-----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, F/7Vi4zVxQhnntzgcADyXOzVUKhknowa2QQuVXDw5B0LFXcvfpTburGQ6jiySjgD VJnY4f1TBq7MVqUDtYjhMg== 0001056404-99-000758.txt : 19991221 0001056404-99-000758.hdr.sgml : 19991221 ACCESSION NUMBER: 0001056404-99-000758 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19991220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORWEST ASSET SEC CORP MORT PASS THRU CERT SERI 1998-5 TRUST CENTRAL INDEX KEY: 0001059031 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: SEC FILE NUMBER: 333-45021-01 FILM NUMBER: 99777312 BUSINESS ADDRESS: STREET 1: C/O NORWEST BANK MINNESOTA N A STREET 2: 1100 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842000 MAIL ADDRESS: STREET 1: C/O NORWEST BANK MINNESOTA N A STREET 2: 1100 BROKEN LAND PARKWAY 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, 1998 or / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.: 333-45021-01 Norwest Asset Securities Corporation Mortgage Pass-Through Certificates Series 1998-5 Trust (Exact name of registrant as specified in its charter) New York 52-2084370, 52-2084369 (State or other jurisdiction (I.R.S. Employer of incorporation or Identification No.) organization) c/o Norwest Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, Maryland 21044 (Address of principal executive offices) (ZIP Code) Registrant's telephone number, including area code: (410) 884-2000 Securities to be registered pursuant to Section 12(b) of the Act: NONE Securities to be 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 25, 1999, on behalf of Norwest Asset Securities Corporation Mortgage Pass-Through Certificates Series 1998-5 Trust established pursuant to a Pooling and Servicing Agreement among NORWEST ASSET SECURITIES CORPORATION (Seller) and NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION (Master Servicer) and UNITED STATES TRUST COMPANY OF NEW YORK (Trustee) and FIRST UNION NATIONAL BANK (Trust Administrator), pursuant to which the Norwest Asset Securities Corporation Mortgage Pass-Through Certificates Series 1998-5 Trust 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 Independent Accountants' Servicing Reports concerning servicing activities for the year ended December 31, 1998. a) FIRST UNION MTG CORP b) FT MTG COMPANIES c) HUNTINGTON MTG CO d) NATIONAL CITY MTG CO e) NORWEST MTG INC f) SUN TRUST MTG INC (99.2) Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 1998. a) FIRST UNION MTG CORP b) FT MTG COMPANIES c) HUNTINGTON MTG CO d) NATIONAL CITY MTG CO e) NORWEST MTG INC f) SUN TRUST MTG INC (99.3) Annual Statements of Compliance under the Pooling and Servicing Agreements for the year ended December 31, 1998. a) FIRST UNION MTG CORP b) FT MTG COMPANIES c) HUNTINGTON MTG CO d) NATIONAL CITY MTG CO e) NORWEST MTG INC f) SUN TRUST MTG INC (99.4) Aggregate Statement of Principal and Interest Distributions to Certificate Holders. (b) On October 6, 1998, November 10, 1998, and December 8, 1998, reports on Form 8-K were filed by the Company 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) Not applicable. (d) Omitted. Filed herewith. Previously filed. 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: Norwest Asset Securities Corporation Mortgage Pass-Through Certificates Series 1998-5 Trust Signed: Norwest Bank Minnesota, N.A., as Master Servicer By: Sherri J. Sharps, Vice President By: /s/ Sherri J. Sharps, Vice President Dated: December 15, 1999 Exhibit Index Exhibit No. 99.1 Annual Independent Accountants' Servicing Reports concerning servicing activities for the year ended December 31, 1998. a) FIRST UNION MTG CORP b) FT MTG COMPANIES c) HUNTINGTON MTG CO d) NATIONAL CITY MTG CO e) NORWEST MTG INC f) SUN TRUST MTG INC 99.2 Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 1998. a) FIRST UNION MTG CORP b) FT MTG COMPANIES c) HUNTINGTON MTG CO d) NATIONAL CITY MTG CO e) NORWEST MTG INC f) SUN TRUST MTG INC 99.3 Annual Statements of Compliance under the Pooling and Servicing Agreements for the year ended December 31, 1998. a) FIRST UNION MTG CORP b) FT MTG COMPANIES c) HUNTINGTON MTG CO d) NATIONAL CITY MTG CO e) NORWEST MTG INC f) SUN TRUST MTG INC 99.4 Aggregate Statement of Principal and Interest Distributions to Certificate Holders. Filed herewith. Previously filed. EX-99.1(A) 2 ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (logo) KPMG Suite 2800 Two First Union Center Charlotte, NC 28282-8290 Independent Accountants' Report The Board of Directors First Union Mortgage Corporation: We have examined management's assertion about First Union Mortgage Corporation's (a wholly-owned subsidiary of First Union Corporation) compliance with the minimum servicing standards set forth 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, 1998 included in the accompanying management assertion. Management is responsible for First Union Mortgage Corporation's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about First Union Mortgage Corporation'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 First Union Mortgage Corporation'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 First Union Mortgage Corporation's compliance with the minimum servicing standards. In our opinion, management's assertion that First Union Mortgage Corporation complied in all material respects with the aforementioned minimum servicing standards as of and for the year ended December 31, 1998 is fairly stated, in all material respects. KPMG March 26, 1999 (logo) EX-99.1(B) 3 ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT ARTHUR ANDERSEN LLP (logo) REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS To the Stockholder of FT Mortgage Companies: We have examined management's assertion about FT Mortgage Companies' (the "Company") compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers (USAP) and that the Company had in effect a fidelity bond policy in the amount of $70,000,000 and an errors and omissions policy in the amount of $50,000,000 as of and for the year ended December 31,1998, included in the accompanying management assertion letter. Management is responsible for the Company's compliance with those minimum servicing standards and for maintaining a fidelity bond and errors and omissions policy. Our responsibility is to express an opinion on management's assertion about the Company's compliance with the minimum servicing standards and maintenance of a fidelity bond and errors and omissions policy 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 Company'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 Company's compliance with the minimum servicing standards. In our opinion, except for the matters disclosed therein, management's assertion that the Company complied with the aforementioned minimum servicing standards and that the Company had in effect a fidelity bond policy in the amount of $70,000,000 and an errors and omissions policy in the amount of $50,000,000 as of and for the year ended December 31, 1998, is fairly stated, in all material respects. Arthur Andersen, LLP Memphis, Tennessee, February 12, 1999. EX-99.1(C) 4 ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO) ERNST& YOUNG LLP One Columbus 10 West Broad Street Columbus, Ohio 43215-3400 Phone: 614 224 5678 Fax: 614 222 3939 Report of Independent Accountants Board of Directors The Huntington Mortgage Company We have examined management's assertion, included in the accompanying report titled Report of Management, that The Huntington Mortgage Company (HMC), a wholly-owned subsidiary of The Huntington National Bank, complied with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers (USAP) during the year ended December 31, 1998. Management is responsible for HMC's compliance with those requirements. Our responsibility is to express an opinion on management's assertion about HMC's compliance based on our examination. Our examination was conducted in accordance with standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about HMC's compliance with those requirements 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 HMC's compliance with specified requirements. In our opinion, management's assertion that HMC complied with the aforementioned requirements during the year ended December 31, 1998 is fairly stated, in all material respects. ERNST& YOUNG LLP March 10, 1999 20 Ernst &Young LLP is a member of Ernst &Young International, Ltd. EX-99.1(D) 5 ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO) ERNST & YOUNG LLP 1300 Huntington Building 925 Euclid Avenue Cleveland, Ohio 44115-1405 Phone: 216 861 5000 Report on Management's Assertion on Compliance with Minimum Servicing Standards Set Forth in the Uniform Single Attestation Program for Mortgage Bankers Report of Independent Accountants Board of Directors National City Mortgage Co. We have examined management's assertion, included in the accompanying report titled Report of Management, that National City Mortgage Co. (NCM) complied with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers (USAP) during the year ended December 31, 1998. Management is responsible for NCM's compliance with those requirements. Our responsibility is to express an opinion on management's assertions about NCM'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 NCM's compliance with those requirements 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 NCM's compliance with specified requirements. In our opinion, management's assertion, that NCM complied with the aforementioned requirements during the year ended December 31, 1998, is fairly stated, in all material respects. Ernst &Young LLP January 29, 1999 Ernst &Young LLP is a member of Ernst &Young International, Ltd. EX-99.1(E) 6 ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO) KPMG Peat Marwick LLP 2500 Ruan Center RO. Box 772 Des Moines, IA 50303 INDEPENDENT AUDITORS' REPORT The Board of Directors Norwest Mortgage, Inc.: We have examined management's assertion about Norwest Mortgage Banking'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, 1998, included in the accompanying management assertion. Management is responsible for Norwest Mortgage Banking'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 Norwest Mortgage Banking'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 Norwest Mortgage Banking's compliance with the minimum servicing standards. In our opinion, management's assertion that Norwest Mortgage Banking complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 1998, is fairly stated, in al1 material respects. KPMG Peat Marwick LLP January 19, 1999 EX-99.1(F) 7 ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO) ARTHUR ANDERSEN LLP REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS To SunTrust Mortgage, Inc.: We have examined management's assertion about SUNTRUST MORTGAGE, INC.'S compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Banks ("USAP") and that the Company, had in effect a fidelity bond and errors and omissions policy in the amounts of $100,000,000 and $20,000,000, respectively, as of and for the year ended December 31, 1998, included in the accompanying management assertion. Management is responsible for the Company's compliance with those minimum servicing standards and for maintaining a fidelity bond and errors and omissions policy. Our responsibility is to express an opinion on management's assertion about the entity's compliance with the minimum servicing standards and maintenance of a fidelity bond and errors and omissions policy 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 Company'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 of the Company's compliance with the minimum servicing standards. In our opinion, management's assertion that the Company complied with the aforementioned minimum servicing standards and that the Company had in effect a fidelity bond and errors and omissions policy in the amounts of $100,000,000 and $20,000,000, respectively, as of and for the year ended December 31, 1998 is fairly stated in all material respects. ARTHUR ANDERSEN LLP Atlanta, Georgia February 3, 1999 EX-99.2(A) 8 REPORT OF MANAGEMENT First Union Mortgage Corporation 201 South College Street Charlotte North Carolina 28288 704 374-6787 (logo) MANAGEMENT'S ASSERTION As of and for the year ended December 31, 1998, First Union Mortgage Corporation has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers. First Union Mortgage Corporation had in effect a fidelity bond policy in the amount of $100 million for the period from January I, 1998 to May 31, 1998 and a fidelity bond policy in the amount of $200 million for the period from June 1, 1998 to December 31, 1998. As of and for the year ended December 31, 1998, First Union Mortgage Corporation had in effect an errors and omissions policy in the amount of $20 million. Karin Patrick, Senior Vice President March 26, 1999 Date Debbie Craig, Senior Vice President March 26, 1999 Date Debbie Warren, President March 26, 1999 Date EX-99.2(B) 9 REPORT OF MANAGEMENT (logo) FT Mortgage Companies 2974 LBJ FREEWAY DALLAS, TX 75234 ATLANTIC COAST MORTGAGE CARL I. BROWN MORTGAGE MNC MORTGAGE HOMEBANC MORTGAGE FIRST TENNESSEE MORTGAGE SUNBELT NATIONAL MORTGAGE 972 484-5600 Arthur Andersen L.L.P. 100 Peabody Place, Suite 1100 Memphis, TN 38103-3625 Dear Sirs: As of and for the year ended December 31, 1998, FT Mortgage Companies and its wholly-owned subsidiary, First Tennessee Mortgage Services, Inc. (the "Company") has complied in all material respects, except for the matters disclosed in Exhibit I, with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers. As of and for this same period, the Company had in effect a fidelity bond policy in the amount of $70,000,000 and an errors and omissions policy in the amount of $50,000,000. Gary B. Klinger Chief Financial Officer February 12, 1999 EXHIBIT I Matter #1: The Company is required to maintain a loan servicing file for each of the loans it services. During an inventory of files in prior years, the Company noted several missing files. The situation reported in the prior year still exists. Management Corrective Action The Company maintains collateral documentation files with the document custodians. For the existing portfolio, internal loan servicing files will be recreated as necessary. During 1998, the Company implemented imaging technology which will substantially reduce loss of internal documents in the future. Matter #2: The Company is required to analyze escrow balances for all loans on an annual basis. Testing in prior years revealed a group of loans on which an escrow analysis had not been performed in the preceding 12 months. The situation reported in the prior year still exists. Management Corrective Action Management controls this process through a weekly review of loans requiring escrow analysis and feels the procedures provide proper control. In some cases, loans may be excluded from analysis for a period of time. For example, analysis is not conducted on loans 30 or more days delinquent. Once cured, RESPA permits 60 additional days for completion of analysis. In addition, a "stop" can be placed on a loan pending resolution or a customer research inquiry. EX-99.2(C) 10 REPORT OF MANAGEMENT The Huntington Mortgage Company 7575 Huntington Park Drive Columbus, Ohio 43235 (logo) Report of Management We, as members of management of The Huntington Mortgage Company (HMC), a wholly-owned subsidiary of The Huntington National Bank, are responsible for complying with the minimum servicing standards as set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers (USAP). We are also responsible for establishing and maintaining effective internal control over compliance with these standards. We have performed an evaluation of HMC's compliance with the minimum servicing standards as set forth in the USAP as of December 3l, 1998 and for the year then ended. Based on this evaluation, we assert that during the year ended December 3l, 1998, HMC complied, in all material respects, with the minimum servicing standards set forth in the USAP. As of and for this same period, HMC had in effect a fidelity bond in the amount of $40,000,000 and an errors and omissions policy in the amount of $10,000,000. Thomas J. Finnegan III President and Chief Executive Officer Irving A. Adler Senior Vice President March 10, 1999 EX-99.2(D) 11 REPORT OF MANAGEMENT (LOGO) National City Mortgage Co. 3232 Newmark Drive Miamisburg, Ohio 45342 Telephone (937) 436-3025 Mailing Address: P.O. Box 1820 Dayton, Ohio 45401-1820 Management's Assertion on Compliance with Minimum Servicing Standards Set Forth in the Uniform Single Attestation Program for Mortgage Bankers Report of Management As a member of management of National City Mortgage Co. (NCM), I am responsible for complying with the minimum servicing standards as set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers (USAP). I am also responsible for establishing and maintaining effective internal control over compliance with these standards. I have performed an evaluation of NCM's compliance with the minimum servicing standards as set forth in the USAP as of December 31, 1998 and for the year then ended. Based on this evaluation, I assert that during the year ended December 31, 1998, NCM complied, in all material aspects, with the minimum servicing standards set forth in the USAP. As of and for this same period, NCM had in effect a fidelity bond policy in the amount of $50 million and an errors and omissions policy in the amount of $40 million. T. Jackson Case Jr. Sr. Vice President January 29, 1999 No one Cares More! EX-99.2(E) 12 REPORT OF MANAGEMENT (LOGO) Norwest Mortgage, Inc. Home Campus Des Moines, IA 50328 515/221- 7300 Management Assertion As of, and for the year ended December 31, 1998, Norwest Mortgage Banking has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers. As of, and for the same period, Norwest Mortgage Banking had in effect a fidelity bond along with an errors and omissions policy in the amounts of $100 million and $20 million, respectively. Mark C. Oman Chairman and Chief Executive Officer January 19, 1999 Date Robert K. Chapman Executive Vice President and Chief Financial Officer January 19, 1999 Date Mike Heid Executive Vice President Loan Servicing January 19, 1999 Date EX-99.2(F) 13 REPORT OF MANAGEMENT SunTrust Mortgage, Inc. Mail Code CC-502 P.O. Box 4333 Atlanta, GA 30302 Tel (770) 352-5610 Fax (770) 352-5832 Ralph B. Carrigan President, Chief Operating Officer SUNTRUST (LOGO) February 3, 1999 Arthur Andersen LLP 133 Peachtree Street, NE Atlanta, Georgia 30303 Dear Sirs: As of and for the year ended December 31, 1998, SunTrust Mortgage, Inc. has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers. As of and for this same period, SunTrust Mortgage, Inc. had in effect a fidelity bond and errors and omissions policy in the amounts of $100,000,000 and $20,000,000 respectively. Sincerely, Ralph B. Carrigan President/COO RBC/amg EX-99.3(A) 14 ANNUAL STATEMENT OF COMPLIANCE First Union Mortgage Corporation NC4755 Operational & Regulatory Risk Division P. O. Box 900001 Raleigh, North Carolina 27675-9001 1100 Corporate Center Drive Raleigh, North Carolina 27607-5066 (logo) Norwest Bank Minnesota N.A. Investor Numbers A07 First Union CRA Mortgage Loan Trust 1997-1 CERTIFICATION OF COMPLIANCE The undersigned, an officer of First Union Mortgage Corporation ("FUMC") hereby certifies as follows: A review of the activities of FUMC during the preceding year with respect to performance under this Agreement has been made under such Officer's supervision; and (1) To the best of such Officer's knowledge the servicing has been conducted in compliance with the Agreement(s) except for immaterial exceptions or other exceptions set forth in such statement; and (2) To the best of such Officer's knowledge based on such review, there is no default by FUMC in the fulfillment of any of its obligations under this Agreement, or if there is any such default known to such Officer, specifying each such default and the nature and status thereof. In witness whereof the undersigned has executed this Certificate of Compliance this 12th day of May, 1999. FIRST UNION MORTGAGE CORPORATION By: Joseph F. DeDominicis Vice President EVENTS OF DEFAULT (if any) EX-99.3(B) 15 ANNUAL STATEMENT OF COMPLIANCE ANNUAL SERVICING CERTIFICATION In connection with the loans serviced by FT Mortgage Companies during fiscal year December 31, 1998, we confirm the following to be materially correct and accurate to the best of our knowledge, information and belief: 1. Real estate taxes, special assessments and any charges that may become a lien upon the property and which come due in the last calendar year have been paid. This also includes the verification with taxing authorities for non-escrowed mortgages. 2. FHA insurance premiums or private mortgage insurance premiums, if applicable, have been paid and are in full force and effect. 3. Properties are adequately insured and your interest, as Mortgagee, is properly provided for in the mortgage clause. This includes both flood and hazard insurance. 4. For those loans being escrowed for the payment of taxes and insurance, sufficient amounts are being collected monthly to provide for payment of future items. 5. Property inspections have been completed according to the provisions of our servicing agreement, if applicable. 6. All other provisions of the servicing agreement have been adhered to. 7. To the extent there exist any exceptions to the foregoing that are deemed to be material in nature, such exception(s) will be recited in an Exhibit attached hereto and accompanied by an explanation thereof. In the event no Exhibit is attached hereto, it is to be presumed that no exceptions of a material nature to the foregoing exist. By: (Signature) Linda Williams (Printed Name) Vice President, Escrow Services (Title) March 31, 1999 (Date) EX-99.3(C) 16 ANNUAL STATEMENT OF COMPLIANCE (logo) The Huntington Mortgage Company 7575 Huntington Park Drive Columbus, Ohio 43235 Norwest Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 12044-3562 Attention: Master Servicing RE: Officer's Certificate Dear Master Servicer: The undersigned Officer certifies the following for the 1998 fiscal year: (A) I have reviewed the activities and performance of the Servicer during the preceding fiscal year under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide and to the best of these Officers' knowledge, the Servicer has fulfilled all of its duties, responsibilities or obligations under these Agreements throughout such year, or if there has been a default or failure of the servicer to perform any of such duties, responsibilities or obligations, a description of each default or failure and the nature and status thereof has been reported to Norwest Bank Minnesota, N.A.; (B) I have confirmed that the Servicer is currently an approved FNMA or FHLMC servicer in good standing; (C) I have confirmed that the Fidelity Bond, the Errors and Omissions Insurance Policy and any other bonds required under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide are in full force and effect; (D) All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if applicable) and Primary Mortgage Insurance Policy (if applicable), with respect to each Mortgaged Property, have been paid and that all such insurance policies are in full force and effect; (E) All real estate taxes, governmental assessments and any other expenses accrued and due, that if not paid could result in a lien or encumbrance on any Mortgaged Property, have been paid, or if any such costs or expenses have not been paid with respect to any Mortgaged Property, the reason for the non-payment has been reported to Norwest Bank Minnesota, N.A.; (F) All Custodial Accounts have been reconciled and are properly funded; and (G) All annual reports of Foreclosure and Abandonment of Mortgage Property required per section 6050H, 6050J and 6050P of the Internal Revenue Code, respectively, have been prepared and filed. Certified By: Bradford C. Northcraft Officer Vice President Title EX-99.3(D) 17 ANNUAL STATEMENT OF COMPLIANCE (LOGO) National City Mortgage National City Mortgage Co.. 3232 Newmark Drive Miamisburg Ohio 45342 Telephone (937) 910-1200 Norwest Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044-3562 Attention: Master Servicing RE: Officer's Certificate Dear Master Servicer:. The undersigned Officer certifies the following for the 1998 fiscal year: (A) I have reviewed the activities and performance of the Servicer during the preceding fiscal year under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide and to the best of these Officers' knowledge, the Servicer has fulfilled all of its duties, responsibilities or obligations under these Agreements throughout such year, or if there has been a default or failure of the servicer to perform any of such duties, responsibilities or obligations, a description of each default or failure and the nature and status thereof has been reported to Norwest Bank Minnesota, N.A.; (B) I have confirmed that the Servicer is currently an approved FNMA or FHLMC servicer in good standing; (C) I have confirmed that the Fidelity Bond, the Errors and Omissions Insurance Policy and any other bonds required under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide are in full force and effect; (D) All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if applicable) and Primary Mortgage Insurance Policy (if applicable), with respect to each Mortgaged Property, have been paid and that all such insurance policies are in full force and effect; (E) All real estate taxes, governmental assessments and any other expenses accrued and due, that if not paid could result in a lien or encumbrance on any Mortgaged Property, have been paid, or if any such costs or expenses have not been paid with respect to any Mortgaged Property, the reason for the non-payment has been reported to Norwest Bank Minnesota, N.A.; (F) All Custodial Accounts have been reconciled and are properly funded; and (G) All annual reports of Foreclosure and Abandonment of Mortgage Property, required per section 6050H, 6050J and 6050P of the Internal Revenue Code, respectively, have been prepared and filed. Certified By: Officer Vice President Title 5/11/99 Date No one Cares More ! EX-99.3(E) 18 ANNUAL STATEMENT OF COMPLIANCE Norwest Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044-3562 Attention: Master Servicing RE: Officer's Certificate Dear Master Servicer:. The undersigned Officer certifies the following for the 1998 fiscal year:. (A) I have reviewed the activities and performance of the Servicer during the preceding fiscal year under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide and to the best of these officers' knowledge, the Servicer has fulfilled all of its duties, responsibilities or obligations under these Agreements throughout such year, or if there has been a default or failure of the servicer to perform any of such duties, responsibilities or obligations, a description of each default or failure and the nature and status thereof has been reported to Norwest Bank Minnesota, N.A.; (B) I have confirmed that the Servicer is currently an approved FNMA or FHLMC servicer in good standing; (C) I have confirmed that the Fidelity Bond, the Errors and Omissions Insurance Policy and any other bonds required under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide are in full force and effect; (D) All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if applicable) and Primary Mortgage Insurance Policy (if applicable), with respect to each Mortgaged Property, have been paid and that all such insurance policies are in full force and effect; (E) All real estate taxes, governmental assessments and any other expenses accrued and due, that if not paid could result in a lien or encumbrance on any Mortgaged Property, have been paid, or if any such costs or expenses have not been paid with respect to any Mortgaged Property, the reason for the non-payment has been reported to Norwest Bank Minnesota, N.A.; (F) All Custodial Accounts have been reconciled and are properly funded; and (G) All annual reports of Foreclosure and Abandonment of Mortgage Property required per section 6050H, 6050J and 6050P of the Internal Revenue Code, respectively, have been prepared and filed. Certified By: Officer Vice President Title 4/2/99 Date EX-99.3(F) 19 ANNUAL STATEMENT OF COMPLIANCE (LOGO) Norwest Banks Norwest Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044-3562 Attention: Master Servicing RE: Officer's Certificate Dear Master Servicer: The undersigned Officer certifies the following for the 1998 fiscal year: (A) I have reviewed the activities and performance of the Servicer during the preceding fiscal year under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide and to the best of these Officers' knowledge, the Servicer has fulfilled all of its duties, responsibilities or obligations under these Agreements throughout such year, or if there has been a default or failure of the servicer to perform any of such duties, responsibilities or obligations, a description of each default or failure and the nature and status thereof has been reported to Norwest Bank Minnesota, N.A.; (B) I have confirmed that the Servicer is currently an approved FNMA or FHLMC servicer in good standing; (C) I have confirmed that the Fidelity Bond, the Errors and Omissions Insurance Policy and any other bonds required under the terms of the Servicing Agreement, Trust Agreement, Pooling and Servicing Agreement and/or Seller/Servicer Guide are in full force and effect; (D) All premiums for each Hazard Insurance Policy, Flood Insurance Policy (if applicable) and Primary Mortgage Insurance Policy (if applicable), with respect to each Mortgaged Property, have been paid and that all such insurance policies are in full force and effect; (E) All real estate taxes, governmental assessments and any other expenses accrued and due, that if not paid could result in a lien or encumbrance on any Mortgaged Property, have been paid, or if any such costs or expenses have not been paid with respect to any Mortgaged Property, the reason for the non-payment has been reported to Norwest Bank Minnesota, N.A.; (F) All Custodial Accounts have been reconciled and are properly funded; and (G) All annual reports of Foreclosure and Abandonment of Mortgage Property required per section 6050H, 6050J and 6050P of the Internal Revenue Code, respectively, have been prepared and filed. Certified By: Officer VICE PRESIDENT-MANAGER OF SUN TRUST MORTGAGE INC. JULY 27, 1999 Date -----END PRIVACY-ENHANCED MESSAGE-----