-----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, QpPht6VYg3QZEpMYNH4PD1m2nCVwBHOI4k3jyOEejqPk/VdGUeok5/BJWEX8cY0p 8FsPXDIjaKza+L6rE2anzQ== 0000950144-02-000161.txt : 20020413 0000950144-02-000161.hdr.sgml : 20020413 ACCESSION NUMBER: 0000950144-02-000161 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011217 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MID-STATE HOMES INC CENTRAL INDEX KEY: 0001065694 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 590945134 STATE OF INCORPORATION: FL FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-58995 FILM NUMBER: 2504184 BUSINESS ADDRESS: STREET 1: 1500 NORTH DALE MABRY HIGHWAY CITY: TAMPA STATE: FL ZIP: 33607 BUSINESS PHONE: 8138714811 MAIL ADDRESS: STREET 1: 1500 NORTH DALE MABRY HIGHWAY CITY: TAMPA STATE: FL ZIP: 33607 8-K 1 g73618e8-k.txt MID-STATE TRUST X SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event report DECEMBER 17, 2001) ----------------- Mid-State Trust X (Issuer in respect of Mid-State Trust X Asset-Backed Bonds (Exact name of registrant as specified in its charter) Delaware 333-64896 59-0945134 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) ID Number) c/o First Union National Bank, 401 South Tryon Street-NC1179 Charlotte, NC 28288 - -------------------------------------------------------------------------------- (Address of principal executive officer) Registrant's Telephone Number, including area code: (704) 383-9568 - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5 See the monthly statement to Bondholders attached as Exhibit 20.1 hereto reflecting the required information for the DECEMBER 17, 2001 payment to the Mid-State Trust X Asset-Backed Bonds. Item 7 Financial Statements and Exhibits Item 601 (a) of Regulation S-K Exhibit Number 20.1 Monthly statement to holders of the Mid-State Trust X Asset-Backed Bonds reflecting the DECEMBER 17, 2001 Payment Date. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the Mid-State Trust X Asset-Backed Bonds by the undersigned thereunto duly authorized. FIRST UNION NATIONAL BANK, As Indenture Trustee and on behalf of Mid-State Trust X Asset-Backed Bonds By: \s\ Robert Ashbaugh Name: Robert Ashbaugh Title: Vice President Dated: DECEMBER 31, 2001 Exhibit Index 20.1 Monthly statement to holders of Mid-State Trust X Asset-Backed Bonds relating to the DECEMBER 17, 2001 Payment Date. EX-20.1 3 g73618ex20-1.txt MONTHLY STATEMENT MID-STATE TRUST X RECORD DATE: 11/30/01 [FIRST UNION LOGO] PREVIOUS DISTRIBUTION: 11/15/01 PAYMENT DATE STATEMENT DISTRIBUTION DATE: 12/17/01
CERTI- ORIGINAL BEGINNING OPTIMAL REAL- ENDING FICATE CERTIFICATE CERTIFICATE PRINCIPAL IZED TOTAL CERTIFICATE CLASS CUSIP RATE BALANCE BALANCE INTEREST AMOUNT LOSS DISTRIBUTION BALANCE - ------------------------------------------------------------------------------------------------------------------------------------ A-1 59549RAA2 6.130% 160,000,000.00 159,141,416.62 812,947.40 422,963.37 0.00 1,235,910.77 158,718,453.25 Factors Per Thousand 994.63385388 5.08092125 2.64352106 7.72444231 991.99033281 A-2 59549RAB0 5.940% 103,620,000.00 103,063,824.07 510,165.93 273,988.59 0.00 784,154.52 102,789,835.48 Factors Per Thousand 994.63254266 4.92343109 2.64416705 7.56759815 991.98837560 M-1 59549RAC8 6.280% 49,040,000.00 48,777,772.56 255,270.34 129,180.93 0.00 384,451.27 48,648,591.63 Factors Per Thousand 994.65278467 5.20534951 2.63419515 7.83954466 992.01858952 M-2 59549RAD6 6.770% 44,950,000.00 44,708,919.94 252,232.82 118,763.12 0.00 370,995.94 44,590,156.82 Factors Per Thousand 994.63670612 5.61140868 2.64211613 8.25352481 991.99458999 B 59549RAE4 7.540% 36,800,000.00 36,603,329.42 229,990.92 96,885.69 0.00 326,876.61 36,506,443.73 Factors Per Thousand 994.65569076 6.24975326 2.63276332 8.88251658 992.02292745 - ------------------------------------------------------------------------------------------------------------------------------------ TOTALS 394,410,000.00 392,295,262.61 2,060,607.41 1,041,781.70 0.00 3,102,389.11 391,253,480.91 - ------------------------------------------------------------------------------------------------------------------------------------
FIRST UNION NATIONAL BANK ROBERT ASHBAUGH STRUCTURED FINANCE TRUST SERVICES VICE PRESIDENT 401 SOUTH TRYON STREET, 12TH FLOOR PHONE: 704-383-9568 CHARLOTTE, NORTH CAROLINA 28288-1179 FAX: 704-383-6039 MID-STATE TRUST X RECORD DATE: 11/30/01 [FIRST UNION LOGO] PREVIOUS DISTRIBUTION: 11/15/01 PAYMENT DATE STATEMENT DISTRIBUTION DATE: 12/17/01 SCHEDULE OF REMITTANCE Collections as of the end of the Related Due Period 2,831,538.56 Investment Earnings 3,620.46 Capitalized Interest Shortfall 222,216.08 Pre-Funding Interest Earnings 52,084.63 Interest Reserve Account Earnings 2,019.64 Issuer Expenses 0.00 ------------ TOTAL AVAILABLE FUNDS: 3,111,479.37 ============ FEES (*)Servicer Fee 176,097.00 Trustee Fee 2,778.76 Custody Fee 1,407.79 Standby Servicer Fee 4,903.69 Owner Trustee Fee 0.00 CT Corporation 0.00 Carlton Fields 0.00 ------------ TOTAL FEES: 9,090.24 ============
(*)Servicer Fee is withheld by Servicer prior to distribution COLLATERAL INFORMATION Aggregate Beginning Economic Balance of Loans 352,194,588.73 Aggregate Ending Economic Balance of Loans 370,428,492.35 Capitalized Interest Account 228,275.74 Cumulative Actual Net Economic Losses 0.00 Cumulative Unreimbursed Realized Losses 0.00 Interest Reserve Account 2,043,524.85 Issuer Expenses due to be paid 0.00 Issuer Expenses paid 0.00 Issuer Release 0.00 Overcollaterization Amount 14,131,351.29 Overcollaterization Target Amount 14,304,673.95 Pre-Funding Account 34,956,339.84 Prepayments - (Economic Balance) 1,215,104.38 Purchases during period 255 19,449,008.00
Class Interest Prorata Shortfall Percentage Paid A-1 0.00 100.00% A-2 0.00 100.00% M-1 0.00 100.00% M-2 0.00 100.00% B 0.00 100.00%
DELINQUENT INFORMATION # LOANS ECONOMIC BALANCE Delinquent 0-30 Days 4,953 354,187,674.25 Delinquent 31-60 Days 148 10,235,370.38 Delinquent 61-90 Days 55 3,599,101.50 Delinquent 91+ Days 32 2,406,346.22 Loans in Foreclosure and Bankruptcy (*),(**) 1 53,121.24 REO Property 1 41,589.93
(*) figures included in above Delinquency numbers (**) Economic Balance FIRST UNION NATIONAL BANK ROBERT ASHBAUGH STRUCTURED FINANCE TRUST SERVICES VICE PRESIDENT 401 SOUTH TRYON STREET, 12TH FLOOR PHONE: 704-383-9568 CHARLOTTE, NORTH CAROLINA 28288-1179 FAX: 704-383-6039 MID-STATE TRUST X RECORD DATE: 11/30/01 [FIRST UNION LOGO] PAYMENT DATE STATEMENT DISTRIBUTION DATE: 12/17/01 0.00 0.00 0.00 0.00 FIRST UNION NATIONAL BANK ROBERT ASHBAUGH STRUCTURED FINANCE TRUST SERVICES VICE PRESIDENT 401 SOUTH TRYON STREET, 12TH FLOOR PHONE: 704-383-9568 CHARLOTTE, NORTH CAROLINA 28288-1179 FAX: 704-383-6039 -----END PRIVACY-ENHANCED MESSAGE-----