Thresholds.”

“Rating Agency Condition” means, with respect to any particular proposed act or omission to act hereunder, that the party acting or failing to act has consulted with any of the Rating Agencies then providing a rating of the Certificates and received a written confirmation that the proposed action or inaction would not cause a downgrade or withdrawal of the then-current rating of the Certificates.

 


 

11.

Limitation of Liability

It is expressly understood and agreed by the parties hereto that (a) this Agreement is executed and delivered by Xxxxx Fargo Bank, National Association (“Xxxxx Fargo”), not in its individual capacity or personally, but solely as trustee for the Supplemental Interest Trust, in the exercise of the powers and authority conferred and vested in it under the Pooling and Servicing Agreement (b) the representations, undertakings and agreements herein made on the part of the Counterparty are made and intended not as personal representations, undertakings and agreements by Xxxxx Fargo but are made and intended for the purpose of binding only the assets of the Supplemental Interest Trust available therefore in accordance with the Pooling and Servicing Agreement, (c) nothing herein contained shall be construed as creating any liability on Xxxxx Fargo, in its individual capacity or personally, to perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties who are signatories to this Agreement and by any person claiming by, through or under such parties and (d) under no circumstances shall Xxxxx Fargo be personally liable for the payment of any indebtedness or expenses of the Counterparty (including, but not limited to the Fixed Rate Payment) or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Counterparty under this Agreement or any other related document, as to all of which recourse shall be had solely to the assets of the Supplemental Interest Trust in accordance with the provisions of the Pooling and Servicing Agreement.

 


 

 

IN WITNESS WHEREOF the parties have executed this document on the respective dates specified below with effect from the date specified on the first page of this document.

 

SWISS RE FINANCIAL PRODUCTS CORPORATION

 

 

 

 

 

 

 

By:___________________________________

Name:

Title:

 

Xxxxx Fargo Bank, National Association, not individually, but solely as trustee on behalf of the Supplemental Interest Trust formed in connection with the MASTR 2005-HE2 transaction

 

 

 

 

 

By: _________________________________

Name:

Title:

 

 


 

Exhibit A

GUARANTY

 

To: Xxxxx Fargo Bank, N.A. (the “Beneficiary”), not individually, but solely as trustee on behalf of the Supplemental Interest Trust, with regard to the MASTR Asset Backed Securities Trust 2005-HE2, Mortgage Pass Through Certificates, Series 2005-HE2 (the “Rated Security”)

 

1.      The undersigned, SWISS REINSURANCE COMPANY, a Swiss company (the "Guarantor"), hereby absolutely and unconditionally guarantees the prompt payment as and when due of all obligations of its indirect, wholly-owned subsidiary SWISS RE FINANCIAL PRODUCTS CORPORATION, a Delaware corporation ("THE GUARANTEED SUBSIDIARY") under, in connection with or ancillary to an ISDA Master Agreement dated as of September 30, 2005 between the Beneficiary and the Guaranteed Subsidiary as amended or restated from time to time (the “Agreements”) which support the issuance of the Rated Security. In this Guarantee these obligations are referred to as the “Guaranteed Obligations”. This Guarantee is given solely for the benefit of, and is enforceable only by, the Beneficiary or any trustee as assignee of the Beneficiary to which this Guarantee has been validly assigned in accordance with applicable law and who is acting as trustee for the investors in the Rated Securities.

 

2.      This Guarantee constitutes a Guarantee of payment and not of collection and is not conditional or contingent upon any attempts to collect from, or pursue or exhaust any rights or remedies against, THE GUARANTEED SUBSIDIARY. A demand for payment hereunder may at the Beneficiary’s option be made in writing addressed to the Chief Financial Officer of the Guarantor. This Guarantee is not however dependent in any way on the manner of the demand for payment. Delay in making a claim will not affect the Guarantor’s obligations under this Guarantee unless the relevant legal limitation period has expired.

 

3.      This Guarantee constitutes, and is intended by the Guarantor to constitute, an unlimited non-accessory undertaking ("unbeschränkte, nicht akzessorische Verpflichtung“) within the meaning of Article 111 of the Swiss Code of Obligations (‚CO‘) and is not a mere surety ("Bürgschaft“) within the meaning of Article 492 et seq of the CO.

 

4.      Notwithstanding any reference to the obligations of THE GUARANTEED SUBSIDIARY, the Guarantor’s obligations under this Guarantee are its absolute and independent obligations as a primary obligor. Payment of a claim hereunder is required as soon as the Guaranteed Obligations are due and payable.

 

5.      To the extent that any event or circumstance would give rise to any legal or equitable discharge, defence or other rights of the Guarantor under this Guarantee, but which event or circumstance would not give rise to any discharge, defence or other rights of THE GUARANTEED SUBSIDIARY under the Agreements, the Guarantor hereby fully waives, subject to paragraph 7 below, such discharge, defence, or other rights and the Guarantor’s liability hereunder shall continue as if such event or circumstance had not arisen.

 

6.      The Guarantor further agrees, subject to paragraph 7 below, that to the extent that any event or circumstance gives rise to any legal or equitable discharge, defence or other rights available to

 


both the Guarantor under the Guarantee and THE GUARANTEED SUBSIDIARY under the Agreements, the Guarantor hereby agrees to waive such discharge, defense or other rights against the Beneficiary, until such time as all the Guaranteed Obligations in relation to the same event or circumstance have been fully met as required to protect investors in the Rated Securities.

 

7.      Notwithstanding any other provision of this Guarantee, the Guarantor will have the right, prior to making any payment under this Guarantee, to (a) assert such rights of offset as are set forth in the Agreements to the extent that such rights relate to amounts due and payable by the Beneficiary to THE GUARANTEED SUBSIDIARY and not to amounts which are subject to dispute; and (b) defend manifestly fraudulent claims under this Guarantee made by the Beneficiary.

 

8.      This Guarantee will continue in full force and effect in relation to all Guaranteed Obligations until all the Guaranteed Obligations have been satisfied in full. For the avoidance of doubt, all Guaranteed Obligations entered into by THE GUARANTEED SUBSIDIARY during the term of this Guarantee shall be honoured in accordance with this Guarantee and shall be binding on the Guarantor and its successors and assigns. This Guarantee may be amended only as necessary to reflect changes to the Guaranteed Obligations which are validly agreed to by the Beneficiary (or the trustee as assignee of the Beneficiary) in accordance with the terms of the Rated Securities, including any requirement to obtain the consent of some or all of the investors in the Rated Securities.

 

9.      If any payment by THE GUARANTEED SUBSIDIARY is avoided, recaptured or reduced as a result of insolvency or any similar event affecting creditors rights generally having occurred in respect of THE GUARANTEED SUBSIDIARY, the Guarantor‘s liability under this Guarantee shall continue as if the avoided, recaptured or reduced payment had not occurred.

 

10.    Upon payment by the Guarantor to the Beneficiary of any amount due under this Guarantee, the Guarantor shall be entitled to require the assignment to it of the rights of the Beneficiary against THE GUARANTEED SUBSIDIARY to the extent satisfied by such payment, and the Beneficiary will take at the Guarantor's expense such steps as the Guarantor may reasonably require to implement such assignment. The Guarantor shall not exercise any rights against THE GUARANTEED SUBSIDIARY which it may acquire in consequence of such payment and assignment unless and until all the Guaranteed Obligations to the Beneficiary shall have been paid in full.

 

11.    This Guarantee is governed and will be construed in accordance with Swiss law. The exclusive place of jurisdiction for any legal proceeding hereunder shall be Zurich, Switzerland.

 

IN WITNESS WHEREOF, the Guarantor has caused this Guarantee to be executed in its name as of the 30th day of September, 2005.

 

 

SWISS REINSURANCE COMPANY

 

 

 

 


SWISS RE FINANCIAL PRODUCTS CORPORATION

00 Xxxx 00xx Xxxxxx

Xxx Xxxx, Xxx Xxxx 00000

Fax: (000) 000-0000/Phone: (000) 000-0000/5433

 

30 September 2005

 

Xxxxx Fargo Bank, National Association, not individually, but solely as trustee on behalf of the Supplemental Interest Trust formed in connection with the MASTR 2005-HE2 transaction

 

Our Reference Number: 703444

 

 

Dear Sir/Madam

 

The purpose of this letter agreement (this "Confirmation") is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below (the “Transaction"). This Confirmation constitutes a "Confirmation" as referred to in the Agreement specified below.

 

In this Confirmation "Party A" means Swiss Re Financial Products Corporation and "Counterparty" means Xxxxx Fargo Bank, National Association, not individually, but solely as trustee on behalf of the supplemental interest trust created pursuant to the Pooling and Servicing Agreement (the “Supplemental Interest Trust”).

 

1.

The definitions and provisions contained in the 2000 ISDA Definitions (as published by the International Swaps and Derivatives Association, Inc.) are incorporated into this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern. References herein to a "Transaction" shall be deemed to be references to a "Swap Transaction" for the purposes of the 2000 ISDA Definitions.

 

This Confirmation supplements, forms part of, and is subject to, the 1992 ISDA Master Agreement dated as of 30 September 2005 as amended and supplemented from time to time (the "Agreement"), between you and us. All provisions contained in the Agreement govern this Confirmation except as expressly modified below.

 

Party A represents that it has entered into this Transaction in reliance upon such tax, accounting, regulatory, legal, and financial advice as it deems necessary and not upon any view expressed by the other, and Counterparty represents that it has been directed to enter into this Transaction.

 

2.

The terms of the particular Transaction to which this Confirmation relates are as follows:

 

Notional Amount:

For each Calculation Period, the Notional Amount for such Calculation Period as set forth in Schedule A attached hereto.

 

 


 

 

 

 

Trade Date:

26 September 2005

 

 

Effective Date:

September 30, 2005

 

 

Termination Date:

(i)          April 25, 2009, subject to no adjustment, with respect to Fixed Amounts.

 

 

 

(ii)        April 25, 2009, subject to adjustment with the Modified Following Business Day Convention, with respect to Floating Amounts.

 

Fixed Amounts:

 

Fixed Rate Payer:

Counterparty

 

 

Fixed Rate Payer

 

Payment Dates:

The 25th day of each month, commencing on October 25, 2005, subject to adjustment in accordance with the Modified Following Business Day Convention and using No Adjustment to Period End Dates.

 

 

Fixed Amount:

For each Fixed Rate Payer Payment Date, the Fixed Amount shall equal the product of (i) the Notional Amount for the related Calculation Period, (ii) 4.32 percent, (iii) 250, and (iv) Fixed Rate Day Count Fraction.

 

 

Fixed Rate

 

Day Count Fraction:

30/360

 

 

Floating Amounts:

 

Floating Rate Payer:

Party A

 

 

 

 

Floating Rate Payer

 

Payment Dates:

The 25th day of each month, commencing on October 25, 2005, subject to adjustment in accordance with the Modified Following Business Day Convention.

 

 

 

 


 

 

Floating Amounts:

For each Floating Rate Payer Payment Date, the Floating Amount shall equal the product of (i) the Notional Amount for the related Calculation Period, (ii) Floating Rate Option for the related Calculation Period, (iii) 250, and (iv) Floating Rate Day Count Fraction.

 

 

Floating Rate Option:

USD-LIBOR-BBA

 

 

Designated Maturity:

1 month

 

 

Spread:

none

 

 

Floating Rate

 

Day Count Fraction:

Actual/360

 

 

Reset Dates:

The first day of each Calculation Period

 

 

Compounding:

Inapplicable

 

Calculation Agent:

Party A

 

 

Business Days:

New York

 

 

Account Details:

 

 

 

 

Payments to Party A:

As advised separately in writing

 

 

 

 

Payments to Counterparty:

Xxxxx Fargo Bank, N.A.

 

San Francisco, CA

 

ABA: 000-000-000

 

Acct: 0000000000

 

Acct Name: SAS Clearing

 

FFC: Acct # 00000000

 

Swap Account

 

 

 


 

SCHEDULE A to the Confirmation dated as of September 30, 2005

Re: Reference Number 703444

 

Between Swiss Re Financial Products Corporation and Xxxxx Fargo Bank, National Association, not individually, but solely as trustee on behalf of the Supplemental Interest Trust.

 

Amortization Schedule, Floating Rate Payer Period End Dates shall be subject to adjustment in accordance with the Modified Following Business Day Convention, however, Fixed Rate Payer Period End Dates will use No Adjustment.

                                                                                                    

From and including:

To but excluding:

Notional Amount (USD):

Effective Date

10/25/2005

2,156,000.00

10/25/2005

11/25/2005

2,121,848.00

11/25/2005

12/25/2005

2,080,448.00

12/25/2005

1/25/2006

2,031,920.00

1/25/2006

2/25/2006

1,976,428.00

2/25/2006

3/25/2006

1,914,200.00

3/25/2006

4/25/2006

1,845,540.00

4/25/2006

5/25/2006

1,770,952.00

5/25/2006

6/25/2006

1,691,548.00

6/25/2006

7/25/2006

1,612,340.00

7/25/2006

8/25/2006

1,536,580.00

8/25/2006

9/25/2006

1,464,328.00

9/25/2006

10/25/2006

1,395,492.00

10/25/2006

11/25/2006

1,329,920.00

11/25/2006

12/25/2006

1,267,456.00

12/25/2006

1/25/2007

1,207,956.00

1/25/2007

2/25/2007

1,151,264.00

2/25/2007

3/25/2007

1,096,520.00

3/25/2007

4/25/2007

1,040,444.00

4/25/2007

5/25/2007

959,760.00

5/25/2007

6/25/2007

869,024.00

6/25/2007

7/25/2007

786,476.00

7/25/2007

8/25/2007

712,520.00

8/25/2007

9/25/2007

647,952.00

9/25/2007

10/25/2007

602,500.00

10/25/2007

11/25/2007

568,632.00

11/25/2007

12/25/2007

537,316.00

12/25/2007

1/25/2008

508,004.00

1/25/2008

2/25/2008

480,408.00

2/25/2008

3/25/2008

454,368.00

3/25/2008

4/25/2008

429,792.00

4/25/2008

5/25/2008

406,600.00

5/25/2008

6/25/2008

384,708.00

6/25/2008

7/25/2008

364,060.00

7/25/2008

8/25/2008

344,572.00

8/25/2008

9/25/2008

326,172.00

9/25/2008

10/25/2008

308,800.00

10/25/2008

11/25/2008

292,388.00

11/25/2008

12/25/2008

276,888.00

12/25/2008

1/25/2009

262,256.00

1/25/2009

2/25/2009

248,436.00

2/25/2009

3/25/2009

235,380.00

3/25/2009

Termination Date

223,036.00

 

 


 

Please confirm that the foregoing correctly sets forth the terms of our agreement by executing the copy of this Confirmation enclosed for that purpose and returning it to us.

 

Swiss Re Financial Products Corporation

 

Accepted and confirmed as of the date first written:

 

Xxxxx Fargo Bank, National Association, not individually, but solely as trustee on behalf of the Supplemental Interest Trust formed in connection with the MASTR 2005-HE2 transaction

 

By:

 

 

By:

 

 

Name

 

 

Name:

 

Title:

 

 

Title:

 

 

 

 

 

 


 

EXHIBIT N

 

FORM OF SWAP ADMINISTRATION AGREEMENT

 


SWAP ADMINISTRATION AGREEMENT

This Swap Administration Agreement, dated as of September 30, 2005 (this “Agreement”), among Xxxxx Fargo Bank, N.A., a national banking association (“Xxxxx Fargo”), as swap administrator (in such capacity, the “Swap Administrator”) and as trust administrator under the Pooling and Servicing Agreement, as hereinafter defined (in such capacity, the “Trust Administrator”), and UBS Real Estate Securities Inc (“UBSRES”).

WHEREAS, the Trust Administrator, on behalf of the holders of the MASTR Asset Backed Securities Trust, 2005-HE2, Mortgage Pass-Through Certificates, Series 2005-HE2, is counterparty to an Interest Rate Swap Agreement (the “Swap Agreement”), a copy of which is attached hereto as Exhibit A, between the Trust Administrator and Swiss Re Financial Products Corporation (“Swiss Re”); and

WHEREAS, it is desirable to irrevocably appoint the Swap Administrator, and the Swap Administrator desires to accept such appointment, to receive and distribute funds payable by Swiss Re under the Swap Agreement as provided herein;

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows:

1.          Definitions. Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned thereto in the Pooling and Servicing Agreement, dated as of September 1, 2005 (the “Pooling and Servicing Agreement”), among Mortgage Asset Securitization Transactions, Inc., as depositor, Xxxxx Fargo Bank, N.A., as master servicer and trust administrator and US Bank N.A. as trustee relating to the MASTR Asset Backed Securities Trust, 2005-HE2, Mortgage Pass-Through Certificates, Series 2005-HE2 (the “Certificates”), or in the related Indenture as the case may be, as in effect on the date hereof.

2.

Swap Administrator.

(a)        The Swap Administrator is hereby irrevocably appointed to receive all funds paid by Swiss Re, or its successors in interest (the “Swap Provider”) under the Swap Agreement (including any Swap Termination Payment) and the Swap Administrator hereby accepts such appointment and hereby agrees to receive such amounts and to distribute on each Distribution Date such amounts in the following order of priority:

(i)         first, to the Trust Administrator for deposit into the Swap Account, an amount equal to the sum of the following amounts remaining outstanding after distribution of the Net Monthly Excess Cashflow: (A) Unpaid Interest Shortfall Amounts, (B) Net WAC Rate Carryover Amounts; (C) An amount necessary to maintain or restore the Overcollateralization Target Amount; and (D) any Allocated Realized Loss Amounts;

(ii)         second, to UBSRES, any amounts remaining after payment of (i) above, provided, however, upon the issuance of notes by an issuer (the “Trust”), secured by all or a portion of the Class CE Certificates and the Class P Certificates (the “NIM Notes”),

 

 


UBSRES hereby instructs the Swap Administrator to make any payments under this clause 2(a)(ii) in the following order of priority:

(A)       to the Indenture Trustee for the Trust, for deposit into the Note Account (each as to defined in the related Indenture), and until satisfaction and discharge of the Indenture, the Floating Amount (as defined in Annex I); and

(B)        concurrently, to the Holders of the Class CE Certificates, pro rata based on the outstanding Notional Amount of each such Certificate;

(b)        The Swap Administrator agrees to hold any amounts received under the Swap Agreement in trust upon the terms and conditions and for the exclusive use and benefit of the Trustee, the Trust Administrator and the Indenture Trustee, as applicable (in turn for the benefit of the Certificateholders, the Noteholders and the NIMS Insurer, if any) as set forth herein. The rights, duties and liabilities of the Swap Administrator in respect of this Agreement shall be as follows:

(i)         The Swap Administrator shall have full power and authority to do all things not inconsistent with the provisions of this Agreement that it may deem advisable in order to enforce the provisions hereof. The Swap Administrator shall not be answerable or accountable except for its own bad faith, willful misconduct or negligence. The Swap Administrator shall not be required to take any action to exercise or enforce any of its rights or powers hereunder which, in the opinion of the Swap Administrator, shall be likely to involve expense or liability to the Swap Administrator, unless the Swap Administrator shall have received an agreement satisfactory to it in its sole discretion to indemnify it against such liability and expense.

(ii)         The Swap Administrator shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of any party hereto or the NIMS Insurer, if any, or otherwise as provided herein, relating to the time, method and place of conducting any proceeding for any remedy available to the Swap Administrator or exercising any right or power conferred upon the Swap Administrator under this Agreement.

(iii)        The Swap Administrator may perform any duties hereunder either directly or by or through agents or attorneys of the Swap Administrator. The Swap Administrator shall not be liable for the acts or omissions of its agents or attorneys so long as the Swap Administrator chose such Persons with due care.

3.          Swap Account. The Swap Administrator shall segregate and hold all funds received pursuant to the Swap Agreement (including any Swap Termination Payment) separate and apart from any of its own funds and general assets and shall cause to be established and maintained in the name of the Swap Administrator the Swap Account in accordance with the provisions of Section 4.09 of the Pooling and Servicing Agreement. The Swap Administrator hereby agrees that it holds and shall hold the Swap Account and all amounts deposited therein in trust for the exclusive use and benefit of the Trustee, the Trust Administrator and the Indenture Trustee as their interests may appear.

 


 

4.

Replacement Swap Agreements.

The Trust Administrator shall, at the direction of the NIMS Insurer, if any, or, with the consent of the NIMS Insurer, if any, at the direction of UBSRES, enforce all of its rights and exercise any remedies under the Swap Agreement. In the event the Swap Agreement is terminated as a result of the designation by either party thereto of an Early Termination Date (as defined therein), the Trust Administrator shall, at the direction of UBSRES, find a replacement counterparty to enter into a replacement swap agreement.

Any Swap Termination Payment received by the Swap Administrator shall be deposited in the Swap Administration Account and shall be used to make any upfront payment required under a replacement swap agreement and any upfront payment received from the counterparty to a replacement swap agreement shall be used to pay any Swap Termination Payment owed to the Swap Provider.

Notwithstanding anything contained herein, in the event that a replacement swap agreement cannot be obtained within 30 days after receipt by the Swap Administrator of the Swap Termination Payment paid by the terminated Swap Provider, the Swap Administrator shall deposit such Swap Termination Payment into a separate, non-interest bearing account, established by the Swap Administrator and the Swap Administrator shall, on each Distribution Date, withdraw from such account, an amount equal to the Net Swap Payment, if any, that would have been paid to the Trust by the original Swap Provider (computed in accordance with Section 2 of the original Swap Agreement attached hereto as Exhibit A) and distribute such amount in accordance with Section 2(a) of this Agreement. On the Distribution Date immediately after the termination date of the original Swap Agreement, the Swap Administrator shall withdraw any funds remaining in such account and distribute such amount in accordance with Section 2(a)(ii) of this Agreement.

5.          Representations and Warranties of Xxxxx Fargo. Xxxxx Fargo represents and warrants as follows:

(a)        Xxxxx Fargo is duly organized and validly existing as a national banking association under the laws of the United States and has all requisite power and authority to execute and deliver this Agreement, to perform its obligations as Swap Administrator hereunder.

(b)        The execution, delivery and performance of this Agreement by Xxxxx Fargo as Trust Administrator have been duly authorized in the Pooling and Servicing Agreement.

(c)        This Agreement has been duly executed and delivered by Xxxxx Fargo as Swap Administrator and Trust Administrator and is enforceable against Xxxxx Fargo in such capacities in accordance with its terms, except as enforceability may be affected by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law).

6.

Replacement of Swap Administrator.

 

 


 

Any corporation, bank, trust company or association into which the Swap Administrator may be merged or converted or with which it may be consolidated, or any corporation, bank, trust company or association resulting from any merger, conversion or consolidation to which the Swap Administrator shall be a party, or any corporation, bank, trust company or association succeeding to all or substantially all the corporate trust business of the Swap Administrator, shall be the successor of the Swap Administrator hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, except to the extent that assumption of its duties and obligations, as such, is not effected by operation of law.

No resignation or removal of the Swap Administrator and no appointment of a successor Swap Administrator shall become effective until the appointment by UBSRES of a successor swap administrator acceptable to the NIMS Insurer, if any. Any successor swap administrator shall execute such documents or instruments necessary or appropriate to vest in and confirm to such successor swap administrator all such rights and powers conferred by this Agreement.

The Swap Administrator may resign at any time by giving written notice thereof to the other parties hereto with a copy to the NIMS Insurer, if any. If a successor swap administrator shall not have accepted the appointment hereunder within 30 days after the giving by the resigning Swap Administrator of such notice of resignation, the resigning Swap Administrator may petition any court of competent jurisdiction for the appointment of a successor swap administrator acceptable to the NIMS Insurer, if any.

In the event of a resignation or removal of the Swap Administrator, UBSRES shall promptly appoint a successor Swap Administrator acceptable to the NIMS Insurer, if any. If no such appointment has been made within 10 days of the resignation or removal, the NIMS Insurer, if any, may appoint a successor Swap Administrator.

7.

Trust Administrator Obligations.

Whenever the Trust Administrator, as a party to the Swap Agreement, has the option or is requested in such capacity, whether such request is by the counterparty to such agreement, to take any action or to give any consent, approval or waiver that it is entitled to take or give in such capacity, including, without limitation, in connection with an amendment of such agreement or the occurrence of a default or termination event thereunder, the Trust Administrator shall promptly notify the parties hereto and the NIMS Insurer, if any, of such request in such detail as is available to it and, shall, on behalf of the parties hereto and the NIMS Insurer, if any, take such action in connection with the exercise and/or enforcement of any rights and/or remedies available to it in such capacity with respect to such request as the NIMS Insurer, if any, shall direct in writing; provided that if no such direction is received prior to the date that is established for taking such action or giving such consent, approval or waiver (notice of which date shall be given by the Trust Administrator to the parties hereto and the NIMS Insurer, if any), the Trust Administrator may abstain from taking such action or giving such consent, approval or waiver.

 


 

The Trust Administrator shall forward to the parties hereto and the NIMS Insurer, if any, on the Payment Date following its receipt thereof copies of any and all notices, statements, reports and/or other material communications and information (collectively, the “Swap Reports”) that it receives in connection with the Swap Agreement or from the counterparty thereto.

8.

Miscellaneous.

(a)        This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

(b)        Any action or proceeding against any of the parties hereto relating in any way to this Agreement may be brought and enforced in the courts of the State of New York sitting in the borough of Manhattan or of the United States District Court for the Southern District of New York and the Swap Administrator irrevocably submits to the jurisdiction of each such court in respect of any such action or proceeding. The Swap Administrator waives, to the fullest extent permitted by law, any right to remove any such action or proceeding by reason of improper venue or inconvenient forum.

(c)        This Agreement may be amended, supplemented or modified in writing by the parties hereto, but only with the consent of the NIMS Insurer, if any.

(d)        This Agreement may not be assigned or transferred without the prior written consent of the NIMS Insurer, if any; provided, however, the parties hereto acknowledge and agree to the assignment of the rights of UBSRES as provided under this Agreement pursuant to the Sale Agreement, the Trust Agreement and the Indenture.

(e)        This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including by facsimile transmission), and all such counterparts taken together shall be deemed to constitute one and the same instrument.

(f)         Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

(g)        The representations and warranties made by the parties to this Agreement shall survive the execution and delivery of this Agreement. No act or omission on the part of any party hereto shall constitute a waiver of any such representation or warranty.

(h)        The article and section headings herein are for convenience of reference only, and shall not limit or otherwise affect the meaning hereof.

(i)         The representations and warranties made by the parties to this Agreement shall survive the execution and delivery of this Agreement. No act or omission on the part of any party hereto shall constitute a waiver of any such representation or warranty.

 


 

9.          Third-Party Beneficiary. Each of the Note Insurer, the Backup Note Insurer and the Indenture Trustee, if any, shall be deemed a third-party beneficiary of this Agreement to the same extent as if it were a party hereto, and shall have the right to enforce the provisions of this Agreement.

10.        Swap Administrator and Trust Administrator Rights. The Swap Administrator shall be entitled to the same rights, protections and indemnities afforded to the Trust Administrator under the Pooling and Servicing Agreement, and the Indenture Trustee under the Indenture, in each case as if specifically set forth herein with respect to the Swap Administrator.

11.        Limited Recourse. It is expressly understood and agreed by the parties hereto that this Agreement is executed and delivered by the Trust Administrator, not in its individual capacity but solely as trust administrator under the Pooling and Servicing Agreement. Notwithstanding any other provisions of this Agreement, the obligations of the Trust Administrator under this Agreement are non-recourse to the Trust Administrator, its assets and its property, and shall be payable solely from the assets of the Trust Fund, and following realization of such assets, any claims of any party hereto shall be extinguished and shall not thereafter be reinstated. No recourse shall be had against any principal, director, officer, employee, beneficiary, shareholder, partner, member, trustee, agent or affiliate of the Trust Administrator or any person owning, directly or indirectly, any legal or beneficial interest in the Trust Administrator, or any successors or assigns of any of the foregoing (the “Exculpated Parties”) for the payment of any amount payable under this Agreement. The parties hereto shall not enforce the liability and obligations of the Trust Administrator to perform and observe the obligations contained in this Agreement by any action or proceeding wherein a money judgment establishing any personal liability shall be sought against the Trust Administrator, subject to the following sentence, or the Exculpated Parties. The agreements in this paragraph shall survive termination of this Agreement and the performance of all obligations hereunder.

 


 

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the day and year first above written.

XXXXX FARGO BANK, N.A.,

as Swap Administrator

 

 

By:

 

 

Name:

 

Title:

 

XXXXX FARGO BANK, N.A.,

not in its individual capacity but solely as Trust Administrator under the Pooling and Servicing Agreement

 

 

By:

 

 

Name:

 

Title:

 

UBS REAL ESTATE SECURITIES INC.

 

 

By:

 

 

Name:

 

Title:

 

 

By:

 

 

Name:

 

Title:

 

 

 


 

EXHIBIT A

SWAP AGREEMENT

 

 


 

ANNEX I

 

The amounts paid under clause 2(a)(ii) of the Swap Administration Agreement shall be calculated as follows:

 

Floating Amount:

 

 

 

Floating Rate Payer:

Swiss Re Financial Products Corporation

 

 

Cap Rate:

15.00%

 

 

 

Floating Amount

 

To be determined in accordance with the following formula:

 

The product of: (i) 250; (ii) the Cap Rate, (iii) the Notional Amount; and (iv) the Floating Rate Day Count Fraction;

 

provided, however, the Swap Administrator will only be obligated to pay the Floating Amount up to the amount remaining after payments are made under clause 2(a)(i) of the Swap Administration Agreement.

 

The Floating Amount shall be paid to the Indenture Trustee for payment in accordance with Section 2.09(e) of the Indenture.

 

 

Floating Rate Day Count Fraction:

Actual/360.

 

 

Notional Amount:

The amount set forth for such period in the Amortization Schedule A.

 


 

SCHEDULE A TO ANNEX I

 

Distribution Date

Notional Schedule ($)

October 25, 2005

539,000,000

November 25, 2005

530,462,000

December 25, 2005

520,112,000

January 25, 2006

507,980,000

February 25, 2006

494,107,000

March 25, 2006

478,550,000

April 25, 2006

461,385,000

May 25, 2006

442,738,000

June 25, 2006

422,887,000

July 25, 2006

403,085,000

August 25, 2006

384,145,000

September 25, 2006

366,082,000

October 25, 2006

348,873,000

November 25, 2006

332,480,000

December 25, 2006

316,864,000

January 25, 2007

301,989,000

February 25, 2007

287,816,000

March 25, 2007

274,130,000

April 25, 2007

260,111,000

May 25, 2007

239,940,000

June 25, 2007

217,256,000

July 25, 2007

196,619,000

August 25, 2007

178,130,000

September 25, 2007

161,988,000

October 25, 2007

150,625,000

November 25, 2007

142,158,000

December 25, 2007

134,329,000

January 25, 2008

127,001,000

February 25, 2008

120,102,000

March 25, 2008

113,592,000

April 25, 2008

107,448,000

May 25, 2008

101,650,000

June 25, 2008

96,177,000

July 25, 2008

91,015,000

August 25, 2008

86,143,000

September 25, 2008

81,543,000

October 25, 2008

77,200,000

November 25, 2008

73,097,000

December 25, 2008

69,222,000

January 25, 2009

65,564,000

February 25, 2009

62,109,000

March 25, 2009

58,845,000

April 25, 2009

55,759,000

May 25, 2009

0

 

 

 

 

 


 

SCHEDULE 1

 

MORTGAGE LOAN SCHEDULE

 


Originator                            Servicer                         Custodian                               ORIGINST                                 UBSLOANID                       Originator Loan #                  Servicer Loan #                             Arm/Fixed                          Amortization                                        Orig Balance                                Curr Balance                                Actual Paid to Date                      Note Rate
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476551                                 2117524                             #N/A                             Arm                                Interest In Arrears                                   $ 164,000.00                                $ 163,727.68                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476552                                 2117754                             #N/A                             Arm                                Interest In Arrears                                   $ 230,500.00                                $ 229,994.23                                   8/1/2005                              5.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476518                                 2103675                             #N/A                             Arm                                Interest In Arrears                                   $ 223,125.00                                $ 222,758.14                                   8/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476606                                 2132016                             #N/A                             Arm                                Interest In Arrears                                   $ 347,400.00                                $ 346,908.03                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476608                                 2132114                             #N/A                             Arm                                Interest In Arrears                                   $ 242,000.00                                $ 241,660.72                                   8/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476679                                 2141902                             #N/A                             Fixed                              Interest In Arrears                                   $ 140,000.00                                $ 139,849.33                                   8/1/2005                              9.090
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476680                                 2141936                             #N/A                             Fixed                              Interest In Arrears                                   $ 130,400.00                                $ 130,186.64                                   8/1/2005                              7.025
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476681                                 2141940                             #N/A                             Arm                                Interest In Arrears                                   $ 278,800.00                                $ 278,531.79                                   8/1/2005                              9.625
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476682                                 2142009                             #N/A                             Fixed                              Interest In Arrears                                    $ 88,000.00                                 $ 87,846.39                                   9/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476683                                 2142075                             #N/A                             Fixed                              Interest In Arrears                                    $ 60,000.00                                 $ 59,608.66                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476782                                 2150786                             #N/A                             Arm                                Interest In Arrears                                   $ 114,800.00                                $ 114,679.88                                   8/1/2005                              9.225
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476783                                 2150876                             #N/A                             Arm                                Interest In Arrears                                   $ 160,000.00                                $ 159,771.12                                   8/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476784                                 2151032                             #N/A                             Arm                                Interest In Arrears                                    $ 60,000.00                                 $ 59,933.51                                   8/1/2005                              8.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476785                                 2151123                             #N/A                             Arm                                Interest In Arrears                                   $ 204,000.00                                $ 203,725.33                                   8/1/2005                              8.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476786                                 2151225                             #N/A                             Fixed                              Interest In Arrears                                   $ 104,000.00                                $ 103,691.51                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476835                                 2155928                             #N/A                             Arm                                Interest In Arrears                                    $ 96,900.00                                 $ 96,757.15                                   9/1/2005                              7.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476836                                 2155961                             #N/A                             Arm                                Interest In Arrears                                   $ 155,000.00                                $ 154,707.92                                   8/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476837                                 2156171                             #N/A                             Arm                                Interest In Arrears                                   $ 200,000.00                                $ 199,776.08                                   8/1/2005                              8.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476838                                 2156239                             #N/A                             Arm                                Interest In Arrears                                   $ 156,000.00                                $ 155,679.60                                   8/1/2005                              5.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476500                                 2031912                             #N/A                             Arm                                Interest In Arrears                                    $ 90,900.00                                 $ 90,796.33                                   9/1/2005                              8.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476565                                 2122140                             #N/A                             Arm                                Interest In Arrears                                    $ 93,000.00                                 $ 92,793.71                                   8/1/2005                              7.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476589                                 2128719                             #N/A                             Fixed                              Interest In Arrears                                    $ 66,750.00                                 $ 66,652.57                                   8/1/2005                              7.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476590                                 2128802                             #N/A                             Arm                                Interest In Arrears                                   $ 225,000.00                                $ 224,562.17                                   8/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476591                                 2129486                             #N/A                             Arm                                Interest Only                                         $ 264,000.00                                $ 263,998.74                                   8/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476566                                 2122742                             #N/A                             Arm                                Interest In Arrears                                    $ 98,100.00                                 $ 97,978.24                                   8/1/2005                              8.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476567                                 2123459                             #N/A                             Fixed                              Interest In Arrears                                   $ 234,000.00                                $ 232,956.56                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476614                                 2133416                             #N/A                             Arm                                Interest In Arrears                                   $ 150,000.00                                $ 149,598.83                                   8/1/2005                              6.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476615                                 2133970                             #N/A                             Fixed                              Interest In Arrears                                   $ 330,000.00                                $ 329,340.06                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476616                                 2134202                             #N/A                             Fixed                              Interest In Arrears                                   $ 235,840.00                                $ 235,256.13                                   8/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476617                                 2134481                             #N/A                             Arm                                Interest In Arrears                                   $ 250,800.00                                $ 250,522.11                                   8/1/2005                              8.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476618                                 2134909                             #N/A                             Arm                                Interest In Arrears                                    $ 95,200.00                                 $ 95,038.78                                   9/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476561                                 2120186                             #N/A                             Arm                                Interest In Arrears                                   $ 115,200.00                                $ 114,999.71                                   7/1/2005                              8.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476562                                 2120198                             #N/A                             Arm                                Interest In Arrears                                   $ 356,000.00                                $ 355,373.13                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476673                                 2141611                             #N/A                             Arm                                Interest In Arrears                                   $ 136,000.00                                $ 135,580.00                                   8/1/2005                              5.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476674                                 2141739                             #N/A                             Fixed                              Interest In Arrears                                    $ 55,879.00                                 $ 55,594.89                                   9/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476675                                 2141753                             #N/A                             Fixed                              Interest In Arrears                                   $ 269,750.00                                $ 269,226.80                                   9/1/2005                              6.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476677                                 2141816                             #N/A                             Arm                                Interest In Arrears                                   $ 130,500.00                                $ 130,270.20                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476678                                 2141888                             #N/A                             Fixed                              Interest In Arrears                                    $ 56,000.00                                 $ 55,621.22                                   9/1/2005                              6.225
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476563                                 2120656                             #N/A                             Fixed                              Interest In Arrears                                    $ 88,000.00                                 $ 87,864.32                                   8/1/2005                              7.325
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475410                              1000893661                             #N/A                             Fixed                              Interest In Arrears                                   $ 210,000.00                                $ 208,645.69                                   8/1/2005                              6.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475621                              1001591478                             #N/A                             Fixed                              Interest In Arrears                                    $ 81,000.00                                 $ 80,916.53                                   8/1/2005                              9.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475622                              1001591682                             #N/A                             Arm                                Interest In Arrears                                    $ 84,000.00                                 $ 83,794.27                                   7/1/2005                              8.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475623                              1001591931                             #N/A                             Arm                                Interest In Arrears                                    $ 97,200.00                                 $ 96,920.13                                   8/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475624                              1001592404                             #N/A                             Arm                                Interest In Arrears                                    $ 75,600.00                                 $ 75,414.85                                   9/1/2005                              8.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475625                              1001592994                             #N/A                             Fixed                              Interest In Arrears                                   $ 139,500.00                                $ 138,996.33                                   8/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475626                              1001594876                             #N/A                             Fixed                              Interest In Arrears                                   $ 123,500.00                                $ 122,626.52                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475627                              1001595189                             #N/A                             Arm                                Interest Only                                         $ 332,000.00                                $ 331,892.35                                   9/1/2005                              7.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475522                              1001427931                             #N/A                             Arm                                Interest In Arrears                                   $ 250,000.00                                $ 249,541.46                                   9/1/2005                              8.490
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475523                              1001429109                             #N/A                             Arm                                Interest In Arrears                                    $ 75,100.00                                 $ 74,910.56                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475524                              1001430099                             #N/A                             Arm                                Interest In Arrears                                   $ 314,100.00                                $ 313,632.32                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475527                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 195,000.00                                $ 194,657.45                                   8/1/2005                              8.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475528                              1001440756                             #N/A                             Arm                                Interest Only                                         $ 466,631.00                                $ 466,631.00                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475423                              1000998353                             #N/A                             Arm                                Interest In Arrears                                   $ 348,300.00                                $ 347,529.68                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475424                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 297,000.00                                $ 296,660.52                                   8/1/2005                              8.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475425                              1001003522                             #N/A                             Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,859.97                                   8/1/2005                              8.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475880                              1001875135                             #N/A                             Fixed                              Interest In Arrears                                   $ 410,900.00                                $ 409,664.32                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475881                              1001875377                             #N/A                             Fixed                              Interest In Arrears                                   $ 168,000.00                                $ 166,456.31                                   9/1/2005                              5.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475882                              1001875689                             #N/A                             Arm                                Interest In Arrears                                   $ 125,165.00                                $ 124,866.21                                   8/1/2005                              8.625
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475883                              0000000000                             #N/A                             Arm                                Interest In Arrears                                    $ 88,000.00                                 $ 87,868.97                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475884                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                   $ 452,000.00                                $ 451,204.08                                   9/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475885                              1001877570                             #N/A                             Arm                                Interest In Arrears                                   $ 133,000.00                                $ 132,657.21                                   8/1/2005                              8.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475886                              1001877589                             #N/A                             Arm                                Interest Only                                         $ 212,000.00                                $ 211,999.98                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475887                              1001879587                             #N/A                             Arm                                Interest In Arrears                                   $ 173,000.00                                $ 172,735.13                                   8/1/2005                              8.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475559                              1001488358                             #N/A                             Arm                                Interest In Arrears                                   $ 307,000.00                                $ 306,220.87                                   8/1/2005                              6.875
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475560                              1001490942                             #N/A                             Arm                                Interest In Arrears                                   $ 140,700.00                                $ 140,432.29                                   9/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475562                              1001493440                             #N/A                             Arm                                Interest In Arrears                                   $ 230,440.00                                $ 229,931.79                                   8/1/2005                              5.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475564                              1001497892                             #N/A                             Arm                                Interest In Arrears                                   $ 472,500.00                                $ 470,827.69                                   8/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475565                              1001501397                             #N/A                             Arm                                Interest Only                                         $ 295,000.00                                $ 295,000.00                                   8/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476534                                 2109933                             #N/A                             Arm                                Interest In Arrears                                   $ 272,000.00                                $ 271,648.34                                   8/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476535                                 2109982                             #N/A                             Fixed                              Interest In Arrears                                   $ 162,500.00                                $ 160,074.46                                   9/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476525                                 2107305                             #N/A                             Arm                                Interest In Arrears                                   $ 138,500.00                                $ 137,999.92                                   8/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476685                                 2142266                             #N/A                             Arm                                Interest In Arrears                                    $ 94,500.00                                 $ 94,344.61                                   8/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476686                                 2142267                             #N/A                             Arm                                Interest In Arrears                                   $ 100,800.00                                $ 100,702.51                                   8/1/2005                              9.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476687                                 2142326                             #N/A                             Arm                                Interest In Arrears                                   $ 306,000.00                                $ 305,612.36                                   8/1/2005                              8.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476688                                 2142346                             #N/A                             Arm                                Interest In Arrears                                   $ 417,500.00                                $ 416,902.79                                   8/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476689                                 2142377                             #N/A                             Fixed                              Interest In Arrears                                   $ 167,000.00                                $ 166,452.03                                  10/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476690                                 2142499                             #N/A                             Fixed                              Interest In Arrears                                    $ 57,400.00                                 $ 57,027.70                                   8/1/2005                              6.715
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476516                                 2103126                             #N/A                             Arm                                Interest In Arrears                                   $ 132,000.00                                $ 131,695.29                                   9/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475581                              1001519271                             #N/A                             Fixed                              Interest In Arrears                                    $ 40,800.00                                 $ 40,721.91                                   8/1/2005                              9.688
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475582                              1001525282                             #N/A                             Arm                                Interest In Arrears                                   $ 123,250.00                                $ 122,830.19                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475584                              1001532489                             #N/A                             Arm                                Interest In Arrears                                   $ 171,500.00                                $ 171,217.40                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475585                              1001532700                             #N/A                             Arm                                Interest In Arrears                                   $ 208,000.00                                $ 207,611.58                                   8/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475586                              1001535235                             #N/A                             Arm                                Interest In Arrears                                    $ 75,000.00                                 $ 74,858.46                                   8/1/2005                              8.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475587                              1001535949                             #N/A                             Arm                                Interest Only                                         $ 207,920.00                                $ 207,920.00                                   9/1/2005                              5.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475588                              1001536573                             #N/A                             Arm                                Interest In Arrears                                   $ 225,000.00                                $ 224,020.43                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476624                                 2135923                             #N/A                             Fixed                              Interest In Arrears                                    $ 59,200.00                                 $ 59,131.47                                   8/1/2005                              8.740
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476625                                 2135925                             #N/A                             Arm                                Interest In Arrears                                   $ 103,500.00                                $ 103,295.37                                   9/1/2005                              6.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476626                                 2136189                             #N/A                             Fixed                              Interest In Arrears                                    $ 77,600.00                                 $ 77,453.06                                   9/1/2005                              6.275
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475422                              1000991831                             #N/A                             Fixed                              Interest In Arrears                                    $ 40,079.20                                 $ 39,998.10                                   8/1/2005                             10.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475402                              1000671767                             #N/A                             Arm                                Interest In Arrears                                   $ 131,250.00                                $ 130,766.14                                   7/1/2005                              8.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475426                              1001023993                             #N/A                             Arm                                Interest Only                                         $ 250,000.00                                $ 250,000.00                                   8/1/2005                              5.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475427                              1001035800                             #N/A                             Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,931.98                                   9/1/2005                              7.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475428                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                    $ 31,200.00                                 $ 31,139.58                                   8/1/2005                             10.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476805                                 2153175                             #N/A                             Fixed                              Interest In Arrears                                    $ 71,843.00                                 $ 71,710.19                                   9/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476806                                 2153266                             #N/A                             Arm                                Interest In Arrears                                   $ 124,000.00                                $ 123,561.90                                   8/1/2005                              5.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476807                                 2153272                             #N/A                             Fixed                              Interest In Arrears                                    $ 49,200.00                                 $ 49,171.06                                   8/1/2005                             11.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476808                                 2153277                             #N/A                             Fixed                              Interest In Arrears                                    $ 81,000.00                                 $ 80,871.98                                   9/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476809                                 2153306                             #N/A                             Fixed                              Interest In Arrears                                   $ 309,600.00                                $ 308,980.86                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476810                                 2153359                             #N/A                             Arm                                Interest In Arrears                                    $ 75,000.00                                 $ 74,861.37                                   8/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476811                                 2153452                             #N/A                             Fixed                              Interest In Arrears                                   $ 121,000.00                                $ 120,758.02                                  10/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476526                                 2108340                             #N/A                             Arm                                Interest In Arrears                                   $ 337,500.00                                $ 336,647.71                                   8/1/2005                              8.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476527                                 2108516                             #N/A                             Arm                                Interest In Arrears                                    $ 63,000.00                                 $ 62,853.43                                   8/1/2005                              9.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476528                                 2108683                             #N/A                             Arm                                Interest In Arrears                                   $ 102,000.00                                $ 101,862.66                                   8/1/2005                              8.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476529                                 2109066                             #N/A                             Arm                                Interest In Arrears                                   $ 314,500.00                                $ 313,840.22                                   8/1/2005                              9.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476536                                 2110428                             #N/A                             Arm                                Interest In Arrears                                   $ 135,000.00                                $ 134,835.84                                   9/1/2005                              8.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476120                              1002000783                             #N/A                             Fixed                              Interest In Arrears                                   $ 102,400.00                                $ 102,234.91                                   8/1/2005                              7.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476121                              1002000845                             #N/A                             Arm                                Interest In Arrears                                   $ 124,200.00                                $ 123,898.72                                   8/1/2005                              7.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476123                              1002001041                             #N/A                             Fixed                              Interest In Arrears                                    $ 75,500.00                                 $ 74,716.61                                   9/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476124                              1002001176                             #N/A                             Arm                                Interest In Arrears                                   $ 193,500.00                                $ 192,913.65                                   9/1/2005                              5.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476125                              1002002004                             #N/A                             Arm                                Interest In Arrears                                   $ 105,000.00                                $ 104,732.52                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475917                              1001898931                             #N/A                             Arm                                Interest Only                                         $ 420,000.00                                $ 420,000.00                                   8/1/2005                              5.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475919                              0000000000                             #N/A                             Arm                                Interest Only                                         $ 321,000.00                                $ 321,000.00                                   9/1/2005                              5.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475921                              1001900447                             #N/A                             Fixed                              Interest In Arrears                                   $ 200,000.00                                $ 199,397.77                                   8/1/2005                              6.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475923                              1001902098                             #N/A                             Arm                                Interest In Arrears                                   $ 101,200.00                                $ 101,049.31                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475409                              1000866076                             #N/A                             Arm                                Interest In Arrears                                    $ 85,500.00                                 $ 85,225.20                                   9/1/2005                              7.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476011                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                   $ 138,500.00                                $ 138,130.40                                   8/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476012                              1001959312                             #N/A                             Arm                                Interest Only                                         $ 270,044.00                                $ 270,043.99                                   7/1/2005                              6.475
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476013                              1001959526                             #N/A                             Arm                                Interest In Arrears                                   $ 141,500.00                                $ 141,153.89                                   7/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476014                              1001960113                             #N/A                             Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,902.22                                   9/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476016                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 250,200.00                                $ 249,908.83                                   8/1/2005                              8.713
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476098                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 210,000.00                                $ 209,480.57                                   8/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476099                              1001995309                             #N/A                             Arm                                Interest In Arrears                                   $ 600,000.00                                $ 598,669.11                                   7/1/2005                              7.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476100                              1001995443                             #N/A                             Arm                                Interest Only                                         $ 316,000.00                                $ 316,000.00                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476101                              1001996852                             #N/A                             Arm                                Interest In Arrears                                   $ 263,500.00                                $ 263,152.33                                   8/1/2005                              8.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476102                              1001996932                             #N/A                             Arm                                Interest Only                                         $ 297,500.00                                $ 297,500.00                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476103                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                    $ 46,800.00                                 $ 46,756.17                                   8/1/2005                             11.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476512                                 2099200                             #N/A                             Arm                                Interest In Arrears                                   $ 136,000.00                                $ 135,595.66                                  10/1/2005                              6.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476513                                 2099576                             #N/A                             Arm                                Interest In Arrears                                   $ 112,000.00                                $ 111,796.95                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476539                                 2111737                             #N/A                             Arm                                Interest In Arrears                                   $ 126,500.00                                $ 126,177.74                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476540                                 2113519                             #N/A                             Arm                                Interest In Arrears                                   $ 180,000.00                                $ 179,454.54                                   8/1/2005                              5.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476541                                 2113976                             #N/A                             Arm                                Interest In Arrears                                   $ 102,000.00                                $ 101,788.00                                   8/1/2005                              7.875
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476542                                 2113985                             #N/A                             Arm                                Interest In Arrears                                   $ 123,250.00                                $ 123,109.11                                   7/1/2005                              8.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476543                                 2114018                             #N/A                             Arm                                Interest In Arrears                                    $ 78,000.00                                 $ 77,808.95                                   8/1/2005                              7.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476549                                 2116342                             #N/A                             Fixed                              Interest In Arrears                                   $ 119,000.00                                $ 117,639.66                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476597                                 2129907                             #N/A                             Arm                                Interest In Arrears                                   $ 175,100.00                                $ 174,662.60                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476598                                 2129985                             #N/A                             Fixed                              Interest In Arrears                                    $ 70,000.00                                 $ 68,870.94                                   8/1/2005                              6.125
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476599                                 2130365                             #N/A                             Arm                                Interest In Arrears                                    $ 66,850.00                                 $ 66,775.92                                   8/1/2005                              8.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476576                                 2125646                             #N/A                             Arm                                Interest In Arrears                                   $ 101,600.00                                $ 101,457.84                                   8/1/2005                              9.790
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476577                                 2125891                             #N/A                             Arm                                Interest In Arrears                                    $ 94,500.00                                 $ 94,389.74                                   8/1/2005                              8.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476578                                 2126113                             #N/A                             Fixed                              Interest In Arrears                                    $ 83,200.00                                 $ 83,058.42                                   8/1/2005                              6.825
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476579                                 2126626                             #N/A                             Fixed                              Interest In Arrears                                    $ 60,000.00                                 $ 59,777.22                                   8/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476581                                 2126673                             #N/A                             Fixed                              Interest In Arrears                                   $ 210,400.00                                $ 210,025.89                                   8/1/2005                              6.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476781                                 2150489                             #N/A                             Arm                                Interest In Arrears                                   $ 144,500.00                                $ 144,324.20                                   8/1/2005                              8.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476725                                 2144115                             #N/A                             Arm                                Interest In Arrears                                   $ 272,000.00                                $ 271,511.65                                   8/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476726                                 2144136                             #N/A                             Fixed                              Interest In Arrears                                    $ 94,500.00                                 $ 94,339.98                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476727                                 2144158                             #N/A                             Fixed                              Interest In Arrears                                    $ 80,000.00                                 $ 79,887.84                                   7/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476728                                 2144256                             #N/A                             Arm                                Interest In Arrears                                    $ 64,000.00                                 $ 63,919.58                                   9/1/2005                              8.340
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476827                                 2154719                             #N/A                             Fixed                              Interest In Arrears                                    $ 66,000.00                                 $ 65,572.30                                   8/1/2005                              6.725
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476828                                 2154831                             #N/A                             Arm                                Interest In Arrears                                    $ 78,400.00                                 $ 78,303.68                                   8/1/2005                              8.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476829                                 2154833                             #N/A                             Fixed                              Interest In Arrears                                    $ 74,000.00                                 $ 73,107.48                                   8/1/2005                              6.265
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476787                                 2151244                             #N/A                             Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,905.43                                   8/1/2005                              7.840
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476788                                 2151320                             #N/A                             Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,843.51                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476789                                 2151405                             #N/A                             Arm                                Interest In Arrears                                   $ 239,500.00                                $ 239,014.93                                   9/1/2005                              5.925
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476790                                 2151449                             #N/A                             Arm                                Interest In Arrears                                    $ 75,650.00                                 $ 75,555.13                                   8/1/2005                              8.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476791                                 2151782                             #N/A                             Arm                                Interest In Arrears                                   $ 153,000.00                                $ 152,694.60                                   8/1/2005                              6.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476792                                 2151813                             #N/A                             Fixed                              Interest In Arrears                                    $ 64,800.00                                 $ 64,449.32                                   9/1/2005                              7.025
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476830                                 2155222                             #N/A                             Fixed                              Interest In Arrears                                    $ 70,200.00                                 $ 69,979.46                                   9/1/2005                              8.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476353                              1002082007                             #N/A                             Arm                                Interest In Arrears                                   $ 398,400.00                                $ 397,201.93                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476354                              1002082016                             #N/A                             Fixed                              Interest In Arrears                                   $ 311,000.00                                $ 310,422.37                                   9/1/2005                              6.375
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476356                              1002082392                             #N/A                             Fixed                              Interest In Arrears                                   $ 189,000.00                                $ 188,657.60                                   8/1/2005                              8.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476357                              1002082793                             #N/A                             Arm                                Interest In Arrears                                   $ 128,500.00                                $ 128,294.13                                   8/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476358                              1002082953                             #N/A                             Arm                                Interest In Arrears                                    $ 83,200.00                                 $ 83,027.91                                   9/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476359                              1002082999                             #N/A                             Arm                                Interest Only                                         $ 252,900.00                                $ 252,900.00                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476360                              1002083202                             #N/A                             Fixed                              Interest In Arrears                                   $ 164,000.00                                $ 163,672.03                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475411                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 212,500.00                                $ 211,906.25                                   8/1/2005                              7.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475412                              1000906880                             #N/A                             Arm                                Interest In Arrears                                   $ 187,295.00                                $ 186,597.20                                   9/1/2005                              7.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475503                              1001368326                             #N/A                             Arm                                Interest In Arrears                                   $ 297,500.00                                $ 296,771.33                                   8/1/2005                              7.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475504                              1001372883                             #N/A                             Arm                                Interest In Arrears                                   $ 116,000.00                                $ 115,751.53                                   8/1/2005                              9.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476633                                 2137331                             #N/A                             Fixed                              Interest In Arrears                                   $ 171,000.00                                $ 170,658.02                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476634                                 2137379                             #N/A                             Arm                                Interest In Arrears                                   $ 212,500.00                                $ 211,989.69                                   9/1/2005                              7.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476635                                 2137426                             #N/A                             Arm                                Interest In Arrears                                   $ 117,900.00                                $ 117,750.44                                   9/1/2005                              8.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476636                                 2137456                             #N/A                             Fixed                              Interest In Arrears                                   $ 328,000.00                                $ 327,405.35                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476637                                 2137659                             #N/A                             Fixed                              Interest In Arrears                                   $ 125,000.00                                $ 124,762.16                                   8/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476638                                 2137697                             #N/A                             Fixed                              Interest In Arrears                                   $ 128,000.00                                $ 127,629.08                                   9/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476619                                 2135090                             #N/A                             Arm                                Interest In Arrears                                   $ 255,000.00                                $ 254,608.80                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476620                                 2135144                             #N/A                             Arm                                Interest In Arrears                                   $ 144,000.00                                $ 143,622.27                                   9/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476621                                 2135146                             #N/A                             Arm                                Interest In Arrears                                   $ 130,200.00                                $ 129,959.34                                   8/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476622                                 2135433                             #N/A                             Arm                                Interest In Arrears                                    $ 71,100.00                                 $ 71,000.32                                   8/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476623                                 2135743                             #N/A                             Arm                                Interest In Arrears                                   $ 110,400.00                                $ 110,235.61                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476665                                 2140538                             #N/A                             Fixed                              Interest In Arrears                                   $ 130,000.00                                $ 129,468.40                                   9/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476666                                 2140956                             #N/A                             Arm                                Interest In Arrears                                    $ 91,800.00                                 $ 91,686.06                                   8/1/2005                              8.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476657                                 2139640                             #N/A                             Fixed                              Interest In Arrears                                   $ 173,000.00                                $ 172,776.34                                   8/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476658                                 2139710                             #N/A                             Arm                                Interest In Arrears                                   $ 231,600.00                                $ 231,140.07                                   8/1/2005                              8.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476659                                 2140030                             #N/A                             Arm                                Interest In Arrears                                    $ 52,500.00                                 $ 52,450.80                                   9/1/2005                              9.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476660                                 2140063                             #N/A                             Fixed                              Interest In Arrears                                   $ 122,400.00                                $ 122,199.74                                   8/1/2005                              7.025
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476270                              1002059113                             #N/A                             Arm                                Interest In Arrears                                    $ 59,500.00                                 $ 59,339.32                                   9/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476271                              1002059202                             #N/A                             Arm                                Interest Only                                         $ 216,000.00                                $ 215,999.50                                   8/1/2005                              8.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476272                              1002059319                             #N/A                             Arm                                Interest In Arrears                                   $ 104,400.00                                $ 104,198.43                                   8/1/2005                              8.238
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476274                              1002059382                             #N/A                             Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,861.20                                   8/1/2005                              7.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476275                              1002059603                             #N/A                             Arm                                Interest In Arrears                                   $ 123,200.00                                $ 122,921.22                                   9/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476276                              1002059774                             #N/A                             Arm                                Interest In Arrears                                   $ 153,000.00                                $ 152,736.72                                   8/1/2005                              8.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476277                              1002059845                             #N/A                             Arm                                Interest In Arrears                                   $ 102,750.00                                $ 102,578.57                                   8/1/2005                              8.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476134                              1002006135                             #N/A                             Arm                                Interest In Arrears                                    $ 50,400.00                                 $ 50,323.44                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476136                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 571,500.00                                $ 570,513.13                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476137                              1002006714                             #N/A                             Arm                                Interest In Arrears                                    $ 60,000.00                                 $ 59,908.86                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476138                              1002007624                             #N/A                             Arm                                Interest In Arrears                                    $ 72,000.00                                 $ 71,881.62                                   8/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476139                              1002007811                             #N/A                             Arm                                Interest In Arrears                                   $ 255,000.00                                $ 254,620.73                                   9/1/2005                              9.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476639                                 2137705                             #N/A                             Arm                                Interest In Arrears                                    $ 58,225.00                                 $ 58,148.95                                   8/1/2005                              8.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476640                                 2137814                             #N/A                             Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,915.34                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476641                                 2137854                             #N/A                             Arm                                Interest In Arrears                                    $ 61,000.00                                 $ 60,885.54                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476642                                 2137980                             #N/A                             Fixed                              Interest In Arrears                                    $ 96,600.00                                 $ 96,419.72                                   9/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476643                                 2137984                             #N/A                             Arm                                Interest In Arrears                                    $ 59,500.00                                 $ 59,443.35                                   8/1/2005                              9.675
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476644                                 2138072                             #N/A                             Arm                                Interest In Arrears                                   $ 162,350.00                                $ 162,117.75                                   8/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476646                                 2138451                             #N/A                             Arm                                Interest In Arrears                                   $ 264,500.00                                $ 263,891.89                                   8/1/2005                              5.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475417                              1000951884                             #N/A                             Arm                                Interest In Arrears                                   $ 526,500.00                                $ 525,195.14                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475418                              1000958477                             #N/A                             Fixed                              Interest In Arrears                                   $ 440,000.00                                $ 438,252.48                                   8/1/2005                              8.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475419                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                    $ 34,400.00                                 $ 34,367.43                                   8/1/2005                              9.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475466                              1001270163                             #N/A                             Arm                                Interest Only                                         $ 352,080.00                                $ 351,954.95                                   9/1/2005                              5.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475467                              1001271634                             #N/A                             Arm                                Interest In Arrears                                   $ 257,400.00                                $ 257,075.60                                   8/1/2005                              8.325
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475469                              1001290070                             #N/A                             Arm                                Interest In Arrears                                   $ 472,750.00                                $ 472,166.26                                   8/1/2005                              8.425
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475480                              1001314633                             #N/A                             Arm                                Interest In Arrears                                   $ 111,150.00                                $ 110,651.83                                   9/1/2005                              6.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475481                              1001316150                             #N/A                             Arm                                Interest In Arrears                                    $ 94,500.00                                 $ 94,189.85                                   7/1/2005                              8.175
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475482                              1001316515                             #N/A                             Fixed                              Interest In Arrears                                    $ 72,000.00                                 $ 71,853.61                                   8/1/2005                              9.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475483                              1001319736                             #N/A                             Fixed                              Interest In Arrears                                    $ 61,000.00                                 $ 60,871.33                                   8/1/2005                              9.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475484                              1001320840                             #N/A                             Arm                                Interest In Arrears                                   $ 109,710.00                                $ 109,459.94                                   9/1/2005                              8.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475628                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 361,584.00                                $ 360,529.36                                   8/1/2005                              6.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475629                              1001601243                             #N/A                             Arm                                Interest In Arrears                                   $ 179,010.00                                $ 178,604.90                                   8/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475630                              1001603036                             #N/A                             Fixed                              Interest In Arrears                                    $ 38,000.00                                 $ 37,947.38                                   9/1/2005                             11.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475631                              1001604561                             #N/A                             Arm                                Interest In Arrears                                   $ 171,000.00                                $ 170,375.81                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475632                              1001605301                             #N/A                             Arm                                Interest In Arrears                                   $ 450,000.00                                $ 448,343.58                                   8/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475633                              1001606872                             #N/A                             Arm                                Interest In Arrears                                   $ 214,200.00                                $ 213,501.08                                   9/1/2005                              7.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475634                              1001606970                             #N/A                             Fixed                              Interest In Arrears                                   $ 147,500.00                                $ 146,924.91                                   8/1/2005                              6.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476161                              1002018195                             #N/A                             Arm                                Interest In Arrears                                    $ 96,000.00                                 $ 95,801.03                                   9/1/2005                              7.888
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476162                              1002018355                             #N/A                             Arm                                Interest Only                                         $ 372,000.00                                $ 372,000.00                                   8/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476164                              1002019540                             #N/A                             Arm                                Interest In Arrears                                    $ 57,750.00                                 $ 57,634.17                                   8/1/2005                              8.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476165                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                    $ 68,000.00                                 $ 67,866.32                                   9/1/2005                              8.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476166                              1002020324                             #N/A                             Arm                                Interest In Arrears                                   $ 241,600.00                                $ 240,925.04                                   8/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476610                                 2132335                             #N/A                             Arm                                Interest In Arrears                                    $ 54,400.00                                 $ 54,293.04                                   8/1/2005                              8.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476611                                 2132378                             #N/A                             Arm                                Interest In Arrears                                   $ 198,000.00                                $ 197,654.72                                   8/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476612                                 2132802                             #N/A                             Fixed                              Interest In Arrears                                    $ 63,000.00                                 $ 62,939.71                                   9/1/2005                              9.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476613                                 2132830                             #N/A                             Arm                                Interest In Arrears                                   $ 133,600.00                                $ 133,435.88                                   8/1/2005                              8.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476140                              1002008339                             #N/A                             Arm                                Interest In Arrears                                   $ 102,000.00                                $ 101,815.08                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476141                              1002008464                             #N/A                             Fixed                              Interest In Arrears                                   $ 195,000.00                                $ 194,460.51                                   8/1/2005                              6.425
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476142                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 163,000.00                                $ 162,586.83                                   8/1/2005                              6.875
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476143                              1002010086                             #N/A                             Arm                                Interest Only                                         $ 112,800.00                                $ 112,800.00                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476144                              1002010291                             #N/A                             Arm                                Interest In Arrears                                   $ 245,000.00                                $ 244,581.04                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476145                              1002010638                             #N/A                             Arm                                Interest In Arrears                                   $ 137,700.00                                $ 137,504.99                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476146                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 267,750.00                                $ 267,215.57                                   8/1/2005                              6.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476046                              1001970674                             #N/A                             Fixed                              Interest In Arrears                                   $ 310,500.00                                $ 309,880.23                                   8/1/2005                              6.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476047                              1001971067                             #N/A                             Arm                                Interest In Arrears                                    $ 89,100.00                                 $ 88,941.86                                   8/1/2005                              8.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476048                              1001971806                             #N/A                             Arm                                Interest In Arrears                                   $ 244,000.00                                $ 243,629.38                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476049                              1001972636                             #N/A                             Arm                                Interest In Arrears                                   $ 113,050.00                                $ 112,825.50                                   8/1/2005                              8.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476050                              1001973582                             #N/A                             Arm                                Interest In Arrears                                   $ 385,000.00                                $ 384,084.54                                   8/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476051                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 311,250.00                                $ 310,561.36                                   8/1/2005                              8.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476052                              1001974331                             #N/A                             Arm                                Interest In Arrears                                   $ 135,000.00                                $ 134,691.48                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476053                              1001975438                             #N/A                             Arm                                Interest In Arrears                                   $ 102,000.00                                $ 101,857.00                                   9/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475461                              1001257142                             #N/A                             Arm                                Interest Only                                         $ 592,000.00                                $ 592,000.00                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475463                              1001262323                             #N/A                             Fixed                              Interest In Arrears                                    $ 42,000.00                                 $ 41,908.51                                   8/1/2005                             10.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475464                              1001262742                             #N/A                             Arm                                Interest In Arrears                                   $ 308,000.00                                $ 306,986.55                                   9/1/2005                              7.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475465                              1001267890                             #N/A                             Arm                                Interest In Arrears                                   $ 225,000.00                                $ 224,603.80                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476361                              1002083211                             #N/A                             Arm                                Interest In Arrears                                   $ 159,067.00                                $ 158,904.01                                   8/1/2005                              9.325
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476362                              1002083916                             #N/A                             Arm                                Interest In Arrears                                   $ 385,000.00                                $ 384,397.51                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476363                              1002084185                             #N/A                             Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,825.34                                   8/1/2005                              9.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476365                              1002084924                             #N/A                             Arm                                Interest Only                                         $ 248,000.00                                $ 247,999.98                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476366                              1002085317                             #N/A                             Fixed                              Interest In Arrears                                   $ 102,800.00                                $ 102,490.85                                   9/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476367                              1002085451                             #N/A                             Fixed                              Interest In Arrears                                    $ 39,000.00                                 $ 38,963.86                                   8/1/2005                             11.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476368                              1002085772                             #N/A                             Arm                                Interest In Arrears                                   $ 128,000.00                                $ 127,776.80                                   8/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476700                                 2143303                             #N/A                             Fixed                              Interest In Arrears                                   $ 476,000.00                                $ 475,048.07                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476701                                 2143337                             #N/A                             Arm                                Interest In Arrears                                    $ 57,290.00                                 $ 57,235.18                                   8/1/2005                              9.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476702                                 2143350                             #N/A                             Fixed                              Interest In Arrears                                   $ 115,200.00                                $ 114,969.61                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476703                                 2143355                             #N/A                             Fixed                              Interest In Arrears                                    $ 72,000.00                                 $ 71,908.46                                   8/1/2005                              8.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476704                                 2143405                             #N/A                             Fixed                              Interest In Arrears                                    $ 84,000.00                                 $ 83,906.91                                   8/1/2005                              8.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476705                                 2143407                             #N/A                             Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,818.00                                   8/1/2005                              6.875
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476706                                 2143417                             #N/A                             Arm                                Interest In Arrears                                   $ 155,000.00                                $ 154,762.21                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476554                                 2118878                             #N/A                             Arm                                Interest In Arrears                                   $ 220,000.00                                $ 219,715.57                                   8/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476555                                 2119005                             #N/A                             Fixed                              Interest In Arrears                                    $ 80,000.00                                 $ 79,791.19                                   8/1/2005                              6.725
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476530                                 2109347                             #N/A                             Fixed                              Interest In Arrears                                   $ 234,000.00                                $ 232,306.94                                   8/1/2005                              6.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476531                                 2109845                             #N/A                             Arm                                Interest In Arrears                                    $ 81,000.00                                 $ 80,879.38                                   9/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476533                                 2109931                             #N/A                             Arm                                Interest In Arrears                                   $ 193,950.00                                $ 193,536.65                                   7/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475536                              1001450566                             #N/A                             Arm                                Interest In Arrears                                   $ 278,000.00                                $ 276,562.10                                   8/1/2005                              5.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475537                              1001450637                             #N/A                             Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,876.27                                   8/1/2005                              8.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475538                              1001450806                             #N/A                             Arm                                Interest Only                                         $ 264,000.00                                $ 264,000.00                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475540                              1001456640                             #N/A                             Arm                                Interest In Arrears                                    $ 69,750.00                                 $ 69,669.43                                   8/1/2005                              8.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475472                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                    $ 54,363.00                                 $ 54,294.02                                   9/1/2005                             10.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475473                              1001301291                             #N/A                             Arm                                Interest In Arrears                                   $ 324,000.00                                $ 323,259.50                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475474                              1001307071                             #N/A                             Fixed                              Interest In Arrears                                   $ 210,000.00                                $ 209,012.36                                   8/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475477                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 112,500.00                                $ 112,362.50                                   8/1/2005                              8.475
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475478                              1001313536                             #N/A                             Arm                                Interest In Arrears                                   $ 288,000.00                                $ 286,840.36                                   8/1/2005                              7.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475566                              1001502181                             #N/A                             Arm                                Interest In Arrears                                   $ 517,500.00                                $ 515,994.98                                   8/1/2005                              7.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475567                              1001502911                             #N/A                             Arm                                Interest In Arrears                                   $ 517,500.00                                $ 515,363.89                                   8/1/2005                              5.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475570                              1001505017                             #N/A                             Arm                                Interest In Arrears                                   $ 500,000.00                                $ 498,394.23                                   8/1/2005                              7.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475571                              1001505810                             #N/A                             Arm                                Interest In Arrears                                   $ 274,500.00                                $ 273,793.54                                   9/1/2005                              8.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475572                              1001511055                             #N/A                             Arm                                Interest In Arrears                                    $ 56,100.00                                 $ 55,984.71                                   7/1/2005                              9.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476538                                 2111286                             #N/A                             Arm                                Interest In Arrears                                   $ 369,750.00                                $ 369,367.15                                   8/1/2005                              9.275
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476544                                 2114624                             #N/A                             Fixed                              Interest In Arrears                                    $ 61,000.00                                 $ 60,434.84                                   8/1/2005                              7.315
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476545                                 2114761                             #N/A                             Fixed                              Interest In Arrears                                    $ 98,000.00                                 $ 97,813.53                                   9/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476546                                 2114857                             #N/A                             Arm                                Interest In Arrears                                   $ 107,300.00                                $ 107,138.51                                   9/1/2005                              7.475
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476547                                 2115022                             #N/A                             Arm                                Interest In Arrears                                   $ 112,000.00                                $ 111,766.06                                   8/1/2005                              7.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476600                                 2130602                             #N/A                             Arm                                Interest In Arrears                                   $ 202,400.00                                $ 202,036.32                                   7/1/2005                              8.590
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476601                                 2130867                             #N/A                             Fixed                              Interest In Arrears                                   $ 107,900.00                                $ 107,698.38                                   8/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476602                                 2130893                             #N/A                             Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,857.11                                   8/1/2005                              7.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476603                                 2131201                             #N/A                             Arm                                Interest In Arrears                                   $ 127,500.00                                $ 127,271.36                                   8/1/2005                              8.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476605                                 2131421                             #N/A                             Arm                                Interest In Arrears                                   $ 220,500.00                                $ 220,084.48                                   7/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476793                                 2151931                             #N/A                             Arm                                Interest In Arrears                                    $ 63,750.00                                 $ 63,688.33                                   8/1/2005                              9.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476794                                 2152335                             #N/A                             Arm                                Interest In Arrears                                   $ 140,250.00                                $ 140,088.03                                   8/1/2005                              8.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476795                                 2152408                             #N/A                             Fixed                              Interest In Arrears                                    $ 82,250.00                                 $ 81,724.97                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476796                                 2152480                             #N/A                             Arm                                Interest In Arrears                                   $ 116,100.00                                $ 115,600.56                                   8/1/2005                              8.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476797                                 2152646                             #N/A                             Fixed                              Interest In Arrears                                    $ 68,000.00                                 $ 67,894.10                                   8/1/2005                              7.275
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476768                                 2148334                             #N/A                             Arm                                Interest In Arrears                                   $ 261,100.00                                $ 260,718.92                                   8/1/2005                              7.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476769                                 2148452                             #N/A                             Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,806.09                                   8/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476770                                 2148477                             #N/A                             Arm                                Interest In Arrears                                   $ 194,650.00                                $ 194,400.89                                   8/1/2005                              8.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476771                                 2148513                             #N/A                             Arm                                Interest In Arrears                                   $ 134,300.00                                $ 134,167.36                                   8/1/2005                              9.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476819                                 2153714                             #N/A                             Fixed                              Interest In Arrears                                    $ 52,000.00                                 $ 51,940.23                                   8/1/2005                              8.815
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476820                                 2153761                             #N/A                             Fixed                              Interest In Arrears                                   $ 135,000.00                                $ 134,775.85                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476821                                 2153811                             #N/A                             Arm                                Interest In Arrears                                   $ 204,000.00                                $ 203,753.23                                   9/1/2005                              8.525
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476823                                 2153882                             #N/A                             Fixed                              Interest In Arrears                                    $ 96,000.00                                 $ 95,807.97                                   9/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476824                                 2154006                             #N/A                             Arm                                Interest In Arrears                                   $ 239,200.00                                $ 238,883.09                                   8/1/2005                              8.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476825                                 2154128                             #N/A                             Arm                                Interest In Arrears                                   $ 198,900.00                                $ 198,612.60                                  10/1/2005                              7.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475590                              1001537901                             #N/A                             Arm                                Interest In Arrears                                    $ 76,500.00                                 $ 76,306.80                                   8/1/2005                              8.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475591                              1001538296                             #N/A                             Arm                                Interest In Arrears                                    $ 85,000.00                                 $ 84,755.25                                   8/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475592                              1001538321                             #N/A                             Arm                                Interest In Arrears                                   $ 104,400.00                                $ 104,114.09                                   8/1/2005                              7.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475593                              1001539160                             #N/A                             Arm                                Interest In Arrears                                   $ 252,000.00                                $ 251,524.38                                   8/1/2005                              8.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475594                              1001542646                             #N/A                             Arm                                Interest In Arrears                                   $ 305,000.00                                $ 304,211.60                                   8/1/2005                              6.775
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475595                              1001544939                             #N/A                             Arm                                Interest In Arrears                                   $ 374,000.00                                $ 373,445.91                                   9/1/2005                              7.525
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475596                              1001544966                             #N/A                             Arm                                Interest In Arrears                                   $ 156,600.00                                $ 156,175.46                                   7/1/2005                              8.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475573                              1001511536                             #N/A                             Arm                                Interest In Arrears                                   $ 153,000.00                                $ 152,546.05                                   8/1/2005                              7.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475574                              0000000000                             #N/A                             Arm                                Interest Only                                         $ 217,600.00                                $ 217,599.96                                   9/1/2005                              5.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475576                              1001514007                             #N/A                             Arm                                Interest Only                                         $ 135,500.00                                $ 135,499.97                                   8/1/2005                              7.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475577                              1001514365                             #N/A                             Arm                                Interest In Arrears                                    $ 93,870.00                                 $ 93,660.40                                   7/1/2005                              8.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475578                              1001516014                             #N/A                             Arm                                Interest Only                                         $ 522,000.00                                $ 522,000.00                                   8/1/2005                              5.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475579                              1001517157                             #N/A                             Fixed                              Interest In Arrears                                   $ 110,200.00                                $ 109,519.06                                   9/1/2005                              7.275
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476186                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                   $ 139,000.00                                $ 138,582.00                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476188                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                   $ 308,500.00                                $ 307,572.28                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476189                              1002032464                             #N/A                             Arm                                Interest In Arrears                                   $ 116,800.00                                $ 116,586.22                                   8/1/2005                              8.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476190                              1002032838                             #N/A                             Arm                                Interest In Arrears                                   $ 126,150.00                                $ 125,805.99                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476191                              1002033249                             #N/A                             Arm                                Interest In Arrears                                   $ 112,000.00                                $ 111,880.95                                   8/1/2005                              9.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475614                              1001582415                             #N/A                             Fixed                              Interest In Arrears                                   $ 450,000.00                                $ 449,100.08                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475615                              1001586091                             #N/A                             Arm                                Interest In Arrears                                   $ 205,150.40                                $ 204,713.21                                   9/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475616                              1001587893                             #N/A                             Arm                                Interest In Arrears                                   $ 110,500.00                                $ 110,275.63                                   8/1/2005                              7.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475617                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 396,800.00                                $ 396,058.69                                   8/1/2005                              8.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475618                              1001589980                             #N/A                             Fixed                              Interest In Arrears                                   $ 136,000.00                                $ 135,795.47                                   9/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475619                              1001590371                             #N/A                             Arm                                Interest In Arrears                                    $ 54,400.00                                 $ 54,298.77                                   8/1/2005                              8.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475620                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 153,000.00                                $ 152,698.52                                   8/1/2005                              9.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475443                              1001140090                             #N/A                             Arm                                Interest In Arrears                                    $ 79,200.00                                 $ 78,984.87                                   8/1/2005                              7.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475444                              1001142016                             #N/A                             Fixed                              Interest In Arrears                                   $ 117,000.00                                $ 116,860.64                                   7/1/2005                              8.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475445                              1001145102                             #N/A                             Arm                                Interest In Arrears                                   $ 376,957.00                                $ 376,335.36                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475446                              1001158589                             #N/A                             Arm                                Interest In Arrears                                   $ 400,000.00                                $ 399,178.19                                   8/1/2005                              9.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475447                              1001166516                             #N/A                             Arm                                Interest In Arrears                                    $ 66,600.00                                 $ 66,428.34                                   7/1/2005                              8.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475448                              1001167365                             #N/A                             Arm                                Interest In Arrears                                    $ 84,500.00                                 $ 84,353.35                                   8/1/2005                              6.725
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475449                              1001187806                             #N/A                             Arm                                Interest Only                                         $ 138,400.00                                $ 138,400.00                                   8/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475450                              1001190286                             #N/A                             Arm                                Interest In Arrears                                   $ 151,000.00                                $ 150,777.40                                   8/1/2005                              7.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475451                              1001197644                             #N/A                             Arm                                Interest In Arrears                                   $ 155,200.00                                $ 154,959.51                                   9/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475452                              1001200845                             #N/A                             Arm                                Interest Only                                         $ 378,000.00                                $ 377,287.36                                   9/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475605                              1001555338                             #N/A                             Arm                                Interest Only                                         $ 220,000.00                                $ 220,000.00                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475606                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 500,000.00                                $ 498,425.58                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475607                              1001561330                             #N/A                             Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,887.47                                   8/1/2005                              8.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475608                              1001566291                             #N/A                             Arm                                Interest In Arrears                                   $ 134,300.00                                $ 133,935.91                                   8/1/2005                              8.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475609                              1001569074                             #N/A                             Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,613.82                                   8/1/2005                              6.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475610                              1001571463                             #N/A                             Fixed                              Interest In Arrears                                    $ 45,780.00                                 $ 45,667.88                                   8/1/2005                              8.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475611                              1001572658                             #N/A                             Arm                                Interest In Arrears                                   $ 367,500.00                                $ 365,909.96                                   7/1/2005                              5.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475612                              1001575691                             #N/A                             Arm                                Interest In Arrears                                   $ 258,704.00                                $ 257,827.11                                   8/1/2005                              6.875
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475436                              1001079282                             #N/A                             Fixed                              Interest In Arrears                                    $ 66,089.00                                 $ 65,995.48                                   8/1/2005                             11.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475437                              1001089208                             #N/A                             Arm                                Interest In Arrears                                   $ 171,000.00                                $ 170,542.67                                   8/1/2005                              6.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475438                              1001101532                             #N/A                             Arm                                Interest Only                                         $ 229,500.00                                $ 229,465.79                                   8/1/2005                              5.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475439                              1001116107                             #N/A                             Fixed                              Interest In Arrears                                    $ 42,000.00                                 $ 41,927.58                                   8/1/2005                             10.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475440                              1001117133                             #N/A                             Arm                                Interest In Arrears                                   $ 387,000.00                                $ 385,144.75                                   8/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475441                              1001117561                             #N/A                             Arm                                Interest In Arrears                                   $ 229,500.00                                $ 228,663.34                                   9/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475442                              1001119630                             #N/A                             Arm                                Interest In Arrears                                   $ 423,000.00                                $ 422,154.09                                   9/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476522                                 2106941                             #N/A                             Arm                                Interest In Arrears                                   $ 127,500.00                                $ 127,197.40                                   8/1/2005                              8.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476524                                 2107077                             #N/A                             Arm                                Interest In Arrears                                    $ 88,350.00                                 $ 88,239.21                                   8/1/2005                              8.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476587                                 2127958                             #N/A                             Arm                                Interest In Arrears                                   $ 310,500.00                                $ 309,724.41                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476588                                 2127987                             #N/A                             Fixed                              Interest In Arrears                                   $ 435,000.00                                $ 434,130.09                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475429                              1001048501                             #N/A                             Arm                                Interest In Arrears                                   $ 115,200.00                                $ 115,006.83                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475431                              1001060639                             #N/A                             Fixed                              Interest In Arrears                                   $ 157,250.00                                $ 156,575.66                                   8/1/2005                              5.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475432                              1001061923                             #N/A                             Arm                                Interest In Arrears                                   $ 175,000.00                                $ 174,682.74                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475433                              1001062708                             #N/A                             Arm                                Interest In Arrears                                   $ 199,500.00                                $ 199,212.88                                   8/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475434                              1001075295                             #N/A                             Arm                                Interest Only                                         $ 436,000.00                                $ 436,000.00                                   8/1/2005                              6.125
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475435                              1001079068                             #N/A                             Arm                                Interest In Arrears                                   $ 264,356.00                                $ 263,392.27                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476287                              1002062001                             #N/A                             Arm                                Interest In Arrears                                   $ 155,700.00                                $ 155,445.80                                   9/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476289                              1002062957                             #N/A                             Arm                                Interest Only                                         $ 415,800.00                                $ 415,800.00                                   8/1/2005                              5.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476290                              1002063340                             #N/A                             Fixed                              Interest In Arrears                                   $ 194,400.00                                $ 194,040.66                                   9/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476291                              1002063509                             #N/A                             Fixed                              Interest In Arrears                                   $ 111,920.00                                $ 111,774.56                                   8/1/2005                              8.175
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476292                              1002063849                             #N/A                             Fixed                              Interest In Arrears                                   $ 206,500.00                                $ 206,221.39                                   8/1/2005                              7.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475399                              1000146103                             #N/A                             Fixed                              Interest In Arrears                                    $ 39,780.00                                 $ 39,535.03                                   8/1/2005                             10.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476179                              1002026113                             #N/A                             Arm                                Interest In Arrears                                    $ 90,000.00                                 $ 89,790.20                                   8/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476180                              1002026934                             #N/A                             Arm                                Interest Only                                          $ 77,040.00                                 $ 77,040.00                                   9/1/2005                              8.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476181                              1002027078                             #N/A                             Arm                                Interest In Arrears                                    $ 73,100.00                                 $ 73,023.91                                   8/1/2005                              9.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476182                              1002027853                             #N/A                             Arm                                Interest In Arrears                                   $ 129,200.00                                $ 128,993.76                                   8/1/2005                              7.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476183                              1002029922                             #N/A                             Arm                                Interest Only                                         $ 171,000.00                                $ 171,000.00                                   8/1/2005                              6.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476184                              1002029959                             #N/A                             Arm                                Interest In Arrears                                   $ 282,286.00                                $ 281,736.69                                   8/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476185                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 192,600.00                                $ 192,084.90                                   9/1/2005                              6.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475716                              1001697783                             #N/A                             Fixed                              Interest In Arrears                                    $ 77,000.00                                 $ 76,903.45                                   8/1/2005                              8.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475717                              1001698283                             #N/A                             Arm                                Interest In Arrears                                   $ 304,000.00                                $ 303,194.85                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475718                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 124,000.00                                $ 123,615.01                                   8/1/2005                              7.325
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475719                              1001701313                             #N/A                             Arm                                Interest In Arrears                                   $ 202,500.00                                $ 202,111.92                                   8/1/2005                              8.275
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475720                              1001703543                             #N/A                             Arm                                Interest In Arrears                                   $ 127,920.00                                $ 127,598.88                                   8/1/2005                              6.925
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475721                              1001705211                             #N/A                             Arm                                Interest In Arrears                                   $ 148,500.00                                $ 148,121.73                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475722                              1001705827                             #N/A                             Arm                                Interest In Arrears                                   $ 308,750.00                                $ 307,869.84                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475723                              1001706194                             #N/A                             Arm                                Interest In Arrears                                   $ 192,000.00                                $ 191,534.35                                   8/1/2005                              7.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476568                                 2123861                             #N/A                             Fixed                              Interest In Arrears                                   $ 108,800.00                                $ 108,582.40                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476569                                 2123890                             #N/A                             Arm                                Interest In Arrears                                   $ 171,600.00                                $ 171,378.14                                   8/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476570                                 2123947                             #N/A                             Arm                                Interest In Arrears                                   $ 304,000.00                                $ 303,443.49                                   9/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476104                              1001997405                             #N/A                             Arm                                Interest In Arrears                                   $ 154,400.00                                $ 154,032.86                                   8/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476105                              1001998039                             #N/A                             Arm                                Interest In Arrears                                   $ 200,000.00                                $ 199,708.12                                   8/1/2005                              7.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476106                              1001998226                             #N/A                             Arm                                Interest Only                                         $ 386,000.00                                $ 386,000.00                                   9/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476107                              1001998306                             #N/A                             Arm                                Interest In Arrears                                   $ 152,000.00                                $ 151,724.63                                   8/1/2005                              8.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476108                              0000000000                             #N/A                             Arm                                Interest Only                                         $ 231,728.00                                $ 231,727.98                                   8/1/2005                              6.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476109                              1001998734                             #N/A                             Fixed                              Interest In Arrears                                    $ 61,750.00                                 $ 61,652.20                                   8/1/2005                              9.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476110                              1001998805                             #N/A                             Arm                                Interest In Arrears                                   $ 108,500.00                                $ 108,385.87                                   8/1/2005                              9.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476111                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 161,500.00                                $ 161,268.96                                   9/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476031                              0000000000                             #N/A                             Arm                                Interest Only                                         $ 558,400.00                                $ 558,388.35                                   8/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476033                              1001966028                             #N/A                             Arm                                Interest In Arrears                                    $ 66,500.00                                 $ 66,347.99                                   9/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476034                              1001966108                             #N/A                             Arm                                Interest In Arrears                                   $ 304,000.00                                $ 303,590.68                                   8/1/2005                              8.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476035                              1001966439                             #N/A                             Arm                                Interest In Arrears                                   $ 244,000.00                                $ 243,378.47                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475774                              1001764852                             #N/A                             Arm                                Interest Only                                         $ 284,000.00                                $ 284,000.00                                   8/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475775                              1001764969                             #N/A                             Arm                                Interest In Arrears                                   $ 230,114.00                                $ 229,839.88                                   8/1/2005                              8.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475776                              1001767421                             #N/A                             Fixed                              Interest In Arrears                                    $ 69,900.00                                 $ 69,826.17                                   9/1/2005                             11.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475777                              1001767430                             #N/A                             Arm                                Interest In Arrears                                   $ 153,000.00                                $ 152,744.75                                   8/1/2005                              8.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475779                              1001767902                             #N/A                             Arm                                Interest In Arrears                                   $ 179,696.00                                $ 179,333.89                                   8/1/2005                              5.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475780                              1001768180                             #N/A                             Fixed                              Interest In Arrears                                    $ 29,400.00                                 $ 29,373.65                                   9/1/2005                             11.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475781                              1001768199                             #N/A                             Arm                                Interest In Arrears                                   $ 117,600.00                                $ 117,165.61                                   9/1/2005                              7.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475703                              1001684387                             #N/A                             Arm                                Interest In Arrears                                   $ 150,800.00                                $ 150,412.07                                   9/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475704                              1001684626                             #N/A                             Arm                                Interest In Arrears                                   $ 247,500.00                                $ 246,765.70                                   7/1/2005                              7.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475705                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                    $ 37,314.00                                 $ 37,249.24                                   7/1/2005                             10.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475706                              1001685331                             #N/A                             Arm                                Interest In Arrears                                   $ 350,000.00                                $ 349,090.88                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475707                              1001686544                             #N/A                             Arm                                Interest In Arrears                                   $ 168,000.00                                $ 167,613.13                                   8/1/2005                              8.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475708                              0000000000                             #N/A                             Arm                                Interest In Arrears                                    $ 96,000.00                                 $ 95,839.02                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475709                              1001690717                             #N/A                             Fixed                              Interest In Arrears                                    $ 24,000.00                                 $ 23,981.84                                   8/1/2005                             10.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475710                              1001692706                             #N/A                             Arm                                Interest In Arrears                                   $ 105,600.00                                $ 105,298.23                                   9/1/2005                              7.738
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475711                              1001693439                             #N/A                             Arm                                Interest In Arrears                                   $ 127,500.00                                $ 127,194.24                                   9/1/2005                              8.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475712                              1001693778                             #N/A                             Arm                                Interest In Arrears                                   $ 264,000.00                                $ 263,530.59                                   8/1/2005                              6.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475715                              1001697578                             #N/A                             Arm                                Interest In Arrears                                   $ 161,150.00                                $ 160,503.45                                   8/1/2005                              6.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476502                                 2046873                             #N/A                             Fixed                              Interest In Arrears                                   $ 106,600.00                                $ 106,133.62                                   8/1/2005                              6.725
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476564                                 2121683                             #N/A                             Arm                                Interest In Arrears                                    $ 66,975.00                                 $ 66,905.63                                   8/1/2005                              9.275
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476813                                 2153458                             #N/A                             Fixed                              Interest In Arrears                                    $ 33,000.00                                 $ 32,964.62                                   8/1/2005                             12.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476814                                 2153567                             #N/A                             Fixed                              Interest In Arrears                                   $ 173,600.00                                $ 173,338.93                                   8/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476816                                 2153624                             #N/A                             Fixed                              Interest In Arrears                                    $ 77,350.00                                 $ 77,057.15                                   8/1/2005                              7.140
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476817                                 2153656                             #N/A                             Arm                                Interest In Arrears                                   $ 103,700.00                                $ 103,577.73                                   8/1/2005                              8.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476818                                 2153712                             #N/A                             Fixed                              Interest In Arrears                                    $ 93,000.00                                 $ 92,842.51                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476582                                 2127048                             #N/A                             Arm                                Interest In Arrears                                    $ 69,600.00                                 $ 69,444.05                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476583                                 2127152                             #N/A                             Arm                                Interest In Arrears                                    $ 99,450.00                                 $ 99,316.64                                   8/1/2005                              8.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476584                                 2127238                             #N/A                             Arm                                Interest In Arrears                                   $ 127,500.00                                $ 127,315.76                                   8/1/2005                              7.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476585                                 2127651                             #N/A                             Fixed                              Interest In Arrears                                   $ 262,500.00                                $ 262,059.83                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476586                                 2127754                             #N/A                             Fixed                              Interest In Arrears                                   $ 195,000.00                                $ 194,323.23                                   8/1/2005                              7.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475695                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                   $ 340,000.00                                $ 338,603.20                                   9/1/2005                              5.875
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475696                              1001676298                             #N/A                             Arm                                Interest Only                                         $ 314,320.00                                $ 314,320.00                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475697                              1001676939                             #N/A                             Arm                                Interest Only                                         $ 191,200.00                                $ 191,200.00                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475698                              1001677037                             #N/A                             Fixed                              Interest In Arrears                                    $ 47,800.00                                 $ 47,748.28                                  10/1/2005                             10.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475699                              1001679357                             #N/A                             Arm                                Interest In Arrears                                   $ 318,500.00                                $ 317,487.17                                   8/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475700                              1001682469                             #N/A                             Arm                                Interest Only                                         $ 260,000.00                                $ 259,999.99                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475701                              1001683547                             #N/A                             Arm                                Interest In Arrears                                   $ 304,000.00                                $ 303,246.59                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475702                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 158,400.00                                $ 158,222.64                                   8/1/2005                              8.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476174                              1002023312                             #N/A                             Fixed                              Interest In Arrears                                   $ 120,000.00                                $ 119,823.11                                   8/1/2005                              7.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476175                              1002024017                             #N/A                             Fixed                              Interest In Arrears                                    $ 88,000.00                                 $ 87,726.64                                   9/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476176                              1002024400                             #N/A                             Arm                                Interest In Arrears                                   $ 136,000.00                                $ 135,817.99                                   8/1/2005                              8.030
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476177                              1002024703                             #N/A                             Arm                                Interest In Arrears                                   $ 258,000.00                                $ 257,335.45                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476126                              1002002512                             #N/A                             Arm                                Interest In Arrears                                   $ 348,750.00                                $ 347,885.68                                   9/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476127                              1002002656                             #N/A                             Arm                                Interest Only                                         $ 208,000.00                                $ 208,000.00                                   8/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476128                              1002002709                             #N/A                             Arm                                Interest In Arrears                                   $ 175,000.00                                $ 174,687.81                                   8/1/2005                              8.625
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476130                              1002003897                             #N/A                             Arm                                Interest Only                                         $ 399,200.00                                $ 399,199.97                                   9/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476131                              1002004547                             #N/A                             Arm                                Interest In Arrears                                   $ 453,150.00                                $ 452,005.68                                   9/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476133                              1002005421                             #N/A                             Arm                                Interest In Arrears                                   $ 107,999.00                                $ 107,744.72                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476147                              1002011566                             #N/A                             Arm                                Interest In Arrears                                   $ 109,600.00                                $ 109,341.94                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476148                              1002011995                             #N/A                             Arm                                Interest Only                                         $ 476,000.00                                $ 475,994.00                                   8/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476149                              1002012565                             #N/A                             Arm                                Interest In Arrears                                   $ 220,000.00                                $ 219,394.30                                   8/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476150                              1002014448                             #N/A                             Arm                                Interest In Arrears                                   $ 470,000.00                                $ 468,589.30                                   8/1/2005                              6.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476151                              1002014901                             #N/A                             Arm                                Interest In Arrears                                   $ 162,000.00                                $ 161,798.94                                   8/1/2005                              8.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476152                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 126,400.00                                $ 126,111.12                                   9/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476153                              1002015321                             #N/A                             Arm                                Interest In Arrears                                    $ 85,040.00                                 $ 84,856.01                                   8/1/2005                              7.675
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476154                              1002015731                             #N/A                             Arm                                Interest In Arrears                                   $ 212,500.00                                $ 211,987.17                                   8/1/2005                              7.125
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476155                              1002016543                             #N/A                             Arm                                Interest In Arrears                                   $ 280,000.00                                $ 279,598.40                                  11/1/2005                              7.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476156                              1002017249                             #N/A                             Arm                                Interest In Arrears                                   $ 156,000.00                                $ 155,748.56                                   8/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476157                              1002017588                             #N/A                             Arm                                Interest In Arrears                                   $ 124,000.00                                $ 123,809.76                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476158                              1002017597                             #N/A                             Arm                                Interest Only                                         $ 245,464.00                                $ 245,464.00                                   9/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476159                              1002017622                             #N/A                             Arm                                Interest In Arrears                                   $ 148,750.00                                $ 148,503.90                                   7/1/2005                              8.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476160                              1002018131                             #N/A                             Fixed                              Interest In Arrears                                   $ 116,000.00                                $ 115,698.70                                   9/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476391                              1002090310                             #N/A                             Arm                                Interest In Arrears                                   $ 126,000.00                                $ 125,844.82                                   8/1/2005                              8.438
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476392                              0000000000                             #N/A                             Arm                                Interest In Arrears                                    $ 69,000.00                                 $ 68,897.26                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476393                              1002090864                             #N/A                             Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,832.30                                   9/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476394                              1002091355                             #N/A                             Arm                                Interest In Arrears                                   $ 369,750.00                                $ 368,731.98                                   8/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476395                              1002091391                             #N/A                             Arm                                Interest In Arrears                                   $ 150,000.00                                $ 149,728.25                                   8/1/2005                              8.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476396                              1002091550                             #N/A                             Arm                                Interest Only                                         $ 101,600.00                                $ 101,600.00                                   9/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476397                              1002091630                             #N/A                             Arm                                Interest In Arrears                                   $ 125,000.00                                $ 124,672.13                                   9/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476398                              1002091649                             #N/A                             Arm                                Interest In Arrears                                    $ 95,000.00                                 $ 94,787.15                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476112                              1001999109                             #N/A                             Arm                                Interest In Arrears                                   $ 188,000.00                                $ 187,678.52                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476113                              1001999207                             #N/A                             Arm                                Interest In Arrears                                   $ 144,000.00                                $ 143,638.52                                   8/1/2005                              6.925
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476114                              1001999467                             #N/A                             Arm                                Interest Only                                         $ 336,000.00                                $ 336,000.00                                   8/1/2005                              5.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476116                              1001999877                             #N/A                             Fixed                              Interest In Arrears                                    $ 60,000.00                                 $ 59,928.60                                   8/1/2005                             10.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476118                              1002000140                             #N/A                             Arm                                Interest In Arrears                                   $ 262,500.00                                $ 262,113.67                                   9/1/2005                              9.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476119                              1002000417                             #N/A                             Arm                                Interest In Arrears                                   $ 255,000.00                                $ 254,227.30                                   9/1/2005                              5.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476061                              1001981298                             #N/A                             Arm                                Interest Only                                         $ 104,160.00                                $ 104,160.00                                   8/1/2005                              8.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476062                              1001982714                             #N/A                             Arm                                Interest In Arrears                                   $ 340,000.00                                $ 339,314.85                                   9/1/2005                              5.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476063                              1001982732                             #N/A                             Arm                                Interest In Arrears                                   $ 542,000.00                                $ 541,082.20                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476064                              1001983401                             #N/A                             Arm                                Interest Only                                         $ 317,414.00                                $ 317,414.00                                   9/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476065                              1001983447                             #N/A                             Fixed                              Interest In Arrears                                   $ 232,800.00                                $ 232,142.59                                   8/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476066                              1001984071                             #N/A                             Arm                                Interest In Arrears                                   $ 108,900.00                                $ 108,630.63                                   8/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476246                              1002053075                             #N/A                             Arm                                Interest Only                                         $ 180,000.00                                $ 180,000.00                                   8/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476248                              1002053510                             #N/A                             Arm                                Interest In Arrears                                   $ 172,975.00                                $ 172,610.05                                   8/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476249                              1002053850                             #N/A                             Arm                                Interest In Arrears                                   $ 186,000.00                                $ 185,623.10                                   8/1/2005                              8.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476250                              1002054332                             #N/A                             Arm                                Interest In Arrears                                   $ 192,000.00                                $ 191,529.75                                   9/1/2005                              7.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476251                              1002054341                             #N/A                             Arm                                Interest In Arrears                                   $ 163,800.00                                $ 163,385.11                                   9/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476253                              1002054715                             #N/A                             Arm                                Interest In Arrears                                   $ 256,500.00                                $ 255,743.88                                   8/1/2005                              6.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476193                              1002034257                             #N/A                             Arm                                Interest In Arrears                                   $ 316,000.00                                $ 315,561.43                                   8/1/2005                              7.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476194                              1002034694                             #N/A                             Arm                                Interest In Arrears                                   $ 230,000.00                                $ 228,936.08                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476195                              1002034854                             #N/A                             Arm                                Interest In Arrears                                   $ 118,800.00                                $ 118,556.84                                   8/1/2005                              7.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476196                              1002034934                             #N/A                             Arm                                Interest In Arrears                                   $ 187,000.00                                $ 186,772.49                                   8/1/2005                              8.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476197                              1002036601                             #N/A                             Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,705.26                                   8/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476254                              1002055206                             #N/A                             Arm                                Interest Only                                         $ 195,000.00                                $ 195,000.00                                   8/1/2005                              7.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476255                              1002055260                             #N/A                             Arm                                Interest In Arrears                                   $ 224,000.00                                $ 223,434.98                                   9/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476256                              1002055545                             #N/A                             Arm                                Interest Only                                         $ 360,000.00                                $ 360,000.00                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476257                              1002055830                             #N/A                             Arm                                Interest In Arrears                                   $ 310,250.00                                $ 309,819.40                                   9/1/2005                              7.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476258                              1002055992                             #N/A                             Arm                                Interest In Arrears                                   $ 122,000.00                                $ 121,697.50                                   9/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476259                              1002056125                             #N/A                             Arm                                Interest In Arrears                                   $ 132,000.00                                $ 131,646.98                                   8/1/2005                              6.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476260                              1002056401                             #N/A                             Fixed                              Interest In Arrears                                   $ 360,000.00                                $ 359,433.82                                   9/1/2005                              7.225
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476261                              1002056535                             #N/A                             Arm                                Interest In Arrears                                    $ 51,000.00                                 $ 50,918.37                                   9/1/2005                              9.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476489                              1002117060                             #N/A                             Arm                                Interest In Arrears                                   $ 296,000.00                                $ 295,436.81                                   8/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476490                              1002117328                             #N/A                             Arm                                Interest Only                                         $ 264,000.00                                $ 264,000.00                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476491                              1002118327                             #N/A                             Fixed                              Interest In Arrears                                    $ 99,000.00                                 $ 98,745.33                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476492                              1002118595                             #N/A                             Arm                                Interest In Arrears                                   $ 187,000.00                                $ 186,797.06                                   8/1/2005                              9.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476493                              1002118611                             #N/A                             Arm                                Interest In Arrears                                    $ 52,200.00                                 $ 52,143.34                                   8/1/2005                              9.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476494                              1002118666                             #N/A                             Arm                                Interest In Arrears                                   $ 105,300.00                                $ 105,004.44                                   8/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476495                              1002118773                             #N/A                             Arm                                Interest In Arrears                                   $ 153,000.00                                $ 152,602.57                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476206                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                    $ 86,200.00                                 $ 86,113.77                                   8/1/2005                             11.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476208                              0000000000                             #N/A                             Arm                                Interest In Arrears                                    $ 65,025.00                                 $ 64,933.60                                   8/1/2005                              8.625
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476209                              1002041267                             #N/A                             Fixed                              Interest In Arrears                                    $ 64,000.00                                 $ 63,390.19                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476210                              1002041579                             #N/A                             Arm                                Interest In Arrears                                    $ 67,000.00                                 $ 66,848.30                                   8/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476212                              1002042275                             #N/A                             Fixed                              Interest In Arrears                                   $ 208,800.00                                $ 206,845.57                                   9/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476278                              1002060174                             #N/A                             Fixed                              Interest In Arrears                                    $ 97,500.00                                 $ 97,383.06                                   8/1/2005                              8.567
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476279                              1002060209                             #N/A                             Arm                                Interest In Arrears                                    $ 52,875.00                                 $ 52,794.96                                   8/1/2005                              8.938
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476280                              1002060245                             #N/A                             Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,772.57                                   8/1/2005                              7.425
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476281                              1002060281                             #N/A                             Arm                                Interest In Arrears                                   $ 156,000.00                                $ 155,643.48                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476282                              1002060405                             #N/A                             Arm                                Interest In Arrears                                   $ 174,250.00                                $ 173,788.51                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476283                              1002060496                             #N/A                             Arm                                Interest In Arrears                                    $ 91,500.00                                 $ 91,373.17                                   8/1/2005                              8.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476284                              1002060593                             #N/A                             Arm                                Interest In Arrears                                   $ 145,000.00                                $ 144,734.56                                   8/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476285                              1002061262                             #N/A                             Arm                                Interest In Arrears                                   $ 324,000.00                                $ 323,309.52                                   7/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476232                              0000000000                             #N/A                             Arm                                Interest In Arrears                                    $ 55,250.00                                 $ 55,175.60                                   8/1/2005                              8.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476233                              1002049410                             #N/A                             Arm                                Interest In Arrears                                   $ 172,800.00                                $ 172,612.48                                   7/1/2005                              9.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476234                              1002049429                             #N/A                             Arm                                Interest In Arrears                                    $ 75,600.00                                 $ 75,487.43                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476235                              1002049599                             #N/A                             Arm                                Interest In Arrears                                   $ 119,000.00                                $ 118,771.39                                   9/1/2005                              6.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476236                              1002049937                             #N/A                             Arm                                Interest In Arrears                                   $ 342,000.00                                $ 341,361.11                                   9/1/2005                              8.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476237                              1002050390                             #N/A                             Arm                                Interest In Arrears                                   $ 230,400.00                                $ 229,979.82                                   8/1/2005                              6.490
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476239                              1002050906                             #N/A                             Arm                                Interest In Arrears                                   $ 250,000.00                                $ 249,501.00                                   9/1/2005                              6.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476224                              1002047742                             #N/A                             Arm                                Interest In Arrears                                   $ 274,000.00                                $ 273,466.82                                   8/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476225                              1002048108                             #N/A                             Fixed                              Interest In Arrears                                   $ 135,450.00                                $ 135,017.41                                   9/1/2005                              6.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476226                              1002048368                             #N/A                             Fixed                              Interest In Arrears                                   $ 150,000.00                                $ 149,574.90                                   9/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476227                              1002048377                             #N/A                             Arm                                Interest In Arrears                                   $ 187,500.00                                $ 186,350.87                                   9/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476228                              1002048493                             #N/A                             Arm                                Interest Only                                         $ 132,800.00                                $ 132,800.00                                   8/1/2005                              5.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476229                              1002048536                             #N/A                             Arm                                Interest In Arrears                                   $ 200,000.00                                $ 199,637.68                                   8/1/2005                              8.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476231                              1002049205                             #N/A                             Arm                                Interest In Arrears                                   $ 103,500.00                                $ 103,306.65                                   9/1/2005                              8.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476262                              1002056660                             #N/A                             Arm                                Interest Only                                         $ 227,500.00                                $ 227,500.00                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476263                              1002056955                             #N/A                             Arm                                Interest In Arrears                                   $ 123,200.00                                $ 123,025.54                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476264                              1002057071                             #N/A                             Arm                                Interest Only                                         $ 278,400.00                                $ 278,400.00                                   8/1/2005                              6.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476265                              1002057384                             #N/A                             Arm                                Interest Only                                         $ 256,000.00                                $ 256,000.00                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476266                              1002057455                             #N/A                             Arm                                Interest Only                                         $ 199,200.00                                $ 199,200.00                                   9/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476267                              1002057758                             #N/A                             Arm                                Interest Only                                         $ 396,000.00                                $ 396,000.00                                   8/1/2005                              8.025
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476268                              1002057847                             #N/A                             Arm                                Interest Only                                         $ 249,600.00                                $ 249,600.00                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476269                              1002058533                             #N/A                             Arm                                Interest In Arrears                                   $ 332,000.00                                $ 331,291.81                                   9/1/2005                              5.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476511                                 2096029                             #N/A                             Arm                                Interest In Arrears                                   $ 176,000.00                                $ 175,668.33                                   8/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476592                                 2129575                             #N/A                             Arm                                Interest In Arrears                                    $ 96,750.00                                 $ 96,617.06                                   8/1/2005                              7.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476594                                 2129665                             #N/A                             Arm                                Interest In Arrears                                   $ 360,000.00                                $ 359,100.75                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476596                                 2129858                             #N/A                             Arm                                Interest In Arrears                                   $ 119,000.00                                $ 118,840.71                                   8/1/2005                              8.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476346                              1002080759                             #N/A                             Arm                                Interest In Arrears                                    $ 95,400.00                                 $ 95,196.69                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476347                              1002080820                             #N/A                             Arm                                Interest Only                                         $ 262,650.00                                $ 262,650.00                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476349                              1002081268                             #N/A                             Arm                                Interest In Arrears                                    $ 65,000.00                                 $ 64,881.62                                   9/1/2005                              8.525
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476350                              1002081491                             #N/A                             Fixed                              Interest In Arrears                                   $ 146,650.00                                $ 146,404.09                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476351                              1002081696                             #N/A                             Arm                                Interest In Arrears                                   $ 278,000.00                                $ 277,332.40                                   8/1/2005                              7.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476352                              1002081749                             #N/A                             Arm                                Interest In Arrears                                   $ 259,120.00                                $ 258,710.46                                   8/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476521                                 2106217                             #N/A                             Fixed                              Interest In Arrears                                    $ 50,250.00                                 $ 49,825.85                                   8/1/2005                              8.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475689                              1001667734                             #N/A                             Arm                                Interest In Arrears                                    $ 84,000.00                                 $ 83,800.23                                   8/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475690                              1001668555                             #N/A                             Arm                                Interest In Arrears                                   $ 135,920.00                                $ 135,471.29                                   9/1/2005                              6.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475691                              1001668939                             #N/A                             Arm                                Interest In Arrears                                   $ 180,000.00                                $ 179,362.56                                   9/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475693                              1001669395                             #N/A                             Arm                                Interest In Arrears                                   $ 272,000.00                                $ 271,606.99                                   9/1/2005                              7.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475694                              1001674511                             #N/A                             Arm                                Interest In Arrears                                   $ 489,250.00                                $ 488,129.96                                   8/1/2005                              8.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476213                              1002042907                             #N/A                             Arm                                Interest In Arrears                                   $ 245,650.00                                $ 245,201.34                                   9/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476214                              1002042998                             #N/A                             Arm                                Interest In Arrears                                   $ 238,000.00                                $ 237,351.01                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476215                              1002044433                             #N/A                             Arm                                Interest In Arrears                                   $ 170,000.00                                $ 169,711.64                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476216                              0000000000                             #N/A                             Arm                                Interest Only                                         $ 278,400.00                                $ 278,400.00                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476217                              1002045806                             #N/A                             Arm                                Interest Only                                         $ 200,000.00                                $ 199,999.56                                   8/1/2005                              5.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476091                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 371,000.00                                $ 370,104.64                                   8/1/2005                              7.125
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476092                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 588,750.00                                $ 587,235.58                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476093                              1001994051                             #N/A                             Arm                                Interest In Arrears                                   $ 172,500.00                                $ 172,187.47                                   8/1/2005                              8.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476094                              1001994328                             #N/A                             Arm                                Interest In Arrears                                   $ 105,000.00                                $ 104,838.90                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476095                              1001994499                             #N/A                             Arm                                Interest In Arrears                                   $ 176,800.00                                $ 176,383.73                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476096                              1001994550                             #N/A                             Arm                                Interest In Arrears                                   $ 110,500.00                                $ 110,252.05                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476097                              1001994792                             #N/A                             Arm                                Interest In Arrears                                   $ 330,000.00                                $ 329,426.26                                   8/1/2005                              8.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476218                              1002045815                             #N/A                             Arm                                Interest In Arrears                                    $ 59,400.00                                 $ 59,315.03                                   8/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476219                              1002046360                             #N/A                             Fixed                              Interest In Arrears                                   $ 132,000.00                                $ 131,643.52                                   8/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476220                              1002046440                             #N/A                             Arm                                Interest Only                                         $ 148,500.00                                $ 148,500.00                                   9/1/2005                              9.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476221                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                   $ 279,000.00                                $ 278,405.43                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476222                              1002047154                             #N/A                             Fixed                              Interest In Arrears                                   $ 288,000.00                                $ 287,531.11                                   8/1/2005                              7.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476223                              1002047546                             #N/A                             Arm                                Interest Only                                         $ 405,000.00                                $ 405,000.00                                   9/1/2005                              5.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476167                              1002020841                             #N/A                             Fixed                              Interest In Arrears                                   $ 184,000.00                                $ 182,841.09                                   8/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476168                              1002020887                             #N/A                             Arm                                Interest In Arrears                                   $ 198,000.00                                $ 197,772.51                                   8/1/2005                              8.775
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476169                              1002022064                             #N/A                             Arm                                Interest In Arrears                                    $ 93,920.00                                 $ 93,671.26                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476170                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 102,000.00                                $ 101,831.25                                   9/1/2005                              8.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476171                              1002022625                             #N/A                             Arm                                Interest In Arrears                                   $ 220,000.00                                $ 219,621.40                                   7/1/2005                              8.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476172                              1002022910                             #N/A                             Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,727.57                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476173                              1002022929                             #N/A                             Fixed                              Interest In Arrears                                   $ 178,720.00                                $ 178,389.64                                   9/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476025                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 202,500.00                                $ 202,158.68                                   8/1/2005                              8.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476026                              1001963398                             #N/A                             Fixed                              Interest In Arrears                                   $ 193,000.00                                $ 192,524.22                                   8/1/2005                              7.025
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476027                              1001963860                             #N/A                             Arm                                Interest In Arrears                                   $ 238,000.00                                $ 237,586.20                                   9/1/2005                              8.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476028                              1001964477                             #N/A                             Arm                                Interest In Arrears                                   $ 135,000.00                                $ 134,688.37                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476029                              1001964967                             #N/A                             Fixed                              Interest In Arrears                                    $ 99,950.00                                 $ 99,649.43                                   9/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476030                              1001965332                             #N/A                             Arm                                Interest In Arrears                                   $ 169,100.00                                $ 168,625.33                                   8/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476519                                 2104062                             #N/A                             Fixed                              Interest In Arrears                                    $ 89,000.00                                 $ 88,642.93                                   8/1/2005                              6.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476241                              1002051488                             #N/A                             Arm                                Interest In Arrears                                   $ 283,200.00                                $ 282,712.67                                   8/1/2005                              8.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476242                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 256,000.00                                $ 255,579.08                                   8/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476244                              1002052209                             #N/A                             Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,929.19                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476245                              1002052520                             #N/A                             Arm                                Interest In Arrears                                   $ 221,000.00                                $ 220,660.96                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475401                              1000607481                             #N/A                             Arm                                Interest In Arrears                                    $ 92,800.00                                 $ 92,628.47                                   9/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476082                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                   $ 373,663.00                                $ 372,539.31                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476083                              1001990947                             #N/A                             Fixed                              Interest In Arrears                                   $ 197,543.00                                $ 196,948.88                                   9/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476084                              1001991090                             #N/A                             Arm                                Interest Only                                         $ 184,000.00                                $ 184,000.00                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476085                              1001991553                             #N/A                             Fixed                              Interest In Arrears                                   $ 187,000.00                                $ 186,680.21                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476086                              1001992099                             #N/A                             Arm                                Interest In Arrears                                   $ 125,000.00                                $ 124,693.85                                   9/1/2005                              7.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476087                              1001992231                             #N/A                             Fixed                              Interest In Arrears                                   $ 441,000.00                                $ 439,598.90                                   9/1/2005                              5.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476088                              1001992366                             #N/A                             Arm                                Interest In Arrears                                   $ 384,000.00                                $ 383,310.54                                   8/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475856                              1001847737                             #N/A                             Arm                                Interest In Arrears                                    $ 96,800.00                                 $ 96,608.60                                   8/1/2005                              6.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475857                              1001850063                             #N/A                             Arm                                Interest In Arrears                                   $ 215,000.00                                $ 214,664.20                                   9/1/2005                              7.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475858                              1001850713                             #N/A                             Arm                                Interest In Arrears                                   $ 319,920.00                                $ 319,337.19                                   8/1/2005                              6.475
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475860                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 231,300.00                                $ 230,967.48                                   9/1/2005                              7.675
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476520                                 2106069                             #N/A                             Fixed                              Interest In Arrears                                   $ 132,800.00                                $ 132,554.52                                   8/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476767                                 2148145                             #N/A                             Arm                                Interest In Arrears                                   $ 267,750.00                                $ 267,309.77                                   8/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476798                                 2152692                             #N/A                             Fixed                              Interest In Arrears                                    $ 26,400.00                                 $ 26,384.72                                   9/1/2005                             12.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476799                                 2152747                             #N/A                             Arm                                Interest In Arrears                                   $ 148,000.00                                $ 147,820.03                                   8/1/2005                              8.500
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476800                                 2152961                             #N/A                             Fixed                              Interest In Arrears                                   $ 113,600.00                                $ 113,411.36                                   8/1/2005                              6.950
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476802                                 2153119                             #N/A                             Fixed                              Interest In Arrears                                    $ 53,600.00                                 $ 53,501.21                                   9/1/2005                              6.415
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476803                                 2153143                             #N/A                             Arm                                Interest In Arrears                                    $ 76,500.00                                 $ 76,380.15                                   8/1/2005                              7.250
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476780                                 2150010                             #N/A                             Fixed                              Interest In Arrears                                   $ 108,400.00                                $ 107,076.91                                   9/1/2005                              6.090
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476661                                 2140111                             #N/A                             Arm                                Interest In Arrears                                   $ 265,000.00                                $ 264,413.07                                   8/1/2005                              5.450
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476662                                 2140112                             #N/A                             Arm                                Interest In Arrears                                   $ 116,000.00                                $ 115,830.70                                   8/1/2005                              7.600
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476663                                 2140234                             #N/A                             Fixed                              Interest In Arrears                                   $ 238,500.00                                $ 238,107.08                                   8/1/2005                              6.990
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475731                              1001716780                             #N/A                             Arm                                Interest In Arrears                                   $ 190,000.00                                $ 189,625.47                                   9/1/2005                              7.650
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475732                              1001717495                             #N/A                             Arm                                Interest In Arrears                                    $ 64,000.00                                 $ 63,918.92                                   8/1/2005                              8.300
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475733                              1001717805                             #N/A                             Arm                                Interest In Arrears                                   $ 220,500.00                                $ 219,890.02                                   8/1/2005                              7.900
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475734                              1001718608                             #N/A                             Arm                                Interest In Arrears                                   $ 242,250.00                                $ 241,806.62                                   8/1/2005                              8.500
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475735                              1001719331                             #N/A                             Arm                                Interest In Arrears                                   $ 116,800.00                                $ 116,519.49                                   8/1/2005                              7.150
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475736                              1001720203                             #N/A                             Fixed                              Interest In Arrears                                   $ 214,000.00                                $ 213,141.42                                   8/1/2005                              6.000
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475737                              1001720891                             #N/A                             Arm                                Interest In Arrears                                   $ 167,800.00                                $ 167,505.22                                   8/1/2005                              8.700
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475738                              1001722201                             #N/A                             Arm                                Interest In Arrears                                    $ 56,000.00                                 $ 55,805.06                                   9/1/2005                              7.950
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476466                              1002113787                             #N/A                             Arm                                Interest In Arrears                                   $ 141,950.00                                $ 141,696.37                                   8/1/2005                              6.650
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476468                              1002113956                             #N/A                             Arm                                Interest In Arrears                                    $ 65,450.00                                 $ 65,366.23                                   8/1/2005                              8.250
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476469                              1002114198                             #N/A                             Arm                                Interest In Arrears                                   $ 117,000.00                                $ 116,792.34                                   8/1/2005                              8.650
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476470                              1002114688                             #N/A                             Fixed                              Interest In Arrears                                   $ 116,000.00                                $ 115,818.46                                   8/1/2005                              7.250
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476471                              1002114937                             #N/A                             Arm                                Interest In Arrears                                    $ 73,800.00                                 $ 73,710.26                                   8/1/2005                              8.500
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476472                              1002114991                             #N/A                             Fixed                              Interest In Arrears                                   $ 355,000.00                                $ 354,415.16                                   8/1/2005                              6.990
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476473                              1002115231                             #N/A                             Arm                                Interest In Arrears                                   $ 232,000.00                                $ 231,687.62                                   8/1/2005                              8.000
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476713                                 2143702                             #N/A                             Fixed                              Interest In Arrears                                   $ 127,300.00                                $ 127,092.75                                   8/1/2005                              7.050
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476714                                 2143715                             #N/A                             Arm                                Interest In Arrears                                   $ 110,500.00                                $ 110,387.36                                   8/1/2005                              9.350
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476716                                 2143834                             #N/A                             Arm                                Interest In Arrears                                   $ 140,250.00                                $ 139,993.26                                   8/1/2005                              6.450
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476717                                 2143863                             #N/A                             Fixed                              Interest In Arrears                                    $ 85,000.00                                 $ 84,877.18                                   8/1/2005                              7.650
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476718                                 2143869                             #N/A                             Arm                                Interest In Arrears                                   $ 373,500.00                                $ 372,870.72                                   9/1/2005                              7.000
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476719                                 2143950                             #N/A                             Arm                                Interest In Arrears                                    $ 60,000.00                                 $ 59,916.55                                   8/1/2005                              7.840
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476720                                 2143961                             #N/A                             Arm                                Interest In Arrears                                    $ 99,200.00                                 $ 99,052.14                                   8/1/2005                              7.500
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476759                                 2147449                             #N/A                             Arm                                Interest In Arrears                                   $ 220,000.00                                $ 219,619.25                                   9/1/2005                              6.750
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476760                                 2147497                             #N/A                             Arm                                Interest In Arrears                                   $ 205,700.00                                $ 205,165.68                                   7/1/2005                              6.750
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476761                                 2147527                             #N/A                             Arm                                Interest In Arrears                                   $ 195,200.00                                $ 194,849.52                                   8/1/2005                              6.550
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476762                                 2147626                             #N/A                             Fixed                              Interest In Arrears                                   $ 100,000.00                                 $ 99,361.67                                   8/1/2005                              6.900
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476764                                 2147778                             #N/A                             Fixed                              Interest In Arrears                                   $ 456,500.00                                $ 455,587.08                                   8/1/2005                              5.990
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476765                                 2147868                             #N/A                             Fixed                              Interest In Arrears                                   $ 156,000.00                                $ 155,451.88                                   8/1/2005                              7.750
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476766                                 2147876                             #N/A                             Fixed                              Interest In Arrears                                    $ 66,000.00                                 $ 65,913.79                                   8/1/2005                              8.150
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476648                                 2138777                             #N/A                             Arm                                Interest In Arrears                                   $ 159,756.00                                $ 159,446.15                                   8/1/2005                              6.150
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476649                                 2139032                             #N/A                             Fixed                              Interest In Arrears                                    $ 90,000.00                                 $ 89,820.01                                   9/1/2005                              5.990
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476650                                 2139099                             #N/A                             Arm                                Interest Only                                         $ 288,000.00                                $ 287,904.00                                   9/1/2005                              5.850
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476668                                 2141115                             #N/A                             Arm                                Interest In Arrears                                   $ 200,600.00                                $ 200,382.30                                   8/1/2005                              9.050
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476669                                 2141117                             #N/A                             Fixed                              Interest In Arrears                                    $ 55,000.00                                 $ 54,964.27                                   9/1/2005                             11.475
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476670                                 2141131                             #N/A                             Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,946.29                                   9/1/2005                              9.100
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476671                                 2141169                             #N/A                             Arm                                Interest In Arrears                                    $ 51,000.00                                 $ 50,917.50                                   9/1/2005                              9.100
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475643                              1001614088                             #N/A                             Arm                                Interest Only                                         $ 391,200.00                                $ 391,200.00                                   8/1/2005                              6.500
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475644                              1001615942                             #N/A                             Arm                                Interest In Arrears                                   $ 420,000.00                                $ 418,843.64                                   8/1/2005                              6.450
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475645                              1001616807                             #N/A                             Arm                                Interest In Arrears                                   $ 148,000.00                                $ 147,317.42                                   9/1/2005                              7.600
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475649                              1001619145                             #N/A                             Arm                                Interest In Arrears                                    $ 79,000.00                                 $ 78,888.66                                   8/1/2005                              7.775
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475650                              1001619430                             #N/A                             Arm                                Interest In Arrears                                   $ 128,250.00                                $ 127,703.93                                   8/1/2005                              8.250
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475782                              1001769660                             #N/A                             Fixed                              Interest In Arrears                                   $ 414,000.00                                $ 413,249.45                                   8/1/2005                              6.500
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475784                              1001771292                             #N/A                             Arm                                Interest Only                                         $ 229,600.00                                $ 229,600.00                                   9/1/2005                              7.050
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475785                              1001771568                             #N/A                             Fixed                              Interest In Arrears                                    $ 57,400.00                                 $ 57,338.02                                   9/1/2005                             11.000
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475787                              1001771899                             #N/A                             Fixed                              Interest In Arrears                                   $ 230,000.00                                $ 229,075.48                                   9/1/2005                              5.990
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475788                              1001772772                             #N/A                             Fixed                              Interest In Arrears                                   $ 125,000.00                                $ 124,869.88                                   9/1/2005                              9.250
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475674                              1001648257                             #N/A                             Arm                                Interest In Arrears                                   $ 534,584.00                                $ 532,577.34                                   8/1/2005                              7.100
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475675                              1001648523                             #N/A                             Arm                                Interest In Arrears                                   $ 131,000.00                                $ 130,473.43                                   9/1/2005                              5.990
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475676                              1001651616                             #N/A                             Arm                                Interest Only                                         $ 154,400.00                                $ 154,399.98                                   8/1/2005                              8.300
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475677                              1001651803                             #N/A                             Arm                                Interest In Arrears                                   $ 156,000.00                                $ 155,635.00                                   9/1/2005                              7.306
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475678                              1001652973                             #N/A                             Arm                                Interest In Arrears                                   $ 238,500.00                                $ 238,139.73                                   9/1/2005                              7.650
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475679                              1001655079                             #N/A                             Arm                                Interest Only                                         $ 123,500.00                                $ 123,326.28                                   8/1/2005                              8.100
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475680                              1001655328                             #N/A                             Arm                                Interest In Arrears                                    $ 85,500.00                                 $ 85,214.41                                   8/1/2005                              6.950
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475681                              1001657111                             #N/A                             Arm                                Interest In Arrears                                   $ 156,000.00                                $ 155,737.05                                   9/1/2005                              8.900
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475893                              1001889549                             #N/A                             Arm                                Interest In Arrears                                   $ 179,000.00                                $ 178,586.83                                   8/1/2005                              7.350
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475894                              1001890127                             #N/A                             Fixed                              Interest In Arrears                                   $ 209,600.00                                $ 209,042.17                                   8/1/2005                              6.625
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475895                              1001891073                             #N/A                             Arm                                Interest In Arrears                                   $ 300,000.00                                $ 299,293.66                                   9/1/2005                              7.250
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475896                              1001891180                             #N/A                             Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,848.57                                   8/1/2005                              7.800
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475897                              1001891689                             #N/A                             Arm                                Interest In Arrears                                   $ 130,050.00                                $ 129,791.33                                   8/1/2005                              8.150
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475899                              1001893222                             #N/A                             Arm                                Interest In Arrears                                   $ 271,200.00                                $ 270,777.68                                   8/1/2005                              7.275
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475900                              1001893516                             #N/A                             Arm                                Interest In Arrears                                    $ 92,000.00                                 $ 91,838.00                                   8/1/2005                              6.650
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476481                              1002116329                             #N/A                             Arm                                Interest Only                                         $ 319,500.00                                $ 319,500.00                                   8/1/2005                              5.800
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476482                              1002116542                             #N/A                             Arm                                Interest In Arrears                                    $ 75,000.00                                 $ 74,878.08                                   8/1/2005                              7.150
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476483                              1002116613                             #N/A                             Arm                                Interest Only                                         $ 192,000.00                                $ 192,000.00                                   8/1/2005                              7.150
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476484                              1002116677                             #N/A                             Arm                                Interest In Arrears                                   $ 103,600.00                                $ 103,419.86                                   7/1/2005                              8.750
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476485                              1002116702                             #N/A                             Arm                                Interest In Arrears                                   $ 261,900.00                                $ 261,283.37                                   8/1/2005                              7.250
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476486                              1002116757                             #N/A                             Arm                                Interest In Arrears                                   $ 280,000.00                                $ 279,446.42                                   8/1/2005                              6.050
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476487                              1002116800                             #N/A                             Arm                                Interest In Arrears                                   $ 292,000.00                                $ 291,420.49                                   8/1/2005                              6.030
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333476488                              1002116944                             #N/A                             Arm                                Interest In Arrears                                   $ 178,500.00                                $ 178,104.08                                   8/1/2005                              7.550
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475724                              1001706648                             #N/A                             Arm                                Interest In Arrears                                    $ 87,999.00                                 $ 87,867.96                                   8/1/2005                              7.500
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475725                              1001708227                             #N/A                             Arm                                Interest In Arrears                                   $ 159,000.00                                $ 158,690.61                                   8/1/2005                              8.200
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475726                              1001709191                             #N/A                             Fixed                              Interest In Arrears                                   $ 284,750.00                                $ 283,652.14                                   8/1/2005                              6.750
New Century                           Chase                            Deutsche Bank                           NCT0728                                  333475728                              1001710599                             #N/A                             Fixed                              Interest In Arrears                                   $ 132,000.00                                $ 131,499.88                                   8/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475729                              1001715264                             #N/A                             Arm                                Interest In Arrears                                   $ 125,910.00                                $ 125,774.21                                   8/1/2005                              9.080
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475759                              1001750484                             #N/A                             Arm                                Interest Only                                         $ 328,000.00                                $ 328,000.00                                   8/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475760                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 188,100.00                                $ 187,633.80                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475761                              1001752339                             #N/A                             Arm                                Interest In Arrears                                    $ 66,600.00                                 $ 66,438.55                                   8/1/2005                              8.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475762                              1001752703                             #N/A                             Fixed                              Interest In Arrears                                    $ 90,000.00                                 $ 89,860.54                                   8/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475764                              1001752829                             #N/A                             Arm                                Interest In Arrears                                   $ 184,400.00                                $ 184,091.89                                   8/1/2005                              7.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475765                              1001754300                             #N/A                             Arm                                Interest In Arrears                                   $ 100,720.00                                $ 100,516.95                                   9/1/2005                              8.025
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475766                              1001756371                             #N/A                             Arm                                Interest In Arrears                                   $ 112,000.00                                $ 111,801.21                                   8/1/2005                              8.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476434                              1002105260                             #N/A                             Arm                                Interest In Arrears                                    $ 56,800.00                                 $ 56,693.87                                   8/1/2005                              8.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476435                              1002106447                             #N/A                             Arm                                Interest In Arrears                                   $ 127,500.00                                $ 127,225.56                                   8/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476436                              1002106642                             #N/A                             Arm                                Interest In Arrears                                   $ 230,400.00                                $ 230,155.11                                   8/1/2005                              9.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476437                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,765.29                                   8/1/2005                              5.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476438                              1002107464                             #N/A                             Arm                                Interest In Arrears                                   $ 253,500.00                                $ 253,157.98                                   8/1/2005                              7.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476439                              1002107650                             #N/A                             Arm                                Interest In Arrears                                    $ 70,000.00                                 $ 69,789.82                                   9/1/2005                              9.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476440                              1002107810                             #N/A                             Arm                                Interest In Arrears                                   $ 200,000.00                                $ 199,741.44                                   9/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476441                              1002107865                             #N/A                             Arm                                Interest In Arrears                                   $ 215,000.00                                $ 214,585.88                                   8/1/2005                              8.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475812                              1001797489                             #N/A                             Arm                                Interest In Arrears                                   $ 172,000.00                                $ 171,741.48                                   8/1/2005                              9.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475813                              1001798433                             #N/A                             Arm                                Interest Only                                         $ 225,000.00                                $ 225,000.00                                   9/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475814                              1001800091                             #N/A                             Arm                                Interest In Arrears                                   $ 430,200.00                                $ 429,326.48                                   8/1/2005                              7.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475815                              1001805381                             #N/A                             Fixed                              Interest In Arrears                                   $ 447,200.00                                $ 446,348.33                                   8/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475816                              1001805844                             #N/A                             Arm                                Interest Only                                         $ 229,600.00                                $ 229,600.00                                   9/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475817                              1001805988                             #N/A                             Arm                                Interest In Arrears                                   $ 368,000.00                                $ 367,175.54                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475818                              1001806576                             #N/A                             Arm                                Interest In Arrears                                   $ 117,000.00                                $ 116,896.05                                   8/1/2005                             10.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475819                              0000000000                             #N/A                             Arm                                Interest In Arrears                                    $ 86,400.00                                 $ 86,210.25                                   8/1/2005                              7.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475747                              1001731834                             #N/A                             Arm                                Interest In Arrears                                    $ 61,200.00                                 $ 61,132.75                                   8/1/2005                              8.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475748                              1001732049                             #N/A                             Arm                                Interest Only                                         $ 112,800.00                                $ 112,800.00                                   7/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475749                              1001733217                             #N/A                             Arm                                Interest Only                                         $ 369,600.00                                $ 369,600.00                                   8/1/2005                              6.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475750                              1001733468                             #N/A                             Arm                                Interest In Arrears                                   $ 250,750.00                                $ 249,983.55                                   9/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475751                              1001734671                             #N/A                             Arm                                Interest In Arrears                                   $ 152,000.00                                $ 151,640.36                                   8/1/2005                              7.225
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475752                              1001737044                             #N/A                             Arm                                Interest Only                                         $ 332,500.00                                $ 332,500.00                                   8/1/2005                              7.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475753                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 459,000.00                                $ 457,444.21                                   8/1/2005                              6.875
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475790                              1001775546                             #N/A                             Arm                                Interest Only                                         $ 200,000.00                                $ 199,997.63                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475792                              1001776849                             #N/A                             Arm                                Interest In Arrears                                   $ 216,000.00                                $ 215,628.29                                   8/1/2005                              8.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475793                              1001777358                             #N/A                             Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,800.74                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475794                              1001778197                             #N/A                             Arm                                Interest Only                                         $ 496,000.00                                $ 496,000.00                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475795                              0000000000                             #N/A                             Arm                                Interest Only                                         $ 372,000.00                                $ 372,000.00                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475796                              1001781076                             #N/A                             Arm                                Interest In Arrears                                   $ 129,600.00                                $ 129,370.95                                   8/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475754                              1001739854                             #N/A                             Arm                                Interest In Arrears                                   $ 110,000.00                                $ 109,765.60                                   9/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475755                              1001740593                             #N/A                             Arm                                Interest In Arrears                                   $ 275,000.00                                $ 274,318.46                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475756                              1001747266                             #N/A                             Arm                                Interest Only                                         $ 259,350.00                                $ 259,349.97                                   9/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475757                              1001747300                             #N/A                             Fixed                              Interest In Arrears                                   $ 170,000.00                                $ 169,549.74                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475758                              1001748461                             #N/A                             Fixed                              Interest In Arrears                                    $ 63,350.00                                 $ 63,241.66                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475928                              1001907333                             #N/A                             Arm                                Interest Only                                         $ 208,000.00                                $ 207,999.99                                   8/1/2005                              5.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475929                              1001907574                             #N/A                             Fixed                              Interest In Arrears                                    $ 52,000.00                                 $ 51,941.16                                   8/1/2005                              8.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475930                              1001908993                             #N/A                             Arm                                Interest Only                                         $ 544,000.00                                $ 544,000.00                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475931                              1001909411                             #N/A                             Arm                                Interest In Arrears                                   $ 387,000.00                                $ 386,477.86                                   8/1/2005                              7.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475932                              1001910114                             #N/A                             Fixed                              Interest In Arrears                                    $ 60,000.00                                 $ 59,823.05                                   8/1/2005                              9.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475933                              1001910702                             #N/A                             Fixed                              Interest In Arrears                                   $ 100,000.00                                 $ 99,752.14                                   9/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475934                              1001910944                             #N/A                             Arm                                Interest In Arrears                                   $ 300,000.00                                $ 299,544.35                                   7/1/2005                              9.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475826                              1001814889                             #N/A                             Arm                                Interest Only                                         $ 440,000.00                                $ 439,999.99                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475828                              1001817582                             #N/A                             Arm                                Interest Only                                         $ 153,600.00                                $ 153,600.00                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475829                              1001818359                             #N/A                             Arm                                Interest In Arrears                                    $ 84,000.00                                 $ 83,838.18                                   8/1/2005                              8.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475831                              1001819116                             #N/A                             Arm                                Interest Only                                         $ 207,575.00                                $ 207,575.00                                   8/1/2005                              7.125
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475832                              1001820694                             #N/A                             Arm                                Interest In Arrears                                   $ 164,000.00                                $ 163,748.27                                   8/1/2005                              9.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476503                                 2050103                             #N/A                             Arm                                Interest In Arrears                                   $ 550,000.00                                $ 548,416.35                                   8/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475804                              1001791065                             #N/A                             Arm                                Interest In Arrears                                   $ 102,800.00                                $ 102,545.74                                   8/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475805                              1001791671                             #N/A                             Arm                                Interest Only                                         $ 300,000.00                                $ 300,000.00                                   9/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475806                              1001792037                             #N/A                             Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,830.05                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475807                              1001792910                             #N/A                             Fixed                              Interest In Arrears                                   $ 206,000.00                                $ 205,438.25                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475808                              1001793991                             #N/A                             Arm                                Interest In Arrears                                   $ 236,000.00                                $ 235,592.46                                   9/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475810                              1001797238                             #N/A                             Arm                                Interest In Arrears                                   $ 183,200.00                                $ 182,793.63                                   8/1/2005                              7.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475811                              1001797274                             #N/A                             Arm                                Interest In Arrears                                   $ 262,500.00                                $ 261,973.43                                   8/1/2005                              8.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475834                              1001823593                             #N/A                             Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,665.94                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475835                              1001823824                             #N/A                             Arm                                Interest In Arrears                                   $ 256,750.00                                $ 256,400.79                                   8/1/2005                              7.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475836                              1001824841                             #N/A                             Arm                                Interest Only                                         $ 323,000.00                                $ 323,000.00                                   8/1/2005                              6.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475837                              1001824896                             #N/A                             Arm                                Interest In Arrears                                   $ 131,200.00                                $ 130,835.28                                   8/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475838                              1001825001                             #N/A                             Arm                                Interest In Arrears                                   $ 315,000.00                                $ 314,024.03                                   9/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475840                              1001830317                             #N/A                             Arm                                Interest In Arrears                                   $ 125,955.00                                $ 125,724.42                                   8/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475841                              1001830335                             #N/A                             Arm                                Interest In Arrears                                   $ 170,850.00                                $ 170,537.29                                   8/1/2005                              8.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475821                              1001811034                             #N/A                             Fixed                              Interest In Arrears                                   $ 102,550.00                                $ 102,407.67                                   8/1/2005                              7.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475823                              1001812417                             #N/A                             Arm                                Interest In Arrears                                   $ 304,000.00                                $ 302,984.57                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475824                              1001813675                             #N/A                             Arm                                Interest In Arrears                                   $ 260,000.00                                $ 259,533.19                                   8/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476458                              1002112243                             #N/A                             Fixed                              Interest In Arrears                                   $ 316,000.00                                $ 315,404.52                                   8/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476459                              0000000000                             #N/A                             Arm                                Interest In Arrears                                    $ 92,800.00                                 $ 92,649.93                                   8/1/2005                              9.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476460                              1002113028                             #N/A                             Arm                                Interest Only                                         $ 255,920.00                                $ 255,919.99                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476462                              1002113242                             #N/A                             Arm                                Interest In Arrears                                    $ 79,200.00                                 $ 79,099.67                                   8/1/2005                              8.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476463                              1002113279                             #N/A                             Arm                                Interest In Arrears                                    $ 60,300.00                                 $ 60,219.61                                   9/1/2005                              8.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476464                              1002113625                             #N/A                             Arm                                Interest In Arrears                                   $ 162,500.00                                $ 162,215.25                                   8/1/2005                              6.675
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476465                              1002113670                             #N/A                             Arm                                Interest In Arrears                                   $ 105,000.00                                $ 104,927.20                                   8/1/2005                             11.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476450                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 250,200.00                                $ 249,441.84                                   8/1/2005                              5.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476451                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 147,120.00                                $ 146,850.68                                   8/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476452                              1002110254                             #N/A                             Fixed                              Interest In Arrears                                    $ 92,800.00                                 $ 92,639.75                                   9/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476453                              1002110325                             #N/A                             Arm                                Interest Only                                         $ 312,000.00                                $ 312,000.00                                   8/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476454                              1002110851                             #N/A                             Arm                                Interest In Arrears                                   $ 125,800.00                                $ 125,539.73                                   9/1/2005                              8.025
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476455                              1002110922                             #N/A                             Arm                                Interest In Arrears                                   $ 296,000.00                                $ 295,444.90                                   9/1/2005                              6.325
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476456                              1002111805                             #N/A                             Arm                                Interest In Arrears                                    $ 64,000.00                                 $ 63,885.23                                   8/1/2005                              8.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476457                              1002112038                             #N/A                             Arm                                Interest Only                                         $ 286,200.00                                $ 285,823.25                                   9/1/2005                              7.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476508                                 2092498                             #N/A                             Arm                                Interest In Arrears                                   $ 148,000.00                                $ 147,745.67                                   8/1/2005                              6.775
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476509                                 2092509                             #N/A                             Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,881.75                                   8/1/2005                              8.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476510                                 2093314                             #N/A                             Arm                                Interest In Arrears                                   $ 201,500.00                                $ 201,225.93                                   8/1/2005                              7.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476572                                 2125072                             #N/A                             Arm                                Interest In Arrears                                   $ 200,700.00                                $ 200,392.10                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476574                                 2125374                             #N/A                             Fixed                              Interest In Arrears                                    $ 56,000.00                                 $ 55,923.04                                   8/1/2005                              7.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476575                                 2125421                             #N/A                             Arm                                Interest In Arrears                                    $ 95,200.00                                 $ 95,001.75                                   8/1/2005                              7.865
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476651                                 2139193                             #N/A                             Arm                                Interest In Arrears                                    $ 84,500.00                                 $ 84,363.78                                   8/1/2005                              7.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476652                                 2139362                             #N/A                             Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,790.68                                   8/1/2005                              5.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476653                                 2139427                             #N/A                             Arm                                Interest In Arrears                                    $ 77,000.00                                 $ 76,907.13                                   8/1/2005                              8.540
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476654                                 2139520                             #N/A                             Arm                                Interest In Arrears                                   $ 174,000.00                                $ 173,651.92                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476655                                 2139589                             #N/A                             Arm                                Interest In Arrears                                   $ 139,400.00                                $ 139,155.20                                   9/1/2005                              9.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476656                                 2139618                             #N/A                             Fixed                              Interest In Arrears                                   $ 273,000.00                                $ 272,465.40                                   8/1/2005                              6.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476537                                 2110893                             #N/A                             Arm                                Interest In Arrears                                   $ 118,800.00                                $ 118,610.36                                   8/1/2005                              7.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476691                                 2142707                             #N/A                             Arm                                Interest In Arrears                                   $ 236,300.00                                $ 235,967.04                                   8/1/2005                              7.775
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476692                                 2142754                             #N/A                             Fixed                              Interest In Arrears                                   $ 367,000.00                                $ 366,266.05                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476693                                 2142786                             #N/A                             Arm                                Interest In Arrears                                   $ 213,900.00                                $ 213,360.44                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476694                                 2142925                             #N/A                             Fixed                              Interest In Arrears                                   $ 153,000.00                                $ 152,694.03                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476695                                 2143017                             #N/A                             Arm                                Interest In Arrears                                   $ 170,000.00                                $ 169,531.93                                   8/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476696                                 2143027                             #N/A                             Fixed                              Interest In Arrears                                    $ 60,400.00                                 $ 59,611.06                                   9/1/2005                              6.090
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476697                                 2143098                             #N/A                             Fixed                              Interest In Arrears                                   $ 310,250.00                                $ 309,729.77                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476698                                 2143156                             #N/A                             Arm                                Interest In Arrears                                   $ 323,000.00                                $ 322,349.11                                   8/1/2005                              5.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476556                                 2119022                             #N/A                             Arm                                Interest In Arrears                                   $ 229,500.00                                $ 228,942.70                                   8/1/2005                              7.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476557                                 2119248                             #N/A                             Fixed                              Interest In Arrears                                    $ 82,000.00                                 $ 81,459.41                                   8/1/2005                              6.525
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476558                                 2119453                             #N/A                             Arm                                Interest In Arrears                                   $ 143,650.00                                $ 143,464.29                                   9/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476559                                 2119554                             #N/A                             Arm                                Interest In Arrears                                   $ 149,600.00                                $ 149,344.16                                   9/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476729                                 2144274                             #N/A                             Arm                                Interest In Arrears                                   $ 119,340.00                                $ 119,133.62                                   9/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476730                                 2144377                             #N/A                             Fixed                              Interest In Arrears                                   $ 195,000.00                                $ 194,623.59                                   9/1/2005                              6.175
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476731                                 2144409                             #N/A                             Arm                                Interest In Arrears                                    $ 92,000.00                                 $ 91,824.10                                   8/1/2005                              6.225
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476732                                 2144468                             #N/A                             Arm                                Interest Only                                         $ 306,400.00                                $ 306,400.00                                   8/1/2005                              6.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476733                                 2144547                             #N/A                             Fixed                              Interest In Arrears                                   $ 100,000.00                                 $ 99,358.90                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476734                                 2144599                             #N/A                             Fixed                              Interest In Arrears                                    $ 64,000.00                                 $ 63,922.49                                   8/1/2005                              8.520
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476707                                 2143482                             #N/A                             Fixed                              Interest In Arrears                                    $ 52,000.00                                 $ 51,904.80                                   8/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476708                                 2143515                             #N/A                             Fixed                              Interest In Arrears                                   $ 138,500.00                                $ 137,558.41                                   8/1/2005                              6.165
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476709                                 2143528                             #N/A                             Arm                                Interest In Arrears                                   $ 250,250.00                                $ 249,902.67                                   9/1/2005                              7.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476710                                 2143550                             #N/A                             Arm                                Interest In Arrears                                   $ 108,800.00                                $ 108,601.78                                   9/1/2005                              6.475
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476711                                 2143585                             #N/A                             Fixed                              Interest In Arrears                                    $ 86,000.00                                 $ 85,449.37                                   9/1/2005                              6.865
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476712                                 2143640                             #N/A                             Fixed                              Interest In Arrears                                   $ 179,400.00                                $ 179,041.22                                   9/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476750                                 2145676                             #N/A                             Fixed                              Interest In Arrears                                   $ 152,000.00                                $ 151,739.56                                   8/1/2005                              6.790
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476751                                 2145812                             #N/A                             Arm                                Interest In Arrears                                   $ 192,100.00                                $ 191,741.47                                   8/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476752                                 2145813                             #N/A                             Fixed                              Interest In Arrears                                    $ 60,000.00                                 $ 59,823.05                                   8/1/2005                              9.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476753                                 2145819                             #N/A                             Arm                                Interest In Arrears                                   $ 165,000.00                                $ 164,799.37                                   9/1/2005                              8.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476754                                 2145951                             #N/A                             Arm                                Interest In Arrears                                   $ 266,500.00                                $ 266,091.13                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476755                                 2146255                             #N/A                             Arm                                Interest In Arrears                                   $ 336,000.00                                $ 335,414.09                                   9/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476735                                 2144601                             #N/A                             Fixed                              Interest In Arrears                                   $ 165,000.00                                $ 164,283.15                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476736                                 2144608                             #N/A                             Fixed                              Interest In Arrears                                   $ 265,000.00                                $ 264,470.04                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476737                                 2144723                             #N/A                             Arm                                Interest In Arrears                                   $ 141,000.00                                $ 140,707.56                                   8/1/2005                              7.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476738                                 2144736                             #N/A                             Fixed                              Interest In Arrears                                   $ 160,000.00                                $ 159,390.59                                   8/1/2005                              7.090
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476739                                 2144749                             #N/A                             Fixed                              Interest In Arrears                                    $ 95,400.00                                 $ 95,253.65                                   9/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476740                                 2144797                             #N/A                             Fixed                              Interest In Arrears                                    $ 58,800.00                                 $ 58,395.46                                   8/1/2005                              6.025
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476841                                 2159031                             #N/A                             Fixed                              Interest In Arrears                                    $ 75,600.00                                 $ 75,492.94                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476831                                 2155571                             #N/A                             Fixed                              Interest In Arrears                                   $ 221,500.00                                $ 221,078.56                                   8/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476833                                 2155759                             #N/A                             Fixed                              Interest In Arrears                                    $ 64,800.00                                 $ 64,598.09                                   8/1/2005                              8.715
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476385                              1002089956                             #N/A                             Arm                                Interest Only                                         $ 400,000.00                                $ 399,999.98                                   8/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476386                              1002090043                             #N/A                             Arm                                Interest In Arrears                                   $ 210,000.00                                $ 209,470.29                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476387                              1002090070                             #N/A                             Arm                                Interest In Arrears                                   $ 210,800.00                                $ 210,535.68                                   8/1/2005                              8.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476389                              1002090230                             #N/A                             Arm                                Interest In Arrears                                   $ 107,900.00                                $ 107,761.91                                   8/1/2005                              8.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476390                              1002090301                             #N/A                             Arm                                Interest In Arrears                                   $ 155,600.00                                $ 155,452.66                                   9/1/2005                              9.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475842                              1001830362                             #N/A                             Arm                                Interest In Arrears                                   $ 171,700.00                                $ 171,464.08                                   8/1/2005                              7.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475843                              1001830530                             #N/A                             Arm                                Interest In Arrears                                   $ 158,000.00                                $ 157,646.02                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475844                              1001830638                             #N/A                             Arm                                Interest In Arrears                                    $ 72,250.00                                 $ 72,159.41                                   9/1/2005                              8.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475845                              1001832556                             #N/A                             Arm                                Interest Only                                         $ 208,000.00                                $ 208,000.00                                   7/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475846                              1001833154                             #N/A                             Arm                                Interest Only                                         $ 344,000.00                                $ 344,000.00                                   8/1/2005                              5.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475847                              1001835205                             #N/A                             Arm                                Interest Only                                         $ 209,600.00                                $ 209,600.00                                   9/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475848                              1001836053                             #N/A                             Arm                                Interest In Arrears                                   $ 308,500.00                                $ 307,402.73                                   8/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475767                              1001757771                             #N/A                             Arm                                Interest Only                                         $ 345,600.00                                $ 345,600.00                                   8/1/2005                              5.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475768                              1001758324                             #N/A                             Arm                                Interest In Arrears                                   $ 165,596.00                                $ 165,295.79                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475770                              1001762952                             #N/A                             Arm                                Interest In Arrears                                   $ 125,000.00                                $ 124,779.89                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475771                              1001764291                             #N/A                             Arm                                Interest In Arrears                                   $ 245,000.00                                $ 244,493.42                                   8/1/2005                              7.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475772                              1001764530                             #N/A                             Arm                                Interest In Arrears                                   $ 143,200.00                                $ 142,523.96                                   8/1/2005                              6.725
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475773                              1001764816                             #N/A                             Arm                                Interest In Arrears                                   $ 200,000.00                                $ 199,740.80                                   8/1/2005                              8.188
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475849                              1001836339                             #N/A                             Arm                                Interest In Arrears                                   $ 253,000.00                                $ 252,479.51                                   8/1/2005                              7.925
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475850                              1001838202                             #N/A                             Arm                                Interest In Arrears                                   $ 262,500.00                                $ 261,888.03                                   8/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475851                              1001840253                             #N/A                             Arm                                Interest In Arrears                                   $ 255,000.00                                $ 254,308.03                                   8/1/2005                              6.525
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475852                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                   $ 100,000.00                                 $ 99,721.99                                   8/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475853                              1001845490                             #N/A                             Arm                                Interest In Arrears                                   $ 145,000.00                                $ 144,775.32                                   9/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475854                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 200,000.00                                $ 199,396.84                                   8/1/2005                              5.975
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475855                              1001845971                             #N/A                             Arm                                Interest Only                                         $ 215,920.00                                $ 215,919.50                                   9/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475868                              1001863790                             #N/A                             Arm                                Interest In Arrears                                   $ 140,000.00                                $ 139,819.00                                   8/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475870                              1001864673                             #N/A                             Arm                                Interest In Arrears                                   $ 165,750.00                                $ 165,344.04                                   8/1/2005                              7.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475871                              1001864913                             #N/A                             Fixed                              Interest In Arrears                                   $ 156,000.00                                $ 155,227.25                                   9/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475873                              1001868893                             #N/A                             Arm                                Interest In Arrears                                   $ 142,163.00                                $ 141,797.30                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475861                              1001858430                             #N/A                             Arm                                Interest In Arrears                                    $ 56,100.00                                 $ 56,021.67                                   8/1/2005                              9.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475862                              1001858564                             #N/A                             Arm                                Interest In Arrears                                   $ 192,000.00                                $ 191,681.37                                   8/1/2005                              8.975
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475863                              1001858573                             #N/A                             Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,675.94                                   8/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475864                              1001858895                             #N/A                             Fixed                              Interest In Arrears                                    $ 30,000.00                                 $ 29,958.56                                   8/1/2005                              9.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475865                              1001860775                             #N/A                             Arm                                Interest In Arrears                                    $ 89,900.00                                 $ 89,800.37                                   8/1/2005                              8.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475867                              1001862700                             #N/A                             Fixed                              Interest In Arrears                                    $ 72,900.00                                 $ 72,806.06                                   8/1/2005                             10.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475901                              1001893552                             #N/A                             Arm                                Interest In Arrears                                   $ 204,000.00                                $ 203,496.64                                   9/1/2005                              7.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475902                              1001894267                             #N/A                             Arm                                Interest In Arrears                                    $ 93,500.00                                 $ 93,319.88                                   9/1/2005                              8.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475903                              1001894276                             #N/A                             Fixed                              Interest In Arrears                                   $ 142,000.00                                $ 141,716.03                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475904                              1001894472                             #N/A                             Arm                                Interest In Arrears                                   $ 218,000.00                                $ 217,665.37                                   8/1/2005                              9.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475905                              0000000000                             #N/A                             Arm                                Interest Only                                         $ 294,800.00                                $ 294,800.00                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475906                              1001894971                             #N/A                             Fixed                              Interest In Arrears                                   $ 165,000.00                                $ 164,518.40                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475908                              1001895729                             #N/A                             Arm                                Interest Only                                         $ 267,000.00                                $ 267,000.00                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475888                              1001883876                             #N/A                             Arm                                Interest In Arrears                                   $ 116,910.00                                $ 116,754.96                                   8/1/2005                              8.075
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475890                              1001889237                             #N/A                             Arm                                Interest In Arrears                                    $ 60,000.00                                 $ 59,910.77                                   8/1/2005                              9.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475891                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 147,981.00                                $ 147,721.04                                   7/1/2005                              8.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475892                              1001889353                             #N/A                             Arm                                Interest In Arrears                                   $ 105,000.00                                $ 104,799.78                                   8/1/2005                              8.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475988                              1001950473                             #N/A                             Arm                                Interest In Arrears                                    $ 65,000.00                                 $ 64,891.56                                   7/1/2005                              8.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475989                              1001950598                             #N/A                             Arm                                Interest In Arrears                                    $ 72,000.00                                 $ 71,898.03                                   9/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475990                              1001950703                             #N/A                             Arm                                Interest Only                                         $ 190,800.00                                $ 190,800.00                                   8/1/2005                              5.425
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475991                              1001951374                             #N/A                             Arm                                Interest Only                                         $ 504,000.00                                $ 504,000.00                                   8/1/2005                              6.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475992                              1001951711                             #N/A                             Arm                                Interest In Arrears                                   $ 216,000.00                                $ 215,395.25                                   9/1/2005                              6.363
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475993                              1001951819                             #N/A                             Arm                                Interest In Arrears                                   $ 148,500.00                                $ 148,134.25                                   8/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475994                              1001952097                             #N/A                             Arm                                Interest In Arrears                                   $ 113,000.00                                $ 112,852.40                                   9/1/2005                              8.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475995                              1001952239                             #N/A                             Arm                                Interest In Arrears                                   $ 340,000.00                                $ 339,446.46                                   8/1/2005                              7.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476420                              1002099455                             #N/A                             Arm                                Interest In Arrears                                   $ 123,500.00                                $ 123,143.21                                   8/1/2005                              6.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476421                              1002099712                             #N/A                             Arm                                Interest Only                                         $ 215,200.00                                $ 215,200.00                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476422                              1002100862                             #N/A                             Arm                                Interest In Arrears                                   $ 113,000.00                                $ 112,844.73                                   8/1/2005                              7.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476423                              1002101004                             #N/A                             Arm                                Interest Only                                         $ 456,000.00                                $ 456,000.00                                   8/1/2005                              7.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476425                              1002101371                             #N/A                             Arm                                Interest In Arrears                                   $ 188,000.00                                $ 187,552.97                                   8/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476474                              1002115641                             #N/A                             Arm                                Interest In Arrears                                   $ 153,000.00                                $ 152,767.59                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476475                              1002115703                             #N/A                             Arm                                Interest In Arrears                                    $ 98,240.00                                 $ 98,049.45                                   9/1/2005                              6.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476476                              1002115749                             #N/A                             Arm                                Interest In Arrears                                   $ 230,000.00                                $ 229,702.64                                   8/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476477                              1002116123                             #N/A                             Arm                                Interest In Arrears                                   $ 263,500.00                                $ 263,127.82                                   8/1/2005                              7.763
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476478                              1002116230                             #N/A                             Arm                                Interest In Arrears                                   $ 119,200.00                                $ 118,932.09                                   9/1/2005                              7.525
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476479                              1002116267                             #N/A                             Arm                                Interest In Arrears                                   $ 180,000.00                                $ 179,563.43                                   8/1/2005                              7.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476480                              1002116276                             #N/A                             Arm                                Interest In Arrears                                   $ 136,000.00                                $ 135,765.14                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476426                              1002101996                             #N/A                             Arm                                Interest In Arrears                                   $ 135,000.00                                $ 134,845.68                                   8/1/2005                              8.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476427                              1002103100                             #N/A                             Arm                                Interest In Arrears                                   $ 246,500.00                                $ 246,204.87                                   8/1/2005                              8.575
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476428                              1002103495                             #N/A                             Arm                                Interest In Arrears                                    $ 91,200.00                                 $ 90,951.30                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476429                              1002103958                             #N/A                             Arm                                Interest In Arrears                                   $ 428,562.00                                $ 427,777.48                                   9/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476430                              1002104029                             #N/A                             Arm                                Interest In Arrears                                   $ 121,500.00                                $ 121,300.22                                   8/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476431                              1002104065                             #N/A                             Arm                                Interest In Arrears                                   $ 131,750.00                                $ 131,496.23                                   8/1/2005                              8.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476432                              1002104902                             #N/A                             Arm                                Interest Only                                         $ 204,000.00                                $ 203,753.60                                   9/1/2005                              7.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476433                              1002105000                             #N/A                             Arm                                Interest In Arrears                                    $ 70,900.00                                 $ 70,704.79                                   8/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476496                              1002118924                             #N/A                             Fixed                              Interest In Arrears                                   $ 195,000.00                                $ 194,452.66                                   8/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476497                              1002119013                             #N/A                             Arm                                Interest Only                                         $ 364,000.00                                $ 364,000.00                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476504                                 2063741                             #N/A                             Fixed                              Interest In Arrears                                    $ 56,000.00                                 $ 55,725.47                                   8/1/2005                              8.515
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476772                                 2148810                             #N/A                             Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,764.41                                   9/1/2005                              5.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476773                                 2148821                             #N/A                             Arm                                Interest In Arrears                                    $ 93,600.00                                 $ 93,405.14                                   9/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476774                                 2148888                             #N/A                             Fixed                              Interest In Arrears                                   $ 451,000.00                                $ 450,228.78                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476775                                 2149007                             #N/A                             Arm                                Interest In Arrears                                    $ 55,900.00                                 $ 55,800.89                                   8/1/2005                              6.615
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476839                                 2156656                             #N/A                             Fixed                              Interest In Arrears                                    $ 62,000.00                                 $ 61,895.00                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476840                                 2156793                             #N/A                             Arm                                Interest In Arrears                                   $ 131,840.00                                $ 131,536.88                                   9/1/2005                              5.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476741                                 2145161                             #N/A                             Arm                                Interest In Arrears                                    $ 55,800.00                                 $ 55,734.83                                   8/1/2005                              8.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476742                                 2145167                             #N/A                             Arm                                Interest In Arrears                                   $ 515,000.00                                $ 513,991.52                                   8/1/2005                              6.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476743                                 2145179                             #N/A                             Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,751.70                                   8/1/2005                              5.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476744                                 2145192                             #N/A                             Fixed                              Interest In Arrears                                   $ 221,850.00                                $ 221,600.34                                   9/1/2005                              8.875
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476746                                 2145285                             #N/A                             Arm                                Interest In Arrears                                   $ 141,300.00                                $ 141,152.91                                   8/1/2005                              9.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476747                                 2145431                             #N/A                             Arm                                Interest In Arrears                                    $ 84,800.00                                 $ 84,599.55                                   9/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476628                                 2136823                             #N/A                             Fixed                              Interest In Arrears                                    $ 85,750.00                                 $ 85,603.36                                   9/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476630                                 2137045                             #N/A                             Fixed                              Interest In Arrears                                   $ 142,500.00                                $ 142,161.52                                   9/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476631                                 2137171                             #N/A                             Arm                                Interest In Arrears                                   $ 116,000.00                                $ 115,727.68                                   8/1/2005                              7.265
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476632                                 2137181                             #N/A                             Arm                                Interest In Arrears                                    $ 85,500.00                                 $ 85,384.30                                   8/1/2005                              7.975
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475909                              1001896595                             #N/A                             Arm                                Interest In Arrears                                   $ 212,500.00                                $ 212,216.75                                   9/1/2005                              8.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475910                              1001896700                             #N/A                             Fixed                              Interest In Arrears                                    $ 37,980.00                                 $ 37,926.08                                   8/1/2005                              9.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475911                              1001896906                             #N/A                             Arm                                Interest In Arrears                                   $ 179,000.00                                $ 178,552.88                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475912                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 161,750.00                                $ 161,520.94                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475915                              1001897718                             #N/A                             Fixed                              Interest In Arrears                                    $ 95,000.00                                 $ 94,133.88                                   9/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475916                              0000000000                             #N/A                             Arm                                Interest Only                                         $ 400,000.00                                $ 400,000.00                                   8/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475406                              1000776690                             #N/A                             Arm                                Interest In Arrears                                   $ 240,000.00                                $ 238,799.99                                   9/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475961                              1001926358                             #N/A                             Fixed                              Interest In Arrears                                   $ 270,000.00                                $ 269,460.04                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475962                              1001928392                             #N/A                             Arm                                Interest In Arrears                                   $ 160,200.00                                $ 159,891.43                                   8/1/2005                              8.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475963                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 124,000.00                                $ 123,751.23                                   8/1/2005                              8.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475964                              1001928837                             #N/A                             Arm                                Interest In Arrears                                   $ 148,000.00                                $ 147,576.49                                   8/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475965                              1001929373                             #N/A                             Arm                                Interest In Arrears                                   $ 280,000.00                                $ 279,522.41                                   9/1/2005                              6.813
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475966                              1001929596                             #N/A                             Arm                                Interest In Arrears                                    $ 77,000.00                                 $ 76,806.97                                   9/1/2005                              7.575
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475967                              1001930272                             #N/A                             Arm                                Interest In Arrears                                    $ 98,000.00                                 $ 97,782.61                                   8/1/2005                              7.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475924                              1001904648                             #N/A                             Fixed                              Interest In Arrears                                    $ 49,000.00                                 $ 48,887.37                                   8/1/2005                              8.810
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475925                              1001905825                             #N/A                             Arm                                Interest In Arrears                                   $ 284,000.00                                $ 283,181.88                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475926                              1001905941                             #N/A                             Arm                                Interest In Arrears                                   $ 294,000.00                                $ 293,412.06                                   9/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475874                              1001869918                             #N/A                             Arm                                Interest In Arrears                                   $ 112,000.00                                $ 111,794.98                                   8/1/2005                              8.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475875                              1001870988                             #N/A                             Arm                                Interest In Arrears                                    $ 95,000.00                                 $ 94,823.42                                   8/1/2005                              8.425
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475876                              1001871362                             #N/A                             Arm                                Interest Only                                         $ 316,000.00                                $ 316,000.00                                   8/1/2005                              6.190
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475877                              1001872744                             #N/A                             Arm                                Interest In Arrears                                   $ 152,000.00                                $ 151,785.53                                   8/1/2005                              9.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475878                              1001873459                             #N/A                             Fixed                              Interest In Arrears                                    $ 83,300.00                                 $ 83,202.80                                   7/1/2005                              8.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475879                              1001874289                             #N/A                             Arm                                Interest In Arrears                                   $ 154,400.00                                $ 153,991.07                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475949                              1001920112                             #N/A                             Arm                                Interest In Arrears                                   $ 110,000.00                                $ 109,872.30                                   8/1/2005                              8.725
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475951                              1001920639                             #N/A                             Arm                                Interest In Arrears                                   $ 176,000.00                                $ 175,753.08                                   9/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475952                              1001920997                             #N/A                             Arm                                Interest In Arrears                                    $ 65,250.00                                 $ 65,129.33                                   8/1/2005                              8.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475953                              1001921068                             #N/A                             Arm                                Interest In Arrears                                   $ 250,000.00                                $ 249,439.89                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475942                              1001916902                             #N/A                             Arm                                Interest In Arrears                                    $ 78,850.00                                 $ 78,674.20                                   9/1/2005                              7.525
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475943                              1001917171                             #N/A                             Arm                                Interest In Arrears                                   $ 547,200.00                                $ 546,255.09                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475944                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 320,000.00                                $ 319,470.58                                   8/1/2005                              8.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475945                              1001918116                             #N/A                             Arm                                Interest In Arrears                                   $ 141,300.00                                $ 141,013.67                                   8/1/2005                              8.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475948                              1001919936                             #N/A                             Fixed                              Interest In Arrears                                    $ 84,800.00                                 $ 84,747.87                                   8/1/2005                             11.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475968                              1001930432                             #N/A                             Arm                                Interest Only                                         $ 448,000.00                                $ 447,999.98                                   8/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475969                              1001932617                             #N/A                             Arm                                Interest In Arrears                                   $ 124,200.00                                $ 123,986.28                                   9/1/2005                              8.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475971                              1001935437                             #N/A                             Arm                                Interest In Arrears                                    $ 87,750.00                                 $ 87,583.00                                  10/1/2005                              8.725
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475955                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 103,500.00                                $ 103,293.55                                   8/1/2005                              9.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475956                              1001924029                             #N/A                             Arm                                Interest Only                                         $ 200,000.00                                $ 199,999.99                                   7/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475957                              1001924047                             #N/A                             Fixed                              Interest In Arrears                                    $ 83,000.00                                 $ 82,806.52                                   8/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475958                              1001924289                             #N/A                             Arm                                Interest In Arrears                                   $ 160,000.00                                $ 159,759.36                                   9/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475959                              1001924804                             #N/A                             Arm                                Interest In Arrears                                   $ 181,600.00                                $ 181,172.44                                   9/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475960                              1001925180                             #N/A                             Arm                                Interest Only                                         $ 328,000.00                                $ 328,000.00                                   8/1/2005                              7.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475975                              1001940001                             #N/A                             Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,830.97                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475976                              1001940421                             #N/A                             Fixed                              Interest In Arrears                                    $ 95,516.00                                 $ 95,065.65                                   8/1/2005                              7.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475977                              1001940993                             #N/A                             Arm                                Interest In Arrears                                   $ 110,500.00                                $ 110,320.09                                   8/1/2005                              7.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475978                              1001941563                             #N/A                             Arm                                Interest In Arrears                                   $ 156,000.00                                $ 155,725.30                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475972                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                    $ 96,000.00                                 $ 95,864.72                                   8/1/2005                              7.775
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475973                              1001939255                             #N/A                             Arm                                Interest In Arrears                                   $ 196,560.00                                $ 196,244.68                                   8/1/2005                              7.125
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475974                              1001939718                             #N/A                             Arm                                Interest In Arrears                                   $ 156,000.00                                $ 155,522.76                                   8/1/2005                              5.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476054                              1001976972                             #N/A                             Arm                                Interest In Arrears                                   $ 173,600.00                                $ 173,166.34                                   9/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476055                              1001978765                             #N/A                             Arm                                Interest In Arrears                                   $ 321,000.00                                $ 320,124.71                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476057                              1001980397                             #N/A                             Fixed                              Interest In Arrears                                    $ 59,380.00                                 $ 59,308.60                                   8/1/2005                             10.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476058                              1001980636                             #N/A                             Fixed                              Interest In Arrears                                   $ 443,848.00                                $ 442,995.35                                   9/1/2005                              6.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476059                              1001980903                             #N/A                             Arm                                Interest In Arrears                                   $ 112,500.00                                $ 112,302.85                                   8/1/2005                              6.675
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475979                              1001943062                             #N/A                             Arm                                Interest In Arrears                                   $ 455,000.00                                $ 454,187.04                                   8/1/2005                              6.575
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475980                              1001943838                             #N/A                             Arm                                Interest In Arrears                                    $ 91,526.00                                 $ 91,360.16                                   8/1/2005                              8.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475981                              1001944383                             #N/A                             Arm                                Interest In Arrears                                   $ 102,000.00                                $ 101,822.12                                   8/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476756                                 2146721                             #N/A                             Fixed                              Interest In Arrears                                   $ 270,000.00                                $ 269,460.04                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476757                                 2146761                             #N/A                             Fixed                              Interest In Arrears                                   $ 225,000.00                                $ 224,654.82                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476758                                 2147112                             #N/A                             Arm                                Interest In Arrears                                   $ 160,550.00                                $ 160,298.74                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475682                              1001660465                             #N/A                             Arm                                Interest Only                                         $ 124,000.00                                $ 124,000.00                                   8/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475683                              1001661115                             #N/A                             Arm                                Interest In Arrears                                   $ 150,300.00                                $ 150,091.38                                   8/1/2005                              7.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475684                              1001661936                             #N/A                             Arm                                Interest In Arrears                                   $ 336,880.00                                $ 336,239.04                                   9/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475685                              1001664826                             #N/A                             Arm                                Interest In Arrears                                   $ 427,500.00                                $ 426,086.01                                   8/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475686                              1001665371                             #N/A                             Arm                                Interest In Arrears                                   $ 212,000.00                                $ 211,664.92                                   8/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475687                              1001666780                             #N/A                             Arm                                Interest In Arrears                                   $ 136,000.00                                $ 135,525.38                                   7/1/2005                              6.725
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475688                              1001667609                             #N/A                             Fixed                              Interest In Arrears                                    $ 71,250.00                                 $ 71,016.67                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475666                              1001641307                             #N/A                             Arm                                Interest In Arrears                                   $ 119,000.00                                $ 118,803.14                                   7/1/2005                              8.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475667                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                   $ 210,000.00                                $ 209,475.45                                   9/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475668                              1001643706                             #N/A                             Arm                                Interest In Arrears                                   $ 177,120.00                                $ 176,663.51                                   9/1/2005                              8.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475669                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 173,000.00                                $ 172,676.81                                   8/1/2005                              8.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475671                              0000000000                             #N/A                             Arm                                Interest In Arrears                                    $ 88,000.00                                 $ 87,798.87                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475672                              1001646838                             #N/A                             Arm                                Interest In Arrears                                   $ 166,300.00                                $ 165,918.34                                   8/1/2005                              8.325
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475673                              1001647864                             #N/A                             Arm                                Interest In Arrears                                    $ 90,000.00                                 $ 89,818.63                                   9/1/2005                              5.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475982                              1001945284                             #N/A                             Arm                                Interest In Arrears                                   $ 286,000.00                                $ 285,491.47                                   9/1/2005                              6.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475983                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,780.72                                   8/1/2005                              7.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475984                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 117,300.00                                $ 117,034.56                                   9/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475985                              1001947950                             #N/A                             Arm                                Interest Only                                         $ 361,000.00                                $ 360,961.97                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475986                              1001949725                             #N/A                             Arm                                Interest Only                                         $ 425,600.00                                $ 425,600.00                                   8/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475987                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 373,600.00                                $ 372,821.69                                   8/1/2005                              5.775
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475935                              1001912014                             #N/A                             Arm                                Interest Only                                         $ 391,500.00                                $ 391,500.00                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475936                              1001912602                             #N/A                             Arm                                Interest Only                                         $ 412,000.00                                $ 412,000.00                                   8/1/2005                              5.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475939                              1001914913                             #N/A                             Arm                                Interest In Arrears                                   $ 143,000.00                                $ 142,745.74                                   8/1/2005                              6.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475940                              1001914940                             #N/A                             Arm                                Interest In Arrears                                   $ 209,600.00                                $ 209,080.54                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475941                              1001916813                             #N/A                             Arm                                Interest Only                                         $ 466,000.00                                $ 466,000.00                                   9/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476074                              1001987416                             #N/A                             Arm                                Interest In Arrears                                   $ 118,500.00                                $ 118,381.71                                   8/1/2005                              9.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476075                              1001988040                             #N/A                             Arm                                Interest In Arrears                                   $ 170,000.00                                $ 169,522.84                                   9/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476076                              1001988861                             #N/A                             Arm                                Interest In Arrears                                   $ 158,800.00                                $ 158,462.46                                   8/1/2005                              7.763
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476077                              1001989129                             #N/A                             Arm                                Interest In Arrears                                   $ 145,000.00                                $ 144,670.24                                   8/1/2005                              7.425
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476078                              1001989496                             #N/A                             Arm                                Interest In Arrears                                   $ 267,200.00                                $ 265,718.62                                   8/1/2005                              6.825
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476079                              1001989744                             #N/A                             Arm                                Interest In Arrears                                    $ 70,550.00                                 $ 70,373.14                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476081                              1001989995                             #N/A                             Arm                                Interest In Arrears                                   $ 165,600.00                                $ 165,174.03                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476067                              1001984428                             #N/A                             Arm                                Interest Only                                         $ 340,000.00                                $ 340,000.00                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476069                              1001984794                             #N/A                             Arm                                Interest In Arrears                                   $ 224,100.00                                $ 223,672.70                                   8/1/2005                              8.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476070                              1001984918                             #N/A                             Arm                                Interest In Arrears                                    $ 95,824.00                                 $ 95,664.88                                   9/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476071                              1001985123                             #N/A                             Arm                                Interest In Arrears                                   $ 534,700.00                                $ 533,017.16                                   8/1/2005                              5.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476072                              1001986426                             #N/A                             Arm                                Interest In Arrears                                   $ 200,800.00                                $ 200,422.35                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476073                              1001987069                             #N/A                             Arm                                Interest Only                                         $ 251,200.00                                $ 251,199.98                                   8/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476294                              1002064866                             #N/A                             Arm                                Interest In Arrears                                   $ 101,575.00                                $ 101,390.22                                   9/1/2005                              7.575
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476295                              1002065053                             #N/A                             Arm                                Interest In Arrears                                   $ 117,000.00                                $ 116,903.54                                   7/1/2005                             10.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476296                              1002065197                             #N/A                             Arm                                Interest Only                                         $ 384,000.00                                $ 384,000.00                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476297                              1002065810                             #N/A                             Arm                                Interest In Arrears                                    $ 59,400.00                                 $ 59,334.73                                   9/1/2005                              8.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476298                              1002066294                             #N/A                             Arm                                Interest In Arrears                                   $ 154,000.00                                $ 153,758.99                                   9/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476198                              1002036834                             #N/A                             Arm                                Interest In Arrears                                   $ 220,000.00                                $ 219,563.14                                   8/1/2005                              8.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476200                              1002037183                             #N/A                             Arm                                Interest Only                                         $ 490,000.00                                $ 490,000.00                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476201                              1002037325                             #N/A                             Arm                                Interest In Arrears                                    $ 72,000.00                                 $ 71,918.54                                   8/1/2005                              8.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476202                              1002037600                             #N/A                             Fixed                              Interest In Arrears                                   $ 143,000.00                                $ 142,767.19                                   8/1/2005                              7.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476203                              1002038057                             #N/A                             Arm                                Interest In Arrears                                    $ 98,400.00                                 $ 98,285.77                                   8/1/2005                              8.725
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476204                              1002038280                             #N/A                             Arm                                Interest Only                                         $ 107,200.00                                $ 107,199.07                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476205                              1002038627                             #N/A                             Fixed                              Interest In Arrears                                    $ 26,800.00                                 $ 26,781.11                                   8/1/2005                             11.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476369                              1002086156                             #N/A                             Arm                                Interest Only                                         $ 364,000.00                                $ 363,900.34                                   9/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476370                              1002086389                             #N/A                             Arm                                Interest In Arrears                                   $ 111,920.00                                $ 111,755.84                                   8/1/2005                              7.575
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476371                              1002086539                             #N/A                             Fixed                              Interest In Arrears                                    $ 79,200.00                                 $ 78,765.59                                   8/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476372                              1002086959                             #N/A                             Arm                                Interest Only                                         $ 156,000.00                                $ 155,984.00                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476374                              1002087084                             #N/A                             Arm                                Interest Only                                         $ 250,000.00                                $ 250,000.00                                   9/1/2005                              5.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476375                              1002087262                             #N/A                             Arm                                Interest Only                                         $ 272,000.00                                $ 272,000.00                                   8/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476376                              1002087271                             #N/A                             Arm                                Interest In Arrears                                   $ 138,750.00                                $ 138,386.08                                   8/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476326                              1002077567                             #N/A                             Arm                                Interest In Arrears                                    $ 55,000.00                                 $ 54,876.77                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476327                              1002077941                             #N/A                             Arm                                Interest In Arrears                                   $ 128,100.00                                $ 127,874.99                                   8/1/2005                              8.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476329                              1002078218                             #N/A                             Arm                                Interest In Arrears                                   $ 191,200.00                                $ 190,846.42                                   8/1/2005                              8.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476330                              1002078227                             #N/A                             Arm                                Interest In Arrears                                   $ 183,600.00                                $ 183,289.10                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476331                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 157,500.00                                $ 157,193.54                                   8/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476332                              1002078441                             #N/A                             Arm                                Interest In Arrears                                    $ 89,100.00                                 $ 88,915.78                                   9/1/2005                              7.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476312                              1002070868                             #N/A                             Arm                                Interest In Arrears                                   $ 304,000.00                                $ 303,247.12                                   8/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476313                              1002071153                             #N/A                             Arm                                Interest Only                                         $ 213,750.00                                $ 213,750.00                                   8/1/2005                              7.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476314                              1002072116                             #N/A                             Arm                                Interest In Arrears                                   $ 225,250.00                                $ 224,787.58                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476315                              1002072312                             #N/A                             Arm                                Interest In Arrears                                    $ 79,200.00                                 $ 79,113.14                                   8/1/2005                              9.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476316                              1002072429                             #N/A                             Arm                                Interest In Arrears                                    $ 98,797.00                                 $ 98,639.29                                   8/1/2005                              7.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476317                              1002072474                             #N/A                             Arm                                Interest Only                                         $ 396,000.00                                $ 396,000.00                                   8/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476318                              1002072651                             #N/A                             Arm                                Interest Only                                         $ 340,000.00                                $ 340,000.00                                   9/1/2005                              6.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476377                              1002088029                             #N/A                             Arm                                Interest In Arrears                                    $ 65,455.00                                 $ 65,391.01                                   8/1/2005                              9.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476379                              1002088939                             #N/A                             Arm                                Interest In Arrears                                    $ 58,400.00                                 $ 58,287.45                                   8/1/2005                              8.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476380                              1002089064                             #N/A                             Arm                                Interest Only                                         $ 218,800.00                                $ 218,799.99                                   8/1/2005                              5.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476382                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 250,000.00                                $ 249,496.22                                   8/1/2005                              5.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476383                              1002089787                             #N/A                             Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,951.39                                   8/1/2005                              9.575
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476384                              1002089938                             #N/A                             Arm                                Interest In Arrears                                    $ 73,950.00                                 $ 73,835.30                                   8/1/2005                              9.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476319                              1002073240                             #N/A                             Arm                                Interest In Arrears                                   $ 123,750.00                                $ 123,516.93                                   9/1/2005                              7.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476320                              1002075113                             #N/A                             Arm                                Interest In Arrears                                   $ 146,400.00                                $ 146,223.79                                   8/1/2005                              8.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476321                              1002076032                             #N/A                             Arm                                Interest Only                                         $ 239,200.00                                $ 239,199.98                                   8/1/2005                              8.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476322                              1002076470                             #N/A                             Arm                                Interest Only                                         $ 616,000.00                                $ 616,000.00                                   9/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476323                              1002076899                             #N/A                             Arm                                Interest In Arrears                                   $ 496,125.00                                $ 495,455.63                                   9/1/2005                              7.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476324                              1002076906                             #N/A                             Arm                                Interest In Arrears                                   $ 340,000.00                                $ 339,440.98                                   8/1/2005                              7.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476443                              1002108481                             #N/A                             Arm                                Interest In Arrears                                    $ 55,500.00                                 $ 55,417.36                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476444                              1002108506                             #N/A                             Arm                                Interest In Arrears                                    $ 79,900.00                                 $ 79,688.38                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476445                              1002108542                             #N/A                             Arm                                Interest In Arrears                                   $ 270,400.00                                $ 269,946.58                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476446                              1002108766                             #N/A                             Arm                                Interest In Arrears                                   $ 280,000.00                                $ 279,518.17                                   7/1/2005                              8.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476447                              0000000000                             #N/A                             Arm                                Interest In Arrears                                    $ 73,100.00                                 $ 73,017.12                                   8/1/2005                              8.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476448                              1002109239                             #N/A                             Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,941.65                                   9/1/2005                              8.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476449                              1002109765                             #N/A                             Arm                                Interest In Arrears                                   $ 346,000.00                                $ 345,429.98                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476399                              1002091747                             #N/A                             Arm                                Interest In Arrears                                   $ 208,000.00                                $ 207,702.47                                   8/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476400                              1002091827                             #N/A                             Arm                                Interest In Arrears                                   $ 130,000.00                                $ 129,854.46                                   9/1/2005                              8.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476401                              0000000000                             #N/A                             Arm                                Interest In Arrears                                    $ 81,000.00                                 $ 80,791.65                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476402                              1002092096                             #N/A                             Arm                                Interest In Arrears                                   $ 149,500.00                                $ 149,249.32                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476403                              1002092489                             #N/A                             Arm                                Interest In Arrears                                   $ 168,300.00                                $ 167,996.65                                   8/1/2005                              8.575
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476405                              1002092602                             #N/A                             Arm                                Interest In Arrears                                    $ 80,000.00                                 $ 79,790.15                                   8/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476299                              1002066392                             #N/A                             Arm                                Interest In Arrears                                   $ 119,200.00                                $ 118,908.04                                   9/1/2005                              7.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476302                              1002067097                             #N/A                             Arm                                Interest Only                                         $ 360,800.00                                $ 360,800.00                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476303                              1002067337                             #N/A                             Fixed                              Interest In Arrears                                   $ 430,000.00                                $ 429,271.85                                   8/1/2005                              6.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476304                              1002067774                             #N/A                             Fixed                              Interest In Arrears                                   $ 328,500.00                                $ 327,560.04                                   8/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476305                              1002068194                             #N/A                             Arm                                Interest Only                                          $ 81,600.00                                 $ 81,600.00                                   8/1/2005                              8.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476406                              1002092746                             #N/A                             Arm                                Interest In Arrears                                   $ 151,300.00                                $ 150,947.28                                   8/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476407                              1002092853                             #N/A                             Arm                                Interest In Arrears                                   $ 187,000.00                                $ 186,660.98                                   9/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476409                              1002094272                             #N/A                             Arm                                Interest Only                                         $ 227,000.00                                $ 226,939.47                                   8/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476410                              1002094343                             #N/A                             Arm                                Interest In Arrears                                    $ 85,000.00                                 $ 84,846.02                                   8/1/2005                              8.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476411                              1002095565                             #N/A                             Arm                                Interest In Arrears                                   $ 254,400.00                                $ 253,956.39                                   9/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476003                              1001955575                             #N/A                             Arm                                Interest In Arrears                                   $ 110,400.00                                $ 110,099.32                                  10/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476005                              1001957537                             #N/A                             Arm                                Interest In Arrears                                   $ 370,800.00                                $ 370,295.65                                   8/1/2005                              7.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476006                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 238,000.00                                $ 237,487.68                                   8/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476007                              1001957797                             #N/A                             Arm                                Interest In Arrears                                   $ 113,900.00                                $ 113,765.72                                   8/1/2005                              8.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476008                              1001958046                             #N/A                             Arm                                Interest In Arrears                                    $ 61,600.00                                 $ 61,533.15                                   8/1/2005                              9.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476010                              1001958581                             #N/A                             Arm                                Interest In Arrears                                   $ 106,000.00                                $ 105,798.30                                   8/1/2005                              6.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475739                              1001722292                             #N/A                             Fixed                              Interest In Arrears                                   $ 220,000.00                                $ 219,612.61                                   8/1/2005                              6.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475740                              1001722862                             #N/A                             Arm                                Interest In Arrears                                    $ 58,400.00                                 $ 58,355.72                                   8/1/2005                             10.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475742                              1001724806                             #N/A                             Fixed                              Interest In Arrears                                   $ 124,000.00                                $ 123,638.34                                   8/1/2005                              6.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475743                              1001726010                             #N/A                             Arm                                Interest In Arrears                                   $ 517,750.00                                $ 516,985.24                                   8/1/2005                              7.540
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475744                              1001726608                             #N/A                             Fixed                              Interest In Arrears                                   $ 110,000.00                                $ 109,834.56                                   9/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475745                              1001728321                             #N/A                             Arm                                Interest In Arrears                                   $ 388,000.00                                $ 387,282.82                                   8/1/2005                              6.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475746                              1001729552                             #N/A                             Arm                                Interest In Arrears                                   $ 144,500.00                                $ 144,141.86                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476721                                 2144027                             #N/A                             Fixed                              Interest In Arrears                                   $ 120,000.00                                $ 119,446.62                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476722                                 2144058                             #N/A                             Fixed                              Interest In Arrears                                    $ 52,000.00                                 $ 51,794.48                                   8/1/2005                              6.825
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476723                                 2144074                             #N/A                             Fixed                              Interest In Arrears                                   $ 102,960.00                                $ 102,754.09                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476724                                 2144079                             #N/A                             Arm                                Interest In Arrears                                   $ 228,800.00                                $ 228,431.16                                   8/1/2005                              7.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475405                              1000765899                             #N/A                             Arm                                Interest In Arrears                                   $ 215,000.00                                $ 214,686.21                                   9/1/2005                              7.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475407                              1000831844                             #N/A                             Fixed                              Interest In Arrears                                    $ 97,759.00                                 $ 97,653.22                                   9/1/2005                             10.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475408                              1000834958                             #N/A                             Arm                                Interest In Arrears                                   $ 204,000.00                                $ 203,424.25                                   8/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475487                              1001323464                             #N/A                             Arm                                Interest Only                                         $ 225,000.00                                $ 225,000.00                                   8/1/2005                              8.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475489                              1001325854                             #N/A                             Arm                                Interest In Arrears                                   $ 153,000.00                                $ 152,787.64                                   9/1/2005                              7.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475490                              1001333612                             #N/A                             Arm                                Interest In Arrears                                   $ 100,300.00                                 $ 99,911.77                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475491                              1001333774                             #N/A                             Arm                                Interest In Arrears                                   $ 425,000.00                                $ 423,418.88                                   8/1/2005                              7.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475492                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 180,000.00                                $ 179,242.65                                   8/1/2005                              5.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475493                              1001340016                             #N/A                             Arm                                Interest In Arrears                                    $ 81,900.00                                 $ 81,686.75                                   9/1/2005                              8.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475494                              1001340392                             #N/A                             Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,856.94                                   9/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475455                              1001221029                             #N/A                             Arm                                Interest In Arrears                                   $ 111,000.00                                $ 110,774.61                                   8/1/2005                              7.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475458                              1001233418                             #N/A                             Arm                                Interest In Arrears                                   $ 126,000.00                                $ 125,549.58                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475459                              1001250167                             #N/A                             Arm                                Interest In Arrears                                   $ 338,400.00                                $ 337,165.87                                   8/1/2005                              7.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475508                              1001392512                             #N/A                             Arm                                Interest In Arrears                                   $ 222,500.00                                $ 221,749.51                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475509                              1001394814                             #N/A                             Arm                                Interest Only                                         $ 284,000.00                                $ 283,998.64                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475511                              1001403895                             #N/A                             Fixed                              Interest In Arrears                                    $ 52,000.00                                 $ 51,919.76                                   8/1/2005                             10.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475513                              1001405642                             #N/A                             Fixed                              Interest In Arrears                                   $ 246,500.00                                $ 246,104.97                                   8/1/2005                              7.130
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475495                              0000000000                             #N/A                             Arm                                Interest Only                                         $ 454,087.19                                $ 454,087.16                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475496                              1001347689                             #N/A                             Arm                                Interest In Arrears                                    $ 56,700.00                                 $ 56,491.97                                   8/1/2005                              8.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475498                              1001354242                             #N/A                             Arm                                Interest In Arrears                                   $ 255,000.00                                $ 254,436.54                                   8/1/2005                              9.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475500                              1001357579                             #N/A                             Arm                                Interest In Arrears                                    $ 71,250.00                                 $ 71,061.78                                   8/1/2005                              8.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475529                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 123,750.00                                $ 123,490.40                                   8/1/2005                              9.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475531                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 209,950.00                                $ 209,112.91                                   9/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475532                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 154,800.00                                $ 154,331.50                                   8/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475533                              1001448026                             #N/A                             Arm                                Interest In Arrears                                    $ 54,000.00                                 $ 53,813.44                                   8/1/2005                              6.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475535                              1001449944                             #N/A                             Fixed                              Interest In Arrears                                   $ 490,000.00                                $ 489,111.66                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475514                              1001406696                             #N/A                             Fixed                              Interest In Arrears                                    $ 86,000.00                                 $ 85,764.02                                   8/1/2005                              9.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475515                              1001409880                             #N/A                             Fixed                              Interest In Arrears                                    $ 60,300.00                                 $ 60,164.04                                   8/1/2005                              9.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475516                              1001411332                             #N/A                             Arm                                Interest Only                                         $ 280,000.00                                $ 280,000.00                                   8/1/2005                              5.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475517                              1001417559                             #N/A                             Arm                                Interest In Arrears                                   $ 101,600.00                                $ 101,434.58                                   8/1/2005                              7.050
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475519                              1001423150                             #N/A                             Arm                                Interest In Arrears                                   $ 148,800.00                                $ 148,217.07                                   8/1/2005                              6.125
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475521                              1001426460                             #N/A                             Arm                                Interest In Arrears                                   $ 318,600.00                                $ 317,762.10                                   8/1/2005                              8.150
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475545                              1001468780                             #N/A                             Arm                                Interest In Arrears                                    $ 83,900.00                                 $ 83,717.62                                   8/1/2005                              5.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475547                              1001470232                             #N/A                             Arm                                Interest In Arrears                                   $ 116,800.00                                $ 116,291.51                                   9/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475548                              1001471749                             #N/A                             Arm                                Interest Only                                         $ 160,000.00                                $ 160,000.00                                   9/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475635                              1001607434                             #N/A                             Arm                                Interest In Arrears                                   $ 332,000.00                                $ 330,971.34                                   8/1/2005                              7.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475637                              1001608237                             #N/A                             Fixed                              Interest In Arrears                                    $ 36,200.00                                 $ 36,151.53                                   9/1/2005                             10.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475638                              1001608718                             #N/A                             Arm                                Interest In Arrears                                   $ 142,500.00                                $ 142,005.05                                   9/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475639                              1001609995                             #N/A                             Arm                                Interest In Arrears                                   $ 442,000.00                                $ 441,242.69                                   8/1/2005                              6.790
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475640                              1001610046                             #N/A                             Arm                                Interest In Arrears                                   $ 113,900.00                                $ 113,764.32                                   8/1/2005                              8.600
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475597                              1001545590                             #N/A                             Arm                                Interest In Arrears                                   $ 178,500.00                                $ 178,204.67                                   7/1/2005                              8.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475598                              1001546367                             #N/A                             Arm                                Interest In Arrears                                   $ 159,300.00                                $ 158,953.64                                   8/1/2005                              7.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475599                              1001547794                             #N/A                             Arm                                Interest In Arrears                                   $ 157,250.00                                $ 156,876.50                                   8/1/2005                              8.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475600                              1001548052                             #N/A                             Arm                                Interest In Arrears                                    $ 61,750.00                                 $ 61,585.91                                   8/1/2005                              8.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475601                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                    $ 93,075.00                                 $ 92,822.19                                   8/1/2005                              7.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475602                              1001550244                             #N/A                             Fixed                              Interest In Arrears                                   $ 105,350.00                                $ 104,490.44                                   8/1/2005                              6.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475604                              1001555169                             #N/A                             Arm                                Interest In Arrears                                    $ 99,200.00                                 $ 98,984.31                                   8/1/2005                              7.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475798                              1001783804                             #N/A                             Arm                                Interest Only                                         $ 456,000.00                                $ 456,000.00                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475800                              1001785125                             #N/A                             Arm                                Interest Only                                         $ 495,000.00                                $ 495,000.00                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475801                              1001787285                             #N/A                             Fixed                              Interest In Arrears                                    $ 81,000.00                                 $ 80,850.20                                   9/1/2005                              8.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475802                              1001787720                             #N/A                             Arm                                Interest In Arrears                                   $ 110,500.00                                $ 110,291.43                                   8/1/2005                              8.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475803                              1001788248                             #N/A                             Arm                                Interest In Arrears                                   $ 391,000.00                                $ 390,097.45                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475652                              1001621356                             #N/A                             Arm                                Interest Only                                         $ 440,000.00                                $ 440,000.00                                   8/1/2005                              5.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475653                              1001621793                             #N/A                             Arm                                Interest In Arrears                                   $ 820,000.00                                $ 818,838.75                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475655                              1001625012                             #N/A                             Arm                                Interest In Arrears                                   $ 108,720.00                                $ 108,538.58                                   8/1/2005                              6.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475656                              1001625398                             #N/A                             Fixed                              Interest In Arrears                                   $ 385,840.00                                $ 385,248.05                                   8/1/2005                              7.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475657                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 286,392.00                                $ 285,984.37                                   8/1/2005                              7.725
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476038                              1001967303                             #N/A                             Arm                                Interest In Arrears                                   $ 180,000.00                                $ 179,531.27                                   8/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476040                              1001967642                             #N/A                             Arm                                Interest In Arrears                                   $ 297,500.00                                $ 297,095.36                                   8/1/2005                              7.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476041                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 124,000.00                                $ 123,843.34                                   9/1/2005                              8.313
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476042                              1001968543                             #N/A                             Arm                                Interest In Arrears                                    $ 59,750.00                                 $ 59,628.91                                   8/1/2005                              8.000
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476043                              1001969169                             #N/A                             Arm                                Interest In Arrears                                   $ 159,210.00                                $ 159,025.44                                   9/1/2005                              8.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476044                              1001969882                             #N/A                             Arm                                Interest Only                                         $ 181,120.00                                $ 181,120.00                                   8/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476045                              1001970479                             #N/A                             Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,755.86                                   8/1/2005                              5.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475996                              1001952275                             #N/A                             Arm                                Interest In Arrears                                   $ 142,500.00                                $ 142,208.31                                   8/1/2005                              7.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475997                              1001952998                             #N/A                             Arm                                Interest In Arrears                                   $ 282,000.00                                $ 281,592.22                                   8/1/2005                              8.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475998                              1001953737                             #N/A                             Fixed                              Interest In Arrears                                   $ 112,132.00                                $ 111,907.76                                   8/1/2005                              5.990
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475999                              1001954433                             #N/A                             Fixed                              Interest In Arrears                                    $ 93,000.00                                 $ 92,839.97                                   8/1/2005                             10.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476001                              1001954870                             #N/A                             Fixed                              Interest In Arrears                                   $ 326,700.00                                $ 326,183.64                                   8/1/2005                              7.200
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476002                              1001954923                             #N/A                             Arm                                Interest In Arrears                                   $ 110,700.00                                $ 110,486.78                                   8/1/2005                              8.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476777                                 2149834                             #N/A                             Fixed                              Interest In Arrears                                   $ 100,000.00                                 $ 99,815.69                                   8/1/2005                              6.415
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476778                                 2149882                             #N/A                             Fixed                              Interest In Arrears                                    $ 89,900.00                                 $ 89,578.47                                   8/1/2005                              6.415
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476779                                 2149895                             #N/A                             Arm                                Interest In Arrears                                   $ 288,000.00                                $ 287,646.20                                   9/1/2005                              8.450
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476571                                 2124436                             #N/A                             Arm                                Interest In Arrears                                   $ 171,000.00                                $ 170,520.01                                   9/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476017                              1001960989                             #N/A                             Arm                                Interest Only                                         $ 284,000.00                                $ 283,999.97                                   9/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476018                              1001961087                             #N/A                             Arm                                Interest In Arrears                                   $ 102,400.00                                $ 102,170.58                                   8/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476019                              1001961489                             #N/A                             Arm                                Interest In Arrears                                   $ 153,520.00                                $ 153,118.61                                   8/1/2005                              6.725
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476020                              1001961728                             #N/A                             Arm                                Interest In Arrears                                   $ 196,000.00                                $ 195,586.47                                   8/1/2005                              7.800
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476021                              1001961924                             #N/A                             Fixed                              Interest In Arrears                                    $ 38,000.00                                 $ 37,931.05                                   9/1/2005                              9.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476022                              1001962344                             #N/A                             Arm                                Interest In Arrears                                   $ 204,000.00                                $ 203,730.83                                   8/1/2005                              8.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476023                              1001962380                             #N/A                             Arm                                Interest In Arrears                                   $ 234,000.00                                $ 233,475.72                                   9/1/2005                              7.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476024                              1001962745                             #N/A                             Arm                                Interest Only                                         $ 256,000.00                                $ 256,000.00                                   8/1/2005                              6.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476338                              1002079681                             #N/A                             Arm                                Interest In Arrears                                   $ 166,250.00                                $ 165,934.08                                   9/1/2005                              7.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476339                              1002079814                             #N/A                             Arm                                Interest In Arrears                                    $ 78,200.00                                 $ 77,678.10                                   8/1/2005                              9.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476340                              1002079903                             #N/A                             Arm                                Interest In Arrears                                   $ 356,250.00                                $ 355,698.00                                   9/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476341                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 157,600.00                                $ 157,353.37                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476342                              1002080447                             #N/A                             Fixed                              Interest In Arrears                                    $ 39,400.00                                 $ 39,362.32                                   8/1/2005                              9.655
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476343                              1002080526                             #N/A                             Arm                                Interest Only                                         $ 249,600.00                                $ 249,600.00                                   8/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476344                              1002080660                             #N/A                             Arm                                Interest In Arrears                                    $ 76,000.00                                 $ 75,912.68                                   8/1/2005                              8.775
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476345                              1002080740                             #N/A                             Arm                                Interest In Arrears                                    $ 98,160.00                                 $ 97,976.80                                   8/1/2005                              6.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476333                              0000000000                             #N/A                             Arm                                Interest In Arrears                                   $ 162,000.00                                $ 161,575.18                                   8/1/2005                              7.750
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476334                              1002078806                             #N/A                             Arm                                Interest In Arrears                                   $ 144,000.00                                $ 143,741.46                                   8/1/2005                              6.550
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476335                              1002078815                             #N/A                             Arm                                Interest In Arrears                                    $ 86,320.00                                 $ 86,230.14                                   8/1/2005                              9.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476336                              1002079244                             #N/A                             Fixed                              Interest In Arrears                                    $ 30,400.00                                 $ 30,381.31                                   8/1/2005                             11.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476337                              1002079486                             #N/A                             Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,819.84                                   8/1/2005                              8.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476414                              1002097108                             #N/A                             Arm                                Interest In Arrears                                    $ 99,120.00                                 $ 98,969.44                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476415                              1002097493                             #N/A                             Arm                                Interest Only                                         $ 118,400.00                                $ 118,400.00                                   8/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476416                              0000000000                             #N/A                             Arm                                Interest Only                                         $ 487,200.00                                $ 487,200.00                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476417                              1002098205                             #N/A                             Arm                                Interest In Arrears                                   $ 174,250.00                                $ 173,998.22                                   9/1/2005                              7.650
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476418                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                   $ 167,000.00                                $ 166,654.97                                   9/1/2005                              6.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476419                              1002099197                             #N/A                             Fixed                              Interest In Arrears                                   $ 143,200.00                                $ 142,782.93                                   9/1/2005                              6.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475658                              0000000000                             #N/A                             Arm                                Interest Only                                         $ 219,110.00                                $ 219,110.00                                   8/1/2005                              5.350
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475661                              1001634798                             #N/A                             Arm                                Interest In Arrears                                   $ 333,000.00                                $ 332,069.59                                   8/1/2005                              7.850
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475662                              0000000000                             #N/A                             Arm                                Interest In Arrears                                    $ 76,050.00                                 $ 75,910.81                                   8/1/2005                              9.900
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475663                              1001638259                             #N/A                             Arm                                Interest In Arrears                                   $ 180,000.00                                $ 179,780.69                                   9/1/2005                              8.490
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475664                              1001638758                             #N/A                             Arm                                Interest In Arrears                                    $ 55,250.00                                 $ 55,090.88                                   8/1/2005                              7.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475665                              1001640335                             #N/A                             Arm                                Interest In Arrears                                   $ 161,500.00                                $ 161,076.41                                   8/1/2005                              6.700
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475553                              1001480347                             #N/A                             Arm                                Interest In Arrears                                   $ 119,000.00                                $ 118,675.52                                   7/1/2005                              6.500
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475554                              1001480579                             #N/A                             Arm                                Interest In Arrears                                   $ 141,950.00                                $ 141,503.03                                   8/1/2005                              7.250
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475555                              0000000000                             #N/A                             Fixed                              Interest In Arrears                                   $ 178,000.00                                $ 176,767.60                                   8/1/2005                              5.950
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475556                              1001481408                             #N/A                             Arm                                Interest In Arrears                                   $ 367,200.00                                $ 366,055.12                                   8/1/2005                              7.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475557                              1001483610                             #N/A                             Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,616.74                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333475558                              1001486840                             #N/A                             Arm                                Interest In Arrears                                    $ 96,050.00                                 $ 95,859.74                                   8/1/2005                              9.525
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476307                              1002068951                             #N/A                             Arm                                Interest Only                                         $ 368,000.00                                $ 368,000.00                                   7/1/2005                              6.880
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476308                              1002069969                             #N/A                             Arm                                Interest Only                                         $ 107,920.00                                $ 107,770.17                                   8/1/2005                              7.400
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476309                              1002070065                             #N/A                             Arm                                Interest In Arrears                                   $ 176,000.00                                $ 175,767.78                                   8/1/2005                              8.100
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476310                              1002070305                             #N/A                             Arm                                Interest In Arrears                                   $ 128,000.00                                $ 127,700.11                                   8/1/2005                              7.275
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476311                              1002070680                             #N/A                             Arm                                Interest In Arrears                                   $ 115,200.00                                $ 114,982.91                                   8/1/2005                              6.300
Xxx Xxxxxxx                           Xxxxx                            Xxxxxxxx Xxxx                           XXX0000                                  333476501                                 2043275                             #N/A                             Fixed                              Interest In Arrears                                   $ 365,000.00                                $ 363,707.42                                   8/1/2005                              6.650
Xxxxxxx                               Xxxxx                            US Bank                                 IMP0121                                  333350885                              4503026189                                    19636174                  Arm                                Interest In Arrears                                    $ 70,000.00                                 $ 69,565.79                                   8/1/2005                              8.000
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422561                  2005-01-05-01260-S                                        20301552                  Fixed                              Interest In Arrears                                    $ 79,800.00                                 $ 79,622.93                  00/00/0000                                            10.990
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422479                  2005-02-08-00873-S                                        20301586                  Fixed                              Interest In Arrears                                    $ 47,371.00                                 $ 47,088.90                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422470                  2005-02-10-00257-S                                        20301602                  Fixed                              Interest In Arrears                                    $ 40,340.00                                 $ 40,287.56                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422436                  2005-02-14-00708-S                                        20301610                  Fixed                              Interest In Arrears                                    $ 12,000.00                                 $ 11,942.05                  00/00/0000                                            12.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422424                  2005-02-15-00501-S                                        20301628                  Fixed                              Interest In Arrears                                    $ 35,000.00                                 $ 34,932.75                  00/00/0000                                            10.740
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422408                  2005-02-16-00220-S                                        20301685                  Fixed                              Interest In Arrears                                    $ 58,780.00                                 $ 58,455.74                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422404                  2005-02-16-00223-S                                        20301693                  Fixed                              Interest In Arrears                                    $ 26,800.00                                 $ 26,665.81                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422400                  2005-02-16-00430-S                                        20301701                  Fixed                              Interest In Arrears                                    $ 25,400.00                                 $ 25,281.03                  00/00/0000                                            11.240
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422394                  2005-02-16-01125-S                                        20301727                  Fixed                              Interest In Arrears                                    $ 95,600.00                                 $ 95,426.03                  00/00/0000                                            10.990
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422387                  2005-02-16-01245-S                                        20301743                  Fixed                              Interest In Arrears                                    $ 25,600.00                                 $ 25,480.85                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422379                  2005-02-17-00437-S                                        20301768                  Fixed                              Interest In Arrears                                    $ 65,000.00                                 $ 64,869.98                  00/00/0000                                            10.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422375                  2005-02-17-00669-S                                        20301776                  Fixed                              Interest In Arrears                                    $ 28,850.00                                 $ 28,667.89                  00/00/0000                                             8.670
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422370                  2005-02-17-00708-S                                        20301792                  Fixed                              Interest In Arrears                                    $ 25,000.00                                 $ 24,870.90                  00/00/0000                                            11.990
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422365                  2005-02-17-00891-S                                        20301800                  Fixed                              Interest In Arrears                                    $ 40,000.00                                 $ 39,928.15                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422346                  2005-02-18-00601-S                                        20301826                  Fixed                              Interest In Arrears                                    $ 21,000.00                                 $ 20,894.86                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422341                  2005-02-18-01104-S                                        20301842                  Fixed                              Interest In Arrears                                    $ 27,867.00                                 $ 27,723.09                  00/00/0000                                            11.990
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422314                  2005-02-22-00140-S                                        20301891                  Fixed                              Interest In Arrears                                    $ 14,000.00                                 $ 13,921.97                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422310                  2005-02-22-00400-S                                        20301909                  Fixed                              Interest In Arrears                                    $ 14,000.00                                 $ 13,920.19                  00/00/0000                                            11.240
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422291                  2005-02-22-01241-S                                        20301933                  Fixed                              Interest In Arrears                                    $ 68,399.00                                 $ 68,246.78                  00/00/0000                                            10.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422285                  2005-02-22-01354-S                                        20301941                  Fixed                              Interest In Arrears                                    $ 77,600.00                                 $ 77,450.96                  00/00/0000                                            10.740
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422280                  2005-02-23-00116-S                                        20301958                  Fixed                              Interest In Arrears                                    $ 32,200.00                                 $ 32,134.73                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422268                  2005-02-23-00969-S                                        20301990                  Fixed                              Interest In Arrears                                    $ 27,000.00                                 $ 26,955.10                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422265                  2005-02-23-01015-S                                        20302006                  Fixed                              Interest In Arrears                                    $ 70,500.00                                 $ 70,087.97                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422261                  2005-02-23-01219-S                                        20302014                  Fixed                              Interest In Arrears                                    $ 33,000.00                                 $ 32,794.19                  00/00/0000                                            10.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422255                  2005-02-23-01371-S                                        20302030                  Fixed                              Interest In Arrears                                    $ 31,600.00                                 $ 31,407.69                  00/00/0000                                            10.740
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422239                  2005-02-24-00598-S                                        20302071                  Fixed                              Interest In Arrears                                    $ 34,400.00                                 $ 34,338.20                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422234                  2005-02-24-00651-S                                        20302089                  Fixed                              Interest In Arrears                                    $ 62,000.00                                 $ 61,887.18                  00/00/0000                                            10.990
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422227                  2005-02-24-01041-S                                        20302105                  Fixed                              Interest In Arrears                                    $ 25,200.00                                 $ 25,012.95                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422198                  2005-02-25-00865-S                                        20302196                  Fixed                              Interest In Arrears                                    $ 77,000.00                                 $ 76,875.74                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422192                  2005-02-25-01142-S                                        20302238                  Fixed                              Interest In Arrears                                    $ 50,000.00                                 $ 49,566.48                  00/00/0000                                            10.990
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422189                  2005-02-26-00138-S                                        20302246                  Fixed                              Interest In Arrears                                    $ 26,500.00                                 $ 26,454.34                  00/00/0000                                            11.240
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422174                  2005-02-28-00486-S                                        20302261                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,961.57                  00/00/0000                                            12.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422165                  2005-02-28-00673-S                                        20302279                  Fixed                              Interest In Arrears                                    $ 49,000.00                                 $ 48,694.37                  00/00/0000                                            10.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422155                  2005-02-28-00997-S                                        20302295                  Fixed                              Interest In Arrears                                    $ 57,118.00                                 $ 56,747.21                  00/00/0000                                            10.240
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422139                  2005-03-01-00236-S                                        20302378                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,983.70                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422132                  2005-03-01-00487-S                                        20302386                  Fixed                              Interest In Arrears                                    $ 37,800.00                                 $ 37,579.11                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422125                  2005-03-01-00639-S                                        20302394                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,945.45                  00/00/0000                                            12.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422123                  2005-03-01-00762-S                                        20302402                  Fixed                              Interest In Arrears                                    $ 56,790.00                                 $ 56,686.64                  00/00/0000                                            10.990
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422099                  2005-03-02-00110-S                                        20302485                  Fixed                              Interest In Arrears                                    $ 21,600.00                                 $ 21,480.84                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422079                  2005-03-02-00475-S                                        20302535                  Fixed                              Interest In Arrears                                    $ 35,500.00                                 $ 34,909.61                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422070                  2005-03-02-00716-S                                        20302550                  Fixed                              Interest In Arrears                                    $ 60,600.00                                 $ 60,500.75                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422066                  2005-03-02-00815-S                                        20302576                  Fixed                              Interest In Arrears                                    $ 23,500.00                                 $ 23,370.34                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422064                  2005-03-02-00823-S                                        20302584                  Fixed                              Interest In Arrears                                    $ 31,800.00                                 $ 31,641.19                  00/00/0000                                            12.240
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422057                  2005-03-02-00946-S                                        20302592                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,942.98                  00/00/0000                                            11.240
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422055                  2005-03-02-00947-S                                        20302600                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,944.86                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422050                  2005-03-02-01052-S                                        20302618                  Fixed                              Interest In Arrears                                   $ 120,000.00                                $ 119,784.53                  00/00/0000                                             9.990
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422042                  2005-03-02-01319-S                                        20302675                  Fixed                              Interest In Arrears                                    $ 36,701.00                                 $ 36,386.52                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422028                  2005-03-03-00414-S                                        20302717                  Fixed                              Interest In Arrears                                    $ 27,000.00                                 $ 26,836.39                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422023                  2005-03-03-00593-S                                        20302725                  Fixed                              Interest In Arrears                                    $ 73,000.00                                 $ 72,867.19                  00/00/0000                                            10.990
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421998                  2005-03-04-00519-S                                        20302816                  Fixed                              Interest In Arrears                                    $ 16,000.00                                 $ 15,911.73                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421960                  2005-03-07-00510-S                                        20302949                  Fixed                              Interest In Arrears                                    $ 17,000.00                                 $ 16,829.11                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421958                  2005-03-07-00518-S                                        20302956                  Fixed                              Interest In Arrears                                    $ 18,200.00                                 $ 18,093.62                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421955                  2005-03-07-00612-S                                        20302964                  Fixed                              Interest In Arrears                                    $ 16,900.00                                 $ 16,806.78                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421949                  2005-03-07-00797-S                                        20302972                  Fixed                              Interest In Arrears                                    $ 26,110.00                                 $ 25,966.24                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421945                  2005-03-07-00847-S                                        20302980                  Fixed                              Interest In Arrears                                    $ 16,980.00                                 $ 16,880.78                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421915                  2005-03-08-00546-S                                        20303087                  Fixed                              Interest In Arrears                                    $ 74,800.00                                 $ 74,329.78                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421878                  2005-03-08-01336-S                                        20303160                  Fixed                              Interest In Arrears                                    $ 11,433.00                                 $ 11,366.18                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421847                  2005-03-09-00861-S                                        20303319                  Fixed                              Interest In Arrears                                   $ 106,000.00                                $ 105,787.94                  00/00/0000                                            10.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421825                  2005-03-10-00079-S                                        20303392                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,951.71                  00/00/0000                                            12.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421820                  2005-03-10-00139-S                                        20303400                  Fixed                              Interest In Arrears                                    $ 27,013.00                                 $ 26,814.35                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421768                  2005-03-11-00454-S                                        20303558                  Fixed                              Interest In Arrears                                    $ 24,980.00                                 $ 24,782.16                  00/00/0000                                             8.670
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421760                  2005-03-11-00703-S                                        20303566                  Fixed                              Interest In Arrears                                    $ 28,000.00                                 $ 27,836.33                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421755                  2005-03-11-00820-S                                        20303590                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,824.50                  00/00/0000                                            12.240
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421747                  2005-03-11-01036-S                                        20303632                  Fixed                              Interest In Arrears                                    $ 31,000.00                                 $ 30,828.98                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422598                  2005-03-14-00400-S                                        20303715                  Fixed                              Interest In Arrears                                    $ 52,400.00                                 $ 52,093.74                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421874                  2005-03-18-00047-S                                        20304085                  Fixed                              Interest In Arrears                                    $ 24,380.00                                 $ 24,245.49                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421785                  2005-03-21-00010-S                                        20304176                  Fixed                              Interest In Arrears                                    $ 25,998.00                                 $ 25,854.58                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422585                  2004-09-29-00173                                          20304853                  Arm                                Interest In Arrears                                   $ 172,800.00                                $ 170,770.69                  00/00/0000                                             5.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422582                  2004-10-21-00520                                          20304861                  Arm                                Interest In Arrears                                   $ 134,400.00                                $ 133,699.79                  00/00/0000                                             8.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422581                  2004-11-22-01041                                          20304887                  Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,318.89                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422580                  2004-12-09-00523                                          20304911                  Fixed                              Interest Only                                          $ 88,800.00                                 $ 88,800.00                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422578                  2004-12-14-00628                                          20304937                  Arm                                Interest In Arrears                                    $ 40,000.00                                 $ 39,950.85                  00/00/0000                                            10.400
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422577                  2004-12-14-01064                                          20304945                  Arm                                Interest In Arrears                                   $ 249,320.00                                $ 246,841.50                  00/00/0000                                             5.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422576                  2004-12-14-01088                                          20304952                  Arm                                Interest Only                                         $ 149,125.00                                $ 149,124.20                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422572                  2004-12-21-00482                                          20304986                  Arm                                Interest In Arrears                                   $ 141,600.00                                $ 140,790.89                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422571                  2004-12-21-00639                                          20304994                  Arm                                Interest In Arrears                                    $ 82,500.00                                 $ 82,169.00                  00/00/0000                                             8.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422570                  2004-12-22-00330                                          20305009                  Arm                                Interest In Arrears                                   $ 420,750.00                                $ 418,921.07                  00/00/0000                                             7.700
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422567                  2005-01-03-00244                                          20305033                  Arm                                Interest In Arrears                                    $ 48,000.00                                 $ 47,809.34                  00/00/0000                                             8.150
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422566                  2005-01-03-00661                                          20305041                  Arm                                Interest In Arrears                                    $ 63,000.00                                 $ 62,834.14                  00/00/0000                                             9.250
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422565                  2005-01-04-00274                                          20305058                  Arm                                Interest In Arrears                                   $ 194,471.00                                $ 193,582.38                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422564                  2005-01-04-00835                                          20305074                  Arm                                Interest In Arrears                                    $ 88,000.00                                 $ 87,486.11                  00/00/0000                                             7.000
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422563                  2005-01-05-01260                                          20305082                  Arm                                Interest Only                                         $ 319,200.00                                $ 319,195.39                  00/00/0000                                             5.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422560                  2005-01-07-01083                                          20305108                  Arm                                Interest Only                                         $ 248,000.00                                $ 248,000.00                  00/00/0000                                             7.000
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422559                  2005-01-10-00407                                          20305116                  Arm                                Interest Only                                         $ 252,000.00                                $ 251,993.50                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333417738                  2005-01-11-00378                                          20305124                  Arm                                Interest Only                                         $ 190,400.00                                $ 190,400.00                  00/00/0000                                             5.250
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422558                  2005-01-11-00836                                          20305132                  Arm                                Interest In Arrears                                    $ 52,986.00                                 $ 52,804.33                  00/00/0000                                             8.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422557                  2005-01-11-01067                                          20305140                  Arm                                Interest In Arrears                                    $ 96,000.00                                 $ 95,489.27                  00/00/0000                                             5.700
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333417952                  2005-01-13-00785                                          20305173                  Arm                                Interest Only                                         $ 369,000.00                                $ 368,999.99                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422554                  2005-01-13-00963                                          20305207                  Arm                                Interest Only                                         $ 344,000.00                                $ 344,000.00                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422553                  2005-01-13-01111                                          20305215                  Arm                                Interest In Arrears                                   $ 140,250.00                                $ 139,615.64                  00/00/0000                                             7.500
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422552                  2005-01-14-00175                                          20305223                  Arm                                Interest In Arrears                                    $ 88,000.00                                 $ 87,732.35                  00/00/0000                                             9.450
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422550                  2005-01-14-00584                                          20305231                  Arm                                Interest Only                                         $ 112,000.00                                $ 111,936.32                  00/00/0000                                             5.600
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422549                  2005-01-17-00347                                          20305249                  Fixed                              Interest In Arrears                                   $ 276,000.00                                $ 274,362.01                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333417850                  2005-01-18-00288                                          20305256                  Arm                                Interest Only                                         $ 240,000.00                                $ 240,000.00                  00/00/0000                                             5.675
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422548                  2005-01-19-00306                                          20305306                  Arm                                Interest In Arrears                                   $ 139,988.00                                $ 139,316.25                  00/00/0000                                             7.200
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422546                  2005-01-19-00583                                          20305314                  Arm                                Interest In Arrears                                    $ 52,000.00                                 $ 51,910.41                  00/00/0000                                             8.800
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422544                  2005-01-20-00346                                          20305330                  Fixed                              Interest In Arrears                                    $ 50,000.00                                 $ 49,375.55                  00/00/0000                                             9.800
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333418014                  2005-01-21-00451                                          20305355                  Arm                                Interest In Arrears                                   $ 225,000.00                                $ 223,419.98                  00/00/0000                                             5.200
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333417721                  2005-01-21-00478                                          20305363                  Arm                                Interest Only                                         $ 268,000.00                                $ 267,223.31                  00/00/0000                                             5.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422542                  2005-01-21-00768                                          20305389                  Arm                                Interest In Arrears                                   $ 180,000.00                                $ 179,277.81                  00/00/0000                                             8.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422539                  2005-01-21-01014                                          20305397                  Arm                                Interest Only                                         $ 142,400.00                                $ 142,400.00                  00/00/0000                                             7.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422537                  2005-01-24-00385                                          20305413                  Arm                                Interest In Arrears                                   $ 108,800.00                                $ 108,326.34                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422536                  2005-01-24-01187                                          20305447                  Arm                                Interest Only                                         $ 315,000.00                                $ 315,000.00                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422535                  2005-01-25-00846                                          20305470                  Arm                                Interest Only                                         $ 304,000.00                                $ 304,000.00                  00/00/0000                                             7.600
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422534                  2005-01-25-00851                                          20305488                  Arm                                Interest In Arrears                                   $ 164,900.00                                $ 164,388.19                  00/00/0000                                             8.450
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422533                  2005-01-25-01176                                          20305496                  Arm                                Interest Only                                         $ 192,000.00                                $ 192,000.00                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333417572                  2005-01-26-00070                                          20305504                  Arm                                Interest In Arrears                                    $ 84,800.00                                 $ 84,575.34                  00/00/0000                                            10.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422532                  2005-01-26-00583                                          20305512                  Arm                                Interest In Arrears                                    $ 80,175.00                                 $ 79,779.49                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333417567                  2005-01-26-00820                                          20305520                  Arm                                Interest Only                                         $ 320,400.00                                $ 320,400.00                  00/00/0000                                             5.990
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422531                  2005-01-27-00067                                          20305546                  Arm                                Interest In Arrears                                    $ 80,750.00                                 $ 80,451.22                  00/00/0000                                             8.500
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422528                  2005-01-27-00389                                          20305561                  Arm                                Interest Only                                         $ 160,000.00                                $ 160,000.00                  00/00/0000                                             5.750
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422527                  2005-01-27-00914                                          20305587                  Arm                                Interest Only                                         $ 300,000.00                                $ 300,000.00                  00/00/0000                                             7.000
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422526                  2005-01-27-00930                                          20305595                  Arm                                Interest In Arrears                                    $ 52,800.00                                 $ 52,602.63                  00/00/0000                                             8.450
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333417936                  2005-01-28-00309                                          20305603                  Arm                                Interest In Arrears                                   $ 124,000.00                                $ 123,344.72                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333417520                  2005-01-28-00415                                          20305611                  Arm                                Interest Only                                         $ 164,000.00                                $ 163,786.53                  00/00/0000                                             5.800
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422525                  2005-01-28-00429                                          20305629                  Arm                                Interest In Arrears                                    $ 51,654.00                                 $ 51,422.69                  00/00/0000                                             7.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333417763                  2005-01-28-00580                                          20305637                  Arm                                Interest In Arrears                                   $ 105,000.00                                $ 104,449.89                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422524                  2005-01-28-00622                                          20305645                  Arm                                Interest In Arrears                                    $ 72,250.00                                 $ 72,045.51                  00/00/0000                                             8.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333417699                  2005-01-28-00847                                          20305660                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,824.22                  00/00/0000                                             8.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333417556                  2005-01-29-00203                                          20305678                  Arm                                Interest In Arrears                                   $ 143,200.00                                $ 142,325.69                  00/00/0000                                             5.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422522                  2005-01-30-00040                                          20305686                  Arm                                Interest In Arrears                                    $ 65,600.00                                 $ 65,338.43                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422521                  2005-01-31-00167                                          20305694                  Arm                                Interest In Arrears                                   $ 174,997.00                                $ 174,517.70                  00/00/0000                                             9.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422520                  2005-01-31-00295                                          20305702                  Arm                                Interest Only                                         $ 140,000.00                                $ 139,999.17                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333417789                  2005-01-31-00302                                          20305710                  Arm                                Interest In Arrears                                   $ 242,236.00                                $ 240,742.88                  00/00/0000                                             5.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422519                  2005-01-31-01245                                          20305751                  Arm                                Interest In Arrears                                   $ 141,440.00                                $ 140,962.95                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333417586                  2005-01-31-01253                                          20305769                  Arm                                Interest In Arrears                                   $ 263,000.00                                $ 261,348.19                  00/00/0000                                             5.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422516                  2005-01-31-01270                                          20305777                  Arm                                Interest In Arrears                                   $ 160,000.00                                $ 159,363.21                  00/00/0000                                             8.140
MILA                                  Chase                            US Bank                                 MLA0415                                  333422514                  2005-02-01-00622                                          20305819                  Arm                                Interest In Arrears                                    $ 59,200.00                                 $ 58,968.57                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422513                  2005-02-01-00771                                          20305827                  Arm                                Interest Only                                         $ 303,920.00                                $ 303,920.00                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333422511                  2005-02-01-01172                                          20305876                  Arm                                Interest Only                                         $ 172,000.00                                $ 172,000.00                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333422510                  2005-02-01-01197                                          20305884                  Arm                                Interest In Arrears                                   $ 104,500.00                                $ 104,132.64                  00/00/0000                                             8.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333417702                  2005-02-01-01294                                          20305892                  Arm                                Interest In Arrears                                   $ 138,400.00                                $ 137,649.72                  00/00/0000                                             5.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422509                  2005-02-01-01373                                          20305918                  Arm                                Interest Only                                         $ 170,000.00                                $ 169,574.26                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333422507                  2005-02-02-00579                                          20305942                  Fixed                              Interest In Arrears                                    $ 65,600.00                                 $ 65,306.23                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422505                  2005-02-02-01089                                          20305983                  Arm                                Interest In Arrears                                   $ 104,080.00                                $ 103,568.43                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422504                  2005-02-02-01220                                          20305991                  Arm                                Interest Only                                          $ 70,400.00                                 $ 70,400.00                  00/00/0000                                             8.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333417579                  2005-02-02-01250                                          20306007                  Arm                                Interest In Arrears                                   $ 306,000.00                                $ 304,235.12                  00/00/0000                                             6.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422503                  2005-02-03-00071                                          20306023                  Arm                                Interest In Arrears                                    $ 67,920.00                                 $ 67,643.86                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422502                  2005-02-03-00129                                          20306031                  Arm                                Interest In Arrears                                    $ 63,750.00                                 $ 63,569.80                  00/00/0000                                             9.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422501                  2005-02-03-00306                                          20306049                  Arm                                Interest In Arrears                                    $ 56,800.00                                 $ 56,614.54                  00/00/0000                                             8.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422499                  2005-02-03-00324                                          20306056                  Arm                                Interest In Arrears                                    $ 61,180.00                                 $ 61,030.18                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422498                  2005-02-03-01013                                          20306072                  Arm                                Interest Only                                         $ 368,000.00                                $ 368,000.00                  00/00/0000                                             6.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333422497                  2005-02-03-01033                                          20306080                  Arm                                Interest Only                                          $ 75,520.00                                 $ 75,520.00                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333417891                  2005-02-03-01312                                          20306106                  Arm                                Interest Only                                         $ 279,000.00                                $ 279,000.00                  00/00/0000                                             5.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333417933                  2005-02-04-00009                                          20306122                  Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,302.38                  00/00/0000                                             5.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333418045                  2005-02-04-00081                                          20306148                  Arm                                Interest Only                                         $ 113,500.00                                $ 113,500.00                  00/00/0000                                             6.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333422494                  2005-02-04-00511                                          20306163                  Arm                                Interest In Arrears                                   $ 265,500.00                                $ 264,097.23                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422493                  2005-02-04-00524                                          20306171                  Arm                                Interest Only                                         $ 216,800.00                                $ 216,800.00                  00/00/0000                                             8.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422492                  2005-02-04-00670                                          20306189                  Arm                                Interest In Arrears                                    $ 55,200.00                                 $ 55,035.50                  00/00/0000                                             8.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422491                  2005-02-04-00761                                          20306197                  Arm                                Interest Only                                         $ 286,360.00                                $ 286,354.98                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422490                  2005-02-04-00899                                          20306205                  Arm                                Interest In Arrears                                   $ 328,000.00                                $ 326,599.51                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333417647                  2005-02-04-01109                                          20306213                  Arm                                Interest In Arrears                                   $ 172,400.00                                $ 171,271.54                  00/00/0000                                             5.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422489                  2005-02-07-00069                                          20306239                  Arm                                Interest In Arrears                                   $ 142,500.00                                $ 141,956.45                  00/00/0000                                             8.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333417665                  2005-02-07-00233                                          20306247                  Arm                                Interest In Arrears                                   $ 118,720.00                                $ 117,994.96                  00/00/0000                                             5.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422488                  2005-02-07-00298                                          20306254                  Arm                                Interest In Arrears                                    $ 66,800.00                                 $ 66,556.35                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333417829                  2005-02-07-01112                                          20306288                  Arm                                Interest In Arrears                                    $ 59,900.00                                 $ 59,652.32                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333418065                  2005-02-07-01116                                          20306296                  Arm                                Interest Only                                         $ 200,250.00                                $ 200,250.00                  00/00/0000                                             6.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333417658                  2005-02-07-01152                                          20306312                  Arm                                Interest In Arrears                                   $ 130,500.00                                $ 129,903.26                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422487                  2005-02-07-01222                                          20306320                  Arm                                Interest In Arrears                                    $ 73,600.00                                 $ 73,280.07                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333417552                  2005-02-07-01235                                          20306338                  Arm                                Interest In Arrears                                   $ 330,000.00                                $ 327,907.84                  00/00/0000                                             5.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333417929                  2005-02-07-01305                                          20306346                  Arm                                Interest In Arrears                                    $ 86,400.00                                 $ 85,906.42                  00/00/0000                                             6.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422486                  2005-02-07-01314                                          20306353                  Arm                                Interest Only                                         $ 396,000.00                                $ 396,000.00                  00/00/0000                                             6.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422483                  2005-02-08-00682                                          20306361                  Arm                                Interest Only                                         $ 204,000.00                                $ 204,000.00                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422481                  2005-02-08-00788                                          20306387                  Arm                                Interest Only                                         $ 127,200.00                                $ 127,199.60                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422480                  2005-02-08-00873                                          20306403                  Arm                                Interest Only                                         $ 189,484.00                                $ 189,460.38                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333422478                  2005-02-08-01089                                          20306437                  Arm                                Interest In Arrears                                   $ 290,000.00                                $ 288,910.36                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422477                  2005-02-08-01394                                          20306460                  Arm                                Interest In Arrears                                    $ 84,000.00                                 $ 83,881.47                  00/00/0000                                             9.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422476                  2005-02-09-00316                                          20306494                  Arm                                Interest In Arrears                                   $ 254,600.00                                $ 253,609.04                  00/00/0000                                             8.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422475                  2005-02-09-00610                                          20306502                  Arm                                Interest In Arrears                                   $ 113,000.00                                $ 112,483.80                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333422472                  2005-02-09-01024                                          20306544                  Arm                                Interest Only                                         $ 136,000.00                                $ 136,000.00                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422471                  2005-02-10-00257                                          20306569                  Arm                                Interest In Arrears                                   $ 161,360.00                                $ 160,615.59                  00/00/0000                                             6.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333422469                  2005-02-10-00286                                          20306577                  Arm                                Interest In Arrears                                   $ 201,875.00                                $ 200,925.59                  00/00/0000                                             6.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422468                  2005-02-10-00380                                          20306593                  Arm                                Interest In Arrears                                   $ 151,500.00                                $ 150,939.51                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422467                  2005-02-10-00397                                          20306601                  Arm                                Interest In Arrears                                   $ 100,800.00                                $ 100,542.79                  00/00/0000                                             9.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333422466                  2005-02-10-00418                                          20306619                  Arm                                Interest Only                                         $ 211,565.00                                $ 211,565.00                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422463                  2005-02-10-00728                                          20306635                  Arm                                Interest In Arrears                                    $ 57,000.00                                 $ 56,857.36                  00/00/0000                                             9.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422461                  2005-02-10-00804                                          20306643                  Arm                                Interest In Arrears                                   $ 146,042.00                                $ 145,469.29                  00/00/0000                                             8.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422460                  2005-02-10-00901                                          20306650                  Arm                                Interest In Arrears                                   $ 178,415.00                                $ 177,757.83                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422456                  2005-02-10-01255                                          20306692                  Arm                                Interest In Arrears                                   $ 186,872.00                                $ 185,981.50                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422455                  2005-02-10-01347                                          20306700                  Arm                                Interest In Arrears                                   $ 375,000.00                                $ 373,429.80                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422454                  2005-02-11-00224                                          20306726                  Arm                                Interest In Arrears                                   $ 114,171.00                                $ 113,900.29                  00/00/0000                                             9.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422453                  2005-02-11-00671                                          20306742                  Arm                                Interest Only                                         $ 295,200.00                                $ 295,197.45                  00/00/0000                                             6.575
MILA                                  Chase                            US Bank                                 MLA0415                                  333422447                  2005-02-11-00962                                          20306775                  Arm                                Interest In Arrears                                    $ 72,000.00                                 $ 71,839.79                  00/00/0000                                            10.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333422446                  2005-02-12-00164                                          20306791                  Arm                                Interest In Arrears                                    $ 91,788.00                                 $ 91,627.77                  00/00/0000                                            10.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333422445                  2005-02-13-00065                                          20306817                  Arm                                Interest In Arrears                                    $ 87,216.00                                 $ 87,048.48                  00/00/0000                                             9.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422444                  2005-02-13-00095                                          20306825                  Arm                                Interest In Arrears                                    $ 75,900.00                                 $ 75,657.14                  00/00/0000                                             8.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422442                  2005-02-14-00207                                          20306841                  Arm                                Interest In Arrears                                   $ 127,500.00                                $ 126,960.87                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422441                  2005-02-14-00282                                          20306858                  Arm                                Interest In Arrears                                   $ 126,400.00                                $ 126,133.27                  00/00/0000                                            10.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422439                  2005-02-14-00377                                          20306866                  Arm                                Interest In Arrears                                   $ 232,000.00                                $ 231,136.88                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422438                  2005-02-14-00456                                          20306882                  Arm                                Interest In Arrears                                   $ 111,600.00                                $ 111,272.19                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422437                  2005-02-14-00708                                          20306890                  Arm                                Interest In Arrears                                    $ 96,000.00                                 $ 95,621.00                  00/00/0000                                             7.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422435                  2005-02-14-00712                                          20306908                  Arm                                Interest In Arrears                                   $ 155,000.00                                $ 154,305.05                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422434                  2005-02-14-00798                                          20306932                  Arm                                Interest In Arrears                                   $ 116,000.00                                $ 115,482.60                  00/00/0000                                             6.625
MILA                                  Chase                            US Bank                                 MLA0415                                  333422433                  2005-02-14-00900                                          20306957                  Arm                                Interest Only                                         $ 325,200.00                                $ 325,199.08                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422431                  2005-02-14-01129                                          20306999                  Arm                                Interest Only                                         $ 149,200.00                                $ 149,200.00                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422430                  2005-02-14-01315                                          20307021                  Arm                                Interest Only                                         $ 224,800.00                                $ 224,800.00                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333422428                  2005-02-15-00049                                          20307039                  Arm                                Interest In Arrears                                    $ 60,800.00                                 $ 60,582.62                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422427                  2005-02-15-00102                                          20307047                  Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,597.34                  00/00/0000                                             7.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333422426                  2005-02-15-00426                                          20307054                  Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,878.16                  00/00/0000                                            10.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422425                  2005-02-15-00501                                          20307062                  Arm                                Interest In Arrears                                   $ 140,000.00                                $ 139,390.47                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422423                  2005-02-15-00773                                          20307070                  Arm                                Interest Only                                         $ 127,200.00                                $ 127,200.00                  00/00/0000                                             6.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422421                  2005-02-15-01073                                          20307096                  Arm                                Interest In Arrears                                   $ 315,000.00                                $ 313,744.12                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422420                  2005-02-15-01108                                          20307104                  Arm                                Interest Only                                         $ 248,000.00                                $ 248,000.00                  00/00/0000                                             6.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422419                  2005-02-15-01125                                          20307112                  Arm                                Interest In Arrears                                    $ 72,400.00                                 $ 72,065.21                  00/00/0000                                             6.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333417941                  2005-02-15-01164                                          20307138                  Arm                                Interest In Arrears                                   $ 147,000.00                                $ 146,274.87                  00/00/0000                                             6.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422417                  2005-02-15-01252                                          20307146                  Arm                                Interest In Arrears                                    $ 91,200.00                                 $ 90,919.81                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422415                  2005-02-15-01360                                          20307161                  Arm                                Interest In Arrears                                   $ 168,400.00                                $ 167,569.27                  00/00/0000                                             6.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422414                  2005-02-15-01429                                          20307187                  Arm                                Interest Only                                         $ 364,000.00                                $ 364,000.00                  00/00/0000                                             5.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422412                  2005-02-16-00137                                          20307203                  Arm                                Interest Only                                         $ 134,400.00                                $ 134,399.80                  00/00/0000                                             6.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333422411                  2005-02-16-00168                                          20307211                  Arm                                Interest In Arrears                                    $ 61,200.00                                 $ 61,090.36                  00/00/0000                                            10.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422410                  2005-02-16-00187                                          20307229                  Arm                                Interest In Arrears                                    $ 74,560.00                                 $ 74,290.81                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422409                  2005-02-16-00220                                          20307237                  Arm                                Interest In Arrears                                   $ 235,120.00                                $ 234,096.40                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422405                  2005-02-16-00223                                          20307245                  Arm                                Interest In Arrears                                   $ 107,200.00                                $ 106,728.72                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422403                  2005-02-16-00242                                          20307252                  Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,305.39                  00/00/0000                                             5.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422402                  2005-02-16-00333                                          20307260                  Arm                                Interest In Arrears                                   $ 215,000.00                                $ 214,223.71                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422401                  2005-02-16-00430                                          20307286                  Arm                                Interest Only                                         $ 101,600.00                                $ 101,600.00                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422399                  2005-02-16-00538                                          20307294                  Arm                                Interest Only                                         $ 165,400.00                                $ 165,400.00                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422398                  2005-02-16-00708                                          20307310                  Arm                                Interest In Arrears                                    $ 88,640.00                                 $ 88,310.56                  00/00/0000                                             6.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333422397                  2005-02-16-01084                                          20307344                  Arm                                Interest In Arrears                                    $ 60,000.00                                 $ 59,873.39                  00/00/0000                                            10.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422396                  2005-02-16-01125                                          20307351                  Arm                                Interest Only                                         $ 382,400.00                                $ 382,400.00                  00/00/0000                                             6.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422393                  2005-02-16-01154                                          20307369                  Arm                                Interest Only                                         $ 220,000.00                                $ 219,999.33                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422391                  2005-02-16-01199                                          20307377                  Arm                                Interest In Arrears                                   $ 150,016.00                                $ 149,240.07                  00/00/0000                                             5.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333422390                  2005-02-16-01204                                          20307385                  Arm                                Interest Only                                         $ 252,000.00                                $ 252,000.00                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422389                  2005-02-16-01232                                          20307393                  Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,573.02                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333422388                  2005-02-16-01245                                          20307401                  Arm                                Interest In Arrears                                   $ 102,400.00                                $ 101,975.39                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422386                  2005-02-17-00031                                          20307419                  Arm                                Interest Only                                         $ 250,000.00                                $ 250,000.00                  00/00/0000                                             5.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422385                  2005-02-17-00166                                          20307450                  Arm                                Interest In Arrears                                   $ 107,120.00                                $ 106,893.94                  00/00/0000                                            10.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333417935                  2005-02-17-00236                                          20307468                  Arm                                Interest Only                                         $ 222,800.00                                $ 222,800.00                  00/00/0000                                             5.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422383                  2005-02-17-00370                                          20307484                  Arm                                Interest In Arrears                                   $ 169,150.00                                $ 168,545.33                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422382                  2005-02-17-00376                                          20307492                  Arm                                Interest Only                                         $ 138,400.00                                $ 138,400.00                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422381                  2005-02-17-00412                                          20307518                  Arm                                Interest In Arrears                                   $ 264,007.00                                $ 262,788.96                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333422380                  2005-02-17-00437                                          20307526                  Arm                                Interest In Arrears                                   $ 260,000.00                                $ 258,336.38                  00/00/0000                                             4.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422378                  2005-02-17-00518                                          20307542                  Arm                                Interest In Arrears                                    $ 84,800.00                                 $ 84,639.82                  00/00/0000                                             9.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422377                  2005-02-17-00644                                          20307559                  Arm                                Interest In Arrears                                   $ 191,600.00                                $ 191,140.93                  00/00/0000                                             9.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422376                  2005-02-17-00669                                          20307567                  Arm                                Interest In Arrears                                   $ 115,400.00                                $ 115,050.72                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333422371                  2005-02-17-00708                                          20307583                  Arm                                Interest In Arrears                                   $ 233,750.00                                $ 233,039.18                  00/00/0000                                             8.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422368                  2005-02-17-00748                                          20307609                  Arm                                Interest In Arrears                                    $ 72,800.00                                 $ 72,635.94                  00/00/0000                                             9.990
MILA                                  Chase                            US Bank                                 MLA0415                                  333422367                  2005-02-17-00838                                          20307617                  Arm                                Interest In Arrears                                   $ 351,500.00                                $ 350,230.80                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333417566                  2005-02-17-00846                                          20307625                  Arm                                Interest In Arrears                                   $ 114,400.00                                $ 113,808.31                  00/00/0000                                             5.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333422366                  2005-02-17-00891                                          20307633                  Arm                                Interest Only                                         $ 160,000.00                                $ 160,000.00                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422364                  2005-02-17-00990                                          20307641                  Arm                                Interest Only                                         $ 130,400.00                                $ 130,400.00                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422361                  2005-02-17-01046                                          20307674                  Arm                                Interest In Arrears                                    $ 75,000.00                                 $ 74,718.20                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422359                  2005-02-17-01334                                          20307690                  Arm                                Interest In Arrears                                    $ 64,800.00                                 $ 64,539.10                  00/00/0000                                             7.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333422358                  2005-02-17-01340                                          20307708                  Arm                                Interest In Arrears                                   $ 115,000.00                                $ 114,453.58                  00/00/0000                                             6.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422357                  2005-02-18-00035                                          20307732                  Arm                                Interest Only                                          $ 62,400.00                                 $ 62,400.00                  00/00/0000                                             8.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422356                  2005-02-18-00327                                          20307757                  Arm                                Interest In Arrears                                   $ 115,561.00                                $ 115,414.38                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422355                  2005-02-18-00357                                          20307765                  Arm                                Interest In Arrears                                   $ 160,000.00                                $ 159,174.88                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422354                  2005-02-18-00434                                          20307773                  Arm                                Interest Only                                         $ 106,400.00                                $ 106,400.00                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422353                  2005-02-18-00472                                          20307807                  Arm                                Interest In Arrears                                   $ 204,000.00                                $ 203,400.77                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422352                  2005-02-18-00510                                          20307815                  Arm                                Interest In Arrears                                   $ 348,500.00                                $ 346,777.76                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333422350                  2005-02-18-00559                                          20307823                  Arm                                Interest In Arrears                                   $ 273,600.00                                $ 272,420.36                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422349                  2005-02-18-00569                                          20307831                  Arm                                Interest In Arrears                                    $ 62,000.00                                 $ 61,825.59                  00/00/0000                                             8.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422347                  2005-02-18-00601                                          20307849                  Arm                                Interest In Arrears                                    $ 84,000.00                                 $ 83,585.60                  00/00/0000                                             6.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422345                  2005-02-18-00796                                          20307864                  Arm                                Interest Only                                          $ 68,800.00                                 $ 68,800.00                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422344                  2005-02-18-00911                                          20307880                  Arm                                Interest In Arrears                                   $ 161,000.00                                $ 160,312.56                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333422343                  2005-02-18-00954                                          20307906                  Arm                                Interest In Arrears                                   $ 106,250.00                                $ 105,950.16                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422342                  2005-02-18-01104                                          20307930                  Arm                                Interest Only                                         $ 111,960.00                                $ 111,960.00                  00/00/0000                                             5.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333422339                  2005-02-20-00037                                          20307963                  Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,726.19                  00/00/0000                                             7.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333422338                  2005-02-20-00066                                          20307971                  Arm                                Interest In Arrears                                    $ 89,440.00                                 $ 88,792.05                  00/00/0000                                             5.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422337                  2005-02-21-00127                                          20307997                  Arm                                Interest In Arrears                                    $ 61,600.00                                 $ 61,368.53                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422336                  2005-02-21-00144                                          20308003                  Arm                                Interest In Arrears                                   $ 264,600.00                                $ 263,585.86                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333422335                  2005-02-21-00367                                          20308052                  Arm                                Interest In Arrears                                    $ 89,600.00                                 $ 89,289.18                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422334                  2005-02-21-00635                                          20308094                  Arm                                Interest In Arrears                                    $ 76,000.00                                 $ 75,572.83                  00/00/0000                                             5.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333422333                  2005-02-21-00671                                          20308110                  Arm                                Interest Only                                         $ 260,000.00                                $ 260,000.00                  00/00/0000                                             8.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422331                  2005-02-21-00757                                          20308136                  Arm                                Interest Only                                         $ 102,400.00                                $ 102,397.97                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422330                  2005-02-21-00794                                          20308144                  Arm                                Interest In Arrears                                    $ 50,400.00                                 $ 50,226.93                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422328                  2005-02-21-00821                                          20308151                  Arm                                Interest In Arrears                                    $ 89,760.00                                 $ 89,384.17                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422327                  2005-02-21-00862                                          20308169                  Arm                                Interest In Arrears                                   $ 115,920.00                                $ 115,672.76                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422326                  2005-02-21-00884                                          20308177                  Arm                                Interest In Arrears                                   $ 100,800.00                                $ 100,585.00                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422325                  2005-02-21-00899                                          20308185                  Arm                                Interest In Arrears                                    $ 92,400.00                                 $ 92,052.84                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422324                  2005-02-21-00903                                          20308193                  Arm                                Interest In Arrears                                    $ 83,760.00                                 $ 83,445.96                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422323                  2005-02-21-00930                                          20308201                  Arm                                Interest In Arrears                                    $ 65,600.00                                 $ 65,346.05                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422322                  2005-02-21-01009                                          20308219                  Arm                                Interest In Arrears                                   $ 218,500.00                                $ 217,918.84                  00/00/0000                                             9.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422320                  2005-02-21-01116                                          20308243                  Arm                                Interest Only                                          $ 87,600.00                                 $ 87,600.00                  00/00/0000                                             7.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333422319                  2005-02-21-01124                                          20308250                  Arm                                Interest In Arrears                                    $ 97,600.00                                 $ 97,345.74                  00/00/0000                                             9.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422317                  2005-02-22-00086                                          20308268                  Arm                                Interest In Arrears                                    $ 52,000.00                                 $ 51,889.10                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422316                  2005-02-22-00124                                          20308276                  Arm                                Interest In Arrears                                    $ 83,700.00                                 $ 83,463.03                  00/00/0000                                             8.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422315                  2005-02-22-00140                                          20308284                  Arm                                Interest In Arrears                                    $ 56,000.00                                 $ 55,841.38                  00/00/0000                                             8.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422313                  2005-02-22-00224                                          20308292                  Arm                                Interest In Arrears                                    $ 60,000.00                                 $ 59,783.34                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422312                  2005-02-22-00270                                          20308300                  Fixed                              Interest In Arrears                                    $ 88,500.00                                 $ 88,033.56                  00/00/0000                                             5.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422311                  2005-02-22-00400                                          20308326                  Arm                                Interest Only                                          $ 56,000.00                                 $ 56,000.00                  00/00/0000                                             6.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422309                  2005-02-22-00432                                          20308334                  Arm                                Interest In Arrears                                    $ 72,650.00                                 $ 72,390.31                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422308                  2005-02-22-00459                                          20308342                  Arm                                Interest In Arrears                                   $ 183,200.00                                $ 182,564.47                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422306                  2005-02-22-00536                                          20308367                  Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,750.87                  00/00/0000                                             9.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422304                  2005-02-22-00731                                          20308391                  Arm                                Interest In Arrears                                   $ 128,000.00                                $ 127,481.59                  00/00/0000                                             5.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422303                  2005-02-22-00732                                          20308409                  Arm                                Interest In Arrears                                   $ 325,000.00                                $ 323,665.50                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333422302                  2005-02-22-00783                                          20308417                  Arm                                Interest In Arrears                                   $ 264,000.00                                $ 262,940.86                  00/00/0000                                             6.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422301                  2005-02-22-00882                                          20308425                  Arm                                Interest Only                                         $ 113,520.00                                $ 113,520.00                  00/00/0000                                             8.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422300                  2005-02-22-00884                                          20308433                  Arm                                Interest In Arrears                                    $ 69,600.00                                 $ 69,351.12                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422299                  2005-02-22-00917                                          20308441                  Arm                                Interest In Arrears                                    $ 85,000.00                                 $ 84,817.96                  00/00/0000                                             9.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333422298                  2005-02-22-00922                                          20308458                  Arm                                Interest In Arrears                                    $ 86,400.00                                 $ 86,141.79                  00/00/0000                                             8.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422294                  2005-02-22-01222                                          20308482                  Arm                                Interest Only                                         $ 200,000.00                                $ 199,983.33                  00/00/0000                                             6.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422292                  2005-02-22-01241                                          20308490                  Arm                                Interest Only                                         $ 273,596.00                                $ 273,596.00                  00/00/0000                                             5.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422290                  2005-02-22-01259                                          20308508                  Arm                                Interest Only                                         $ 228,000.00                                $ 228,000.00                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422289                  2005-02-22-01274                                          20308516                  Arm                                Interest Only                                         $ 312,300.00                                $ 312,300.00                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422288                  2005-02-22-01280                                          20308524                  Arm                                Interest In Arrears                                   $ 162,055.00                                $ 161,356.28                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422287                  2005-02-22-01335                                          20308532                  Arm                                Interest In Arrears                                   $ 155,700.00                                $ 155,245.53                  00/00/0000                                             8.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422283                  2005-02-22-01513                                          20308565                  Arm                                Interest In Arrears                                   $ 152,320.00                                $ 151,995.14                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422282                  2005-02-23-00080                                          20308573                  Arm                                Interest In Arrears                                    $ 64,800.00                                 $ 64,641.43                  00/00/0000                                             9.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422281                  2005-02-23-00116                                          20308599                  Arm                                Interest In Arrears                                   $ 128,800.00                                $ 128,222.74                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422278                  2005-02-23-00246                                          20308615                  Arm                                Interest In Arrears                                   $ 122,734.00                                $ 122,460.85                  00/00/0000                                            10.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333422277                  2005-02-23-00404                                          20308631                  Arm                                Interest In Arrears                                   $ 111,638.00                                $ 111,230.84                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422276                  2005-02-23-00541                                          20308664                  Arm                                Interest In Arrears                                   $ 154,088.00                                $ 153,224.22                  00/00/0000                                             5.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422274                  2005-02-23-00548                                          20308672                  Arm                                Interest In Arrears                                   $ 124,450.00                                $ 124,005.96                  00/00/0000                                             9.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422272                  2005-02-23-00634                                          20308680                  Fixed                              Interest In Arrears                                   $ 251,250.00                                $ 250,077.66                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333417974                  2005-02-23-00882                                          20308706                  Arm                                Interest Only                                         $ 350,400.00                                $ 350,400.00                  00/00/0000                                             5.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333422271                  2005-02-23-00915                                          20308714                  Arm                                Interest In Arrears                                   $ 117,534.00                                $ 117,041.87                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422269                  2005-02-23-00969                                          20308722                  Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,668.19                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422267                  2005-02-23-00990                                          20308730                  Arm                                Interest In Arrears                                   $ 199,500.00                                $ 198,935.25                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333418031                  2005-02-23-00999                                          20308748                  Arm                                Interest In Arrears                                   $ 108,656.00                                $ 108,098.76                  00/00/0000                                             5.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422266                  2005-02-23-01015                                          20308755                  Arm                                Interest In Arrears                                   $ 376,000.00                                $ 374,363.04                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333417625                  2005-02-23-01033                                          20308763                  Arm                                Interest In Arrears                                   $ 283,950.00                                $ 282,575.71                  00/00/0000                                             6.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422264                  2005-02-23-01044                                          20308771                  Arm                                Interest In Arrears                                   $ 165,600.00                                $ 165,203.23                  00/00/0000                                             9.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422263                  2005-02-23-01219                                          20308813                  Arm                                Interest Only                                         $ 132,000.00                                $ 132,000.00                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333422260                  2005-02-23-01244                                          20308821                  Arm                                Interest In Arrears                                    $ 79,600.00                                 $ 79,243.24                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422259                  2005-02-23-01300                                          20308839                  Arm                                Interest In Arrears                                   $ 160,000.00                                $ 159,616.61                  00/00/0000                                             9.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422257                  2005-02-23-01343                                          20308862                  Arm                                Interest In Arrears                                   $ 184,000.00                                $ 183,511.15                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422256                  2005-02-23-01371                                          20308870                  Arm                                Interest In Arrears                                   $ 126,400.00                                $ 125,860.29                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333422254                  2005-02-24-00018                                          20308888                  Arm                                Interest In Arrears                                   $ 192,000.00                                $ 191,462.18                  00/00/0000                                             8.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422253                  2005-02-24-00258                                          20308920                  Arm                                Interest Only                                         $ 310,752.00                                $ 310,752.00                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422252                  2005-02-24-00298                                          20308938                  Arm                                Interest In Arrears                                   $ 111,600.00                                $ 111,042.84                  00/00/0000                                             6.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333422249                  2005-02-24-00325                                          20308946                  Arm                                Interest In Arrears                                   $ 132,600.00                                $ 132,130.42                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422248                  2005-02-24-00439                                          20308953                  Arm                                Interest Only                                         $ 132,000.00                                $ 132,000.00                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422247                  2005-02-24-00441                                          20308979                  Arm                                Interest In Arrears                                    $ 82,400.00                                 $ 82,214.68                  00/00/0000                                            10.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422246                  2005-02-24-00491                                          20308995                  Arm                                Interest Only                                         $ 284,762.00                                $ 284,762.00                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422245                  2005-02-24-00533                                          20309019                  Arm                                Interest Only                                         $ 190,400.00                                $ 190,400.00                  00/00/0000                                             5.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422242                  2005-02-24-00589                                          20309035                  Arm                                Interest Only                                          $ 69,600.00                                 $ 69,599.20                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422241                  2005-02-24-00598                                          20309043                  Arm                                Interest In Arrears                                   $ 137,600.00                                $ 136,989.22                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422238                  2005-02-24-00606                                          20309050                  Arm                                Interest In Arrears                                    $ 73,900.00                                 $ 73,672.95                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422237                  2005-02-24-00612                                          20309068                  Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,330.98                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422236                  2005-02-24-00649                                          20309076                  Arm                                Interest In Arrears                                    $ 54,400.00                                 $ 54,242.83                  00/00/0000                                             8.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422235                  2005-02-24-00651                                          20309092                  Arm                                Interest Only                                         $ 248,000.00                                $ 248,000.00                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422233                  2005-02-24-00873                                          20309126                  Arm                                Interest In Arrears                                    $ 48,995.10                                 $ 48,889.10                  00/00/0000                                             9.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422232                  2005-02-24-00893                                          20309134                  Arm                                Interest In Arrears                                    $ 67,600.00                                 $ 67,454.30                  00/00/0000                                            10.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422231                  2005-02-24-00910                                          20309142                  Arm                                Interest In Arrears                                   $ 150,944.00                                $ 150,622.06                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333417654                  2005-02-24-01037                                          20309167                  Arm                                Interest In Arrears                                   $ 200,000.00                                $ 198,993.57                  00/00/0000                                             6.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422230                  2005-02-24-01040                                          20309175                  Arm                                Interest Only                                         $ 336,391.00                                $ 336,391.00                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422228                  2005-02-24-01041                                          20309183                  Arm                                Interest In Arrears                                   $ 100,800.00                                $ 100,362.50                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422226                  2005-02-24-01183                                          20309217                  Arm                                Interest Only                                         $ 263,920.00                                $ 263,837.88                  00/00/0000                                             5.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422223                  2005-02-24-01206                                          20309225                  Arm                                Interest Only                                         $ 284,000.00                                $ 284,000.00                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422221                  2005-02-24-01285                                          20309233                  Arm                                Interest In Arrears                                   $ 167,450.00                                $ 166,824.35                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422220                  2005-02-25-00001                                          20309258                  Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,612.89                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422217                  2005-02-25-00085                                          20309274                  Arm                                Interest In Arrears                                   $ 109,650.00                                $ 109,217.09                  00/00/0000                                             7.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422216                  2005-02-25-00127                                          20309282                  Arm                                Interest Only                                         $ 244,000.00                                $ 244,000.00                  00/00/0000                                             6.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422214                  2005-02-25-00138                                          20309290                  Arm                                Interest In Arrears                                   $ 594,000.00                                $ 590,956.58                  00/00/0000                                             5.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422213                  2005-02-25-00162                                          20309308                  Arm                                Interest In Arrears                                   $ 124,000.00                                $ 123,534.06                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333417972                  2005-02-25-00202                                          20309324                  Arm                                Interest In Arrears                                    $ 74,800.00                                 $ 74,375.19                  00/00/0000                                             5.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422212                  2005-02-25-00268                                          20309332                  Arm                                Interest Only                                         $ 147,200.00                                $ 147,200.00                  00/00/0000                                             6.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333422211                  2005-02-25-00313                                          20309357                  Arm                                Interest In Arrears                                   $ 258,000.00                                $ 257,203.52                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422209                  2005-02-25-00399                                          20309373                  Arm                                Interest Only                                          $ 98,800.00                                 $ 98,800.00                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422208                  2005-02-25-00419                                          20309399                  Arm                                Interest In Arrears                                    $ 64,800.00                                 $ 64,664.69                  00/00/0000                                            10.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422206                  2005-02-25-00447                                          20309449                  Arm                                Interest Only                                         $ 186,102.00                                $ 186,102.00                  00/00/0000                                             6.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422204                  2005-02-25-00494                                          20309456                  Arm                                Interest In Arrears                                   $ 335,079.00                                $ 333,769.15                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422203                  2005-02-25-00527                                          20309464                  Arm                                Interest In Arrears                                   $ 121,022.00                                $ 120,474.29                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422202                  2005-02-25-00679                                          20309472                  Arm                                Interest In Arrears                                    $ 86,000.00                                 $ 85,621.94                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422193                  2005-02-25-01142                                          20309563                  Arm                                Interest Only                                         $ 200,000.00                                $ 200,000.00                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422191                  2005-02-26-00050                                          20309571                  Arm                                Interest In Arrears                                   $ 146,424.00                                $ 145,755.44                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422190                  2005-02-26-00138                                          20309605                  Arm                                Interest Only                                         $ 106,000.00                                $ 106,000.00                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422188                  2005-02-26-00140                                          20309613                  Arm                                Interest Only                                         $ 112,000.00                                $ 112,000.00                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422187                  2005-02-28-00066                                          20309639                  Arm                                Interest In Arrears                                   $ 214,400.00                                $ 213,633.56                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422183                  2005-02-28-00094                                          20309654                  Arm                                Interest In Arrears                                   $ 112,884.00                                $ 112,266.51                  00/00/0000                                             5.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333422180                  2005-02-28-00197                                          20309688                  Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,778.16                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422179                  2005-02-28-00267                                          20309704                  Arm                                Interest In Arrears                                   $ 102,800.00                                $ 102,348.07                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422178                  2005-02-28-00348                                          20309712                  Arm                                Interest In Arrears                                    $ 60,000.00                                 $ 59,857.25                  00/00/0000                                             8.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422177                  2005-02-28-00391                                          20309720                  Arm                                Interest In Arrears                                    $ 60,000.00                                 $ 59,857.75                  00/00/0000                                             9.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422176                  2005-02-28-00481                                          20309738                  Arm                                Interest Only                                         $ 359,200.00                                $ 359,200.00                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333422175                  2005-02-28-00486                                          20309746                  Arm                                Interest In Arrears                                    $ 71,000.00                                 $ 70,733.24                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422172                  2005-02-28-00502                                          20309753                  Arm                                Interest In Arrears                                    $ 96,800.00                                 $ 96,520.32                  00/00/0000                                             8.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422168                  2005-02-28-00530                                          20309795                  Arm                                Interest In Arrears                                   $ 294,500.00                                $ 293,492.93                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422167                  2005-02-28-00583                                          20309803                  Arm                                Interest In Arrears                                   $ 256,500.00                                $ 255,383.31                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422166                  2005-02-28-00673                                          20309829                  Arm                                Interest Only                                         $ 196,000.00                                $ 196,000.00                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422164                  2005-02-28-00715                                          20309845                  Arm                                Interest In Arrears                                   $ 191,500.00                                $ 190,526.55                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422161                  2005-02-28-00776                                          20309878                  Arm                                Interest In Arrears                                   $ 110,400.00                                $ 109,937.73                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422160                  2005-02-28-00782                                          20309886                  Arm                                Interest In Arrears                                   $ 142,000.00                                $ 141,706.39                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422159                  2005-02-28-00918                                          20309902                  Arm                                Interest In Arrears                                   $ 127,841.00                                $ 127,537.90                  00/00/0000                                             9.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422158                  2005-02-28-00946                                          20309910                  Arm                                Interest Only                                         $ 165,600.00                                $ 164,427.00                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422157                  2005-02-28-00975                                          20309936                  Arm                                Interest In Arrears                                    $ 67,896.00                                 $ 67,685.26                  00/00/0000                                             8.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333422156                  2005-02-28-00997                                          20309944                  Arm                                Interest Only                                         $ 228,474.00                                $ 228,474.00                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422153                  2005-02-28-01131                                          20309993                  Arm                                Interest In Arrears                                    $ 72,675.00                                 $ 71,390.92                  00/00/0000                                             8.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422150                  2005-02-28-01215                                          20310033                  Arm                                Interest Only                                         $ 220,800.00                                $ 220,800.00                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422148                  2005-02-28-01233                                          20310041                  Arm                                Interest In Arrears                                    $ 59,350.00                                 $ 59,146.10                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422147                  2005-02-28-01283                                          20310074                  Arm                                Interest In Arrears                                    $ 86,900.00                                 $ 86,632.99                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422146                  2005-02-28-01339                                          20310116                  Arm                                Interest In Arrears                                   $ 147,200.00                                $ 146,864.51                  00/00/0000                                             8.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333422145                  2005-03-01-00018                                          20310124                  Arm                                Interest In Arrears                                   $ 119,600.00                                $ 119,327.40                  00/00/0000                                             8.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333422142                  2005-03-01-00162                                          20310181                  Arm                                Interest In Arrears                                   $ 194,219.00                                $ 193,571.87                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422141                  2005-03-01-00236                                          20310199                  Arm                                Interest In Arrears                                    $ 70,560.00                                 $ 70,334.19                  00/00/0000                                             8.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422138                  2005-03-01-00352                                          20310207                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,856.78                  00/00/0000                                             8.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333422137                  2005-03-01-00427                                          20310231                  Arm                                Interest In Arrears                                    $ 59,880.00                                 $ 59,676.76                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422136                  2005-03-01-00455                                          20310249                  Arm                                Interest In Arrears                                    $ 70,400.00                                 $ 70,246.60                  00/00/0000                                            10.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333422135                  2005-03-01-00462                                          20310256                  Arm                                Interest Only                                         $ 296,000.00                                $ 296,000.00                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422134                  2005-03-01-00481                                          20310264                  Arm                                Interest In Arrears                                   $ 119,000.00                                $ 118,641.82                  00/00/0000                                             8.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422133                  2005-03-01-00487                                          20310272                  Arm                                Interest In Arrears                                   $ 151,200.00                                $ 150,566.87                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422131                  2005-03-01-00533                                          20310280                  Arm                                Interest In Arrears                                    $ 69,920.00                                 $ 69,637.81                  00/00/0000                                             5.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422130                  2005-03-01-00538                                          20310298                  Arm                                Interest In Arrears                                   $ 165,750.00                                $ 165,248.35                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333422128                  2005-03-01-00539                                          20310306                  Arm                                Interest Only                                         $ 229,896.00                                $ 229,896.00                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422127                  2005-03-01-00614                                          20310314                  Arm                                Interest Only                                         $ 240,000.00                                $ 240,000.00                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422126                  2005-03-01-00639                                          20310322                  Arm                                Interest In Arrears                                    $ 51,750.00                                 $ 51,639.98                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422124                  2005-03-01-00762                                          20310348                  Arm                                Interest Only                                         $ 227,160.00                                $ 227,160.00                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422121                  2005-03-01-00851                                          20310371                  Arm                                Interest In Arrears                                   $ 191,250.00                                $ 190,487.51                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422119                  2005-03-01-01063                                          20310405                  Arm                                Interest In Arrears                                    $ 56,000.00                                 $ 55,805.76                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333417661                  2005-03-01-01121                                          20310421                  Arm                                Interest In Arrears                                   $ 109,383.00                                $ 108,740.00                  00/00/0000                                             6.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333422117                  2005-03-01-01129                                          20310439                  Arm                                Interest In Arrears                                   $ 282,400.00                                $ 281,134.31                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422115                  2005-03-01-01285                                          20310454                  Arm                                Interest In Arrears                                   $ 141,825.00                                $ 141,213.54                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422113                  2005-03-01-01342                                          20310496                  Arm                                Interest In Arrears                                    $ 90,000.00                                 $ 89,641.16                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422112                  2005-03-01-01347                                          20310504                  Arm                                Interest In Arrears                                    $ 64,955.00                                 $ 64,740.73                  00/00/0000                                             8.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333422111                  2005-03-01-01366                                          20310512                  Arm                                Interest In Arrears                                   $ 429,250.00                                $ 427,470.10                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422110                  2005-03-01-01388                                          20310520                  Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,409.95                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422109                  2005-03-01-01431                                          20310538                  Arm                                Interest Only                                          $ 98,000.00                                 $ 98,000.00                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422108                  2005-03-02-00026                                          20310561                  Arm                                Interest In Arrears                                   $ 121,000.00                                $ 120,483.39                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333422104                  2005-03-02-00057                                          20310603                  Arm                                Interest In Arrears                                    $ 56,905.00                                 $ 56,715.41                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422103                  2005-03-02-00065                                          20310611                  Arm                                Interest Only                                          $ 76,000.00                                 $ 76,000.00                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422101                  2005-03-02-00092                                          20310637                  Arm                                Interest In Arrears                                   $ 139,000.00                                $ 138,376.99                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422100                  2005-03-02-00110                                          20310660                  Arm                                Interest In Arrears                                    $ 86,400.00                                 $ 86,038.24                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422098                  2005-03-02-00118                                          20310678                  Arm                                Interest In Arrears                                   $ 180,000.00                                $ 179,071.61                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422095                  2005-03-02-00230                                          20310694                  Arm                                Interest Only                                         $ 219,920.00                                $ 219,920.00                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422094                  2005-03-02-00287                                          20310710                  Arm                                Interest In Arrears                                   $ 118,250.00                                $ 117,897.36                  00/00/0000                                             8.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333422093                  2005-03-02-00320                                          20310736                  Arm                                Interest In Arrears                                    $ 82,800.00                                 $ 82,512.79                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422091                  2005-03-02-00349                                          20310751                  Arm                                Interest In Arrears                                    $ 67,125.00                                 $ 66,894.48                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422089                  2005-03-02-00383                                          20310769                  Arm                                Interest Only                                         $ 172,000.00                                $ 172,000.00                  00/00/0000                                             6.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422087                  2005-03-02-00386                                          20310777                  Arm                                Interest In Arrears                                    $ 76,000.00                                 $ 75,632.15                  00/00/0000                                             6.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422086                  2005-03-02-00393                                          20310785                  Arm                                Interest In Arrears                                    $ 79,120.00                                 $ 78,791.90                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422082                  2005-03-02-00432                                          20310793                  Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,766.48                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422081                  2005-03-02-00462                                          20310819                  Arm                                Interest In Arrears                                   $ 257,000.00                                $ 256,063.11                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422080                  2005-03-02-00475                                          20310827                  Arm                                Interest Only                                         $ 142,000.00                                $ 141,871.52                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422078                  2005-03-02-00506                                          20310835                  Arm                                Interest In Arrears                                   $ 205,200.00                                $ 204,459.11                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422075                  2005-03-02-00641                                          20310876                  Arm                                Interest In Arrears                                   $ 109,700.00                                $ 109,389.52                  00/00/0000                                             8.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422072                  2005-03-02-00705                                          20310892                  Arm                                Interest In Arrears                                    $ 74,000.00                                 $ 73,815.03                  00/00/0000                                             8.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333422071                  2005-03-02-00716                                          20310900                  Arm                                Interest Only                                         $ 242,400.00                                $ 242,400.00                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422069                  2005-03-02-00721                                          20310918                  Arm                                Interest In Arrears                                    $ 65,600.00                                 $ 65,454.03                  00/00/0000                                            10.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333422068                  2005-03-02-00791                                          20310934                  Arm                                Interest In Arrears                                    $ 95,200.00                                 $ 94,974.19                  00/00/0000                                             9.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422067                  2005-03-02-00815                                          20310942                  Arm                                Interest In Arrears                                    $ 94,000.00                                 $ 93,617.79                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422065                  2005-03-02-00823                                          20310959                  Arm                                Interest In Arrears                                   $ 169,600.00                                $ 168,854.43                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422058                  2005-03-02-00946                                          20311023                  Arm                                Interest In Arrears                                   $ 133,450.00                                $ 132,938.54                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333422056                  2005-03-02-00947                                          20311031                  Arm                                Interest In Arrears                                    $ 66,500.00                                 $ 65,908.15                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422054                  2005-03-02-01000                                          20311049                  Arm                                Interest In Arrears                                   $ 110,285.00                                $ 109,845.31                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422053                  2005-03-02-01045                                          20311056                  Arm                                Interest Only                                         $ 257,400.00                                $ 257,400.00                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422052                  2005-03-02-01052                                          20311064                  Arm                                Interest Only                                         $ 480,000.00                                $ 480,000.00                  00/00/0000                                             5.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422049                  2005-03-02-01075                                          20311080                  Arm                                Interest Only                                         $ 126,400.00                                $ 126,399.53                  00/00/0000                                             8.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422048                  2005-03-02-01125                                          20311122                  Arm                                Interest In Arrears                                    $ 61,599.00                                 $ 61,309.31                  00/00/0000                                             6.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422047                  2005-03-02-01164                                          20311130                  Arm                                Interest In Arrears                                    $ 78,000.00                                 $ 77,816.34                  00/00/0000                                            10.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333422046                  2005-03-02-01176                                          20311148                  Arm                                Interest In Arrears                                   $ 204,300.00                                $ 203,656.69                  00/00/0000                                             7.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333422045                  2005-03-02-01267                                          20311189                  Arm                                Interest Only                                         $ 199,080.00                                $ 199,080.00                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422043                  2005-03-02-01319                                          20311197                  Arm                                Interest In Arrears                                   $ 146,804.00                                $ 146,164.86                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333422041                  2005-03-02-01350                                          20311205                  Arm                                Interest Only                                         $ 461,000.00                                $ 460,997.61                  00/00/0000                                             6.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333422039                  2005-03-03-00013                                          20311213                  Arm                                Interest In Arrears                                   $ 244,317.00                                $ 243,342.95                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333417925                  2005-03-03-00038                                          20311221                  Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,692.29                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333422037                  2005-03-03-00174                                          20311262                  Arm                                Interest In Arrears                                   $ 148,437.00                                $ 148,062.19                  00/00/0000                                             9.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333422036                  2005-03-03-00199                                          20311288                  Arm                                Interest In Arrears                                    $ 74,400.00                                 $ 74,100.46                  00/00/0000                                             7.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333422034                  2005-03-03-00201                                          20311296                  Arm                                Interest Only                                         $ 165,600.00                                $ 165,600.00                  00/00/0000                                             8.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333422033                  2005-03-03-00222                                          20311304                  Arm                                Interest Only                                         $ 124,640.00                                $ 124,615.00                  00/00/0000                                             6.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333422032                  2005-03-03-00334                                          20311312                  Arm                                Interest In Arrears                                   $ 225,000.00                                $ 223,757.26                  00/00/0000                                             5.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333422031                  2005-03-03-00380                                          20311338                  Arm                                Interest In Arrears                                   $ 102,400.00                                $ 102,008.66                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333422030                  2005-03-03-00414                                          20311353                  Arm                                Interest Only                                         $ 108,000.00                                $ 107,964.22                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333422027                  2005-03-03-00472                                          20311361                  Arm                                Interest In Arrears                                   $ 204,000.00                                $ 202,974.39                  00/00/0000                                             6.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422026                  2005-03-03-00520                                          20311395                  Arm                                Interest In Arrears                                   $ 144,000.00                                $ 143,596.63                  00/00/0000                                             8.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422025                  2005-03-03-00590                                          20311411                  Arm                                Interest In Arrears                                   $ 141,000.00                                $ 140,459.57                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333422024                  2005-03-03-00593                                          20311429                  Arm                                Interest Only                                         $ 292,000.00                                $ 292,000.00                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333422022                  2005-03-03-00718                                          20311452                  Arm                                Interest Only                                         $ 224,990.00                                $ 224,990.00                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333422020                  2005-03-03-00789                                          20311478                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,886.34                  00/00/0000                                             9.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333422019                  2005-03-03-00863                                          20311486                  Arm                                Interest In Arrears                                    $ 87,200.00                                 $ 86,903.54                  00/00/0000                                             8.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422016                  2005-03-03-01095                                          20311510                  Arm                                Interest In Arrears                                   $ 113,120.00                                $ 112,848.99                  00/00/0000                                             9.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422013                  2005-03-03-01307                                          20311551                  Arm                                Interest Only                                         $ 152,000.00                                $ 152,000.00                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333422010                  2005-03-04-00032                                          20311577                  Arm                                Interest Only                                         $ 111,600.00                                $ 111,592.81                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333422005                  2005-03-04-00202                                          20311619                  Arm                                Interest In Arrears                                    $ 76,000.00                                 $ 75,684.86                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333422004                  2005-03-04-00205                                          20311627                  Arm                                Interest Only                                          $ 94,320.00                                 $ 94,320.00                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333422003                  2005-03-04-00267                                          20311643                  Arm                                Interest In Arrears                                   $ 163,200.00                                $ 162,482.58                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333422001                  2005-03-04-00433                                          20311684                  Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,593.40                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333422000                  2005-03-04-00455                                          20311692                  Arm                                Interest In Arrears                                   $ 153,900.00                                $ 153,376.77                  00/00/0000                                             8.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333421999                  2005-03-04-00519                                          20311726                  Arm                                Interest In Arrears                                    $ 64,000.00                                 $ 63,801.35                  00/00/0000                                             8.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333421997                  2005-03-04-00524                                          20311734                  Arm                                Interest Only                                         $ 138,400.00                                $ 138,400.00                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333421994                  2005-03-04-00542                                          20311759                  Arm                                Interest In Arrears                                   $ 176,425.00                                $ 175,477.51                  00/00/0000                                             5.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333421993                  2005-03-04-00739                                          20311809                  Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,605.32                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333421992                  2005-03-04-00840                                          20311825                  Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,520.22                  00/00/0000                                             6.450
MILA                                  Chase                            US Bank                                 MLA0415                                  333421991                  2005-03-04-00843                                          20311833                  Arm                                Interest In Arrears                                    $ 77,600.00                                 $ 77,125.55                  00/00/0000                                             4.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333421990                  2005-03-04-00885                                          20311858                  Arm                                Interest In Arrears                                   $ 400,000.00                                $ 398,653.67                  00/00/0000                                             8.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333421989                  2005-03-04-00900                                          20311874                  Arm                                Interest In Arrears                                   $ 268,800.00                                $ 267,426.85                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0415                                  333421988                  2005-03-04-00921                                          20311882                  Arm                                Interest Only                                         $ 251,600.00                                $ 251,600.00                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333421986                  2005-03-04-00950                                          20311890                  Arm                                Interest In Arrears                                   $ 373,957.00                                $ 372,344.68                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333421984                  2005-03-04-00971                                          20311908                  Arm                                Interest In Arrears                                   $ 113,500.00                                $ 113,110.21                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333421983                  2005-03-04-01018                                          20311924                  Arm                                Interest Only                                         $ 149,505.00                                $ 149,505.00                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333421982                  2005-03-04-01128                                          20311932                  Arm                                Interest Only                                          $ 95,996.00                                 $ 95,994.97                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333421980                  2005-03-04-01147                                          20311940                  Arm                                Interest In Arrears                                   $ 112,000.00                                $ 111,720.14                  00/00/0000                                             9.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333421979                  2005-03-04-01159                                          20311957                  Arm                                Interest In Arrears                                   $ 251,100.00                                $ 250,184.26                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333421976                  2005-03-05-00087                                          20312005                  Arm                                Interest Only                                         $ 160,000.00                                $ 160,000.00                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333421973                  2005-03-06-00030                                          20312021                  Arm                                Interest Only                                         $ 276,000.00                                $ 274,491.78                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333421972                  2005-03-07-00020                                          20312047                  Arm                                Interest In Arrears                                    $ 91,432.00                                 $ 90,972.33                  00/00/0000                                             6.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333421971                  2005-03-07-00093                                          20312088                  Arm                                Interest Only                                         $ 300,000.00                                $ 300,000.00                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333421970                  2005-03-07-00118                                          20312096                  Arm                                Interest In Arrears                                    $ 84,000.00                                 $ 83,744.54                  00/00/0000                                             8.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333421969                  2005-03-07-00164                                          20312104                  Arm                                Interest In Arrears                                   $ 345,000.00                                $ 343,569.45                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0415                                  333421968                  2005-03-07-00275                                          20312146                  Arm                                Interest In Arrears                                    $ 93,600.00                                 $ 93,380.39                  00/00/0000                                             9.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333421967                  2005-03-07-00297                                          20312153                  Arm                                Interest In Arrears                                   $ 174,400.00                                $ 173,640.71                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333421965                  2005-03-07-00390                                          20312187                  Arm                                Interest In Arrears                                    $ 79,920.00                                 $ 79,613.70                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333421961                  2005-03-07-00510                                          20312211                  Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,596.86                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0415                                  333421959                  2005-03-07-00518                                          20312229                  Arm                                Interest In Arrears                                    $ 72,800.00                                 $ 72,460.89                  00/00/0000                                             6.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333421957                  2005-03-07-00588                                          20312252                  Arm                                Interest In Arrears                                    $ 59,600.00                                 $ 59,467.34                  00/00/0000                                            10.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333421956                  2005-03-07-00612                                          20312278                  Arm                                Interest In Arrears                                    $ 67,600.00                                 $ 67,340.90                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333421954                  2005-03-07-00642                                          20312294                  Arm                                Interest In Arrears                                   $ 186,000.00                                $ 185,341.71                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333421953                  2005-03-07-00721                                          20312302                  Arm                                Interest In Arrears                                    $ 95,200.00                                 $ 94,901.50                  00/00/0000                                             8.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333421950                  2005-03-07-00797                                          20312344                  Arm                                Interest In Arrears                                   $ 104,440.00                                $ 104,051.44                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333421948                  2005-03-07-00804                                          20312351                  Arm                                Interest In Arrears                                   $ 119,200.00                                $ 118,778.10                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333421946                  2005-03-07-00847                                          20312393                  Arm                                Interest In Arrears                                    $ 67,920.00                                 $ 67,664.78                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333421944                  2005-03-07-00894                                          20312419                  Arm                                Interest In Arrears                                   $ 122,000.00                                $ 121,307.13                  00/00/0000                                             5.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333421943                  2005-03-07-00925                                          20312435                  Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,441.02                  00/00/0000                                             6.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333421941                  2005-03-07-01133                                          20312476                  Arm                                Interest Only                                         $ 192,000.00                                $ 192,000.00                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333421939                  2005-03-07-01283                                          20312500                  Arm                                Interest Only                                         $ 286,000.00                                $ 286,000.00                  00/00/0000                                             6.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333421938                  2005-03-07-01447                                          20312575                  Arm                                Interest Only                                         $ 349,280.00                                $ 349,280.00                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0415                                  333421936                  2005-03-07-01478                                          20312583                  Arm                                Interest Only                                         $ 292,000.00                                $ 292,000.00                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333421934                  2005-03-07-01521                                          20312609                  Arm                                Interest In Arrears                                   $ 130,050.00                                $ 129,616.68                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333421933                  2005-03-08-00073                                          20312633                  Arm                                Interest In Arrears                                    $ 80,720.00                                 $ 80,329.34                  00/00/0000                                             6.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333421932                  2005-03-08-00161                                          20312682                  Arm                                Interest Only                                         $ 202,400.00                                $ 202,340.54                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0415                                  333421930                  2005-03-08-00286                                          20312732                  Arm                                Interest In Arrears                                   $ 180,800.00                                $ 180,127.36                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333421928                  2005-03-08-00317                                          20312740                  Arm                                Interest Only                                         $ 199,537.00                                $ 199,537.00                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333421927                  2005-03-08-00389                                          20312765                  Arm                                Interest In Arrears                                    $ 52,800.00                                 $ 52,597.33                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333421926                  2005-03-08-00395                                          20312773                  Arm                                Interest In Arrears                                   $ 134,400.00                                $ 134,003.64                  00/00/0000                                             8.700
MILA                                  Chase                            US Bank                                 MLA0415                                  333421925                  2005-03-08-00400                                          20312799                  Arm                                Interest Only                                         $ 348,000.00                                $ 348,000.00                  00/00/0000                                             6.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333421923                  2005-03-08-00402                                          20312807                  Arm                                Interest In Arrears                                    $ 88,000.00                                 $ 87,812.30                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0415                                  333421922                  2005-03-08-00454                                          20312823                  Arm                                Interest Only                                         $ 147,600.00                                $ 147,600.00                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333421920                  2005-03-08-00510                                          20312831                  Arm                                Interest Only                                         $ 108,000.00                                $ 108,000.00                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333421917                  2005-03-08-00529                                          20312849                  Arm                                Interest In Arrears                                    $ 89,636.00                                 $ 89,414.37                  00/00/0000                                             9.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333421916                  2005-03-08-00546                                          20312880                  Arm                                Interest In Arrears                                   $ 299,200.00                                $ 297,724.18                  00/00/0000                                             6.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333421914                  2005-03-08-00583                                          20312906                  Arm                                Interest In Arrears                                    $ 91,584.00                                 $ 91,092.13                  00/00/0000                                             5.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333421913                  2005-03-08-00591                                          20312914                  Arm                                Interest In Arrears                                   $ 128,000.00                                $ 127,453.49                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333421912                  2005-03-08-00606                                          20312922                  Arm                                Interest In Arrears                                    $ 92,000.00                                 $ 91,711.54                  00/00/0000                                             8.400
MILA                                  Chase                            US Bank                                 MLA0415                                  333421911                  2005-03-08-00614                                          20312930                  Arm                                Interest In Arrears                                   $ 163,860.00                                $ 163,153.54                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0415                                  333421910                  2005-03-08-00666                                          20312955                  Arm                                Interest In Arrears                                   $ 118,000.00                                $ 117,590.15                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333421908                  2005-03-08-00674                                          20312971                  Arm                                Interest Only                                          $ 92,000.00                                 $ 92,000.00                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333421906                  2005-03-08-00707                                          20312997                  Arm                                Interest Only                                         $ 195,080.00                                $ 195,080.00                  00/00/0000                                             5.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333421904                  2005-03-08-00721                                          20313003                  Arm                                Interest In Arrears                                   $ 105,807.00                                $ 105,346.37                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333421902                  2005-03-08-00789                                          20313037                  Arm                                Interest In Arrears                                    $ 75,975.00                                 $ 75,706.98                  00/00/0000                                             7.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333421901                  2005-03-08-00839                                          20313078                  Arm                                Interest Only                                         $ 280,000.00                                $ 280,000.00                  00/00/0000                                             6.150
MILA                                  Chase                            US Bank                                 MLA0415                                  333421899                  2005-03-08-00859                                          20313102                  Arm                                Interest In Arrears                                   $ 184,000.00                                $ 183,227.51                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333421898                  2005-03-08-00871                                          20313110                  Arm                                Interest In Arrears                                   $ 117,600.00                                $ 117,144.81                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0415                                  333421897                  2005-03-08-00883                                          20313136                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,791.58                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0415                                  333421895                  2005-03-08-00892                                          20313151                  Arm                                Interest In Arrears                                   $ 110,400.00                                $ 109,767.86                  00/00/0000                                             5.200
MILA                                  Chase                            US Bank                                 MLA0415                                  333421894                  2005-03-08-00954                                          20313193                  Arm                                Interest In Arrears                                   $ 275,000.00                                $ 273,577.62                  00/00/0000                                             5.850
MILA                                  Chase                            US Bank                                 MLA0415                                  333421893                  2005-03-08-01005                                          20313219                  Arm                                Interest In Arrears                                   $ 134,400.00                                $ 133,831.69                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333421892                  2005-03-08-01006                                          20313227                  Arm                                Interest In Arrears                                   $ 105,600.00                                $ 105,207.14                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0415                                  333421891                  2005-03-08-01012                                          20313235                  Arm                                Interest In Arrears                                    $ 50,985.00                                 $ 50,840.73                  00/00/0000                                             8.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333421890                  2005-03-08-01022                                          20313243                  Arm                                Interest In Arrears                                    $ 89,600.00                                 $ 89,338.48                  00/00/0000                                             8.750
MILA                                  Chase                            US Bank                                 MLA0415                                  333421889                  2005-03-08-01037                                          20313250                  Arm                                Interest In Arrears                                   $ 110,400.00                                $ 109,937.72                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0415                                  333421888                  2005-03-08-01169                                          20313268                  Arm                                Interest Only                                         $ 180,800.00                                $ 180,800.00                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0415                                  333421887                  2005-03-08-01184                                          20313276                  Arm                                Interest In Arrears                                   $ 239,200.00                                $ 238,327.65                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0415                                  333421884                  2005-03-08-01220                                          20313300                  Arm                                Interest In Arrears                                    $ 65,700.00                                 $ 65,514.04                  00/00/0000                                             8.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421883                  2005-03-08-01231                                          20313318                  Arm                                Interest In Arrears                                   $ 217,800.00                                $ 217,170.73                  00/00/0000                                             8.800
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421882                  2005-03-08-01262                                          20313326                  Arm                                Interest Only                                         $ 268,400.00                                $ 268,400.00                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421880                  2005-03-08-01306                                          20313359                  Arm                                Interest In Arrears                                    $ 87,600.00                                 $ 87,264.29                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421879                  2005-03-08-01336                                          20313375                  Arm                                Interest In Arrears                                    $ 45,732.00                                 $ 45,554.98                  00/00/0000                                             7.350
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421877                  2005-03-09-00009                                          20313409                  Arm                                Interest Only                                         $ 109,800.00                                $ 109,800.00                  00/00/0000                                             7.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421876                  2005-03-09-00072                                          20313425                  Arm                                Interest In Arrears                                    $ 76,400.00                                 $ 76,060.87                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421875                  2005-03-09-00073                                          20313433                  Arm                                Interest In Arrears                                    $ 70,800.00                                 $ 70,479.20                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421873                  2005-03-09-00131                                          20313474                  Arm                                Interest Only                                         $ 124,000.00                                $ 123,690.71                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421871                  2005-03-09-00165                                          20313482                  Arm                                Interest In Arrears                                   $ 103,000.00                                $ 102,436.45                  00/00/0000                                             5.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421870                  2005-03-09-00166                                          20313490                  Arm                                Interest Only                                         $ 164,800.00                                $ 164,799.87                  00/00/0000                                             8.300
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421869                  2005-03-09-00256                                          20313516                  Arm                                Interest In Arrears                                    $ 81,200.00                                 $ 80,764.08                  00/00/0000                                             7.300
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421867                  2005-03-09-00353                                          20313573                  Arm                                Interest In Arrears                                    $ 91,920.00                                 $ 91,715.45                  00/00/0000                                            10.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421866                  2005-03-09-00402                                          20313599                  Arm                                Interest Only                                         $ 133,600.00                                $ 133,600.00                  00/00/0000                                             7.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421862                  2005-03-09-00459                                          20313623                  Arm                                Interest In Arrears                                    $ 48,000.00                                 $ 47,826.69                  00/00/0000                                             7.700
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421861                  2005-03-09-00464                                          20313649                  Arm                                Interest Only                                         $ 188,000.00                                $ 188,000.00                  00/00/0000                                             6.800
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421860                  2005-03-09-00576                                          20313672                  Arm                                Interest In Arrears                                   $ 108,800.00                                $ 108,326.34                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421859                  2005-03-09-00582                                          20313680                  Arm                                Interest In Arrears                                   $ 129,600.00                                $ 129,127.37                  00/00/0000                                             7.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421858                  2005-03-09-00617                                          20313698                  Arm                                Interest In Arrears                                    $ 98,325.00                                 $ 98,026.01                  00/00/0000                                             8.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421857                  2005-03-09-00659                                          20313722                  Arm                                Interest Only                                          $ 97,850.00                                 $ 97,487.44                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421856                  2005-03-09-00669                                          20313730                  Arm                                Interest In Arrears                                   $ 167,200.00                                $ 166,398.10                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421850                  2005-03-09-00802                                          20313813                  Arm                                Interest In Arrears                                   $ 287,868.00                                $ 285,743.97                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421848                  2005-03-09-00861                                          20313854                  Arm                                Interest Only                                         $ 424,000.00                                $ 424,000.00                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421846                  2005-03-09-00882                                          20313862                  Arm                                Interest Only                                         $ 144,077.00                                $ 144,077.00                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421845                  2005-03-09-00886                                          20313870                  Arm                                Interest In Arrears                                   $ 229,075.00                                $ 228,238.88                  00/00/0000                                             7.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421844                  2005-03-09-00898                                          20313888                  Arm                                Interest In Arrears                                   $ 170,876.00                                $ 170,356.26                  00/00/0000                                             8.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421843                  2005-03-09-00946                                          20313920                  Arm                                Interest In Arrears                                   $ 115,160.00                                $ 114,752.44                  00/00/0000                                             7.800
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421842                  2005-03-09-01004                                          20313953                  Arm                                Interest In Arrears                                   $ 115,000.00                                $ 114,346.84                  00/00/0000                                             5.350
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421841                  2005-03-09-01029                                          20313961                  Arm                                Interest In Arrears                                   $ 274,500.00                                $ 273,145.88                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421839                  2005-03-09-01084                                          20314001                  Arm                                Interest In Arrears                                   $ 200,000.00                                $ 199,433.93                  00/00/0000                                             8.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421838                  2005-03-09-01115                                          20314019                  Arm                                Interest In Arrears                                   $ 167,200.00                                $ 166,507.49                  00/00/0000                                             7.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421836                  2005-03-09-01222                                          20314068                  Arm                                Interest In Arrears                                   $ 162,000.00                                $ 161,315.02                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421835                  2005-03-09-01226                                          20314076                  Arm                                Interest Only                                         $ 225,600.00                                $ 225,600.00                  00/00/0000                                             5.450
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421832                  2005-03-09-01316                                          20314118                  Arm                                Interest In Arrears                                    $ 90,800.00                                 $ 90,445.04                  00/00/0000                                             7.300
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421831                  2005-03-09-01333                                          20314126                  Arm                                Interest Only                                         $ 569,000.00                                $ 569,000.00                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421830                  2005-03-09-01406                                          20314159                  Arm                                Interest Only                                         $ 228,000.00                                $ 228,000.00                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421827                  2005-03-10-00070                                          20314191                  Arm                                Interest Only                                         $ 328,500.00                                $ 328,500.00                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421826                  2005-03-10-00079                                          20314209                  Arm                                Interest In Arrears                                    $ 57,500.00                                 $ 57,325.16                  00/00/0000                                             8.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421823                  2005-03-10-00125                                          20314225                  Arm                                Interest In Arrears                                    $ 57,960.00                                 $ 57,740.07                  00/00/0000                                             7.450
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421822                  2005-03-10-00136                                          20314241                  Arm                                Interest In Arrears                                    $ 87,600.00                                 $ 87,411.17                  00/00/0000                                            10.200
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421821                  2005-03-10-00139                                          20314258                  Arm                                Interest In Arrears                                   $ 108,058.00                                $ 107,551.22                  00/00/0000                                             7.150
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421819                  2005-03-10-00328                                          20314308                  Arm                                Interest In Arrears                                   $ 113,600.00                                $ 113,090.84                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421816                  2005-03-10-00352                                          20314316                  Arm                                Interest In Arrears                                    $ 78,800.00                                 $ 78,557.94                  00/00/0000                                             8.500
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421815                  2005-03-10-00368                                          20314340                  Arm                                Interest In Arrears                                   $ 152,400.00                                $ 151,713.17                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421813                  2005-03-10-00384                                          20314365                  Arm                                Interest Only                                         $ 156,960.00                                $ 156,960.00                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421810                  2005-03-10-00470                                          20314381                  Arm                                Interest In Arrears                                    $ 70,080.00                                 $ 69,797.81                  00/00/0000                                             7.150
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421809                  2005-03-10-00486                                          20314399                  Arm                                Interest In Arrears                                   $ 182,000.00                                $ 180,045.71                  00/00/0000                                             7.800
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421808                  2005-03-10-00650                                          20314456                  Arm                                Interest In Arrears                                    $ 99,900.00                                 $ 99,602.34                  00/00/0000                                             8.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421806                  2005-03-10-00784                                          20314472                  Arm                                Interest Only                                         $ 219,200.00                                $ 219,200.00                  00/00/0000                                             6.800
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421804                  2005-03-10-00815                                          20314498                  Arm                                Interest Only                                         $ 253,600.00                                $ 253,600.00                  00/00/0000                                             5.450
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421803                  2005-03-10-00838                                          20314506                  Arm                                Interest In Arrears                                   $ 155,920.00                                $ 155,174.46                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421802                  2005-03-10-00841                                          20314514                  Arm                                Interest In Arrears                                   $ 203,000.00                                $ 202,045.29                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421801                  2005-03-10-00853                                          20314522                  Arm                                Interest Only                                         $ 147,032.00                                $ 147,032.00                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421800                  2005-03-10-00894                                          20314548                  Arm                                Interest In Arrears                                   $ 215,900.00                                $ 215,202.13                  00/00/0000                                             8.250
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421799                  2005-03-10-00912                                          20314555                  Arm                                Interest In Arrears                                    $ 83,920.00                                 $ 83,561.58                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421797                  2005-03-10-00983                                          20314597                  Arm                                Interest Only                                         $ 110,400.00                                $ 110,140.55                  00/00/0000                                             7.150
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421794                  2005-03-10-01001                                          20314605                  Arm                                Interest In Arrears                                    $ 78,400.00                                 $ 78,006.80                  00/00/0000                                             7.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421792                  2005-03-10-01038                                          20314621                  Arm                                Interest In Arrears                                   $ 102,000.00                                $ 101,770.60                  00/00/0000                                            10.000
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421791                  2005-03-10-01096                                          20314670                  Arm                                Interest In Arrears                                    $ 91,520.00                                 $ 91,051.08                  00/00/0000                                             5.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421789                  2005-03-10-01180                                          20314696                  Arm                                Interest Only                                         $ 310,500.00                                $ 310,498.00                  00/00/0000                                             6.990
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421788                  2005-03-11-00034                                          20314779                  Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,689.27                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421786                  2005-03-11-00074                                          20314795                  Arm                                Interest In Arrears                                    $ 96,800.00                                 $ 96,584.58                  00/00/0000                                            10.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421784                  2005-03-11-00132                                          20314829                  Arm                                Interest In Arrears                                    $ 64,000.00                                 $ 63,747.58                  00/00/0000                                             7.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421783                  2005-03-11-00141                                          20314837                  Arm                                Interest In Arrears                                   $ 103,500.00                                $ 103,216.02                  00/00/0000                                             9.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421782                  2005-03-11-00234                                          20314860                  Arm                                Interest In Arrears                                    $ 98,400.00                                 $ 97,963.24                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421780                  2005-03-11-00247                                          20314886                  Arm                                Interest In Arrears                                   $ 132,500.00                                $ 131,976.93                  00/00/0000                                             7.250
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421779                  2005-03-11-00258                                          20314902                  Arm                                Interest Only                                         $ 112,500.00                                $ 111,932.94                  00/00/0000                                             8.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421778                  2005-03-11-00278                                          20314928                  Arm                                Interest In Arrears                                    $ 53,600.00                                 $ 53,366.28                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421777                  2005-03-11-00311                                          20314944                  Arm                                Interest In Arrears                                   $ 380,000.00                                $ 378,989.24                  00/00/0000                                             9.200
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421776                  2005-03-11-00328                                          20314951                  Arm                                Interest In Arrears                                    $ 67,840.00                                 $ 67,564.99                  00/00/0000                                             7.200
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421773                  2005-03-11-00368                                          20314985                  Arm                                Interest In Arrears                                    $ 88,720.00                                 $ 88,364.77                  00/00/0000                                             7.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421772                  2005-03-11-00380                                          20314993                  Arm                                Interest Only                                         $ 167,965.00                                $ 167,965.00                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421771                  2005-03-11-00400                                          20315016                  Arm                                Interest In Arrears                                   $ 300,000.00                                $ 298,505.96                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421770                  2005-03-11-00415                                          20315024                  Arm                                Interest Only                                         $ 220,000.00                                $ 219,852.09                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421769                  2005-03-11-00454                                          20315057                  Arm                                Interest Only                                          $ 99,920.00                                 $ 99,920.00                  00/00/0000                                             7.300
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421767                  2005-03-11-00456                                          20315065                  Arm                                Interest In Arrears                                    $ 71,250.00                                 $ 71,000.67                  00/00/0000                                             8.750
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421766                  2005-03-11-00461                                          20315073                  Arm                                Interest In Arrears                                    $ 76,000.00                                 $ 75,678.57                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421764                  2005-03-11-00597                                          20315115                  Arm                                Interest In Arrears                                    $ 88,000.00                                 $ 87,594.01                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421761                  2005-03-11-00703                                          20315149                  Arm                                Interest In Arrears                                   $ 112,000.00                                $ 111,457.91                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421759                  2005-03-11-00767                                          20315164                  Arm                                Interest In Arrears                                   $ 138,120.00                                $ 137,372.73                  00/00/0000                                             5.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421757                  2005-03-11-00805                                          20315198                  Arm                                Interest In Arrears                                   $ 119,200.00                                $ 118,971.56                  00/00/0000                                            10.750
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421756                  2005-03-11-00820                                          20315206                  Arm                                Interest In Arrears                                    $ 65,525.00                                 $ 64,802.30                  00/00/0000                                             8.600
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421754                  2005-03-11-00853                                          20315222                  Arm                                Interest In Arrears                                   $ 172,000.00                                $ 171,151.53                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421751                  2005-03-11-00939                                          20315263                  Arm                                Interest Only                                          $ 96,800.00                                 $ 96,800.00                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421749                  2005-03-11-01015                                          20315313                  Arm                                Interest In Arrears                                   $ 115,500.00                                $ 114,987.32                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421746                  2005-03-11-01078                                          20315339                  Arm                                Interest Only                                         $ 432,000.00                                $ 432,000.00                  00/00/0000                                             5.850
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421745                  2005-03-13-00063                                          20315370                  Arm                                Interest In Arrears                                   $ 123,000.00                                $ 122,537.87                  00/00/0000                                             7.500
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421744                  2005-03-14-00262                                          20315461                  Arm                                Interest In Arrears                                   $ 183,297.00                                $ 182,490.53                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421743                  2005-03-14-00334                                          20315511                  Arm                                Interest In Arrears                                    $ 73,600.00                                 $ 73,263.71                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421742                  2005-03-14-00371                                          20315545                  Arm                                Interest In Arrears                                   $ 151,920.00                                $ 151,490.02                  00/00/0000                                             8.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422600                  2005-03-14-00393                                          20315552                  Arm                                Interest Only                                         $ 146,400.00                                $ 146,400.00                  00/00/0000                                             8.000
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422599                  2005-03-14-00400                                          20315560                  Arm                                Interest In Arrears                                   $ 209,600.00                                $ 208,756.09                  00/00/0000                                             7.150
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422597                  2005-03-14-00416                                          20315578                  Arm                                Interest In Arrears                                    $ 66,000.00                                 $ 65,777.84                  00/00/0000                                             8.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422594                  2005-03-14-00549                                          20315602                  Arm                                Interest In Arrears                                   $ 222,400.00                                $ 221,468.76                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422592                  2005-03-14-00558                                          20315610                  Arm                                Interest In Arrears                                    $ 52,000.00                                 $ 51,813.29                  00/00/0000                                             8.850
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422591                  2005-03-14-00594                                          20315628                  Arm                                Interest In Arrears                                    $ 54,000.00                                 $ 53,859.34                  00/00/0000                                             9.300
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422589                  2005-03-14-00627                                          20315636                  Arm                                Interest Only                                         $ 184,400.00                                $ 184,400.00                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422588                  2005-03-14-00819                                          20315669                  Arm                                Interest In Arrears                                    $ 77,000.00                                 $ 76,730.19                  00/00/0000                                             7.850
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422584                  2005-03-14-00854                                          20315685                  Arm                                Interest In Arrears                                    $ 95,200.00                                 $ 94,777.43                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422573                  2005-03-14-00892                                          20315693                  Arm                                Interest Only                                          $ 69,600.00                                 $ 69,600.00                  00/00/0000                                             8.000
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422562                  2005-03-14-01019                                          20315727                  Arm                                Interest In Arrears                                   $ 168,000.00                                $ 167,316.92                  00/00/0000                                             7.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422551                  2005-03-14-01101                                          20315750                  Arm                                Interest In Arrears                                    $ 55,320.00                                 $ 55,175.89                  00/00/0000                                             9.300
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422540                  2005-03-14-01139                                          20315776                  Arm                                Interest In Arrears                                    $ 67,600.00                                 $ 67,335.72                  00/00/0000                                             7.300
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422529                  2005-03-14-01235                                          20315800                  Arm                                Interest Only                                         $ 208,000.00                                $ 208,000.00                  00/00/0000                                             8.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422506                  2005-03-14-01241                                          20315818                  Arm                                Interest In Arrears                                   $ 119,855.00                                $ 119,223.79                  00/00/0000                                             8.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422495                  2005-03-15-00110                                          20315883                  Arm                                Interest Only                                         $ 180,000.00                                $ 179,924.38                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422473                  2005-03-15-00126                                          20315891                  Arm                                Interest In Arrears                                   $ 255,000.00                                $ 253,911.23                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422462                  2005-03-15-00248                                          20315933                  Arm                                Interest In Arrears                                   $ 154,749.00                                $ 154,155.91                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422451                  2005-03-15-00320                                          20315982                  Arm                                Interest In Arrears                                    $ 64,000.00                                 $ 63,780.20                  00/00/0000                                             7.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422440                  2005-03-15-00356                                          20315990                  Arm                                Interest Only                                          $ 92,560.00                                 $ 92,555.55                  00/00/0000                                             7.750
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422429                  2005-03-15-00554                                          20316113                  Arm                                Interest In Arrears                                   $ 170,252.00                                $ 169,619.77                  00/00/0000                                             8.000
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422418                  2005-03-15-00635                                          20316147                  Arm                                Interest In Arrears                                   $ 288,000.00                                $ 286,782.22                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422407                  2005-03-15-00699                                          20316170                  Arm                                Interest In Arrears                                    $ 91,200.00                                 $ 90,877.24                  00/00/0000                                             7.800
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422395                  2005-03-15-00720                                          20316188                  Arm                                Interest Only                                         $ 232,000.00                                $ 232,000.00                  00/00/0000                                             7.150
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422384                  2005-03-15-00780                                          20316204                  Arm                                Interest In Arrears                                   $ 142,500.00                                $ 142,140.22                  00/00/0000                                             9.450
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422362                  2005-03-15-01107                                          20316352                  Arm                                Interest In Arrears                                    $ 59,480.00                                 $ 59,231.03                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422340                  2005-03-15-01173                                          20316378                  Arm                                Interest Only                                         $ 272,000.00                                $ 272,000.00                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422318                  2005-03-15-01282                                          20316444                  Arm                                Interest In Arrears                                   $ 158,265.00                                $ 157,461.72                  00/00/0000                                             5.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422296                  2005-03-15-01341                                          20316477                  Arm                                Interest Only                                         $ 135,600.00                                $ 135,600.00                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422284                  2005-03-15-01407                                          20316493                  Arm                                Interest In Arrears                                    $ 79,920.00                                 $ 79,585.34                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422273                  2005-03-16-00010                                          20316519                  Arm                                Interest In Arrears                                   $ 102,600.00                                $ 102,321.35                  00/00/0000                                             9.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422262                  2005-03-16-00187                                          20316592                  Arm                                Interest Only                                         $ 260,000.00                                $ 260,000.00                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422229                  2005-03-16-00260                                          20316642                  Arm                                Interest In Arrears                                    $ 60,000.00                                 $ 59,677.78                  00/00/0000                                             5.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422218                  2005-03-16-00281                                          20316659                  Arm                                Interest In Arrears                                   $ 116,720.00                                $ 116,216.74                  00/00/0000                                             6.800
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422196                  2005-03-16-00331                                          20316675                  Arm                                Interest In Arrears                                   $ 216,000.00                                $ 213,654.29                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422173                  2005-03-16-00373                                          20316691                  Arm                                Interest In Arrears                                   $ 115,360.00                                $ 114,881.59                  00/00/0000                                             7.450
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422162                  2005-03-16-00376                                          20316709                  Arm                                Interest In Arrears                                   $ 114,296.00                                $ 113,866.57                  00/00/0000                                             7.500
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422151                  2005-03-16-00503                                          20316733                  Arm                                Interest In Arrears                                    $ 75,000.00                                 $ 74,824.05                  00/00/0000                                             9.800
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422140                  2005-03-16-00555                                          20316758                  Arm                                Interest In Arrears                                   $ 232,500.00                                $ 231,487.79                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422129                  2005-03-16-00597                                          20316782                  Arm                                Interest Only                                         $ 119,920.00                                $ 119,920.00                  00/00/0000                                             7.250
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422118                  2005-03-16-00662                                          20316840                  Arm                                Interest In Arrears                                   $ 295,800.00                                $ 294,814.40                  00/00/0000                                             8.100
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422107                  2005-03-16-00948                                          20316931                  Arm                                Interest In Arrears                                    $ 88,000.00                                 $ 87,685.39                  00/00/0000                                             7.750
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422096                  2005-03-16-00954                                          20316949                  Arm                                Interest Only                                         $ 196,800.00                                $ 196,800.00                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422018                  2005-03-17-00093                                          20317087                  Arm                                Interest In Arrears                                   $ 151,120.00                                $ 150,574.33                  00/00/0000                                             7.700
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421996                  2005-03-17-00291                                          20317145                  Arm                                Interest In Arrears                                   $ 114,240.00                                $ 113,352.61                  00/00/0000                                             5.700
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421963                  2005-03-17-00620                                          20317269                  Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,816.74                  00/00/0000                                             9.150
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421951                  2005-03-17-00634                                          20317277                  Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,529.79                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421940                  2005-03-17-00646                                          20317293                  Arm                                Interest Only                                         $ 106,320.00                                $ 106,320.00                  00/00/0000                                             7.200
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421929                  2005-03-17-00731                                          20317327                  Arm                                Interest Only                                          $ 84,000.00                                 $ 84,000.00                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421918                  2005-03-17-00780                                          20317335                  Arm                                Interest Only                                         $ 220,000.00                                $ 220,000.00                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421907                  2005-03-17-01310                                          20317517                  Arm                                Interest In Arrears                                   $ 268,000.00                                $ 266,844.51                  00/00/0000                                             6.800
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421896                  2005-03-18-00013                                          20317525                  Arm                                Interest In Arrears                                   $ 116,800.00                                $ 116,378.25                  00/00/0000                                             7.700
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421885                  2005-03-18-00047                                          20317558                  Arm                                Interest In Arrears                                    $ 97,520.00                                 $ 97,107.64                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421863                  2005-03-18-00143                                          20317590                  Arm                                Interest In Arrears                                   $ 173,600.00                                $ 173,093.28                  00/00/0000                                             8.750
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421852                  2005-03-18-00528                                          20317780                  Arm                                Interest Only                                         $ 124,905.60                                $ 124,904.79                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421829                  2005-03-18-00851                                          20317913                  Arm                                Interest In Arrears                                    $ 97,118.00                                 $ 96,703.34                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421818                  2005-03-18-00904                                          20317947                  Arm                                Interest In Arrears                                   $ 283,500.00                                $ 282,312.92                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421807                  2005-03-20-00017                                          20318051                  Arm                                Interest In Arrears                                    $ 64,800.00                                 $ 64,596.83                  00/00/0000                                             8.400
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421796                  2005-03-21-00010                                          20318085                  Arm                                Interest In Arrears                                   $ 103,992.00                                $ 103,589.44                  00/00/0000                                             7.350
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421774                  2005-03-21-00262                                          20318143                  Arm                                Interest In Arrears                                    $ 65,494.00                                 $ 65,120.92                  00/00/0000                                             5.400
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421752                  2005-03-21-00302                                          20318184                  Arm                                Interest In Arrears                                    $ 66,400.00                                 $ 66,149.47                  00/00/0000                                             7.550
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421741                  2005-03-21-00508                                          20318234                  Arm                                Interest In Arrears                                   $ 153,181.00                                $ 152,622.37                  00/00/0000                                             7.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422590                  2005-03-21-00657                                          20318275                  Arm                                Interest In Arrears                                    $ 95,200.00                                 $ 94,861.61                  00/00/0000                                             7.900
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422295                  2005-03-22-01272                                          20318903                  Arm                                Interest Only                                         $ 188,000.00                                $ 188,000.00                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422184                  2005-03-23-00110                                          20319000                  Arm                                Interest In Arrears                                   $ 136,000.00                                $ 135,560.39                  00/00/0000                                             8.250
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333422073                  2005-03-23-00444                                          20319141                  Arm                                Interest In Arrears                                   $ 134,400.00                                $ 133,909.84                  00/00/0000                                             7.650
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421962                  2005-03-23-00973                                          20319281                  Arm                                Interest In Arrears                                    $ 80,000.00                                 $ 79,699.42                  00/00/0000                                             7.500
XXXX                                  Xxxxx                            US Bank                                 MLA0415                                  333421740                  2005-03-23-01220                                          20319380                  Arm                                Interest Only                                         $ 112,000.00                                $ 112,000.00                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431488                  2005-02-15-01152-S                                        20301644                  Fixed                              Interest In Arrears                                    $ 14,200.00                                 $ 14,181.56                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433828                  2005-02-21-00161-S                                        20301859                  Fixed                              Interest In Arrears                                    $ 16,000.00                                 $ 15,925.54                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430444                  2005-02-21-00669-S                                        20301867                  Fixed                              Interest In Arrears                                    $ 16,507.00                                 $ 16,403.25                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430769                  2005-02-28-00218-S                                        20302253                  Fixed                              Interest In Arrears                                    $ 13,400.00                                 $ 13,326.08                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430669                  2005-03-01-00147-S                                        20302360                  Fixed                              Interest In Arrears                                    $ 22,640.00                                 $ 22,527.66                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430991                  2005-03-02-00099-S                                        20302477                  Fixed                              Interest In Arrears                                    $ 83,000.00                                 $ 82,511.08                  00/00/0000                                            10.990
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430891                  2005-03-02-00677-S                                        20302543                  Fixed                              Interest In Arrears                                    $ 27,980.00                                 $ 27,825.67                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430880                  2005-03-02-01069-S                                        20302626                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,937.15                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430531                  2005-03-02-01084-S                                        20302634                  Fixed                              Interest In Arrears                                    $ 19,600.00                                 $ 19,485.43                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430487                  2005-03-02-01197-S                                        20302659                  Fixed                              Interest In Arrears                                    $ 82,000.00                                 $ 81,881.14                  00/00/0000                                            10.990
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431213                  2005-03-04-00006-S                                        20302790                  Fixed                              Interest In Arrears                                    $ 15,200.00                                 $ 15,116.15                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430516                  2005-03-04-00652-S                                        20302832                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,937.15                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431113                  2005-03-04-00674-S                                        20302840                  Fixed                              Interest In Arrears                                    $ 34,000.00                                 $ 33,812.44                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430461                  2005-03-05-00038-S                                        20302907                  Fixed                              Interest In Arrears                                    $ 56,600.00                                 $ 56,507.63                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431291                  2005-03-07-00856-S                                        20302998                  Fixed                              Interest In Arrears                                    $ 19,400.00                                 $ 19,286.59                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430569                  2005-03-08-00835-S                                        20303111                  Fixed                              Interest In Arrears                                    $ 43,778.00                                 $ 43,519.70                  00/00/0000                                            10.990
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431302                  2005-03-08-00890-S                                        20303137                  Fixed                              Interest In Arrears                                    $ 15,800.00                                 $ 15,703.84                  00/00/0000                                            10.740
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433825                  2005-03-09-00352-S                                        20303202                  Fixed                              Interest In Arrears                                    $ 18,900.00                                 $ 18,817.00                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430515                  2005-03-09-00460-S                                        20303236                  Fixed                              Interest In Arrears                                    $ 47,366.00                                 $ 47,157.95                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430459                  2005-03-09-00642-S                                        20303244                  Fixed                              Interest In Arrears                                    $ 40,946.00                                 $ 40,853.70                  00/00/0000                                             9.990
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431047                  2005-03-09-00748-S                                        20303277                  Fixed                              Interest In Arrears                                    $ 14,800.00                                 $ 14,706.98                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433829                  2005-03-09-00849-S                                        20303293                  Fixed                              Interest In Arrears                                    $ 75,980.00                                 $ 75,646.28                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430506                  2005-03-09-00858-S                                        20303301                  Fixed                              Interest In Arrears                                    $ 18,100.00                                 $ 17,994.23                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431058                  2005-03-09-00981-S                                        20303335                  Fixed                              Interest In Arrears                                    $ 10,800.00                                 $ 10,732.13                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431180                  2005-03-11-00017-S                                        20303483                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,941.54                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431157                  2005-03-11-00752-S                                        20303574                  Fixed                              Interest In Arrears                                    $ 22,800.00                                  $ 8,047.05                  00/00/0000                                             9.500
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430825                  2005-03-12-00011-S                                        20303657                  Fixed                              Interest In Arrears                                    $ 14,360.00                                 $ 14,276.08                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433835                  2005-03-12-00051-S                                        20303665                  Fixed                              Interest In Arrears                                    $ 16,600.00                                 $ 16,522.74                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430521                  2005-03-14-00171-S                                        20303699                  Fixed                              Interest In Arrears                                    $ 18,400.00                                 $ 18,292.44                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430625                  2005-03-14-00349-S                                        20303707                  Fixed                              Interest In Arrears                                    $ 24,580.00                                 $ 24,444.39                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430488                  2005-03-15-00465-S                                        20303798                  Fixed                              Interest In Arrears                                    $ 16,939.00                                 $ 16,864.59                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430725                  2005-03-15-00763-S                                        20303806                  Fixed                              Interest In Arrears                                    $ 17,080.00                                 $ 16,980.18                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431324                  2005-03-15-00845-S                                        20303814                  Fixed                              Interest In Arrears                                    $ 24,480.00                                 $ 24,226.37                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430460                  2005-03-15-00917-S                                        20303830                  Fixed                              Interest In Arrears                                    $ 34,800.00                                 $ 34,767.56                  00/00/0000                                            12.990
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433900                  2005-03-15-01222-S                                        20303863                  Fixed                              Interest In Arrears                                    $ 44,580.00                                 $ 44,522.07                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431124                  2005-03-17-00159-S                                        20304028                  Fixed                              Interest In Arrears                                    $ 13,500.00                                 $ 13,425.54                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430474                  2005-03-17-00175-S                                        20304036                  Fixed                              Interest In Arrears                                    $ 14,400.00                                 $ 14,376.51                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430486                  2005-03-17-00874-S                                        20304051                  Fixed                              Interest In Arrears                                    $ 42,200.00                                 $ 42,114.50                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430500                  2005-03-17-01129-S                                        20304069                  Fixed                              Interest In Arrears                                    $ 26,690.00                                 $ 26,542.74                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433824                  2005-03-18-00507-S                                        20304101                  Fixed                              Interest In Arrears                                    $ 12,600.00                                 $ 12,544.67                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430491                  2005-03-18-00664-S                                        20304135                  Fixed                              Interest In Arrears                                    $ 41,900.00                                 $ 41,831.60                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431379                  2005-03-21-00475-S                                        20304218                  Fixed                              Interest In Arrears                                    $ 92,000.00                                 $ 91,382.80                  00/00/0000                                             9.990
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430511                  2005-03-21-00518-S                                        20304226                  Fixed                              Interest In Arrears                                    $ 14,400.00                                 $ 14,320.54                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430509                  2005-03-21-00778-S                                        20304242                  Fixed                              Interest In Arrears                                    $ 17,400.00                                 $ 17,266.90                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431402                  2005-03-21-01003-S                                        20304259                  Fixed                              Interest In Arrears                                    $ 15,600.00                                 $ 15,531.47                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430958                  2005-03-22-00137-S                                        20304275                  Fixed                              Interest In Arrears                                    $ 48,000.00                                 $ 47,719.48                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433897                  2005-03-22-00320-S                                        20304291                  Fixed                              Interest In Arrears                                    $ 43,000.00                                 $ 42,944.11                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431224                  2005-03-22-00573-S                                        20304309                  Fixed                              Interest In Arrears                                    $ 30,000.00                                 $ 29,810.30                  00/00/0000                                            10.740
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430702                  2005-03-22-00959-S                                        20304325                  Fixed                              Interest In Arrears                                    $ 13,900.00                                 $ 13,818.75                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430513                  2005-03-23-00074-S                                        20304366                  Fixed                              Interest In Arrears                                    $ 13,700.00                                 $ 13,619.91                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430445                  2005-03-24-00770-S                                        20304499                  Fixed                              Interest In Arrears                                    $ 57,600.00                                 $ 57,495.20                  00/00/0000                                            10.990
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430501                  2005-03-24-00885-S                                        20304523                  Fixed                              Interest In Arrears                                    $ 13,320.00                                 $ 13,255.43                  00/00/0000                                            10.740
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433839                  2005-03-24-01117-S                                        20304531                  Fixed                              Interest In Arrears                                   $ 100,000.00                                 $ 99,479.31                  00/00/0000                                            10.990
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433832                  2005-03-25-00133-S                                        20304549                  Fixed                              Interest In Arrears                                    $ 19,980.00                                 $ 19,887.01                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431246                  2005-03-28-00255-S                                        20304572                  Fixed                              Interest In Arrears                                    $ 14,000.00                                 $ 13,918.20                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433823                  2005-03-30-00252-S                                        20304648                  Fixed                              Interest In Arrears                                    $ 36,800.00                                 $ 36,615.73                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431257                  2005-03-30-01139-S                                        20304689                  Fixed                              Interest In Arrears                                    $ 65,000.00                                 $ 64,629.69                  00/00/0000                                             9.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433827                  2005-03-31-00832-S                                        20304739                  Fixed                              Interest In Arrears                                    $ 31,528.00                                 $ 31,389.50                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433840                  2005-04-04-01092-S                                        20304754                  Fixed                              Interest In Arrears                                    $ 72,800.00                                 $ 72,461.19                  00/00/0000                                            11.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433836                  2005-04-06-00915-S                                        20304804                  Fixed                              Interest In Arrears                                    $ 47,000.00                                 $ 46,793.56                  00/00/0000                                            11.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433837                  2005-04-07-00329-S                                        20304812                  Fixed                              Interest In Arrears                                    $ 20,000.00                                 $ 19,899.87                  00/00/0000                                            10.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430540                  2004-10-27-01052-S                                        20304820                  Fixed                              Interest In Arrears                                    $ 33,000.00                                 $ 32,870.81                  00/00/0000                                            10.240
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431046                  2004-12-15-00356-S                                        20304846                  Fixed                              Interest In Arrears                                    $ 21,450.00                                 $ 21,312.93                  00/00/0000                                            12.990
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430539                  2004-10-27-01052                                          20304879                  Arm                                Interest Only                                         $ 132,000.00                                $ 132,000.00                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430589                  2004-12-01-00607                                          20304895                  Arm                                Interest In Arrears                                   $ 116,000.00                                $ 115,018.17                  00/00/0000                                             5.850
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431397                  2004-12-01-00680                                          20304903                  Arm                                Interest Only                                         $ 136,800.00                                $ 136,800.00                  00/00/0000                                             6.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430713                  2004-12-13-00447                                          20304929                  Fixed                              Interest In Arrears                                    $ 90,400.00                                 $ 89,121.69                  00/00/0000                                             8.400
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430590                  2004-12-15-00356                                          20304960                  Arm                                Interest In Arrears                                   $ 114,400.00                                $ 113,712.20                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430495                  2005-01-04-00393                                          20305066                  Arm                                Interest In Arrears                                    $ 78,300.00                                 $ 77,946.76                  00/00/0000                                             8.300
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430548                  2005-01-12-00805                                          20305157                  Arm                                Interest In Arrears                                   $ 126,000.00                                $ 125,437.33                  00/00/0000                                             8.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430571                  2005-01-12-00813                                          20305165                  Arm                                Interest In Arrears                                    $ 90,557.00                                 $ 90,044.56                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430588                  2005-01-18-00305                                          20305264                  Arm                                Interest Only                                          $ 57,600.00                                 $ 57,391.83                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431050                  2005-01-20-00354                                          20305348                  Arm                                Interest In Arrears                                   $ 128,628.00                                $ 128,149.48                  00/00/0000                                             7.550
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430763                  2005-01-21-00612                                          20305371                  Fixed                              Interest In Arrears                                    $ 92,000.00                                 $ 91,563.19                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431142                  2005-01-24-01040                                          20305421                  Arm                                Interest In Arrears                                   $ 149,200.00                                $ 148,793.58                  00/00/0000                                             9.400
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430998                  2005-01-24-01070                                          20305439                  Arm                                Interest In Arrears                                   $ 528,000.00                                $ 525,492.92                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430568                  2005-01-25-00774                                          20305454                  Arm                                Interest In Arrears                                    $ 50,850.00                                 $ 50,701.66                  00/00/0000                                             9.650
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430545                  2005-01-25-00800                                          20305462                  Arm                                Interest In Arrears                                   $ 155,000.00                                $ 154,456.89                  00/00/0000                                             7.850
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430581                  2005-01-26-00981                                          20305538                  Arm                                Interest Only                                         $ 414,000.00                                $ 414,000.00                  00/00/0000                                             5.650
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430551                  2005-01-31-00307                                          20305728                  Arm                                Interest Only                                         $ 344,000.00                                $ 343,999.33                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430585                  2005-01-31-01077                                          20305736                  Arm                                Interest Only                                         $ 278,363.00                                $ 278,351.00                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430550                  2005-01-31-01200                                          20305744                  Arm                                Interest In Arrears                                   $ 162,196.00                                $ 161,504.90                  00/00/0000                                             7.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430559                  2005-02-01-00282                                          20305793                  Arm                                Interest In Arrears                                   $ 113,600.00                                $ 113,115.97                  00/00/0000                                             7.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431297                  2005-02-01-00352                                          20305801                  Arm                                Interest In Arrears                                   $ 103,920.00                                $ 103,489.10                  00/00/0000                                             7.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431282                  2005-02-01-00821                                          20305835                  Arm                                Interest Only                                         $ 191,200.00                                $ 191,171.10                  00/00/0000                                             7.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430583                  2005-02-01-01055                                          20305850                  Fixed                              Interest In Arrears                                    $ 62,400.00                                 $ 62,144.56                  00/00/0000                                             8.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430570                  2005-02-02-00375                                          20305926                  Arm                                Interest In Arrears                                    $ 51,000.00                                 $ 50,797.89                  00/00/0000                                             9.750
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430584                  2005-02-02-00672                                          20305959                  Arm                                Interest In Arrears                                   $ 131,200.00                                $ 130,471.72                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430593                  2005-02-02-00675                                          20305967                  Arm                                Interest Only                                         $ 202,000.00                                $ 202,000.00                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430564                  2005-02-02-00690                                          20305975                  Arm                                Interest In Arrears                                    $ 94,459.00                                 $ 94,047.75                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430645                  2005-02-02-01268                                          20306015                  Fixed                              Interest In Arrears                                    $ 76,928.00                                 $ 76,599.52                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430496                  2005-02-03-00556                                          20306064                  Arm                                Interest Only                                         $ 450,000.00                                $ 450,000.00                  00/00/0000                                             6.400
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431351                  2005-02-03-01047                                          20306098                  Arm                                Interest In Arrears                                   $ 103,991.00                                $ 103,725.66                  00/00/0000                                             9.400
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430538                  2005-02-04-00004                                          20306114                  Arm                                Interest Only                                         $ 223,413.00                                $ 223,413.00                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431318                  2005-02-04-00076                                          20306130                  Arm                                Interest In Arrears                                    $ 71,962.00                                 $ 71,736.37                  00/00/0000                                             8.400
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431474                  2005-02-04-01120                                          20306221                  Arm                                Interest In Arrears                                   $ 154,806.00                                $ 154,020.29                  00/00/0000                                             5.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430594                  2005-02-07-00787                                          20306262                  Arm                                Interest Only                                         $ 333,750.00                                $ 333,750.00                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430586                  2005-02-07-00972                                          20306270                  Arm                                Interest Only                                         $ 252,000.00                                $ 252,000.00                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430556                  2005-02-07-01119                                          20306304                  Arm                                Interest Only                                         $ 200,000.00                                $ 199,696.91                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431083                  2005-02-08-00768                                          20306379                  Arm                                Interest In Arrears                                   $ 106,400.00                                $ 105,941.24                  00/00/0000                                             6.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430592                  2005-02-08-00841                                          20306395                  Arm                                Interest Only                                         $ 240,000.00                                $ 240,000.00                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430535                  2005-02-08-00897                                          20306411                  Arm                                Interest Only                                         $ 316,800.00                                $ 316,788.74                  00/00/0000                                             5.850
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430542                  2005-02-08-00899                                          20306429                  Fixed                              Interest In Arrears                                    $ 59,200.00                                 $ 58,855.28                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433854                  2005-02-08-01247                                          20306452                  Fixed                              Interest In Arrears                                   $ 300,000.00                                $ 298,874.26                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430578                  2005-02-08-01457                                          20306478                  Arm                                Interest In Arrears                                   $ 323,000.00                                $ 321,009.19                  00/00/0000                                             5.900
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430816                  2005-02-09-00693                                          20306510                  Fixed                              Interest In Arrears                                   $ 101,600.00                                $ 101,303.43                  00/00/0000                                             8.750
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431028                  2005-02-10-00293                                          20306585                  Arm                                Interest Only                                         $ 153,000.00                                $ 153,000.00                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430562                  2005-02-10-01242                                          20306684                  Arm                                Interest In Arrears                                   $ 210,000.00                                $ 209,157.48                  00/00/0000                                             8.100
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430565                  2005-02-11-00026                                          20306718                  Arm                                Interest In Arrears                                    $ 51,000.00                                 $ 50,880.36                  00/00/0000                                             9.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430543                  2005-02-11-00554                                          20306734                  Arm                                Interest In Arrears                                    $ 56,000.00                                 $ 55,786.41                  00/00/0000                                             8.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430555                  2005-02-14-00434                                          20306874                  Arm                                Interest In Arrears                                    $ 82,708.00                                 $ 82,398.90                  00/00/0000                                             8.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430554                  2005-02-14-00736                                          20306916                  Arm                                Interest In Arrears                                   $ 134,000.00                                $ 133,465.73                  00/00/0000                                             7.200
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431049                  2005-02-14-00887                                          20306940                  Arm                                Interest In Arrears                                   $ 127,275.00                                $ 126,850.89                  00/00/0000                                             8.100
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431443                  2005-02-14-00955                                          20306965                  Arm                                Interest In Arrears                                    $ 84,000.00                                 $ 83,735.89                  00/00/0000                                             8.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430740                  2005-02-14-01044                                          20306981                  Fixed                              Interest In Arrears                                   $ 152,000.00                                $ 151,341.45                  00/00/0000                                             7.200
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430795                  2005-02-14-01158                                          20307005                  Fixed                              Interest In Arrears                                    $ 52,000.00                                 $ 51,845.04                  00/00/0000                                             8.650
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430749                  2005-02-14-01232                                          20307013                  Fixed                              Interest In Arrears                                    $ 58,000.00                                 $ 57,740.06                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430544                  2005-02-15-00841                                          20307088                  Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,725.14                  00/00/0000                                             8.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430654                  2005-02-15-01152                                          20307120                  Fixed                              Interest Only                                          $ 56,800.00                                 $ 56,800.00                  00/00/0000                                             8.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431387                  2005-02-15-01314                                          20307153                  Arm                                Interest In Arrears                                   $ 172,842.00                                $ 172,021.33                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431250                  2005-02-15-01373                                          20307179                  Arm                                Interest Only                                         $ 355,200.00                                $ 355,200.00                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430819                  2005-02-15-01455                                          20307195                  Fixed                              Interest In Arrears                                    $ 76,995.00                                 $ 76,629.55                  00/00/0000                                             7.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430587                  2005-02-16-00358                                          20307278                  Arm                                Interest In Arrears                                   $ 176,000.00                                $ 175,188.03                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430768                  2005-02-16-00694                                          20307302                  Fixed                              Interest In Arrears                                   $ 188,800.00                                $ 187,945.58                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431270                  2005-02-16-00745                                          20307328                  Arm                                Interest In Arrears                                   $ 109,916.00                                $ 109,503.01                  00/00/0000                                             7.500
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430835                  2005-02-16-00836                                          20307336                  Arm                                Interest In Arrears                                   $ 209,950.00                                $ 209,403.05                  00/00/0000                                             9.300
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431241                  2005-02-17-00077                                          20307435                  Arm                                Interest In Arrears                                    $ 53,360.00                                 $ 53,212.42                  00/00/0000                                             7.900
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430796                  2005-02-17-00110                                          20307443                  Fixed                              Interest In Arrears                                   $ 496,800.00                                $ 494,418.42                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433931                  2005-02-17-00278                                          20307476                  Arm                                Interest In Arrears                                    $ 53,600.00                                 $ 53,499.79                  00/00/0000                                             9.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433925                  2005-02-17-00512                                          20307534                  Arm                                Interest Only                                         $ 168,000.00                                $ 168,000.00                  00/00/0000                                             7.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430561                  2005-02-17-01024                                          20307658                  Arm                                Interest In Arrears                                    $ 60,720.00                                 $ 60,490.73                  00/00/0000                                             8.400
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431423                  2005-02-18-00005                                          20307724                  Arm                                Interest Only                                         $ 384,000.00                                $ 384,000.00                  00/00/0000                                             7.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430809                  2005-02-18-00200                                          20307740                  Fixed                              Interest In Arrears                                   $ 164,700.00                                $ 164,079.92                  00/00/0000                                             7.490
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430560                  2005-02-18-00463                                          20307799                  Arm                                Interest In Arrears                                    $ 94,500.00                                 $ 94,072.58                  00/00/0000                                             7.500
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430492                  2005-02-18-00881                                          20307872                  Arm                                Interest In Arrears                                   $ 139,500.00                                $ 139,020.94                  00/00/0000                                             7.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431070                  2005-02-18-00924                                          20307898                  Arm                                Interest Only                                         $ 284,000.00                                $ 284,000.00                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430805                  2005-02-18-00960                                          20307914                  Fixed                              Interest In Arrears                                    $ 53,600.00                                 $ 53,402.55                  00/00/0000                                             7.600
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430797                  2005-02-18-01031                                          20307922                  Fixed                              Interest In Arrears                                   $ 362,500.00                                $ 360,788.55                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431333                  2005-02-19-00156                                          20307948                  Arm                                Interest In Arrears                                    $ 58,500.00                                 $ 58,367.03                  00/00/0000                                             9.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430787                  2005-02-19-00182                                          20307955                  Fixed                              Interest In Arrears                                   $ 250,000.00                                $ 248,766.73                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433920                  2005-02-21-00001                                          20307989                  Arm                                Interest In Arrears                                    $ 91,247.00                                 $ 91,044.58                  00/00/0000                                             9.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433904                  2005-02-21-00161                                          20308011                  Arm                                Interest Only                                          $ 64,000.00                                 $ 64,000.00                  00/00/0000                                             7.150
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430546                  2005-02-21-00255                                          20308037                  Fixed                              Interest In Arrears                                    $ 64,000.00                                 $ 63,856.04                  00/00/0000                                            10.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430553                  2005-02-21-00426                                          20308060                  Arm                                Interest In Arrears                                    $ 92,000.00                                 $ 91,667.82                  00/00/0000                                             7.700
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430563                  2005-02-21-00493                                          20308078                  Arm                                Interest In Arrears                                   $ 212,000.00                                $ 211,200.75                  00/00/0000                                             7.500
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431340                  2005-02-21-00544                                          20308086                  Arm                                Interest In Arrears                                    $ 65,250.00                                 $ 65,063.39                  00/00/0000                                             8.850
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430779                  2005-02-21-00669                                          20308102                  Fixed                              Interest In Arrears                                    $ 66,027.00                                 $ 65,822.09                  00/00/0000                                             8.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430771                  2005-02-21-00674                                          20308128                  Fixed                              Interest In Arrears                                    $ 91,800.00                                 $ 91,398.06                  00/00/0000                                             7.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431467                  2005-02-21-01088                                          20308235                  Arm                                Interest In Arrears                                    $ 82,000.00                                 $ 81,659.97                  00/00/0000                                             7.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430848                  2005-02-22-00508                                          20308359                  Arm                                Interest In Arrears                                    $ 71,100.00                                 $ 70,914.78                  00/00/0000                                             9.300
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430716                  2005-02-22-00715                                          20308383                  Fixed                              Interest Only                                         $ 135,160.00                                $ 135,145.84                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433879                  2005-02-23-00098                                          20308581                  Arm                                Interest In Arrears                                   $ 118,250.00                                $ 117,965.92                  00/00/0000                                             8.600
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430852                  2005-02-23-00157                                          20308607                  Arm                                Interest In Arrears                                    $ 56,000.00                                 $ 55,899.66                  00/00/0000                                            10.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430840                  2005-02-23-00463                                          20308649                  Arm                                Interest In Arrears                                   $ 113,386.00                                $ 113,048.18                  00/00/0000                                             8.650
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431421                  2005-02-23-00520                                          20308656                  Arm                                Interest In Arrears                                   $ 107,200.00                                $ 106,686.09                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431229                  2005-02-23-00728                                          20308698                  Arm                                Interest Only                                         $ 296,000.00                                $ 296,000.00                  00/00/0000                                             5.850
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430973                  2005-02-23-01091                                          20308789                  Arm                                Interest In Arrears                                    $ 68,555.00                                 $ 68,365.88                  00/00/0000                                             9.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430800                  2005-02-23-01192                                          20308797                  Fixed                              Interest In Arrears                                    $ 50,000.00                                 $ 49,854.05                  00/00/0000                                             8.750
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430955                  2005-02-23-01208                                          20308805                  Arm                                Interest Only                                         $ 112,000.00                                $ 112,000.00                  00/00/0000                                             5.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430933                  2005-02-23-01305                                          20308847                  Arm                                Interest Only                                         $ 217,680.00                                $ 217,680.00                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431459                  2005-02-24-00023                                          20308896                  Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,687.57                  00/00/0000                                             8.200
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430773                  2005-02-24-00094                                          20308904                  Fixed                              Interest In Arrears                                    $ 90,320.00                                 $ 89,938.09                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430762                  2005-02-24-00109                                          20308912                  Fixed                              Interest In Arrears                                    $ 67,200.00                                 $ 66,926.74                  00/00/0000                                             7.100
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430631                  2005-02-24-00440                                          20308961                  Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,620.74                  00/00/0000                                             7.650
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430916                  2005-02-24-00469                                          20308987                  Arm                                Interest Only                                         $ 195,200.00                                $ 195,200.00                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431098                  2005-02-24-00503                                          20309001                  Arm                                Interest In Arrears                                   $ 103,920.00                                $ 103,700.72                  00/00/0000                                            10.300
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430994                  2005-02-24-00650                                          20309084                  Arm                                Interest In Arrears                                   $ 127,200.00                                $ 126,717.29                  00/00/0000                                             7.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430837                  2005-02-24-00749                                          20309118                  Arm                                Interest In Arrears                                   $ 139,500.00                                $ 139,092.79                  00/00/0000                                             8.750
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431400                  2005-02-24-00982                                          20309159                  Arm                                Interest In Arrears                                   $ 103,120.00                                $ 102,828.14                  00/00/0000                                             8.900
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431339                  2005-02-24-01073                                          20309191                  Arm                                Interest In Arrears                                    $ 56,500.00                                 $ 56,338.43                  00/00/0000                                             8.850
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431104                  2005-02-24-01171                                          20309209                  Arm                                Interest Only                                         $ 576,000.00                                $ 576,000.00                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431245                  2005-02-24-01324                                          20309241                  Arm                                Interest In Arrears                                    $ 70,380.00                                 $ 70,135.84                  00/00/0000                                             7.900
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430897                  2005-02-25-00055                                          20309266                  Arm                                Interest In Arrears                                    $ 63,600.00                                 $ 63,377.84                  00/00/0000                                             7.900
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430742                  2005-02-25-00163                                          20309316                  Fixed                              Interest In Arrears                                    $ 78,960.00                                 $ 78,686.07                  00/00/0000                                             7.900
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431230                  2005-02-25-00291                                          20309340                  Arm                                Interest Only                                         $ 484,000.00                                $ 484,000.00                  00/00/0000                                             5.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431422                  2005-02-25-00385                                          20309365                  Arm                                Interest In Arrears                                   $ 124,720.00                                $ 124,307.46                  00/00/0000                                             7.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430572                  2005-02-25-00418                                          20309381                  Arm                                Interest In Arrears                                   $ 114,000.00                                $ 113,595.11                  00/00/0000                                             8.700
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430737                  2005-02-25-00424                                          20309407                  Fixed                              Interest In Arrears                                    $ 76,000.00                                 $ 75,728.33                  00/00/0000                                             7.750
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431128                  2005-02-25-00427                                          20309415                  Arm                                Interest Only                                         $ 264,000.00                                $ 264,000.00                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431449                  2005-02-25-00433                                          20309423                  Arm                                Interest In Arrears                                    $ 65,000.00                                 $ 64,816.54                  00/00/0000                                             7.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431322                  2005-02-25-00439                                          20309431                  Arm                                Interest In Arrears                                    $ 64,000.00                                 $ 63,866.36                  00/00/0000                                            10.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430943                  2005-02-25-00707                                          20309480                  Arm                                Interest In Arrears                                    $ 86,240.00                                 $ 85,860.88                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430759                  2005-02-25-00725                                          20309498                  Fixed                              Interest In Arrears                                    $ 50,000.00                                 $ 49,835.09                  00/00/0000                                             8.150
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431476                  2005-02-25-00890                                          20309522                  Arm                                Interest In Arrears                                   $ 260,000.00                                $ 258,439.30                  00/00/0000                                             5.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431148                  2005-02-25-00913                                          20309530                  Arm                                Interest Only                                         $ 360,000.00                                $ 360,000.00                  00/00/0000                                             5.200
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430778                  2005-02-25-01119                                          20309555                  Fixed                              Interest In Arrears                                    $ 63,325.00                                 $ 63,145.68                  00/00/0000                                             8.900
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430822                  2005-02-26-00118                                          20309589                  Fixed                              Interest In Arrears                                    $ 59,000.00                                 $ 58,861.57                  00/00/0000                                             9.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431306                  2005-02-26-00125                                          20309597                  Arm                                Interest Only                                          $ 64,000.00                                 $ 64,000.00                  00/00/0000                                             7.250
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431309                  2005-02-28-00030                                          20309621                  Arm                                Interest In Arrears                                    $ 69,300.00                                 $ 69,139.13                  00/00/0000                                             9.850
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431310                  2005-02-28-00095                                          20309662                  Arm                                Interest In Arrears                                    $ 69,300.00                                 $ 69,121.35                  00/00/0000                                             9.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430577                  2005-02-28-00122                                          20309670                  Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,379.11                  00/00/0000                                             5.850
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430971                  2005-02-28-00218                                          20309696                  Arm                                Interest In Arrears                                    $ 53,600.00                                 $ 53,415.41                  00/00/0000                                             7.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430815                  2005-02-28-00691                                          20309837                  Fixed                              Interest In Arrears                                    $ 80,880.00                                 $ 80,560.72                  00/00/0000                                             7.250
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433876                  2005-02-28-00756                                          20309852                  Arm                                Interest In Arrears                                   $ 124,000.00                                $ 123,660.44                  00/00/0000                                             7.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431252                  2005-02-28-00767                                          20309860                  Arm                                Interest Only                                          $ 96,000.00                                 $ 96,000.00                  00/00/0000                                             7.200
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430567                  2005-02-28-00912                                          20309894                  Arm                                Interest Only                                         $ 117,200.00                                $ 117,200.00                  00/00/0000                                             7.300
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433870                  2005-02-28-00960                                          20309928                  Arm                                Interest Only                                         $ 310,590.00                                $ 310,590.00                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430652                  2005-02-28-01002                                          20309951                  Fixed                              Interest In Arrears                                   $ 144,000.00                                $ 143,375.42                  00/00/0000                                             6.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431150                  2005-02-28-01027                                          20309969                  Arm                                Interest Only                                         $ 272,000.00                                $ 272,000.00                  00/00/0000                                             6.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430679                  2005-02-28-01064                                          20309985                  Fixed                              Interest In Arrears                                    $ 75,600.00                                 $ 75,258.86                  00/00/0000                                             7.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431483                  2005-02-28-01143                                          20310009                  Arm                                Interest In Arrears                                   $ 271,600.00                                $ 270,014.03                  00/00/0000                                             5.200
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431432                  2005-02-28-01176                                          20310017                  Arm                                Interest In Arrears                                    $ 69,600.00                                 $ 69,346.27                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433868                  2005-02-28-01268                                          20310058                  Arm                                Interest In Arrears                                   $ 244,000.00                                $ 242,445.98                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431444                  2005-02-28-01276                                          20310066                  Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,780.56                  00/00/0000                                            10.300
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430704                  2005-02-28-01309                                          20310082                  Fixed                              Interest In Arrears                                   $ 269,300.00                                $ 267,607.56                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431253                  2005-02-28-01313                                          20310090                  Arm                                Interest Only                                         $ 352,000.00                                $ 351,999.37                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430712                  2005-02-28-01334                                          20310108                  Fixed                              Interest Only                                         $ 133,654.00                                $ 133,610.56                  00/00/0000                                             7.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431369                  2005-03-01-00031                                          20310132                  Arm                                Interest In Arrears                                   $ 143,920.00                                $ 143,293.44                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431236                  2005-03-01-00060                                          20310157                  Arm                                Interest In Arrears                                    $ 64,800.00                                 $ 64,561.29                  00/00/0000                                             7.600
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431263                  2005-03-01-00074                                          20310165                  Arm                                Interest In Arrears                                   $ 194,750.00                                $ 194,014.92                  00/00/0000                                             8.550
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430921                  2005-03-01-00147                                          20310173                  Arm                                Interest In Arrears                                    $ 90,560.00                                 $ 90,261.62                  00/00/0000                                             7.600
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431051                  2005-03-01-00390                                          20310215                  Arm                                Interest In Arrears                                   $ 366,278.00                                $ 364,744.28                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430685                  2005-03-01-00406                                          20310223                  Fixed                              Interest In Arrears                                   $ 115,000.00                                $ 114,457.85                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431458                  2005-03-01-00717                                          20310330                  Arm                                Interest In Arrears                                    $ 68,400.00                                 $ 68,096.41                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431167                  2005-03-01-00810                                          20310355                  Arm                                Interest Only                                          $ 78,400.00                                 $ 78,400.00                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430739                  2005-03-01-01053                                          20310397                  Fixed                              Interest In Arrears                                   $ 120,000.00                                $ 119,566.72                  00/00/0000                                             7.700
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431420                  2005-03-01-01105                                          20310413                  Arm                                Interest Only                                         $ 159,192.00                                $ 159,192.00                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431019                  2005-03-01-01177                                          20310447                  Arm                                Interest In Arrears                                   $ 110,000.00                                $ 109,548.33                  00/00/0000                                             7.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431255                  2005-03-01-01316                                          20310462                  Arm                                Interest Only                                         $ 122,400.00                                $ 122,400.00                  00/00/0000                                             7.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430959                  2005-03-01-01317                                          20310470                  Arm                                Interest In Arrears                                    $ 70,320.00                                 $ 70,134.87                  00/00/0000                                             9.250
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430851                  2005-03-01-01434                                          20310546                  Arm                                Interest Only                                         $ 156,000.00                                $ 156,000.00                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430993                  2005-03-02-00020                                          20310553                  Arm                                Interest In Arrears                                   $ 155,700.00                                $ 155,286.38                  00/00/0000                                             8.100
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430579                  2005-03-02-00038                                          20310587                  Arm                                Interest In Arrears                                   $ 115,200.00                                $ 114,767.13                  00/00/0000                                             7.500
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430694                  2005-03-02-00083                                          20310629                  Fixed                              Interest In Arrears                                    $ 58,360.00                                 $ 58,125.00                  00/00/0000                                             7.150
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431030                  2005-03-02-00099                                          20310645                  Arm                                Interest Only                                         $ 332,000.00                                $ 332,000.00                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430745                  2005-03-02-00107                                          20310652                  Fixed                              Interest In Arrears                                    $ 50,000.00                                 $ 49,830.01                  00/00/0000                                             8.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430942                  2005-03-02-00257                                          20310702                  Arm                                Interest Only                                         $ 111,920.00                                $ 111,919.99                  00/00/0000                                             8.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431299                  2005-03-02-00306                                          20310728                  Arm                                Interest Only                                         $ 149,200.00                                $ 149,200.00                  00/00/0000                                             7.200
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430665                  2005-03-02-00344                                          20310744                  Fixed                              Interest In Arrears                                    $ 72,000.00                                 $ 71,752.74                  00/00/0000                                             7.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431286                  2005-03-02-00439                                          20310801                  Arm                                Interest In Arrears                                    $ 84,800.00                                 $ 84,449.97                  00/00/0000                                             5.850
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431338                  2005-03-02-00550                                          20310850                  Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,697.82                  00/00/0000                                            10.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430660                  2005-03-02-00560                                          20310868                  Fixed                              Interest In Arrears                                    $ 70,000.00                                 $ 69,731.70                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431007                  2005-03-02-00677                                          20310884                  Arm                                Interest In Arrears                                   $ 111,920.00                                $ 111,523.89                  00/00/0000                                             7.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431090                  2005-03-02-00728                                          20310926                  Arm                                Interest In Arrears                                    $ 70,384.00                                 $ 70,162.40                  00/00/0000                                             7.250
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431101                  2005-03-02-00844                                          20310967                  Arm                                Interest In Arrears                                    $ 85,200.00                                 $ 85,022.11                  00/00/0000                                            10.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430871                  2005-03-02-00847                                          20310975                  Arm                                Interest In Arrears                                   $ 103,120.00                                $ 102,743.59                  00/00/0000                                             7.650
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430552                  2005-03-02-00931                                          20311007                  Arm                                Interest In Arrears                                    $ 72,800.00                                 $ 72,506.85                  00/00/0000                                             7.150
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430706                  2005-03-02-01069                                          20311072                  Fixed                              Interest In Arrears                                    $ 84,050.00                                 $ 83,789.11                  00/00/0000                                             8.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430827                  2005-03-02-01084                                          20311098                  Fixed                              Interest In Arrears                                    $ 78,400.00                                 $ 78,133.46                  00/00/0000                                             8.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431372                  2005-03-02-01116                                          20311114                  Arm                                Interest In Arrears                                   $ 265,500.00                                $ 264,611.95                  00/00/0000                                             8.100
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431185                  2005-03-02-01189                                          20311155                  Arm                                Interest In Arrears                                   $ 103,920.00                                $ 103,613.09                  00/00/0000                                             8.900
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431084                  2005-03-02-01191                                          20311163                  Arm                                Interest In Arrears                                   $ 140,000.00                                $ 139,413.77                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431412                  2005-03-02-01197                                          20311171                  Arm                                Interest Only                                         $ 328,000.00                                $ 328,000.00                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430786                  2005-03-03-00125                                          20311254                  Fixed                              Interest In Arrears                                   $ 111,920.00                                $ 111,523.56                  00/00/0000                                             7.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430834                  2005-03-03-00191                                          20311270                  Fixed                              Interest In Arrears                                    $ 79,200.00                                 $ 78,879.79                  00/00/0000                                             7.600
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430839                  2005-03-03-00372                                          20311320                  Arm                                Interest In Arrears                                   $ 184,500.00                                $ 183,891.41                  00/00/0000                                             8.150
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431000                  2005-03-03-00391                                          20311346                  Arm                                Interest In Arrears                                    $ 62,000.00                                 $ 61,735.29                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430966                  2005-03-03-00474                                          20311379                  Arm                                Interest In Arrears                                   $ 118,320.00                                $ 117,834.18                  00/00/0000                                             7.050
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430655                  2005-03-03-00491                                          20311387                  Fixed                              Interest In Arrears                                    $ 76,050.00                                 $ 75,895.38                  00/00/0000                                             9.400
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431427                  2005-03-03-00599                                          20311437                  Arm                                Interest In Arrears                                   $ 106,320.00                                $ 106,070.57                  00/00/0000                                             9.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431260                  2005-03-03-00631                                          20311445                  Arm                                Interest Only                                         $ 184,000.00                                $ 183,892.39                  00/00/0000                                             7.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431008                  2005-03-03-00737                                          20311460                  Arm                                Interest In Arrears                                   $ 223,200.00                                $ 222,199.61                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431326                  2005-03-03-01021                                          20311494                  Arm                                Interest Only                                         $ 340,000.00                                $ 340,000.00                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430761                  2005-03-03-01077                                          20311502                  Fixed                              Interest In Arrears                                   $ 111,320.00                                $ 110,610.48                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431181                  2005-03-03-01154                                          20311536                  Arm                                Interest Only                                         $ 399,200.00                                $ 399,200.00                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430757                  2005-03-03-01304                                          20311544                  Fixed                              Interest In Arrears                                   $ 268,000.00                                $ 266,727.46                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431129                  2005-03-04-00006                                          20311569                  Arm                                Interest In Arrears                                    $ 60,800.00                                 $ 60,564.64                  00/00/0000                                             7.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430985                  2005-03-04-00132                                          20311585                  Arm                                Interest Only                                         $ 117,200.00                                $ 117,200.00                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430885                  2005-03-04-00136                                          20311593                  Arm                                Interest In Arrears                                    $ 76,000.00                                 $ 75,708.71                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430566                  2005-03-04-00234                                          20311635                  Arm                                Interest Only                                          $ 91,200.00                                 $ 91,200.00                  00/00/0000                                             8.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431348                  2005-03-04-00286                                          20311650                  Arm                                Interest Only                                         $ 181,926.00                                $ 181,926.00                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431320                  2005-03-04-00408                                          20311676                  Arm                                Interest In Arrears                                    $ 64,590.00                                 $ 64,444.38                  00/00/0000                                            10.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433853                  2005-03-04-00457                                          20311700                  Fixed                              Interest In Arrears                                    $ 53,600.00                                 $ 53,444.12                  00/00/0000                                             7.650
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431217                  2005-03-04-00479                                          20311718                  Arm                                Interest In Arrears                                    $ 89,000.00                                 $ 88,648.63                  00/00/0000                                             7.250
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333433886                  2005-03-04-00536                                          20311742                  Arm                                Interest Only                                         $ 143,920.00                                $ 143,893.57                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431363                  2005-03-04-00652                                          20311775                  Arm                                Interest In Arrears                                    $ 76,450.00                                 $ 76,190.09                  00/00/0000                                             8.000
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431352                  2005-03-04-00666                                          20311783                  Arm                                Interest Only                                         $ 301,500.00                                $ 301,499.01                  00/00/0000                                             5.900
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431060                  2005-03-04-00674                                          20311791                  Arm                                Interest In Arrears                                   $ 136,000.00                                $ 135,483.89                  00/00/0000                                             7.450
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431179                  2005-03-04-00823                                          20311817                  Arm                                Interest Only                                          $ 68,850.00                                 $ 68,850.00                  00/00/0000                                             9.250
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430964                  2005-03-04-00856                                          20311841                  Arm                                Interest Only                                         $ 138,400.00                                $ 138,400.00                  00/00/0000                                             6.800
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333431020                  2005-03-04-00887                                          20311866                  Arm                                Interest Only                                         $ 264,000.00                                $ 264,000.00                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0428                                  333430722                  2005-03-04-01009                                          20311916                  Fixed                              Interest In Arrears                                    $ 60,000.00                                 $ 59,840.60                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430965                  2005-03-04-01183                                          20311973                  Arm                                Interest Only                                         $ 243,680.00                                $ 243,680.00                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333430719                  2005-03-04-01193                                          20311981                  Fixed                              Interest In Arrears                                    $ 92,000.00                                 $ 91,591.62                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431123                  2005-03-05-00038                                          20311999                  Arm                                Interest Only                                         $ 226,400.00                                $ 226,400.00                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333431177                  2005-03-05-00150                                          20312013                  Arm                                Interest In Arrears                                   $ 373,000.00                                $ 371,717.09                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431353                  2005-03-06-00087                                          20312039                  Arm                                Interest Only                                         $ 294,750.00                                $ 294,745.78                  00/00/0000                                             5.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333431426                  2005-03-07-00052                                          20312054                  Arm                                Interest In Arrears                                    $ 87,920.00                                 $ 87,730.45                  00/00/0000                                            10.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431017                  2005-03-07-00075                                          20312062                  Arm                                Interest In Arrears                                    $ 89,600.00                                 $ 89,396.32                  00/00/0000                                             9.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430670                  2005-03-07-00077                                          20312070                  Fixed                              Interest In Arrears                                   $ 104,250.00                                $ 103,928.18                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333431077                  2005-03-07-00218                                          20312120                  Arm                                Interest In Arrears                                    $ 78,392.00                                 $ 78,070.09                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333430576                  2005-03-07-00228                                          20312138                  Arm                                Interest In Arrears                                    $ 80,000.00                                 $ 79,751.69                  00/00/0000                                             8.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333430711                  2005-03-07-00327                                          20312161                  Fixed                              Interest In Arrears                                    $ 90,320.00                                 $ 89,822.35                  00/00/0000                                             8.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431406                  2005-03-07-00354                                          20312179                  Arm                                Interest In Arrears                                    $ 53,600.00                                 $ 53,495.51                  00/00/0000                                             9.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430927                  2005-03-07-00468                                          20312203                  Arm                                Interest In Arrears                                   $ 123,680.00                                $ 123,420.56                  00/00/0000                                             9.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431450                  2005-03-07-00553                                          20312237                  Arm                                Interest In Arrears                                   $ 148,400.00                                $ 148,051.82                  00/00/0000                                             9.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431078                  2005-03-07-00584                                          20312245                  Arm                                Interest In Arrears                                    $ 84,800.00                                 $ 84,492.14                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333430630                  2005-03-07-00591                                          20312260                  Arm                                Interest In Arrears                                   $ 114,300.00                                $ 113,955.08                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333431227                  2005-03-07-00619                                          20312286                  Arm                                Interest In Arrears                                   $ 100,720.00                                $ 100,348.99                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431138                  2005-03-07-00826                                          20312369                  Arm                                Interest Only                                         $ 158,400.00                                $ 158,400.00                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431431                  2005-03-07-00828                                          20312377                  Arm                                Interest Only                                         $ 118,880.00                                $ 118,880.00                  00/00/0000                                             6.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431168                  2005-03-07-00856                                          20312401                  Arm                                Interest In Arrears                                    $ 77,600.00                                 $ 77,238.56                  00/00/0000                                             6.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431240                  2005-03-07-00911                                          20312427                  Arm                                Interest Only                                         $ 272,000.00                                $ 272,000.00                  00/00/0000                                             5.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333430657                  2005-03-07-00966                                          20312443                  Fixed                              Interest In Arrears                                   $ 101,250.00                                $ 100,846.34                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333430734                  2005-03-07-00968                                          20312450                  Fixed                              Interest In Arrears                                    $ 93,548.00                                 $ 93,206.83                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431482                  2005-03-07-00994                                          20312468                  Arm                                Interest In Arrears                                   $ 135,900.00                                $ 135,432.74                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430661                  2005-03-07-01150                                          20312484                  Fixed                              Interest In Arrears                                   $ 230,000.00                                $ 228,998.66                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333430682                  2005-03-07-01311                                          20312518                  Fixed                              Interest In Arrears                                   $ 101,000.00                                $ 100,515.84                  00/00/0000                                             6.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430783                  2005-03-07-01355                                          20312526                  Fixed                              Interest In Arrears                                    $ 84,800.00                                 $ 84,490.73                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431239                  2005-03-07-01366                                          20312534                  Arm                                Interest Only                                         $ 103,120.00                                $ 103,120.00                  00/00/0000                                             6.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333430801                  2005-03-07-01392                                          20312559                  Fixed                              Interest In Arrears                                   $ 348,000.00                                $ 346,201.09                  00/00/0000                                             5.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430982                  2005-03-07-01445                                          20312567                  Arm                                Interest Only                                         $ 280,000.00                                $ 280,000.00                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430950                  2005-03-07-01515                                          20312591                  Arm                                Interest In Arrears                                   $ 120,150.00                                $ 119,689.53                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333430686                  2005-03-08-00044                                          20312617                  Fixed                              Interest In Arrears                                   $ 126,000.00                                $ 125,567.25                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430831                  2005-03-08-00068                                          20312625                  Fixed                              Interest In Arrears                                   $ 126,400.00                                $ 125,958.92                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431012                  2005-03-08-00079                                          20312641                  Arm                                Interest In Arrears                                    $ 74,000.00                                 $ 73,687.12                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333430899                  2005-03-08-00110                                          20312658                  Arm                                Interest In Arrears                                    $ 71,713.00                                 $ 71,533.83                  00/00/0000                                             9.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333431447                  2005-03-08-00128                                          20312666                  Arm                                Interest In Arrears                                   $ 177,600.00                                $ 176,834.27                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333433936                  2005-03-08-00150                                          20312674                  Arm                                Interest In Arrears                                    $ 84,525.00                                 $ 84,258.84                  00/00/0000                                             7.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430918                  2005-03-08-00165                                          20312690                  Arm                                Interest In Arrears                                   $ 134,656.00                                $ 134,275.97                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431284                  2005-03-08-00260                                          20312716                  Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,753.46                  00/00/0000                                             9.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333430442                  2005-03-08-00282                                          20312724                  Fixed                              Interest In Arrears                                    $ 87,000.00                                 $ 85,563.55                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431383                  2005-03-08-00340                                          20312757                  Arm                                Interest In Arrears                                   $ 128,000.00                                $ 127,686.52                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333433922                  2005-03-08-00396                                          20312781                  Arm                                Interest In Arrears                                    $ 95,999.00                                 $ 95,825.06                  00/00/0000                                             9.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430957                  2005-03-08-00444                                          20312815                  Arm                                Interest Only                                         $ 157,600.00                                $ 157,600.00                  00/00/0000                                             5.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430990                  2005-03-08-00531                                          20312856                  Arm                                Interest In Arrears                                   $ 145,920.00                                $ 145,206.98                  00/00/0000                                             6.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333431117                  2005-03-08-00538                                          20312864                  Arm                                Interest In Arrears                                    $ 82,150.00                                 $ 81,859.28                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431418                  2005-03-08-00543                                          20312872                  Arm                                Interest In Arrears                                    $ 72,800.00                                 $ 72,503.99                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333431266                  2005-03-08-00574                                          20312898                  Arm                                Interest Only                                         $ 356,376.00                                $ 356,376.00                  00/00/0000                                             5.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431151                  2005-03-08-00642                                          20312948                  Arm                                Interest In Arrears                                    $ 88,000.00                                 $ 87,791.34                  00/00/0000                                             9.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431281                  2005-03-08-00766                                          20313011                  Arm                                Interest In Arrears                                    $ 57,600.00                                 $ 57,470.46                  00/00/0000                                            10.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333431093                  2005-03-08-00770                                          20313029                  Arm                                Interest In Arrears                                   $ 335,750.00                                $ 334,728.99                  00/00/0000                                             8.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430905                  2005-03-08-00835                                          20313060                  Arm                                Interest Only                                         $ 175,110.00                                $ 175,109.66                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333430718                  2005-03-08-00849                                          20313086                  Fixed                              Interest In Arrears                                   $ 170,000.00                                $ 169,433.56                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430741                  2005-03-08-00874                                          20313128                  Fixed                              Interest In Arrears                                    $ 93,005.00                                 $ 92,739.07                  00/00/0000                                             8.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333431175                  2005-03-08-00890                                          20313144                  Arm                                Interest In Arrears                                    $ 63,200.00                                 $ 62,957.79                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431072                  2005-03-08-00893                                          20313169                  Arm                                Interest In Arrears                                    $ 72,990.00                                 $ 72,738.50                  00/00/0000                                             9.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333431073                  2005-03-08-00920                                          20313177                  Arm                                Interest In Arrears                                    $ 72,990.00                                 $ 72,758.81                  00/00/0000                                             9.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333430650                  2005-03-08-00928                                          20313185                  Fixed                              Interest Only                                         $ 112,000.00                                $ 111,868.16                  00/00/0000                                             7.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333430701                  2005-03-08-00994                                          20313201                  Fixed                              Interest In Arrears                                   $ 272,000.00                                $ 270,658.21                  00/00/0000                                             6.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333431159                  2005-03-08-01203                                          20313284                  Arm                                Interest Only                                         $ 241,600.00                                $ 241,578.26                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430986                  2005-03-08-01277                                          20313334                  Arm                                Interest Only                                         $ 205,600.00                                $ 205,600.00                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333430678                  2005-03-08-01296                                          20313342                  Fixed                              Interest In Arrears                                   $ 339,200.00                                $ 337,677.00                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430932                  2005-03-08-01318                                          20313367                  Arm                                Interest In Arrears                                    $ 81,000.00                                 $ 80,757.30                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333431344                  2005-03-08-01388                                          20313383                  Arm                                Interest In Arrears                                   $ 144,000.00                                $ 143,691.57                  00/00/0000                                             9.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333431303                  2005-03-08-01407                                          20313391                  Arm                                Interest In Arrears                                    $ 96,800.00                                 $ 96,471.75                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333431360                  2005-03-09-00056                                          20313417                  Arm                                Interest In Arrears                                   $ 159,734.90                                $ 159,035.05                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333431034                  2005-03-09-00083                                          20313441                  Arm                                Interest In Arrears                                    $ 94,320.00                                 $ 93,897.28                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430928                  2005-03-09-00105                                          20313458                  Arm                                Interest Only                                          $ 59,488.00                                 $ 59,488.00                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333430811                  2005-03-09-00109                                          20313466                  Fixed                              Interest In Arrears                                   $ 108,000.00                                $ 107,565.14                  00/00/0000                                             7.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333431210                  2005-03-09-00194                                          20313508                  Arm                                Interest Only                                          $ 78,880.00                                 $ 78,880.00                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431258                  2005-03-09-00268                                          20313524                  Arm                                Interest In Arrears                                   $ 189,750.00                                $ 188,939.83                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333431408                  2005-03-09-00294                                          20313532                  Arm                                Interest In Arrears                                    $ 50,160.00                                 $ 49,997.84                  00/00/0000                                             8.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430876                  2005-03-09-00306                                          20313557                  Arm                                Interest Only                                          $ 88,000.00                                 $ 87,999.80                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333433880                  2005-03-09-00352                                          20313565                  Arm                                Interest Only                                          $ 75,600.00                                 $ 75,600.00                  00/00/0000                                             8.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333430629                  2005-03-09-00370                                          20313581                  Arm                                Interest Only                                         $ 191,200.00                                $ 191,200.00                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430909                  2005-03-09-00432                                          20313615                  Arm                                Interest In Arrears                                    $ 66,025.00                                 $ 65,872.95                  00/00/0000                                             8.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431365                  2005-03-09-00460                                          20313631                  Arm                                Interest Only                                         $ 189,464.00                                $ 189,464.00                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333430750                  2005-03-09-00549                                          20313664                  Fixed                              Interest In Arrears                                    $ 89,200.00                                 $ 88,925.97                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333431472                  2005-03-09-00642                                          20313706                  Arm                                Interest In Arrears                                   $ 163,782.00                                $ 162,580.27                  00/00/0000                                             5.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431404                  2005-03-09-00644                                          20313714                  Arm                                Interest In Arrears                                   $ 248,000.00                                $ 247,122.26                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431170                  2005-03-09-00685                                          20313748                  Arm                                Interest In Arrears                                    $ 86,000.00                                 $ 85,639.87                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431388                  2005-03-09-00695                                          20313755                  Arm                                Interest In Arrears                                    $ 66,000.00                                 $ 65,718.20                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430949                  2005-03-09-00738                                          20313771                  Arm                                Interest In Arrears                                    $ 71,155.00                                 $ 70,973.47                  00/00/0000                                             8.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333430720                  2005-03-09-00748                                          20313789                  Fixed                              Interest In Arrears                                    $ 59,200.00                                 $ 58,947.24                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333431057                  2005-03-09-00771                                          20313797                  Arm                                Interest In Arrears                                    $ 57,600.00                                 $ 57,432.49                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431082                  2005-03-09-00847                                          20313821                  Arm                                Interest Only                                         $ 179,920.00                                $ 179,920.00                  00/00/0000                                             5.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333433909                  2005-03-09-00849                                          20313839                  Arm                                Interest Only                                         $ 303,920.00                                $ 303,920.00                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431298                  2005-03-09-00858                                          20313847                  Arm                                Interest In Arrears                                    $ 72,400.00                                 $ 72,133.31                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430541                  2005-03-09-00900                                          20313896                  Arm                                Interest In Arrears                                    $ 80,800.00                                 $ 80,536.14                  00/00/0000                                             8.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431133                  2005-03-09-00908                                          20313904                  Arm                                Interest Only                                         $ 139,200.00                                $ 139,200.00                  00/00/0000                                             6.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431048                  2005-03-09-00981                                          20313938                  Arm                                Interest Only                                          $ 63,200.00                                 $ 63,200.00                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431071                  2005-03-09-00991                                          20313946                  Arm                                Interest In Arrears                                   $ 167,920.00                                $ 167,250.52                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431076                  2005-03-09-01032                                          20313979                  Arm                                Interest Only                                         $ 143,920.00                                $ 143,920.00                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333433875                  2005-03-09-01035                                          20313987                  Arm                                Interest In Arrears                                   $ 325,800.00                                $ 324,657.40                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431433                  2005-03-09-01039                                          20313995                  Arm                                Interest Only                                         $ 185,600.00                                $ 185,595.33                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430903                  2005-03-09-01172                                          20314027                  Arm                                Interest In Arrears                                    $ 88,800.00                                 $ 88,483.66                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333430823                  2005-03-09-01196                                          20314035                  Fixed                              Interest In Arrears                                   $ 420,000.00                                $ 417,928.14                  00/00/0000                                             6.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430609                  2005-03-09-01201                                          20314043                  Arm                                Interest In Arrears                                    $ 58,400.00                                 $ 58,203.03                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431332                  2005-03-09-01210                                          20314050                  Arm                                Interest In Arrears                                    $ 78,320.00                                 $ 78,031.51                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431411                  2005-03-09-01248                                          20314092                  Arm                                Interest In Arrears                                    $ 83,200.00                                 $ 82,905.39                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431106                  2005-03-09-01395                                          20314142                  Arm                                Interest In Arrears                                   $ 192,950.00                                $ 192,280.66                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431234                  2005-03-10-00012                                          20314167                  Arm                                Interest In Arrears                                    $ 67,920.00                                 $ 67,711.31                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333431373                  2005-03-10-00035                                          20314175                  Arm                                Interest In Arrears                                    $ 66,400.00                                 $ 66,235.01                  00/00/0000                                             9.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430988                  2005-03-10-00053                                          20314183                  Arm                                Interest In Arrears                                    $ 88,800.00                                 $ 88,491.49                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431033                  2005-03-10-00132                                          20314233                  Arm                                Interest In Arrears                                    $ 61,600.00                                 $ 61,455.49                  00/00/0000                                             9.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333430732                  2005-03-10-00142                                          20314266                  Fixed                              Interest In Arrears                                   $ 102,560.00                                $ 102,142.97                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430754                  2005-03-10-00187                                          20314274                  Fixed                              Interest In Arrears                                    $ 44,800.00                                 $ 44,650.75                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333431176                  2005-03-10-00215                                          20314282                  Arm                                Interest In Arrears                                   $ 106,628.00                                $ 106,194.47                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430925                  2005-03-10-00257                                          20314290                  Arm                                Interest In Arrears                                   $ 107,610.00                                $ 107,324.12                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333431153                  2005-03-10-00361                                          20314324                  Arm                                Interest Only                                         $ 138,800.00                                $ 138,800.00                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431152                  2005-03-10-00367                                          20314332                  Arm                                Interest In Arrears                                   $ 101,600.00                                $ 101,329.75                  00/00/0000                                             9.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333430790                  2005-03-10-00374                                          20314357                  Fixed                              Interest In Arrears                                    $ 60,000.00                                 $ 59,785.50                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431193                  2005-03-10-00401                                          20314373                  Arm                                Interest Only                                         $ 122,626.00                                $ 122,626.00                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333431262                  2005-03-10-00497                                          20314407                  Arm                                Interest In Arrears                                    $ 52,720.00                                 $ 52,608.72                  00/00/0000                                            10.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431162                  2005-03-10-00580                                          20314415                  Arm                                Interest In Arrears                                   $ 165,000.00                                $ 164,508.39                  00/00/0000                                             8.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333430970                  2005-03-10-00581                                          20314423                  Arm                                Interest In Arrears                                    $ 78,850.00                                 $ 78,615.08                  00/00/0000                                             8.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333430995                  2005-03-10-00629                                          20314431                  Arm                                Interest In Arrears                                    $ 58,000.00                                 $ 57,740.06                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430699                  2005-03-10-00653                                          20314464                  Fixed                              Interest In Arrears                                    $ 66,080.00                                 $ 65,821.66                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431249                  2005-03-10-00803                                          20314480                  Arm                                Interest In Arrears                                    $ 88,200.00                                 $ 87,965.68                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430707                  2005-03-10-00867                                          20314530                  Fixed                              Interest In Arrears                                   $ 343,000.00                                $ 341,175.14                  00/00/0000                                             5.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431442                  2005-03-10-00930                                          20314571                  Arm                                Interest Only                                         $ 356,000.00                                $ 356,000.00                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431376                  2005-03-10-01035                                          20314613                  Arm                                Interest In Arrears                                   $ 117,205.00                                $ 116,838.22                  00/00/0000                                             8.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333430602                  2005-03-10-01040                                          20314639                  Fixed                              Interest In Arrears                                   $ 310,000.00                                $ 304,661.51                  00/00/0000                                             6.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430726                  2005-03-10-01049                                          20314647                  Fixed                              Interest In Arrears                                   $ 102,591.00                                $ 101,250.17                  00/00/0000                                             9.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333431226                  2005-03-10-01082                                          20314654                  Arm                                Interest Only                                          $ 83,200.00                                 $ 83,200.00                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333431374                  2005-03-10-01083                                          20314662                  Arm                                Interest Only                                         $ 256,960.00                                $ 256,960.00                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430681                  2005-03-10-01205                                          20314704                  Fixed                              Interest In Arrears                                   $ 112,000.00                                $ 111,267.19                  00/00/0000                                             6.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430755                  2005-03-10-01228                                          20314712                  Fixed                              Interest In Arrears                                   $ 277,200.00                                $ 275,993.20                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333430853                  2005-03-10-01233                                          20314720                  Arm                                Interest In Arrears                                   $ 124,075.00                                $ 123,701.50                  00/00/0000                                             8.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430821                  2005-03-10-01237                                          20314738                  Fixed                              Interest In Arrears                                   $ 160,000.00                                $ 159,345.79                  00/00/0000                                             5.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333430600                  2005-03-10-01293                                          20314746                  Fixed                              Interest In Arrears                                   $ 165,000.00                                $ 164,374.86                  00/00/0000                                             6.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431354                  2005-03-11-00011                                          20314753                  Arm                                Interest In Arrears                                   $ 100,400.00                                $ 100,174.21                  00/00/0000                                            10.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333430733                  2005-03-11-00017                                          20314761                  Fixed                              Interest In Arrears                                    $ 53,000.00                                 $ 52,828.69                  00/00/0000                                             8.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430746                  2005-03-11-00053                                          20314787                  Fixed                              Interest In Arrears                                   $ 378,250.00                                $ 376,650.60                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431307                  2005-03-11-00110                                          20314803                  Arm                                Interest Only                                         $ 108,800.00                                $ 108,795.29                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333431131                  2005-03-11-00123                                          20314811                  Arm                                Interest In Arrears                                    $ 98,320.00                                 $ 97,975.50                  00/00/0000                                             7.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430976                  2005-03-11-00142                                          20314845                  Arm                                Interest Only                                         $ 143,920.00                                $ 143,523.81                  00/00/0000                                             7.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430910                  2005-03-11-00177                                          20314852                  Arm                                Interest In Arrears                                    $ 55,200.00                                 $ 55,033.84                  00/00/0000                                             8.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431475                  2005-03-11-00242                                          20314878                  Arm                                Interest In Arrears                                    $ 98,320.00                                 $ 98,021.02                  00/00/0000                                             8.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430886                  2005-03-11-00249                                          20314894                  Arm                                Interest Only                                         $ 264,000.00                                $ 264,000.00                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333431094                  2005-03-11-00275                                          20314910                  Arm                                Interest In Arrears                                   $ 177,600.00                                $ 176,939.28                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333431410                  2005-03-11-00294                                          20314936                  Arm                                Interest In Arrears                                   $ 134,400.00                                $ 133,820.52                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333430613                  2005-03-11-00342                                          20314969                  Arm                                Interest Only                                         $ 251,200.00                                $ 251,200.00                  00/00/0000                                             6.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431121                  2005-03-11-00396                                          20315008                  Arm                                Interest In Arrears                                    $ 52,800.00                                 $ 52,654.99                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431440                  2005-03-11-00431                                          20315032                  Arm                                Interest In Arrears                                    $ 95,200.00                                 $ 94,956.46                  00/00/0000                                             8.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333430766                  2005-03-11-00453                                          20315040                  Fixed                              Interest In Arrears                                    $ 64,800.00                                 $ 64,558.94                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333433908                  2005-03-11-00579                                          20315099                  Arm                                Interest In Arrears                                   $ 288,000.00                                $ 287,019.04                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333431155                  2005-03-11-00619                                          20315123                  Arm                                Interest Only                                         $ 304,000.00                                $ 303,998.99                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430642                  2005-03-11-00752                                          20315156                  Fixed                              Interest In Arrears                                    $ 91,200.00                                 $ 90,814.39                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333430617                  2005-03-11-00791                                          20315172                  Arm                                Interest In Arrears                                   $ 161,950.00                                $ 161,431.81                  00/00/0000                                             8.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333433927                  2005-03-11-00796                                          20315180                  Arm                                Interest In Arrears                                    $ 87,920.00                                 $ 87,758.75                  00/00/0000                                             9.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430672                  2005-03-11-00848                                          20315214                  Fixed                              Interest In Arrears                                   $ 230,000.00                                $ 228,957.32                  00/00/0000                                             5.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333431251                  2005-03-11-00878                                          20315230                  Arm                                Interest In Arrears                                   $ 324,000.00                                $ 322,852.81                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431154                  2005-03-11-00950                                          20315271                  Arm                                Interest In Arrears                                    $ 71,600.00                                 $ 71,447.28                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431212                  2005-03-11-00953                                          20315289                  Arm                                Interest Only                                         $ 230,000.00                                $ 230,000.00                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431456                  2005-03-11-00961                                          20315297                  Arm                                Interest Only                                         $ 202,480.00                                $ 202,480.00                  00/00/0000                                             6.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333430777                  2005-03-11-00982                                          20315305                  Fixed                              Interest In Arrears                                   $ 255,000.00                                $ 253,730.09                  00/00/0000                                             6.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333430939                  2005-03-11-01043                                          20315321                  Arm                                Interest Only                                         $ 188,458.00                                $ 188,458.00                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430977                  2005-03-12-00011                                          20315354                  Arm                                Interest In Arrears                                    $ 57,440.00                                 $ 57,226.29                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333433921                  2005-03-12-00051                                          20315362                  Arm                                Interest In Arrears                                    $ 66,400.00                                 $ 66,218.16                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431003                  2005-03-14-00047                                          20315388                  Arm                                Interest Only                                         $ 206,480.00                                $ 206,477.12                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333430900                  2005-03-14-00061                                          20315404                  Arm                                Interest In Arrears                                    $ 96,000.00                                 $ 95,666.61                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431156                  2005-03-14-00080                                          20315412                  Arm                                Interest In Arrears                                    $ 68,800.00                                 $ 68,586.45                  00/00/0000                                             8.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333430861                  2005-03-14-00143                                          20315420                  Arm                                Interest In Arrears                                   $ 111,600.00                                $ 111,231.46                  00/00/0000                                             8.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333430643                  2005-03-14-00154                                          20315438                  Fixed                              Interest In Arrears                                    $ 68,000.00                                 $ 67,795.29                  00/00/0000                                             8.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430812                  2005-03-14-00171                                          20315446                  Fixed                              Interest In Arrears                                    $ 73,600.00                                 $ 73,336.89                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431377                  2005-03-14-00268                                          20315479                  Arm                                Interest In Arrears                                   $ 224,000.00                                $ 222,992.10                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333433862                  2005-03-14-00275                                          20315487                  Arm                                Interest In Arrears                                   $ 106,250.00                                $ 105,984.43                  00/00/0000                                             8.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431265                  2005-03-14-00312                                          20315495                  Arm                                Interest Only                                         $ 145,685.00                                $ 145,685.00                  00/00/0000                                             6.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431417                  2005-03-14-00315                                          20315503                  Arm                                Interest In Arrears                                    $ 52,400.00                                 $ 52,235.71                  00/00/0000                                             8.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333430793                  2005-03-14-00340                                          20315529                  Fixed                              Interest In Arrears                                   $ 123,580.00                                $ 123,077.49                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430676                  2005-03-14-00349                                          20315537                  Fixed                              Interest In Arrears                                    $ 98,320.00                                 $ 97,883.58                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431292                  2005-03-14-00425                                          20315586                  Arm                                Interest In Arrears                                   $ 128,708.00                                $ 128,163.74                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333430596                  2005-03-14-00648                                          20315644                  Fixed                              Interest In Arrears                                   $ 155,200.00                                $ 154,748.63                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333430887                  2005-03-14-00809                                          20315651                  Arm                                Interest In Arrears                                    $ 92,000.00                                 $ 91,667.83                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333430776                  2005-03-14-00907                                          20315701                  Fixed                              Interest In Arrears                                    $ 92,000.00                                 $ 91,533.08                  00/00/0000                                             5.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430789                  2005-03-14-01002                                          20315719                  Fixed                              Interest In Arrears                                    $ 61,250.00                                 $ 61,107.53                  00/00/0000                                             9.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430619                  2005-03-14-01066                                          20315743                  Arm                                Interest In Arrears                                   $ 130,830.00                                $ 130,435.99                  00/00/0000                                             8.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333430981                  2005-03-14-01224                                          20315784                  Arm                                Interest Only                                         $ 527,960.00                                $ 527,960.00                  00/00/0000                                             5.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431407                  2005-03-14-01226                                          20315792                  Arm                                Interest Only                                         $ 183,200.00                                $ 182,776.97                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333430697                  2005-03-14-01245                                          20315826                  Fixed                              Interest In Arrears                                   $ 422,500.00                                $ 420,586.15                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333431208                  2005-03-14-01370                                          20315834                  Arm                                Interest Only                                         $ 302,000.00                                $ 302,000.00                  00/00/0000                                             5.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430855                  2005-03-14-01403                                          20315842                  Arm                                Interest In Arrears                                   $ 103,742.00                                $ 103,418.58                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333430774                  2005-03-14-01420                                          20315859                  Fixed                              Interest Only                                         $ 317,400.00                                $ 317,400.00                  00/00/0000                                             6.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333431174                  2005-03-15-00068                                          20315875                  Arm                                Interest In Arrears                                   $ 173,700.00                                $ 173,127.02                  00/00/0000                                             8.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333431018                  2005-03-15-00138                                          20315909                  Arm                                Interest In Arrears                                    $ 84,400.00                                 $ 83,882.02                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333430967                  2005-03-15-00168                                          20315917                  Arm                                Interest Only                                         $ 131,200.00                                $ 131,200.00                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333430753                  2005-03-15-00292                                          20315941                  Fixed                              Interest In Arrears                                   $ 100,000.00                                 $ 99,670.13                  00/00/0000                                             8.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333430893                  2005-03-15-00298                                          20315958                  Arm                                Interest Only                                         $ 311,200.00                                $ 311,200.00                  00/00/0000                                             5.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333430727                  2005-03-15-00299                                          20315966                  Fixed                              Interest In Arrears                                   $ 124,500.00                                $ 123,968.41                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430687                  2005-03-15-00379                                          20316006                  Fixed                              Interest In Arrears                                   $ 128,800.00                                $ 128,276.28                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430832                  2005-03-15-00381                                          20316014                  Fixed                              Interest In Arrears                                    $ 70,000.00                                 $ 69,782.76                  00/00/0000                                             8.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431040                  2005-03-15-00416                                          20316022                  Arm                                Interest In Arrears                                    $ 98,400.00                                 $ 98,087.07                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431347                  2005-03-15-00456                                          20316030                  Arm                                Interest In Arrears                                    $ 88,195.00                                 $ 88,006.88                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431317                  2005-03-15-00461                                          20316048                  Arm                                Interest Only                                         $ 207,200.00                                $ 207,200.00                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431276                  2005-03-15-00465                                          20316055                  Arm                                Interest In Arrears                                    $ 67,755.00                                 $ 67,354.86                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431466                  2005-03-15-00471                                          20316063                  Arm                                Interest In Arrears                                   $ 105,520.00                                $ 104,978.46                  00/00/0000                                             6.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333431325                  2005-03-15-00492                                          20316089                  Arm                                Interest In Arrears                                   $ 148,500.00                                $ 147,974.42                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431378                  2005-03-15-00510                                          20316097                  Arm                                Interest In Arrears                                   $ 122,800.00                                $ 122,310.42                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333430989                  2005-03-15-00552                                          20316105                  Arm                                Interest Only                                         $ 220,000.00                                $ 220,000.00                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431218                  2005-03-15-00575                                          20316121                  Arm                                Interest In Arrears                                    $ 73,200.00                                 $ 72,948.23                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431184                  2005-03-15-00624                                          20316139                  Arm                                Interest In Arrears                                   $ 194,750.00                                $ 194,175.68                  00/00/0000                                             8.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431221                  2005-03-15-00638                                          20316154                  Arm                                Interest In Arrears                                   $ 123,200.00                                $ 122,742.14                  00/00/0000                                             6.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431393                  2005-03-15-00698                                          20316162                  Arm                                Interest In Arrears                                    $ 51,920.00                                 $ 51,753.26                  00/00/0000                                             7.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333430952                  2005-03-15-00763                                          20316196                  Arm                                Interest In Arrears                                    $ 68,320.00                                 $ 68,063.30                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430898                  2005-03-15-00789                                          20316212                  Arm                                Interest In Arrears                                    $ 57,375.00                                 $ 57,161.54                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430673                  2005-03-15-00830                                          20316220                  Fixed                              Interest In Arrears                                    $ 68,400.00                                 $ 68,244.54                  00/00/0000                                             9.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431166                  2005-03-15-00845                                          20316238                  Arm                                Interest In Arrears                                    $ 97,920.00                                 $ 97,528.92                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431304                  2005-03-15-00853                                          20316246                  Arm                                Interest Only                                         $ 280,000.00                                $ 280,000.00                  00/00/0000                                             6.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333431425                  2005-03-15-00871                                          20316253                  Arm                                Interest In Arrears                                   $ 152,000.00                                $ 151,428.85                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333433863                  2005-03-15-00878                                          20316261                  Arm                                Interest In Arrears                                    $ 58,400.00                                 $ 58,299.73                  00/00/0000                                            10.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333433926                  2005-03-15-00901                                          20316279                  Arm                                Interest In Arrears                                   $ 201,840.00                                $ 201,116.40                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431409                  2005-03-15-00911                                          20316287                  Arm                                Interest Only                                         $ 160,304.00                                $ 160,304.00                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431099                  2005-03-15-00917                                          20316295                  Arm                                Interest In Arrears                                   $ 139,200.00                                $ 138,934.28                  00/00/0000                                             9.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333433943                  2005-03-15-00972                                          20316303                  Arm                                Interest In Arrears                                   $ 138,400.00                                $ 137,985.29                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333431025                  2005-03-15-01040                                          20316311                  Arm                                Interest In Arrears                                   $ 256,500.00                                $ 255,746.56                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431092                  2005-03-15-01062                                          20316329                  Arm                                Interest Only                                         $ 140,000.00                                $ 140,000.00                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333430818                  2005-03-15-01073                                          20316345                  Fixed                              Interest In Arrears                                    $ 75,300.00                                 $ 75,005.68                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333430963                  2005-03-15-01211                                          20316386                  Arm                                Interest Only                                         $ 135,920.00                                $ 135,920.00                  00/00/0000                                             5.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333433914                  2005-03-15-01222                                          20316394                  Arm                                Interest In Arrears                                   $ 178,320.00                                $ 177,706.69                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333430693                  2005-03-15-01232                                          20316402                  Fixed                              Interest In Arrears                                   $ 124,000.00                                $ 123,552.88                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431350                  2005-03-15-01258                                          20316410                  Arm                                Interest Only                                         $ 212,000.00                                $ 212,000.00                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431119                  2005-03-15-01267                                          20316428                  Arm                                Interest In Arrears                                   $ 188,000.00                                $ 187,265.09                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431259                  2005-03-15-01300                                          20316451                  Arm                                Interest In Arrears                                    $ 98,892.00                                 $ 98,509.20                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333431079                  2005-03-15-01332                                          20316469                  Arm                                Interest Only                                         $ 268,000.00                                $ 268,000.00                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333430605                  2005-03-15-01353                                          20316485                  Arm                                Interest In Arrears                                   $ 118,250.00                                $ 117,834.09                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431010                  2005-03-16-00022                                          20316527                  Arm                                Interest In Arrears                                    $ 87,920.00                                 $ 87,569.47                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431401                  2005-03-16-00097                                          20316543                  Arm                                Interest In Arrears                                   $ 245,000.00                                $ 244,088.56                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430664                  2005-03-16-00105                                          20316550                  Fixed                              Interest In Arrears                                   $ 130,000.00                                $ 129,324.43                  00/00/0000                                             5.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430729                  2005-03-16-00127                                          20316568                  Fixed                              Interest Only                                         $ 203,200.00                                $ 203,200.00                  00/00/0000                                             6.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333431283                  2005-03-16-00148                                          20316576                  Arm                                Interest In Arrears                                    $ 80,000.00                                 $ 79,693.41                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431414                  2005-03-16-00151                                          20316584                  Arm                                Interest In Arrears                                    $ 93,600.00                                 $ 93,059.70                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431044                  2005-03-16-00189                                          20316600                  Arm                                Interest In Arrears                                    $ 66,400.00                                 $ 66,190.90                  00/00/0000                                             7.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430906                  2005-03-16-00199                                          20316618                  Arm                                Interest In Arrears                                   $ 101,150.00                                $ 100,776.62                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430890                  2005-03-16-00214                                          20316634                  Arm                                Interest In Arrears                                   $ 146,115.00                                $ 145,702.63                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431452                  2005-03-16-00349                                          20316683                  Arm                                Interest In Arrears                                   $ 112,000.00                                $ 111,792.83                  00/00/0000                                             9.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430700                  2005-03-16-00431                                          20316717                  Fixed                              Interest In Arrears                                   $ 122,088.00                                $ 121,664.49                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431381                  2005-03-16-00500                                          20316725                  Arm                                Interest Only                                         $ 297,000.00                                $ 296,999.99                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430878                  2005-03-16-00577                                          20316766                  Arm                                Interest Only                                         $ 112,800.00                                $ 112,800.00                  00/00/0000                                             5.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430975                  2005-03-16-00596                                          20316774                  Arm                                Interest Only                                         $ 185,600.00                                $ 185,596.98                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333430756                  2005-03-16-00598                                          20316790                  Fixed                              Interest In Arrears                                   $ 149,040.00                                $ 148,378.46                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431361                  2005-03-16-00608                                          20316808                  Arm                                Interest Only                                         $ 104,000.00                                $ 103,982.51                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431062                  2005-03-16-00617                                          20316824                  Arm                                Interest In Arrears                                    $ 93,600.00                                 $ 93,237.69                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333430931                  2005-03-16-00637                                          20316832                  Arm                                Interest In Arrears                                    $ 69,000.00                                 $ 68,716.68                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333430688                  2005-03-16-00696                                          20316857                  Fixed                              Interest In Arrears                                   $ 237,500.00                                $ 236,887.95                  00/00/0000                                             8.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430826                  2005-03-16-00747                                          20316865                  Fixed                              Interest In Arrears                                    $ 69,600.00                                 $ 69,381.77                  00/00/0000                                             8.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431454                  2005-03-16-00778                                          20316873                  Arm                                Interest Only                                         $ 122,400.00                                $ 122,400.00                  00/00/0000                                             5.990
MILA                                  Chase                            US Bank                                 MLA0428                                  333430715                  2005-03-16-00781                                          20316881                  Fixed                              Interest In Arrears                                   $ 151,300.00                                $ 150,789.69                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431132                  2005-03-16-00838                                          20316899                  Arm                                Interest Only                                         $ 279,200.00                                $ 279,091.55                  00/00/0000                                             6.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333430604                  2005-03-16-00895                                          20316907                  Arm                                Interest In Arrears                                    $ 69,600.00                                 $ 69,281.98                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430632                  2005-03-16-00921                                          20316915                  Arm                                Interest In Arrears                                   $ 101,600.00                                $ 101,274.90                  00/00/0000                                             8.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333430856                  2005-03-16-00924                                          20316923                  Arm                                Interest Only                                         $ 124,800.00                                $ 124,800.00                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431081                  2005-03-16-00958                                          20316964                  Arm                                Interest In Arrears                                   $ 102,918.00                                $ 102,700.79                  00/00/0000                                            10.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333430868                  2005-03-16-01002                                          20316972                  Arm                                Interest In Arrears                                   $ 116,000.00                                $ 115,568.47                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430956                  2005-03-16-01008                                          20316980                  Arm                                Interest Only                                         $ 400,000.00                                $ 400,000.00                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431161                  2005-03-16-01140                                          20317004                  Arm                                Interest Only                                         $ 254,400.00                                $ 254,400.00                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430744                  2005-03-16-01145                                          20317012                  Fixed                              Interest In Arrears                                    $ 68,000.00                                 $ 67,756.84                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333433890                  2005-03-16-01168                                          20317020                  Arm                                Interest In Arrears                                   $ 191,200.00                                $ 190,337.69                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333431392                  2005-03-16-01203                                          20317046                  Arm                                Interest Only                                         $ 152,000.00                                $ 150,468.62                  00/00/0000                                             6.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431394                  2005-03-16-01208                                          20317053                  Arm                                Interest In Arrears                                   $ 285,255.00                                $ 283,976.47                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431375                  2005-03-16-01227                                          20317061                  Arm                                Interest Only                                         $ 159,200.00                                $ 159,200.00                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333431074                  2005-03-17-00135                                          20317095                  Arm                                Interest In Arrears                                    $ 77,600.00                                 $ 77,265.44                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431087                  2005-03-17-00159                                          20317103                  Arm                                Interest In Arrears                                    $ 54,000.00                                 $ 53,830.69                  00/00/0000                                             8.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431289                  2005-03-17-00175                                          20317111                  Arm                                Interest Only                                          $ 57,600.00                                 $ 57,600.00                  00/00/0000                                             8.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430996                  2005-03-17-00221                                          20317129                  Arm                                Interest In Arrears                                    $ 63,600.00                                 $ 63,424.04                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431095                  2005-03-17-00268                                          20317137                  Arm                                Interest In Arrears                                    $ 80,000.00                                 $ 79,696.38                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333430644                  2005-03-17-00308                                          20317160                  Fixed                              Interest In Arrears                                    $ 89,600.00                                 $ 89,182.66                  00/00/0000                                             6.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333430864                  2005-03-17-00318                                          20317178                  Arm                                Interest Only                                          $ 55,120.00                                 $ 55,120.00                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430954                  2005-03-17-00325                                          20317186                  Arm                                Interest In Arrears                                    $ 70,000.00                                 $ 69,828.73                  00/00/0000                                             9.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431116                  2005-03-17-00403                                          20317202                  Arm                                Interest In Arrears                                   $ 116,100.00                                $ 115,720.90                  00/00/0000                                             8.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333430770                  2005-03-17-00409                                          20317210                  Fixed                              Interest In Arrears                                   $ 193,600.00                                $ 192,689.49                  00/00/0000                                             6.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333431455                  2005-03-17-00436                                          20317228                  Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,693.84                  00/00/0000                                             9.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431311                  2005-03-17-00471                                          20317236                  Arm                                Interest In Arrears                                    $ 99,750.00                                 $ 99,423.93                  00/00/0000                                             8.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333430870                  2005-03-17-00564                                          20317244                  Arm                                Interest In Arrears                                    $ 79,120.00                                 $ 78,892.20                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333430767                  2005-03-17-00594                                          20317251                  Fixed                              Interest In Arrears                                   $ 266,000.00                                $ 265,328.30                  00/00/0000                                             8.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333430598                  2005-03-17-00636                                          20317285                  Fixed                              Interest In Arrears                                   $ 262,000.00                                $ 260,938.84                  00/00/0000                                             5.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430862                  2005-03-17-00783                                          20317343                  Arm                                Interest In Arrears                                    $ 76,000.00                                 $ 75,854.90                  00/00/0000                                             9.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431064                  2005-03-17-00806                                          20317350                  Arm                                Interest In Arrears                                    $ 87,592.00                                 $ 87,123.75                  00/00/0000                                             9.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431197                  2005-03-17-00863                                          20317368                  Arm                                Interest In Arrears                                   $ 170,000.00                                $ 169,335.45                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431382                  2005-03-17-00874                                          20317376                  Arm                                Interest Only                                         $ 168,800.00                                $ 168,800.00                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430850                  2005-03-17-00890                                          20317384                  Arm                                Interest In Arrears                                    $ 78,000.00                                 $ 77,715.54                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431238                  2005-03-17-00899                                          20317392                  Arm                                Interest In Arrears                                    $ 65,200.00                                 $ 65,042.12                  00/00/0000                                             9.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333433869                  2005-03-17-01037                                          20317418                  Arm                                Interest In Arrears                                    $ 76,000.00                                 $ 75,811.80                  00/00/0000                                             9.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431279                  2005-03-17-01129                                          20317426                  Arm                                Interest In Arrears                                   $ 106,760.00                                $ 106,346.75                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333431100                  2005-03-17-01137                                          20317434                  Arm                                Interest In Arrears                                   $ 101,360.00                                $ 101,178.38                  00/00/0000                                            10.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333430708                  2005-03-17-01158                                          20317459                  Fixed                              Interest In Arrears                                   $ 155,000.00                                $ 154,429.04                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430648                  2005-03-17-01167                                          20317467                  Fixed                              Interest In Arrears                                   $ 567,000.00                                $ 564,203.01                  00/00/0000                                             6.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430849                  2005-03-17-01222                                          20317475                  Arm                                Interest Only                                         $ 104,000.00                                $ 104,000.00                  00/00/0000                                             8.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333430599                  2005-03-17-01252                                          20317483                  Fixed                              Interest In Arrears                                   $ 191,000.00                                $ 190,168.47                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431484                  2005-03-17-01288                                          20317491                  Arm                                Interest In Arrears                                   $ 200,000.00                                $ 198,895.36                  00/00/0000                                             5.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430983                  2005-03-17-01301                                          20317509                  Arm                                Interest Only                                         $ 346,500.00                                $ 346,500.00                  00/00/0000                                             5.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431223                  2005-03-18-00025                                          20317533                  Arm                                Interest In Arrears                                   $ 156,750.00                                $ 156,268.43                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333431314                  2005-03-18-00035                                          20317541                  Arm                                Interest In Arrears                                    $ 80,000.00                                 $ 79,800.87                  00/00/0000                                             8.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431355                  2005-03-18-00112                                          20317566                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,784.43                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333430616                  2005-03-18-00127                                          20317574                  Arm                                Interest In Arrears                                   $ 119,200.00                                $ 118,360.58                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431273                  2005-03-18-00130                                          20317582                  Arm                                Interest In Arrears                                    $ 73,340.00                                 $ 73,068.13                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430962                  2005-03-18-00154                                          20317608                  Arm                                Interest In Arrears                                    $ 66,400.00                                 $ 66,259.88                  00/00/0000                                            10.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431061                  2005-03-18-00217                                          20317632                  Arm                                Interest In Arrears                                    $ 64,000.00                                 $ 63,863.53                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431086                  2005-03-18-00232                                          20317640                  Arm                                Interest In Arrears                                   $ 133,950.00                                $ 133,475.91                  00/00/0000                                             7.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431429                  2005-03-18-00249                                          20317657                  Arm                                Interest In Arrears                                    $ 65,211.00                                 $ 65,097.84                  00/00/0000                                            10.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333431448                  2005-03-18-00270                                          20317673                  Arm                                Interest In Arrears                                   $ 100,800.00                                $ 100,458.98                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431290                  2005-03-18-00320                                          20317681                  Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,619.90                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431037                  2005-03-18-00330                                          20317699                  Arm                                Interest In Arrears                                   $ 365,655.00                                $ 364,253.59                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333430940                  2005-03-18-00331                                          20317707                  Arm                                Interest Only                                          $ 77,750.00                                 $ 77,750.00                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431358                  2005-03-18-00374                                          20317715                  Arm                                Interest In Arrears                                   $ 215,062.00                                $ 214,255.01                  00/00/0000                                             6.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333430915                  2005-03-18-00422                                          20317723                  Arm                                Interest In Arrears                                    $ 55,920.00                                 $ 55,813.95                  00/00/0000                                            10.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431398                  2005-03-18-00436                                          20317731                  Arm                                Interest In Arrears                                    $ 71,920.00                                 $ 71,591.39                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430937                  2005-03-18-00454                                          20317749                  Arm                                Interest In Arrears                                    $ 93,280.00                                 $ 92,994.88                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431200                  2005-03-18-00494                                          20317756                  Arm                                Interest Only                                         $ 264,000.00                                $ 264,000.00                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333433842                  2005-03-18-00507                                          20317764                  Arm                                Interest In Arrears                                    $ 50,400.00                                 $ 50,280.32                  00/00/0000                                             8.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333430765                  2005-03-18-00514                                          20317772                  Fixed                              Interest In Arrears                                   $ 141,600.00                                $ 141,004.37                  00/00/0000                                             5.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431293                  2005-03-18-00549                                          20317798                  Arm                                Interest In Arrears                                   $ 116,000.00                                $ 115,675.89                  00/00/0000                                             7.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430772                  2005-03-18-00560                                          20317806                  Fixed                              Interest In Arrears                                   $ 155,472.00                                $ 154,869.21                  00/00/0000                                             6.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333430907                  2005-03-18-00573                                          20317814                  Arm                                Interest Only                                         $ 157,600.00                                $ 157,600.00                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333430896                  2005-03-18-00615                                          20317822                  Arm                                Interest In Arrears                                   $ 244,000.00                                $ 242,874.31                  00/00/0000                                             6.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431207                  2005-03-18-00646                                          20317848                  Arm                                Interest In Arrears                                   $ 250,000.00                                $ 249,106.29                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431439                  2005-03-18-00664                                          20317855                  Arm                                Interest In Arrears                                   $ 167,600.00                                $ 167,024.43                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431022                  2005-03-18-00749                                          20317863                  Arm                                Interest In Arrears                                   $ 155,000.00                                $ 154,226.66                  00/00/0000                                             6.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333430854                  2005-03-18-00754                                          20317871                  Arm                                Interest Only                                         $ 178,400.00                                $ 178,400.00                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333430668                  2005-03-18-00802                                          20317897                  Fixed                              Interest In Arrears                                   $ 230,000.00                                $ 228,897.41                  00/00/0000                                             6.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431105                  2005-03-18-00828                                          20317905                  Arm                                Interest Only                                         $ 122,000.00                                $ 122,000.00                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430621                  2005-03-18-00889                                          20317921                  Arm                                Interest In Arrears                                    $ 63,750.00                                 $ 63,580.55                  00/00/0000                                             8.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431469                  2005-03-18-00894                                          20317939                  Arm                                Interest In Arrears                                   $ 136,000.00                                $ 135,184.35                  00/00/0000                                             5.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333431405                  2005-03-18-00907                                          20317954                  Arm                                Interest In Arrears                                   $ 118,592.00                                $ 118,313.74                  00/00/0000                                             9.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333430723                  2005-03-18-00931                                          20317962                  Fixed                              Interest In Arrears                                   $ 115,000.00                                $ 114,546.00                  00/00/0000                                             7.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431316                  2005-03-18-01070                                          20317988                  Arm                                Interest Only                                         $ 162,400.00                                $ 162,400.00                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430814                  2005-03-18-01162                                          20318010                  Fixed                              Interest In Arrears                                    $ 77,880.00                                 $ 77,480.99                  00/00/0000                                             5.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431477                  2005-03-19-00043                                          20318028                  Arm                                Interest In Arrears                                   $ 116,792.00                                $ 116,366.89                  00/00/0000                                             8.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333430841                  2005-03-19-00082                                          20318036                  Arm                                Interest In Arrears                                   $ 129,600.00                                $ 129,189.48                  00/00/0000                                             8.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333431285                  2005-03-19-00110                                          20318044                  Arm                                Interest In Arrears                                    $ 72,000.00                                 $ 71,848.94                  00/00/0000                                             9.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431300                  2005-03-20-00019                                          20318069                  Arm                                Interest In Arrears                                    $ 64,000.00                                 $ 63,707.58                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430974                  2005-03-21-00028                                          20318093                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,847.95                  00/00/0000                                             8.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430607                  2005-03-21-00088                                          20318101                  Arm                                Interest In Arrears                                    $ 63,999.00                                 $ 63,793.48                  00/00/0000                                             7.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333437326                  2005-03-21-00168                                          20318119                  Arm                                Interest Only                                         $ 136,000.00                                $ 136,000.00                  00/00/0000                                             6.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333433856                  2005-03-21-00173                                          20318127                  Fixed                              Interest In Arrears                                   $ 110,000.00                                $ 109,625.22                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333431107                  2005-03-21-00220                                          20318135                  Arm                                Interest In Arrears                                   $ 106,640.00                                $ 106,302.08                  00/00/0000                                             9.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333431228                  2005-03-21-00272                                          20318150                  Arm                                Interest In Arrears                                    $ 95,752.00                                 $ 95,112.83                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431232                  2005-03-21-00456                                          20318200                  Arm                                Interest Only                                         $ 183,200.00                                $ 183,200.00                  00/00/0000                                             7.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431052                  2005-03-21-00473                                          20318218                  Arm                                Interest In Arrears                                    $ 75,200.00                                 $ 74,862.95                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430842                  2005-03-21-00475                                          20318226                  Arm                                Interest Only                                         $ 368,000.00                                $ 368,000.00                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333431305                  2005-03-21-00518                                          20318242                  Arm                                Interest In Arrears                                    $ 57,600.00                                 $ 57,419.39                  00/00/0000                                             8.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333430710                  2005-03-21-00564                                          20318267                  Fixed                              Interest In Arrears                                   $ 171,360.00                                $ 170,658.12                  00/00/0000                                             5.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333430879                  2005-03-21-00658                                          20318283                  Arm                                Interest In Arrears                                   $ 146,880.00                                $ 146,269.70                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430738                  2005-03-21-00758                                          20318291                  Fixed                              Interest In Arrears                                   $ 149,600.00                                $ 148,889.67                  00/00/0000                                             6.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333430794                  2005-03-21-00778                                          20318309                  Fixed                              Interest In Arrears                                    $ 69,600.00                                 $ 69,266.34                  00/00/0000                                             6.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431120                  2005-03-21-00885                                          20318317                  Arm                                Interest In Arrears                                   $ 101,840.00                                $ 101,622.79                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430659                  2005-03-21-00915                                          20318325                  Fixed                              Interest In Arrears                                    $ 52,650.00                                 $ 52,461.79                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333430764                  2005-03-21-00923                                          20318333                  Fixed                              Interest In Arrears                                   $ 115,200.00                                $ 114,693.57                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431188                  2005-03-21-01003                                          20318358                  Arm                                Interest In Arrears                                    $ 62,400.00                                 $ 62,067.37                  00/00/0000                                             8.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333430674                  2005-03-21-01008                                          20318366                  Fixed                              Interest In Arrears                                   $ 116,000.00                                $ 115,485.09                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333433843                  2005-03-21-01036                                          20318374                  Arm                                Interest In Arrears                                   $ 127,500.00                                $ 127,098.09                  00/00/0000                                             7.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430992                  2005-03-21-01039                                          20318382                  Arm                                Interest In Arrears                                   $ 105,413.00                                $ 105,024.74                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431204                  2005-03-21-01069                                          20318390                  Arm                                Interest Only                                         $ 316,537.00                                $ 316,537.00                  00/00/0000                                             5.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333430922                  2005-03-21-01118                                          20318408                  Arm                                Interest In Arrears                                   $ 116,160.00                                $ 115,922.59                  00/00/0000                                            10.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431480                  2005-03-21-01179                                          20318416                  Arm                                Interest In Arrears                                   $ 134,750.00                                $ 134,207.46                  00/00/0000                                             7.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333430904                  2005-03-21-01181                                          20318424                  Arm                                Interest In Arrears                                   $ 129,750.00                                $ 129,368.88                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431470                  2005-03-21-01184                                          20318432                  Arm                                Interest In Arrears                                   $ 153,216.00                                $ 152,725.73                  00/00/0000                                             8.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333433844                  2005-03-21-01229                                          20318440                  Arm                                Interest In Arrears                                    $ 50,400.00                                 $ 50,319.71                  00/00/0000                                            10.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333431211                  2005-03-21-01340                                          20318457                  Arm                                Interest In Arrears                                   $ 159,456.00                                $ 158,844.87                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333433903                  2005-03-21-01347                                          20318465                  Arm                                Interest In Arrears                                    $ 88,000.00                                 $ 87,756.15                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431089                  2005-03-21-01396                                          20318473                  Arm                                Interest Only                                          $ 69,600.00                                 $ 69,600.00                  00/00/0000                                             8.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333431370                  2005-03-22-00008                                          20318481                  Arm                                Interest In Arrears                                    $ 99,920.00                                 $ 99,569.87                  00/00/0000                                             7.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430638                  2005-03-22-00020                                          20318499                  Arm                                Interest In Arrears                                   $ 117,211.00                                $ 116,938.85                  00/00/0000                                             9.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431172                  2005-03-22-00038                                          20318507                  Arm                                Interest In Arrears                                   $ 103,960.00                                $ 103,738.25                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430808                  2005-03-22-00114                                          20318515                  Fixed                              Interest In Arrears                                   $ 248,000.00                                $ 246,811.12                  00/00/0000                                             6.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430782                  2005-03-22-00118                                          20318523                  Fixed                              Interest In Arrears                                    $ 54,800.00                                 $ 54,685.03                  00/00/0000                                             9.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431023                  2005-03-22-00137                                          20318531                  Arm                                Interest In Arrears                                   $ 192,000.00                                $ 190,664.22                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431481                  2005-03-22-00253                                          20318556                  Arm                                Interest In Arrears                                    $ 72,000.00                                 $ 71,682.59                  00/00/0000                                             5.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430785                  2005-03-22-00277                                          20318564                  Fixed                              Interest In Arrears                                   $ 151,200.00                                $ 150,768.97                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431395                  2005-03-22-00290                                          20318572                  Arm                                Interest In Arrears                                   $ 100,400.00                                 $ 99,971.32                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333431267                  2005-03-22-00303                                          20318580                  Arm                                Interest In Arrears                                    $ 94,400.00                                 $ 93,985.03                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333433878                  2005-03-22-00320                                          20318598                  Arm                                Interest Only                                         $ 172,000.00                                $ 172,000.00                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431088                  2005-03-22-00336                                          20318614                  Arm                                Interest In Arrears                                   $ 136,000.00                                $ 135,653.05                  00/00/0000                                             8.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431182                  2005-03-22-00385                                          20318622                  Arm                                Interest Only                                         $ 184,000.00                                $ 184,000.00                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333433906                  2005-03-22-00393                                          20318630                  Arm                                Interest In Arrears                                   $ 118,400.00                                $ 118,059.11                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431295                  2005-03-22-00426                                          20318648                  Arm                                Interest Only                                         $ 224,800.00                                $ 224,800.00                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333430677                  2005-03-22-00436                                          20318655                  Fixed                              Interest In Arrears                                    $ 63,000.00                                 $ 62,812.30                  00/00/0000                                             8.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431278                  2005-03-22-00478                                          20318663                  Arm                                Interest In Arrears                                    $ 69,200.00                                 $ 68,949.77                  00/00/0000                                             8.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431308                  2005-03-22-00507                                          20318671                  Arm                                Interest In Arrears                                   $ 269,100.00                                $ 268,137.99                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431189                  2005-03-22-00532                                          20318689                  Arm                                Interest In Arrears                                   $ 145,600.00                                $ 145,310.13                  00/00/0000                                             9.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333431122                  2005-03-22-00573                                          20318705                  Arm                                Interest Only                                         $ 120,000.00                                $ 120,000.00                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430620                  2005-03-22-00600                                          20318721                  Arm                                Interest Only                                         $ 196,720.00                                $ 196,720.00                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431371                  2005-03-22-00618                                          20318739                  Arm                                Interest In Arrears                                    $ 67,150.00                                 $ 66,935.07                  00/00/0000                                             8.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333431014                  2005-03-22-00653                                          20318747                  Arm                                Interest In Arrears                                   $ 124,720.00                                $ 124,451.17                  00/00/0000                                            10.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431206                  2005-03-22-00672                                          20318754                  Arm                                Interest In Arrears                                    $ 57,600.00                                 $ 57,387.83                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430690                  2005-03-22-00680                                          20318762                  Fixed                              Interest In Arrears                                    $ 58,320.00                                 $ 58,112.41                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333430626                  2005-03-22-00756                                          20318770                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,844.71                  00/00/0000                                             9.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430883                  2005-03-22-00805                                          20318788                  Arm                                Interest In Arrears                                   $ 101,600.00                                $ 101,301.57                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430960                  2005-03-22-00853                                          20318796                  Arm                                Interest Only                                         $ 212,000.00                                $ 212,000.00                  00/00/0000                                             5.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333431343                  2005-03-22-00864                                          20318804                  Arm                                Interest Only                                         $ 240,000.00                                $ 240,000.00                  00/00/0000                                             6.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333433937                  2005-03-22-00957                                          20318820                  Arm                                Interest Only                                         $ 203,920.00                                $ 203,920.00                  00/00/0000                                             6.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333430953                  2005-03-22-00959                                          20318838                  Arm                                Interest Only                                          $ 55,600.00                                 $ 55,600.00                  00/00/0000                                             8.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333431187                  2005-03-22-01048                                          20318846                  Arm                                Interest Only                                         $ 119,920.00                                $ 119,920.00                  00/00/0000                                             8.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333431171                  2005-03-22-01095                                          20318853                  Arm                                Interest Only                                         $ 155,360.00                                $ 155,360.00                  00/00/0000                                             8.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333431364                  2005-03-22-01173                                          20318861                  Arm                                Interest In Arrears                                    $ 72,900.00                                 $ 72,647.13                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431464                  2005-03-22-01183                                          20318879                  Arm                                Interest In Arrears                                    $ 67,920.00                                 $ 67,721.74                  00/00/0000                                             8.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431115                  2005-03-22-01212                                          20318887                  Arm                                Interest Only                                         $ 192,400.00                                $ 192,300.18                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430775                  2005-03-22-01229                                          20318895                  Fixed                              Interest In Arrears                                   $ 150,000.00                                $ 149,409.56                  00/00/0000                                             6.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430944                  2005-03-22-01273                                          20318911                  Arm                                Interest In Arrears                                   $ 116,738.00                                $ 116,371.99                  00/00/0000                                             8.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431231                  2005-03-23-00004                                          20318937                  Arm                                Interest In Arrears                                    $ 90,250.00                                 $ 89,986.54                  00/00/0000                                             8.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431192                  2005-03-23-00009                                          20318945                  Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,675.76                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333430892                  2005-03-23-00019                                          20318952                  Arm                                Interest In Arrears                                    $ 70,864.00                                 $ 70,712.88                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431097                  2005-03-23-00039                                          20318960                  Arm                                Interest In Arrears                                    $ 96,000.00                                 $ 95,592.98                  00/00/0000                                             6.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431463                  2005-03-23-00057                                          20318978                  Arm                                Interest In Arrears                                   $ 153,652.00                                $ 153,140.04                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333431356                  2005-03-23-00074                                          20318986                  Arm                                Interest Only                                          $ 54,800.00                                 $ 54,800.00                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333433849                  2005-03-23-00092                                          20318994                  Fixed                              Interest In Arrears                                   $ 129,600.00                                $ 129,090.14                  00/00/0000                                             6.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431366                  2005-03-23-00116                                          20319018                  Arm                                Interest Only                                         $ 228,000.00                                $ 228,000.00                  00/00/0000                                             7.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333431261                  2005-03-23-00151                                          20319026                  Arm                                Interest In Arrears                                   $ 170,000.00                                $ 169,524.01                  00/00/0000                                             7.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333433865                  2005-03-23-00157                                          20319034                  Arm                                Interest Only                                          $ 75,500.00                                 $ 75,497.33                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431271                  2005-03-23-00194                                          20319042                  Arm                                Interest In Arrears                                    $ 96,000.00                                 $ 95,605.79                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333430683                  2005-03-23-00201                                          20319059                  Fixed                              Interest Only                                         $ 105,840.00                                $ 105,840.00                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431328                  2005-03-23-00205                                          20319067                  Arm                                Interest In Arrears                                   $ 135,000.00                                $ 134,472.28                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431001                  2005-03-23-00238                                          20319075                  Arm                                Interest In Arrears                                    $ 50,800.00                                 $ 50,703.68                  00/00/0000                                            10.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431389                  2005-03-23-00250                                          20319091                  Arm                                Interest In Arrears                                   $ 106,400.00                                $ 106,184.87                  00/00/0000                                            10.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333433851                  2005-03-23-00285                                          20319109                  Fixed                              Interest In Arrears                                   $ 118,150.00                                $ 117,792.41                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333430859                  2005-03-23-00300                                          20319117                  Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,769.64                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430752                  2005-03-23-00361                                          20319125                  Fixed                              Interest In Arrears                                   $ 163,361.00                                $ 162,000.54                  00/00/0000                                             5.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431183                  2005-03-23-00421                                          20319133                  Arm                                Interest Only                                          $ 96,000.00                                 $ 96,000.00                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333431274                  2005-03-23-00445                                          20319158                  Arm                                Interest In Arrears                                    $ 96,000.00                                 $ 95,810.31                  00/00/0000                                             9.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430873                  2005-03-23-00456                                          20319166                  Arm                                Interest In Arrears                                    $ 66,720.00                                 $ 66,435.12                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333433852                  2005-03-23-00465                                          20319174                  Fixed                              Interest In Arrears                                    $ 77,350.00                                 $ 77,083.98                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431233                  2005-03-23-00607                                          20319182                  Arm                                Interest In Arrears                                   $ 111,920.00                                $ 111,367.90                  00/00/0000                                             6.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333431195                  2005-03-23-00644                                          20319190                  Arm                                Interest In Arrears                                    $ 84,000.00                                 $ 83,674.84                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333430830                  2005-03-23-00646                                          20319208                  Fixed                              Interest In Arrears                                   $ 108,800.00                                $ 108,433.01                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333430884                  2005-03-23-00662                                          20319216                  Arm                                Interest In Arrears                                    $ 88,110.00                                 $ 87,818.56                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333431055                  2005-03-23-00705                                          20319224                  Arm                                Interest In Arrears                                   $ 252,900.00                                $ 251,381.92                  00/00/0000                                             5.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333431186                  2005-03-23-00734                                          20319232                  Arm                                Interest Only                                          $ 87,920.00                                 $ 87,920.00                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333430639                  2005-03-23-00847                                          20319240                  Arm                                Interest Only                                          $ 62,400.00                                 $ 62,400.00                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431473                  2005-03-23-00906                                          20319257                  Arm                                Interest In Arrears                                   $ 303,905.00                                $ 302,242.10                  00/00/0000                                             5.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333433873                  2005-03-23-00912                                          20319265                  Arm                                Interest In Arrears                                    $ 91,800.00                                 $ 91,613.34                  00/00/0000                                             9.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333430838                  2005-03-23-00952                                          20319273                  Arm                                Interest Only                                          $ 68,400.00                                 $ 68,400.00                  00/00/0000                                             8.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333431042                  2005-03-23-01018                                          20319315                  Arm                                Interest Only                                         $ 184,800.00                                $ 184,800.00                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333431323                  2005-03-23-01031                                          20319323                  Arm                                Interest In Arrears                                    $ 88,792.00                                 $ 88,451.69                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333430999                  2005-03-23-01068                                          20319331                  Arm                                Interest In Arrears                                    $ 95,280.00                                 $ 94,971.99                  00/00/0000                                             8.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430656                  2005-03-23-01094                                          20319349                  Fixed                              Interest In Arrears                                   $ 276,000.00                                $ 274,572.45                  00/00/0000                                             5.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333431359                  2005-03-23-01131                                          20319364                  Arm                                Interest In Arrears                                   $ 326,000.00                                $ 324,856.69                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431478                  2005-03-23-01136                                          20319372                  Arm                                Interest In Arrears                                   $ 291,175.00                                $ 290,084.47                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333430968                  2005-03-23-01257                                          20319406                  Arm                                Interest In Arrears                                   $ 102,800.00                                $ 102,369.55                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430806                  2005-03-23-01272                                          20319414                  Fixed                              Interest In Arrears                                   $ 250,000.00                                $ 248,968.09                  00/00/0000                                             5.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430735                  2005-03-23-01367                                          20319422                  Fixed                              Interest In Arrears                                   $ 165,870.00                                $ 165,229.44                  00/00/0000                                             6.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431403                  2005-03-23-01371                                          20319430                  Arm                                Interest In Arrears                                   $ 152,800.00                                $ 152,202.70                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333433938                  2005-03-23-01378                                          20319448                  Arm                                Interest Only                                         $ 307,800.00                                $ 307,800.00                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333433881                  2005-03-24-00026                                          20319463                  Arm                                Interest In Arrears                                    $ 88,720.00                                 $ 88,502.71                  00/00/0000                                             8.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333431220                  2005-03-24-00055                                          20319471                  Arm                                Interest In Arrears                                   $ 107,920.00                                $ 107,450.14                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333430684                  2005-03-24-00060                                          20319489                  Fixed                              Interest In Arrears                                   $ 121,248.00                                $ 120,935.51                  00/00/0000                                             8.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431334                  2005-03-24-00093                                          20319497                  Arm                                Interest In Arrears                                    $ 93,600.00                                 $ 93,302.33                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333433910                  2005-03-24-00130                                          20319505                  Arm                                Interest In Arrears                                   $ 109,520.00                                $ 109,157.76                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333430751                  2005-03-24-00142                                          20319513                  Fixed                              Interest In Arrears                                    $ 76,400.00                                 $ 76,080.09                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431141                  2005-03-24-00200                                          20319521                  Arm                                Interest In Arrears                                   $ 357,850.00                                $ 356,766.98                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431471                  2005-03-24-00244                                          20319539                  Arm                                Interest In Arrears                                   $ 166,000.00                                $ 165,247.43                  00/00/0000                                             5.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333431219                  2005-03-24-00296                                          20319547                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,858.49                  00/00/0000                                             8.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333431038                  2005-03-24-00359                                          20319554                  Arm                                Interest In Arrears                                    $ 99,920.00                                 $ 99,501.59                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431165                  2005-03-24-00367                                          20319562                  Arm                                Interest In Arrears                                    $ 94,500.00                                 $ 94,229.12                  00/00/0000                                             8.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333431386                  2005-03-24-00380                                          20319570                  Arm                                Interest In Arrears                                   $ 186,000.00                                $ 185,174.41                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431103                  2005-03-24-00423                                          20319588                  Arm                                Interest Only                                         $ 324,000.00                                $ 324,000.00                  00/00/0000                                             7.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333430608                  2005-03-24-00425                                          20319596                  Arm                                Interest Only                                         $ 232,000.00                                $ 232,000.00                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431027                  2005-03-24-00429                                          20319604                  Arm                                Interest In Arrears                                   $ 119,200.00                                $ 118,818.49                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431178                  2005-03-24-00433                                          20319612                  Arm                                Interest In Arrears                                   $ 116,000.00                                $ 115,739.13                  00/00/0000                                            10.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333430622                  2005-03-24-00524                                          20319638                  Arm                                Interest In Arrears                                   $ 382,500.00                                $ 381,077.01                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333431272                  2005-03-24-00569                                          20319653                  Arm                                Interest In Arrears                                    $ 93,600.00                                 $ 93,442.67                  00/00/0000                                            10.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333430984                  2005-03-24-00648                                          20319661                  Arm                                Interest In Arrears                                    $ 94,320.00                                 $ 94,098.86                  00/00/0000                                             9.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333433858                  2005-03-24-00725                                          20319679                  Fixed                              Interest In Arrears                                   $ 382,500.00                                $ 381,132.28                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430889                  2005-03-24-00770                                          20319687                  Arm                                Interest Only                                         $ 230,400.00                                $ 230,400.00                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431327                  2005-03-24-00773                                          20319695                  Arm                                Interest In Arrears                                   $ 216,000.00                                $ 215,102.61                  00/00/0000                                             6.990
MILA                                  Chase                            US Bank                                 MLA0428                                  333430760                  2005-03-24-00788                                          20319703                  Fixed                              Interest In Arrears                                    $ 85,000.00                                 $ 84,596.39                  00/00/0000                                             6.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333431004                  2005-03-24-00840                                          20319711                  Arm                                Interest Only                                         $ 228,800.00                                $ 228,800.00                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333433923                  2005-03-24-00869                                          20319729                  Arm                                Interest In Arrears                                   $ 107,200.00                                $ 107,017.87                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430911                  2005-03-24-00870                                          20319737                  Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,687.58                  00/00/0000                                             8.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333430784                  2005-03-24-00885                                          20319745                  Fixed                              Interest In Arrears                                    $ 53,280.00                                 $ 53,138.46                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430948                  2005-03-24-00955                                          20319752                  Arm                                Interest Only                                         $ 122,400.00                                $ 122,400.00                  00/00/0000                                             6.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333430610                  2005-03-24-01095                                          20319760                  Arm                                Interest In Arrears                                    $ 76,000.00                                 $ 75,870.86                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333433939                  2005-03-24-01117                                          20319786                  Arm                                Interest In Arrears                                   $ 400,000.00                                $ 398,568.95                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333430845                  2005-03-24-01181                                          20319794                  Arm                                Interest In Arrears                                    $ 84,000.00                                 $ 83,711.50                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333430633                  2005-03-25-00114                                          20319810                  Arm                                Interest In Arrears                                   $ 211,375.00                                $ 210,722.48                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333433891                  2005-03-25-00116                                          20319828                  Arm                                Interest In Arrears                                   $ 120,600.00                                $ 120,282.86                  00/00/0000                                             8.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333433916                  2005-03-25-00133                                          20319836                  Arm                                Interest In Arrears                                    $ 79,920.00                                 $ 79,680.53                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430628                  2005-03-25-00143                                          20319844                  Arm                                Interest Only                                         $ 147,401.00                                $ 147,401.00                  00/00/0000                                             7.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333431147                  2005-03-25-00183                                          20319851                  Arm                                Interest In Arrears                                   $ 194,400.00                                $ 193,649.25                  00/00/0000                                             6.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431015                  2005-03-25-00200                                          20319869                  Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,804.21                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431445                  2005-03-25-00220                                          20319877                  Arm                                Interest In Arrears                                   $ 113,850.00                                $ 113,478.23                  00/00/0000                                             8.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333430923                  2005-03-25-00355                                          20319901                  Arm                                Interest In Arrears                                    $ 63,960.00                                 $ 63,678.83                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333433857                  2005-03-25-00392                                          20319927                  Fixed                              Interest In Arrears                                   $ 374,000.00                                $ 372,662.70                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333430651                  2005-03-25-00394                                          20319935                  Fixed                              Interest In Arrears                                   $ 729,960.00                                $ 727,031.42                  00/00/0000                                             6.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333431163                  2005-03-25-00398                                          20319943                  Arm                                Interest In Arrears                                   $ 110,400.00                                $ 110,138.23                  00/00/0000                                             9.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333433911                  2005-03-25-00402                                          20319950                  Arm                                Interest In Arrears                                    $ 80,000.00                                 $ 79,769.65                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431053                  2005-03-25-00404                                          20319968                  Arm                                Interest In Arrears                                   $ 165,000.00                                $ 164,230.38                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333430611                  2005-03-25-00425                                          20319984                  Arm                                Interest Only                                         $ 198,000.00                                $ 198,000.00                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333433888                  2005-03-25-00459                                          20319992                  Arm                                Interest In Arrears                                    $ 63,920.00                                 $ 63,716.74                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333430930                  2005-03-25-00477                                          20320008                  Arm                                Interest Only                                         $ 185,000.00                                $ 185,000.00                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333430908                  2005-03-25-00493                                          20320016                  Arm                                Interest In Arrears                                   $ 215,330.00                                $ 214,716.17                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333430696                  2005-03-25-00616                                          20320024                  Fixed                              Interest In Arrears                                   $ 100,000.00                                 $ 99,476.11                  00/00/0000                                             6.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333431416                  2005-03-25-00635                                          20320032                  Arm                                Interest In Arrears                                   $ 506,400.00                                $ 504,108.33                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333430667                  2005-03-25-00694                                          20320040                  Fixed                              Interest In Arrears                                    $ 75,296.00                                 $ 74,951.95                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333433859                  2005-03-25-00720                                          20320057                  Fixed                              Interest In Arrears                                   $ 103,500.00                                $ 103,223.14                  00/00/0000                                             8.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333430843                  2005-03-25-00798                                          20320073                  Arm                                Interest In Arrears                                   $ 152,094.00                                $ 151,766.26                  00/00/0000                                            10.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333430689                  2005-03-26-00013                                          20320081                  Fixed                              Interest In Arrears                                    $ 81,600.00                                 $ 81,355.48                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430866                  2005-03-26-00025                                          20320099                  Arm                                Interest In Arrears                                    $ 69,600.00                                 $ 69,389.37                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431111                  2005-03-27-00014                                          20320107                  Arm                                Interest In Arrears                                    $ 67,500.00                                 $ 67,301.07                  00/00/0000                                             8.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333430920                  2005-03-28-00001                                          20320115                  Arm                                Interest In Arrears                                   $ 108,768.00                                $ 108,442.08                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430997                  2005-03-28-00031                                          20320123                  Arm                                Interest In Arrears                                   $ 171,000.00                                $ 170,585.46                  00/00/0000                                             8.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333431465                  2005-03-28-00042                                          20320131                  Arm                                Interest In Arrears                                    $ 93,375.00                                 $ 93,042.67                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333431136                  2005-03-28-00101                                          20320149                  Arm                                Interest In Arrears                                    $ 76,500.00                                 $ 76,239.46                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333433932                  2005-03-28-00147                                          20320156                  Arm                                Interest In Arrears                                    $ 87,120.00                                 $ 86,866.76                  00/00/0000                                             7.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431126                  2005-03-28-00255                                          20320164                  Arm                                Interest Only                                          $ 56,000.00                                 $ 56,000.00                  00/00/0000                                             8.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431016                  2005-03-28-00323                                          20320172                  Arm                                Interest Only                                         $ 218,160.00                                $ 218,160.00                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333433882                  2005-03-28-00344                                          20320180                  Arm                                Interest In Arrears                                    $ 71,920.00                                 $ 71,799.11                  00/00/0000                                            10.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333433846                  2005-03-28-00516                                          20320198                  Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,746.13                  00/00/0000                                             8.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431198                  2005-03-28-00579                                          20320214                  Arm                                Interest Only                                         $ 188,000.00                                $ 188,000.00                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333430987                  2005-03-28-00661                                          20320222                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,569.54                  00/00/0000                                             8.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333431143                  2005-03-28-00689                                          20320230                  Arm                                Interest In Arrears                                   $ 204,900.00                                $ 204,002.22                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333431164                  2005-03-28-00754                                          20320248                  Arm                                Interest Only                                         $ 128,000.00                                $ 128,000.00                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0428                                  333430938                  2005-03-28-00826                                          20320255                  Arm                                Interest In Arrears                                   $ 240,000.00                                $ 238,870.90                  00/00/0000                                             6.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333433860                  2005-03-28-00887                                          20320263                  Fixed                              Interest In Arrears                                   $ 390,320.00                                $ 388,937.76                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431039                  2005-03-28-00927                                          20320289                  Arm                                Interest In Arrears                                    $ 89,520.00                                 $ 89,242.16                  00/00/0000                                             8.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431462                  2005-03-28-00944                                          20320297                  Arm                                Interest In Arrears                                   $ 174,250.00                                $ 173,620.84                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431329                  2005-03-28-00965                                          20320305                  Arm                                Interest In Arrears                                   $ 112,800.00                                $ 112,412.59                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431110                  2005-03-28-00985                                          20320313                  Arm                                Interest In Arrears                                    $ 93,200.00                                 $ 92,912.28                  00/00/0000                                             7.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333430597                  2005-03-28-01180                                          20320321                  Fixed                              Interest In Arrears                                   $ 136,000.00                                $ 135,541.27                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333430972                  2005-03-28-01289                                          20320339                  Arm                                Interest In Arrears                                    $ 90,400.00                                 $ 90,006.44                  00/00/0000                                             6.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333433861                  2005-03-29-00078                                          20320347                  Fixed                              Interest In Arrears                                    $ 78,400.00                                 $ 78,185.61                  00/00/0000                                             8.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333430728                  2005-03-29-00086                                          20320354                  Fixed                              Interest In Arrears                                    $ 76,800.00                                 $ 76,413.91                  00/00/0000                                             6.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333430865                  2005-03-29-00260                                          20320362                  Arm                                Interest In Arrears                                   $ 107,100.00                                $ 106,848.26                  00/00/0000                                             8.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333430615                  2005-03-29-00347                                          20320370                  Arm                                Interest In Arrears                                    $ 78,244.00                                 $ 77,928.43                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333431396                  2005-03-29-00437                                          20320388                  Arm                                Interest In Arrears                                    $ 71,200.00                                 $ 70,990.84                  00/00/0000                                             7.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431066                  2005-03-29-00438                                          20320396                  Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,520.22                  00/00/0000                                             6.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333430662                  2005-03-29-00645                                          20320404                  Fixed                              Interest In Arrears                                    $ 82,320.00                                 $ 82,094.57                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333433912                  2005-03-29-00718                                          20320412                  Arm                                Interest In Arrears                                   $ 145,800.00                                $ 145,431.84                  00/00/0000                                             8.350
MILA                                  Chase                            US Bank                                 MLA0428                                  333431294                  2005-03-29-00824                                          20320420                  Arm                                Interest In Arrears                                   $ 169,125.00                                $ 168,555.74                  00/00/0000                                             8.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333431065                  2005-03-29-00902                                          20320438                  Arm                                Interest Only                                         $ 420,000.00                                $ 420,000.00                  00/00/0000                                             6.990
MILA                                  Chase                            US Bank                                 MLA0428                                  333430709                  2005-03-29-00963                                          20320446                  Fixed                              Interest In Arrears                                   $ 124,800.00                                $ 124,422.30                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333430721                  2005-03-29-00993                                          20320453                  Fixed                              Interest In Arrears                                    $ 88,000.00                                 $ 87,714.59                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333433866                  2005-03-29-01050                                          20320461                  Arm                                Interest In Arrears                                    $ 63,200.00                                 $ 63,033.80                  00/00/0000                                             8.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333431242                  2005-03-29-01079                                          20320487                  Arm                                Interest Only                                         $ 244,800.00                                $ 244,800.00                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430799                  2005-03-29-01224                                          20320495                  Fixed                              Interest In Arrears                                   $ 254,000.00                                $ 253,065.05                  00/00/0000                                             6.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333430846                  2005-03-30-00011                                          20320529                  Arm                                Interest In Arrears                                    $ 87,520.00                                 $ 87,277.91                  00/00/0000                                             7.900
MILA                                  Chase                            US Bank                                 MLA0428                                  333430618                  2005-03-30-00248                                          20320537                  Arm                                Interest In Arrears                                    $ 83,200.00                                 $ 82,841.29                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0428                                  333433874                  2005-03-30-00252                                          20320552                  Arm                                Interest In Arrears                                   $ 147,200.00                                $ 146,698.64                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333433933                  2005-03-30-00263                                          20320560                  Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,765.90                  00/00/0000                                             8.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430606                  2005-03-30-00270                                          20320578                  Arm                                Interest In Arrears                                    $ 53,776.00                                 $ 53,581.83                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431301                  2005-03-30-00309                                          20320586                  Arm                                Interest In Arrears                                   $ 100,720.00                                $ 100,407.42                  00/00/0000                                             8.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431067                  2005-03-30-00453                                          20320594                  Arm                                Interest In Arrears                                    $ 85,000.00                                 $ 84,769.58                  00/00/0000                                             8.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333431345                  2005-03-30-00491                                          20320602                  Arm                                Interest In Arrears                                    $ 76,720.00                                 $ 76,583.99                  00/00/0000                                            10.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333433917                  2005-03-30-00732                                          20320628                  Arm                                Interest Only                                         $ 241,600.00                                $ 241,600.00                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431331                  2005-03-30-00748                                          20320636                  Arm                                Interest Only                                         $ 288,000.00                                $ 288,000.00                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333431321                  2005-03-30-00755                                          20320644                  Arm                                Interest Only                                         $ 132,720.00                                $ 132,720.00                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431145                  2005-03-30-00961                                          20320651                  Arm                                Interest In Arrears                                   $ 103,905.00                                $ 103,647.92                  00/00/0000                                             8.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333433889                  2005-03-30-00988                                          20320669                  Arm                                Interest Only                                         $ 120,800.00                                $ 120,800.00                  00/00/0000                                             7.050
MILA                                  Chase                            US Bank                                 MLA0428                                  333430882                  2005-03-30-01092                                          20320677                  Arm                                Interest Only                                         $ 196,000.00                                $ 196,000.00                  00/00/0000                                             5.950
MILA                                  Chase                            US Bank                                 MLA0428                                  333431127                  2005-03-30-01139                                          20320693                  Arm                                Interest Only                                         $ 260,000.00                                $ 260,000.00                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333431342                  2005-03-30-01162                                          20320701                  Arm                                Interest Only                                         $ 276,000.00                                $ 276,000.00                  00/00/0000                                             6.300
MILA                                  Chase                            US Bank                                 MLA0428                                  333433918                  2005-03-30-01165                                          20320719                  Arm                                Interest In Arrears                                   $ 139,960.00                                $ 139,709.22                  00/00/0000                                            10.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333433945                  2005-03-31-00005                                          20320727                  Arm                                Interest In Arrears                                    $ 52,000.00                                 $ 51,894.36                  00/00/0000                                             9.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333431453                  2005-03-31-00161                                          20320743                  Arm                                Interest Only                                         $ 108,800.00                                $ 108,800.00                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333433883                  2005-03-31-00221                                          20320750                  Arm                                Interest Only                                         $ 144,000.00                                $ 143,646.85                  00/00/0000                                             7.200
MILA                                  Chase                            US Bank                                 MLA0428                                  333430698                  2005-03-31-00248                                          20320768                  Fixed                              Interest In Arrears                                    $ 57,283.00                                 $ 57,146.95                  00/00/0000                                             8.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333433934                  2005-03-31-00410                                          20320776                  Arm                                Interest In Arrears                                   $ 237,500.00                                $ 236,816.17                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333430919                  2005-03-31-00492                                          20320784                  Arm                                Interest In Arrears                                    $ 88,000.00                                 $ 87,524.60                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333433845                  2005-03-31-00832                                          20320800                  Arm                                Interest In Arrears                                   $ 126,111.00                                $ 125,706.00                  00/00/0000                                             7.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333431054                  2005-03-31-00985                                          20320818                  Arm                                Interest In Arrears                                    $ 91,200.00                                 $ 90,937.40                  00/00/0000                                             7.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431419                  2005-03-31-00997                                          20320826                  Arm                                Interest In Arrears                                   $ 140,000.00                                $ 139,685.14                  00/00/0000                                            10.000
MILA                                  Chase                            US Bank                                 MLA0428                                  333433895                  2005-03-31-01158                                          20320834                  Fixed                              Interest In Arrears                                   $ 350,000.00                                $ 348,772.56                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333433940                  2005-03-31-01198                                          20320859                  Arm                                Interest Only                                          $ 76,800.00                                 $ 76,800.00                  00/00/0000                                             9.250
MILA                                  Chase                            US Bank                                 MLA0428                                  333431068                  2005-04-01-00229                                          20320867                  Arm                                Interest In Arrears                                   $ 148,454.00                                $ 148,039.22                  00/00/0000                                             7.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333430601                  2005-04-01-00305                                          20320875                  Arm                                Interest In Arrears                                    $ 96,400.00                                 $ 96,125.20                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333433894                  2005-04-01-00531                                          20320891                  Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,737.00                  00/00/0000                                             8.150
MILA                                  Chase                            US Bank                                 MLA0428                                  333433893                  2005-04-04-00068                                          20320917                  Arm                                Interest In Arrears                                    $ 78,800.00                                 $ 78,682.31                  00/00/0000                                            10.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333433946                  2005-04-04-00312                                          20320933                  Arm                                Interest In Arrears                                    $ 98,387.00                                 $ 98,150.95                  00/00/0000                                             8.600
MILA                                  Chase                            US Bank                                 MLA0428                                  333433919                  2005-04-04-00704                                          20320941                  Arm                                Interest Only                                         $ 256,000.00                                $ 256,000.00                  00/00/0000                                             6.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333433885                  2005-04-04-01074                                          20320966                  Arm                                Interest In Arrears                                   $ 149,400.00                                $ 148,844.74                  00/00/0000                                             6.400
MILA                                  Chase                            US Bank                                 MLA0428                                  333433941                  2005-04-04-01092                                          20320974                  Arm                                Interest Only                                         $ 319,200.00                                $ 319,200.00                  00/00/0000                                             7.550
MILA                                  Chase                            US Bank                                 MLA0428                                  333433913                  2005-04-05-00090                                          20320982                  Arm                                Interest Only                                         $ 376,000.00                                $ 376,000.00                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333433850                  2005-04-05-00094                                          20320990                  Fixed                              Interest In Arrears                                    $ 72,000.00                                 $ 71,754.75                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0428                                  333431384                  2005-04-05-00550                                          20321006                  Arm                                Interest Only                                          $ 86,000.00                                 $ 86,000.00                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0428                                  333431114                  2005-04-05-00773                                          20321014                  Arm                                Interest In Arrears                                   $ 209,000.00                                $ 208,482.89                  00/00/0000                                             8.450
MILA                                  Chase                            US Bank                                 MLA0428                                  333433947                  2005-04-05-01239                                          20321022                  Arm                                Interest Only                                         $ 340,000.00                                $ 340,000.00                  00/00/0000                                             7.750
MILA                                  Chase                            US Bank                                 MLA0428                                  333433884                  2005-04-06-00521                                          20321030                  Arm                                Interest In Arrears                                   $ 264,000.00                                $ 263,059.85                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333431254                  2005-04-06-00542                                          20321048                  Arm                                Interest Only                                         $ 192,000.00                                $ 192,000.00                  00/00/0000                                             7.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333433924                  2005-04-06-00591                                          20321055                  Arm                                Interest In Arrears                                    $ 85,600.00                                 $ 85,296.88                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0428                                  333433928                  2005-04-06-00915                                          20321063                  Arm                                Interest Only                                         $ 188,000.00                                $ 188,000.00                  00/00/0000                                             8.100
MILA                                  Chase                            US Bank                                 MLA0428                                  333433929                  2005-04-07-00329                                          20321071                  Arm                                Interest In Arrears                                    $ 80,000.00                                 $ 79,713.93                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0630                                  333474747                  2005-06-01-00444-S                                        20760179                  Fixed                              Interest In Arrears                                    $ 16,000.00                                 $ 15,970.19                  00/00/0000                                            12.640
MILA                                  Chase                            US Bank                                 MLA0630                                  333474812                  2005-06-06-01391                                          20760187                  Arm                                Interest In Arrears                                   $ 136,585.00                                $ 136,444.32                  00/00/0000                                             9.300
MILA                                  Chase                            US Bank                                 MLA0630                                  333474815                  2005-06-07-01455                                          20760195                  Arm                                Interest In Arrears                                    $ 81,000.00                                 $ 80,909.32                  00/00/0000                                             8.900
MILA                                  Chase                            US Bank                                 MLA0630                                  333474844                  2005-06-02-01444                                          20760203                  Arm                                Interest In Arrears                                    $ 75,120.00                                 $ 74,992.80                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0630                                  333474885                  2005-06-01-00811                                          20760229                  Arm                                Interest In Arrears                                    $ 84,400.00                                 $ 84,161.19                  00/00/0000                                             6.400
MILA                                  Chase                            US Bank                                 MLA0630                                  333475001                  2005-06-02-01113                                          20760237                  Arm                                Interest In Arrears                                   $ 263,200.00                                $ 262,758.65                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0630                                  333474999                  2005-06-03-00345                                          20760245                  Arm                                Interest In Arrears                                   $ 155,600.00                                $ 155,341.64                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0630                                  333474835                  2005-06-01-00414                                          20760252                  Arm                                Interest In Arrears                                    $ 82,400.00                                 $ 82,263.17                  00/00/0000                                             6.950
MILA                                  Chase                            US Bank                                 MLA0630                                  333474985                  2005-06-02-00581-S                                        20760260                  Fixed                              Interest In Arrears                                    $ 17,200.00                                 $ 17,162.01                  00/00/0000                                            10.800
MILA                                  Chase                            US Bank                                 MLA0630                                  333474871                  2005-06-02-00029                                          20760278                  Arm                                Interest Only                                          $ 64,000.00                                 $ 64,000.00                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0630                                  333474811                  2005-06-09-00323                                          20760286                  Arm                                Interest In Arrears                                    $ 90,973.00                                 $ 90,879.30                  00/00/0000                                             9.300
MILA                                  Chase                            US Bank                                 MLA0630                                  333474753                  2005-05-31-00649-S                                        20760294                  Fixed                              Interest In Arrears                                    $ 30,254.00                                 $ 30,238.91                  00/00/0000                                            12.640
MILA                                  Chase                            US Bank                                 MLA0630                                  333474745                  2005-06-09-00323-S                                        20760302                  Fixed                              Interest In Arrears                                    $ 22,743.00                                 $ 22,705.26                  00/00/0000                                            12.640
MILA                                  Chase                            US Bank                                 MLA0630                                  333474743                  2005-06-01-01244-S                                        20760310                  Fixed                              Interest In Arrears                                    $ 23,100.00                                 $ 23,056.95                  00/00/0000                                            12.640
MILA                                  Chase                            US Bank                                 MLA0630                                  333475071                  2005-06-02-01231-S                                        20760328                  Fixed                              Interest In Arrears                                    $ 18,500.00                                 $ 18,318.29                  00/00/0000                                            10.140
MILA                                  Chase                            US Bank                                 MLA0630                                  333474744                  2005-06-06-01391-S                                        20762316                  Fixed                              Interest In Arrears                                    $ 34,146.00                                 $ 34,089.34                  00/00/0000                                            12.640
MILA                                  Chase                            US Bank                                 MLA0630                                  333475042                  2005-06-02-00581                                          20762324                  Fixed                              Interest In Arrears                                    $ 68,800.00                                 $ 68,697.56                  00/00/0000                                             7.500
MILA                                  Chase                            US Bank                                 MLA0630                                  333474805                  2005-06-01-01244                                          20801387                  Arm                                Interest In Arrears                                    $ 92,400.00                                 $ 92,323.83                  00/00/0000                                            10.350
MILA                                  Chase                            US Bank                                 MLA0630                                  333474868                  2005-06-01-00311                                          20801396                  Arm                                Interest In Arrears                                   $ 220,000.00                                $ 219,608.83                  00/00/0000                                             6.600
MILA                                  Chase                            US Bank                                 MLA0630                                  333474829                  2005-06-01-00561                                          20801403                  Arm                                Interest In Arrears                                    $ 68,320.00                                 $ 68,216.24                  00/00/0000                                             7.400
MILA                                  Chase                            US Bank                                 MLA0630                                  333475003                  2005-06-02-00609                                          20801411                  Arm                                Interest Only                                         $ 376,500.00                                $ 376,500.01                  00/00/0000                                             6.700
MILA                                  Chase                            US Bank                                 MLA0630                                  333474941                  2005-06-02-00279                                          20801429                  Arm                                Interest Only                                         $ 184,000.00                                $ 184,000.00                  00/00/0000                                             6.050
MILA                                  Chase                            US Bank                                 MLA0630                                  333474704                  2005-06-02-00746-S                                        20801437                  Fixed                              Interest In Arrears                                    $ 13,485.00                                 $ 13,461.05                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333475000                  2005-06-06-01134                                          20801445                  Arm                                Interest In Arrears                                   $ 143,194.00                                $ 142,949.13                  00/00/0000                                             6.800
MILA                                  Chase                            US Bank                                 MLA0630                                  333474881                  2005-05-31-00716                                          20801452                  Arm                                Interest In Arrears                                    $ 76,800.00                                 $ 76,659.40                  00/00/0000                                             6.450
MILA                                  Chase                            US Bank                                 MLA0630                                  333475049                  2005-06-02-00762                                          20801460                  Arm                                Interest Only                                         $ 115,412.00                                $ 115,412.00                  00/00/0000                                             6.850
MILA                                  Chase                            US Bank                                 MLA0630                                  333475046                  2005-06-01-01343                                          20801478                  Arm                                Interest Only                                         $ 156,800.00                                $ 156,800.00                  00/00/0000                                             6.900
MILA                                  Chase                            US Bank                                 MLA0630                                  333474746                  2005-06-02-00515-S                                        20801494                  Fixed                              Interest In Arrears                                    $ 19,000.00                                 $ 18,964.60                  00/00/0000                                            12.640
MILA                                  Chase                            US Bank                                 MLA0630                                  333474828                  2005-06-07-00096                                          20801502                  Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,798.74                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0630                                  333474861                  2005-06-09-00275                                          20801510                  Arm                                Interest In Arrears                                    $ 70,400.00                                 $ 70,276.04                  00/00/0000                                             6.650
MILA                                  Chase                            US Bank                                 MLA0630                                  333474914                  2005-06-05-00024                                          20801528                  Arm                                Interest Only                                         $ 114,672.00                                $ 114,670.50                  00/00/0000                                             6.250
MILA                                  Chase                            US Bank                                 MLA0630                                  333474808                  2005-06-01-00392                                          20801536                  Arm                                Interest In Arrears                                    $ 94,320.00                                 $ 94,232.56                  00/00/0000                                             9.800
MILA                                  Chase                            US Bank                                 MLA0630                                  333475093                  2005-06-02-01231                                          20801544                  Arm                                Interest In Arrears                                    $ 74,000.00                                 $ 73,888.71                  00/00/0000                                             7.450
MILA                                  Chase                            US Bank                                 MLA0630                                  333475075                  2005-06-06-01179-S                                        20801544                  Fixed                              Interest In Arrears                                    $ 18,000.00                                 $ 17,956.19                  00/00/0000                                            10.140
MILA                                  Chase                            US Bank                                 MLA0630                                  333474750                  2005-06-06-00625-S                                        20801551                  Fixed                              Interest In Arrears                                    $ 23,000.00                                 $ 22,961.82                  00/00/0000                                            12.640
MILA                                  Chase                            US Bank                                 MLA0630                                  333474751                  2005-06-01-00653-S                                        20801569                  Fixed                              Interest In Arrears                                    $ 24,400.00                                 $ 24,387.84                  00/00/0000                                            12.640
MILA                                  Chase                            US Bank                                 MLA0630                                  333474877                  2005-06-06-00473                                          20801577                  Arm                                Interest In Arrears                                    $ 78,720.00                                 $ 78,577.29                  00/00/0000                                             6.500
MILA                                  Chase                            US Bank                                 MLA0630                                  333475002                  2005-06-07-01086                                          20801585                  Arm                                Interest In Arrears                                   $ 351,108.00                                $ 350,477.61                  00/00/0000                                             6.550
MILA                                  Chase                            US Bank                                 MLA0630                                  333474822                  2005-06-01-00411                                          20801593                  Arm                                Interest In Arrears                                    $ 62,400.00                                 $ 62,289.95                  00/00/0000                                             7.950
MILA                                  Chase                            US Bank                                 MLA0630                                  333474707                  2005-03-21-00750-S                                        20803391                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,973.19                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474718                  2005-04-05-00540-S                                        20803409                  Fixed                              Interest In Arrears                                    $ 19,600.00                                 $ 19,546.96                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474724                  2005-04-14-01339-S                                        20803425                  Fixed                              Interest In Arrears                                    $ 23,300.00                                 $ 23,237.56                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474711                  2005-04-18-00388-S                                        20803433                  Fixed                              Interest In Arrears                                    $ 10,100.00                                 $ 10,086.83                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474709                  2005-04-20-00661-S                                        20803458                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,973.19                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474712                  2005-04-24-00049-S                                        20803490                  Fixed                              Interest In Arrears                                    $ 12,500.00                                 $ 12,466.49                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474736                  2005-04-25-00833-S                                        20803508                  Fixed                              Interest In Arrears                                    $ 11,250.00                                 $ 11,212.30                  00/00/0000                                            12.750
MILA                                  Chase                            US Bank                                 MLA0630                                  333474706                  2005-04-26-00590-S                                        20803516                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,973.19                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474790                  2005-04-26-01004-S                                        20803524                  Fixed                              Interest In Arrears                                    $ 40,000.00                                 $ 39,965.24                  00/00/0000                                            11.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474733                  2005-04-27-00180-S                                        20803540                  Fixed                              Interest In Arrears                                    $ 32,140.00                                 $ 32,053.87                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474729                  2005-04-27-00204-S                                        20803557                  Fixed                              Interest In Arrears                                    $ 27,298.00                                 $ 26,913.59                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474973                  2005-04-27-00694-S                                        20803565                  Fixed                              Interest In Arrears                                    $ 16,800.00                                 $ 16,757.45                  00/00/0000                                            11.490
MILA                                  Chase                            US Bank                                 MLA0630                                  333474723                  2005-04-28-00062-S                                        20803599                  Fixed                              Interest In Arrears                                    $ 20,400.00                                 $ 20,345.32                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474710                  2005-04-28-00698-S                                        20803615                  Fixed                              Interest In Arrears                                    $ 10,090.00                                 $ 10,072.07                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474726                  2005-04-29-00815-S                                        20803623                  Fixed                              Interest In Arrears                                    $ 24,400.00                                 $ 24,334.62                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474703                  2005-05-02-00382-S                                        20803631                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,982.22                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474713                  2005-05-02-00411-S                                        20803649                  Fixed                              Interest In Arrears                                    $ 13,600.00                                 $ 13,562.78                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474721                  2005-05-02-00823-S                                        20803656                  Fixed                              Interest In Arrears                                    $ 19,965.00                                 $ 19,911.51                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474701                  2005-05-03-01196-S                                        20803672                  Fixed                              Interest In Arrears                                    $ 22,400.00                                 $ 22,389.68                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474722                  2005-05-04-00288-S                                        20803698                  Fixed                              Interest In Arrears                                    $ 20,000.00                                 $ 19,964.47                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474719                  2005-05-04-00634-S                                        20803706                  Fixed                              Interest In Arrears                                    $ 19,779.00                                 $ 19,725.99                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474732                  2005-05-04-00686-S                                        20803714                  Fixed                              Interest In Arrears                                    $ 31,980.00                                 $ 31,894.31                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474727                  2005-05-05-00449-S                                        20803730                  Fixed                              Interest In Arrears                                    $ 25,000.00                                 $ 24,933.00                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474725                  2005-05-05-00702-S                                        20803748                  Fixed                              Interest In Arrears                                    $ 24,000.00                                 $ 23,988.94                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474705                  2005-05-05-00837-S                                        20803755                  Fixed                              Interest In Arrears                                    $ 18,000.00                                 $ 17,968.01                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474714                  2005-05-06-00183-S                                        20803763                  Fixed                              Interest In Arrears                                    $ 13,600.00                                 $ 13,562.77                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474728                  2005-05-06-00231-S                                        20803771                  Fixed                              Interest In Arrears                                    $ 25,000.00                                 $ 24,982.64                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474731                  2005-05-06-00579-S                                        20803789                  Fixed                              Interest In Arrears                                    $ 31,000.00                                 $ 30,944.92                  00/00/0000                                            12.990
MILA                                  Chase                            US Bank                                 MLA0630                                  333474715                  2005-05-09-00925-S                                        20803805                  Fixed                              Interest In Arrears                                    $ 17,302.00                                 $ 17,255.64                  00/00/0000                                            12.990
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474716                  2005-05-09-01055-S                                        20803813                  Fixed                              Interest In Arrears                                    $ 17,600.00                                 $ 17,568.73                  00/00/0000                                            12.990
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474708                  2005-05-10-00336-S                                        20803821                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,973.19                  00/00/0000                                            12.990
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474730                  2005-05-10-00710-S                                        20803839                  Fixed                              Interest In Arrears                                    $ 28,896.00                                 $ 28,882.69                  00/00/0000                                            12.990
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474777                  2005-05-11-00250-S                                        20803847                  Fixed                              Interest In Arrears                                    $ 21,200.00                                 $ 21,140.42                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474763                  2005-05-11-00326-S                                        20803854                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,981.37                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474778                  2005-05-11-01041-S                                        20803888                  Fixed                              Interest In Arrears                                    $ 21,870.00                                 $ 21,829.23                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474769                  2005-05-11-01063-S                                        20803896                  Fixed                              Interest In Arrears                                    $ 14,900.00                                 $ 14,888.81                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474766                  2005-05-12-00053-S                                        20803904                  Fixed                              Interest In Arrears                                    $ 13,300.00                                 $ 13,262.62                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474784                  2005-05-12-00278-S                                        20803912                  Fixed                              Interest In Arrears                                    $ 12,795.00                                 $ 12,769.83                  00/00/0000                                            12.240
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474774                  2005-05-12-00398-S                                        20803920                  Fixed                              Interest In Arrears                                    $ 16,700.00                                 $ 16,653.06                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474762                  2005-05-12-01040-S                                        20803938                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,981.37                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474754                  2005-05-16-00352-S                                        20803953                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,971.91                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475077                  2005-05-16-00758-S                                        20803961                  Fixed                              Interest In Arrears                                    $ 16,303.00                                 $ 16,239.22                  00/00/0000                                            10.140
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474770                  2005-05-16-00850-S                                        20803979                  Fixed                              Interest In Arrears                                    $ 15,200.00                                 $ 15,171.67                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474976                  2005-05-17-00516-S                                        20803987                  Fixed                              Interest In Arrears                                    $ 16,000.00                                 $ 15,964.03                  00/00/0000                                            11.240
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474756                  2005-05-17-00976-S                                        20804001                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,971.91                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474755                  2005-05-17-01392-S                                        20804019                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,971.91                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474775                  2005-05-17-01441-S                                        20804027                  Fixed                              Interest In Arrears                                    $ 17,600.00                                 $ 17,567.20                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474717                  2005-05-17-01616-S                                        20804043                  Fixed                              Interest In Arrears                                    $ 18,250.00                                 $ 18,217.58                  00/00/0000                                            12.990
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474734                  2005-05-17-01728-S                                        20804050                  Fixed                              Interest In Arrears                                    $ 32,468.00                                 $ 32,380.99                  00/00/0000                                            12.990
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474772                  2005-05-18-00223-S                                        20804076                  Fixed                              Interest In Arrears                                    $ 15,400.00                                 $ 15,371.29                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474767                  2005-05-18-00472-S                                        20804084                  Fixed                              Interest In Arrears                                    $ 14,000.00                                 $ 13,905.08                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474764                  2005-05-18-00762-S                                        20804092                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,971.91                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474702                  2005-05-18-00869-S                                        20804100                  Fixed                              Interest In Arrears                                    $ 12,150.00                                 $ 12,128.41                  00/00/0000                                            12.990
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474737                  2005-05-19-00048-S                                        20804126                  Fixed                              Interest In Arrears                                    $ 24,063.00                                 $ 24,018.15                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474758                  2005-05-19-00194-S                                        20804134                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,971.91                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474631                  2005-05-19-00196-S                                        20804142                  Fixed                              Interest In Arrears                                    $ 30,000.00                                 $ 29,966.19                  00/00/0000                                            10.800
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474761                  2005-05-19-01429-S                                        20804159                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,981.37                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474978                  2005-05-20-00325-S                                        20804167                  Fixed                              Interest In Arrears                                    $ 15,680.00                                 $ 15,608.82                  00/00/0000                                            11.240
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474739                  2005-05-20-00388-S                                        20804175                  Fixed                              Interest In Arrears                                    $ 36,980.00                                 $ 36,961.57                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474780                  2005-05-20-00443-S                                        20804183                  Fixed                              Interest In Arrears                                    $ 22,400.00                                 $ 22,358.26                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474740                  2005-05-22-00076-S                                        20804217                  Fixed                              Interest In Arrears                                    $ 41,400.00                                 $ 41,322.86                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475069                  2005-05-23-00178-S                                        20804225                  Fixed                              Interest In Arrears                                    $ 17,260.00                                 $ 17,215.17                  00/00/0000                                            10.140
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474757                  2005-05-23-00486-S                                        20804258                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,971.91                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474782                  2005-05-23-00545-S                                        20804266                  Fixed                              Interest In Arrears                                    $ 21,900.00                                 $ 21,858.35                  00/00/0000                                            12.490
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474741                  2005-05-23-00940-S                                        20804274                  Fixed                              Interest In Arrears                                    $ 16,500.00                                 $ 16,469.26                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474765                  2005-05-24-00034-S                                        20804282                  Fixed                              Interest In Arrears                                    $ 12,000.00                                 $ 11,966.28                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474748                  2005-05-24-00165-S                                        20804290                  Fixed                              Interest In Arrears                                    $ 20,000.00                                 $ 19,962.74                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474980                  2005-05-24-00531-S                                        20804332                  Fixed                              Interest In Arrears                                    $ 11,000.00                                 $ 10,975.27                  00/00/0000                                            11.240
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474760                  2005-05-24-00861-S                                        20804357                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,981.37                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474742                  2005-05-25-00271-S                                        20804373                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,981.37                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474768                  2005-05-25-00377-S                                        20804381                  Fixed                              Interest In Arrears                                    $ 14,600.00                                 $ 14,558.97                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474781                  2005-05-25-00449-S                                        20804399                  Fixed                              Interest In Arrears                                    $ 22,400.00                                 $ 22,337.06                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474759                  2005-05-25-01072-S                                        20804407                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,981.37                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474783                  2005-05-25-01321-S                                        20804415                  Fixed                              Interest In Arrears                                    $ 13,785.00                                 $ 13,758.78                  00/00/0000                                            12.490
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474779                  2005-05-26-00946-S                                        20804449                  Fixed                              Interest In Arrears                                    $ 22,100.00                                 $ 22,058.81                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474640                  2005-05-27-00154-S                                        20804456                  Fixed                              Interest In Arrears                                    $ 15,600.00                                 $ 15,550.38                  00/00/0000                                             8.550
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474776                  2005-05-27-00355-S                                        20804464                  Fixed                              Interest In Arrears                                    $ 20,980.00                                 $ 20,940.89                  00/00/0000                                            12.640
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474785                  2005-05-31-00276-S                                        20804472                  Fixed                              Interest In Arrears                                    $ 10,000.00                                  $ 9,980.32                  00/00/0000                                            12.240
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474983                  2005-05-31-00720-S                                        20804498                  Fixed                              Interest In Arrears                                    $ 32,200.00                                 $ 32,125.16                  00/00/0000                                            10.990
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474960                  2005-01-12-00528                                          20804506                  Arm                                Interest Only                                          $ 96,000.00                                 $ 96,000.00                  00/00/0000                                             7.500
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474814                  2005-03-08-00248                                          20804514                  Arm                                Interest In Arrears                                    $ 40,800.00                                 $ 40,756.64                  00/00/0000                                             9.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475090                  2005-03-16-00690                                          20804522                  Arm                                Interest Only                                         $ 385,600.00                                $ 385,600.00                  00/00/0000                                             5.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474653                  2005-03-23-00349                                          20804530                  Arm                                Interest Only                                         $ 276,000.00                                $ 276,000.00                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474855                  2005-03-29-00648                                          20804548                  Arm                                Interest Only                                         $ 223,200.00                                $ 223,200.00                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475035                  2005-04-04-00419                                          20804555                  Arm                                Interest Only                                         $ 311,200.00                                $ 311,200.00                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474955                  2005-04-05-00184                                          20804571                  Arm                                Interest Only                                         $ 137,600.00                                $ 137,600.00                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474850                  2005-04-06-00337                                          20804589                  Arm                                Interest In Arrears                                    $ 62,000.00                                 $ 61,828.96                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474940                  2005-04-08-00836                                          20804597                  Arm                                Interest In Arrears                                   $ 400,000.00                                $ 398,822.07                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474909                  2005-04-11-00961                                          20804605                  Arm                                Interest In Arrears                                   $ 126,320.00                                $ 125,961.89                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474813                  2005-04-12-00164                                          20804613                  Arm                                Interest In Arrears                                   $ 168,000.00                                $ 167,825.15                  00/00/0000                                             9.250
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475021                  2005-04-12-00344                                          20804621                  Arm                                Interest Only                                         $ 188,000.00                                $ 188,000.00                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475033                  2005-04-12-01036                                          20804647                  Arm                                Interest In Arrears                                   $ 272,000.00                                $ 271,307.14                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475036                  2005-04-13-00537                                          20804654                  Arm                                Interest Only                                         $ 313,294.00                                $ 313,294.00                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474947                  2005-04-13-00553                                          20804662                  Arm                                Interest Only                                         $ 320,000.00                                $ 320,000.00                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474854                  2005-04-13-01003                                          20804670                  Arm                                Interest In Arrears                                   $ 205,000.00                                $ 204,467.50                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474953                  2005-04-14-00876                                          20804688                  Arm                                Interest In Arrears                                   $ 102,000.00                                $ 101,693.39                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474903                  2005-04-15-00332                                          20804696                  Arm                                Interest In Arrears                                    $ 98,400.00                                 $ 98,121.13                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474867                  2005-04-15-00586                                          20804704                  Arm                                Interest In Arrears                                   $ 349,350.00                                $ 348,424.73                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474847                  2005-04-18-00079                                          20804720                  Arm                                Interest In Arrears                                   $ 176,000.00                                $ 175,551.68                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474685                  2005-04-18-00445                                          20804738                  Arm                                Interest In Arrears                                   $ 188,800.00                                $ 188,244.02                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474900                  2005-04-18-00750                                          20804746                  Arm                                Interest Only                                          $ 90,000.00                                 $ 90,000.00                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474891                  2005-04-18-00937                                          20804753                  Arm                                Interest In Arrears                                   $ 131,920.00                                $ 131,549.73                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474950                  2005-04-18-01007                                          20804761                  Arm                                Interest Only                                          $ 98,412.00                                 $ 98,412.00                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474647                  2005-04-20-00450                                          20804779                  Arm                                Interest Only                                         $ 300,000.00                                $ 300,000.00                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474659                  2005-04-20-00548                                          20804787                  Arm                                Interest Only                                         $ 200,000.00                                $ 200,000.00                  00/00/0000                                             6.400
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474859                  2005-04-20-00625                                          20804795                  Arm                                Interest Only                                         $ 238,400.00                                $ 238,399.82                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474965                  2005-04-20-01031                                          20804803                  Arm                                Interest In Arrears                                    $ 99,200.00                                 $ 99,085.72                  00/00/0000                                            10.700
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474830                  2005-04-21-00157                                          20804811                  Arm                                Interest In Arrears                                    $ 71,600.00                                 $ 71,491.25                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474666                  2005-04-21-00435                                          20804829                  Arm                                Interest Only                                         $ 340,000.00                                $ 340,000.00                  00/00/0000                                             6.340
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475095                  2005-04-21-00459                                          20804837                  Arm                                Interest Only                                         $ 380,000.00                                $ 380,000.00                  00/00/0000                                             7.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475054                  2005-04-21-00599                                          20804845                  Arm                                Interest Only                                         $ 397,190.00                                $ 397,190.00                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474831                  2005-04-21-00949                                          20804852                  Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,896.71                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475029                  2005-04-21-00978                                          20804860                  Arm                                Interest In Arrears                                   $ 250,000.00                                $ 248,208.71                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475059                  2005-04-22-00643                                          20804878                  Arm                                Interest In Arrears                                    $ 69,600.00                                 $ 69,367.51                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474898                  2005-04-23-00121                                          20804886                  Arm                                Interest Only                                          $ 74,320.00                                 $ 74,320.00                  00/00/0000                                             6.305
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474934                  2005-04-24-00037                                          20804902                  Arm                                Interest In Arrears                                   $ 195,000.00                                $ 194,621.81                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475017                  2005-04-25-00372                                          20804910                  Arm                                Interest In Arrears                                   $ 175,225.00                                $ 174,723.61                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475061                  2005-04-25-01024                                          20804928                  Arm                                Interest Only                                         $ 147,920.00                                $ 147,920.00                  00/00/0000                                             7.850
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474677                  2005-04-25-01062                                          20804936                  Arm                                Interest In Arrears                                   $ 277,600.00                                $ 276,798.04                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474661                  2005-04-25-01138                                          20804944                  Arm                                Interest Only                                         $ 319,200.00                                $ 319,200.00                  00/00/0000                                             6.400
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474670                  2005-04-25-01225                                          20804951                  Arm                                Interest Only                                         $ 375,200.00                                $ 375,200.00                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474689                  2005-04-25-01278                                          20804969                  Arm                                Interest Only                                          $ 97,000.00                                 $ 97,000.00                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474840                  2005-04-26-00008                                          20804977                  Arm                                Interest In Arrears                                   $ 443,257.00                                $ 442,149.81                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474698                  2005-04-26-00476                                          20804993                  Arm                                Interest In Arrears                                   $ 145,600.00                                $ 145,053.85                  00/00/0000                                             5.900
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474931                  2005-04-26-00495                                          20805008                  Arm                                Interest In Arrears                                   $ 115,200.00                                $ 114,863.99                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474678                  2005-04-26-00570                                          20805016                  Arm                                Interest In Arrears                                   $ 300,000.00                                $ 299,423.70                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474916                  2005-04-26-01185                                          20805024                  Arm                                Interest In Arrears                                   $ 183,200.00                                $ 182,675.81                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474676                  2005-04-26-01396                                          20805032                  Arm                                Interest Only                                         $ 176,800.00                                $ 176,798.93                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474864                  2005-04-27-00055                                          20805040                  Arm                                Interest Only                                         $ 116,000.00                                $ 116,000.00                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475048                  2005-04-27-00501                                          20805057                  Arm                                Interest Only                                         $ 320,000.00                                $ 320,000.00                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474957                  2005-04-27-00529                                          20805065                  Arm                                Interest In Arrears                                   $ 284,000.00                                $ 283,147.60                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475040                  2005-04-27-00694                                          20805073                  Arm                                Interest In Arrears                                    $ 67,200.00                                 $ 67,097.27                  00/00/0000                                             8.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474683                  2005-04-27-00891                                          20805099                  Arm                                Interest Only                                         $ 368,000.00                                $ 368,000.00                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474700                  2005-04-27-00976                                          20805107                  Arm                                Interest In Arrears                                   $ 267,750.00                                $ 267,005.67                  00/00/0000                                             6.400
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474851                  2005-04-27-01165                                          20805115                  Arm                                Interest Only                                          $ 92,000.00                                 $ 92,000.00                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474680                  2005-04-28-00099                                          20805123                  Arm                                Interest In Arrears                                   $ 179,247.00                                $ 178,883.35                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474696                  2005-04-28-00195                                          20805131                  Arm                                Interest Only                                         $ 148,000.00                                $ 148,000.00                  00/00/0000                                             5.950
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474668                  2005-04-28-01254                                          20805149                  Arm                                Interest Only                                         $ 271,200.00                                $ 271,045.20                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475097                  2005-04-29-00250                                          20805156                  Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,754.40                  00/00/0000                                             7.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474857                  2005-04-29-00431                                          20805164                  Arm                                Interest In Arrears                                   $ 103,600.00                                $ 103,328.25                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474684                  2005-04-29-00855                                          20805172                  Arm                                Interest In Arrears                                    $ 71,200.00                                 $ 70,990.32                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474904                  2005-04-29-00997                                          20805180                  Arm                                Interest In Arrears                                    $ 98,800.00                                 $ 98,519.98                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474879                  2005-05-02-00053                                          20805206                  Arm                                Interest In Arrears                                   $ 188,275.00                                $ 187,761.60                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474970                  2005-05-02-00651                                          20805214                  Arm                                Interest In Arrears                                    $ 94,400.00                                 $ 94,230.71                  00/00/0000                                             8.600
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474884                  2005-05-02-00658                                          20805222                  Arm                                Interest In Arrears                                   $ 124,720.00                                $ 124,469.49                  00/00/0000                                             6.400
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474699                  2005-05-02-00709                                          20805230                  Arm                                Interest Only                                         $ 220,000.00                                $ 220,000.00                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475018                  2005-05-02-00832                                          20805248                  Arm                                Interest In Arrears                                   $ 175,950.00                                $ 175,446.56                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474918                  2005-05-02-00979                                          20805255                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,855.57                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475034                  2005-05-02-01206                                          20805263                  Arm                                Interest Only                                         $ 296,180.00                                $ 296,178.40                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475041                  2005-05-03-00387                                          20805271                  Arm                                Interest Only                                          $ 96,800.00                                 $ 96,800.00                  00/00/0000                                             7.540
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474924                  2005-05-03-00601                                          20805289                  Arm                                Interest In Arrears                                   $ 210,400.00                                $ 209,995.84                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474694                  2005-05-03-00651                                          20805297                  Arm                                Interest In Arrears                                   $ 109,000.00                                $ 108,780.36                  00/00/0000                                             5.950
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474866                  2005-05-03-00966                                          20805305                  Arm                                Interest In Arrears                                   $ 267,325.00                                $ 266,616.99                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475019                  2005-05-03-01205                                          20805313                  Arm                                Interest Only                                         $ 183,200.00                                $ 183,200.00                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474942                  2005-05-03-01238                                          20805321                  Arm                                Interest In Arrears                                    $ 75,200.00                                 $ 74,976.43                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474959                  2005-05-04-00009                                          20805339                  Arm                                Interest In Arrears                                   $ 115,600.00                                $ 115,372.77                  00/00/0000                                             8.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474899                  2005-05-04-00075                                          20805347                  Arm                                Interest In Arrears                                    $ 55,120.00                                 $ 54,963.78                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474870                  2005-05-04-00229                                          20805354                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,861.10                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475043                  2005-05-04-00243                                          20805362                  Arm                                Interest Only                                          $ 57,600.00                                 $ 57,600.00                  00/00/0000                                             7.250
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474663                  2005-05-04-00644                                          20805388                  Arm                                Interest Only                                         $ 180,000.00                                $ 180,000.00                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474827                  2005-05-04-00737                                          20805396                  Arm                                Interest In Arrears                                   $ 221,600.00                                $ 221,270.05                  00/00/0000                                             7.500
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474923                  2005-05-04-00773                                          20805404                  Arm                                Interest Only                                         $ 208,000.00                                $ 207,997.99                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474913                  2005-05-04-00926                                          20805412                  Arm                                Interest Only                                         $ 368,000.00                                $ 367,663.12                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475024                  2005-05-04-00976                                          20805420                  Arm                                Interest In Arrears                                   $ 200,000.00                                $ 199,370.54                  00/00/0000                                             5.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474929                  2005-05-04-01279                                          20805438                  Arm                                Interest In Arrears                                    $ 91,200.00                                 $ 90,933.98                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474896                  2005-05-04-01299                                          20805446                  Arm                                Interest In Arrears                                   $ 291,920.00                                $ 291,100.62                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474958                  2005-05-04-01333                                          20805453                  Arm                                Interest Only                                         $ 296,000.00                                $ 296,000.00                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474654                  2005-05-04-01334                                          20805461                  Arm                                Interest In Arrears                                   $ 289,600.00                                $ 288,810.33                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475015                  2005-05-05-00112                                          20805479                  Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,653.34                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474880                  2005-05-05-00188                                          20805487                  Arm                                Interest Only                                          $ 69,600.00                                 $ 69,600.00                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474894                  2005-05-05-00201                                          20805495                  Arm                                Interest Only                                         $ 167,625.00                                $ 167,625.00                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474966                  2005-05-05-00786                                          20805503                  Arm                                Interest In Arrears                                   $ 119,600.00                                $ 119,454.62                  00/00/0000                                            10.450
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474888                  2005-05-05-00884                                          20805511                  Arm                                Interest In Arrears                                   $ 160,000.00                                $ 159,703.69                  00/00/0000                                             6.390
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475031                  2005-05-05-00910                                          20805529                  Arm                                Interest Only                                         $ 256,000.00                                $ 255,973.26                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475050                  2005-05-05-01092                                          20805537                  Arm                                Interest In Arrears                                   $ 200,000.00                                $ 199,651.80                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474908                  2005-05-05-01185                                          20805545                  Arm                                Interest Only                                         $ 113,600.00                                $ 113,600.00                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474911                  2005-05-05-01242                                          20805552                  Arm                                Interest Only                                         $ 316,000.00                                $ 316,000.00                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474935                  2005-05-05-01320                                          20805560                  Arm                                Interest Only                                         $ 196,000.00                                $ 196,000.00                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474902                  2005-05-06-00089                                          20805578                  Arm                                Interest In Arrears                                    $ 91,920.00                                 $ 91,746.79                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474856                  2005-05-06-00370                                          20805586                  Arm                                Interest Only                                         $ 228,720.00                                $ 228,720.00                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475085                  2005-05-06-00672                                          20805602                  Arm                                Interest In Arrears                                   $ 151,050.00                                $ 150,768.09                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474964                  2005-05-06-00685                                          20805610                  Arm                                Interest In Arrears                                    $ 52,694.00                                 $ 52,593.53                  00/00/0000                                             8.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474846                  2005-05-07-00025                                          20805636                  Arm                                Interest In Arrears                                   $ 159,000.00                                $ 158,520.15                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474841                  2005-05-07-00125                                          20805644                  Arm                                Interest In Arrears                                    $ 66,144.00                                 $ 65,976.79                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474962                  2005-05-09-00102                                          20805651                  Arm                                Interest In Arrears                                   $ 243,000.00                                $ 242,444.65                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474665                  2005-05-09-00132                                          20805669                  Arm                                Interest Only                                         $ 360,000.00                                $ 360,000.00                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475047                  2005-05-09-00348                                          20805677                  Arm                                Interest Only                                         $ 300,760.00                                $ 300,296.18                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474664                  2005-05-09-00444                                          20805685                  Arm                                Interest In Arrears                                   $ 265,854.00                                $ 265,107.78                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474905                  2005-05-09-00510                                          20805693                  Arm                                Interest Only                                         $ 103,920.00                                $ 103,920.00                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474972                  2005-05-09-00829                                          20805701                  Arm                                Interest In Arrears                                    $ 84,000.00                                 $ 83,856.93                  00/00/0000                                             8.850
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474890                  2005-05-09-01058                                          20805719                  Arm                                Interest In Arrears                                    $ 99,875.00                                 $ 99,594.66                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475025                  2005-05-09-01271                                          20805727                  Arm                                Interest Only                                         $ 200,000.00                                $ 200,000.00                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474921                  2005-05-09-01331                                          20805735                  Arm                                Interest Only                                         $ 158,400.00                                $ 158,400.00                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474907                  2005-05-10-00139                                          20805743                  Arm                                Interest In Arrears                                   $ 108,000.00                                $ 107,689.48                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474887                  2005-05-10-00381                                          20805750                  Arm                                Interest Only                                         $ 131,720.00                                $ 131,720.00                  00/00/0000                                             6.400
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474865                  2005-05-10-00546                                          20805768                  Arm                                Interest Only                                         $ 126,480.00                                $ 126,480.00                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474936                  2005-05-10-01339                                          20805776                  Arm                                Interest In Arrears                                   $ 144,000.00                                $ 143,576.78                  00/00/0000                                             6.110
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474693                  2005-05-10-01505                                          20805784                  Arm                                Interest Only                                         $ 380,000.00                                $ 380,000.00                  00/00/0000                                             5.990
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474818                  2005-05-11-00311                                          20805792                  Arm                                Interest In Arrears                                   $ 198,000.00                                $ 197,751.74                  00/00/0000                                             8.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474971                  2005-05-11-00464                                          20805800                  Fixed                              Interest In Arrears                                    $ 58,950.00                                 $ 58,805.61                  00/00/0000                                             7.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475053                  2005-05-11-00710                                          20805818                  Arm                                Interest In Arrears                                    $ 87,600.00                                 $ 87,448.74                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474933                  2005-05-11-01137                                          20805826                  Arm                                Interest In Arrears                                   $ 174,900.00                                $ 174,560.78                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474951                  2005-05-12-00099                                          20805834                  Arm                                Interest In Arrears                                    $ 99,849.00                                 $ 99,549.30                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474889                  2005-05-12-00105                                          20805842                  Arm                                Interest In Arrears                                    $ 73,600.00                                 $ 73,462.63                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474892                  2005-05-12-00197                                          20805859                  Arm                                Interest In Arrears                                   $ 133,600.00                                $ 133,225.00                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474809                  2005-05-12-00278                                          20805867                  Arm                                Interest In Arrears                                   $ 108,757.00                                $ 108,651.84                  00/00/0000                                             9.600
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474674                  2005-05-12-00370                                          20805875                  Arm                                Interest Only                                         $ 145,600.00                                $ 145,600.00                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474649                  2005-05-12-00668                                          20805883                  Arm                                Interest Only                                         $ 408,000.00                                $ 408,000.00                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474644                  2005-05-12-00705                                          20805891                  Arm                                Interest In Arrears                                    $ 87,000.00                                 $ 86,848.30                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475096                  2005-05-12-00939                                          20805909                  Fixed                              Interest In Arrears                                    $ 84,000.00                                 $ 83,811.81                  00/00/0000                                             7.500
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475088                  2005-05-12-00990                                          20805917                  Arm                                Interest In Arrears                                   $ 300,000.00                                $ 299,406.89                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474845                  2005-05-12-01231                                          20805925                  Arm                                Interest In Arrears                                    $ 71,200.00                                 $ 71,079.44                  00/00/0000                                             6.850
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474686                  2005-05-12-01256                                          20805933                  Arm                                Interest Only                                         $ 292,000.00                                $ 292,000.00                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475030                  2005-05-12-01259                                          20805941                  Arm                                Interest Only                                         $ 255,000.00                                $ 255,000.02                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474886                  2005-05-13-00057                                          20805966                  Arm                                Interest In Arrears                                    $ 89,600.00                                 $ 89,350.93                  00/00/0000                                             6.400
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475068                  2005-05-13-00613                                          20805974                  Arm                                Interest Only                                         $ 496,000.00                                $ 496,000.00                  00/00/0000                                             7.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475056                  2005-05-13-00693                                          20805982                  Arm                                Interest In Arrears                                    $ 90,250.00                                 $ 90,077.94                  00/00/0000                                             8.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474928                  2005-05-15-00029                                          20806006                  Arm                                Interest Only                                          $ 84,400.00                                 $ 84,400.00                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474901                  2005-05-16-00035                                          20806014                  Arm                                Interest Only                                          $ 90,320.00                                 $ 90,320.00                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474952                  2005-05-16-00456                                          20806022                  Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,800.40                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474943                  2005-05-16-00504                                          20806030                  Arm                                Interest Only                                         $ 160,000.00                                $ 160,000.00                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474842                  2005-05-16-00518                                          20806048                  Fixed                              Interest In Arrears                                   $ 262,500.00                                $ 262,059.83                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474825                  2005-05-16-00542                                          20806055                  Arm                                Interest In Arrears                                   $ 125,880.00                                $ 125,698.11                  00/00/0000                                             7.650
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474938                  2005-05-16-00773                                          20806063                  Arm                                Interest Only                                         $ 131,200.00                                $ 131,200.00                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474839                  2005-05-16-01015                                          20806071                  Fixed                              Interest In Arrears                                   $ 276,500.00                                $ 276,040.89                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474946                  2005-05-16-01017                                          20806089                  Arm                                Interest In Arrears                                   $ 280,000.00                                $ 278,624.73                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474669                  2005-05-16-01057                                          20806097                  Arm                                Interest Only                                         $ 364,000.00                                $ 364,000.00                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475012                  2005-05-17-00516                                          20806105                  Arm                                Interest In Arrears                                    $ 64,000.00                                 $ 63,915.56                  00/00/0000                                             8.100
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474695                  2005-05-17-00536                                          20806113                  Arm                                Interest In Arrears                                   $ 123,000.00                                $ 122,752.14                  00/00/0000                                             5.950
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474675                  2005-05-17-00722                                          20806121                  Arm                                Interest In Arrears                                   $ 147,920.00                                $ 147,635.85                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475062                  2005-05-17-00799                                          20806139                  Arm                                Interest Only                                         $ 156,000.00                                $ 156,000.00                  00/00/0000                                             8.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474848                  2005-05-17-00969                                          20806147                  Arm                                Interest Only                                          $ 59,225.00                                 $ 59,225.00                  00/00/0000                                             6.800
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475079                  2005-05-17-01071                                          20806154                  Fixed                              Interest In Arrears                                   $ 333,000.00                                $ 332,518.87                  00/00/0000                                             7.650
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474922                  2005-05-17-01350                                          20806162                  Arm                                Interest In Arrears                                   $ 202,320.00                                $ 201,735.50                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475045                  2005-05-17-01358                                          20806170                  Arm                                Interest Only                                         $ 192,800.00                                $ 192,800.00                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474837                  2005-05-18-00187                                          20806188                  Arm                                Interest In Arrears                                   $ 126,400.00                                $ 126,190.13                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474948                  2005-05-18-00375                                          20806196                  Arm                                Interest In Arrears                                    $ 51,200.00                                 $ 51,097.81                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474917                  2005-05-18-00605                                          20806204                  Arm                                Interest Only                                         $ 137,600.00                                $ 137,600.00                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474869                  2005-05-18-00738                                          20806220                  Arm                                Interest In Arrears                                    $ 79,440.00                                 $ 79,298.75                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474826                  2005-05-18-00800                                          20806238                  Arm                                Interest In Arrears                                   $ 185,600.00                                $ 185,321.39                  00/00/0000                                             7.500
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474824                  2005-05-18-00869                                          20806246                  Arm                                Interest In Arrears                                   $ 194,400.00                                $ 194,124.69                  00/00/0000                                             7.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474915                  2005-05-18-01422                                          20806253                  Arm                                Interest Only                                         $ 110,400.00                                $ 110,400.00                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474819                  2005-05-19-00048                                          20806261                  Arm                                Interest In Arrears                                   $ 128,336.00                                $ 128,168.39                  00/00/0000                                             8.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474660                  2005-05-19-00196                                          20806279                  Arm                                Interest Only                                         $ 240,000.00                                $ 240,000.00                  00/00/0000                                             6.400
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474816                  2005-05-19-00311                                          20806287                  Arm                                Interest In Arrears                                    $ 60,000.00                                 $ 59,932.13                  00/00/0000                                             8.850
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474838                  2005-05-19-00406                                          20806295                  Arm                                Interest Only                                         $ 208,000.00                                $ 207,954.67                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475009                  2005-05-19-00416                                          20806303                  Arm                                Interest In Arrears                                   $ 366,000.00                                $ 365,316.94                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474949                  2005-05-19-00483                                          20806311                  Arm                                Interest In Arrears                                    $ 91,920.00                                 $ 91,644.09                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474860                  2005-05-19-00518                                          20806329                  Arm                                Interest In Arrears                                   $ 276,000.00                                $ 275,518.69                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474954                  2005-05-19-00588                                          20806337                  Arm                                Interest In Arrears                                   $ 103,920.00                                $ 103,712.58                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475087                  2005-05-19-00879                                          20806345                  Arm                                Interest In Arrears                                   $ 216,600.00                                $ 216,236.80                  00/00/0000                                             6.900
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475084                  2005-05-19-00944                                          20806352                  Arm                                Interest In Arrears                                    $ 82,696.00                                 $ 82,540.16                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475006                  2005-05-19-00954                                          20806360                  Fixed                              Interest In Arrears                                   $ 132,050.00                                $ 131,899.07                  00/00/0000                                             8.800
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474832                  2005-05-19-01391                                          20806378                  Arm                                Interest In Arrears                                    $ 52,720.00                                 $ 52,639.93                  00/00/0000                                             7.400
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474673                  2005-05-20-00295                                          20806386                  Arm                                Interest Only                                         $ 381,600.00                                $ 381,599.50                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475007                  2005-05-20-00325                                          20806394                  Arm                                Interest In Arrears                                    $ 62,720.00                                 $ 62,642.95                  00/00/0000                                             8.450
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475005                  2005-05-20-00337                                          20806402                  Arm                                Interest Only                                         $ 330,000.00                                $ 330,000.00                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475032                  2005-05-20-00369                                          20806410                  Arm                                Interest In Arrears                                   $ 260,000.00                                $ 259,273.88                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474648                  2005-05-20-00425                                          20806428                  Arm                                Interest In Arrears                                   $ 343,844.00                                $ 343,232.63                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474687                  2005-05-20-00452                                          20806436                  Arm                                Interest Only                                         $ 353,600.00                                $ 353,600.00                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474807                  2005-05-20-00592                                          20806444                  Arm                                Interest In Arrears                                    $ 87,200.00                                 $ 87,119.15                  00/00/0000                                             9.800
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474878                  2005-05-20-00736                                          20806451                  Arm                                Interest Only                                         $ 144,000.00                                $ 144,000.00                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474651                  2005-05-20-00831                                          20806469                  Arm                                Interest Only                                         $ 295,200.00                                $ 295,200.00                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474679                  2005-05-20-01047                                          20806477                  Arm                                Interest Only                                         $ 134,440.00                                $ 134,440.00                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474945                  2005-05-20-01048                                          20806485                  Arm                                Interest In Arrears                                   $ 196,010.00                                $ 195,427.25                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475004                  2005-05-20-01140                                          20806493                  Arm                                Interest Only                                         $ 316,000.00                                $ 316,000.00                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474834                  2005-05-21-00092                                          20806501                  Arm                                Interest In Arrears                                    $ 64,000.00                                 $ 63,894.78                  00/00/0000                                             7.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474810                  2005-05-22-00076                                          20806519                  Arm                                Interest In Arrears                                   $ 165,600.00                                $ 165,438.16                  00/00/0000                                             9.550
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474919                  2005-05-23-00061                                          20806527                  Arm                                Interest In Arrears                                    $ 66,400.00                                 $ 66,272.45                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475092                  2005-05-23-00178                                          20806535                  Fixed                              Interest In Arrears                                    $ 69,040.00                                 $ 68,952.56                  00/00/0000                                             8.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474681                  2005-05-23-00223                                          20806543                  Arm                                Interest In Arrears                                   $ 237,600.00                                $ 237,139.16                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475044                  2005-05-23-00485                                          20806550                  Arm                                Interest In Arrears                                   $ 164,800.00                                $ 164,526.37                  00/00/0000                                             6.950
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474883                  2005-05-23-00516                                          20806568                  Arm                                Interest In Arrears                                   $ 179,375.00                                $ 179,046.64                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474906                  2005-05-23-00533                                          20806576                  Arm                                Interest In Arrears                                   $ 104,000.00                                $ 103,804.03                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474895                  2005-05-23-00604                                          20806584                  Arm                                Interest Only                                         $ 232,000.00                                $ 232,000.00                  00/00/0000                                             6.350
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474692                  2005-05-23-00893                                          20806592                  Arm                                Interest Only                                         $ 264,800.00                                $ 264,800.00                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474872                  2005-05-23-00940                                          20806600                  Arm                                Interest In Arrears                                   $ 132,000.00                                $ 131,762.99                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474876                  2005-05-23-01169                                          20806618                  Arm                                Interest In Arrears                                   $ 300,000.00                                $ 299,461.37                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475055                  2005-05-23-01325                                          20806626                  Arm                                Interest Only                                         $ 420,000.00                                $ 420,000.00                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474937                  2005-05-23-01358                                          20806634                  Arm                                Interest Only                                         $ 214,000.00                                $ 213,987.83                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474656                  2005-05-23-01387                                          20806642                  Arm                                Interest Only                                         $ 256,000.00                                $ 256,000.00                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474925                  2005-05-24-00223                                          20806659                  Arm                                Interest In Arrears                                   $ 225,000.00                                $ 224,567.77                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474852                  2005-05-24-00311                                          20806667                  Arm                                Interest In Arrears                                   $ 115,360.00                                $ 115,060.36                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474697                  2005-05-24-00407                                          20806675                  Arm                                Interest In Arrears                                   $ 217,600.00                                $ 217,157.31                  00/00/0000                                             5.900
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474650                  2005-05-24-00432                                          20806683                  Arm                                Interest Only                                         $ 339,600.00                                $ 339,600.00                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475010                  2005-05-24-00531                                          20806691                  Arm                                Interest Only                                         $ 187,000.00                                $ 187,000.00                  00/00/0000                                             9.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474646                  2005-05-24-00532                                          20806709                  Arm                                Interest Only                                         $ 195,000.00                                $ 195,000.00                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474874                  2005-05-24-00563                                          20806717                  Arm                                Interest In Arrears                                   $ 202,000.00                                $ 201,637.32                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474645                  2005-05-24-00572                                          20806725                  Arm                                Interest Only                                         $ 248,000.00                                $ 248,000.00                  00/00/0000                                             6.600
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474882                  2005-05-24-00636                                          20806733                  Arm                                Interest In Arrears                                   $ 103,200.00                                $ 103,011.09                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474944                  2005-05-24-00763                                          20806741                  Arm                                Interest In Arrears                                   $ 173,600.00                                $ 173,256.78                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474875                  2005-05-24-00830                                          20806758                  Arm                                Interest Only                                         $ 207,760.00                                $ 207,760.00                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475014                  2005-05-24-00892                                          20806766                  Arm                                Interest Only                                         $ 100,800.00                                $ 100,800.00                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474688                  2005-05-24-00973                                          20806774                  Arm                                Interest Only                                         $ 260,000.00                                $ 260,000.00                  00/00/0000                                             6.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474821                  2005-05-24-01154                                          20806782                  Arm                                Interest In Arrears                                   $ 228,000.00                                $ 227,696.10                  00/00/0000                                             8.050
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474833                  2005-05-24-01322                                          20806790                  Arm                                Interest In Arrears                                   $ 160,000.00                                $ 159,752.09                  00/00/0000                                             7.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474863                  2005-05-25-00271                                          20806808                  Arm                                Interest In Arrears                                    $ 66,000.00                                 $ 65,883.78                  00/00/0000                                             6.650
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474667                  2005-05-25-00347                                          20806816                  Arm                                Interest In Arrears                                   $ 227,920.00                                $ 227,490.52                  00/00/0000                                             6.300
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474939                  2005-05-25-00470                                          20806824                  Arm                                Interest Only                                         $ 142,000.00                                $ 141,999.83                  00/00/0000                                             6.100
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474926                  2005-05-25-00549                                          20806832                  Arm                                Interest Only                                         $ 351,200.00                                $ 351,200.00                  00/00/0000                                             6.200
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475026                  2005-05-25-00722                                          20806840                  Arm                                Interest In Arrears                                   $ 205,200.00                                $ 204,831.58                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475038                  2005-05-25-01164                                          20806857                  Arm                                Interest In Arrears                                   $ 330,000.00                                $ 329,341.32                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475052                  2005-05-26-00255                                          20806873                  Arm                                Interest Only                                         $ 168,000.00                                $ 168,000.00                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475020                  2005-05-26-00393                                          20806881                  Arm                                Interest Only                                         $ 184,320.00                                $ 184,320.00                  00/00/0000                                             6.550
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474657                  2005-05-26-01196                                          20806899                  Arm                                Interest Only                                         $ 504,000.00                                $ 503,999.00                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475011                  2005-05-26-01243                                          20806907                  Arm                                Interest Only                                         $ 140,000.00                                $ 140,000.00                  00/00/0000                                             6.500
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475080                  2005-05-27-00093                                          20806915                  Fixed                              Interest In Arrears                                   $ 208,000.00                                $ 207,658.01                  00/00/0000                                             7.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474691                  2005-05-27-00154                                          20806923                  Arm                                Interest In Arrears                                    $ 62,400.00                                 $ 62,275.45                  00/00/0000                                             6.000
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475039                  2005-05-27-00590                                          20806931                  Arm                                Interest Only                                         $ 176,000.00                                $ 176,000.00                  00/00/0000                                             8.600
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474930                  2005-05-28-00043                                          20806949                  Arm                                Interest In Arrears                                   $ 112,800.00                                $ 112,581.22                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474643                  2005-05-30-00047                                          20806956                  Arm                                Interest In Arrears                                    $ 88,000.00                                 $ 87,846.56                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474820                  2005-05-31-00276                                          20806964                  Arm                                Interest In Arrears                                    $ 83,575.00                                 $ 83,464.73                  00/00/0000                                             8.100
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474671                  2005-05-31-00365                                          20806972                  Arm                                Interest In Arrears                                    $ 90,000.00                                 $ 89,828.76                  00/00/0000                                             6.250
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475016                  2005-05-31-00416                                          20806980                  Arm                                Interest Only                                         $ 130,000.00                                $ 129,998.75                  00/00/0000                                             6.450
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474858                  2005-05-31-00507                                          20806998                  Arm                                Interest In Arrears                                   $ 154,700.00                                $ 154,430.23                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474682                  2005-05-31-00626                                          20807004                  Arm                                Interest Only                                         $ 266,000.00                                $ 266,000.00                  00/00/0000                                             6.150
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475008                  2005-05-31-00720                                          20807012                  Arm                                Interest In Arrears                                   $ 128,800.00                                $ 128,575.40                  00/00/0000                                             6.700
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474849                  2005-05-31-00970                                          20807020                  Arm                                Interest Only                                         $ 185,600.00                                $ 185,600.00                  00/00/0000                                             6.750
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333474817                  2005-06-08-00934                                          20837605                  Arm                                Interest In Arrears                                   $ 237,440.00                                $ 237,157.17                  00/00/0000                                             8.600
XXXX                                  Xxxxx                            US Bank                                 MLA0630                                  333475051                  2005-06-01-01199                                          20837613                  Arm                                Interest Only                                         $ 238,800.00                                $ 238,800.00                  00/00/0000                                             0.000
Xxx Xxxxxxx                           Xxxxx                            XX Xxxx                                 XX0000                                   333273100                                 1885853                             #N/A                             Arm                                Interest In Arrears                                   $ 224,000.00                                $ 223,559.25                                   8/1/2005                              0.000
Xxx Xxxxxxx                           Xxxxx                            XX Xxxx                                 XX0000                                   333266078                                 1783850                             #N/A                             Arm                                Interest In Arrears                                   $ 244,800.00                                $ 241,210.60                                   9/1/2005                              8.450
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006520                  0128560976-00                                             20486007                  Arm                                Interest In Arrears                                   $ 235,000.00                                $ 234,277.71                                   8/1/2005                              5.875
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006521                  0128547718-00                                             20486015                  Arm                                Interest In Arrears                                    $ 74,400.00                                 $ 74,282.79                                   8/1/2005                              9.225
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006522                  0128570397-00                                             20486023                  Arm                                Interest In Arrears                                   $ 145,000.00                                $ 144,741.31                                   8/1/2005                              8.625
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006524                  0128523743-00                                             20486031                  Arm                                Interest In Arrears                                    $ 97,000.00                                 $ 96,857.99                                   7/1/2005                              9.575
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006526                  0128593035-00                                             20486049                  Arm                                Interest In Arrears                                   $ 177,000.00                                $ 176,613.24                                   8/1/2005                              7.625
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006527                  0128574696-00                                             20486056                  Arm                                Interest In Arrears                                   $ 113,000.00                                $ 112,729.97                                   9/1/2005                              7.175
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006528                  0128533767-00                                             20486064                  Arm                                Interest In Arrears                                   $ 207,500.00                                $ 207,082.97                                   8/1/2005                              8.425
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006529                  0128532462-00                                             20486072                  Arm                                Interest In Arrears                                   $ 124,200.00                                $ 123,903.64                                   8/1/2005                              8.625
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006530                  0128398880-00                                             20486080                  Arm                                Interest In Arrears                                    $ 77,700.00                                 $ 77,593.79                                   7/1/2005                             10.075
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006531                  0128548419-00                                             20486098                  Arm                                Interest In Arrears                                   $ 147,000.00                                $ 146,727.62                                   8/1/2005                              8.625
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006532                  0128478534-00                                             20486106                  Arm                                Interest In Arrears                                    $ 59,500.00                                 $ 59,389.00                                   8/1/2005                             10.875
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006533                  0128415056-00                                             20486114                  Arm                                Interest In Arrears                                   $ 135,200.00                                $ 134,803.32                                   7/1/2005                              8.725
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006534                  0128524097-00                                             20486122                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,911.28                                   8/1/2005                             10.675
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006535                  0128561792-00                                             20486130                  Arm                                Interest In Arrears                                    $ 57,600.00                                 $ 57,518.24                                   8/1/2005                              9.725
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006536                  0128548021-00                                             20486148                  Arm                                Interest In Arrears                                   $ 115,000.00                                $ 114,687.63                                   9/1/2005                              6.520
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006537                  0128551462-00                                             20486155                  Arm                                Interest Only                                         $ 240,000.00                                $ 240,000.00                                   8/1/2005                              7.375
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006538                  0128558913-00                                             20486163                  Arm                                Interest In Arrears                                   $ 208,000.00                                $ 207,493.71                                   8/1/2005                              7.875
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006541                  0128486792-00                                             20486189                  Arm                                Interest In Arrears                                   $ 431,100.00                                $ 430,290.53                                   8/1/2005                              8.375
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006543                  0128548807-00                                             20486205                  Arm                                Interest In Arrears                                    $ 55,000.00                                 $ 54,938.93                                   8/1/2005                             10.900
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006544                  0128575198-00                                             20486213                  Arm                                Interest In Arrears                                   $ 110,000.00                                $ 109,811.69                                   8/1/2005                              8.825
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006545                  0128541174-00                                             20486221                  Arm                                Interest In Arrears                                   $ 134,000.00                                $ 133,710.10                                   8/1/2005                              7.675
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006546                  0128589918-00                                             20486239                  Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,751.45                                   8/1/2005                              6.975
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006547                  0128562402-00                                             20486247                  Arm                                Interest In Arrears                                   $ 256,700.00                                $ 255,867.39                                   8/1/2005                              5.590
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006548                  0128552304-00                                             20486254                  Arm                                Interest In Arrears                                   $ 230,400.00                                $ 229,774.80                                   8/1/2005                              6.525
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006549                  0128549086-00                                             20486262                  Arm                                Interest In Arrears                                    $ 85,000.00                                 $ 84,858.45                                   8/1/2005                              8.975
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006550                  0128556073-00                                             20486270                  Arm                                Interest In Arrears                                   $ 114,000.00                                $ 113,772.48                                   8/1/2005                              8.075
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006551                  0128450913-00                                             20486288                  Arm                                Interest In Arrears                                    $ 97,600.00                                 $ 97,424.19                                   8/1/2005                              9.975
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006552                  0128496817-00                                             20486296                  Arm                                Interest In Arrears                                   $ 210,000.00                                $ 209,063.33                                   8/1/2005                              6.625
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006553                  0128538667-00                                             20486304                  Arm                                Interest Only                                         $ 432,000.00                                $ 432,000.00                                   9/1/2005                              6.940
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006554                  0128581196-00                                             20486312                  Arm                                Interest In Arrears                                   $ 300,000.00                                $ 299,185.92                                   8/1/2005                              6.525
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006555                  0128509213-00                                             20486320                  Arm                                Interest In Arrears                                   $ 204,000.00                                $ 203,423.77                                   8/1/2005                              8.525
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006556                  0128554136-00                                             20486338                  Arm                                Interest In Arrears                                   $ 105,000.00                                $ 104,777.34                                   8/1/2005                              7.775
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006557                  0128549755-00                                             20486346                  Arm                                Interest In Arrears                                   $ 112,500.00                                $ 112,266.21                                   8/1/2005                              7.875
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006558                  0128499464-00                                             20486353                  Arm                                Interest In Arrears                                   $ 359,500.00                                $ 358,576.79                                   8/1/2005                              9.125
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006559                  0128581014-00                                             20486361                  Arm                                Interest In Arrears                                   $ 155,000.00                                $ 154,820.49                                   8/1/2005                             10.675
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006560                  0128521937-00                                             20486379                  Arm                                Interest In Arrears                                    $ 69,700.00                                 $ 69,603.99                                   8/1/2005                              9.925
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006561                  0128566429-00                                             20486387                  Arm                                Interest Only                                         $ 538,500.00                                $ 538,500.00                                   8/1/2005                              7.140
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006564                  0128540325-00                                             20486403                  Arm                                Interest In Arrears                                    $ 71,500.00                                 $ 71,424.05                                   8/1/2005                             11.075
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006566                  0128542396-00                                             20486411                  Arm                                Interest In Arrears                                   $ 180,000.00                                $ 179,757.40                                   8/1/2005                              9.975
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006567                  0128578416-00                                             20486429                  Arm                                Interest In Arrears                                    $ 50,000.00                                 $ 49,943.96                                   8/1/2005                             11.525
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006568                  0128589348-00                                             20486437                  Arm                                Interest In Arrears                                   $ 160,000.00                                $ 159,512.86                                   8/1/2005                              5.925
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006569                  0128550530-00                                             20486445                  Arm                                Interest In Arrears                                   $ 150,000.00                                $ 149,739.78                                   8/1/2005                              8.775
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006570                  0128553658-00                                             20486452                  Arm                                Interest In Arrears                                   $ 432,000.00                                $ 431,102.24                                   8/1/2005                              7.875
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006571                  0128541182-00                                             20486460                  Arm                                Interest In Arrears                                    $ 55,000.00                                 $ 54,859.23                                   8/1/2005                              6.825
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006572                  0128585148-00                                             20486478                  Arm                                Interest In Arrears                                    $ 60,000.00                                 $ 59,823.48                                   8/1/2005                              7.925
Greenlight                            Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777006573                  0128423530-00                                             20486486                  Arm                                Interest Only                                         $ 235,600.00                                $ 235,589.94                                   8/1/2005                              5.250
Greenlight                            Xxxxx                            Xxxxx Fargo                             813411ben                                777006576                  0128565595-00                                             20486502                  Fixed                              Interest In Arrears                                   $ 265,000.00                                $ 264,237.76                                   8/1/2005                              6.625
Greenlight                            Xxxxx                            Xxxxx Fargo                             813411ben                                777006580                  0128547569-00                                             20486536                  Fixed                              Interest In Arrears                                   $ 120,700.00                                $ 120,471.04                                   8/1/2005                              8.325
Greenlight                            Xxxxx                            Xxxxx Fargo                             813411ben                                777006581                  0128539152-00                                             20486544                  Fixed                              Interest Only                                         $ 132,000.00                                $ 132,000.00                                   8/1/2005                              7.675
Greenlight                            Xxxxx                            Xxxxx Fargo                             813411ben                                777006585                  0128570926-00                                             20486551                  Fixed                              Interest In Arrears                                   $ 157,000.00                                $ 156,826.78                                   7/1/2005                             10.900
Greenlight                            Xxxxx                            Xxxxx Fargo                             813411ben                                777006587                  0128506730-00                                             20486569                  Fixed                              Interest In Arrears                                   $ 164,000.00                                $ 163,657.75                                   8/1/2005                              8.500
Greenlight                            Xxxxx                            Xxxxx Fargo                             813411ben                                777006588                  0128550381-00                                             20486577                  Fixed                              Interest In Arrears                                    $ 68,000.00                                 $ 67,897.80                                   8/1/2005                              9.450
UBS Conduit                           Xxxxx                            Xxxxx Fargo                             888906sal                                777001784                               122386515                                    19909043                  Arm                                Interest In Arrears                                   $ 325,800.00                                $ 324,326.54                                   8/1/2005                              9.550
UBS Conduit                           Xxxxx                            Xxxxx Xxxxx                             000000xxx                                777004535                               412220003                                    20117099                  Arm                                Interest In Arrears                                   $ 260,000.00                                $ 258,981.15                                   8/1/2005                              8.990
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493728                                 5072117                             #N/A                             Arm                                Interest Only                                         $ 153,000.00                                $ 153,000.00                                   9/1/2005                              8.675
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493729                                 5072133                             #N/A                             Arm                                Interest In Arrears                                   $ 100,000.00                                $ 100,000.00                                   9/1/2005                              6.600
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493730                                 5072134                             #N/A                             Fixed                              Interest In Arrears                                    $ 25,000.00                                 $ 25,000.00                                   9/1/2005                             12.050
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493716                                 5071827                             #N/A                             Arm                                Interest In Arrears                                   $ 270,000.00                                $ 270,000.00                                   9/1/2005                              6.450
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493717                                 5071902                             #N/A                             Arm                                Interest In Arrears                                   $ 118,750.00                                $ 118,750.00                                   9/1/2005                              9.125
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493718                                 5071904                             #N/A                             Fixed                              Interest In Arrears                                   $ 152,000.00                                $ 152,000.00                                   9/1/2005                              9.500
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493689                                 5052021                             #N/A                             Arm                                Interest Only                                         $ 432,000.00                                $ 432,000.00                                   8/1/2005                              6.850
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493690                                 5052022                             #N/A                             Fixed                              Interest In Arrears                                   $ 108,000.00                                $ 107,964.33                                   8/1/2005                             11.350
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493697                                 5070715                             #N/A                             Arm                                Interest In Arrears                                   $ 140,000.00                                $ 139,944.96                                   8/1/2005                             10.550
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493698                                 5070722                             #N/A                             Arm                                Interest In Arrears                                   $ 180,000.00                                $ 179,899.34                                   8/1/2005                              5.600
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493691                                 5061503                             #N/A                             Arm                                Interest In Arrears                                   $ 158,800.00                                $ 158,800.00                                   9/1/2005                              9.600
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493693                                 5063005                             #N/A                             Fixed                              Interest In Arrears                                   $ 195,000.00                                $ 195,000.00                                   9/1/2005                              6.400
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493694                                 5063006                             #N/A                             Arm                                Interest Only                                         $ 232,750.00                                $ 232,750.00                                   8/1/2005                              7.350
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493702                                 5071111                             #N/A                             Arm                                Interest In Arrears                                   $ 168,000.00                                $ 168,000.00                                   9/1/2005                              5.500
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493703                                 5071201                             #N/A                             Arm                                Interest Only                                         $ 432,000.00                                $ 432,000.00                                   8/1/2005                              7.600
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493704                                 5071202                             #N/A                             Fixed                              Interest In Arrears                                   $ 108,000.00                                $ 107,965.29                                   8/1/2005                             11.475
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493696                                 5070626                             #N/A                             Arm                                Interest In Arrears                                   $ 220,000.00                                $ 220,000.00                                   9/1/2005                              8.350
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493706                                 5071329                             #N/A                             Arm                                Interest In Arrears                                   $ 180,000.00                                $ 180,000.00                                   9/1/2005                              8.250
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493707                                 5071330                             #N/A                             Arm                                Interest Only                                         $ 256,000.00                                $ 256,000.00                                   9/1/2005                              7.000
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493708                                 5071333                             #N/A                             Fixed                              Interest In Arrears                                    $ 64,000.00                                 $ 64,000.00                                   9/1/2005                             11.100
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493743                                 5072820                             #N/A                             Arm                                Interest Only                                         $ 369,000.00                                $ 369,000.00                                   9/1/2005                              6.550
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493744                                 5072923                             #N/A                             Arm                                Interest In Arrears                                   $ 116,000.00                                $ 116,000.00                                   9/1/2005                              6.150
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493745                                 5072924                             #N/A                             Fixed                              Interest In Arrears                                    $ 29,000.00                                 $ 29,000.00                                   9/1/2005                             10.050
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493721                                 5072013                             #N/A                             Fixed                              Interest In Arrears                                   $ 119,000.00                                $ 119,000.00                                   9/1/2005                              8.875
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493722                                 5072017                             #N/A                             Arm                                Interest Only                                         $ 347,000.00                                $ 347,000.00                                   9/1/2005                              5.500
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493723                                 5072021                             #N/A                             Arm                                Interest Only                                         $ 244,000.00                                $ 244,000.00                                   8/1/2005                              5.750
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493724                                 5072022                             #N/A                             Fixed                              Interest In Arrears                                    $ 61,000.00                                 $ 60,965.63                                   8/1/2005                              8.850
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493688                                 5051805                             #N/A                             Arm                                Interest Only                                         $ 455,250.00                                $ 455,250.00                                   8/1/2005                              7.475
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493737                                 5072619                             #N/A                             Arm                                Interest Only                                         $ 466,300.00                                $ 466,300.00                                   9/1/2005                              5.600
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493738                                 5072620                             #N/A                             Fixed                              Interest In Arrears                                   $ 116,550.00                                $ 116,550.00                                   9/1/2005                              9.050
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493709                                 5071407                             #N/A                             Arm                                Interest Only                                         $ 274,000.00                                $ 274,000.00                                   9/1/2005                              5.750
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493710                                 5071502                             #N/A                             Fixed                              Interest In Arrears                                    $ 60,750.00                                 $ 60,750.00                                   9/1/2005                             10.675
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493711                                 5071504                             #N/A                             Arm                                Interest Only                                         $ 264,000.00                                $ 264,000.00                                   8/1/2005                              5.750
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493712                                 5071819                             #N/A                             Arm                                Interest Only                                         $ 368,000.00                                $ 368,000.00                                   8/1/2005                              6.550
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493713                                 5071820                             #N/A                             Fixed                              Interest In Arrears                                    $ 92,000.00                                 $ 91,959.21                                   8/1/2005                              9.990
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493714                                 5071821                             #N/A                             Arm                                Interest In Arrears                                   $ 144,000.00                                $ 144,000.00                                   9/1/2005                              8.100
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493715                                 5071823                             #N/A                             Arm                                Interest Only                                         $ 235,000.00                                $ 235,000.00                                   9/1/2005                              5.600
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493692                                 5062411                             #N/A                             Arm                                Interest Only                                         $ 128,250.00                                $ 128,250.00                                   9/1/2005                              6.750
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493741                                 5072812                             #N/A                             Arm                                Interest Only                                         $ 180,000.00                                $ 180,000.00                                   9/1/2005                              6.650
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493742                                 5072813                             #N/A                             Fixed                              Interest In Arrears                                    $ 45,000.00                                 $ 45,000.00                                   9/1/2005                             10.400
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493695                                 5070502                             #N/A                             Arm                                Interest In Arrears                                   $ 153,000.00                                $ 153,000.00                                   9/1/2005                              7.575
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493701                                 5071101                             #N/A                             Arm                                Interest In Arrears                                   $ 136,700.00                                $ 136,700.00                                   9/1/2005                              8.325
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493699                                 5070725                             #N/A                             Arm                                Interest Only                                         $ 364,000.00                                $ 364,000.00                                   9/1/2005                              6.250
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493700                                 5070726                             #N/A                             Fixed                              Interest In Arrears                                    $ 91,000.00                                 $ 90,951.32                                   8/1/2005                              9.100
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493725                                 5072103                             #N/A                             Arm                                Interest In Arrears                                    $ 81,000.00                                 $ 81,000.00                                   9/1/2005                              6.450
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493726                                 5072104                             #N/A                             Fixed                              Interest In Arrears                                    $ 25,000.00                                 $ 25,000.00                                   9/1/2005                             12.050
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493727                                 5072106                             #N/A                             Arm                                Interest Only                                         $ 308,750.00                                $ 308,750.00                                   9/1/2005                              6.900
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493705                                 5071224                             #N/A                             Arm                                Interest In Arrears                                   $ 129,200.00                                $ 129,200.00                                   9/1/2005                              7.550
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493686                                25071500                             #N/A                             Arm                                Interest Only                                         $ 245,000.00                                $ 245,000.00                                   9/1/2005                              7.850
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493719                                 5071916                             #N/A                             Arm                                Interest In Arrears                                   $ 107,350.00                                $ 107,350.00                                   9/1/2005                              8.775
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493720                                 5072012                             #N/A                             Arm                                Interest Only                                         $ 476,000.00                                $ 476,000.00                                   9/1/2005                              5.625
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493731                                 5072202                             #N/A                             Arm                                Interest Only                                         $ 240,000.00                                $ 240,000.00                                   9/1/2005                              7.825
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493732                                 5072505                             #N/A                             Arm                                Interest In Arrears                                   $ 250,000.00                                $ 250,000.00                                   9/1/2005                              7.500
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493733                                 5072522                             #N/A                             Arm                                Interest In Arrears                                   $ 187,500.00                                $ 187,500.00                                   9/1/2005                              8.450
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493734                                 5072600                             #N/A                             Arm                                Interest Only                                         $ 335,960.00                                $ 335,960.00                                   9/1/2005                              6.700
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493735                                 5072602                             #N/A                             Fixed                              Interest In Arrears                                    $ 83,990.00                                 $ 83,990.00                                   9/1/2005                             10.450
Xxxxx Xxxxxx                          Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333493736                                 5072612                             #N/A                             Arm                                Interest Only                                         $ 555,750.00                                $ 555,750.00                                   9/1/2005                              6.650
NatCity                               Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333408269                                 3326989                                    20209680                  Arm                                Interest In Arrears                                   $ 273,753.00                                $ 272,035.51                                   9/1/2005                              7.625
NatCity                               Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333408271                                 3377602                                    20209698                  Arm                                Interest In Arrears                                   $ 207,000.00                                $ 206,016.34                                   8/1/2005                              7.250
NatCity                               Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333408274                                 3430605                                    20209722                  Arm                                Interest In Arrears                                   $ 234,000.00                                $ 233,017.74                                   8/1/2005                              7.875
NatCity                               Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333413939                                 3549845                                    20209748                  Arm                                Interest In Arrears                                   $ 286,988.00                                $ 285,228.89                                   8/1/2005                              6.750
NatCity                               Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333413940                                 3550433                                    20209755                  Fixed                              Interest In Arrears                                    $ 71,700.00                                 $ 71,447.14                                   8/1/2005                              9.500
NatCity                               Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333418148                                 3566957                                    20209763                  Arm                                Interest In Arrears                                   $ 329,950.00                                $ 327,632.10                                   8/1/2005                              6.750
NatCity                               Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333408276                                 3700906                                    20209789                  Arm                                Interest In Arrears                                    $ 83,250.00                                 $ 82,870.64                                   8/1/2005                              8.250
NatCity                               Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333418150                                 3714764                                    20209805                  Arm                                Interest In Arrears                                   $ 102,000.00                                $ 101,540.86                                   8/1/2005                              9.000
NatCity                               Xxxxx                            Xxxxx Xxxxx                             XXX0000                                  333408277                                 3728858                                    20209813                  Arm                                Interest In Arrears                                    $ 97,600.00                                 $ 97,068.18                                   8/1/2005                              7.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408278                                 3729331                                    20209821                  Arm                                Interest In Arrears                                   $ 118,000.00                                $ 117,452.91                                   8/1/2005                              7.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408279                                 3733069                                    20209839                  Fixed                              Interest In Arrears                                    $ 87,792.00                                 $ 87,520.75                                   7/1/2005                              9.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333418151                                 3735848                                    20209847                  Fixed                              Interest In Arrears                                    $ 63,945.00                                 $ 63,694.92                                   8/1/2005                              9.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333418153                                 3753169                                    20209854                  Arm                                Interest In Arrears                                   $ 173,400.00                                $ 172,504.43                                   8/1/2005                              7.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333413943                                 3759276                                    20209862                  Fixed                              Interest In Arrears                                    $ 73,000.00                                 $ 72,495.62                                   8/1/2005                              6.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408282                                 3762904                                    20209870                  Arm                                Interest In Arrears                                   $ 144,950.00                                $ 144,226.56                                   8/1/2005                              7.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333418154                                 3764970                                    20209888                  Arm                                Interest In Arrears                                   $ 220,000.00                                $ 218,378.44                                   8/1/2005                              6.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333418155                                 3765681                                    20209896                  Arm                                Interest In Arrears                                   $ 225,000.00                                $ 223,717.81                                   8/1/2005                              7.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333418156                                 3772850                                    20209912                  Fixed                              Interest In Arrears                                    $ 55,000.00                                 $ 54,748.68                                   8/1/2005                              9.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333413945                                 3780287                                    20209938                  Arm                                Interest In Arrears                                   $ 210,000.00                                $ 208,559.47                                   8/1/2005                              6.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333418157                                 3783084                                    20209946                  Fixed                              Interest In Arrears                                    $ 82,450.00                                 $ 82,116.38                                   8/1/2005                              9.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408284                                 3788968                                    20209953                  Fixed                              Interest In Arrears                                   $ 113,800.00                                $ 113,258.96                                   8/1/2005                              7.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408285                                 3789993                                    20209961                  Arm                                Interest In Arrears                                   $ 243,000.00                                $ 241,480.12                                   8/1/2005                              6.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408286                                 3793523                                    20209979                  Arm                                Interest In Arrears                                   $ 142,400.00                                $ 141,527.99                                   9/1/2005                              6.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408287                                 3798307                                    20209987                  Arm                                Interest In Arrears                                   $ 212,000.00                                $ 210,889.30                                   8/1/2005                              6.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408288                                 3799188                                    20209995                  Arm                                Interest In Arrears                                   $ 270,000.00                                $ 268,778.78                                   8/1/2005                              7.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408289                                 3801707                                    20210001                  Arm                                Interest In Arrears                                   $ 171,920.00                                $ 171,019.30                                   8/1/2005                              6.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408291                                 3806491                                    20210027                  Arm                                Interest In Arrears                                   $ 143,650.00                                $ 143,000.22                                   9/1/2005                              7.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333418158                                 3806779                                    20210035                  Arm                                Interest In Arrears                                   $ 118,000.00                                $ 117,514.22                                   7/1/2005                              8.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408292                                 3806781                                    20210043                  Arm                                Interest In Arrears                                   $ 102,500.00                                $ 102,069.74                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408295                                 3807067                                    20210050                  Arm                                Interest In Arrears                                   $ 218,700.00                                $ 217,781.99                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408296                                 3809095                                    20210068                  Arm                                Interest In Arrears                                   $ 256,000.00                                $ 254,690.94                                   8/1/2005                              6.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333418159                                 3811228                                    20210084                  Arm                                Interest In Arrears                                    $ 59,120.00                                 $ 58,730.48                                   8/1/2005                              6.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333418160                                 3812566                                    20210092                  Arm                                Interest In Arrears                                   $ 400,000.00                                $ 397,548.13                                   9/1/2005                              6.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333418161                                 3812600                                    20210100                  Fixed                              Interest In Arrears                                   $ 100,000.00                                 $ 99,526.57                                   8/1/2005                              9.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408298                                 3813150                                    20210118                  Arm                                Interest In Arrears                                   $ 216,800.00                                $ 215,929.79                                   8/1/2005                              8.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408300                                 3815528                                    20210126                  Arm                                Interest In Arrears                                    $ 68,000.00                                 $ 67,588.69                                   8/1/2005                              6.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408301                                 3815865                                    20210134                  Arm                                Interest In Arrears                                   $ 190,000.00                                  $ 3,508.80                                   7/1/2005                              8.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408302                                 3817656                                    20210142                  Fixed                              Interest In Arrears                                   $ 165,000.00                                $ 164,013.19                                   8/1/2005                              6.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408303                                 3817866                                    20210159                  Arm                                Interest In Arrears                                   $ 225,000.00                                $ 223,841.02                                   8/1/2005                              7.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408304                                 3822502                                    20210167                  Arm                                Interest In Arrears                                   $ 124,000.00                                $ 123,396.07                                   9/1/2005                              7.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408305                                 3825475                                    20210175                  Arm                                Interest In Arrears                                   $ 170,000.00                                $ 169,192.19                                   9/1/2005                              7.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408306                                 3825567                                    20210183                  Arm                                Interest In Arrears                                    $ 32,000.00                                 $ 31,816.20                                   8/1/2005                              8.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408307                                 3825609                                    20210191                  Fixed                              Interest In Arrears                                    $ 62,000.00                                 $ 61,470.39                                   8/1/2005                              7.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408308                                 3827734                                    20210217                  Arm                                Interest In Arrears                                   $ 290,000.00                                $ 288,750.64                                   7/1/2005                              7.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408309                                 3828862                                    20210225                  Arm                                Interest In Arrears                                   $ 184,500.00                                $ 183,725.52                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408310                                 3829485                                    20210233                  Arm                                Interest In Arrears                                   $ 140,000.00                                $ 139,248.56                                   8/1/2005                              6.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408311                                 3829693                                    20210241                  Arm                                Interest In Arrears                                   $ 115,000.00                                $ 114,426.08                                   6/1/2005                              7.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408312                                 3831287                                    20210266                  Arm                                Interest In Arrears                                    $ 60,000.00                                 $ 59,756.97                                   9/1/2005                              8.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408313                                 3834009                                    20210274                  Arm                                Interest In Arrears                                   $ 435,000.00                                $ 432,829.14                                   8/1/2005                              7.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408315                                 3834729                                    20210290                  Arm                                Interest In Arrears                                   $ 107,200.00                                $ 106,715.11                                   8/1/2005                              7.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408317                                 3836620                                    20210316                  Arm                                Interest In Arrears                                    $ 81,000.00                                 $ 80,575.60                                   8/1/2005                              6.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408319                                 3837524                                    20210332                  Arm                                Interest In Arrears                                   $ 111,960.00                                $ 111,490.03                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408320                                 3837681                                    20210340                  Arm                                Interest In Arrears                                   $ 160,200.00                                $ 159,218.01                                   8/1/2005                              6.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408321                                 3837865                                    20210357                  Arm                                Interest In Arrears                                   $ 150,000.00                                $ 149,229.38                                   8/1/2005                              6.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408322                                 3838059                                    20210365                  Arm                                Interest In Arrears                                   $ 242,155.00                                $ 240,864.81                                   8/1/2005                              7.999
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408323                                 3839438                                    20210373                  Fixed                              Interest In Arrears                                   $ 153,000.00                                $ 150,122.96                                   9/1/2005                              7.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408326                                 3841878                                    20210407                  Fixed                              Interest In Arrears                                   $ 246,000.00                                $ 244,045.41                                   8/1/2005                              7.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408327                                 3841998                                    20210415                  Arm                                Interest In Arrears                                   $ 144,000.00                                $ 143,208.27                                   8/1/2005                              6.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408328                                 3842167                                    20210423                  Arm                                Interest In Arrears                                   $ 124,000.00                                $ 123,410.76                                   7/1/2005                              7.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408329                                 3842171                                    20210431                  Arm                                Interest In Arrears                                   $ 256,500.00                                $ 255,156.13                                   8/1/2005                              6.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408331                                 3843427                                    20210449                  Arm                                Interest In Arrears                                    $ 64,600.00                                 $ 64,297.01                                   9/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408332                                 3844070                                    20210456                  Arm                                Interest In Arrears                                    $ 80,750.00                                 $ 80,427.74                                   9/1/2005                              8.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408333                                 3844072                                    20210464                  Arm                                Interest In Arrears                                   $ 318,250.00                                $ 316,880.29                                   8/1/2005                              7.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408334                                 3844326                                    20210472                  Arm                                Interest In Arrears                                   $ 157,500.00                                $ 156,750.26                                   8/1/2005                              7.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408335                                 3845028                                    20210480                  Arm                                Interest In Arrears                                    $ 99,450.00                                 $ 99,008.07                                   8/1/2005                              8.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408336                                 3845054                                    20210498                  Arm                                Interest In Arrears                                    $ 61,600.00                                 $ 61,212.57                                   8/1/2005                              8.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408337                                 3845261                                    20210506                  Fixed                              Interest In Arrears                                    $ 55,000.00                                 $ 54,760.14                                   9/1/2005                              8.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408338                                 3845756                                    20210514                  Arm                                Interest In Arrears                                   $ 279,019.00                                $ 277,521.43                                   7/1/2005                              6.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408339                                 3845757                                    20210522                  Fixed                              Interest In Arrears                                    $ 69,754.00                                 $ 69,543.52                                   7/1/2005                              9.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408341                                 3846345                                    20210548                  Arm                                Interest In Arrears                                   $ 198,000.00                                $ 196,977.47                                   8/1/2005                              7.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408342                                 3846396                                    20210555                  Arm                                Interest In Arrears                                    $ 73,000.00                                 $ 72,677.90                                   8/1/2005                              7.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408343                                 3846435                                    20210563                  Arm                                Interest In Arrears                                   $ 207,000.00                                $ 206,016.35                                   9/1/2005                              7.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408344                                 3846545                                    20210571                  Arm                                Interest In Arrears                                   $ 153,750.00                                $ 152,982.43                                   8/1/2005                              7.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408345                                 3846569                                    20210589                  Arm                                Interest In Arrears                                   $ 155,000.00                                $ 153,779.99                                   8/1/2005                              6.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408346                                 3846792                                    20210597                  Fixed                              Interest In Arrears                                    $ 50,250.00                                 $ 50,073.33                                   8/1/2005                              8.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408348                                 3847939                                    20210605                  Fixed                              Interest In Arrears                                   $ 132,000.00                                $ 131,067.56                                   9/1/2005                              7.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408350                                 3848331                                    20210621                  Arm                                Interest In Arrears                                   $ 139,950.00                                $ 139,377.06                                   8/1/2005                              8.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408351                                 3849234                                    20210639                  Arm                                Interest In Arrears                                   $ 382,500.00                                $ 380,853.81                                   8/1/2005                              7.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408352                                 3849494                                    20210647                  Arm                                Interest In Arrears                                    $ 75,000.00                                 $ 74,625.70                                   8/1/2005                              7.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408353                                 3850179                                    20210654                  Fixed                              Interest In Arrears                                    $ 97,000.00                                 $ 95,092.06                                   8/1/2005                              7.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408356                                 3850957                                    20210670                  Arm                                Interest In Arrears                                   $ 125,800.00                                $ 125,310.31                                   8/1/2005                              8.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408358                                 3851294                                    20210688                  Arm                                Interest In Arrears                                   $ 272,000.00                                $ 270,811.81                                   8/1/2005                              8.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408361                                 3851924                                    20210704                  Arm                                Interest In Arrears                                   $ 271,700.00                                $ 270,315.75                                   7/1/2005                              7.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408363                                 3852068                                    20210720                  Arm                                Interest In Arrears                                   $ 245,000.00                                $ 243,971.55                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408365                                 3852491                                    20210746                  Arm                                Interest In Arrears                                   $ 105,600.00                                $ 104,809.18                                   8/1/2005                              6.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408366                                 3853091                                    20210753                  Arm                                Interest In Arrears                                    $ 90,000.00                                 $ 89,633.69                                   8/1/2005                              8.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408367                                 3853339                                    20210761                  Arm                                Interest In Arrears                                   $ 176,000.00                                $ 175,100.00                                   8/1/2005                              6.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408368                                 3854088                                    20210779                  Arm                                Interest In Arrears                                   $ 168,000.00                                $ 167,124.57                                   8/1/2005                              7.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408369                                 3854334                                    20210787                  Arm                                Interest In Arrears                                    $ 91,920.00                                 $ 91,391.89                                   8/1/2005                              6.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408370                                 3854598                                    20210795                  Arm                                Interest In Arrears                                   $ 162,000.00                                $ 161,319.97                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408371                                 3854688                                    20210803                  Arm                                Interest In Arrears                                   $ 162,900.00                                $ 162,216.22                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408372                                 3854775                                    20210811                  Arm                                Interest In Arrears                                    $ 94,000.00                                 $ 93,574.78                                   7/1/2005                              7.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408373                                 3854920                                    20210829                  Arm                                Interest In Arrears                                   $ 109,250.00                                $ 108,824.75                                   9/1/2005                              8.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408376                                 3856363                                    20210852                  Fixed                              Interest In Arrears                                   $ 300,000.00                                $ 299,048.65                                   8/1/2005                              9.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408379                                 3856753                                    20210886                  Arm                                Interest In Arrears                                   $ 182,750.00                                $ 181,837.94                                   8/1/2005                              7.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408380                                 3856994                                    20210894                  Arm                                Interest In Arrears                                   $ 178,000.00                                $ 177,133.15                                   8/1/2005                              7.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408381                                 3856999                                    20210902                  Arm                                Interest In Arrears                                   $ 107,500.00                                $ 106,963.46                                   8/1/2005                              7.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408383                                 3858263                                    20210928                  Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,291.16                                   9/1/2005                              6.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408384                                 3859703                                    20210936                  Fixed                              Interest In Arrears                                    $ 54,000.00                                 $ 53,864.83                                   7/1/2005                             10.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408387                                 3860430                                    20210944                  Arm                                Interest In Arrears                                   $ 234,000.00                                $ 232,888.03                                   8/1/2005                              7.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408388                                 3860454                                    20210951                  Fixed                              Interest In Arrears                                   $ 142,000.00                                $ 141,403.95                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408389                                 3860570                                    20210969                  Arm                                Interest In Arrears                                   $ 203,400.00                                $ 202,654.26                                   8/1/2005                              8.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408390                                 3861028                                    20210977                  Arm                                Interest In Arrears                                   $ 120,000.00                                $ 119,628.49                                   8/1/2005                              9.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408391                                 3861066                                    20210985                  Arm                                Interest In Arrears                                   $ 189,000.00                                $ 188,226.28                                   7/1/2005                              8.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408394                                 3862352                                    20211009                  Arm                                Interest In Arrears                                   $ 195,700.00                                $ 194,723.36                                   8/1/2005                              7.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408397                                 3863698                                    20211033                  Arm                                Interest In Arrears                                   $ 181,932.00                                $ 180,702.72                                   7/1/2005                              6.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408399                                 3864560                                    20211058                  Arm                                Interest In Arrears                                   $ 400,000.00                                $ 397,904.32                                   8/1/2005                              6.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408401                                 3865713                                    20211074                  Arm                                Interest In Arrears                                   $ 300,000.00                                $ 298,098.02                                   8/1/2005                              5.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408403                                 3865919                                    20211090                  Arm                                Interest In Arrears                                   $ 124,000.00                                $ 123,492.39                                   8/1/2005                              8.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408404                                 3866848                                    20211108                  Fixed                              Interest In Arrears                                   $ 112,800.00                                $ 112,393.14                                   8/1/2005                              8.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408406                                 3867330                                    20211124                  Arm                                Interest In Arrears                                   $ 235,050.00                                $ 233,848.03                                   9/1/2005                              6.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408409                                 3868290                                    20211157                  Arm                                Interest In Arrears                                    $ 65,600.00                                 $ 65,272.47                                   9/1/2005                              7.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408410                                 3868299                                    20211165                  Fixed                              Interest In Arrears                                    $ 16,400.00                                 $ 15,942.56                                   9/1/2005                              9.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408412                                 3868348                                    20211181                  Arm                                Interest In Arrears                                   $ 111,600.00                                $ 111,107.60                                   8/1/2005                              7.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408413                                 3868841                                    20211199                  Arm                                Interest In Arrears                                   $ 127,500.00                                $ 126,964.77                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408414                                 3869261                                    20211207                  Arm                                Interest In Arrears                                   $ 132,750.00                                $ 132,258.80                                   9/1/2005                              8.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408415                                 3869322                                    20211215                  Arm                                Interest In Arrears                                   $ 150,000.00                                $ 149,251.40                                   8/1/2005                              7.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408416                                 3869340                                    20211223                  Arm                                Interest In Arrears                                    $ 77,000.00                                 $ 76,643.02                                   8/1/2005                              7.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408417                                 3869397                                    20211231                  Arm                                Interest In Arrears                                   $ 220,000.00                                $ 218,874.99                                   8/1/2005                              6.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408418                                 3870559                                    20211249                  Arm                                Interest In Arrears                                   $ 107,700.00                                $ 107,084.78                                   8/1/2005                              7.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408421                                 3871645                                    20211264                  Arm                                Interest In Arrears                                   $ 403,000.00                                $ 399,148.23                                   9/1/2005                              5.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408422                                 3871986                                    20211272                  Fixed                              Interest In Arrears                                   $ 136,000.00                                $ 135,429.12                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408424                                 3873557                                    20211280                  Arm                                Interest In Arrears                                   $ 216,000.00                                $ 214,876.94                                   7/1/2005                              7.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408426                                 3873932                                    20211306                  Arm                                Interest In Arrears                                   $ 400,000.00                                $ 398,190.78                                   7/1/2005                              7.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408427                                 3873968                                    20211314                  Arm                                Interest In Arrears                                   $ 194,000.00                                $ 193,094.70                                   8/1/2005                              7.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408429                                 3874763                                    20211330                  Arm                                Interest In Arrears                                   $ 132,300.00                                $ 131,623.47                                   8/1/2005                              6.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408430                                 3875017                                    20211348                  Arm                                Interest In Arrears                                   $ 165,600.00                                $ 164,904.86                                   7/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408434                                 3875328                                    20211389                  Fixed                              Interest In Arrears                                    $ 33,000.00                                 $ 32,489.90                                   8/1/2005                              9.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408435                                 3875489                                    20211397                  Fixed                              Interest In Arrears                                   $ 200,000.00                                $ 198,900.35                                   8/1/2005                              6.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408438                                 3877764                                    20211413                  Fixed                              Interest In Arrears                                   $ 145,000.00                                $ 144,383.86                                   8/1/2005                              8.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408440                                 3878056                                    20211421                  Arm                                Interest In Arrears                                   $ 145,000.00                                $ 144,343.21                                   8/1/2005                              7.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408441                                 3878115                                    20211439                  Arm                                Interest In Arrears                                   $ 240,000.00                                $ 238,568.63                                   8/1/2005                              6.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408443                                 3878993                                    20211447                  Fixed                              Interest In Arrears                                   $ 101,200.00                                $ 100,737.99                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408445                                 3880865                                    20211462                  Fixed                              Interest In Arrears                                   $ 174,250.00                                $ 173,381.16                                   8/1/2005                              7.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408446                                 3880956                                    20211470                  Fixed                              Interest In Arrears                                   $ 290,000.00                                $ 288,720.40                                   8/1/2005                              7.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408447                                 3880978                                    20211488                  Fixed                              Interest In Arrears                                    $ 71,950.00                                 $ 71,599.54                                   8/1/2005                              7.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408448                                 3881238                                    20211496                  Arm                                Interest In Arrears                                   $ 112,000.00                                $ 111,493.36                                   7/1/2005                              7.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408449                                 3881285                                    20211504                  Arm                                Interest In Arrears                                   $ 207,200.00                                $ 206,139.49                                   8/1/2005                              6.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408451                                 3881734                                    20211520                  Arm                                Interest In Arrears                                    $ 64,000.00                                 $ 63,750.84                                   8/1/2005                              8.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408452                                 3881735                                    20211538                  Arm                                Interest In Arrears                                   $ 135,200.00                                $ 134,474.30                                   8/1/2005                              6.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408453                                 3881736                                    20211546                  Fixed                              Interest In Arrears                                    $ 33,800.00                                 $ 33,698.24                                   8/1/2005                              9.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408454                                 3882546                                    20211553                  Arm                                Interest In Arrears                                   $ 118,000.00                                $ 117,504.66                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408456                                 3883492                                    20211561                  Arm                                Interest In Arrears                                    $ 63,000.00                                 $ 62,678.60                                   8/1/2005                              7.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408457                                 3883716                                    20211579                  Arm                                Interest In Arrears                                   $ 165,200.00                                $ 164,600.56                                   8/1/2005                              8.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408458                                 3887492                                    20211587                  Arm                                Interest In Arrears                                   $ 109,500.00                                $ 109,004.73                                   8/1/2005                              7.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408460                                 3888016                                    20211603                  Fixed                              Interest In Arrears                                   $ 172,000.00                                $ 171,098.88                                   9/1/2005                              6.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408461                                 3888140                                    20211611                  Arm                                Interest In Arrears                                   $ 220,000.00                                $ 218,790.43                                   7/1/2005                              6.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408464                                 3888561                                    20211645                  Fixed                              Interest In Arrears                                    $ 70,000.00                                 $ 69,691.12                                   8/1/2005                              7.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408466                                 3890094                                    20211660                  Arm                                Interest In Arrears                                   $ 230,000.00                                $ 228,879.80                                   8/1/2005                              7.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408469                                 3891363                                    20211678                  Fixed                              Interest In Arrears                                    $ 78,400.00                                 $ 78,062.57                                   8/1/2005                              7.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408472                                 3892201                                    20211694                  Arm                                Interest In Arrears                                   $ 100,000.00                                 $ 99,536.36                                   8/1/2005                              7.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408473                                 3892241                                    20211702                  Fixed                              Interest In Arrears                                    $ 25,000.00                                 $ 24,613.57                                   7/1/2005                              9.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408475                                 3892818                                    20211710                  Arm                                Interest In Arrears                                   $ 311,900.00                                $ 310,265.92                                   8/1/2005                              6.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408477                                 3893137                                    20211736                  Arm                                Interest In Arrears                                   $ 180,000.00                                $ 179,114.88                                   8/1/2005                              7.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408478                                 3893145                                    20211744                  Arm                                Interest In Arrears                                   $ 281,600.00                                $ 280,159.92                                   8/1/2005                              6.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408479                                 3893167                                    20211751                  Arm                                Interest In Arrears                                   $ 260,000.00                                $ 258,974.20                                   8/1/2005                              8.375
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408480                                 3893176                                    20211769                  Arm                                Interest In Arrears                                    $ 54,400.00                                 $ 53,951.51                                   9/1/2005                              8.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408482                                 3893904                                    20211777                  Arm                                Interest In Arrears                                   $ 176,800.00                                $ 176,076.24                                   9/1/2005                              8.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408483                                 3897235                                    20211785                  Fixed                              Interest In Arrears                                   $ 172,000.00                                $ 171,007.92                                   8/1/2005                              6.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408485                                 3899202                                    20211801                  Fixed                              Interest In Arrears                                   $ 103,200.00                                $ 102,837.16                                   8/1/2005                              8.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408486                                 3899422                                    20211819                  Arm                                Interest In Arrears                                   $ 180,500.00                                $ 179,761.07                                   8/1/2005                              8.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408487                                 3900223                                    20211827                  Arm                                Interest In Arrears                                   $ 111,096.00                                $ 110,455.21                                   8/1/2005                              6.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408488                                 3901389                                    20211835                  Fixed                              Interest In Arrears                                    $ 97,750.00                                 $ 97,250.16                                   9/1/2005                              6.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408489                                 3902784                                    20211843                  Arm                                Interest In Arrears                                   $ 149,600.00                                $ 148,747.79                                   8/1/2005                              6.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408492                                 3903348                                    20211876                  Arm                                Interest In Arrears                                    $ 52,000.00                                 $ 51,736.86                                   8/1/2005                              7.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408493                                 3904199                                    20211884                  Arm                                Interest In Arrears                                   $ 341,600.00                                $ 339,895.23                                   8/1/2005                              7.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408494                                 3904361                                    20211892                  Arm                                Interest In Arrears                                   $ 125,000.00                                $ 124,385.74                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408497                                 3906232                                    20211926                  Arm                                Interest In Arrears                                   $ 330,650.00                                $ 328,875.29                                   8/1/2005                              6.625
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408499                                 3908963                                    20211942                  Arm                                Interest In Arrears                                   $ 103,200.00                                $ 102,755.85                                   8/1/2005                              7.750
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408501                                 3910503                                    20211967                  Arm                                Interest In Arrears                                   $ 216,000.00                                $ 215,093.33                                   8/1/2005                              7.875
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408503                                 3911053                                    20211983                  Arm                                Interest In Arrears                                   $ 265,000.00                                $ 263,915.19                                   8/1/2005                              8.000
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408504                                 3912367                                    20211991                  Arm                                Interest In Arrears                                   $ 240,000.00                                $ 238,831.18                                   7/1/2005                              7.125
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408506                                 3913666                                    20212015                  Arm                                Interest In Arrears                                   $ 112,500.00                                $ 112,143.25                                   8/1/2005                              9.250
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408507                                 3916934                                    20212023                  Fixed                              Interest In Arrears                                    $ 60,000.00                                 $ 59,819.34                                   7/1/2005                              9.500
NatCity                               Chase                            Wells Fargo                             NCM0408                                  333408510                                 9339852                                    20212049                  Arm                                Interest In Arrears                                   $ 206,400.00                                $ 205,555.03                                   8/1/2005                              8.000
                                                                                                                                                                                                                                                                                                                                                                                                        $ 540,174,858.25                                                                         7.215



Originator                                       Service Fee                           Trustee Fee                          Credit Risk Fee                      Net Rate                                Original Payment                            Current PI                         Note Date                         First Pay Date                          Maturity Date                       As of Date                         Loan Age                           Original Term                         Remaining Term (Stated)
New Century                                          0.500                                0.024                                   0.015                            6.411                                     $ 1,085.60                              $ 1,085.60                          06/03/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            4.961                                     $ 1,308.76                              $ 1,308.76                          06/06/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            6.461                                     $ 1,484.46                              $ 1,484.46                          06/17/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            7.211                                     $ 2,488.82                              $ 2,488.82                          06/16/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            7.261                                     $ 1,742.09                              $ 1,742.09                          06/02/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            8.551                                     $ 1,135.55                              $ 1,135.55                          06/08/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            6.486                                       $ 869.75                                $ 869.75                          06/06/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            9.086                                     $ 2,369.78                              $ 2,369.78                          06/03/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            6.161                                       $ 567.85                                $ 567.85                          06/04/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            6.111                                       $ 527.63                                $ 527.63                          06/08/05                               08/01/05                            07/01/20                           09/01/05                              2                                    180                                    178
New Century                                          0.500                                0.024                                   0.015                            8.686                                       $ 942.36                                $ 942.36                          06/09/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            7.161                                     $ 1,140.74                              $ 1,140.74                          06/10/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            8.411                                       $ 480.62                                $ 480.62                          06/08/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            7.461                                     $ 1,496.88                              $ 1,496.88                          06/09/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            5.451                                       $ 622.87                                $ 622.87                          06/13/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            7.011                                       $ 680.86                                $ 680.86                          06/13/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            5.761                                       $ 959.41                                $ 959.41                          06/09/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            8.361                                     $ 1,594.88                              $ 1,594.88                          06/10/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            5.311                                       $ 920.31                                $ 920.31                          06/10/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            8.361                                       $ 724.88                                $ 724.88                          06/02/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            7.011                                       $ 653.46                                $ 653.46                          05/25/05                               07/01/05                            06/01/35                           09/01/05                              3                                    360                                    357
New Century                                          0.500                                0.024                                   0.015                            7.061                                       $ 471.31                                $ 471.31                          06/10/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            7.661                                     $ 1,682.45                              $ 1,682.45                          05/26/05                               07/01/05                            06/01/35                           09/01/05                              3                                    360                                    357
New Century                                          0.500                                0.024                                   0.015                            5.761                                     $ 1,386.00                              $ 1,386.00                          06/08/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            7.861                                       $ 747.37                                $ 747.37                          06/13/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            6.451                                     $ 1,555.24                              $ 1,555.24                          06/07/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            6.061                                       $ 957.99                                $ 957.99                          05/26/05                               07/01/05                            06/01/35                           09/01/05                              3                                    360                                    357
New Century                                          0.500                                0.024                                   0.015                            5.451                                     $ 1,976.40                              $ 1,976.40                          06/07/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            6.461                                     $ 1,569.05                              $ 1,569.05                          05/25/05                               07/01/05                            06/01/35                           09/01/05                              3                                    360                                    357
New Century                                          0.500                                0.024                                   0.015                            8.411                                     $ 2,008.98                              $ 2,008.98                          06/02/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            6.311                                       $ 623.81                                $ 623.81                          06/06/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            8.211                                       $ 906.28                                $ 906.28                          05/25/05                               07/01/05                            06/01/35                           09/01/05                              3                                    360                                    357
New Century                                          0.500                                0.024                                   0.015                            6.111                                     $ 2,285.40                              $ 2,285.40                          06/07/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            5.311                                       $ 802.32                                $ 802.32                          05/27/05                               07/01/05                            06/01/35                           09/01/05                              3                                    360                                    357
New Century                                          0.500                                0.024                                   0.015                            5.861                                       $ 349.53                                $ 349.53                          06/13/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            5.611                                     $ 1,643.40                              $ 1,643.40                          06/04/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            6.111                                       $ 837.77                                $ 837.77                          06/09/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            5.686                                       $ 479.40                                $ 479.40                          06/03/05                               08/01/05                            07/01/20                           09/01/05                              2                                    180                                    178
New Century                                          0.500                                0.024                                   0.015                            6.786                                       $ 604.80                                $ 604.80                          06/11/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            5.561                                     $ 1,516.65                              $ 1,516.65                          05/23/05                               07/01/05                            06/01/25                           09/01/05                              3                                    240                                    237
New Century                                          0.500                                0.024                                   0.015                            8.761                                       $ 669.31                                $ 669.31                          06/09/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            7.961                                       $ 645.89                                $ 645.89                          04/15/05                               06/01/05                            05/01/35                           09/01/05                              4                                    360                                    356
New Century                                          0.500                                0.024                                   0.015                            7.161                                       $ 693.00                                $ 693.00                          04/20/05                               06/01/05                            05/01/35                           09/01/05                              4                                    360                                    356
New Century                                          0.500                                0.024                                   0.015                            7.961                                       $ 581.30                                $ 581.30                          04/25/05                               06/01/05                            05/01/35                           09/01/05                              4                                    360                                    356
New Century                                          0.500                                0.024                                   0.015                            6.011                                       $ 886.33                                $ 886.33                          04/15/05                               06/01/05                            05/01/35                           09/01/05                              4                                    360                                    356
New Century                                          0.500                                0.024                                   0.015                            7.211                                     $ 1,013.87                              $ 1,013.87                          04/12/05                               06/01/05                            05/01/25                           09/01/05                              4                                    240                                    236
New Century                                          0.500                                0.024                                   0.015                            6.561                                     $ 1,964.34                              $ 1,964.34                          04/07/05                               06/01/05                            05/01/35                           09/01/05                              4                                    360                                    356
New Century                                          0.500                                0.024                                   0.015                            7.951                                     $ 1,920.52                              $ 1,920.52                          05/24/05                               07/01/05                            06/01/35                           09/01/05                              3                                    360                                    357
New Century                                          0.500                                0.024                                   0.015                            6.361                                       $ 494.61                                $ 494.61                          05/26/05                               07/01/05                            06/01/35                           09/01/05                              3                                    360                                    357
New Century                                          0.500                                0.024                                   0.015                            6.961                                     $ 2,196.24                              $ 2,196.24                          06/15/05                               08/01/05                            07/01/35                           09/01/05                              2                                    360                                    358
New Century                                          0.500                                0.024                                   0.015                            8.161                                     $ 1,527.11                              $ 1,527.11                          05/03/05                               07/01/05                            06/01/35                           09/01/05                              3
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Filed: October 19th, 2005
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