-----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, IyqNm1h1EVXp/UZpBlgtkwS/okpT7g3MjSOFjcbQl8j0f6HfSwIReRK/dpS4iA76 +fNH3tkngPLVvNCFrdorfQ== 0001056404-01-000280.txt : 20010421 0001056404-01-000280.hdr.sgml : 20010421 ACCESSION NUMBER: 0001056404-01-000280 CONFORMED SUBMISSION TYPE: 10-K/A PUBLIC DOCUMENT COUNT: 46 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20010419 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORWEST ASSET SEC CORP MORT PASS THR CERT SER 1999 2 TRUST CENTRAL INDEX KEY: 0001080912 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 522154930 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K/A SEC ACT: SEC FILE NUMBER: 333-65481-05 FILM NUMBER: 1606061 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PKWY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842248 MAIL ADDRESS: STREET 1: 11000 BROKEN LAND PKWY CITY: COLUMBIA STATE: MD ZIP: 21044 10-K/A 1 0001.txt 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, 1999 or / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.: 333-65481-05 Norwest Asset Securities Corporation Mortgage Pass-Through Certificates, Series 1999-2 Trust (Exact name of registrant as specified in its charter) New York 52-2154930 (State or other jurisdiction (I.R.S. Employer of incorporation or Identification No.) organization) c/o Wells Fargo 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 24, 2000, on behalf of Norwest Asset Securities Corporation Mortgage Pass-Through Certificates Series 1999-2 Trust established pursuant to the Pooling and Servicing Agreement among Norwest Asset Securities Corporation as Seller, Wells Fargo Bank Minnesota, N.A. as Master Servicer, United States Trust Company Of New York as Trustee, and First Union National Bank as Trust Administrator pursuant to which the Norwest Asset Securities Corporation Mortgage Pass-Through Certificates Series 1999-2 Trust registered under the Securities Act of 1933 (the "Certificates") were issued. Item 14 of the original Form 10K is amended in its entirety to read 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, 1999. a) Banknorth b) Bancoklahoma Mtg c) Bank of America FSB (VA) d) Bank United e) Beverly National Bank f) Countrywide Funding g) First Union Mtg Corp h) GMAC Mortgage Corp i) Hibernia National Bank j) Homeside Lending Inc (FL) k) HSBC Bank, USA l) Huntington Mtg Co m) Merrill Lynch Mtg Corp n) National City Mtg Co o) Norwest Mtg Inc p) Sun Trust Mtg Inc q) Washington Mutual Inc (99.2) Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 1999. a) Banknorth b) Bancoklahoma Mtg c) Bank of America FSB (VA) d) Bank United e) Beverly National Bank f) Countrywide Funding g) First Union Mtg Corp h) GMAC Mortgage Corp i) Hibernia National Bank j) Homeside Lending Inc (FL) k) HSBC Bank, USA l) Huntington Mtg Co m) Merrill Lynch Mtg Corp n) National City Mtg Co o) Norwest Mtg Inc p) Sun Trust Mtg Inc q) Washington Mutual Inc (99.3) Annual Statements of Compliance under the Pooling and Servicing Agreements for the year ended December 31, 1999. a) Banknorth b) Bancoklahoma Mtg c) Bank of America FSB (VA) d) Bank United e) Beverly National Bank f) Countrywide Funding g) First Union Mtg Corp h) GMAC Mortgage Corp i) Hibernia National Bank j) Homeside Lending Inc (FL) k) HSBC Bank, USA l) Huntington Mtg Co m) Merrill Lynch Mtg Corp n) National City Mtg Co o) Norwest Mtg Inc p) Sun Trust Mtg Inc q) Washington Mutual Inc (99.4) Aggregate Statement of Principal and Interest Distributions to Certificate Holders. (b) On October 8, 1999, November 4, 1999, and December 10, 1999, 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. Such document is not filed herewith since such document was not received by the reporting person. 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: Norwest Asset Securities Corporation Mortgage Pass-Through Certificates, Series 1999-2 Trust Signed: Wells Fargo Bank Minnesota, N.A., as Master Servicer By: Sherri Sharps, Vice president By: /s/ Sherri Sharps, Vice president Dated: April 6, 2001 Exhibit Index Exhibit No. 99.1 Annual Independent Accountants' Servicing Reports concerning servicing activities for the year ended December 31, 1999. a) Banknorth b) Bancoklahoma Mtg c) Bank of America FSB (VA) d) Bank United e) Beverly National Bank f) Countrywide Funding g) First Union Mtg Corp h) GMAC Mortgage Corp i) Hibernia National Bank j) Homeside Lending Inc (FL) k) HSBC Bank, USA l) Huntington Mtg Co m) Merrill Lynch Mtg Corp n) National City Mtg Co o) Norwest Mtg Inc p) Sun Trust Mtg Inc q) Washington Mutual Inc 99.2 Report of Management as to Compliance with Minimum Servicing Standards for the year ended December 31, 1999. a) Banknorth b) Bancoklahoma Mtg c) Bank of America FSB (VA) d) Bank United e) Beverly National Bank f) Countrywide Funding g) First Union Mtg Corp h) GMAC Mortgage Corp i) Hibernia National Bank j) Homeside Lending Inc (FL) k) HSBC Bank, USA l) Huntington Mtg Co m) Merrill Lynch Mtg Corp n) National City Mtg Co o) Norwest Mtg Inc p) Sun Trust Mtg Inc q) Washington Mutual Inc 99.3 Annual Statements of Compliance under the Pooling and Servicing Agreements for the year ended December 31, 1999. a) Banknorth b) Bancoklahoma Mtg c) Bank of America FSB (VA) d) Bank United e) Beverly National Bank f) Countrywide Funding g) First Union Mtg Corp h) GMAC Mortgage Corp i) Hibernia National Bank j) Homeside Lending Inc (FL) k) HSBC Bank, USA l) Huntington Mtg Co m) Merrill Lynch Mtg Corp n) National City Mtg Co o) Norwest Mtg Inc p) Sun Trust Mtg Inc q) Washington Mutual Inc 99.4 Aggregate Statement of Principal and Interest Distributions to Certificate Holders. Filed herewith. Previously filed. Such document is not filed herewith since such document was not received by the reporting person. EX-99.1(A) 2 0002.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO) KPMG 99 High Street Boston, MA 02110-2371 Telephone 617 988 1000 Fax 617 988 0800 Independent Auditors' Report on Uniform Single Attestation Program for Mortgage Bankers The Board of Directors Peoples Heritage Financial Group, Inc.: We have examined management's assertion about Family Bank, FSB, and its wholly owned subsidiary Peoples Heritage Mortgage ("the Bank's") compliance 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 year ended December 31, 1999 included in the accompanying management assertion. Management is responsible for the Bank's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Bank'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 Bank'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 Bank's compliance with the minimum servicing standards. In our opinion, management's assertion that, except for the noncompliance described below, the Bank complied in all material respects with the aforementioned minimum servicing standards as of and for the year ended December 31, 1999 is fairly stated, in all material respects. As discussed in management's assertion, the following instances of noncompliance were reported as of December 31, 1998 but were resolved as of December 31, 1999: 1. USAP states that reconciliations shall be prepared on a monthly basis for all custodial bank accounts and related bank clearing accounts. The reconciliation shall be prepared within forty-five (45) calendar days after the cutoff date and reconciling items shall be resolved within ninety (90) calendar days of their original identification. The Bank had several Principal and Interest and Taxes and Insurance custodial accounts that were not reconciled timely throughout the year. Since accounts were not reconciled timely, there were many reconciling items that did not get cleared within 90 days of identification. 2. USAP states that funds of the servicing entity shall be advanced in cases where there is an overdraft in an investors' or mortgagors' account. Throughout 1998, the Bank had investors' custodial accounts where funds were not advanced to cover overdrafts. 3. USAP states that taxes and insurance payments shall be made on or before the penalty or insurance policy expiration dates, as indicated on the tax bills and insurance premium notices, respectively, provided that such support has been received by the servicing entity at least thirty (30) calendar days prior to these dates. The Bank had several tax and insurance payments that were not paid on a timely basis, mostly from September through December, 1998. 4. USAP states that adjustments on ARM loans shall be computed based on the related mortgage note and any ARM rider. The Bank had several ARM loans that were not being computed properly. KPMG LLP January 18,2000 EX-99.1(C) 3 0003.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO) Pricewaterhouse Coopers Pricewaterhouse Coopers LLP Bank of America Corporate Center 100 N. Tryon Street Suite 5400 Charlotte NC 28202 Telephone (704)344 7500 REPORT OF INDEPENDENT ACCOUNTANTS February 28, 2000 To the Board of Directors and Shareholder of Bank of America, N.A. We have examined management's assertion about compliance by BA Mortgage, LLC and the Mortgage division of Bank of America, N.A.(collectively, the "Company"), which together comprise an operating division of Bank of America, N.A., with the minimum servicing standards (the "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, 1999 included in the accompanying management assertion, attached hereto as Exhibit I. Management is responsible for the Company's compliance with the Standards. Our responsibility is to express an opinion on management's assertion about the Company'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 Company's compliance with the 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 Standards. In our opinion, management's assertion that, except as indicated in Exhibit I, the Company complied with the aforementioned Standards as of and for the year ended December 31,1999 is fairly stated, in all material respects. Pricewaterhouse Coopers LLP EX-99.1(D) 4 0004.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO) KPMG 700 Louisiana Houston, TX 77002 Telephone 713 319 2000 Fax 713 319 2041 Independent Accountants' Report The Board of Directors Bank United: We have examined management's assertion about Bank United and subsidiaries (the Bank) compliance 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 year ended September 30, 1999, included in the accompanying Management Assertion. Management is responsible for the Bank's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Bank'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 Bank'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 Bank's compliance with the minimum servicing standards. In our opinion, management's assertion that the Bank has complied in all material respects with the aforementioned minimum servicing standards as of and for the year ended September 30, 1999, is fairly stated, in all material respects. KPMG LLP October 26,1999 EX-99.1(E) 5 0005.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT Shatswell,MacLeod & Company, P.C. Certified Public Accountants 83 Pine Street West Peabody, Massachusetts 01960-3835 Telephone (978)535-0208 Fassimile (978) 535-9908 To the Board of Directors Beverly National Bank Beverly, Massachusetts Independent Auditors Report We have examined management's assertion about Beverly National Bank'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, 1999 included in the accompanying management assertion. Management is responsible for Beverly National Bank'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 Beverly National Bank'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 Beverly National Bank's compliance with the minimum servicing standards. In our opinion, management's assertion that Beverly National Bank complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 1999 is fairly stated, in all material respects. SHATSWELL, MacLEOD & COMPANY, P.C. January 6, 2000 EX-99.1(F) 6 0006.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT Accountants and Management Consultants The US Member Firm of Grant Thornton International (LOGO) Grant Thornton GRANT THORNTON LLP REPORT OF INDEPENDENT ACCOUNTANTS ON MANAGEMENT'S ASSERTION ON COMPLIANCE WITH MINIMUM SERVICING STANDARDS SET FORTH IN THE UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS Board of Directors Countrywide Credit Industries, Inc. We have examined management's assertion about Countrywide Credit Industries, Inc. and Subsidiaries (which includes its wholly-owned subsidiary, Countrywide Home Loans, Inc.) ("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) as of and for the year ended February 29, 2000 included in the accompanying management assertion. Management is responsible for the Company'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 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, management's assertion that Countrywide Credit Industries, Inc. and Subsidiaries (which includes its wholly-owned subsidiary, Countrywide Home Loans, Inc.) complied with the aforementioned minimum servicing standards as of and for the year ended February 29, 2000 is fairly stated, in all material respects. Grant Thornton LLP Los Angeles, California March 24, 2000 Suite 700 1000 Wilshire Blvd. Los Angeles, CA 90017-2464 Tel: 213 627-1717 Fax: 213 624-6793 EX-99.1(G) 7 0007.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO) KPMG 401 South Tryon Street Suite 2300 Charlotte, NC 28202-1911 Independent Accountants' Report The Board of Directors First Union Mortgage Corporation: We have examined management's assertion, included in the accompanying management assertion, that First Union Mortgage Corporation (a wholly-owned subsidiary of First Union Corporation) complied 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, 1999. 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 attestation 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, 1999 is fairly stated, in all material respects. KPMG LLP February 11, 2000 KPMG LLP.KPMG LLP, a U.S. limited liability partnership, is a member of KPMG International, a Swiss association EX-99.1(H) 8 0008.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO) PRICEWATERHOUSECOOPERS PricewaterhouseCoopers LLP 650 Third Avenue South Park Building Suite 1300 Minneapolis MN 55402-4333 Telephone (612) 596 6000 Facsimile (612) 373 7160 Report of Independent Accountants To the Board of Directors and Stockholder of GMAC Mortgage Corporation: We have examined management's assertion about GMAC Mortgage Corporation and its subsidiaries' (the "Company") compliance with the minimum servicing standards ("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, 1999 included in the accompanying management assertion (see Exhibit I). Management is responsible for the Company'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 the Company's compliance with the 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 standards. In our opinion, management's assertion that the Company complied with the aforementioned standards as of and for the year ended December 31, 1999 is fairly stated, in all material respects. PricewaterhouseCoopers LLP March 8,2000 EX-99.1(J) 9 0009.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT KPMG (LOGO) Suite 2700, Independent Square One Independent Drive P.O. Box 190 Jacksonville, FL 32201-0190 Independent Auditors' Report The Board of Directors HomeSide Lending, Inc.: We have examined management's assertion about HomeSide Lending, Inc. and subsidiaries' (the Company's) compliance with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers and that the Company had in effect a fidelity bond and errors and omissions policy in the amount of $76 million and $20 million, respectively, as of and for the year ended September 30, 1999, included in the accompanying management assertion letter dated December 17, 1999. Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company'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 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, management's assertion that HomeSide Lending, Inc. and subsidiaries has complied in all material respects with the aforementioned minimum servicing standards and that the Company had in effect a fidelity bond and errors and omissions policy in the amount of $76 million and $20 million, respectively, as of and for the year ended September 30, 1999 is fairly stated, in all material respects. December 17, 1999 KPMG LLP EX-99.1(K) 10 0010.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT KPMG (LOGO) 12 Fountain Plaza, Suite 601 Buffalo, NY 14202 Independent Accountants' Report The Board of Directors HSBC Bank USA: We have examined management's assertion about HSBC Mortgage Corporation (USA)'s 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, 1999 included in the accompanying Management Assertion. Management is responsible for HSBC Mortgage Corporation (USA)'s compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company'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 HSBC Mortgage Corporation (USA)'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 HSBC Mortgage Corporation (USA)'s compliance with the minimum servicing standards. In our opinion, management's assertion that HSBC Mortgage Corporation (USA) has complied in all material respects with the aforementioned minimum servicing standards as of and for the year ended December 31, 1999 is fairly stated, in all material respects. Buffalo, New York February 8, 2000 KPMG LLP EX-99.1(L) 11 0011.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (logo) ERNST & YOUNG Ernst & Young LLP One Columbus 10 West Broad Street Columbus, Ohio 43215-3400 Phone: (614)224-5678 Fax: (614)2243939 www.ey.com 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, 1999. 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 attestation 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, 1999 is fairly stated, in all material respects. This report is intended solely for the information and use of the board of directors, management, Federal Home Loan Mortgage Corporation, Federal National Mortgage Association, HMC's private investors and is not intended to be and should not be used by anyone other than these specified parties. Ernst & Young LLP March 8,2000 Ernst and Young LLP is a member of Ernst Young International, Ltd. EX-99.1(M) 12 0012.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT Deloitte & Touche (LOGO) Deloitte & Touche LLP Suite 2801 One Independent Drive Jacksonville, Florida 32202-5034 Telephone: (904) 665-1400 Facsimile: (904) 355-9104 INDEPENDENT ACCOUNTANTS' REPORT ON MANAGEMENT'S ASSERTION ABOUT COMPLIANCE WITH UNIFORM SINGLE ATTESTATION PROGRAM REQUIREMENTS Merrill Lynch Credit Corporation and subsidiaries: We have examined management's assertion about Merrill Lynch Credit Corporation and subsidiaries' (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) as of and for the fiscal year ended December 31, 1999, included in the accompanying management assertion. Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company'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 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, management's assertion that Merrill Lynch Credit Corporation and subsidiaries complied with the aforementioned minimum servicing standards as of and for the fiscal year ended December 31, 1999 is fairly stated, in all material respects. Deloitte & Touche February 25, 2000 Deloitte Touche Tohmatsu EX-99.1(N) 13 0013.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO)ERNST & YOUNG Ernst & Young LLP 1300 Huntington Building 925 Euclid Avenue Cleveland, Ohio 44115-1405 Phone: (216) 861-5000 www. ey. com 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, 1999. 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, 1999, is fairly stated, in all material respects. This report is intended solely for the information and use of the audit committee, management, Federal Home Loan Mortgage Corporation, Federal National Mortgage Association, Government National Mortgage Association and NCM private investors and is not intended to be and should not be used by anyone other than these specified parties. February 3, 2000 Ernst & Young LLP Ernst & Young LLP is a member of Ernst & Young International, Ltd. EX-99.1(O) 14 0014.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO) KPMG 2500 Ruan Center 666 Grand Avenue Des Moines, IA 50309 INDEPENDENT ACCOUNTANTS' 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, 1999, 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, 1999, is fairly stated, in all material respects. January l8,2000 KPMG LLP EX-99.1(P) 15 0015.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO)ARTHUR ANDERSEN 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 $28,500,000, respectively, as of and for the year ended December 31, 1999, 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 on 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 $28,500,000, respectively, as of and for the year ended December 31, 1999 is fairly stated in all material respects. Arthur Andersen LLP Atlanta, Georgia February 10,2000 EX-99.1(Q) 16 0016.txt ANNUAL INDEPENDANT ACCOUNTANT'S SERVICING REPORT (LOGO) Deloitte & Touche Deloitte & Touche LLP 700 Fifth Avenue, Suite 4500 Seattle, Washington 98104-5044 Telephone: (206) 292-1800 Facsimile: (206) 343-7809 INDEPENDENT ACCOUNTANTS' REPORT ON COMPLIANCE WITH UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS Audit Committee of the Board of Directors Washington Mutual, Inc. Seattle, Washington We have examined management's assertion about Washington Mutual, lnc.'s (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) as of and for the year ended December 31, 1999, included in the accompanying management assertion. Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company'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 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, management's assertion that Washington Mutual, Inc. complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 1999, is fairly stated, in all material respects. Deloitte & Touche LLP February 25,2000 Deloitte Touche Tohmatsu (Logo) EX-99.2(C) 17 0017.txt REPORT OF MANAGEMENT (LOGO) Bank of America Bank of America Corporation 100 North Tryon Street Charlotte, NC 28255 Tel 704.386.5000 Exhibit I MANAGEMENT'S ASSERTION CONCERNING COMPLIANCE WITH THE USAP MINIMUM SERVICING STANDARDS February 28, 2000 As of and for the year ended December 31, 1999, except as specifically noted below, BA Mortgage, LLC and the Mortgage division of Bank of America, N.A. (collectively, the "Company"), which together comprise an operating division of Bank of America, N.A., has complied in all material respects with the minimum servicing standards (the "Standard(s)") set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP"). During the year ended December 31, 1999, the Company's Louisville, Kentucky servicing operations continued to experience significant changes as a result of the acquisition of Boatmen's National Mortgage, Inc. ("Boatmen's"). As a result, certain instance of noncompliance with the Standards occurred. Except as specifically noted, the following instance of noncompliance have been remedied and procedural enhancements continue to be implemented. Standard: Custodial bank account and related bank clearing account reconciliations shall be prepared within forty-five (45) calendar days after the cutoff date and documented reconciling items shall be resolved from these reconciliations within ninety (90) calendar days of their original identification. Certain reconciling items which arose prior to December 31, 1999, and occurred solely in custodial accounts related to certain real estate mortgage investment conduits acquired from Boatmen's, were not cleared within 90 days of identification. Management has taken appropriate measures and has continued to follow an action plan to resolve all outstanding reconciling items which arose during the year ended December 31, 1999. All significant reconciling items which arose from January 1, 1999 through December 31, 1999 have been isolated and reviewed by the Company, and the Company believes these items will not have a material impact on the status of any custodial accounts. Management has taken definitive actions and implemented procedures and controls to address and correct the instance of noncompliance which occurred during 1999. As of and for the year ended December 31, 1999, the Company was covered by Bank of America Corporation's fidelity bond insurance coverage and mortgage servicing errors and omissions insurance coverage in the amounts of $275,000.000 and $275,000,000, respectively. Andrew D. Woodward, Jr. Chairman Bank of America Mortgage Daniel F. Hellams President Bank of America Mortgage Denise C. Sawyer Chief Financial Officer Bank of America Mortgage Gary K. Bettin Loan Administration Executive Bank of America Mortgage J. Mark Hanson Senior Vice President Bank of America Mortgage H. Randall Chesnut Senior Vice President Bank of America Mortgage Donald J. Atkins Executive Vice Presideat Bank of America Mortgage EX-99.2(D) 18 0018.txt REPORT OF MANAGEMENT 3200 Southwest Freeway Houston, Texas 77027-7528 P.O. Box 1370 Houston, Texas 77251-1370 Telephone 713/543-6500 (LOGO) BANK UNITED Management Assertion As of and for the year ended September 30, 1999, Bank United and subsidiaries' (the "Bank") 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 year, the Bank had in effect a fidelity bond and errors and omissions policy in the amount of $40,000,000 and $25,000,000, respectively. Anthony J. Nocella CFO & Vice Chairman October 26, 1999 Jonathan K. Heffron COO, Executive Vice President and General Counsel October 26, 1999 EX-99.2(E) 19 0019.txt REPORT OF MANAGEMENT BEVERLY NATIONAL BANK EARNING YOUR TRUST SINCE 1802 240 Cabot Street, Beverly, Massachusetts 01915-4588 (978)922-2100 (LOGO) BEVERLY BANK Member FDIC As of and for the year ended December 31, 1999, Beverly National Bank 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, Beverly National Bank had in effect a fidelity bond policy in the amount of $4,000,000 and an erors and omissions policy in the amount of $3,000,000. Peter Simonsen Senior V.P.&C.F.O name and title Peter E. Simonsen February 15, 2000 date Cummings Center * North Beverly Shopping Plaza * South Hamilton * Topsfield EX-99.2(F) 20 0020.txt REPORT OF MANAGEMENT (LOGO)Countrywide 4500 PARK GRANADA CALABASAS, CALIFORNIA 91302 (818) 225-3000 March 24, 2000 Grant Thornton LLP 1000 Wilshire Boulevard, Suite 700 Los Angeles, CA 90017 Gentlemen: As of and for the year ended February 29, 2000, Countrywide Credit Industries, Inc. and Subsidiaries (which includes its wholly-owned subsidiary, Countrywide Home Loans, Inc.) ("the Company") has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation for Mortgage Bankers. As of and for this same period, the Company had in effect a fidelity bond and errors and omissions policy in the amount of $30,000,000. Carlos M. Garcia Managing Director-Finance Chief Financial Officer and Chief Accounting Officer (P:\gt\2000\3-23-00 USAP) EX-99.2(G) 21 0021.txt REPORT OF MANAGEMENT First Union Mortgage Corporation NC1087 201 South College Street Charlotte, North Carolina 28244-1087 704 374-6787 (LOGO) FIRST UNION MANAGEMENT'S ASSERTION As of and for the year ended December 31, 1999, 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. As of and for the year ended December 31, 1999, First Union Mortgage Corporation had in effect a fidelity bond and errors and omissions policy in the amount of $200 million and $20 million, respectively. Debra M. Warren, President / Chief Executive Officer February 11, 2000 Date Debbie Craig, Senior Vice President / Chief Financial Officer February 11, 2000 Date Karin Patrick, Senior Vice President / Director of Servicing February 11, 2000 Date Joesph F. DeDomincis, Vice President / Operational and Credit Risk Manager February 11, 2000 Date EX-99.2(H) 22 0022.txt REPORT OF MANAGEMENT GMAC Mortgage Corporation 100 Witmer Road P.O. Box 963 Horsham, PA 19044-0963 Exhibit 1 (LOGO) GMAC Mortgage Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards March 8, 2000 As of and for the year ended December 31, 1999, GMAC Mortgage Corporation and its subsidiaries (the "Company") have complied in all material respects with the minimum servicing standards (the "Standards") set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP"), except as specifically noted below. During 1999, the Company experienced significant changes as a result of recent portfolio acquisitions. As a consequence, noncompliance with one of the Standards was noted, as follows. Standard: Reconciling items noted on custodial bank account and related bank clearing account reconciliations shall be resolved within ninety (90) calendar days of their original identification. During 1999, reconciling items related to custodial bank accounts were not always cleared within 90 days of identification. As of December 31, 1999, the Company has resolved all significant outstanding reconciling items and has enhanced its procedures to monitor and resolve reconciling items within 90 days of identification, as required by the Standards. As of and for this same period, the Company had in effect fidelity bond and errors and omissions policy in the amounts of $150,000,000 and $50,000,000, respectively. R. Michael O'Brien President & Chief Executive Officer David M. Applegate Chief Operating Officer Edward D. Hughes Senior Vice President of Servicing Adminstration EX-99.2(J) 23 0023.txt REPORT OF MANAGEMENT (LOGO) HOMESIDE LENDING, INC. Management Assertion Letter As of and for the year ended September 30, 1999, HomeSide Lending, 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, HomeSide Lending had in effect a fidelity bond and errors and omissions policy in the amount of $76 million and $20 million, respectively. William Glasgow,Jr. Executive Vice President December 17, 1999 EX-99.2(K) 24 0024.txt REPORT OF MANAGEMENT HSBC (LOGO) Management Assertion As of and for the year ended December 31, 1999, HSBC Mortgage Corporation (USA) 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, HSBC Mortgage Corporation (USA) had in effect fidelity bond and errors and omissions policies in the amount of $550,000,000 and $50,000,000 respectively. David J. Hunter President Daniel B. Duggan SVP,Secondary Marketing Susan Wojnar SVP, Mortgage Servicing HSBC Mortgage Corporation (USA) 2929 Walden Avenue, Depew, NY 14043 EQUAL HOUSING LENDER (Logo) EX-99.2(L) 25 0025.txt REPORT OF MANAGEMENT (logo) Huntington Mortgage Company 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 31, 1999 and for the year then ended. Based on this evaluation, we assert that during the year ended December 31, 1999, 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 $60,000,000 and an errors and omissions policy in the amount of $12,000,000. Thomas J. Finnegan III President and Chief Executive Officer Irving A. Adler Senior Vice President March 8, 2000 EX-99.2(M) 26 0026.txt REPORT OF MANAGEMENT Merrill Lynch Credit Corporation Private Client Group (LOGO)Merrill Lynch 4802 Deer Lake Drive East Jacksonville, Florida 32246-6484 904 218 60OO 800 243 0058 February 25, 2000 Deloitte & Touche LLP 2801 Independence Drive Jacksonville, FL 32202 Ladies and Gentlemen: As of and for the year ended December 31, 1999, Merrill Lynch Credit Corporation and subsidiaries (the "Company") 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, the Company had in effect fidelity bond and errors and omissions insurance coverage in the amounts of $200,000,000 and $17,000,000 respectively. Michael A. Johnston Chairman, President/Chief Executive Officer Lee Lomax Senior Vice President EX-99.2(N) 27 0027.txt REPORT OF MANAGEMENT National City Mortgage National City Mortgage Co. 3232 Newmark Drive * Miamisburg, Ohio 45342 Telephone (937) 910-1200 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 We, as members of management of National City Mortgage Co. (NCM), 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 NCM's compliance with the minimum servicing standards as set forth in the USAP as of December 31, 1999 and for the year then ended. Based on this evaluation, we assert that during the year ended December 31, 1999, NCM complied, in all material respects, with the minimum servicing standards set forth in the USAP. As of and for this same period, NCM had in effect a fidelity bond and errors policy in the amount of $60 million and an omissions policy in the amount of $40 million. T. Jackson Case, Jr., Executive Vice President February 3, 2000 EX-99.2(O) 28 0028.txt REPORT OF MANAGEMENT (LOGO) NORWEST MORTGAGE Norwest Mortgage, Inc. Home Campus Des Moines, IA 50328 515/221 - 7300 Management Assertion As of, and for the year ended December 31, 1999, 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 $50 million and $10 million, respectively. Pete Wissinger President and Chief Operating Officer January 8, 2000 Date Robert K. Chapman Executive Vice President and Chief Financial Officer January 8, 2000 Date Mike Heid Executive Vice President Loan Servicing January 8, 2000 Date EX-99.2(P) 29 0029.txt REPORT OF MANAGEMENT Sun Trust Mortgage, Inc. Post Office Box 26149 Richmond, VA. 23260-6149 1-800-634-7928 (LOGO) SUNTRUST February 10,2000 Arthur Andersen LLP 133 Peachtree Street, NE Atlanta,GA 30303 Dear Sirs: As of and for the year ended December 31,1999,Sun Trust Mortgage,Inc. has complied in all materials 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, Sun Trust Mortgage,Inc. had in effect a fidelty bond and errors and ommissions policy in the amounts of $100,000,000 and $28,500,0000 respectively. Sincerely, Ralph B. Carrigan Executive Vice President EX-99.2(Q) 30 0030.txt REPORT OF MANAGEMENT Washington Mutal As of and for the 12 months ended December 31, 1999, Washington Mutual, Inc. (the "Company") 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, the Company had in effect a fidelity bond and errors and omissions policy in the amounts of $60 million and $15 million, respectively. (LOGO) Steven Freimuth David Imig Executive Vice President Senior Vice President Corporate Services Group Loan Servicing February 25, 2000 EX-99.3(A) 31 0031.txt ANNUAL STATEMENT OF COMPLIANCE (LOGO) Banknorth Mortgage Banknorth Mortgage 32 Chestnut Street Lewiston, ME 04240 tel:800-462-3666 fax:207-755-4501 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 1999 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: Jayne A Ulitas Officer Assistant Vice President Title 7-7-00 Date EX-99.3(B) 32 0032.txt ANNUAL STATEMENT OF COMPLIANCE (LOGO) BOk Mortgage 7060 South Yale Tulsa, Oklahoma 74136-5716 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 1999 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 Officer's 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 nonpayment 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: Cathy Bralter Officer Vice President Title 7-10-00 Date EX-99.3(C) 33 0033.txt ANNUAL STATEMENT OF COMPLIANCE (LOGO) Bank of America Bank of America Mortgage P.O. Box 26388 Richmond, Va. 23260-6388 October 3, 2000 Wells Fargo 11000 Broken Land Parkway Columbia, MD 21044-3562 Attn: Master Servicing Dear Master Servicer: The undersigned Officer certifies the following for the 1999 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 Officer's 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 Wells Fargo. (B) I have confirmed that the Servicer is currently an approved FNMA or FHLMC servicer in good standing; (C) I have confirmed 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, Floor Insurance Policy (if applicable)and Primary Mortgage Insurance Policy (if applicable), with respect to each Mortgage 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 expense accrued and due, that if not paid could result in a lien or encumbrance on any Mortgage 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 Wells Fargo. (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: Allen Cahill Operations Manager October 3,2000 EX-99.3(D) 34 0034.txt ANNUAL STATEMENT OF COMPLIANCE 3200 Southwest Freeway, Houston, Texas 77027 P.O. Box 2824, Houston, Texas 77252-2824 713/543-8675, 800/288-3223 Norwest Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia MD 21044-3562 Attention: Master Servicing (LOGO) BANK UNITED RE: Officer's Certificate Dear Master Servicer: The undersigned officer certifies the following for the 1999 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: Tyrone W. Crawley Vice President Title 7/6/00 Date EX-99.3(E) 35 0035.txt ANNUAL STATEMENT OF COMPLIANCE BEVERLY NATIONAL BANK EARNING YOUR TRUST SINCE 1802 240 Cabot Street, Beverly, Massachusetts 01915-4588 (978)922-2100 (LOGO) BEVERLY BANK Member FDIC Norwest Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, MD 21044-3562 RE: Officer's Certificate Dear Master Servicer: The undersigned Officer certifies the following for the 1999 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, responsibilites or obligations under these Agreements throughout such year, or if there has been a default or faliure of the servicer to perform any of such duties,responsibilites 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 Ommissions 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 lein or encumbrance on any Mortgaged Property, have been paid, or if any such costs or expenses have not ben 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 aree properly funded; and (G) All annual reports of Foreclosure and Abandonment of Mortgaged Property required per section 6050H, 6050J and 6050P of the Internal Revenue Code, respectively, have been prepared and filed. Certified By: Judith A. Zolla Officer Vice President Title 3/28/2000 Date Cummings Center * North Beverly Shopping Plaza * South Hamilton * Topsfield EX-99.3(F) 36 0036.txt ANNUAL STATEMENT OF COMPLIANCE Countrywide Home Loans (LOGO) 400 Countrywide Way Simi Valley, California 93065-6298 May 15, 2000 NORWEST BANK 11000 Broken Land Parkway Columbia, MD 21044-3562 Attn: Joe Scheffer OFFICER'S CERTIFICATE I, Joseph Candelario, hereby certify that I am the First Vice President, Loan Administration of Countrywide Home Loans, Inc., fka Countrywide Funding Corporation. I further certify, with respect to the Servicing Agreements for Countrywide Mortgage Obligations, Inc., the following: I have reviewed the activities and performance of the Servicer during the fiscal year ended February 29, 2000 under the Agreements and, to the best of my knowledge, based on my review, the Servicer has fulfilled all of its duties, responsibilities or obligations under the Agreements throughout the fiscal year. Joseph Candelario First Vice President Compliance Officer Loan Administration 5/17/00 Date EX-99.3(G) 37 0037.txt 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) FIRST UNION 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 1999 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: Joesph F. DeDominios Officer Vice President Title 3/30/2000 Date EX-99.3(H) 38 0038.txt ANNUAL STATEMENT OF COMPLIANCE GMAC Mortgage Corporation 500 Enterprise Road Suite 150 P.O. Box 969 Horsham, PA 19044-0969 (LOGO) GMAC Mortgage March 31, 2000 RE: Officer's Certificate Dear Master Servicer: The undersigned Officer certifies the following for the 1999 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 Assistant Vice President Title March 29, 2000 Date EX-99.3(J) 39 0039.txt ANNUAL STATEMENT OF COMPLIANCE (LOGO) HOMESIDE LENDING, INC. June 15, 2000 Mr. Erik F. Grooms Contracts & Compliance Administrator Norwest Bank Minnesota 11000 Broken Land Parkway Columbia, MD 21044-3562 Re: Officer's Certificate Dear Mr. Grooms: The undersigned Officer certifies the following for the 1999 fiscal year: * 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 this Officer's 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. * I have confirmed that the Servicer is currently an approved FNMA or FHLMC servicer in good standing. * 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. * 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, 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. * All Custodial Accounts have been reconciled and are properly funded. * 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. Finally, the Servicer Information profile is enclosed. The annual financial statement and evidence of insurance have previously been sent to various employees at Norwest. However, additional copies will be provided to Ms. Joan Merrill. Should you need anything further please contact Lynda M. Pohwat at (904)281-4705 or Impohwat@homeside.com. Sincerely, Karen Bryan Vice President lp encs. Post Office Box 44090, Jacksonville, FL 32231-4090 * 904-281-3000 EX-99.3(K) 40 0040.txt 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 1999 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 V.P. Title 3/30/00 Date EX-99.3(L) 41 0041.txt ANNUAL STATEMENT OF COMPLIANCE (Logo) HUNTINGTON MORTGAGE COMPANY 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 1999 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 July 7,2000 Date EX-99.3(M) 42 0042.txt ANNUAL STATEMENT OF COMPLIANCE Merrill Lynch Credit Corporation Private Client Group 4802 Deer Lake Drive East Jacksonville, Florida 32246-6484 904 928 6000 800 243 0058 OFFICERS' CERTIFICATE ANNUAL STATEMENT AS TO COMPLIANCE (LOGO) Merrill Lynch Re: Norwest Funding, Inc. ("Owner"), Merrill Lynch Credit Corporation ("Company"), Master Servicing Agreement dated as April 1, 1998 ("Agreement") Pursuant to the above Agreement, the Company hereby states: 1. A review of the activities of the Company during the 1999 calendar year and of its performance under the Agreement has been made under the supervision of each of the undersigned officers. 2. To the best of each such officer's knowledge, based on such review, the Company has fulfilled all of its material obligations under the Agreement in all material respects throughout such year, except with regard to the following matter: In connection with certain Mortgage Loans, the Company may have deducted interest, to which it was entitled, from certain principa1 prepayments, and applied the remainder of the prepayment to reduce the principal balance The related Notes contemplate that principal prepayments be applied to reduce the amount of principal owed under the Note, and that the borrower be subsequently billed for the interest owed. The practice has been discontinued. Dated: March 31, 2000 Merrill Lynch Credit Corporation By: Linzy S. Banks, Vice President Ira J. Ehrlich,Vice President EX-99.3(N) 43 0043.txt ANNUAL STATEMENT OF COMPLIANCE National City Mortgage March 14,2000 National City Mortgage Co. 3232 Newmark Drive * Miamisburg, Ohio 45342 Telephone (937) 910-1200 Mailing Address: P.O. Box 1820 Dayton, Ohio 45401-1820 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 1999 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 March 14, 2000 Date EX-99.3(O) 44 0044.txt ANNUAL STATEMENT OF COMPLIANCE (LOGO) NORWEST Norwest Home Improvement, Inc. 500 Riverhills Business Park Suite 590 Birmingham, Alabama 35242 205/991-9550 Norwest Bank Minnesota, N.A. l1000 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 1999 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 May 23, 2000 Date EX-99.3(P) 45 0045.txt ANNUAL STATEMENT OF COMPLIANCE SunTrust Mortgage, Inc. Post Office Box 26149 Richmond, VA 23260-6149 1-800-634-7928 SUN TRUST (LOGO) MTG PRTNRSHP FINANCE CORP C/O NORWEST BANK, MINN NA 11000 BROKEN LAND PARKWAY COLUMBlUA, MD. 21044 ATN: LN ACCTING DEPT. RE:ANNUAL SERVICING CERTIFICATION In connection with the loans serviced by SunTrust Mortgage Inc. for MTG PRTNRSHP FINANCE CORP, I, the undersigned officer, hereby certify the following as of December 31, 1999: * All real estate taxes, special assessments and any charges that may become a lien upon the property and which became due in the last calendar year have been paid. This also includes verification of payment with taxing authorities for non-impound accounts. * For those loans with escrow/impound accounts for the payment of taxes and insurance, sufficient amounts are being collected monthly to provide for payment of future amounts due. * All FHA insurance premiums or private mortgage insurance premiums,if applicable, have been paid and such coverage is in full force and effect. * All properties are adequately insured against casualty loss and, if applicable, flood loss and we are in possession of the original hazard insurance and flood insurance policies. * Fidelity Bond coverage of $100,000,000 and Errors and Ommissions coverage of $28,500,000 is adequate and in place and the applicable premiums have been paid. * All interest and/or monthly payment adjustments for ARM and GPM loans have been made in accordance with the mortgage terms. Timely and proper notice of such changes was provided to to the mortgagor. * All property inspections have been completed according to the provisions of our Servicing Agreement, if applicable. * The P&I custodial account and any clearing accounts are maintained in a depository institution the deposits of which are insured by the Bank Insurance Fund. The depository institution meets or exceeds the most recent financial rating requirements set forth by FNMA. * We have complied with all other provisions of the Servicing Agreement. * We are in compliance with IRS requirements and all federal, state, and local laws for reporting the receipt of interest, payment of fees, or acquisition of properties. * To the best of my knowledge and upon reasonable investigation, the servicing of the Mortgage Loans during the preceding year has been conducted in compliance with all other provisions of the Servicing Agreement(s)/Purchase and SaleAgreement(s) barring such exceptions as listed. Any exceptions to this certification are listed on an attachment along with explanations concerning their completion. If none are listed, it should be considered that there are no exceptions. BY: Deborah D. Mobley (signature) DATE: March 23,2000 Deborah D. Mobley, VP (name and title) EX-99.3(Q) 46 0046.txt ANNUAL STATEMENT OF COMPLIANCE (LOGO) Washington Mutal P.O. Box 1093 Northridge, CA 91328-1093 OFFICERS CERTIFICATE The undersigned Officer certifies the following for the 1999 fiscal year: A. I have reviewed the activities and performances 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 this Officers' knowledge, the Servicer has fulfilled all of its duties, responsibilities or obligations under these Agreements throughout such year. 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, government 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. All Custodial Accounts have been reconciled and are properly funded: and F. 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: John Mac Lean Vice President Title February 23, 2000 Date -----END PRIVACY-ENHANCED MESSAGE-----