Exhibit 99.35
GE CAPITAL MORTGAGE SERVICES, INC.
SERVICER'S CERTIFICATE
February 1998
REMIC Multi-Class Pass-Through Certificates
Series 1998-01
Pursuant to the Pooling and Servicing Agreement dated as of January 1, 1998
(the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company") and
State Street Bank and Trust Company (the "Trustee"), governing the Certificates
referred to above, the Company hereby certifies to the Trustee:
With respect to the Agreement and as of the Determination Date for this
month:
A. Mortgage Loan Information:
1. Aggregate Scheduled Monthly Payments:
(a) Principal ...............................$ 620,209.55
(b) Interest ................................$ 1,219,273.93
(c) Total ...................................$ 1,839,483.48
2. Aggregate Monthly Payments Received and Monthly Advances made this
month:
(a) Principal ...............................$ 620,209.55
(b) Interest ................................$ 1,171,683.43
(c) Total ...................................$ 1,791,892.98
3. Aggregate Principal Prepayments in part received and applied in prior
month: ........................................$ 81,685.49
4. Aggregate Principal Prepayments in full received in prior month:
(a) Principal ...............................$ 3,551,863.00
(b) Interest ................................$ 20,129.05
(c) Total ...................................$ 3,571,992.05
5. Aggregate Insurance Proceeds for prior month:
(a) Principal ...............................$ 0.00
(b) Interest ................................$ 0.00
(c) Total ...................................$ 0.00
6. Aggregate Liquidation Proceeds for prior month:
(a) Principal ...............................$ 0.00
(b) Interest ................................$ 0.00
(c) Total ...................................$ 0.00
7. Aggregate Purchase Prices for Defaulted and Modified Mortgage Loans:
(a) Principal ...............................$ 0.00
(b) Interest ................................$ 0.00
(c) Total ...................................$ 0.00
8. Aggregate Purchase Prices ( and substitution adjustments) for
Defective Mortgage Loans:
(a) Principal ...............................$ 0.00
(b) Interest ................................$ 0.00
(c) Total ...................................$ 0.00
9. Pool Scheduled Principal Balance: ............$ 195,937,691.74
10. Available Funds: .............................$ 5,378,953.10
11. Realized Losses for prior month: ..............$ 0.00
12. Aggregate Realized Losses:
(a) Deficient Valuations: .....................$ 0.00
(b) Special Hazard Losses: ....................$ 0.00
(c) Fraud Losses: .............................$ 0.00
(d) Excess Bankruptcy Losses: .................$ 0.00
(e) Excess Special Hazard Losses: .............$ 0.00
(f) Excess Fraud Losses: ......................$ 0.00
(g) Debt Service Reductions: ..................$ 0.00
13. Compensating Interest Payment: ................$ 4,036.83
14. Accrued Certificate Interest, Unpaid Class Interest Shortfalls and
Pay-out Rate:
Class 01-A1.....$ 352,518.75 $ 0.00 6.75000000%
Class 01-A2.....$ 597,870.79 $ 0.00 6.75000000%
Class 01-A3.....$ 149,467.84 $ 0.00 6.75000000%
Class 01-PO.....$ 0.00 $ 0.00 0.00000000%
Class 01-M......$ 8,445.57 $ 0.00 6.74999900%
Class 01-B1.....$ 5,630.37 $ 0.00 6.74999800%
Class 01-B2.....$ 2,815.17 $ 0.00 6.74999600%
Class 01-B3.....$ 4,504.30 $ 0.00 6.74999500%
Class 01-B4.....$ 1,689.07 $ 0.00 6.74986800%
Class 01-B5.....$ 2,252.64 $ 0.00 6.74989100%
Class 01-R......$ 0.56 $ 0.00 6.72000000%
15. Principal distributable:
Class 01-A1.....$ 1,358,732.04
Class 01-A2.....$ 2,798,095.17
Class 01-A3.....$ 82,314.58
Class 01-PO.....$ 562.60
Class 01-M......$ 4,651.13
Class 01-B1.....$ 3,100.75
Class 01-B2.....$ 1,550.37
Class 01-B3.....$ 2,480.60
Class 01-B4.....$ 930.22
Class 01-B5.....$ 1,240.56
Class 01-R......$ 100.00
16. Additional distributions to the Class 01-R Certificate pursuant to
Section 4.01(b): ............................$ 0.00
17. Distributions Allocable to Unanticipated Recoveries:
Class 01-A1.....$ 0.00
Class 01-A2.....$ 0.00
Class 01-A3.....$ 0.00
Class 01-PO.....$ 0.00
Class 01-M......$ 0.00
Class 01-B1.....$ 0.00
Class 01-B2.....$ 0.00
Class 01-B3.....$ 0.00
Class 01-B4.....$ 0.00
Class 01-B5.....$ 0.00
Class 01-R......$ 0.00
B. Other Amounts:
1. Senior Percentage for such Distribution Date: .......... 97.748195%
2. Senior Prepayment Percentage for such Distribution Date: 100.000000%
3. Junior Percentage for such Distribution Date: ......... 2.251805%
4. Junior Prepayment Percentage for such Distribution Date: 0.000000%
5. Class A3 Percentage for such Distribution Date: ...... 13.283726%
6. Class A3 Prepayment Percentage for such Distribution Date: 0.000000%
7. Subordinate Certificate Writedown Amount for such
Distribution Date: ..................................... $ 0.00
8. Prepayment Distribution Triggers satisfied:
YES NO
--- --
Class 12-B1....... X
Class 12-B2....... X
Class 12-B3....... X
Class 12-B4....... X
Class 12-B5....... X
9. Base Servicing Fee:..................................... $ 29,089.30
10. Supplemental Servicing Fee:............................. $ 66,617.42
Capitalized terms used in this Certificate shall have the same meanings as
in the Agreement.
GE CAPITAL MORTGAGE SERVICES, INC.
By: /s/ Xxxxx Xxxxxxx
-------------------------------
Name: Xxxxx Xxxxxxx
Title: Vice-President,
Investor Operations
