SUBSEQUENT TRANSFER INSTRUMENT NUMBER TWO
Pursuant to this Subsequent Transfer Instrument (the "Instrument"), dated
January 22, 1997, between Superior Bank FSB, as seller (the "Depositor"), and
LaSalle National Bank, as Trustee of the AFC Mortgage Loan Asset Backed
Certificates, Series 1996-4, as purchaser (the "Trustee"), and pursuant to the
Pooling and Servicing Agreement, dated as of December 1, 1996, among Superior
Bank FSB, as Depositor, Xxx Xxxxxxxxx Company, a Division of Superior Bank FSB,
as Servicer, and LaSalle National Bank, as Trustee (the "Pooling and Servicing
Agreement"), the Depositor and the Trustee agree to the sale by the Depositor
and the purchase by the Trustee, on behalf of the Trust Fund, of the Mortgage
Loans listed on the attached Schedule of Mortgage Loans (the "Subsequent
Mortgage Loans").
Capitalized terms used and not defined herein have their respective
meanings as set forth in the Pooling and Servicing Agreement.
Section 1. CONVEYANCE OF SUBSEQUENT MORTGAGE LOANS.
(a) The Depositor does hereby sell, transfer, assign, set over and convey
to the Trustee, on behalf of the Trust Fund, without recourse, all of its right,
title and interest in and to the Subsequent Mortgage Loans, excepting the
Depositor's Yield, and including all amounts due on the Subsequent Mortgage
Loans after the related Subsequent Cut-Off Date, and all items with respect to
the Subsequent Mortgage Loans to be delivered pursuant to Section 2.04 of the
Pooling and Servicing Agreement; provided, however that the Depositor reserves
and retains all right, title and interest in and to amounts (including
Prepayments, Curtailments and Excess Payments) due on the Subsequent Mortgage
Loans on or prior to the related Subsequent Cut-off Date. The Depositor,
contemporaneously with the delivery of this Agreement, has delivered or caused
to be delivered to the Trustee or, if a Custodian has been appointed pursuant to
Section 12.12 of the Pooling and Servicing Agreement, to the Custodian each item
set forth in Section 2.04 of the Pooling and Servicing Agreement. The transfer
to the Trustee by the Depositor of the Subsequent Mortgage Loans identified on
the Mortgage Loan Schedule shall be absolute and is intended by the Depositor,
the Servicer, the Trustee and the Certificateholders to constitute and to be
treated as a sale by the Depositor to the Trust Fund.
(b) The expenses and costs relating to the delivery of the Subsequent
Mortgage Loans, this Instrument and the Pooling and Servicing Agreement shall be
borne by the Depositor.
(c) Additional terms of the sale are set forth on Attachment A hereto.
1
Section 2. REPRESENTATIONS AND WARRANTIES; CONDITIONS PRECEDENT.
(a) The Depositor hereby affirms the representations and warranties set
forth in Section 3.02 of the Pooling and Servicing Agreement that relate to the
Subsequent Mortgage Loans as of the date hereof. The Depositor hereby confirms
that each of the conditions set forth in Section 2.10(b), and as applicable,
Section 2.10(c) or Section 2.10(d), of the Pooling and Servicing Agreement are
satisfied as of the date hereof.
(b) All terms and conditions of the Pooling and Servicing Agreement are
hereby ratified and confirmed; provided, however, that in the event of any
conflict the provisions of this Instrument shall control over the conflicting
provisions of the Pooling and Servicing Agreement.
Section 3. RECORDATION OF INSTRUMENT.
To the extent permitted by applicable law, this Instrument, or a memorandum
thereof if permitted under applicable law, is subject to recordation in all
appropriate public offices for real property records in all of the counties or
other comparable jurisdictions in which any or all of the properties subject to
the Mortgages are situated, and in any other appropriate public recording office
or elsewhere, such recordation to be effected by the Servicer at the
Certificateholders' expense on direction of the related Majority
Certificateholders, but only when accompanied by an Opinion of Counsel to the
effect that such recordation materially and beneficially affects the interests
of the Certificateholders or is necessary for the administration or servicing of
the Mortgage Loans.
Section 4. GOVERNING LAW.
This Instrument 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, without giving effect to
principles of conflicts of law.
Section 5. COUNTERPARTS.
This Instrument may be executed in one or more counterparts and by the
different parties hereto on separate counterparts, each of which, when so
executed, shall be deemed to be an original; such counterparts, together, shall
constitute one and the same instrument.
2
Section 6. SUCCESSORS AND ASSIGNS.
This Instrument shall inure to the benefit of and be binding upon the
Depositor and the Trustee and their respective successors and assigns.
SUPERIOR BANK FSB
By: /s/ XXXXXXX XXXXXXX
------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President and
Chief Financial Officer
AFC MORTGAGE LOAN ASSET
BACKED CERTIFICATES, SERIES 1996-4
By: LASALLE NATIONAL BANK,
as Trustee
By: /s/ XXXXXXXX XXXXXX
------------------------------
Name: Xxxxxxxx Xxxxxx
Title: Vice President
ATTACHMENTS
A. Additional terms of the sale.
B. Schedule of Subsequent Mortgage Loans.
C. Opinions of Depositor's counsel (bankruptcy, corporate).
X. Xxxxxxxxx's Officer's certificate.
E. Opinion of Trustee's Counsel.
3
AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1996-4
ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT
NUMBER TWO FOR SUB-POOL 2
Series 1996-4
January 22, 1997
A.
1. Subsequent Cut-off Date: January 21, 1997
2. Pricing Date:
3. Subsequent Transfer Date: January 22, 1997
4. Aggregate Principal Balance of the Subsequent
Mortgage Loans as of the Subsequent Cut-off Date: $17,111,761.94
5. Purchase Price: 100.00%
B.
As to all the Subsequent Mortgage Loans the subject
of this Instrument:
1. Shortest original term to maturity: 360 months
2. Longest original term to maturity: 360 months
3. Lowest Mortgage Rate: 3.75%
4. Greatest Combined Loan-to-Value Ratio: 90.00%
5. Largest Principal Balance $__________
[As to the final transfer of Subsequent Mortgage Loans:]
6. Weighted Average Term since Origination: 0.85 months
7. April 1997 first payment date: -0-
8. WAC of all Mortgage Loans: 10.2236%
9. WAM of all Mortgage Loans: 358.82 months
10. Maximum Weighted average LTV: 79.98%
11. Balloon Loans: _____%
12. Largest Principal Balance: $749,650.09
13. Non-owner occupied Mortgaged Properties: 2.35%
14. Maximum zip code concentration: 2.02%
15. Condominiums: 0.94%
16. Single-family: 85.93%
17. Multifamily and Mixed Use Properties: -0-%
4
ADDITION NOTICE
Date: January 22, 1997
LaSalle National Bank
000 Xxxxx XxXxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Re: Pooling and Servicing Agreement, dated as of December 1, 1996,
between Superior Bank FSB, as seller (the "Depositor"), LaSalle
National Bank as trustee (the "Trustee") and Xxx Xxxxxxxxx
Company, a division of the Depositor, as servicer, relating to AFC
Mortgage Loan Asset Backed CERTIFICATES, SERIES 1996-4 SUB-POOL 2
Ladies and Gentlemen:
Pursuant to Section 2.10 of the above-captioned Pooling and Servicing
Agreement, the Depositor has designated the Subsequent Mortgage Loans to be sold
to the Trust Fund on January 22, 1997, with an aggregate principal balance of
$17,000,000.00*. Capitalized terms not otherwise defined herein have the meaning
set forth in the Pooling and Servicing Agreement.
Please acknowledge your receipt of this notice by countersigning the
enclosed copy in the space indicated below and returning it to the attention of
the undersigned.
Very truly yours,
*Approximate
SUPERIOR BANK FSB
By: /s/ XXXX XXXXXXXXX
------------------------------
Name: Xxxx X. Xxxxxxxxx
Title: Vice President
ACKNOWLEDGED AND AGREED:
LASALLE NATIONAL BANK
By: /s/ XXXXXXXX XXXXXX
-------------------------------
Name: Xxxxxxxx Xxxxxx
Title: Vice President
Date: January 22, 1997
OFFICER'S CERTIFICATE
I, Xxxxxxx Xxxxxxx hereby certify that I am the duly elected Senior Vice
President and Chief Financial Officer of Superior Bank FSB, a federally
chartered stock savings bank (the "Depositor"), and further, to the best of my
knowledge and after due inquiry, as follows:
Each condition precedent specified in Section 2.10(b), Section 2.10(c)
and Section 2.10(d) for the Subsequent Mortgage Loans of the Pooling and
Servicing Agreement, dated as of December 1, 1996, among the Depositor, Xxx
Xxxxxxxxx Company, a division of Superior Bank FSB, and LaSalle National
Bank, as Trustee (the "Pooling and Servicing Agreement") and each condition
precedent specified in Subsequent Transfer Instrument has been satisfied by
the Depositor.
Capitalized terms not otherwise defined herein have the meanings set forth
in the Pooling and Servicing Agreement.
IN WITNESS WHEREOF, I have hereunto signed my name.
Dated: January 22, 1997 By: /s/ XXXXXXX XXXXXXX
----------------------------------
Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President and
Chief Financial Officer
Alliance Funding Company Page 1 1/22/97
A division of Superior Bank FSB
Sale Schedule A
1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
- Settlement 1/22/97
Principal
Zip Balance at
Sale ID Account Name Address City State Code Origination
------------------------------------------------------------------------------------------------------------------------------------
SB551 10216123916 XXXXX XXXXXX 00 XXXXXXXX XXXXXX XXXX XXXXXX XX 00000 276,000.00
SB551 10216125624 XXXXXX XXXXX 0 XXXXXXX XXXX XXXXXXXXXX XX 00000 160,000.00
SB551 10216130934 XXXXXXX XXXXXXX 000 XXXXXX XXXXX XXXXXX XX 00000 73,500.00
SB551 10216131876 XXXXXXXX XXXXXXXX M 000 X XXXXXXX XXXX XXXXXXXXXXX XX 00000 113,000.00
SB551 10216132232 XXXXXX XXXXX M 000 XXXXX XXXX XXXXXX XXXXXX XX 00000 70,400.00
SB551 10216132263 XXXXXXXX XXXXXXXX L 0000 XXXXXXXXX XXXXXXXX XXXXX XX 00000 72,000.00
SB551 10216133071 XXXXXX XXXXXX 0000 00XX XXXXXX XXXXXXX XX 00000 112,500.00
SB551 10216133095 XXXXXX XXXXXXX 00000 XXXXX XXXXXXXXXX XXXXX XX 00000 170,000.00
SB551 10216135059 XXXXXX XXX 0000 X. XXXXX XX. ARLINGTON HEIGHTS IL 60004 87,300.00
SB551 10216135221 XXXXXX XXXX VAN DEN 0000 XXXXX XXXXX XXXXXX XXXX XXXXXX XX 00000 28,600.00
SB551 10216135386 XXXXXX XXXXXXXX B 00000 XXXXXX XXXXXX XXXXXX XX 00000 65,200.00
SB551 10216135632 XXXXXXX XXXXXX 0000 X. XXXXX XXXXXX XXXXXXX XX 00000 73,100.00
SB551 10216135784 XXXXXXX XXXX W 4068 MISSION BELL LAS CRUCES NM 88011 116,910.00
SB551 10216135907 XXXXXXXX XXXXXXX A 0000 00XX XXXXXX XX XXXXXXX XX 00000 172,550.00
SB551 10216136127 XXXXXX XXXXXX XXX 0000 XXXX XXXX XXX XXXXXX XXXX XXXX XXXX XX 00000 93,500.00
SB551 10216136151 XXXX XXXXXXX DE LA 0000 XXXXX XXXXXX XXX XXXX XX 00000 204,000.00
SB551 10216136318 XXXXX XXXXXX L 0000 XXXXXXXX XXXXXX XXXXXXX XX 00000 73,800.00
SB551 10216136412 WEEKLY XXXXX 0000 XXXXXX XXXXX XXXXXXX XXXXXX XX 00000 360,000.00
SB551 10216136423 XXXXXXX XXXXX J 00000 XXXXXX XXXX XXXX XXXXXXXXX XX 00000 78,300.00
SB551 10216136559 XXXXXX XXXXXX X 0000 XX XXXXXXX XXXXX XXXX XXXXXXX XX 00000 96,800.00
SB551 10216136788 XXXXXXXX XXXXXX F 00 XXXXXX XXXXX XXXXX XXXXXXXX XX 00000 97,600.00
SB551 10216136895 XXXXXX XXXXXXX 00000 XXXXXXXXX XXXXX XXXXX XXXXX XX 00000 109,600.00
SB551 10216136896 XXXX XXXXX M 000 XXXXX XXXXXX XXXXXXXX XX 00000 81,000.00
SB551 10216136970 XXXXXXX XXXXXXX A 0000 XXXXXXX XXXXXX XXXXXXXX XX 00000 95,000.00
SB551 10216137201 XXXXXXX XXXXX X X 2924 SANTA XXXX XX ALBUQUERQUE NM 87106 97,750.00
SB551 10216137248 XXXXXX XXXXX M 0000 XXXXXXX XXXX XXXXXXX XX 00000 87,900.00
SB551 10216137424 AL-DIRAJI ALA 0000 X. XXXXXX XXXXX XXXX XX 00000 40,400.00
SB551 10216137443 XXXXX XXXX 0000 XXXX 00XX XXXXXX XXXXXXXXXXXX XX 00000 58,500.00
SB551 10216137470 XXXXXXX XXXXXXXXX D 000 XXXX XXXXXXX XXXXXX XXXXXX XX 00000 30,225.00
SB551 10216137523 XXXXX XXXXXXX X 0000 XXXXXXXX XXXX XXXXXXXXX XX 00000 120,000.00
SB551 10216137530 XXXXXXX XXXXX 0000 X. XXXXXXXXXX, XXXX 000 XXXXXXX XX 00000 15,000.00
SB551 10216137805 XXXXXXXXXX XXXXXXXXX 0000 X. 00XX XXXXXX XXXXXX XX 00000 96,300.00
SB551 10216137828 XXXX XXX H 7261-00 XXXXXX XXXXXXXX XX 00000 114,300.00
SB551 10216137886 XXXXXXX XXXX W 000 XXXXX XXXXXXXXX XXXXX XXXXX XX 00000 000,000.00
SB551 10216137889 XXXXXXXXX XXXXX C 0000 XXXXXXX XXXXXX XXX XXXX XX 00000 184,000.00
SB551 10216137905 XXXXXXXX XXXXXXXX T 0000 XXXX 000XX XXXXX XXXXXXX XX 00000 52,500.00
SB551 10216138055 XXXXXXX XXXXXX 176 SOUTH 000 XXXX XXXX XX 00000 40,000.00
SB551 10216138158 XXXXX XXXXXX 281 X. XXXXX ELMHURST IL 60126 112,000.00
SB551 10216138179 XXXXXXX XXXXXXX A 0000 XXXX XXXXXXXX XXXXXXX XX 00000 75,300.00
SB551 10216138359 XXXXX XXXXX P 0000 X 00XX XXXXXX XXXXXXXX XX 00000 81,000.00
SB551 10216138398 XXXXXX XXXX A 0000 XXXXXX XXXXXXXX XXXXX XXXXXXXX XX 00000 27,000.00
SB551 10216138401 XXXXXXXX XXXXX L 0000 XXXX XXXXXXX XXXXXXX XX 00000 157,200.00
SB551 10216138409 XXXXXX XXXXXX X XX 0000 XXXX XXXXXX XXXXXXXX XX 00000 270,000.00
SB551 10216138507 XXXXXXX XXXXX E 0000 XXXX XXXX XXXXXX XXXXXXXX XX 00000 72,000.00
SB551 10216138531 XXXXXXX XXXXX H 00000 XXXXX 000 XXXX XXXXXXXX XXXX XX 00000 80,000.00
SB551 10216138540 XXXXXXX XXXX 0000 X. XXXXXXXX XXXXXX XXXXXXX XX 00000 144,000.00
SB551 10216138603 XXXXXXXX XXXXXX J 0000 XXX XXXX XXX XXXXXX XXXX XX 00000 000,000.00
SB551 10216138679 ALWATAN ABBAS 5814 XXXXX DETROIT MI 48210 30,600.00
SB551 10216138772 XXXXXXXX XXXXXXX A 00 X XXXXXXXXX XXXXXX XXXXXXXXX XX 00000 180,000.00
SB551 10216138784 XXXXXX XXXXXX G 0000 X. XXXXXX XX. SPEEDWAY IN 46224 73,100.00
SB551 10216138863 XXXXXXX XXX XXXXXX 24409 LEHIGH DEARBORN MI 48125 25,000.00
SB551 10216138940 XXXXXXX XXXX X 0000 X XXXXXXX XXXXXX XXXXXXX XX 00000 360,000.00
SB551 10216138990 XXXXX XXXXXXX 000 XXXXX 000 XXXX XXXXXX XX 00000 45,000.00
SB551 10216139161 XXXXXXXX XXX XXXXXXX 00 XXXXX 000 XXXX XXXXXXXXXXX XX 00000 94,000.00
SB551 10216139162 XXXX XXXXXX J 00 XXXX XXXXXXXX XXXXXX XXXXXXX XX 00000 168,000.00
SB551 10216139459 XXXXXXX XXXXX P 000 X XXXXX XXX #0 XXXXXX XX 00000 42,750.00
SB551 10216139526 XXXXXXX XXXX M 000 XXXX XXX XXXXX XXXXXXX XX 00000 56,700.00
SB551 10216139542 XXXXXXXX XXXX 00000 XXXX XXXXXXXX XXXXXX XXXXXX XXXXXXXX XX 00000 59,200.00
SB551 10216139855 XXXXXX XXXX SR 00000 XXXXXXXXX XXXXX XXXXXXXX XXXXXXX XX 00000 126,700.00
SB551 10216139857 XXXXXX XXXXXXX W 00000 XXXXXXX XXXXXXXXXX XX 00000 54,000.00
SB551 10216139918 LOVELAND STERLING G 0000 XXXX XXXXXXXX XXXXXX XXXXXXXX XX 00000 68,800.00
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Sale ID Account Balance Date Date Rate Rate Rate Margin
-----------------------------------------------------------------------------------------------
SB551 10216123916 275,532.37 11/01/96 10/01/26 8.875 8.875 14.875 5.500
SB551 10216125624 159,339.53 11/01/96 10/01/26 11.875 11.875 17.875 8.000
SB551 10216130934 73,500.00 01/01/97 12/01/26 11.000 10.000 17.000 6.000
SB551 10216131876 113,000.00 02/01/97 01/01/27 9.750 8.750 15.750 6.000
SB551 10216132232 70,325.29 12/01/96 11/01/26 11.375 11.375 17.375 7.500
SB551 10216132263 71,950.45 12/01/96 11/01/26 7.875 7.875 13.875 3.750
SB551 10216133071 112,500.00 02/01/97 01/01/27 9.375 9.375 15.375 5.750
SB551 10216133095 170,000.00 01/01/97 12/01/26 9.875 9.875 15.875 6.250
SB551 10216135059 87,268.87 01/01/97 12/01/26 11.000 11.000 17.000 6.750
SB551 10216135221 28,600.00 01/01/97 12/01/26 11.000 10.000 17.000 6.000
SB551 10216135386 65,200.00 02/01/97 01/01/27 10.250 9.250 16.250 5.750
SB551 10216135632 73,100.00 02/01/97 01/01/27 10.875 9.875 16.875 6.250
SB551 10216135784 116,868.31 01/01/97 12/01/26 11.000 10.000 17.000 6.750
SB551 10216135907 172,550.00 02/01/97 01/01/27 10.500 9.500 16.500 6.250
SB551 10216136127 93,500.00 02/01/97 01/01/27 12.000 11.000 18.000 7.250
SB551 10216136151 203,925.25 01/01/97 12/01/26 10.875 10.875 16.875 7.500
SB551 10216136318 73,800.00 02/01/97 01/01/27 10.250 9.250 16.250 5.750
SB551 10216136412 360,000.00 02/01/97 01/01/27 12.500 11.500 18.500 7.500
SB551 10216136423 78,300.00 02/01/97 01/01/27 11.000 10.000 17.000 6.000
SB551 10216136559 96,800.00 02/01/97 01/01/27 9.625 8.625 15.625 5.250
SB551 10216136788 97,561.21 01/01/97 12/01/26 10.500 9.500 16.500 6.250
SB551 10216136895 109,600.00 02/01/97 01/01/27 12.500 11.500 18.500 7.500
SB551 10216136896 80,963.20 01/01/97 12/01/26 9.875 8.875 15.875 5.000
SB551 10216136970 95,000.00 02/01/97 01/01/27 9.750 8.750 15.750 5.250
SB551 10216137201 97,750.00 02/01/97 01/01/27 10.750 9.750 16.750 6.500
SB551 10216137248 87,900.00 02/01/97 01/01/27 9.000 8.000 15.000 4.500
SB551 10216137424 40,361.13 01/01/97 12/01/26 9.625 9.625 15.625 5.750
SB551 10216137443 58,471.98 01/01/97 12/01/26 9.625 9.625 15.625 5.750
SB551 10216137470 30,215.86 01/01/97 12/01/26 11.750 10.750 17.750 7.750
SB551 10216137523 120,000.00 02/01/97 01/01/27 11.000 10.000 17.000 6.000
SB551 10216137530 15,000.00 02/01/97 01/01/27 11.000 10.000 17.000 6.000
SB551 10216137805 96,092.47 02/01/97 01/01/27 9.875 8.875 15.875 5.000
SB551 10216137828 114,300.00 01/01/97 12/01/26 10.250 9.250 16.250 5.750
SB551 10216137886 267,073.29 02/01/97 01/01/27 10.250 9.250 16.250 6.000
SB551 10216137889 184,000.00 02/01/97 01/01/27 12.375 11.375 18.375 8.000
SB551 10216137905 52,215.76 12/01/96 11/01/26 10.875 10.875 16.875 7.500
SB551 10216138055 40,000.00 02/01/97 01/01/27 11.750 10.750 17.750 7.000
SB551 10216138158 112,000.00 02/01/97 01/01/27 9.750 8.750 15.750 5.250
SB551 10216138179 75,300.00 01/01/97 12/01/26 8.625 8.625 14.625 5.000
SB551 10216138359 81,000.00 02/01/97 01/01/27 9.125 9.125 15.125 5.750
SB551 10216138398 27,000.00 02/01/97 01/01/27 9.625 8.625 15.625 5.000
SB551 10216138401 157,200.00 02/01/97 01/01/27 10.875 9.875 16.875 6.250
SB551 10216138409 270,000.00 02/01/97 01/01/27 10.250 9.250 16.250 5.750
SB551 10216138507 72,000.00 02/01/97 01/01/27 10.625 10.625 16.625 7.250
SB551 10216138531 80,000.00 02/01/97 01/01/27 10.500 9.500 16.500 5.750
SB551 10216138540 144,000.00 02/01/97 01/01/27 12.500 11.500 18.500 7.750
SB551 10216138603 252,000.00 02/01/97 01/01/27 9.625 9.625 15.625 6.250
SB551 10216138679 30,584.54 01/01/97 12/01/26 9.375 9.375 15.375 5.750
SB551 10216138772 180,000.00 02/01/97 01/01/27 13.250 12.250 19.250 8.500
SB551 10216138784 73,100.00 02/01/97 01/01/27 11.250 10.250 17.250 6.750
SB551 10216138863 25,000.00 02/01/97 01/01/27 11.000 10.000 17.000 6.000
SB551 10216138940 360,000.00 02/01/97 01/01/27 11.875 11.875 17.875 8.500
SB551 10216138990 45,000.00 02/01/97 01/01/27 12.000 11.000 18.000 6.750
SB551 10216139161 94,000.00 02/01/97 01/01/27 11.625 10.625 17.625 6.900
SB551 10216139162 168,000.00 02/01/97 01/01/27 9.625 9.625 15.625 6.250
SB551 10216139459 42,750.00 02/01/97 01/01/27 9.375 8.375 15.375 4.750
SB551 10216139526 56,700.00 02/01/97 01/01/27 10.625 10.625 16.625 7.250
SB551 10216139542 59,200.00 02/01/97 01/01/27 9.625 9.625 15.625 6.250
SB551 10216139855 126,700.00 02/01/97 01/01/27 10.000 9.000 16.000 5.500
SB551 10216139857 54,000.00 02/01/97 01/01/27 9.000 8.000 15.000 4.500
SB551 10216139918 68,800.00 02/01/97 01/01/27 10.500 9.500 16.500 6.250
Alliance Funding Company Page 2 1/22/97
A division of Superior Bank FSB
Sale Schedule A
1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
- Settlement 1/22/97
Principal
Zip Balance at
Sale ID Account Name Address City State Code Origination
------------------------------------------------------------------------------------------------------------------------------------
SB551 10216140181 XXXXXXX XXXXXXXX X 0000 XXXXX XXXXX XXXXX XXXXX XXXXX XX 00000 50,000.00
SB551 10216140485 CHARLESTON XXXXXXX R 0000 XXXX 00XX XXXXX XXXXXX XX 00000 107,600.00
------------------------------------- ------------
63 Sale Total 6,897,235.00
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Sale ID Account Balance Date Date Rate Rate Rate Margin
-----------------------------------------------------------------------------------------------
SB551 10216140181 50,000.00 02/01/97 01/01/27 9.500 8.500 15.500 5.250
SB551 10216140485 107,600.00 02/01/97 01/01/27 11.375 10.375 17.375 7.000
----------- ------------ ----------------------------------
63 6,894,499.51 10.673 10.030 16.673 6.469
Alliance Funding Company Page 3 1/22/97
A division of Superior Bank FSB
Sale Schedule A
1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
- Settlement 1/22/97
Principal
Zip Balance at
Sale ID Account Name Address City State Code Origination
------------------------------------------------------------------------------------------------------------------------------------
SBC552 10218001463 CEYLAN DENHO 000 0XX XX XXXXXXXXXXX XX 00000 134,400.00
SBC552 10218001537 XXXXXXXXXXX XXXXX V 00 XXXXXXXXXX XX XXXXXXXXX XX 00000 178,500.00
SBC552 10218001560 XXXXXXX XXXXXX S 0000 XXXXXXX XXXXXX XX XXXXXXXXXX XX 00000 75,200.00
SBC552 10218001682 XXXXXX XXXXX M 00 XXXXXXXX XX XXXXXXXX XX 00000 412,000.00
SBC552 10218001959 XXXXXXX XXXXX 00 XXXXXXXX XXX XXXX XXXX XX 00000 60,000.00
SBC552 10218002228 XXXXX XXXXX DEL 000 XXX XXXXXXX XX XXXXXXXX XX 00000 168,000.00
SBC552 10218002424 XXXXXXX XXXXXXX 66 ROUTE GHENT NY 12075 73,600.00
SBC552 10218002652 XXXX XXXXXX 000 XXXXXXXX XXX XXXXXX XXXXXX XX 00000 233,200.00
SBC552 10218002705 XXXXXXXX XXXXXX R 000 XXXXXXX XXX XXXXXXX XX 00000 82,400.00
SBC552 10218002771 XXXXXX AMOUR 00 XXXXXXXXXX XX XXXXXXXXXXX XX 00000 125,500.00
SBC552 10218002885 XXXXXXX XXXX T 000 XXXXXX XXXXX XXXXXXXXXX XX 00000 45,900.00
SBC552 10218002970 XXXXX XXXXX 000 00XX XX XXXXXXXX XX 00000 150,500.00
SBC552 10218003120 XXXXXX XXXXXX 00-00 00XX XXXXXX XXXXXXX XXXXXXX XX 00000 222,300.00
SBC552 10218003204 XXXXXXXXXX XXXXXX 000 XXXXXXXXX XXX XXXXXX XXXXXX XX 00000 120,000.00
SBC552 10218003278 XXXXXXX XXXX S 000-00 00XX XXXX XXXXXX XX 00000 000,000.00
SBC552 10218003353 XXXXXXXXX XXXXX X 000 XXXXXXXX XX XXXXXXX XX 00000 138,500.00
SBC552 10218003364 XXXXX XXXX XXX 00 XXXXXX XX XXXXXXXXXX XX 00000 75,000.00
SBC552 10218003369 XXXXXXX XXXXXX R 0000 XXXXXXXX XXX XXXXXXXXX XX 00000 76,500.00
SBC552 10218003390 XXXXXXXXX XXXX 88 OVERLOOK TER LEONIA NJ 07605 111,000.00
SBC552 10218003701 XXXXX XXXXXXX X 0000 X XX XXXX XXXXXXXX MD 20743 92,772.00
SBC552 10218003713 XXXXXXXX XXXXXXX J 1905 ALLENDALE CT LANDOVER MD 20785 61,600.00
SBC552 10218003831 XXXXXXX XXXX 27 XXXXXXX TER NEWARK NJ 07112 79,950.00
SBC552 10218003867 MEDLEY KATHA L 0000 XXXXX XXX XXXX XXXXXXXXXX XX 00000 108,000.00
SBC552 10218003881 XXXXXXXXX XXXXX A 0000 XXXX XXXX XX XXXXXXXXX XX 00000 112,500.00
SBC552 10218003914 XXXXXXX XXXX H 0000 XXXXXXX XXXXXXX XXXXX XX 00000 127,500.00
SBC552 10218003948 XXXXXXX XXXXXX 0000 XXXX XX XXXX XXXXXX XX 00000 175,000.00
SBC552 10218003979 XXXXXXX XXXX X 000 XXXXXXX XXXX XXXX XXXXX XX 00000 274,500.00
SBC552 10218004006 XXXXXXX XXXX 0 XXXXXXXX XX XXXXXXXXX XX 00000 158,000.00
SBC552 10218004058 XXXXXXXX XXXXX 000 XXXXXXX XX XXXXXXXX XX 00000 61,000.00
SBC552 10218004084 XXXXXX XXXXXXX 00 XXXXXXX XX XXXXXXXX XX 00000 200,000.00
SBC552 10218004192 TURDIU PARID 0000 XXXXXXX XXXX X XXXX XXX XXXX XX 00000 240,000.00
SBC552 10218004215 XXXXXXXXXXXX XXXXX 000 XXXXXX XXX XXXXXX XXXXXX XX 00000 197,910.00
SBC552 10218004248 XXXXXXX XXXXX M 00 XXXXXXX XXXX XXXX XXXXXX XX 00000 96,800.00
SBC552 10218004263 XXXXXX XXXXXX 00 XXXXXXXXXXX XXXX XXXX XXXXXXXXX XX 00000 118,150.00
SBC552 10218004290 XXXXX XXXXXX 28 -01 MADISON TER FAIR LAWN NJ 07410 117,000.00
SBC552 10218004331 XXXXXXX XXXXXX 0 XXXXXXXX XX XXXXXXXXXXXXX XX 00000 174,400.00
SBC552 10218004404 XXXXXXXX XXXXXX XXXXX 000 XXXX XXXXXX XXXXXX XXXXXXX XX 00000 92,000.00
SBC552 10218004449 XXXXXX XXXXXXXXXX 00000 000XX XX XXXXXXXXX XX 00000 124,000.00
SBC552 10218004471 XXXXX XXXXX D 00 XXXXXX XXXXXX XXXXXXX XX 00000 101,600.00
SBC552 10218004522 XXXXX XXXXX 0000 XXXXXXXX XX XX XXXXXXXXXX XX 00000 174,000.00
SBC552 10218004532 XXXXXX XXXXX SHALMONI 000 XXXX XX XXXXXXXX XX 00000 000,000.00
SBC552 10218004617 XX XXXXXX XXX XXX 12 -07 XXXXXXXXXX XX FAIR LAWN NJ 07410 150,500.00
SBC552 10218004717 CUBA XXXXXX 62 XXXX XX XXXXXX ISLAND NY 10314 180,000.00
SBC552 10218004722 FREIDFERTIG XXXXXX 00 XXXXXXXX XX XXXXXXXXX XX 00000 314,300.00
SBC552 10218004764 XXXXXXXXX XXXXXXXXX E 00000 XXXXXX XXXX XX XXXXXXXX XX 00000 500,000.00
SBC552 10218004783 XXXXX XXXXXXX R 000 XXXXXXX XX XXXXXX XX 00000 103,160.00
SBC552 10218004907 XXXXXXX XXX XXXXX 0000 000XX XXXXXX XXXXX XXXXXXXX XXXX XX 00000 00,000.00
SBC552 10218004952 XXXXXXX XXXX T 000 XXXXXXXXX XX XXXXXXXXX XX 00000 162,000.00
SBC552 10218005061 XXXX XXXXXXX 1077-0000 00XX XXXXXX XXXXXX XX 00000 65,600.00
SBC552 10218005211 XXXXXX XXXXXX L 000 XXXXXXXXX XXXX XXXXXXXXX XXXX XX 00000 132,000.00
SBC552 10218005232 XXXXXX XXXXXX 000 XXXX 00XX XXXXXX XXXXXXXX XX 00000 180,000.00
SBC552 10218005263 XXXXXX XXXXXXX XXXXX 000 XXXXXX XX XXXXXX XX 00000 73,000.00
SBC552 10218005486 XXXXXXXXX XXXXXXX 0 XXXXXXXX XXXXX XXXX XXXXXX XX 00000 152,100.00
SBC552 10218005510 XXXXXXX XXXXXXXX 00 XXXXXXXX XX XXXXXXX XX 00000 145,350.00
SBC552 10218005522 XXXXX XXXXXXX U 0000 XXXXXXXXX XXXXXX XXXXXXX XX 00000 72,000.00
SBC552 10218005601 XXXX EMERICA E 00 XXXXXX XXX XXXXXXXX XX 00000 000,000.00
SBC552 10218005615 XXXXXXXXX XXXXXXX 000 XXXXX XXX XXXXXX XX 00000 440,000.00
SBC552 10218005631 XXXXXXX XXXXXXXX X. 6217 WESTRIDGE TRACE ACWORTH GA 30102 76,000.00
SBC552 10218005686 XXXXXXX XXXXX T 000 XXXXXXX XX XXXXXXX XX 00000 140,250.00
SBC552 10218005764 XXXXXX XXXXXXX T 00 XXXXXXX XX XXXXXXX XX 00000 144,500.00
SBC552 10218006098 XXXXXXXX XXXXXXXXXXX 000-000 XXXXXXXXXX XXX XXXXXXXXX XX 00000 62,900.00
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Sale ID Account Balance Date Date Rate Rate Rate Margin
-----------------------------------------------------------------------------------------------
SBC552 10218001463 134,324.65 01/01/97 12/01/26 8.875 8.875 14.875 6.250
SBC552 10218001537 178,291.04 11/01/96 10/01/26 10.625 10.625 16.625 6.750
SBC552 10218001560 75,151.40 11/01/96 10/01/26 11.500 11.500 17.500 7.500
SBC552 10218001682 411,791.94 01/01/97 12/01/26 9.375 9.375 15.375 6.250
SBC552 10218001959 59,942.28 12/01/96 11/01/26 10.625 9.625 16.625 6.375
SBC552 10218002228 168,000.00 02/01/97 01/01/27 12.000 11.000 18.000 7.250
SBC552 10218002424 73,600.00 01/01/97 12/01/26 11.125 11.125 17.125 8.500
SBC552 10218002652 233,200.00 01/01/97 12/01/26 10.375 9.375 16.375 6.125
SBC552 10218002705 82,400.00 01/01/97 12/01/26 9.375 9.375 15.375 6.250
SBC552 10218002771 125,457.63 01/01/97 12/01/26 11.250 11.250 17.250 7.250
SBC552 10218002885 45,900.00 02/01/97 01/01/27 8.625 8.625 14.625 5.000
SBC552 10218002970 150,500.00 02/01/97 01/01/27 9.375 8.375 15.375 4.750
SBC552 10218003120 222,206.78 01/01/97 12/01/26 10.250 9.250 16.250 5.750
SBC552 10218003204 120,000.00 02/01/97 01/01/27 8.750 8.750 14.750 5.375
SBC552 10218003278 238,500.00 02/01/97 01/01/27 10.375 10.375 16.375 7.000
SBC552 10218003353 138,500.00 02/01/97 01/01/27 9.250 8.250 15.250 6.250
SBC552 10218003364 75,000.00 02/01/97 01/01/27 9.375 9.375 15.375 6.000
SBC552 10218003369 76,500.00 02/01/97 01/01/27 10.750 9.750 16.750 7.500
SBC552 10218003390 111,000.00 01/01/97 12/01/26 11.625 11.625 17.625 8.000
SBC552 10218003701 92,772.00 02/01/97 01/01/27 11.625 10.625 17.625 7.250
SBC552 10218003713 61,576.18 01/01/97 12/01/26 10.625 10.625 16.625 7.000
SBC552 10218003831 79,950.00 02/01/97 01/01/27 13.125 12.125 19.125 7.750
SBC552 10218003867 108,000.00 02/01/97 01/01/27 10.375 10.375 16.375 7.000
SBC552 10218003881 112,500.00 02/01/97 01/01/27 12.000 11.000 18.000 7.750
SBC552 10218003914 127,500.00 02/01/97 01/01/27 10.625 10.625 16.625 6.750
SBC552 10218003948 175,000.00 02/01/97 01/01/27 12.500 11.500 18.500 7.500
SBC552 10218003979 274,500.00 02/01/97 01/01/27 11.000 10.000 17.000 6.750
SBC552 10218004006 158,000.00 02/01/97 01/01/27 10.875 10.875 16.875 7.500
SBC552 10218004058 61,000.00 02/01/97 01/01/27 11.750 10.750 17.750 7.000
SBC552 10218004084 200,000.00 02/01/97 01/01/27 10.250 9.250 16.250 6.250
SBC552 10218004192 240,000.00 02/01/97 01/01/27 8.375 7.375 14.375 4.750
SBC552 10218004215 197,910.00 02/01/97 01/01/27 10.000 10.000 16.000 6.625
SBC552 10218004248 96,751.12 02/01/97 01/01/27 9.375 8.375 15.375 4.750
SBC552 10218004263 118,107.87 01/01/97 12/01/26 11.000 10.000 17.000 6.500
SBC552 10218004290 117,000.00 02/01/97 01/01/27 11.500 11.500 17.500 8.125
SBC552 10218004331 174,400.00 02/01/97 01/01/27 10.625 10.625 16.625 8.000
SBC552 10218004404 92,000.00 02/01/97 01/01/27 9.500 8.500 15.500 5.250
SBC552 10218004449 124,000.00 02/01/97 01/01/27 12.500 11.500 18.500 7.500
SBC552 10218004471 101,600.00 02/01/97 01/01/27 8.750 7.750 14.750 5.500
SBC552 10218004522 174,000.00 02/01/97 01/01/27 8.750 7.750 14.750 5.500
SBC552 10218004532 240,000.00 02/01/97 01/01/27 11.250 11.250 17.250 7.875
SBC552 10218004617 150,500.00 02/01/97 01/01/27 10.125 10.125 16.125 6.750
SBC552 10218004717 179,896.44 01/01/97 12/01/26 8.750 8.750 14.750 5.375
SBC552 10218004722 314,300.00 02/01/97 01/01/27 8.750 7.750 14.750 4.750
SBC552 10218004764 500,000.00 01/01/97 12/01/26 9.750 8.750 15.750 5.250
SBC552 10218004783 103,160.00 02/01/97 01/01/27 10.375 9.375 16.375 6.000
SBC552 10218004907 70,500.00 02/01/97 01/01/27 9.375 8.375 15.375 5.000
SBC552 10218004952 162,000.00 02/01/97 01/01/27 10.750 9.750 16.750 6.750
SBC552 10218005061 65,600.00 02/01/97 01/01/27 11.375 11.375 17.375 8.250
SBC552 10218005211 132,000.00 02/01/97 01/01/27 9.750 8.750 15.750 5.250
SBC552 10218005232 180,000.00 02/01/97 01/01/27 9.875 8.875 15.875 6.625
SBC552 10218005263 73,000.00 02/01/97 01/01/27 11.125 10.125 17.125 6.750
SBC552 10218005486 152,056.48 01/01/97 12/01/26 12.000 11.000 18.000 7.750
SBC552 10218005510 145,289.05 02/01/97 01/01/27 10.250 9.250 16.250 6.500
SBC552 10218005522 72,000.00 02/01/97 01/01/27 12.500 11.500 18.500 7.500
SBC552 10218005601 110,000.00 02/01/97 01/01/27 12.125 11.125 18.125 8.250
SBC552 10218005615 440,000.00 02/01/97 01/01/27 9.250 9.250 15.250 5.875
SBC552 10218005631 76,000.00 02/01/97 01/01/27 9.875 9.875 15.875 6.250
SBC552 10218005686 140,250.00 02/01/97 01/01/27 11.750 10.750 17.750 7.500
SBC552 10218005764 144,500.00 02/01/97 01/01/27 9.500 8.500 15.500 5.500
SBC552 10218006098 62,900.00 02/01/97 01/01/27 10.125 10.125 16.125 6.750
Alliance Funding Company Page 4 1/22/97
A division of Superior Bank FSB
Sale Schedule A
1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
- Settlement 1/22/97
Principal
Zip Balance at
Sale ID Account Name Address City State Code Origination
------------------------------------------------------------------------------------------------------------------------------------
SBC552 10218006203 LINDSAY AUGUSTA 000 XXXX XXXXXXX XXXXXX XXXXXXXXXXXX XX 00000 48,000.00
SBC552 10218006314 XXXXXXXXX XXX 0000 XXXXX XXXXX XXXXXX XXXXX XXXXX XXXXX XX 00000 136,500.00
SBC552 10218006367 XXXXXXX XXXXX 000 XXXXXXXXXX XX XXXXXXXXXX XX 00000 65,000.00
SBC552 10218006395 XXXXXXXXX XXXXXXX 000 XXXXXXXX XXXXX XXXX XXXXXXXXX XX 00000 100,000.00
SBC552 10218006397 XXXXXXX XXXXX 0000 XXXXXXXXX XXX XXXXXXXXX XX 00000 48,750.00
SBC552 10218006546 XXXX X XXXXXX XX XX 000 XXXXXX XXXX XXXX XXXXXXX XX 00000 175,000.00
SBC552 10218006558 XXXXXX XXXXX D 0000 XXXX XXX XXXXX XXXXXXXXXXXX XX 00000 70,400.00
SBC552 10218007063 XXXXXXXX XXXX I 0 XXXXXXXX XXX XXXXXXXXX XX 00000 90,000.00
SBC552 10218007395 XXXXXXXXXX XXXXXXX 00 XXXXXX XXXXXX XXXX XXXXXXXX XX 00000 178,000.00
SBC552 10218007424 XXX XXXXXXX 0000 XXXX XXX XXXXXX XX 00000 185,000.00
------------------------------------- -------------
71 Sale Total 10,218,492.00
134 Total with Superior 17,115,727.00
134 Grand Total 17,115,727.00
Cut-off Date First Initial Minimum Maximum
Principal Payment Maturity Mortgage Mortgage Mortgage Gross
Sale ID Account Balance Date Date Rate Rate Rate Margin
-----------------------------------------------------------------------------------------------
SBC552 10218006203 47,977.01 01/01/97 12/01/26 9.625 9.625 15.625 6.000
SBC552 10218006314 136,500.00 02/01/97 01/01/27 9.625 9.625 15.625 7.000
SBC552 10218006367 64,969.68 01/01/97 12/01/26 9.750 8.750 15.750 5.500
SBC552 10218006395 100,000.00 02/01/97 01/01/27 9.625 9.625 15.625 6.000
SBC552 10218006397 48,750.00 01/01/97 12/01/26 11.125 11.125 17.125 7.750
SBC552 10218006546 175,000.00 02/01/97 01/01/27 10.375 10.375 16.375 6.750
SBC552 10218006558 70,378.11 01/01/97 12/01/26 11.625 11.625 17.625 8.500
SBC552 10218007063 90,000.00 02/01/97 01/01/27 8.375 8.375 14.375 6.000
SBC552 10218007395 177,902.77 12/01/96 11/01/26 9.000 9.000 15.000 6.250
SBC552 10218007424 185,000.00 02/01/97 01/01/27 10.375 10.375 16.375 7.000
----------- ------------- ----------------------------------
71 10,217,262.43 10.227 9.702 16.227 6.454
134 17,111,761.94 10.407 9.834 16.407 6.460
134 17,111,761.94 10.407 9.834 16.407 6.460
Alliance Funding Company Page 1 1/22/97
A division of Superior Bank FSB
Sale Schedule B
1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
- Settlement 1/22/97
Principal Type of Scheduled Cut-off Date Original Next Current
Balance at Mortgaged Payment Principal LTV Adjustment Mortgage
Sale ID Account Name Origination Property Int & Prin Balance Ratio Date Rate
-----------------------------------------------------------------------------------------------------------------------------
SB551 10216123916 XXXXX XXXXXX 276,000.00 SF 2,195.98 275,532.37 80.0 04/01/97 8.875
SB551 10216125624 XXXXXX XXXXX 160,000.00 SF 1,630.41 159,339.53 69.5 04/01/97 11.875
SB551 10216130934 XXXXXXX XXXXXXX 73,500.00 SF 699.96 73,500.00 75.0 12/01/98 11.000
SB551 10216131876 XXXXXXXX XXXXXXXX M 113,000.00 SF 970.84 113,000.00 59.4 01/01/99 9.750
SB551 10216132232 XXXXXX XXXXX M 70,400.00 SF 690.46 70,325.29 80.0 05/01/97 11.375
SB551 10216132263 XXXXXXXX XXXXXXXX L 72,000.00 SF 522.05 71,950.45 79.5 05/01/97 7.875
SB551 10216133071 XXXXXX XXXXXX 112,500.00 SF 935.72 112,500.00 89.6 07/01/97 9.375
SB551 10216133095 XXXXXX XXXXXXX 170,000.00 SF 1,539.19 170,000.00 85.0 06/01/97 9.875
SB551 10216135059 XXXXXX XXX 87,300.00 SF 831.38 87,268.87 66.6 06/01/97 11.000
SB551 10216135221 XXXXXX XXXX VAN DEN 28,600.00 SF 272.36 28,600.00 65.0 12/01/98 11.000
SB551 10216135386 XXXXXX XXXXXXXX B 65,200.00 SF 584.26 65,200.00 89.9 01/01/99 10.250
SB551 10216135632 XXXXXXX XXXXXX 73,100.00 MF 689.25 73,100.00 85.0 01/01/99 10.875
SB551 10216135784 XXXXXXX XXXX W 116,910.00 SF 1,113.36 116,868.31 90.0 12/01/98 11.000
SB551 10216135907 XXXXXXXX XXXXXXX A 172,550.00 SF 1,578.38 172,550.00 85.0 01/01/99 10.500
SB551 10216136127 XXXXXX XXXXXX XXX 93,500.00 SF 961.75 93,500.00 79.9 01/01/99 12.000
SB551 10216136151 XXXX XXXXXXX DE LA 204,000.00 SF 1,923.50 203,925.25 85.0 06/01/97 10.875
SB551 10216136318 XXXXX XXXXXX L 73,800.00 SF 661.32 73,800.00 90.0 01/01/99 10.250
SB551 10216136412 WEEKLY XXXXX 360,000.00 SF 3,842.13 360,000.00 80.0 01/01/99 12.500
SB551 10216136423 XXXXXXX XXXXX J 78,300.00 SF 745.67 78,300.00 49.5 01/01/99 11.000
SB551 10216136559 XXXXXX XXXXXX J 96,800.00 SF 822.79 96,800.00 80.0 01/01/99 9.625
SB551 10216136788 XXXXXXXX XXXXXX F 97,600.00 SF 892.79 97,561.21 80.0 12/01/98 10.500
SB551 10216136895 XXXXXX XXXXXXX 109,600.00 SF 1,169.71 109,600.00 80.0 01/01/99 12.500
SB551 10216136896 XXXX XXXXX M 81,000.00 SF 703.36 80,963.20 90.0 12/01/98 9.875
SB551 10216136970 XXXXXXX XXXXXXX A 95,000.00 SF 816.20 95,000.00 60.8 01/01/99 9.750
SB551 10216137201 XXXXXXX XXXXX X X 97,750.00 SF 912.48 97,750.00 85.0 01/01/99 10.750
SB551 10216137248 XXXXXX XXXXX M 87,900.00 SF 707.26 87,900.00 78.4 01/01/99 9.000
SB551 10216137424 AL-DIRAJI ALA 40,400.00 SF 343.40 40,361.13 87.8 06/01/97 9.625
SB551 10216137443 XXXXX XXXX 58,500.00 SF 497.24 58,471.98 90.0 06/01/97 9.625
SB551 10216137470 XXXXXXX XXXXXXXXX D 30,225.00 SF 305.10 30,215.86 65.0 12/01/98 11.750
SB551 10216137523 XXXXX XXXXXXX X 120,000.00 SF 1,142.79 120,000.00 75.0 01/01/99 11.000
SB551 10216137530 XXXXXXX XXXXX 15,000.00 SF 142.85 15,000.00 35.7 01/01/99 11.000
SB551 10216137805 XXXXXXXXXX XXXXXXXXX 96,300.00 SF 836.22 96,092.47 90.0 01/01/99 9.875
SB551 10216137828 XXXX XXX H 114,300.00 MF 1,024.24 114,300.00 87.9 12/01/98 10.250
SB551 10216137886 XXXXXXX XXXX W 267,750.00 SF 2,399.31 267,073.29 85.0 01/01/99 10.250
SB551 10216137889 XXXXXXXXX XXXXX X 184,000.00 SF 1,945.92 184,000.00 80.0 01/01/99 12.375
SB551 10216137905 XXXXXXXX XXXXXXXX T 52,500.00 SF 495.02 52,215.76 75.0 05/01/97 10.875
SB551 10216138055 XXXXXXX XXXXXX 40,000.00 SF 403.76 40,000.00 48.7 01/01/99 11.750
SB551 10216138158 XXXXX XXXXXX 112,000.00 SF 962.25 112,000.00 80.0 01/01/99 9.750
SB551 10216138179 XXXXXXX XXXXXXX A 75,300.00 SF 585.68 75,300.00 87.5 06/01/97 8.625
SB551 10216138359 XXXXX XXXXX P 81,000.00 SF 659.04 81,000.00 90.0 07/01/97 9.125
SB551 10216138398 XXXXXX XXXX A 27,000.00 SF 229.50 27,000.00 22.0 01/01/99 9.625
SB551 10216138401 XXXXXXXX XXXXX L 157,200.00 SF 1,482.22 157,200.00 84.9 01/01/99 10.875
SB551 10216138409 XXXXXX XXXXXX X XX 270,000.00 SF 2,419.47 270,000.00 90.0 01/01/99 10.250
SB551 10216138507 XXXXXXX XXXXX E 72,000.00 SF 665.35 72,000.00 80.0 07/01/97 10.625
SB551 10216138531 XXXXXXX XXXXX H 80,000.00 SF 731.79 80,000.00 60.6 01/01/99 10.500
SB551 10216138540 XXXXXXX XXXX 144,000.00 MF 1,536.85 144,000.00 80.0 01/01/99 12.500
SB551 10216138603 XXXXXXXX XXXXXX J 252,000.00 SF 2,141.98 252,000.00 80.0 07/01/97 9.625
SB551 10216138679 XXXXXXX XXXXX 30,600.00 SF 254.52 30,584.54 90.0 06/01/97 9.375
SB551 10216138772 XXXXXXXX XXXXXXX A 180,000.00 SF 2,026.39 180,000.00 80.0 01/01/99 13.250
SB551 10216138784 XXXXXX XXXXXX G 73,100.00 SF 709.99 73,100.00 85.0 01/01/99 11.250
SB551 10216138863 XXXXXXX XXX XXXXXX 25,000.00 SF 238.08 25,000.00 46.7 01/01/99 11.000
SB551 10216138940 XXXXXXX XXXX X 360,000.00 SF 3,668.40 360,000.00 80.0 07/01/97 11.875
SB551 10216138990 XXXXX XXXXXXX 45,000.00 SF 462.88 45,000.00 51.7 01/01/99 12.000
SB551 10216139161 XXXXXXXX XXX XXXXXXX 94,000.00 SF 939.85 94,000.00 71.2 01/01/99 11.625
SB551 10216139162 XXXX XXXXXX J 168,000.00 SF 1,427.99 168,000.00 76.3 07/01/97 9.625
SB551 10216139459 XXXXXXX XXXXX P 42,750.00 CD 355.58 42,750.00 75.0 01/01/99 9.375
SB551 10216139526 XXXXXXX XXXX M 56,700.00 SF 523.96 56,700.00 63.0 07/01/97 10.625
SB551 10216139542 XXXXXXXX XXXX 59,200.00 SF 503.20 59,200.00 80.0 07/01/97 9.625
SB551 10216139855 XXXXXX XXXX SR 126,700.00 SF 1,111.88 126,700.00 74.9 01/01/99 10.000
SB551 10216139857 XXXXXX XXXXXXX W 54,000.00 SF 434.50 54,000.00 60.0 01/01/99 9.000
SB551 10216139918 LOVELAND STERLING G 68,800.00 SF 629.35 68,800.00 80.0 01/01/99 10.500
Property
Value at Owner
Sale ID Account Origination Occupied
--------------------------------------------
SB551 10216123916 345,000.00 Y
SB551 10216125624 230,000.00 Y
SB551 10216130934 98,000.00 Y
SB551 10216131876 190,000.00 Y
SB551 10216132232 88,000.00 Y
SB551 10216132263 90,500.00 Y
SB551 10216133071 125,500.00 Y
SB551 10216133095 200,000.00 Y
SB551 10216135059 131,000.00 Y
SB551 10216135221 44,000.00 Y
SB551 10216135386 72,500.00 Y
SB551 10216135632 86,000.00 Y
SB551 10216135784 129,900.00 Y
SB551 10216135907 203,000.00 Y
SB551 10216136127 117,000.00 Y
SB551 10216136151 240,000.00 Y
SB551 10216136318 82,000.00 Y
SB551 10216136412 450,000.00 Y
SB551 10216136423 158,000.00 Y
SB551 10216136559 121,000.00 Y
SB551 10216136788 122,000.00 Y
SB551 10216136895 137,000.00 Y
SB551 10216136896 90,000.00 Y
SB551 10216136970 156,000.00 Y
SB551 10216137201 115,000.00 Y
SB551 10216137248 112,000.00 Y
SB551 10216137424 46,000.00 Y
SB551 10216137443 65,000.00 Y
SB551 10216137470 46,500.00 Y
SB551 10216137523 160,000.00 Y
SB551 10216137530 42,000.00 Y
SB551 10216137805 107,000.00 Y
SB551 10216137828 130,000.00 Y
SB551 10216137886 315,000.00 Y
SB551 10216137889 230,000.00 Y
SB551 10216137905 70,000.00 Y
SB551 10216138055 82,000.00 Y
SB551 10216138158 140,000.00 Y
SB551 10216138179 86,000.00 Y
SB551 10216138359 90,000.00 Y
SB551 10216138398 122,500.00 Y
SB551 10216138401 185,000.00 Y
SB551 10216138409 300,000.00 Y
SB551 10216138507 90,000.00 Y
SB551 10216138531 132,000.00 Y
SB551 10216138540 180,000.00 Y
SB551 10216138603 315,000.00 Y
SB551 10216138679 34,000.00 Y
SB551 10216138772 225,000.00 Y
SB551 10216138784 86,000.00 Y
SB551 10216138863 53,500.00 Y
SB551 10216138940 450,000.00 Y
SB551 10216138990 87,000.00 Y
SB551 10216139161 132,000.00 Y
SB551 10216139162 220,000.00 Y
SB551 10216139459 57,000.00 Y
SB551 10216139526 90,000.00 Y
SB551 10216139542 74,000.00 Y
SB551 10216139855 169,000.00 Y
SB551 10216139857 90,000.00 Y
SB551 10216139918 86,000.00 Y
Alliance Funding Company Page 2 1/22/97
A division of Superior Bank FSB
Sale Schedule B
1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
- Settlement 1/22/97
Principal Type of Scheduled Cut-off Date Original Next Current
Balance at Mortgaged Payment Principal LTV Adjustment Mortgage
Sale ID Account Name Origination Property Int & Prin Balance Ratio Date Rate
-----------------------------------------------------------------------------------------------------------------------------
SB551 10216140181 XXXXXXX XXXXXXXX X 50,000.00 SF 420.43 50,000.00 32.2 01/01/99 9.500
SB551 10216140485 CHARLESTON XXXXXXX R 107,600.00 SF 1,055.30 107,600.00 80.0 01/01/99 11.375
----------------------------------------------------- ------------------------------- ------
63 Sale Total 6,897,235.00 64,124.84 6,894,499.51 78.9 10.673
Property
Value at Owner
Sale ID Account Origination Occupied
--------------------------------------------
SB551 10216140181 155,000.00 N
SB551 10216140485 134,500.00 Y
----------- ------------
63 9,010,400.00
Alliance Funding Company Page 3 1/22/97
A division of Superior Bank FSB
Sale Schedule B
1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
- Settlement 1/22/97
Principal Type of Scheduled Cut-off Date Original Next Current
Balance at Mortgaged Payment Principal LTV Adjustment Mortgage
Sale ID Account Name Origination Property Int & Prin Balance Ratio Date Rate
-----------------------------------------------------------------------------------------------------------------------------
SBC552 10218001463 CEYLAN DENHO 134,400.00 SF 1,069.35 134,324.65 79.0 06/01/97 8.875
SBC552 10218001537 XXXXXXXXXXX XXXXX V 178,500.00 SF 1,649.51 178,291.04 85.0 04/01/97 10.625
SBC552 10218001560 XXXXXXX XXXXXX X 75,200.00 SF 744.70 75,151.40 80.0 04/01/97 11.500
SBC552 10218001682 XXXXXX XXXXX M 412,000.00 SF 3,426.81 411,791.94 80.0 06/01/97 9.375
SBC552 10218001959 XXXXXXX XXXXX 60,000.00 SF 554.46 59,942.28 70.5 11/01/98 10.625
SBC552 10218002228 XXXXX XXXXX DEL 168,000.00 SF 1,728.07 168,000.00 80.0 01/01/99 12.000
SBC552 10218002424 XXXXXXX XXXXXXX 73,600.00 SF 707.87 73,600.00 80.0 06/01/97 11.125
SBC552 10218002652 XXXX XXXXXX 233,200.00 MF 2,111.41 233,200.00 80.9 12/01/98 10.375
SBC552 10218002705 XXXXXXXX XXXXXX X 82,400.00 SF 685.36 82,400.00 80.0 06/01/97 9.375
SBC552 10218002771 XXXXXX AMOUR 125,500.00 SF 1,218.93 125,457.63 80.9 06/01/97 11.250
SBC552 10218002885 XXXXXXX XXXX T 45,900.00 SF 357.01 45,900.00 90.0 07/01/97 8.625
SBC552 10218002970 XXXXX XXXXX 150,500.00 MF 1,251.78 150,500.00 70.0 01/01/99 9.375
SBC552 10218003120 XXXXXX XXXXXX 222,300.00 MF 1,992.03 222,206.78 90.0 12/01/98 10.250
SBC552 10218003204 XXXXXXXXXX XXXXXX 120,000.00 SF 944.04 120,000.00 76.9 07/01/97 8.750
SBC552 10218003278 XXXXXXX XXXX S 238,500.00 MF 2,159.40 238,500.00 90.0 07/01/97 10.375
SBC552 10218003353 XXXXXXXXX XXXXX J 138,500.00 SF 1,139.41 138,500.00 65.9 01/01/99 9.250
SBC552 10218003364 XXXXX XXXX XXX 75,000.00 SF 623.81 75,000.00 70.7 07/01/97 9.375
SBC552 10218003369 XXXXXXX XXXXXX R 76,500.00 SF 714.11 76,500.00 85.0 01/01/99 10.750
SBC552 10218003390 XXXXXXXXX XXXX 111,000.00 SF 1,109.82 111,000.00 79.5 06/01/97 11.625
SBC552 10218003701 XXXXX XXXXXXX X 92,772.00 SF 927.57 92,772.00 85.9 01/01/99 11.625
SBC552 10218003713 XXXXXXXX XXXXXXX J 61,600.00 SF 569.24 61,576.18 80.0 06/01/97 10.625
SBC552 10218003831 XXXXXXX XXXX 79,950.00 MF 892.22 79,950.00 65.0 01/01/99 13.125
SBC552 10218003867 MEDLEY KATHA L 108,000.00 SF 977.84 108,000.00 80.0 07/01/97 10.375
SBC552 10218003881 XXXXXXXXX XXXXX A 112,500.00 SF 1,157.19 112,500.00 75.0 01/01/99 12.000
SBC552 10218003914 XXXXXXX XXXX H 127,500.00 SF 1,178.22 127,500.00 85.0 07/01/97 10.625
SBC552 10218003948 XXXXXXX XXXXXX 175,000.00 SF 1,867.70 175,000.00 79.5 01/01/99 12.500
SBC552 10218003979 XXXXXXX XXXX R 274,500.00 MF 2,614.13 274,500.00 90.0 01/01/99 11.000
SBC552 10218004006 XXXXXXX XXXX 158,000.00 SF 1,489.77 158,000.00 79.7 07/01/97 10.875
SBC552 10218004058 XXXXXXXX XXXXX 61,000.00 SF 615.74 61,000.00 67.0 01/01/99 11.750
SBC552 10218004084 XXXXXX XXXXXXX 200,000.00 MF 1,792.20 200,000.00 72.4 01/01/99 10.250
SBC552 10218004192 TURDIU PARID 240,000.00 MF 1,824.17 240,000.00 80.0 01/01/99 8.375
SBC552 10218004215 XXXXXXXXXXXX XXXXX 197,910.00 MF 1,736.80 197,910.00 90.0 07/01/97 10.000
SBC552 10218004248 XXXXXXX XXXXX M 96,800.00 SF 805.13 96,751.12 80.0 01/01/99 9.375
SBC552 10218004263 XXXXXX XXXXXX 118,150.00 SF 1,125.17 118,107.87 85.0 12/01/98 11.000
SBC552 10218004290 XXXXX XXXXXX 117,000.00 SF 1,158.64 117,000.00 80.6 07/01/97 11.500
SBC552 10218004331 XXXXXXX XXXXXX 174,400.00 SF 1,611.63 174,400.00 80.0 07/01/97 10.625
SBC552 10218004404 XXXXXXXX XXXXXX XXXXX 92,000.00 SF 773.59 92,000.00 80.0 01/01/99 9.500
SBC552 10218004449 XXXXXX XXXXXXXXXX 124,000.00 MF 1,323.40 124,000.00 80.0 01/01/99 12.500
SBC552 10218004471 XXXXX XXXXX D 101,600.00 SF 799.29 101,600.00 80.0 01/01/99 8.750
SBC552 10218004522 XXXXX XXXXX 174,000.00 SF 1,368.86 174,000.00 75.0 01/01/99 8.750
SBC552 10218004532 XXXXXX XXXXX SHALMONI 240,000.00 MF 2,331.03 240,000.00 80.0 07/01/97 11.250
SBC552 10218004617 XX XXXXXX XXX XXX 150,500.00 SF 1,334.67 150,500.00 70.0 07/01/97 10.125
SBC552 10218004717 CUBA XXXXXX 180,000.00 SF 1,416.06 179,896.44 80.0 06/01/97 8.750
SBC552 10218004722 FREIDFERTIG XXXXXX 314,300.00 SF 2,472.60 314,300.00 70.0 01/01/99 8.750
SBC552 10218004764 XXXXXXXXX XXXXXXXXX E 500,000.00 SF 4,295.77 500,000.00 77.5 12/01/98 9.750
SBC552 10218004783 XXXXX XXXXXXX R 103,160.00 SF 934.02 103,160.00 73.6 01/01/99 10.375
SBC552 10218004907 XXXXXXX XXX XXXXX 70,500.00 SF 586.38 70,500.00 61.3 01/01/99 9.375
SBC552 10218004952 XXXXXXX XXXX T 162,000.00 SF 1,512.24 162,000.00 90.0 01/01/99 10.750
SBC552 10218005061 XXXX XXXXXXX 65,600.00 SF 643.38 65,600.00 80.0 07/01/97 11.375
SBC552 10218005211 XXXXXX XXXXXX L 132,000.00 SF 1,134.08 132,000.00 80.4 01/01/99 9.750
SBC552 10218005232 XXXXXX XXXXXX 180,000.00 SF 1,563.03 180,000.00 90.0 01/01/99 9.875
SBC552 10218005263 XXXXXX XXXXXXX XXXXX 73,000.00 SF 702.10 73,000.00 64.6 01/01/99 11.125
SBC552 10218005486 XXXXXXXXX XXXXXXX 152,100.00 SF 1,564.52 152,056.48 84.9 12/01/98 12.000
SBC552 10218005510 XXXXXXX XXXXXXXX 145,350.00 SF 1,302.48 145,289.05 85.0 01/01/99 10.250
SBC552 10218005522 XXXXX XXXXXXX U 72,000.00 SF 768.43 72,000.00 80.0 01/01/99 12.500
SBC552 10218005601 XXXX EMERICA E 110,000.00 SF 1,142.07 110,000.00 73.3 01/01/99 12.125
SBC552 10218005615 XXXXXXXXX XXXXXXX 440,000.00 SF 3,619.77 440,000.00 80.0 07/01/97 9.250
SBC552 10218005631 XXXXXXX XXXXXXXX X. 76,000.00 SF 659.94 76,000.00 80.0 07/01/97 9.875
SBC552 10218005686 XXXXXXX XXXXX T 140,250.00 SF 1,415.70 140,250.00 85.0 01/01/99 11.750
SBC552 10218005764 XXXXXX XXXXXXX T 144,500.00 SF 1,215.03 144,500.00 85.0 01/01/99 9.500
SBC552 10218006098 XXXXXXXX XXXXXXXXXXX 62,900.00 MF 557.81 62,900.00 89.9 07/01/97 10.125
Property
Value at Owner
Sale ID Account Origination Occupied
--------------------------------------------
SBC552 10218001463 170,000.00 Y
SBC552 10218001537 210,000.00 Y
SBC552 10218001560 94,000.00 Y
SBC552 10218001682 515,000.00 Y
SBC552 10218001959 85,000.00 Y
SBC552 10218002228 210,000.00 Y
SBC552 10218002424 92,000.00 Y
SBC552 10218002652 288,000.00 Y
SBC552 10218002705 103,000.00 Y
SBC552 10218002771 155,000.00 Y
SBC552 10218002885 51,000.00 Y
SBC552 10218002970 215,000.00 N
SBC552 10218003120 247,000.00 Y
SBC552 10218003204 156,000.00 Y
SBC552 10218003278 265,000.00 Y
SBC552 10218003353 210,000.00 Y
SBC552 10218003364 106,000.00 Y
SBC552 10218003369 90,000.00 Y
SBC552 10218003390 139,500.00 Y
SBC552 10218003701 108,000.00 Y
SBC552 10218003713 77,000.00 Y
SBC552 10218003831 123,000.00 Y
SBC552 10218003867 135,000.00 Y
SBC552 10218003881 150,000.00 Y
SBC552 10218003914 150,000.00 Y
SBC552 10218003948 220,000.00 Y
SBC552 10218003979 305,000.00 Y
SBC552 10218004006 198,000.00 Y
SBC552 10218004058 91,000.00 Y
SBC552 10218004084 276,000.00 Y
SBC552 10218004192 300,000.00 Y
SBC552 10218004215 219,900.00 Y
SBC552 10218004248 121,000.00 Y
SBC552 10218004263 139,000.00 Y
SBC552 10218004290 145,000.00 Y
SBC552 10218004331 218,000.00 Y
SBC552 10218004404 115,000.00 Y
SBC552 10218004449 155,000.00 Y
SBC552 10218004471 127,000.00 Y
SBC552 10218004522 232,000.00 Y
SBC552 10218004532 300,000.00 Y
SBC552 10218004617 215,000.00 Y
SBC552 10218004717 225,000.00 Y
SBC552 10218004722 449,000.00 N
SBC552 10218004764 645,000.00 Y
SBC552 10218004783 140,000.00 Y
SBC552 10218004907 115,000.00 Y
SBC552 10218004952 180,000.00 Y
SBC552 10218005061 82,000.00 Y
SBC552 10218005211 164,000.00 Y
SBC552 10218005232 200,000.00 Y
SBC552 10218005263 113,000.00 Y
SBC552 10218005486 179,000.00 Y
SBC552 10218005510 171,000.00 Y
SBC552 10218005522 90,000.00 Y
SBC552 10218005601 150,000.00 Y
SBC552 10218005615 550,000.00 Y
SBC552 10218005631 95,000.00 Y
SBC552 10218005686 165,000.00 Y
SBC552 10218005764 170,000.00 Y
SBC552 10218006098 69,900.00 N
Alliance Funding Company Page 4 1/22/97
A division of Superior Bank FSB
Sale Schedule B
1996-4 Class 2 - 2nd Subsequent Transfer of Adjustable Rate Mortgages
- Settlement 1/22/97
Principal Type of Scheduled Cut-off Date Original Next Current
Balance at Mortgaged Payment Principal LTV Adjustment Mortgage
Sale ID Account Name Origination Property Int & Prin Balance Ratio Date Rate
-----------------------------------------------------------------------------------------------------------------------------
SBC552 10218006203 LINDSAY AUGUSTA 48,000.00 SF 407.99 47,977.01 68.5 06/01/97 9.625
SBC552 10218006314 XXXXXXXXX XXX 136,500.00 MF 1,160.24 136,500.00 70.0 07/01/97 9.625
SBC552 10218006367 XXXXXXX XXXXX 65,000.00 SF 558.45 64,969.68 83.0 12/01/98 9.750
SBC552 10218006395 XXXXXXXXX XXXXXXX 100,000.00 CD 849.99 100,000.00 64.8 07/01/97 9.625
SBC552 10218006397 XXXXXXX XXXXX 48,750.00 SF 468.87 48,750.00 65.0 06/01/97 11.125
SBC552 10218006546 XXXX X XXXXXX XX XX 175,000.00 SF 1,584.47 175,000.00 88.3 07/01/97 10.375
SBC552 10218006558 XXXXXX XXXXX D 70,400.00 SF 703.89 70,378.11 79.5 06/01/97 11.625
SBC552 10218007063 XXXXXXXX XXXX I 90,000.00 SF 684.06 90,000.00 50.5 07/01/97 8.375
SBC552 10218007395 XXXXXXXXXX XXXXXXX 178,000.00 SF 1,432.23 177,902.77 79.1 05/01/97 9.000
SBC552 10218007424 XXX XXXXXXX 185,000.00 SF 1,675.00 185,000.00 67.2 07/01/97 10.375
----------------------------------------------------- ------------------------------- -------
71 Sale Total 10,218,492.00 91,492.68 10,217,262.43 79.3 10.227
134 Total with Superior 17,115,727.00 155,617.52 17,111,761.94 79.1 10.407
134 Grand Total 17,115,727.00 155,617.52 17,111,761.94 79.1 10.407
Property
Value at Owner
Sale ID Account Origination Occupied
--------------------------------------------
SBC552 10218006203 70,000.00 Y
SBC552 10218006314 195,000.00 Y
SBC552 10218006367 78,250.00 Y
SBC552 10218006395 154,090.00 Y
SBC552 10218006397 75,000.00 Y
SBC552 10218006546 198,000.00 Y
SBC552 10218006558 88,500.00 Y
SBC552 10218007063 178,000.00 Y
SBC552 10218007395 225,000.00 Y
SBC552 10218007424 275,000.00 Y
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71 13,011,140.00
134 22,021,540.00
134 22,021,540.00