-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UASbaNSyuJ6ePf56eP/RSQmf9awisWboK4zzNv27okjYKlSVDB91zu9zAc3+eBIz M2z1CGY6a69Dtrl1zoDYsw== 0001034225-97-000149.txt : 19970709 0001034225-97-000149.hdr.sgml : 19970709 ACCESSION NUMBER: 0001034225-97-000149 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970708 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: EQUICON MORTGAGE LOAN TRUST 1995-2 CENTRAL INDEX KEY: 0001002669 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 526772802 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 033-96500-01 FILM NUMBER: 97637325 BUSINESS ADDRESS: STREET 1: NORWEST BANK MINNESOTA SAS TAX DEPT STREET 2: 11000 BROKEN LAND PKWY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842076 MAIL ADDRESS: STREET 1: C/O NORWEST BANK MINNESOTA SAS TAX DEPT STREET 2: 11000 BROKEN LAND PKWY CITY: COLUMBIA STATE: MD ZIP: 21044 10-K/A 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K/A Amendment No. 1 (Mark One) | x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1996 | | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.: 033-96500-01 Equicon Mortgage Loan Trust, Series 1995-2 (Exact name of registrant as specified in its charter) New York (governing law of pooling and servicing agreement) State or other jurisdiction of incorporation or organization) 52-1962412, 52-1962413 (I.R.S. Employer Identification No.) c/o Norwest Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044 (Address of principal executive (Zip Code) offices) Registrant's telephone number, including area code (410) 884-2000 Securities registered pursuant to Section 12(b) of the Act: NONE Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark 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. Yes X No This Amendment No. 1 on Form 10-K/A amends Item 14 of the original Annual Report on Form 10-K (the "Original Form 10-K") filed on March 26, 1997, by Norwest Bank Minnesota, N.A. (the "Reporting Person"), on behalf of Equicon Mortgage Loan Trust, Series 1995-2 (the "Trust"), established pursuant to a Pooling Agreement (the "Pooling Agreement") among Cargill Financial Services Corporation, as Sponsor, (the "Sponsor"), Equicon Corporation, as Seller, (the "Seller"), and Norwest Bank Minnesota, N.A., as Trustee, ( the "Trustee"), pursuant to which the Equicon Mortgage Loan Trust, Series 1995-2, certificates registered under the Securities Act of 1933 (the "Certificates") were issued. Item 14 of the Original Form 10-K is amended to read in its entirety as follows: Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K. (a) Exhibits 99.1 Annual Report of Independent Public Accountants' as to master servicing activities or servicing activities as applicable: (a) Electronic Data Systems Corp., as Servicer (b) LSI Financial Group, as Servicer 99.2 Management Assertion Letter: (a) Electronic Data Systems Corp., as Servicer (b) LSI Financial Group, as Servicer 99.3 Annual Statements of Compliance with obligations under the Pooling Agreement or servicing agreement, as applicable, of: (a) Electronic Data Systems Corp., as Servicer (b) LSI Financial Group, as Servicer (b) On October 3, 1996, November 1, 1996, and December 17, 1996 a report on Form 8-K was filed in order to provide the statements for the monthly distributions to holders of the Certificates. No other reports on Form 8-K have been filed during the last quarter of the period covered by this report. (c) Omitted. (d) Omitted. Filed herewith. 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 a further amendment to the Original Form 10-K to be filed within 30 days of the Reporting Person's receipt of such document. SIGNATURE 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: Equicon Mortgage Loan Trust, Series 1995-2 By: Norwest Bank Minnesota, N.A., as Trustee By: /s/ Sherri J. Sharps By: Sherri J. Sharps Title: Vice President Dated: June 24, 1997 EXHIBIT INDEX Exhibit No. 99.1 Annual Report of Independent Public Accountants' as to master servicing activities or servicing activities as applicable: (a) Electronic Data Systems Corp., as Servicer (b) LSI Financial Group, as Servicer 99.2 Management Assertion Letter: (a) Electronic Data Systems Corp., as Servicer (b) LSI Financial Group, as Servicer 99.3 Annual Statements of Compliance with obligations under the Pooling Agreement or servicing agreement, as applicable, of: (a) Electronic Data Systems Corp., as Servicer (b) LSI Financial Group, as Servicer Filed herewith. 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 a further amendment to the Original Form 10-K to be filed within 30 days of the Reporting Person's receipt of such document. EX-99.1(A) 2 ANNUAL INDEPENDENT ACCOUNTANTS' SERVICING REPORTS (logo) KPMG Peat Marwick LLP 1600 Market Street Philadelphia, PA 19103-7212 Independent Accountant's Report We have examined management's assertion about the Electronic Data Systems Corporation - Consumer Asset Management Division's (the Division's) compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS (USAP) as of, and for the nine months ending, September 30, 1996 included in the accompanying management assertion. Management is responsible for the Division's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Division's compliance based on our examination. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Division's compliance with the minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Division's compliance with the minimum servicing standards. In our opinion, management's assertion that the Division complied with the aforementioned minimum servicing standards as of and for the nine months ending September 30, 1996 is fairly stated in all material respects. /s/ KPMG Peat Marwick LLP Philadelphia, PA December 23, 1996 (logo) Member Firm of KPMG EX-99.1(B) 3 ANNUAL INDEPENDENT ACCOUNTANTS' SERVICING REPORTS Deloitte & Touche LLP (logo) Suite 1800 Telephone: (501) 370-3600 111 Center Street Facsimile: (501) 374-4809 Little Rock, Arkansas 72201 Facsimile: (501) 375-7817 INDEPENDENT ACCOUNTANTS' REPORT To LSI Financial Group: We have examined management's assertion about LSI Financial Group's compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS ("USAP") as of and for the year ended December 31, 1996, included in the accompanying management assertion. Management is responsible for LSI Financial Group's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the entity's compliance based on our examination. Our examination was made in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about LSI Financial Group's compliance with the minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on LSI Financial Group's compliance with the minimum servicing standards. In our opinion, management's assertion that LSI Financial Group complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 1996, is fairly stated, in all material respects. /s/ Deloitte & Touche LLP March 21, 1997 DELOITTE TOUCHE TOHMATSU INTERNATIONAL EX-99.2(A) 4 REPORT OF MANAGEMENT December 23, 1996 (logo) EDS Consumer Asset Management Division of Electronic Data Systems Corporation Management Report The management of the Consumer Asset Management Division of Electronic Data Systems Corporation (the Division) has the responsibility for the Division's compliance with the minimum servicing standards in the Mortgage Bankers Association of America's UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS (the USAP) for the nine months ended September 30, 1996 and for establishing and maintaining an effective internal control structure over compliance. In addition, as of and for the same period noted above, the Division had in effect a fidelity bond and errors and omissions policy in the amount of $ 10,000,000. Management has performed an evaluation of the Division's compliance with the requirements and for the period referred to above. Based on this assessment, management asserts that the division has complied with the minimum servicing requirements in the USAP for the nine months ended September, 1996. Sincerely, /s/ Samuel C. Brenize Samuel C. Brenize Executive Vice President Consumer Asset Management Division EX-99.3(B) 5 ANNUAL STATEMENT OF COMPLIANCE (logo) LSI FINANCIAL GROUP April 25, 1997 Frances Okougbo Norwest Corporate Trust 11000 Brokenland Parkway Columbia MD 21044 RE: Servicing Agreement dated October 1, 1995, between Norwest Bank Minnesota, National Association ("Trustee") and LSI Financial Group ("Servicer") for Equicon Mortgage Loan Trust 1995-2 Dear Ms. Okougbo, A review of the activities of the Servicer during the preceding calendar year and of its performance under the above referenced agreement has been made under my supervision and pursuant to Section 3.16 of the Servicing Agreement. To the best of my knowledge, based on such review, the Servicer has fulfilled all its obligations. Sincerely, /s/ Timothy S. Sambrano Timothy S. Sambrano President c: Ms. Sylvia Borchert 17500 Chenal Parkway Suite 200 Little Rock, Arkansas 72211-9131 -----END PRIVACY-ENHANCED MESSAGE-----