EX-10.1 3 rm1psa.txt POOLING & SERVICING AGREEMENT RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC., Depositor, RESIDENTIAL FUNDING CORPORATION, Master Servicer, and DEUTSCHE BANK TRUST COMPANY AMERICAS Trustee POOLING AND SERVICING AGREEMENT Dated as of December 1, 2002 Mortgage Asset-Backed Pass-Through Certificates Series 2002-RM1
TABLE OF CONTENTS Page ARTICLE I DEFINITIONS..........................................................................4 Section 1.01 Definitions............................................................5 ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES...................................................56 Section 2.01 Conveyance of Mortgage Loans..........................................56 Section 2.02 Acceptance by Trustee.................................................61 Section 2.03 Representations, Warranties and Covenants of the Master Servicer and the Depositor.............................................................62 Section 2.04 Representations and Warranties of Residential Funding.................65 Section 2.05 Execution and Authentication of Certificates; Conveyance of Uncertificated Regular Interests.....................................................67 ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS...................................................................68 Section 3.01 Master Servicer to Act as Servicer....................................68 Section 3.02 Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of Subservicers' Obligations; Special Servicing...........69 Section 3.03 Successor Subservicers................................................71 Section 3.04 Liability of the Master Servicer......................................71 Section 3.05 No Contractual Relationship Between Subservicer and Trustee or Certificateholders....................................................71 Section 3.06 Assumption or Termination of Subservicing Agreements by Trustee.......72 Section 3.07 Collection of Certain Mortgage Loan Payments; Deposits to Custodial Account...............................................................72 Section 3.08 Subservicing Accounts; Servicing Accounts.............................74 Section 3.09 Access to Certain Documentation and Information Regarding the Mortgage Loans.................................................................76 Section 3.10 Permitted Withdrawals from the Custodial Account......................76 Section 3.11 Maintenance of Primary Insurance Coverage.............................78 Section 3.12 Maintenance of Fire Insurance and Omissions and Fidelity Coverage .....................................................................79 i Section 3.13 Enforcement of Due-on-Sale Clauses; Assumption and Modification Agreements; Certain Assignments.......................................80 Section 3.14 Realization Upon Defaulted Mortgage Loans.............................82 Section 3.15 Trustee to Cooperate; Release of Mortgage Files.......................86 Section 3.16 Servicing and Other Compensation; Compensating Interest...............87 Section 3.17 Reports to the Trustee and the Depositor..............................88 Section 3.18 Annual Statement as to Compliance.....................................88 Section 3.19 Annual Independent Public Accountants' Servicing Report...............89 Section 3.20 Right of the Depositor in Respect of the Master Servicer..............89 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS......................................................90 Section 4.01 Certificate Account...................................................90 Section 4.02 Distributions.........................................................90 Section 4.03 Statements to Certificateholders......................................98 Section 4.04 Distribution of Reports to the Trustee and the Depositor; Advances by the Master Servicer......................................................100 Section 4.05 Allocation of Realized Losses........................................102 Section 4.06 Reports of Foreclosures and Abandonment of Mortgaged Property........105 Section 4.07 Optional Purchase of Defaulted Mortgage Loans........................105 Section 4.08 Distributions on the Uncertificated REMIC I Regular Interests........106 Section 4.09 Surety Bond..........................................................107 ARTICLE V THE CERTIFICATES...................................................................108 Section 5.01 The Certificates.....................................................108 Section 5.02 Registration of Transfer and Exchange of Certificates................110 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates....................115 Section 5.04 Persons Deemed Owners................................................116 Section 5.05 Appointment of Paying Agent..........................................116 ARTICLE VI THE DEPOSITOR AND THE MASTER SERVICER..............................................117 Section 6.01 Respective Liabilities of the Depositor and the Master Servicer......117 Section 6.02 Merger or Consolidation of the Depositor or the Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer................117 Section 6.03 Limitation on Liability of the Depositor, the Master Servicer and Others ....................................................................118 Section 6.04 Depositor and Master Servicer Not to Resign..........................119 ii ARTICLE VII DEFAULT............................................................................120 Section 7.01 Events of Default....................................................120 Section 7.02 Trustee or Depositor to Act; Appointment of Successor................122 Section 7.03 Notification to Certificateholders...................................123 Section 7.04 Waiver of Events of Default..........................................123 ARTICLE VIII CONCERNING THE TRUSTEE.............................................................124 Section 8.01 Duties of Trustee....................................................124 Section 8.02 Certain Matters Affecting the Trustee................................126 Section 8.03 Trustee Not Liable for Certificates or Mortgage Loans................127 Section 8.04 Trustee May Own Certificates.........................................128 Section 8.05 Master Servicer to Pay Trustee's Fees and Expenses; Indemnification ....................................................................128 Section 8.06 Eligibility Requirements for Trustee.................................129 Section 8.07 Resignation and Removal of the Trustee...............................129 Section 8.08 Successor Trustee....................................................130 Section 8.09 Merger or Consolidation of Trustee...................................131 Section 8.10 Appointment of Co-Trustee or Separate Trustee........................131 Section 8.11 Appointment of Custodians............................................132 Section 8.12 Appointment of Office or Agency......................................132 ARTICLE IX TERMINATION OR OPTIONAL PURCHASE OF ALL CERTIFICATES...............................133 Section 9.01 Optional Purchase by the Master Servicer of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans ....................................................................133 Section 9.02 Additional Termination Requirements..................................136 ARTICLE X REMIC PROVISIONS...................................................................137 Section 10.01REMIC Administration.................................................137 Section 10.02Master Servicer, REMIC Administrator and Trustee Indemnification ....................................................................141 ARTICLE XI MISCELLANEOUS PROVISIONS...........................................................142 iii Section 11.01Amendment............................................................142 Section 11.02Recordation of Agreement; Counterparts...............................144 Section 11.03Limitation on Rights of Certificateholders...........................145 Section 11.04Governing Law........................................................146 Section 11.05Notices..............................................................146 Section 11.06Notices to Rating Agencies...........................................146 Section 11.07Severability of Provisions...........................................147 Section 11.08Supplemental Provisions for Resecuritization.........................147
Exhibit A-1 Form of Class [A-I] [A-II][A-III] Certificate Exhibit A-2 Form of Class AP Certificate Exhibit A-3 Form of Class AV Certificate Exhibit B Form of Class M Certificate Exhibit C Form of Class B Certificate Exhibit D Form of Class R Certificate Exhibit E Form of Custodial Agreement Exhibit F-1 Group I Loan Schedule Exhibit F-2 Group II Loan Schedule Exhibit F-3 Group III Loan Schedule Exhibit G Forms of Request for Release Exhibit H-1 Form of Transfer Affidavit and Agreement Exhibit H-2 Form of Transferor Certificate Exhibit I Form of Investor Representation Letter Exhibit J Form of Transferor Representation Letter Exhibit K Text of Amendment to Pooling and Servicing Agreement Pursuant to Section 11.01(e) for a Limited Guaranty Exhibit L Form of Limited Guaranty Exhibit M Form of Lender Certification for Assignment of Mortgage Loan Exhibit N Form of Rule 144A Investment Representation Exhibit O Form of ERISA Letter Exhibit P High Cost Loans Exhibit Q-1 Group I Discount Fractions Exhibit Q-2 Group II Discount Fractions iv This Pooling and Servicing Agreement, effective as of December 1, 2002, among RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC., as the depositor (together with its permitted successors and assigns, the "Depositor"), RESIDENTIAL FUNDING CORPORATION, as master servicer (together with its permitted successors and assigns, the "Master Servicer"), and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, as trustee (together with its permitted successors and assigns, the "Trustee"). PRELIMINARY STATEMENT: The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in thirty-one classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein). REMIC I As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Group I Loans and certain other related assets subject to this Agreement as a real estate mortgage investment conduit (a "REMIC") for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Certificates will represent the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC I Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC I (the "REMIC I Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC I Regular Interest shall be the Distribution Date following the last scheduled monthly payment of the Group I Mortgage Loans. None of the REMIC I Regular Interests will be certificated.
UNCERTIFICATED REMIC I LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-IA1 Variable(1) $105,791,281.32 December 25, 2017 LT-IA2 Variable(1) $102,754,000.00 December 25, 2017 LT-I-AV Variable(1) $ 0.00 December 25, 2017 LT-I-AP Variable(1) $ 844,448.00 December 25, 2017
_____________ (1) Calculated as provided in the definition of Uncertificated REMIC I Pass-Through Rate. REMIC II As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Group II Loans and certain other related assets subject to this Agreement as a real estate mortgage investment conduit (a "REMIC") for federal income 1 tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R- II Certificates will represent the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions (as defined herein) under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC II Pass- Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC II (the "REMIC II Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC II Regular Interest shall be the Distribution Date following the last scheduled monthly payment of the Group II Mortgage Loans. None of the REMIC II Regular Interests will be certificated. UNCERTIFICATED REMIC II LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-II Variable(1) $43,633,460.03 November 25, 2032 LT-II-AV Variable(1) $ 0.00 November 25, 2032 LT-II-AP Variable(1) $ 150,613.00 November 25, 2032 --------------- (1) Calculated as provided in the definition of Uncertificated REMIC II Pass-Through Rate. REMIC III As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Group III Loans and certain other related assets subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC III." The Class R-III Certificates will represent the sole class of "residual interests" in REMIC III for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC III Pass-Through Rate") and initial Uncertificated Principal Balance for the "regular interest" in REMIC III (the "REMIC III Regular Interest"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for the REMIC III Regular Interest shall be the Distribution Date following the last scheduled monthly payment of the Group III Mortgage Loans. The REMIC III Regular Interest will not be certificated. UNCERTIFICATED REMIC III LATEST POSSIBLE DESIGNATION PASS-THROUGH RATE PRINCIPAL BALANCE MATURITY DATE LT-III Variable(1) $92,931,252.16 November 25, 2032 (1) Calculated as provided in the definition of Uncertificated REMIC III Pass-Through Rate. 2 REMIC IV As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the REMIC I Regular Interests, the REMIC II Regular Interests and the REMIC III Regular Interests subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC IV." The Class R-IV Certificates will represent the sole class of "residual interests" in REMIC IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, remittance rate (the "Uncertificated REMIC IV Pass-Through Rate") and initial Uncertificated Principal Balance for each of the "regular interests" in REMIC IV (the "REMIC IV Regular Interests"). The "latest possible maturity date" (determined solely for purposes of satisfying Treasury regulation Section 1.860G-1(a)(4)(iii)) for each REMIC IV Regular Interest shall be the Distribution Date following the last scheduled monthly payment of the Mortgage Loans. None of the REMIC IV Regular Interests will be certificated.
Pass-Through Rate Aggregate Initial Features Maturity Date Initial Ratings Type Certificate-Principal Fitch Moody's Designation Balance Class A-I-1 Senior 5.50% $ 102,754,000.00 Senior December 25, 2017 AAA Aaa Class A-I-2 Senior 5.25% $ 102,754,000.00 Senior December 25, 2017 AAA Aaa Class A-I-3 Senior 0.25% $ 0.00 Senior/Interest Only December 25, 2017 AAA Aaa Class AP-I Senior 0.00% $ 844,448.00 Senior/Principal Only December 25, 2017 AAA Aaa Class AV-I Senior Variable Rate(1) $ 0.00 Senior/Interest Only December 25, 2017 AAA Aaa Class A-II Senior 6.00% $ 41,181,000.00 Senior November 25, 2032 AAA Aaa Class AP-II Senior 0.00% $ 150,613.00 Senior/Principal Only November 25, 2032 AAA Aaa Class AV-II Senior Variable Rate(2) $ 0.00 Senior/Interest Only November 25, 2032 AAA Aaa Class A-III Senior Variable Rate(3) $ 88,052,000.00 Senior November 25, 2032 AAA Aaa Class R-I Residual 5.50% $ 100.00 Senior/Residual December 25, 2017 AAA Aaa Class R-II Residual 6.00% $ 100.00 Senior/Residual November 25, 2032 AAA Aaa Class R-III Residual Variable Rate(3) $ 100.00 Senior/Residual November 25, 2032 AAA Aaa Class R-IV Residual 5.50% $ 100.00 Senior/Residual November 25, 2032 AAA Aaa Class M-I-1 Mezzanine 5.50% $ 1,047,800.00 Mezzanine December 25, 2017 AA Aa2 Class M-I-2 Mezzanine 5.50% $ 732,800.00 Mezzanine December 25, 2017 A A2 Class M-I-3 Mezzanine 5.50% $ 523,400.00 Mezzanine December 25, 2017 BBB Baa2 Class M-II-1 Mezzanine 6.00% $ 744,700.00 Mezzanine November 25, 2032 AA Aa2 Class M-II-2 Mezzanine 6.00% $ 569,100.00 Mezzanine November 25, 2032 A A2 3 Pass-Through Rate Aggregate Initial Features Maturity Date Initial Ratings Type Certificate-Principal Fitch Moody's Designation Balance Class M-II-3 Mezzanine 6.00% $ 437,800.00 Mezzanine November 25, 2032 BBB Baa2 Class M-III-1 Mezzanine Variable Rate(3) $ 1,533,600.00 Mezzanine November 25, 2032 AA Aa2 Class M-III-2 Mezzanine Variable Rate(3) $ 1,115,100.00 Mezzanine November 25, 2032 A A2 Class M-III-3 Mezzanine Variable Rate(3) $ 836,300.00 Mezzanine November 25, 2032 BBB Baa2 Class B-I-1 Subordinate 5.50% $ 209,300.00 Subordinate December 25, 2017 BB Ba2 Class B-I-2 Subordinate 5.50% $ 209,300.00 Subordinate December 25, 2017 B B2 Class B-I-3 Subordinate 5.50% $ 314,481.32 Subordinate December 25, 2017 N/R N/R Class B-II-1 Subordinate 6.00% $ 218,900.00 Subordinate November 25, 2032 BB Ba2 Class B-II-2 Subordinate 6.00% $ 131,300.00 Subordinate November 25, 2032 B B2 Class B-II-3 Subordinate 6.00% $ 350,560.03 Subordinate November 25, 2032 N/R N/R Class B-III-1 Subordinate Variable Rate(3) $ 464,600.00 Subordinate November 25, 2032 BB Ba2 Class B-III-2 Subordinate Variable Rate(3) $ 232,300.00 Subordinate November 25, 2032 B B2 Class B-III-3 Subordinate Variable Rate(3) $ 697,252.16 Subordinate November 25, 2032 N/R N/R
---------- (1) The Pass-Through Rate for the Class AV-I Certificates will be equal to the excess of the weighted average of the Net Mortgage Rate of each Group I Loans over 5.50%. (2) The Pass-Through Rate for the Class AV-II Certificates will be equal to the excess of the weighted average of the Net Mortgage Rate of each Group I Loans over 6.00%. (3) The Pass-Through Rate for the Class A-III, Class R-III, Class M-III-1, Class M-III-2, Class M-III-3, Class B-III-1, Class B-III-2 and Class B-III-3 Certificates is equal to the weighted average of the Net Mortgage Rates of the Group III Loans as described herein in the definition of "Pass-Through Rate". The Group I Loans have an aggregate Cut-off Date Principal Balance equal to approximately $209,389,729.32. The Group I Loans are fixed-rate, fully amortizing, first lien mortgage loans having terms to maturity at origination of generally not more than 15 years. The Group II Loans have an aggregate Cut-off Date Principal Balance equal to approximately $43,784,0733.03. The Group II Loans are fixed-rate, fully amortizing, first lien mortgage loans having terms to maturity at origination of generally not more than 30 years. The Group III Loans have an aggregate Cut-off Date Principal Balance equal to approximately $92,931,252.16. The Group III Loans are adjustable-rate, fully amortizing, first lien mortgage loans having terms to maturity at origination of generally not more than 30 years. In consideration of the mutual agreements herein contained, the Depositor, the Master Servicer and the Trustee agree as follows: ARTICLE I DEFINITIONS 4 Section 1.01 Definitions. Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the meanings specified in this Article. Accrued Certificate Interest: With respect to each Distribution Date, as to any Class of Certificates (other than the Class AP-I Certificates and Class AP-II Certificates), interest accrued during the preceding Interest Accrual Period at the related Pass-Through Rate on the Certificate Principal Balance or Notional Amount thereof immediately prior to such Distribution Date. Accrued Certificate Interest will be calculated on the basis of a 360-day year, consisting of twelve 30-day months. In each case Accrued Certificate Interest on any Class of Certificates (other than the Class AP-I Certificates and Class AP-II Certificates) will be reduced by the amount of: (i) Prepayment Interest Shortfalls on the Mortgage Loans in the related Loan Group (to the extent not offset by the Master Servicer with Compensating Interest as provided in Section 3.16(e)), (ii) the interest portion (adjusted to the Net Mortgage Rate (or the Modified Net Mortgage Rate in the case of a Modified Mortgage Loan in the related Loan Group)) of Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses and Extraordinary Losses on the Mortgage Loans in the related Loan Group, to the extent allocated to the related Certificates, (iii) the interest portion of Advances that were made with respect to delinquencies that were ultimately determined to be Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses or Extraordinary Losses on the Mortgage Loans in the related Loan Group to the extent allocated to the related Certificates, and (iv) any other interest shortfalls on the Mortgage Loans in the related Loan Group not covered by the subordination provided by the related Class M Certificates and related Class B Certificates, including interest that is not collectible from the Mortgagor pursuant to the Relief Act or similar legislation or regulations as in effect from time to time, with all such reductions allocated among all of the Certificates in proportion to their respective amounts of Accrued Certificate Interest payable on such Distribution Date absent such reductions. In addition to that portion of the reductions described in the preceding sentence that are allocated to any related Class of Class B Certificates or any related Class of Class M Certificates, Accrued Certificate Interest on such Class of Class B Certificates or such Class of Class M Certificates will be reduced by the interest portion (adjusted to the Net Mortgage Rate) of Realized Losses that are allocated solely to such Class of Class B Certificates or such Class of Class M Certificates pursuant to Section 4.05. 5 Addendum and Assignment Agreement: The Addendum and Assignment Agreement, dated as of January 31, 1995, between MLCC and the Master Servicer. Additional Collateral: Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan or (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee. Additional Collateral Loan: Each Mortgage Loan that is supported by Additional Collateral. Adjusted Mortgage Rate: With respect to any Mortgage Loan and any date of determination, the Mortgage Rate borne by the related Mortgage Note, less the rate at which the related Subservicing Fee accrues. Adjustment Date: As to each adjustable rate Mortgage Loan, each date set forth in the related Mortgage Note on which an adjustment to the interest rate on such Mortgage Loan becomes effective. Advance: As to any Mortgage Loan, any advance made by the Master Servicer, pursuant to Section 4.04. Affiliate: With respect to any Person, any other Person controlling, controlled by or under common control with such first Person. For the purposes of this definition, "control" means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms "controlling" and "controlled" have meanings correlative to the foregoing. Agreement: This Pooling and Servicing Agreement and all amendments hereof and supplements hereto. Amount Held for Future Distribution: As to any Distribution Date, the total of the amounts held in the Custodial Account at the close of business on the preceding Determination Date on account of (i) Liquidation Proceeds, Insurance Proceeds, Principal Prepayments, Mortgage Loan purchases made pursuant to Section 2.02, 2.03, 2.04 or 4.07 and Mortgage Loan substitutions made pursuant to Section 2.03 or 2.04 received or made in the month of such Distribution Date (other than such Liquidation Proceeds, Insurance Proceeds and purchases of Mortgage Loans that the Master Servicer has deemed to have been received in the preceding month in accordance with Section 6 3.07(b)), and Principal Prepayments in Full made after the related Prepayment Period, and (ii) payments which represent early receipt of scheduled payments of principal and interest due on a date or dates subsequent to the Due Date in the related Due Period. Appraised Value: As to any Mortgaged Property, the appraised value of such Mortgaged Property based upon the appraisal or appraisals (or field review) made at the time of the origination of the related Mortgage Loan. Assignment: An assignment of the Mortgage, notice of transfer or equivalent instrument, in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect of record the sale of the Mortgage Loan to the Trustee for the benefit of Certificateholders, which assignment, notice of transfer or equivalent instrument may be in the form of one or more blanket assignments covering Mortgages secured by Mortgaged Properties located in the same county, if permitted by law and accompanied by an Opinion of Counsel to that effect. Assignment Agreement: The Assignment and Assumption Agreement, dated the Closing Date, between Residential Funding and the Depositor relating to the transfer and assignment of the Mortgage Loans. Assignment of Proprietary Lease: With respect to a Cooperative Loan, the assignment of the related Cooperative Lease from the Mortgagor to the originator of the Cooperative Loan. Available Distribution Amount: The Group I Available Distribution Amount, Group II Available Distribution Amount or Group III Available Distribution Amount, as applicable. Bankruptcy Amount: As to each Loan Group and as of any date of determination prior to the first anniversary of the Cut-off Date, an amount equal to the excess, if any, of (A) $150,000 over (B) the aggregate amount of Bankruptcy Losses on the Mortgage Loans in the related Loan Group allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 of this Agreement. As of any date of determination on or after the first anniversary of the Cut-off Date, an amount equal to the excess, if any, of (1) the lesser of (a) the related Bankruptcy Amount calculated as of the close of business on the Business Day immediately preceding the most recent anniversary of the Cut- off Date coinciding with or preceding such date of determination (or, if such date of determination is an anniversary of the Cut-off Date, the Business Day immediately preceding such date of determination) (for purposes of this definition, the "Relevant Anniversary") and (b) the greater of (A) the greater of (i) 0.0006 times the aggregate principal balance of all the Mortgage Loans in the related Loan Group as of the Relevant Anniversary (other than Additional Collateral Loans, if any) having a Loan-to-Value Ratio at origination which exceeds 75% and (ii) $150,000; and 7 (B) the greater of (i) the product of (x) an amount equal to the largest difference in the related Monthly Payment for any Non-Primary Residence Loan remaining in the related Loan Group (other than Additional Collateral Loans, if any) which had an original Loan-to-Value Ratio of 80% or greater that would result if the Net Mortgage Rate thereof was equal to the weighted average (based on the principal balance of the Mortgage Loans in the related Loan Group as of the Relevant Anniversary) of the Net Mortgage Rates of all Mortgage Loans in the related Loan Group as of the Relevant Anniversary less 1.25% per annum, (y) a number equal to the weighted average remaining term to maturity, in months, of all Non-Primary Residence Loans remaining in the related Loan Group as of the Relevant Anniversary, and (z) one plus the quotient of the number of all Non-Primary Residence Loans remaining in the related Loan Group divided by the total number of Outstanding Mortgage Loans in the related Loan Group as of the Relevant Anniversary, and (ii) $50,000, over (2) the aggregate amount of related Bankruptcy Losses allocated solely to one or more specific Classes of Certificates in accordance with Section 4.05 since the Relevant Anniversary. Each Bankruptcy Amount may be further reduced by the Master Servicer (including accelerating the manner in which such coverage is reduced) provided that prior to any such reduction, the Master Servicer shall (i) obtain written confirmation from each Rating Agency that such reduction shall not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency and (ii) provide a copy of such written confirmation to the Trustee. Bankruptcy Loss: With respect to any Mortgage Loan, a Deficient Valuation or Debt Service Reduction; provided, however, that neither a Deficient Valuation nor a Debt Service Reduction shall be deemed a Bankruptcy Loss hereunder so long as the Master Servicer has notified the Trustee in writing that the Master Servicer is diligently pursuing any remedies that may exist in connection with the representations and warranties made regarding the related Mortgage Loan and either (A) the related Mortgage Loan is not in default with regard to payments due thereunder or (B) delinquent payments of principal and interest under the related Mortgage Loan and any premiums on any applicable primary hazard insurance policy and any related escrow payments in respect of such Mortgage Loan are being advanced on a current basis by the Master Servicer or a Subservicer, in either case without giving effect to any Debt Service Reduction. Bankruptcy Code: The Bankruptcy Code of 1978, as amended. Book-Entry Certificate: Any Certificate registered in the name of the Depository or its nominee. Business Day: Any day other than (i) a Saturday or a Sunday or (ii) a day on which banking institutions in the State of New York or the State of California (and such other state or states in 8 which the Custodial Account or the Certificate Account are at the time located) are required or authorized by law or executive order to be closed. Calendar Quarter: A Calendar Quarter shall consist of one of the following time periods in any given year: January 1 through March 31, April 1 through June 30, July 1 though September 30, and October 1 through December 31. Cash Liquidation: As to any defaulted Mortgage Loan other than a Mortgage Loan as to which an REO Acquisition occurred, a determination by the Master Servicer that it has received all Insurance Proceeds, Liquidation Proceeds and other payments or cash recoveries which the Master Servicer reasonably and in good faith expects to be finally recoverable with respect to such Mortgage Loan. Certificate: Any Class A Certificate, Class M Certificate, Class B Certificate or Class R Certificate. Certificate Account: The account or accounts created and maintained pursuant to Section 4.01, which shall be entitled "Deutsche Bank Trust Company Americas, as trustee, in trust for the registered holders of Residential Asset Mortgage Products, Inc., Mortgage Asset-Backed Pass- Through Certificates, Series 2002-RM1" and which must be an Eligible Account. Certificate Account Deposit Date: As to any Distribution Date, the Business Day prior thereto. Certificateholder or Holder: The Person in whose name a Certificate is registered in the Certificate Register, except that neither a Disqualified Organization nor a Non-United States Person shall be a holder of a Class R Certificate for any purpose hereof. Solely for the purpose of giving any consent or direction pursuant to this Agreement, any Certificate, other than a Class R Certificate, registered in the name of the Depositor, the Master Servicer or any Subservicer or any Affiliate thereof shall be deemed not to be outstanding and the Percentage Interest or Voting Rights evidenced thereby shall not be taken into account in determining whether the requisite amount of Percentage Interests or Voting Rights necessary to effect any such consent or direction has been obtained. All references herein to "Holders" or "Certificateholders" shall reflect the rights of Certificate Owners as they may indirectly exercise such rights through the Depository and participating members thereof, except as otherwise specified herein; provided, however, that the Trustee shall be required to recognize as a "Holder" or "Certificateholder" only the Person in whose name a Certificate is registered in the Certificate Register. Certificate Owner: With respect to a Book-Entry Certificate, the Person who is the beneficial owner of such Certificate, as reflected on the books of an indirect participating brokerage firm for which a Depository Participant acts as agent, if any, and otherwise on the books of a Depository Participant, if any, and otherwise on the books of the Depository. 9 Certificate Principal Balance: With respect to any Class A (other than the Class A-I-3, Class AV-I or Class AV-II Certificates), Class R, Class M or Class B Certificate, on any date of determination, an amount equal to (i) the Initial Certificate Principal Balance of such Certificate as specified on the face thereof, minus (ii) the sum of (x) the aggregate of all amounts previously distributed with respect to such Certificate (or any predecessor Certificate) and applied to reduce the Certificate Principal Balance or amount thereof pursuant to Section 4.02(a) and (y) the aggregate of all reductions in Certificate Principal Balance deemed to have occurred in connection with Realized Losses which were previously allocated to such Certificate (or any predecessor Certificate) pursuant to Section 4.05. The Class A-I-3, Class AV-I and Class AV-II Certificates will not have a Certificate Principal Balance. Certificate Register and Certificate Registrar: The register maintained and the registrar appointed pursuant to Section 5.02. Class: Collectively, all of the Certificates or uncertificated interests bearing the same designation. Class A Certificates: Any one of the Class A-I, Class AP-I, Class AV-I, Class A-II, Class AP-II, Class AV-II or Class A-III Certificates. Class A-I Certificate: Any one of the Class A-I-1, Class A-I-2 or Class A-I-3 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit A-1, senior to the Class M-I and Class B-I Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class AV-I Certificate: Any one of the Class AV-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit A-2, senior to the Class M-I and Class B-I Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class AP-I Certificate: Any one of the Class AP-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit A-3, senior to the Class M-I and Class B-I Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class AP Collection Shortfall: With respect to the Cash Liquidation or REO Disposition of a Group I Discount Mortgage Loan or Group II Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(3)(1) over the amount described in Section 4.02(b)(i)(3)(2). 10 Class AP Principal Distribution Amount: As defined in Section 4.02(b)(i). Class A-II Certificate: Any one of the Class A-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit A-1, senior to the Class M-II and Class B-II Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class AV-II Certificate: Any one of the Class AV-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit A-2, senior to the Class M-II and Class B-II Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class AP-II Certificate: Any one of the Class AP-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit A-3, senior to the Class M-II and Class B-II Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class A-III Certificate: Any one of the Class A-III Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit A-1, senior to the Class M-III and Class B-III Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class B Certificates: Any one of the Class B-I, Class B-II or Class B-III Certificates. Class B-1 Certificates: Any one of the Class B-I-1, Class B-II-1 or Class B-III-1 Certificates. Class B-2 Certificates: Any one of the Class B-I-2, Class B-II-2 or Class B-III-2 Certificates. Class B-3 Certificates: Any one of the Class B-I-3, Class B-II-3 or Class B-III-3 Certificates. Class B-I Certificates: Any one of the Class B-I-1, Class B-I-2 or Class B-I-3 Certificates. Class B-II Certificates: Any one of the Class B-II-1, Class B-II-2 or Class B-II-3 Certificates. Class B-III Certificates: Any one of the Class B-III-1, Class B-III-2 or Class B-III-3 Certificates. Class B-I-1 Certificate: Any one of the Class B-I-1 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, 11 senior to the Class B-I-2 and Class B-I-3 Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class B-I-2 Certificate: Any one of the Class B-I-2 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class B-I-3 Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class B-I-3 Certificate: Any one of the Class B-I-3 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class B-II-1 Certificate: Any one of the Class B-II-1 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class B-II-2 and Class B-II-3 Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class B-II-2 Certificate: Any one of the Class B-II-2 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class B-II-3 Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class B-II-3 Certificate: Any one of the Class B-II-3 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class B-III-1 Certificate: Any one of the Class B-III-1 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class B-III-2 and Class B-III-3 Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class B-III-2 Certificate: Any one of the Class B-III-2 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class B-III-3 Certificates with respect to distributions and the allocation of Realized 12 Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class B-III-3 Certificate: Any one of the Class B-III-3 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class M Certificates: Any one of the Class M-I, Class M-II or Class M-III Certificates. Class M-1 Certificates: Any one of the Class M-I-1, Class M-II-1 or Class M-III-1 Certificates. Class M-2 Certificates: Any one of the Class M-I-2, Class M-II-2 or Class M-III-2 Certificates. Class M-3 Certificates: Any one of the Class M-I-3, Class M-II-3 or Class M-III-3 Certificates. Class M-I Certificates: Any one of the Class M-I-1, Class M-I-2 or Class M-I-3 Certificates. Class M-II Certificates: Any one of the Class M-II-1, Class M-II-2 or Class M-II-3 Certificates. Class M-III Certificates: Any one of the Class M-III-1, Class M-III-2 or Class M-III-3 Certificates. Class M-I-1 Certificate: Any one of the Class M-I-1 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class M-I-2, Class M-I-3 and Class B-I Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class M-I-2 Certificate: Any one of the Class M-I-2 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class M-I-3 and Class B-I Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class M-I-3 Certificate: Any one of the Class M-I-3 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class B-I Certificates with respect to distributions and the allocation of Realized Losses 13 in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class M-II-1 Certificate: Any one of the Class M-II-1 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class M-II-2, Class M-II-3 and Class B-II Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class M-II-2 Certificate: Any one of the Class M-II-2 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class M-II-3 and Class B-II Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class M-II-3 Certificate: Any one of the Class M-II-3 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class B-II Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class M-III-1 Certificate: Any one of the Class M-III-1 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class M-III-2, Class M-III-3 and Class B-III Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class M-III-2 Certificate: Any one of the Class M-III-2 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class M-III-3 and Class B-III Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class M-III-3 Certificate: Any one of the Class M-III-3 Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B, senior to the Class B-III Certificates with respect to distributions and the allocation of Realized Losses in respect of the Mortgage Loans as set forth in Section 4.05, and evidencing an interest designated as a "regular interest" in REMIC IV for purposes of the REMIC Provisions. Class R Certificate: Any one of the Class R-I, Class R-II, Class R-III or Class R-IV 14 Certificates. Class R-I Certificate: Any one of the Class R-I Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC I for purposes of the REMIC Provisions. Class R-II Certificate: Any one of the Class R-II Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC II for purposes of the REMIC Provisions. Class R-III Certificate: Any one of the Class R-III Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC III for purposes of the REMIC Provisions. Class R-IV Certificate: Any one of the Class R-IV Certificates executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit D and evidencing an interest designated as a "residual interest" in REMIC IV for purposes of the REMIC Provisions. Clearstream: Clearstream Banking, societe anonyme. Closing Date: December 27, 2002. Code: The Internal Revenue Code of 1986. Compensating Interest: With respect to any Distribution Date, an amount equal to Prepayment Interest Shortfalls resulting from Principal Prepayments in Full during the related Prepayment Period and Curtailments during the prior calendar month, but not more than the sum of the Servicing Fee, all income and gain on amounts held in the Custodial Account and the Certificate Account and payable to the Certificateholders with respect to such Distribution Date and servicing compensation to which the Master Servicer may be entitled pursuant to Section 3.10(a)(v) and (vi), in each case with respect to the Mortgage Loans in the related Loan Group; provided that for purposes of this definition the amount of the Servicing Fee will not be reduced pursuant to Section 7.02 except as may be required pursuant to the last sentence of such Section. Converted Mortgage Loan: Any Group III Loan for which the related Mortgage Rate has converted from an adjustable rate to a fixed rate. Cooperative: A private, cooperative housing corporation which owns or leases land and all or part of a building or buildings, including apartments, spaces used for commercial purposes and 15 common areas therein and whose board of directors authorizes, among other things, the sale of Cooperative Stock. Cooperative Apartment: A dwelling unit in a multi-dwelling building owned or leased by a Cooperative, which unit the Mortgagor has an exclusive right to occupy pursuant to the terms of a proprietary lease or occupancy agreement. Cooperative Lease: With respect to a Cooperative Loan, the proprietary lease or occupancy agreement with respect to the Cooperative Apartment occupied by the Mortgagor and relating to the related Cooperative Stock, which lease or agreement confers an exclusive right to the holder of such Cooperative Stock to occupy such apartment. Cooperative Loans: Any of the Mortgage Loans made in respect of a Cooperative Apartment, evidenced by a Mortgage Note and secured by (i) a Security Agreement, (ii) the related Cooperative Stock Certificate, (iii) an assignment of the Cooperative Lease, (iv) financing statements and (v) a stock power (or other similar instrument), and ancillary thereto, a recognition agreement between the Cooperative and the originator of the Cooperative Loan, each of which was transferred and assigned to the Trustee pursuant to Section 2.01 and are from time to time held as part of the Trust Fund. Cooperative Stock: With respect to a Cooperative Loan, the single outstanding class of stock, partnership interest or other ownership instrument in the related Cooperative. Cooperative Stock Certificate: With respect to a Cooperative Loan, the stock certificate or other instrument evidencing the related Cooperative Stock. Corporate Trust Office: The principal office of the Trustee at which at any particular time its corporate trust business with respect to this Agreement shall be administered, which office at the date of the execution of this instrument is located at 1761 East St. Andrew Place, Santa Ana, California 92705-4934, Attention: RAMPI, Series 2002-RM1. Corresponding Certificate: With respect to (i) REMIC I Regular Interest LT-IA1, (ii) REMIC I Regular Interest LT-IA2, (iii) REMIC I Regular Interest LT-I-AV, (iv) REMIC I Regular Interest LT-I-AP, (v) REMIC II Regular Interest LT-II, (vi) REMIC II Regular Interest LT-II-AV, (vii) REMIC II Regular Interest LT-II-AP and (viii) REMIC III Regular Interest LT-III, the (i) Class A-I-1 Certificates, Class R-IV Certificates, Class M-I Certificates and Class B-I Certificates; (ii) Class A-I-2 Certificates; (iii) Class AV-I Certificates; (iv) Class AP-I Certificates; (v) Class A-II Certificates, Class M-II Certificates and Class B-II Certificates; (vi) Class AV-II Certificates; (vii) Class AP-II Certificates; and (viii) Class A-III Certificates, Class M-III Certificates and Class B-III Certificates, respectively. Credit Support Depletion Date: The first Distribution Date on which the Certificate Principal Balances of the Class M and Class B Certificates have been reduced to zero. 16 Curtailment: Any Principal Prepayment made by a Mortgagor which is not a Principal Prepayment in Full. Custodial Account: The custodial account or accounts created and maintained pursuant to Section 3.07 in the name of a depository institution, as custodian for the holders of the Certificates, for the holders of certain other interests in mortgage loans serviced or sold by the Master Servicer and for the Master Servicer, into which the amounts set forth in Section 3.07 shall be deposited directly. Any such account or accounts shall be an Eligible Account. Custodial Agreement: An agreement that may be entered into among the Depositor, the Master Servicer, the Trustee and a Custodian in substantially the form of Exhibit E hereto. Custodian: A custodian appointed pursuant to a Custodial Agreement. Cut-off Date: December 1, 2002. Cut-off Date Balance: The Group I Cut-off Date Balance, the Group II Cut-off Date Balance or the Group III Cut-off Date Balance. Cut-off Date Principal Balance: As to any Mortgage Loan, the unpaid principal balance thereof at the Cut-off Date after giving effect to all installments of principal due on or prior thereto (or due during the month of December 2002), whether or not received. Debt Service Reduction: With respect to any Mortgage Loan, a reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction constituting a Deficient Valuation or any reduction that results in a permanent forgiveness of principal. Deficient Valuation: With respect to any Mortgage Loan, a valuation by a court of competent jurisdiction of the Mortgaged Property in an amount less than the then outstanding indebtedness under the Mortgage Loan, or any reduction in the amount of principal to be paid in connection with any scheduled Monthly Payment that constitutes a permanent forgiveness of principal, which valuation or reduction results from a proceeding under the Bankruptcy Code. Definitive Certificate: Any definitive, fully registered Certificate. Deleted Mortgage Loan: A Mortgage Loan replaced or to be replaced with a Qualified Substitute Mortgage Loan. Delinquent: As used herein, a Mortgage Loan is considered to be: "30 to 59 days" or "30 or more days" delinquent when a payment due on any scheduled due date remains unpaid as of the close of business on the last business day immediately prior to the next following monthly scheduled due date; "60 to 89 days" or "60 or more days" delinquent when a payment due on any scheduled 17 due date remains unpaid as of the close of business on the last business day immediately prior to the second following monthly scheduled due date; and so on. The determination as to whether a Mortgage Loan falls into these categories is made as of the close of business on the last business day of each month. For example, a Mortgage Loan with a payment due on July 1 that remained unpaid as of the close of business on July 31 would then be considered to be 30 to 59 days delinquent. Delinquency information as of the Cut-off Date is determined and prepared as of the close of business on the last business day immediately prior to the Cut-off Date. Depository: The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(3) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended. Depository Participant: A broker, dealer, bank or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities deposited with the Depository. Destroyed Mortgage Note: A Mortgage Note the original of which was permanently lost or destroyed and has not been replaced. Determination Date: With respect to any Distribution Date, the 20th day (or if such 20th day is not a Business Day, the Business Day immediately following such 20th day) of the month of the related Distribution Date. Discount Fraction: The Group I Discount Fraction or Group II Discount Fraction, as applicable. Discount Mortgage Loan: A Group I Discount Mortgage Loan or Group II Discount Mortgage Loan, as applicable. Discount Net Mortgage Rate: The Group I Discount Net Mortgage Rate or Group II Discount Net Mortgage Rate, as applicable. Disqualified Organization: Any organization defined as a "disqualified organization" under Section 860E(e)(5) of the Code, which includes any of the following: (i) the United States, any State or political subdivision thereof, any possession of the United States, or any agency or instrumentality of any of the foregoing (other than an instrumentality which is a corporation if all of its activities are subject to tax and, except for Freddie Mac, a majority of its board of directors is not selected by such governmental unit), (ii) a foreign government, any international organization, or any agency or instrumentality of any of the foregoing, (iii) any organization (other than certain farmers' cooperatives described in Section 521 of the Code) which is exempt from the tax imposed by 18 Chapter 1 of the Code (including the tax imposed by Section 511 of the Code on unrelated business taxable income) and (iv) rural electric and telephone cooperatives described in Section 1381(a)(2)(C) of the Code. A Disqualified Organization also includes any "electing large partnership," as defined in Section 775(a) of the Code and any other Person so designated by the Trustee based upon an Opinion of Counsel that the holding of an Ownership Interest in a Class R Certificate by such Person may cause any REMIC or any Person having an Ownership Interest in any Class of Certificates (other than such Person) to incur a liability for any federal tax imposed under the Code that would not otherwise be imposed but for the Transfer of an Ownership Interest in a Class R Certificate to such Person. The terms "United States", "State" and "international organization" shall have the meanings set forth in Section 7701 of the Code or successor provisions. Distribution Date: The 25th day of any month beginning in the month immediately following the month of the initial issuance of the Certificates or, if such 25th day is not a Business Day, the Business Day immediately following such 25th day. Due Date: With respect to any Distribution Date and any Mortgage Loan, the day during the related Due Period on which the Monthly Payment is due. Due Period: With respect to any Distribution Date, the calendar month of such Distribution Date. Eligible Account: An account that is any of the following: (i) maintained with a depository institution the debt obligations of which have been rated by each Rating Agency in its highest rating available, or (ii) an account or accounts in a depository institution in which such accounts are fully insured to the limits established by the FDIC, provided that any deposits not so insured shall, to the extent acceptable to each Rating Agency, as evidenced in writing, be maintained such that (as evidenced by an Opinion of Counsel delivered to the Trustee and each Rating Agency) the registered Holders of Certificates have a claim with respect to the funds in such account or a perfected first security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution with which such account is maintained, or (iii) in the case of the Custodial Account, either (A) a trust account or accounts maintained in the corporate trust department of Bank One, National Association, or (B) an account or accounts maintained in the corporate asset services department of Bank One, National Association as long as its short term debt obligations are rated P-1 (or the equivalent) or better by each Rating Agency, and its long term debt obligations are rated A2 (or the equivalent) or better, by each Rating Agency, or (iv) in the case of the Certificate Account, a trust account or accounts maintained in the corporate trust division of Deutsche Bank Trust Company Americas, or (v) an account or accounts of a depository institution acceptable to each Rating Agency (as evidenced in writing by each Rating Agency that use of any such account as the Custodial Account or the Certificate Account will not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency). 19 Eligible Funds: On any Distribution Date, the portion, if any, of the Group I Available Distribution Amount or Group II Available Distribution Amount remaining after reduction by the sum of (i) the aggregate amount of Accrued Certificate Interest on the related Senior Certificates, (ii) the related Senior Principal Distribution Amount (determined without regard to Section 4.02(a)(ii)(Y)(D) of this Agreement), (iii) the related Class AP Principal Distribution Amount (determined without regard to Section 4.02(b)(i)(5) of this Agreement) and (iv) the aggregate amount of Accrued Certificate Interest on the related Class M, Class B-1 and Class B-2 Certificates. ERISA: The Employee Retirement Income Security Act of 1974, as amended. Euroclear: Euroclear Bank, S.A./NA, as operator of The Euroclear System. Event of Default: As defined in Section 7.01. Excess Bankruptcy Loss: With respect to the Mortgage Loans in any Loan Group, any Bankruptcy Loss on such Mortgage Loans, or portion thereof, which exceeds the then-applicable Bankruptcy Amount. Excess Fraud Loss: With respect to the Mortgage Loans in any Loan Group, any Fraud Loss on such Mortgage Loans, or portion thereof, which exceeds the then-applicable Fraud Loss Amount. Excess Loss: With respect to the Group I Loans, Group II Loans or Group III Loans, any Excess Fraud Loss, Excess Special Hazard Loss, Excess Bankruptcy Loss or Extraordinary Loss. Excess Special Hazard Loss: With respect to the Mortgage Loans in any Loan Group, any Special Hazard Loss on such Mortgage Loans, or portion thereof, that exceeds the then-applicable Special Hazard Amount. Excess Subordinate Principal Amount: With respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Class of Subordinate Certificates in the related certificate group then outstanding with the Lowest Priority is to be reduced to zero and on which Realized Losses are to be allocated to such class or classes, the excess, if any, of (i) the amount that would otherwise be distributable in respect of principal on such class or classes of Certificates on such Distribution Date over (ii) the excess, if any, of the aggregate Certificate Principal Balance of such class or classes of Certificates immediately prior to such Distribution Date over the aggregate amount of Realized Losses to be allocated to such classes of Certificates on such Distribution Date as reduced by any amount calculated pursuant to Section 4.02(b)(i)(5). The Excess Subordinate Principal Amount will be allocated between each Loan Group on a pro rata basis in accordance with the amount of Realized Losses attributable to each Loan Group and allocated to the Certificates on such Distribution Date. Extraordinary Events: Any of the following conditions with respect to a Mortgaged Property (or, with respect to a Cooperative Loan, the Cooperative Apartment) or Mortgage Loan causing or 20 resulting in a loss which causes the liquidation of such Mortgage Loan: (a) losses that are of the type that would be covered by the fidelity bond and the errors and omissions insurance policy required to be maintained pursuant to Section 3.12(b) but are in excess of the coverage maintained thereunder; (b) nuclear reaction or nuclear radiation or radioactive contamination, all whether controlled or uncontrolled, and whether such loss be direct or indirect, proximate or remote or be in whole or in part caused by, contributed to or aggravated by a peril covered by the definition of the term "Special Hazard Loss"; (c) hostile or warlike action in time of peace or war, including action in hindering, combatting or defending against an actual, impending or expected attack; (1) by any government or sovereign power, de jure or de facto, or by any authority maintaining or using military, naval or air forces; or (2) by military, naval or air forces; or (3) by an agent of any such government, power, authority or forces; or (4) any weapon of war employing atomic fission or radioactive force whether in time of peace or war; or (5) insurrection, rebellion, revolution, civil war, usurped power or action taken by governmental authority in hindering, combatting or defending against such an occurrence, seizure or destruction under quarantine or customs regulations, confiscation by order of any government or public authority; or risks of contraband or illegal transportation or trade. Extraordinary Losses: Any loss incurred on a Mortgage Loan caused by or resulting from an Extraordinary Event. Fannie Mae: Fannie Mae, a federally chartered and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto. FASIT: A "financial asset securitization investment trust" within the meaning of Section 860L of the Code. FDIC: Federal Deposit Insurance Corporation or any successor thereto. FHA: The Federal Housing Administration, or its successor. 21 Final Distribution Date: The Distribution Date on which the final distribution in respect of the Certificates will be made pursuant to Section 9.01, which Final Distribution Date shall in no event be later than the end of the 90-day liquidation period described in Section 9.02. Final Scheduled Distribution Date: With respect to the Group I Certificates, other than the Class R-IV Certificates, December 25, 2017, and with respect to the Class R-IV Certificates, Group II Certificates and Group III Certificates, November 25, 2032. No event of default under this Agreement will arise or become applicable solely by reason of the failure to retire the entire Certificate Principal Balance of any Class of Class A, Class R, Class M or Class B Certificates on or before its Final Scheduled Distribution Date. Fitch: Fitch, Inc., or its successor in interest. Foreclosure Profits: As to any Distribution Date or related Determination Date and any Mortgage Loan, the excess, if any, of Liquidation Proceeds, Insurance Proceeds and REO Proceeds (net of all amounts reimbursable therefrom pursuant to Section 3.10(a)(ii)) in respect of each Mortgage Loan or REO Property for which a Cash Liquidation or REO Disposition occurred in the related Prepayment Period over the sum of the unpaid principal balance of such Mortgage Loan or REO Property (determined, in the case of an REO Disposition, in accordance with Section 3.14) plus accrued and unpaid interest at the Mortgage Rate on such unpaid principal balance from the Due Date to which interest was last paid by the Mortgagor to the first day of the month following the month in which such Cash Liquidation or REO Disposition occurred. Fraud Loss Amount: The Group I Fraud Loss Amount, Group II Fraud Loss Amount or Group III Fraud Loss Amount. Fraud Losses: Losses on Mortgage Loans as to which there was fraud in the origination of such Mortgage Loan. Freddie Mac: The Federal Home Loan Mortgage Corporation, a corporate instrumentality of the United States created and existing under Title III of the Emergency Home Finance Act of 1970, as amended, or any successor thereto. Group I Available Distribution Amount: As to any Distribution Date, an amount equal to (a) the sum of (i) the amount relating to the Group I Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans that are Group I Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date with respect to the Group I Loans, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a) in respect of the Group I Loans, (iv) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account pursuant to Section 3.16(e) in respect of the Group I Loans and (v) any amount deposited in the Certificate Account pursuant to 22 Section 4.07 or 9.01 in respect of the Group I Loans, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (x) the Amount Held for Future Distribution with respect to the Group I Loans, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Group I Loans pursuant to clauses (ii)- (x), inclusive, of Section 3.10(a). Group II Available Distribution Amount: As to any Distribution Date, an amount equal to (a) the sum of (i) the amount relating to the Group II Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans that are Group II Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date with respect to the Group II Loans, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a) in respect of the Group II Loans, (iv) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account pursuant to Section 3.16(e) in respect of the Group II Loans and (v) any amount deposited in the Certificate Account pursuant to Section 4.07 or 9.01 in respect of the Group II Loans, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (x) the Amount Held for Future Distribution with respect to the Group II Loans, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Group II Loans pursuant to clauses (ii)- (x), inclusive, of Section 3.10(a). Group III Available Distribution Amount: As to any Distribution Date, an amount equal to (a) the sum of (i) the amount relating to the Group III Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans that are Group III Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date with respect to the Group III Loans, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a) in respect of the Group III Loans, (iv) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account pursuant to Section 3.16(e) in respect of the Group III Loans, (v) any amount deposited in the Certificate Account pursuant to Section 4.07 or 9.01 in respect of the Group III Loans and (vi) any amount received by the Trustee pursuant to the Surety Bond in respect of such Distribution Date, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (x) the Amount Held for Future Distribution with respect to the Group III Loans, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Group III Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a). Group I Certificates: Any one of the Group I Senior Certificates and Group I Subordinate Certificates. Group II Certificates: Any one of the Group II Senior Certificates and Group II Subordinate 23 Certificates. Group III Certificates: Any one of the Group III Senior Certificates and Group III Subordinate Certificates. Group I Cut-off Date Balance: $209,389,729.32. Group II Cut-off Date Balance: $43,784,073.03. Group III Cut-off Date Balance: $92,931,252.16. Group I Discount Fraction: With respect to each Group I Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is the Group I Discount Net Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Group I Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is the Group I Discount Net Mortgage Rate. The Group I Discount Fraction with respect to each Group I Discount Mortgage Loan is as set forth in Exhibit Q-1 attached hereto. Group II Discount Fraction: With respect to each Group II Discount Mortgage Loan, the fraction expressed as a percentage, the numerator of which is the Group II Discount Net Mortgage Rate minus the Net Mortgage Rate (or the initial Net Mortgage Rate with respect to any Group II Discount Mortgage Loans as to which the Mortgage Rate is modified pursuant to 3.07(a)) for such Mortgage Loan and the denominator of which is the Group II Discount Net Mortgage Rate. The Group II Discount Fraction with respect to each Group II Discount Mortgage Loan is as set forth in Exhibit Q-2 attached hereto. Group I Discount Mortgage Loan: Any Group I Loan having a Net Mortgage Rate (or the initial Net Mortgage Rate) of less than the Group I Discount Net Mortgage Rate per annum and any Mortgage Loan deemed to be a Group I Discount Mortgage Loan pursuant to the definition of Qualified Substitute Mortgage Loan. Group II Discount Mortgage Loan: Any Group II Loan having a Net Mortgage Rate (or the initial Net Mortgage Rate) of less than the Group II Discount Net Mortgage Rate per annum and any Mortgage Loan deemed to be a Group II Discount Mortgage Loan pursuant to the definition of Qualified Substitute Mortgage Loan. Group I Discount Net Mortgage Rate: With respect to any Group I Loan, 5.50% per annum. Group II Discount Net Mortgage Rate: With respect to any Group II Loan, 6.00% per annum. Group I Fraud Loss Amount: As of any date of determination after the Cut-off Date, an 24 amount equal to: (X) prior to the second anniversary of the Cut-off Date, an amount equal to 1.25% of the aggregate outstanding principal balance of all of the Group I Loans as of the Cut-off Date minus the aggregate amount of Fraud Losses allocated through Subordination in accordance with Section 4.05 since the Cut-off Date up to such date of determination and (Y) from the second to the fifth anniversary of the Cut-off Date, an amount equal to (1) the lesser of (a) the Group I Fraud Loss Amount as of the most recent anniversary of the Cut-off Date and (b) 1.00% of the aggregate outstanding principal balance of all of the Group I Loans as of the most recent anniversary of the Cut-off Date minus (2) the aggregate amount of Fraud Losses with respect to Group I Loans allocated through Subordination in accordance with Section 4.05 since the most recent anniversary of the Cut-off Date up to such date of determination. On and after the fifth anniversary of the Cut-off Date, the Group I Fraud Loss Amount shall be zero. Group II Fraud Loss Amount: As of any date of determination after the Cut-off Date, an amount equal to: (X) prior to the first anniversary of the Cut-off Date, an amount equal to 3.00% of the aggregate outstanding principal balance of all of the Group II Loans as of the Cut-off Date minus the aggregate amount of Fraud Losses allocated through Subordination in accordance with Section 4.05 since the Cut-off Date up to such date of determination, (Y) from the first to the second anniversary of the Cut-off Date, an amount equal to (1) the lesser of (a) the Group II Fraud Loss Amount as of the most recent anniversary of the Cut-off Date and (b) 2.00% of the aggregate outstanding principal balance of all of the Group II Loans as of the most recent anniversary of the Cut-off Date minus (2) the aggregate amount of Fraud Losses with respect to Group II Loans allocated through Subordination in accordance with Section 4.05 since the most recent anniversary of the Cut-off Date up to such date of determination and (Z) from the second to the fifth anniversary of the Cut-off Date, an amount equal to (1) the lesser of (a) the Group II Fraud Loss Amount as of the most recent anniversary of the Cut-off Date and (b) 1.00% of the aggregate outstanding principal balance of all of the Group II Loans as of the most recent anniversary of the Cut-off Date minus (2) the aggregate amount of Fraud Losses with respect to Group II Loans allocated through Subordination in accordance with Section 4.05 since the most recent anniversary of the Cut-off Date up to such date of determination. On and after the fifth anniversary of the Cut-off Date, the Group II Fraud Loss Amount shall be zero. Group III Fraud Loss Amount: As of any date of determination after the Cut-off Date, an amount equal to: (X) prior to the first anniversary of the Cut-off Date, an amount equal to 3.00% of the aggregate outstanding principal balance of all of the Group III Loans as of the Cut-off Date minus the aggregate amount of Fraud Losses allocated through Subordination in accordance with Section 4.05 since the Cut-off Date up to such date of determination, (Y) from the first to the second anniversary of the Cut-off Date, an amount equal to (1) the lesser of (a) the Group III Fraud Loss Amount as of the most recent anniversary of the Cut-off Date and (b) 2.00% of the aggregate outstanding principal balance of all of the Group III Loans as of the most recent anniversary of the Cut-off Date minus (2) the aggregate amount of Fraud Losses with respect to Group III Loans allocated through Subordination in accordance with Section 4.05 since the most recent anniversary of the Cut-off Date up to such date of determination and (Z) from the second to the fifth anniversary of the Cut-off Date, an amount equal to (1) the lesser of (a) the Group III Fraud Loss Amount as of 25 the most recent anniversary of the Cut-off Date and (b) 1.00% of the aggregate outstanding principal balance of all of the Group III Loans as of the most recent anniversary of the Cut-off Date minus (2) the aggregate amount of Fraud Losses with respect to Group III Loans allocated through Subordination in accordance with Section 4.05 since the most recent anniversary of the Cut-off Date up to such date of determination. On and after the fifth anniversary of the Cut-off Date, the Group III Fraud Loss Amount shall be zero. Group I Loans: The Mortgage Loans designated on the Mortgage Loan Schedule in Exhibit F-1. Group II Loans: The Mortgage Loans designated on the Mortgage Loan Schedule in Exhibit F-2. Group III Loans: The Mortgage Loans designated on the Mortgage Loan Schedule in Exhibit F-3. Group I Optional Termination Date: Any Distribution Date on or after which the Stated Principal Balance (before giving effect to distributions to be made on such Distribution Date) of the Group I Loans is less than 10.00% of the Group I Cut-off Date Balance. Group II Optional Termination Date: Any Distribution Date on or after which the Stated Principal Balance (before giving effect to distributions to be made on such Distribution Date) of the Group II Loans is less than 10.00% of the Group II Cut-off Date Balance. Group III Optional Termination Date: Any Distribution Date on or after which the Stated Principal Balance (before giving effect to distributions to be made on such Distribution Date) of the Group III Loans is less than 10.00% of the Group III Cut-off Date Balance. Group I Senior Accelerated Distribution Percentage, Group II Senior Accelerated Distribution Percentage or Group III Senior Accelerated Distribution Percentage: With respect to any Distribution Date occurring on or prior to the 60th Distribution Date, 100%. With respect to any Distribution Date thereafter, as follows: (i) for any Distribution Date after the 60th Distribution Date but on or prior to the 72nd Distribution Date, the related Senior Percentage for such Distribution Date plus 70% of the related Subordinate Percentage for such Distribution Date; (ii) for any Distribution Date after the 72nd Distribution Date but on or prior to the 84th Distribution Date, the related Senior Percentage for such Distribution Date plus 60% of the related Subordinate Percentage for such Distribution Date; (iii) for any Distribution Date after the 84th Distribution Date but on or prior to the 96th Distribution Date, the related Senior Percentage for such Distribution Date plus 40% 26 of the related Subordinate Percentage for such Distribution Date; (iv) for any Distribution Date after the 96th Distribution Date but on or prior to the 108th Distribution Date, the related Senior Percentage for such Distribution Date plus 20% of the related Subordinate Percentage for such Distribution Date; and (v) for any Distribution Date thereafter, the related Senior Percentage for such Distribution Date; Any reduction to the Senior Accelerated Distribution Percentage described above shall not occur as of any Distribution Date unless either: (a)(1)(X) the outstanding principal balance of the Mortgage Loans in the related Loan Group delinquent 60 days or more averaged over the last six months, as a percentage of the aggregate outstanding Certificate Principal Balance of the related Subordinate Certificates, is less than 50% or (Y) the outstanding principal balance of Mortgage Loans in the related Loan Group delinquent 60 days or more averaged over the last six months, as a percentage of the aggregate outstanding principal balance of all Mortgage Loans in such Loan Group averaged over the last six months, does not exceed 2% and (2) Realized Losses on the Mortgage Loans in the related Loan Group to date for such Distribution Date if occurring during the sixth, seventh, eighth, ninth or tenth year (or any year thereafter) after the Closing Date are less than 30%, 35%, 40%, 45% or 50%, respectively, of the sum of the Initial Certificate Principal Balances of the related Subordinate Certificates or (b)(1) the outstanding principal balance of Mortgage Loans in the related Loan Group delinquent 60 days or more averaged over the last six months, as a percentage of the aggregate outstanding principal balance of all Mortgage Loans in such Loan Group averaged over the last six months, does not exceed 4% and (2) Realized Losses on the Mortgage Loans in the related Loan Group to date for such Distribution Date, if occurring during the sixth, seventh, eighth, ninth or tenth year (or any year thereafter) after the Closing Date are less than 10%, 15%, 20%, 25% or 30%, respectively, of the sum of the Initial Certificate Principal Balances of the related Subordinate Certificates, and (ii) that for any Distribution Date on which the related Senior Percentage is greater than the such Senior Percentage as of the Closing Date, the related Senior Accelerated Distribution Percentage for such Distribution Date shall be 100%. Notwithstanding the foregoing, upon the reduction of the Certificate Principal Balances of the applicable Senior Certificates to zero, the related Senior Accelerated Distribution Percentage shall thereafter be 0%. Group I Senior Certificates: Any one of the Class A-I, Class AP-I, Class AV-I, Class R-I and Class R-IV Certificates. 27 Group II Senior Certificates: Any one of the Class A-II, Class AP-II, Class AV-II and Class R-II Certificates. Group III Senior Certificates: Any one of the Class A-III Certificates and Class R-III Certificates. Group I Senior Interest Distribution Amount: As defined in Section 4.02(a)(i)(X). Group II Senior Interest Distribution Amount: As defined in Section 4.02(a)(i)(Y). Group III Senior Interest Distribution Amount: As defined in Section 4.02(a)(i)(Z). Group I Senior Percentage: As of any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group I Senior Certificates (other than the Class AP-I Certificates) immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Group I Loans (or related REO Properties) (other than the related Group I Discount Fraction of each Group I Discount Mortgage Loan) immediately prior to such Distribution Date. Group II Senior Percentage: As of any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group II Senior Certificates (other than the Class AP-II Certificates) immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Group II Loans (or related REO Properties) (other than the related Group II Discount Fraction of each Group II Discount Mortgage Loan) immediately prior to such Distribution Date. Group III Senior Percentage: As of any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group III Senior Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Group III Loans (or related REO Properties) immediately prior to such Distribution Date. Group I Senior Principal Distribution Amount: As to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount related to Loan Group I remaining after the distribution therefrom of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(X) and Section 4.02(a)(ii)(X) and (b) the sum of the amounts required to be distributed therefrom to the Group I Certificateholders on such Distribution Date pursuant to Section 4.02(a)(ii)(Y) and Section 4.02(a)(xv) and (xvi). Group II Senior Principal Distribution Amount: As to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount related to Loan Group II remaining after the distribution therefrom of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(Y) and Section 4.02(a)(ii)(X), and (b) the sum of the amounts required to be 28 distributed therefrom to the Group II Certificateholders on such Distribution Date pursuant to Section 4.02(a)(ii)(Y) and Section 4.02(a)(xv) and (xvi). Group III Senior Principal Distribution Amount: As to any Distribution Date, the lesser of (a) the balance of the Available Distribution Amount related to Loan Group III remaining after the distribution therefrom of all amounts required to be distributed therefrom pursuant to Section 4.02(a)(i)(Z), and (b) the sum of the amounts required to be distributed therefrom to the Group II Certificateholders on such Distribution Date pursuant to Section 4.02(a)(ii)(Y) and Section 4.02(a)(xv) and (xvi). Group I Special Hazard Amount: As of any Distribution Date, an amount equal to $2,599,498 minus the sum of (i) the aggregate amount of Special Hazard Losses allocated to the Group I Loans through Subordination in accordance with Section 4.05 and (ii) the Adjustment Amount (as defined below) as most recently calculated. For each anniversary of the Cut-off Date, the "Adjustment Amount" shall be equal to the amount, if any, by which the amount calculated in accordance with the preceding sentence (without giving effect to the deduction of the Adjustment Amount for such anniversary) exceeds the greatest of (i) twice the outstanding principal balance of the Group I Loan that has the largest outstanding principal balance on the Distribution Date immediately preceding such anniversary, (ii) the product of 1.00% multiplied by the outstanding principal balance of all Group I Loans on the Distribution Date immediately preceding such anniversary and (iii) the aggregate outstanding principal balance (as of the immediately preceding Distribution Date) of the Group I Loans in any single five-digit California zip code area with the largest amount of Group I Loans by aggregate principal balance as of such anniversary. The Group I Special Hazard Amount may be further reduced by the Master Servicer (including accelerating the manner in which coverage is reduced) provided that prior to any such reduction, the Master Servicer shall obtain written confirmation from each Rating Agency that such reduction shall not reduce the rating assigned to the Group I Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Group II Special Hazard Amount: As of any Distribution Date, an amount equal to $5,951,664 minus the sum of (i) the aggregate amount of Special Hazard Losses allocated to the Group II Loans through Subordination in accordance with Section 4.05 and (ii) the Adjustment Amount (as defined below) as most recently calculated. For each anniversary of the Cut-off Date, the "Adjustment Amount" shall be equal to the amount, if any, by which the amount calculated in accordance with the preceding sentence (without giving effect to the deduction of the Adjustment Amount for such anniversary) exceeds the greatest of (i) twice the outstanding principal balance of the Group II Loan that has the largest outstanding principal balance on the Distribution Date immediately preceding such anniversary, (ii) the product of 1.00% multiplied by the outstanding principal balance of all Group II Loans on the Distribution Date immediately preceding such anniversary and (iii) the aggregate outstanding principal balance (as of the immediately preceding Distribution Date) of the Group II Loans in any single five-digit California zip code area with the 29 largest amount of Group II Loans by aggregate principal balance as of such anniversary. The Group II Special Hazard Amount may be further reduced by the Master Servicer (including accelerating the manner in which coverage is reduced) provided that prior to any such reduction, the Master Servicer shall obtain written confirmation from each Rating Agency that such reduction shall not reduce the rating assigned to the Group II Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Group III Special Hazard Amount: As of any Distribution Date, an amount equal to $7,914,100 minus the sum of (i) the aggregate amount of Special Hazard Losses allocated to the Group III Loans through Subordination in accordance with Section 4.05 and (ii) the Adjustment Amount (as defined below) as most recently calculated. For each anniversary of the Cut-off Date, the "Adjustment Amount" shall be equal to the amount, if any, by which the amount calculated in accordance with the preceding sentence (without giving effect to the deduction of the Adjustment Amount for such anniversary) exceeds the greatest of (i) twice the outstanding principal balance of the Group III Loan that has the largest outstanding principal balance on the Distribution Date immediately preceding such anniversary, (ii) the product of 1.00% multiplied by the outstanding principal balance of all Group III Loans on the Distribution Date immediately preceding such anniversary and (iii) the aggregate outstanding principal balance (as of the immediately preceding Distribution Date) of the Group III Loans in any single five-digit California zip code area with the largest amount of Group III Loans by aggregate principal balance as of such anniversary. The Group III Special Hazard Amount may be further reduced by the Master Servicer (including accelerating the manner in which coverage is reduced) provided that prior to any such reduction, the Master Servicer shall obtain written confirmation from each Rating Agency that such reduction shall not reduce the rating assigned to the Group III Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Group I Subordinate Certificates: The Class M-I Certificates and Class B-I Certificates. Group II Subordinate Certificates: The Class M-II Certificates and Class B-II Certificates. Group III Subordinate Certificates: The Class M-III Certificates and Class B-III Certificates. Group I Subordinate Principal Distribution Amount: With respect to any Distribution Date and each Class of Group I Subordinate Certificates, (a) the sum of (i) the product of (x) the Class's pro rata share, based on the Certificate Principal Balance of each such Class then outstanding, and (y) the aggregate of the amounts calculated for such Distribution Date under clauses (i), (ii) and (iii) of Section 4.02(a)(ii)(Y)(A) (without giving effect to the related Senior Percentage) to the extent not payable to the related Senior Certificates; (ii) such Class's pro rata share, based on the Certificate Principal Balance of each Class of Group I Subordinate Certificates then outstanding, of the principal 30 collections described in Section 4.02(a)(ii)(Y)(B)(b) (without giving effect to the related Senior Accelerated Distribution Percentage) to the extent such collections are not otherwise distributed to the related Senior Certificates; (iii) the product of (x) the related Prepayment Distribution Percentage and (y) the aggregate of all Principal Prepayments in Full received in the related Prepayment Period and Curtailments received in the preceding calendar month (other than the related Discount Fraction of such Principal Prepayments in Full and Curtailments with respect to a Group I Discount Mortgage Loan) to the extent not payable to the related Senior Certificates; (iv) if such Class is the Class of Subordinate Certificates with the Highest Priority, any related Excess Subordinate Principal Amount for such Distribution Date to the extent of Eligible Funds for such Distribution Date; and (v) any amounts described in clauses (i), (ii) and (iii) as determined for any previous Distribution Date, that remain undistributed to the extent that such amounts are not attributable to Realized Losses which have been allocated to a Class of Group I Subordinate Certificates minus (b) with respect to the Class of Subordinate Certificates with the Lowest Priority, any related Excess Subordinate Principal Amount for such Distribution Date; provided, however, that the Group I Subordinate Principal Distribution Amount for any Class of Group I Subordinate Certificates on any Distribution Date shall in no event exceed the outstanding Certificate Principal Balance of such Class of Certificates immediately prior to such date. Group II Subordinate Principal Distribution Amount: With respect to any Distribution Date and each Class of Group II Subordinate Certificates, (a) the sum of (i) the product of (x) the Class's pro rata share, based on the Certificate Principal Balance of each such Class then outstanding, and (y) the aggregate of the amounts calculated for such Distribution Date under clauses (i), (ii) and (iii) of Section 4.02(a)(ii)(Y)(A) (without giving effect to the related Senior Percentage) to the extent not payable to the related Senior Certificates; (ii) such Class's pro rata share, based on the Certificate Principal Balance of each Class of Group II Subordinate Certificates then outstanding, of the principal collections described in Section 4.02(a)(ii)(Y)(B)(b) (without giving effect to the related Senior Accelerated Distribution Percentage) to the extent such collections are not otherwise distributed to the related Senior Certificates; (iii) the product of (x) the related Prepayment Distribution Percentage and (y) the aggregate of all Principal Prepayments in Full received in the related Prepayment Period and Curtailments received in the preceding calendar month (other than the related Discount Fraction of such Principal Prepayments in Full and Curtailments with respect to a Group II Discount Mortgage Loan) to the extent not payable to the related Senior Certificates; (iv) if such Class is the Class of Subordinate Certificates with the Highest Priority, any related Excess Subordinate Principal Amount for such Distribution Date to the extent of Eligible Funds for such Distribution Date; and (v) any amounts described in clauses (i), (ii) and (iii) as determined for any previous Distribution Date, that remain undistributed to the extent that such amounts are not attributable to Realized Losses which have been allocated to a Class of Group II Subordinate Certificates minus (b) with respect to the Class of Subordinate Certificates with the Lowest Priority, any related Excess Subordinate Principal Amount for such Distribution Date; provided, however, that the Group II Subordinate Principal Distribution Amount for any Class of Group II Subordinate Certificates on any Distribution Date shall in no event exceed the outstanding Certificate Principal Balance of such Class of Certificates immediately prior to such date. 31 Group III Subordinate Principal Distribution Amount: With respect to any Distribution Date and each Class of Group III Subordinate Certificates, (a) the sum of (i) the product of (x) the Class's pro rata share, based on the Certificate Principal Balance of each such Class then outstanding, and (y) the aggregate of the amounts calculated for such Distribution Date under clauses (i), (ii) and (iii) of Section 4.02(a)(ii)(Y)(A) (without giving effect to the related Senior Percentage) to the extent not payable to the related Senior Certificates; (ii) such Class's pro rata share, based on the Certificate Principal Balance of each Class of Group III Subordinate Certificates then outstanding, of the principal collections described in Section 4.02(a)(ii)(Y)(B)(b) (without giving effect to the related Senior Accelerated Distribution Percentage) to the extent such collections are not otherwise distributed to the related Senior Certificates; (iii) the product of (x) the related Prepayment Distribution Percentage and (y) the aggregate of all Principal Prepayments in Full received in the related Prepayment Period and Curtailments received in the preceding calendar month the extent not payable to the related Senior Certificates; (iv) if such Class is the Class of Subordinate Certificates with the Highest Priority, any related Excess Subordinate Principal Amount for such Distribution Date to the extent of Eligible Funds for such Distribution Date; and (v) any amounts described in clauses (i), (ii) and (iii) as determined for any previous Distribution Date, that remain undistributed to the extent that such amounts are not attributable to Realized Losses which have been allocated to a Class of Subordinate Certificates minus (b) with respect to the Class of Group III Subordinate Certificates with the Lowest Priority, any related Excess Subordinate Principal Amount for such Distribution Date; provided, however, that the Group III Subordinate Principal Distribution Amount for any Class of Group III Subordinate Certificates on any Distribution Date shall in no event exceed the outstanding Certificate Principal Balance of such Class of Certificates immediately prior to such date. High Cost Loan: The Mortgage Loans set forth hereto as Exhibit P that are subject to special rules, disclosure requirements and other provisions that were added to the Federal Truth in Lending Act by the Home Ownership and Equity Protection Act of 1994. Highest Priority: As of any date of determination, the Class of Subordinate Certificates then outstanding with the earliest priority for payments pursuant to Section 4.02(a), in the following order: (a) with respect to the Group I Subordinate Certificates, Class M-I-1, Class M-I-2, Class M-I- 3, Class B-I-1, Class B-I-2 and Class B-I-3 Certificates, (b) with respect to the Group II Subordinate Certificates, Class M-II-1, Class M-II-2, Class M-II-3, Class B-II-1, Class B-II-2 and Class B-II-3 Certificates and (c) with respect to the Group III Subordinate Certificates, Class M-III-1, Class M- III-2, Class M-III-3, Class B-III-1, Class B-III-2 and Class B-III-3 Certificates. Independent: When used with respect to any specified Person, means such a Person who (i) is in fact independent of the Depositor, the Master Servicer and the Trustee, or any Affiliate thereof, (ii) does not have any direct financial interest or any material indirect financial interest in the Depositor, the Master Servicer or the Trustee or in an Affiliate thereof, and (iii) is not connected with the Depositor, the Master Servicer or the Trustee as an officer, employee, promoter, underwriter, trustee, partner, director or person performing similar functions. 32 Initial Certificate Principal Balance: With respect to each Class of Certificates (other than the Class A-I-3, Class AV-I and Class AV-II Certificates), the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date as set forth in the Preliminary Statement hereto. Initial Subordinate Class Percentage: With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates as of the Closing Date and the denominator of which is the related Cut-off Date Balance. Insurance Proceeds: Proceeds paid in respect of the Mortgage Loans pursuant to any Primary Insurance Policy or any other related insurance policy covering a Mortgage Loan, to the extent such proceeds are payable to the mortgagee under the Mortgage, any Subservicer, the Master Servicer or the Trustee and are not applied to the restoration of the related Mortgaged Property (or, with respect to a Cooperative Loan, the related Cooperative Apartment) or released to the Mortgagor in accordance with the procedures that the Master Servicer would follow in servicing mortgage loans held for its own account. Interest Accrual Period: With respect to any Distribution Date, the prior calendar month. Interim Certificates: As defined in Section 2.02. Late Collections: With respect to any Mortgage Loan, all amounts received during any Due Period, whether as late payments of Monthly Payments or as Insurance Proceeds, Liquidation Proceeds or otherwise, which represent late payments or collections of Monthly Payments due but delinquent for a previous Due Period and not previously recovered. Liquidation Proceeds: Amounts (other than Insurance Proceeds) received by the Master Servicer in connection with the taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or in connection with the liquidation of a defaulted Mortgage Loan through trustee's sale, foreclosure sale or otherwise, other than REO Proceeds. Loan Group: Any of Loan Group I, Loan Group II or Loan Group III. Loan Group I: The group of Mortgage Loans designated as the Group I Mortgage Loans on the Mortgage Loan Schedule in Exhibit F-1. Loan Group II: The group of Mortgage Loans designated as the Group II Mortgage Loans on the Mortgage Loan Schedule in Exhibit F-2. Loan Group III: The group of Mortgage Loans designated as the Group III Mortgage Loans on the Mortgage Loan Schedule in Exhibit F-3. Loan-to-Value Ratio: As of any date, the fraction, expressed as a percentage, the numerator 33 of which is the current principal balance of the related Mortgage Loan at the date of determination and the denominator of which is the Appraised Value of the related Mortgaged Property. Lower Priority: As of any date of determination and any Class of Subordinate Certificates, any other Class of related Subordinate Certificates then outstanding, with later priority for payments pursuant to Section 4.02(a). Lowest Priority: As of any date of determination, the Class of Subordinate Certificates then outstanding with the latest priority for payments pursuant to Section 4.02(a), in the following order: (a) with respect to the Group I Subordinate Certificates, Class B-I-3, Class B-I-2, Class B-I-1, Class M-I-3, Class M-I-2 and Class M-I-1 Certificates, (b) with respect to the Group II Subordinate Certificates, Class B-II-3, Class B-II-2, Class B-II-1, Class M-II-3, Class M-II-2 and Class M-II-1 Certificates and (c) with respect to the Group III Subordinate Certificates, Class B-III-3, Class B-III- 2, Class B-III-1, Class M-III-3, Class M-III-2 and Class M-III-1 Certificates. Maturity Date: With respect to each Class of Certificates of regular interest or Uncertificated Regular Interest issued by each of REMIC I, REMIC II, REMIC III and REMIC IV, the latest possible maturity date, solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, by which the Certificate Principal Balance of each such Class of Certificates representing a regular interest in the Trust Fund would be reduced to zero, which is, for each such regular interest other than the Group I Certificates, December 25, 2017, which is the Distribution Date following the maturity of the latest maturing Mortgage Loan, and which is for the Group II Certificates and Group III Certificates, November 25, 2032. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto. MERS(R) System: The system of recording transfers of Mortgages electronically maintained by MERS. MIN: The Mortgage Identification Number for Mortgage Loans registered with MERS on the MERS(R)System. MLCC: Merrill Lynch Credit Corporation, or its successor in interest. Modified Mortgage Loan: Any Mortgage Loan that has been the subject of a Servicing Modification. Modified Net Mortgage Rate: As to any Mortgage Loan that is the subject of a Servicing Modification, the Net Mortgage Rate minus the rate per annum by which the Mortgage Rate on such Mortgage Loan was reduced. MOM Loan: With respect to any Mortgage Loan, MERS acting as the mortgagee of such 34 Mortgage Loan, solely as nominee for the originator of such Mortgage Loan and its successors and assigns, at the origination thereof. Monthly Payment: With respect to any Mortgage Loan (including any REO Property) and the Due Date in any Due Period, the payment of principal and interest due thereon in accordance with the amortization schedule at the time applicable thereto (after adjustment, if any, for Curtailments and for Deficient Valuations occurring prior to such Due Date but before any adjustment to such amortization schedule by reason of any bankruptcy, other than a Deficient Valuation, or similar proceeding or any moratorium or similar waiver or grace period and before any Servicing Modification that constitutes a reduction of the interest rate on such Mortgage Loan). Moody's: Moody's Investors Service, Inc., or its successor in interest. Mortgage: With respect to each Mortgage Note related to a Mortgage Loan which is not a Cooperative Loan, the mortgage, deed of trust or other comparable instrument creating a first or junior lien on an estate in fee simple interest in real property securing a Mortgage Note. Mortgage File: The mortgage documents listed in Section 2.01 pertaining to a particular Mortgage Loan and any additional documents required to be added to the Mortgage File pursuant to this Agreement. Mortgage Loans: Such of the mortgage loans transferred and assigned to the Trustee pursuant to Section 2.01 as from time to time are held or deemed to be held as a part of the Trust Fund, the Mortgage Loans originally so held being identified in the initial Mortgage Loan Schedule attached hereto as Exhibit F-1, Exhibit F-2 and Exhibit F-3, and Qualified Substitute Mortgage Loans held or deemed held as part of the Trust Fund including, without limitation, (i) with respect to each Cooperative Loan, the related Mortgage Note, Security Agreement, Assignment of Proprietary Lease, Cooperative Stock Certificate, Cooperative Lease and Mortgage File and all rights appertaining thereto, and (ii) with respect to each Mortgage Loan other than a Cooperative Loan, each related Mortgage Note, Mortgage and Mortgage File and all rights appertaining thereto. Mortgage Loan Schedule: The lists of the Mortgage Loans attached hereto as Exhibit F-1, Exhibit F-2 and Exhibit F-3 (as amended from time to time to reflect the addition of Qualified Substitute Mortgage Loans), which lists shall set forth at a minimum the following information as to each Mortgage Loan: (i) the Mortgage Loan identifying number ("RFC LOAN #"); (ii) [reserved]; (iii) the maturity of the Mortgage Note ("MATURITY DATE", or "MATURITY DT" for Mortgage Loans; 35 (iv) the Mortgage Rate as of the Cut-off Date ("ORIG RATE"); (v) the Mortgage Rate as of the Cut-off Date for an adjustable rate Mortgage Loan ("CURR RATE"); (vi) the Adjusted Net Mortgage Rate or Net Mortgage Rate as of the Cut-off Date ("CURR NET"); (vii) the scheduled monthly payment of principal, if any, and interest as of the Cut- off Date ("ORIGINAL P & I" or "CURRENT P & I" for the adjustable rate Mortgage Loans); (viii) the Cut-off Date Principal Balance ("PRINCIPAL BAL"); (ix) the Loan-to-Value Ratio at origination ("LTV"); (x) a code "T", "BT" or "CT" under the column "LN FEATURE," indicating that the Mortgage Loan is secured by a second or vacation residence (the absence of any such code means the Mortgage Loan is secured by a primary residence); and (xi) a code "N" under the column "OCCP CODE", indicating that the Mortgage Loan is secured by a non-owner occupied residence (the absence of any such code means the Mortgage Loan is secured by an owner occupied residence). Such schedules may consist of multiple reports that collectively set forth all of the information required. Mortgage Note: The originally executed note or other evidence of indebtedness evidencing the indebtedness of a Mortgagor under a Mortgage Loan, together with any modification thereto. Mortgage Rate: As to any Mortgage Loan, the interest rate borne by the related Mortgage Note, or any modification thereto other than a Servicing Modification. The Mortgage Rate on the adjustable rate Mortgage Loans will adjust on each Adjustment Date to equal the sum (rounded to the nearest multiple of one-eighth of one percent (0.125%) or up to the nearest one-eighth of one percent, which are indicated by a "U" on Exhibit F hereto, as applicable. Mortgaged Property: The underlying real property securing a Mortgage Loan or, with respect to a Cooperative Loan, the related Cooperative Lease and Cooperative Stock. Mortgagor: The obligor on a Mortgage Note. Net Mortgage Rate: With respect to any Mortgage Loan as of any date of determination, a per annum rate equal to the Adjusted Mortgage Rate for such Mortgage Loan as of such date minus 36 the sum of the Servicing Fee Rate and minus the rate at which any applicable lender-paid mortgage insurance accrues. Non-Discount Mortgage Loan: A Group I Loan that is not a Group I Discount Mortgage Loan or a Group II Loan that is not a Group II Discount Loan. Non-Primary Residence Loans: The Mortgage Loans designated as secured by second or vacation residences, or by non-owner occupied residences, on the Mortgage Loan Schedule. Non-United States Person: Any Person other than a United States Person. Nonrecoverable Advance: Any Advance previously made or proposed to be made by the Master Servicer in respect of a Mortgage Loan (other than a Deleted Mortgage Loan) which, in the good faith judgment of the Master Servicer, will not, or, in the case of a proposed Advance, would not, be ultimately recoverable by the Master Servicer from related Late Collections, Insurance Proceeds, Liquidation Proceeds or REO Proceeds. Nonsubserviced Mortgage Loan: Any Mortgage Loan that, at the time of reference thereto, is not subject to a Subservicing Agreement. Notice: As defined in Section 4.04. Notional Amount: With respect to the Class A-I-3 Certificates, immediately prior to any Distribution Date, an amount equal to the Certificate Principal Balance of the Class A-I-2 Certificates. For federal income tax purposes, however, the Notional Amount of the Class A-I-3 Certificates will be equal to the Uncertificated Principal Balance of REMIC I Regular Interest LT- IA2. With respect to the Class AV-I Certificates, immediately prior to any Distribution Date, an amount equal to the Uncertificated Notional Amount of REMIC I Regular Interest LT-I-AV. With respect to the Class AV-II Certificates, immediately prior to any Distribution Date, an amount equal to the Uncertificated Notional Amount of REMIC I Regular Interest LT-II-AV. Officers' Certificate: A certificate signed by the Chairman of the Board, the President or a Vice President or Assistant Vice President, or a Director or Managing Director, and by the Treasurer, the Secretary, or one of the Assistant Treasurers or Assistant Secretaries of the Depositor or the Master Servicer, as the case may be, and delivered to the Trustee, as required by this Agreement. Opinion of Counsel: A written opinion of counsel acceptable to the Trustee and the Master Servicer, who may be counsel for the Depositor or the Master Servicer, provided that any opinion of counsel (i) referred to in the definition of "Disqualified Organization" or (ii) relating to the qualification of REMIC I, REMIC II, REMIC III or REMIC IV as REMICs or compliance with the REMIC Provisions must, unless otherwise specified, be an opinion of Independent counsel. Outstanding Mortgage Loan: As to the Due Date in any Due Period, a Mortgage Loan (including an REO Property) that was not the subject of a Principal Prepayment in Full, Cash 37 Liquidation or REO Disposition and that was not purchased, deleted or substituted for prior to such Due Date pursuant to Section 2.02, 2.03, 2.04 or 4.07. Ownership Interest: As to any Certificate, any ownership or security interest in such Certificate, including any interest in such Certificate as the Holder thereof and any other interest therein, whether direct or indirect, legal or beneficial, as owner or as pledgee. Pass-Through Rate: With respect to the Class A-I-1, Class R-I, Class R-IV, Class M-I and Class B-I Certificates, 5.50% per annum. With respect to the Class A-I-2 Certificates, 5.25% per annum. With respect to the Class A-I-3 Certificates, 0.25% per annum. With respect to the Class AV-I Certificates and any Distribution Date, a rate equal to the weighted average, expressed as a percentage, of the Pool Strip Rates of all Group I Loans as of the Due Date in the related Due Period, weighted on the basis of the respective Stated Principal Balances of such Group I Loans as of the day immediately preceding such Distribution Date (or, with respect to the initial Distribution Date, at the close of business on the Cut-off Date). With respect to the Class AV-I Certificates and the initial Distribution Date, the Pass-Through Rate is equal to approximately 0.2556% per annum. With respect to the Class A-II, Class R-II, Class M-II and Class B-II Certificates, 6.00% per annum. With respect to the Class AV-II Certificates and any Distribution Date, a rate equal to the weighted average, expressed as a percentage, of the Pool Strip Rates of all Group II Loans as of the Due Date in the related Due Period, weighted on the basis of the respective Stated Principal Balances of such Group II Loans as of the day immediately preceding such Distribution Date (or, with respect to the initial Distribution Date, at the close of business on the Cut-off Date). With respect to the Class AV-II Certificates and the initial Distribution Date, the Pass-Through Rate is equal to approximately 0.8511% per annum. With respect to the Class A-III Certificates, Class R-III Certificate, Class M-III Certificates and Class B-III Certificates on any Distribution Date, the Uncertificated REMIC II Pass-Through Rate. Paying Agent: Deutsche Bank Trust Company Americas or any successor Paying Agent appointed by the Trustee. Percentage Interest: With respect to any Class A Certificate, Class M Certificate or Class B Certificate, the undivided percentage ownership interest in the related Class evidenced by such Certificate, which percentage ownership interest shall be equal to the Initial Certificate Principal Balance thereof divided by the aggregate Initial Certificate Principal Balance of all of the Certificates of the same Class. The Percentage Interest with respect to a Class R Certificate shall be stated on the face thereof. 38 Permitted Investments: One or more of the following: (i) obligations of or guaranteed as to principal and interest by the United States or any agency or instrumentality thereof when such obligations are backed by the full faith and credit of the United States; (ii) repurchase agreements on obligations specified in clause (i) maturing not more than one month from the date of acquisition thereof, provided that the unsecured obligations of the party agreeing to repurchase such obligations are at the time rated by each Rating Agency in its highest short-term rating available; (iii) federal funds, certificates of deposit, demand deposits, time deposits and bankers' acceptances (which shall each have an original maturity of not more than 90 days and, in the case of bankers' acceptances, shall in no event have an original maturity of more than 365 days or a remaining maturity of more than 30 days) denominated in United States dollars of any U.S. depository institution or trust company incorporated under the laws of the United States or any state thereof or of any domestic branch of a foreign depository institution or trust company; provided that the debt obligations of such depository institution or trust company (or, if the only Rating Agency is Standard & Poor's, in the case of the principal depository institution in a depository institution holding company, debt obligations of the depository institution holding company) at the date of acquisition thereof have been rated by each Rating Agency in its highest short-term rating available; and provided further that, if the only Rating Agency is Standard & Poor's and if the depository or trust company is a principal subsidiary of a bank holding company and the debt obligations of such subsidiary are not separately rated, the applicable rating shall be that of the bank holding company; and, provided further that, if the original maturity of such short-term obligations of a domestic branch of a foreign depository institution or trust company shall exceed 30 days, the short-term rating of such institution shall be A-1+ in the case of Standard & Poor's if Standard & Poor's is a Rating Agency; (iv) commercial paper and demand notes (having original maturities of not more than 365 days) of any corporation incorporated under the laws of the United States or any state thereof which on the date of acquisition has been rated by each Rating Agency in its highest short-term rating available; provided that such commercial paper and demand notes shall have a remaining maturity of not more than 30 days; (v) a money market fund or a qualified investment fund rated by each Rating Agency in its highest long-term rating available; and (vi) other obligations or securities that are acceptable to each Rating Agency as a Permitted Investment hereunder and will not reduce the rating assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency, as evidenced in 39 writing; provided, however, that no instrument shall be a Permitted Investment if it represents, either (1) the right to receive only interest payments with respect to the underlying debt instrument or (2) the right to receive both principal and interest payments derived from obligations underlying such instrument and the principal and interest payments with respect to such instrument provide a yield to maturity greater than 120% of the yield to maturity at par of such underlying obligations. References herein to the highest rating available on unsecured long-term debt shall mean AAA in the case of Standard & Poor's and Fitch and Aaa in the case of Moody's, and references herein to the highest rating available on unsecured commercial paper and short-term debt obligations shall mean the following: A-1 in the case of Standard & Poor's, P-1 in the case of Moody's and either A-1 by Standard & Poor's, P-1 by Moody's or F-1 by Fitch in the case of Fitch. Permitted Transferee: Any Transferee of a Class R Certificate, other than a Disqualified Organization or Non-United States Person. Person: Any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. Pledged Asset Mortgage Servicing Agreement: The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pool Strip Rate: With respect to each Group I Loan, a per annum rate equal to the excess of (a) the Net Mortgage Rate of such Group I Loan over (b) the Group I Discount Net Mortgage Rate (but not less than 0.00%) per annum. With respect to each Group II Loan, a per annum rate equal to the excess of (a) the Net Mortgage Rate of such Group II Loan over (b) the Group II Discount Net Mortgage Rate (but not less than 0.00%) per annum. Prepayment Assumption: With respect to the Group I Certificates, a prepayment assumption of 300% of the prepayment speed assumption, used for determining the accrual of original issue discount and market discount and premium on the Group I Certificates for federal income tax purposes. With respect to the Group II Certificates, a prepayment assumption of 350% of the prepayment speed assumption, used for determining the accrual of original issue discount and market discount and premium on the Group II Certificates for federal income tax purposes. The prepayment speed assumption assumes a constant rate of prepayment of mortgage loans of 0.2% per annum of the then outstanding principal balance of such mortgage loans in the first month of the life of the mortgage loans, increasing by an additional 0.2% per annum in each succeeding month until the thirtieth month, and a constant 6% per annum rate of prepayment thereafter for the life of the mortgage loans. With respect to the Group III Certificates, the prepayment assumption to be used for determining the accrual of original issue discount and premium on the Group III Certificates for 40 federal income tax purposes, which assumes a constant prepayment rate of 30% per annum with respect to the Group III Loans. Prepayment Distribution Percentage: With respect to any Distribution Date and each Class of Subordinate Certificates, under the applicable circumstances set forth below, the respective percentages set forth below: (i) For any Distribution Date on which any Class of Subordinate Certificates in the related certificate group are outstanding: (a) in the case of the Class of Subordinate Certificates then outstanding with the Highest Priority and each other Class of Subordinate Certificates in the related certificate group for which the related Principal Payment Distribution Trigger has been satisfied, a fraction, expressed as a percentage, the numerator of which is the Certificate Principal Balance of such Class immediately prior to such date and the denominator of which is the sum of the Certificate Principal Balances immediately prior to such date of (1) the Class of Subordinate Certificates in the related certificate group then outstanding with the Highest Priority and (2) all other Classes of Subordinate Certificates in the related certificate group for which the respective Principal Payment Distribution Triggers have been satisfied; and (b) in the case of each other Class of Subordinate Certificates in the related certificate group for which the Principal Payment Distribution Triggers have not been satisfied, 0%; and (ii) Notwithstanding the foregoing, if the application of the foregoing percentages on any Distribution Date as provided in Section 4.02 (determined without regard to the proviso to the related definition of "Subordinate Principal Distribution Amount") would result in a distribution in respect of principal of any Class or Classes of Subordinate Certificates in the related certificate group in an amount greater than the remaining Certificate Principal Balance thereof (any such class, a "Maturing Class"), then: (a) the Prepayment Distribution Percentage of each Maturing Class shall be reduced to a level that, when applied as described above, would exactly reduce the Certificate Principal Balance of such Class to zero; (b) the Prepayment Distribution Percentage of each other Class of Subordinate Certificates in the related certificate group (any such Class, a "Non-Maturing Class") shall be recalculated in accordance with the provisions in paragraph (ii) above, as if the Certificate Principal Balance of each Maturing Class had been reduced to zero (such percentage as recalculated, the "Recalculated Percentage"); (c) the total amount of the reductions in the Prepayment Distribution Percentages of the Maturing Class or Classes pursuant to clause (a) of this sentence, expressed as an aggregate percentage, shall be allocated among the Non-Maturing Classes in proportion to their respective Recalculated Percentages (the portion of such aggregate reduction so allocated to any Non-Maturing Class, the "Adjustment Percentage"); and (d) for purposes of such Distribution Date, the 41 Prepayment Distribution Percentage of each Non-Maturing Class shall be equal to the sum of (1) the Prepayment Distribution Percentage thereof, calculated in accordance with the provisions in paragraph (ii) above as if the Certificate Principal Balance of each Maturing Class had not been reduced to zero, plus (2) the related Adjustment Percentage. Prepayment Interest Shortfall: As to any Distribution Date and any Mortgage Loan (other than a Mortgage Loan relating to an REO Property) that was the subject of (a) a Principal Prepayment in Full during the related Prepayment Period, an amount equal to the excess of one month's interest at the related Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) on the Stated Principal Balance of such Mortgage Loan over the amount of interest (adjusted to the related Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan)) paid by the Mortgagor for such Prepayment Period to the date of such Principal Prepayment in Full or (b) a Curtailment during the prior calendar month, an amount equal to one month's interest at the related Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) on the amount of such Curtailment. Prepayment Period: As to any Distribution Date and Principal Prepayment in Full, the period commencing on the 16th day of the month prior to the month prior to the month in which that Distribution Date occurs and ending on the 15th day of the month in which such Distribution Date occurs. Primary Insurance Policy: Each primary policy of mortgage guaranty insurance as indicated on Exhibit F with the exception of either code "23" or "96" under the column "MI CO CODE." Principal Payment Distribution Trigger: With respect to any Distribution Date and any Class of Subordinate Certificates (other than the Class M-I-1, Class M-II-1 or Class M-III-1 Certificates), a test that shall be satisfied if the fraction (expressed as a percentage) equal to the sum of the Certificate Principal Balances of such Class and each Class of Subordinate Certificates in the related certificate group with a Lower Priority than such Class immediately prior to such Distribution Date divided by the aggregate Stated Principal Balance of all of the Mortgage Loans in the related Loan Group (or related REO Properties) immediately prior to such Distribution Date is greater than or equal to the sum of the related Initial Subordinate Class Percentages of such Classes of Subordinate Certificates. Principal Prepayment: Any payment of principal or other recovery on a Mortgage Loan, including a recovery that takes the form of Liquidation Proceeds or Insurance Proceeds, which is received in advance of its scheduled Due Date and is not accompanied by an amount as to interest representing scheduled interest on such payment due on any date or dates in any month or months subsequent to the month of prepayment. Principal Prepayment in Full: Any Principal Prepayment made by a Mortgagor of the entire principal balance of a Mortgage Loan. 42 Program Guide: The Residential Funding Seller Guide for mortgage collateral sellers that participate in Residential Funding's standard mortgage programs, and Residential Funding's Servicing Guide and any other subservicing arrangements which Residential Funding has arranged to accommodate the servicing of the Mortgage Loans. Purchase Price: With respect to any Mortgage Loan (or REO Property) required to be or otherwise purchased on any date pursuant to Section 2.02, 2.03, 2.04 or 4.07, an amount equal to the sum of (i) 100% of the Stated Principal Balance thereof plus the principal portion of any related unreimbursed Advances and (ii) unpaid accrued interest at the Adjusted Mortgage Rate (or Modified Net Mortgage Rate plus the rate per annum at which the Servicing Fee is calculated in the case of a Modified Mortgage Loan) (or at the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) in the case of a purchase made by the Master Servicer) on the Stated Principal Balance thereof to the first day of the month following the month of purchase from the Due Date to which interest was last paid by the Mortgagor. Qualified Substitute Mortgage Loan: A Mortgage Loan substituted by Residential Funding or the Depositor for a Deleted Mortgage Loan which must, on the date of such substitution, as confirmed in an Officers' Certificate delivered to the Trustee, (i) have an outstanding principal balance, after deduction of the principal portion of the monthly payment due in the month of substitution (or in the case of a substitution of more than one Mortgage Loan for a Deleted Mortgage Loan, an aggregate outstanding principal balance, after such deduction), not in excess of the Stated Principal Balance of the Deleted Mortgage Loan (the amount of any shortfall to be deposited by Residential Funding, in the Custodial Account in the month of substitution); (ii) have a Mortgage Rate and a Net Mortgage Rate no lower than and not more than 1% per annum higher than the Mortgage Rate and Net Mortgage Rate, respectively, of the Deleted Mortgage Loan as of the date of substitution; (iii) have a Loan-to-Value Ratio at the time of substitution no higher than that of the Deleted Mortgage Loan at the time of substitution; (iv) have a remaining term to stated maturity not greater than (and not more than one year less than) that of the Deleted Mortgage Loan; (v) comply with each representation and warranty set forth in Sections 2.03 and 2.04 hereof and Section 4 of the Assignment Agreement and (vi) have a Pool Strip Rate equal to or greater than that of the Deleted Mortgage Loan. Notwithstanding any other provisions herein, (x) with respect to any Qualified Substitute Mortgage Loan substituted for a Deleted Mortgage Loan which was a Group I Discount Mortgage Loan or Group II Discount Mortgage Loan, such Qualified Substitute Mortgage Loan shall be deemed to be a Group I Discount Mortgage Loan or Group II Discount Mortgage Loan, respectively, and to have a Group I Discount Fraction or Group II Discount Fraction, respectively, equal to the related Discount Fraction of the Deleted Mortgage Loan and (y) in the event that the "Pool Strip Rate" of any Qualified Substitute Mortgage Loan as calculated pursuant to the definition of "Pool Strip Rate" is greater than the Pool Strip Rate of the related Deleted Mortgage Loan: (i) the Pool Strip Rate of such Qualified Substitute Mortgage Loan shall be equal to the 43 Pool Strip Rate of the related Deleted Mortgage Loan for purposes of calculating the Pass-Through Rate on the Class AV-I Certificates or Class AV-II Certificates, as applicable, and (ii) the excess of the Pool Strip Rate on such Qualified Substitute Mortgage Loan as calculated pursuant to the definition of "Pool Strip Rate" over the Pool Strip Rate on the related Deleted Mortgage Loan shall be payable to the Class R-IV Certificates pursuant to Section 4.02 hereof. Rating Agency: Fitch or Moody's. If either agency or a successor is no longer in existence, "Rating Agency" shall be such statistical credit rating agency, or other comparable Person, designated by the Depositor, notice of which designation shall be given to the Trustee and the Master Servicer. Realized Loss: With respect to each Mortgage Loan (or REO Property) as to which a Cash Liquidation or REO Disposition has occurred, an amount (not less than zero) equal to (i) the Stated Principal Balance of the Mortgage Loan (or REO Property) as of the date of Cash Liquidation or REO Disposition, plus (ii) interest (and REO Imputed Interest, if any) at the Net Mortgage Rate from the Due Date as to which interest was last paid or advanced to Certificateholders up to the last day of the month in which the Cash Liquidation (or REO Disposition) occurred on the Stated Principal Balance of such Mortgage Loan (or REO Property) outstanding during each Due Period that such interest was not paid or advanced, minus (iii) the proceeds, if any, received during the month in which such Cash Liquidation (or REO Disposition) occurred, to the extent applied as recoveries of interest at the Net Mortgage Rate and to principal of the Mortgage Loan, net of the portion thereof reimbursable to the Master Servicer or any Subservicer with respect to related Advances or expenses as to which the Master Servicer or Subservicer is entitled to reimbursement thereunder but which have not been previously reimbursed. With respect to each Mortgage Loan which is the subject of a Servicing Modification, (a) the amount by which the interest portion of a Monthly Payment or the principal balance of such Mortgage Loan was reduced, and (b) any such amount with respect to a Monthly Payment that was or would have been due in the month immediately following the month in which a Principal Prepayment or the Purchase Price of such Mortgage Loan is received or is deemed to have been received. With respect to each Mortgage Loan which has become the subject of a Deficient Valuation, the difference between the principal balance of the Mortgage Loan outstanding immediately prior to such Deficient Valuation and the principal balance of the Mortgage Loan as reduced by the Deficient Valuation. With respect to each Mortgage Loan which has become the object of a Debt Service Reduction, the amount of such Debt Service Reduction. Notwithstanding the above, neither a Deficient Valuation nor a Debt Service Reduction shall be deemed a Realized Loss hereunder so long as the Master Servicer has notified the Trustee in writing that the Master Servicer is diligently pursuing any remedies that may exist in connection with the representations and warranties made regarding the related Mortgage Loan and either (A) the related Mortgage Loan is not in default with regard to payments due thereunder or (B) delinquent payments of principal and interest under the related Mortgage Loan and any premiums on any applicable primary hazard insurance policy and any related escrow payments in respect of such Mortgage Loan 44 are being advanced on a current basis by the Master Servicer or a Subservicer, in either case without giving effect to any Debt Service Reduction. Record Date: With respect to each Distribution Date, the close of business on the last Business Day of the month next preceding the month in which the related Distribution Date occurs. Regular Interest: Any one of the REMIC regular interests in the Trust Fund. Relief Act: The Soldiers' and Sailors' Civil Relief Act of 1940, as amended. REMIC: A "real estate mortgage investment conduit" within the meaning of Section 860D of the Code. REMIC Administrator: Residential Funding Corporation. If Residential Funding Corporation is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement the Master Servicer or Trustee acting as Master Servicer shall appoint a successor REMIC Administrator, subject to assumption of the REMIC Administrator obligations under this Agreement. REMIC I: The segregated pool of assets subject hereto, constituting a portion of the primary trust created hereby and to be administered hereunder, with respect to which a separate REMIC election is to be made (other than with respect to the items in clause (v) and the proceeds thereof), consisting of: (i) the Group I Mortgage Loans and the related Mortgage Files; (ii) all payments on and collections in respect of the Group I Mortgage Loans due after the Cut-off Date (other than Monthly Payments due in December 2002) as shall be on deposit in the Custodial Account or in the Certificate Account and identified as belonging to the Trust Fund; (iii) property which secured a Group I Mortgage Loan and which has been acquired for the benefit of the Certificateholders by foreclosure or deed in lieu of foreclosure; (iv) the hazard insurance policies and Primary Insurance Policy pertaining to the Group I Mortgage Loans, if any; and (v) all proceeds of clauses (i) through (iv) above. REMIC I Regular Interests: REMIC I Regular Interest LT-IA1, REMIC I Regular Interest LT-IA2, REMIC I Regular Interest LT-I-AV and REMIC I Regular Interest LT-I-AP. REMIC I Regular Interest LT-IA1: A regular interest in REMIC I that is held as an asset of 45 REMIC IV, that has an initial principal balance equal to the related Uncertificated Principal Balance, that bears interest at the related Uncertificated REMIC I Pass-Through Rate, and that has such other terms as are described herein. REMIC I Regular Interest LT-IA2: A regular interest in REMIC I that is held as an asset of REMIC IV, that has an initial principal balance equal to the related Uncertificated Principal Balance, that bears interest at the related Uncertificated REMIC I Pass-Through Rate, and that has such other terms as are described herein. REMIC I Regular Interest LT-I-AV: A regular interest in REMIC I that is held as an asset of REMIC IV, that has an initial notional amount equal to$209,389,729.32, that bears interest at the related Uncertificated REMIC I Pass-Through Rate, and that has such other terms as are described herein. REMIC I Regular Interest LT-I-AP: A regular interest in REMIC I that is held as an asset of REMIC IV, that has an initial principal balance equal to the related Uncertificated Principal Balance, and that has such other terms as are described herein. REMIC II: The segregated pool of assets subject hereto, constituting a portion of the primary trust created hereby and to be administered hereunder, with respect to which a separate REMIC election is to be made (other than with respect to the items in clause (v) and the proceeds thereof), consisting of: (i) the Group II Mortgage Loans and the related Mortgage Files; (ii) all payments on and collections in respect of the Group II Mortgage Loans due after the Cut-off Date (other than Monthly Payments due in December 2002) as shall be on deposit in the Custodial Account or in the Certificate Account and identified as belonging to the Trust Fund; (iii) property which secured a Group II Mortgage Loan and which has been acquired for the benefit of the Certificateholders by foreclosure or deed in lieu of foreclosure; (iv) the hazard insurance policies and Primary Insurance Policy pertaining to the Group II Mortgage Loans, if any; and (v) all proceeds of clauses (i) through (iv) above. REMIC II Regular Interests: REMIC II Regular Interest LT-II, REMIC II Regular Interest LT-II-AV and REMIC II Regular Interest LT-II-AP. REMIC II Regular Interest LT-II: A regular interest in REMIC II that is held as an asset of REMIC IV, that has an initial principal balance equal to the related Uncertificated Principal Balance, 46 that bears interest at the related Uncertificated REMIC II Pass-Through Rate, and that has such other terms as are described herein. REMIC II Regular Interest LT-II-AV: A regular interest in REMIC II that is held as an asset of REMIC IV, that has an initial notional amount equal to $43,784,073.03, that bears interest at the related Uncertificated REMIC II Pass-Through Rate, and that has such other terms as are described herein. REMIC II Regular Interest LT-II-AP: A regular interest in REMIC II that is held as an asset of REMIC IV, that has an initial principal balance equal to the related Uncertificated Principal Balance, and that has such other terms as are described herein. REMIC III: The segregated pool of assets subject hereto, constituting a portion of the primary trust created hereby and to be administered hereunder, with respect to which a separate REMIC election is to be made (other than with respect to the items in clause (v) and the proceeds thereof), consisting of: (i) the Group III Mortgage Loans and the related Mortgage Files; (ii) all payments on and collections in respect of the Group III Mortgage Loans due after the Cut-off Date (other than Monthly Payments due in December 2002) as shall be on deposit in the Custodial Account or in the Certificate Account and identified as belonging to the Trust Fund, including the proceeds from the liquidation of Additional Collateral for any Additional Collateral Loan; (iii) property which secured a Group III Mortgage Loan and which has been acquired for the benefit of the Certificateholders by foreclosure or deed in lieu of foreclosure; (iv) the hazard insurance policies and Primary Insurance Policy pertaining to the Group III Mortgage Loans, if any, and the interest in the Surety Bond transferred to the Trustee pursuant to Section 2.01; and (v) all proceeds of clauses (i) through (iv) above. REMIC III Regular Interest LT-III: A regular interest in REMIC III that is held as an asset of REMIC IV, that has an initial principal balance equal to the related Uncertificated Principal Balance, that bears interest at the related Uncertificated REMIC III Pass-Through Rate, and that has such other terms as are described herein. REMIC IV: The segregated pool of assets subject hereto, constituting a portion of the primary trust created hereby and to be administered hereunder, with respect to which a separate REMIC election is to be made, consisting of the REMIC I Regular Interests, the REMIC II Regular Interests and the REMIC III Regular Interests. 47 REMIC Provisions: Provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at Sections 860A through 860G of Subchapter M of Chapter 1 of the Code, and related provisions, and temporary and final regulations (or, to the extent not inconsistent with such temporary or final regulations, proposed regulations) and published rulings, notices and announcements promulgated thereunder, as the foregoing may be in effect from time to time. REO Acquisition: The acquisition by the Master Servicer on behalf of the Trustee for the benefit of the Certificateholders of any REO Property pursuant to Section 3.14. REO Disposition: As to any REO Property, a determination by the Master Servicer that it has received substantially all Insurance Proceeds, Liquidation Proceeds, REO Proceeds and other payments and recoveries (including proceeds of a final sale) which the Master Servicer expects to be finally recoverable from the sale or other disposition of the REO Property. REO Imputed Interest: As to any REO Property, for any period, an amount equivalent to interest (at a rate equal to the sum of the Net Mortgage Rate that would have been applicable to the related Mortgage Loan had it been outstanding) on the unpaid principal balance of the Mortgage Loan as of the date of acquisition thereof for such period. REO Proceeds: Proceeds, net of expenses, received in respect of any REO Property (including, without limitation, proceeds from the rental of the related Mortgaged Property or, with respect to a Cooperative Loan, the related Cooperative Apartment) which proceeds are required to be deposited into the Custodial Account only upon the related REO Disposition. REO Property: A Mortgaged Property acquired by the Master Servicer through foreclosure or deed in lieu of foreclosure in connection with a defaulted Mortgage Loan. Repurchase Event: As defined in the Assignment Agreement. Request for Release: A request for release, the forms of which are attached as Exhibit G hereto, or an electronic request in a form acceptable to the Custodian. Required Insurance Policy: With respect to any Mortgage Loan, any insurance policy which is required to be maintained from time to time under this Agreement, the Program Guide or the related Subservicing Agreement in respect of such Mortgage Loan. Required Surety Payment: With respect to any Additional Collateral Loan that has been liquidated, the lesser of (i) the principal portion of the Realized Loss with respect to such Mortgage Loan and (ii) the excess, if any, of (a) the amount of Additional Collateral required at origination with respect to such Mortgage Loan over (b) the net proceeds realized by the Subservicer from the related Additional Collateral. 48 Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto. Responsible Officer: When used with respect to the Trustee, any officer of the Corporate Trust Department of the Trustee, including any Senior Vice President, any Vice President, any Assistant Vice President, any Assistant Secretary, any Trust Officer or Assistant Trust Officer, or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers to whom, with respect to a particular matter, such matter is referred. Security Agreement: With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock. Seller's Agreement: An agreement for the origination and sale of Mortgage Loans generally in the form of the Seller Contract referred to or contained in the Program Guide, or in such other form as has been approved by the Master Servicer and the Depositor, each containing representations and warranties in respect of one or more Mortgage Loans consistent in all material respects with those set forth in the Program Guide. Senior Accelerated Distribution Percentage: The Group I Senior Accelerated Distribution Percentage, Group II Senior Accelerated Distribution Percentage or Group III Senior Accelerated Distribution Percentage. Senior Certificates: Any one of the Class A or Class R Certificates. Senior Interest Distribution Amount: The Group I Senior Interest Distribution Amount, Group II Senior Interest Distribution Amount or Group III Senior Interest Distribution Amount. Senior Percentage: The Group I Senior Percentage, Group II Senior Percentage or Group III Senior Percentage. Senior Principal Distribution Amount: The Group I Senior Principal Distribution Amount, Group II Senior Principal Distribution Amount or Group III Senior Principal Distribution Amount. Servicing Accounts: The account or accounts created and maintained pursuant to Section 3.08. Servicing Advances: All customary, reasonable and necessary "out of pocket" costs and expenses incurred in connection with a default, delinquency or other unanticipated event by the Master Servicer in the performance of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property or, with respect to a Cooperative Loan, the related Cooperative Apartment, (ii) any enforcement or judicial proceedings, including foreclosures, including any expenses incurred in relation to any such proceedings that result from the Mortgage Loan being registered on the MERS(R) System, (iii) the management and 49 liquidation of any REO Property and (iv) compliance with the obligations under Sections 3.01, 3.08, 3.12(a) and 3.14, including, if the Master Servicer or any Affiliate of the Master Servicer provides services such as appraisals and brokerage services that are customarily provided by Persons other than servicers of mortgage loans, reasonable compensation for such services. Servicing Fee: With respect to any Mortgage Loan and Distribution Date, the fee payable monthly to the Master Servicer in respect of master servicing compensation that accrues at an annual rate equal to the Servicing Fee Rate multiplied by the Stated Principal Balance of such Mortgage Loan as of the related Due Date in the related Due Period, as may be adjusted pursuant to Section 3.16(e). Servicing Fee Rate: The per annum rate designated on the Mortgage Loan Schedule as the "MSTR SERV FEE," as may be adjusted with respect to successor Master Servicers as provided in Section 7.02. Servicing Modification: Any reduction of the interest rate on or the outstanding principal balance of a Mortgage Loan that is in default or, in the judgment of the Master Servicer, default is reasonably foreseeable pursuant to a modification of such Mortgage Loan in accordance with Section 3.07(a). Servicing Officer: Any officer of the Master Servicer involved in, or responsible for, the administration and servicing of the Mortgage Loans whose name and specimen signature appear on a list of servicing officers furnished to the Trustee by the Master Servicer, as such list may from time to time be amended. Special Hazard Amount: The Group I Special Hazard Amount, Group II Special Hazard Amount or Group III Special Hazard Amount. Special Hazard Loss: Any Realized Loss not in excess of the cost of the lesser of repair or replacement of a Mortgaged Property (or, with respect to a Cooperative Loan, the related Cooperative Apartment) suffered by such Mortgaged Property (or Cooperative Apartment) on account of direct physical loss, exclusive of (i) any loss of a type covered by a hazard policy or a flood insurance policy required to be maintained in respect of such Mortgaged Property pursuant to Section 3.12(a), except to the extent of the portion of such loss not covered as a result of any coinsurance provision and (ii) any Extraordinary Loss. Standard & Poor's: Standard & Poor's, a division of The McGraw-Hill Companies, or its successor in interest. Startup Date: The day designated as such pursuant to Article X hereof. Stated Principal Balance: With respect to any Mortgage Loan or related REO Property, at any given time, (i) the Cut-off Date Principal Balance of the Mortgage Loan, minus (ii) the sum of 50 (a) the principal portion of the Monthly Payments due with respect to such Mortgage Loan or REO Property during each Due Period ending prior to the most recent Distribution Date which were received or with respect to which an Advance was made, and (b) all Principal Prepayments with respect to such Mortgage Loan or REO Property, and all Insurance Proceeds, Liquidation Proceeds and REO Proceeds, to the extent applied by the Master Servicer as recoveries of principal in accordance with Section 3.14 with respect to such Mortgage Loan or REO Property, in each case which were distributed pursuant to Section 4.02 on any previous Distribution Date, and (c) any Realized Loss allocated to Certificateholders with respect thereto for any previous Distribution Date. Subordinate Certificate: Any one of the Class M Certificates or Class B Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B and Exhibit C, respectively. Subordinate Percentage: As of any Distribution Date, as determined separately for each Loan Group, 100% minus the related Senior Percentage as of such Distribution Date. Subordinate Principal Distribution Amount: The Group I Subordinate Principal Distribution Amount, Group II Subordinate Principal Distribution Amount or Group III Subordinate Principal Distribution Amount. Subordination: The provisions described in Section 4.05 relating to the allocation of Realized Losses. Subserviced Mortgage Loan: Any Mortgage Loan that, at the time of reference thereto, is subject to a Subservicing Agreement. Subservicer: Any Person with whom the Master Servicer has entered into a Subservicing Agreement and who generally satisfied the requirements set forth in the Program Guide in respect of the qualification of a Subservicer as of the date of its approval as a Subservicer by the Master Servicer. Subservicer Advance: Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement. Subservicing Account: An account established by a Subservicer in accordance with Section 3.08. Subservicing Agreement: The written contract between the Master Servicer and any Subservicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02, generally in the form of the servicer contract referred to or contained in the Program Guide or in such other form as has been approved by the Master Servicer and the Depositor. With respect to Additional Collateral Loans subserviced by MLCC, the Subservicing Agreement shall also 51 include the Addendum and Assignment Agreement and the Pledged Asset Mortgage Servicing Agreement. Subservicing Fee: As to any Mortgage Loan, the fee payable monthly to the related Subservicer (or, in the case of a Nonsubserviced Mortgage Loan, to the Master Servicer) in respect of subservicing and other compensation that accrues with respect to each Distribution Date at an annual rate designated as "SUBSERV FEE" in Exhibit F. Surety: Ambac Assurance Corporation, or its successors in interest. Surety Bond: The Limited Purpose Surety Bond (Policy No. AB0039BE), dated February 28, 1996 in respect to Mortgage Loans originated by MLCC, or the Surety Bond (Policy No. AB0240BE), dated March 17, 1999 in respect to Mortgage Loans originated by Novus Financial Corporation, in each case issued by Ambac for the benefit of certain beneficiaries, including the Trustee for the benefit of the Holders of the Certificates, but only to the extent that such Surety Bond covers any Additional Collateral Loans. Tax Returns: The federal income tax return on Internal Revenue Service Form 1066, U.S. Real Estate Mortgage Investment Conduit Income Tax Return, including Schedule Q thereto, Quarterly Notice to Residual Interest Holders of REMIC Taxable Income or Net Loss Allocation, or any successor forms, to be filed on behalf of REMIC I, REMIC II, REMIC III and REMIC IV due to their classification as REMICs under the REMIC Provisions, together with any and all other information, reports or returns that may be required to be furnished to the Certificateholders or filed with the Internal Revenue Service or any other governmental taxing authority under any applicable provisions of federal, state or local tax laws. Transfer: Any direct or indirect transfer, sale, pledge, hypothecation or other form of assignment of any Ownership Interest in a Certificate. Transferee: Any Person who is acquiring by Transfer any Ownership Interest in a Certificate. Transferor: Any Person who is disposing by Transfer of any Ownership Interest in a Certificate. Trust Fund: Collectively, the assets of REMIC I, REMIC II, REMIC III and REMIC IV. Uniform Single Attestation Program for Mortgage Bankers: The Uniform Single Attestation Program for Mortgage Bankers, as published by the Mortgage Bankers Association of America and effective with respect to fiscal periods ending on or after December 15, 1995. Uncertificated Accrued Interest: With respect to any REMIC I Regular Interest, REMIC II Regular Interest or REMIC III Regular Interest for any Distribution Date, except for REMIC I Regular Interest LT-I-AP and REMIC II Regular Interest LT-II-AP, one month's interest at the 52 related Uncertificated Pass-Through Rate for such Distribution Date, accrued on the Uncertificated Principal Balance or Uncertificated Notional Amount, as applicable, immediately prior to such Distribution Date. Uncertificated Accrued Interest for the Uncertificated Regular Interests shall accrue on the basis of a 360-day year consisting of twelve 30-day months. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC I Regular Interests for any Distribution Date, any Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Group I Mortgage Loans for any Distribution Date shall be allocated first to REMIC I Regular Interests LT-IA1 and LT-IA2, and then to REMIC I Regular Interest LT-I-AV, in each case to the extent of one month's interest at the then applicable respective Uncertificated REMIC I Pass-Through Rate on the respective Uncertificated Principal Balance of each such Uncertificated REMIC I Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC II Regular Interests for any Distribution Date, any Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Group II Mortgage Loans for any Distribution Date shall be allocated first to REMIC II Regular Interest LT- II, and then to REMIC II Regular Interest LT-II-AV, in each case to the extent of one month's interest at the then applicable respective Uncertificated REMIC II Pass-Through Rate on the respective Uncertificated Principal Balance of each such Uncertificated REMIC II Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC III Regular Interests for any Distribution Date, any Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Group III Mortgage Loans for any Distribution Date shall be allocated to REMIC III Regular Interest LT-III, to the extent of one month's interest at the then applicable respective Uncertificated REMIC III Pass-Through Rate on the Uncertificated Principal Balance of such Uncertificated REMIC III Regular Interest. Uncertificated Notional Amount: With respect to REMIC I Regular Interest LT-I-AV and REMIC II Regular Interest LT-II-AV, the aggregate Stated Principal Balance of the Group I Mortgage Loans and Group II Mortgage Loans, respectively, as of the day immediately preceding such Distribution Date (or, with respect to the initial Distribution Date, at the close of business on the Cut-off Date). Uncertificated Pass-Through Rate: The Uncertificated REMIC I, Uncertificated REMIC II or Uncertificated REMIC III Pass-Through Rate. Uncertificated Principal Balance: The principal amount of any REMIC I Regular Interest, REMIC II Regular Interest or REMIC III Regular Interest outstanding as of any date of determination. The Uncertificated Principal Balance of each REMIC I Regular Interest, REMIC II Regular Interest or REMIC III Regular Interest shall never be less than zero. Uncertificated REMIC I LT-I-AV Notional Amount: With respect to each Uncertificated REMIC I LT-I-AV Regular Interest, an amount equal to the aggregate Stated Principal Balance of the related Group I Non-Discount Mortgage Loans. 53 Uncertificated REMIC II LT-II-AV Notional Amount: With respect to each Uncertificated REMIC II LT-II-AV Regular Interest, an amount equal to the aggregate Stated Principal Balance of the related Group II Non-Discount Mortgage Loans. Uncertificated REMIC I Pass-Through Rate: With respect to any Distribution Date, a per annum rate equal to 5.50%. Uncertificated REMIC II Pass-Through Rate: With respect to any Distribution Date, a per annum rate equal to 6.00%. Uncertificated REMIC III Pass-Through Rate: With respect to any Distribution Date, a per annum rate equal to the Weighted Average Net Mortgage Rate on the Group III Mortgage Loans. Uncertificated Regular Interests: The REMIC I Regular Interests, REMIC II Regular Interests and REMIC III Regular Interests. Uninsured Cause: Any cause of damage to property subject to a Mortgage such that the complete restoration of such property is not fully reimbursable by the hazard insurance policies. United States Person: A citizen or resident of the United States, a corporation, partnership or other entity (treated as a corporation or partnership for United States federal income tax purposes) created or organized in, or under the laws of, the United States, any state thereof, or the District of Columbia (except in the case of a partnership, to the extent provided in Treasury regulations) provided that, for purposes solely of the restrictions on the transfer of Class R Certificates, no partnership or other entity treated as a partnership for United States federal income tax purposes shall be treated as a United States Person unless all persons that own an interest in such partnership either directly or through any entity that is not a corporation for United States federal income tax purposes are required by the applicable operative agreement to be United States Persons, or an estate that is described in Section 7701(a)(30)(D) of the Code, or a trust that is described in Section 7701(a)(30)(E) of the Code. VA: The Veterans Administration, or its successor. Voting Rights: The portion of the voting rights of all of the Certificates which is allocated to any Certificate. 95.00% of all of the Voting Rights shall be allocated among Holders of the Class A Certificates (other than the Class A-I-3, Class AV-I and Class AV-II Certificates), Class M Certificates and Class B Certificates, in proportion to the outstanding Certificate Principal Balances of their respective Certificates; 1% of all of the Voting Rights shall be allocated among the Holders of the Class A-I-3 Certificates; 1% of all of the Voting Rights shall be allocated among the Holders of the Class AV-I Certificates; 1% of all of the Voting Rights shall be allocated among the Holders of the Class AV-II Certificates; 0.50%, 0.50%, 0.50% and 0.50% of all of the Voting Rights shall be allocated among the Holders of the Class R-I, Class R-II, Class R-III and Class R-IV Certificates, respectively; in each case to be allocated among the Certificates of such Class in accordance with 54 their respective Percentage Interest. Weighted Average Net Mortgage Rate: A per annum rate equal to the weighted average of the Net Mortgage Rates (or, if applicable, the Modified Net Mortgage Rates) on the related Mortgage Loans using the Net Mortgage Rates in effect for the Monthly Payments due on such Mortgage Loans during the related Due Period, weighted on the basis of the respective Stated Principal Balances thereof for such Distribution Date. 55 ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES Section 2.01 Conveyance of Mortgage Loans. (a) The Depositor, concurrently with the execution and delivery hereof, does hereby assign to the Trustee without recourse, all the right, title and interest of the Depositor in and to (i) the Mortgage Loans, including all interest and principal received on or with respect to the Mortgage Loans after the Cut-off Date (other than payments of principal and interest due on the Mortgage Loans in the month of December 2002); and (ii) all proceeds of the foregoing. (b) In connection with such assignment, and contemporaneously with the delivery of this Agreement, except as set forth in Section 2.01(c) below, the Depositor does hereby deliver to, and deposit with, the Trustee, or to and with one or more Custodians, as the duly appointed agent or agents of the Trustee for such purpose, the following documents or instruments (or copies thereof as permitted by this Section) with respect to each Mortgage Loan so assigned: (I) with respect to each Mortgage Loan so assigned (other than a Cooperative Loan): (i) The original Mortgage Note, endorsed without recourse to the order of the Trustee and showing an unbroken chain of endorsements from the originator thereof to the Person endorsing it to the Trustee, or with respect to any Destroyed Mortgage Note, an original lost note affidavit from the related Seller or Residential Funding stating that the original Mortgage Note was lost, misplaced or destroyed, together with a copy of the related Mortgage Note; (ii) The original Mortgage, noting the presence of the MIN of the Mortgage Loan and language indicating that the Mortgage Loan is a MOM Loan if the Mortgage Loan is a MOM Loan, with evidence of recording thereon or, if the original Mortgage has not yet been returned from the public recording office, a copy of the original Mortgage with evidence of recording indicated thereon; (iii) Unless the Mortgage Loan is registered on the MERS(R) System, the assignment (which may be included in one or more blanket assignments if permitted by applicable law) of the Mortgage to the Trustee with evidence of recording indicated thereon or a copy of such assignment with evidence of recording indicated thereon; (iv) The original recorded assignment or assignments of the Mortgage showing an unbroken chain of title from the originator to the Person assigning it to the Trustee (or to MERS, if the Mortgage Loan is registered on the MERS(R) System and noting the presence of a MIN) with evidence of recordation noted thereon or attached thereto, or a copy of such 56 assignment or assignments of the Mortgage with evidence of recording indicated thereon; and (v) The original of each modification, assumption agreement or preferred loan agreement, if any, relating to such Mortgage Loan, or a copy of each modification, assumption agreement or preferred loan agreement; and (II) with respect to each Cooperative Loan so assigned: (i) The original Mortgage Note, endorsed without recourse to the order of the Trustee and showing an unbroken chain of endorsements from the originator thereof to the Person endorsing it to the Trustee, or with respect to any Destroyed Mortgage Note, an original lost note affidavit from the related Seller or Residential Funding stating that the original Mortgage Note was lost, misplaced or destroyed, together with a copy of the related Mortgage Note; (ii) A counterpart of the Cooperative Lease and the Assignment of Proprietary Lease to the originator of the Cooperative Loan with intervening assignments showing an unbroken chain of title from such originator to the Trustee; (iii) The related Cooperative Stock Certificate, representing the related Cooperative Stock pledged with respect to such Cooperative Loan, together with an undated stock power (or other similar instrument) executed in blank; (iv) The original recognition agreement by the Cooperative of the interests of the mortgagee with respect to the related Cooperative Loan; (v) The Security Agreement; (vi) Copies of the original UCC-1 financing statement, and any continuation statements, filed by the originator of such Cooperative Loan as secured party, each with evidence of recording thereof, evidencing the interest of the originator under the Security Agreement and the Assignment of Proprietary Lease; (vii) Copies of the filed UCC-3 assignments of the security interest referenced in clause (vi) above showing an unbroken chain of title from the originator to the Trustee, each with evidence of recording thereof, evidencing the interest of the originator under the Security Agreement and the Assignment of Proprietary Lease; (viii) An executed assignment of the interest of the originator in the Security Agreement, Assignment of Proprietary Lease and the recognition agreement referenced in clause (iv) above, showing an unbroken chain of title from the originator to the Trustee; 57 (ix) The original of each modification, assumption agreement or preferred loan agreement, if any, relating to such Cooperative Loan; and (x) A duly completed UCC-1 financing statement showing Residential Funding as debtor, the Company as secured party and the Trustee as assignee and a duly completed UCC-1 financing statement showing the Company as debtor and the Trustee as secured party, each in a form sufficient for filing, evidencing the interest of such debtors in the Cooperative Loans. (c) The Depositor may, in lieu of delivering the documents set forth in Section 2.01(b)(I)(ii), (iii), (iv) and (v) and Section (b)(II)(ii), (iv), (vii), (ix) and (x) to the Trustee or the Custodian or Custodians, deliver such documents to the Master Servicer, and the Master Servicer shall hold such documents in trust for the use and benefit of all present and future Certificateholders until such time as is set forth below. Within thirty Business Days following the earlier of (i) the receipt of the original of all of the documents or instruments set forth in Section 2.01(b)(I)(ii), (iii), (iv) and (v) and Section (b)(II)(ii), (iv), (vii), (ix) and (x) (or copies thereof as permitted by such Section) for any Mortgage Loan and (ii) a written request by the Trustee to deliver those documents with respect to any or all of the Mortgage Loans then being held by the Master Servicer, the Master Servicer shall deliver a complete set of such documents to the Trustee or the Custodian or Custodians that are the duly appointed agent or agents of the Trustee. On the Closing Date, the Master Servicer shall certify that it has in its possession an original or copy of each of the documents referred to in Section 2.01(b)(I)(ii), (iii), (iv) and (v) and Section (b)(II)(ii), (iv), (vii), (ix) and (x) which has been delivered to it by the Depositor. (d) In connection with any Mortgage Loan, if the Depositor cannot deliver the Mortgage, any assignment, modification, assumption agreement or preferred loan agreement (or copy thereof as permitted by Section 2.01(b)) with evidence of recording thereon concurrently with the execution and delivery of this Agreement because of (i) a delay caused by the public recording office where such Mortgage, assignment, modification, assumption agreement or preferred loan agreement as the case may be, has been delivered for recordation, or (ii) a delay in the receipt of certain information necessary to prepare the related assignments, the Depositor shall deliver or cause to be delivered to the Trustee or the respective Custodian a copy of such Mortgage, assignment, modification, assumption agreement or preferred loan agreement. The Depositor shall promptly cause to be recorded in the appropriate public office for real property records the Assignment referred to in clause (I)(iii) of Section 2.01(b), except (a) in states where, in the opinion of counsel acceptable to the Trustee and the Master Servicer, such recording is not required to protect the Trustee's interests in the Mortgage Loan or (b) if MERS is identified on the Mortgage or on a properly recorded assignment of the Mortgage as the mortgagee of record solely as nominee for Residential Funding and its successors and assigns, and shall promptly cause to be filed the Form UCC-3 assignment and UCC-1 financing statement referred to in clause (II)(vii) and (x), respectively, of Section 2.01(b). If any Assignment, Form UCC-3 or Form UCC-1, as applicable, is lost or returned unrecorded to the Depositor because of any defect therein, the 58 Depositor shall prepare a substitute Assignment, Form UCC-3 or Form UCC-1, as applicable, or cure such defect, as the case may be, and cause such Assignment to be recorded in accordance with this paragraph. The Depositor shall promptly deliver or cause to be delivered to the Trustee or the respective Custodian such Mortgage or assignment, Form UCC-3 or Form UCC-1, as applicable, (or copy thereof as permitted by Section 2.01(b)) with evidence of recording indicated thereon upon receipt thereof from the public recording office or from the related Subservicer. In connection with its servicing of Cooperative Loans, the Master Servicer will use its best efforts to file timely continuation statements with regard to each financing statement and assignment relating to Cooperative Loans as to which the related Cooperative Apartment is located outside of the State of New York. If the Depositor delivers to the Trustee or Custodian any Mortgage Note or Assignment of Mortgage in blank, the Depositor shall, or shall cause the Custodian to, complete the endorsement of the Mortgage Note and the Assignment of Mortgage in the name of the Trustee in conjunction with the Interim Certification issued by the Custodian, as contemplated by Section 2.02. In connection with the assignment of any Mortgage Loan registered on the MERS(R) System, the Depositor further agrees that it will cause, at the Depositor's own expense, within 30 days after the Closing Date, the MERS(R) System to indicate that such Mortgage Loans have been assigned by the Depositor to the Trustee in accordance with this Agreement for the benefit of the Certificateholders by including (or deleting, in the case of Mortgage Loans which are repurchased in accordance with this Agreement) in such computer files (a) the code in the field which identifies the specific Trustee and (b) the code in the field "Pool Field" which identifies the series of the Certificates issued in connection with such Mortgage Loans. The Depositor further agrees that it will not, and will not permit the Master Servicer to, and the Master Servicer agrees that it will not, alter the codes referenced in this paragraph with respect to any Mortgage Loan during the term of this Agreement unless and until such Mortgage Loan is repurchased in accordance with the terms of this Agreement. (e) It is intended that the conveyances by the Depositor to the Trustee of the Mortgage Loans as provided for in this Section 2.01 be construed as a sale by the Depositor to the Trustee of the Mortgage Loans for the benefit of the Certificateholders. Further, it is not intended that any such conveyance be deemed to be a pledge of the Mortgage Loans by the Depositor to the Trustee to secure a debt or other obligation of the Depositor. However, in the event that the Mortgage Loans are held to be property of the Depositor or of Residential Funding, or if for any reason this Agreement is held or deemed to create a security interest in the Mortgage Loans, then it is intended that (a) this Agreement shall also be deemed to be a security agreement within the meaning of Articles 8 and 9 of the New York Uniform Commercial Code and the Uniform Commercial Code of any other applicable jurisdiction; (b) the conveyances provided for in this Section 2.01 shall be deemed to be (1) a grant by the Depositor to the Trustee of a security interest in all of the Depositor's right (including the power to convey title thereto), title and interest, whether now owned or hereafter acquired, in and to (A) the Mortgage Loans, including (i) with respect to each Cooperative Loan, the related Mortgage Note, Security Agreement, Assignment of Proprietary Lease, Cooperative Stock 59 Certificate and Cooperative Lease, (ii) with respect to each Mortgage Loan other than a Cooperative Loan, the related Mortgage Note and Mortgage, (B) all amounts payable pursuant to the Mortgage Loans in accordance with the terms thereof and (C) any and all general intangibles consisting of, arising from or relating to any of the foregoing, and all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including without limitation all amounts from time to time held or invested in the Certificate Account or the Custodial Account, whether in the form of cash, instruments, securities or other property and (2) an assignment by the Depositor to the Trustee of any security interest in any and all of Residential Funding's right (including the power to convey title thereto), title and interest, whether now owned or hereafter acquired, in and to the property described in the foregoing clauses (1)(A), (B) and (C) granted by Residential Funding to the Depositor pursuant to the Assignment Agreement; (c) the possession by the Trustee, the Custodian or any other agent of the Trustee of Mortgage Notes or such other items of property as constitute instruments, money, negotiable documents or chattel paper shall be deemed to be "possession by the secured party," or possession by a purchaser or a person designated by such secured party, for purposes of perfecting the security interest pursuant to the Uniform Commercial Code as in effect in the States of New York and Minnesota and any other applicable jurisdiction; and (d) notifications to persons holding such property, and acknowledgments, receipts or confirmations from persons holding such property, shall be deemed notifications to, or acknowledgments, receipts or confirmations from, financial intermediaries, bailees or agents (as applicable) of the Trustee for the purpose of perfecting such security interest under applicable law. The Depositor and, at the Depositor's direction, Residential Funding and the Trustee shall, to the extent consistent with this Agreement, take such reasonable actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Mortgage Loans and the other property described above, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of this Agreement. Without limiting the generality of the foregoing, the Depositor shall prepare and deliver to the Trustee not less than 15 days prior to any filing date and, the Trustee shall forward for filing, or shall cause to be forwarded for filing, at the expense of the Depositor, all filings necessary to maintain the effectiveness of any original filings necessary under the Uniform Commercial Code as in effect in any jurisdiction to perfect the Trustee's security interest in or lien on the Mortgage Loans as evidenced by an Officers' Certificate of the Depositor, including without limitation (x) continuation statements, and (y) such other statements as may be occasioned by (1) any change of name of Residential Funding, the Depositor or the Trustee (such preparation and filing shall be at the expense of the Trustee, if occasioned by a change in the Trustee's name), (2) any change of location of the place of business or the chief executive office of Residential Funding or the Depositor or (3) any transfer of any interest of Residential Funding or the Depositor in any Mortgage Loan. (f) Residential Funding hereby assigns to the Trustee its security interest in and to any Additional Collateral, its right to receive amounts due or to become due in respect of any Additional Collateral pursuant to the related Subservicing Agreement and its rights as beneficiary under the Surety Bond in respect of any Additional Collateral Loans. With respect to any Additional Collateral Loan, Residential Funding shall cause to be filed in the appropriate recording office a 60 UCC-3 statement giving notice of the assignment of the related security interest to the Trust Fund and shall thereafter cause the timely filing of all necessary continuation statements with regard to such financing statements. Section 2.02 Acceptance by Trustee. The Trustee acknowledges receipt (or, with respect to Mortgage Loans subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, receipt by the respective Custodian as the duly appointed agent of the Trustee) of the documents referred to in Section 2.01(b)(i) through (iii) above (except that for purposes of such acknowledgment only, a Mortgage Note may be endorsed in blank and an Assignment of Mortgage may be in blank) and declares that it, or a Custodian as its agent, holds and will hold such documents and the other documents constituting a part of the Mortgage Files delivered to it, or a Custodian as its agent, and the rights of Residential Funding with respect to any Additional Collateral and the Surety Bond assigned to the Trustee pursuant to Section 2.01, in trust for the use and benefit of all present and future Certificateholders. The Trustee or Custodian (such Custodian being so obligated under a Custodial Agreement) agrees, for the benefit of Certificateholders, to review each Mortgage File delivered to it pursuant to Section 2.01(b) within 45 days after the Closing Date to ascertain that all required documents (specifically as set forth in Section 2.01(b)), have been executed and received, and that such documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule, as supplemented, that have been conveyed to it, and to deliver to the Trustee a certificate (the "Interim Certificate") to the effect that all documents required to be delivered pursuant to Section 2.01(b) above have been executed and received and that such documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule, except for any exceptions listed on Schedule A attached to such Interim Certification. Upon delivery of the Mortgage Files by the Depositor or the Master Servicer, the Trustee shall acknowledge receipt (or, with respect to Mortgage Loans subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, receipt by the respective Custodian as the duly appointed agent of the Trustee) of the documents referred to in Section 2.01(c) above. The Trustee or Custodian (such Custodian being so obligated under a Custodial Agreement) agrees to review each Mortgage File delivered to it pursuant to Section 2.01(c) within 45 days after receipt thereof to ascertain that all documents required to be delivered pursuant to such Section have been received, and that such documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule, as supplemented, that have been conveyed to it. If the Custodian, as the Trustee's agent, finds any document or documents constituting a part of a Mortgage File to be missing or defective, the Trustee, after receiving notice from the Custodian, shall promptly so notify the Master Servicer and the Depositor; provided, that if the Mortgage Loan related to such Mortgage File is listed on Schedule A of the Assignment Agreement, no notification shall be necessary. Pursuant to Section 2.3 of the Custodial Agreement, the Custodian will notify the Master Servicer, the Depositor and the Trustee of any such omission or defect found by it in respect of any Mortgage File held by it. If such omission or defect materially and adversely affects the interests in the related Mortgage Loan of the Certificateholders, the Master Servicer shall 61 promptly notify the related Subservicer of such omission or defect and request that such Subservicer correct or cure such omission or defect within 60 days from the date the Master Servicer was notified of such omission or defect and, if such Subservicer does not correct or cure such omission or defect within such period, that such Subservicer purchase such Mortgage Loan from the Trust Fund at its Purchase Price, in either case within 90 days from the date the Master Servicer was notified of such omission or defect; provided that if the omission or defect would cause the Mortgage Loan to be other than a "qualified mortgage" as defined in Section 860G(a)(3) of the Code, any such cure or repurchase must occur within 90 days from the date such breach was discovered; and provided further, that no cure, substitution or repurchase shall be required if such omission or defect is in respect of a Mortgage Loan listed on Schedule A of the Assignment Agreement. The Purchase Price for any such Mortgage Loan shall be deposited or caused to be deposited by the Master Servicer in the Custodial Account maintained by it pursuant to Section 3.07 and, upon receipt by the Trustee of written notification of such deposit signed by a Servicing Officer, the Trustee or any Custodian, as the case may be, shall release to the Master Servicer the related Mortgage File and the Trustee shall execute and deliver such instruments of transfer or assignment prepared by the Master Servicer, in each case without recourse, as shall be necessary to vest in the Subservicer or its designee, as the case may be, any Mortgage Loan released pursuant hereto and thereafter such Mortgage Loan shall not be part of the Trust Fund. In furtherance of the foregoing, if the Subservicer or Residential Funding that repurchases the Mortgage Loan is not a member of MERS and the Mortgage is registered on the MERS(R) System, the Master Servicer, at its own expense and without any right of reimbursement, shall cause MERS to execute and deliver an assignment of the Mortgage in recordable form to transfer the Mortgage from MERS to such Subservicer or Residential Funding and shall cause such Mortgage to be removed from registration on the MERS(R) System in accordance with MERS' rules and regulations. It is understood and agreed that the obligation of the Subservicer, to so cure or purchase any Mortgage Loan as to which a material and adverse defect in or omission of a constituent document exists shall constitute the sole remedy respecting such defect or omission available to Certificateholders or the Trustee on behalf of Certificateholders. Section 2.03 Representations, Warranties and Covenants of the Master Servicer and the Depositor. (a) The Master Servicer hereby represents and warrants to the Trustee for the benefit of the Certificateholders that: (i) The Master Servicer is a corporation duly organized, validly existing and in good standing under the laws governing its creation and existence and is or will be in compliance with the laws of each state in which any Mortgaged Property is located to the extent necessary to ensure the enforceability of each Mortgage Loan in accordance with the terms of this Agreement; (ii) The execution and delivery of this Agreement by the Master Servicer and its performance and compliance with the terms of this Agreement will not violate the Master Servicer's Certificate of Incorporation or Bylaws or constitute a material default (or an event 62 which, with notice or lapse of time, or both, would constitute a material default) under, or result in the material breach of, any material contract, agreement or other instrument to which the Master Servicer is a party or which may be applicable to the Master Servicer or any of its assets; (iii) This Agreement, assuming due authorization, execution and delivery by the Trustee and the Depositor, constitutes a valid, legal and binding obligation of the Master Servicer, enforceable against it in accordance with the terms hereof subject to applicable bankruptcy, insolvency, reorganization, moratorium and other laws affecting the enforcement of creditors' rights generally and to general principles of equity, regardless of whether such enforcement is considered in a proceeding in equity or at law; (iv) The Master Servicer is not in default with respect to any order or decree of any court or any order, regulation or demand of any federal, state, municipal or governmental agency, which default might have consequences that would materially and adversely affect the condition (financial or other) or operations of the Master Servicer or its properties or might have consequences that would materially adversely affect its performance hereunder; (v) No litigation is pending or, to the best of the Master Servicer's knowledge, threatened against the Master Servicer which would prohibit its entering into this Agreement or performing its obligations under this Agreement; (vi) The Master Servicer will comply in all material respects in the performance of this Agreement with all reasonable rules and requirements of each insurer under each Required Insurance Policy; (vii) No information, certificate of an officer, statement furnished in writing or report delivered to the Depositor, any Affiliate of the Depositor or the Trustee by the Master Servicer will, to the knowledge of the Master Servicer, contain any untrue statement of a material fact or omit a material fact necessary to make the information, certificate, statement or report not misleading; (viii) The Master Servicer has examined each existing, and will examine each new, Subservicing Agreement and is or will be familiar with the terms thereof. The terms of each existing Subservicing Agreement and each designated Subservicer are acceptable to the Master Servicer and any new Subservicing Agreements will comply with the provisions of Section 3.02; and (ix) The Master Servicer is a member of MERS in good standing, and will comply in all material respects with the rules and procedures of MERS in connection with the servicing of the Mortgage Loans that are registered with MERS. It is understood and agreed that the representations and warranties set forth in this Section 63 2.03(a) shall survive delivery of the respective Mortgage Files to the Trustee or any Custodian. Upon discovery by either the Depositor, the Master Servicer, the Trustee or any Custodian of a breach of any representation or warranty set forth in this Section 2.03(a) which materially and adversely affects the interests of the Certificateholders in any Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties (any Custodian being so obligated under a Custodial Agreement). Within 90 days of its discovery or its receipt of notice of such breach, the Master Servicer shall either (i) cure such breach in all material respects or (ii) to the extent that such breach is with respect to a Mortgage Loan or a related document, purchase such Mortgage Loan from the Trust Fund at the Purchase Price and in the manner set forth in Section 2.02; provided that if the omission or defect would cause the Mortgage Loan to be other than a "qualified mortgage" as defined in Section 860G(a)(3) of the Code, any such cure or repurchase must occur within 90 days from the date such breach was discovered. The obligation of the Master Servicer to cure such breach or to so purchase such Mortgage Loan shall constitute the sole remedy in respect of a breach of a representation and warranty set forth in this Section 2.03(a) available to the Certificateholders or the Trustee on behalf of the Certificateholders. (b) The Depositor hereby represents and warrants to the Trustee for the benefit of the Certificateholders that as of the Closing Date (or, if otherwise specified below, as of the date so specified): (i) The information set forth in Exhibit F-1, Exhibit F-2 and Exhibit F-3 hereto with respect to each Mortgage Loan or the Mortgage Loans, as the case may be, is true and correct in all material respects at the respective date or dates which such information is furnished; (ii) Immediately prior to the conveyance of the Mortgage Loans to the Trustee, the Depositor had good title to, and was the sole owner of, each Mortgage Loan free and clear of any pledge, lien, encumbrance or security interest (other than rights to servicing and related compensation) and such conveyance validly transfers ownership of the Mortgage Loans to the Trustee free and clear of any pledge, lien, encumbrance or security interest; and (iii) Each Mortgage Loan constitutes a qualified mortgage under Section 860G(a)(3)(A) of the Code and Treasury Regulations Section 1.860G-2(a)(1). It is understood and agreed that the representations and warranties set forth in this Section 2.03(b) shall survive delivery of the respective Mortgage Files to the Trustee or any Custodian. Upon discovery by any of the Depositor, the Master Servicer, the Trustee or any Custodian of a breach of any of the representations and warranties set forth in this Section 2.03(b) which materially and adversely affects the interests of the Certificateholders in any Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties (any Custodian being so obligated under a Custodial Agreement); provided, however, that in the event of a breach 64 of the representation and warranty set forth in Section 2.03(b)(iii), the party discovering such breach shall give such notice within five days of discovery. Within 90 days of its discovery or its receipt of notice of breach, the Depositor shall either (i) cure such breach in all material respects or (ii) purchase such Mortgage Loan from the Trust Fund at the Purchase Price and in the manner set forth in Section 2.02; provided that the Depositor shall have the option to substitute a Qualified Substitute Mortgage Loan or Loans for such Mortgage Loan if such substitution occurs within two years following the Closing Date; provided that if the omission or defect would cause the Mortgage Loan to be other than a "qualified mortgage" as defined in Section 860G(a)(3) of the Code, any such cure, substitution or repurchase must occur within 90 days from the date such breach was discovered. Any such substitution shall be effected by the Depositor under the same terms and conditions as provided in Section 2.04 for substitutions by Residential Funding. It is understood and agreed that the obligation of the Depositor to cure such breach or to so purchase or substitute for any Mortgage Loan as to which such a breach has occurred and is continuing shall constitute the sole remedy respecting such breach available to the Certificateholders or the Trustee on behalf of the Certificateholders. Notwithstanding the foregoing, the Depositor shall not be required to cure breaches or purchase or substitute for Mortgage Loans as provided in this Section 2.03(b) if the substance of the breach of a representation set forth above also constitutes fraud in the origination of the Mortgage Loan. Section 2.04 Representations and Warranties of Residential Funding. The Depositor, as assignee of Residential Funding under the Assignment Agreement, hereby assigns to the Trustee for the benefit of the Certificateholders all of its right, title and interest in respect of the Assignment Agreement applicable to a Mortgage Loan. Insofar as the Assignment Agreement relates to the representations and warranties made by Residential Funding in respect of such Mortgage Loan and any remedies provided thereunder for any breach of such representations and warranties, such right, title and interest may be enforced by the Master Servicer on behalf of the Trustee and the Certificateholders. Upon the discovery by the Depositor, the Master Servicer, the Trustee or any Custodian of a breach of any of the representations and warranties made in the Assignment Agreement in respect of any Mortgage Loan or of any Repurchase Event which materially and adversely affects the interests of the Certificateholders in such Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties (any Custodian being so obligated under a Custodial Agreement). The Master Servicer shall promptly notify Residential Funding of such breach or Repurchase Event and request that Residential Funding either (i) cure such breach or Repurchase Event in all material respects within 90 days from the date the Master Servicer was notified of such breach or Repurchase Event or (ii) purchase such Mortgage Loan from the Trust Fund at the Purchase Price and in the manner set forth in Section 2.02; provided that, in the case of a breach or Repurchase Event under the Assignment Agreement, Residential Funding shall have the option to substitute a Qualified Substitute Mortgage Loan or Loans for such Mortgage Loan if such substitution occurs within two years following the Closing Date; provided that if the breach would cause the Mortgage Loan to be other than a "qualified mortgage" as defined in Section 860G(a)(3) of the Code, any such cure or substitution must occur within 90 days from the date the breach was discovered. In the event that Residential Funding elects to substitute a Qualified Substitute Mortgage Loan or Loans for a Deleted Mortgage Loan pursuant to this Section 2.04, 65 Residential Funding shall deliver to the Trustee for the benefit of the Certificateholders with respect to such Qualified Substitute Mortgage Loan or Loans, the original Mortgage Note, the Mortgage, an Assignment of the Mortgage in recordable form, and such other documents and agreements as are required by Section 2.01, with the Mortgage Note endorsed as required by Section 2.01. No substitution will be made in any calendar month after the Determination Date for such month. Monthly Payments due with respect to Qualified Substitute Mortgage Loans in the month of substitution shall not be part of the Trust Fund and will be retained by the Master Servicer and remitted by the Master Servicer to Residential Funding on the next succeeding Distribution Date. For the month of substitution, distributions to the Certificateholders will include the Monthly Payment due on a Deleted Mortgage Loan for such month and thereafter Residential Funding shall be entitled to retain all amounts received in respect of such Deleted Mortgage Loan. The Master Servicer shall amend or cause to be amended the Mortgage Loan Schedule, and, if the Deleted Mortgage Loan was a Discount Mortgage Loan, the Schedule of Discount Fractions, for the benefit of the Certificateholders to reflect the removal of such Deleted Mortgage Loan and the substitution of the Qualified Substitute Mortgage Loan or Loans and the Master Servicer shall deliver the amended Mortgage Loan Schedule, and, if the Deleted Mortgage Loan was a Group I Discount Mortgage Loan or Group II Discount Mortgage Loan, the amended related Schedule of Discount Fractions, to the Trustee. Upon such substitution, the Qualified Substitute Mortgage Loan or Loans shall be subject to the terms of this Agreement and the related Subservicing Agreement in all respects, and Residential Funding shall be deemed to have made the representations and warranties with respect to the Qualified Substitute Mortgage Loan contained in Section 4 of the Assignment Agreement, as of the date of substitution, and the covenants, representations and warranties set forth in this Section 2.04, and in Section 2.03 hereof and in Section 4 of the Assignment Agreement, and the Master Servicer shall be obligated to repurchase or substitute for any Qualified Substitute Mortgage Loan as to which a Repurchase Event (as defined in the Assignment Agreement) has occurred pursuant to Section 4 of the Assignment Agreement. In connection with the substitution of one or more Qualified Substitute Mortgage Loans for one or more Deleted Mortgage Loans, the Master Servicer will determine the amount (if any) by which the aggregate principal balance of all such Qualified Substitute Mortgage Loans as of the date of substitution is less than the aggregate Stated Principal Balance of all such Deleted Mortgage Loans (in each case after application of the principal portion of the Monthly Payments due in the month of substitution that are to be distributed to the Certificateholders in the month of substitution). Residential Funding shall deposit the amount of such shortfall into the Custodial Account on the day of substitution, without any reimbursement therefor. Residential Funding shall give notice in writing to the Trustee of such event, which notice shall be accompanied by an Officers' Certificate as to the calculation of such shortfall and by an Opinion of Counsel to the effect that such substitution will not cause (a) any federal tax to be imposed on the Trust Fund, including without limitation, any federal tax imposed on "prohibited transactions" under Section 860F(a)(1) of the Code or on "contributions after the startup date" under Section 860G(d)(1) of the Code or (b) any portion of REMIC I, REMIC II, REMIC III or REMIC IV to fail to qualify as a REMIC at any time that any Certificate is outstanding. It is understood and agreed that the obligation of the Residential Funding to cure such breach or purchase (or in the case of Residential Funding to substitute for) such Mortgage Loan as to which 66 such a breach has occurred and is continuing shall constitute the sole remedy respecting such breach available to the Certificateholders or the Trustee on behalf of the Certificateholders. If the Master Servicer is Residential Funding, then the Trustee shall also have the right to give the notification and require the purchase or substitution provided for in the second preceding paragraph in the event of such a breach of a representation or warranty made by Residential Funding in the Assignment Agreement. In connection with the purchase of or substitution for any such Mortgage Loan by Residential Funding, the Trustee shall assign to Residential Funding all of the right, title and interest in respect of the Assignment Agreement applicable to such Mortgage Loan. Section 2.05 Execution and Authentication of Certificates; Conveyance of Uncertificated Regular Interests. (a) The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery of the Mortgage Files to it, or any Custodian on its behalf, subject to any exceptions noted, together with the assignment to it of all other assets included in the Trust Fund, receipt of which is hereby acknowledged. Concurrently with such delivery and in exchange therefor, the Trustee, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed and caused to be authenticated and delivered to or upon the order of the Depositor the Certificates in authorized denominations which evidence ownership of the entire Trust Fund. (b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse, all the right, title and interest of the Depositor in and to the REMIC I Regular Interests, the REMIC II Regular Interests and the REMIC III Regular Interests for the benefit of the Holders of the REMIC IV Regular Interests and the Holders of the Class R-IV Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests, the REMIC II Regular Interests and the REMIC III Regular Interests (each of which are uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the REMIC IV Regular Interests and Holders of the Class R-IV Certificates. The interests evidenced by the Class R-IV Certificates, together with the REMIC IV Regular Interests, constitute the entire beneficial ownership interest in REMIC IV. (c) In exchange for the REMIC I Regular Interests, the REMIC II Regular Interests and the REMIC III Regular Interests and, concurrently with the assignment to the Trustee thereof, pursuant to the written request of the Depositor executed by an officer of the Depositor, the Trustee has executed, authenticated and delivered to or upon the order of the Depositor, the Regular Certificates in authorized denominations evidencing (together with the Class R-IV Certificates) the entire beneficial ownership interest in REMIC IV. 67 ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 3.01 Master Servicer to Act as Servicer. (a) The Master Servicer shall service and administer the Mortgage Loans in accordance with the terms of this Agreement and the respective Mortgage Loans, following such procedures as it would employ in its good faith business judgment and which are normal and usual in its general mortgage servicing activities, and shall have full power and authority, acting alone or through Subservicers as provided in Section 3.02, to do any and all things which it may deem necessary or desirable in connection with such servicing and administration. Without limiting the generality of the foregoing, the Master Servicer in its own name or in the name of a Subservicer is hereby authorized and empowered by the Trustee when the Master Servicer or the Subservicer, as the case may be, believes it appropriate in its best judgment, to execute and deliver, on behalf of the Certificateholders and the Trustee or any of them, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, or of consent to assumption or modification in connection with a proposed conveyance, or of assignment of any Mortgage and Mortgage Note in connection with the repurchase of a Mortgage Loan and all other comparable instruments, or with respect to the modification or re-recording of a Mortgage for the purpose of correcting the Mortgage, the subordination of the lien of the Mortgage in favor of a public utility company or government agency or unit with powers of eminent domain, the taking of a deed in lieu of foreclosure, the completion of judicial or non-judicial foreclosure, the conveyance of a Mortgaged Property to the related insurer, the acquisition of any property acquired by foreclosure or deed in lieu of foreclosure, or the management, marketing and conveyance of any property acquired by foreclosure or deed in lieu of foreclosure with respect to the Mortgage Loans and with respect to the Mortgaged Properties. The Master Servicer further is authorized and empowered by the Trustee, on behalf of the Certificateholders and the Trustee, in its own name or in the name of the Subservicer, when the Master Servicer or the Subservicer, as the case may be, believes it is appropriate in its best judgment to register any Mortgage Loan on the MERS(R) System, or cause the removal from the registration of any Mortgage Loan on the MERS(R) System, to execute and deliver, on behalf of the Trustee and the Certificateholders or any of them, any and all instruments of assignment and other comparable instruments with respect to such assignment or re-recording of a Mortgage in the name of MERS, solely as nominee for the Trustee and its successors and assigns. Any expenses incurred in connection with the actions described in the preceding sentence shall be borne by the Master Servicer in accordance with Section 3.16(c), with no right of reimbursement; provided, that if, as a result of MERS discontinuing or becoming unable to continue operations in connection with the MERS System, it becomes necessary to remove any Mortgage Loan from registration on the MERS System and to arrange for the assignment of the related Mortgages to the Trustee, then any related expenses shall be reimbursable to the Master Servicer. Notwithstanding the foregoing, subject to Section 3.07(a), the Master Servicer shall not permit any modification with respect to any Mortgage Loan that would both constitute a sale or exchange of such Mortgage Loan within the meaning of 68 Section 1001 of the Code and any proposed, temporary or final regulations promulgated thereunder (other than in connection with a proposed conveyance or assumption of such Mortgage Loan that is treated as a Principal Prepayment in Full pursuant to Section 3.13(d) hereof) and cause any of REMIC I, REMIC II, REMIC III or REMIC IV to fail to qualify as a REMIC under the Code. The Trustee shall furnish the Master Servicer with any powers of attorney and other documents necessary or appropriate to enable the Master Servicer to service and administer the Mortgage Loans. The Trustee shall not be liable for any action taken by the Master Servicer or any Subservicer pursuant to such powers of attorney. In servicing and administering any Nonsubserviced Mortgage Loan, the Master Servicer shall, to the extent not inconsistent with this Agreement, comply with the Program Guide as if it were the originator of such Mortgage Loan and had retained the servicing rights and obligations in respect thereof. In connection with servicing and administering the Mortgage Loans, the Master Servicer and any Affiliate of the Master Servicer (i) may perform services such as appraisals and brokerage services that are customarily provided by Persons other than servicers of mortgage loans, and shall be entitled to reasonable compensation therefor in accordance with Section 3.10 and (ii) may, at its own discretion and on behalf of the Trustee, obtain credit information in the form of a "credit score" from a credit repository. (b) All costs incurred by the Master Servicer or by Subservicers in effecting the timely payment of taxes and assessments on the properties subject to the Mortgage Loans shall not, for the purpose of calculating monthly distributions to the Certificateholders, be added to the amount owing under the related Mortgage Loans, notwithstanding that the terms of such Mortgage Loan so permit, and such costs shall be recoverable to the extent permitted by Section 3.10(a)(ii). (c) The Master Servicer may enter into one or more agreements in connection with the offering of pass-through certificates evidencing interests in one or more of the Certificates providing for the payment by the Master Servicer of amounts received by the Master Servicer as servicing compensation hereunder and required to cover certain Prepayment Interest Shortfalls on the Mortgage Loans, which payment obligation will thereafter be an obligation of the Master Servicer hereunder. Section 3.02 Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of Subservicers' Obligations; Special Servicing. (a) The Master Servicer may continue in effect Subservicing Agreements entered into by Residential Funding and Subservicers prior to the execution and delivery of this Agreement, and may enter into new Subservicing Agreements with Subservicers, for the servicing and administration of all or some of the Mortgage Loans. Each Subservicer shall be either (i) an institution the accounts of which are insured by the FDIC or (ii) another entity that engages in the business of originating or servicing mortgage loans, and in either case shall be authorized to transact business in the state or states in which the related Mortgaged Properties it is to service are situated, if and to the extent required by applicable law to enable the Subservicer to perform its obligations hereunder and under the Subservicing Agreement, and in either case shall be a Freddie Mac, Fannie Mae or HUD approved mortgage servicer. In addition, any Subservicer of a Mortgage Loan insured by the FHA 69 must be an FHA-approved servicer, and any Subservicer of a Mortgage Loan guaranteed by the VA must be a VA-approved servicer. Each Subservicer of a Mortgage Loan shall be entitled to receive and retain, as provided in the related Subservicing Agreement and in Section 3.07, the related Subservicing Fee from payments of interest received on such Mortgage Loan after payment of all amounts required to be remitted to the Master Servicer in respect of such Mortgage Loan. For any Mortgage Loan that is a Nonsubserviced Mortgage Loan, the Master Servicer shall be entitled to receive and retain an amount equal to the Subservicing Fee from payments of interest. Unless the context otherwise requires, references in this Agreement to actions taken or to be taken by the Master Servicer in servicing the Mortgage Loans include actions taken or to be taken by a Subservicer on behalf of the Master Servicer. Each Subservicing Agreement will be upon such terms and conditions as are generally required by, permitted by or consistent with the Program Guide and are not inconsistent with this Agreement and as the Master Servicer and the Subservicer have agreed. With the approval of the Master Servicer, a Subservicer may delegate its servicing obligations to third- party servicers, but such Subservicer will remain obligated under the related Subservicing Agreement. The Master Servicer and a Subservicer may enter into amendments thereto or a different form of Subservicing Agreement, and the form referred to or included in the Program Guide is merely provided for information and shall not be deemed to limit in any respect the discretion of the Master Servicer to modify or enter into different Subservicing Agreements; provided, however, that any such amendments or different forms shall be consistent with and not violate the provisions of either this Agreement or the Program Guide in a manner which would materially and adversely affect the interests of the Certificateholders. (b) As part of its servicing activities hereunder, the Master Servicer, for the benefit of the Trustee and the Certificateholders, shall use its best reasonable efforts to enforce the obligations of each Subservicer under the related Subservicing Agreement, to the extent that the non-performance of any such obligation would have a material and adverse effect on a Mortgage Loan, including, without limitation, the obligation to purchase a Mortgage Loan on account of defective documentation, as described in Section 2.02, or on account of a breach of a representation or warranty, as described in Section 2.04. Such enforcement, including, without limitation, the legal prosecution of claims, termination of Subservicing Agreements, as appropriate, and the pursuit of other appropriate remedies, shall be in such form and carried out to such an extent and at such time as the Master Servicer would employ in its good faith business judgment and which are normal and usual in its general mortgage servicing activities. The Master Servicer shall pay the costs of such enforcement at its own expense, and shall be reimbursed therefor only (i) from a general recovery resulting from such enforcement to the extent, if any, that such recovery exceeds all amounts due in respect of the related Mortgage Loan or (ii) from a specific recovery of costs, expenses or attorneys fees against the party against whom such enforcement is directed. 70 Section 3.03 Successor Subservicers. The Master Servicer shall be entitled to terminate any Subservicing Agreement that may exist in accordance with the terms and conditions of such Subservicing Agreement and without any limitation by virtue of this Agreement; provided, however, that in the event of termination of any Subservicing Agreement by the Master Servicer or the Subservicer, the Master Servicer shall either act as servicer of the related Mortgage Loan or enter into a Subservicing Agreement with a successor Subservicer which will be bound by the terms of the related Subservicing Agreement. If the Master Servicer or any Affiliate of Residential Funding acts as servicer, it will not assume liability for the representations and warranties of the Subservicer which it replaces. If the Master Servicer enters into a Subservicing Agreement with a successor Subservicer, the Master Servicer shall use reasonable efforts to have the successor Subservicer assume liability for the representations and warranties made by the terminated Subservicer in respect of the related Mortgage Loans and, in the event of any such assumption by the successor Subservicer, the Master Servicer may, in the exercise of its business judgment, release the terminated Subservicer from liability for such representations and warranties. Section 3.04 Liability of the Master Servicer. Notwithstanding any Subservicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Master Servicer or a Subservicer or reference to actions taken through a Subservicer or otherwise, the Master Servicer shall remain obligated and liable to the Trustee and Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of Section 3.01 without diminution of such obligation or liability by virtue of such Subservicing Agreements or arrangements or by virtue of indemnification from the Subservicer or the Depositor and to the same extent and under the same terms and conditions as if the Master Servicer alone were servicing and administering the Mortgage Loans. The Master Servicer shall be entitled to enter into any agreement with a Subservicer for indemnification of the Master Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification. Section 3.05 No Contractual Relationship Between Subservicer and Trustee or Certificateholders. Any Subservicing Agreement that may be entered into and any other transactions or services relating to the Mortgage Loans involving a Subservicer in its capacity as such and not as an originator shall be deemed to be between the Subservicer and the Master Servicer alone and the Trustee and Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Subservicer in its capacity as such except as set forth in Section 3.06. The foregoing provision shall not in any way limit a Subservicer's obligation to cure an omission or defect or to repurchase a Mortgage Loan as referred to in Section 2.02 hereof. 71 Section 3.06 Assumption or Termination of Subservicing Agreements by Trustee. (a) In the event the Master Servicer shall for any reason no longer be the master servicer (including by reason of an Event of Default), the Trustee, its designee or its successor shall thereupon assume all of the rights and obligations of the Master Servicer under each Subservicing Agreement that may have been entered into. The Trustee, its designee or the successor servicer for the Trustee shall be deemed to have assumed all of the Master Servicer's interest therein and to have replaced the Master Servicer as a party to the Subservicing Agreement to the same extent as if the Subservicing Agreement had been assigned to the assuming party except that the Master Servicer shall not thereby be relieved of any liability or obligations under the Subservicing Agreement. (b) The Master Servicer shall, upon request of the Trustee but at the expense of the Master Servicer, deliver to the assuming party all documents and records relating to each Subservicing Agreement and the Mortgage Loans then being serviced and an accounting of amounts collected and held by it and otherwise use its best efforts to effect the orderly and efficient transfer of each Subservicing Agreement to the assuming party. Section 3.07 Collection of Certain Mortgage Loan Payments; Deposits to Custodial Account. (a) The Master Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Mortgage Loans, and shall, to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any related Primary Insurance Policy, follow such collection procedures as it would employ in its good faith business judgment and which are normal and usual in its general mortgage servicing activities. Consistent with the foregoing, the Master Servicer may in its discretion (i) waive any late payment charge or any prepayment charge or penalty interest in connection with the prepayment of a Mortgage Loan and (ii) extend the Due Date for payments due on a Mortgage Loan in accordance with the Program Guide, provided, however, that the Master Servicer shall first determine that any such waiver or extension will not impair the coverage of any related Primary Insurance Policy or materially adversely affect the lien of the related Mortgage. In the event of any such arrangement, the Master Servicer shall make timely advances on the related Mortgage Loan during the scheduled period in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangements unless otherwise agreed to by the Holders of the Classes of Certificates affected thereby; provided, however, that no such extension shall be made if any advance would be a Nonrecoverable Advance. Consistent with the terms of this Agreement, the Master Servicer may also waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any Mortgagor if in the Master Servicer's determination such waiver, modification, postponement or indulgence is not materially adverse to the interests of the Certificateholders (taking into account any estimated Realized Loss that might result absent such action), provided, however, that the Master Servicer may not modify materially or permit any Subservicer to modify any Mortgage Loan, including without limitation any modification that would change the Mortgage Rate, forgive the payment of any principal or interest 72 (unless in connection with the liquidation of the related Mortgage Loan or except in connection with prepayments to the extent that such reamortization is not inconsistent with the terms of the Mortgage Loan), or extend the final maturity date of such Mortgage Loan, unless such Mortgage Loan is in default or, in the judgment of the Master Servicer, such default is reasonably foreseeable. In connection with any Curtailment of a Mortgage Loan, the Master Servicer, to the extent not inconsistent with the terms of the Mortgage Note and local law and practice, may permit the Mortgage Loan to be re-amortized such that the Monthly Payment is recalculated as an amount that will fully amortize the remaining Stated Principal Balance thereof by the original Maturity Date based on the original Mortgage Rate; provided, that such reamortization shall not be permitted if it would constitute a reissuance of the Mortgage Loan for federal income tax purposes. (i) The Master Servicer shall establish and maintain a Custodial Account in which the Master Servicer shall deposit or cause to be deposited on a daily basis, except as otherwise specifically provided herein, the following payments and collections remitted by Subservicers or received by it in respect of the Mortgage Loans subsequent to the Cut-off Date (other than in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date): (ii) All payments on account of principal, including Principal Prepayments made by Mortgagors on the Mortgage Loans and the principal component of any Subservicer Advance or of any REO Proceeds received in connection with an REO Property for which an REO Disposition has occurred; (iii) All payments on account of interest at the Adjusted Mortgage Rate on the Mortgage Loans, including the interest component of any Subservicer Advance or of any REO Proceeds received in connection with an REO Property for which an REO Disposition has occurred; (iv) Insurance Proceeds and Liquidation Proceeds (net of any related expenses of the Subservicer); (v) All proceeds of any Mortgage Loans purchased pursuant to Section 2.02, 2.03 or 2.04 and all amounts required to be deposited in connection with the substitution of a Qualified Substitute Mortgage Loan pursuant to Section 2.03 or 2.04; (vi) Any amounts required to be deposited pursuant to Section 3.07(c); and (vii) Any amounts realized by the Subservicer and received by the Master Servicer in respect of any Additional Collateral; . The foregoing requirements for deposit in the Custodial Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments on the Mortgage Loans which are not part of the Trust Fund (consisting of payments in respect of principal 73 and interest on the Mortgage Loans due on or before the Cut-off Date) and payments or collections in the nature of prepayment charges or late payment charges or assumption fees may but need not be deposited by the Master Servicer in the Custodial Account. In the event any amount not required to be deposited in the Custodial Account is so deposited, the Master Servicer may at any time withdraw such amount from the Custodial Account, any provision herein to the contrary notwithstanding. The Custodial Account may contain funds that belong to one or more trust funds created for mortgage pass-through certificates of other series and may contain other funds respecting payments on mortgage loans belonging to the Master Servicer or serviced or master serviced by it on behalf of others. Notwithstanding such commingling of funds, the Master Servicer shall keep records that accurately reflect the funds on deposit in the Custodial Account that have been identified by it as being attributable to the Mortgage Loans. (b) With respect to Insurance Proceeds, Liquidation Proceeds, REO Proceeds and the proceeds of the purchase of any Mortgage Loan pursuant to Sections 2.02, 2.03, 2.04 and 4.07 received in any calendar month, the Master Servicer may elect to treat such amounts as included in the Group I and Group II Available Distribution Amount for the Distribution Date in the month of receipt, but is not obligated to do so. If the Master Servicer so elects, such amounts will be deemed to have been received (and any related Realized Loss shall be deemed to have occurred) on the last day of the month prior to the receipt thereof. (c) The Master Servicer shall use its best efforts to cause the institution maintaining the Custodial Account to invest the funds in the Custodial Account attributable to the Mortgage Loans in Permitted Investments which shall mature not later than the Certificate Account Deposit Date next following the date of such investment (with the exception of the Amount Held for Future Distribution) and which shall not be sold or disposed of prior to their maturities. All income and gain realized from any such investment shall be for the benefit of the Master Servicer as additional servicing compensation and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments attributable to the investment of amounts in respect of the Mortgage Loans shall be deposited in the Custodial Account by the Master Servicer out of its own funds immediately as realized. (d) The Master Servicer shall give notice to the Trustee and the Depositor of any change in the location of the Custodial Account and the location of the Certificate Account prior to the use thereof. Section 3.08 Subservicing Accounts; Servicing Accounts. (a) In those cases where a Subservicer is servicing a Mortgage Loan pursuant to a Subservicing Agreement, the Master Servicer shall cause the Subservicer, pursuant to the Subservicing Agreement, to establish and maintain one or more Subservicing Accounts which shall be an Eligible Account or, if such account is not an Eligible Account, shall generally satisfy the requirements of the Program Guide and be otherwise acceptable to the Master Servicer and each Rating Agency. The Subservicer will be required thereby to deposit into the Subservicing Account 74 on a daily basis all proceeds of Mortgage Loans received by the Subservicer, less its Subservicing Fees and unreimbursed advances and expenses, to the extent permitted by the Subservicing Agreement. If the Subservicing Account is not an Eligible Account, the Master Servicer shall be deemed to have received such monies upon receipt thereof by the Subservicer. The Subservicer shall not be required to deposit in the Subservicing Account payments or collections in the nature of prepayment charges or late charges or assumption fees. On or before the date specified in the Program Guide, but in no event later than the Determination Date, the Master Servicer shall cause the Subservicer, pursuant to the Subservicing Agreement, to remit to the Master Servicer for deposit in the Custodial Account all funds held in the Subservicing Account with respect to each Mortgage Loan serviced by such Subservicer that are required to be remitted to the Master Servicer. The Subservicer will also be required, pursuant to the Subservicing Agreement, to advance on such scheduled date of remittance amounts equal to any scheduled monthly installments of principal and interest less its Subservicing Fees on any Mortgage Loans for which payment was not received by the Subservicer. This obligation to advance with respect to each Mortgage Loan will continue up to and including the first of the month following the date on which the related Mortgaged Property is sold at a foreclosure sale or is acquired by the Trust Fund by deed in lieu of foreclosure or otherwise. All such advances received by the Master Servicer shall be deposited promptly by it in the Custodial Account. (b) The Subservicer may also be required, pursuant to the Subservicing Agreement, to remit to the Master Servicer for deposit in the Custodial Account interest at the Adjusted Mortgage Rate (or Modified Net Mortgage Rate plus the rate per annum at which the Servicing Fee, if any, accrues in the case of a Modified Mortgage Loan) on any Curtailment received by such Subservicer in respect of a Mortgage Loan from the related Mortgagor during any month that is to be applied by the Subservicer to reduce the unpaid principal balance of the related Mortgage Loan as of the first day of such month, from the date of application of such Curtailment to the first day of the following month. Any amounts paid by a Subservicer pursuant to the preceding sentence shall be for the benefit of the Master Servicer as additional servicing compensation and shall be subject to its withdrawal or order from time to time pursuant to Sections 3.10(a)(iv) and (v). (c) In addition to the Custodial Account and the Certificate Account, the Master Servicer shall for any Nonsubserviced Mortgage Loan, and shall cause the Subservicers for Subserviced Mortgage Loans to, establish and maintain one or more Servicing Accounts and deposit and retain therein all collections from the Mortgagors (or advances from Subservicers) for the payment of taxes, assessments, hazard insurance premiums, Primary Insurance Policy premiums, if applicable, or comparable items for the account of the Mortgagors. Each Servicing Account shall satisfy the requirements for a Subservicing Account and, to the extent permitted by the Program Guide or as is otherwise acceptable to the Master Servicer, may also function as a Subservicing Account. Withdrawals of amounts related to the Mortgage Loans from the Servicing Accounts may be made only to effect timely payment of taxes, assessments, hazard insurance premiums, Primary Insurance Policy premiums, if applicable, or comparable items, to reimburse the Master Servicer or Subservicer out of related collections for any payments made pursuant to Sections 3.11 (with respect to the Primary Insurance Policy) and 3.12(a) (with respect to hazard insurance), to refund to any 75 Mortgagors any sums as may be determined to be overages, to pay interest, if required, to Mortgagors on balances in the Servicing Account or to clear and terminate the Servicing Account at the termination of this Agreement in accordance with Section 9.01 or in accordance with the Program Guide. As part of its servicing duties, the Master Servicer shall, and the Subservicers will, pursuant to the Subservicing Agreements, be required to pay to the Mortgagors interest on funds in this account to the extent required by law. (d) The Master Servicer shall advance the payments referred to in the preceding subsection that are not timely paid by the Mortgagors or advanced by the Subservicers on the date when the tax, premium or other cost for which such payment is intended is due, but the Master Servicer shall be required so to advance only to the extent that such advances, in the good faith judgment of the Master Servicer, will be recoverable by the Master Servicer out of Insurance Proceeds, Liquidation Proceeds or otherwise. Section 3.09 Access to Certain Documentation and Information Regarding the Mortgage Loans. In the event that compliance with this Section 3.09 shall make any Class of Certificates legal for investment by federally insured savings and loan associations, the Master Servicer shall provide, or cause the Subservicers to provide, to the Trustee, the Office of Thrift Supervision or the FDIC and the supervisory agents and examiners thereof access to the documentation regarding the Mortgage Loans required by applicable regulations of the Office of Thrift Supervision, such access being afforded without charge but only upon reasonable request and during normal business hours at the offices designated by the Master Servicer. The Master Servicer shall permit such representatives to photocopy any such documentation and shall provide equipment for that purpose at a charge reasonably approximating the cost of such photocopying to the Master Servicer. Section 3.10 Permitted Withdrawals from the Custodial Account. (a) The Master Servicer may, from time to time as provided herein, make withdrawals from the Custodial Account of amounts on deposit therein pursuant to Section 3.07 that are attributable to the Mortgage Loans for the following purposes: (i) to make deposits into the Certificate Account in the amounts and in the manner provided for in Section 4.01; (ii) to reimburse itself or the related Subservicer for previously unreimbursed advances or expenses made pursuant to Sections 3.01, 3.08, 3.12(a), 3.14 and 4.04 or otherwise reimbursable pursuant to the terms of this Agreement, such withdrawal right being limited to amounts received on particular Mortgage Loans (including, for this purpose, REO Proceeds, Insurance Proceeds, Liquidation Proceeds and proceeds from the purchase of a Mortgage Loan pursuant to Section 2.02, 2.03, 2.04 or 4.07) which represent (A) Late Collections of Monthly Payments for which any such advance was made in the case of 76 Subservicer Advances or Advances pursuant to Section 4.04 and (B) late recoveries of the payments for which such advances were made in the case of Servicing Advances; (iii) to pay to itself or the related Subservicer (if not previously retained by such Subservicer) out of each payment received by the Master Servicer on account of interest on a Mortgage Loan as contemplated by Sections 3.14 and 3.16, an amount equal to that remaining portion of any such payment as to interest (but not in excess of the Servicing Fee and the Subservicing Fee, if not previously retained) which, when deducted, will result in the remaining amount of such interest being interest at a rate per annum equal to the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of a Modified Mortgage Loan) on the amount specified in the amortization schedule of the related Mortgage Loan as the principal balance thereof at the beginning of the period respecting which such interest was paid after giving effect to any previous Curtailments; (iv) to pay to itself as additional servicing compensation any interest or investment income earned on funds deposited in the Custodial Account that it is entitled to withdraw pursuant to Section 3.07(c); (v) to pay to itself as additional servicing compensation any Foreclosure Profits, and any amounts remitted by Subservicers as interest in respect of Curtailments pursuant to Section 3.08(b); (vi) to pay to itself, a Subservicer, Residential Funding, the Depositor or any other appropriate Person, as the case may be, with respect to each Mortgage Loan or property acquired in respect thereof that has been purchased or otherwise transferred pursuant to Section 2.02, 2.03, 2.04, 4.07 or 9.01, all amounts received thereon and not required to be distributed to Certificateholders as of the date on which the related Stated Principal Balance or Purchase Price is determined; (vii) to reimburse itself or the related Subservicer for any Nonrecoverable Advance or Advances in the manner and to the extent provided in subsection (c) below, any Advance made in connection with a modification of a Mortgage Loan that is in default or, in the judgment of the Master Servicer, default is reasonably foreseeable pursuant to Section 3.07(a), to the extent the amount of the Advance has been added to the outstanding principal balance of the Mortgage Loan; (viii) to reimburse itself or the Depositor for expenses incurred by and reimbursable to it or the Depositor pursuant to Section 3.14(c), 6.03, 10.01 or otherwise; (ix) to reimburse itself for amounts expended by it (a) pursuant to Section 3.14 in good faith in connection with the restoration of property damaged by an Uninsured Cause, and (b) in connection with the liquidation of a Mortgage Loan or disposition of an REO Property to the extent not otherwise reimbursed pursuant to clause (ii) or (viii) above; and 77 (x) to withdraw any amount deposited in the Custodial Account that was not required to be deposited therein pursuant to Section 3.07, including any payoff fees or penalties or any other additional amounts payable to the Master Servicer or Subservicer pursuant to the terms of the Mortgage Note. (b) Since, in connection with withdrawals pursuant to clauses (ii), (iii), (v) and (vi), the Master Servicer's entitlement thereto is limited to collections or other recoveries on the related Mortgage Loan, the Master Servicer shall keep and maintain separate accounting, on a Mortgage Loan by Mortgage Loan basis, for the purpose of justifying any withdrawal from the Custodial Account pursuant to such clauses. (c) The Master Servicer shall be entitled to reimburse itself or the related Subservicer for any Advance or Subservicer Advance made in respect of a Mortgage Loan that the Master Servicer determines to be a Nonrecoverable Advance by withdrawal from the Custodial Account of amounts on deposit therein attributable to the Mortgage Loans on any Certificate Account Deposit Date succeeding the date of such determination. Such right of reimbursement in respect of a Nonrecoverable Advance on any such Certificate Account Deposit Date shall be limited to an amount not exceeding the portion of such Advance or Subservicer Advance previously paid to Certificateholders (and not theretofore reimbursed to the Master Servicer or the related Subservicer). Section 3.11 Maintenance of Primary Insurance Coverage. (a) The Master Servicer shall not take, or permit any Subservicer to take, any action which would result in noncoverage under any applicable Primary Insurance Policy of any loss which, but for the actions of the Master Servicer or Subservicer, would have been covered thereunder. To the extent coverage is available, the Master Servicer shall keep or cause to be kept in full force and effect each such Primary Insurance Policy until the principal balance of the related Mortgage Loan secured by a Mortgaged Property is reduced to 80% or less of the Appraised Value at origination in the case of such a Mortgage Loan having a Loan-to-Value Ratio at origination in excess of 80%, provided that such Primary Insurance Policy was in place as of the Cut-off Date and the Master Servicer had knowledge of such Primary Insurance Policy. The Master Servicer shall not cancel or refuse to renew any such Primary Insurance Policy applicable to a Nonsubserviced Mortgage Loan, or consent to any Subservicer canceling or refusing to renew any such Primary Insurance Policy applicable to a Mortgage Loan subserviced by it, that is in effect at the date of the initial issuance of the Certificates and is required to be kept in force hereunder unless the replacement Primary Insurance Policy for such canceled or non-renewed policy is maintained with an insurer whose claims-paying ability is acceptable to each Rating Agency for mortgage pass-through certificates having a rating equal to or better than the lower of the then-current rating or the rating assigned to the Certificates as of the Closing Date by such Rating Agency. (b) In connection with its activities as administrator and servicer of the Mortgage Loans, the Master Servicer agrees to present or to cause the related Subservicer to present, on behalf of the 78 Master Servicer, the Subservicer, if any, the Trustee and Certificateholders, claims to the insurer under any Primary Insurance Policies, in a timely manner in accordance with such policies, and, in this regard, to take or cause to be taken such reasonable action as shall be necessary to permit recovery under any Primary Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 3.07, any Insurance Proceeds collected by or remitted to the Master Servicer under any Primary Insurance Policies shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.10. Section 3.12 Maintenance of Fire Insurance and Omissions and Fidelity Coverage. (a) The Master Servicer shall cause to be maintained for each Mortgage Loan (other than a Cooperative Loan) fire insurance with extended coverage in an amount which is equal to the lesser of the principal balance owing on such Mortgage Loan (together with the principal balance of any mortgage loan secured by a lien that is senior to the Mortgage Loan) or 100 percent of the insurable value of the improvements; provided, however, that such coverage may not be less than the minimum amount required to fully compensate for any loss or damage on a replacement cost basis. To the extent it may do so without breaching the related Subservicing Agreement, the Master Servicer shall replace any Subservicer that does not cause such insurance, to the extent it is available, to be maintained. The Master Servicer shall also cause to be maintained on property acquired upon foreclosure, or deed in lieu of foreclosure, of any Mortgage Loan (other than a Cooperative Loan), fire insurance with extended coverage in an amount which is at least equal to the amount necessary to avoid the application of any co-insurance clause contained in the related hazard insurance policy. Pursuant to Section 3.07, any amounts collected by the Master Servicer under any such policies (other than amounts to be applied to the restoration or repair of the related Mortgaged Property or property thus acquired or amounts released to the Mortgagor in accordance with the Master Servicer's normal servicing procedures) shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.10. Any cost incurred by the Master Servicer in maintaining any such insurance shall not, for the purpose of calculating monthly distributions to Certificateholders, be added to the amount owing under the Mortgage Loan, notwithstanding that the terms of the Mortgage Loan so permit. Such costs shall be recoverable by the Master Servicer out of related late payments by the Mortgagor or out of Insurance Proceeds and Liquidation Proceeds to the extent permitted by Section 3.10. It is understood and agreed that no earthquake or other additional insurance is to be required of any Mortgagor or maintained on property acquired in respect of a Mortgage Loan other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. Whenever the improvements securing a Mortgage Loan (other than a Cooperative Loan) are located at the time of origination of such Mortgage Loan in a federally designated special flood hazard area, the Master Servicer shall cause flood insurance (to the extent available) to be maintained in respect thereof. Such flood insurance shall be in an amount equal to the lesser of (i) the amount required to compensate for any loss or damage to the Mortgaged Property on a replacement cost basis and (ii) the maximum amount of such insurance available for the related Mortgaged Property under the national flood insurance program (assuming that the area in which such Mortgaged Property is located is participating in such program). 79 In the event that the Master Servicer shall obtain and maintain a blanket fire insurance policy with extended coverage insuring against hazard losses on all of the Mortgage Loans, it shall conclusively be deemed to have satisfied its obligations as set forth in the first sentence of this Section 3.12(a), it being understood and agreed that such policy may contain a deductible clause, in which case the Master Servicer shall, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with the first sentence of this Section 3.12(a) and there shall have been a loss which would have been covered by such policy, deposit in the Certificate Account the amount not otherwise payable under the blanket policy because of such deductible clause. Any such deposit by the Master Servicer shall be made on the Certificate Account Deposit Date next preceding the Distribution Date which occurs in the month following the month in which payments under any such policy would have been deposited in the Custodial Account. In connection with its activities as administrator and servicer of the Mortgage Loans, the Master Servicer agrees to present, on behalf of itself, the Trustee and Certificateholders, claims under any such blanket policy. (b) The Master Servicer shall obtain and maintain at its own expense and keep in full force and effect throughout the term of this Agreement a blanket fidelity bond and an errors and omissions insurance policy covering the Master Servicer's officers and employees and other persons acting on behalf of the Master Servicer in connection with its activities under this Agreement. The amount of coverage shall be at least equal to the coverage that would be required by Fannie Mae or Freddie Mac, whichever is greater, with respect to the Master Servicer if the Master Servicer were servicing and administering the Mortgage Loans for Fannie Mae or Freddie Mac. In the event that any such bond or policy ceases to be in effect, the Master Servicer shall obtain a comparable replacement bond or policy from an issuer or insurer, as the case may be, meeting the requirements, if any, of the Program Guide and acceptable to the Depositor. Coverage of the Master Servicer under a policy or bond obtained by an Affiliate of the Master Servicer and providing the coverage required by this Section 3.12(b) shall satisfy the requirements of this Section 3.12(b). Section 3.13 Enforcement of Due-on-Sale Clauses; Assumption and Modification Agreements; Certain Assignments. (a) When any Mortgaged Property is conveyed by the Mortgagor, the Master Servicer or Subservicer, to the extent it has knowledge of such conveyance, shall enforce any due-on-sale clause contained in any Mortgage Note or Mortgage, to the extent permitted under applicable law and governmental regulations, but only to the extent that such enforcement will not adversely affect or jeopardize coverage under any Required Insurance Policy. Notwithstanding the foregoing: (i) the Master Servicer shall not be deemed to be in default under this Section 3.13(a) by reason of any transfer or assumption which the Master Servicer is restricted by law from preventing; and (ii) if the Master Servicer determines that it is reasonably likely that any 80 Mortgagor will bring, or if any Mortgagor does bring, legal action to declare invalid or otherwise avoid enforcement of a due-on-sale clause contained in any Mortgage Note or Mortgage, the Master Servicer shall not be required to enforce the due-on-sale clause or to contest such action. (b) Subject to the Master Servicer's duty to enforce any due-on-sale clause to the extent set forth in Section 3.13(a), in any case in which a Mortgaged Property is to be conveyed to a Person by a Mortgagor, and such Person is to enter into an assumption or modification agreement or supplement to the Mortgage Note or Mortgage which requires the signature of the Trustee, or if an instrument of release signed by the Trustee is required releasing the Mortgagor from liability on the Mortgage Loan, the Master Servicer is authorized, subject to the requirements of the sentence next following, to execute and deliver, on behalf of the Trustee, the assumption agreement with the Person to whom the Mortgaged Property is to be conveyed and such modification agreement or supplement to the Mortgage Note or Mortgage or other instruments as are reasonable or necessary to carry out the terms of the Mortgage Note or Mortgage or otherwise to comply with any applicable laws regarding assumptions or the transfer of the Mortgaged Property to such Person; provided, however, none of such terms and requirements shall both constitute a "significant modification" effecting an exchange or reissuance of such Mortgage Loan under the Code (or final, temporary or proposed Treasury regulations promulgated thereunder) and cause any of REMIC I, REMIC II, REMIC III or REMIC IV to fail to qualify as REMICs under the Code or the imposition of any tax on "prohibited transactions" or "contributions" after the startup date under the REMIC Provisions. The Master Servicer shall execute and deliver such documents only if it reasonably determines that (i) its execution and delivery thereof will not conflict with or violate any terms of this Agreement or cause the unpaid balance and interest on the Mortgage Loan to be uncollectible in whole or in part, (ii) any required consents of insurers under any Required Insurance Policies have been obtained and (iii) subsequent to the closing of the transaction involving the assumption or transfer (A) the Mortgage Loan will continue to be secured by a first mortgage lien (or junior lien of the same priority in relation to any senior mortgage loan, with respect to any Mortgage Loan secured by a junior Mortgage) pursuant to the terms of the Mortgage, (B) such transaction will not adversely affect the coverage under any Required Insurance Policies, (C) the Mortgage Loan will fully amortize over the remaining term thereof, (D) no material term of the Mortgage Loan (including the interest rate on the Mortgage Loan) will be altered nor will the term of the Mortgage Loan be changed and (E) if the seller/transferor of the Mortgaged Property is to be released from liability on the Mortgage Loan, the buyer/transferee of the Mortgaged Property would be qualified to assume the Mortgage Loan based on generally comparable credit quality and such release will not (based on the Master Servicer's or Subservicer's good faith determination) adversely affect the collectability of the Mortgage Loan. Upon receipt of appropriate instructions from the Master Servicer in accordance with the foregoing, the Trustee shall execute any necessary instruments for such assumption or substitution of liability as directed by the Master Servicer. Upon the closing of the transactions contemplated by such documents, the Master Servicer shall cause the originals or true and correct copies of the assumption agreement, the release (if any), or the modification or supplement to the Mortgage Note or Mortgage to be delivered to the Trustee or the Custodian and deposited with the Mortgage File for such Mortgage Loan. Any fee collected by the Master Servicer 81 or such related Subservicer for entering into an assumption or substitution of liability agreement will be retained by the Master Servicer or such Subservicer as additional servicing compensation. (c) The Master Servicer or the related Subservicer, as the case may be, shall be entitled to approve a request from a Mortgagor for a partial release of the related Mortgaged Property, the granting of an easement thereon in favor of another Person, any alteration or demolition of the related Mortgaged Property (or, with respect to a Cooperative Loan, the related Cooperative Apartment) or other similar matters if it has determined, exercising its good faith business judgment in the same manner as it would if it were the owner of the related Mortgage Loan, that the security for, and the timely and full collectability of, such Mortgage Loan would not be adversely affected thereby and that each of REMIC I, REMIC II, REMIC III or REMIC IV would continue to qualify as a REMIC under the Code as a result thereof and that no tax on "prohibited transactions" or "contributions" after the startup day would be imposed on any of REMIC I, REMIC II, REMIC III or REMIC IV as a result thereof. Any fee collected by the Master Servicer or the related Subservicer for processing such a request will be retained by the Master Servicer or such Subservicer as additional servicing compensation. (d) Subject to any other applicable terms and conditions of this Agreement, the Trustee and Master Servicer shall be entitled to approve an assignment in lieu of satisfaction with respect to any Mortgage Loan, provided the obligee with respect to such Mortgage Loan following such proposed assignment provides the Trustee and Master Servicer with a "Lender Certification for Assignment of Mortgage Loan" in the form attached hereto as Exhibit M, in form and substance satisfactory to the Trustee and Master Servicer, providing the following: (i) that the Mortgage Loan is secured by Mortgaged Property located in a jurisdiction in which an assignment in lieu of satisfaction is required to preserve lien priority, minimize or avoid mortgage recording taxes or otherwise comply with, or facilitate a refinancing under, the laws of such jurisdiction; (ii) that the substance of the assignment is, and is intended to be, a refinancing of such Mortgage Loan and that the form of the transaction is solely to comply with, or facilitate the transaction under, such local laws; (iii) that the Mortgage Loan following the proposed assignment will have a rate of interest at least 0.25 percent below or above the rate of interest on such Mortgage Loan prior to such proposed assignment; and (iv) that such assignment is at the request of the borrower under the related Mortgage Loan. Upon approval of an assignment in lieu of satisfaction with respect to any Mortgage Loan, the Master Servicer shall receive cash in an amount equal to the unpaid principal balance of and accrued interest on such Mortgage Loan and the Master Servicer shall treat such amount as a Principal Prepayment in Full with respect to such Mortgage Loan for all purposes hereof. Section 3.14 Realization Upon Defaulted Mortgage Loans. (a) The Master Servicer shall foreclose upon or otherwise comparably convert (which may include an REO Acquisition) the ownership of properties securing such of the Mortgage Loans as come into and continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments pursuant to Section 3.07. Alternatively, the Master Servicer may take other actions in respect of a defaulted Mortgage Loan, which may include (i) accepting a short 82 sale (a payoff of the Mortgage Loan for an amount less than the total amount contractually owed in order to facilitate a sale of the Mortgaged Property by the Mortgagor) or permitting a short refinancing (a payoff of the Mortgage Loan for an amount less than the total amount contractually owed in order to facilitate refinancing transactions by the Mortgagor not involving a sale of the Mortgaged Property), (ii) arranging for a repayment plan or (iii) agreeing to a modification in accordance with Section 3.07. In connection with such foreclosure or other conversion or action, the Master Servicer shall, consistent with Section 3.11, follow such practices and procedures as it shall deem necessary or advisable, as shall be normal and usual in its general mortgage servicing activities and as shall be required or permitted by the Program Guide; provided that the Master Servicer shall not be liable in any respect hereunder if the Master Servicer is acting in connection with any such foreclosure or other conversion or action in a manner that is consistent with the provisions of this Agreement. The Master Servicer, however, shall not be required to expend its own funds or incur other reimbursable charges in connection with any foreclosure, or attempted foreclosure which is not completed, or towards the correction of any default on a related senior mortgage loan, or towards the restoration of any property unless it shall determine (i) that such restoration and/or foreclosure will increase the proceeds of liquidation of the Mortgage Loan to Holders of Certificates of one or more Classes after reimbursement to itself for such expenses or charges and (ii) that such expenses and charges will be recoverable to it through Liquidation Proceeds, Insurance Proceeds, or REO Proceeds (respecting which it shall have priority for purposes of withdrawals from the Custodial Account pursuant to Section 3.10, whether or not such expenses and charges are actually recoverable from related Liquidation Proceeds, Insurance Proceeds or REO Proceeds). In the event of such a determination by the Master Servicer pursuant to this Section 3.14(a), the Master Servicer shall be entitled to reimbursement of its funds so expended pursuant to Section 3.10. In addition to the foregoing, the Master Servicer shall use its best reasonable efforts to realize upon any Additional Collateral for such of the Additional Collateral Loans as come into and continue in default and as to which no satisfactory arrangements can be made for collection of delinquent payments pursuant to Section 3.07; provided that the Master Servicer shall not, on behalf of the Trustee, obtain title to any such Additional Collateral as a result of or in lieu of the disposition thereof or otherwise; and provided further that (i) the Master Servicer shall not proceed with respect to such Additional Collateral in any manner that would impair the ability to recover against the related Mortgaged Property, and (ii) the Master Servicer shall proceed with any REO Acquisition in a manner that preserves the ability to apply the proceeds of such Additional Collateral against amounts owed under the defaulted Mortgage Loan. Any proceeds realized from such Additional Collateral (other than amounts to be released to the Mortgagor or the related guarantor in accordance with procedures that the Master Servicer would follow in servicing loans held for its own account, subject to the terms and conditions of the related Mortgage and Mortgage Note and to the terms and conditions of any security agreement, guarantee agreement, mortgage or other agreement governing the disposition of the proceeds of such Additional Collateral) shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.10. Any other payment received by the Master Servicer in respect of such Additional Collateral shall be deposited in the Custodial Account subject to withdrawal pursuant to Section 3.10. 83 In addition, the Master Servicer may pursue any remedies that may be available in connection with a breach of a representation and warranty with respect to any such Mortgage Loan in accordance with Sections 2.03 and 2.04. However, the Master Servicer is not required to continue to pursue both foreclosure (or similar remedies) with respect to the Mortgage Loans and remedies in connection with a breach of a representation and warranty if the Master Servicer determines in its reasonable discretion that one such remedy is more likely to result in a greater recovery as to the Mortgage Loan. Upon the occurrence of a Cash Liquidation or REO Disposition, following the deposit in the Custodial Account of all Insurance Proceeds, Liquidation Proceeds and other payments and recoveries referred to in the definition of "Cash Liquidation" or "REO Disposition," as applicable, upon receipt by the Trustee of written notification of such deposit signed by a Servicing Officer, the Trustee or any Custodian, as the case may be, shall release to the Master Servicer the related Mortgage File and the Trustee shall execute and deliver such instruments of transfer or assignment prepared by the Master Servicer, in each case without recourse, as shall be necessary to vest in the Master Servicer or its designee, as the case may be, the related Mortgage Loan, and thereafter such Mortgage Loan shall not be part of the Trust Fund. Notwithstanding the foregoing or any other provision of this Agreement, in the Master Servicer's sole discretion with respect to any defaulted Mortgage Loan or REO Property as to either of the following provisions, (i) a Cash Liquidation or REO Disposition may be deemed to have occurred if substantially all amounts expected by the Master Servicer to be received in connection with the related defaulted Mortgage Loan or REO Property have been received, and (ii) for purposes of determining the amount of any Liquidation Proceeds, Insurance Proceeds, REO Proceeds or other unscheduled collections or the amount of any Realized Loss, the Master Servicer may take into account minimal amounts of additional receipts expected to be received or any estimated additional liquidation expenses expected to be incurred in connection with the related defaulted Mortgage Loan or REO Property. (b) In the event that title to any Mortgaged Property is acquired by the Trust Fund as an REO Property by foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale shall be issued to the Trustee or to its nominee on behalf of Certificateholders. Notwithstanding any such acquisition of title and cancellation of the related Mortgage Loan, such REO Property shall (except as otherwise expressly provided herein) be considered to be an Outstanding Mortgage Loan held in the Trust Fund until such time as the REO Property shall be sold. Consistent with the foregoing for purposes of all calculations hereunder so long as such REO Property shall be considered to be an Outstanding Mortgage Loan it shall be assumed that, notwithstanding that the indebtedness evidenced by the related Mortgage Note shall have been discharged, such Mortgage Note and the related amortization schedule in effect at the time of any such acquisition of title (after giving effect to any previous Curtailments and before any adjustment thereto by reason of any bankruptcy or similar proceeding or any moratorium or similar waiver or grace period) remain in effect. (c) In the event that the Trust Fund acquires any REO Property as aforesaid or otherwise in connection with a default or imminent default on a Mortgage Loan, the Master Servicer on behalf of the Trust Fund shall dispose of such REO Property as soon as practicable, giving due consideration to the interests of the Certificateholders, but in all cases within three full years after the taxable year of its acquisition by the Trust Fund for purposes of Section 860G(a)(8) of the Code 84 (or such shorter period as may be necessary under applicable state (including any state in which such property is located) law to maintain the status of each of REMIC I, REMIC II, REMIC III or REMIC IV as a REMIC under applicable state law and avoid taxes resulting from such property failing to be foreclosure property under applicable state law) or, at the expense of the Trust Fund, request, more than 60 days before the day on which such grace period would otherwise expire, an extension of such grace period unless the Master Servicer obtains for the Trustee an Opinion of Counsel, addressed to the Trustee and the Master Servicer, to the effect that the holding by the Trust Fund of such REO Property subsequent to such period will not result in the imposition of taxes on "prohibited transactions" as defined in Section 860F of the Code or cause any of REMIC I, REMIC II, REMIC III or REMIC IV to fail to qualify as a REMIC (for federal (or any applicable State or local) income tax purposes) at any time that any Certificates are outstanding, in which case the Trust Fund may continue to hold such REO Property (subject to any conditions contained in such Opinion of Counsel). The Master Servicer shall be entitled to be reimbursed from the Custodial Account for any costs incurred in obtaining such Opinion of Counsel, as provided in Section 3.10. Notwithstanding any other provision of this Agreement, no REO Property acquired by the Trust Fund shall be rented (or allowed to continue to be rented) or otherwise used by or on behalf of the Trust Fund in such a manner or pursuant to any terms that would (i) cause such REO Property to fail to qualify as "foreclosure property" within the meaning of Section 860G(a)(8) of the Code or (ii) subject REMIC I, REMIC II, REMIC III or REMIC IV to the imposition of any federal income taxes on the income earned from such REO Property, including any taxes imposed by reason of Section 860G(c) of the Code, unless the Master Servicer has agreed to indemnify and hold harmless the Trust Fund with respect to the imposition of any such taxes. (d) The proceeds of any Cash Liquidation, REO Disposition or purchase or repurchase of any Mortgage Loan pursuant to the terms of this Agreement, as well as any recovery resulting from a collection of Liquidation Proceeds, Insurance Proceeds or REO Proceeds, will be applied in the following order of priority: first, to reimburse the Master Servicer or the related Subservicer in accordance with Section 3.10(a)(ii); second, to the Certificateholders to the extent of accrued and unpaid interest on the Mortgage Loan, and any related REO Imputed Interest, at the Net Mortgage Rate (or the Modified Net Mortgage Rate in the case of a Modified Mortgage Loan), to the Due Date in the related Due Period prior to the Distribution Date on which such amounts are to be distributed; third, to the Certificateholders as a recovery of principal on the Mortgage Loan (or REO Property) (provided that if any such Class of Certificates to which such Realized Loss was allocated is no longer outstanding, such subsequent recovery shall be distributed to the persons who were the Holders of such Class of Certificates when it was retired); fourth, to the Master Servicer; fifth, to all Servicing Fees and Subservicing Fees payable therefrom (and the Master Servicer and the Subservicer shall have no claims for any deficiencies with respect to such fees which result from the foregoing allocation); and sixth, to Foreclosure Profits. 85 Section 3.15 Trustee to Cooperate; Release of Mortgage Files. (a) Upon becoming aware of the payment in full of any Mortgage Loan, or upon the receipt by the Master Servicer of a notification that payment in full will be escrowed in a manner customary for such purposes, the Master Servicer will immediately notify the Trustee (if it holds the related Mortgage File) or the Custodian by a certification of a Servicing Officer (which certification shall include a statement to the effect that all amounts received or to be received in connection with such payment which are required to be deposited in the Custodial Account pursuant to Section 3.07 have been or will be so deposited), substantially in one of the forms attached hereto as Exhibit G requesting delivery to it of the Mortgage File. Upon receipt of such certification and request, the Trustee shall promptly release, or cause the Custodian to release, the related Mortgage File to the Master Servicer. The Master Servicer is authorized to execute and deliver to the Mortgagor the request for reconveyance, deed of reconveyance or release or satisfaction of mortgage or such instrument releasing the lien of the Mortgage, together with the Mortgage Note with, as appropriate, written evidence of cancellation thereon and to cause the removal from the registration on the MERS(R) System of such Mortgage and to execute and deliver, on behalf of the Trustee and the Certificateholders or any of them, any and all instruments of satisfaction or cancellation or of partial or full release, including any applicable UCC termination statements. No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Custodial Account or the Certificate Account. (b) From time to time as is appropriate for the servicing or foreclosure of any Mortgage Loan, the Master Servicer shall deliver to the Custodian, with a copy to the Trustee, a certificate of a Servicing Officer substantially in one of the forms attached as Exhibit G hereto, requesting that possession of all, or any document constituting part of, the Mortgage File be released to the Master Servicer and certifying as to the reason for such release and that such release will not invalidate any insurance coverage provided in respect of the Mortgage Loan under any Required Insurance Policy. Upon receipt of the foregoing, the Trustee shall deliver, or cause the Custodian to deliver, the Mortgage File or any document therein to the Master Servicer. The Master Servicer shall cause each Mortgage File or any document therein so released to be returned to the Trustee, or the Custodian as agent for the Trustee when the need therefor by the Master Servicer no longer exists, unless (i) the Mortgage Loan has been liquidated and the Liquidation Proceeds relating to the Mortgage Loan have been deposited in the Custodial Account or (ii) the Mortgage File or such document has been delivered directly or through a Subservicer to an attorney, or to a public trustee or other public official as required by law, for purposes of initiating or pursuing legal action or other proceedings for the foreclosure of the Mortgaged Property either judicially or non-judicially, and the Master Servicer has delivered directly or through a Subservicer to the Trustee a certificate of a Servicing Officer certifying as to the name and address of the Person to which such Mortgage File or such document was delivered and the purpose or purposes of such delivery. In the event of the liquidation of a Mortgage Loan, the Trustee shall deliver the Request for Release with respect thereto to the Master Servicer upon deposit of the related Liquidation Proceeds in the Custodial Account. (c) The Trustee or the Master Servicer on the Trustee's behalf shall execute and deliver 86 to the Master Servicer, if necessary, any court pleadings, requests for trustee's sale or other documents necessary to the foreclosure or trustee's sale in respect of a Mortgaged Property or to any legal action brought to obtain judgment against any Mortgagor on the Mortgage Note or Mortgage or to obtain a deficiency judgment, or to enforce any other remedies or rights provided by the Mortgage Note or Mortgage or otherwise available at law or in equity. Together with such documents or pleadings (if signed by the Trustee), the Master Servicer shall deliver to the Trustee a certificate of a Servicing Officer requesting that such pleadings or documents be executed by the Trustee and certifying as to the reason such documents or pleadings are required and that the execution and delivery thereof by the Trustee will not invalidate any insurance coverage under any Required Insurance Policy or invalidate or otherwise affect the lien of the Mortgage, except for the termination of such a lien upon completion of the foreclosure or trustee's sale. Section 3.16 Servicing and Other Compensation; Compensating Interest. (a) The Master Servicer, as compensation for its activities hereunder, shall be entitled to receive on each Distribution Date the amounts provided for by clauses (iii), (iv), (v) and (vi) of Section 3.10(a), subject to clause (e) below. The amount of servicing compensation provided for in such clauses shall be accounted for on a Mortgage Loan-by-Mortgage Loan basis. In the event that Liquidation Proceeds, Insurance Proceeds and REO Proceeds (net of amounts reimbursable therefrom pursuant to Section 3.10(a)(ii)) in respect of a Cash Liquidation or REO Disposition exceed the unpaid principal balance of such Mortgage Loan plus unpaid interest accrued thereon (including REO Imputed Interest) at a per annum rate equal to the related Net Mortgage Rate (or the Modified Net Mortgage Rate in the case of a Modified Mortgage Loan), the Master Servicer shall be entitled to retain therefrom and to pay to itself and/or the related Subservicer, any Foreclosure Profits and any Servicing Fee or Subservicing Fee considered to be accrued but unpaid. (b) Additional servicing compensation in the form of prepayment charges, assumption fees, late payment charges, investment income on amounts in the Custodial Account or the Certificate Account or otherwise shall be retained by the Master Servicer or the Subservicer to the extent provided herein, subject to clause (e) below. (c) The Master Servicer shall be required to pay, or cause to be paid, all expenses incurred by it in connection with its servicing activities hereunder (including payment of premiums for the Primary Insurance Policies, if any, to the extent such premiums are not required to be paid by the related Mortgagors, and the fees and expenses of the Trustee and any Custodian) and shall not be entitled to reimbursement therefor except as specifically provided in Sections 3.10 and 3.14. (d) The Master Servicer's right to receive servicing compensation may not be transferred in whole or in part except in connection with the transfer of all of its responsibilities and obligations of the Master Servicer under this Agreement. (e) Notwithstanding clauses (a) and (b) above, the amount of servicing compensation that the Master Servicer shall be entitled to receive for its activities hereunder for the period ending on 87 each Distribution Date shall be reduced (but not below zero) by an amount equal to Compensating Interest (if any) for such Distribution Date. Such reduction shall be applied during such period as follows: first, to any Servicing Fee or Subservicing Fee to which the Master Servicer is entitled pursuant to Section 3.10(a)(iii); second, to any income or gain realized from any investment of funds held in the Custodial Account or the Certificate Account to which the Master Servicer is entitled pursuant to Sections 3.07(c) or 4.01(b), respectively; and third, to any amounts of servicing compensation to which the Master Servicer is entitled pursuant to Section 3.10(a)(v) or (vi). In making such reduction, the Master Servicer will not withdraw from the Custodial Account any such amount representing all or a portion of the Servicing Fee to which it is entitled pursuant to Section 3.10(a)(iii); (ii) will not withdraw from the Custodial Account or Certificate Account any such amount to which it is entitled pursuant to Section 3.07(c) or 4.01(b) and (iii) will not withdraw from the Custodial Account any such amount of servicing compensation to which it is entitled pursuant to Section 3.10(a)(v) or (vi). With respect to any Distribution Date, (i) Compensating Interest derived from Loan Group I shall be used on such Distribution Date to cover any Prepayment Interest Shortfalls on the Group I Loans, (ii) Compensating Interest derived from Loan Group II shall be used on such Distribution Date to cover any Prepayment Interest Shortfalls on the Group II Loans and (iii) Compensating Interest derived from Loan Group III shall be used on such Distribution Date to cover any Prepayment Interest Shortfalls on the Group III Loans. Section 3.17 Reports to the Trustee and the Depositor. Not later than fifteen days after each Distribution Date, the Master Servicer shall forward to the Trustee and the Depositor a statement, certified by a Servicing Officer, setting forth the status of the Custodial Account as of the close of business on such Distribution Date as it relates to the Mortgage Loans and showing, for the period covered by such statement, the aggregate of deposits in or withdrawals from the Custodial Account in respect of the Mortgage Loans for each category of deposit specified in Section 3.07 and each category of withdrawal specified in Section 3.10. Section 3.18 Annual Statement as to Compliance. The Master Servicer will deliver to the Depositor and the Trustee on or before March 31 of each year, beginning with the first March 31 that occurs at least six months after the Cut-off Date, an Officers' Certificate stating, as to each signer thereof, that (i) a review of the activities of the Master Servicer during the preceding calendar year related to its servicing of mortgage loans and of its performance under the pooling and servicing agreements, including this Agreement, has been made under such officers' supervision, (ii) to the best of such officers' knowledge, based on such review, the Master Servicer has complied in all material respects with the minimum servicing standards set forth in the Uniform Single Attestation Program for Mortgage Bankers and has fulfilled all of its material obligations in all material respects throughout such year, or, if there has been material noncompliance with such servicing standards or a default in the fulfillment in all material respects of any such obligation relating to this Agreement, such statement shall include a description of such noncompliance or specify each such default, as the case may be, known to such officer and the nature and status thereof and (iii) to the best of such officers' knowledge, each Subservicer has 88 complied in all material respects with the minimum servicing standards set forth in the Uniform Single Attestation Program for Mortgage Bankers and has fulfilled all of its material obligations under its Subservicing Agreement in all material respects throughout such year, or if there has been material noncompliance with such servicing standards or a material default in the fulfillment of such obligations relating to this Agreement, specifying such statement shall include a description of such noncompliance or specify each such default, as the case may be, known to such officer and the nature and status thereof. Section 3.19 Annual Independent Public Accountants' Servicing Report. On or before March 31 of each year, beginning with the first March 31 that occurs at least six months after the Cut-off Date, the Master Servicer at its expense shall cause a firm of independent public accountants which shall be members of the American Institute of Certified Public Accountants to furnish a report to the Depositor and the Trustee stating its opinion that, on the basis of an examination conducted by such firm substantially in accordance with standards established by the American Institute of Certified Public Accountants, the assertions made pursuant to Section 3.18 regarding compliance with the minimum servicing standards set forth in the Uniform Single Attestation Program for Mortgage Bankers during the preceding calendar year are fairly stated in all material respects, subject to such exceptions and other qualifications that, in the opinion of such firm, such accounting standards require it to report. In rendering such statement, such firm may rely, as to matters relating to the direct servicing of mortgage loans by Subservicers, upon comparable statements for examinations conducted by independent public accountants substantially in accordance with standards established by the American Institute of Certified Public Accountants (rendered within one year of such statement) with respect to such Subservicers. Section 3.20 Right of the Depositor in Respect of the Master Servicer. The Master Servicer shall afford the Depositor, upon reasonable notice, during normal business hours access to all records maintained by the Master Servicer in respect of its rights and obligations hereunder and access to officers of the Master Servicer responsible for such obligations. Upon request, the Master Servicer shall furnish the Depositor with its most recent financial statements and such other information as the Master Servicer possesses regarding its business, affairs, property and condition, financial or otherwise. The Master Servicer shall also cooperate with all reasonable requests for information including, but not limited to, notices, tapes and copies of files, regarding itself, the Mortgage Loans or the Certificates from any Person or Persons identified by the Depositor or Residential Funding. The Depositor may, but is not obligated to perform, or cause a designee to perform, any defaulted obligation of the Master Servicer hereunder or exercise the rights of the Master Servicer hereunder; provided that the Master Servicer shall not be relieved of any of its obligations hereunder by virtue of such performance by the Depositor or its designee. The Depositor shall not have the responsibility or liability for any action or failure to act by the Master Servicer and is not obligated to supervise the performance of the Master Servicer under this Agreement or otherwise. 89 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS Section 4.01 Certificate Account. (a) The Master Servicer acting as agent of the Trustee shall establish and maintain a Certificate Account in which the Master Servicer shall cause to be deposited on behalf of the Trustee on or before 2:00 P.M. New York time on each Certificate Account Deposit Date by wire transfer of immediately available funds an amount equal to the sum of (i) any Advance for the immediately succeeding Distribution Date, (ii) any amount required to be deposited in the Certificate Account pursuant to Section 3.12(a), (iii) any amount required to be deposited in the Certificate Account pursuant to Section 3.16(e) or Section 4.07, (iv) any amount required to be paid pursuant to Section 9.01, and (v) all other amounts constituting the Group I, Group II and Group III Available Distribution Amount for the immediately succeeding Distribution Date. (b) The Trustee shall, upon written request from the Master Servicer, invest or cause the institution maintaining the Certificate Account to invest the funds in the Certificate Account in Permitted Investments designated in the name of the Trustee for the benefit of the Certificateholders, which shall mature not later than the Business Day next preceding the Distribution Date next following the date of such investment (except that (i) any investment in the institution with which the Certificate Account is maintained may mature on such Distribution Date and (ii) any other investment may mature on such Distribution Date if the Trustee shall advance funds on such Distribution Date to the Certificate Account in the amount payable on such investment on such Distribution Date, pending receipt thereof to the extent necessary to make distributions on the Certificates) and shall not be sold or disposed of prior to maturity. All income and gain realized from any such investment shall be for the benefit of the Master Servicer and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments shall be deposited in the Certificate Account by the Master Servicer out of its own funds immediately as realized. Section 4.02 Distributions. (a) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee based solely on information provided by the Master Servicer, shall distribute to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution) either in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or, if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register such Certificateholder's share (which share shall be based on the aggregate of the Percentage Interests represented by Certificates of the 90 applicable Class held by such Holder) of the following amounts, in the following order of priority (subject to the provisions of Section 4.02(b) below), in each case to the extent of the Group I, Group II and Group III Available Distribution Amount: (i) (X) from the Group I Available Distribution Amount, to the Group I Senior Certificates (other than the Class AP-I Certificates), on a pro rata basis based on the Accrued Certificate Interest payable on such Classes of Certificates for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date except as provided in the last paragraph of this Section 4.02(a) (the "Group I Senior Interest Distribution Amount"); (Y) from the Group II Available Distribution Amount, to the Group II Senior Certificates (other than the Class AP-II Certificates), on a pro rata basis based on the Accrued Certificate Interest payable on such Classes of Certificates for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date except as provided in the last paragraph of this Section 4.02(a) (the "Group II Senior Interest Distribution Amount"); (Z) from the Group III Available Distribution Amount, to the Group III Senior Certificates, on a pro rata basis based on Accrued Certificate Interest payable on such Classes of Certificates for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date except as provided in the last paragraph of this Section 4.02(a) (the "Group III Senior Interest Distribution Amount"); and (ii) (X) to the Class AP-I Certificates or Class AP-II Certificates, as applicable, the related Class AP Principal Distribution Amount (as defined in Section 4.02(b)(i) herein); and (Y) to the related Senior Certificates (other than the Class AP-I Certificates and Class AP-II Certificates), in the priorities and amounts set forth in Section 4.02(b)(ii) through (iv), the sum of the following (applied to reduce the Certificate Principal Balances of such Senior Certificates, as applicable): (A) the related Senior Percentage for such Distribution Date times the sum of the following: (i) the principal portion of each Monthly Payment due during the related Due Period on each Outstanding Mortgage Loan (other than the related Discount Fraction of the principal portion of such payment with respect to a related Discount Mortgage Loan) in the related Loan Group, whether or not received on or prior to the related Determination Date, minus the principal portion of any Debt Service Reduction (other than the related 91 Discount Fraction of the principal portion of such Debt Service Reductions with respect to each related Discount Mortgage Loan) which together with other related Bankruptcy Losses exceeds the related Bankruptcy Amount; (ii) the Stated Principal Balance of any Mortgage Loan in the related Loan Group repurchased during the preceding calendar month (or deemed to have been so repurchased in accordance with Section 3.07(b)) pursuant to Sections 2.02, 2.03, 2.04 or 4.07 of this Agreement, and the amount of any shortfall deposited in the Custodial Account in connection with the substitution of a Deleted Mortgage Loan pursuant to Section 2.03 or 2.04 of this Agreement during the preceding calendar month (other than the related Discount Fraction of such Stated Principal Balance or shortfall with respect to each related Discount Mortgage Loan); and (iii) the principal portion of all other unscheduled collections with respect to the related Loan Group (other than Principal Prepayments in Full and Curtailments and amounts received in connection with a Cash Liquidation or REO Disposition of a Mortgage Loan described in Section 4.02(a)(ii)(B), including without limitation Insurance Proceeds, Liquidation Proceeds and REO Proceeds) received during the preceding calendar month (or deemed to have been so received in accordance with Section 3.07(b)) to the extent applied by the Master Servicer as recoveries of principal of the related Mortgage Loan pursuant to Section 3.14 (other than the related Discount Fraction of the principal portion of such unscheduled collections, with respect to each related Discount Mortgage Loan); (B) with respect to each Mortgage Loan in the related Loan Group for which a Cash Liquidation or a REO Disposition occurred during the preceding calendar month (or was deemed to have occurred during such period in accordance with Section 3.07(b)) and did not result in any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses or Extraordinary Losses, an amount equal to the lesser of (a) the related Senior Percentage for such Distribution Date times the Stated Principal Balance of such Mortgage Loan (other than the related Discount Fraction of such Stated Principal Balance with respect to each related Discount Mortgage Loan) and (b) the related Senior Accelerated Distribution Percentage for such Distribution Date times the related unscheduled collections (including without limitation Insurance Proceeds, Liquidation Proceeds and REO Proceeds) to the extent applied by the Master Servicer as recoveries of principal of the related Mortgage Loan pursuant to Section 3.14 (in each case other than the portion of such unscheduled collections, with respect to a related Discount Mortgage Loan, included in Section 4.02(b)(i)(3) of this Agreement); (C) the related Senior Accelerated Distribution Percentage for such 92 Distribution Date times the aggregate of all Principal Prepayments in Full received in the related Prepayment Period and Curtailments with respect to the related Loan Group received in the preceding calendar month (other than the related Discount Fraction of such Principal Prepayments in Full and Curtailments with respect to each related Discount Mortgage Loan); (D) any Excess Subordinate Principal Amount allocated to the related Loan Group but only to the extent of Eligible Funds in the related Loan Group for such Distribution Date; and (E) any amounts described in subsection (ii), clauses (Y) (A), (B) and (C) of this Section 4.02(a), as determined for any previous Distribution Date, which remain unpaid after application of amounts previously distributed pursuant to this clause (E) to the extent that such amounts are not attributable to Realized Losses which have been allocated to the related Subordinate Certificates; and (F) to the Holders of the Group I Certificates, Group II Certificates or Group III Certificates, as applicable, amounts required to be distributed pursuant to Section 4.02(c); (iii) to the Holders of the Class M-I-1, Class M-II-1 and Class M-III-1 Certificates, as applicable, the Accrued Certificate Interest thereon for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date, except as provided below; (iv) to the Holders of the Class M-I-1, Class M-II-1 and Class M-III-1 Certificates, as applicable, an amount equal to (x) the Subordinate Principal Distribution Amount for such Class of Certificates for such Distribution Date, applied in reduction of the Certificate Principal Balance of the Class M-I-1, Class M-II-1 and Class M-III-1 Certificates; (v) to the Holders of the Class M-I-2, Class M-II-2 and Class M-III-2 Certificates, as applicable, the Accrued Certificate Interest thereon for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date, except as provided below; (vi) to the Holders of the Class M-I-2, Class M-II-2 and Class M-III-2 Certificates, as applicable, an amount equal to (x) the Subordinate Principal Distribution Amount for such Class of Certificates for such Distribution Date, applied in reduction of the Certificate Principal Balance of the Class M-I-2, Class M-II-2 and Class M-III-2 Certificates; (vii) to the Holders of the Class M-I-3, Class M-II-3 and Class M-III-3 Certificates, as applicable, the Accrued Certificate Interest thereon for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date, 93 except as provided below; (viii) to the Holders of the Class M-I-3, Class M-II-3 and Class M-III-3 Certificates, as applicable, an amount equal to (x) the Subordinate Principal Distribution Amount for such Class of Certificates for such Distribution Date, applied in reduction of the Certificate Principal Balance of the Class M-I-3, Class M-II-3 and Class M-III-3 Certificates; (ix) to the Holders of the Class B-I-1, Class B-II-1 and Class B-III-1 Certificates, as applicable, the Accrued Certificate Interest thereon for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date, except as provided below; (x) to the Holders of the Class B-I-1, Class B-II-1 and Class B-III-1 Certificates, as applicable, an amount equal to (x) the Subordinate Principal Distribution Amount for such Class of Certificates for such Distribution Date, applied in reduction of the Certificate Principal Balance of the Class B-I-1, Class B-II-1 and Class B-III-1 Certificates; (xi) to the Holders of the Class B-I-2, Class B-II-2 and Class B-III-2 Certificates, as applicable, the Accrued Certificate Interest thereon for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date, except as provided below; (xii) to the Holders of the Class B-I-2, Class B-II-2 and Class B-III-2 Certificates, as applicable, an amount equal to (x) the Subordinate Principal Distribution Amount for such Class of Certificates for such Distribution Date, applied in reduction of the Certificate Principal Balance of the Class B-I-2, Class B-II-2 and Class B-III-2 Certificates; (xiii) to the Holders of the Class B-I-3, Class B-II-3 and Class B-III-3 Certificates, as applicable, an amount equal to (x) the Accrued Certificate Interest thereon for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date, except as provided below; (xiv) to the Holders of the Class B-I-3, Class B-II-3 and Class B-III-3 Certificates, as applicable, an amount equal to the Subordinate Principal Distribution Amount for such Class of Certificates for such Distribution Date; (xv) to the related Senior Certificates, in the priority set forth in Section 4.02(b), the portion, if any, of the related Available Distribution Amount remaining after the foregoing distributions, applied to reduce the Certificate Principal Balances of such Senior Certificates, but in no event more than the aggregate of the outstanding Certificate Principal Balances of each such Class of Senior Certificates, and thereafter, to each Class of related Subordinate Certificates then outstanding beginning with such Class with the Highest Priority, any portion of the related Available Distribution Amount remaining after the related 94 Senior Certificates have been retired, applied to reduce the Certificate Principal Balance of each such Class of Subordinate Certificates, but in no event more than the outstanding Certificate Principal Balance of each such Class of Subordinate Certificates; and (xvi) to the Class R-IV Certificates, the balance, if any, of the related Available Distribution Amount. Notwithstanding the foregoing, on any Distribution Date, with respect to the Class of Subordinate Certificates outstanding on such Distribution Date with the Lowest Priority, or in the event the Subordinate Certificates are no longer outstanding, the Senior Certificates, Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date will be distributable only to the extent that such unpaid Accrued Certificate Interest was attributable to interest shortfalls relating to the failure of the Master Servicer to make any required Advance, or the determination by the Master Servicer that any proposed Advance would be a Nonrecoverable Advance with respect to the related Mortgage Loan where such Mortgage Loan has not yet been the subject of a Cash Liquidation or REO Disposition or the related Liquidation Proceeds, Insurance Proceeds and REO Proceeds have not yet been distributed to the Certificateholders. (b) Distributions of principal on the Senior Certificates on each Distribution Date occurring prior to the Credit Support Depletion Date will be made as follows: (i) to the Class AP-I Certificates and Class AP-II Certificates from the Group I Available Distribution Amount and Group II Available Distribution Amount, respectively, until the Certificate Principal Balance thereof is reduced to zero, an amount (the related "Class AP Principal Distribution Amount") equal to the aggregate of: (1) the related Discount Fraction of the principal portion of each Monthly Payment on each related Discount Mortgage Loan due during the related Due Period, whether or not received on or prior to the related Determination Date, minus the related Discount Fraction of the principal portion of any related Debt Service Reduction which together with other related Bankruptcy Losses exceeds the related Bankruptcy Amount; (2) the related Discount Fraction of the principal portion of all unscheduled collections on each related Discount Mortgage Loan received during the preceding calendar month or, in the case of Principal Prepayments in Full, during the related Prepayment Period (other than amounts received in connection with a Cash Liquidation or REO Disposition of a related Discount Mortgage Loan described in clause (3) below), including Principal Prepayments in Full, Curtailments and repurchases (including repurchases deemed to have occurred during such period in accordance with Section 3.07(b)) of related Discount Mortgage Loans(or, in the case of a substitution of a related Deleted Mortgage Loan, the related Discount Fraction of the 95 amount of any shortfall deposited in the Custodial Account in connection with such substitution); (3) in connection with the Cash Liquidation or REO Disposition of a related Discount Mortgage Loan that did not result in any Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses or Extraordinary Losses, an amount equal to the lesser of (1) the applicable Discount Fraction of the Stated Principal Balance of such related Discount Mortgage Loan immediately prior to such Distribution Date and (2) the aggregate amount of the collections on such related Discount Mortgage Loan to the extent applied as recoveries of principal; (4) any amounts allocable to principal for the related Loan Group for any previous Distribution Date (calculated pursuant to clauses (1) through (3) above) that remain undistributed; and (5) the amount of any related Class AP Collection Shortfalls for such Distribution Date and the amount of any such Class AP Collection Shortfalls remaining unpaid for all previous Distribution Dates, but only to the extent of the Eligible Funds in the related Loan Group for such Distribution Date; (ii) the following amounts shall be distributed to the Group I Senior Certificates (other than the Class A-I-3 Certificates and Class AP-I Certificates) as follows: (A) the Group I Senior Principal Distribution Amount shall be distributed to the Class R-I Certificates and Class R-IV Certificates, concurrently, on a pro rata basis, in each case until the Certificate Principal Balance thereof has been reduced to zero; and (B) the balance of the Group I Senior Principal Distribution Amount shall be distributed concurrently, on a pro rata basis, to the Class A-I-1 Certificates and Class A-I-2 Certificates, in each case until the Certificate Principal Balance thereof has been reduced to zero. (iii) the following amounts shall be distributed to the Group II Senior Certificates (other than the Class AP-II Certificates) as follows: (A) the Group II Senior Principal Distribution Amount shall be distributed to the Class R-II Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (B) the balance of the Group II Senior Principal Distribution Amount shall 96 be distributed to the Class A-II Certificates, until the Certificate Principal Balance thereof has been reduced to zero. (iv) the Group III Senior Principal Distribution Amount shall be distributed sequentially, to the Class R-III Certificates and Class A-III Certificates, in each case until the Certificate Principal Balance thereof has been reduced to zero. (v) On or after the occurrence of the Credit Support Depletion Date, all priorities relating to distributions as described in Section 4.02(b) of this Agreement in respect of principal among the Senior Certificates (other than the Class A-I-3, Class AP-I and Class AP-II Certificates) will be disregarded, and (i) the remaining Group I Senior Principal Distribution Amount will be distributed to the Group I Certificates (other than the Class A-I- 3 Certificates and Class AP-I Certificates) pro rata in accordance with their respective outstanding Certificate Principal Balances, (ii) the remaining Group II Senior Principal Distribution Amount will be distributed to the Group II Certificates (other than the Class AP- II Certificates) pro rata in accordance with their respective outstanding Certificate Principal Balances, (iii) the remaining Group III Senior Principal Distribution Amount will be distributed to the Group III Certificates pro rata in accordance with their respective outstanding Certificate Principal Balances, (iv) the related Senior Interest Distribution Amount will be distributed as described in Section 4.02(a)(i)(X), (Y) and (Z) and (v) an amount equal to the related Discount Fraction of the principal portion of scheduled payments and unscheduled collections received or advanced in respect of related Discount Mortgage Loans will be distributed to the Class AP-I Certificates and Class AP-II Certificates, as applicable. (c) In addition to the foregoing distributions, with respect to any Mortgage Loan that was previously the subject of a Cash Liquidation or an REO Disposition that resulted in a Realized Loss, in the event that within two years of the date on which such Realized Loss was determined to have occurred the Master Servicer receives amounts which the Master Servicer reasonably believes to represent subsequent recoveries (net of any related liquidation expenses), or determines that it holds surplus amounts previously reserved to cover estimated expenses specifically related to such Mortgage Loan (including, but not limited to, recoveries (net of any related liquidation expenses) in respect of the representations and warranties made by the related Seller pursuant to the applicable Seller's Agreement), the Master Servicer shall distribute such amounts to the Class or Classes to which such Realized Loss was allocated (with the amounts to be distributed allocated among such Classes in the same proportions as such Realized Loss was allocated), and within each such Class to the Certificateholders of record as of the Record Date immediately preceding the date of such distribution (or if such Class of Certificates is no longer outstanding, to the Certificateholders of record at the time that such Realized Loss was allocated) with respect to the Certificates of any Class, on a pro rata basis based on the Percentage Interest represented by each Certificate of such Class as of such Record Date; provided that no such distribution to any Class of Certificates of subsequent recoveries related to a Mortgage Loan shall exceed, either individually or in the aggregate and together with any other amounts paid in reimbursement therefor, the amount of the 97 related Realized Loss that was allocated to such Class of Certificates. (d) Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, as Holder thereof, and the Depository shall be responsible for crediting the amount of such distribution to the accounts of its Depository Participants in accordance with its normal procedures. Each Depository Participant shall be responsible for disbursing such distribution to the Certificate Owners that it represents and to each indirect participating brokerage firm (a "brokerage firm" or "indirect participating firm") for which it acts as agent. Each brokerage firm shall be responsible for disbursing funds to the Certificate Owners that it represents. None of the Trustee, the Certificate Registrar, the Depositor or the Master Servicer shall have any responsibility therefor except as otherwise provided by this Agreement or applicable law. (e) Except as otherwise provided in Section 9.01, if the Master Servicer anticipates that a final distribution with respect to any Class of Certificates will be made on the next Distribution Date, the Master Servicer shall, no later than the Determination Date in the month of such final distribution, notify the Trustee and the Trustee shall, no later than two (2) Business Days after such Determination Date, mail on such date to each Holder of such Class of Certificates a notice to the effect that: (i) the Trustee anticipates that the final distribution with respect to such Class of Certificates will be made on such Distribution Date but only upon presentation and surrender of such Certificates at the office of the Trustee or as otherwise specified therein, and (ii) no interest shall accrue on such Certificates from and after the end of the prior calendar month. In the event that Certificateholders required to surrender their Certificates pursuant to Section 9.01(c) do not surrender their Certificates for final cancellation, the Trustee shall cause funds distributable with respect to such Certificates to be withdrawn from the Certificate Account and credited to a separate escrow account for the benefit of such Certificateholders as provided in Section 9.01(d). Section 4.03 Statements to Certificateholders. (a) The Master Servicer shall forward to the Trustee no later than 5:00 P.M. New York time on the second Business Day prior to each Distribution Date, and the Trustee shall on such Distribution Date make available electronically via the Trustee's internet website which is presently located at https://www.corporatetrust.db.com/invr, or for persons unable to use this website by mail by contacting the investor relations desk at (800) 735-7777, to each Holder and the Depositor, a statement setting forth the following information as to each Class of Certificates, in each case to the extent applicable: (i) (A) the amount of such distribution to the Certificateholders of such Class applied to reduce the Certificate Principal Balance thereof, and (B) the aggregate amount included therein representing Principal Prepayments; (ii) the amount of such distribution to Holders of such Class of Certificates allocable to interest; 98 (iii) if the distribution to the Holders of such Class of Certificates is less than the full amount that would be distributable to such Holders if there were sufficient funds available therefor, the amount of the shortfall; (iv) the amount of any Advance by the Master Servicer with respect to the Group I, Group II and Group III Loans pursuant to Section 4.04; (v) the number of Group I, Group II and Group III Loans and the Stated Principal Balance after giving effect to the distribution of principal on such Distribution Date; (vi) the aggregate Certificate Principal Balance of each Class of the Certificates, after giving effect to the amounts distributed on such Distribution Date, separately identifying any reduction thereof due to Realized Losses other than pursuant to an actual distribution of principal; (vii) on the basis of the most recent reports furnished to it by Subservicers, the number and aggregate principal balances of Group I, Group II and Group III Loans that are Delinquent (A) one month, (B) two months and (C) three or more months and the number and aggregate principal balance of Group I, Group II and Group III Loans that are in foreclosure; (viii) the number, aggregate principal balance and book value of any REO Properties; (ix) the aggregate Accrued Certificate Interest remaining unpaid, if any, for each Class of Certificates, after giving effect to the distribution made on such Distribution Date; (x) the aggregate amount of Realized Losses for such Distribution Date and the aggregate amount of Realized Losses on the Group I, Group II and Group III Loans incurred since the Cut-off Date; (xi) the Special Hazard Amount, Bankruptcy Amount and Fraud Loss Amount as of the close of business on such Distribution Date and a description of any change in the calculation of such amounts; (xii) the Pass-Through Rate on each Class of Certificates and the Weighted Average Net Mortgage Rate; (xiii) the number and aggregate principal balance of Group I, Group II and Group III Loans repurchased under Section 4.07; (xiv) the aggregate amount of any recoveries on previously foreclosed loans from Residential Funding due to a breach of representation or warranty; 99 (xv) the weighted average remaining term to maturity of the Group I, Group II and Group III Loans after giving effect to the amounts distributed on such Distribution Date; and (xvi) the weighted average Mortgage Rates of the Group I, Group II and Group III Loans after giving effect to the amounts distributed on such Distribution Date. In the case of information furnished pursuant to clauses (i) and (ii) above, the amounts shall be expressed as a dollar amount per Certificate with a $1,000 denomination. In addition to the statement provided to the Trustee as set forth in this Section 4.03(a), the Master Servicer shall provide to any manager of a trust fund consisting of some or all of the Certificates, upon reasonable request, such additional information as is reasonably obtainable by the Master Servicer at no additional expense to the Master Servicer. (b) Within a reasonable period of time after the end of each calendar year, the Master Servicer shall prepare, or cause to be prepared, and the Trustee shall forward, or cause to be forwarded, to each Person who at any time during the calendar year was the Holder of a Certificate, other than a Class R Certificate, a statement containing the information set forth in clauses (i) and (ii) of subsection (a) above aggregated for such calendar year or applicable portion thereof during which such Person was a Certificateholder. Such obligation of the Master Servicer and Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Master Servicer and Trustee pursuant to any requirements of the Code. (c) As soon as reasonably practicable, upon the written request of any Certificateholder, the Master Servicer shall provide the requesting Certificateholder with such information as is necessary and appropriate, in the Master Servicer's sole discretion, for purposes of satisfying applicable reporting requirements under Rule 144A. Section 4.04 Distribution of Reports to the Trustee and the Depositor; Advances by the Master Servicer. (a) Prior to the close of business on the Business Day next succeeding each Determination Date, the Master Servicer shall furnish a written statement (which may be in a mutually agreeable electronic format) to the Trustee, any Paying Agent and the Depositor (the information in such statement to be made available to Certificateholders by the Master Servicer on request) (provided that the Master Servicer will use its best efforts to deliver such written statement not later than 12:00 p.m. New York time on the second Business Day prior to the Distribution Date) setting forth (i) the Group I, Group II and Group III Available Distribution Amounts, (ii) the amounts required to be withdrawn from the Custodial Account and deposited into the Certificate Account on the immediately succeeding Certificate Account Deposit Date pursuant to clause (iii) of Section 4.01(a), (iii) the amount of Prepayment Interest Shortfalls, and (iv) to the extent required, a report detailing the Stated Principal Balance, Mortgage Rate, Modified Mortgage Rate, remaining term to maturity and Monthly Payment for any Modified Mortgage Loan pursuant to Section 3.13. 100 The determination by the Master Servicer of such amounts shall, in the absence of obvious error, be presumptively deemed to be correct for all purposes hereunder and the Trustee shall be protected in relying upon the same without any independent check or verification. (b) On or before 2:00 P.M. New York time on each Certificate Account Deposit Date, the Master Servicer shall either (i) deposit in the Certificate Account from its own funds, or funds received therefor from the Subservicers, an amount equal to the Advances to be made by the Master Servicer in respect of the related Distribution Date, which shall be in an aggregate amount equal to the aggregate amount of Monthly Payments (with each interest portion thereof adjusted to a per annum rate equal to the Net Mortgage Rate), less the amount of any related Servicing Modifications, Debt Service Reductions or reductions in the amount of interest collectable from the Mortgagor pursuant to the Relief Act or similar legislation or regulations then in effect, on the Outstanding Mortgage Loans as of the related Due Date in the related Due Period, which Monthly Payments were due during the related Due Period and not received as of the close of business as of the related Determination Date; provided that no Advance shall be made if it would be a Nonrecoverable Advance, (ii) withdraw from amounts on deposit in the Custodial Account and deposit in the Certificate Account all or a portion of the Amount Held for Future Distribution in discharge of any such Advance, or (iii) make advances in the form of any combination of clauses (i) and (ii) aggregating the amount of such Advance. Any portion of the Amount Held for Future Distribution so used shall be replaced by the Master Servicer by deposit in the Certificate Account on or before 11:00 A.M. New York time on any future Certificate Account Deposit Date to the extent that funds attributable to the Mortgage Loans that are available in the Custodial Account for deposit in the Certificate Account on such Certificate Account Deposit Date shall be less than payments to Certificateholders required to be made on the following Distribution Date. The Master Servicer shall be entitled to use any Advance made by a Subservicer as described in Section 3.07(b) that has been deposited in the Custodial Account on or before such Distribution Date as part of the Advance made by the Master Servicer pursuant to this Section 4.04. The determination by the Master Servicer that it has made a Nonrecoverable Advance or that any proposed Advance, if made, would constitute a Nonrecoverable Advance, shall be evidenced by a certificate of a Servicing Officer delivered to the Depositor and the Trustee. In the event that the Master Servicer determines as of the Business Day preceding any Certificate Account Deposit Date that it will be unable to deposit in the Certificate Account an amount equal to the Advance required to be made for the immediately succeeding Distribution Date, it shall give notice to the Trustee of its inability to advance (such notice may be given by telecopy), not later than 3:00 P.M., New York time, on such Business Day, specifying the portion of such amount that it will be unable to deposit. Not later than 3:00 P.M., New York time, on the Certificate Account Deposit Date the Trustee shall, unless by 12:00 Noon, New York time, on such day the Trustee shall have been notified in writing (by telecopy) that the Master Servicer shall have directly or indirectly deposited in the Certificate Account such portion of the amount of the Advance as to which the Master Servicer shall have given notice pursuant to the preceding sentence, pursuant to Section 7.01, (a) terminate all of the rights and obligations of the Master Servicer under this 101 Agreement in accordance with Section 7.01 and (b) assume the rights and obligations of the Master Servicer hereunder, including the obligation to deposit in the Certificate Account an amount equal to the Advance for the immediately succeeding Distribution Date. The Trustee shall deposit all funds it receives pursuant to this Section 4.04 into the Certificate Account. Section 4.05 Allocation of Realized Losses. (a) Prior to each Distribution Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Servicing Modifications, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Prepayment Period or, in the case of a Servicing Modification that constitutes a reduction of the interest rate on a Mortgage Loan, the amount of the reduction in the interest portion of the Monthly Payment due in the month in which such Distribution Date occurs. The amount of each Realized Loss shall be evidenced by an Officers' Certificate. All Realized Losses on the Mortgage Loans (other than Excess Losses) shall be allocated as follows: (a) with respect to the Group I Loans, first, to the Class B-I-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; second, to the Class B-I-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class B-I-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-I-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-I-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-I-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; and, thereafter, if any such Realized Losses are on a Group I Discount Mortgage Loan, to the Class AP-I Certificates in an amount equal to the related Group I Discount Fraction of the principal portion thereof, and the remainder of such Realized Losses on the Group I Discount Mortgage Loans and the entire amount of such Realized Losses on Group I Non-Discount Mortgage Loans, among the Group I Senior Certificates (other than the Class AP-I Certificates) on a pro rata basis, as described below, (b) with respect to the Group II Loans, first, to the Class B-II-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; second, to the Class B-II-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class B-II-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-II-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-II-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-II-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; and, thereafter, if any such Realized Losses are on a Group II Discount Mortgage Loan, to the Class AP-II Certificates in an amount equal to the related Group II Discount Fraction of the principal portion thereof, and the remainder of such Realized Losses on the Group II Discount Mortgage Loans and the entire amount of such Realized Losses on Group II Non-Discount Mortgage Loans, among the Group II Senior Certificates (other than the Class AP-II Certificates) on a pro rata basis, as described below and (c) with respect to the Group III Loans, first, to the Class B-III-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; second, to the Class B-III-2 Certificates until the 102 Certificate Principal Balance thereof has been reduced to zero; third, to the Class B-III-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-III-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-III-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-III-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; and, thereafter, among all the Group III Senior Certificates on a pro rata basis, as described below. (b) Any Extraordinary Losses with respect to the Group I, Group II and Group III Loans will be allocated among the Group I Certificates, Group II Certificates and Group III Certificates on a pro rata basis; provided that the related Discount Fraction of the principal portion of a Realized Loss on a Discount Mortgage Loans will be allocated to the Class AP-I Certificates or Class AP-II Certificates, as applicable. Excess Special Hazard Losses, Excess Bankruptcy Losses and Excess Fraud Losses will be allocated as follows: (a) with respect to the Group I Loans, first, to the Class B-II-3 Certificates and Class B-III-3 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; second, to the Class B-II-2 Certificates and Class B-III- 2 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; third, to the Class B-II-1 Certificates and Class B-III-1 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; fourth, to the Class M-II-3 Certificates and Class M-III-3 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; fifth, to the Class M-II-2 Certificates and Class M-III-2 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; and sixth, to the Class M-II-1 Certificates and Class M-III-1 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; (b) with respect to the Group II Loans, first, to the Class B-I-3 Certificates and Class B-III-3 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; second, to the Class B-I-2 Certificates and Class B-III-2 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; third, to the Class B-I-1 Certificates and Class B-III-1 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; fourth, to the Class M-I-3 Certificates and Class M-III-3 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; fifth, to the Class M-I-2 Certificates and Class M-III-2 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; and sixth, to the Class M-I-1 Certificates and Class M- III-1 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero and (c) with respect to the Group III Loans, first, to the Class B-I-3 Certificates and Class B-II-3 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; second, to the Class B-I-2 Certificates and Class B-II-2 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; third, to the Class B-I-1 Certificates and Class B-II-1 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; fourth, to the Class M-I-3 Certificates and Class M-II-3 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; fifth, to the Class M-I-2 Certificates and Class M-II-2 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; and sixth, to 103 the Class M-II-1 Certificates and Class M-II-1 Certificates, on a pro rata basis, until the Certificate Principal Balances thereof have been reduced to zero; provided however that such losses will be so allocated pursuant to this provision solely to the extent of the remaining Special Hazard Loss Amount, Bankruptcy Amount or Fraud Loss Amount, as applicable, related to the certificate group to which these losses are allocated and to the extent of the Certificate Principal Balance of the Class B Certificates or Class M Certificates related to that Loan Group, and thereafter shall be allocated pro rata among all the Certificates in the Certificate Group in which these losses occurred; and provided further, that the related Discount Fraction of the principal portion of any Excess Loss on a Discount Mortgage Loan will be allocated to the Class AP-I Certificates or Class AP-II Certificates, as applicable. As used herein, an allocation of a Realized Loss on a "pro rata basis" among two or more specified Classes of Certificates means an allocation on a pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date in the case of the principal portion of a Realized Loss or based on the Accrued Certificate Interest thereon payable on such Distribution Date (without regard to any Compensating Interest for such Distribution Date) in the case of an interest portion of a Realized Loss. Furthermore, any allocation of an Excess Bankruptcy Loss, Excess Fraud Loss or Excess Special Hazard Loss as specified in the second preceding paragraph shall be accomplished according to the following provisions: (i) any allocation of an Excess Bankruptcy Loss, Excess Fraud Loss or Excess Special Hazard Loss on a "pro rata" basis to two Subordinate Certificates, each of a non- related Loan Group, shall be allocated among such Subordinated Certificates according to their Certificate Principal Balances prior to any distributions on such Distribution Date, but after application of any Realized Losses from the related Loan Group of each such Subordinate Certificate; (ii) any allocation of Excess Bankruptcy Losses, Excess Fraud Losses or Excess Special Hazard Losses from two non-related Loan Groups to a Subordinate Certificate shall be allocated to such Subordinate Certificate from each non-related Loan Group on a pro rata basis, based on the amount of such Excess Bankruptcy Loss, Excess Fraud Loss or Excess Special Hazard Loss from each such non-related Loan Group; and (iii) if on any Distribution Date the aggregate amount of Excess Bankruptcy Losses, Excess Fraud Losses or Excess Special Hazard Losses to be allocated from two non- related Loan Groups to a Class M-1 Certificate is greater than the outstanding Certificate Principal Balance of such Class prior to such allocation, then the Excess Bankruptcy Losses, Excess Fraud Losses or Excess Special Hazard Losses shall be allocated from such non- related Loan Groups, on a pro rata basis based on the respective amounts of Excess Bankruptcy Losses, Excess Fraud Losses or Excess Special Hazard Losses, in an aggregate 104 amount necessary to reduce the Certificate Principal Balance of such Class M-1 Certificate to zero, and any remaining amount of Excess Bankruptcy Losses, Excess Fraud Losses or Excess Special Hazard Losses shall be allocated to the Senior Certificates (other than the related Discount Fraction of the principal portion of any Excess Loss on a Discount Mortgage Loan which will be allocated to the Class AP-I Certificates or Class AP-II Certificates) of the related Loan Group. (c) Any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to the Class A, Class R, Class M or Class B Certificates shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, which allocation shall be deemed to have occurred on such Distribution Date. Allocations of the interest portions of Realized Losses shall be made by operation of the definition of "Accrued Certificate Interest" and by operation of the priority of payment provisions of Section 4.02(a). All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby. (d) All Realized Losses on the Mortgage Loans shall be allocated on each Distribution Date to the following REMIC I Regular Interests, REMIC II Regular Interests and REMIC III Regular Interests: (a) with respect to the Group I Loans, concurrently to REMIC I Regular Interest LT-IA1 and REMIC I Regular Interest LT-IA2 until the Certificate Principal Balances thereof have been reduced to zero; (b) with respect to the Group II Loans, to REMIC II Regular Interest LT-II until the Certificate Principal Balance thereof has been reduced to zero; and (c) with respect to the Group III Loans, to REMIC III Regular Interest LT-III until the Certificate Principal Balance has been reduced to zero. Section 4.06 Reports of Foreclosures and Abandonment of Mortgaged Property. The Master Servicer or the Subservicers shall file information returns with respect to the receipt of mortgage interest received in a trade or business, the reports of foreclosures and abandonments of any Mortgaged Property and the informational returns relating to cancellation of indebtedness income with respect to any Mortgaged Property required by Sections 6050H, 6050J and 6050P of the Code, respectively, and deliver to the Trustee an Officers' Certificate on or before March 31 of each year stating that such reports have been filed. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by such Sections 6050H, 6050J and 6050P of the Code. Section 4.07 Optional Purchase of Defaulted Mortgage Loans. As to any Mortgage Loan which is delinquent in payment by 90 days or more, the Master Servicer may, at its option, purchase such Mortgage Loan from the Trustee at the Purchase Price therefor; provided, that any such Mortgage Loan that becomes 90 days or more delinquent during any given Calendar Quarter shall only be eligible for purchase pursuant to this Section during the period beginning on the first Business Day of the following Calendar Quarter, and ending at the 105 close of business on the second-to-last Business Day of such following Calendar Quarter. Such option if not exercised shall not thereafter be reinstated as to any Mortgage Loan, unless the delinquency is cured and the Mortgage Loan thereafter again becomes delinquent in payment by 90 days or more in a subsequent Calendar Quarter. If at any time the Master Servicer makes a payment to the Certificate Account covering the amount of the Purchase Price for such a Mortgage Loan, and the Master Servicer provides to the Trustee a certification signed by a Servicing Officer stating that the amount of such payment has been deposited in the Certificate Account, then the Trustee shall execute the assignment of such Mortgage Loan at the request of the Master Servicer without recourse to the Master Servicer which shall succeed to all the Trustee's right, title and interest in and to such Mortgage Loan, and all security and documents relative thereto. Such assignment shall be an assignment outright and not for security. The Master Servicer will thereupon own such Mortgage, and all such security and documents, free of any further obligation to the Trustee or the Certificateholders with respect thereto. Section 4.08 Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date, the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests, Uncertificated Accrued Interest on the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests for such Distribution Date, plus any Uncertificated REMIC I, REMIC II or REMIC III Accrued Interest thereon remaining unpaid from any previous Distribution Date in the same manner as it is distributed to the Corresponding Certificate. (b) On each Distribution Date, the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests, as principal on the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests, an amount equal to the sum of the amounts distributed as principal on the Certificates (other than the Class R Certificates) under Sections 4.02(a)(ii), (iv), (vi), (viii), (x), (xii), (xiv) and (xv), in the same manner as such amounts are distributed to the Corresponding Certificates. (c) In determining from time to time the amounts to be distributed to the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests, Realized Losses allocated under Section 4.05 shall be deemed allocated to Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests for the related Distribution Date in the same manner as allocated to the Corresponding Certificates. (d) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests described in this Section 4.08, distributions of funds from the Certificate Account shall be 106 made only in accordance with Section 4.02. Section 4.09 Surety Bond. (a) If a Required Surety Payment is payable pursuant to the Surety Bond with respect to any Additional Collateral Loan, the Master Servicer shall so notify the Trustee as soon as reasonably practicable and the Trustee shall promptly complete the notice in the form of Attachment 1 to the Surety Bond and shall promptly submit such notice to the Surety as a claim for a Required Surety. The Master Servicer shall upon request assist the Trustee in completing such notice and shall provide any information requested by the Trustee in connection therewith. (b) Upon receipt of a Required Surety Payment from the Surety on behalf of the Holders of Certificates, the Trustee shall deposit such Required Surety Payment in the Certificate Account and shall distribute such Required Surety Payment, or the proceeds thereof, in accordance with the provisions of Section 4.02. (c) The Trustee shall (i) receive as attorney-in-fact of each Holder of a Certificate any Required Surety Payment from the Surety and (ii) disburse the same to the Holders of such Certificates as set forth in Section 4.02. (d) The Depositor hereby directs the Trustee to acknowledge and accept the Assignment and Notice of Transfer attached as Attachment 2 to the Surety Bond. 107 ARTICLE V THE CERTIFICATES Section 5.01 The Certificates. (a) The Class A Certificates (other than the Class AP-I, Class AP-II, Class AV-I and Class AV-II Certificates), Class AP-I Certificates and Class AP-II Certificates, Class AV-I Certificates and Class AV-II Certificates, Class M Certificates, Class B Certificates and Class R Certificates shall be substantially in the forms set forth in Exhibits A-1, A-2, A-3, B, C and D, respectively, and shall, on original issue, be executed and delivered by the Trustee to the Certificate Registrar for authentication and delivery to or upon the order of the Depositor upon receipt by the Trustee or one or more Custodians of the documents specified in Section 2.01. The Class A (other than the Class A-I-3 Certificates), Class M-I-1, Class M-II-1 and Class M-III-1 Certificates shall be issuable in minimum dollar denominations of $25,000 and integral multiples of $1 in excess thereof. The Class M-I-2, Class M-II-2, Class M-III-2, Class M-I-3, Class M-II-3, Class M-III-3, Class B-I-1, Class B-I-2, Class B-I-3 , Class B-II-1, Class B-II-2, Class B-II-3, Class B-III-1, Class B-III-2 and Class B-III-3 Certificates shall be issuable in minimum dollar denominations of $250,000 and integral multiples of $1 in excess thereof, except in the case of the Class B-I-1, Class B-I-2, Class B-II-1, Class B-II-2 and Class B-III-2 Certificates which will be issued in minimum original denominations equal to their respective initial Certificate Principal Balances. The Class A-I-3 Certificates and each Class of Class R Certificates shall be issued in registered, certificated form in minimum percentage interests of 20.00% and integral multiples of 0.01% in excess thereof; provided, however, that one Class R Certificate of each Class will be issuable to the REMIC Administrator as "tax matters person" pursuant to Section 10.01(c) in a minimum denomination representing a Percentage Interest of not less than 0.01%. The Certificates shall be executed by manual or facsimile signature on behalf of an authorized officer of the Trustee. Certificates bearing the manual or facsimile signatures of individuals who were at any time the proper officers of the Trustee shall bind the Trustee, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Certificate or did not hold such offices at the date of such Certificates. No Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless there appears on such Certificate a certificate of authentication substantially in the form provided for herein executed by the Certificate Registrar by manual signature, and such certificate upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder. All Certificates shall be dated the date of their authentication. (b) The Class A and Class M Certificates shall initially be issued as one or more Certificates registered in the name of the Depository or its nominee and, except as provided below, registration of such Certificates may not be transferred by the Trustee except to another Depository that agrees to hold such Certificates for the respective Certificate Owners with Ownership Interests 108 therein. The Certificate Owners shall hold their respective Ownership Interests in and to each Class A or Class M Certificate, through the book-entry facilities of the Depository and, except as provided below, shall not be entitled to Definitive Certificates in respect of such Ownership Interests. All transfers by Certificate Owners of their respective Ownership Interests in the Book-Entry Certificates shall be made in accordance with the procedures established by the Depository Participant or brokerage firm representing such Certificate Owner. Each Depository Participant shall transfer the Ownership Interests only in the Book-Entry Certificates of Certificate Owners it represents or of brokerage firms for which it acts as agent in accordance with the Depository's normal procedures. The Trustee, the Master Servicer and the Depositor may for all purposes (including the making of payments due on the respective Classes of Book-Entry Certificates) deal with the Depository as the authorized representative of the Certificate Owners with respect to the respective Classes of Book-Entry Certificates for the purposes of exercising the rights of Certificateholders hereunder. The rights of Certificate Owners with respect to the respective Classes of Book-Entry Certificates shall be limited to those established by law and agreements between such Certificate Owners and the Depository Participants and brokerage firms representing such Certificate Owners. Multiple requests and directions from, and votes of, the Depository as Holder of any Class of Book- Entry Certificates with respect to any particular matter shall not be deemed inconsistent if they are made with respect to different Certificate Owners. The Trustee may establish a reasonable record date in connection with solicitations of consents from or voting by Certificateholders and shall give notice to the Depository of such record date. If (i)(A) the Depositor advises the Trustee in writing that the Depository is no longer willing or able to properly discharge its responsibilities as Depository and (B) the Depositor is unable to locate a qualified successor or (ii) the Depositor at its option advises the Trustee in writing that it elects to terminate the book-entry system through the Depository, the Trustee shall notify all Certificate Owners, through the Depository, of the occurrence of any such event and of the availability of Definitive Certificates to Certificate Owners requesting the same. Upon surrender to the Trustee of the Book-Entry Certificates by the Depository, accompanied by registration instructions from the Depository for registration of transfer, the Trustee shall issue the Definitive Certificates. Neither the Depositor, the Master Servicer nor the Trustee shall be liable for any actions taken by the Depository or its nominee, including, without limitation, any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of Definitive Certificates all references herein to obligations imposed upon or to be performed by the Depositor in connection with the issuance of the Definitive Certificates pursuant to this Section 5.01 shall be deemed to be imposed upon and performed by the Trustee, and the Trustee and the Master Servicer shall recognize the Holders of the Definitive Certificates as Certificateholders hereunder. (c) Each of the Certificates is intended to be a "security" governed by Article 8 of the Uniform Commercial Code as in effect in the State of New York and any other applicable jurisdiction, to the extent that any of such laws may be applicable. 109 Section 5.02 Registration of Transfer and Exchange of Certificates. (a) The Trustee shall cause to be kept at one of the offices or agencies to be appointed by the Trustee in accordance with the provisions of Section 8.12 a Certificate Register in which, subject to such reasonable regulations as it may prescribe, the Trustee shall provide for the registration of Certificates and of transfers and exchanges of Certificates as herein provided. The Trustee is initially appointed Certificate Registrar for the purpose of registering Certificates and transfers and exchanges of Certificates as herein provided. The Certificate Registrar, or the Trustee, shall provide the Master Servicer with a certified list of Certificateholders as of each Record Date prior to the related Determination Date. (b) Upon surrender for registration of transfer of any Certificate at any office or agency of the Trustee maintained for such purpose pursuant to Section 8.12 and, in the case of any Class R Certificate, upon satisfaction of the conditions set forth below, the Trustee shall execute and the Certificate Registrar shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Certificates of a like Class and aggregate Percentage Interest. (c) At the option of the Certificateholders, Certificates may be exchanged for other Certificates of authorized denominations of a like Class and aggregate Percentage Interest, upon surrender of the Certificates to be exchanged at any such office or agency. Whenever any Certificates are so surrendered for exchange the Trustee shall execute and the Certificate Registrar shall authenticate and deliver the Certificates of such Class which the Certificateholder making the exchange is entitled to receive. Every Certificate presented or surrendered for transfer or exchange shall (if so required by the Trustee or the Certificate Registrar) be duly endorsed by, or be accompanied by a written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by, the Holder thereof or his attorney duly authorized in writing. (d) No transfer, sale, pledge or other disposition of a Class B Certificate shall be made unless such transfer, sale, pledge or other disposition is exempt from the registration requirements of the Securities Act of 1933, as amended (the "1933 Act"), and any applicable state securities laws or is made in accordance with said Act and laws. Except as otherwise provided in this Section 5.02(d), in the event that a transfer of a Class B Certificate is to be made, (i) unless the Depositor directs the Trustee otherwise, the Trustee shall require a written Opinion of Counsel acceptable to and in form and substance satisfactory to the Trustee and the Depositor that such transfer may be made pursuant to an exemption, describing the applicable exemption and the basis therefor, from said Act and laws or is being made pursuant to said Act and laws, which Opinion of Counsel shall not be an expense of the Trustee, the Trust Fund, the Depositor or the Master Servicer, and (ii) the Trustee shall require the transferee to execute a representation letter, substantially in the form of Exhibit I hereto, and the Trustee shall require the transferor to execute a representation letter, substantially in the form of Exhibit J hereto, each acceptable to and in form and substance satisfactory to the Depositor and the Trustee certifying to the Depositor and the Trustee the facts surrounding such transfer, which representation letters shall not be an expense of the Trustee, the Trust Fund, the Depositor or the Master Servicer. In lieu of the requirements set forth in the 110 preceding sentence, transfers of Class B Certificates may be made in accordance with this Section 5.02(d) if the prospective transferee of such a Certificate provides the Trustee and the Master Servicer with an investment letter substantially in the form of Exhibit N attached hereto, which investment letter shall not be an expense of the Trustee, the Depositor, or the Master Servicer, and which investment letter states that, among other things, such transferee (i) is a "qualified institutional buyer" as defined under Rule 144A, acting for its own account or the accounts of other "qualified institutional buyers" as defined under Rule 144A, and (ii) is aware that the proposed transferor intends to rely on the exemption from registration requirements under the 1933 Act provided by Rule 144A. The Holder of a Class B Certificate desiring to effect any transfer, sale, pledge or other disposition shall, and does hereby agree to, indemnify the Trustee, the Depositor, the Master Servicer and the Certificate Registrar against any liability that may result if the transfer, sale, pledge or other disposition is not so exempt or is not made in accordance with such federal and state laws and this Agreement. (e) (i) In the case of any Class B or Class R Certificate presented for registration in the name of any Person, either (i) the Trustee shall require an Opinion of Counsel acceptable to and in form and substance satisfactory to the Trustee, the Depositor and the Master Servicer to the effect that the purchase or holding of such Class B or Class R Certificate is permissible under applicable law, will not constitute or result in any non-exempt prohibited transaction under Section 406 of ERISA, or Section 4975 of the Code (or comparable provisions of any subsequent enactments), and will not subject the Trustee, the Depositor or the Master Servicer to any obligation or liability (including obligations or liabilities under ERISA or Section 4975 of the Code) in addition to those undertaken in this Agreement, which Opinion of Counsel shall not be an expense of the Trustee, the Depositor or the Master Servicer or (ii) the prospective transferee shall be required to provide the Trustee, the Depositor and the Master Servicer with a certification to the effect set forth in Exhibit O (with respect to a Class B Certificate), or in paragraph fourteen of Exhibit H-1 (with respect to a Class R Certificate), which the Trustee may rely upon without further inquiry or investigation, or such other certifications as the Trustee may deem desirable or necessary in order to establish that such transferee or the Person in whose name such registration is requested either (a) is not an employee benefit plan or other plan subject to the prohibited transaction provisions of ERISA or Section 4975 of the Code, or any Person (including an insurance company investing its general accounts, an investment manager, a named fiduciary or a trustee of any such plan) who is using "plan assets" of any such plan to effect such acquisition (each, a "Plan Investor") or (b) in the case of a Class B Certificate, the following conditions are satisfied: (i) such Transferee is an insurance company, (ii) the source of funds used to purchase or hold such Certificate (or interest therein) is an "insurance company general account" (as defined in U.S. Department of Labor Prohibited Transaction Class Exemption ("PTCE") 95-60, and (iii) the conditions set forth in Sections I and III of PTCE 95-60 have been satisfied (each entity that satisfies this clause (b), a "Complying Insurance Company"). (f) Any Transferee of a Class M Certificate will be deemed to have represented by virtue of its purchase or holding of such Certificate (or interest therein) that either (a) such Transferee is not a Plan Investor, (b) it has acquired and is holding such Certificate in reliance on Prohibited 111 Transaction Exemption ("PTE") 94-29, 59 Fed. Reg. 14674 (March 29, 1994), as amended by PTE 97-34, 62 Fed. Reg. 39021 (July 21, 1997), and PTE 2000-58, 65 Fed. Reg. 67765 (November 13, 2000) and PTE 2002-41, 67 Fed Reg. 54487 (August 22, 2002) (the "RFC Exemption"), and that it understands that there are certain conditions to the availability of the RFC Exemption including that such Certificate must be rated, at the time of purchase, not lower than "BBB-" (or its equivalent) by Standard & Poor's, Fitch or Moody's or (c) such Transferee is a Complying Insurance Company. (g) (A) If any Class M Certificate (or any interest therein) is acquired or held by any Person that does not satisfy the conditions described in paragraph (ii) above, then the last preceding Transferee that either (i) is not a Plan Investor, (ii) acquired such Certificate in compliance with the RFC Exemption, or (iii) is a Complying Insurance Company shall be restored, to the extent permitted by law, to all rights and obligations as Certificate Owner thereof retroactive to the date of such Transfer of such Class M Certificate. The Trustee shall be under no liability to any Person for making any payments due on such Certificate to such preceding Transferee. (B) Any purported Certificate Owner whose acquisition or holding of any Class M Certificate (or interest therein) was effected in violation of the restrictions in this Section 5.02(e) shall indemnify and hold harmless the Company, the Trustee, the Master Servicer, any Subservicer, and the Trust Fund from and against any and all liabilities, claims, costs or expenses incurred by such parties as a result of such acquisition or holding. (h) (i) Each Person who has or who acquires any Ownership Interest in a Class R Certificate shall be deemed by the acceptance or acquisition of such Ownership Interest to have agreed to be bound by the following provisions and to have irrevocably authorized the Trustee or its designee under clause (iii)(A) below to deliver payments to a Person other than such Person and to negotiate the terms of any mandatory sale under clause (iii)(B) below and to execute all instruments of transfer and to do all other things necessary in connection with any such sale. The rights of each Person acquiring any Ownership Interest in a Class R Certificate are expressly subject to the following provisions: (A) Each Person holding or acquiring any Ownership Interest in a Class R Certificate shall be a Permitted Transferee and shall promptly notify the Trustee of any change or impending change in its status as a Permitted Transferee. (B) In connection with any proposed Transfer of any Ownership Interest in a Class R Certificate, the Trustee shall require delivery to it, and shall not register the Transfer of any Class R Certificate until its receipt of, (I) an affidavit and agreement (a "Transfer Affidavit and Agreement," in the form attached hereto as Exhibit H-1) from the proposed Transferee, in form and substance satisfactory to the Master Servicer, representing and warranting, among other things, that it is a Permitted Transferee, that it is not acquiring its Ownership Interest in the Class R Certificate that is the subject of the proposed Transfer as a nominee, trustee or agent for any Person who is not a Permitted Transferee, that for so long as it retains its 112 Ownership Interest in a Class R Certificate, it will endeavor to remain a Permitted Transferee, and that it has reviewed the provisions of this Section 5.02(f) and agrees to be bound by them, and (II) a certificate, in the form attached hereto as Exhibit H-2, from the Holder wishing to transfer the Class R Certificate, in form and substance satisfactory to the Master Servicer, representing and warranting, among other things, that no purpose of the proposed Transfer is to impede the assessment or collection of tax. (C) Notwithstanding the delivery of a Transfer Affidavit and Agreement by a proposed Transferee under clause (B) above, if a Responsible Officer of the Trustee who is assigned to this Agreement has actual knowledge that the proposed Transferee is not a Permitted Transferee, no Transfer of an Ownership Interest in a Class R Certificate to such proposed Transferee shall be effected. (D) Each Person holding or acquiring any Ownership Interest in a Class R Certificate shall agree (x) to require a Transfer Affidavit and Agreement from any other Person to whom such Person attempts to transfer its Ownership Interest in a Class R Certificate and (y) not to transfer its Ownership Interest unless it provides a certificate to the Trustee in the form attached hereto as Exhibit H-2. (E) Each Person holding or acquiring an Ownership Interest in a Class R Certificate, by purchasing an Ownership Interest in such Certificate, agrees to give the Trustee written notice that it is a "pass- through interest holder" within the meaning of Temporary Treasury Regulations Section 1.67-3T(a)(2)(i)(A) immediately upon acquiring an Ownership Interest in a Class R Certificate, if it is, or is holding an Ownership Interest in a Class R Certificate on behalf of, a "pass- through interest holder." (ii) The Trustee will register the Transfer of any Class R Certificate only if it shall have received the Transfer Affidavit and Agreement, a certificate of the Holder requesting such transfer in the form attached hereto as Exhibit H-2 and all of such other documents as shall have been reasonably required by the Trustee as a condition to such registration. Transfers of the Class R Certificates to Non-United States Persons and Disqualified Organizations (as defined in Section 860E(e)(5) of the Code) are prohibited. (iii) If any Disqualified Organization shall become a holder of a Class R Certificate, then the last preceding Permitted Transferee shall be restored, to the extent permitted by law, to all rights and obligations as Holder thereof retroactive to the date of registration of such Transfer of such Class R Certificate. If a Non-United States Person shall become a holder of a Class R Certificate, then the last preceding United States Person shall be restored, to the extent permitted by law, to all rights and obligations as Holder thereof retroactive to the date of registration of such Transfer of such Class R Certificate. If a transfer of a Class R Certificate is disregarded pursuant to the provisions of Treasury 113 Regulations Section 1.860E-1 or Section 1.860G-3, then the last preceding Permitted Transferee shall be restored, to the extent permitted by law, to all rights and obligations as Holder thereof retroactive to the date of registration of such Transfer of such Class R Certificate. The Trustee shall be under no liability to any Person for any registration of Transfer of a Class R Certificate that is in fact not permitted by this Section 5.02(f) or for making any payments due on such Certificate to the holder thereof or for taking any other action with respect to such holder under the provisions of this Agreement. (iv) If any purported Transferee shall become a Holder of a Class R Certificate in violation of the restrictions in this Section 5.02(f) and to the extent that the retroactive restoration of the rights of the Holder of such Class R Certificate as described in clause (iii)(A) above shall be invalid, illegal or unenforceable, then the Master Servicer shall have the right, without notice to the holder or any prior holder of such Class R Certificate, to sell such Class R Certificate to a purchaser selected by the Master Servicer on such terms as the Master Servicer may choose. Such purported Transferee shall promptly endorse and deliver each Class R Certificate in accordance with the instructions of the Master Servicer. Such purchaser may be the Master Servicer itself or any Affiliate of the Master Servicer. The proceeds of such sale, net of the commissions (which may include commissions payable to the Master Servicer or its Affiliates), expenses and taxes due, if any, will be remitted by the Master Servicer to such purported Transferee. The terms and conditions of any sale under this clause (iii)(B) shall be determined in the sole discretion of the Master Servicer, and the Master Servicer shall not be liable to any Person having an Ownership Interest in a Class R Certificate as a result of its exercise of such discretion. (v) The Master Servicer, on behalf of the Trustee, shall make available, upon written request from the Trustee, all information necessary to compute any tax imposed (A) as a result of the Transfer of an Ownership Interest in a Class R Certificate to any Person who is a Disqualified Organization, including the information regarding "excess inclusions" of such Class R Certificates required to be provided to the Internal Revenue Service and certain Persons as described in Treasury Regulations Sections 1.860D-1(b)(5) and 1.860E- 2(a)(5), and (B) as a result of any regulated investment company, real estate investment trust, common trust fund, partnership, trust, estate or organization described in Section 1381 of the Code that holds an Ownership Interest in a Class R Certificate having as among its record holders at any time any Person who is a Disqualified Organization. Reasonable compensation for providing such information may be required by the Master Servicer from such Person. (vi) The provisions of this Section 5.02(f) set forth prior to this clause (v) may be modified, added to or eliminated, provided that there shall have been delivered to the Trustee the following: (A) Written notification from each Rating Agency to the effect that the modification, addition to or elimination of such provisions will not cause such Rating 114 Agency to downgrade its then-current ratings, if any, of the Class A, Class M or Class B Certificates below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency; and (B) A certificate of the Master Servicer stating that the Master Servicer has received an Opinion of Counsel, in form and substance satisfactory to the Master Servicer, to the effect that such modification, addition to or absence of such provisions will not cause any of REMIC I, REMIC II, REMIC III or REMIC IV to cease to qualify as a REMIC and will not cause (x) any of REMIC I, REMIC II, REMIC III or REMIC IV to be subject to an entity-level tax caused by the Transfer of any Class R Certificate to a Person that is a Disqualified Organization or (y) a Certificateholder or another Person to be subject to a REMIC-related tax caused by the Transfer of a Class R Certificate to a Person that is not a Permitted Transferee. (i) No service charge shall be made for any transfer or exchange of Certificates of any Class, but the Trustee may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of Certificates. (j) All Certificates surrendered for transfer and exchange shall be destroyed by the Certificate Registrar. Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates. If (i) any mutilated Certificate is surrendered to the Certificate Registrar, or the Trustee and the Certificate Registrar receive evidence to their satisfaction of the destruction, loss or theft of any Certificate, and (ii) there is delivered to the Trustee and the Certificate Registrar such security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Trustee or the Certificate Registrar that such Certificate has been acquired by a bona fide purchaser, the Trustee shall execute and the Certificate Registrar shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of like tenor, Class and Percentage Interest but bearing a number not contemporaneously outstanding. Upon the issuance of any new Certificate under this Section, the Trustee may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee and the Certificate Registrar) connected therewith. Any duplicate Certificate issued pursuant to this Section shall constitute complete and indefeasible evidence of ownership in the Trust Fund, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time. 115 Section 5.04 Persons Deemed Owners. Prior to due presentation of a Certificate for registration of transfer, the Depositor, the Master Servicer, the Trustee, the Certificate Registrar and any agent of the Depositor, the Master Servicer, the Trustee or the Certificate Registrar may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the purpose of receiving distributions pursuant to Section 4.02 and for all other purposes whatsoever, except as and to the extent provided in the definition of "Certificateholder" and in Section 4.08, and neither the Depositor, the Master Servicer, the Trustee, the Certificate Registrar nor any agent of the Depositor, the Master Servicer, the Trustee or the Certificate Registrar shall be affected by notice to the contrary except as provided in Section 5.02(f). Section 5.05 Appointment of Paying Agent. The Trustee may appoint a Paying Agent for the purpose of making distributions to Certificateholders pursuant to Section 4.02. In the event of any such appointment, on or prior to each Distribution Date the Master Servicer on behalf of the Trustee shall deposit or cause to be deposited with the Paying Agent a sum sufficient to make the payments to Certificateholders in the amounts and in the manner provided for in Section 4.02 and 4.03, such sum to be held in trust for the benefit of Certificateholders. The Trustee shall cause each Paying Agent to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee that such Paying Agent will hold all sums held by it for the payment to Certificateholders in trust for the benefit of the Certificateholders entitled thereto until such sums shall be paid to such Certificateholders. Any sums so held by such Paying Agent shall be held only in Eligible Accounts to the extent such sums are not distributed to the Certificateholders on the date of receipt by such Paying Agent. 116 ARTICLE VI THE DEPOSITOR AND THE MASTER SERVICER Section 6.01 Respective Liabilities of the Depositor and the Master Servicer. The Depositor and the Master Servicer shall each be liable in accordance herewith only to the extent of the obligations specifically and respectively imposed upon and undertaken by the Depositor and the Master Servicer herein. By way of illustration and not limitation, the Depositor is not liable for the servicing and administration of the Mortgage Loans, nor is it obligated by Section 7.01 or 10.01 to assume any obligations of the Master Servicer or to appoint a designee to assume such obligations, nor is it liable for any other obligation hereunder that it may, but is not obligated to, assume unless it elects to assume such obligation in accordance herewith. Section 6.02 Merger or Consolidation of the Depositor or the Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer. (a) The Depositor and the Master Servicer will each keep in full effect its existence, rights and franchises as a corporation under the laws of the state of its incorporation, and will each obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the Certificates or any of the Mortgage Loans and to perform its respective duties under this Agreement. (b) Any Person into which the Depositor or the Master Servicer may be merged or consolidated, or any corporation resulting from any merger or consolidation to which the Depositor or the Master Servicer shall be a party, or any Person succeeding to the business of the Depositor or the Master Servicer, shall be the successor of the Depositor or the Master Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer shall be qualified to service mortgage loans on behalf of Fannie Mae or Freddie Mac; and provided further that each Rating Agency's ratings, if any, of the Class A, Class R, Class M or Class B Certificates will not be qualified, reduced or withdrawn as a result thereof (as evidenced by a letter to such effect from each Rating Agency). (c) Notwithstanding anything else in this Section 6.02 and Section 6.04 to the contrary, the Master Servicer may assign its rights and delegate its duties and obligations under this Agreement; provided that the Person accepting such assignment or delegation shall be a Person which is qualified to service mortgage loans on behalf of Fannie Mae or Freddie Mac, is reasonably satisfactory to the Trustee and the Depositor, is willing to service the Mortgage Loans and executes and delivers to the Depositor and the Trustee an agreement, in form and substance reasonably satisfactory to the Depositor and the Trustee, which contains an assumption by such Person of the due and punctual performance and observance of each covenant and condition to be performed or 117 observed by the Master Servicer under this Agreement; provided further that each Rating Agency's rating of the Classes of Certificates that have been rated in effect immediately prior to such assignment and delegation will not be qualified, reduced or withdrawn as a result of such assignment and delegation (as evidenced by a letter to such effect from each Rating Agency). In the case of any such assignment and delegation, the Master Servicer shall be released from its obligations under this Agreement, except that the Master Servicer shall remain liable for all liabilities and obligations incurred by it as Master Servicer hereunder prior to the satisfaction of the conditions to such assignment and delegation set forth in the next preceding sentence. Section 6.03 Limitation on Liability of the Depositor, the Master Servicer and Others. Neither the Depositor, the Master Servicer nor any of the directors, officers, employees or agents of the Depositor or the Master Servicer shall be under any liability to the Trust Fund or the Certificateholders for any action taken or for refraining from the taking of any action in good faith pursuant to this Agreement, or for errors in judgment; provided, however, that this provision shall not protect the Depositor, the Master Servicer or any such Person against any breach of warranties or representations made herein or any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of duties or by reason of reckless disregard of obligations and duties hereunder. The Depositor, the Master Servicer and any director, officer, employee or agent of the Depositor or the Master Servicer may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising hereunder. The Depositor, the Master Servicer and any director, officer, employee or agent of the Depositor or the Master Servicer shall be indemnified by the Trust Fund and held harmless against any loss, liability or expense incurred in connection with any legal action relating to this Agreement or the Certificates, other than any loss, liability or expense related to any specific Mortgage Loan or Mortgage Loans (except as any such loss, liability or expense shall be otherwise reimbursable pursuant to this Agreement) and any loss, liability or expense incurred by reason of willful misfeasance, bad faith or gross negligence in the performance of duties hereunder or by reason of reckless disregard of obligations and duties hereunder. Neither the Depositor nor the Master Servicer shall be under any obligation to appear in, prosecute or defend any legal or administrative action, proceeding, hearing or examination that is not incidental to its respective duties under this Agreement and which in its opinion may involve it in any expense or liability; provided, however, that the Depositor or the Master Servicer may in its discretion undertake any such action, proceeding, hearing or examination that it may deem necessary or desirable in respect to this Agreement and the rights and duties of the parties hereto and the interests of the Certificateholders hereunder. In such event, the legal expenses and costs of such action, proceeding, hearing or examination and any liability resulting therefrom shall be expenses, costs and liabilities of the Trust Fund, and the Depositor and the Master Servicer shall be entitled to be reimbursed therefor out of amounts attributable to the Mortgage Loans on deposit in the Custodial Account as provided by Section 3.10 and, on the Distribution Date(s) following such reimbursement, the aggregate of such expenses and costs shall be allocated in reduction of the Accrued Certificate Interest on each Class entitled thereto in the same manner as if such expenses 118 and costs constituted a Prepayment Interest Shortfall. Section 6.04 Depositor and Master Servicer Not to Resign. Subject to the provisions of Section 6.02, neither the Depositor nor the Master Servicer shall resign from its respective obligations and duties hereby imposed on it except upon determination that its duties hereunder are no longer permissible under applicable law. Any such determination permitting the resignation of the Depositor or the Master Servicer shall be evidenced by an Opinion of Counsel (at the expense of the resigning party) to such effect delivered to the Trustee. No such resignation by the Master Servicer shall become effective until the Trustee or a successor servicer shall have assumed the Master Servicer's responsibilities and obligations in accordance with Section 7.02. 119 ARTICLE VII DEFAULT Section 7.01 Events of Default. Event of Default, wherever used herein, means any one of the following events (whatever reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): (a) the Master Servicer shall fail to distribute or cause to be distributed to Holders of Certificates of any Class any distribution required to be made under the terms of the Certificates of such Class and this Agreement and, in either case, such failure shall continue unremedied for a period of 5 days after the date upon which written notice of such failure, requiring such failure to be remedied, shall have been given to the Master Servicer by the Trustee or the Depositor or to the Master Servicer, the Depositor and the Trustee by the Holders of Certificates of such Class evidencing Percentage Interests aggregating not less than 25%; or (i) the Master Servicer shall fail to observe or perform in any material respect any other of the covenants or agreements on the part of the Master Servicer contained in the Certificates of any Class or in this Agreement and such failure shall continue unremedied for a period of 30 days (except that such number of days shall be 15 in the case of a failure to pay the premium for any Required Insurance Policy) after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Master Servicer by the Trustee or the Depositor, or to the Master Servicer, the Depositor and the Trustee by the Holders of Certificates of any Class evidencing, as to such Class, Percentage Interests aggregating not less than 25%; or (ii) a decree or order of a court or agency or supervisory authority having jurisdiction in the premises in an involuntary case under any present or future federal or state bankruptcy, insolvency or similar law or appointing a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Master Servicer and such decree or order shall have remained in force undischarged or unstayed for a period of 60 days; or (iii) the Master Servicer shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities, or similar proceedings of, or relating to, the Master Servicer or of, or relating to, all or substantially all of the property of the Master Servicer; or (iv) the Master Servicer shall admit in writing its inability to pay its debts 120 generally as they become due, file a petition to take advantage of, or commence a voluntary case under, any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations; or (v) the Master Servicer shall notify the Trustee pursuant to Section 4.04(b) that it is unable to deposit in the Certificate Account an amount equal to the Advance. If an Event of Default described in clauses (i)-(v) of this Section shall occur, then, and in each and every such case, so long as such Event of Default shall not have been remedied, either the Depositor or the Trustee shall at the direction of Holders of Certificates entitled to at least 51% of the Voting Rights, by notice in writing to the Master Servicer (and to the Depositor if given by the Trustee or to the Trustee if given by the Depositor), terminate all of the rights and obligations of the Master Servicer under this Agreement and in and to the Mortgage Loans and the proceeds thereof, other than its rights as a Certificateholder hereunder; provided, however, the successor to the Master Servicer appointed pursuant to Section 7.02 shall have accepted the duties of Master Servicer effective upon the resignation of the Master Servicer. If an Event of Default described in clause (v) hereof shall occur, the Trustee shall, by notice to the Master Servicer and the Depositor, immediately terminate all of the rights and obligations of the Master Servicer under this Agreement and in and to the Mortgage Loans and the proceeds thereof, other than its rights as a Certificateholder hereunder as provided in Section 4.04(b). On or after the receipt by the Master Servicer of such written notice, all authority and power of the Master Servicer under this Agreement, whether with respect to the Certificates (other than as a Holder thereof) or the Mortgage Loans or otherwise, shall subject to Section 7.02 pass to and be vested in the Trustee or the Trustee's designee appointed pursuant to Section 7.02; and, without limitation, the Trustee is hereby authorized and empowered to execute and deliver, on behalf of the Master Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents, or otherwise. The Master Servicer agrees to cooperate with the Trustee in effecting the termination of the Master Servicer's responsibilities and rights hereunder, including, without limitation, the transfer to the Trustee or its designee for administration by it of all cash amounts which shall at the time be credited to the Custodial Account or the Certificate Account or thereafter be received with respect to the Mortgage Loans. No such termination shall release the Master Servicer for any liability that it would otherwise have hereunder for any act or omission prior to the effective time of such termination. Notwithstanding any termination of the activities of Residential Funding in its capacity as Master Servicer hereunder, Residential Funding shall be entitled to receive, out of any late collection of a Monthly Payment on a Mortgage Loan which was due prior to the notice terminating Residential Funding's rights and obligations as Master Servicer hereunder and received after such notice, that portion to which Residential Funding would have been entitled pursuant to Sections 3.10(a)(ii), (vi) and (vii) as well as its Servicing Fee in respect thereof, and any other amounts payable to Residential Funding hereunder the entitlement to which arose prior to the termination of its activities hereunder. Upon the termination of Residential Funding as Master Servicer hereunder the Depositor shall 121 deliver to the Trustee a copy of the Program Guide. Section 7.02 Trustee or Depositor to Act; Appointment of Successor. (a) On and after the time the Master Servicer receives a notice of termination pursuant to Section 7.01 or resigns in accordance with Section 6.04, the Trustee or, upon notice to the Depositor and with the Depositor's consent (which shall not be unreasonably withheld) a designee (which meets the standards set forth below) of the Trustee, shall be the successor in all respects to the Master Servicer in its capacity as servicer under this Agreement and the transactions set forth or provided for herein and shall be subject to all the responsibilities, duties and liabilities relating thereto placed on the Master Servicer (except for the responsibilities, duties and liabilities contained in Sections 2.02 and 2.03(a), excluding the duty to notify related Subservicers as set forth in such Sections, and its obligations to deposit amounts in respect of losses incurred prior to such notice or termination on the investment of funds in the Custodial Account or the Certificate Account pursuant to Sections 3.07(c) and 4.01(c) by the terms and provisions hereof); provided, however, that any failure to perform such duties or responsibilities caused by the preceding Master Servicer's failure to provide information required by Section 4.04 shall not be considered a default by the Trustee hereunder. As compensation therefor, the Trustee shall be entitled to all funds relating to the Mortgage Loans which the Master Servicer would have been entitled to charge to the Custodial Account or the Certificate Account if the Master Servicer had continued to act hereunder and, in addition, shall be entitled to the income from any Permitted Investments made with amounts attributable to the Mortgage Loans held in the Custodial Account or the Certificate Account. If the Trustee has become the successor to the Master Servicer in accordance with Section 6.04 or Section 7.01, then notwithstanding the above, the Trustee may, if it shall be unwilling to so act, or shall, if it is unable to so act, appoint, or petition a court of competent jurisdiction to appoint, any established housing and home finance institution, which is also a Fannie Mae or Freddie Mac-approved mortgage servicing institution, having a net worth of not less than $10,000,000 as the successor to the Master Servicer hereunder in the assumption of all or any part of the responsibilities, duties or liabilities of the Master Servicer hereunder. Pending appointment of a successor to the Master Servicer hereunder, the Trustee shall become successor to the Master Servicer and shall act in such capacity as hereinabove provided. In connection with such appointment and assumption, the Trustee may make such arrangements for the compensation of such successor out of payments on Mortgage Loans as it and such successor shall agree; provided, however, that no such compensation shall be in excess of that permitted the initial Master Servicer hereunder. The Depositor, the Trustee, the Custodian and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. The Servicing Fee for any successor Master Servicer appointed pursuant to this Section 7.02 will be lowered with respect to those Mortgage Loans, if any, where the Subservicing Fee accrues at a rate of less than 0.50% per annum in the event that the successor Master Servicer is not servicing such Mortgage Loans directly and it is necessary to raise the related Subservicing Fee to a rate of 0.50% per annum in order to hire a Subservicer with respect to such Mortgage Loans. (b) In connection with the termination or resignation of the Master Servicer hereunder, 122 either (i) the successor Master Servicer, including the Trustee if the Trustee is acting as successor Master Servicer, shall represent and warrant that it is a member of MERS in good standing and shall agree to comply in all material respects with the rules and procedures of MERS in connection with the servicing of the Mortgage Loans that are registered with MERS, in which case the predecessor Master Servicer shall cooperate with the successor Master Servicer in causing MERS to revise its records to reflect the transfer of servicing to the successor Master Servicer as necessary under MERS' rules and regulations, or (ii) the predecessor Master Servicer shall cooperate with the successor Master Servicer in causing MERS to execute and deliver an assignment of Mortgage in recordable form to transfer the Mortgage from MERS to the Trustee and to execute and deliver such other notices, documents and other instruments as may be necessary or desirable to effect a transfer of such Mortgage Loan or servicing of such Mortgage Loan on the MERS(R) System to the successor Master Servicer. The predecessor Master Servicer shall file or cause to be filed any such assignment in the appropriate recording office. The predecessor Master Servicer shall bear any and all fees of MERS, costs of preparing any assignments of Mortgage, and fees and costs of filing any assignments of Mortgage that may be required under this subsection (b). The successor Master Servicer shall cause such assignment to be delivered to the Trustee or the Custodian promptly upon receipt of the original with evidence of recording thereon or a copy certified by the public recording office in which such assignment was recorded. Section 7.03 Notification to Certificateholders. (a) Upon any such termination or appointment of a successor to the Master Servicer, the Trustee shall give prompt written notice thereof to the Certificateholders at their respective addresses appearing in the Certificate Register. (b) Within 60 days after the occurrence of any Event of Default, the Trustee shall transmit by mail to all Holders of Certificates notice of each such Event of Default hereunder known to the Trustee, unless such Event of Default shall have been cured or waived as provided in Section 7.04 hereof. Section 7.04 Waiver of Events of Default. The Holders representing at least 66% of the Voting Rights of Certificates affected by a default or Event of Default hereunder may waive any default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i), (ii) or (iii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights of Certificates affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived. 123 ARTICLE VIII CONCERNING THE TRUSTEE Section 8.01 Duties of Trustee. (a) The Trustee, prior to the occurrence of an Event of Default and after the curing of all Events of Default which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. In case an Event of Default has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of such investor's own affairs. (b) The Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee which are specifically required to be furnished pursuant to any provision of this Agreement, shall examine them to determine whether they conform to the requirements of this Agreement. The Trustee shall notify the Certificateholders of any such documents which do not materially conform to the requirements of this Agreement in the event that the Trustee, after so requesting, does not receive satisfactorily corrected documents. The Trustee shall forward or cause to be forwarded in a timely fashion the notices, reports and statements required to be forwarded by the Trustee pursuant to Sections 4.03, 4.06, 7.03, and 10.01. The Trustee shall furnish in a timely fashion to the Master Servicer such information as the Master Servicer may reasonably request from time to time for the Master Servicer to fulfill its duties as set forth in this Agreement. The Trustee covenants and agrees that it shall perform its obligations hereunder in a manner so as to maintain the status of each of REMIC I, REMIC II, REMIC III and REMIC IV as a REMIC under the REMIC Provisions and (subject to Section 10.01(f)) to prevent the imposition of any federal, state or local income, prohibited transaction, contribution or other tax on the Trust Fund to the extent that maintaining such status and avoiding such taxes are reasonably within the control of the Trustee and are reasonably within the scope of its duties under this Agreement. (c) No provision of this Agreement shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct; provided, however, that: (i) Prior to the occurrence of an Event of Default, and after the curing or waiver of all such Events of Default which may have occurred, the duties and obligations of the Trustee shall be determined solely by the express provisions of this Agreement, the Trustee shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Agreement, no implied covenants or obligations shall be read into this Agreement against the Trustee and, in the absence of bad faith on the part of the Trustee, the Trustee may conclusively rely, as to the truth of the statements and the 124 correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee by the Depositor or the Master Servicer and which on their face, do not contradict the requirements of this Agreement; (ii) The Trustee shall not be personally liable for an error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; (iii) The Trustee shall not be personally liable with respect to any action taken, suffered or omitted to be taken by it in good faith in accordance with the direction of the Certificateholders holding Certificates which evidence, Percentage Interests aggregating not less than 25% of the affected classes as to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Agreement; (iv) The Trustee shall not be charged with knowledge of any default (other than a default in payment to the Trustee) specified in clauses (i) and (ii) of Section 7.01 or an Event of Default under clauses (iii), (iv) and (v) of Section 7.01 unless a Responsible Officer of the Trustee assigned to and working in the Corporate Trust Office obtains actual knowledge of such failure or event or the Trustee receives written notice of such failure or event at its Corporate Trust Office from the Master Servicer, the Depositor or any Certificateholder; and (v) Except to the extent provided in Section 7.02, no provision in this Agreement shall require the Trustee to expend or risk its own funds (including, without limitation, the making of any Advance) or otherwise incur any personal financial liability in the performance of any of its duties as Trustee hereunder, or in the exercise of any of its rights or powers, if the Trustee shall have reasonable grounds for believing that repayment of funds or adequate indemnity against such risk or liability is not reasonably assured to it. (d) The Trustee shall timely pay, from its own funds, the amount of any and all federal, state and local taxes imposed on the Trust Fund or its assets or transactions including, without limitation, (A) "prohibited transaction" penalty taxes as defined in Section 860F of the Code, if, when and as the same shall be due and payable, (B) any tax on contributions to a REMIC after the Closing Date imposed by Section 860G(d) of the Code and (C) any tax on "net income from foreclosure property" as defined in Section 860G(c) of the Code, but only if such taxes arise out of a breach by the Trustee of its obligations hereunder, which breach constitutes negligence or willful misconduct of the Trustee. 125 Section 8.02 Certain Matters Affecting the Trustee. (a) Except as otherwise provided in Section 8.01: (i) The Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, Officers' Certificate, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties; (ii) The Trustee may consult with counsel and any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance with such Opinion of Counsel; (iii) The Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by this Agreement or to institute, conduct or defend any litigation hereunder or in relation hereto at the request, order or direction of any of the Certificateholders, pursuant to the provisions of this Agreement, unless such Certificateholders shall have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which may be incurred therein or thereby; nothing contained herein shall, however, relieve the Trustee of the obligation, upon the occurrence of an Event of Default (which has not been cured), to exercise such of the rights and powers vested in it by this Agreement, and to use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of such investor's own affairs; (iv) The Trustee shall not be personally liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement; (v) Prior to the occurrence of an Event of Default hereunder and after the curing of all Events of Default which may have occurred, the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document, unless requested in writing so to do by the Holders of Certificates of any Class evidencing, as to such Class, Percentage Interests, aggregating not less than 50%; provided, however, that if the payment within a reasonable time to the Trustee of the costs, expenses or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably assured to the Trustee by the security afforded to it by the terms of this Agreement, the Trustee may require reasonable indemnity against such expense or liability as a condition to so proceeding. The reasonable expense of every such examination shall be paid by the Master Servicer, if an Event of Default shall have occurred and is continuing, and otherwise by the Certificateholder requesting the investigation; 126 (vi) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys provided that the Trustee shall remain liable for any acts of such agents or attorneys; and (vii) To the extent authorized under the Code and the regulations promulgated thereunder, each Holder of a Class R Certificate hereby irrevocably appoints and authorizes the Trustee to be its attorney-in-fact for purposes of signing any Tax Returns required to be filed on behalf of the Trust Fund. The Trustee shall sign on behalf of the Trust Fund and deliver to the Master Servicer in a timely manner any Tax Returns prepared by or on behalf of the Master Servicer that the Trustee is required to sign as determined by the Master Servicer pursuant to applicable federal, state or local tax laws, provided that the Master Servicer shall indemnify the Trustee for signing any such Tax Returns that contain errors or omissions. (b) Following the issuance of the Certificates (and except as provided for in Section 3.22(d)), the Trustee shall not accept any contribution of assets to the Trust Fund unless it shall have obtained or been furnished with an Opinion of Counsel to the effect that such contribution will not (i) cause any of REMIC I, REMIC II, REMIC III or REMIC IV to fail to qualify as a REMIC at any time that any Certificates are outstanding or (ii) cause the Trust Fund to be subject to any federal tax as a result of such contribution (including the imposition of any federal tax on "prohibited transactions" imposed under Section 860F(a) of the Code). Section 8.03 Trustee Not Liable for Certificates or Mortgage Loans. The recitals contained herein and in the Certificates (other than the execution of the Certificates and relating to the acceptance and receipt of the Mortgage Loans) shall be taken as the statements of the Depositor or the Master Servicer as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates (except that the Certificates shall be duly and validly executed and authenticated by it as Certificate Registrar) or of any Mortgage Loan or related document, or of MERS or the MERS(R) System. Except as otherwise provided herein, the Trustee shall not be accountable for the use or application by the Depositor or the Master Servicer of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Depositor or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Custodial Account or the Certificate Account by the Depositor or the Master Servicer. 127 Section 8.04 Trustee May Own Certificates. The Trustee in its individual or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee. Section 8.05 Master Servicer to Pay Trustee's Fees and Expenses; Indemnification. (a) The Master Servicer covenants and agrees to pay to the Trustee and any co- trustee from time to time, and the Trustee and any co-trustee shall be entitled to, reasonable compensation (which shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) for all services rendered by each of them in the execution of the trusts hereby created and in the exercise and performance of any of the powers and duties hereunder of the Trustee and any co-trustee, and the Master Servicer will pay or reimburse the Trustee and any co-trustee upon request for all reasonable expenses, disbursements and advances incurred or made by the Trustee or any co-trustee in accordance with any of the provisions of this Agreement (including the reasonable compensation and the expenses and disbursements of its counsel and of all persons not regularly in its employ, and the expenses incurred by the Trustee or any co-trustee in connection with the appointment of an office or agency pursuant to Section 8.12) except any such expense, disbursement or advance as may arise from its negligence or bad faith. (b) The Master Servicer agrees to indemnify the Trustee for, and to hold the Trustee harmless against, any loss, liability or expense incurred without negligence or willful misconduct on its part, arising out of, or in connection with, the acceptance and administration of the Trust Fund, including the costs and expenses (including reasonable legal fees and expenses) of defending itself against any claim in connection with the exercise or performance of any of its powers or duties under this Agreement, provided that: (i) with respect to any such claim, the Trustee shall have given the Master Servicer written notice thereof promptly after the Trustee shall have actual knowledge thereof; (ii) while maintaining control over its own defense, the Trustee shall cooperate and consult fully with the Master Servicer in preparing such defense; and (iii) notwithstanding anything in this Agreement to the contrary, the Master Servicer shall not be liable for settlement of any claim by the Trustee entered into without the prior consent of the Master Servicer which consent shall not be unreasonably withheld. No termination of this Agreement shall affect the obligations created by this Section 8.05(b) of the Master Servicer to indemnify the Trustee under the conditions and to the extent set forth herein. Notwithstanding the foregoing, the indemnification provided by the Master Servicer in this 128 Section 8.05(b) shall not pertain to any loss, liability or expense of the Trustee, including the costs and expenses of defending itself against any claim, incurred in connection with any actions taken by the Trustee at the direction of Certificateholders pursuant to the terms of this Agreement. Section 8.06 Eligibility Requirements for Trustee. The Trustee hereunder shall at all times be a national banking association or a New York banking corporation having its principal office in a state and city acceptable to the Depositor and organized and doing business under the laws of such state or the United States of America, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000 and subject to supervision or examination by federal or state authority. If such corporation or national banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 8.07. Section 8.07 Resignation and Removal of the Trustee. (a) The Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Depositor and the Master Servicer. Upon receiving such notice of resignation, the Depositor shall promptly appoint a successor trustee by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation then the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee. (b) If at any time the Trustee shall cease to be eligible in accordance with the provisions of Section 8.06 and shall fail to resign after written request therefor by the Depositor, or if at any time the Trustee shall become incapable of acting, or shall be adjudged bankrupt or insolvent, or a receiver of the Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then the Depositor may remove the Trustee and appoint a successor trustee by written instrument, in duplicate, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee. In addition, in the event that the Depositor determines that the Trustee has failed (i) to distribute or cause to be distributed to Certificateholders any amount required to be distributed hereunder, if such amount is held by the Trustee or its Paying Agent (other than the Master Servicer or the Depositor) for distribution or (ii) to otherwise observe or perform in any material respect any of its covenants, agreements or obligations hereunder, and such failure shall continue unremedied for a period of 5 days (in respect of clause (i) above) or 30 days (in respect of 129 clause (ii) above) after the date on which written notice of such failure, requiring that the same be remedied, shall have been given to the Trustee by the Depositor, then the Depositor may remove the Trustee and appoint a successor trustee by written instrument delivered as provided in the preceding sentence. In connection with the appointment of a successor trustee pursuant to the preceding sentence, the Depositor shall, on or before the date on which any such appointment becomes effective, obtain from each Rating Agency written confirmation that the appointment of any such successor trustee will not result in the reduction of the ratings on any class of the Certificates below the lesser of the then current or original ratings on such Certificates. (c) The Holders of Certificates entitled to at least 51% of the Voting Rights may at any time remove the Trustee and appoint a successor trustee by written instrument or instruments, in triplicate, signed by such Holders or their attorneys-in-fact duly authorized, one complete set of which instruments shall be delivered to the Depositor, one complete set to the Trustee so removed and one complete set to the successor so appointed. (d) Any resignation or removal of the Trustee and appointment of a successor trustee pursuant to any of the provisions of this Section shall become effective upon acceptance of appointment by the successor trustee as provided in Section 8.08. Section 8.08 Successor Trustee. (a) Any successor trustee appointed as provided in Section 8.07 shall execute, acknowledge and deliver to the Depositor and to its predecessor trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor trustee shall become effective and such successor trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder, with the like effect as if originally named as trustee herein. The predecessor trustee shall deliver to the successor trustee all Mortgage Files and related documents and statements held by it hereunder (other than any Mortgage Files at the time held by a Custodian, which shall become the agent of any successor trustee hereunder), and the Depositor, the Master Servicer and the predecessor trustee shall execute and deliver such instruments and do such other things as may reasonably be required for more fully and certainly vesting and confirming in the successor trustee all such rights, powers, duties and obligations. (b) No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee shall be eligible under the provisions of Section 8.06. (c) Upon acceptance of appointment by a successor trustee as provided in this Section, the Depositor shall mail notice of the succession of such trustee hereunder to all Holders of Certificates at their addresses as shown in the Certificate Register. If the Depositor fails to mail such notice within 10 days after acceptance of appointment by the successor trustee, the successor trustee shall cause such notice to be mailed at the expense of the Depositor. 130 Section 8.09 Merger or Consolidation of Trustee. Any corporation or national banking association into which the Trustee may be merged or converted or with which it may be consolidated or any corporation or national banking association resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation or national banking association succeeding to the business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation or national banking association shall be eligible under the provisions of Section 8.06, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. The Trustee shall mail notice of any such merger or consolidation to the Certificateholders at their address as shown in the Certificate Register. Section 8.10 Appointment of Co-Trustee or Separate Trustee. (a) Notwithstanding any other provisions hereof, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Fund or property securing the same may at the time be located, the Master Servicer and the Trustee acting jointly shall have the power and shall execute and deliver all instruments to appoint one or more Persons approved by the Trustee to act as co-trustee or co-trustees, jointly with the Trustee, or separate trustee or separate trustees, of all or any part of the Trust Fund, and to vest in such Person or Persons, in such capacity, such title to the Trust Fund, or any part thereof, and, subject to the other provisions of this Section 8.10, such powers, duties, obligations, rights and trusts as the Master Servicer and the Trustee may consider necessary or desirable. If the Master Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in case an Event of Default shall have occurred and be continuing, the Trustee alone shall have the power to make such appointment. No co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 8.06 hereunder and no notice to Holders of Certificates of the appointment of co-trustee(s) or separate trustee(s) shall be required under Section 8.08 hereof. (b) In the case of any appointment of a co-trustee or separate trustee pursuant to this Section 8.10 all rights, powers, duties and obligations conferred or imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee, and such separate trustee or co-trustee jointly, except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed (whether as Trustee hereunder or as successor to the Master Servicer hereunder), the Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to the Trust Fund or any portion thereof in any such jurisdiction) shall be exercised and performed by such separate trustee or co-trustee at the direction of the Trustee. (c) Any notice, request or other writing given to the Trustee shall be deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement and the 131 conditions of this Article VIII. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed with the Trustee. (d) Any separate trustee or co-trustee may, at any time, constitute the Trustee, its agent or attorney-in-fact, with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successor trustee. Section 8.11 Appointment of Custodians. The Trustee may, with the consent of the Master Servicer and the Depositor, appoint one or more Custodians who are not Affiliates of the Depositor or the Master Servicer to hold all or a portion of the Mortgage Files as agent for the Trustee, by entering into a Custodial Agreement. Subject to Article VIII, the Trustee agrees to comply with the terms of each Custodial Agreement and to enforce the terms and provisions thereof against the Custodian for the benefit of the Certificateholders. Each Custodian shall be a depository institution subject to supervision by federal or state authority, shall have a combined capital and surplus of at least $15,000,000 and shall be qualified to do business in the jurisdiction in which it holds any Mortgage File. Each Custodial Agreement may be amended only as provided in Section 11.01. The Trustee shall notify the Certificateholders of the appointment of any Custodian (other than the Custodian appointed as of the Closing Date) pursuant to this Section 8.11. Section 8.12 Appointment of Office or Agency. The Trustee will maintain an office or agency in the City of New York where Certificates may be surrendered for registration of transfer or exchange. The Trustee initially designates its offices located at DTC Transfer Services, 55 Water Street, Jeanette Park Entrance, New York, New York 10041 for the purpose of keeping the Certificate Register. The Trustee will maintain an office at the address stated in Section 11.05(c) hereof where notices and demands to or upon the Trustee in respect of this Agreement may be served. 132 ARTICLE IX TERMINATION OR OPTIONAL PURCHASE OF ALL CERTIFICATES Section 9.01 Optional Purchase by the Master Servicer of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans. (a) Subject to Section 9.02, the respective obligations and responsibilities of the Depositor, the Master Servicer and the Trustee created hereby in respect of the Certificates (other than the obligation of the Trustee to make certain payments after the Final Distribution Date to Certificateholders and the obligation of the Depositor to send certain notices as hereinafter set forth) shall terminate upon the last action required to be taken by the Trustee on the Final Distribution Date pursuant to this Article IX following the earlier of: (i) the later of the final payment or other liquidation (or any Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Fund or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any Mortgage Loan, or (ii) the purchase by the Master Servicer of all Group I Loans and all property acquired in respect of any Group I Loan remaining in the Trust Fund, the purchase by the Master Servicer of all Group II Loans and all property acquired in respect of any Group II Loan remaining in the Trust Fund and the purchase by the Master Servicer of all Group III Loans and all property acquired in respect of any Group III Loan remaining in the Trust Fund, in each case, at a price equal to 100% of the unpaid principal balance of each Mortgage Loan (or, if less than such unpaid principal balance, the fair market value of the related underlying property of such Mortgage Loan with respect to Mortgage Loans as to which title has been acquired if such fair market value is less than such unpaid principal balance) (net of any unreimbursed Advances attributable to principal) on the day of repurchase, plus accrued interest thereon at the Net Mortgage Rate (or Modified Net Mortgage Rate in the case of any Modified Mortgage Loan), to, but not including, the first day of the month in which such repurchase price is distributed; provided, however, that in no event shall the trust created hereby continue beyond the expiration of 21 years from the death of the last survivor of the descendants of Joseph P. Kennedy, the late ambassador of the United States to the Court of St. James, living on the date hereof; provided further, that, if the amount due under any Certificate shall not have been reduced to zero prior to the Maturity Date, the Master Servicer shall be required to terminate this Agreement in accordance with this clause (ii); and provided further, that the purchase price set forth above shall be increased as is necessary, as determined by the Master Servicer, to avoid disqualification of any of REMIC I, REMIC II, REMIC III or REMIC IV as a REMIC. The right of the Master Servicer to purchase all the assets of the Trust Fund relating to the Group I Loans, pursuant to clause (ii) above is conditioned upon the date of such purchase occurring 133 on or after the Group I Optional Termination Date. The right of the Master Servicer to purchase all the assets of the Trust Fund relating to the Group II Loans, pursuant to clause (ii) above is conditioned upon the date of such purchase occurring on or after the Group II Optional Termination Date. The right of the Master Servicer to purchase all the assets of the Trust Fund relating to the Group III Loans, pursuant to clause (ii) above is conditioned upon the date of such purchase occurring on or after the Group III Optional Termination Date. If such right is exercised by the Master Servicer, the Master Servicer shall be deemed to have been reimbursed for the full amount of any unreimbursed Advances theretofore made by it with respect to the Mortgage Loans being purchased. In addition, the Master Servicer shall provide to the Trustee the certification required by Section 3.15 and the Trustee and any Custodian shall, promptly following payment of the purchase price, release to the Master Servicer the Mortgage Files pertaining to the Mortgage Loans being purchased. In addition to the foregoing, on any Distribution Date on or after the Group I Optional Termination Date, the Master Servicer shall have the right, at its option, to purchase the Group I Certificates in whole, but not in part, at a price equal to the sum of the outstanding Certificate Principal Balance of such Certificates plus the sum of one month's Accrued Certificate Interest thereon, or, with respect to the Class A-I-3 Certificates and Class AV-I Certificates, on their respective Notional Amount, any previously unpaid Accrued Certificate Interest, and any unpaid Prepayment Interest Shortfall previously allocated thereto. On any Distribution Date on or after the Group II Optional Termination Date, the Master Servicer shall have the right, at its option, to purchase the Group II Certificates in whole, but not in part, at a price equal to the sum of the outstanding Certificate Principal Balance of such Certificates plus the sum of one month's Accrued Certificate Interest thereon, or, with respect to the Class AV-II Certificates, on their Notional Amount, any previously unpaid Accrued Certificate Interest, and any unpaid Prepayment Interest Shortfall previously allocated thereto. On any Distribution Date on or after the Group III Optional Termination Date, the Master Servicer shall have the right, at its option, to purchase the Group III Certificates in whole, but not in part, at a price equal to the sum of the outstanding Certificate Principal Balance of such Certificates plus the sum of one month's Accrued Certificate Interest thereon, any previously unpaid Accrued Certificate Interest, and any unpaid Prepayment Interest Shortfall previously allocated thereto. If the Master Servicer exercises this right to purchase the outstanding Group I Certificates, Group II Certificates or Group III Certificates, the Master Servicer will promptly terminate the respective obligations and responsibilities created hereby in respect of these Certificates pursuant to this Article IX. (b) The Master Servicer shall give the Trustee not less than 60 days' prior notice of the Distribution Date on which the Master Servicer anticipates that the final distribution will be made to Certificateholders (whether as a result of the exercise by the Master Servicer of its right to purchase the assets of the Trust Fund or otherwise). Notice of any termination, specifying the anticipated Final Distribution Date (which shall be a date that would otherwise be a Distribution Date) upon which the Certificateholders may surrender their Certificates to the Trustee for payment of the final distribution and cancellation, shall be given promptly by the Master Servicer (if it is exercising its right to purchase the assets of the Trust Fund), or by the Trustee (in any other case) 134 by letter to Certificateholders mailed not earlier than the 15th day and not later than the 25th day of the month next preceding the month of such final distribution specifying: (i) the anticipated Final Distribution Date upon which final payment of the Certificates is anticipated to be made upon presentation and surrender of Certificates at the office or agency of the Trustee therein designated, (ii) the amount of any such final payment, if known, and (iii) that the Record Date otherwise applicable to such Distribution Date is not applicable, and that payment will be made only upon presentation and surrender of the Certificates at the office or agency of the Trustee therein specified. If the Master Servicer is obligated to give notice to Certificateholders as aforesaid, it shall give such notice to the Certificate Registrar at the time such notice is given to Certificateholders. In the event such notice is given by the Master Servicer, the Master Servicer shall deposit in the Certificate Account before the Final Distribution Date in immediately available funds an amount equal to the purchase price for the assets of the Trust Fund computed as above provided. The Master Servicer shall provide to the Trustee written notification of any change to the anticipated Final Distribution Date as soon as practicable. If the Trust Fund is not terminated on the anticipated Final Distribution Date, for any reason, the Trustee shall promptly mail notice thereof to each affected Certificateholder. (c) Upon presentation and surrender of the Certificates by the Certificateholders, the Trustee shall distribute to the Certificateholders (i) the amount otherwise distributable on such Distribution Date, if not in connection with the Master Servicer's election to repurchase, or (ii) if the Master Servicer elected to so repurchase, an amount equal to the outstanding Certificate Principal Balance of the Certificates, plus Accrued Certificate Interest thereon for the related Interest Accrual Period and any previously unpaid Accrued Certificate Interest. (d) In the event that any Certificateholders shall not surrender their Certificates for final payment and cancellation on or before the Final Distribution Date, the Trustee shall on such date cause all funds in the Certificate Account not distributed in final distribution to Certificateholders to be withdrawn therefrom and credited to the remaining Certificateholders by depositing such funds in a separate escrow account for the benefit of such Certificateholders, and the Master Servicer (if it exercised its right to purchase the assets of the Trust Fund), or the Trustee (in any other case) shall give a second written notice to the remaining Certificateholders to surrender their Certificates for cancellation and receive the final distribution with respect thereto. If within six months after the second notice any Certificate shall not have been surrendered for cancellation, the Trustee shall take appropriate steps as directed by the Master Servicer to contact the remaining Certificateholders concerning surrender of their Certificates. The costs and expenses of maintaining the escrow account and of contacting Certificateholders shall be paid out of the assets which remain in the escrow account. If within nine months after the second notice any Certificates shall not have been 135 surrendered for cancellation, the Trustee shall pay to the Master Servicer all amounts distributable to the holders thereof and the Master Servicer shall thereafter hold such amounts until distributed to such holders. No interest shall accrue or be payable to any Certificateholder on any amount held in the escrow account or by the Master Servicer as a result of such Certificateholder's failure to surrender its Certificate(s) for final payment thereof in accordance with this Section 9.01 and the Certificateholders shall look only to the Master Servicer for such payment. Section 9.02 Additional Termination Requirements. (a) Any of REMIC I, REMIC II, REMIC III and REMIC IV, as the case may be, shall be terminated in accordance with the following additional requirements, unless the Trustee and the Master Servicer have received an Opinion of Counsel (which Opinion of Counsel shall not be an expense of the Trustee) to the effect that the failure of any of REMIC I, REMIC II, REMIC III and REMIC IV, as the case may be, to comply with the requirements of this Section 9.02 will not (i) result in the imposition on the Trust Fund of taxes on "prohibited transactions," as described in Section 860F of the Code, or (ii) cause any of REMIC I, REMIC II, REMIC III or REMIC IV to fail to qualify as a REMIC at any time that any Certificate is outstanding: (i) The Master Servicer shall establish a 90-day liquidation period for each of REMIC I, REMIC II, REMIC III and REMIC IV, and specify the first day of such period in a statement attached to the Trust Fund's final Tax Return pursuant to Treasury regulations Section 1.860F-1. The Master Servicer also shall satisfy all of the requirements of a qualified liquidation for each of REMIC I, REMIC II, REMIC III and REMIC IV, under Section 860F of the Code and the regulations thereunder; (ii) The Master Servicer shall notify the Trustee at the commencement of such 90-day liquidation period and, at or prior to the time of making of the final payment on the Certificates, the Trustee shall sell or otherwise dispose of all of the remaining assets of the Trust Fund in accordance with the terms hereof; and (iii) If the Master Servicer is exercising its right to purchase the assets of the Trust Fund, the Master Servicer shall, during the 90-day liquidation period and at or prior to the Final Distribution Date, purchase all of the assets of the Trust Fund for cash; provided, however, that in the event that a calendar quarter ends after the commencement of the 90-day liquidation period but prior to the Final Distribution Date, the Master Servicer shall not purchase any of the assets of the Trust Fund prior to the close of that calendar quarter. (b) Each Holder of a Certificate and the Trustee hereby irrevocably approves and appoints the Master Servicer as its attorney-in-fact to adopt a plan of complete liquidation for each of REMIC I, REMIC II, REMIC III and REMIC IV at the expense of the Trust Fund in accordance with the terms and conditions of this Agreement. 136 ARTICLE X REMIC PROVISIONS Section 10.01 REMIC Administration. (a) The REMIC Administrator shall make an election to treat each of REMIC I, REMIC II, REMIC III and REMIC IV as a REMIC under the Code and, if necessary, under applicable state law. Such election will be made on Form 1066 or other appropriate federal tax or information return (including Form 8811) or any appropriate state return for the taxable year ending on the last day of the calendar year in which the Certificates are issued. The REMIC I Regular Interests shall be designated as the "regular interests" and the Class R-I Certificates shall be designated as the sole class of "residual interests" in the REMIC I. The REMIC II Regular Interests shall be designated as the "regular interests" and the Class R-II Certificates shall be designated as the sole class of "residual interests" in REMIC II. The REMIC III Regular Interests shall be designated as the "regular interests" and the Class R-III Certificates shall be designated as the sole class of "residual interests" in REMIC III. The Class A-I-1, Class A-I-2, Class A-I-3, Class AP-I, Class AV-I, Class M-I-1, Class M-I-2, Class M-I-3, Class A-II, Class AP-II, Class AV-II, Class M-II-1, Class M-II-2, Class M-II-3, Class A-III, Class M-III-1, Class M-III-2, Class M-III-3, Class B-I-1, Class B-I-2, Class B-I-3, Class B-II-1, Class B-II-2, Class B-II-3, Class B-III-1, Class B-III-2, Class B-III-3 Certificates shall be designated as the "regular interests" in REMIC IV and the Class R-IV Certificates shall be designated the sole class of "residual interests" in REMIC IV. The REMIC Administrator and the Trustee shall not permit the creation of any "interests" (within the meaning of Section 860G of the Code) in the REMIC other than the Certificates. (b) The Closing Date is hereby designated as the "startup day" of each of REMIC I, REMIC II, REMIC III and REMIC IV within the meaning of Section 860G(a)(9) of the Code. (c) The REMIC Administrator shall hold a Class R Certificate in each REMIC representing a 0.01% Percentage Interest of the Class R Certificates in each REMIC and shall be designated as the "tax matters person" with respect to each of REMIC I, REMIC II, REMIC III and REMIC IV in the manner provided under Treasury regulations section 1.860F-4(d) and Treasury regulations section 301.6231(a)(7)-1. The REMIC Administrator, as tax matters person, shall (i) act on behalf of each of REMIC I, REMIC II, REMIC III and REMIC IV in relation to any tax matter or controversy involving the Trust Fund and (ii) represent the Trust Fund in any administrative or judicial proceeding relating to an examination or audit by any governmental taxing authority with respect thereto. The legal expenses, including without limitation attorneys' or accountants' fees, and costs of any such proceeding and any liability resulting therefrom shall be expenses of the Trust Fund and the REMIC Administrator shall be entitled to reimbursement therefor out of amounts attributable to the Mortgage Loans on deposit in the Custodial Account as provided by Section 3.10 unless such legal expenses and costs are incurred by reason of the REMIC Administrator's willful misfeasance, bad faith or gross negligence. If the REMIC Administrator is no longer the Master Servicer hereunder, at its option the REMIC Administrator may continue its duties as REMIC 137 Administrator and shall be paid reasonable compensation not to exceed $3,000 per year by any successor Master Servicer hereunder for so acting as the REMIC Administrator. (d) The REMIC Administrator shall prepare or cause to be prepared all of the Tax Returns that it determines are required with respect to the REMIC created hereunder and deliver such Tax Returns in a timely manner to the Trustee and the Trustee shall sign and file such Tax Returns in a timely manner. The expenses of preparing such returns shall be borne by the REMIC Administrator without any right of reimbursement therefor. The REMIC Administrator agrees to indemnify and hold harmless the Trustee with respect to any tax or liability arising from the Trustee's signing of Tax Returns that contain errors or omissions. The Trustee and Master Servicer shall promptly provide the REMIC Administrator with such information as the REMIC Administrator may from time to time request for the purpose of enabling the REMIC Administrator to prepare Tax Returns. (e) The REMIC Administrator shall provide (i) to any Transferor of a Class R Certificate such information as is necessary for the application of any tax relating to the transfer of a Class R Certificate to any Person who is not a Permitted Transferee, (ii) to the Trustee and the Trustee shall forward to the Certificateholders such information or reports as are required by the Code or the REMIC Provisions including reports relating to interest, original issue discount, if any, and market discount or premium (using the Prepayment Assumption) and (iii) to the Internal Revenue Service the name, title, address and telephone number of the person who will serve as the representative of each REMIC created hereunder. (f) The Master Servicer and the REMIC Administrator shall take such actions and shall cause each REMIC created hereunder to take such actions as are reasonably within the Master Servicer's or the REMIC Administrator's control and the scope of its duties more specifically set forth herein as shall be necessary or desirable to maintain the status thereof as a REMIC under the REMIC Provisions (and the Trustee shall assist the Master Servicer and the REMIC Administrator, to the extent reasonably requested by the Master Servicer and the REMIC Administrator to do so). In performing their duties as more specifically set forth herein, the Master Servicer and the REMIC Administrator shall not knowingly or intentionally take any action, cause the Trust Fund to take any action or fail to take (or fail to cause to be taken) any action reasonably within their respective control and the scope of duties more specifically set forth herein, that, under the REMIC Provisions, if taken or not taken, as the case may be, could (i) endanger the status of any of REMIC I, REMIC II, REMIC III or REMIC IV as a REMIC or (ii) result in the imposition of a tax upon any of REMIC I, REMIC II, REMIC III or REMIC IV (including but not limited to the tax on prohibited transactions as defined in Section 860F(a)(2) of the Code (except as provided in Section 3.22(d)) and the tax on contributions to a REMIC set forth in Section 860G(d) of the Code) (either such event, in the absence of an Opinion of Counsel or the indemnification referred to in this sentence, an "Adverse REMIC Event") unless the Master Servicer or the REMIC Administrator, as applicable, has received an Opinion of Counsel (at the expense of the party seeking to take such action or, if such party fails to pay such expense, and the Master Servicer or the REMIC Administrator, as applicable, determines that taking such action is in the best interest of the Trust Fund and the 138 Certificateholders, at the expense of the Trust Fund, but in no event at the expense of the Master Servicer, the REMIC Administrator or the Trustee) to the effect that the contemplated action will not, with respect to the Trust Fund created hereunder, endanger such status or, unless the Master Servicer or the REMIC Administrator or both, as applicable, determine in its or their sole discretion to indemnify the Trust Fund against the imposition of such a tax, result in the imposition of such a tax. Wherever in this Agreement a contemplated action may not be taken because the timing of such action might result in the imposition of a tax on the Trust Fund, or may only be taken pursuant to an Opinion of Counsel that such action would not impose a tax on the Trust Fund, such action may nonetheless be taken provided that the indemnity given in the preceding sentence with respect to any taxes that might be imposed on the Trust Fund has been given and that all other preconditions to the taking of such action have been satisfied. The Trustee shall not take or fail to take any action (whether or not authorized hereunder) as to which the Master Servicer or the REMIC Administrator, as applicable, has advised it in writing that it has received an Opinion of Counsel to the effect that an Adverse REMIC Event could occur with respect to such action. In addition, prior to taking any action with respect to the Trust Fund or its assets, or causing the Trust Fund to take any action, which is not expressly permitted under the terms of this Agreement, the Trustee will consult with the Master Servicer or the REMIC Administrator, as applicable, or its designee, in writing, with respect to whether such action could cause an Adverse REMIC Event to occur with respect to the Trust Fund and the Trustee shall not take any such action or cause the Trust Fund to take any such action as to which the Master Servicer or the REMIC Administrator, as applicable, has advised it in writing that an Adverse REMIC Event could occur. The Master Servicer or the REMIC Administrator, as applicable, may consult with counsel to make such written advice, and the cost of same shall be borne by the party seeking to take the action not expressly permitted by this Agreement, but in no event at the expense of the Master Servicer or the REMIC Administrator. At all times as may be required by the Code, the Master Servicer or the REMIC Administrator, as applicable, will to the extent within its control and the scope of its duties more specifically set forth herein, maintain substantially all of the assets of the REMIC as "qualified mortgages" as defined in Section 860G(a)(3) of the Code and "permitted investments" as defined in Section 860G(a)(5) of the Code. (g) In the event that any tax is imposed on "prohibited transactions" of any REMIC created hereunder as defined in Section 860F(a)(2) of the Code, on "net income from foreclosure property" of any REMIC as defined in Section 860G(c) of the Code, on any contributions to any REMIC after the startup day therefor pursuant to Section 860G(d) of the Code, or any other tax imposed by the Code or any applicable provisions of state or local tax laws, such tax shall be charged (i) to the Master Servicer, if such tax arises out of or results from a breach by the Master Servicer of any of its obligations under this Agreement or the Master Servicer has in its sole discretion determined to indemnify the Trust Fund against such tax, (ii) to the Trustee, if such tax arises out of or results from a breach by the Trustee of any of its obligations under this Article X, or (iii) otherwise against amounts on deposit in the Custodial Account as provided by Section 3.10 and on the Distribution Date(s) following such reimbursement the aggregate of such taxes shall be allocated in reduction of the Accrued Certificate Interest on each Class entitled thereto in the same manner as if such taxes constituted a Prepayment Interest Shortfall. 139 (h) The Trustee and the Master Servicer shall, for federal income tax purposes, maintain books and records with respect to each REMIC on a calendar year and on an accrual basis or as otherwise may be required by the REMIC Provisions. (i) Following the startup day, neither the Master Servicer nor the Trustee shall accept any contributions of assets to any REMIC unless (subject to Section 10.01(f)) the Master Servicer and the Trustee shall have received an Opinion of Counsel (at the expense of the party seeking to make such contribution) to the effect that the inclusion of such assets in any REMIC will not cause any of REMIC I, REMIC II, REMIC III or REMIC IV to fail to qualify as a REMIC at any time that any Certificates are outstanding or subject any such REMIC to any tax under the REMIC Provisions or other applicable provisions of federal, state and local law or ordinances. (j) Neither the Master Servicer nor the Trustee shall (subject to Section 10.01(f)) enter into any arrangement by which any of REMIC I, REMIC II, REMIC III or REMIC IV will receive a fee or other compensation for services nor permit any of REMIC I, REMIC II, REMIC III or REMIC IV to receive any income from assets other than "qualified mortgages" as defined in Section 860G(a)(3) of the Code or "permitted investments" as defined in Section 860G(a)(5) of the Code. (k) Solely for the purposes of Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the "latest possible maturity date" by which the Certificate Principal Balance of each Class of Certificates (other than the Class A-I-3, Class AV-I and Class AV-II Certificates) representing a regular interest in the applicable REMIC and the Uncertificated Principal Balance of each Uncertificated Regular Interest is the Maturity Date for each such Certificate and Interest. (l) Within 30 days after the Closing Date, the REMIC Administrator shall prepare and file with the Internal Revenue Service Form 8811, "Information Return for Real Estate Mortgage Investment Conduits (REMIC) and Issuers of Collateralized Debt Obligations" for the Trust Fund. (m) Neither the Trustee nor the Master Servicer shall sell, dispose of or substitute for any of the Mortgage Loans (except in connection with (i) the default, imminent default or foreclosure of a Mortgage Loan, including but not limited to, the acquisition or sale of a Mortgaged Property acquired by deed in lieu of foreclosure, (ii) the bankruptcy of the Trust Fund, (iii) the termination of any REMIC pursuant to Article IX of this Agreement or (iv) a purchase of Mortgage Loans pursuant to Article II or III of this Agreement) or acquire any assets for any REMIC or sell or dispose of any investments in the Custodial Account or the Certificate Account for gain, or accept any contributions to any REMIC after the Closing Date unless it has received an Opinion of Counsel that such sale, disposition, substitution or acquisition will not (a) affect adversely the status of any of REMIC I, REMIC II, REMIC III or REMIC IV as a REMIC or (b) unless the Master Servicer has determined in its sole discretion to indemnify the Trust Fund against such tax, cause any REMIC to be subject to a tax on "prohibited transactions" or "contributions" pursuant to the REMIC Provisions. 140 Section 10.02 Master Servicer, REMIC Administrator and Trustee Indemnification. (a) The Trustee agrees to indemnify the Trust Fund, the Depositor, the REMIC Administrator and the Master Servicer for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by the Trust Fund, the Depositor or the Master Servicer, as a result of a breach of the Trustee's covenants set forth in Article VIII or this Article X. In the event that Residential Funding is no longer the Master Servicer, the Trustee shall indemnify Residential Funding for any taxes and costs including, without limitation, any reasonable attorneys fees imposed on or incurred by Residential Funding as a result of a breach of the Trustee's covenants set forth in Article VIII or this Article X. (b) The REMIC Administrator agrees to indemnify the Trust Fund, the Depositor, the Master Servicer and the Trustee for any taxes and costs (including, without limitation, any reasonable attorneys' fees) imposed on or incurred by the Trust Fund, the Depositor, the Master Servicer or the Trustee, as a result of a breach of the REMIC Administrator's covenants set forth in this Article X with respect to compliance with the REMIC Provisions, including without limitation, any penalties arising from the Trustee's execution of Tax Returns prepared by the REMIC Administrator that contain errors or omissions; provided, however, that such liability will not be imposed to the extent such breach is a result of an error or omission in information provided to the REMIC Administrator by the Master Servicer in which case Section 10.02(c) will apply. (c) The Master Servicer agrees to indemnify the Trust Fund, the Depositor, the REMIC Administrator and the Trustee for any taxes and costs (including, without limitation, any reasonable attorneys' fees) imposed on or incurred by the Trust Fund, the Depositor or the Trustee, as a result of a breach of the Master Servicer's covenants set forth in this Article X or in Article III with respect to compliance with the REMIC Provisions, including without limitation, any penalties arising from the Trustee's execution of Tax Returns prepared by the Master Servicer that contain errors or omissions. 141 ARTICLE XI MISCELLANEOUS PROVISIONS Section 11.01 Amendment. (a) This Agreement or any Custodial Agreement may be amended from time to time by the Depositor, the Master Servicer and the Trustee: (i) to cure any ambiguity, (ii) to correct or supplement any provisions herein or therein, which may be inconsistent with any other provisions herein or therein or to correct any error, (iii) to modify, eliminate or add to any of its provisions to such extent as shall be necessary or desirable to maintain the qualification of REMIC I, REMIC II, REMIC III or REMIC IV as REMICs at all times that any Certificate is outstanding or to avoid or minimize the risk of the imposition of any tax on the Trust Fund pursuant to the Code that would be a claim against the Trust Fund, provided that the Trustee has received an Opinion of Counsel to the effect that (A) such action is necessary or desirable to maintain such qualification or to avoid or minimize the risk of the imposition of any such tax and (B) such action will not adversely affect in any material respect the interests of any Certificateholder, (iv) to change the timing and/or nature of deposits into the Custodial Account or the Certificate Account or to change the name in which the Custodial Account is maintained, provided that (A) the Certificate Account Deposit Date shall in no event be later than the related Distribution Date, (B) such change shall not, as evidenced by an Opinion of Counsel, adversely affect in any material respect the interests of any Certificateholder and (C) such change shall not result in a reduction of the rating assigned to any Class of Certificates below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date, as evidenced by a letter from each Rating Agency to such effect, (v) to modify, eliminate or add to the provisions of Section 5.02(f) or any other provision hereof restricting transfer of the Class R Certificates by virtue of their being the "residual interests" in the Trust Fund provided that (A) such change shall not result in reduction of the rating assigned to any such Class of Certificates below the lower of the then- current rating or the rating assigned to such Certificates as of the Closing Date, as evidenced by a letter from each Rating Agency to such effect, and (B) such change shall not, as evidenced by an Opinion of Counsel (at the expense of the party seeking so to modify, eliminate or add such provisions), cause the Trust Fund or any of the Certificateholders (other than the transferor) to be subject to a federal tax caused by a transfer to a Person that is not a Permitted Transferee, or 142 (vi) to make any other provisions with respect to matters or questions arising under this Agreement or such Custodial Agreement which shall not be materially inconsistent with the provisions of this Agreement, provided that such action shall not, as evidenced by an Opinion of Counsel, adversely affect in any material respect the interests of any Certificateholder and is authorized or permitted under Section 11.09(d). (b) This Agreement or any Custodial Agreement may also be amended from time to time by the Depositor, the Master Servicer, the Trustee and the Holders of Certificates evidencing in the aggregate not less than 66% of the Percentage Interests of each Class of Certificates affected thereby for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or such Custodial Agreement or of modifying in any manner the rights of the Holders of Certificates of such Class; provided, however, that no such amendment shall: (i) reduce in any manner the amount of, or delay the timing of, payments which are required to be distributed on any Certificate without the consent of the Holder of such Certificate, (ii) adversely affect in any material respect the interest of the Holders of Certificates of any Class in a manner other than as described in clause (i) hereof without the consent of Holders of Certificates of such Class evidencing, as to such Class, Percentage Interests aggregating not less than 66%, or (iii) reduce the aforesaid percentage of Certificates of any Class the Holders of which are required to consent to any such amendment, in any such case without the consent of the Holders of all Certificates of such Class then outstanding. (c) Notwithstanding any contrary provision of this Agreement, the Trustee shall not consent to any amendment to this Agreement unless it shall have first received an Opinion of Counsel (at the expense of the party seeking such amendment) to the effect that such amendment or the exercise of any power granted to the Master Servicer, the Depositor or the Trustee in accordance with such amendment is permitted hereunder and will not result in the imposition of a federal tax on the Trust Fund or cause REMIC I, REMIC II, REMIC III or REMIC IV to fail to qualify as REMICs at any time that any Certificate is outstanding. The Trustee may but shall not be obligated to enter into any amendment pursuant to this Section that affects its rights, duties and immunities and this agreement or otherwise; provided however, such consent shall not be unreasonably withheld. (d) Promptly after the execution of any such amendment the Trustee shall furnish written notification of the substance of such amendment to each Certificateholder. It shall not be necessary for the consent of Certificateholders under this Section 11.01 to approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Certificateholders shall be subject to such reasonable regulations as the Trustee may prescribe. 143 (e) The Depositor shall have the option, in its sole discretion, to obtain and deliver to the Trustee any corporate guaranty, payment obligation, irrevocable letter of credit, surety bond, insurance policy or similar instrument or a reserve fund, or any combination of the foregoing, for the purpose of protecting the Holders of the Class R Certificates against any or all Realized Losses or other shortfalls. Any such instrument or fund shall be held by the Trustee for the benefit of the Class R Certificateholders, but shall not be and shall not be deemed to be under any circumstances included in REMIC I, REMIC II, REMIC III or REMIC IV. To the extent that any such instrument or fund constitutes a reserve fund for federal income tax purposes, (i) any reserve fund so established shall be an outside reserve fund and not an asset of the REMIC, (ii) any such reserve fund shall be owned by the Depositor, and (iii) amounts transferred by the REMIC to any such reserve fund shall be treated as amounts distributed by the REMIC to the Depositor or any successor, all within the meaning of Treasury regulations Section 1.860G-2(h). In connection with the provision of any such instrument or fund, this Agreement and any provision hereof may be modified, added to, deleted or otherwise amended in any manner that is related or incidental to such instrument or fund or the establishment or administration thereof, such amendment to be made by written instrument executed or consented to by the Depositor and such related insurer but without the consent of any Certificateholder and without the consent of the Master Servicer or the Trustee being required unless any such amendment would impose any additional obligation on, or otherwise adversely affect the interests of the Certificateholders, the Master Servicer or the Trustee, as applicable; provided that the Depositor obtains an Opinion of Counsel (which need not be an opinion of Independent counsel) to the effect that any such amendment will not cause (a) any federal tax to be imposed on the Trust Fund, including without limitation, any federal tax imposed on "prohibited transactions" under Section 860F(a)(1) of the Code or on "contributions after the startup date" under Section 860G(d)(1) of the Code and (b) any of REMIC I, REMIC II, REMIC III or REMIC IV to fail to qualify as a REMIC at any time that any Certificate is outstanding. In the event that the Depositor elects to provide such coverage in the form of a limited guaranty provided by General Motors Acceptance Corporation, the Depositor may elect that the text of such amendment to this Agreement shall be substantially in the form attached hereto as Exhibit K (in which case Residential Funding's Subordinate Certificate Loss Obligation as described in such exhibit shall be established by Residential Funding's consent to such amendment) and that the limited guaranty shall be executed in the form attached hereto as Exhibit L, with such changes as the Depositor shall deem to be appropriate; it being understood that the Trustee has reviewed and approved the content of such forms and that the Trustee's consent or approval to the use thereof is not required. Section 11.02 Recordation of Agreement; Counterparts. (a) To the extent permitted by applicable law, this Agreement is subject to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions in which any or all of the properties subject to the Mortgages are situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected by the Master Servicer and at its expense on direction by the Trustee (pursuant to the request of the Holders of Certificates entitled to at least 25% of the Voting Rights), but only upon direction accompanied by 144 an Opinion of Counsel to the effect that such recordation materially and beneficially affects the interests of the Certificateholders. (b) For the purpose of facilitating the recordation of this Agreement as herein provided and for other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same instrument. Section 11.03 Limitation on Rights of Certificateholders. (a) The death or incapacity of any Certificateholder shall not operate to terminate this Agreement or the Trust Fund, nor entitle such Certificateholder's legal representatives or heirs to claim an accounting or to take any action or proceeding in any court for a partition or winding up of the Trust Fund, nor otherwise affect the rights, obligations and liabilities of any of the parties hereto. (b) No Certificateholder shall have any right to vote (except as expressly provided herein) or in any manner otherwise control the operation and management of the Trust Fund, or the obligations of the parties hereto, nor shall anything herein set forth, or contained in the terms of the Certificates, be construed so as to constitute the Certificateholders from time to time as partners or members of an association; nor shall any Certificateholder be under any liability to any third person by reason of any action taken by the parties to this Agreement pursuant to any provision hereof. (c) No Certificateholder shall have any right by virtue of any provision of this Agreement to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Agreement, unless such Holder previously shall have given to the Trustee a written notice of default and of the continuance thereof, as hereinbefore provided, and unless also the Holders of Certificates of any Class evidencing in the aggregate not less than 25% of the related Percentage Interests of such Class, shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, for 60 days after its receipt of such notice, request and offer of indemnity, shall have neglected or refused to institute any such action, suit or proceeding it being understood and intended, and being expressly covenanted by each Certificateholder with every other Certificateholder and the Trustee, that no one or more Holders of Certificates of any Class shall have any right in any manner whatever by virtue of any provision of this Agreement to affect, disturb or prejudice the rights of the Holders of any other of such Certificates of such Class or any other Class, or to obtain or seek to obtain priority over or preference to any other such Holder, or to enforce any right under this Agreement, except in the manner herein provided and for the common benefit of Certificateholders of such Class or all Classes, as the case may be. For the protection and enforcement of the provisions of this Section 11.03, each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. 145 Section 11.04 Governing Law. This agreement and the Certificates shall be governed by and construed in accordance with the laws of the State of New York and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws. Section 11.05 Notices. All demands and notices hereunder shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by registered mail, postage prepaid (except for notices to the Trustee which shall be deemed to have been duly given only when received), to (a) in the case of the Depositor, 8400 Normandale Lake Boulevard, Suite 250, Minneapolis, Minnesota 55437, Attention: President (RAMP), or such other address as may hereafter be furnished to the Master Servicer and the Trustee in writing by the Depositor; (b) in the case of the Master Servicer, 2255 North Ontario Street, Burbank, California 91504-3120, Attention: Bond Administration or such other address as may be hereafter furnished to the Depositor and the Trustee by the Master Servicer in writing; (c) in the case of the Trustee, 1761 East St. Andrew Place, Santa Ana, California 92705, Attention: Residential Asset Mortgage Products Inc. Series 2002-RM1 or such other address as may hereafter be furnished to the Depositor and the Master Servicer in writing by the Trustee; (d) in the case of Fitch, One State Street Plaza, New York, New York 1004, Attention: Residential Mortgage Backed Group, or such other address as may be hereafter furnished to the Depositor, the Trustee and the Master Servicer in writing by Fitch; and (e) in the case of Moody's, 99 Church Street, New York, New York 10007, Attention: ABS Monitoring Department, or such other address as may be hereafter furnished to the Depositor, the Trustee and the Master Servicer in writing by Moody's. Any notice required or permitted to be mailed to a Certificateholder shall be given by first class mail, postage prepaid, at the address of such holder as shown in the Certificate Register. Any notice so mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Certificateholder receives such notice. Section 11.06 Notices to Rating Agencies. The Depositor, the Master Servicer or the Trustee, as applicable, shall notify each Rating Agency and each Subservicer at such time as it is otherwise required pursuant to this Agreement to give notice of the occurrence of, any of the events described in clause (i), (ii), (iii), (iv), (vii), (viii), (ix) or (x) below or provide a copy to each Rating Agency at such time as otherwise required to be delivered pursuant to this Agreement of any of the statements described in clauses (x) and (vi) below: (i) a material change or amendment to this Agreement, (ii) the occurrence of an Event of Default, (iii)the termination or appointment of a successor Master Servicer or Trustee or 146 a change in the majority ownership of the Trustee, (iv) the filing of any claim under the Master Servicer's blanket fidelity bond and the errors and omissions insurance policy required by Section 3.12 or the cancellation or modification of coverage under any such instrument, (v) the statement required to be delivered to the Holders of each Class of Certificates pursuant to Section 4.03, (vi) the statements required to be delivered pursuant to Sections 3.18 and 3.19, (vii) a change in the location of the Custodial Account or the Certificate Account, (viii) the occurrence of any monthly cash flow shortfall to the Holders of any Class of Certificates resulting from the failure by the Master Servicer to make an Advance pursuant to Section 4.04, (ix) the occurrence of the Final Distribution Date, and (x) the repurchase of or substitution for any Mortgage Loan, provided, however, that with respect to notice of the occurrence of the events described in clauses (iv), (vii) or (viii) above, the Master Servicer shall provide prompt written notice to each Rating Agency and the Subservicer of any such event known to the Master Servicer. Section 11.07 Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof. Section 11.08 Supplemental Provisions for Resecuritization. (a) This Agreement may be supplemented by means of the addition of a separate Article hereto (a "Supplemental Article") for the purpose of resecuritizing any of the Certificates issued hereunder, under the following circumstances. With respect to any Class or Classes of Certificates issued hereunder, or any portion of any such Class, as to which the Depositor or any of its Affiliates (or any designee thereof) is the registered Holder (the "Resecuritized Certificates"), the Depositor may deposit such Resecuritized Certificates into a new REMIC, grantor trust, FASIT or custodial arrangement (a "Restructuring Vehicle") to be held by the Trustee pursuant to a Supplemental Article. The instrument adopting such Supplemental Article shall be executed by the Depositor, the 147 Master Servicer and the Trustee; provided, that neither the Master Servicer nor the Trustee shall withhold their consent thereto if their respective interests would not be materially adversely affected thereby. To the extent that the terms of the Supplemental Article do not in any way affect any provisions of this Agreement as to any of the Certificates initially issued hereunder, the adoption of the Supplemental Article shall not constitute an "amendment" of this Agreement. Each Supplemental Article shall set forth all necessary provisions relating to the holding of the Resecuritized Certificates by the Trustee, the establishment of the Restructuring Vehicle, the issuing of various classes of new certificates by the Restructuring Vehicle and the distributions to be made thereon, and any other provisions necessary to the purposes thereof. In connection with each Supplemental Article, the Depositor shall deliver to the Trustee an Opinion of Counsel to the effect that (i) the Restructuring Vehicle will qualify as a REMIC, grantor trust, FASIT or other entity not subject to taxation for federal income tax purposes and (ii) the adoption of the Supplemental Article will not endanger the status of any of REMIC I, REMIC II, REMIC III or REMIC IV as a REMIC or result in the imposition of a tax upon the Trust Fund (including but not limited to the tax on prohibited transaction as defined in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC as set forth in Section 860G(d) of the Code. 148 IN WITNESS WHEREOF, the Depositor, the Master Servicer and the Trustee have caused their names to be signed hereto by their respective officers thereunto duly authorized and their respective seals, duly attested, to be hereunto affixed, all as of the date and year first above written. [Seal] RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC. Attest: By: --------------------------------------- Name: Julie Steinhagen Name: Michael Mead Title: Vice President Title: Vice President [Seal] RESIDENTIAL FUNDING CORPORATION Attest: By: --------------------------------------- Name: Name: Julie Steinhagen Title: Title: Director [Seal] DEUTSCHE BANK TRUST COMPANY AMERICAS as Trustee Attest: By: --------------------------------------- Name: Name: Title: Title: [Seal] Attest: By: --------------------------------------- ---------------------------- Name: Name: Title: Title: STATE OF MINNESOTA ) ) ss.: COUNTY OF HENNEPIN ) On the 27th day of December, 2002, before me, a notary public in and for said State, personally appeared Michael Mead, known to me to be a Vice President of Residential Asset Mortgage Products, Inc., one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. Notary Public [Notarial Seal] STATE OF MINNESOTA ) ) ss.: COUNTY OF HENNEPIN ) On the 27th day of December, 2002, before me, a notary public in and for said State, personally appeared Julie Steinhagen, known to me to be a Director of Residential Funding Corporation, one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. Notary Public [Notarial Seal] STATE OF CALIFORNIA ) ) ss.: COUNTY OF ORANGE ) On the 27th day of December, 2002, before me, a notary public in and for said State, personally appeared __________________, known to me to be a/an _________________ of Deutsche Bank Trust Company Americas, the entity that executed the within instrument, and also known to me to be the person who executed it on behalf of said banking entity and acknowledged to me that such banking entity executed the within instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. Notary Public STATE OF CALIFORNIA ) ) ss.: COUNTY OF ORANGE ) On the 27th day of December, 2002, before me, a notary public in and for said State, personally appeared __________________, known to me to be a/an _________________ of Deutsche Bank Trust Company Americas, the entity that executed the within instrument, and also known to me to be the person who executed it on behalf of said banking entity and acknowledged to me that such banking entity executed the within instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. Notary Public EXHIBIT A-1 FORM OF CLASS [A-I][A-II][A-III] CERTIFICATE SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO DEPOSITOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. A-1-1 Certificate No. 1 [____]% Pass-Through Rate Class [A-I-_][A-II][A-III] Senior Date of Pooling and Servicing Percentage Interest: 100% Agreement and Cut-off Date: December 1, 2002 First Distribution Date: Aggregate Initial [Notional Amount] January 27, 2003 [Certificate Principal Balance] of the Class [A-I-_][A-II-_][A-III-_] Certificates: $[___________________] Master Servicer: Initial [Notional Amount] Residential Funding Corporation [Certificate Principal Balance] of this Certificate: $[___________________] Final Scheduled Distribution Date: CUSIP [_______________] [________________] Maturity Date: [________________] MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE SERIES 2002-RM1 evidencing a percentage interest in the distributions allocable to the Class [A-I- _][A-II][A-III] Certificates with respect to a Trust Fund consisting primarily of a pool of conventional one- to four-family fixed and fixed rate, first lien mortgage loans formed and sold by RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC. This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC., the Master Servicer, the Trustee referred to below or GMAC Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Residential Asset Mortgage Products, Inc., the Master Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates. None of Residential Asset Mortgage Products, Inc., the Master Servicer, GMAC Mortgage Group, Inc. or any of their affiliates will have any obligation with respect to any A-1-2 certificate or other obligation secured by or payable from payments on the Certificates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Initial [Notional Amount] [Certificate Principal Balance] of this Certificate by the aggregate Initial [Notional Amount] [Certificate Principal Balance] of all Class [A-I-_][A-II][A-III] Certificates, both as specified above) in certain distributions with respect to the Trust Fund consisting primarily of an interest in a pool of conventional one- to four-family fixed and adjustable rate, first lien mortgage loans (the "Mortgage Loans"), formed and sold by Residential Asset Mortgage Products, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant the Pooling and Servicing Agreement dated as of December 1, 2002 (the "Agreement") among the Depositor, the Master Servicer and Deutsche Bank Trust Company Americas, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing as described in the Agreement, to the Person in whose name this Certificate is registered at the close of business on the last day (or if such last day is not a Business Day, the Business Day immediately preceding such last day) of the month immediately preceding the month of such distribution (the "Record Date"), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount of interest [and principal], if any, required to be distributed to Holders of Class [A-I-_][A-II][A-III] Certificates on such Distribution Date. Distributions on this Certificate will be made either by the Master Servicer acting on behalf of the Trustee or by a Paying Agent appointed by the Trustee in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Master Servicer or such Paying Agent, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Initial [Certificate Principal Balance] [Notional Amount] of this Certificate is set forth above. [The Certificate Principal Balance hereof will be reduced to the extent of distributions allocable to principal and any Realized Losses allocable hereto.] This Certificate is one of a duly authorized issue of Certificates issued in several Classes A-1-3 designated as Mortgage Asset-Backed Pass-Through Certificates of the Series specified hereon (herein collectively called the "Certificates"). The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event Master Servicer funds are advanced with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders. As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Depositor and the Master Servicer of advances made, or certain expenses incurred, by either of them. The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Depositor, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66% of the Percentage Interests of each Class of Certificates affected thereby. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee in the City and State of New York, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as A-1-4 requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. The Depositor, the Master Servicer, the Trustee and the Certificate Registrar and any agent of the Depositor, the Master Servicer, the Trustee or the Certificate Registrar may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Depositor, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary. This Certificate shall be governed by and construed in accordance with the laws of the State of New York. The obligations created by the Agreement in respect of the Certificates and the Trust Fund created thereby shall terminate upon the payment to Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the maturity or other liquidation of the last related Mortgage Loan subject thereto or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any related Mortgage Loan and (ii) the purchase by the Master Servicer from the Trust Fund of all remaining related Mortgage Loans and all property acquired in respect of such Mortgage Loans, thereby effecting early retirement of the related Certificates. The Agreement permits, but does not require, the Master Servicer to (i) purchase at a price determined as provided in the Agreement all remaining related Mortgage Loans and all property acquired in respect of any related Mortgage Loan or (ii) purchase in whole, but not in part, all of the related Certificates from the Holders thereof; provided, that any such option may only be exercised if the aggregate Stated Principal Balance of the related Mortgage Loans as of the Distribution Date upon which the proceeds of any such purchase are distributed is less than ten percent of the aggregate Cut-off Date Principal Balance of the related Mortgage Loans. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Certificate Registrar, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. A-1-5 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed. Dated: December 27, 2002 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee By:________________________ Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Class [A-I-_][A-II][A-III] Certificates referred to in the within- mentioned Agreement. DEUTSCHE BANK TRUST COMPANY AMERICAS, as Certificate Registrar By:__________________________ Authorized Signatory A-1-6 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Asset- Backed Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund. I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address: Dated:____________________ _______________________________________ Signature by or on behalf of assignor ______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _________________________ for the account of _________________________ account number ________________________, or, if mailed by check, to ______________________. Applicable statements should be mailed to ______________________________. This information is provided by _____________, the assignee named above, or ________________, as its agent. A-1-7 EXHIBIT A-2 FORM OF CLASS AP-[_] CERTIFICATE SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO DEPOSITOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. A-2-1 Certificate No. 1 0.00% Pass-Through Rate Class AP-[_] Senior Date of Pooling and Servicing Percentage Interest: 100% Agreement and Cut-off Date: December 1, 2002 First Distribution Date: Aggregate Initial Certificate January 27, 2003 Principal Balance of the Class AP-[_] Certificates: $[_________________] Master Servicer: Initial Certificate Principal Residential Funding Corporation Balance of this Certificate: $[______________] Final Scheduled Distribution Date: CUSIP [___________] [__________________] Maturity Date: [__________________] MORTGAGE PASS-THROUGH CERTIFICATE SERIES 2002-RM1 evidencing a percentage interest in the distributions allocable to the Class AP-[_] Certificates with respect to a Trust Fund consisting primarily of a pool of conventional one- to four-family fixed and adjustable rate, first lien mortgage loans formed and sold by RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC. This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC., the Master Servicer, the Trustee referred to below or GMAC Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Residential Asset Mortgage Products, Inc., the Master Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates. None of Residential Asset Mortgage Products, Inc., the Master Servicer, GMAC Mortgage Group, Inc. or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. A-2-2 This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Initial Certificate Principal Balance of this Certificate by the aggregate Initial Certificate Principal Balance of all Class AP-[_] Certificates, both as specified above) in certain distributions with respect to the Trust Fund consisting primarily of an interest in a pool of conventional one- to four-family fixed and adjustable rate, first lien mortgage loans (the "Mortgage Loans"), formed and sold by Residential Asset Mortgage Products, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant the Pooling and Servicing Agreement dated as of December 1, 2002 (the "Agreement") among the Depositor, the Master Servicer and Deutsche Bank Trust Company Americas as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing as described in the Agreement, to the Person in whose name this Certificate is registered at the close of business on the last day (or if such last day is not a Business Day, the Business Day immediately preceding such last day) of the month immediately preceding the month of such distribution (the "Record Date"), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount of principal, if any, required to be distributed to Holders of Class AP-[_] Certificates on such Distribution Date. Distributions on this Certificate will be made either by the Master Servicer acting on behalf of the Trustee or by a Paying Agent appointed by the Trustee in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Master Servicer or such Paying Agent, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Initial Certificate Principal Balance of this Certificate is set forth above. The Certificate Principal Balance hereof will be reduced to the extent of distributions allocable to principal and any Realized Losses allocable hereto. This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Asset-Backed Pass-Through Certificates of the Series specified hereon (herein collectively called the "Certificates"). A-2-3 The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event Master Servicer funds are advanced with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders. As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Depositor and the Master Servicer of advances made, or certain expenses incurred, by either of them. The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Depositor, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66% of the Percentage Interests of each Class of Certificates affected thereby. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee in the City and State of New York, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the A-2-4 Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. The Depositor, the Master Servicer, the Trustee and the Certificate Registrar and any agent of the Depositor, the Master Servicer, the Trustee or the Certificate Registrar may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Depositor, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary. This Certificate shall be governed by and construed in accordance with the laws of the State of New York. The obligations created by the Agreement in respect of the Certificates and the Trust Fund created thereby shall terminate upon the payment to Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the maturity or other liquidation of the last related Mortgage Loan subject thereto or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any related Mortgage Loan and (ii) the purchase by the Master Servicer from the Trust Fund of all remaining related Mortgage Loans and all property acquired in respect of such Mortgage Loans, thereby effecting early retirement of the related Certificates. The Agreement permits, but does not require, the Master Servicer to (i) purchase at a price determined as provided in the Agreement all remaining related Mortgage Loans and all property acquired in respect of any related Mortgage Loan or (ii) purchase in whole, but not in part, all of the related Certificates from the Holders thereof; provided, that any such option may only be exercised if the aggregate Stated Principal Balance of the related Mortgage Loans as of the Distribution Date upon which the proceeds of any such purchase are distributed is less than ten percent of the aggregate Cut-off Date Principal Balance of the related Mortgage Loans. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Certificate Registrar, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. A-2-5 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed. Dated: December 27, 2002 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee By:________________________ Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Class AP-[_] Certificates referred to in the within-mentioned Agreement. DEUTSCHE BANK TRUST COMPANY AMERICAS, as Certificate Registrar By:____________________________ Authorized Signatory A-2-6 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Asset- Backed Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund. I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address: Dated:____________________ _______________________________________ Signature by or on behalf of assignor ______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _________________________ for the account of _________________________ account number ________________________, or, if mailed by check, to ______________________. Applicable statements should be mailed to ______________________________. This information is provided by _____________, the assignee named above, or ________________, as its agent. A-2-7 EXHIBIT A-3 FORM OF CLASS AV- [__] CERTIFICATE SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO DEPOSITOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. A-3-1 Certificate No. 1 Variable Pass-Through Rate Class AV-[__] Senior Percentage Interest: 100% Date of Pooling and Servicing Agreement and Cut-off Date: December 1, 2002 First Distribution Date: Aggregate Initial Notional Amount of the January 27, 2003 Class AV-[__] Certificates: $[____________] Master Servicer: Initial Notional Amount of this Certificate: Residential Funding Corporation $[____________] Final Scheduled Distribution Date: CUSIP [___________] [______________] Maturity Date: [______________] MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE SERIES 2002-RM1 evidencing a percentage interest in the distributions allocable to the Class AV- [__] Certificates with respect to a Trust Fund consisting primarily of a pool of conventional one- to four-family fixed and adjustable rate, first lien mortgage loans formed and sold by RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC. This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC., the Master Servicer, the Trustee referred to below or GMAC Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Residential Asset Mortgage Products, Inc., the Master Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates. None of Residential Asset Mortgage Products, Inc., the Master Servicer, GMAC Mortgage Group, Inc. or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Initial Notional Amount of this Certificate by the aggregate Initial Notional Amount of all Class AV-[__] Certificates) in certain distributions with respect to the Trust Fund consisting primarily of an interest in a pool of conventional one- to A-3-2 four-family fixed and adjustable rate, first lien mortgage loans (the "Mortgage Loans"), formed and sold by Residential Asset Mortgage Products, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant the Pooling and Servicing Agreement dated as of December 1, 2002 (the "Agreement") among the Depositor, the Master Servicer and Deutsche Bank Trust Company Americas, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing as described in the Agreement, to the Person in whose name this Certificate is registered at the close of business on the last day (or if such last day is not a Business Day, the Business Day immediately preceding such last day) of the month immediately preceding the month of such distribution (the "Record Date"), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount of interest, if any, required to be distributed to Holders of Class AV-[__] Certificates on such Distribution Date. The Notional Amount of the Class AV-[__] Certificates as of any date of determination is equal to the aggregate Stated Principal Balance of the Mortgage Loans corresponding to the Uncertificated REMIC Regular Interests represented by such Class AV-[__] Certificates. The Class AV-[__] Certificates have no Certificate Principal Balance. Distributions on this Certificate will be made either by the Master Servicer acting on behalf of the Trustee or by a Paying Agent appointed by the Trustee in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Master Servicer or such Paying Agent, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Notional Amount of this Certificate is set forth above. This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Asset-Backed Pass-Through Certificates of the Series specified hereon (herein collectively called the "Certificates"). The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In A-3-3 the event Master Servicer funds are advanced with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders. As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Depositor and the Master Servicer of advances made, or certain expenses incurred, by either of them. The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Depositor, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66% of the Percentage Interests of each Class of Certificates affected thereby. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee in the City and State of New York, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. A-3-4 The Depositor, the Master Servicer, the Trustee and the Certificate Registrar and any agent of the Depositor, the Master Servicer, the Trustee or the Certificate Registrar may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Depositor, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary. This Certificate shall be governed by and construed in accordance with the laws of the State of New York. The obligations created by the Agreement in respect of the Certificates and the Trust Fund created thereby shall terminate upon the payment to Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the maturity or other liquidation of the last related Mortgage Loan subject thereto or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any related Mortgage Loan and (ii) the purchase by the Master Servicer from the Trust Fund of all remaining related Mortgage Loans and all property acquired in respect of such Mortgage Loans, thereby effecting early retirement of the related Certificates. The Agreement permits, but does not require, the Master Servicer to (i) purchase at a price determined as provided in the Agreement all remaining related Mortgage Loans and all property acquired in respect of any related Mortgage Loan or (ii) purchase in whole, but not in part, all of the related Certificates from the Holders thereof; provided, that any such option may only be exercised if the aggregate Stated Principal Balance of the related Mortgage Loans as of the Distribution Date upon which the proceeds of any such purchase are distributed is less than ten percent of the aggregate Cut-off Date Principal Balance of the related Mortgage Loans. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon has been executed by the Certificate Registrar, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. A-3-5 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed. Dated: December 27, 2002 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee By:______________________ Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Class AV-[__] Certificates referred to in the within-mentioned Agreement. DEUTSCHE BANK TRUST COMPANY AMERICAS, as Certificate Registrar By:______________________________ Authorized Signatory A-3-6 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Asset- Backed Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund. I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address: Dated:____________________ _______________________________________ Signature by or on behalf of assignor ______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _________________________ for the account of _________________________ account number ________________________, or, if mailed by check, to ______________________. Applicable statements should be mailed to ______________________________. This information is provided by _____________, the assignee named above, or ________________, as its agent. A-3-7 EXHIBIT B FORM OF CLASS M-[_-_] CERTIFICATE THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE RELATED SENIOR CERTIFICATES [AND CLASS M-[__-__] CERTIFICATES] AS DESCRIBED IN THE AGREEMENT (AS DEFINED BELOW). SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO DEPOSITOR OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. ANY TRANSFEREE OF THIS CERTIFICATE WILL BE DEEMED TO HAVE REPRESENTED BY VIRTUE OF ITS PURCHASE OR HOLDING OF THIS CERTIFICATE (OR INTEREST HEREIN) THAT EITHER (A) SUCH TRANSFEREE IS NOT AN INVESTMENT MANAGER, A NAMED FIDUCIARY OR A TRUSTEE OF ANY PLAN) ACTING, DIRECTLY OR INDIRECTLY, ON BEHALF OF OR PURCHASING ANY CERTIFICATE WITH "PLAN ASSETS" OF ANY PLAN (A "PLAN INVESTOR"), (B) IT HAS ACQUIRED AND IS HOLDING SUCH CERTIFICATE IN RELIANCE ON PROHIBITED TRANSACTION EXEMPTION ("PTE") 94-29, 59 FED. REG. 14674 (MARCH 29, 1994), AS AMENDED BY PTE 97-34, 62 FED. REG. 39021 (JULY 21, 1997), AND PTE 2000-58, 65 FED. REG. 67765 (NOVEMBER 13, 2000) (THE "RFC EXEMPTION"), AND THAT IT UNDERSTANDS THAT THERE ARE CERTAIN CONDITIONS TO THE AVAILABILITY OF THE RFC EXEMPTION INCLUDING THAT SUCH CERTIFICATE MUST BE RATED, AT THE TIME OF PURCHASE, NOT LOWER THAN "BBB-" (OR ITS EQUIVALENT) BY STANDARD & POOR'S, FITCH OR MOODY'S OR (C)(I) THE TRANSFEREE IS AN INSURANCE COMPANY, (II) THE SOURCE OF FUNDS TO BE USED BY IT TO PURCHASE THE CERTIFICATE IS AN "INSURANCE COMPANY GENERAL ACCOUNT" (WITHIN THE MEANING OF U.S. DEPARTMENT OF LABOR PROHIBITED TRANSACTION CLASS EXEMPTION ("PTCE") 95-60), AND (III) THE CONDITIONS SET FORTH IN SECTIONS I AND III OF B-1 PTCE 95-60 HAVE BEEN SATISFIED (EACH ENTITY THAT SATISFIES THIS CLAUSE (C), A "COMPLYING INSURANCE COMPANY"). IF THIS CERTIFICATE (OR ANY INTEREST HEREIN) IS ACQUIRED OR HELD IN VIOLATION OF THE PROVISIONS OF THE PRECEDING PARAGRAPH, THEN THE LAST PRECEDING TRANSFEREE THAT EITHER (I) IS NOT A PLAN INVESTOR, (II) ACQUIRED SUCH CERTIFICATE IN COMPLIANCE WITH THE RFC EXEMPTION OR (III) IS A COMPLYING INSURANCE COMPANY SHALL BE RESTORED, TO THE EXTENT PERMITTED BY LAW, TO ALL RIGHTS AND OBLIGATIONS AS CERTIFICATE OWNER THEREOF RETROACTIVE TO THE DATE OF SUCH TRANSFER OF THIS CERTIFICATE. THE TRUSTEE SHALL BE UNDER NO LIABILITY TO ANY PERSON FOR MAKING ANY PAYMENTS DUE ON THIS CERTIFICATE TO SUCH PRECEDING TRANSFEREE. ANY PURPORTED CERTIFICATE OWNER WHOSE ACQUISITION OR HOLDING OF THIS CERTIFICATE (OR INTEREST HEREIN) WAS EFFECTED IN VIOLATION OF THE RESTRICTIONS IN SECTION 5.02(F) OF THE POOLING AND SERVICING AGREEMENT SHALL INDEMNIFY AND HOLD HARMLESS THE DEPOSITOR, THE TRUSTEE, THE MASTER SERVICER, ANY SUBSERVICER, AND THE TRUST FUND FROM AND AGAINST ANY AND ALL LIABILITIES, CLAIMS, COSTS OR EXPENSES INCURRED BY SUCH PARTIES AS A RESULT OF SUCH ACQUISITION OR HOLDING. B-2 Certificate No. 1 [___]% Pass-Through Rate Class M-[_-_] Mezzanine Percentage Interest: 100% Date of Pooling and Servicing Aggregate Certificate Principal Agreement and Cut-off Date: Balance of the Class M-[_-_] December 1, 2002 Certificates: $[_______________] First Distribution Date: Initial Certificate Principal January 27, 2003 Balance of this Certificate: $[________________] Master Servicer: Residential Funding Corporation Final Scheduled Distribution Date: [______________] Maturity Date: [______________] CUSIP [___________] MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATE, Series 2002-RM1 evidencing a percentage interest in the distributions allocable to the Class M-[_-_] Certificates with respect to a Trust Fund consisting primarily of a pool of conventional one- to four-family fixed and adjustable rate, first lien mortgage loans formed and sold by RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC. This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC., the Master Servicer, the Trustee referred to below or GMAC Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Residential Asset Mortgage Products, Inc., the Master Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates. None of Residential Asset Mortgage Products, Inc., the Master Servicer, GMAC Mortgage Group, Inc. or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. B-3 This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Certificate Principal Balance of this Certificate by the aggregate Certificate Principal Balance of all Class M-[_-_] Certificates, both as specified above) in certain distributions with respect to a Trust Fund consisting primarily of a pool of conventional one- to four-family fixed and adjustable rate, first lien mortgage loans (the "Mortgage Loans"), formed and sold by Residential Asset Mortgage Products, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant the Pooling and Servicing Agreement dated as of December 1, 2002 (the "Agreement") among the Depositor, the Master Servicer and Deutsche Bank Trust Company Americas, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing as described in the Agreement, to the Person in whose name this Certificate is registered at the close of business on the last day (or if such last day is not a Business Day, the Business Day immediately preceding such last day) of the month immediately preceding the month of such distribution (the "Record Date"), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount (of interest and principal, if any) required to be distributed to Holders of Class M-[_-_] Certificates on such Distribution Date. Distributions on this Certificate will be made either by the Master Servicer acting on behalf of the Trustee or by a Paying Agent appointed by the Trustee in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Master Servicer or such Paying Agent, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Initial Certificate Principal Balance of this Certificate is set forth above. The Certificate Principal Balance hereof will be reduced to the extent of the distributions allocable to principal and any Realized Losses allocable hereto. As described above, any transferee of this Certificate will be deemed to have represented by virtue of its purchase or holding of this Certificate (or interest herein) that either (A) such transferee is not a Plan Investor, (B) it has acquired and is holding this Certificate in reliance on the RFC Exemption and that it understands that there are certain conditions to the availability of the RFC Exemption including that this Certificate must be rated, at the time of purchase, not lower than B-4 "BBB-" (or its equivalent) by Standard & Poor's, Fitch or Moody's or (C) the transferee is a Complying Insurance Company. In addition, any purported Certificate Owner whose acquisition or holding of this Certificate (or interest herein) was effected in violation of the restrictions in Section 5.02(f) of the Agreement shall indemnify and hold harmless the Depositor, the Trustee, the Master Servicer, any Subservicer, and the Trust Fund from and against any and all liabilities, claims, costs or expenses incurred by such parties as a result of such acquisition or holding. This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Asset-Backed Pass-Through Certificates of the Series specified hereon (herein collectively called the "Certificates"). The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event Master Servicer funds are advanced with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders. As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Depositor and the Master Servicer of advances made, or certain expenses incurred, by either of them. The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Depositor, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66% of the Percentage Interests of each Class of Certificates affected thereby. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee in the City and State of New York, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees. B-5 The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. The Depositor, the Master Servicer, the Trustee and the Certificate Registrar and any agent of the Depositor, the Master Servicer, the Trustee or the Certificate Registrar may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Depositor, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary. This Certificate shall be governed by and construed in accordance with the laws of the State of New York. The obligations created by the Agreement in respect of the Certificates and the Trust Fund created thereby shall terminate upon the payment to Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the maturity or other liquidation of the last related Mortgage Loan subject thereto or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any related Mortgage Loan and (ii) the purchase by the Master Servicer from the Trust Fund of all remaining related Mortgage Loans and all property acquired in respect of such Mortgage Loans, thereby effecting early retirement of the related Certificates. The Agreement permits, but does not require, the Master Servicer to (i) purchase at a price determined as provided in the Agreement all remaining related Mortgage Loans and all property acquired in respect of any related Mortgage Loan or (ii) purchase in whole, but not in part, all of the related Certificates from the Holders thereof; provided, that any such option may only be exercised if the aggregate Stated Principal Balance of the related Mortgage Loans as of the Distribution Date upon which the proceeds of any such purchase are distributed is less than ten percent of the aggregate Cut-off Date Principal Balance of the related Mortgage Loans. Unless the certificate of authentication hereon has been executed by the Certificate Registrar, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. B-6 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed. Dated: December 27, 2002 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee By:_________________________ Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Class M [_-_] Certificates referred to in the within-mentioned Agreement. DEUTSCHE BANK TRUST COMPANY AMERICAS, as Certificate Registrar By:___________________________ Authorized Signatory B-7 EXHIBIT C FORM OF CLASS B-[_-_] CERTIFICATE THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE RELATED SENIOR CERTIFICATES [AND] [,] RELATED CLASS M CERTIFICATES [AND RELATED CLASS B-[__-__] CERTIFICATES] DESCRIBED IN THE AGREEMENT (AS DEFINED HEREIN). THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE RESOLD OR TRANSFERRED UNLESS IT IS REGISTERED PURSUANT TO SUCH ACT AND LAWS OR IS SOLD OR TRANSFERRED IN TRANSACTIONS WHICH ARE EXEMPT FROM REGISTRATION UNDER SUCH ACT AND UNDER APPLICABLE STATE LAW AND IS TRANSFERRED IN ACCORDANCE WITH THE PROVISIONS OF SECTION 5.02 OF THE AGREEMENT. NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 5.02(E) OF THE AGREEMENT OR AN OPINION OF COUNSEL SATISFACTORY TO THE MASTER SERVICER, THE DEPOSITOR AND THE TRUSTEE THAT THE PURCHASE OF THIS CERTIFICATE WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE MASTER SERVICER, THE COMPANY OR THE TRUSTEE TO ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT. C-1 Certificate No. 1 [__]% Pass-Through Rate Class B-[_-_] Subordinate Date of Pooling and Servicing Percentage Interest: 100% Agreement and Cut-off Date: December 1, 2002 First Distribution Date: Aggregate Initial Certificate January 27, 2003 Principal Balance of the Class B-[_-_] Certificates: $_________________ Master Servicer: Initial Certificate Principal Residential Funding Corporation Balance of this Certificate: $_________________ Final Scheduled Distribution Date: --------------------- Maturity Date: CUSIP: _________________ --------------------- MORTGAGE PASS-THROUGH CERTIFICATE SERIES 2002-RM1 evidencing a percentage interest in the distributions allocable to the Class B-[_-_] Certificates with respect to a Trust Fund consisting primarily of a pool of conventional one- to four-family fixed and adjustable rate, first lien mortgage loans formed and sold by Residential Asset Mortgage Products, Inc. This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Residential Asset Mortgage Products, Inc.., the Master Servicer, the Trustee referred to below or GMAC Mortgage Group, Inc. or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Residential Asset Mortgage Products, Inc.., the Master Servicer, the Trustee or GMAC Mortgage Group, Inc. or any of their affiliates. None of the Depositor, the Master Servicer, GMAC Mortgage Group, Inc. or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. C-2 This certifies that [_______________] is the registered owner of the Percentage Interest evidenced by this Certificate (obtained by dividing the Initial Certificate Principal Balance of this Certificate by the aggregate Initial Certificate Principal Balance of all Class B-[_-_] Certificates, both as specified above) in certain distributions with respect to the Trust Fund consisting primarily of an interest in a pool of conventional one- to four-family fixed and adjustable rate, first lien mortgage loans (the "Mortgage Loans"), formed and sold by Residential Asset Mortgage Products, Inc.. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to the Pooling and Servicing Agreement dated as of December 1, 2002 (together, the "Pooling and Servicing Agreement" or the "Agreement") among the Depositor, Deutsche Bank Trust Company Americas as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the last day (or if such last day is not a Business Day, the Business Day immediately preceding such last day) of the month next preceding the month of such distribution (the "Record Date"), from the Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount (of interest and principal, if any) required to be distributed to Holders of Class B Certificates on such Distribution Date. Distributions on this Certificate will be made either by the Master Servicer acting on behalf of the Trustee or by a Paying Agent appointed by the Trustee in immediately available funds (by wire transfer or otherwise) for the account of the Person entitled thereto if such Person shall have so notified the Master Servicer or such Paying Agent, or by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register. Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Initial Certificate Principal Balance of this Certificate is set forth above. The Certificate Principal Balance hereof will be reduced to the extent of the distributions allocable to principal and any Realized Losses allocable hereto. No transfer of this Class B Certificate will be made unless such transfer is exempt from the registration requirements of the Securities Act of 1933, as amended, and any applicable state securities laws or is made in accordance with said Act and laws. In the event that such a transfer is to be made, (i) the Trustee or the Depositor may require an opinion of counsel acceptable to and in C-3 form and substance satisfactory to the Trustee and the Depositor that such transfer is exempt (describing the applicable exemption and the basis therefor) from or is being made pursuant to the registration requirements of the Securities Act of 1933, as amended, and of any applicable statute of any state and (ii) the transferee shall execute an investment letter in the form described by Section 5.02(d) of the Agreement. The Holder hereof desiring to effect such transfer shall, and does hereby agree to, indemnify the Trustee, the Depositor, the Master Servicer and the Certificate Registrar acting on behalf of the Trustee against any liability that may result if the transfer is not so exempt or is not made in accordance with such Federal and state laws. In connection with any such transfer, the Trustee will also require either (i) an opinion of counsel acceptable to and in form and substance satisfactory to the Trustee, the Depositor and the Master Servicer with respect to the permissibility of such transfer under the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and Section 4975 of the Internal Revenue Code (the "Code") and stating, among other things, that the transferee's acquisition of a Class B Certificate will not constitute or result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or (ii) a representation letter, in the form as described by the Agreement, either stating that the transferee is not an employee benefit or other plan subject to the prohibited transaction provisions of ERISA or Section 4975 of the Code (a "Plan"), or any other person (including an investment manager, a named fiduciary or a trustee of any Plan) acting, directly or indirectly, on behalf of or purchasing any Certificate with "plan assets" of any Plan, or stating that the transferee is an insurance company, the source of funds to be used by it to purchase the Certificate is an "insurance company general account" (within the meaning of Department of Labor Prohibited Transaction Class Exemption ("PTCE") 95-60), and the purchase is being made in reliance upon the availability of the exemptive relief afforded under Sections I and III of PTCE 95-60. This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Asset-Backed Pass-Through Certificates of the Series specified hereon (herein collectively called the "Certificates"). The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event Master Servicer funds are advanced with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders. As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Depositor and the Master Servicer of advances made, or certain expenses incurred, by either of them. The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Depositor, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement at any time by the C-4 Depositor, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66% of the Percentage Interests of each Class of Certificates affected thereby. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies appointed by the Trustee in the City and State of New York, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. The Depositor, the Master Servicer, the Trustee and the Certificate Registrar and any agent of the Depositor, the Master Servicer, the Trustee or the Certificate Registrar may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Depositor, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary. This Certificate shall be governed by and construed in accordance with the laws of the State of New York. The obligations created by the Agreement in respect of the Certificates and the Trust Fund created thereby shall terminate upon the payment to Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the maturity or other liquidation of the last related Mortgage Loan subject thereto or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any related Mortgage Loan and (ii) the purchase by the Master Servicer from the Trust Fund of all remaining C-5 related Mortgage Loans and all property acquired in respect of such Mortgage Loans, thereby effecting early retirement of the related Certificates. The Agreement permits, but does not require, the Master Servicer to (i) purchase at a price determined as provided in the Agreement all remaining related Mortgage Loans and all property acquired in respect of any related Mortgage Loan or (ii) purchase in whole, but not in part, all of the related Certificates from the Holders thereof; provided, that any such option may only be exercised if the aggregate Stated Principal Balance of the related Mortgage Loans as of the Distribution Date upon which the proceeds of any such purchase are distributed is less than ten percent of the aggregate Cut-off Date Principal Balance of the related Mortgage Loans. Unless the certificate of authentication hereon has been executed by the Certificate Registrar, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. C-6 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed. Dated: December 27, 2002 DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee By:____________________ Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Class B-[_-_] Certificates referred to in the within-mentioned Agreement. DEUTSCHE BANK TRUST COMPANY AMERICAS, as Certificate Registrar By:_________________________ Authorized Signatory C-7 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Asset- Backed Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund. I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address: Dated:____________________ _______________________________________ Signature by or on behalf of assignor ______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _________________________ for the account of _________________________ account number ________________________, or, if mailed by check, to ______________________. Applicable statements should be mailed to ______________________________. This information is provided by _____________, the assignee named above, or ________________, as its agent. C-8 EXHIBIT D FORM OF CLASS [R-I][R-II][R-III][R-IV] CERTIFICATE THE CLASS [R-I][R-II][R-III][R-IV] CERTIFICATE WILL NOT BE ENTITLED TO PAYMENTS CONSTITUTING THE AVAILABLE DISTRIBUTION AMOUNT UNTIL SUCH TIME AS DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN (THE "AGREEMENT"). THIS CERTIFICATE MAY NOT BE HELD BY OR TRANSFERRED TO A NON-UNITED STATES PERSON OR A DISQUALIFIED ORGANIZATION (AS DEFINED BELOW). SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"). NO TRANSFER OF THIS CERTIFICATE MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 5.02(E) OF THE AGREEMENT OR AN OPINION OF COUNSEL SATISFACTORY TO THE MASTER SERVICER, THE DEPOSITOR AND THE TRUSTEE THAT THE PURCHASE OF THIS CERTIFICATE WILL NOT CONSTITUTE OR RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA"), OR SECTION 4975 OF THE CODE AND WILL NOT SUBJECT THE MASTER SERVICER, THE DEPOSITOR OR THE TRUSTEE TO ANY OBLIGATION OR LIABILITY IN ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT. ANY RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY IF THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE MASTER SERVICER AND THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT (A) THE UNITED STATES, ANY STATE OR POLITICAL SUBDIVISION THEREOF, ANY FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION, OR ANY AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING, (B) ANY ORGANIZATION (OTHER THAN A COOPERATIVE DESCRIBED IN SECTION 521 OF THE CODE) WHICH IS. EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE, (C) ANY ORGANIZATION DESCRIBED IN SECTION 1381(A)(2)(C) OF THE CODE, (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A), (B) OR (C) BEING HEREIN REFERRED TO AS A "DISQUALIFIED ORGANIZATION") OR (D) AN AGENT OF A DISQUALIFIED ORGANIZATION, (2) NO PURPOSE OF SUCH TRANSFER IS TO D-1 IMPEDE THE ASSESSMENT OR COLLECTION OF TAX AND (3) SUCH TRANSFEREE SATISFIES CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE PROPOSED TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE REGISTER OR ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO A DISQUALIFIED ORGANIZATION OR AN AGENT OF A DISQUALIFIED ORGANIZATION, SUCH REGISTRATION SHALL BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL NOT BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER OF THIS CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH. D-2 Certificate No. __ [___]% Pass Through Rate Class [R-I][R-II][R-III][R-IV] Date of Pooling and Servicing Percentage Interest: [___]% Agreement and Cut-off Date: December 1, 2002 First Distribution Date: Aggregate Initial Certificate Principal January 27, 2003 Balance of the Class R-IV Certificate: $______________ Master Servicer: Initial Certificate Principal Residential Funding Corporation Balance of this Certificate: $____ Final Scheduled Distribution Date: _______________ Maturity Date: ________________ CUSIP _______________ MORTGAGE ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 2002-RM1 evidencing a percentage interest in any distributions allocable to the Class [R-I][R-II][R-III][R-IV] Certificates with respect to the Trust Fund consisting primarily of a pool of conventional one- to four-family fixed and adjustable interest rate, first lien mortgage loans sold by RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC. This Certificate is payable solely from the assets of the Trust Fund and does not represent an obligation of or interest in Residential Asset Mortgage Products, Inc., the Master Servicer, the Trustee referred to below or any of their affiliates. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental agency or instrumentality or by Residential Asset Mortgage Products, Inc., the Master Servicer, the Trustee or any of their affiliates. None of Residential Asset Mortgage Products, Inc., the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. This certifies that [_______________________] is the registered owner of the Percentage Interest evidenced by this Certificate in certain distributions with respect to the Trust Fund consisting primarily of a pool of conventional one- to four-family fixed and adjustable interest rate, first lien mortgage loans (the "Mortgage Loans"), sold by Residential Asset Mortgage Products, Inc. D-3 (hereinafter called the "Depositor," which term includes any successor entity under the Agreement referred to below). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the "Agreement) among the Depositor, the Master Servicer and Deutsche Bank Trust Company Americas, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing as described in the Agreement, to the Person in whose name this Certificate is registered at the close of business on the last day (or if such last day is not a Business Day, the Business Day immediately preceding such last day) of the month immediately preceding the month of such distribution (the "Record Date"), from the related Available Distribution Amount in an amount equal to the product of the Percentage Interest evidenced by this Certificate and, the amount of interest and principal, if any, required to be distributed to Holders of Class R Certificates on such Distribution Date. Each Holder of this Certificate will be deemed to have agreed to be bound by the restrictions set forth in the Agreement to the effect that (i) each person holding or acquiring any Ownership Interest in this Certificate must be a United States Person and a Permitted Transferee, (ii) the transfer of any Ownership Interest in this Certificate will be conditioned upon the delivery to the Trustee of, among other things, an affidavit to the effect that it is a United States Person and Permitted Transferee, (ii) any attempted or purported transfer of any Ownership Interest in this Certificate in violation of such restrictions will be absolutely null and void and will vest no rights in the purported transferee, and (iv) if any person other than a United States Person and a Permitted Transferee acquires any Ownership Interest in this Certificate in violation of such restrictions, then the Master Servicer will have the right, in its sole discretion and without notice to the Holder of this Certificate, to sell this Certificate to a purchaser selected by the Master Servicer, which purchaser may be the Master Servicer, or any affiliate of the Master Servicer, on such terms and conditions as the Master Servicer may choose. Notwithstanding the above, the final distribution on this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose in the City and State of New York. The Holder of this Certificate may have additional obligations with respect to this Certificate, including tax liabilities. No transfer of this Certificate or any interest herein shall be made to any Plan subject to ERISA or Section 4975 of the Code, any Person acting, directly or indirectly, on behalf of any such Plan or any Person acquiring such Certificates with "plan assets" of a Plan within the meaning of the Department of Labor regulation promulgated at 29 C.F.R. ss.2510.3-101 ("Plan Assets") unless D-4 the Depositor, the Trustee and the Master Servicer are provided with an Opinion of Counsel which establishes to the satisfaction of the Depositor, the Trustee and the Master Servicer that the purchase of this Certificate is permissible under applicable law, will not constitute or result in any prohibited transaction under ERISA or Section 4975 of the Code and will not subject the Depositor, the Master Servicer, the Trustee or the Trust Fund to any obligation or liability (including obligations, or liabilities under ERISA or Section 4975 of the Code) in addition to those undertaken in the Agreement, which Opinion of Counsel shall not be an expense of the Depositor, the Master Servicer, the Trustee or the Trust Fund. In lieu of such Opinion of Counsel, a Plan, any Person acting directly or indirectly, on behalf of any such Plan or any Person acquiring this Certificate with Plan Assets of a Plan may provide a certification in the form of paragraph fourteen of Exhibit H-1 to the Agreement, which the Trustee may rely upon without further inquiry or investigation. This Certificate is one of a duly authorized issue of Certificates issued in several Classes designated as Mortgage Asset-Backed Pass-Through Certificates of the Series specified hereon (herein collectively called the "Certificates"). The Certificates are limited in right of payment to certain collections and recoveries respecting the Mortgage Loans, all as more specifically set forth herein and in the Agreement. In the event Master Servicer funds are advanced with respect to any Mortgage Loan, such advance is reimbursable to the Master Servicer, to the extent provided in the Agreement, from related recoveries on such Mortgage Loan or from other cash that would have been distributable to Certificateholders. As provided in the Agreement, withdrawals from the Custodial Account and/or the Certificate Account created for the benefit of Certificateholders and the Insurer may be made by the Master Servicer from time to time for purposes other than distributions to Certificateholders, such purposes including without limitation reimbursement to the Depositor and the Master Servicer of advances made, or certain expenses incurred, by either of them. The Agreement permits, with certain exceptions therein provided, the amendment of the Agreement and the modification of the rights and obligations of the Depositor, the Master Servicer and the Trustee and the rights of the Certificateholders under the Agreement from time to time by the Depositor, the Master Servicer and the Trustee with the consent of the Holders of Certificates evidencing in the aggregate not less than 66% of the Percentage Interests of each Class of Certificates affected thereby and the Insurer. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange herefor or in lieu hereof whether or not notation of such consent is made upon the Certificate. The Agreement also permits the amendment thereof in certain circumstances without the consent of the Holders of any of the Certificates and, in certain additional circumstances, without the consent of the Holders of certain Classes of Certificates. As provided in the Agreement and subject to certain limitations therein set forth, the transfer of this Certificate is registrable in the Certificate Register upon surrender of this Certificate for D-5 registration of transfer at the offices or agencies appointed by the Trustee in the City and State of New York, duly endorsed by, or accompanied by an assignment in the form below or other written instrument of transfer in form satisfactory to the Trustee and the Certificate Registrar duly executed by the Holder hereof or such Holder's attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons in Classes and in denominations specified in the Agreement. As provided in the Agreement and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same Class and aggregate Percentage Interest, as requested by the Holder surrendering the same. No service charge will be made for any such registration of transfer or exchange, but the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. The Depositor, the Master Servicer, the Trustee, the Certificate Registrar and any agent of the Depositor, the Master Servicer, the Trustee or the Certificate Registrar may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Depositor, the Master Servicer, the Trustee nor any such agent shall be affected by notice to the contrary. This Certificate shall be governed by and construed in accordance with the laws of the State of New York. The obligations created by the Agreement in respect of the Certificates and the Trust Fund created thereby shall terminate upon the payment to Certificateholders of all amounts held by or on behalf of the Trustee and required to be paid to them pursuant to the Agreement following the earlier of (i) the maturity or other liquidation of the last related Mortgage Loan subject thereto or the disposition of all property acquired upon foreclosure or deed in lieu of foreclosure of any related Mortgage Loan and (ii) the purchase by the Master Servicer from the Trust Fund of all remaining related Mortgage Loans and all property acquired in respect of such Mortgage Loans, thereby effecting early retirement of the related Certificates. The Agreement permits, but does not require, the Master Servicer to (i) purchase at a price determined as provided in the Agreement all remaining related Mortgage Loans and all property acquired in respect of any related Mortgage Loan or (ii) purchase in whole, but not in part, all of the related Certificates from the Holders thereof; provided, that any such option may only be exercised if the aggregate Stated Principal Balance of the related Mortgage Loans as of the Distribution Date upon which the proceeds of any such purchase are distributed is less than ten percent of the aggregate Cut-off Date Principal Balance of the related Mortgage Loans. Unless the certificate of authentication hereon has been executed by the Certificate Registrar, D-6 by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. D-7 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed. DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee By:_____________________________ Authorized Signatory Dated: December 27, 2002 CERTIFICATE OF AUTHENTICATION This is one of the Class R-[ ] Certificates referred to in the within-mentioned Agreement. DEUTSCHE BANK TRUST COMPANY AMERICAS, as Certificate Registrar By: _______________________________ Authorized Signatory D-8 ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto _________________________________ (Please print or typewrite name and address including postal zip code of assignee) a Percentage Interest evidenced by the within Mortgage Asset- Backed Pass-Through Certificate and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of the Trust Fund. I (We) further direct the Certificate Registrar to issue a new Certificate of a like denomination and Class, to the above named assignee and deliver such Certificate to the following address: Dated:____________________ _______________________________________ Signature by or on behalf of assignor ______________________________________ Signature Guaranteed DISTRIBUTION INSTRUCTIONS The assignee should include the following for purposes of distribution: Distributions shall be made, by wire transfer or otherwise, in immediately available funds to _________________________ for the account of _________________________ account number ________________________, or, if mailed by check, to ______________________. Applicable statements should be mailed to ______________________________. This information is provided by _____________, the assignee named above, or ________________, as its agent. D-9 EXHIBIT E FORM OF CUSTODIAL AGREEMENT THIS CUSTODIAL AGREEMENT (as amended and supplemented from time to time, the "Agreement"), dated as of December 1, 2002, by and among DEUTSCHE BANK TRUST COMPANY AMERICAS, as trustee (including its successors under the Pooling Agreement defined below, the "Trustee"), RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC., as company (together with any successor in interest, the "Company"), RESIDENTIAL FUNDING CORPORATION, as master servicer (together with any successor in interest or successor under the Pooling Agreement referred to below, the "Master Servicer") and WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, as custodian (together with any successor in interest or any successor appointed hereunder, the "Custodian"). W I T N E S S E T H T H A T: WHEREAS, the Company, the Master Servicer, and the Trustee have entered into a Pooling and Servicing Agreement, dated as of December 1, 2002, relating to the issuance of Residential Asset Mortgage Products, Inc., Mortgage Asset-Backed Pass-Through Certificates, Series 2002-RM1 (as in effect on the date of this Agreement, the "Original Pooling Agreement," and as amended and supplemented from time to time, the "Pooling Agreement"); and WHEREAS, the Custodian has agreed to act as agent for the Trustee for the purposes of receiving and holding certain documents and other instruments delivered by the Company and the Master Servicer under the Pooling Agreement, all upon the terms and conditions and subject to the limitations hereinafter set forth; NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements hereinafter set forth, the Trustee, the Company, the Master Servicer and the Custodian hereby agree as follows: ARTICLE I Definitions Capitalized terms used in this Agreement and not defined herein shall have the meanings assigned in the Original Pooling Agreement, unless otherwise required by the context herein. ARTICLE II Custody of Mortgage Documents Section 2.1 Custodian to Act as Agent; Acceptance of Mortgage Files. The Custodian, as E-1 the duly appointed agent of the Trustee for these purposes, acknowledges receipt of the Mortgage Files relating to the Mortgage Loans identified on the schedule attached hereto (the "Mortgage Files") and declares that it holds and will hold the Mortgage Files as agent for the Trustee, in trust, for the use and benefit of all present and future Certificateholders. Section 2.2 Recordation of Assignments. If any Mortgage File includes one or more assignments of the related Mortgages to the Trustee that have not been recorded, each such assignment shall be delivered by the Custodian to the Company for the purpose of recording it in the appropriate public office for real property records, and the Company, at no expense to the Custodian, shall promptly cause to be recorded in the appropriate public office for real property records each such assignment and, upon receipt thereof from such public office, shall return each such assignment to the Custodian. Section 2.3 Review of Mortgage Files. (a) On or prior to the Closing Date, the Custodian shall deliver to the Trustee an Initial Certification in the form annexed hereto as Exhibit One evidencing receipt of a Mortgage File for each Mortgage Loan listed on the Schedule attached hereto (the "Mortgage Loan Schedule"). The parties hereto acknowledge that certain documents referred to in Subsection 2.01(b)(i) of the Pooling Agreement may be missing on or prior to the Closing Date and such missing documents shall be listed as a Schedule to Exhibit One. (b) Within 45 days of the initial issuance of the Certificates, the Custodian agrees, for the benefit of Certificateholders, to review in accordance with the provisions of Section 2.02 of the Pooling Agreement each Mortgage File and to deliver to the Trustee an Interim Certification in the form annexed hereto as Exhibit Two to the effect that all documents required to be delivered pursuant to Section 2.01 (b) of the Pooling Agreement have been executed and received and that such documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule, except for any exceptions listed on Schedule A attached to such Interim Certification. For purposes of such review, the Custodian shall compare the following information in each Mortgage File to the corresponding information in the Mortgage Loan Schedule: (i) the loan number, (ii) the borrower name and (iii) the original principal balance. The Custodian shall be under no duty or obligation to inspect, review or examine said documents, instruments, certificates or other papers to determine that the same are genuine, enforceable, or appropriate for the represented purpose or that they have actually been recorded or that they are other than what they purport to be on their face, or that the MIN is accurate. If in performing the review required by this Section 2.3 the Custodian finds any document or documents constituting a part of a Mortgage File to be missing or defective in respect of the items reviewed as described in this Section 2.3(b), the Custodian shall promptly so notify the Company, the Master Servicer and the Trustee. (c) Upon receipt of all documents required to be in the Mortgage Files the Custodian shall deliver to the Trustee a Final Certification in the form annexed hereto as Exhibit Three evidencing the completeness of the Mortgage Files. E-2 Upon receipt of written request from the Trustee, the Company or the Master Servicer, the Custodian shall as soon as practicable supply the Trustee with a list of all of the documents relating to the Mortgage Loans required to be delivered pursuant to Section 2.01 (b) of the Pooling Agreement not then contained in the Mortgage Files. Section 2.4 Notification of Breaches of Representations and Warranties. If the Custodian discovers, in the course of performing its custodial functions, a breach of a representation or warranty made by the Master Servicer or the Company as set forth in the Pooling Agreement with respect to a Mortgage Loan relating to a Mortgage File, the Custodian shall give prompt written notice to the Company, the Master Servicer and the Trustee. Section 2.5 Custodian to Cooperate: Release of Mortgage Files. Upon the repurchase or substitution of any Mortgage Loan pursuant to Article II of the Pooling Agreement or payment in full of any Mortgage Loan, or the receipt by the Master Servicer of a notification that payment in full will be escrowed in a manner customary for such purposes, the Master Servicer shall immediately notify the Custodian by delivering to the Custodian a Request for Release (in the form of Exhibit Four attached hereto or a mutually acceptable electronic form) and shall request delivery to it of the Mortgage File. The Custodian agrees, upon receipt of such Request for Release, promptly to release to the Master Servicer the related Mortgage File. Upon written notification of a substitution, the Master Servicer shall deliver to the Custodian and the Custodian agrees to accept the Mortgage Note and other documents constituting the Mortgage File with respect to any Qualified Substitute Mortgage Loan, upon receiving written notification from the Master Servicer of such substitution. Upon receipt of a Request for Release from the Master Servicer, signed by a Servicing Officer, that (i) the Master Servicer or a Subservicer, as the case may be, has made a deposit into the Certificate Account in payment for the purchase of the related Mortgage Loan in an amount equal to the Purchase Price for such Mortgage Loan or (ii) the Company has chosen to substitute a Qualified Substitute Mortgage Loan for such Mortgage Loan, the Custodian shall release to the Master Servicer the related Mortgage File. From time to time as is appropriate for the servicing or foreclosures of any Mortgage Loan, including, for this purpose, collection under any Primary Insurance Policy or any Mortgage Pool Insurance Policy, the Master Servicer shall deliver to the Custodian a Request for Release certifying as to the reason for such release. Upon receipt of the foregoing, the Custodian shall deliver the Mortgage File or such document to the Master Servicer. The Master Servicer shall cause each Mortgage File or any document therein so released to be returned to the Custodian when the need therefor by the Master Servicer no longer exists, unless (i) the Mortgage Loan has been liquidated and the Liquidation Proceeds relating to the Mortgage Loan have been deposited in the Custodial Account or (ii) the Mortgage File or such document has been delivered to an attorney, or to a public trustee or other public official as required by law, for purposes of initiating or pursuing legal action or other proceedings for the foreclosure of the Mortgaged Property either judicially or non-judicially, E-3 and the Master Servicer has delivered to the Custodian an updated Request for Release signed by a Servicing Officer certifying as to the name and address of the Person to which such Mortgage File or such document was delivered and the purpose or purposes of such delivery. Immediately upon receipt of any Mortgage File returned to the Custodian by the Master Servicer, the Custodian shall deliver a signed acknowledgment to the Master Servicer, confirming receipt of such Mortgage File. Upon the request of the Master Servicer, the Custodian will send to the Master Servicer copies of any documents contained in the Mortgage File. Section 2.6 Assumption Agreements. In the event that any assumption agreement or substitution of liability agreement is entered into with respect to any Mortgage Loan subject to this Agreement in accordance with the terms and provisions of the Pooling Agreement, the Master Servicer shall notify the Custodian that such assumption or substitution agreement has been completed by forwarding to the Custodian the original of such assumption or substitution agreement, which shall be added to the related Mortgage File and, for all purposes, shall be considered a part of such Mortgage File to the same extent as all other documents and instruments constituting parts thereof. ARTICLE III Concerning the Custodian Section 3.1 Custodian a Bailee and Agent of the Trustee. With respect to each Mortgage Note, Mortgage and other documents constituting each Mortgage File which are delivered to the Custodian, the Custodian is exclusively the bailee and agent of the Trustee and has no instructions to hold any Mortgage Note or Mortgage for the benefit of any person other than the Trustee and the Certificateholders and undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. Except upon compliance with the provisions of Section 2.5 of this Agreement, no Mortgage Note, Mortgage or other document constituting a part of a Mortgage File shall be delivered by the Custodian to the Company or the Master Servicer or otherwise released from the possession of the Custodian. The Master Servicer shall promptly notify the Custodian in writing if it shall no longer be a member of MERS, or if it otherwise shall no longer be capable of registering and recording Mortgage Loans using MERS. In addition, the Master Servicer shall (i) promptly notify the Custodian in writing when a MERS Mortgage Loan is no longer registered with and recorded under MERS and (ii) concurrently with any such deregistration of a MERS Mortgage Loan, prepare, execute and record an original assignment from MERS to the Trustee and deliver such assignment to the Custodian. Section 3.2 Indemnification. The Company hereby agrees to indemnify and hold the Custodian harmless from and against all claims, liabilities, losses, actions, suits or proceedings at law or in equity, or any other expenses, fees or charges of any character or nature, which the E-4 Custodian may incur or with which the Custodian may be threatened by reason of its acting as custodian under this Agreement, including indemnification of the Custodian against any and all expenses, including attorney's fees if counsel for the Custodian has been approved by the Company, and the cost of defending any action, suit or proceedings or resisting any claim. Notwithstanding the foregoing, it is specifically understood and agreed that in the event any such claim, liability, loss, action, suit or proceeding or other expense, fee or charge shall have been caused by reason of any negligent act, negligent failure to act or willful misconduct on the part of the Custodian, or which shall constitute a willful breach of its duties hereunder, the indemnification provisions of this Agreement shall not apply. Section 3.3 Custodian May Own Certificates. The Custodian in its individual or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Custodian. Section 3.4 Master Servicer to Pay Custodian's Fees and Expenses. The Master Servicer covenants and agrees to pay to the Custodian from time to time, and the Custodian shall be entitled to, reasonable compensation for all services rendered by it in the exercise and performance of any of the powers and duties hereunder of the Custodian, and the Master Servicer will pay or reimburse the Custodian upon its request for all reasonable expenses, disbursements and advances incurred or made by the Custodian in accordance with any of the provisions of this Agreement (including the reasonable compensation and the expenses and disbursements of its counsel and of all persons not regularly in its employ), except any such expense, disbursement or advance as may arise from its negligence or bad faith. Section 3.5 Custodian May Resign; Trustee May Remove Custodian. The Custodian may resign from the obligations and duties hereby imposed upon it as such obligations and duties relate to its acting as Custodian of the Mortgage Loans. Upon receiving such notice of resignation, the Trustee shall either take custody of the Mortgage Files itself and give prompt notice thereof to the Company, the Master Servicer and the Custodian, or promptly appoint a successor Custodian by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Custodian and one copy to the successor Custodian. If the Trustee shall not have taken custody of the Mortgage Files and no successor Custodian shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Custodian may petition any court of competent jurisdiction for the appointment of a successor Custodian. The Trustee may remove the Custodian at any time. In such event, the Trustee shall appoint, or petition a court of competent jurisdiction to appoint, a successor Custodian hereunder. Any successor Custodian shall be a depository institution subject to supervision or examination by federal or state authority and shall be able to satisfy the other requirements contained in Section 3.7 and shall be unaffiliated with the Master Servicer or the Company. Any resignation or removal of the Custodian and appointment of a successor Custodian pursuant to any of the provisions of this Section 3.5 shall become effective upon acceptance of E-5 appointment by the successor Custodian. The Trustee shall give prompt notice to the Company and the Master Servicer of the appointment of any successor Custodian. No successor Custodian shall be appointed by the Trustee without the prior approval of the Company and the Master Servicer. Section 3.6 Merger or Consolidation of Custodian. Any Person into which the Custodian may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Custodian shall be a party, or any Person succeeding to the business of the Custodian, shall be the successor of the Custodian hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. Section 3.7 Representations of the Custodian. The Custodian hereby represents that it is a depository institution subject to supervision or examination by a federal or state authority, has a combined capital and surplus of at least $15,000,000 and is qualified to do business in the jurisdictions in which it will hold any Mortgage File. ARTICLE IV Miscellaneous Provisions Section 4.1 Notices. All notices, requests, consents and demands and other communications required under this Agreement or pursuant to any other instrument or document delivered hereunder shall be in writing and, unless otherwise specifically provided, may be delivered personally, by telegram or telex, or by registered or certified mail, postage prepaid, return receipt requested, at the addresses specified on the signature page hereof (unless changed by the particular party whose address is stated herein by similar notice in writing), in which case the notice will be deemed delivered when received. Section 4.2 Amendments. No modification or amendment of or supplement to this Agreement shall be valid or effective unless the same is in writing and signed by all parties hereto, and neither the Company, the Master Servicer nor the Trustee shall enter into any amendment hereof except as permitted by the Pooling Agreement. The Trustee shall give prompt notice to the Custodian of any amendment or supplement to the Pooling Agreement and furnish the Custodian with written copies thereof. Section 4.3 GOVERNING LAW. THIS AGREEMENT SHALL BE DEEMED A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. Section 4.4 Recordation of Agreement. To the extent permitted by applicable law, this Agreement is subject to recordation in all appropriate public offices for real property records in all E-6 the counties or other comparable jurisdictions in which any or all of the properties subject to the Mortgages are situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected by the Master Servicer and at its expense on direction by the Trustee (pursuant to the request of holders of Certificates evidencing undivided interests in the aggregate of not less than 25% of the Trust Fund), but only upon direction accompanied by an Opinion of Counsel reasonably satisfactory to the Master Servicer to the effect that the failure to effect such recordation is likely to materially and adversely affect the interests of the Certificateholders. For the purpose of facilitating the recordation of this Agreement as herein provided and for other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and such counterparts shall constitute but one and the same instrument. Section 4.5 Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the holders thereof. E-7 IN WITNESS WHEREOF, this Agreement is executed as of the date first above written. Address: DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee 1761 East St. Andrew Place Santa Ana, California 92705 By:_________________________________ Attention: Residential Asset Mortgage Name: Products, Inc., Series 2002-RM1 Title: By:_________________________________ Name: Title: Address: RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC. 8400 Normandale Lake Boulevard Suite 250 Minneapolis, Minnesota 55437 By:_________________________________ Name: Michael Mead Title: Vice President Address: RESIDENTIAL FUNDING CORPORATION, as Master Servicer 8400 Normandale Lake Boulevard Suite 250 Minneapolis, Minnesota 55437 By:_________________________________ Name: Julie Steinhagen Title: Director E-8 Address: WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION Mortgage Document Custody One Meridian Crossings - 3rd Floor Richfield, Minnesota 55423 By:_________________________________ Name: Herb A. Nelson Title: Assistant Vice President E-9 STATE OF ) )ss.: COUNTY OF ) On the 27th day of December, 2002, before me, a notary public in and for said State, personally appeared _____________, known to me to be an ________________ of Deutsche Bank Trust Company Americas, that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation and acknowledged to me that such corporation executed the within instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. -------------------------- Notary Public [SEAL] E-10 STATE OF MINNESOTA ) ) ss.: COUNTY OF HENNEPIN ) On the 27th day of December, 2002, before me, a notary public in and for said State, personally appeared Michael Mead, known to me to be a Vice President of Residential Asset Mortgage Products, Inc., one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. ------------------------------ Notary Public [Notarial Seal] STATE OF MINNESOTA ) ) ss.: COUNTY OF HENNEPIN ) On the 27th day of December, 2002, before me, a notary public in and for said State, personally appeared, Julie Steinhagen, known to me to be a Director of Residential Funding Corporation, one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said corporation, and acknowledged to me that such corporation executed the within instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. . ----------------------- Notary Public [Notarial Seal] E-11 STATE OF MINNESOTA ) ) ss.: COUNTY OF HENNEPIN ) On the ___th day of December, 2002, before me, a notary public in and for said State, personally appeared Herb A. Nelson, known to me to be an Assistant Vice President of Wells Fargo Bank Minnesota, National Association, one of the corporations that executed the within instrument, and also known to me to be the person who executed it on behalf of said national banking association, and acknowledged to me that such national banking association executed the within instrument. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. ------------------------------ Notary Public E-12 EXHIBIT ONE FORM OF CUSTODIAN INITIAL CERTIFICATION December ___, 2002 Deutsche Bank Trust Company Americas 1761 East St. Andrew Place Santa Ana, California 92705 Attention: Residential Asset Mortgage Products, Inc., Series 2002-RM1 Re: Custodial Agreement, dated as of December 27, 2002, by and among Deutsche Bank Trust Company Americas, Residential Asset Mortgage Products, Inc., Residential Funding Corporation and Wells Fargo Bank Minnesota, National Association, relating to Mortgage Asset-Backed Pass-Through Certificates, Series 2002-RM1 Ladies and Gentlemen: In accordance with Section 2.3 of the above-captioned Custodial Agreement, and subject to Section 2.02 of the Pooling Agreement, the undersigned, as Custodian, hereby certifies that it has received a Mortgage File (which contains an original Mortgage Note or an original lost note affidavit with a copy of the related Mortgage Note) to the extent required in Section 2.01(b) of the Pooling Agreement with respect to each Mortgage Loan listed in the Mortgage Loan Schedule, with any exceptions listed on Schedule A attached hereto. Capitalized words and phrases used herein shall have the respective meanings assigned to them in the above-captioned Custodial Agreement. WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION By:________________________________ Name: H. A. Nelson Title: Assistant Vice President E-13 EXHIBIT TWO FORM OF CUSTODIAN INTERIM CERTIFICATION December ___, 2002 Deutsche Bank Trust Company Americas 1761 East St. Andrew Place Santa Ana, California 92705 Attention: Residential Asset Mortgage Products, Inc., Series 2002-RM1 Re: Custodial Agreement, dated as of December 27, 2002, by and among Deutsche Bank Trust Company Americas, Residential Asset Mortgage Products, Inc., Residential Funding Corporation and Wells Fargo Bank Minnesota, National Association, relating to Mortgage Asset-Backed Pass-Through Certificates, Series 2002-RM1 Ladies and Gentlemen: In accordance with Section 2.3 of the above-captioned Custodial Agreement, the undersigned, as Custodian, hereby certifies that it has received a Mortgage File to the extent required pursuant to Section 2.01(b) of the Pooling Agreement with respect to each Mortgage Loan listed in the Mortgage Loan Schedule, and it has reviewed the Mortgage File and the Mortgage Loan Schedule and has determined that: all required documents have been executed and received and that such documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule, with any exceptions listed on Schedule A attached hereto. Capitalized words and phrases used herein shall have the respective meanings assigned to them in the above-captioned Custodial Agreement. WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION By:________________________________ Name: H.A. Nelson Title: Assistant Vice President E-14 EXHIBIT THREE FORM OF CUSTODIAN FINAL CERTIFICATION December ___, 2002 Deutsche Bank Trust Company Americas 1761 East St. Andrew Place Santa Ana, California 92705 Attention: Residential Asset Mortgage Products, Inc., Series 2002-RM1 Re: Custodial Agreement, dated as of December 27, 2002, by and among Deutsche Bank Trust Company Americas, Residential Asset Mortgage Products, Inc., Residential Funding Corporation and Wells Fargo Bank Minnesota, National Association, relating to Mortgage Asset-Backed Pass-Through Certificates, Series 2002-RM1 Ladies and Gentlemen: In accordance with Section 2.3 of the above-captioned Custodial Agreement, the undersigned, as Custodian, hereby certifies that it has received a Mortgage File with respect to each Mortgage Loan listed in the Mortgage Loan Schedule and it has reviewed the Mortgage File and the Mortgage Loan Schedule and has determined that: all required documents referred to in Section 2.01(b) of the Pooling Agreement have been executed and received and that such documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule. Capitalized words and phrases used herein shall have the respective meanings assigned to them in the above-captioned Custodial Agreement. WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION By:________________________________ Name: H. A. Nelson Title: Assistant Vice President E-15 EXHIBIT FOUR FORM OF REQUEST FOR RELEASE DATE: TO: RE: REQUEST FOR RELEASE OF DOCUMENTS In connection with the administration of the pool of Mortgage Loans held by you for the referenced pool, we request the release of the Mortgage Loan File described below. Pooling and Servicing Agreement, Dated: Series#: Account#: Pool#: Loan#: MIN#: Borrower Name(s): Reason for Document Request: (circle one) Mortgage Loan Prepaid in Full Mortgage Loan Repurchased "We hereby certify that all amounts received or to be received in connection with such payments which are required to be deposited have been or will be so deposited as provided in the Pooling and Servicing Agreement." ------------------------------ Residential Funding Corporation Authorized Signature **************************************************************** TO CUSTODIAN/TRUSTEE: Please acknowledge this request, and check off documents being enclosed with a copy of this form. You should retain this form for your files in accordance with the terms of the Pooling and Servicing Agreement. Enclosed Documents: [ ] Promissory Note [ ] Primary Insurance Policy [ ] Mortgage or Deed of Trust [ ] Assignment(s) of Mortgage or Deed of Trust [ ] Title Insurance Policy [ ] Other: ________________________ --------------------------- Name --------------------------- Title --------------------------- Date E-16 EXHIBIT F-1 GROUP I LOAN SCHEDULE TO BE PROVIDED UPON REQUEST RUN ON : 12/24/02 RFC DISCLOSURE SYSTEM RFFSDFIX-01 AT : 08.56.17 FIXED PASSTHRU REPORT AMORTIZED BALANCE SERIES : RAMP 2002-RM1 15 YR CUTOFF : 12/01/02 POOL : 0004649 : : POOL STATUS: F RFC LOAN NUMBER SUB SERV FEE PRINCIPAL BALANCE MSTR SERV FEE CURR NOTE RATE ALL EXP RFC NET RATE MISC EXP NET MTG RATE(INVSTR RATE) SPREAD POST STRIP RATE STRIP -------------------------------------------------------------------------- 4690171 .5000 20,522.10 .0300 7.9900 .0000 7.4900 .0000 7.4600 .0000 5.5000 1.9600 4690177 .5000 15,150.33 .0300 9.9900 .0000 9.4900 .0000 9.4600 .0000 5.5000 3.9600 4690284 .5000 30,640.24 .0300 9.4000 .0000 8.9000 .0000 8.8700 .0000 5.5000 3.3700 4690290 .5000 29,689.54 .0300 11.4000 .0000 10.9000 .0000 10.8700 .0000 5.5000 5.3700 6092638 .2500 49,625.87 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 5.5000 .9700 6911459 .2500 373,070.92 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 5.5000 .7200 1 7086777 .2500 1,243,059.18 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 5.5000 .8450 7088158 .2500 28,264.02 .0300 8.2500 .0000 8.0000 .0000 7.9700 .0000 5.5000 2.4700 7088224 .2500 29,425.02 .0300 8.0000 .0000 7.7500 .0000 7.7200 .0000 5.5000 2.2200 7088536 .2500 9,097.44 .0300 10.5000 .0000 10.2500 .0000 10.2200 .0000 5.5000 4.7200 7088952 .2500 546,364.07 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 5.5000 .9700 7088962 .2500 42,516.74 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 5.5000 1.2200 7089076 .2500 44,694.94 .0300 8.5000 .0000 8.2500 .0000 8.2200 .0000 5.5000 2.7200 7089140 .2500 183,672.40 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 5.5000 .9700 1 7089246 .2500 44,989.12 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 5.5000 .8450 7089422 .2500 301,598.28 .0300 7.3750 .0000 7.1250 .0000 7.0950 .0000 5.5000 1.5950 7089472 .2500 193,819.16 .0300 7.3750 .0000 7.1250 .0000 7.0950 .0000 5.5000 1.5950 7089476 .2500 179,393.64 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 5.5000 .8450 7089500 .2500 47,543.68 .0300 7.8750 .0000 7.6250 .0000 7.5950 .0000 5.5000 2.0950 7089514 .2500 31,719.55 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 5.5000 .9700 7089548 .2500 23,239.67 .0300 7.3750 .0000 7.1250 .0000 7.0950 .0000 5.5000 1.5950 7089580 .2500 309,465.51 .0300 7.8750 .0000 7.6250 .0000 7.5950 .0000 5.5000 2.0950 1 7352421 .2500 169,537.81 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 5.5000 1.0950 7367039 .2500 60,343.92 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 5.5000 .7200 7367043 .2500 56,334.31 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 5.5000 1.3450 7367047 .2500 157,629.75 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 5.5000 1.3450 7384237 .8500 445,425.81 .0300 8.0000 .0000 7.1500 .0000 7.1200 .0000 5.5000 1.6200 7693186 .2500 527,783.40 .0300 7.2500 .0000 7.0000 .0000 6.9700 .0000 5.5000 1.4700 7704515 .2500 463,961.78 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 5.5000 .8450 7919621 .2500 975,015.09 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 5.5000 .7200 1 8055615 .2500 419,696.25 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8074627 .2500 286,640.40 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 5.5000 1.3450 8074629 .2500 294,877.15 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 5.5000 1.2200 8074633 .2500 252,633.57 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 5.5000 1.3450 8144781 .2500 494,736.35 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8144791 .2500 383,979.60 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8144845 .2500 643,189.83 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8144851 .2500 377,071.03 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 1 8144855 .2500 468,348.17 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8144863 .2500 883,798.74 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8144867 .2500 613,773.21 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 8144889 .2500 410,148.92 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8144897 .2500 387,637.56 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8144905 .2500 397,123.41 .0300 5.5000 .0000 5.2500 .0000 5.2200 .0000 5.2200 .0000 8144935 .2500 635,634.22 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8144947 .2500 370,649.20 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 1 8144973 .2500 402,207.79 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8144981 .2500 346,371.41 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8144993 .2500 430,497.06 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8145003 .2500 430,490.18 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8145007 .2500 515,521.10 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8145009 .2500 377,997.70 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8145063 .2500 436,523.68 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8145103 .2500 496,479.13 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 1 8145125 .2500 309,554.74 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8145127 .2500 574,922.87 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8145129 .2500 317,817.11 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8145135 .2500 595,863.39 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8145139 .2500 446,864.52 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8145141 .2500 362,536.49 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8145145 .2500 496,661.14 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 8145149 .2500 338,772.96 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 1 8145153 .2500 381,998.18 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8145163 .2500 496,516.15 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8145179 .2500 496,731.90 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 5.5000 .8450 8145193 .2500 347,586.98 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8145219 .2500 397,510.81 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8145225 .2500 367,421.94 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8145229 .2500 337,705.22 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8145231 .2500 478,746.83 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 1 8145255 .2500 490,534.74 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8145283 .2500 481,761.32 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 8145287 .2500 405,216.82 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8145347 .2500 407,082.32 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8145413 .2500 318,739.61 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8145419 .2500 314,963.45 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8145427 .2500 449,810.11 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8145431 .2500 358,083.52 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 1 8145441 .2500 518,152.87 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8145461 .2500 435,543.96 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8145485 .2500 363,881.18 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8145491 .2500 376,855.75 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8145505 .2500 383,310.45 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8145515 .2500 359,477.68 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8145521 .2500 540,448.86 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8145523 .2500 528,107.45 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 1 8145527 .2500 414,397.11 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 8145529 .2500 314,634.83 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 8145535 .2500 526,384.60 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8145537 .2500 531,927.54 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8145539 .2500 362,429.78 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8145681 .2500 381,324.39 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8218979 .2500 970,000.00 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8225621 .2500 383,366.90 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 1 8225625 .2500 639,457.06 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8225627 .2500 493,315.97 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8225629 .2500 643,532.48 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8225631 .2500 602,963.63 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8225633 .2500 519,388.97 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8225635 .2500 557,077.84 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8225637 .2500 349,573.19 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8225639 .2500 334,676.61 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 1 8225641 .2500 392,782.52 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8225643 .2500 529,459.76 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8225645 .2500 519,892.51 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 5.5000 .7200 8225647 .2500 996,524.64 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8225651 .2500 812,419.99 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8225653 .2500 859,161.83 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8225655 .2500 506,557.84 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8225657 .2500 556,260.49 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 1 8225659 .2500 941,105.03 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8225661 .2500 465,523.04 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8225663 .2500 397,242.26 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8225665 .2500 348,601.27 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8225667 .2500 341,690.03 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8225669 .2500 571,962.41 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8225671 .2500 349,573.19 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8225673 .2500 387,339.60 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 1 8225677 .2500 571,201.16 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 5.5000 .7200 8225679 .2500 450,869.97 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8225681 .2500 774,735.53 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8225685 .2500 532,343.66 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8225687 .2500 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313,867.20 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8225999 .2500 379,366.35 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226001 .2500 452,438.89 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226003 .2500 556,139.17 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226005 .2500 320,796.65 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226007 .2500 827,115.45 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226009 .2500 951,324.92 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226011 .2500 544,102.45 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 1 8226013 .2500 446,897.54 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226015 .2500 134,108.09 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 5.5000 .7200 8226019 .2500 398,595.02 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226021 .2500 610,846.87 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226025 .2500 367,110.69 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226027 .2500 348,783.62 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226029 .2500 323,858.45 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226031 .2500 470,075.50 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 1 8226033 .2500 337,821.85 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226035 .2500 333,835.75 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226037 .2500 553,050.60 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226041 .2500 334,844.64 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226043 .2500 398,345.90 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226047 .2500 476,218.09 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226049 .2500 409,636.90 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226051 .2500 556,260.47 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 1 8226053 .2500 429,021.63 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226055 .2500 392,276.75 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226057 .2500 823,159.74 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226059 .2500 953,381.43 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226061 .2500 475,270.45 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8226063 .2500 488,297.07 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226065 .2500 637,752.04 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226067 .2500 767,133.45 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 1 8226069 .2500 993,105.67 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226073 .2500 921,602.05 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226077 .2500 742,387.20 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8226079 .2500 893,595.34 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226081 .2500 488,260.59 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226085 .2500 425,141.93 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 8226087 .2500 362,510.12 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226089 .2500 418,540.35 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 1 8226091 .2500 342,621.45 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226093 .2500 806,275.03 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226097 .2500 486,304.03 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226101 .2500 529,249.57 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226103 .2500 684,051.18 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226105 .2500 478,349.48 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226107 .2500 403,094.21 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226109 .2500 996,487.56 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 1 8226111 .2500 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615,725.52 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226145 .2500 448,850.59 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226147 .2500 383,565.53 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226149 .2500 375,448.75 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 1 8226151 .2500 389,406.38 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226153 .2500 341,272.46 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226171 .2500 369,212.39 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226173 .2500 377,352.27 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226175 .2500 390,474.53 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226177 .2500 447,825.81 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226179 .2500 801,176.00 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226181 .2500 498,298.95 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 1 8226189 .2500 357,464.98 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226191 .2500 439,434.53 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226195 .2500 744,774.20 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226199 .2500 451,541.98 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226201 .2500 629,504.62 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226203 .2500 421,514.25 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226205 .2500 483,445.80 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226207 .2500 540,666.03 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 1 8226209 .2500 463,848.07 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8226215 .2500 484,079.72 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226219 .2500 609,419.29 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226221 .2500 448,883.77 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226223 .2500 398,609.86 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226225 .2500 332,116.84 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226227 .2500 388,630.15 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226229 .2500 488,643.80 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 1 8226233 .2500 571,986.60 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226235 .2500 352,457.65 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226237 .2500 498,243.78 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226239 .2500 359,504.26 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226241 .2500 435,465.07 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226243 .2500 466,531.24 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226245 .2500 323,882.47 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226249 .2500 360,814.65 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 1 8226251 .2500 348,757.57 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226253 .2500 398,609.86 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226255 .2500 314,913.41 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226257 .2500 378,568.05 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226259 .2500 348,744.38 .0300 5.5000 .0000 5.2500 .0000 5.2200 .0000 5.2200 .0000 8226261 .2500 331,456.33 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226263 .2500 371,761.50 .0300 5.5000 .0000 5.2500 .0000 5.2200 .0000 5.2200 .0000 8226265 .2500 397,642.57 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 1 8226267 .2500 431,969.04 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226269 .2500 352,552.52 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226271 .2500 326,062.42 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226273 .2500 383,366.90 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226277 .2500 348,731.08 .0300 5.3750 .0000 5.1250 .0000 5.0950 .0000 5.0950 .0000 8226279 .2500 463,401.07 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226281 .2500 403,607.38 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226283 .2500 822,163.18 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 1 8226285 .2500 423,400.53 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226287 .2500 473,366.68 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226289 .2500 352,526.46 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226291 .2500 622,804.73 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226293 .2500 518,491.77 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226295 .2500 395,896.63 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226297 .2500 586,428.91 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226299 .2500 472,335.11 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 1 8226303 .2500 355,557.89 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226305 .2500 434,253.26 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 5.5000 .7200 8226307 .2500 389,239.65 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226309 .2500 357,440.72 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226313 .2500 325,738.66 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226317 .2500 395,919.36 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 5.5000 .7200 8226319 .2500 422,313.99 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 5.5000 .7200 8226321 .2500 345,200.48 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 1 8226323 .2500 325,338.80 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 5.5000 1.0950 8226325 .2500 986,714.89 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 5.5000 .7200 8226329 .2500 446,995.03 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 8226331 .2500 337,680.67 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226337 .2500 498,262.32 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226339 .2500 380,672.41 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226341 .2500 555,043.57 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226343 .2500 533,179.88 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 1 8226345 .2500 336,314.55 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226347 .2500 762,369.49 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226349 .2500 444,602.89 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8226351 .2500 382,226.53 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226353 .2500 323,680.09 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226355 .2500 355,425.46 .0300 5.5000 .0000 5.2500 .0000 5.2200 .0000 5.2200 .0000 8226357 .2500 536,028.89 .0300 5.2500 .0000 5.0000 .0000 4.9700 .0000 4.9700 .0000 8226359 .2500 812,197.57 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 1 8226361 .2500 555,603.34 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226363 .2500 650,280.14 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226365 .2500 337,846.69 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226367 .2500 391,692.15 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8226371 .2500 418,440.70 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226373 .2500 617,890.70 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226375 .2500 337,070.09 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 5.5000 .9700 8226377 .2500 355,213.02 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 1 8226383 .2500 506,594.37 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 8226385 .2500 504,564.18 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 8226387 .2500 329,002.64 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8226389 .2500 390,278.63 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226393 .2500 446,897.54 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226395 .2500 398,639.17 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226399 .2500 590,982.56 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226401 .2500 983,533.23 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 1 8226403 .2500 410,678.20 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 5.5000 .7200 8226407 .2500 403,562.33 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226411 .2500 587,905.61 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226413 .2500 323,834.06 .0300 5.5000 .0000 5.2500 .0000 5.2200 .0000 5.2200 .0000 8226415 .2500 507,583.57 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8226417 .2500 782,183.81 .0300 5.5000 .0000 5.2500 .0000 5.2200 .0000 5.2200 .0000 8226419 .2500 386,908.50 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 5.5000 1.0950 8226421 .2500 493,315.97 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 1 8226425 .2500 548,068.16 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226427 .2500 561,104.71 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226429 .2500 402,610.82 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226433 .2500 337,796.61 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226437 .2500 754,704.53 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226439 .2500 489,564.93 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226441 .2500 465,181.50 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226443 .2500 376,101.77 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 1 8226445 .2500 64,556.59 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226447 .2500 158,729.68 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226449 .2500 498,298.95 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226453 .2500 923,588.27 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226455 .2500 670,245.91 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 8226459 .2500 324,010.73 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226463 .2500 790,588.32 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226491 .2500 360,391.50 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 1 8226493 .2500 372,002.65 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226495 .2500 475,060.83 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226497 .2500 378,679.37 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226501 .2500 473,413.46 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226503 .2500 475,957.74 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226507 .2500 484,882.62 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226509 .2500 57,380.26 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 5.5000 .8450 8226511 .2500 481,138.46 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 1 8226515 .2500 314,245.76 .0300 5.5000 .0000 5.2500 .0000 5.2200 .0000 5.2200 .0000 8226517 .2500 578,980.60 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226519 .2500 694,429.14 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226521 .2500 713,245.44 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226523 .2500 358,286.06 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226527 .2500 498,262.33 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226531 .2500 424,184.83 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226533 .2500 438,587.54 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 1 8226535 .2500 482,780.11 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 8226539 .2500 463,078.51 .0300 5.5000 .0000 5.2500 .0000 5.2200 .0000 5.2200 .0000 8226541 .2500 807,017.09 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 5.5000 .5950 8226543 .2500 417,073.55 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226545 .2500 383,647.71 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226547 .2500 436,934.19 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226549 .2500 538,103.28 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226551 .2500 384,360.06 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 1 8226553 .2500 378,693.34 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226555 .2500 617,868.08 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8226557 .2500 859,596.91 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.5000 .4700 8226559 .2500 473,331.59 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226561 .2500 477,634.26 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8226563 .2500 329,946.49 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8226565 .2500 482,684.74 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8226569 .2500 448,452.64 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 1 8226573 .2500 522,178.91 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5000 .0950 8253999 .2500 324,488.45 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.5000 .3450 8254013 .2500 175,039.98 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.5000 .2200 8254029 .2500 383,647.71 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 8254047 .2500 378,644.91 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 TOTAL NUMBER OF LOANS: 451 TOTAL BALANCE........: 209,389,729.32 RUN ON : 12/24/02 RFC DISCLOSURE SYSTEM RFFSDFIX-01 AT : 08.56.17 INITIAL SECURITY FEES AMORTIZED BALANCE SERIES : RAMP 2002-RM1 15 YR FIXED SUMMARY REPORT CUTOFF : 12/01/02 POOL : 0004649 : : POOL STATUS: F WEIGHTED AVERAGES FROM TO ---------------------------------------------------------------------------- CURR NOTE RATE 6.0148 5.2500 11.4000 RFC NET RATE 5.7634 5.0000 10.9000 NET MTG RATE(INVSTR RATE) 5.7334 4.9700 10.8700 POST STRIP RATE 5.4778 4.9700 5.5000 SUB SERV FEE .2514 .2500 .8500 MSTR SERV FEE .0300 .0300 .0300 ALL EXP .0000 .0000 .0000 MISC EXP .0000 .0000 .0000 SPREAD .0000 .0000 .0000 STRIP .2556 .0000 5.3700 TOTAL NUMBER OF LOANS: 451 TOTAL BALANCE........: 209,389,729.32 *************************** * END OF REPORT * *************************** RUN ON : 12/24/02 RFC DISCLOSURE SYSTEM RFFSD177-01 AT : 08.56.17 FIXED RATE LOAN LISTING AMORTIZED BALANCE SERIES : RAMP 2002-RM1 15 YR CUTOFF : 12/01/02 POOL : 0004649 : : POOL STATUS: F RFC LOAN # S/S CODE PMT TYPE ORIGINAL BAL LOAN FEATURE ORIG TERM PRINCIPAL BAL # OF UNITS ORIG RATE ORIGINAL P+I LTV CURR NET CURRENT P+I CITY STATE ZIP LOAN PURP NOTE DATE MI CO CODE SERVICER LOAN # PROP TYPE 1ST PMT DATE MI CVG SELLER LOAN # OCCP CODE MATURITY DATE INVESTOR LOAN # ______________________________________________________________________________ 4690171 W29/M32 F 30,000.00 ZZ 120 20,522.10 1 7.990 363.82 47 7.490 363.82 ROCKY FACE GA 30740 5 11/18/98 00 307361153 05 12/24/98 0 0000088727 O 11/24/08 0 4690177 W29/M32 F 22,000.00 ZZ 120 15,150.33 1 9.990 290.61 59 9.490 290.61 HOMERVILLE GA 31634 5 12/09/98 00 307361972 05 01/13/99 0 0000089185 O 12/13/08 0 4690284 W29/M32 F 38,250.00 ZZ 180 30,640.24 1 9.400 397.12 85 8.900 397.12 PLAQUEMINE LA 70764 5 11/05/97 00 307362002 05 12/10/97 0 0000531087 O 11/10/12 0 4690290 W29/M32 F 36,000.00 ZZ 180 29,689.54 1 11.400 418.27 100 10.900 418.27 ATLANTA GA 30316 5 11/26/97 00 307361782 05 01/02/98 0 1 0000531773 O 12/02/12 0 6092638 S66/Y15 F 60,000.00 ZZ 180 49,625.87 1 6.750 530.95 75 6.500 530.95 ATMORE AL 36502 2 12/14/98 00 10392421 05 02/01/99 0 0050442312 O 01/01/14 0 6911459 005/Y15 F 387,500.00 ZZ 180 373,070.92 1 6.500 3,375.55 71 6.250 3,375.55 METAIRIE LA 70005 2 12/07/01 00 10408078 05 02/01/02 0 003011393661 O 01/01/17 0 7086777 X76/X76 F 1,300,000.00 ZZ 180 1,243,059.18 1 6.625 11,413.92 48 6.375 11,413.92 LA SELVA BEACH CA 95076 5 10/25/01 00 4440094565 05 12/01/01 0 4440094565 O 11/01/16 0 7088158 B86/T77 F 35,000.00 ZZ 180 28,264.02 2 8.250 339.55 64 8.000 339.55 ANDREWS SC 29510 5 03/09/98 00 6000446150 05 05/01/98 0 6000446150 O 04/01/13 0 7088224 B86/T77 F 38,000.00 ZZ 180 29,425.02 2 8.000 363.15 61 7.750 363.15 COLUMBIA SC 29201 1 08/03/98 00 6000473394 05 10/01/98 0 6000473394 O 09/01/13 0 1 7088536 B86/M32 F 45,000.00 ZZ 180 9,097.44 1 10.500 497.43 67 10.250 497.43 EASLEY SC 29640 2 07/24/89 00 270000107 05 09/01/89 0 6000566247 O 08/01/04 0 7088952 B86/M32 F 700,000.00 ZZ 144 546,364.07 1 6.750 7,105.72 70 6.500 7,105.72 EASTOVER SC 29044 5 03/31/99 00 270000187 05 06/01/99 0 6000703626 O 05/01/11 0 7088962 B86/T77 F 50,000.00 ZZ 180 42,516.74 1 7.000 449.42 68 6.750 449.42 COLUMBIA SC 29204 5 04/28/99 00 6000708369 01 07/01/99 0 6000708369 O 06/01/14 0 7089076 B86/M32 F 49,600.00 T 180 44,694.94 1 8.500 488.44 80 8.250 488.44 LITTLE RIVE SC 29566 1 03/07/00 00 270000212 01 05/01/00 0 6000816220 O 04/01/15 0 7089140 B86/M32 F 199,879.67 T 173 183,672.40 2 6.750 1,810.31 79 6.500 1,810.31 ISLE OF PALMS SC 29451 1 02/01/01 00 270000229 05 03/01/01 0 6000829496 O 07/01/15 0 7089246 B86/T77 F 48,425.00 ZZ 180 44,989.12 1 6.625 425.17 94 6.375 425.17 1 WEST COLUMBIA SC 29172 1 05/17/01 00 6000849635 05 07/01/01 0 6000849635 O 06/01/16 0 7089422 B86/T77 F 325,000.00 ZZ 180 301,598.28 1 7.375 2,989.76 56 7.125 2,989.76 GEORGETOWN SC 29440 5 07/02/01 00 6000874211 05 09/01/01 0 6000874211 O 08/01/16 0 7089472 B86/T77 F 205,000.00 ZZ 180 193,819.16 1 7.375 1,885.85 75 7.125 1,885.85 HARDEEVILLE SC 29927 5 06/07/01 00 6000877701 05 08/01/01 0 6000877701 O 07/01/16 0 7089476 B86/M32 F 198,000.00 ZZ 180 179,393.64 1 6.625 1,738.43 80 6.375 1,738.43 FLORENCE SC 29501 2 07/25/01 00 270000303 05 09/01/01 0 6000877818 O 08/01/16 0 7089500 B86/M32 F 50,000.00 ZZ 180 47,543.68 1 7.875 474.23 80 7.625 474.23 SWANSEA SC 29160 1 07/20/01 00 270000313 05 09/01/01 0 6000880093 N 08/01/16 0 7089514 B86/M32 F 33,400.00 ZZ 180 31,719.55 1 6.750 295.56 75 6.500 295.56 MCCOLL SC 29570 2 08/27/01 00 270000316 05 10/01/01 0 6000880853 O 09/01/16 0 1 7089548 B86/T77 F 25,500.00 ZZ 120 23,239.67 1 7.375 301.03 75 7.125 301.03 ROCK HILL SC 29730 5 08/24/01 00 6000883279 05 10/01/01 0 6000883279 O 09/01/11 0 7089580 B86/T77 F 329,000.00 ZZ 180 309,465.51 1 7.875 3,120.41 78 7.625 3,120.41 GREENVILLE SC 29615 2 09/11/01 00 6000885019 03 11/01/01 0 6000885019 O 10/01/16 0 7352421 B86/M32 F 175,000.00 ZZ 180 169,537.81 1 6.875 1,560.75 75 6.625 1,560.75 HUBERT NC 28539 5 02/07/02 00 270000346 05 04/01/02 0 6000896123 O 03/01/17 0 7367039 B86/M32 F 62,750.00 ZZ 180 60,343.92 1 6.500 546.62 79 6.250 546.62 GRAY CT SC 29645 5 12/07/01 00 270000343 05 02/01/02 0 6000893229 O 01/01/17 0 7367043 B86/T77 F 58,200.00 ZZ 180 56,334.31 1 7.125 527.20 71 6.875 527.20 JOHNSONVILLE SC 29555 2 12/31/01 00 6000899846 05 03/01/02 0 6000899846 O 02/01/17 0 7367047 B86/M32 F 162,850.00 ZZ 180 157,629.75 1 1 7.125 1,475.15 97 6.875 1,475.15 GREENWOOD SC 29649 1 01/07/02 19 270000351 03 03/01/02 35 6000902095 O 02/01/17 0 7384237 B86/M32 F 486,900.00 ZZ 180 445,425.81 1 8.000 4,653.08 100 7.150 4,653.08 SIMPSONVILLE SC 29681 1 08/29/00 24 270000240 05 10/01/00 20 6000836715 O 09/01/15 0 7693186 X68/H74 F 548,000.00 ZZ 180 527,783.40 1 7.250 5,002.49 80 7.000 5,002.49 SENECA SC 29672 2 11/29/01 00 0010406999 05 02/01/02 0 W1110087 O 01/01/17 0 7704515 005/H74 F 480,000.00 ZZ 180 463,961.78 1 6.625 4,214.38 64 6.375 4,214.38 MOBILE AL 36605 2 01/16/02 00 0010410140 05 03/01/02 0 3011418872 O 02/01/17 0 7919621 005/E72 F 994,950.00 ZZ 180 975,015.09 1 6.500 8,667.09 76 6.250 8,667.09 SEMINOLE FL 33776 4 06/07/02 00 260000001 05 07/01/02 0 3011099615 O 06/01/17 0 8055615 X32/X32 F 424,000.00 ZZ 180 419,696.25 1 6.250 3,635.47 76 6.000 3,635.47 SHAKER HEIGHTS OH 44122 2 09/04/02 00 0190146316 05 10/01/02 0 1 0190146316 O 09/01/17 0 8074627 H93/M32 F 348,000.00 ZZ 167 286,640.40 1 7.125 3,290.66 80 6.875 3,290.66 JACKSONVILLE FL 32226 2 04/02/99 00 270000364 05 05/01/99 0 0001075704 O 03/01/13 0 8074629 H93/M32 F 370,400.00 ZZ 180 294,877.15 1 7.000 3,329.26 80 6.750 3,329.26 LONGBOAT KEY FL 34228 1 04/17/98 00 270000365 01 06/01/98 0 0001080233 O 05/01/13 0 8074633 H93/M32 F 315,000.00 ZZ 180 252,633.57 1 7.125 2,853.37 38 6.875 2,853.37 BRADENTON FL 34209 2 05/26/98 00 270000367 05 07/01/98 0 0001080928 O 06/01/13 0 8144781 F28/M32 F 500,000.00 ZZ 180 494,736.35 1 6.250 4,287.11 44 6.000 4,287.11 PELHAM MANOR NY 10803 5 08/27/02 00 TO BE ASSIGNED 05 10/01/02 0 0001934453 O 09/01/17 0 8144791 F28/M32 F 392,000.00 ZZ 180 383,979.60 1 6.250 3,361.10 34 6.000 3,361.10 NAPLES FL 34103 2 05/23/02 00 TO BE ASSIGNED 06 07/01/02 0 0002192985 O 06/01/17 0 1 8144845 F28/M32 F 650,000.00 ZZ 180 643,189.83 1 5.875 5,441.27 34 5.625 5,441.27 SARATOGA CA 95070 2 08/21/02 00 05 10/01/02 0 0003168405 O 09/01/17 0 8144851 F28/M32 F 382,000.00 ZZ 180 377,071.03 1 6.125 3,249.39 62 5.875 3,249.39 NESHANIC STATIO NJ 08853 2 08/29/02 00 05 10/01/02 0 0003173884 O 09/01/17 0 8144855 F28/M32 F 475,000.00 ZZ 180 468,348.17 1 5.875 3,976.31 56 5.625 3,976.31 COLORADO SPRING CO 80906 5 07/29/02 00 05 09/01/02 0 0003175939 O 08/01/17 0 8144863 F28/M32 F 890,000.00 ZZ 180 883,798.74 1 5.875 7,450.35 59 5.625 7,450.35 BLOOMFIELD HILL MI 48302 2 09/04/02 00 05 11/01/02 0 0003180665 O 10/01/17 0 8144867 F28/M32 F 620,000.00 ZZ 180 613,773.21 1 6.375 5,358.36 46 6.125 5,358.36 NEWPORT BEACH CA 92660 2 08/29/02 00 05 10/01/02 0 0003184170 O 09/01/17 0 8144889 F28/M32 F 415,000.00 ZZ 180 410,148.92 1 5.875 3,474.04 58 5.625 3,474.04 1 WILTON CT 06897 2 08/20/02 00 05 10/01/02 0 0003228581 O 09/01/17 0 8144897 F28/M32 F 390,300.00 ZZ 180 387,637.56 1 6.125 3,319.99 75 5.875 3,319.99 ST CHARLES IL 60174 2 09/04/02 00 05 11/01/02 0 0003242406 O 10/01/17 0 8144905 F28/M32 F 400,000.00 ZZ 180 397,123.41 1 5.500 3,268.34 68 5.250 3,268.34 HINGHAM MA 02043 5 09/09/02 00 05 11/01/02 0 0003248050 O 10/01/17 0 8144935 F28/M32 F 640,000.00 ZZ 180 635,634.22 1 6.125 5,444.00 47 5.875 5,444.00 WEST BARNSTABLE MA 02668 5 09/06/02 00 05 11/01/02 0 0003286589 O 10/01/17 0 8144947 F28/M32 F 374,450.00 ZZ 180 370,649.20 1 6.250 3,210.62 66 6.000 3,210.62 LOS ANGELES CA 90008 2 07/23/02 00 05 10/01/02 0 0003303481 O 09/01/17 0 8144973 F28/M32 F 405,000.00 ZZ 180 402,207.79 1 6.000 3,417.62 35 5.750 3,417.62 LA JOLLA CA 92037 2 09/01/02 00 TO BE ASSIGNED 05 11/01/02 0 0003317440 O 10/01/17 0 1 8144981 F28/M32 F 350,000.00 ZZ 180 346,371.41 1 6.000 2,953.50 62 5.750 2,953.50 HOPKINS MN 55343 5 08/19/02 00 05 10/01/02 0 0003322000 O 09/01/17 0 8144993 F28/M32 F 433,550.00 ZZ 180 430,497.06 1 5.750 3,600.25 46 5.500 3,600.25 HOUSTON TX 77024 2 09/09/02 00 TO BE ASSIGNED 05 11/01/02 0 0003325419 O 10/01/17 0 8145003 F28/M32 F 435,000.00 ZZ 180 430,490.18 1 6.000 3,670.78 44 5.750 3,670.78 BLOOMFIELD HILL MI 48301 2 08/23/02 00 05 10/01/02 0 0003325981 O 09/01/17 0 8145007 F28/M32 F 522,000.00 ZZ 180 515,521.10 1 5.875 4,369.76 38 5.625 4,369.76 CALABASAS CA 91302 2 08/20/02 00 03 10/01/02 0 0003327126 O 09/01/17 0 8145009 F28/M32 F 382,000.00 ZZ 180 377,997.70 1 5.875 3,197.80 73 5.625 3,197.80 BUFFALO GROVE IL 60089 2 08/19/02 00 05 10/01/02 0 0003327407 O 09/01/17 0 8145063 F28/M32 F 441,000.00 ZZ 180 436,523.68 1 1 6.250 3,781.23 74 6.000 3,781.23 MISSION VIEJO CA 92692 2 08/29/02 00 05 10/01/02 0 0003355699 O 09/01/17 0 8145103 F28/M32 F 500,000.00 ZZ 180 496,479.13 1 5.750 4,152.05 60 5.500 4,152.05 SEATTLE WA 98133 1 09/09/02 00 05 11/01/02 0 0003375232 O 10/01/17 0 8145125 F28/M32 F 311,750.00 ZZ 180 309,554.74 1 5.750 2,588.81 54 5.500 2,588.81 AUSTIN TX 78750 2 09/11/02 00 05 11/01/02 0 0003393712 O 10/01/17 0 8145127 F28/M32 F 579,000.00 ZZ 180 574,922.87 1 5.750 4,808.07 70 5.500 4,808.07 CONCORD MA 01742 5 09/05/02 00 05 11/01/02 0 0003394322 O 10/01/17 0 8145129 F28/M32 F 320,000.00 ZZ 180 317,817.11 1 6.125 2,722.00 78 5.875 2,722.00 PHEONIX AZ 85020 2 09/05/02 00 05 11/01/02 0 0003397097 O 10/01/17 0 8145135 F28/M32 F 600,000.00 ZZ 180 595,863.39 1 6.000 5,063.14 62 5.750 5,063.14 OCONOMOWOC WI 53066 5 08/30/02 00 05 11/01/02 0 1 0003402737 O 10/01/17 0 8145139 F28/M32 F 450,000.00 ZZ 180 446,864.52 1 5.875 3,767.04 30 5.625 3,767.04 RALEIGH NC 27608 2 09/05/02 00 TO BE ASSIGNED 05 11/01/02 0 0003406946 O 10/01/17 0 8145141 F28/M32 F 365,000.00 ZZ 180 362,536.49 1 6.250 3,129.59 53 6.000 3,129.59 SAN RAMON CA 94583 2 09/01/02 00 05 11/01/02 0 0003407250 O 10/01/17 0 8145145 F28/M32 F 500,000.00 ZZ 180 496,661.14 1 6.375 4,321.25 66 6.125 4,321.25 NEW CASTLE NH 03854 2 09/05/02 00 05 11/01/02 0 0003407565 O 10/01/17 0 8145149 F28/M32 F 341,150.00 ZZ 180 338,772.96 1 5.875 2,855.83 64 5.625 2,855.83 HOUSTON TX 77068 2 09/05/02 00 05 11/01/02 0 0003419337 O 10/01/17 0 8145153 F28/M32 F 386,000.00 ZZ 180 381,998.18 1 6.000 3,257.29 43 5.750 3,257.29 UPPERVILLE VA 20184 2 08/26/02 00 05 10/01/02 0 0003422562 O 09/01/17 0 1 8145163 F28/M32 F 500,000.00 ZZ 180 496,516.15 1 5.875 4,185.59 69 5.625 4,185.59 UNIVERSITY PLAC WA 98466 5 09/09/02 00 05 11/01/02 0 0003572309 O 10/01/17 0 8145179 F28/M32 F 500,000.00 ZZ 180 496,731.90 1 6.625 4,389.97 73 6.375 4,389.97 EAST BRADFORD T PA 19382 5 09/11/02 00 05 11/01/02 0 0003608099 O 10/01/17 0 8145193 F28/M32 F 350,000.00 ZZ 180 347,586.98 1 6.000 2,953.50 61 5.750 2,953.50 BROOKLINE MA 02445 2 09/12/02 00 TO BE ASSIGNED 01 11/01/02 0 0003676799 O 10/01/17 0 8145219 F28/M32 F 400,300.00 ZZ 180 397,510.81 1 5.875 3,350.99 55 5.625 3,350.99 GREENSBORO NC 27455 2 09/06/02 00 TO BE ASSIGNED 05 11/01/02 0 0003429237 O 10/01/17 0 8145225 F28/M32 F 370,000.00 ZZ 180 367,421.94 1 5.875 3,097.34 52 5.625 3,097.34 CINCINNATI OH 45243 2 09/04/02 00 05 11/01/02 0 0003430458 O 10/01/17 0 8145229 F28/M32 F 340,000.00 ZZ 180 337,705.22 1 6.250 2,915.24 22 6.000 2,915.24 1 WOODSIDE CA 94062 2 09/06/02 00 TO BE ASSIGNED 05 11/01/02 0 0003433427 O 10/01/17 0 8145231 F28/M32 F 482,000.00 ZZ 180 478,746.83 1 6.250 4,132.78 63 6.000 4,132.78 SANTA ANA CA 92705 2 09/10/02 00 05 11/01/02 0 0003435988 O 10/01/17 0 8145255 F28/M32 F 500,000.00 ZZ 180 490,534.74 1 5.875 4,185.59 35 5.625 4,185.59 WILMINGTON NC 28409 2 08/30/02 00 05 10/01/02 0 0003455457 O 09/01/17 0 8145283 F28/M32 F 485,000.00 ZZ 180 481,761.32 1 6.375 4,191.61 75 6.125 4,191.61 SOUTH LYON MI 48178 5 09/06/02 00 05 11/01/02 0 0003474645 O 10/01/17 0 8145287 F28/M32 F 408,000.00 ZZ 180 405,216.82 1 6.125 3,470.55 68 5.875 3,470.55 ALEXANDRIA VA 22315 5 09/11/02 00 05 11/01/02 0 0003475778 O 10/01/17 0 8145347 F28/M32 F 410,000.00 ZZ 180 407,082.32 1 5.625 3,377.30 48 5.375 3,377.30 NEWTON MA 02459 5 09/06/02 00 05 11/01/02 0 0003480121 O 10/01/17 0 1 8145413 F28/M32 F 321,000.00 ZZ 180 318,739.61 1 5.750 2,665.62 44 5.500 2,665.62 CAMBRIDGE MA 02140 2 09/06/02 00 TO BE ASSIGNED 01 11/01/02 0 0003499273 O 10/01/17 0 8145419 F28/M32 F 317,150.00 ZZ 180 314,963.45 1 6.000 2,676.30 46 5.750 2,676.30 HOUSTON TX 77024 2 09/09/02 00 05 11/01/02 0 0003499644 O 10/01/17 0 8145427 F28/M32 F 453,000.00 ZZ 180 449,810.11 1 5.750 3,761.76 70 5.500 3,761.76 DOWNEY CA 90242 5 09/06/02 00 05 11/01/02 0 0003500318 O 10/01/17 0 8145431 F28/M32 F 360,650.00 ZZ 180 358,083.52 1 5.625 2,970.79 32 5.375 2,970.79 TAMPA FL 33602 2 09/11/02 00 09 11/01/02 0 0003500690 O 10/01/17 0 8145441 F28/M32 F 521,750.00 ZZ 180 518,152.87 1 6.000 4,402.83 46 5.750 4,402.83 SEATTLE WA 98109 5 09/03/02 00 05 11/01/02 0 0003503916 O 10/01/17 0 8145461 F28/M32 F 438,600.00 ZZ 180 435,543.96 1 1 5.875 3,671.60 65 5.625 3,671.60 RICHMOND VA 23233 5 08/30/02 00 05 11/01/02 0 0003508950 O 10/01/17 0 8145485 F28/M32 F 368,000.00 ZZ 180 363,881.18 1 5.875 3,080.60 80 5.625 3,080.60 SCOTTSDALE AZ 85250 1 08/28/02 00 03 10/01/02 0 0003517985 O 09/01/17 0 8145491 F28/M32 F 379,500.00 ZZ 180 376,855.75 1 5.875 3,176.86 75 5.625 3,176.86 CHAPEL HILL NC 27516 5 09/12/02 00 05 11/01/02 0 0003519353 O 10/01/17 0 8145505 F28/M32 F 386,000.00 ZZ 180 383,310.45 1 5.875 3,231.28 56 5.625 3,231.28 EVERGREEN CO 80439 2 09/12/02 00 05 11/01/02 0 0003552352 O 10/01/17 0 8145515 F28/M32 F 362,000.00 ZZ 180 359,477.68 1 5.875 3,030.37 78 5.625 3,030.37 CHESTERFIELD MO 63017 2 09/18/02 00 05 11/01/02 0 0003561593 O 10/01/17 0 8145521 F28/M32 F 550,000.00 T 180 540,448.86 1 6.000 4,641.22 76 5.750 4,641.22 PINE KNOLL SHOR NC 28512 1 06/28/02 00 TO BE ASSIGNED 05 08/01/02 0 1 0003047478 O 07/01/17 0 8145523 F28/M32 F 535,450.00 ZZ 180 528,107.45 1 6.125 4,554.67 51 5.875 4,554.67 LAFAYETTE CA 94549 2 07/02/02 00 05 09/01/02 0 0003085296 O 08/01/17 0 8145527 F28/M32 F 420,000.00 ZZ 180 414,397.11 1 6.375 3,629.85 56 6.125 3,629.85 PALO ALTO CA 94306 2 08/22/02 00 05 10/01/02 0 0003099048 O 09/01/17 0 8145529 F28/M32 F 316,750.00 ZZ 180 314,634.83 1 6.375 2,737.51 54 6.125 2,737.51 MISSION VIEJO CA 92692 2 09/04/02 00 03 11/01/02 0 0003264400 O 10/01/17 0 8145535 F28/M32 F 530,000.00 ZZ 180 526,384.60 1 6.125 4,508.31 37 5.875 4,508.31 KENILWORTH IL 60043 2 09/06/02 00 05 11/01/02 0 0003360018 O 10/01/17 0 8145537 F28/M32 F 537,500.00 T 180 531,927.54 1 6.000 4,535.73 54 5.750 4,535.73 WILMINGTON NC 28411 2 09/04/02 00 TO BE ASSIGNED 05 10/01/02 0 0003361404 O 09/01/17 0 1 8145539 F28/M32 F 365,000.00 ZZ 180 362,429.78 1 5.750 3,031.00 59 5.500 3,031.00 MENDHAM NJ 07945 2 09/05/02 00 05 11/01/02 0 0003369898 O 10/01/17 0 8145681 F28/M32 F 384,000.00 ZZ 180 381,324.39 1 5.875 3,214.54 80 5.625 3,214.54 PORTLAND ME 04102 1 09/24/02 00 05 11/01/02 0 0003259495 O 10/01/17 0 8218979 X32/X32 F 970,000.00 ZZ 180 970,000.00 1 6.125 8,251.06 49 5.875 8,251.06 ROCKY RIVER OH 44116 5 10/31/02 00 TO BE ASSIGNED 05 01/01/03 0 0190178921 O 12/01/17 0 8225621 074/074 F 386,000.00 ZZ 180 383,366.90 1 6.125 3,283.41 23 5.875 3,283.41 MALIBU CA 90265 5 09/13/02 00 TO BE ASSIGNED 05 11/01/02 0 1230113670 O 10/01/17 0 8225625 074/074 F 650,000.00 ZZ 180 639,457.06 1 6.125 5,529.06 55 5.875 5,529.06 LOS ANGELES CA 90049 2 09/13/02 00 TO BE ASSIGNED 05 11/01/02 0 1230117976 O 10/01/17 0 8225627 074/074 F 495,000.00 ZZ 180 493,315.97 1 6.125 4,210.59 55 5.875 4,210.59 1 BEVERLY HILLS CA 90210 2 09/30/02 00 TO BE ASSIGNED 01 12/01/02 0 1230120187 O 11/01/17 0 8225629 074/074 F 648,000.00 ZZ 180 643,532.48 1 6.000 5,468.19 49 5.750 5,468.19 ENCINO CA 91436 2 09/20/02 00 TO BE ASSIGNED 05 11/01/02 0 1230120290 O 10/01/17 0 8225631 074/074 F 605,000.00 ZZ 180 602,963.63 1 6.250 5,187.41 69 6.000 5,187.41 LOS ANGELES CA 90069 2 10/05/02 00 TO BE ASSIGNED 05 12/01/02 0 1230120857 O 11/01/17 0 8225633 074/074 F 521,162.00 ZZ 180 519,388.97 1 6.125 4,433.13 60 5.875 4,433.13 LONG BEACH CA 90803 2 09/27/02 00 TO BE ASSIGNED 05 12/01/02 0 1230121146 O 11/01/17 0 8225635 074/074 F 559,000.00 ZZ 180 557,077.84 1 6.000 4,717.16 51 5.750 4,717.16 LOS ANGELES CA 90064 2 10/09/02 00 TO BE ASSIGNED 05 12/01/02 0 1230121179 O 11/01/17 0 8225637 074/074 F 352,000.00 ZZ 180 349,573.19 1 6.000 2,970.38 30 5.750 2,970.38 LOS ANGELES CA 90049 2 09/20/02 00 TO BE ASSIGNED 05 11/01/02 0 1230121678 O 10/01/17 0 1 8225639 074/074 F 337,000.00 ZZ 180 334,676.61 1 6.000 2,843.80 61 5.750 2,843.80 RANCHO PALOS VE CA 90275 2 09/16/02 00 TO BE ASSIGNED 05 11/01/02 0 1230122262 O 10/01/17 0 8225641 074/074 F 394,167.00 ZZ 180 392,782.52 1 5.750 3,273.20 44 5.500 3,273.20 SANTA ANA CA 92705 2 10/05/02 00 TO BE ASSIGNED 05 12/01/02 0 1231072909 O 11/01/17 0 8225643 074/074 F 531,326.00 ZZ 180 529,459.76 1 5.750 4,412.18 62 5.500 4,412.18 YORBA LINDA CA 92887 2 10/07/02 00 TO BE ASSIGNED 05 12/01/02 0 1231072910 O 11/01/17 0 8225645 074/074 F 540,000.00 ZZ 180 519,892.51 1 6.500 4,703.98 63 6.250 4,703.98 SANTA MONICA CA 90403 1 12/17/01 00 TO BE ASSIGNED 05 02/01/02 0 1233121448 O 01/01/17 0 8225647 074/074 F 1,000,000.00 ZZ 180 996,524.64 1 5.875 8,371.19 69 5.625 8,371.19 GLENDALE CA 91206 5 10/02/02 00 TO BE ASSIGNED 05 12/01/02 0 1233137244 O 11/01/17 0 8225651 074/074 F 818,000.00 ZZ 180 812,419.99 1 1 6.125 6,958.11 67 5.875 6,958.11 MOUNTAIN VIEW CA 94040 2 09/12/02 00 TO BE ASSIGNED 05 11/01/02 0 1233139910 O 10/01/17 0 8225653 074/074 F 865,000.00 ZZ 180 859,161.83 1 6.250 7,416.71 56 6.000 7,416.71 CALABASAS CA 91302 2 09/19/02 00 TO BE ASSIGNED 05 11/01/02 0 1233141693 O 10/01/17 0 8225655 074/074 F 510,000.00 ZZ 180 506,557.84 1 6.250 4,372.86 30 6.000 4,372.86 SANTA MONICA CA 90402 2 09/19/02 00 TO BE ASSIGNED 05 11/01/02 0 1233141820 O 10/01/17 0 8225657 074/074 F 560,000.00 ZZ 180 556,260.49 1 6.375 4,839.80 80 6.125 4,839.80 STUDIO CITY CA 91604 5 09/23/02 00 TO BE ASSIGNED 05 11/01/02 0 1233155097 O 10/01/17 0 8225659 074/074 F 947,500.00 ZZ 180 941,105.03 1 6.250 8,124.08 75 6.000 8,124.08 LA CANADA FLINT CA 91011 2 09/18/02 00 TO BE ASSIGNED 05 11/01/02 0 1233155202 O 10/01/17 0 8225661 074/074 F 469,000.00 ZZ 180 465,523.04 1 6.000 3,957.69 35 5.750 3,957.69 MANHATTAN BEACH CA 90266 2 09/18/02 00 TO BE ASSIGNED 05 11/01/02 0 1 1233156872 O 10/01/17 0 8225663 074/074 F 400,000.00 ZZ 180 397,242.26 1 6.000 3,375.43 25 5.750 3,375.43 RANCHO PALOS VE CA 90275 2 09/25/02 00 TO BE ASSIGNED 03 11/01/02 0 1233158561 O 10/01/17 0 8225665 074/074 F 349,817.00 ZZ 180 348,601.27 1 5.875 2,928.38 65 5.625 2,928.38 ALPINE CA 91901 5 10/09/02 00 TO BE ASSIGNED 05 12/01/02 0 1235042025 O 11/01/17 0 8225667 074/074 F 342,844.00 ZZ 180 341,690.03 1 6.250 2,939.62 69 6.000 2,939.62 RANCHO SANTA MA CA 92688 5 10/04/02 00 TO BE ASSIGNED 03 12/01/02 0 1236059985 O 11/01/17 0 8225669 074/074 F 574,000.00 ZZ 180 571,962.41 1 5.625 4,728.22 30 5.375 4,728.22 NEWPORT COAST CA 92657 2 10/03/02 00 TO BE ASSIGNED 03 12/01/02 0 1236079199 O 11/01/17 0 8225671 074/074 F 352,000.00 ZZ 180 349,573.19 1 6.000 2,970.38 72 5.750 2,970.38 SOUTH PASADENA CA 91030 2 09/25/02 00 TO BE ASSIGNED 05 11/01/02 0 1240030251 O 10/01/17 0 1 8225673 074/074 F 390,000.00 ZZ 180 387,339.60 1 6.125 3,317.44 39 5.875 3,317.44 SAN DIEGO CA 92103 2 09/07/02 00 TO BE ASSIGNED 05 11/01/02 0 1243077910 O 10/01/17 0 8225677 074/074 F 575,000.00 ZZ 180 571,201.16 1 6.500 5,008.87 53 6.250 5,008.87 CORONADO CA 92118 1 09/19/02 00 TO BE ASSIGNED 06 11/01/02 0 1243078287 N 10/01/17 0 8225679 074/074 F 454,000.00 ZZ 180 450,869.97 1 6.000 3,831.11 55 5.750 3,831.11 SAN DIEGO CA 92130 2 09/20/02 00 TO BE ASSIGNED 03 11/01/02 0 1243079596 O 10/01/17 0 8225681 074/074 F 780,000.00 ZZ 180 774,735.53 1 6.250 6,687.90 57 6.000 6,687.90 SAN DIEGO CA 92106 2 09/21/02 00 TO BE ASSIGNED 05 11/01/02 0 1243081259 O 10/01/17 0 8225685 074/074 F 536,000.00 ZZ 180 532,343.66 1 6.125 4,559.35 59 5.875 4,559.35 SAN DIEGO CA 92130 2 09/22/02 00 TO BE ASSIGNED 05 11/01/02 0 1243082320 O 10/01/17 0 8225687 074/074 F 499,900.00 ZZ 180 496,416.83 1 5.875 4,184.76 56 5.625 4,184.76 1 DEL MAR CA 92014 2 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1243083334 O 10/01/17 0 8225689 074/074 F 376,500.00 ZZ 180 367,850.50 1 5.875 3,151.75 35 5.625 3,151.75 SAN DEIGO CA 92130 2 09/18/02 00 TO BE ASSIGNED 03 11/01/02 0 1243083786 O 10/01/17 0 8225691 074/074 F 775,000.00 ZZ 180 772,306.60 1 5.875 6,487.67 39 5.625 6,487.67 BEVERLY HILLS CA 90210 5 10/03/02 00 TO BE ASSIGNED 05 12/01/02 0 1246087036 O 11/01/17 0 8225693 074/074 F 360,000.00 ZZ 180 358,762.12 1 6.000 3,037.88 56 5.750 3,037.88 ENCINO CA 91436 2 10/03/02 00 TO BE ASSIGNED 05 12/01/02 0 1246089009 O 11/01/17 0 8225695 074/074 F 900,000.00 ZZ 180 896,970.69 1 6.250 7,716.81 67 6.000 7,716.81 SHERMAN OAKS CA 91423 2 10/04/02 00 TO BE ASSIGNED 05 12/01/02 0 1246092207 O 11/01/17 0 8225697 074/074 F 580,000.00 ZZ 180 577,984.29 1 5.875 4,855.29 49 5.625 4,855.29 BELL CANYON CA 91307 2 10/07/02 00 TO BE ASSIGNED 03 12/01/02 0 1246096354 O 11/01/17 0 1 8225701 074/074 F 419,000.00 ZZ 120 408,773.33 1 6.000 4,651.76 45 5.750 4,651.76 CHATSWORTH CA 91311 2 10/03/02 00 TO BE ASSIGNED 05 12/01/02 0 1246096842 O 11/01/12 0 8225703 074/074 F 430,000.00 ZZ 180 427,035.45 1 6.000 3,628.58 79 5.750 3,628.58 HENDERSON NV 89052 2 09/09/02 00 TO BE ASSIGNED 03 11/01/02 0 1251310170 O 10/01/17 0 8225705 074/074 F 394,000.00 ZZ 180 392,616.10 1 5.750 3,271.82 79 5.500 3,271.82 HENDERSON NV 89014 2 10/17/02 00 TO BE ASSIGNED 03 12/01/02 0 1251310329 O 11/01/17 0 8225707 074/074 F 539,300.00 ZZ 180 537,405.75 1 5.750 4,478.40 61 5.500 4,478.40 LAS VEGAS NV 89134 2 10/10/02 00 TO BE ASSIGNED 03 12/01/02 0 1251314308 O 11/01/17 0 8225711 074/074 F 475,000.00 ZZ 180 471,725.19 1 6.000 4,008.32 76 5.750 4,008.32 RENO NV 89509 2 09/23/02 00 TO BE ASSIGNED 05 11/01/02 0 1253119450 O 10/01/17 0 8225715 074/074 F 1,000,000.00 T 180 996,487.57 1 1 5.750 8,304.10 39 5.500 8,304.10 NAPA CA 94558 5 10/01/02 00 TO BE ASSIGNED 05 12/01/02 0 1260021388 O 11/01/17 0 8225717 074/074 F 316,500.00 ZZ 180 314,317.94 1 6.000 2,670.81 64 5.750 2,670.81 VALLEJO CA 94591 2 09/24/02 00 TO BE ASSIGNED 03 11/01/02 0 1263038503 O 10/01/17 0 8225719 074/074 F 781,000.00 ZZ 180 775,615.53 1 6.000 6,590.52 71 5.750 6,590.52 PISMO BEACH CA 93449 2 09/21/02 00 TO BE ASSIGNED 05 11/01/02 0 1264021110 O 10/01/17 0 8225721 074/074 F 502,100.00 ZZ 180 498,638.35 1 6.000 4,237.01 63 5.750 4,237.01 SAN LUIS OBISPO CA 93401 2 09/20/02 00 TO BE ASSIGNED 03 11/01/02 0 1264021324 O 10/01/17 0 8225723 074/074 F 376,000.00 ZZ 180 373,380.13 1 5.875 3,147.57 38 5.625 3,147.57 MENLO PARK CA 94025 2 09/30/02 00 TO BE ASSIGNED 05 11/01/02 0 1265022843 O 10/01/17 0 8225729 074/074 F 945,000.00 ZZ 180 941,886.78 1 6.500 8,231.97 17 6.250 8,231.97 ATHERTON CA 94027 2 10/07/02 00 TO BE ASSIGNED 05 12/01/02 0 1 1265023245 O 11/01/17 0 8225731 074/074 F 416,000.00 ZZ 180 414,554.26 1 5.875 3,482.41 57 5.625 3,482.41 SAN CARLOS CA 94070 5 10/01/02 00 TO BE ASSIGNED 05 12/01/02 0 1265023347 O 11/01/17 0 8225735 074/074 F 475,000.00 ZZ 180 473,349.21 1 5.875 3,976.31 69 5.625 3,976.31 SOUTH SAN FRANC CA 94080 5 10/08/02 00 TO BE ASSIGNED 05 12/01/02 0 1265023380 O 11/01/17 0 8225737 074/074 F 494,000.00 ZZ 180 490,557.94 1 5.875 4,135.37 27 5.625 4,135.37 SANTA BARBARA CA 93110 2 09/16/02 00 TO BE ASSIGNED 03 11/01/02 0 1266034247 O 10/01/17 0 8225739 074/074 F 950,000.00 ZZ 180 940,251.49 1 6.000 8,016.64 75 5.750 8,016.64 SANTA BARBARA CA 93111 2 10/05/02 00 TO BE ASSIGNED 05 12/01/02 0 1266036311 O 11/01/17 0 8225741 074/074 F 500,000.00 ZZ 180 496,552.84 1 6.000 4,219.28 44 5.750 4,219.28 SANTA ROSA CA 95404 5 09/19/02 00 TO BE ASSIGNED 05 11/01/02 0 1269024079 O 10/01/17 0 1 8225743 074/074 F 770,000.00 ZZ 180 767,352.30 1 6.000 6,497.70 27 5.750 6,497.70 SANTA ROSA CA 95404 2 10/10/02 00 TO BE ASSIGNED 05 12/01/02 0 1269028127 O 11/01/17 0 8225747 074/074 F 326,200.00 ZZ 180 325,042.05 1 5.625 2,687.01 39 5.375 2,687.01 NIWOT CO 80503 2 10/16/02 00 TO BE ASSIGNED 03 12/01/02 0 1272129610 O 11/01/17 0 8225749 074/074 F 716,000.00 ZZ 180 713,564.10 1 6.125 6,090.48 58 5.875 6,090.48 CAMARILLO CA 93012 2 10/02/02 00 TO BE ASSIGNED 05 12/01/02 0 1276031427 O 11/01/17 0 8225751 074/074 F 349,000.00 ZZ 180 347,787.11 1 5.875 2,921.54 56 5.625 2,921.54 MORAGA CA 94556 2 10/16/02 00 TO BE ASSIGNED 03 12/01/02 0 1277041404 O 11/01/17 0 8225755 074/074 F 433,000.00 ZZ 180 430,014.76 1 6.000 3,653.90 44 5.750 3,653.90 CORONADO CA 92118 2 09/17/02 00 TO BE ASSIGNED 05 11/01/02 0 1277043578 O 10/01/17 0 8225757 074/074 F 345,000.00 ZZ 180 343,826.28 1 6.125 2,934.66 39 5.875 2,934.66 1 BELLEVUE WA 98004 2 10/10/02 00 TO BE ASSIGNED 05 12/01/02 0 1277043793 O 11/01/17 0 8225759 074/074 F 456,600.00 ZZ 180 455,063.13 1 6.250 3,914.99 52 6.000 3,914.99 CAMARILLO CA 93010 2 10/03/02 00 TO BE ASSIGNED 03 12/01/02 0 1279032437 O 11/01/17 0 8225761 074/074 F 413,000.00 ZZ 180 411,564.68 1 5.875 3,457.30 80 5.625 3,457.30 FAIR OAKS CA 95628 2 10/07/02 00 TO BE ASSIGNED 05 12/01/02 0 1286055148 O 11/01/17 0 8225763 074/074 F 396,600.00 ZZ 180 395,250.73 1 6.125 3,373.58 56 5.875 3,373.58 LATROBE CA 95682 2 09/27/02 00 TO BE ASSIGNED 03 12/01/02 0 1287030732 O 11/01/17 0 8225765 074/074 F 600,000.00 ZZ 180 597,892.54 1 5.750 4,982.46 50 5.500 4,982.46 NEWPORT BEACH CA 92657 1 10/09/02 00 TO BE ASSIGNED 03 12/01/02 0 1292004505 O 11/01/17 0 8225769 074/074 F 268,000.00 ZZ 180 267,145.25 2 6.875 2,390.17 80 6.625 2,390.17 FORT LAUDERDALE FL 33315 1 10/07/02 00 TO BE ASSIGNED 05 12/01/02 0 1301271089 O 11/01/17 0 1 8225773 074/074 F 530,000.00 ZZ 180 528,138.41 1 5.750 4,401.17 68 5.500 4,401.17 BOCA RATON FL 33486 5 10/25/02 00 TO BE ASSIGNED 03 12/01/02 0 1302118804 O 11/01/17 0 8225775 074/074 F 473,000.00 ZZ 180 469,773.41 1 6.125 4,023.46 64 5.875 4,023.46 MIAMI FL 33133 2 09/24/02 00 TO BE ASSIGNED 03 11/01/02 0 1302118972 O 10/01/17 0 8225777 074/074 F 425,000.00 ZZ 180 422,069.91 1 6.000 3,586.39 74 5.750 3,586.39 CORAL GABLES FL 33134 5 09/23/02 00 TO BE ASSIGNED 05 11/01/02 0 1302119002 O 10/01/17 0 8225779 074/074 F 445,000.00 ZZ 180 443,436.96 1 5.750 3,695.33 64 5.500 3,695.33 FT LAUDERDALE FL 33308 2 10/25/02 00 TO BE ASSIGNED 05 12/01/02 0 1302120180 O 11/01/17 0 8225781 074/074 F 358,000.00 ZZ 180 356,768.99 1 6.000 3,021.01 63 5.750 3,021.01 CAMPBELL CA 95008 2 10/07/02 00 TO BE ASSIGNED 05 12/01/02 0 1561749947 O 11/01/17 0 8225783 074/074 F 356,000.00 ZZ 180 354,749.57 1 1 5.750 2,956.26 80 5.500 2,956.26 DURANGO CO 81301 5 10/07/02 00 TO BE ASSIGNED 05 12/01/02 0 1561751632 O 11/01/17 0 8225785 074/074 F 688,500.00 ZZ 180 683,951.31 1 6.500 5,997.58 63 6.250 5,997.58 FORT SMITH AR 72916 2 09/18/02 00 TO BE ASSIGNED 05 11/01/02 0 1563598490 O 10/01/17 0 8225789 074/074 F 750,000.00 ZZ 180 744,829.25 1 6.000 6,328.93 38 5.750 6,328.93 OKLAHOMA CITY OK 73142 1 09/27/02 00 TO BE ASSIGNED 05 11/01/02 0 1563634516 O 10/01/17 0 8225791 074/074 F 454,100.00 ZZ 180 450,935.95 1 5.875 3,801.36 60 5.625 3,801.36 UNIVERSITY PARK TX 75225 2 09/30/02 00 TO BE ASSIGNED 05 11/01/02 0 1563641227 O 10/01/17 0 8225793 074/074 F 966,500.00 ZZ 180 963,141.06 1 5.875 8,090.76 65 5.625 8,090.76 DENVER CO 80227 2 10/17/02 00 TO BE ASSIGNED 05 12/01/02 0 1563643732 O 11/01/17 0 8225795 074/074 F 411,800.00 ZZ 180 410,353.58 1 5.750 3,419.63 76 5.500 3,419.63 DALLAS TX 75230 2 10/09/02 00 TO BE ASSIGNED 05 12/01/02 0 1 1563644790 O 11/01/17 0 8225799 074/074 F 400,000.00 ZZ 180 397,300.25 1 6.250 3,429.70 74 6.000 3,429.70 ATLANTA GA 30350 5 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1577914292 O 10/01/17 0 8225801 074/074 F 400,000.00 ZZ 180 397,242.26 1 6.000 3,375.43 80 5.750 3,375.43 CHARLOTTE NC 28210 5 09/23/02 00 TO BE ASSIGNED 03 11/01/02 0 1577918453 O 10/01/17 0 8225803 074/074 F 390,000.00 ZZ 180 388,615.57 1 5.625 3,212.56 70 5.375 3,212.56 CHARLOTTE NC 28277 2 10/15/02 00 TO BE ASSIGNED 03 12/01/02 0 1577939078 O 11/01/17 0 8225807 074/074 F 400,000.00 ZZ 180 398,580.07 1 5.625 3,294.93 64 5.375 3,294.93 MOUNT PLEASANT SC 29465 5 10/18/02 00 TO BE ASSIGNED 05 12/01/02 0 1577940328 O 11/01/17 0 8225809 074/074 F 322,500.00 ZZ 180 320,252.91 1 5.875 2,699.71 75 5.625 2,699.71 CORAOPOLIS PA 15108 2 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1581856418 O 10/01/17 0 1 8225813 074/074 F 600,000.00 ZZ 180 594,037.87 1 6.500 5,226.65 71 6.250 5,226.65 BLUE SPRINGS MO 64015 5 08/14/02 00 TO BE ASSIGNED 05 10/01/02 0 1583601189 O 09/01/17 0 8225815 074/074 F 129,000.00 ZZ 180 128,561.13 1 6.125 1,097.31 65 5.875 1,097.31 SAINT LOUIS MO 63128 5 10/07/02 00 TO BE ASSIGNED 05 12/01/02 0 1583637540 O 11/01/17 0 8225817 074/074 F 450,000.00 ZZ 180 446,962.79 1 6.250 3,858.41 52 6.000 3,858.41 MISSION WOODS KS 66205 5 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1583641966 O 10/01/17 0 8225819 074/074 F 460,000.00 ZZ 180 458,418.25 1 6.000 3,881.75 80 5.750 3,881.75 WEST CHICAGO IL 60185 5 10/02/02 00 TO BE ASSIGNED 05 12/01/02 0 1583661431 O 11/01/17 0 8225823 074/074 F 591,000.00 ZZ 180 586,882.06 1 5.875 4,947.38 68 5.625 4,947.38 CHICAGO IL 60615 2 09/25/02 00 TO BE ASSIGNED 05 11/01/02 0 1583665680 O 10/01/17 0 8225825 074/074 F 150,000.00 ZZ 180 148,587.28 1 7.125 1,358.75 63 6.875 1,358.75 1 WILLIAMSTOWN NJ 08094 1 08/26/02 00 1587676576 05 10/01/02 0 1587676576 O 09/01/17 0 8225827 074/074 F 349,000.00 ZZ 180 346,593.86 1 6.000 2,945.07 56 5.750 2,945.07 BRYN MAWR PA 19010 2 09/04/02 00 TO BE ASSIGNED 05 11/01/02 0 1587760457 O 10/01/17 0 8225829 074/074 F 600,000.00 ZZ 180 597,914.78 1 5.875 5,022.72 39 5.625 5,022.72 DARIEN CT 06820 5 10/07/02 00 1587761336 05 12/01/02 0 1587761336 O 11/01/17 0 8225831 074/074 F 416,000.00 ZZ 180 411,822.00 1 6.375 3,595.29 80 6.125 3,595.29 VIENNA VA 22182 5 08/14/02 00 TO BE ASSIGNED 05 10/01/02 0 1587764764 O 09/01/17 0 8225851 074/074 F 450,000.00 ZZ 180 446,897.54 1 6.000 3,797.36 70 5.750 3,797.36 FALMOUTH ME 04105 2 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1587773277 O 10/01/17 0 8225853 074/074 F 448,000.00 ZZ 180 446,392.80 1 5.500 3,660.53 80 5.250 3,660.53 FT LAUDERDALE FL 33316 1 10/25/02 00 TO BE ASSIGNED 01 12/01/02 0 1302125402 O 11/01/17 0 1 8225855 074/074 F 434,000.00 ZZ 180 430,911.53 1 5.625 3,575.00 40 5.375 3,575.00 NORTH PALM BEAC FL 33408 2 09/23/02 00 TO BE ASSIGNED 03 11/01/02 0 1303080977 O 10/01/17 0 8225857 074/074 F 341,000.00 ZZ 180 338,649.04 1 6.000 2,877.55 41 5.750 2,877.55 KEY BISCAYNE FL 33149 2 09/25/02 00 TO BE ASSIGNED 05 11/01/02 0 1311449212 O 10/01/17 0 8225861 074/074 F 682,000.00 ZZ 180 676,607.75 1 6.125 5,801.26 72 5.875 5,801.26 CORAL GABLES FL 33134 2 09/23/02 00 TO BE ASSIGNED 05 11/01/02 0 1311452410 O 10/01/17 0 8225865 074/074 F 500,000.00 ZZ 180 498,206.25 1 5.500 4,085.42 69 5.250 4,085.42 KEY BISCAYNE FL 33149 1 10/18/02 00 TO BE ASSIGNED 01 12/01/02 0 1311457174 O 11/01/17 0 8225869 074/074 F 388,000.00 ZZ 180 386,651.56 1 5.875 3,248.02 71 5.625 3,248.02 CORAL GABLES FL 33156 2 10/04/02 00 TO BE ASSIGNED 05 12/01/02 0 1311457797 O 11/01/17 0 8225871 074/074 F 500,000.00 ZZ 180 498,243.78 1 1 5.750 4,152.05 80 5.500 4,152.05 MIAMI FL 33157 5 10/17/02 00 TO BE ASSIGNED 05 12/01/02 0 1311458257 O 11/01/17 0 8225873 074/074 F 700,000.00 ZZ 180 689,825.97 1 6.000 5,907.00 72 5.750 5,907.00 ALPHARETTA GA 30022 2 09/30/02 00 TO BE ASSIGNED 03 11/01/02 0 1336068310 O 10/01/17 0 8225875 074/074 F 319,000.00 ZZ 180 317,914.74 1 6.125 2,713.49 80 5.875 2,713.49 WOODSTOCK GA 30189 2 10/11/02 00 TO BE ASSIGNED 03 12/01/02 0 1336068365 O 11/01/17 0 8225877 074/074 F 930,000.00 ZZ 180 926,733.44 1 5.750 7,722.81 40 5.500 7,722.81 ATLANTA GA 30305 2 10/03/02 00 TO BE ASSIGNED 05 12/01/02 0 1336071246 O 11/01/17 0 8225881 074/074 F 376,500.00 ZZ 180 375,177.57 1 5.750 3,126.49 60 5.500 3,126.49 MARIETTA GA 30062 2 10/15/02 00 TO BE ASSIGNED 03 12/01/02 0 1336071643 O 11/01/17 0 8225883 074/074 F 631,614.00 ZZ 180 627,259.44 1 6.000 5,329.92 80 5.750 5,329.92 TAMPA FL 33613 5 09/25/02 00 TO BE ASSIGNED 03 11/01/02 0 1 1361166388 O 10/01/17 0 8225885 074/074 F 480,000.00 ZZ 180 478,331.83 1 5.875 4,018.17 80 5.625 4,018.17 MIAMI FL 33133 5 10/16/02 00 TO BE ASSIGNED 05 12/01/02 0 1391135474 O 11/01/17 0 8225889 074/074 F 431,753.00 ZZ 180 430,284.14 1 6.125 3,672.60 35 5.875 3,672.60 DENVER CO 80220 2 10/16/02 00 TO BE ASSIGNED 05 12/01/02 0 1461255796 O 11/01/17 0 8225891 074/074 F 515,000.00 ZZ 180 513,229.14 1 6.000 4,345.86 59 5.750 4,345.86 MERCER ISLAND WA 98040 5 10/12/02 00 TO BE ASSIGNED 05 12/01/02 0 1471077479 O 11/01/17 0 8225893 074/074 F 342,000.00 ZZ 120 339,884.64 1 5.750 3,754.11 48 5.500 3,754.11 NORMANDY PARK WA 98166 2 10/25/02 00 TO BE ASSIGNED 05 12/01/02 0 1471081760 O 11/01/12 0 8225895 074/074 F 355,880.00 ZZ 180 353,426.44 1 6.000 3,003.12 75 5.750 3,003.12 SALT LAKE CITY UT 84103 2 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1497063764 O 10/01/17 0 1 8225897 074/074 F 432,000.00 ZZ 180 429,021.65 1 6.000 3,645.46 80 5.750 3,645.46 VIENNA VA 22182 5 09/09/02 00 TO BE ASSIGNED 03 11/01/02 0 1514391859 O 10/01/17 0 8225899 074/074 F 452,000.00 ZZ 180 450,445.77 1 6.000 3,814.23 80 5.750 3,814.23 PHILADELPHIA PA 19103 1 10/16/02 00 TO BE ASSIGNED 05 12/01/02 0 1514412960 O 11/01/17 0 8225901 074/074 F 360,000.00 ZZ 180 357,544.25 1 6.125 3,062.25 42 5.875 3,062.25 LOUISVILLE KY 40207 2 08/30/02 00 TO BE ASSIGNED 05 11/01/02 0 1516717480 O 10/01/17 0 8225903 074/074 F 603,800.00 ZZ 180 599,637.20 1 6.000 5,095.21 55 5.750 5,095.21 SUMMERFIELD FL 34491 2 09/09/02 00 TO BE ASSIGNED 05 11/01/02 0 1516717855 O 10/01/17 0 8225905 074/074 F 628,000.00 ZZ 180 623,670.36 1 6.000 5,299.42 55 5.750 5,299.42 ALPHARETTA GA 30022 2 09/11/02 00 TO BE ASSIGNED 03 11/01/02 0 1516719410 O 10/01/17 0 8225907 074/074 F 932,000.00 ZZ 180 925,574.48 1 6.000 7,864.75 68 5.750 7,864.75 1 MOBILE AL 36608 2 09/06/02 00 TO BE ASSIGNED 05 11/01/02 0 1516725081 O 10/01/17 0 8225911 074/074 F 384,000.00 ZZ 180 381,324.39 1 5.875 3,214.54 80 5.625 3,214.54 MIAMI FL 33129 1 09/27/02 00 TO BE ASSIGNED 01 11/01/02 0 1516736510 O 10/01/17 0 8225913 074/074 F 385,000.00 ZZ 180 382,373.70 1 6.125 3,274.91 65 5.875 3,274.91 DULUTH GA 30097 2 09/23/02 00 TO BE ASSIGNED 03 11/01/02 0 1516738265 O 10/01/17 0 8225915 074/074 F 350,000.00 ZZ 180 347,463.45 1 5.875 2,929.92 79 5.625 2,929.92 BIRMINGHAM AL 35223 5 09/17/02 00 TO BE ASSIGNED 05 11/01/02 0 1516743710 O 10/01/17 0 8225919 074/074 F 477,700.00 ZZ 180 474,336.18 1 5.750 3,966.87 40 5.500 3,966.87 VERO BEACH FL 32963 2 09/26/02 00 TO BE ASSIGNED 03 11/01/02 0 1516773120 O 10/01/17 0 8225921 074/074 F 336,000.00 ZZ 180 333,633.98 1 5.750 2,790.18 64 5.500 2,790.18 ROANOKE TX 76262 2 09/20/02 00 TO BE ASSIGNED 03 11/01/02 0 1516773721 O 10/01/17 0 1 8225925 074/074 F 374,000.00 ZZ 180 371,394.08 1 5.875 3,130.82 67 5.625 3,130.82 GREENSBORO NC 27405 2 09/30/02 00 TO BE ASSIGNED 05 11/01/02 0 1516778317 O 10/01/17 0 8225929 074/074 F 317,500.00 ZZ 180 316,372.93 1 5.625 2,615.35 76 5.375 2,615.35 MARIETTA GA 30067 2 10/11/02 00 TO BE ASSIGNED 03 12/01/02 0 1516788762 O 11/01/17 0 8225931 074/074 F 805,000.00 ZZ 180 799,450.06 1 6.000 6,793.05 70 5.750 6,793.05 LAKE OZARK MO 65049 1 09/17/02 00 TO BE ASSIGNED 05 11/01/02 0 1517297518 O 10/01/17 0 8225933 074/074 F 312,350.00 ZZ 180 310,196.55 1 6.000 2,635.79 85 5.750 2,635.79 SEATTLE WA 98116 1 09/09/02 11 TO BE ASSIGNED 05 11/01/02 12 1517315267 O 10/01/17 0 8225935 074/074 F 543,000.00 ZZ 180 539,335.11 1 6.250 4,655.81 77 6.000 4,655.81 BELLEVUE WA 98006 2 09/24/02 00 TO BE ASSIGNED 03 11/01/02 0 1517318695 O 10/01/17 0 8225939 074/074 F 391,600.00 ZZ 180 388,928.68 1 1 6.125 3,331.05 40 5.875 3,331.05 MERCER ISLAND WA 98040 2 09/12/02 00 TO BE ASSIGNED 05 11/01/02 0 1517344301 O 10/01/17 0 8225941 074/074 F 340,000.00 ZZ 180 337,630.98 1 5.875 2,846.20 72 5.625 2,846.20 POULSBO WA 98370 2 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1517345723 O 10/01/17 0 8225951 074/074 F 316,000.00 ZZ 180 313,742.10 1 5.750 2,624.10 80 5.500 2,624.10 BOTHELL WA 98021 5 09/17/02 00 TO BE ASSIGNED 03 11/01/02 0 1517372362 O 10/01/17 0 8225953 074/074 F 400,000.00 ZZ 180 398,595.03 1 5.750 3,321.64 41 5.500 3,321.64 PALOS PARK IL 60464 2 10/01/02 00 TO BE ASSIGNED 05 12/01/02 0 1517372817 O 11/01/17 0 8225955 074/074 F 408,000.00 ZZ 180 405,187.11 1 6.000 3,442.94 62 5.750 3,442.94 IRVINE CA 92620 2 10/10/02 00 TO BE ASSIGNED 05 11/01/02 0 1519242222 O 10/01/17 0 8225957 074/074 F 440,000.00 ZZ 180 432,750.38 1 6.625 3,863.17 80 6.375 3,863.17 SANTA CLARITA CA 91355 1 06/18/02 00 TO BE ASSIGNED 03 08/01/02 0 1 1519275731 O 07/01/17 0 8225963 074/074 F 707,200.00 ZZ 180 704,794.05 1 6.125 6,015.62 28 5.875 6,015.62 AUSTIN TX 78746 2 10/03/02 00 TO BE ASSIGNED 03 12/01/02 0 1520065690 O 11/01/17 0 8225967 074/074 F 606,300.00 ZZ 180 602,104.40 1 6.000 5,116.30 56 5.750 5,116.30 AUSTIN TX 78746 2 10/26/02 00 TO BE ASSIGNED 03 11/01/02 0 1520065714 O 10/01/17 0 8225973 074/074 F 308,597.00 ZZ 180 306,469.43 1 6.000 2,604.12 18 5.750 2,604.12 HOUSTON TX 77024 2 09/25/02 00 TO BE ASSIGNED 05 11/01/02 0 1521113506 O 10/01/17 0 8225975 074/074 F 679,700.00 ZZ 180 677,261.57 1 5.500 5,553.72 60 5.250 5,553.72 HOUSTON TX 77005 2 10/07/02 00 TO BE ASSIGNED 05 12/01/02 0 1521113970 O 11/01/17 0 8225977 074/074 F 482,640.00 ZZ 180 479,241.40 1 5.750 4,007.89 70 5.500 4,007.89 HOUSTON TX 77005 2 09/23/02 00 TO BE ASSIGNED 05 11/01/02 0 1521113980 O 10/01/17 0 1 8225983 074/074 F 487,200.00 ZZ 180 483,911.72 1 6.250 4,177.37 80 6.000 4,177.37 PARAMUS NJ 07652 2 09/23/02 00 1587773812 05 11/01/02 0 1587773812 O 10/01/17 0 8225985 074/074 F 455,000.00 ZZ 180 451,896.19 1 6.125 3,870.35 70 5.875 3,870.35 CANTON MA 02021 2 09/20/02 00 TO BE ASSIGNED 05 11/01/02 0 1587774881 O 10/01/17 0 8225987 074/074 F 455,000.00 ZZ 180 451,863.08 1 6.000 3,839.55 21 5.750 3,839.55 GREENWICH CT 06830 2 09/25/02 00 1587778951 05 11/01/02 0 1587778951 O 10/01/17 0 8225991 074/074 F 422,000.00 ZZ 180 420,579.59 1 6.250 3,618.33 74 6.000 3,618.33 WASHINGTON DC 20009 2 10/08/02 00 TO BE ASSIGNED 01 12/01/02 0 1587788536 O 11/01/17 0 8225993 074/074 F 406,000.00 ZZ 180 404,603.94 1 6.000 3,426.06 49 5.750 3,426.06 CABIN JOHN MD 20818 2 10/07/02 00 TO BE ASSIGNED 05 12/01/02 0 1587793037 O 11/01/17 0 8225997 074/074 F 316,000.00 ZZ 180 313,867.20 1 6.250 2,709.46 76 6.000 2,709.46 1 ROANOKE VA 24018 5 09/20/02 00 TO BE ASSIGNED 05 11/01/02 0 1587794197 O 10/01/17 0 8225999 074/074 F 382,000.00 ZZ 180 379,366.35 1 6.000 3,223.54 71 5.750 3,223.54 NORWALK CT 06855 2 09/23/02 00 1587794335 05 11/01/02 0 1587794335 O 10/01/17 0 8226001 074/074 F 454,000.00 ZZ 180 452,438.89 1 6.000 3,831.11 40 5.750 3,831.11 BETHESDA MD 20817 2 10/10/02 00 TO BE ASSIGNED 05 12/01/02 0 1587794754 O 11/01/17 0 8226003 074/074 F 560,000.00 ZZ 180 556,139.17 1 6.000 4,725.60 74 5.750 4,725.60 FAIRFAX VA 22033 5 09/25/02 00 TO BE ASSIGNED 03 11/01/02 0 1587794914 O 10/01/17 0 8226005 074/074 F 323,000.00 ZZ 180 320,796.65 1 6.125 2,747.52 49 5.875 2,747.52 FAIRFAX VA 22030 2 09/26/02 00 TO BE ASSIGNED 05 11/01/02 0 1587795270 O 10/01/17 0 8226007 074/074 F 830,000.00 ZZ 180 827,115.45 1 5.875 6,948.09 31 5.625 6,948.09 BETHESDA MD 20814 2 10/07/02 00 TO BE ASSIGNED 05 12/01/02 0 1587797741 O 11/01/17 0 1 8226009 074/074 F 958,000.00 ZZ 180 951,324.92 1 5.875 8,019.60 37 5.625 8,019.60 CHEVY CHASE MD 20815 2 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1587798314 O 10/01/17 0 8226011 074/074 F 546,000.00 ZZ 180 544,102.45 1 5.875 4,570.67 65 5.625 4,570.67 FAIRFAX STATION VA 22039 2 10/11/02 00 TO BE ASSIGNED 03 12/01/02 0 1587799543 O 11/01/17 0 8226013 074/074 F 450,000.00 ZZ 180 446,897.54 1 6.000 3,797.36 53 5.750 3,797.36 CHEVY CHASE MD 20815 2 09/30/02 00 TO BE ASSIGNED 05 11/01/02 0 1587801510 O 10/01/17 0 8226015 074/074 F 135,000.00 ZZ 180 134,108.09 4 6.500 1,176.00 90 6.250 1,176.00 BROADWAY VA 22815 1 10/04/02 11 TO BE ASSIGNED 05 11/01/02 25 1587804905 N 10/01/17 0 8226019 074/074 F 400,000.00 ZZ 180 398,595.02 1 5.750 3,321.65 80 5.500 3,321.65 ALEXANDRIA VA 22314 2 10/04/02 00 TO BE ASSIGNED 05 12/01/02 0 1587805624 O 11/01/17 0 8226021 074/074 F 613,000.00 ZZ 180 610,846.87 1 1 5.750 5,090.42 59 5.500 5,090.42 WATERFORD CT 06385 2 10/02/02 00 1587809240 05 12/01/02 0 1587809240 O 11/01/17 0 8226025 074/074 F 371,450.00 ZZ 180 367,110.69 1 5.750 3,084.56 20 5.500 3,084.56 GLADWYNE PA 19035 2 09/27/02 00 TO BE ASSIGNED 05 11/01/02 0 1587809363 O 10/01/17 0 8226027 074/074 F 350,000.00 ZZ 180 348,783.62 1 5.875 2,929.92 65 5.625 2,929.92 BETHESDA MD 20817 2 10/04/02 00 TO BE ASSIGNED 03 12/01/02 0 1587812801 O 11/01/17 0 8226029 074/074 F 325,000.00 ZZ 180 323,858.45 1 5.750 2,698.84 65 5.500 2,698.84 ALEXANDRIA VA 22305 5 10/09/02 00 TO BE ASSIGNED 05 12/01/02 0 1587813429 O 11/01/17 0 8226031 074/074 F 475,000.00 ZZ 180 470,075.50 1 6.000 4,008.32 42 5.750 4,008.32 TEQUESTA FL 33469 2 08/15/02 00 TO BE ASSIGNED 05 10/01/02 0 1589928975 O 09/01/17 0 8226033 074/074 F 339,000.00 ZZ 180 337,821.85 1 5.875 2,837.84 60 5.625 2,837.84 DOYLESTOWN PA 18901 2 10/21/02 00 TO BE ASSIGNED 05 12/01/02 0 1 1587817099 O 11/01/17 0 8226035 074/074 F 335,000.00 ZZ 180 333,835.75 1 5.875 2,804.35 72 5.625 2,804.35 MIAMI FL 33126 5 09/27/02 00 TO BE ASSIGNED 05 12/01/02 0 1589953189 O 11/01/17 0 8226037 074/074 F 555,000.00 ZZ 180 553,050.60 1 5.750 4,608.78 62 5.500 4,608.78 PINECREST FL 33156 2 10/09/02 00 TO BE ASSIGNED 05 12/01/02 0 1589953768 O 11/01/17 0 8226041 074/074 F 336,000.00 ZZ 180 334,844.64 1 6.000 2,835.36 80 5.750 2,835.36 MIAMI FL 33173 5 09/30/02 00 TO BE ASSIGNED 05 12/01/02 0 1589958353 O 11/01/17 0 8226043 074/074 F 399,750.00 T 180 398,345.90 1 5.750 3,319.57 75 5.500 3,319.57 SEA ISLE CITY NJ 08243 5 10/09/02 00 1590462774 01 12/01/02 0 1590462774 O 11/01/17 0 8226047 074/074 F 480,000.00 T 180 476,218.09 1 6.125 4,083.00 74 5.875 4,083.00 LAHAINA HI 96761 2 09/11/02 00 TO BE ASSIGNED 01 11/01/02 0 1595432205 O 10/01/17 0 1 8226049 074/074 F 412,500.00 ZZ 180 409,636.90 1 6.000 3,480.91 79 5.750 3,480.91 LAKE FOREST CA 92630 5 09/17/02 00 TO BE ASSIGNED 03 11/01/02 0 1595436443 O 10/01/17 0 8226051 074/074 F 560,000.00 ZZ 180 556,260.47 1 6.375 4,839.81 80 6.125 4,839.81 CARLSBAD CA 92009 5 09/24/02 00 TO BE ASSIGNED 03 11/01/02 0 1595440043 O 10/01/17 0 8226053 074/074 F 432,000.00 ZZ 180 429,021.63 1 6.000 3,645.47 71 5.750 3,645.47 YORBA LINDA CA 92886 5 09/16/02 00 TO BE ASSIGNED 05 11/01/02 0 1595440677 O 10/01/17 0 8226055 074/074 F 395,000.00 ZZ 180 392,276.75 1 6.000 3,333.23 58 5.750 3,333.23 ORANGE CA 92867 2 09/19/02 00 TO BE ASSIGNED 05 11/01/02 0 1595443960 O 10/01/17 0 8226057 074/074 F 826,000.00 ZZ 180 823,159.74 1 6.000 6,970.26 65 5.750 6,970.26 HUNTINGTON BEAC CA 92648 2 10/01/02 00 TO BE ASSIGNED 03 12/01/02 0 1595444838 O 11/01/17 0 8226059 074/074 F 960,000.00 ZZ 180 953,381.43 1 6.000 8,101.03 74 5.750 8,101.03 1 MISSION VIEJO CA 92692 2 09/20/02 00 TO BE ASSIGNED 05 11/01/02 0 1595448250 O 10/01/17 0 8226061 074/074 F 478,500.00 ZZ 180 475,270.45 1 6.250 4,102.77 57 6.000 4,102.77 HUNTINGTON BEAC CA 92648 2 09/19/02 00 TO BE ASSIGNED 05 11/01/02 0 1595448260 O 10/01/17 0 8226063 074/074 F 490,000.00 ZZ 180 488,297.07 1 5.875 4,101.89 52 5.625 4,101.89 LOS ANGELES CA 90077 2 10/01/02 00 TO BE ASSIGNED 05 12/01/02 0 1595448453 O 11/01/17 0 8226065 074/074 F 640,000.00 ZZ 180 637,752.04 1 5.750 5,314.63 52 5.500 5,314.63 ROLLING HILLS E CA 90274 5 10/03/02 00 TO BE ASSIGNED 05 12/01/02 0 1595453453 O 11/01/17 0 8226067 074/074 F 775,000.00 ZZ 180 767,133.45 1 6.250 6,645.03 34 6.000 6,645.03 SANTA MONICA CA 90402 2 08/26/02 00 TO BE ASSIGNED 05 10/01/02 0 1596265084 O 09/01/17 0 8226069 074/074 F 1,000,000.00 ZZ 180 993,105.67 1 6.000 8,438.57 67 5.750 8,438.57 CANYON COUNTRY CA 91390 5 09/12/02 00 TO BE ASSIGNED 05 11/01/02 0 1596274370 O 10/01/17 0 1 8226073 074/074 F 928,000.00 ZZ 180 921,602.05 1 6.000 7,831.00 42 5.750 7,831.00 SAN MARINO CA 91108 2 09/16/02 00 TO BE ASSIGNED 05 11/01/02 0 1596275601 O 10/01/17 0 8226077 074/074 F 750,000.00 ZZ 180 742,387.20 1 6.250 6,430.68 47 6.000 6,430.68 DIAMOND BAR CA 91765 2 08/09/02 00 TO BE ASSIGNED 03 10/01/02 0 1596275871 O 09/01/17 0 8226079 074/074 F 900,000.00 ZZ 180 893,595.34 1 5.625 7,413.59 50 5.375 7,413.59 SANTA MONICA CA 90402 5 09/23/02 00 TO BE ASSIGNED 05 11/01/02 0 1596276954 O 10/01/17 0 8226081 074/074 F 490,000.00 ZZ 180 488,260.59 1 5.625 4,036.29 53 5.375 4,036.29 ENCINO AREA CA 91436 2 10/01/02 00 TO BE ASSIGNED 05 12/01/02 0 1596277072 O 11/01/17 0 8226085 074/074 F 428,000.00 ZZ 180 425,141.93 1 6.375 3,699.00 80 6.125 3,699.00 LEMOORE CA 93245 5 09/19/02 00 TO BE ASSIGNED 05 11/01/02 0 1596280226 O 10/01/17 0 8226087 074/074 F 365,000.00 ZZ 180 362,510.12 1 1 6.125 3,104.79 44 5.875 3,104.79 PALO ALTO CA 94306 2 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1596280703 O 10/01/17 0 8226089 074/074 F 420,000.00 ZZ 180 418,540.35 1 5.875 3,515.90 33 5.625 3,515.90 CALABASAS CA 91302 2 10/01/02 00 TO BE ASSIGNED 03 12/01/02 0 1596281660 O 11/01/17 0 8226091 074/074 F 345,000.00 ZZ 180 342,621.45 1 6.000 2,911.31 54 5.750 2,911.31 LOS ANGELES CA 90077 2 09/24/02 00 TO BE ASSIGNED 01 11/01/02 0 1596283789 O 10/01/17 0 8226093 074/074 F 812,000.00 ZZ 180 806,275.03 1 5.750 6,742.93 52 5.500 6,742.93 CALABASAS AREA CA 91302 2 09/20/02 00 TO BE ASSIGNED 05 11/01/02 0 1596285809 O 10/01/17 0 8226097 074/074 F 488,000.00 ZZ 180 486,304.03 1 5.875 4,085.14 49 5.625 4,085.14 SANTA MONICA CA 90405 2 10/04/02 00 TO BE ASSIGNED 05 12/01/02 0 1596286685 O 11/01/17 0 8226101 074/074 F 533,000.00 ZZ 180 529,249.57 1 6.000 4,497.76 69 5.750 4,497.76 ARCADIA CA 91006 2 09/20/02 00 TO BE ASSIGNED 05 11/01/02 0 1 1596288035 O 10/01/17 0 8226103 074/074 F 688,800.00 ZZ 180 684,051.18 1 6.000 5,812.49 68 5.750 5,812.49 SAN MARINO CA 91108 2 09/30/02 00 TO BE ASSIGNED 05 11/01/02 0 1596288104 O 10/01/17 0 8226105 074/074 F 480,000.00 ZZ 180 478,349.48 1 6.000 4,050.52 45 5.750 4,050.52 THOUSAND OAKS CA 91362 2 10/03/02 00 TO BE ASSIGNED 05 12/01/02 0 1596288669 O 11/01/17 0 8226107 074/074 F 404,500.00 ZZ 180 403,094.21 1 5.875 3,386.15 33 5.625 3,386.15 THOUSAND OAKS CA 91320 2 10/10/02 00 TO BE ASSIGNED 03 12/01/02 0 1596288771 O 11/01/17 0 8226109 074/074 F 1,000,000.00 ZZ 180 996,487.56 1 5.750 8,304.11 39 5.500 8,304.11 LOS ANGELES CA 91604 2 10/09/02 00 TO BE ASSIGNED 05 12/01/02 0 1596290274 O 11/01/17 0 8226111 074/074 F 364,000.00 ZZ 180 362,721.47 1 5.750 3,022.70 43 5.500 3,022.70 WESTLAKE VILLAG CA 91361 2 10/03/02 00 TO BE ASSIGNED 03 12/01/02 0 1596290864 O 11/01/17 0 1 8226113 074/074 F 522,000.00 ZZ 180 518,401.15 1 6.000 4,404.94 66 5.750 4,404.94 LOS ANGELES CA 91403 2 09/19/02 00 TO BE ASSIGNED 05 11/01/02 0 1596290933 O 10/01/17 0 8226115 074/074 F 570,000.00 ZZ 180 566,070.22 1 6.000 4,809.99 80 5.750 4,809.99 LOS ANGELES CA 90049 2 09/12/02 00 TO BE ASSIGNED 01 11/01/02 0 1596291266 O 10/01/17 0 8226117 074/074 F 650,000.00 ZZ 180 645,470.96 1 5.875 5,441.28 74 5.625 5,441.28 SAN MARINO CA 91108 2 09/20/02 00 TO BE ASSIGNED 05 11/01/02 0 1596292688 O 10/01/17 0 8226121 074/074 F 977,000.00 ZZ 180 970,264.23 1 6.000 8,244.48 36 5.750 8,244.48 ROLLING HILLS CA 90274 2 09/19/02 00 TO BE ASSIGNED 05 11/01/02 0 1596293115 O 10/01/17 0 8226125 074/074 F 975,000.00 ZZ 180 971,718.24 1 6.250 8,359.88 60 6.000 8,359.88 WESTLAKE VILLAG CA 91361 2 10/01/02 00 TO BE ASSIGNED 05 12/01/02 0 1596294628 O 11/01/17 0 8226127 074/074 F 360,000.00 ZZ 180 356,551.11 1 6.000 3,037.89 62 5.750 3,037.89 1 PASADENA AREA CA 91107 2 09/20/02 00 TO BE ASSIGNED 05 11/01/02 0 1596295416 O 10/01/17 0 8226129 074/074 F 350,000.00 ZZ 180 348,796.50 1 6.000 2,953.50 52 5.750 2,953.50 RANCHO PALOS VE CA 90275 5 10/17/02 00 TO BE ASSIGNED 05 12/01/02 0 1596299075 O 11/01/17 0 8226131 074/074 F 735,000.00 ZZ 180 732,472.65 1 6.000 6,202.35 62 5.750 6,202.35 LOS ANGELES CA 90049 2 10/01/02 00 TO BE ASSIGNED 05 12/01/02 0 1596302486 O 11/01/17 0 8226135 074/074 F 80,000.00 ZZ 180 76,330.85 4 6.750 707.93 34 6.500 707.93 TWIN LAKES WI 53181 1 10/15/02 00 TO BE ASSIGNED 05 12/01/02 0 1606145870 N 11/01/17 0 8226137 074/074 F 400,280.00 ZZ 180 397,490.95 1 5.875 3,350.82 39 5.625 3,350.82 CHICAGO IL 60657 2 09/26/02 00 TO BE ASSIGNED 06 11/01/02 0 1610042317 O 10/01/17 0 8226139 074/074 F 640,000.00 ZZ 180 637,799.32 1 6.000 5,400.68 64 5.750 5,400.68 GLENVIEW IL 60025 2 10/15/02 00 TO BE ASSIGNED 03 12/01/02 0 1614053177 O 11/01/17 0 1 8226143 074/074 F 620,000.00 ZZ 180 615,725.52 1 6.000 5,231.91 76 5.750 5,231.91 VALPARAISO IN 46383 5 09/23/02 00 TO BE ASSIGNED 05 11/01/02 0 1621326407 O 10/01/17 0 8226145 074/074 F 452,000.00 ZZ 180 448,850.59 1 5.875 3,783.78 80 5.625 3,783.78 CHICAGO IL 60646 1 09/27/02 00 TO BE ASSIGNED 05 11/01/02 0 1621333413 O 10/01/17 0 8226147 074/074 F 386,200.00 ZZ 180 383,565.53 1 6.125 3,285.11 61 5.875 3,285.11 PACIFIC MO 63069 2 10/01/02 00 TO BE ASSIGNED 03 11/01/02 0 1632087953 O 10/01/17 0 8226149 074/074 F 378,000.00 ZZ 180 375,448.75 1 6.250 3,241.06 61 6.000 3,241.06 CLARKSTON MI 48348 2 09/23/02 00 TO BE ASSIGNED 05 11/01/02 0 1639057837 O 10/01/17 0 8226151 074/074 F 390,750.00 ZZ 180 389,406.38 1 6.000 3,297.37 66 5.750 3,297.37 SHELBY TOWNSHIP MI 48316 2 09/30/02 00 TO BE ASSIGNED 05 12/01/02 0 1639067706 O 11/01/17 0 8226153 074/074 F 342,450.00 ZZ 180 341,272.46 1 1 6.000 2,889.79 26 5.750 2,889.79 BLOOMFIELD HILL MI 48302 2 10/15/02 00 TO BE ASSIGNED 05 12/01/02 0 1639072310 O 11/01/17 0 8226171 074/074 F 370,500.00 ZZ 180 369,212.39 1 5.875 3,101.52 74 5.625 3,101.52 WICHITA KS 67230 5 10/17/02 00 TO BE ASSIGNED 03 12/01/02 0 1644023845 O 11/01/17 0 8226173 074/074 F 380,000.00 ZZ 180 377,352.27 1 5.875 3,181.05 48 5.625 3,181.05 CINCINNATI OH 45208 2 09/25/02 00 TO BE ASSIGNED 05 11/01/02 0 1649002296 O 10/01/17 0 8226175 074/074 F 400,000.00 ZZ 180 390,474.53 1 6.000 3,375.43 23 5.750 3,375.43 ORONO MN 55356 5 09/30/02 00 TO BE ASSIGNED 05 11/01/02 0 1661130218 O 10/01/17 0 8226177 074/074 F 449,371.00 T 180 447,825.81 1 6.000 3,792.05 45 5.750 3,792.05 VENICE CA 90291 2 10/23/02 00 TO BE ASSIGNED 05 12/01/02 0 1674026536 O 11/01/17 0 8226179 074/074 F 804,000.00 ZZ 180 801,176.00 1 5.750 6,676.50 48 5.500 6,676.50 PINECREST FL 33156 2 10/08/02 00 TO BE ASSIGNED 05 12/01/02 0 1 1689011430 O 11/01/17 0 8226181 074/074 F 500,000.00 ZZ 180 498,298.95 1 6.125 4,253.13 44 5.875 4,253.13 MIAMI FL 33156 2 10/17/02 00 TO BE ASSIGNED 05 12/01/02 0 1689013775 O 11/01/17 0 8226189 074/074 F 360,000.00 ZZ 180 357,464.98 1 5.750 2,989.48 75 5.500 2,989.48 WESTON FL 33326 2 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1689015963 O 10/01/17 0 8226191 074/074 F 441,000.00 ZZ 180 439,434.53 1 5.625 3,632.66 60 5.375 3,632.66 PARKLAND FL 33067 2 10/16/02 00 TO BE ASSIGNED 03 12/01/02 0 1689024975 O 11/01/17 0 8226195 074/074 F 750,000.00 ZZ 180 744,774.20 1 5.875 6,278.39 38 5.625 6,278.39 POTOMAC MD 20854 5 09/25/02 00 TO BE ASSIGNED 05 11/01/02 0 1731258779 O 10/01/17 0 8226199 074/074 F 453,100.00 ZZ 180 451,541.98 1 6.000 3,823.52 49 5.750 3,823.52 BETHESDA MD 20816 2 10/15/02 00 TO BE ASSIGNED 05 12/01/02 0 1731260748 O 11/01/17 0 1 8226201 074/074 F 631,700.00 ZZ 180 629,504.62 1 5.875 5,288.08 65 5.625 5,288.08 WASHINGTON DC 20012 2 10/11/02 00 TO BE ASSIGNED 05 12/01/02 0 1731270672 O 11/01/17 0 8226203 074/074 F 423,000.00 ZZ 180 421,514.25 1 5.750 3,512.63 59 5.500 3,512.63 POTOMAC MD 20854 2 10/21/02 00 TO BE ASSIGNED 05 12/01/02 0 1731272420 O 11/01/17 0 8226205 074/074 F 490,000.00 ZZ 120 483,445.80 1 5.625 5,348.19 49 5.375 5,348.19 PASADENA MD 21122 2 10/08/02 00 TO BE ASSIGNED 05 12/01/02 0 1751231185 O 11/01/12 0 8226207 074/074 F 542,492.00 ZZ 180 540,666.03 1 6.250 4,651.45 70 6.000 4,651.45 HERNDON VA 20171 5 10/08/02 00 TO BE ASSIGNED 03 12/01/02 0 1761332677 O 11/01/17 0 8226209 074/074 F 467,000.00 ZZ 180 463,848.07 1 6.250 4,004.16 39 6.000 4,004.16 WASHINGTON DC 20008 2 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1761332735 O 10/01/17 0 8226215 074/074 F 485,750.00 ZZ 180 484,079.72 1 6.000 4,099.03 67 5.750 4,099.03 1 MCLEAN VA 22102 2 10/15/02 00 TO BE ASSIGNED 05 12/01/02 0 1761332917 O 11/01/17 0 8226219 074/074 F 613,650.00 ZZ 180 609,419.29 1 6.000 5,178.33 52 5.750 5,178.33 MCLEAN VA 22102 2 10/04/02 00 TO BE ASSIGNED 03 11/01/02 0 1761336011 O 10/01/17 0 8226221 074/074 F 452,000.00 ZZ 180 448,883.77 1 6.000 3,814.23 51 5.750 3,814.23 GREAT FALLS VA 22066 2 10/02/02 00 TO BE ASSIGNED 05 11/01/02 0 1761336543 O 10/01/17 0 8226223 074/074 F 400,000.00 ZZ 180 398,609.86 1 5.875 3,348.47 73 5.625 3,348.47 BLACKSBURG VA 24060 1 10/08/02 00 TO BE ASSIGNED 05 12/01/02 0 1785044906 O 11/01/17 0 8226225 074/074 F 333,300.00 ZZ 180 332,116.84 1 5.625 2,745.50 41 5.375 2,745.50 NORTH ANDOVER MA 01845 2 10/16/02 00 TO BE ASSIGNED 05 12/01/02 0 1811132838 O 11/01/17 0 8226227 074/074 F 390,000.00 ZZ 180 388,630.15 1 5.750 3,238.60 24 5.500 3,238.60 WELLESLEY MA 02482 2 10/02/02 00 TO BE ASSIGNED 05 12/01/02 0 1813185223 O 11/01/17 0 1 8226229 074/074 F 492,000.00 ZZ 180 488,643.80 1 6.125 4,185.08 33 5.875 4,185.08 NEWTON MA 02467 2 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1813190948 O 10/01/17 0 8226233 074/074 F 576,000.00 ZZ 180 571,986.60 1 5.875 4,821.80 64 5.625 4,821.80 FARMINGTON CT 06032 5 09/24/02 00 1817264263 03 11/01/02 0 1817264263 O 10/01/17 0 8226235 074/074 F 353,700.00 ZZ 180 352,457.65 1 5.750 2,937.16 60 5.500 2,937.16 FAIRFIELD CT 06430 2 10/01/02 00 1817263475 05 12/01/02 0 1817263475 O 11/01/17 0 8226237 074/074 F 500,000.00 ZZ 180 498,243.78 1 5.750 4,152.05 57 5.500 4,152.05 WESTPORT CT 06880 2 10/21/02 00 1817267363 05 12/01/02 0 1817267363 O 11/01/17 0 8226239 074/074 F 362,000.00 ZZ 180 359,504.26 1 6.000 3,054.76 69 5.750 3,054.76 FAIRFIELD CT 06430 2 09/17/02 00 1817268560 05 11/01/02 0 1817268560 O 10/01/17 0 8226241 074/074 F 437,000.00 ZZ 180 435,465.07 1 1 5.750 3,628.89 46 5.500 3,628.89 COS COB CT 06807 2 10/03/02 00 1817269620 05 12/01/02 0 1817269620 O 11/01/17 0 8226243 074/074 F 469,875.00 T 180 466,531.24 1 5.625 3,870.51 75 5.375 3,870.51 SOUTHAMPTON NY 10021 1 10/04/02 00 1818012175 05 11/01/02 0 1818012175 O 10/01/17 0 8226245 074/074 F 325,000.00 T 180 323,882.47 1 6.000 2,742.53 45 5.750 2,742.53 PINE KNOLL SHOR NC 28512 2 10/31/02 00 TO BE ASSIGNED 03 12/01/02 0 1841175080 O 11/01/17 0 8226249 074/074 F 370,751.00 ZZ 180 360,814.65 1 6.000 3,128.61 38 5.750 3,128.61 BRIARCLIFF MANO NY 10510 2 08/12/02 00 1137168758 05 10/01/02 0 1137168758 O 09/01/17 0 8226251 074/074 F 350,000.00 ZZ 180 348,757.57 1 5.625 2,883.06 52 5.375 2,883.06 BROOKLYN NY 11234 5 10/18/02 00 1137179776 05 12/01/02 0 1137179776 O 11/01/17 0 8226253 074/074 F 400,000.00 ZZ 180 398,609.86 1 5.875 3,348.47 79 5.625 3,348.47 BELL HARBOR NY 11694 1 10/16/02 00 1137203473 05 12/01/02 0 1 1137203473 O 11/01/17 0 8226255 074/074 F 316,000.00 ZZ 180 314,913.41 1 6.000 2,666.59 64 5.750 2,666.59 HILLSDALE NJ 07642 5 09/27/02 00 1144351131 05 12/01/02 0 1144351131 O 11/01/17 0 8226257 074/074 F 381,600.00 ZZ 180 378,568.05 1 6.125 3,245.99 69 5.875 3,245.99 MORRISTOWN NJ 07960 2 09/25/02 00 1144351696 05 11/01/02 0 1144351696 O 10/01/17 0 8226259 074/074 F 350,000.00 ZZ 180 348,744.38 1 5.500 2,859.79 67 5.250 2,859.79 WESTFIELD NJ 07090 5 09/27/02 00 1144352713 05 12/01/02 0 1144352713 O 11/01/17 0 8226261 074/074 F 332,600.00 ZZ 180 331,456.33 1 6.000 2,806.67 64 5.750 2,806.67 IRVINE CA 92620 2 10/09/02 00 TO BE ASSIGNED 05 12/01/02 0 1144357036 O 11/01/17 0 8226263 074/074 F 373,100.00 T 180 371,761.50 1 5.500 3,048.54 50 5.250 3,048.54 TREMONTSEAL COV ME 04674 2 10/23/02 00 TO BE ASSIGNED 05 12/01/02 0 1144360052 O 11/01/17 0 1 8226265 074/074 F 399,000.00 ZZ 180 397,642.57 1 6.125 3,393.99 80 5.875 3,393.99 MOORESTOWN TWP NJ 08057 2 10/11/02 00 1161277670 05 12/01/02 0 1161277670 O 11/01/17 0 8226267 074/074 F 435,000.00 ZZ 180 431,969.04 1 5.875 3,641.47 63 5.625 3,641.47 YORK PA 17403 2 09/25/02 00 TO BE ASSIGNED 05 11/01/02 0 1163031659 O 10/01/17 0 8226269 074/074 F 355,000.00 ZZ 180 352,552.52 1 6.000 2,995.69 65 5.750 2,995.69 HADDONFIELD BOR NJ 08033 2 09/25/02 00 1164015046 05 11/01/02 0 1164015046 O 10/01/17 0 8226271 074/074 F 328,326.00 ZZ 180 326,062.42 1 6.000 2,770.60 75 5.750 2,770.60 ROCKVILLE MD 20853 2 09/25/02 00 TO BE ASSIGNED 05 11/01/02 0 1167001343 O 10/01/17 0 8226273 074/074 F 386,000.00 ZZ 180 383,366.90 1 6.125 3,283.41 55 5.875 3,283.41 NORTHAMPTON PA 18067 2 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1172253403 O 10/01/17 0 8226277 074/074 F 350,000.00 ZZ 180 348,731.08 1 5.375 2,836.63 41 5.125 2,836.63 1 AMBLER PA 19002 1 10/15/02 00 TO BE ASSIGNED 03 12/01/02 0 1175122558 O 11/01/17 0 8226279 074/074 F 465,000.00 ZZ 180 463,401.07 1 6.000 3,923.93 71 5.750 3,923.93 PARAMUS NJ 07652 2 10/03/02 00 1175153052 05 12/01/02 0 1175153052 O 11/01/17 0 8226281 074/074 F 405,000.00 ZZ 180 403,607.38 1 6.000 3,417.62 64 5.750 3,417.62 NEWTOWN PA 18940 2 10/23/02 00 TO BE ASSIGNED 05 12/01/02 0 1175157905 O 11/01/17 0 8226283 074/074 F 825,000.00 ZZ 180 822,163.18 1 6.000 6,961.82 75 5.750 6,961.82 CARVERSVILLE PA 18913 1 10/11/02 00 TO BE ASSIGNED 05 12/01/02 0 1175158715 O 11/01/17 0 8226285 074/074 F 426,000.00 ZZ 120 423,400.53 1 6.000 4,729.47 45 5.750 4,729.47 BRYN MAWR PA 19010 5 10/23/02 00 TO BE ASSIGNED 05 12/01/02 0 1175160513 O 11/01/12 0 8226287 074/074 F 475,000.00 ZZ 180 473,366.68 1 6.000 4,008.32 66 5.750 4,008.32 LANDENBERG PA 19350 2 10/23/02 00 TO BE ASSIGNED 03 12/01/02 0 1181170599 O 11/01/17 0 1 8226289 074/074 F 355,000.00 ZZ 180 352,526.46 1 5.875 2,971.77 67 5.625 2,971.77 SWARTHMORE PA 19801 2 09/23/02 00 TO BE ASSIGNED 05 11/01/02 0 1181173258 O 10/01/17 0 8226291 074/074 F 625,000.00 ZZ 180 622,804.73 1 5.750 5,190.06 53 5.500 5,190.06 SCOTTSDALE AZ 85259 2 10/01/02 00 TO BE ASSIGNED 05 12/01/02 0 1203114523 O 11/01/17 0 8226293 074/074 F 520,300.00 ZZ 180 518,491.77 1 5.875 4,355.53 65 5.625 4,355.53 PARADISE VALLEY AZ 85253 2 10/01/02 00 TO BE ASSIGNED 05 12/01/02 0 1204066980 O 11/01/17 0 8226295 074/074 F 400,000.00 ZZ 180 395,896.63 1 6.125 3,402.50 16 5.875 3,402.50 LA JOLLA CA 92037 1 08/05/02 00 TO BE ASSIGNED 05 10/01/02 0 1076031580 O 09/01/17 0 8226297 074/074 F 590,500.00 ZZ 180 586,428.91 1 6.000 4,982.97 35 5.750 4,982.97 SPRING LAKE NJ 07762 5 09/19/02 00 1101407551 05 11/01/02 0 1101407551 O 10/01/17 0 8226299 074/074 F 474,000.00 ZZ 180 472,335.11 1 1 5.750 3,936.14 71 5.500 3,936.14 EDGEWATER NJ 07020 2 10/03/02 00 1101425553 03 12/01/02 0 1101425553 O 11/01/17 0 8226303 074/074 F 358,000.00 ZZ 180 355,557.89 1 6.125 3,045.24 66 5.875 3,045.24 HOPEWELL NJ 08534 2 09/24/02 00 1101432887 05 11/01/02 0 1101432887 O 10/01/17 0 8226305 074/074 F 440,100.00 ZZ 180 434,253.26 1 6.500 3,833.74 69 6.250 3,833.74 LITTLETON MA 01460 2 07/25/02 00 TO BE ASSIGNED 05 09/01/02 0 1113353212 O 08/01/17 0 8226307 074/074 F 392,000.00 ZZ 180 389,239.65 1 5.750 3,255.21 47 5.500 3,255.21 MIAMI FL 33143 2 09/24/02 00 TO BE ASSIGNED 05 11/01/02 0 1113375521 O 10/01/17 0 8226309 074/074 F 360,000.00 ZZ 180 357,440.72 1 5.750 2,989.48 80 5.500 2,989.48 EVESHAM NJ 08053 5 09/24/02 00 1101456761 05 11/01/02 0 1101456761 O 10/01/17 0 8226313 074/074 F 328,000.00 ZZ 180 325,738.66 1 6.000 2,767.85 73 5.750 2,767.85 EDISON NJ 08820 2 09/26/02 00 1101457549 05 11/01/02 0 1 1101457549 O 10/01/17 0 8226317 074/074 F 401,250.00 ZZ 180 395,919.36 1 6.500 3,495.32 52 6.250 3,495.32 NEW YORK NY 10025 1 07/18/02 00 1111606420 06 09/01/02 0 1111606420 O 08/01/17 0 8226319 074/074 F 428,000.00 ZZ 180 422,313.99 1 6.500 3,728.34 62 6.250 3,728.34 BLAUVELT NY 10913 2 07/16/02 00 1111606554 05 09/01/02 0 1111606554 O 08/01/17 0 8226321 074/074 F 350,000.00 ZZ 180 345,200.48 1 6.125 2,977.19 37 5.875 2,977.19 ALBERTSON NY 11507 5 07/26/02 00 1111606780 05 09/01/02 0 1111606780 O 08/01/17 0 8226323 074/074 F 328,500.00 ZZ 180 325,338.80 1 6.875 2,929.75 72 6.625 2,929.75 STONE RIDGE NY 12484 5 07/30/02 00 1111609213 05 10/01/02 0 1111609213 O 09/01/17 0 8226325 074/074 F 1,000,000.00 ZZ 180 986,714.89 1 6.500 8,711.08 35 6.250 8,711.08 NEW YORK NY 10013 5 07/17/02 00 1111612728 08 09/01/02 0 1111612728 O 08/01/17 0 1 8226329 074/074 F 450,000.00 T 180 446,995.03 1 6.375 3,889.13 63 6.125 3,889.13 NEW YORK NY 10016 1 09/24/02 00 1111620679 06 11/01/02 0 1111620679 O 10/01/17 0 8226331 074/074 F 340,000.00 ZZ 180 337,680.67 1 6.125 2,892.13 33 5.875 2,892.13 NEW YORK NY 10021 2 09/13/02 00 1111633025 10 11/01/02 0 1111633025 O 10/01/17 0 8226337 074/074 F 500,000.00 ZZ 180 498,262.32 1 5.875 4,185.60 59 5.625 4,185.60 SAG HARBOR NY 11963 1 10/03/02 00 1111637820 05 12/01/02 0 1111637820 O 11/01/17 0 8226339 074/074 F 382,000.00 ZZ 180 380,672.41 1 5.875 3,197.80 53 5.625 3,197.80 LARCHMONT NY 10538 2 10/11/02 00 1111646344 05 12/01/02 0 1111646344 O 11/01/17 0 8226341 074/074 F 557,000.00 ZZ 180 555,043.57 1 5.750 4,625.39 54 5.500 4,625.39 NEW YORK NY 10025 2 10/07/02 00 1111647595 10 12/01/02 0 1111647595 O 11/01/17 0 8226343 074/074 F 535,000.00 ZZ 180 533,179.88 1 6.125 4,550.85 39 5.875 4,550.85 1 NEW YORK NY 10017 5 10/02/02 00 1111654386 06 12/01/02 0 1111654386 O 11/01/17 0 8226345 074/074 F 337,500.00 ZZ 180 336,314.55 1 5.750 2,802.64 90 5.500 2,802.64 BARDONIA NY 10594 1 10/03/02 14 1111656938 05 12/01/02 12 1111656938 O 11/01/17 0 8226347 074/074 F 765,000.00 ZZ 180 762,369.49 1 6.000 6,455.51 60 5.750 6,455.51 NEW YORK NY 10021 1 10/09/02 00 1111660630 10 12/01/02 0 1111660630 O 11/01/17 0 8226349 074/074 F 462,000.00 ZZ 180 444,602.89 1 5.250 3,713.92 31 5.000 3,713.92 NEW CANAAN CT 06840 2 09/20/02 00 1114945862 05 11/01/02 0 1114945862 O 10/01/17 0 8226351 074/074 F 385,000.00 ZZ 180 382,226.53 1 5.625 3,171.37 65 5.375 3,171.37 POWELL OH 43065 2 09/25/02 00 TO BE ASSIGNED 05 11/01/02 0 1114957205 O 10/01/17 0 8226353 074/074 F 326,000.00 ZZ 180 323,680.09 1 5.625 2,685.37 33 5.375 2,685.37 LA JOLLA CA 92037 2 09/23/02 00 TO BE ASSIGNED 05 11/01/02 0 1114969088 O 10/01/17 0 1 8226355 074/074 F 358,000.00 ZZ 180 355,425.46 1 5.500 2,925.16 44 5.250 2,925.16 HOUSTON TX 77005 2 09/26/02 00 TO BE ASSIGNED 05 11/01/02 0 1114978840 O 10/01/17 0 8226357 074/074 F 538,000.00 ZZ 180 536,028.89 1 5.250 4,324.86 74 5.000 4,324.86 GARDEN CITY NY 11530 2 10/09/02 00 1115757314 05 12/01/02 0 1115757314 O 11/01/17 0 8226359 074/074 F 815,000.00 ZZ 180 812,197.57 1 6.000 6,877.43 66 5.750 6,877.43 BROOKLYN NY 11215 5 10/16/02 00 1116090914 05 12/01/02 0 1116090914 O 11/01/17 0 8226361 074/074 F 557,500.00 ZZ 180 555,603.34 1 6.125 4,742.23 35 5.875 4,742.23 SARATOGA CA 95070 5 10/15/02 00 TO BE ASSIGNED 05 12/01/02 0 1120051665 O 11/01/17 0 8226363 074/074 F 652,500.00 ZZ 180 650,280.14 1 6.125 5,550.33 75 5.875 5,550.33 WASHINGTON DC 20002 2 10/08/02 00 TO BE ASSIGNED 05 12/01/02 0 1120054302 O 11/01/17 0 8226365 074/074 F 339,000.00 ZZ 180 337,846.69 1 1 6.125 2,883.62 75 5.875 2,883.62 HASBROUCK HEIGH NJ 07604 5 10/07/02 00 1120059882 05 12/01/02 0 1120059882 O 11/01/17 0 8226367 074/074 F 393,015.00 ZZ 180 391,692.15 1 6.250 3,369.80 44 6.000 3,369.80 STUDIO CITY CA 91604 2 10/08/02 00 TO BE ASSIGNED 05 12/01/02 0 1126117642 O 11/01/17 0 8226371 074/074 F 419,900.00 ZZ 180 418,440.70 1 5.875 3,515.06 50 5.625 3,515.06 PEOA UT 84061 2 10/10/02 00 TO BE ASSIGNED 05 12/01/02 0 1126129710 O 11/01/17 0 8226373 074/074 F 620,000.00 ZZ 180 617,890.70 1 6.125 5,273.88 71 5.875 5,273.88 LOS ANGELES CA 90024 2 10/07/02 00 TO BE ASSIGNED 05 12/01/02 0 1126129925 O 11/01/17 0 8226375 074/074 F 350,000.00 ZZ 180 337,070.09 1 6.750 3,097.18 51 6.500 3,097.18 COLD SPRING HAR NY 11724 5 01/28/02 00 1134063028 05 04/01/02 0 1134063028 O 03/01/17 0 8226377 074/074 F 357,500.00 ZZ 180 355,213.02 1 5.750 2,968.72 58 5.500 2,968.72 TAPPAN NY 10983 5 10/10/02 00 1134092092 05 12/01/02 0 1 1134092092 O 11/01/17 0 8226383 074/074 F 510,000.00 ZZ 180 506,594.37 1 6.375 4,407.68 40 6.125 4,407.68 ST JAMES NY 11780 2 09/25/02 00 1134112644 05 11/01/02 0 1134112644 O 10/01/17 0 8226385 074/074 F 506,250.00 T 180 504,564.18 1 6.375 4,375.27 75 6.125 4,375.27 CLINTON CORNERS NY 12514 1 10/02/02 00 1134126569 05 12/01/02 0 1134126569 O 11/01/17 0 8226387 074/074 F 333,000.00 ZZ 180 329,002.64 1 6.250 2,855.22 52 6.000 2,855.22 GREENWICH CT 06830 2 08/19/02 00 1134131558 01 10/01/02 0 1134131558 O 09/01/17 0 8226389 074/074 F 394,000.00 ZZ 180 390,278.63 1 6.000 3,324.80 78 5.750 3,324.80 SPRINGFIELD NJ 07081 2 09/25/02 00 1134131591 05 11/01/02 0 1134131591 O 10/01/17 0 8226393 074/074 F 450,000.00 T 180 446,897.54 1 6.000 3,797.36 46 5.750 3,797.36 COLD SPRING NY 10516 2 09/05/02 00 1134132299 05 11/01/02 0 1134132299 O 10/01/17 0 1 8226395 074/074 F 400,000.00 ZZ 180 398,639.17 1 6.125 3,402.50 25 5.875 3,402.50 NEW ROCHELLE NY 10804 2 10/11/02 00 1134133870 05 12/01/02 0 1134133870 O 11/01/17 0 8226399 074/074 F 593,000.00 ZZ 180 590,982.56 1 6.125 5,044.21 53 5.875 5,044.21 DARIEN CT 06820 2 10/15/02 00 1134136416 05 12/01/02 0 1134136416 O 11/01/17 0 8226401 074/074 F 987,000.00 ZZ 180 983,533.23 1 5.750 8,196.15 31 5.500 8,196.15 WESTON CT 06883 2 10/16/02 00 1134143397 05 12/01/02 0 1134143397 O 11/01/17 0 8226403 074/074 F 414,800.00 ZZ 180 410,678.20 1 6.500 3,613.35 70 6.250 3,613.35 SCARSDALE NY 10583 2 08/02/02 00 1135047231 05 10/01/02 0 1135047231 O 09/01/17 0 8226407 074/074 F 405,000.00 ZZ 180 403,562.33 1 5.625 3,336.11 70 5.375 3,336.11 MAHWAH NJ 07430 2 10/09/02 00 1135060524 05 12/01/02 0 1135060524 O 11/01/17 0 8226411 074/074 F 590,000.00 T 180 587,905.61 1 5.625 4,860.02 22 5.375 4,860.02 1 MANTOLOKING NJ 08738 2 10/18/02 00 1135062202 05 12/01/02 0 1135062202 O 11/01/17 0 8226413 074/074 F 325,000.00 ZZ 180 323,834.06 1 5.500 2,655.52 77 5.250 2,655.52 MELVILLE NY 11747 5 09/30/02 00 1135064718 05 12/01/02 0 1135064718 O 11/01/17 0 8226415 074/074 F 520,000.00 ZZ 180 507,583.57 1 6.250 4,458.60 58 6.000 4,458.60 PLEASANTVILLE NY 10570 2 08/05/02 00 1135066622 05 10/01/02 0 1135066622 O 09/01/17 0 8226417 074/074 F 785,000.00 ZZ 180 782,183.81 1 5.500 6,414.11 50 5.250 6,414.11 RYE NY 10580 1 10/18/02 00 1135074755 05 12/01/02 0 1135074755 O 11/01/17 0 8226419 074/074 F 400,000.00 ZZ 180 386,908.50 1 6.875 3,567.42 67 6.625 3,567.42 BAYSIDE NY 11427 5 01/04/02 00 1136067290 05 03/01/02 0 1136067290 O 02/01/17 0 8226421 074/074 F 495,000.00 ZZ 180 493,315.97 1 6.125 4,210.59 63 5.875 4,210.59 ST JAMES NY 11780 5 10/04/02 00 1136135254 05 12/01/02 0 1136135254 O 11/01/17 0 1 8226425 074/074 F 550,000.00 ZZ 180 548,068.16 1 5.750 4,567.26 61 5.500 4,567.26 ROSLYN HEIGHTS NY 11577 1 10/04/02 00 1136154485 05 12/01/02 0 1136154485 O 11/01/17 0 8226427 074/074 F 565,000.00 ZZ 180 561,104.71 1 6.000 4,767.79 69 5.750 4,767.79 MANHASSET NY 11030 5 09/24/02 00 1136169686 05 11/01/02 0 1136169686 O 10/01/17 0 8226429 074/074 F 404,000.00 ZZ 180 402,610.82 1 6.000 3,409.18 80 5.750 3,409.18 FRESH MEADOWS NY 11365 1 10/07/02 00 1136169915 05 12/01/02 0 1136169915 O 11/01/17 0 8226433 074/074 F 339,000.00 ZZ 180 337,796.61 1 5.625 2,792.45 65 5.375 2,792.45 PLAINVIEW NY 11803 5 10/04/02 00 1136175372 05 12/01/02 0 1136175372 O 11/01/17 0 8226437 074/074 F 760,000.00 ZZ 180 754,704.53 1 5.875 6,362.10 47 5.625 6,362.10 GREAT NECK NY 11020 2 09/25/02 00 1136193148 05 11/01/02 0 1136193148 O 10/01/17 0 8226439 074/074 F 493,000.00 T 180 489,564.93 1 1 5.875 4,126.99 50 5.625 4,126.99 NOYAC NY 11968 2 09/25/02 00 1136193159 05 11/01/02 0 1136193159 O 10/01/17 0 8226441 074/074 F 475,000.00 ZZ 180 465,181.50 1 5.625 3,912.73 71 5.375 3,912.73 ROSLYN HARBOR NY 11576 5 09/25/02 00 1136193308 05 11/01/02 0 1136193308 O 10/01/17 0 8226443 074/074 F 380,000.00 ZZ 180 376,101.77 1 6.125 3,232.38 75 5.875 3,232.38 NEW HYDE PARK NY 11040 5 08/13/02 00 1137072740 05 10/01/02 0 1137072740 O 09/01/17 0 8226445 074/074 F 65,000.00 ZZ 180 64,556.59 1 6.125 552.91 49 5.875 552.91 KEW GARDENS NY 11415 5 09/25/02 00 1137109090 10 11/01/02 0 1137109090 O 10/01/17 0 8226447 074/074 F 175,000.00 ZZ 180 158,729.68 2 6.125 1,488.59 50 5.875 1,488.59 BRONX NY 10469 1 09/12/02 00 1137116470 05 11/01/02 0 1137116470 N 10/01/17 0 8226449 074/074 F 500,000.00 ZZ 180 498,298.95 1 6.125 4,253.13 44 5.875 4,253.13 BROOKLYN NY 11215 2 10/02/02 00 1137145672 10 12/01/02 0 1 1137145672 O 11/01/17 0 8226453 074/074 F 930,000.00 ZZ 180 923,588.27 1 6.000 7,847.87 50 5.750 7,847.87 BROOKLYN NY 11235 2 09/20/02 00 1137165487 05 11/01/02 0 1137165487 O 10/01/17 0 8226455 074/074 F 675,000.00 ZZ 180 670,245.91 1 6.375 5,833.69 75 6.125 5,833.69 BROOKLYN NY 11235 1 09/30/02 00 1137165749 05 11/01/02 0 1137165749 O 10/01/17 0 8226459 074/074 F 326,000.00 ZZ 120 324,010.73 1 6.000 3,619.27 55 5.750 3,619.27 HOUSTON TX 77024 2 10/10/02 00 TO BE ASSIGNED 03 12/01/02 0 1521114440 O 11/01/12 0 8226463 074/074 F 793,375.00 ZZ 180 790,588.32 1 5.750 6,588.27 38 5.500 6,588.27 HOUSTON TX 77056 2 10/14/02 00 TO BE ASSIGNED 05 12/01/02 0 1521114677 O 11/01/17 0 8226491 074/074 F 361,635.00 ZZ 180 360,391.50 1 6.000 3,051.68 66 5.750 3,051.68 HOUSTON TX 77007 2 10/25/02 00 TO BE ASSIGNED 05 12/01/02 0 1521115727 O 11/01/17 0 1 8226493 074/074 F 373,300.00 ZZ 180 372,002.65 1 5.875 3,124.96 74 5.625 3,124.96 HOUSTON TX 77057 2 10/22/02 00 TO BE ASSIGNED 03 12/01/02 0 1521115782 O 11/01/17 0 8226495 074/074 F 476,700.00 ZZ 180 475,060.83 1 6.000 4,022.67 80 5.750 4,022.67 UNIVERSITY PARK TX 75205 2 10/11/02 00 TO BE ASSIGNED 05 12/01/02 0 1524106584 O 11/01/17 0 8226497 074/074 F 380,000.00 ZZ 180 378,679.37 1 5.875 3,181.05 68 5.625 3,181.05 FORT WORTH TX 76132 2 10/24/02 00 TO BE ASSIGNED 03 12/01/02 0 1524111256 O 11/01/17 0 8226501 074/074 F 476,700.00 ZZ 180 473,413.46 1 6.000 4,022.67 77 5.750 4,022.67 HIGHLAND PARK TX 75205 2 09/23/02 00 TO BE ASSIGNED 05 11/01/02 0 1524113150 O 10/01/17 0 8226503 074/074 F 477,600.00 ZZ 180 475,957.74 1 6.000 4,030.26 71 5.750 4,030.26 PLANO TX 75093 2 10/25/02 00 TO BE ASSIGNED 03 12/01/02 0 1524118528 O 11/01/17 0 8226507 074/074 F 486,610.00 ZZ 180 484,882.62 1 5.625 4,008.36 67 5.375 4,008.36 1 DALLAS TX 75220 2 10/25/02 00 TO BE ASSIGNED 05 12/01/02 0 1524122897 O 11/01/17 0 8226509 074/074 F 57,950.00 ZZ 180 57,380.26 3 6.625 508.80 95 6.375 508.80 SAN ANTONIO TX 78210 1 08/29/02 14 TO BE ASSIGNED 05 10/01/02 25 1526149840 O 09/01/17 0 8226511 074/074 F 484,200.00 ZZ 120 481,138.46 1 5.625 5,284.88 64 5.375 5,284.88 SAN ANTONIO TX 78230 2 10/03/02 00 TO BE ASSIGNED 03 12/01/02 0 1526154704 O 11/01/12 0 8226515 074/074 F 315,380.00 ZZ 180 314,245.76 1 5.500 2,576.92 64 5.250 2,576.92 OLMOS PARK TX 78212 2 10/15/02 00 TO BE ASSIGNED 05 12/01/02 0 1526156368 O 11/01/17 0 8226517 074/074 F 583,000.00 ZZ 180 578,980.60 1 6.000 4,919.69 49 5.750 4,919.69 SAN ANTONIO TX 78217 2 09/30/02 00 TO BE ASSIGNED 05 11/01/02 0 1526159173 O 10/01/17 0 8226519 074/074 F 699,250.00 ZZ 180 694,429.14 1 6.000 5,900.67 69 5.750 5,900.67 BOERNE TX 78006 2 09/24/02 00 TO BE ASSIGNED 03 11/01/02 0 1526159184 O 10/01/17 0 1 8226521 074/074 F 718,250.00 ZZ 180 713,245.44 1 5.875 6,012.60 65 5.625 6,012.60 THE WOODLANDS TX 77381 1 09/23/02 00 TO BE ASSIGNED 03 11/01/02 0 1532111069 O 10/01/17 0 8226523 074/074 F 360,800.00 ZZ 180 358,286.06 1 5.875 3,020.32 79 5.625 3,020.32 THE WOODLANDS TX 77382 2 09/27/02 00 TO BE ASSIGNED 03 11/01/02 0 1532111987 O 10/01/17 0 8226527 074/074 F 500,000.00 ZZ 180 498,262.33 1 5.875 4,185.59 72 5.625 4,185.59 THE WOODLANDS TX 77381 2 10/18/02 00 TO BE ASSIGNED 03 12/01/02 0 1532112662 O 11/01/17 0 8226531 074/074 F 425,680.00 ZZ 180 424,184.83 1 5.750 3,534.89 80 5.500 3,534.89 TULSA OK 74114 5 10/08/02 00 TO BE ASSIGNED 05 12/01/02 0 1532114420 O 11/01/17 0 8226533 074/074 F 440,150.00 ZZ 180 438,587.54 1 5.625 3,625.66 74 5.375 3,625.66 SOUTHLAKE TX 76092 2 10/02/02 00 TO BE ASSIGNED 03 12/01/02 0 1532115762 O 11/01/17 0 8226535 074/074 F 484,500.00 ZZ 180 482,780.11 1 1 5.625 3,990.98 80 5.375 3,990.98 KATY TX 77450 2 10/15/02 00 TO BE ASSIGNED 03 12/01/02 0 1532117291 O 11/01/17 0 8226539 074/074 F 466,000.00 ZZ 120 463,078.51 1 5.500 5,057.32 65 5.250 5,057.32 HOUSTON TX 77024 2 10/31/02 00 TO BE ASSIGNED 03 12/01/02 0 1532121018 O 11/01/12 0 8226541 074/074 F 818,000.00 ZZ 180 807,017.09 1 6.375 7,069.57 75 6.125 7,069.57 OCALA FL 34480 2 07/19/02 00 TO BE ASSIGNED 05 09/01/02 0 1533439861 O 08/01/17 0 8226543 074/074 F 420,000.00 ZZ 180 417,073.55 1 5.875 3,515.90 77 5.625 3,515.90 WINTER HAVEN FL 33880 2 09/19/02 00 TO BE ASSIGNED 05 11/01/02 0 1533468928 O 10/01/17 0 8226545 074/074 F 385,000.00 ZZ 180 383,647.71 1 5.750 3,197.08 80 5.500 3,197.08 WINTER SPRINGS FL 32708 2 10/16/02 00 TO BE ASSIGNED 05 12/01/02 0 1533476493 O 11/01/17 0 8226547 074/074 F 440,000.00 ZZ 180 436,934.19 1 5.875 3,683.33 80 5.625 3,683.33 ORLANDO FL 32819 5 09/25/02 00 TO BE ASSIGNED 05 11/01/02 0 1 1533477995 O 10/01/17 0 8226549 074/074 F 540,000.00 ZZ 180 538,103.28 1 5.750 4,484.22 74 5.500 4,484.22 SAINT PETERSBUR FL 33704 5 10/15/02 00 TO BE ASSIGNED 05 12/01/02 0 1533480606 O 11/01/17 0 8226551 074/074 F 387,000.00 ZZ 180 384,360.06 1 6.125 3,291.92 36 5.875 3,291.92 LARGO FL 33774 2 09/30/02 00 TO BE ASSIGNED 05 11/01/02 0 1533486330 O 10/01/17 0 8226553 074/074 F 380,000.00 ZZ 180 378,693.34 1 6.000 3,206.66 63 5.750 3,206.66 PONTE VEDRA BEA FL 32082 5 10/02/02 00 TO BE ASSIGNED 03 12/01/02 0 1533489917 O 11/01/17 0 8226555 074/074 F 620,000.00 ZZ 180 617,868.08 1 6.000 5,231.92 63 5.750 5,231.92 MADEIRA BEACH FL 33708 2 10/01/02 00 TO BE ASSIGNED 01 12/01/02 0 1533491726 O 11/01/17 0 8226557 074/074 F 862,500.00 ZZ 180 859,596.91 1 6.250 7,395.28 75 6.000 7,395.28 APOLLO BEACH FL 33572 5 10/11/02 00 TO BE ASSIGNED 05 12/01/02 0 1533492638 O 11/01/17 0 1 8226559 074/074 F 475,000.00 ZZ 180 473,331.59 1 5.750 3,944.45 46 5.500 3,944.45 SAINT PETERSBUR FL 33704 5 10/10/02 00 TO BE ASSIGNED 05 12/01/02 0 1533496082 O 11/01/17 0 8226561 074/074 F 479,300.00 ZZ 180 477,634.26 1 5.875 4,012.31 69 5.625 4,012.31 ORLANDO FL 32817 5 10/15/02 00 TO BE ASSIGNED 05 12/01/02 0 1533497802 O 11/01/17 0 8226563 074/074 F 332,000.00 ZZ 120 329,946.49 1 5.750 3,644.34 40 5.500 3,644.34 HOUSTON TX 77007 2 10/01/02 00 TO BE ASSIGNED 03 12/01/02 0 1539263258 O 11/01/12 0 8226565 074/074 F 486,000.00 ZZ 180 482,684.74 2 6.125 4,134.04 56 5.875 4,134.04 SAN FRANCISCO CA 94110 5 09/13/02 00 TO BE ASSIGNED 05 11/01/02 0 1561718284 O 10/01/17 0 8226569 074/074 F 450,000.00 ZZ 180 448,452.64 1 6.000 3,797.36 44 5.750 3,797.36 BURLINGAME CA 94010 2 10/12/02 00 TO BE ASSIGNED 05 12/01/02 0 1561740556 O 11/01/17 0 8226573 074/074 F 524,000.00 ZZ 180 522,178.91 1 5.875 4,386.51 50 5.625 4,386.51 1 HILLSBORO OR 97124 5 10/04/02 00 TO BE ASSIGNED 05 12/01/02 0 1561731227 O 11/01/17 0 8253999 736/M32 F 329,000.00 ZZ 180 324,488.45 1 6.125 2,798.56 83 5.875 2,798.56 AUSTIN TX 78733 2 07/12/02 01 TO BE ASSIGNED 05 09/01/02 12 0080240476 O 08/01/17 0 8254013 736/M32 F 176,000.00 ZZ 180 175,039.98 1 6.000 1,485.19 80 5.750 1,485.19 SAINT CLAIR SHO MI 48080 5 10/22/02 00 TO BE ASSIGNED 05 12/01/02 0 0080637460 O 11/01/17 0 8254029 736/M32 F 385,000.00 ZZ 180 383,647.71 1 5.750 3,197.08 79 5.500 3,197.08 DENVILLE NJ 07834 5 10/23/02 00 TO BE ASSIGNED 05 12/01/02 0 0080646064 O 11/01/17 0 8254047 736/M32 F 380,000.00 ZZ 180 378,644.91 1 5.750 3,155.56 60 5.500 3,155.56 LINCOLNWOOD IL 60712 2 10/16/02 00 TO BE ASSIGNED 05 12/01/02 0 0107045841 O 11/01/17 0 1 TOTAL NUMBER OF LOANS : 451 TOTAL ORIGINAL BALANCE : 211,469,194.67 TOTAL PRINCIPAL BALANCE : 209,389,729.32 TOTAL ORIGINAL P+I : 1,797,006.24 TOTAL CURRENT P+I : 1,797,006.24 *************************** * END OF REPORT * *************************** F-1-1 EXHIBIT F-2 GROUP II LOAN SCHEDULE TO BE PROVIDED UPON REQUEST RUN ON : 12/24/02 RFC DISCLOSURE SYSTEM RFFSDFIX-01 AT : 08.58.33 FIXED PASSTHRU REPORT AMORTIZED BALANCE SERIES : RAMP 2002-RM1 30 YR CUTOFF : 12/01/02 POOL : 0004650 : : POOL STATUS: F RFC LOAN NUMBER SUB SERV FEE PRINCIPAL BALANCE MSTR SERV FEE CURR NOTE RATE ALL EXP RFC NET RATE MISC EXP NET MTG RATE(INVSTR RATE) SPREAD POST STRIP RATE STRIP ----------------------------------------------------------------------------- 4129579 .5000 906.23 .0300 8.5000 .0000 8.0000 .0000 7.9700 .0000 6.0000 1.9700 4690161 .5000 48,923.23 .0300 7.9900 .0000 7.4900 .0000 7.4600 .0000 6.0000 1.4600 4690163 .5000 45,206.33 .0300 8.9900 .0000 8.4900 .0000 8.4600 .0000 6.0000 2.4600 4690170 .5000 103,128.04 .0300 8.9900 .0000 8.4900 .0000 8.4600 .0000 6.0000 2.4600 4690367 .5000 29,858.28 .0300 9.1500 .0000 8.6500 .0000 8.6200 .0000 6.0000 2.6200 4690402 .5000 35,962.99 .0300 11.2500 .0000 10.7500 .0000 10.7200 .0000 6.0000 4.7200 1 5105844 .3750 156,502.36 .0300 6.7500 .0000 6.3750 .0000 6.3450 .0000 6.0000 .3450 5123571 .2500 19,701.36 .0300 11.0000 .0000 10.7500 .0000 10.7200 .0000 6.0000 4.7200 5182741 .2500 131,835.69 .0300 7.3750 .0000 7.1250 .0000 7.0950 .0000 6.0000 1.0950 5698211 .2500 860,859.62 .0300 8.0000 .0000 7.7500 .0000 7.7200 .0000 6.0000 1.7200 5698645 .2500 64,901.29 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 6.0000 .3450 5698729 .2500 69,684.16 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 6092648 .2500 144,726.02 .0300 7.2500 .0000 7.0000 .0000 6.9700 .0000 6.0000 .9700 6911309 .2500 44,476.81 .0300 12.3750 .0000 12.1250 .0000 12.0950 .0000 6.0000 6.0950 1 6911329 .2500 490,426.64 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 6911331 .2500 289,533.64 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 6911345 .2500 273,393.83 .0300 7.3750 .0000 7.1250 .0000 7.0950 .0000 6.0000 1.0950 6911347 .2500 350,135.33 .0300 7.3750 .0000 7.1250 .0000 7.0950 .0000 6.0000 1.0950 6911361 .2500 468,481.96 .0300 7.2500 .0000 7.0000 .0000 6.9700 .0000 6.0000 .9700 6911439 .2500 394,266.10 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 6911471 .2500 277,011.22 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 6911479 .2500 335,081.43 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 6.0000 .2200 1 6911487 .2500 336,288.93 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 6.0000 .3450 6911491 .2500 280,833.66 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 6.0000 .4700 6911495 .2500 281,584.72 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 6911497 .2500 323,883.87 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 6911501 .2500 380,048.09 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 6.0000 .4700 6911503 .2500 333,402.56 .0300 7.3750 .0000 7.1250 .0000 7.0950 .0000 6.0000 1.0950 6926002 .2500 47,763.95 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 6926014 .2500 61,905.15 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 6.0000 .8450 1 6926030 .2500 61,695.45 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 6.0000 .8450 6926118 .2500 44,455.87 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.8450 .0000 6926152 .2500 102,931.72 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5950 .0000 6926182 .2500 115,379.83 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 6.0000 .4700 6926246 .2500 46,718.49 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 6.0000 .3450 6926258 .2500 56,839.72 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 6.0000 .0950 6926274 .2500 59,719.57 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.8450 .0000 6926298 .2500 54,226.56 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 1 6926326 .2500 41,230.02 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 6926330 .2500 84,455.80 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 6.0000 .8450 6926364 .2500 41,684.32 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 6926456 .2500 49,158.54 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 6926466 .2500 105,304.55 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.8450 .0000 6926472 .2500 34,169.58 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 6.0000 .8450 6926526 .2500 48,161.80 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 6.0000 .4700 6926530 .2500 33,236.08 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 6.0000 .8450 1 6926608 .2500 79,883.79 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 6.0000 .4700 6926628 .2500 58,750.79 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.7200 .0000 6926634 .2500 46,964.17 .0300 5.5000 .0000 5.2500 .0000 5.2200 .0000 5.2200 .0000 6926760 .2500 24,913.08 .0300 5.7500 .0000 5.5000 .0000 5.4700 .0000 5.4700 .0000 6926762 .2500 47,621.26 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 6926788 .2500 43,598.44 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 6.0000 .4700 6926842 .2500 72,875.58 .0300 5.5000 .0000 5.2500 .0000 5.2200 .0000 5.2200 .0000 6926880 .2500 81,430.29 .0300 5.3750 .0000 5.1250 .0000 5.0950 .0000 5.0950 .0000 1 6926884 .2500 65,665.11 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.9700 .0000 6926886 .2500 89,183.66 .0300 5.3750 .0000 5.1250 .0000 5.0950 .0000 5.0950 .0000 6926906 .2500 33,832.68 .0300 5.3750 .0000 5.1250 .0000 5.0950 .0000 5.0950 .0000 6926924 .2500 49,785.99 .0300 5.8750 .0000 5.6250 .0000 5.5950 .0000 5.5950 .0000 6926936 .2500 47,684.08 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.9700 .0000 6926940 .2500 54,880.19 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 6.0000 .3450 6927016 .2500 47,640.49 .0300 5.6250 .0000 5.3750 .0000 5.3450 .0000 5.3450 .0000 6927040 .2500 51,723.69 .0300 6.8300 .0000 6.5800 .0000 6.5500 .0000 6.0000 .5500 1 6927054 .2500 47,832.80 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 6.0000 .8450 6927104 .2500 73,718.20 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 6.0000 .0950 6927112 .2500 47,752.11 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 6927182 .2500 63,597.54 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 6.0000 .0950 6959981 .2500 453,024.84 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 6959983 .2500 507,409.21 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 6.0000 .3450 6959989 .2500 270,983.81 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 6959997 .2500 341,818.25 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 6.0000 .3450 1 7046347 .2500 297,286.36 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 6.0000 .3450 7087886 .2500 271,934.50 .0300 8.5000 .0000 8.2500 .0000 8.2200 .0000 6.0000 2.2200 7088066 .2500 101,824.70 .0300 10.8750 .0000 10.6250 .0000 10.5950 .0000 6.0000 4.5950 7088206 .2500 114,436.85 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 7088916 .2500 47,066.14 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 7089144 .2500 157,615.65 .0300 7.3750 .0000 7.1250 .0000 7.0950 .0000 6.0000 1.0950 7089206 .3750 93,393.18 .0300 7.7500 .0000 7.3750 .0000 7.3450 .0000 6.0000 1.3450 7089290 .2500 147,056.33 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 6.0000 .8450 1 7089418 .2500 48,439.33 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 7089482 .2500 48,944.97 .0300 8.3750 .0000 8.1250 .0000 8.0950 .0000 6.0000 2.0950 7089518 .2500 271,799.47 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 6.0000 .8450 7367011 .8500 59,189.96 .0300 6.8750 .0000 6.0250 .0000 5.9950 .0000 5.9950 .0000 7367013 .8500 197,932.35 .0300 7.2500 .0000 6.4000 .0000 6.3700 .0000 6.0000 .3700 7367015 .2500 67,913.92 .0300 8.1250 .0000 7.8750 .0000 7.8450 .0000 6.0000 1.8450 7367033 .2500 122,452.80 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 6.0000 .2200 7384245 .8500 38,591.14 .0300 8.3750 .0000 7.5250 .0000 7.4950 .0000 6.0000 1.4950 1 7493003 .2500 975,000.00 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 6.0000 .8450 7493005 .2500 366,481.04 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 7493007 .2500 344,690.33 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 7493009 .2500 991,387.38 .0300 7.8750 .0000 7.6250 .0000 7.5950 .0000 6.0000 1.5950 7493015 .2500 2,975,832.14 .0300 8.7500 .0000 8.5000 .0000 8.4700 .0000 6.0000 2.4700 7493017 .2500 1,484,602.42 .0300 7.3750 .0000 7.1250 .0000 7.0950 .0000 6.0000 1.0950 7493019 .2500 369,155.17 .0300 7.5000 .0000 7.2500 .0000 7.2200 .0000 6.0000 1.2200 7493031 .2500 907,867.93 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 1 7493043 .2500 549,721.63 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 7493049 .2500 992,807.09 .0300 7.2500 .0000 7.0000 .0000 6.9700 .0000 6.0000 .9700 7493063 .2500 496,820.54 .0300 7.8750 .0000 7.6250 .0000 7.5950 .0000 6.0000 1.5950 7638073 .2500 300,158.05 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 6.0000 .8450 7638079 .2500 316,706.75 .0300 7.2500 .0000 7.0000 .0000 6.9700 .0000 6.0000 .9700 7664709 .2500 346,720.94 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 6.0000 .8450 7664711 .2500 367,692.56 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 7664721 .2500 315,868.05 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 1 7664733 .2500 417,172.50 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 7664735 .2500 522,159.57 .0300 7.1250 .0000 6.8750 .0000 6.8450 .0000 6.0000 .8450 7693106 .2500 257,385.27 .0300 7.8750 .0000 7.6250 .0000 7.5950 .0000 6.0000 1.5950 7693114 .2500 291,112.61 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 7693124 .2500 396,534.77 .0300 8.6250 .0000 8.3750 .0000 8.3450 .0000 6.0000 2.3450 7693130 .2500 301,611.97 .0300 7.3750 .0000 7.1250 .0000 7.0950 .0000 6.0000 1.0950 7693138 .2500 371,098.08 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 7693146 .2500 1,089,506.41 .0300 7.7500 .0000 7.5000 .0000 7.4700 .0000 6.0000 1.4700 1 7693166 .2500 588,481.44 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 7693192 .2500 911,468.26 .0300 7.8750 .0000 7.6250 .0000 7.5950 .0000 6.0000 1.5950 7693194 .2500 495,788.26 .0300 7.5000 .0000 7.2500 .0000 7.2200 .0000 6.0000 1.2200 7704465 .2500 110,000.07 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 7920225 .2500 397,071.93 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 8074631 .2500 368,059.87 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 6.0000 .4700 8074635 .2500 360,960.98 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 8074641 .2500 455,816.67 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 1 8074643 .2500 393,496.87 .0300 7.6250 .0000 7.3750 .0000 7.3450 .0000 6.0000 1.3450 8144841 .2500 499,093.52 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 6.0000 .2200 8144919 .2500 463,069.94 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 6.0000 .0950 8145155 .2500 438,146.36 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.9700 .0000 8218941 .2500 359,658.42 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.9700 .0000 8218943 .2500 434,216.56 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 6.0000 .3450 8218949 .2500 405,281.62 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 6.0000 .3450 8218953 .2500 399,569.10 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 6.0000 .0950 1 8218957 .2500 399,309.28 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 6.0000 .4700 8218963 .2500 449,583.22 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 6.0000 .0950 8218965 .2500 372,239.43 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 6.0000 .2200 8218983 .2500 365,153.20 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.9700 .0000 8218985 .2500 422,852.20 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.9700 .0000 8218987 .2500 320,440.10 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 6.0000 .4700 8254003 .2500 559,540.97 .0300 7.0000 .0000 6.7500 .0000 6.7200 .0000 6.0000 .7200 8254007 .2500 329,679.26 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.8450 .0000 1 8254015 .2500 144,705.65 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.7200 .0000 8254025 .2500 408,842.58 .0300 6.0000 .0000 5.7500 .0000 5.7200 .0000 5.7200 .0000 8254033 .2500 379,656.47 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 6.0000 .2200 8254037 .2500 397,149.26 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 8254039 .2500 171,302.94 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 6.0000 .4700 8254041 .2500 74,935.43 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 6.0000 .4700 8254043 .2500 115,100.81 .0300 6.7500 .0000 6.5000 .0000 6.4700 .0000 6.0000 .4700 8254045 .2500 374,635.52 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.8450 .0000 1 8254051 .2500 390,737.02 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.8450 .0000 8254053 .2500 528,533.27 .0300 6.6250 .0000 6.3750 .0000 6.3450 .0000 6.0000 .3450 8254055 .2500 999,051.15 .0300 6.2500 .0000 6.0000 .0000 5.9700 .0000 5.9700 .0000 8254057 .2500 174,829.91 .0300 6.1250 .0000 5.8750 .0000 5.8450 .0000 5.8450 .0000 8254061 .2500 279,740.66 .0300 6.3750 .0000 6.1250 .0000 6.0950 .0000 6.0000 .0950 8254063 .2500 521,528.10 .0300 6.5000 .0000 6.2500 .0000 6.2200 .0000 6.0000 .2200 8254065 .2500 327,724.44 .0300 6.8750 .0000 6.6250 .0000 6.5950 .0000 6.0000 .5950 TOTAL NUMBER OF LOANS: 149 TOTAL BALANCE........: 43,784,073.03 RUN ON : 12/24/02 RFC DISCLOSURE SYSTEM RFFSDFIX-01 AT : 08.58.33 INITIAL SECURITY FEES AMORTIZED BALANCE SERIES : RAMP 2002-RM1 30 YR FIXED SUMMARY REPORT CUTOFF : 12/01/02 POOL : 0004650 : : POOL STATUS: F WEIGHTED AVERAGES FROM TO ---------------------------------------------------------------------------- CURR NOTE RATE 7.1168 5.3750 12.3750 RFC NET RATE 6.8605 5.1250 12.1250 NET MTG RATE(INVSTR RATE) 6.8305 5.0950 12.0950 POST STRIP RATE 5.9794 5.0950 6.0000 SUB SERV FEE .2563 .2500 .8500 MSTR SERV FEE .0300 .0300 .0300 ALL EXP .0000 .0000 .0000 MISC EXP .0000 .0000 .0000 SPREAD .0000 .0000 .0000 STRIP .8511 .0000 6.0950 TOTAL NUMBER OF LOANS: 149 TOTAL BALANCE........: 43,784,073.03 *************************** * END OF REPORT * *************************** RUN ON : 12/24/02 RFC DISCLOSURE SYSTEM RFFSD177-01 AT : 08.58.33 FIXED RATE LOAN LISTING AMORTIZED BALANCE SERIES : RAMP 2002-RM1 30 YR CUTOFF : 12/01/02 POOL : 0004650 : : POOL STATUS: F RFC LOAN # S/S CODE PMT TYPE ORIGINAL BAL LOAN FEATURE ORIG TERM PRINCIPAL BAL # OF UNITS ORIG RATE ORIGINAL P+I LTV CURR NET CURRENT P+I CITY STATE ZIP LOAN PURP NOTE DATE MI CO CODE SERVICER LOAN # PROP TYPE 1ST PMT DATE MI CVG SELLER LOAN # OCCP CODE MATURITY DATE INVESTOR LOAN # ______________________________________________________________________________ 4129579 W29/M32 F 9,500.00 ZZ 360 906.23 1 8.500 73.06 100 8.000 73.06 MARSHALL TX 75670 1 05/29/74 00 307362074 05 07/01/74 0 0000004793 O 06/01/04 0 4690161 W29/M32 F 55,000.00 ZZ 240 48,923.23 1 7.990 459.70 53 7.490 459.70 ALLIANCE NE 69301 5 11/07/98 00 307361714 05 12/13/98 0 0000088268 O 11/13/18 0 4690163 W29/M32 F 49,500.00 ZZ 240 45,206.33 1 8.990 445.04 83 8.490 445.05 YERINGTON NV 89447 5 11/08/98 00 307362086 05 12/23/98 0 0000088594 O 11/23/18 0 4690170 W29/M32 F 113,200.00 ZZ 240 103,128.04 1 8.990 1,017.76 65 8.490 1,017.76 HASTINGS TOWNSH MN 55033 2 11/23/98 00 307361071 05 12/28/98 0 1 0000088720 O 11/28/18 0 4690367 W29/M32 F 34,500.00 ZZ 240 29,858.28 1 9.150 313.75 75 8.650 313.74 DIAGONAL IA 50845 5 11/06/97 00 307361948 05 01/01/98 0 0001203683 O 12/01/17 0 4690402 W29/M32 F 36,675.00 ZZ 360 35,962.99 1 11.250 356.22 75 10.750 356.22 ISABELLA MO 65676 5 01/12/99 00 307361454 05 03/01/99 0 0002002249 N 02/01/29 0 5105844 F32/J77 F 158,779.70 ZZ 339 156,502.36 1 6.750 1,049.94 84 6.375 1,049.94 ROME GA 30161 4 09/25/01 23 0010373264 05 11/01/01 0 0055118393 O 01/01/30 0 5123571 B86/G61 F 37,500.00 ZZ 348 19,701.36 1 11.000 358.76 74 10.750 358.76 TRAVELERS REST SC 29690 4 06/08/79 00 0011783214 05 12/01/79 0 6000613981 O 11/01/08 0 5182741 964/X69 F 137,000.00 ZZ 360 131,835.69 1 7.375 946.23 73 7.125 946.23 HOLLISTER CA 95024 5 04/08/99 00 0005182741 27 06/01/99 0 50652 O 05/01/29 1677965915 1 5698211 373/W25 F 876,395.10 ZZ 300 860,859.62 1 8.000 6,764.16 67 7.750 6,764.16 CHEVY CHASE MD 20815 1 07/02/01 00 0029767275 05 09/01/01 0 10767275 O 08/01/26 0 5698645 373/W25 F 72,000.00 ZZ 360 64,901.29 1 6.625 461.03 80 6.375 461.03 GAITHERSBURG MD 20879 1 08/10/95 00 0029793800 01 10/01/95 0 10793800 O 09/01/25 0 5698729 373/X38 F 74,250.00 ZZ 360 69,684.16 1 5.750 433.31 87 5.500 433.31 LANCASTER PA 17603 1 07/07/98 11 0010799104 05 09/01/98 25 10799104 O 08/01/28 0 6092648 S66/H74 F 150,350.00 ZZ 360 144,726.02 1 7.250 1,025.65 97 7.000 1,025.65 ARLINGTON TX 76012 1 05/19/99 01 0010392306 05 07/01/99 35 0050623113 O 06/01/29 0 6911309 005/H74 F 45,150.00 ZZ 360 44,476.81 1 12.375 477.50 70 12.125 477.50 LARGO FL 33777 5 09/24/99 00 0010407500 03 11/01/99 0 003010864985 O 10/01/29 0 6911329 005/Y15 F 495,900.00 ZZ 360 490,426.64 1 7.000 3,299.24 80 6.750 3,299.24 1 NAPLES FL 34119 4 11/01/01 00 10407385 03 12/01/01 0 003011149097 O 11/01/31 0 6911331 005/H74 F 292,765.00 ZZ 360 289,533.64 1 7.000 1,947.78 80 6.750 1,947.78 LUTZ FL 33549 4 11/01/01 00 0010407393 05 12/01/01 0 003011158528 O 11/01/31 0 6911345 005/Y15 F 382,500.00 ZZ 360 273,393.83 1 7.375 2,641.84 90 7.125 2,641.84 GALLATIN TN 37066 1 06/29/01 11 10407211 05 08/01/01 25 003011265158 O 07/01/31 0 6911347 005/Y15 F 354,960.00 ZZ 360 350,135.33 1 7.375 2,451.63 90 7.125 2,451.63 HOOVER AL 35244 1 06/15/01 12 10407229 03 08/01/01 25 003011286931 O 07/01/31 0 6911361 005/Y15 F 474,000.00 ZZ 360 468,481.96 1 7.250 3,233.52 73 7.000 3,233.52 SHREVEPORT LA 71106 5 09/18/01 00 10407609 05 11/01/01 0 003011313099 O 10/01/31 0 6911439 005/Y15 F 404,000.00 ZZ 240 394,266.10 1 7.000 3,132.21 80 6.750 3,132.21 LYNN HAVEN FL 32444 5 11/06/01 00 10407997 05 01/01/02 0 003011375387 O 12/01/21 0 1 6911471 005/H74 F 281,700.00 ZZ 360 277,011.22 1 6.875 1,850.57 90 6.625 1,850.57 BRENTWOOD TN 37027 1 07/27/01 12 0010407278 05 09/01/01 25 003013027614 O 08/01/31 0 6911479 005/Y15 F 339,200.00 ZZ 360 335,081.43 1 6.500 2,143.98 80 6.250 2,143.98 CHATTANOOGA TN 37421 1 10/23/01 00 10408151 05 12/01/01 0 003013032614 O 11/01/31 0 6911487 005/Y15 F 340,000.00 ZZ 360 336,288.93 1 6.625 2,177.06 48 6.375 2,177.06 FRANKLIN TN 37069 5 11/21/01 00 10408193 03 01/01/02 0 003013035872 O 12/01/31 0 6911491 005/H74 F 284,000.00 ZZ 360 280,833.66 1 6.750 1,842.02 80 6.500 1,842.02 PLANT CITY FL 33565 4 11/30/01 00 0010407443 05 01/01/02 0 003017016522 O 12/01/31 0 6911495 005/H74 F 286,400.00 ZZ 360 281,584.72 1 6.875 1,881.45 78 6.625 1,881.45 CHATTANOOGA TN 37421 4 05/01/01 00 0010407468 05 06/01/01 0 003017028279 O 05/01/31 0 6911497 005/Y15 F 327,900.00 ZZ 360 323,883.87 1 1 7.000 2,181.53 80 6.750 2,181.53 LUTZ FL 33549 4 11/01/01 00 10407476 03 12/01/01 0 003017031851 O 11/01/31 0 6911501 005/Y15 F 384,500.00 ZZ 360 380,048.09 1 6.750 2,493.86 78 6.500 2,493.86 HIGH POINT GA 30750 4 11/01/01 23 10407286 05 12/01/01 0 003017035464 O 11/01/31 0 6911503 005/Y15 F 336,582.00 ZZ 360 333,402.56 1 7.375 2,324.69 90 7.125 2,324.69 DADE CITY FL 33523 4 12/01/01 11 10407294 05 01/01/02 25 003017046230 O 12/01/31 0 6926002 373/X69 F 49,400.00 ZZ 360 47,763.95 1 6.875 324.53 95 6.625 324.53 PHILADELPHIA PA 19124 1 01/04/00 14 0005990544 09 03/01/00 30 0005990544 O 02/01/30 0 6926014 373/X38 F 63,900.00 ZZ 360 61,905.15 1 7.125 430.51 80 6.875 430.51 PHILADELPHIA PA 19136 1 01/21/00 00 0009069287 05 03/01/00 0 0009069287 O 02/01/30 0 6926030 373/X38 F 63,050.00 ZZ 360 61,695.45 1 7.125 424.78 97 6.875 424.78 PENNSAUKEN NJ 08110 1 10/30/00 14 0010380210 05 12/01/00 30 1 0010380210 O 11/01/30 0 6926118 373/X38 F 48,500.00 ZZ 360 44,455.87 1 6.125 294.70 97 5.875 294.70 SHIPPENSBURG PA 17257 1 03/29/99 12 0010805547 05 05/01/99 35 0010805547 O 04/01/29 0 6926152 373/X38 F 107,500.00 ZZ 360 102,931.72 1 5.875 635.91 63 5.625 635.91 NEWARK DE 19702 1 09/30/99 00 0010808996 05 11/01/99 0 0010808996 O 10/01/29 0 6926182 373/X38 F 120,000.00 ZZ 360 115,379.83 1 6.750 778.32 100 6.500 778.32 BURLINGTON TOWN NJ 08016 1 07/28/99 23 0010811255 05 09/01/99 0 0010811255 O 08/01/29 0 6926246 373/X69 F 47,900.00 ZZ 360 46,718.49 1 6.625 306.71 97 6.375 306.71 HARRISBURG PA 17104 1 11/30/00 14 0011557840 05 01/01/01 30 0011557840 O 12/01/30 0 6926258 373/X69 F 58,200.00 ZZ 360 56,839.72 1 6.375 363.10 97 6.125 363.10 STEELTON PA 17113 1 12/19/00 14 0011594587 05 02/01/01 30 0011594587 O 01/01/31 0 1 6926274 373/X38 F 61,100.00 ZZ 360 59,719.57 1 6.125 371.26 97 5.875 371.26 MIDDLETOWN PA 17057 1 01/25/01 14 0011640943 05 03/01/01 30 0011640943 O 02/01/31 0 6926298 373/X38 F 55,500.00 ZZ 360 54,226.56 1 7.000 369.25 98 6.750 369.25 HERMITAGE PA 16148 1 09/29/00 23 0012283453 05 11/01/00 0 0012283453 O 10/01/30 0 6926326 373/X38 F 42,300.00 ZZ 360 41,230.02 1 7.000 281.43 94 6.750 281.43 CAMDEN NJ 08104 1 07/31/00 14 0012396750 07 09/01/00 30 0012396750 O 08/01/30 0 6926330 373/X69 F 86,480.00 ZZ 360 84,455.80 1 7.125 582.64 94 6.875 582.64 UPPER DARBY PA 19082 1 08/15/00 14 0012454583 05 10/01/00 30 0012454583 O 09/01/30 0 6926364 373/X38 F 42,750.00 ZZ 360 41,684.32 1 7.000 284.42 95 6.750 284.42 CLEMENTON BOROU NJ 08021 1 08/30/00 14 0013176276 01 10/01/00 30 0013176276 O 09/01/30 0 6926456 373/X69 F 50,350.00 ZZ 360 49,158.54 1 6.875 330.77 100 6.625 330.77 1 COLWYN PA 19023 1 11/30/00 14 0013437850 09 01/01/01 30 0013437850 O 12/01/30 0 6926466 373/X38 F 107,300.00 ZZ 360 105,304.55 1 6.125 651.97 80 5.875 651.97 WARRINGTON PA 18976 1 05/30/01 00 0013454715 01 07/01/01 0 0013454715 O 06/01/31 0 6926472 373/X38 F 34,920.00 ZZ 360 34,169.58 1 7.125 235.27 97 6.875 235.27 OIL CITY PA 16301 1 10/27/00 14 0013469747 05 12/01/00 30 0013469747 O 11/01/30 0 6926526 373/X38 F 49,397.25 ZZ 360 48,161.80 1 6.750 320.39 97 6.500 320.39 PHILADELPHIA PA 19120 1 02/23/01 14 0013686225 07 04/01/01 30 0013686225 O 03/01/31 0 6926530 373/X38 F 34,105.00 ZZ 360 33,236.08 1 7.125 229.78 96 6.875 229.78 DONORA PA 15033 1 12/15/00 14 0013694732 05 02/01/01 30 0013694732 O 01/01/31 0 6926608 373/X69 F 81,690.00 ZZ 360 79,883.79 2 6.750 529.84 95 6.500 529.84 PHILADELPHIA PA 19149 1 01/30/01 14 0013822440 05 03/01/01 30 0013822440 O 02/01/31 0 1 6926628 373/X38 F 60,140.00 ZZ 360 58,750.79 1 6.000 360.57 96 5.750 360.57 STEELTON PA 17113 1 01/30/01 14 0013867569 05 03/01/01 30 0013867569 O 02/01/31 0 6926634 373/X38 F 48,355.00 ZZ 360 46,964.17 1 5.500 274.56 95 5.250 274.56 CHESTER TOWNSHI PA 19015 1 02/21/01 14 0013875513 09 04/01/01 30 0013875513 O 03/01/31 0 6926760 373/X69 F 25,500.00 ZZ 360 24,913.08 1 5.750 148.82 72 5.500 148.82 HADDON HEIGHTS NJ 08107 1 02/26/01 00 0014170773 01 04/01/01 0 0014170773 O 03/01/31 0 6926762 373/X38 F 48,500.00 ZZ 360 47,621.26 1 6.875 318.62 97 6.625 318.62 PHILADELPHIA PA 19130 1 04/10/01 14 0014172522 09 06/01/01 30 0014172522 O 05/01/31 0 6926788 373/X38 F 44,520.00 ZZ 360 43,598.44 1 6.750 288.76 97 6.500 288.76 PHILADELPHIA PA 19139 1 03/23/01 14 0014226708 07 05/01/01 30 0014226708 O 04/01/31 0 6926842 373/X69 F 74,400.00 ZZ 360 72,875.58 1 1 5.500 422.44 80 5.250 422.44 ROCKVILLE MD 20850 1 05/17/01 00 0014405575 01 07/01/01 0 0014405575 O 06/01/31 0 6926880 373/X69 F 83,900.00 ZZ 360 81,430.29 1 5.375 469.82 80 5.125 469.82 GERMANTOWN MD 20874 1 04/25/01 00 0014475701 05 06/01/01 0 0014475701 O 05/01/31 0 6926884 373/X38 F 66,930.00 ZZ 360 65,665.11 1 6.250 412.10 99 6.000 412.10 ERIE PA 16502 1 04/26/01 14 0014484356 05 06/01/01 30 0014484356 O 05/01/31 0 6926886 373/X69 F 96,800.00 ZZ 360 89,183.66 1 5.375 542.06 95 5.125 542.06 BOYDS MD 20841 1 05/24/01 14 0014484893 09 07/01/01 30 0014484893 O 06/01/31 0 6926906 373/X38 F 34,700.00 ZZ 360 33,832.68 1 5.375 194.32 78 5.125 194.32 PHILADELPHIA PA 19134 1 04/30/01 00 0014522403 09 06/01/01 0 0014522403 O 05/01/31 0 6926924 373/X69 F 50,700.00 ZZ 360 49,785.99 1 5.875 299.91 95 5.625 299.91 HARRISBURG PA 17111 1 06/29/01 14 0014734297 05 08/01/01 30 1 0014734297 O 07/01/31 0 6926936 373/X38 F 48,500.00 ZZ 360 47,684.08 1 6.250 298.63 97 6.000 298.63 HARRISBURG PA 17104 1 06/29/01 14 0014761050 05 08/01/01 30 0014761050 O 07/01/31 0 6926940 373/X69 F 55,700.00 ZZ 360 54,880.19 1 6.625 356.66 97 6.375 356.66 HARRISBURG PA 17104 1 07/31/01 14 0014829360 07 09/01/01 30 0014829360 O 08/01/31 0 6927016 373/X38 F 48,500.00 ZZ 360 47,640.49 1 5.625 279.20 75 5.375 279.20 NORRISTOWN PA 19401 1 07/23/01 00 0015179542 05 09/01/01 0 0015179542 O 08/01/31 0 6927040 373/X38 F 52,380.00 ZZ 360 51,723.69 1 6.830 342.53 97 6.580 342.53 PHILADELPHIA PA 19124 1 09/19/01 14 0015266331 05 11/01/01 30 0015266331 O 10/01/31 0 6927054 373/X38 F 48,500.00 ZZ 360 47,832.80 1 7.125 326.76 97 6.875 326.76 PHILADELPHIA PA 19124 1 07/06/01 14 0015300197 07 09/01/01 30 0015300197 O 08/01/31 0 1 6927104 373/X69 F 74,950.00 ZZ 360 73,718.20 1 6.375 467.60 99 6.125 467.60 HARRISBURG PA 17111 1 06/29/01 14 0015458433 05 08/01/01 30 0015458433 O 07/01/31 0 6927112 373/X38 F 48,500.00 ZZ 360 47,752.11 1 7.000 322.68 97 6.750 322.68 PHILADELPHIA PA 19130 1 08/14/01 14 0015478514 05 10/01/01 30 0015478514 O 09/01/31 0 6927182 373/X69 F 64,594.00 ZZ 360 63,597.54 1 6.375 402.99 95 6.125 402.99 NORRISTOWN PA 19403 1 07/31/01 14 0015732977 01 09/01/01 30 0015732977 O 08/01/31 0 6959981 X73/X73 F 479,251.75 ZZ 320 453,024.84 1 6.875 3,271.50 69 6.625 3,271.50 TAVERNIER FL 33070 5 04/01/99 00 2342254670 05 05/01/99 0 2342254670 O 12/01/25 0 6959983 X73/X73 F 516,000.00 ZZ 360 507,409.21 1 6.625 3,304.01 80 6.375 3,304.01 SAN JOSE CA 95120 1 05/30/01 00 2537188927 05 07/01/01 0 2537188927 O 06/01/31 0 6959989 X73/X73 F 275,000.00 ZZ 360 270,983.81 1 7.000 1,829.58 79 6.750 1,829.58 1 N MIAMI BEACH FL 33179 2 06/25/01 00 3859024587 05 08/01/01 0 3859024587 O 07/01/31 0 6959997 X73/X73 F 349,000.00 ZZ 360 341,818.25 1 6.625 2,234.69 80 6.375 2,234.69 RENO NV 89511 1 01/22/01 00 4195098197 03 03/01/01 0 4195098197 O 02/01/31 0 7046347 005/Y15 F 300,000.00 ZZ 360 297,286.36 1 6.625 1,920.94 82 6.375 1,920.94 KINGSTON SPRING TN 37082 2 01/09/02 00 10408268 05 03/01/02 0 003011393208 O 02/01/32 0 7087886 B86/T77 F 382,500.00 ZZ 240 271,934.50 1 8.500 3,319.43 85 8.250 3,319.43 EASLEY SC 29642 1 02/26/93 04 6000000247 03 04/01/93 12 6000000247 O 03/01/13 0 7088066 B86/M32 F 118,300.00 ZZ 360 101,824.70 1 10.875 1,115.44 90 10.625 1,115.44 LITHONIA GA 30058 1 04/28/89 04 270000038 03 06/01/89 17 6000200730 O 05/01/19 0 7088206 B86/M32 F 119,850.00 ZZ 360 114,436.85 1 6.875 787.33 79 6.625 787.33 GASTON SC 29053 4 12/22/98 00 270000069 05 02/01/99 0 6000463148 O 01/01/29 0 1 7088916 B86/T77 F 49,230.00 ZZ 360 47,066.14 1 6.875 324.44 59 6.625 324.44 WILMINGTON NC 28401 1 04/16/99 00 6000645512 05 05/28/99 0 6000645512 O 04/28/29 0 7089144 B86/M32 F 160,000.00 ZZ 359 157,615.65 1 7.375 1,105.93 64 7.125 1,105.93 LAKE WYLIE SC 29710 4 05/16/01 00 270000234 05 07/01/01 0 6000832342 O 05/01/31 0 7089206 B86/M32 F 95,000.00 ZZ 360 93,393.18 1 7.750 680.60 76 7.375 680.60 MURRELLS INLET SC 29576 1 06/22/01 00 270000254 05 08/01/01 0 6000842655 O 07/01/31 0 7089290 B86/T77 F 149,227.73 ZZ 357 147,056.33 1 7.125 1,007.81 47 6.875 1,007.81 IRMO SC 29063 1 07/01/01 00 6000861929 03 08/01/01 0 6000861929 O 04/01/31 0 7089418 B86/M32 F 49,248.00 ZZ 360 48,439.33 1 7.000 327.65 59 6.750 327.65 WILMINGTON NC 28405 1 05/01/01 00 270000294 05 06/01/01 0 6000874047 O 05/01/31 0 7089482 B86/M32 F 50,440.00 ZZ 360 48,944.97 1 1 8.375 383.39 97 8.125 383.39 TAYLORS SC 29687 1 06/22/01 00 270000306 05 08/01/01 0 6000878089 O 07/01/31 0 7089518 B86/M32 F 275,000.00 ZZ 360 271,799.47 1 7.125 1,852.73 58 6.875 1,852.73 HILTON HEAD SC 29928 2 09/20/01 00 270000318 03 11/01/01 0 6000881042 O 10/01/31 0 7367011 B86/M32 F 63,200.00 ZZ 360 59,189.96 1 6.875 415.18 98 6.025 415.18 GREENVILLE SC 29609 1 10/01/97 24 270000055 05 11/01/97 18 6000424074 O 10/01/27 0 7367013 B86/M32 F 226,000.00 ZZ 360 197,932.35 1 7.250 1,541.72 100 6.400 1,541.72 ANDERSON SC 29621 1 06/05/98 24 270000070 05 08/01/98 20 6000464054 O 07/01/28 0 7367015 B86/M32 F 70,800.00 ZZ 360 67,913.92 1 8.125 525.69 96 7.875 525.69 IRMO SC 29063 1 07/29/98 00 270000074 05 09/01/98 0 6000468774 O 08/01/28 0 7367033 B86/M32 F 148,000.00 ZZ 360 122,452.80 1 6.500 935.47 79 6.250 935.47 GREENVILLE SC 29609 5 03/26/01 00 270000264 05 05/01/01 0 1 6000858925 O 04/01/31 0 7384245 B86/M32 F 39,000.00 ZZ 360 38,591.14 1 8.375 296.43 100 7.525 296.43 PALATKA FL 32177 1 07/27/01 24 270000311 05 09/01/01 20 6000879921 O 08/01/31 0 7493003 X68/H74 F 975,000.00 ZZ 360 975,000.00 1 7.125 5,789.06 65 6.875 5,789.06 SANTA MONICA CA 90402 1 11/21/01 00 0010408995 05 01/01/02 0 00C1110003 O 12/01/31 0 7493005 X68/H74 F 370,000.00 ZZ 360 366,481.04 1 6.875 2,430.64 65 6.625 2,430.64 LOS ANGELES CA 90046 5 12/04/01 00 0010409001 05 02/01/02 0 00C1110008 N 01/01/32 0 7493007 X68/H74 F 348,000.00 ZZ 360 344,690.33 4 6.875 2,286.11 54 6.625 2,286.11 LOS ANGELES CA 90035 2 12/04/01 00 0010409043 05 02/01/02 0 00C1110009 N 01/01/32 0 7493009 X68/H74 F 999,950.00 ZZ 360 991,387.38 1 7.875 7,250.33 56 7.625 7,250.33 PASADENA CA 91105 5 11/28/01 00 0010409084 05 01/01/02 0 00C1110017 O 12/01/31 0 1 7493015 X68/H74 F 2,990,000.00 ZZ 360 2,975,832.14 1 8.750 23,522.34 65 8.500 23,522.34 NEW YORK NY 10021 5 03/21/02 00 0010409233 09 05/01/02 0 00C2030023 O 04/01/32 0 7493017 X68/H74 F 1,500,000.00 ZZ 360 1,484,602.42 1 7.375 10,360.13 60 7.125 10,360.13 BELLEVUE WA 98004 5 10/05/01 00 0010409241 05 12/01/01 0 00W1080032 O 11/01/31 0 7493019 X68/H74 F 373,500.00 ZZ 360 369,155.17 1 7.500 2,611.57 90 7.250 2,611.57 SAN LUIS OBISPO CA 93405 5 08/25/01 01 0010409258 05 10/01/01 17 00W1080045 O 09/01/31 0 7493031 X68/H74 F 918,000.00 T 360 907,867.93 1 7.000 6,107.48 53 6.750 6,107.48 BETHANY BEACH DE 19930 2 10/30/01 00 0010409266 03 12/01/01 0 00W1100053 O 11/01/31 0 7493043 X68/H74 F 555,000.00 ZZ 360 549,721.63 1 6.875 3,645.95 66 6.625 3,645.95 DESTIN FL 32541 5 11/30/01 00 0010409274 05 02/01/02 0 00W1110084 O 01/01/32 0 7493049 X68/H74 F 1,000,000.00 T 360 992,807.09 1 7.250 6,821.76 56 7.000 6,821.76 1 MILLBROOK NY 12545 1 02/27/02 00 0010409282 05 04/01/02 0 00W2010005 O 03/01/32 0 7493063 X68/H74 F 500,000.00 T 360 496,820.54 1 7.875 3,625.35 80 7.625 3,625.35 DAPHNE AL 36526 5 02/22/02 00 0010409308 05 04/01/02 0 00W2020008 O 03/01/32 0 7638073 X32/X32 F 316,200.00 ZZ 360 300,158.05 1 7.125 2,130.30 100 6.875 2,130.30 HIGHLAND HEIGHT OH 44143 1 05/21/98 10 0027561511 05 07/01/98 12 0027561511 O 06/01/28 0 7638079 X32/X32 F 331,500.00 ZZ 352 316,706.75 1 7.250 2,275.93 85 7.000 2,275.93 AUBURN TOWNSHIP OH 44021 1 05/07/98 10 0027576970 03 02/01/99 12 0027576970 O 05/01/28 0 7664709 X76/X76 F 364,000.00 ZZ 360 346,720.94 1 7.125 2,452.34 80 6.875 2,452.34 CAMARILLO CA 93010 1 08/13/98 00 4440063172 05 10/01/98 0 4440063172 O 09/01/28 0 7664711 X76/X76 F 386,000.00 ZZ 360 367,692.56 1 7.000 2,568.07 80 6.750 2,568.07 LOS ANGELES CA 90068 1 09/03/98 00 4440063578 05 11/01/98 0 4440063578 O 10/01/28 0 1 7664721 X76/X76 F 342,650.00 ZZ 360 315,868.05 1 7.000 2,279.66 70 6.750 2,279.66 SANTA BARBARA CA 93105 1 12/03/98 00 4440066423 05 02/01/99 0 4440066423 O 01/01/29 0 7664733 X76/X76 F 435,000.00 ZZ 360 417,172.50 1 7.000 2,894.07 55 6.750 2,894.07 SANTA BARBARA CA 93105 2 03/19/99 00 4440071316 05 05/01/99 0 4440071316 O 04/01/29 0 7664735 X76/X76 F 563,000.00 ZZ 360 522,159.57 1 7.125 3,793.04 62 6.875 3,793.04 GILROY CA 95020 4 03/25/99 00 4440071514 05 05/01/99 0 4440071514 O 04/01/29 0 7693106 X68/H74 F 260,000.00 ZZ 360 257,385.27 1 7.875 1,885.18 73 7.625 1,885.18 NEW HYDE PARK NY 11040 5 09/18/01 00 0010406635 05 11/01/01 0 W1080029 O 10/01/31 0 7693114 X68/H74 F 295,200.00 ZZ 360 291,112.61 1 7.000 1,963.97 80 6.750 1,963.97 LONG BEACH CA 90815 1 07/17/01 00 0010406676 05 09/01/01 0 W1080186 O 08/01/31 0 7693124 X68/H74 F 400,000.00 ZZ 360 396,534.77 1 1 8.625 3,111.16 80 8.375 3,111.16 KEY WEST FL 33040 5 09/21/01 00 0010406718 05 11/01/01 0 W1090053 O 10/01/31 0 7693130 X68/H74 F 305,000.00 ZZ 360 301,611.97 1 7.375 2,106.56 72 7.125 2,106.56 SOUTH SAN FRANC CA 94080 5 10/12/01 00 0010406742 05 12/01/01 0 W1090082 O 11/01/31 0 7693138 X68/H74 F 375,000.00 ZZ 360 371,098.08 1 6.875 2,463.48 90 6.625 2,463.48 TORRANCE CA 90503 2 11/24/01 10 0010407096 05 01/01/02 25 W1100014 O 12/01/31 0 7693146 X68/H74 F 1,100,000.00 ZZ 360 1,089,506.41 1 7.750 7,880.53 55 7.500 7,880.53 PARK CITY UT 84060 2 10/23/01 00 0010406817 05 12/01/01 0 W1100026 O 11/01/31 0 7693166 X68/H74 F 596,000.00 ZZ 360 588,481.44 1 6.875 3,915.30 80 6.625 3,915.30 BOCA RATON FL 33498 1 11/19/01 00 0010406916 03 01/01/02 0 W1110026 O 12/01/31 0 7693192 X68/H74 F 920,000.00 T 360 911,468.26 1 7.875 6,670.64 80 7.625 6,670.64 FRIPP ISLAND SC 29920 1 12/17/01 00 0010407021 03 02/01/02 0 1 W1110098 O 01/01/32 0 7693194 X68/H74 F 500,000.00 ZZ 360 495,788.26 1 7.500 3,496.07 80 7.250 3,496.07 WESTLAKE VILLAG CA 91361 1 12/24/01 00 0010407039 03 02/01/02 0 W1120034 O 01/01/32 0 7704465 005/H74 F 112,500.00 ZZ 360 110,000.07 3 7.000 748.47 90 6.750 748.47 NASHVILLE TN 37209 1 05/18/01 12 0010409720 05 07/01/01 17 3011214354 O 06/01/31 0 7920225 005/E72 F 401,200.00 ZZ 240 397,071.93 1 6.875 3,080.47 80 6.625 3,080.47 GALLANT AL 35972 2 06/24/02 00 260000251 05 08/01/02 0 3011495938 O 07/01/22 0 8074631 H93/M32 F 438,750.00 ZZ 360 368,059.87 1 6.750 2,845.72 75 6.500 2,845.72 PUNTA GORDA FL 33982 5 05/22/98 00 270000366 05 07/01/98 0 0001080803 O 06/01/28 0 8074635 H93/M32 F 378,500.00 ZZ 360 360,960.98 1 7.000 2,518.17 69 6.750 2,518.17 BRADENTON FL 34209 5 10/26/98 00 270000368 05 12/01/98 0 0001083443 O 11/01/28 0 1 8074641 H93/M32 F 475,000.00 ZZ 351 455,816.67 1 7.000 3,184.24 88 6.750 3,184.24 NEW SMYRNA BEAC FL 32168 1 06/11/99 14 270000369 05 08/01/99 25 0001110345 O 10/01/28 0 8074643 H93/M32 F 425,000.00 ZZ 347 393,496.87 1 7.625 3,037.83 48 7.375 3,037.83 FORT MYERS FL 33908 4 04/27/01 00 270000371 05 06/01/01 0 0001253343 O 04/01/30 0 8144841 F28/M32 F 500,000.00 ZZ 360 499,093.52 1 6.500 3,160.34 52 6.250 3,160.34 NORWELL MA 02061 5 09/04/02 00 TO BE ASSIGNED 05 11/01/02 0 0003134538 O 10/01/32 0 8144919 F28/M32 F 465,000.00 ZZ 240 463,069.94 1 6.375 3,432.78 47 6.125 3,432.78 HOPEWELL NJ 08525 2 09/17/02 00 05 11/01/02 0 0003267498 O 10/01/22 0 8145155 F28/M32 F 440,000.00 ZZ 240 438,146.36 1 6.250 3,216.08 44 6.000 3,216.08 SUDBURY MA 01776 2 09/09/02 00 05 11/01/02 0 0003423436 O 10/01/22 0 8218941 X32/X32 F 360,000.00 ZZ 360 359,658.42 1 6.250 2,216.58 80 6.000 2,216.58 1 LAGRANGE PARK IL 60526 1 10/15/02 00 TO BE ASSIGNED 05 12/01/02 0 0190139162 O 11/01/32 0 8218943 X32/X32 F 434,600.00 ZZ 360 434,216.56 1 6.625 2,782.79 68 6.375 2,782.79 AKRON OH 44333 2 10/21/02 00 TO BE ASSIGNED 05 12/01/02 0 0190150482 O 11/01/32 0 8218949 X32/X32 F 406,000.00 ZZ 360 405,281.62 1 6.625 2,599.66 55 6.375 2,599.66 HUDSON OH 44236 2 09/25/02 00 TO BE ASSIGNED 05 11/01/02 0 0190155390 O 10/01/32 0 8218953 X32/X32 F 400,000.00 ZZ 336 399,569.10 1 6.375 2,555.90 77 6.125 2,555.90 AURORA OH 44202 2 10/10/02 00 TO BE ASSIGNED 05 12/01/02 0 0190159814 O 11/01/30 0 8218957 X32/X32 F 400,000.00 ZZ 360 399,309.28 1 6.750 2,594.39 80 6.500 2,594.39 CHICAGO IL 60655 2 09/09/02 00 TO BE ASSIGNED 05 11/01/02 0 0190159996 O 10/01/32 0 8218963 X32/X32 F 450,000.00 ZZ 360 449,583.22 1 6.375 2,807.41 24 6.125 2,807.41 BATH OH 44333 5 10/17/02 00 TO BE ASSIGNED 05 12/01/02 0 0190170332 O 11/01/32 0 1 8218965 X32/X32 F 373,000.00 ZZ 240 372,239.43 1 6.500 2,780.99 68 6.250 2,780.99 RIVER FOREST IL 60305 2 10/18/02 00 TO BE ASSIGNED 05 12/01/02 0 0190170985 O 11/01/22 0 8218983 X32/X32 F 365,500.00 ZZ 360 365,153.20 1 6.250 2,250.45 68 6.000 2,250.45 CHICAGO IL 60646 2 10/18/02 00 TO BE ASSIGNED 05 12/01/02 0 0190185009 O 11/01/32 0 8218985 X32/X32 F 427,000.00 ZZ 360 422,852.20 1 6.250 2,629.11 25 6.000 2,629.11 BROOKLYN NY 11201 2 01/29/02 00 TO BE ASSIGNED 05 03/01/02 0 0190092445 O 02/01/32 0 8218987 X32/X32 F 323,000.00 ZZ 360 320,440.10 1 6.750 2,094.97 77 6.500 2,094.97 DOWNERS GROVE IL 60516 2 02/14/02 00 TO BE ASSIGNED 05 04/01/02 0 0190117804 O 03/01/32 0 8254003 736/M32 F 560,000.00 ZZ 360 559,540.97 1 7.000 3,725.70 79 6.750 3,725.70 EDINA MN 55436 5 10/15/02 00 TO BE ASSIGNED 05 12/01/02 0 0080421258 O 11/01/32 0 8254007 736/M32 F 330,000.00 ZZ 360 329,679.26 1 1 6.125 2,005.12 46 5.875 2,005.12 SAINT AUGUSTINE FL 32080 5 10/23/02 00 TO BE ASSIGNED 05 12/01/02 0 0080514334 O 11/01/32 0 8254015 736/M32 F 145,000.00 ZZ 360 144,705.65 1 6.000 869.35 57 5.750 869.35 RYE NH 03870 5 10/22/02 00 TO BE ASSIGNED 05 12/01/02 0 0080641791 O 11/01/32 0 8254025 736/M32 F 409,250.00 ZZ 360 408,842.58 1 6.000 2,453.67 72 5.750 2,453.67 LA GRANGE IL 60525 2 10/16/02 00 TO BE ASSIGNED 05 12/01/02 0 0080645162 O 11/01/32 0 8254033 736/M32 F 380,000.00 ZZ 360 379,656.47 1 6.500 2,401.86 68 6.250 2,401.86 NEEDHAM MA 02492 2 10/24/02 00 TO BE ASSIGNED 05 12/01/02 0 0080649250 O 11/01/32 0 8254037 736/M32 F 398,500.00 ZZ 360 397,149.26 1 6.875 2,617.87 76 6.625 2,617.87 PUEBLO CO 81007 2 07/26/02 00 TO BE ASSIGNED 05 09/01/02 0 0106680259 O 08/01/32 0 8254039 736/M32 F 171,900.00 ZZ 360 171,302.94 1 6.750 1,114.95 64 6.500 1,114.95 SIGNAL HILL CA 90804 1 07/09/02 00 TO BE ASSIGNED 01 09/01/02 0 1 0106893134 O 08/01/32 0 8254041 736/M32 F 75,000.00 ZZ 360 74,935.43 1 6.750 486.45 61 6.500 486.45 TULSA OK 74112 5 10/17/02 00 TO BE ASSIGNED 05 12/01/02 0 0106988843 O 11/01/32 0 8254043 736/M32 F 115,200.00 ZZ 360 115,100.81 1 6.750 747.19 67 6.500 747.19 MIAMI FL 33012 1 10/28/02 00 TO BE ASSIGNED 05 12/01/02 0 0107002628 O 11/01/32 0 8254045 736/M32 F 375,000.00 ZZ 360 374,635.52 1 6.125 2,278.54 52 5.875 2,278.54 WOODBURY NY 11797 1 10/29/02 00 TO BE ASSIGNED 05 12/01/02 0 0107020653 O 11/01/32 0 8254051 736/M32 F 391,500.00 ZZ 360 390,737.02 1 6.125 2,378.80 44 5.875 2,378.80 SAN RAFAEL CA 94903 2 09/03/02 00 TO BE ASSIGNED 05 11/01/02 0 0107118168 O 10/01/32 0 8254053 736/M32 F 529,000.00 ZZ 360 528,533.27 1 6.625 3,387.25 71 6.375 3,387.25 FREEHOLD NJ 07728 2 10/23/02 00 TO BE ASSIGNED 05 12/01/02 0 0107230393 O 11/01/32 0 1 8254055 736/M32 F 1,000,000.00 ZZ 360 999,051.15 1 6.250 6,157.18 63 6.000 6,157.18 ROSLYN HEIGHTS NY 11577 1 10/21/02 00 TO BE ASSIGNED 05 12/01/02 0 0107298986 O 11/01/32 0 8254057 736/M32 F 175,000.00 ZZ 360 174,829.91 2 6.125 1,063.32 67 5.875 1,063.32 WOODHAVEN NY 11421 2 10/22/02 00 TO BE ASSIGNED 05 12/01/02 0 0107326969 O 11/01/32 0 8254061 736/M32 F 280,000.00 ZZ 360 279,740.66 1 6.375 1,746.84 42 6.125 1,746.84 CHARLESTOWN MA 02129 2 10/21/02 00 TO BE ASSIGNED 09 12/01/02 0 0107329708 O 11/01/32 0 8254063 736/M32 F 522,000.00 ZZ 360 521,528.10 1 6.500 3,299.40 90 6.250 3,299.40 NORTHPORT NY 11768 1 10/24/02 01 TO BE ASSIGNED 05 12/01/02 25 0107339459 O 11/01/32 0 8254065 736/M32 F 328,000.00 ZZ 360 327,724.44 1 6.875 2,154.73 80 6.625 2,154.73 FRAMINGHAM MA 01701 2 10/23/02 00 TO BE ASSIGNED 05 12/01/02 0 0107354920 O 11/01/32 0 1 TOTAL NUMBER OF LOANS : 149 TOTAL ORIGINAL BALANCE : 44,809,065.53 TOTAL PRINCIPAL BALANCE : 43,784,073.03 TOTAL ORIGINAL P+I : 304,999.65 TOTAL CURRENT P+I : 304,999.65 *************************** * END OF REPORT * *************************** F-2-1 EXHIBIT F-3 GROUP III LOAN SCHEDULE TO BE PROVIDED UPON REQUEST RUN ON : 12/26/02 RFC DISCLOSURE SYSTEM RFFSDARM-01 AT : 11.06.05 ARM PASSTHRU REPORT AMORTIZED BALANCE SERIES : RAMP 2002-RM1 ARM CUTOFF : 12/01/02 POOL : 0004651 : : POOL STATUS: F RFC LOAN NUMBER SUB SERV FEE RFC NET CEILING(MX RFC NET RT) PRINCIPAL BALANCE MSTR SERV FEE MAX NET MTG RT(MAX INV RT) CURR NOTE RATE ALL EXP MAX POST STRIP RATE RFC NET RATE MISC EXP INV RATE MARGIN NET MTG RATE(INVSTR RATE) SPREAD POST STRIP MARGIN POST STRIP RATE STRIP --------------------------------------------------------------------------- 4129786 .5000 13.6250 298,216.70 .7000 12.9250 5.1250 .0000 12.9250 4.6250 .0000 1.5500 3.9250 .0000 1.5500 3.9250 .0000 4331927 .4500 16.4250 66,691.20 .0300 16.3950 5.2500 .0000 16.3950 4.8000 .0000 2.7700 4.7700 .0000 2.7700 4.7700 .0000 4332005 .3750 14.3750 29,175.40 .0300 14.3450 5.1250 .0000 14.3450 4.7500 .0000 2.5950 4.7200 .0000 2.5950 4.7200 .0000 4332019 .3750 16.3750 89,821.11 .0300 16.3450 5.2500 .0000 16.3450 4.8750 .0000 2.3450 4.8450 .0000 2.3450 4.8450 .0000 4332050 .3750 15.1250 58,712.14 .0300 15.0950 6.0000 .0000 15.0950 5.6250 .0000 2.8450 5.5950 .0000 2.8450 5.5950 .0000 4332084 .3600 11.2650 154,379.61 .0300 11.2350 4.8750 .0000 11.2350 4.5150 .0000 2.4850 4.4850 .0000 2.4850 4.4850 .0000 1 5524028 .2500 13.0000 159,949.96 .0300 12.9700 7.2500 .0000 12.9700 7.0000 .0000 2.4700 6.9700 .0000 2.4700 6.9700 .0000 7035573 .3750 12.5000 636,729.55 .0300 12.4700 6.8750 .0000 12.4700 6.5000 .0000 2.4700 6.4700 .0000 2.4700 6.4700 .0000 7035583 .3750 12.2500 403,162.18 .0300 12.2200 6.6250 .0000 12.2200 6.2500 .0000 2.4700 6.2200 .0000 2.4700 6.2200 .0000 7035603 .3750 11.6250 548,359.15 .0300 11.5950 6.0000 .0000 11.5950 5.6250 .0000 2.4700 5.5950 .0000 2.4700 5.5950 .0000 7035607 .2500 11.7500 402,548.55 .0300 11.7200 6.0000 .0000 11.7200 5.7500 .0000 2.4700 5.7200 .0000 2.4700 5.7200 .0000 7035609 .2500 12.1250 309,359.60 .0300 12.0950 6.3750 .0000 12.0950 6.1250 .0000 2.4700 6.0950 .0000 2.4700 6.0950 .0000 7035627 .2500 11.3750 328,002.97 .0300 11.3450 5.6250 .0000 11.3450 5.3750 .0000 2.4700 5.3450 .0000 2.4700 5.3450 .0000 7035695 .2500 11.3750 344,991.46 .0300 11.3450 5.6250 .0000 11.3450 5.3750 .0000 2.4700 5.3450 .0000 2.4700 5.3450 .0000 1 7035699 .2500 11.7500 458,033.35 .0300 11.7200 6.0000 .0000 11.7200 5.7500 .0000 2.4700 5.7200 .0000 2.4700 5.7200 .0000 7088152 .3750 13.5750 23,932.63 .0300 13.5450 7.0000 .0000 13.5450 6.6250 .0000 2.8450 6.5950 .0000 2.8450 6.5950 .0000 7088220 .3750 13.7500 727,666.55 .0300 13.7200 8.1250 .0000 13.7200 7.7500 .0000 2.8450 7.7200 .0000 2.8450 7.7200 .0000 7088354 .3750 14.8750 77,026.70 .0300 14.8450 7.7500 .0000 14.8450 7.3750 .0000 3.2200 7.3450 .0000 3.2200 7.3450 .0000 7088908 .3750 12.1250 96,927.69 .0300 12.0950 5.7500 .0000 12.0950 5.3750 .0000 2.5950 5.3450 .0000 2.5950 5.3450 .0000 7089048 .3750 12.6250 82,504.20 .0300 12.5950 6.5000 .0000 12.5950 6.1250 .0000 2.3450 6.0950 .0000 2.3450 6.0950 .0000 7089180 .3750 14.1250 243,906.61 .0300 14.0950 8.5000 .0000 14.0950 8.1250 .0000 2.8450 8.0950 .0000 2.8450 8.0950 .0000 7089272 .3750 13.3750 203,967.97 .0300 13.3450 7.7500 .0000 13.3450 7.3750 .0000 2.8450 7.3450 .0000 2.8450 7.3450 .0000 1 7089294 .3750 13.6250 161,902.83 .0300 13.5950 8.0000 .0000 13.5950 7.6250 .0000 2.8450 7.5950 .0000 2.8450 7.5950 .0000 7098891 .3750 11.1250 575,000.00 .0300 11.0950 6.5000 .0000 11.0950 6.1250 .0000 1.5950 6.0950 .0000 1.5950 6.0950 .0000 7098921 .3750 11.5000 1,518,000.00 .0300 11.4700 6.8750 .0000 11.4700 6.5000 .0000 1.5950 6.4700 .0000 1.5950 6.4700 .0000 7098963 .3750 10.8750 402,425.20 .0300 10.8450 6.2500 .0000 10.8450 5.8750 .0000 1.5950 5.8450 .0000 1.5950 5.8450 .0000 7099017 .3750 11.0450 399,000.00 .0300 11.0150 6.4200 .0000 11.0150 6.0450 .0000 1.5950 6.0150 .0000 1.5950 6.0150 .0000 7099019 .3750 11.1250 83,243.16 .0300 11.0950 6.5000 .0000 11.0950 6.1250 .0000 1.5950 6.0950 .0000 1.5950 6.0950 .0000 7099059 .3750 10.9150 391,397.42 .0300 10.8850 6.2900 .0000 10.8850 5.9150 .0000 1.5950 5.8850 .0000 1.5950 5.8850 .0000 7493011 .3750 13.3750 2,710,162.25 .0300 13.3450 7.7500 .0000 13.3450 7.3750 .0000 2.5950 7.3450 .0000 2.5950 7.3450 .0000 1 7493023 .3750 13.1250 426,582.69 .0300 13.0950 7.5000 .0000 13.0950 7.1250 .0000 2.5950 7.0950 .0000 2.5950 7.0950 .0000 7493025 .3750 13.1250 426,582.69 .0300 13.0950 7.5000 .0000 13.0950 7.1250 .0000 2.5950 7.0950 .0000 2.5950 7.0950 .0000 7493029 .3750 12.5000 3,957,049.99 .0300 12.4700 6.8750 .0000 12.4700 6.5000 .0000 2.5950 6.4700 .0000 2.5950 6.4700 .0000 7493055 .3750 10.7500 832,500.30 .0300 10.7200 6.1250 .0000 10.7200 5.7500 .0000 3.8450 5.7200 .0000 3.8450 5.7200 .0000 7634405 .2500 11.3750 419,843.15 .0300 11.3450 5.6250 .0000 11.3450 5.3750 .0000 2.4700 5.3450 .0000 2.4700 5.3450 .0000 7693100 .3750 10.8750 562,004.00 .0300 10.8450 5.2500 .0000 10.8450 4.8750 .0000 2.3450 4.8450 .0000 2.3450 4.8450 .0000 7693112 .3750 10.8750 178,312.07 .0300 10.8450 6.2500 .0000 10.8450 5.8750 .0000 3.8450 5.8450 .0000 3.8450 5.8450 .0000 7693126 .3750 12.1250 1,067,928.65 .0300 12.0950 6.5000 .0000 12.0950 6.1250 .0000 2.5950 6.0950 .0000 2.5950 6.0950 .0000 1 7693134 .3750 12.6250 368,265.99 .0300 12.5950 7.0000 .0000 12.5950 6.6250 .0000 2.5950 6.5950 .0000 2.5950 6.5950 .0000 7693140 .3750 10.5000 392,563.01 .0300 10.4700 4.8750 .0000 10.4700 4.5000 .0000 2.3450 4.4700 .0000 2.3450 4.4700 .0000 7693148 .3750 12.3750 1,482,632.36 .0300 12.3450 6.7500 .0000 12.3450 6.3750 .0000 2.5950 6.3450 .0000 2.5950 6.3450 .0000 7693160 .3750 9.8750 599,891.88 .0300 9.8450 4.3750 .0000 9.8450 4.0000 .0000 2.3450 3.9700 .0000 2.3450 3.9700 .0000 7693178 .3750 12.2500 459,000.00 .0300 12.2200 6.6250 .0000 12.2200 6.2500 .0000 2.5950 6.2200 .0000 2.5950 6.2200 .0000 7693184 .3750 10.5000 370,070.26 .0300 10.4700 4.8750 .0000 10.4700 4.5000 .0000 2.3450 4.4700 .0000 2.3450 4.4700 .0000 7693190 .3750 12.6250 1,456,352.15 .0300 12.5950 7.0000 .0000 12.5950 6.6250 .0000 2.3450 6.5950 .0000 2.3450 6.5950 .0000 7693196 .3750 9.8750 198,677.20 .0300 9.8450 4.8750 .0000 9.8450 4.5000 .0000 2.3450 4.4700 .0000 2.3450 4.4700 .0000 1 7693198 .3750 12.5000 745,963.81 .0300 12.4700 6.8750 .0000 12.4700 6.5000 .0000 2.5950 6.4700 .0000 2.5950 6.4700 .0000 7711755 .3750 12.2500 107,354.27 .0300 12.2200 6.6250 .0000 12.2200 6.2500 .0000 2.3450 6.2200 .0000 2.3450 6.2200 .0000 7714223 .3750 10.8750 246,242.86 .0300 10.8450 5.2500 .0000 10.8450 4.8750 .0000 2.3450 4.8450 .0000 2.3450 4.8450 .0000 7714247 .3750 11.6250 1,077,324.56 .0300 11.5950 6.0000 .0000 11.5950 5.6250 .0000 2.3450 5.5950 .0000 2.3450 5.5950 .0000 7762775 .3750 10.0000 101,483.25 .0300 9.9700 4.3750 .0000 9.9700 4.0000 .0000 2.3450 3.9700 .0000 2.3450 3.9700 .0000 7762787 .3750 11.3750 149,384.12 .0300 11.3450 5.7500 .0000 11.3450 5.3750 .0000 2.3450 5.3450 .0000 2.3450 5.3450 .0000 7777539 .2500 11.2500 430,453.70 .0300 11.2200 6.5000 .0000 11.2200 6.2500 .0000 2.4700 6.2200 .0000 2.4700 6.2200 .0000 7777555 .2500 11.7500 693,002.88 .0300 11.7200 7.0000 .0000 11.7200 6.7500 .0000 2.4700 6.7200 .0000 2.4700 6.7200 .0000 1 7777557 .2500 12.0000 607,871.12 .0300 11.9700 6.2500 .0000 11.9700 6.0000 .0000 2.4700 5.9700 .0000 2.4700 5.9700 .0000 7777569 .2500 10.8750 347,211.40 .0300 10.8450 6.1250 .0000 10.8450 5.8750 .0000 2.4700 5.8450 .0000 2.4700 5.8450 .0000 7777583 .2500 11.2500 352,659.01 .0300 11.2200 6.5000 .0000 11.2200 6.2500 .0000 2.4700 6.2200 .0000 2.4700 6.2200 .0000 7777593 .2500 11.5000 365,744.35 .0300 11.4700 6.7500 .0000 11.4700 6.5000 .0000 2.4700 6.4700 .0000 2.4700 6.4700 .0000 7777609 .2500 11.5000 745,402.83 .0300 11.4700 6.7500 .0000 11.4700 6.5000 .0000 2.4700 6.4700 .0000 2.4700 6.4700 .0000 7777617 .2500 11.3750 363,593.53 .0300 11.3450 6.6250 .0000 11.3450 6.3750 .0000 2.4700 6.3450 .0000 2.4700 6.3450 .0000 7777627 .2500 12.1250 476,032.52 .0300 12.0950 6.3750 .0000 12.0950 6.1250 .0000 2.4700 6.0950 .0000 2.4700 6.0950 .0000 7777635 .2500 11.5000 419,015.79 .0300 11.4700 6.7500 .0000 11.4700 6.5000 .0000 2.4700 6.4700 .0000 2.4700 6.4700 .0000 1 7777639 .2500 11.2500 397,427.28 .0300 11.2200 6.5000 .0000 11.2200 6.2500 .0000 2.4700 6.2200 .0000 2.4700 6.2200 .0000 7777641 .2500 11.8750 831,972.49 .0300 11.8450 6.1250 .0000 11.8450 5.8750 .0000 2.4700 5.8450 .0000 2.4700 5.8450 .0000 7777647 .3750 10.7500 439,227.61 .0300 10.7200 5.1250 .0000 10.7200 4.7500 .0000 2.5950 4.7200 .0000 2.5950 4.7200 .0000 7777651 .2500 12.1250 993,412.35 .0300 12.0950 6.3750 .0000 12.0950 6.1250 .0000 2.4700 6.0950 .0000 2.4700 6.0950 .0000 7777667 .2500 11.0000 429,085.46 .0300 10.9700 6.2500 .0000 10.9700 6.0000 .0000 2.4700 5.9700 .0000 2.4700 5.9700 .0000 7777671 .2500 12.1250 305,098.57 .0300 12.0950 6.3750 .0000 12.0950 6.1250 .0000 2.4700 6.0950 .0000 2.4700 6.0950 .0000 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11.3750 600,413.17 .0300 11.3450 5.7500 .0000 11.3450 5.3750 .0000 2.3450 5.3450 .0000 2.3450 5.3450 .0000 8229767 .3750 11.1250 443,038.26 .0300 11.0950 5.5000 .0000 11.0950 5.1250 .0000 2.3450 5.0950 .0000 2.3450 5.0950 .0000 8229797 .3750 11.1250 413,082.56 .0300 11.0950 5.5000 .0000 11.0950 5.1250 .0000 2.3450 5.0950 .0000 2.3450 5.0950 .0000 8270879 .2500 11.1250 557,473.05 .0300 11.0950 5.3750 .0000 11.0950 5.1250 .0000 2.4700 5.0950 .0000 2.4700 5.0950 .0000 TOTAL NUMBER OF LOANS: 212 TOTAL BALANCE........: 92,931,252.16 RUN ON : 12/26/02 RFC DISCLOSURE SYSTEM RFFSDARM-01 AT : 11.06.05 INITIAL SECURITY FEES AMORTIZED BALANCE SERIES : RAMP 2002-RM1 ARM ARM SUMMARY REPORT CUTOFF : 12/01/02 POOL : 0004651 : : POOL STATUS: F WEIGHTED AVERAGES FROM TO ---------------------------------------------------------------------------- CURR NOTE RATE 6.3821 4.3750 8.5000 RFC NET RATE 6.0432 4.0000 8.1250 NET MTG RATE(INVSTR RATE) 6.0110 3.9250 8.0950 POST STRIP RATE 6.0110 3.9250 8.0950 SUB SERV FEE .3389 .2500 .5000 MSTR SERV FEE .0322 .0300 .7000 ALL EXP .0000 .0000 .0000 MISC EXP .0000 .0000 .0000 SPREAD .0000 .0000 .0000 STRIP .0000 .0000 .0000 RFC NET CEILING(MX RFC NET RT) 11.4477 9.2500 16.4250 MAX NET MTG RT(MAX INV RT) 11.4156 9.2200 16.3950 MAX POST STRIP RATE 11.4156 9.2200 16.3950 INV RATE MARGIN 2.3264 1.5500 3.8450 POST STRIP MARGIN 2.3264 1.5500 3.8450 TOTAL NUMBER OF LOANS: 212 TOTAL BALANCE........: 92,931,252.16 *************************** * END OF REPORT * *************************** RUN ON : 12/26/02 RFC DISCLOSURE SYSTEM RFFSD175-01 AT : 11.06.05 NONFIXED RATE LOAN LISTING AMORTIZED BALANCE SERIES : RAMP 2002-RM1 ARM CUTOFF : 12/01/02 POOL : 0004651 : : POOL STATUS: F RFC LOAN # ORIG RATE ORIGINAL BAL MAX NEG AM MORTGAGOR NAME CURR RATE PRINCIPAL BAL LN FEATURE CURR NET ORIGINAL P+I # OF UNITS NOTE CEILING CURRENT P+I LTV CITY STATE ZIP NET CEILING NOTE DATE SERVICER LOAN # NOTE FLOOR 1ST PMT DT MI CO CODE SELLER LOAN # NET FLOOR MATURITY DT MI CVG INVSTR LOAN # GROSS MARGIN 1ST INTCHGDT NXT INTCHGDT S/S CODE NET MARGIN 1ST PMTCHGDT NXT PMTCHGDT INT CHG PRIOR DAYS 1ST YR FLR PMT CAP INCR PMT CAP DECR PMT TYPE 1ST YR CEIL INT FREQ MOS PMT FREQ MOS ORIG TERM ADJ INDEX PERIOD INCR PERIOD DECR NOTE LF INCR RND NOTE TYPE RND NOTE METH RND NOTE FCTR NET LF INCR RND NET TYPE RND NET METH RND NET FCTR NOTE LF DECR LOAN PURP CNVRT CODE FROM WINDOW NET LF DECR PROP TYPE CNVT INDEX TO WINDOW OCCP CODE CNVT MARGIN ______________________________________________________________________________ 4129786 5.1250 309,866.48 100 5.1250 298,216.70 ZZ 4.6250 2,321.32 1 14.1250 1,745.88 69 MARYSVILLE CA 95901 13.6250 08/17/99 307362088 .0000 09/01/99 00 0002002494 .0000 07/01/28 0 0 2.7500 07/01/00 07/01/03 W29/M32 2.2500 08/01/00 08/01/03 45 8.1250 .0000 .0000 A 10.1250 12 12 347 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 4331927 5.2500 84,000.00 100 5.2500 66,691.20 ZZ 4.8000 792.03 2 16.8750 514.14 53 ELIZABETH NJ 07202 16.4250 11/28/88 3116107783 .0000 01/01/89 00 140833 .0000 12/01/18 0 0 3.2500 12/01/89 12/01/03 1 S17/074 2.8000 01/01/90 01/01/04 45 8.8750 .0000 .0000 A 12.8750 12 12 360 1 2.0000 2.0000 6.0000 S U .1250 .0000 S U .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 N .0000 4332005 5.1250 36,000.00 100 5.1250 29,175.40 ZZ 4.7500 309.30 2 14.7500 215.87 43 WILDWOOD CREST NJ 08260 14.3750 09/15/89 1071000025 .0000 11/01/89 00 1600115200 .0000 10/01/19 0 0 3.0000 10/01/90 10/01/03 S17/447 2.6250 11/01/90 11/01/03 45 7.7500 .0000 .0000 A 11.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 N .0000 4332019 5.2500 125,000.00 100 5.2500 89,821.11 ZZ 4.8750 1,166.85 2 16.7500 697.26 69 STRATFORD CT 06497 16.3750 05/01/89 0108355058 .0000 06/01/89 00 2057605 .0000 05/01/19 0 0 2.7500 05/01/90 05/01/03 S17/S48 2.3750 06/01/90 06/01/03 45 8.7500 .0000 .0000 A 12.7500 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 N .0000 4332050 6.0000 80,000.00 100 6.0000 58,712.14 ZZ 5.6250 672.69 2 15.5000 474.32 58 BRIDGEPORT CT 06608 15.1250 03/27/89 1 0108366899 .0000 05/01/89 00 325687 .0000 04/01/19 0 0 3.2500 04/01/90 04/01/03 S17/S48 2.8750 05/01/90 05/01/03 45 7.5000 .0000 .0000 A 11.5000 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 N .0000 4332084 4.8750 171,000.00 100 4.8750 154,379.61 ZZ 4.5150 984.38 1 11.6250 954.44 95 MILILANI HI 96789 11.2650 11/15/94 6161530453 .0000 01/01/95 00 4457814 .0000 12/01/24 0 0 2.8750 12/01/95 12/01/03 S17/686 2.5150 01/01/96 01/01/04 45 3.6250 .0000 .0000 A 7.6250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 03 0 00/00/00 O .0000 5524028 7.2500 162,000.00 100 7.2500 159,949.96 T 7.0000 1,105.13 1 13.2500 1,105.13 90 RENO NV 89506 13.0000 09/05/01 0400463444 .0000 10/01/01 00 0400463444 .0000 09/01/31 0 0 2.7500 09/01/04 09/01/04 E82/G01 2.5000 10/01/04 10/01/04 45 5.2500 .0000 .0000 A 9.2500 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7035573 6.8750 644,600.00 100 6.8750 636,729.55 ZZ 1 6.5000 4,234.56 1 12.8750 4,234.56 74 BROOKLYN MI 49230 12.5000 09/10/01 0577946 .0000 11/01/01 00 0060183678 .0000 10/01/31 0 0 2.8750 10/01/04 10/01/04 X12/168 2.5000 11/01/04 11/01/04 45 4.8750 .0000 .0000 A 8.8750 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7035583 6.6250 408,000.00 100 6.6250 403,162.18 ZZ 6.2500 2,612.47 1 12.6250 2,612.47 65 LAFAYETTE CA 94595 12.2500 10/01/01 0583289 .0000 12/01/01 00 0060184169 .0000 11/01/31 0 0 2.8750 11/01/04 11/01/04 X12/168 2.5000 12/01/04 12/01/04 45 4.6250 .0000 .0000 A 8.6250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7035603 6.0000 554,000.00 100 6.0000 548,359.15 ZZ 5.6250 3,321.51 1 12.0000 3,321.51 64 SCOTTSDALE AZ 85259 11.6250 01/10/02 0675432 .0000 03/01/02 00 0060185092 .0000 02/01/32 0 0 2.8750 02/01/05 02/01/05 X12/168 2.5000 03/01/05 03/01/05 45 4.0000 .0000 .0000 A 8.0000 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 03 0 00/00/00 O .0000 1 7035607 6.0000 407,120.00 100 6.0000 402,548.55 ZZ 5.7500 2,440.90 1 12.0000 2,440.90 77 LARKSPUR CO 80118 11.7500 12/04/01 354503982 .0000 02/01/02 00 0060221267 .0000 01/01/32 0 0 2.7500 01/01/05 01/01/05 X12/560 2.5000 02/01/05 02/01/05 45 4.0000 .0000 .0000 A 8.0000 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7035609 6.3750 313,600.00 100 6.3750 309,359.60 ZZ 6.1250 1,956.46 1 12.3750 1,956.46 80 MARTINEZ CA 94553 12.1250 11/30/01 354504388 .0000 01/01/02 00 0060221281 .0000 12/01/31 0 0 2.7500 12/01/04 12/01/04 X12/560 2.5000 01/01/05 01/01/05 45 4.3750 .0000 .0000 A 8.3750 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7035627 5.6250 332,000.00 100 5.6250 328,002.97 T 5.3750 1,911.18 1 11.6250 1,911.18 22 SANIBEL FL 33957 11.3750 12/21/01 520768607 .0000 02/01/02 00 0061803307 .0000 01/01/32 0 0 2.7500 01/01/05 01/01/05 X12/560 2.5000 02/01/05 02/01/05 45 3.6250 .0000 .0000 A 7.6250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 1 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7035695 5.6250 348,800.00 100 5.6250 344,991.46 ZZ 5.3750 2,007.89 1 11.6250 2,007.89 80 DUBLIN OH 43017 11.3750 01/04/02 600243799 .0000 03/01/02 00 0061804097 .0000 02/01/32 0 0 2.7500 02/01/05 02/01/05 X12/560 2.5000 03/01/05 03/01/05 45 3.6250 .0000 .0000 A 7.6250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7035699 6.0000 463,250.00 100 6.0000 458,033.35 ZZ 5.7500 2,777.42 1 12.0000 2,777.42 85 BRIDGEPORT TX 76426 11.7500 01/18/02 524543303 .0000 03/01/02 10 0061804223 .0000 02/01/32 12 0 2.7500 02/01/05 02/01/05 X12/560 2.5000 03/01/05 03/01/05 45 4.0000 .0000 .0000 A 8.0000 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7088152 7.0000 54,000.00 100 7.0000 23,932.63 ZZ 6.6250 394.36 1 13.9500 276.90 75 COLUMBIA SC 29223 13.5750 01/20/98 270000060 .0000 03/01/98 00 6000437704 .0000 02/01/28 0 0 3.2500 02/01/99 02/01/03 B86/M32 2.8750 03/01/99 03/01/03 45 5.9500 .0000 .0000 A 9.9500 12 12 1 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 N .0000 7088220 8.1250 735,000.00 100 8.1250 727,666.55 ZZ 7.7500 5,457.36 1 14.1250 5,457.36 70 CHAPIN SC 29036 13.7500 09/13/01 6000471315 .0000 11/01/01 00 6000471315 .0000 10/01/31 0 0 3.2500 10/01/04 10/01/04 B86/T77 2.8750 11/01/04 11/01/04 45 6.1250 .0000 .0000 A 10.1250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7088354 7.7500 115,000.00 100 7.7500 77,026.70 ZZ 7.3750 1,183.58 4 15.2500 1,052.98 77 CHARLESTON SC 29412 14.8750 12/12/96 6000525151 .0000 02/01/97 00 6000525151 .0000 01/01/12 0 0 3.6250 01/01/98 01/01/03 B86/T77 3.2500 02/01/98 02/01/03 45 7.2500 .0000 .0000 A 11.2500 12 12 180 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7088908 5.7500 115,000.00 100 5.7500 96,927.69 ZZ 5.3750 804.10 4 12.5000 688.26 70 COLUMBIA SC 29203 12.1250 06/16/92 6000645389 .0000 08/01/92 00 6000645389 .0000 07/01/22 0 0 3.0000 07/01/93 07/01/03 1 B86/T77 2.6250 08/01/93 08/01/03 45 6.5000 .0000 .0000 A 8.5000 12 12 360 1 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 N .0000 7089048 6.5000 85,000.00 100 6.5000 82,504.20 ZZ 6.1250 565.51 1 13.0000 539.64 88 CLEVELAND SC 29635 12.6250 01/24/00 270000207 .0000 03/01/00 11 6000812526 .0000 02/01/30 25 0 2.7500 02/01/01 02/01/03 B86/M32 2.3750 03/01/01 03/01/03 45 5.0000 .0000 .0000 A 9.0000 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7089180 8.5000 248,000.00 100 8.5000 243,906.61 ZZ 8.1250 1,906.91 1 14.5000 1,906.91 80 TRAVELERS REST SC 29690 14.1250 10/03/00 270000243 .0000 12/01/00 00 6000838448 .0000 11/01/30 0 0 3.2500 11/01/03 11/01/03 B86/M32 2.8750 12/01/03 12/01/03 45 6.5000 .0000 .0000 A 10.5000 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7089272 7.7500 206,910.00 100 7.7500 203,967.97 T 7.3750 1,482.33 1 13.7500 1,482.33 90 MYRTLE BEACH SC 29572 13.3750 04/17/01 1 6000857562 .0000 06/01/01 11 6000857562 .0000 05/01/31 25 0 3.2500 05/01/04 05/01/04 B86/T77 2.8750 06/01/04 06/01/04 45 5.7500 .0000 .0000 A 9.7500 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 06 0 00/00/00 O .0000 7089294 8.0000 164,000.00 100 8.0000 161,902.83 ZZ 7.6250 1,203.38 1 14.0000 1,203.38 92 GREENVILLE SC 29605 13.6250 05/02/01 270000267 .0000 07/01/01 00 6000863172 .0000 06/01/31 0 0 3.2500 06/01/04 06/01/04 B86/M32 2.8750 07/01/04 07/01/04 45 6.0000 .0000 .0000 A 10.0000 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7098891 6.5000 575,000.00 100 6.5000 575,000.00 ZZ 6.1250 3,114.58 1 11.5000 3,114.58 100 COLUMBUS IN 47201 11.1250 01/17/02 7075652078 .0000 03/01/02 92 7075652078 .0000 02/01/32 0 0 2.0000 02/01/09 02/01/09 581/X79 1.6250 03/01/09 03/01/09 25 2.0000 .0000 .0000 A 11.5000 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7098921 6.8750 1,518,000.00 100 6.8750 1,518,000.00 ZZ 1 6.5000 8,696.88 1 11.8750 8,696.88 85 PHOENIX AZ 85018 11.5000 01/17/02 7075699723 .0000 03/01/02 92 7075699723 .0000 02/01/32 0 0 2.0000 02/01/09 02/01/09 581/X79 1.6250 03/01/09 03/01/09 25 2.0000 .0000 .0000 A 11.8750 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7098963 6.2500 476,000.00 100 6.2500 402,425.20 ZZ 5.8750 2,479.17 1 11.2500 2,095.96 80 DENVER CO 80220 10.8750 01/31/02 7075868286 .0000 03/01/02 00 7075868286 .0000 02/01/32 0 0 2.0000 02/01/09 02/01/09 581/X79 1.6250 03/01/09 03/01/09 25 2.0000 .0000 .0000 A 11.2500 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7099017 6.4200 399,000.00 100 6.4200 399,000.00 ZZ 6.0450 2,134.65 1 11.4200 2,134.65 100 KEYSTONE HEIGH FL 32656 11.0450 01/15/02 7075899216 .0000 03/01/02 92 7075899216 .0000 02/01/32 0 0 2.0000 02/01/09 02/01/09 581/X79 1.6250 03/01/09 03/01/09 25 2.0000 .0000 .0000 A 11.4200 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 N .0000 1 7099019 6.5000 85,000.00 100 6.5000 83,243.16 T 6.1250 460.42 1 11.5000 450.90 100 TALLAHASSEE FL 32304 11.1250 01/15/02 7075901913 .0000 03/01/02 92 7075901913 .0000 02/01/32 0 0 2.0000 02/01/09 02/01/09 581/X79 1.6250 03/01/09 03/01/09 25 2.0000 .0000 .0000 A 11.5000 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7099059 6.2900 391,500.00 100 6.2900 391,397.42 ZZ 5.9150 2,052.11 1 11.2900 2,051.57 90 SHELBY TOWNSHI MI 48315 10.9150 01/17/02 7075970603 .0000 03/01/02 92 7075970603 .0000 02/01/32 0 0 2.0000 02/01/09 02/01/09 581/X79 1.6250 03/01/09 03/01/09 25 2.0000 .0000 .0000 A 11.2900 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7493011 7.7500 2,730,000.00 100 7.7500 2,710,162.25 ZZ 7.3750 19,558.05 1 13.7500 19,558.05 65 BEVERLY HILLS CA 90210 13.3750 01/15/02 0010409027 3.0000 03/01/02 00 00C1120010 2.6250 02/01/32 0 0 3.0000 02/01/05 02/01/05 X68/H74 2.6250 03/01/05 03/01/05 25 3.0000 .0000 .0000 A 13.7500 6 6 360 E 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 1 4.7500 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7493023 7.5000 431,250.00 100 7.5000 426,582.69 ZZ 7.1250 3,015.36 1 13.5000 3,015.36 75 LAGUNA BEACH CA 92651 13.1250 09/11/01 10409050 7.5000 11/01/01 00 00W1080190 7.1250 10/01/31 0 0 3.0000 10/01/06 10/01/06 X68/Y15 2.6250 11/01/06 11/01/06 25 7.5000 .0000 .0000 A 13.5000 6 6 360 E 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 N .0000 7493025 7.5000 431,250.00 100 7.5000 426,582.69 ZZ 7.1250 3,015.36 1 13.5000 3,015.36 75 LAGUNA BEACH CA 92651 13.1250 09/14/01 10409068 7.5000 11/01/01 00 00W1080192 7.1250 10/01/31 0 0 3.0000 10/01/06 10/01/06 X68/Y15 2.6250 11/01/06 11/01/06 25 7.5000 .0000 .0000 A 13.5000 6 6 360 E 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 N .0000 7493029 6.8750 4,000,000.00 100 6.8750 3,957,049.99 ZZ 6.5000 26,277.15 1 12.8750 26,277.15 58 LAGUNA BEACH CA 92651 12.5000 11/07/01 0010409035 6.8750 01/01/02 00 00W1090078 6.5000 12/01/31 0 0 3.0000 12/01/06 12/01/06 X68/H74 2.6250 01/01/07 01/01/07 25 6.8750 .0000 .0000 A 12.8750 6 6 1 360 E 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7493055 6.1250 840,000.00 100 6.1250 832,500.30 ZZ 5.7500 5,103.93 1 11.1250 5,103.93 72 PARADISE VALLE AZ 85253 10.7500 02/11/02 10409183 6.1250 04/01/02 00 00W2010078 5.7500 03/01/32 0 0 4.2500 03/01/05 03/01/05 X68/Y15 3.8750 04/01/05 04/01/05 25 6.1250 .0000 .0000 A 9.1250 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 03 0 00/00/00 O .0000 7634405 5.6250 424,000.00 100 5.6250 419,843.15 ZZ 5.3750 2,440.78 1 11.6250 2,440.78 80 PLEASANTON CA 94588 11.3750 02/21/02 0028461093 .0000 04/01/02 00 0028461093 .0000 03/01/32 0 0 2.7500 03/01/05 03/01/05 J95/J95 2.5000 04/01/05 04/01/05 45 3.6250 .0000 .0000 A 7.6250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7693100 5.2500 562,250.00 100 5.2500 562,004.00 ZZ 4.8750 2,459.84 1 11.2500 2,458.77 65 DANA POINT CA 92624 10.8750 11/30/01 0010406601 5.2500 02/01/02 00 C1110023 4.8750 01/01/32 0 0 2.7500 07/01/02 01/01/03 1 X68/H74 2.3750 08/01/02 02/01/03 45 5.2500 .0000 .0000 A 6.2500 6 6 360 9 1.0000 1.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 N .0000 7693112 6.2500 180,800.00 100 6.2500 178,312.07 ZZ 5.8750 1,113.22 1 11.2500 1,113.22 80 GRANADA HILLS CA 91344 10.8750 09/10/01 0010406668 .0000 11/01/01 00 W1080135 .0000 10/01/31 0 0 4.2500 10/01/04 10/01/04 X68/H74 3.8750 11/01/04 11/01/04 45 6.2500 .0000 .0000 A 9.2500 6 6 360 R 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7693126 6.5000 1,080,000.00 100 6.5000 1,067,928.65 ZZ 6.1250 6,826.33 1 12.5000 6,826.33 60 BLOOMFIELD TOW MI 48302 12.1250 11/21/01 0010406726 6.5000 01/01/02 00 W1090064 6.1250 12/01/31 0 0 3.0000 12/01/06 12/01/06 X68/H74 2.6250 01/01/07 01/01/07 25 6.5000 .0000 .0000 A 12.5000 6 6 360 E 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7693134 7.0000 372,450.00 100 7.0000 368,265.99 ZZ 6.6250 2,477.92 1 13.0000 2,477.92 80 SAN JOSE CA 95132 12.6250 11/24/01 1 0010406767 7.0000 01/01/02 00 W1100007 6.6250 12/01/31 0 0 3.0000 12/01/06 12/01/06 X68/H74 2.6250 01/01/07 01/01/07 25 7.0000 .0000 .0000 A 13.0000 6 6 360 E 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 03 0 00/00/00 O .0000 7693140 4.8750 400,000.00 100 4.8750 392,563.01 T 4.5000 2,116.83 1 10.8750 2,112.46 60 WINTER PARK FL 32789 10.5000 10/22/01 0010406783 4.8750 12/01/01 00 W1100016 4.5000 11/01/31 0 0 2.7500 05/01/02 05/01/03 X68/H74 2.3750 06/01/02 06/01/03 25 4.8750 .0000 .0000 A 5.8750 6 6 360 E 1.0000 1.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 03 0 00/00/00 O .0000 7693148 6.7500 1,500,000.00 100 6.7500 1,482,632.36 ZZ 6.3750 9,728.97 1 12.7500 9,728.97 64 CHICAGO IL 60610 12.3750 10/19/01 0010406825 6.7500 12/01/01 00 W1100027 6.3750 11/01/31 0 0 3.0000 11/01/06 11/01/06 X68/H74 2.6250 12/01/06 12/01/06 25 6.7500 .0000 .0000 A 12.7500 6 6 360 E 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 09 0 00/00/00 O .0000 7693160 4.3750 600,000.00 100 4.3750 599,891.88 ZZ 1 4.0000 2,125.00 1 10.2500 3,045.40 71 BOCA RATON FL 33431 9.8750 11/26/01 0010406882 4.2500 01/01/02 00 W1110000 3.8750 12/01/31 0 0 2.7500 06/01/02 06/01/03 X68/H74 2.3750 07/01/02 07/01/03 25 4.2500 .0000 .0000 A 5.2500 6 6 360 E 1.0000 1.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 03 0 00/00/00 O .0000 7693178 6.6250 459,000.00 100 6.6250 459,000.00 ZZ 6.2500 2,534.06 1 12.6250 2,534.06 90 PHOENIX AZ 85045 12.2500 11/30/01 0010407070 6.6250 01/01/02 10 W1110067 6.2500 12/01/31 25 0 3.0000 12/01/06 12/01/06 X68/H74 2.6250 01/01/07 01/01/07 25 6.6250 .0000 .0000 A 12.6250 6 6 360 E 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 03 0 00/00/00 O .0000 7693184 4.8750 375,250.00 100 4.8750 370,070.26 ZZ 4.5000 1,985.85 1 10.8750 1,985.85 95 PEMBROKE PINES FL 33029 10.5000 12/03/01 0010407104 4.8750 02/01/02 10 W1110086 4.5000 01/01/32 30 0 2.7500 07/01/02 01/01/03 X68/H74 2.3750 08/01/02 02/01/03 25 4.8750 .0000 .0000 A 5.8750 6 6 360 E 1.0000 1.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 03 0 00/00/00 O .0000 1 7693190 7.0000 1,470,000.00 100 7.0000 1,456,352.15 ZZ 6.6250 9,779.95 1 13.0000 9,779.94 68 SANTA BARBARA CA 93108 12.6250 12/15/01 0010407013 7.0000 02/01/02 00 W1110094 6.6250 01/01/32 0 0 2.7500 07/01/02 01/01/03 X68/H74 2.3750 08/01/02 02/01/03 25 7.0000 .0000 .0000 A 8.0000 6 6 360 E 1.0000 1.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 N .0000 7693196 4.8750 201,650.00 100 4.8750 198,677.20 T 4.5000 992.00 1 10.2500 1,066.19 50 DESTIN FL 32550 9.8750 12/27/01 0010407047 4.2500 02/01/02 00 W1120042 3.8750 01/01/32 0 0 2.7500 07/01/02 01/01/03 X68/H74 2.3750 08/01/02 02/01/03 25 4.2500 .0000 .0000 A 5.2500 6 6 360 E 1.0000 1.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 01 0 00/00/00 O .0000 7693198 6.8750 750,000.00 100 6.8750 745,963.81 ZZ 6.5000 4,296.88 1 12.8750 4,273.75 70 VAIL CO 81657 12.5000 12/21/01 0010407054 6.8750 02/01/02 00 W1120047 6.5000 01/01/32 0 0 3.0000 01/01/05 01/01/05 X68/H74 2.6250 02/01/05 02/01/05 25 6.8750 .0000 .0000 A 12.8750 6 6 360 E 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 1 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7711755 6.6250 140,000.00 100 6.6250 107,354.27 ZZ 6.2500 896.44 1 12.6250 896.44 49 NEW YORK NY 10016 12.2500 10/03/01 7076069116 .0000 12/01/01 00 7076069116 .0000 11/01/31 0 0 2.7500 11/01/06 11/01/06 581/X79 2.3750 12/01/06 12/01/06 45 2.7500 .0000 .0000 A 12.6250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 N .0000 7714223 5.2500 248,559.00 100 5.2500 246,242.86 ZZ 4.8750 1,372.56 1 11.2500 1,372.56 60 CHICAGO IL 60618 10.8750 03/19/02 0010410678 .0000 05/01/02 00 0008296022 .0000 04/01/32 0 0 2.7500 04/01/05 04/01/05 438/G61 2.3750 05/01/05 05/01/05 45 3.2500 .0000 .0000 A 7.2500 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7714247 6.0000 1,085,000.00 100 6.0000 1,077,324.56 ZZ 5.6250 6,505.13 1 12.0000 6,505.13 73 WAXHAW NC 28173 11.6250 04/19/02 0010410793 .0000 06/01/02 00 0008337263 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 438/G61 2.3750 06/01/07 06/01/07 45 4.0000 .0000 .0000 A 8.0000 12 12 1 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 03 0 00/00/00 O .0000 7762775 4.3750 102,600.00 100 4.3750 101,483.25 ZZ 4.0000 512.27 1 10.3750 512.27 56 SUGAR LAND TX 77479 10.0000 03/22/02 0AMC608385 .0000 05/01/02 00 0AMC608385 .0000 04/01/32 0 0 2.7500 04/01/03 04/01/03 514/514 2.3750 05/01/03 05/01/03 25 3.3750 .0000 .0000 A 5.3750 6 6 360 E 1.0000 1.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7762787 5.7500 150,500.00 100 5.7500 149,384.12 ZZ 5.3750 878.28 1 11.7500 878.28 80 JAMESTOWN CA 95327 11.3750 04/04/02 0AMC746599 .0000 06/01/02 00 0AMC746599 .0000 05/01/32 0 0 2.7500 05/01/05 05/01/05 514/514 2.3750 06/01/05 06/01/05 25 4.7500 .0000 .0000 A 6.7500 6 6 360 E 1.0000 1.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777539 6.5000 433,650.00 100 6.5000 430,453.70 ZZ 6.2500 2,740.96 1 11.5000 2,740.96 80 HUNTINGTON BEA CA 92646 11.2500 03/01/02 0028299782 .0000 05/01/02 00 0028299782 .0000 04/01/32 0 0 2.7500 04/01/07 04/01/07 1 J95/J95 2.5000 05/01/07 05/01/07 45 2.7500 .0000 .0000 A 11.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 01 0 00/00/00 O .0000 7777555 7.0000 697,500.00 100 7.0000 693,002.88 ZZ 6.7500 4,640.48 1 12.0000 4,640.48 75 BURLINGAME CA 94010 11.7500 04/16/02 0028622090 .0000 06/01/02 00 0028622090 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 J95/J95 2.5000 06/01/07 06/01/07 45 2.7500 .0000 .0000 A 12.0000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777557 6.2500 612,000.00 100 6.2500 607,871.12 T 6.0000 3,768.19 1 12.2500 3,768.19 62 WARREN OR 97053 12.0000 04/02/02 0028634970 .0000 06/01/02 00 0028634970 .0000 05/01/32 0 0 2.7500 05/01/05 05/01/05 J95/J95 2.5000 06/01/05 06/01/05 45 4.2500 .0000 .0000 A 8.2500 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777569 6.1250 350,000.00 100 6.1250 347,211.40 ZZ 5.8750 2,126.64 1 11.1250 2,126.64 36 BURLINGAME CA 94010 10.8750 04/01/02 1 0028703304 .0000 06/01/02 00 0028703304 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 J95/J95 2.5000 06/01/07 06/01/07 45 2.7500 .0000 .0000 A 11.1250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777583 6.5000 355,000.00 100 6.5000 352,659.01 ZZ 6.2500 2,243.84 1 11.5000 2,243.84 65 SAN JOSE CA 95124 11.2500 04/10/02 0028732899 .0000 06/01/02 00 0028732899 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 J95/J95 2.5000 06/01/07 06/01/07 45 2.7500 .0000 .0000 A 11.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777593 6.7500 368,000.00 100 6.7500 365,744.35 ZZ 6.5000 2,386.84 1 11.7500 2,386.84 80 SAN RAMON CA 94583 11.5000 04/23/02 0028760049 .0000 06/01/02 00 0028760049 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 J95/J95 2.5000 06/01/07 06/01/07 45 2.7500 .0000 .0000 A 11.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777609 6.7500 750,000.00 100 6.7500 745,402.83 ZZ 1 6.5000 4,864.49 1 11.7500 4,864.49 75 REDWOOD CITY CA 94061 11.5000 04/26/02 0028777209 .0000 06/01/02 00 0028777209 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 J95/J95 2.5000 06/01/07 06/01/07 45 2.7500 .0000 .0000 A 11.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777617 6.6250 380,800.00 100 6.6250 363,593.53 T 6.3750 2,438.31 1 11.6250 2,438.31 55 VAIL CO 81658 11.3750 04/10/02 0028790848 .0000 06/01/02 00 0028790848 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 J95/J95 2.5000 06/01/07 06/01/07 45 2.7500 .0000 .0000 A 11.6250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 01 0 00/00/00 O .0000 7777627 6.3750 479,200.00 100 6.3750 476,032.52 ZZ 6.1250 2,989.58 1 12.3750 2,989.58 80 SAN JOSE CA 95124 12.1250 04/01/02 0028811347 .0000 06/01/02 00 0028811347 .0000 05/01/32 0 0 2.7500 05/01/05 05/01/05 J95/J95 2.5000 06/01/05 06/01/05 45 4.3750 .0000 .0000 A 8.3750 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 1 7777635 6.7500 421,600.00 100 6.7500 419,015.79 ZZ 6.5000 2,734.49 1 11.7500 2,734.49 80 REDWOOD CITY CA 94061 11.5000 04/24/02 0028819506 .0000 06/01/02 00 0028819506 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 J95/J95 2.5000 06/01/07 06/01/07 45 2.7500 .0000 .0000 A 11.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777639 6.5000 400,000.00 100 6.5000 397,427.28 ZZ 6.2500 2,528.27 1 11.5000 2,528.27 64 MOUNTAIN VIEW CA 94040 11.2500 04/12/02 0028824456 .0000 06/01/02 00 0028824456 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 J95/J95 2.5000 06/01/07 06/01/07 45 2.7500 .0000 .0000 A 11.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777641 6.1250 844,000.00 100 6.1250 831,972.49 ZZ 5.8750 5,128.23 1 12.1250 5,128.23 65 MENLO PARK CA 94025 11.8750 04/01/02 0028830750 .0000 06/01/02 00 0028830750 .0000 05/01/32 0 0 2.7500 05/01/05 05/01/05 J95/J95 2.5000 06/01/05 06/01/05 45 4.1250 .0000 .0000 A 8.1250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 1 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777647 5.1250 444,000.00 100 5.1250 439,227.61 ZZ 4.7500 2,417.52 1 11.1250 2,417.52 80 PLEASANTON CA 94566 10.7500 02/01/02 0028840346 .0000 04/01/02 00 0028840346 .0000 03/01/32 0 0 3.0000 03/01/03 03/01/03 J95/J95 2.6250 04/01/03 04/01/03 45 3.1250 .0000 .0000 A 7.1250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777651 6.3750 1,000,000.00 100 6.3750 993,412.35 T 6.1250 6,238.70 1 12.3750 6,238.70 63 CARMEL CA 93921 12.1250 04/04/02 0028843159 .0000 06/01/02 00 0028843159 .0000 05/01/32 0 0 2.7500 05/01/05 05/01/05 J95/J95 2.5000 06/01/05 06/01/05 45 4.3750 .0000 .0000 A 8.3750 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777667 6.2500 432,000.00 100 6.2500 429,085.46 ZZ 6.0000 2,659.90 1 11.2500 2,659.90 80 ANAHEIM CA 92807 11.0000 04/15/02 0028866655 .0000 06/01/02 00 0028866655 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 J95/J95 2.5000 06/01/07 06/01/07 45 2.7500 .0000 .0000 A 11.2500 12 12 1 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777671 6.3750 307,500.00 100 6.3750 305,098.57 ZZ 6.1250 1,918.40 1 12.3750 1,918.40 75 SHERWOOD OR 97140 12.1250 03/27/02 0028872679 .0000 05/01/02 00 0028872679 .0000 04/01/32 0 0 2.7500 04/01/05 04/01/05 J95/J95 2.5000 05/01/05 05/01/05 45 4.3750 .0000 .0000 A 8.3750 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777719 6.6250 464,800.00 100 6.6250 461,881.40 ZZ 6.3750 2,976.17 1 11.6250 2,976.17 80 MOUNTAIN VIEW CA 94043 11.3750 04/26/02 0028934461 .0000 06/01/02 00 0028934461 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 J95/J95 2.5000 06/01/07 06/01/07 45 2.7500 .0000 .0000 A 11.6250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 01 0 00/00/00 O .0000 7777749 6.1250 320,000.00 100 6.1250 317,789.19 ZZ 5.8750 1,944.36 1 12.1250 1,944.36 58 SCAPPOOSE OR 97056 11.8750 04/22/02 0028986404 .0000 06/01/02 00 0028986404 .0000 05/01/32 0 0 2.7500 05/01/05 05/01/05 1 J95/J95 2.5000 06/01/05 06/01/05 45 4.1250 .0000 .0000 A 8.1250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7777763 5.7500 330,450.00 100 5.7500 328,354.96 ZZ 5.5000 1,928.42 1 11.7500 1,928.42 80 PLANO TX 75024 11.5000 05/02/02 0029109352 .0000 07/01/02 00 0029109352 .0000 06/01/32 0 0 2.7500 06/01/05 06/01/05 J95/J95 2.5000 07/01/05 07/01/05 45 3.7500 .0000 .0000 A 7.7500 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7793571 6.2500 350,000.00 100 6.2500 346,948.13 ZZ 5.8750 2,155.01 1 11.2500 2,155.01 42 NEW YORK NY 10024 10.8750 02/08/02 0620098035 .0000 04/01/02 00 0620098035 .0000 03/01/32 0 0 2.7500 03/01/07 03/01/07 181/Y11 2.3750 04/01/07 04/01/07 45 4.2500 .0000 .0000 A 8.2500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 06 0 00/00/00 O .0000 7793633 6.5000 329,000.00 100 6.5000 326,255.72 T 6.1250 2,079.50 1 11.5000 2,079.50 70 FORT MYERS FL 33908 11.1250 03/15/02 1 0621597304 .0000 05/01/02 00 0621597304 .0000 04/01/32 0 0 2.7500 04/01/07 04/01/07 181/Y11 2.3750 05/01/07 05/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 01 0 00/00/00 O .0000 7793659 6.5000 374,000.00 100 6.5000 371,594.52 ZZ 6.1250 2,363.93 1 11.5000 2,363.93 74 PINCKNEY MI 48169 11.1250 04/17/02 0621828508 .0000 06/01/02 00 0621828508 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7793661 6.3750 385,000.00 100 6.3750 382,065.24 ZZ 6.0000 2,401.90 1 11.3750 2,401.90 49 CHICAGO IL 60611 11.0000 04/02/02 0621835482 .0000 06/01/02 00 0621835482 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.3750 .0000 .0000 A 8.3750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 06 0 00/00/00 O .0000 7793679 6.3750 482,300.00 100 6.3750 478,659.24 ZZ 1 6.0000 3,008.92 1 11.3750 3,008.92 49 SCOTTSDALE AZ 85262 11.0000 03/19/02 0621912885 .0000 05/01/02 00 0621912885 .0000 04/01/32 0 0 2.7500 04/01/07 04/01/07 181/Y11 2.3750 05/01/07 05/01/07 45 4.3750 .0000 .0000 A 8.3750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7793687 6.2500 450,000.00 100 6.2500 446,241.98 ZZ 5.8750 2,770.73 1 11.2500 2,770.73 50 RIVER FOREST IL 60305 10.8750 03/13/02 0621927369 .0000 05/01/02 00 0621927369 .0000 04/01/32 0 0 2.7500 04/01/07 04/01/07 181/Y11 2.3750 05/01/07 05/01/07 45 4.2500 .0000 .0000 A 8.2500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7793691 6.5000 450,000.00 100 6.5000 446,879.84 ZZ 6.1250 2,844.31 1 11.5000 2,844.31 65 SAINT PETERSBU FL 33715 11.1250 04/16/02 0621973253 .0000 06/01/02 00 0621973253 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 06 0 00/00/00 O .0000 1 7793717 6.7500 860,400.00 100 6.7500 854,919.30 T 6.3750 5,580.54 1 11.7500 5,580.54 72 PETOSKEY MI 49770 11.3750 04/24/02 0622063664 .0000 06/01/02 00 0622063664 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.7500 .0000 .0000 A 8.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 01 0 00/00/00 O .0000 7793813 6.5000 550,000.00 100 6.5000 546,462.51 ZZ 6.1250 3,476.37 1 11.5000 3,476.37 76 TOLUCA LAKE CA 91602 11.1250 04/18/02 0622346803 .0000 06/01/02 00 0622346803 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7793839 6.2500 483,750.00 100 6.2500 480,486.36 ZZ 5.8750 2,978.53 1 11.2500 2,978.53 75 CHICAGO IL 60610 10.8750 04/12/02 0622408706 .0000 06/01/02 00 0622408706 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.2500 .0000 .0000 A 8.2500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 1 .0000 1 00 00/00/00 .0000 08 0 00/00/00 O .0000 7793851 6.5000 675,000.00 100 6.5000 670,441.68 ZZ 6.1250 4,266.46 1 11.5000 4,266.46 68 CHICAGO IL 60657 11.1250 04/04/02 0622433616 .0000 06/01/02 00 0622433616 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 01 0 00/00/00 O .0000 7793853 6.6250 510,000.00 100 6.6250 506,797.59 ZZ 6.2500 3,265.59 1 11.6250 3,265.59 79 HERMOSA BEACH CA 90254 11.2500 04/10/02 0622440341 .0000 06/01/02 00 0622440341 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.6250 .0000 .0000 A 8.6250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7793879 6.8750 380,000.00 100 6.8750 377,394.20 ZZ 6.5000 2,496.33 1 11.8750 2,496.33 80 PLACENTIA CA 92870 11.5000 03/26/02 0622522943 .0000 05/01/02 00 0622522943 .0000 04/01/32 0 0 2.7500 04/01/07 04/01/07 181/Y11 2.3750 05/01/07 05/01/07 45 4.8750 .0000 .0000 A 8.8750 12 12 1 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7793921 6.6250 476,000.00 100 6.6250 472,692.29 ZZ 6.2500 3,047.88 1 11.6250 3,047.88 80 LOS GATOS CA 95032 11.2500 04/08/02 0622616376 .0000 06/01/02 00 0622616376 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.6250 .0000 .0000 A 8.6250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7793923 6.8750 351,900.00 100 6.8750 343,129.61 ZZ 6.5000 2,311.73 1 11.8750 2,311.73 80 CHICAGO IL 60611 11.5000 03/28/02 0622622410 .0000 05/01/02 00 0622622410 .0000 04/01/32 0 0 2.7500 04/01/07 04/01/07 181/Y11 2.3750 05/01/07 05/01/07 45 4.8750 .0000 .0000 A 8.8750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 01 0 00/00/00 O .0000 7793929 6.7500 316,000.00 100 6.7500 314,060.45 ZZ 6.3750 2,049.57 1 11.7500 2,049.57 80 WASHINGTON DC 20005 11.3750 04/08/02 0622648330 .0000 06/01/02 00 0622648330 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 1 181/Y11 2.3750 06/01/07 06/01/07 45 4.7500 .0000 .0000 A 8.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 06 0 00/00/00 O .0000 7793931 6.3750 547,600.00 100 6.3750 543,992.62 ZZ 6.0000 3,416.31 1 11.3750 3,416.31 80 NEWBURY PARK CA 91320 11.0000 04/22/02 0622655227 .0000 06/01/02 00 0622655227 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.3750 .0000 .0000 A 8.3750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7793935 6.5000 440,000.00 100 6.5000 437,169.96 ZZ 6.1250 2,781.10 1 11.5000 2,781.10 66 CHICAGO IL 60614 11.1250 04/19/02 0622676938 .0000 06/01/02 00 0622676938 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 2.7500 .0000 .0000 A 11.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7793951 6.7500 348,000.00 100 6.7500 345,866.93 ZZ 6.3750 2,257.12 1 11.7500 2,257.12 45 GAITHERSBURG MD 20878 11.3750 04/22/02 1 0622733470 .0000 06/01/02 00 0622733470 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.7500 .0000 .0000 A 8.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7793955 6.5000 577,400.00 100 6.5000 573,686.25 ZZ 6.1250 3,649.56 1 11.5000 3,649.56 80 SAN CLEMENTE CA 92673 11.1250 04/25/02 0622734585 .0000 06/01/02 00 0622734585 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 03 0 00/00/00 O .0000 7793979 6.6250 333,600.00 100 6.6250 331,429.42 ZZ 6.2500 2,136.08 1 11.6250 2,136.08 80 CHICAGO IL 60613 11.2500 04/26/02 0622764811 .0000 06/01/02 00 0622764811 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.6250 .0000 .0000 A 8.6250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 01 0 00/00/00 O .0000 7793981 6.7500 540,000.00 100 6.7500 533,279.30 ZZ 1 6.3750 3,502.43 1 11.7500 3,502.43 80 LAGUNA BEACH CA 92651 11.3750 04/16/02 0622766094 .0000 06/01/02 00 0622766094 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.7500 .0000 .0000 A 8.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7794007 6.5000 524,000.00 100 6.5000 521,118.99 ZZ 6.1250 3,312.04 1 11.5000 3,312.04 80 LONG BEACH CA 90803 11.1250 05/01/02 0622810997 .0000 07/01/02 00 0622810997 .0000 06/01/32 0 0 2.7500 06/01/07 06/01/07 181/Y11 2.3750 07/01/07 07/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7794027 6.3750 616,000.00 100 6.3750 612,530.97 ZZ 6.0000 3,843.04 1 11.3750 3,843.04 80 DANVILLE CA 94526 11.0000 05/09/02 0622880630 .0000 07/01/02 00 0622880630 .0000 06/01/32 0 0 2.7500 06/01/07 06/01/07 181/Y11 2.3750 07/01/07 07/01/07 45 4.3750 .0000 .0000 A 8.3750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 03 0 00/00/00 O .0000 1 7794049 6.5000 505,000.00 100 6.5000 501,751.94 ZZ 6.1250 3,191.94 1 11.5000 3,191.94 79 NEWPORT COAST CA 92657 11.1250 04/26/02 0622933416 .0000 06/01/02 00 0622933416 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7794143 6.5000 504,000.00 100 6.5000 501,229.00 ZZ 6.1250 3,185.62 1 11.5000 3,185.62 80 ESCONDIDO CA 92029 11.1250 05/02/02 0623216977 .0000 07/01/02 00 0623216977 .0000 06/01/32 0 0 2.7500 06/01/07 06/01/07 181/Y11 2.3750 07/01/07 07/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7794145 6.5000 424,000.00 100 6.5000 421,668.80 ZZ 6.1250 2,679.97 1 11.5000 2,679.97 70 CHICAGO IL 60613 11.1250 05/15/02 0623219435 .0000 07/01/02 00 0623219435 .0000 06/01/32 0 0 2.7500 06/01/07 06/01/07 181/Y11 2.3750 07/01/07 07/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 1 .0000 1 00 00/00/00 .0000 01 0 00/00/00 O .0000 7794159 6.5000 550,000.00 100 6.5000 546,976.09 ZZ 6.1250 3,476.37 1 11.5000 3,476.37 80 HUNTINGTON BEA CA 92648 11.1250 05/16/02 0623273476 .0000 07/01/02 00 0623273476 .0000 06/01/32 0 0 2.7500 06/01/07 06/01/07 181/Y11 2.3750 07/01/07 07/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7794177 6.5000 371,250.00 100 6.5000 368,862.19 ZZ 6.1250 2,346.55 1 11.5000 2,346.55 75 SUNNYVALE CA 94085 11.1250 04/22/02 0623320747 .0000 06/01/02 00 0623320747 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7794203 6.3750 720,000.00 100 6.3750 715,945.34 ZZ 6.0000 4,491.86 1 11.3750 4,491.86 70 CUPERTINO CA 95014 11.0000 05/02/02 0623528601 .0000 07/01/02 00 0623528601 .0000 06/01/32 0 0 2.7500 06/01/07 06/01/07 181/Y11 2.3750 07/01/07 07/01/07 45 4.3750 .0000 .0000 A 8.3750 12 12 1 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7794253 6.5000 624,400.00 100 6.5000 620,383.93 ZZ 6.1250 3,946.63 1 11.5000 3,946.63 80 SAN MARINO CA 91108 11.1250 04/18/02 0623385972 .0000 06/01/02 00 0623385972 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 181/Y11 2.3750 06/01/07 06/01/07 45 4.5000 .0000 .0000 A 8.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864699 6.0000 241,150.00 100 6.0000 237,933.72 ZZ 5.7500 1,445.82 1 11.0000 1,445.82 90 TEMECULA CA 92592 10.7500 10/15/01 9910062 .0000 12/01/01 10 0005392647 .0000 11/01/31 25 0 2.2500 11/01/06 11/01/06 J37/286 2.0000 12/01/06 12/01/06 45 2.2500 .0000 .0000 A 11.0000 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864781 6.7500 336,000.00 100 6.7500 332,726.79 ZZ 6.5000 2,179.29 1 11.7500 2,179.29 80 DALY CITY CA 94014 11.5000 12/04/01 711413 .0000 02/01/02 00 0080001056 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 1 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.7500 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864787 5.7500 400,000.00 100 5.7500 395,294.50 ZZ 5.5000 2,334.29 1 10.7500 2,334.29 69 TRACY CA 95304 10.5000 12/17/01 712360 .0000 02/01/02 00 0080001063 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 10.7500 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864789 6.0000 315,000.00 100 6.0000 311,463.07 ZZ 5.7500 1,888.58 1 11.0000 1,888.58 70 LIVERMORE CA 94550 10.7500 12/11/01 712480 .0000 02/01/02 00 0080001064 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.0000 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864811 6.8750 420,000.00 100 6.8750 416,005.54 ZZ 6.6250 2,759.10 1 11.8750 2,759.10 80 LIVERMORE CA 94550 11.6250 12/21/01 1 715072 .0000 02/01/02 00 0080001082 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.8750 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864819 7.3750 332,000.00 100 7.3750 329,134.16 ZZ 7.1250 2,293.04 1 12.3750 2,293.04 79 SAN JOSE CA 95112 12.1250 12/04/01 716901 .0000 02/01/02 00 0080001094 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.3750 .0000 .0000 A 12.3750 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864829 6.6250 332,000.00 100 6.6250 328,687.53 ZZ 6.3750 2,125.83 1 11.6250 2,125.83 80 SAN JOSE CA 95132 11.3750 12/12/01 720344 .0000 02/01/02 00 0080001105 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.6250 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864833 6.8750 328,000.00 100 6.8750 324,880.47 ZZ 1 6.6250 2,154.73 1 11.8750 2,154.73 80 CONCORD CA 94518 11.6250 12/21/01 720917 .0000 02/01/02 00 0080001107 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.8750 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864837 6.6250 402,000.00 100 6.6250 391,246.16 ZZ 6.3750 2,574.05 1 11.6250 2,574.05 76 FREMONT CA 94539 11.3750 12/13/01 722007 .0000 02/01/02 00 0080001111 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.6250 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864841 6.3750 472,000.00 100 6.3750 467,059.64 ZZ 6.1250 2,944.67 1 11.3750 2,944.67 80 PLEASANTON CA 94566 11.1250 12/11/01 723447 .0000 02/01/02 00 0080001114 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.3750 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 1 7864843 6.6250 332,400.00 100 6.6250 329,002.82 ZZ 6.3750 2,128.39 1 11.6250 2,128.39 80 SAN JOSE CA 95123 11.3750 12/16/01 723449 .0000 02/01/02 00 0080001115 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.6250 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864849 6.2500 404,000.00 100 6.2500 399,671.80 ZZ 6.0000 2,487.50 1 11.2500 2,487.50 80 DUBLIN CA 94568 11.0000 12/18/01 724858 .0000 02/01/02 00 0080001118 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.2500 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864855 6.2500 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12/10/01 9892908 .0000 02/01/02 00 0080001176 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.7500 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864907 6.1250 581,000.00 100 6.1250 567,043.57 ZZ 5.8750 3,530.22 1 11.1250 3,530.22 72 LIVERMORE CA 94550 10.8750 12/03/01 9916508 .0000 02/01/02 00 0080001195 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 1 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.1250 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864917 6.5000 374,000.00 100 6.5000 370,178.56 ZZ 6.2500 2,363.93 1 11.5000 2,363.93 72 SAN JOSE CA 95127 11.2500 12/20/01 9918933 .0000 02/01/02 00 0080001207 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.5000 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864925 6.1250 350,000.00 100 6.1250 346,161.04 ZZ 5.8750 2,126.64 1 11.1250 2,126.64 49 PALO ALTO CA 94306 10.8750 12/11/01 9920554 .0000 02/01/02 00 0080001219 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.1250 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864927 6.7500 480,000.00 100 6.7500 474,611.01 ZZ 6.5000 3,113.27 1 11.7500 3,113.27 68 CONCORD CA 94521 11.5000 12/26/01 1 9922146 .0000 02/01/02 00 0080001226 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.7500 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7864933 6.2500 180,000.00 100 6.2500 176,779.09 ZZ 6.0000 1,108.29 1 11.2500 1,108.29 75 CHULA VISTA CA 91911 11.0000 12/06/01 9923225 .0000 02/01/02 00 0080001233 .0000 01/01/32 0 0 2.2500 01/01/07 01/01/07 J37/286 2.0000 02/01/07 02/01/07 45 2.2500 .0000 .0000 A 11.2500 12 12 360 L12 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7872303 5.7500 610,000.00 100 5.7500 607,434.11 ZZ 5.5000 3,559.80 1 11.7500 3,559.80 56 BEAVER PA 15009 11.5000 07/03/02 0029288081 .0000 09/01/02 00 0029288081 .0000 08/01/32 0 0 2.7500 08/01/05 08/01/05 J95/J95 2.5000 09/01/05 09/01/05 45 3.7500 .0000 .0000 A 7.7500 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919619 7.2500 373,500.00 100 7.2500 369,256.71 ZZ 1 6.8750 2,547.93 1 12.2500 2,547.93 90 LARGO FL 33774 11.8750 03/21/01 260000000 .0000 11/01/01 04 3010884470 .0000 10/01/31 25 0 2.8750 04/01/06 04/01/06 005/E72 2.5000 05/01/06 05/01/06 45 2.8750 .0000 .0000 A 12.2500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 4 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919637 7.1250 408,000.00 100 7.1250 405,210.72 ZZ 6.7500 2,748.78 1 13.1250 2,748.78 80 SMYRNA TN 37167 12.7500 03/16/01 260000009 .0000 05/01/02 00 3011185877 .0000 04/01/32 0 0 2.8750 04/01/04 04/01/04 005/E72 2.5000 05/01/04 05/01/04 45 5.1250 .0000 .0000 A 9.1250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 4 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919643 7.0000 348,750.00 100 7.0000 343,023.55 ZZ 6.6250 2,320.25 1 12.0000 2,320.25 75 BIRMINGHAM AL 35242 11.6250 04/23/01 260000012 .0000 06/01/01 00 3011204199 .0000 05/01/31 0 0 2.8750 05/01/08 05/01/08 005/E72 2.5000 06/01/08 06/01/08 45 2.8750 .0000 .0000 A 12.0000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 1 7919665 7.7500 63,000.00 100 7.7500 54,408.74 ZZ 7.3750 451.34 1 12.7500 451.34 59 NASHVILLE TN 37218 12.3750 05/09/01 260000021 .0000 07/01/01 00 3011241274 .0000 06/01/31 0 0 2.8750 06/01/08 06/01/08 005/E72 2.5000 07/01/08 07/01/08 45 2.8750 .0000 .0000 A 12.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919697 6.8750 155,000.00 100 6.8750 152,427.08 ZZ 6.5000 1,018.24 1 11.8750 1,018.24 74 BLOUNTVILLE TN 37617 11.5000 05/30/01 260000034 .0000 07/01/01 00 3011267527 .0000 06/01/31 0 0 2.8750 06/01/08 06/01/08 005/E72 2.5000 07/01/08 07/01/08 45 2.8750 .0000 .0000 A 11.8750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919717 7.0000 275,000.00 100 7.0000 273,159.36 ZZ 6.6250 1,829.59 1 12.0000 1,829.59 80 WOODBURY TN 37190 11.6250 06/29/01 260000043 .0000 05/01/02 00 3011282054 .0000 04/01/32 0 0 2.7500 07/01/08 07/01/08 005/E72 2.3750 08/01/08 08/01/08 45 2.7500 .0000 .0000 A 12.0000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 1 .0000 4 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919723 6.8750 85,600.00 100 6.8750 84,319.60 T 6.5000 562.34 1 11.8750 562.34 80 ORANGE BEACH AL 36561 11.5000 06/26/01 260000046 .0000 08/01/01 00 3011289786 .0000 07/01/31 0 0 2.8750 07/01/06 07/01/06 005/E72 2.5000 08/01/06 08/01/06 45 2.8750 .0000 .0000 A 11.8750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 01 0 00/00/00 O .0000 7919769 7.1250 100,000.00 100 7.1250 99,262.95 ZZ 6.7500 673.72 1 12.1250 673.72 78 MOBILE AL 36605 11.7500 08/30/01 260000067 .0000 04/01/02 04 3011331760 .0000 03/01/32 12 0 2.8750 09/01/06 09/01/06 005/E72 2.5000 10/01/06 10/01/06 45 2.8750 .0000 .0000 A 12.1250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 4 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919809 6.5000 397,500.00 100 6.5000 391,526.67 ZZ 6.1250 2,512.48 1 11.5000 2,512.48 75 ORANGE PARK FL 32073 11.1250 10/29/01 260000086 .0000 01/01/02 00 3011374125 .0000 12/01/31 0 0 2.8750 12/01/08 12/01/08 005/E72 2.5000 01/01/09 01/01/09 45 2.8750 .0000 .0000 A 11.5000 12 12 1 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919821 7.0000 150,000.00 100 7.0000 148,476.21 ZZ 6.6250 997.96 1 12.0000 997.96 63 SEMINOLE FL 33772 11.6250 11/19/01 260000092 .0000 01/01/02 00 3011380601 .0000 12/01/31 0 0 2.8750 12/01/08 12/01/08 005/E72 2.5000 01/01/09 01/01/09 45 2.8750 .0000 .0000 A 12.0000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919831 6.5000 141,000.00 100 6.5000 139,344.02 ZZ 6.1250 891.22 1 11.5000 891.22 94 FRANKLIN TN 37064 11.1250 11/29/01 260000097 .0000 01/01/02 12 3011384611 .0000 12/01/31 30 0 2.7500 12/01/08 12/01/08 005/E72 2.3750 01/01/09 01/01/09 45 2.7500 .0000 .0000 A 11.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919851 6.5000 161,200.00 100 6.5000 159,197.57 ZZ 6.1250 1,018.90 1 11.5000 1,018.90 80 BIRMINGHAM AL 35216 11.1250 11/29/01 260000107 .0000 01/01/02 00 3011395856 .0000 12/01/31 0 0 2.7500 12/01/08 12/01/08 1 005/E72 2.3750 01/01/09 01/01/09 45 2.7500 .0000 .0000 A 11.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919857 6.6250 54,400.00 100 6.6250 53,889.63 ZZ 6.2500 348.33 1 11.6250 348.33 80 AUBURNDALE FL 33823 11.2500 01/02/02 260000110 .0000 03/01/02 00 3011398132 .0000 02/01/32 0 0 2.7500 02/01/07 02/01/07 005/E72 2.3750 03/01/07 03/01/07 45 4.6250 .0000 .0000 A 8.6250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 03 0 00/00/00 N .0000 7919879 6.2500 140,000.00 100 6.2500 138,500.07 ZZ 5.8750 862.01 1 11.2500 862.01 77 NORTHPORT AL 35475 10.8750 12/13/01 260000119 .0000 02/01/02 00 3011407388 .0000 01/01/32 0 0 2.7500 01/01/09 01/01/09 005/E72 2.3750 02/01/09 02/01/09 45 2.7500 .0000 .0000 A 11.2500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919897 6.7500 290,800.00 100 6.7500 287,967.04 ZZ 6.3750 1,886.13 1 11.7500 1,886.13 58 PALM HARBOR FL 34685 11.3750 12/20/01 1 260000127 .0000 02/01/02 00 3011410291 .0000 01/01/32 0 0 2.8750 01/01/09 01/01/09 005/E72 2.5000 02/01/09 02/01/09 45 2.8750 .0000 .0000 A 11.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919913 6.7500 51,750.00 100 6.7500 49,144.72 ZZ 6.3750 335.65 1 11.7500 335.65 75 ORLANDO FL 32811 11.3750 12/06/01 260000134 .0000 02/01/02 00 3011416249 .0000 01/01/32 0 0 2.8750 01/01/07 01/01/07 005/E72 2.5000 02/01/07 02/01/07 45 4.7500 .0000 .0000 A 8.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 01 01/01/07 .0000 01 E 01/01/09 N 6.2500 7919937 6.8750 135,920.00 100 6.8750 134,627.28 ZZ 6.5000 892.90 1 11.8750 892.90 80 MAITLAND FL 32751 11.5000 12/18/01 260000146 .0000 02/01/02 00 3011424607 .0000 01/01/32 0 0 2.8750 01/01/09 01/01/09 005/E72 2.5000 02/01/09 02/01/09 45 2.8750 .0000 .0000 A 11.8750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919959 6.3750 189,700.00 100 6.3750 187,900.31 T 1 6.0000 1,183.49 1 11.3750 1,183.49 73 BILOXI MS 39532 11.0000 01/15/02 260000156 .0000 03/01/02 00 3011429580 .0000 02/01/32 0 0 2.7500 02/01/09 02/01/09 005/E72 2.3750 03/01/09 03/01/09 45 2.7500 .0000 .0000 A 11.3750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7919965 6.2500 120,000.00 100 6.2500 118,714.29 ZZ 5.8750 738.87 1 11.2500 738.87 80 SHREVEPORT LA 71106 10.8750 12/26/01 260000159 .0000 02/01/02 00 3011429952 .0000 01/01/32 0 0 2.7500 01/01/09 01/01/09 005/E72 2.3750 02/01/09 02/01/09 45 2.7500 .0000 .0000 A 11.2500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7920039 6.7500 153,000.00 100 6.7500 151,787.37 ZZ 6.3750 992.36 1 11.7500 992.36 90 JACKSONVILLE B FL 32250 11.3750 02/25/02 260000191 .0000 04/01/02 10 3011448739 .0000 03/01/32 25 0 2.7500 03/01/09 03/01/09 005/E72 2.3750 04/01/09 04/01/09 45 2.7500 .0000 .0000 A 11.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 1 7920055 7.0000 212,000.00 100 7.0000 210,661.59 ZZ 6.6250 1,410.45 1 12.0000 1,410.45 80 HENDERSONVILLE TN 37075 11.6250 04/10/02 260000197 .0000 06/01/02 00 3011452426 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 005/E72 2.3750 06/01/07 06/01/07 45 5.0000 .0000 .0000 A 9.0000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7920079 6.8750 116,800.00 100 6.8750 116,101.14 ZZ 6.5000 767.30 1 11.8750 767.30 80 JACKSONVILLE FL 32217 11.5000 04/12/02 260000207 .0000 06/01/02 00 3011459868 .0000 05/01/32 0 0 2.7500 05/01/07 05/01/07 005/E72 2.3750 06/01/07 06/01/07 45 4.8750 .0000 .0000 A 8.8750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7920091 6.5000 61,400.00 100 6.5000 59,357.37 ZZ 6.1250 388.09 1 11.5000 388.09 69 MOBILE AL 36695 11.1250 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04/01/09 O 6.2500 7920221 5.8750 181,196.00 100 5.8750 180,073.88 T 5.5000 1,071.85 1 11.8750 1,071.85 80 MOUNTAIN BROOK AL 35223 11.5000 05/15/02 3011493495 .0000 07/01/02 00 3011493495 .0000 06/01/32 0 0 2.7500 06/01/05 06/01/05 005/005 2.3750 07/01/05 07/01/05 45 3.8750 .0000 .0000 A 7.8750 12 12 1 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7920265 5.7500 180,000.00 100 5.7500 177,822.22 ZZ 5.3750 1,050.44 1 11.7500 1,050.44 79 SPANISH FORT AL 36527 11.3750 05/28/02 3011505082 .0000 08/01/02 00 3011505082 .0000 07/01/32 0 0 2.7500 07/01/05 07/01/05 005/005 2.3750 08/01/05 08/01/05 45 3.7500 .0000 .0000 A 7.7500 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7920279 7.0000 121,500.00 100 7.0000 120,893.62 ZZ 6.6250 808.35 1 12.0000 808.35 90 APOPKA FL 32703 11.6250 05/31/02 260000275 .0000 07/01/02 19 3011509548 .0000 06/01/32 25 0 2.8750 06/01/07 06/01/07 005/E72 2.5000 07/01/07 07/01/07 45 2.8750 .0000 .0000 A 12.0000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7920285 5.6250 184,000.00 100 5.6250 182,805.83 T 5.2500 1,059.21 1 11.6250 1,059.21 80 MARYVILLE TN 37804 11.2500 05/30/02 260000278 .0000 07/01/02 00 3011516568 .0000 06/01/32 0 0 2.7500 06/01/03 06/01/03 1 005/E72 2.3750 07/01/03 07/01/03 45 3.6250 .0000 .0000 A 7.6250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 7920305 6.7500 348,750.00 100 6.7500 341,916.60 ZZ 6.3750 2,261.99 1 11.7500 2,261.99 75 SARASOTA FL 34236 11.3750 07/03/01 260000288 .0000 09/01/01 00 3013024868 .0000 08/01/31 0 0 2.8750 08/01/06 08/01/06 005/E72 2.5000 09/01/06 09/01/06 45 2.8750 .0000 .0000 A 11.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7920307 7.0000 138,400.00 100 7.0000 136,378.73 ZZ 6.6250 920.78 1 12.0000 920.78 80 MOBILE AL 36695 11.6250 06/13/01 260000289 .0000 08/01/01 00 3013025360 .0000 07/01/31 0 0 2.7500 07/01/08 07/01/08 005/E72 2.3750 08/01/08 08/01/08 45 2.7500 .0000 .0000 A 12.0000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 7950722 5.5000 348,750.00 100 5.5000 343,648.68 ZZ 5.2500 1,980.17 1 11.5000 1,980.17 93 LIVERMORE CA 94550 11.2500 10/23/01 1 519567606 .0000 12/01/01 04 519567606 .0000 11/01/31 30 0 2.7500 11/01/04 11/01/04 560/787 2.5000 12/01/04 12/01/04 45 3.5000 .0000 .0000 A 7.5000 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 03 0 00/00/00 O .0000 7950782 6.3750 390,000.00 100 6.3750 390,000.00 ZZ 6.1250 2,071.88 1 11.3750 2,071.88 80 CONCORD MA 01742 11.1250 11/19/01 521974907 .0000 01/01/02 00 521974907 .0000 12/01/31 0 0 2.7500 12/01/11 12/01/11 560/787 2.5000 01/01/12 01/01/12 45 2.7500 .0000 .0000 A 11.3750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7950794 6.6250 470,075.00 100 6.6250 402,889.74 T 6.3750 2,595.21 1 11.6250 2,240.41 64 TABERNASH CO 80446 11.3750 11/26/01 522080506 .0000 01/01/02 00 522080506 .0000 12/01/31 0 0 2.7500 12/01/11 12/01/11 560/787 2.5000 01/01/12 01/01/12 45 2.7500 .0000 .0000 A 11.6250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7950806 6.6250 392,000.00 100 6.6250 392,000.00 ZZ 1 6.3750 2,164.17 1 11.6250 2,164.17 80 WEST BLOOMFIEL MI 48324 11.3750 01/03/02 522364504 .0000 02/01/02 00 522364504 .0000 01/01/32 0 0 2.7500 01/01/12 01/01/12 560/787 2.5000 02/01/12 02/01/12 45 2.7500 .0000 .0000 A 11.6250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7950830 6.2500 335,000.00 100 6.2500 331,745.78 ZZ 6.0000 2,062.66 1 12.2500 2,062.66 68 ALLENDALE NJ 07401 12.0000 01/15/02 524066404 .0000 03/01/02 00 524066404 .0000 02/01/32 0 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449,600.00 ZZ 6.3750 2,482.17 1 11.6250 2,482.17 80 ESCONDIDO CA 92029 11.3750 11/12/01 600213839 .0000 01/01/02 00 600213839 .0000 12/01/31 0 0 2.7500 12/01/11 12/01/11 560/787 2.5000 01/01/12 01/01/12 45 2.7500 .0000 .0000 A 11.6250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7950920 6.6250 360,000.00 100 6.6250 360,000.00 ZZ 6.3750 1,987.50 1 11.6250 1,987.50 80 ATLANTA GA 30308 11.3750 10/12/01 600215946 .0000 12/01/01 00 600215946 .0000 11/01/31 0 0 2.7500 11/01/11 11/01/11 560/787 2.5000 12/01/11 12/01/11 45 2.7500 .0000 .0000 A 11.6250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 1 .0000 1 00 00/00/00 .0000 08 0 00/00/00 O .0000 7950928 6.8750 317,000.00 100 6.8750 316,999.00 ZZ 6.6250 1,816.14 1 11.8750 1,816.14 75 FT MYERS FL 33908 11.6250 11/07/01 600218556 .0000 01/01/02 00 600218556 .0000 12/01/31 0 0 2.7500 12/01/12 12/01/12 560/787 2.5000 01/01/13 01/01/13 45 2.7500 .0000 .0000 A 11.8750 12 12 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02/01/02 00 600235396 .0000 01/01/32 0 0 2.7500 01/01/12 01/01/12 560/787 2.5000 02/01/12 02/01/12 45 2.7500 .0000 .0000 A 11.6250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7951100 6.0000 650,000.00 100 6.0000 642,017.32 ZZ 5.7500 3,897.08 1 11.0000 3,897.08 67 SAN JUAN CAPIS CA 92675 10.7500 11/16/01 652785227 .0000 01/01/02 00 652785227 .0000 12/01/31 0 0 2.7500 12/01/06 12/01/06 560/787 2.5000 01/01/07 01/01/07 45 2.7500 .0000 .0000 A 11.0000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 7958215 6.1250 336,000.00 100 6.1250 331,969.24 ZZ 5.7500 2,041.57 1 11.1250 2,041.57 80 GOLETA CA 93117 10.7500 11/28/01 8880095354 .0000 01/01/02 00 8880095354 .0000 12/01/31 0 0 2.7500 12/01/06 12/01/06 1 X76/X76 2.3750 01/01/07 01/01/07 45 4.1250 .0000 .0000 A 8.1250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 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FILLMORE CA 93015 10.7500 06/21/02 8880102911 .0000 08/01/02 00 8880102911 .0000 07/01/32 0 0 2.7500 07/01/07 07/01/07 X76/X76 2.3750 08/01/07 08/01/07 45 4.1250 .0000 .0000 A 8.1250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 8010745 6.3750 585,000.00 100 6.3750 574,793.96 ZZ 6.0000 3,649.64 1 11.3750 3,649.64 42 SANTA BARBARA CA 93103 11.0000 05/29/01 8880088177 .0000 07/01/01 00 8880088177 .0000 06/01/31 0 0 2.7500 06/01/06 06/01/06 X76/X76 2.3750 07/01/06 07/01/06 45 4.3750 .0000 .0000 A 8.3750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 8010747 5.7500 427,500.00 100 5.7500 423,405.15 ZZ 5.3750 2,494.77 1 10.7500 2,494.77 75 GOLETA CA 93117 10.3750 02/13/02 8880099307 .0000 04/01/02 00 8880099307 .0000 03/01/32 0 0 2.6250 03/01/05 03/01/05 X76/X76 2.2500 04/01/05 04/01/05 45 3.7500 .0000 .0000 A 7.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 03 0 00/00/00 O .0000 1 8010749 6.1250 395,000.00 100 6.1250 391,473.41 ZZ 5.7500 2,400.06 1 11.1250 2,400.06 79 SANTA BARBARA CA 93110 10.7500 02/26/02 8880100261 .0000 04/01/02 00 8880100261 .0000 03/01/32 0 0 2.7500 03/01/07 03/01/07 X76/X76 2.3750 04/01/07 04/01/07 45 4.1250 .0000 .0000 A 8.1250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 01 0 00/00/00 O .0000 8142239 5.1250 354,500.00 100 5.1250 354,500.00 ZZ 4.7500 1,514.01 1 10.1250 1,514.01 60 NEW PROVIDENCE NJ 07974 9.7500 08/28/02 0019833755 .0000 10/01/02 00 0019833755 .0000 09/01/32 0 0 2.0000 09/01/07 09/01/07 581/X79 1.6250 10/01/07 10/01/07 25 2.0000 .0000 .0000 A 10.1250 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142251 5.1250 323,200.00 100 5.1250 322,056.76 ZZ 4.7500 1,759.79 1 10.1250 1,759.79 80 PLEASANT HILL CA 94523 9.7500 08/22/02 0019925981 .0000 10/01/02 00 0019925981 .0000 09/01/32 0 0 2.7500 09/01/07 09/01/07 581/X79 2.3750 10/01/07 10/01/07 45 2.7500 .0000 .0000 A 10.1250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 1 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142265 6.1250 1,143,700.00 100 6.1250 1,143,700.00 ZZ 5.7500 5,837.64 1 11.1250 5,837.64 75 CLAYTON CA 94517 10.7500 08/27/02 0020036869 .0000 11/01/02 00 0020036869 .0000 10/01/32 0 0 2.0000 10/01/07 10/01/07 581/X79 1.6250 11/01/07 11/01/07 25 2.0000 .0000 .0000 A 11.1250 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142275 7.3750 1,400,000.00 100 7.3750 1,400,000.00 ZZ 7.0000 8,604.17 1 13.3750 8,604.17 49 LYME CT 06371 13.0000 06/25/01 7073827755 .0000 08/01/01 00 7073827755 .0000 07/01/31 0 0 2.0000 07/01/06 07/01/06 581/X79 1.6250 08/01/06 08/01/06 45 2.0000 .0000 .0000 A 13.3750 6 6 360 9 1.0000 1.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142277 6.6250 390,000.00 100 6.6250 389,784.71 ZZ 6.2500 2,153.12 1 13.0000 2,151.94 62 LITITZ PA 17543 12.6250 06/11/01 7074842571 .0000 07/01/01 00 7074842571 .0000 06/01/31 0 0 2.0000 06/01/06 06/01/06 581/X79 1.6250 07/01/06 07/01/06 45 2.0000 .0000 .0000 A 13.0000 6 6 1 360 9 1.0000 1.0000 6.3750 S N .1250 .0000 S N .1250 .0000 4 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142371 5.1250 635,000.00 100 5.1250 635,000.00 ZZ 4.7500 2,711.98 1 10.1250 2,711.98 68 CHICAGO IL 60625 9.7500 08/22/02 0012946190 .0000 10/01/02 00 0012946190 .0000 09/01/32 0 0 2.0000 09/01/07 09/01/07 581/X79 1.6250 10/01/07 10/01/07 25 2.0000 .0000 .0000 A 10.1250 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142373 5.5000 361,600.00 100 5.5000 360,806.59 ZZ 5.1250 2,053.13 1 10.5000 2,053.13 80 MILPITAS CA 95035 10.1250 09/25/02 0013051578 .0000 11/01/02 00 0013051578 .0000 10/01/32 0 0 2.7500 10/01/07 10/01/07 581/X79 2.3750 11/01/07 11/01/07 45 2.7500 .0000 .0000 A 10.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142379 4.8750 360,000.00 100 4.8750 360,000.00 ZZ 4.5000 1,462.50 1 9.8750 1,462.50 80 LIVERMORE CA 94550 9.5000 08/26/02 0018784454 .0000 10/01/02 00 0018784454 .0000 09/01/32 0 0 2.0000 09/01/07 09/01/07 1 581/X79 1.6250 10/01/07 10/01/07 25 2.0000 .0000 .0000 A 9.8750 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142385 5.7500 371,800.00 100 5.7500 370,236.04 ZZ 5.3750 2,169.73 1 10.7500 2,169.73 80 LAKEWOOD CO 80227 10.3750 07/25/02 0019530500 .0000 09/01/02 00 0019530500 .0000 08/01/32 0 0 2.7500 08/01/07 08/01/07 581/X79 2.3750 09/01/07 09/01/07 45 2.7500 .0000 .0000 A 10.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142389 4.7500 343,200.00 100 4.7500 341,899.46 ZZ 4.3750 1,790.30 1 9.7500 1,790.30 80 LIBERTYVILLE IL 60048 9.3750 08/12/02 0019631647 .0000 10/01/02 00 0019631647 .0000 09/01/32 0 0 2.7500 09/01/07 09/01/07 581/X79 2.3750 10/01/07 10/01/07 45 2.7500 .0000 .0000 A 9.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142393 5.2500 536,000.00 100 5.2500 534,767.67 ZZ 4.8750 2,959.82 1 10.2500 2,959.82 80 RIVERVALE NJ 07675 9.8750 09/30/02 1 0019783067 .0000 11/01/02 00 0019783067 .0000 10/01/32 0 0 2.7500 10/01/07 10/01/07 581/X79 2.3750 11/01/07 11/01/07 45 2.7500 .0000 .0000 A 10.2500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142397 4.6250 400,000.00 100 4.6250 398,449.36 ZZ 4.2500 2,056.56 1 9.6250 2,056.56 45 CENTENNIAL CO 80016 9.2500 08/22/02 0019804996 .0000 10/01/02 00 0019804996 .0000 09/01/32 0 0 2.7500 09/01/07 09/01/07 581/X79 2.3750 10/01/07 10/01/07 45 2.7500 .0000 .0000 A 9.6250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142439 5.3750 556,000.00 100 5.3750 556,000.00 ZZ 5.0000 2,490.42 1 10.3750 2,490.42 77 FALMOUTH MA 02536 10.0000 09/20/02 0019856152 .0000 11/01/02 00 0019856152 .0000 10/01/32 0 0 2.0000 10/01/07 10/01/07 581/X79 1.6250 11/01/07 11/01/07 25 2.0000 .0000 .0000 A 10.3750 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 8142441 5.0850 492,000.00 100 5.0850 492,000.00 ZZ 1 4.7100 2,084.85 1 10.0850 2,084.85 80 DENVER CO 80209 9.7100 09/03/02 0020057048 .0000 11/01/02 00 0020057048 .0000 10/01/32 0 0 2.0000 10/01/07 10/01/07 581/X79 1.6250 11/01/07 11/01/07 25 2.0000 .0000 .0000 A 10.0850 6 6 360 E 1.0000 1.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8218939 6.2500 160,000.00 100 6.2500 159,387.97 ZZ 5.8750 985.15 1 12.2500 985.15 80 STRONGSVILLE OH 44149 11.8750 07/09/02 TO BE ASSIGNED .0000 09/01/02 00 0190138586 .0000 08/01/32 0 0 2.8750 08/01/03 08/01/03 X32/X32 2.5000 09/01/03 09/01/03 45 4.2500 .0000 .0000 A 8.2500 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 N .0000 8218947 5.8750 367,000.00 100 5.8750 366,625.83 ZZ 5.5000 2,170.94 1 10.8750 2,170.94 75 NEW RICHMOND OH 45157 10.5000 10/11/02 TO BE ASSIGNED .0000 12/01/02 00 0190152835 .0000 11/01/32 0 0 2.7500 11/01/07 11/01/07 X32/X32 2.3750 12/01/07 12/01/07 45 2.7500 .0000 .0000 A 10.8750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 1 8218951 5.3750 202,000.00 100 5.3750 199,793.10 ZZ 5.0000 1,637.14 1 11.3750 1,637.14 57 PEPPER PIKE OH 44124 11.0000 08/26/02 TO BE ASSIGNED .0000 10/01/02 00 0190155994 .0000 09/01/17 0 0 2.7500 09/01/07 09/01/07 X32/X32 2.3750 10/01/07 10/01/07 45 3.3750 .0000 .0000 A 7.3750 12 12 180 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 8218959 5.8750 514,450.00 100 5.8750 513,341.31 ZZ 5.5000 3,043.17 1 10.8750 3,043.17 80 NORTH CANTON OH 44709 10.5000 09/06/02 TO BE ASSIGNED .0000 11/01/02 00 0190163113 .0000 10/01/32 0 0 2.7500 10/01/09 10/01/09 X32/X32 2.3750 11/01/09 11/01/09 45 2.7500 .0000 .0000 A 10.8750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8218961 6.1250 368,500.00 100 6.1250 368,141.85 ZZ 5.7500 2,239.04 1 11.1250 2,239.04 53 DUBLIN OH 43017 10.7500 10/11/02 TO BE ASSIGNED .0000 12/01/02 00 0190167320 .0000 11/01/32 0 0 2.7500 11/01/09 11/01/09 X32/X32 2.3750 12/01/09 12/01/09 45 4.1250 .0000 .0000 A 8.1250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 1 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 8218967 6.2500 600,000.00 100 6.2500 599,430.70 ZZ 5.8750 3,694.30 1 11.2500 3,694.30 72 SOLON OH 44139 10.8750 10/04/02 TO BE ASSIGNED .0000 12/01/02 00 0190171116 .0000 11/01/32 0 0 2.7500 11/01/09 11/01/09 X32/X32 2.3750 12/01/09 12/01/09 45 2.7500 .0000 .0000 A 11.2500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 2 00 00/00/00 .0000 05 0 00/00/00 O .0000 8218969 5.7500 350,000.00 100 5.7500 349,634.58 ZZ 5.3750 2,042.50 1 10.7500 2,042.50 80 AURORA OH 44202 10.3750 10/08/02 TO BE ASSIGNED .0000 12/01/02 00 0190171728 .0000 11/01/32 0 0 2.7500 11/01/07 11/01/07 X32/X32 2.3750 12/01/07 12/01/07 45 2.7500 .0000 .0000 A 10.7500 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8218973 5.3750 370,000.00 100 5.3750 369,168.94 ZZ 5.0000 2,071.89 1 11.3750 2,071.89 74 EVANSTON IL 60201 11.0000 09/18/02 TO BE ASSIGNED .0000 11/01/02 00 0190175463 .0000 10/01/32 0 0 2.2500 10/01/07 10/01/07 X32/X32 1.8750 11/01/07 11/01/07 45 3.3750 .0000 .0000 A 7.3750 12 12 1 360 L12 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 8218975 5.3750 400,000.00 100 5.3750 399,101.57 ZZ 5.0000 2,239.88 1 10.3750 2,239.88 80 LAKE VILLA IL 60046 10.0000 09/23/02 TO BE ASSIGNED .0000 11/01/02 00 0190177055 .0000 10/01/32 0 0 2.7500 10/01/07 10/01/07 X32/X32 2.3750 11/01/07 11/01/07 45 2.7500 .0000 .0000 A 10.3750 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 8218977 5.0000 544,000.00 100 5.0000 543,346.36 ZZ 4.6250 2,920.31 1 10.0000 2,920.31 80 CLEVELAND HEIG OH 44118 9.6250 09/30/02 TO BE ASSIGNED .0000 12/01/02 00 0190178871 .0000 11/01/32 0 0 2.7500 11/01/09 11/01/09 X32/X32 2.3750 12/01/09 12/01/09 45 2.7500 .0000 .0000 A 10.0000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8218981 6.1250 478,270.00 100 6.1250 477,337.93 ZZ 5.7500 2,906.02 1 11.1250 2,906.02 95 NEW ALBANY OH 43054 10.7500 09/30/02 TO BE ASSIGNED .0000 11/01/02 10 0190179895 .0000 10/01/32 30 0 2.7500 10/01/07 10/01/07 1 X32/X32 2.3750 11/01/07 11/01/07 45 2.7500 .0000 .0000 A 11.1250 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8218989 6.5000 975,000.00 100 6.5000 966,893.25 ZZ 6.1250 6,162.66 1 11.5000 6,162.66 68 INDIAN HILL TO OH 45243 11.1250 03/04/02 TO BE ASSIGNED .0000 04/01/02 00 0190089656 .0000 03/01/32 0 0 2.8750 03/01/07 03/01/07 X32/X32 2.5000 04/01/07 04/01/07 45 2.8750 .0000 .0000 A 11.5000 12 12 360 1 2.0000 2.0000 5.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 8229745 5.6250 520,000.00 100 5.6250 516,053.48 ZZ 5.2500 2,993.41 1 11.6250 2,993.41 57 DESTIN FL 32550 11.2500 04/08/02 0622233885 .0000 06/01/02 00 0622233885 .0000 05/01/32 0 0 2.7500 05/01/05 05/01/05 181/Y11 2.3750 06/01/05 06/01/05 45 3.6250 .0000 .0000 A 8.6250 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 4 00 00/00/00 .0000 03 0 00/00/00 O .0000 8229761 5.7500 604,000.00 100 5.7500 600,413.17 ZZ 5.3750 3,524.79 1 11.7500 3,524.79 80 NORTHVILLE MI 48167 11.3750 06/24/02 1 0624317722 .0000 08/01/02 00 0624317722 .0000 07/01/32 0 0 2.7500 07/01/05 07/01/05 181/Y11 2.3750 08/01/05 08/01/05 45 3.7500 .0000 .0000 A 7.7500 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 8229767 5.5000 445,000.00 100 5.5000 443,038.26 ZZ 5.1250 2,526.66 1 11.5000 2,526.66 62 WEBSTER GROVES MO 63119 11.1250 07/12/02 0624820367 .0000 09/01/02 00 0624820367 .0000 08/01/32 0 0 2.7500 08/01/05 08/01/05 181/Y11 2.3750 09/01/05 09/01/05 45 3.5000 .0000 .0000 A 7.5000 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 8229797 5.5000 415,000.00 100 5.5000 413,082.56 ZZ 5.1250 2,356.32 1 11.5000 2,356.32 62 METAMORA MI 48455 11.1250 07/17/02 0625375496 .0000 09/01/02 00 0625375496 .0000 08/01/32 0 0 2.7500 08/01/05 08/01/05 181/Y11 2.3750 09/01/05 09/01/05 45 3.5000 .0000 .0000 A 7.5000 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 5 00 00/00/00 .0000 05 0 00/00/00 O .0000 8270879 5.3750 560,000.00 100 5.3750 557,473.05 ZZ 1 5.1250 3,135.84 1 11.3750 3,135.84 70 FRANKLIN LAKES NJ 07417 11.1250 07/26/02 0001347762 .0000 09/01/02 00 0001347762 .0000 08/01/32 0 0 2.7500 08/01/05 08/01/05 181/181 2.5000 09/01/05 09/01/05 45 3.3750 .0000 .0000 A 7.3750 12 12 360 1 2.0000 2.0000 6.0000 S N .1250 .0000 S N .1250 .0000 1 00 00/00/00 .0000 05 0 00/00/00 O .0000 TOTAL NUMBER OF LOANS : 212 TOTAL ORIGINAL BALANCE : 94,039,416.48 TOTAL PRINCIPAL BALANCE : 92,931,252.16 TOTAL ORIGINAL P+I : 576,036.32 TOTAL CURRENT P+I : 574,205.80 *************************** * END OF REPORT * *************************** F-3-1 EXHIBIT G FORMS OF REQUEST FOR RELEASE DATE: TO: RE: REQUEST FOR RELEASE OF DOCUMENTS In connection with the administration of the pool of Mortgage Loans held by you for the referenced pool, we request the release of the Mortgage Loan File described below. Pooling and Servicing Agreement, Dated: Series#: Account#: Pool#: Loan#: MIN#: Borrower Name(s): Reason for Document Request: (circle one) Mortgage Loan Prepaid in Full Mortgage Loan Repurchased "We hereby certify that all amounts received or to be received in connection with such payments which are required to be deposited have been or will be so deposited as provided in the Pooling and Servicing Agreement." ------------------------------ Residential Funding Corporation Authorized Signature **************************************************************** TO CUSTODIAN/TRUSTEE: Please acknowledge this request, and check off documents being enclosed with a copy of this form. You should retain this form for your files in accordance with the terms of the Pooling and Servicing Agreement. Enclosed Documents: [ ] Promissory Note [ ] Primary Insurance Policy [ ] Mortgage or Deed of Trust [ ] Assignment(s) of Mortgage or Deed of Trust [ ] Title Insurance Policy [ ] Other: ________________________ --------------------------- Name --------------------------- Title --------------------------- Date G-1 EXHIBIT H-1 FORM OF TRANSFER AFFIDAVIT AND AGREEMENT STATE OF ) ) :ss. COUNTY OF ) [NAME OF OFFICER], being first duly sworn, deposes and says: 1. That he is [Title of Officer] of [Name of Owner] (record or beneficial owner of the Mortgage Pass-Through Certificates, Series _______, Class R[-__] (the "Owner")), a [savings institution] [corporation] duly organized and existing under the laws of [the State of ] [the United States], on behalf of which he makes this affidavit and agreement. 2. That the Owner (i) is not and will not be a "disqualified organization" or an electing large partnership as of [date of transfer] within the meaning of Sections 860E(e)(5) and 775, respectively, of the Internal Revenue Code of 1986, as amended (the "Code") or an electing large partnership under Section 775(a) of the Code, (ii) will endeavor to remain other than a disqualified organization for so long as it retains its ownership interest in the Class R[-__] Certificates, and (iii) is acquiring the Class R[-__] Certificates for its own account or for the account of another Owner from which it has received an affidavit and agreement in substantially the same form as this affidavit and agreement. (For this purpose, a "disqualified organization" means an electing large partnership under Section 775 of the Code, the United States, any state or political subdivision thereof, any agency or instrumentality of any of the foregoing (other than an instrumentality all of the activities of which are subject to tax and, except for the Federal Home Loan Mortgage Corporation, a majority of whose board of directors is not selected by any such governmental entity) or any foreign government, international organization or any agency or instrumentality of such foreign government or organization, any rural electric or telephone cooperative, or any organization (other than certain farmers' cooperatives) that is generally exempt from federal income tax unless such organization is subject to the tax on unrelated business taxable income). 3. That the Owner is aware (i) of the tax that would be imposed on transfers of Class R[-__] Certificates to disqualified organizations or electing large partnerships, under the Code, that applies to all transfers of Class R[-__] Certificates after March 31, 1988; (ii) that such tax would be on the transferor (or, with respect to transfers to electing large partnerships, on each such partnership), or, if such transfer is through an agent (which person includes a broker, nominee or middleman) for a disqualified organization, on the agent; (iii) that the person (other than with respect to transfers to electing large partnerships) otherwise liable for the tax shall be relieved of liability for the tax if the transferee furnishes to such person an affidavit that the transferee is not a disqualified organization and, at the time of transfer, such person does not have actual knowledge that the affidavit is false; and (iv) that the Class R[-__] Certificates may be "noneconomic residual H-1-1 interests" within the meaning of Treasury regulations promulgated pursuant to the Code and that the transferor of a noneconomic residual interest will remain liable for any taxes due with respect to the income on such residual interest, unless no significant purpose of the transfer was to impede the assessment or collection of tax. 4. That the Owner is aware of the tax imposed on a "pass-through entity" holding Class R[-__] Certificates if either the pass-through entity is an electing large partnership under Section 775 of the Code or if at any time during the taxable year of the pass-through entity a disqualified organization is the record holder of an interest in such entity. (For this purpose, a "pass through entity" includes a regulated investment company, a real estate investment trust or common trust fund, a partnership, trust or estate, and certain cooperatives.) 5. The Owner is either (i) a citizen or resident of the United States, (ii) a corporation, partnership or other entity treated as a corporation or a partnership for U.S. federal income tax purposes and created or organized in or under the laws of the United States, any state thereof or the District of Columbia (other than a partnership that is not treated as a United States person under any applicable Treasury regulations), (iii) an estate that is described in Section 7701(a)(30)(D) of the Code, or (iv) a trust that is described in Section 7701(a)(30)(E) of the Code. 6. The Owner hereby agrees that it will not cause income from the Class R[-__] Certificates to be attributable to a foreign permanent establishment or fixed base (within the meaning of an applicable income tax treaty) of the Owner of another United States taxpayer. 7. That the Owner is aware that the Trustee will not register the transfer of any Class R[- __] Certificates unless the transferee, or the transferee's agent, delivers to it an affidavit and agreement, among other things, in substantially the same form as this affidavit and agreement. The Owner expressly agrees that it will not consummate any such transfer if it knows or believes that any of the representations contained in such affidavit and agreement are false. 8. That the Owner has reviewed the restrictions set forth on the face of the Class R[-__] Certificates and the provisions of Section 5.02(f) of the Pooling and Servicing Agreement under which the Class R[-__] Certificates were issued (in particular, clause (iii)(A) and (iii)(B) of Section 5.02(f) which authorize the Trustee to deliver payments to a person other than the Owner and negotiate a mandatory sale by the Trustee in the event the Owner holds such Certificates in violation of Section 5.02(f)). The Owner expressly agrees to be bound by and to comply with such restrictions and provisions. 9. That the Owner consents to any additional restrictions or arrangements that shall be deemed necessary upon advice of counsel to constitute a reasonable arrangement to ensure that the Class R[-__] Certificates will only be owned, directly or indirectly, by an Owner that is not a disqualified organization. 10. The Owner's Taxpayer Identification Number is ________________. H-1-2 11. This affidavit and agreement relates only to the Class R[-__] Certificates held by the Owner and not to any other holder of the Class R[-__] Certificates. The Owner understands that the liabilities described herein relate only to the Class R[-__] Certificates. 12. That no purpose of the Owner relating to the transfer of any of the Class R[-__] Certificates by the Owner is or will be to impede the assessment or collection of any tax; in making this representation, the Owner warrants that the Owner is familiar with (i) Treasury Regulation Section 1.860E-1(c) and recent amendments thereto, effective as of July 19, 2002, and (ii) the preamble describing the adoption of the amendments to such regulation, which is attached hereto as Exhibit 1. 13. That the Owner has no present knowledge or expectation that it will be unable to pay any United States taxes owed by it so long as any of the Certificates remain outstanding. In this regard, the Owner hereby represents to and for the benefit of the person from whom it acquired the Class R[-__] Certificate that the Owner intends to pay taxes associated with holding such Class R[- __] Certificate as they become due, fully understanding that it may incur tax liabilities in excess of any cash flows generated by the Class R[-__] Certificate. 14. That the Owner has no present knowledge or expectation that it will become insolvent or subject to a bankruptcy proceeding for so long as any of the Class R[-__] Certificates remain outstanding. 15. (a) The Owner is not an employee benefit plan or other plan subject to the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Internal Revenue Code of 1986, as amended (the "Code"), or an investment manager, named fiduciary or a trustee of any such plan, or any other Person acting, directly or indirectly, on behalf of or purchasing any Certificate with "plan assets" of any such plan; or (b) The Owner has provided the Trustee, the Company and the Master Servicer with an opinion of counsel acceptable to and in form and substance satisfactory to the Trustee, the Company and the Master Servicer to the effect that the purchase of Certificates is permissible under applicable law, will not constitute or result in any non-exempt prohibited transaction under ERISA or Section 4975 of the Code and will not subject the Trustee, the Company or the Master Servicer to any obligation or liability (including obligations or liabilities under ERISA or Section 4975 of the Code) in addition to those undertaken in the Pooling and Servicing Agreement. In addition, the Owner hereby certifies, represents and warrants to, and covenants with, the Company, the Trustee and the Master Servicer that the Purchaser will not transfer such Certificates to any Plan or person unless either such Plan or person meets the requirements set forth in either (a) or (b) above. H-1-3 Capitalized terms used but not defined herein shall have the meanings assigned in the Pooling and Servicing Agreement. H-1-4 IN WITNESS WHEREOF, the Owner has caused this instrument to be executed on its behalf, pursuant to the authority of its Board of Directors, by its [Title of Officer] and its corporate seal to be hereunto attached, attested by its [Assistant] Secretary, this day of _____,___ 200__. [NAME OF OWNER] By: [Name of Officer] [Title of Officer] [Corporate Seal] ATTEST: [Assistant] Secretary Personally appeared before me the above-named [Name of Officer], known or proved to me to be the same person who executed the foregoing instrument and to be the [Title of Officer] of the Owner, and acknowledged to me that he executed the same as his free act and deed and the free act and deed of the Owner. Subscribed and sworn before me this ___ day of ________, 200 __. NOTARY PUBLIC COUNTY OF STATE OF My Commission expires the ____ day of _____, 20__ . H-1-5 EXHIBIT 1 DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Parts 1 and 602 [TD 9004] RIN 1545-AW98 Real Estate Mortgage Investment Conduits AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Final regulations. ----------------------------------------------------------------------- SUMMARY: This document contains final regulations relating to safe harbor transfers of noneconomic residual interests in real estate mortgage investment conduits (REMICs). The final regulations provide additional limitations on the circumstances under which transferors may claim safe harbor treatment. DATES: Effective Date: These regulations are effective July 19, 2002. Applicability Date: For dates of applicability, see Sec. 1.860E- (1)(c)(10). FOR FURTHER INFORMATION CONTACT: Courtney Shepardson at (202) 622-3940 (not a toll-free number). SUPPLEMENTARY INFORMATION: Paperwork Reduction Act The collection of information in this final rule has been reviewed and, pending receipt and evaluation of public comments, approved by the Office of Management and Budget (OMB) under 44 U.S.C. 3507 and assigned control number 1545-1675. The collection of information in this regulation is in Sec. 1.860E - H-1-6 1(c)(5)(ii). This information is required to enable the IRS to verify that a taxpayer is complying with the conditions of this regulation. The collection of information is mandatory and is required. Otherwise, the taxpayer will not receive the benefit of safe harbor treatment as provided in the regulation. The likely respondents are businesses and other for-profit institutions. Comments on the collection of information should be sent to the Office of Management and Budget, Attn: Desk Officer for the Department of the Treasury, Office of Information and Regulatory Affairs, Washington, DC, 20503, with copies to the Internal Revenue Service, Attn: IRS Reports Clearance Officer, W:CAR:MP:FP:S, Washington, DC 20224. Comments on the collection of information should be received by September 17, 2002. Comments are specifically requested concerning: Whether the collection of information is necessary for the proper performance of the functions of the Internal Revenue Service, including whether the information will have practical utility; The accuracy of the estimated burden associated with the collection of information (see below); How the quality, utility, and clarity of the information to be collected may be enhanced; How the burden of complying with the collection of information may be minimized, including through the application of automated collection techniques or other forms of information technology; and Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of service to provide information. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid control number assigned by the Office of Management and Budget. The estimated total annual reporting burden is 470 hours, based on an estimated number of respondents of 470 and an estimated average annual burden hours per respondent of one hour. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Background This document contains final regulations regarding the proposed amendments to 26 CFR part 1 under section 860E of the Internal Revenue Code (Code). The regulations provide the circumstances under which a transferor of a noneconomic REMIC residual interest meeting the investigation and representation requirements may avail itself of the H-1-7 safe harbor by satisfying either the formula test or the asset test. Final regulations governing REMICs, issued in 1992, contain rules governing the transfer of noneconomic REMIC residual interests. In general, a transfer of a noneconomic residual interest is disregarded for all tax purposes if a significant purpose of the transfer is to [[Page 47452]] enable the transferor to impede the assessment or collection of tax. A purpose to impede the assessment or collection of tax (a wrongful purpose) exists if the transferor, at the time of the transfer, either knew or should have known that the transferee would be unwilling or unable to pay taxes due on its share of the REMIC's taxable income. Under a safe harbor, the transferor of a REMIC noneconomic residual interest is presumed not to have a wrongful purpose if two requirements are satisfied: (1) the transferor conducts a reasonable investigation of the transferee's financial condition (the investigation requirement); and (2) the transferor secures a representation from the transferee to the effect that the transferee understands the tax obligations associated with holding a residual interest and intends to pay those taxes (the representation requirement). The IRS and Treasury have been concerned that some transferors of noneconomic residual interests claim they satisfy the safe harbor even in situations where the economics of the transfer clearly indicate the transferee is unwilling or unable to pay the tax associated with holding the interest. For this reason, on February 7, 2000, the IRS published in the Federal Register (65 FR 5807) a notice of proposed rulemaking (REG-100276-97; REG-122450-98) designed to clarify the safe harbor by adding the "formula test," an economic test. The proposed regulation provides that the safe harbor is unavailable unless the present value of the anticipated tax liabilities associated with holding the residual interest does not exceed the sum of: (1) The present value of any consideration given to the transferee to acquire the interest; (2) the present value of the expected future distributions on the interest; and (3) the present value of the anticipated tax savings associated with holding the interest as the REMIC generates losses. The notice of proposed rulemaking also contained rules for FASITs. Section 1.860H-6(g) of the proposed regulations provides requirements for transfers of FASIT ownership interests and adopts a safe harbor by reference to the safe harbor provisions of the REMIC regulations. In January 2001, the IRS published Rev. Proc. 2001-12 (2001-3 I.R.B. 335) to set forth an alternative safe harbor that taxpayers H-1-8 could use while the IRS and the Treasury considered comments on the proposed regulations. Under the alternative safe harbor, if a transferor meets the investigation requirement and the representation requirement but the transfer fails to meet the formula test, the transferor may invoke the safe harbor if the transferee meets a two- prong test (the asset test). A transferee generally meets the first prong of this test if, at the time of the transfer, and in each of the two years preceding the year of transfer, the transferee's gross assets exceed $100 million and its net assets exceed $10 million. A transferee generally meets the second prong of this test if it is a domestic, taxable corporation and agrees in writing not to transfer the interest to any person other than another domestic, taxable corporation that also satisfies the requirements of the asset test. A transferor cannot rely on the asset test if the transferor knows, or has reason to know, that the transferee will not comply with its written agreement to limit the restrictions on subsequent transfers of the residual interest. Rev. Proc. 2001-12 provides that the asset test fails to be satisfied in the case of a transfer or assignment of a noneconomic residual interest to a foreign branch of an otherwise eligible transferee. If such a transfer or assignment were permitted, a corporate taxpayer might seek to claim that the provisions of an applicable income tax treaty would resource excess inclusion income as foreign source income, and that, as a consequence, any U.S. tax liability attributable to the excess inclusion income could be offset by foreign tax credits. Such a claim would impede the assessment or collection of U.S. tax on excess inclusion income, contrary to the congressional purpose of assuring that such income will be taxable in all events. See, e.g., sections 860E(a)(1), (b), (e) and 860G(b) of the Code. The Treasury and the IRS have learned that certain taxpayers transferring noneconomic residual interests to foreign branches have attempted to rely on the formula test to obtain safe harbor treatment in an effort to impede the assessment or collection of U.S. tax on excess inclusion income. Accordingly, the final regulations provide that if a noneconomic residual interest is transferred to a foreign permanent establishment or fixed base of a U.S. taxpayer, the transfer is not eligible for safe harbor treatment under either the asset test or the formula test. The final regulations also require a transferee to represent that it will not cause income from the noneconomic residual interest to be attributable to a foreign permanent establishment or fixed base. Section 1.860E -1(c)(8) provides computational rules that a taxpayer may use to qualify for safe harbor status under the formula test. H-1-9 Section 1.860E-1(c)(8)(i) provides that the transferee is presumed to pay tax at a rate equal to the highest rate of tax specified in section 11(b). Some commentators were concerned that this presumed rate of taxation was too high because it does not take into consideration taxpayers subject to the alternative minimum tax rate. In light of the comments received, this provision has been amended in the final regulations to allow certain transferees that compute their taxable income using the alternative minimum tax rate to use the alternative minimum tax rate applicable to corporations. Additionally, Sec. 1.860E-1(c)(8)(iii) provides that the present values in the formula test are to be computed using a discount rate equal to the applicable Federal short-term rate prescribed by section 1274(d). This is a change from the proposed regulation and Rev. Proc. 2001-12. In those publications the provision stated that "present values are computed using a discount rate equal to the applicable Federal rate prescribed in section 1274(d) compounded semiannually" and that "[a] lower discount rate may be used if the transferee can demonstrate that it regularly borrows, in the course of its trade or business, substantial funds at such lower rate from an unrelated third party." The IRS and the Treasury Department have learned that, based on this provision, certain taxpayers have been attempting to use unrealistically low or zero interest rates to satisfy the formula test, frustrating the intent of the test. Furthermore, the Treasury Department and the IRS believe that a rule allowing for a rate other than a rate based on an objective index would add unnecessary complexity to the safe harbor. As a result, the rule in the proposed regulations that permits a transferee to use a lower discount rate, if the transferee can demonstrate that it regularly borrows substantial funds at such lower rate, is not included in the final regulations; and the Federal short-term rate has been substituted for the applicable Federal rate. To simplify taxpayers' computations, the final regulations allow use of any of the published short-term rates, provided that the present values are computed with a corresponding period of compounding. With the exception of the provisions relating to transfers to foreign branches, these changes generally have the proposed applicability date of February 4, 2000, but taxpayers may choose to apply the interest rate formula set forth in the proposed regulation and Rev. Proc. 2001-12 for transfers occurring before August 19, 2002. It is anticipated that when final regulations are adopted with respect to H-1-10 [[Page 47453]] FASITs, Sec. 1.860H-6(g) of the proposed regulations will be adopted in substantially its present form, with the result that the final regulations contained in this document will also govern transfers of FASIT ownership interests with substantially the same applicability date as is contained in this document. Effect on Other Documents Rev. Proc. 2001-12 (2001-3 I.R.B. 335) is obsolete for transfers of noneconomic residual interests in REMICs occurring on or after August 19, 2002. Special Analyses It is hereby certified that these regulations will not have a significant economic impact on a substantial number of small entities. This certification is based on the fact that it is unlikely that a substantial number of small entities will hold REMIC residual interests. Therefore, a Regulatory Flexibility Analysis under the Regulatory Flexibility Act (5 U.S.C. chapter 6) is not required. It has been determined that this Treasury decision is not a significant regulatory action as defined in Executive Order 12866. Therefore, a regulatory assessment is not required. It also has been determined that sections 553(b) and 553(d) of the Administrative Procedure Act (5 U.S.C. chapter 5) do not apply to these regulations. Drafting Information The principal author of these regulations is Courtney Shepardson. However, other personnel from the IRS and Treasury Department participated in their development. List of Subjects 26 CFR Part 1 Income taxes, Reporting and record keeping requirements. 26 CFR Part 602 Reporting and record keeping requirements. H-1-11 Adoption of Amendments to the Regulations Accordingly, 26 CFR parts 1 and 602 are amended as follows: PART 1--INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * H-1-12 EXHIBIT H-2 FORM OF TRANSFEROR CERTIFICATE ---------------, ----- Residential Asset Mortgage Products, Inc. 8400 Normandale Lake Boulevard Minneapolis, Minnesota 55437 Deutsche Bank Trust Company Americas 1761 East St. Andrews Place Santa Ana, California 92705 Re: Mortgage Asset-Backed Pass-Through Certificates, Series 2002-RM1, Class R-I, Class R-II, Class R-III and Class R-IV Ladies and Gentlemen: This letter is delivered to you in connection with the transfer by ________________ (the "Seller") to _______________________ (the "Purchaser") of $ ___________ Initial Certificate Principal Balance of Mortgage Asset-Backed Pass-Through Certificates, Series 2002-RM1, Class R-I, Class R-II, Class R-III and Class R-IV (the "Class R Certificates"), pursuant to Section 5.02 of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of December 1, 2002, among Residential Asset Mortgage Products, Inc., as depositor (the "Depositor"), Residential Funding Corporation, as master servicer and Deutsche Bank Trust Company Americas, as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Seller hereby certifies, represents and warrants to, and covenants with, the Depositor and the Trustee that: 1. No purpose of the Seller relating to the transfer of the Certificate by the Seller to the Purchaser is or will be to impede the assessment or collection of any tax. 2. The Seller understands that the Purchaser has delivered to the Trustee and the Master Servicer a transfer affidavit and agreement in the form attached to the Pooling and Servicing Agreement as Exhibit H-1. The Seller does not know or believe that any representation contained therein is false. 3. The Seller has at the time of the transfer conducted a reasonable investigation of the financial condition of the Purchaser as contemplated by Treasury Regulations Section 1.860E- 1(c)(4)(i) and, as a result of that investigation, the Seller has determined that the Purchaser H-2-1 has historically paid its debts as they become due and has found no significant evidence to indicate that the Purchaser will not continue to pay its debts as they become due in the future. The Seller understands that the transfer of a Class R Certificate may not be respected for United States income tax purposes (and the Seller may continue to be liable for United States income taxes associated therewith) unless the Seller has conducted such an investigation. 4. The Seller has no actual knowledge that the proposed Transferee is not both a United States Person and a Permitted Transferee. Very truly yours, (Seller) By: Name: Title: H-2-2 EXHIBIT I FORM OF INVESTOR REPRESENTATION LETTER -------------------, ------ Residential Asset Mortgage Products, Inc. 8400 Normandale Lake Boulevard Minneapolis, Minnesota 55437 Deutsche Bank Trust Company Americas 1761 East St. Andrews Place Santa Ana, California 92705 Re: Mortgage Asset-Backed Pass-Through Certificates, Series 2002-RM1, Class B-[__-__] Ladies and Gentlemen: _________________ (the "Purchaser") intends to purchase from ______________ (the "Seller") $___________ Initial Certificate Principal Balance of Mortgage Asset-Backed Pass- Through Certificates, Series 2002-RM1, Class B-[__-__] (the "Certificates"), issued pursuant to the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of December 1, 2002 among Residential Asset Mortgage Products, Inc., as seller (the "Depositor"), Residential Funding Corporation, as master servicer and Deutsche Bank Trust Company Americas, as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Purchaser hereby certifies, represents and warrants to, and covenants with, the Depositor and the Trustee that: 1. The Purchaser understands that (a) the Certificates have not been and will not be registered or qualified under the Securities Act of 1933, as amended (the "Act") or any state securities law, (b) the Depositor is not required to so register or qualify the Certificates, (c) the Certificates may be resold only if registered and qualified pursuant to the provisions of the Act or any state securities law, or if an exemption from such registration and qualification is available, (d) the Pooling and Servicing Agreement contains restrictions regarding the transfer of the Certificates and (e) the Certificates will bear a legend to the foregoing effect. 2. The Purchaser is acquiring the Certificates for its own account for investment only and not with a view to or for sale in connection with any distribution thereof in any manner that would violate the Act or any applicable state securities laws. I-1 3. The Purchaser is (a) a substantial, sophisticated [institutional] investor having such knowledge and experience in financial and business matters, and, in particular, in such matters related to securities similar to the Certificates, such that it is capable of evaluating the merits and risks of investment in the Certificates, (b) able to bear the economic risks of such an investment and (c) an "accredited investor" within the meaning of Rule 501(a) promulgated pursuant to the Act. 4. The Purchaser has been furnished with, and has had an opportunity to review (a) [a copy of the Private Placement Memorandum, dated ________________, ____, relating to the Certificates (b)] a copy of the Pooling and Servicing Agreement and [b] [c] such other information concerning the Certificates, the Mortgage Loans and the Depositor as has been requested by the Purchaser from the Depositor or the Seller and is relevant to the Purchaser's decision to purchase the Certificates. The Purchaser has had any questions arising from such review answered by the Depositor or the Seller to the satisfaction of the Purchaser. [If the Purchaser did not purchase the Certificates from the Seller in connection with the initial distribution of the Certificates and was provided with a copy of the Private Placement Memorandum (the "Memorandum") relating to the original sale (the "Original Sale") of the Certificates by the Depositor, the Purchaser acknowledges that such Memorandum was provided to it by the Seller, that the Memorandum was prepared by the Depositor solely for use in connection with the Original Sale and the Depositor did not participate in or facilitate in any way the purchase of the Certificates by the Purchaser from the Seller, and the Purchaser agrees that it will look solely to the Seller and not to the Depositor with respect to any damage, liability, claim or expense arising out of, resulting from or in connection with (a) error or omission, or alleged error or omission, contained in the Memorandum, or (b) any information, development or event arising after the date of the Memorandum.] 5. The Purchaser has not and will not nor has it authorized or will it authorize any person to (a) offer, pledge, sell, dispose of or otherwise transfer any Certificate, any interest in any Certificate or any other similar security to any person in any manner, (b) solicit any offer to buy or to accept a pledge, disposition of other transfer of any Certificate, any interest in any Certificate or any other similar security from any person in any manner, (c) otherwise approach or negotiate with respect to any Certificate, any interest in any Certificate or any other similar security with any person in any manner, (d) make any general solicitation by means of general advertising or in any other manner or (e) take any other action, that (as to any of (a) through (e) above) would constitute a distribution of any Certificate under the Act, that would render the disposition of any Certificate a violation of Section 5 of the Act or any state securities law, or that would require registration or qualification pursuant thereto. The Purchaser will not sell or otherwise transfer any of the Certificates, except in compliance with the provisions of the Pooling and Servicing Agreement. Very truly yours, (Seller) I-2 By:____________________ Name:__________________ Title:_________________ I-3 EXHIBIT J FORM OF TRANSFEROR REPRESENTATION LETTER ----------------, ----- Residential Asset Mortgage Products, Inc. 8400 Normandale Lake Boulevard Minneapolis, Minnesota 55437 Deutsche Bank Trust Company Americas 1761 East St. Andrews Place Santa Ana, California 92705 Re: Mortgage Asset-Backed Pass-Through Certificates, Series 2002-RM1, Class B-[__-__] Ladies and Gentlemen: In connection with the sale by __________ (the "Seller") to ______________ (the "Purchaser") of $____________ Initial Certificate Principal Balance of Mortgage Asset-Backed Pass-Through Certificates, Series 2002-RM1, Class B-[__-__] (the "Certificates"), issued pursuant to the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of December 1, 2002 among Residential Asset Mortgage Products, Inc., as depositor (the "Depositor"), Residential Funding Corporation, as master servicer, and Deutsche Bank Trust Company Americas, as trustee (the "Trustee"). The Seller hereby certifies, represents and warrants to, and covenants with, the Depositor and the Trustee that: Neither the Seller nor anyone acting on its behalf has (a) offered, pledged, sold, disposed of or otherwise transferred any Certificate, any interest in any Certificate or any other similar security to any person in any manner, (b) has solicited any offer to buy or to accept a pledge, disposition or other transfer of any Certificate, any interest in any Certificate or any other similar security from any person in any manner, (c) has otherwise approached or negotiated with respect to any Certificate, any interest in any Certificate or any other similar security with any person in any manner, (d) has made any general solicitation by means of general advertising or in any other manner, or (e) has taken any other action, that (as to any of (a) through (e) above) would constitute a distribution of the Certificates under the Securities Act of 1933 (the "Act"), that would render the disposition of any Certificate a violation of Section 5 of the Act or any state securities law, or that would require registration or qualification pursuant thereto. The Seller will not act, in any manner set forth in the foregoing sentence with respect to any Certificate. The Seller has not and will not sell or otherwise J-1 transfer any of the Certificates, except in compliance with the provisions of the Pooling and Servicing Agreement. Very truly yours, (Seller) By:_______________________ Name:_____________________ Title:____________________ J-2 EXHIBIT K TEXT OF AMENDMENT TO POOLING AND SERVICING AGREEMENT PURSUANT TO SECTION 11.01(E) FOR A LIMITED GUARANTY ARTICLE XII Subordinate Certificate Loss Coverage; Limited Guaranty Section 12.01. Subordinate Certificate Loss Coverage; Limited Guaranty. (a) Subject to subsection (c) below, prior to the later of the third Business Day prior to each Distribution Date or the related Determination Date, the Master Servicer shall determine whether it or any Subservicer will be entitled to any reimbursement pursuant to Section 4.02(c) on such Distribution Date for Advances or Subservicer Advances previously made, (which will not be Advances or Subservicer Advances that were made with respect to delinquencies which were subsequently determined to be Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses or Extraordinary Losses) and, if so, the Master Servicer shall demand payment from Residential Funding of an amount equal to the amount of any Advances or Subservicer Advances reimbursed pursuant to Section 4.02(c), to the extent such Advances or Subservicer Advances have not been included in the amount of the Realized Loss in the related Mortgage Loan, and shall distribute the same to the Class R Certificateholders in the same manner as if such amount were to be distributed pursuant to Section 4.02(c). (b) Subject to subsection (c) below, prior to the later of the third Business Day prior to each Distribution Date or the related Determination Date, the Master Servicer shall determine whether any Realized Losses (other than Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses and Extraordinary Losses) will be allocated to the Class R Certificates on such Distribution Date pursuant to Section 4.05, and, if so, the Master Servicer shall demand payment from Residential Funding of the amount of such Realized Loss and shall distribute the same to the Class R Certificateholders in the same manner as if such amount were to be distributed pursuant to Section 4.02(c); provided, however, that the amount of such demand in respect of any Distribution Date shall in no event be greater than the sum of (i) the additional amount of Accrued Certificate Interest that would have been paid for the Class R Certificateholders on such Distribution Date had such Realized Loss or Losses not occurred plus (ii) the amount of the reduction in the Certificate Principal Balances of the Class R Certificates on such Distribution Date due to such Realized Loss or Losses. Notwithstanding such payment, such Realized Losses shall be deemed to have been borne by the Certificateholders for purposes of Section 4.05. Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses and Extraordinary Losses allocated to the Class R Certificates will not be covered by the Subordinate Certificate Loss Obligation. (c) Demands for payments pursuant to this Section shall be made prior to the later of the third K-1 Business Day prior to each Distribution Date or the related Determination Date by the Master Servicer with written notice thereof to the Trustee. The maximum amount that Residential Funding shall be required to pay pursuant to this Section on any Distribution Date (the "Amount Available") shall be equal to the lesser of (X) __________ minus the sum of (i) all previous payments made under subsections (a) and (b) hereof and (ii) all draws under the Limited Guaranty made in lieu of such payments as described below in subsection (d) and (Y) the then outstanding Certificate Principal Balances of the Class R Certificates, or such lower amount as may be established pursuant to Section 12.02. Residential Funding's obligations as described in this Section are referred to herein as the "Subordinate Certificate Loss Obligation." (d) The Trustee will promptly notify General Motors Acceptance Corporation of any failure of Residential Funding to make any payments hereunder and shall demand payment pursuant to the limited guaranty (the "Limited Guaranty"), executed by General Motors Acceptance Corporation, of Residential Funding's obligation to make payments pursuant to this Section, in an amount equal to the lesser of (i) the Amount Available and (ii) such required payments, by delivering to General Motors Acceptance Corporation a written demand for payment by wire transfer, not later than the second Business Day prior to the Distribution Date for such month, with a copy to the Master Servicer. (e) All payments made by Residential Funding pursuant to this Section or amounts paid under the Limited Guaranty shall be deposited directly in the Certificate Account, for distribution on the Distribution Date for such month to the Class R Certificateholders. (f) The Depositor shall have the option, in its sole discretion, to substitute for either or both of the Limited Guaranty or the Subordinate Certificate Loss Obligation another instrument in the form of a corporate guaranty, an irrevocable letter of credit, a surety bond, insurance policy or similar instrument or a reserve fund; provided that (i) the Depositor obtains an Opinion of Counsel (which need not be an opinion of Independent counsel) to the effect that obtaining such substitute corporate guaranty, irrevocable letter of credit, surety bond, insurance policy or similar instrument or reserve fund will not cause either (a) any federal tax to be imposed on the Trust Fund, including without limitation, any federal tax imposed on "prohibited transactions" under Section 860(F)(a)(1) of the Code or on "contributions after the startup date" under Section 860(G)(d)(1) of the Code or (b) the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding, and (ii) no such substitution shall be made unless (A) the substitute Limited Guaranty or Subordinate Certificate Loss Obligation is for an initial amount not less than the then current Amount Available and contains provisions that are in all material respects equivalent to the original Limited Guaranty or Subordinate Certificate Loss Obligation (including that no portion of the fees, reimbursements or other obligations under any such instrument will be borne by the Trust Fund), (B) the long term debt obligations of any obligor of any substitute Limited Guaranty or Subordinate Certificate Loss Obligation (if not supported by the Limited Guaranty) shall be rated at least the lesser of (a) the rating of the long term debt obligations of General Motors Acceptance Corporation as of the date of issuance of the Limited Guaranty and (b) the rating of the long term debt obligations of General Motors Acceptance Corporation at the date of such substitution and (C) the Depositor obtains written K-2 confirmation from each nationally recognized credit rating agency that rated the Class R Certificates at the request of the Depositor that such substitution shall not lower the rating on the Class R Certificates below the lesser of (a) the then-current rating assigned to the Class R Certificates by such rating agency and (b) the original rating assigned to the Class R Certificates by such rating agency. Any replacement of the Limited Guaranty or Subordinate Certificate Loss Obligation pursuant to this Section shall be accompanied by a written Opinion of Counsel to the substitute guarantor or obligor, addressed to the Master Servicer and the Trustee, that such substitute instrument constitutes a legal, valid and binding obligation of the substitute guarantor or obligor, enforceable in accordance with its terms, and concerning such other matters as the Master Servicer and the Trustee shall reasonably request. Neither the Depositor, the Master Servicer nor the Trustee shall be obligated to substitute for or replace the Limited Guaranty or Subordinate Certificate Loss Obligation under any circumstance. Section 12.02. Amendments Relating to the Limited Guaranty. Notwithstanding Sections 11.01 or 12.01: (i) the provisions of this Article XII may be amended, superseded or deleted, (ii) the Limited Guaranty or Subordinate Certificate Loss Obligation may be amended, reduced or canceled, and (iii) any other provision of this Agreement which is related or incidental to the matters described in this Article XI may be amended in any manner; in each case by written instrument executed or consented to by the Depositor and Residential Funding but without the consent of any Certificateholder and without the consent of the Master Servicer or the Trustee being required unless any such amendment would impose any additional obligation on, or otherwise adversely affect the interests of, the Master Servicer or the Trustee, as applicable; provided that the Depositor shall also obtain a letter from each nationally recognized credit rating agency that rated the Class R Certificates at the request of the Depositor to the effect that such amendment, reduction, deletion or cancellation will not lower the rating on the Class R Certificates below the lesser of (a) the then-current rating assigned to the Class R Certificates by such rating agency and (b) the original rating assigned to the Class R Certificates by such rating agency, unless (A) the Holder of 100% of the Class R Certificates is Residential Funding or an Affiliate of Residential Funding, or (B) such amendment, reduction, deletion or cancellation is made in accordance with Section 11.01(e) and, provided further that the Depositor obtains, in the case of a material amendment or supersession (but not a reduction, cancellation or deletion of the Limited Guaranty or the Subordinate Certificate Loss Obligation), an Opinion of Counsel (which need not be an opinion of Independent counsel) to the effect that any such amendment or supersession will not cause either (a) any federal tax to be imposed on the Trust Fund, including without limitation, any federal tax imposed on "prohibited transactions" under Section 860F(a)(1) of the Code or on "contributions after the startup date" under Section 860G(d)(1) of the Code or (b) the Trust Fund to fail to qualify as a REMIC at any time that any Certificate is outstanding. A copy of any such instrument shall be provided to the Trustee and the Master Servicer together with an Opinion of Counsel that such amendment complies with this Section 12.02. K-3 EXHIBIT L FORM OF LIMITED GUARANTY LIMITED GUARANTY RESIDENTIAL ASSET SECURITIES CORPORATION Mortgage Asset-Backed Pass-Through Certificates Series 2002-RM1 ____________________, 20___ Deutsche Bank Trust Company Americas 1761 East St. Andrews Place Santa Ana, California 92705 Ladies and Gentlemen: WHEREAS, Residential Funding Corporation, a Delaware corporation ("Residential Funding"), an indirect wholly-owned subsidiary of General Motors Acceptance Corporation, a New York corporation ("GMAC"), plans to incur certain obligations as described under Section 12.01 of the Pooling and Servicing Agreement dated as of December 1, 2002 (the "Servicing Agreement"), among Residential Asset Mortgage Products, Inc. (the "Depositor"), Residential Funding and Deutsche Bank Trust Company Americas (the "Trustee") as amended by Amendment No. 1 thereto, dated as of _________, with respect to the Mortgage Asset-Backed Pass-Through Certificates, Series 2002-RM1 (the "Certificates"); and WHEREAS, pursuant to Section 12.01 of the Servicing Agreement, Residential Funding agrees to make payments to the Holders of the Class R Certificates with respect to certain losses on the Mortgage Loans as described in the Servicing Agreement; and WHEREAS, GMAC desires to provide certain assurances with respect to the ability of Residential Funding to secure sufficient funds and faithfully to perform its Subordinate Certificate Loss Obligation; NOW THEREFORE, in consideration of the premises herein contained and certain other good and valuable consideration, the receipt of which is hereby acknowledged, GMAC agrees as follows: 1. Provision of Funds. (a) GMAC agrees to contribute and deposit in the Certificate Account on behalf of Residential Funding (or otherwise provide to Residential Funding, or to cause to be made available to Residential Funding), either directly or through a subsidiary, in any L-1 case prior to the related Distribution Date, such moneys as may be required by Residential Funding to perform its Subordinate Certificate Loss Obligation when and as the same arises from time to time upon the demand of the Trustee in accordance with Section 11.01 of the Servicing Agreement. (b) The agreement set forth in the preceding clause (a) shall be absolute, irrevocable and unconditional and shall not be affected by the transfer by GMAC or any other person of all or any part of its or their interest in Residential Funding, by any insolvency, bankruptcy, dissolution or other proceeding affecting Residential Funding or any other person, by any defense or right of counterclaim, set-off or recoupment that GMAC may have against Residential Funding or any other person or by any other fact or circumstance. Notwithstanding the foregoing, GMAC's obligations under clause (a) shall terminate upon the earlier of (x) substitution for this Limited Guaranty pursuant to Section 12.01(f) of the Servicing Agreement, or (y) the termination of the Trust Fund pursuant to the Servicing Agreement. 2. Waiver. GMAC hereby waives any failure or delay on the part of Residential Funding, the Trustee or any other person in asserting or enforcing any rights or in making any claims or demands hereunder. Any defective or partial exercise of any such rights shall not preclude any other or further exercise of that or any other such right. GMAC further waives demand, presentment, notice of default, protest, notice of acceptance and any other notices with respect to this Limited Guaranty, including, without limitation, those of action or nonaction on the part of Residential Funding or the Trustee. 3. Modification, Amendment and Termination. This Limited Guaranty may be modified, amended or terminated only by the written agreement of GMAC and the Trustee and only if such modification, amendment or termination is permitted under Section 12.02 of the Servicing Agreement. The obligations of GMAC under this Limited Guaranty shall continue and remain in effect so long as the Servicing Agreement is not modified or amended in any way that might affect the obligations of GMAC under this Limited Guaranty without the prior written consent of GMAC. 4. Successor. Except as otherwise expressly provided herein, the guarantee herein set forth shall be binding upon GMAC and its respective successors. 5. Governing Law. This Limited Guaranty shall be governed by the laws of the State of New York. 6. Authorization and Reliance. GMAC understands that a copy of this Limited Guaranty shall be delivered to the Trustee in connection with the execution of Amendment No. 1 to the Servicing Agreement and GMAC hereby authorizes the Depositor and the Trustee to rely on the covenants and agreements set forth herein. L-2 7. Definitions. Capitalized terms used but not otherwise defined herein shall have the meaning given them in the Servicing Agreement. 8. Counterparts. This Limited Guaranty may be executed in any number of counterparts, each of which shall be deemed to be an original and such counterparts shall constitute but one and the same instrument. L-3 IN WITNESS WHEREOF, GMAC has caused this Limited Guaranty to be executed and delivered by its respective officers thereunto duly authorized as of the day and year first above written. GENERAL MOTORS ACCEPTANCE CORPORATION By:_______________________ Name:_____________________ Title:____________________ Acknowledged by: DEUTSCHE BANK TRUST COMPANY AMERICAS, as Trustee By: Name: Title: RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC. By:_____________________________ Name:___________________________ Title:__________________________ L-4 EXHIBIT M FORM OF LENDER CERTIFICATION FOR ASSIGNMENT OF MORTGAGE LOAN ----------------, ---- Residential Asset Mortgage Products, Inc. 8400 Normandale Lake Boulevard Minneapolis, Minnesota 55437 Deutsche Bank Trust Company Americas 1761 East St. Andrews Place Santa Ana, California 92705 Ladies and Gentlemen: This letter is delivered to you in connection with the assignment by __________________ (the "Trustee") to ___________________ (the "Lender") of __________________ (the "Mortgage Loan") pursuant to Section 3.12(d) of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of December 1, 2002, among Residential Asset Mortgage Products, Inc., as depositor (the "Depositor"), Residential Funding Corporation, as master servicer, and the Trustee. All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Lender hereby certifies, represents and warrants to, and covenants with, the Master Servicer and the Trustee that: (i) the Mortgage Loan is secured by Mortgaged Property located in a jurisdiction in which an assignment in lieu of satisfaction is required to preserve lien priority, minimize or avoid mortgage recording taxes or otherwise comply with, or facilitate a refinancing under, the laws of such jurisdiction; (ii) the substance of the assignment is, and is intended to be, a refinancing of such Mortgage Loan and the form of the transaction is solely to comply with, or facilitate the transaction under, such local laws; (iii) the Mortgage Loan following the proposed assignment will be modified to have a rate of interest at least 0.25 percent below or above the rate of interest on such Mortgage Loan prior to such proposed assignment; and (iv) such assignment is at the request of the borrower under the related Mortgage Loan. M-1 Very truly yours, (Lender) By:______________________ Name:____________________ Title:___________________ M-2 EXHIBIT N [FORM OF RULE 144A INVESTMENT REPRESENTATION] Description of Rule 144A Securities, including numbers: ========================================= ========================================= The undersigned seller, as registered holder (the "Seller"), intends to transfer the Rule 144A Securities described above to the undersigned buyer (the "Buyer"). 1. In connection with such transfer and in accordance with the agreements pursuant to which the Rule 144A Securities were issued, the Seller hereby certifies the following facts: Neither the Seller nor anyone acting on its behalf has offered, transferred, pledged, sold or otherwise disposed of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security to, or solicited any offer to buy or accept a transfer, pledge or other disposition of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security from, or otherwise approached or negotiated with respect to the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security with, any person in any manner, or made any general solicitation by means of general advertising or in any other manner, or taken any other action, that would constitute a distribution of the Rule 144A Securities under the Securities Act of 1933, as amended (the "1933 Act"), or that would render the disposition of the Rule 144A Securities a violation of Section 5 of the 1933 Act or require registration pursuant thereto, and that the Seller has not offered the Rule 144A Securities to any person other than the Buyer or another "qualified institutional buyer" as defined in Rule 144A under the 1933 Act. 2. The Buyer warrants and represents to and covenants with the Seller, the Trustee and the Master Servicer (as defined in the Pooling and Servicing Agreement (the "Agreement"), dated as of December 1, 2002 among Residential Funding Corporation, as Master Servicer, Residential Asset Mortgage Products, Inc., as Depositor and The Chase Manhattan Bank, as trustee, pursuant to Section 5.02 of the Agreement, as follows: (a) The Buyer understands that the Rule 144A Securities have not been registered under the 1933 Act or the securities laws of any state. (b) The Buyer considers itself a substantial, sophisticated institutional investor having such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of investment in the Rule 144A Securities. (c) The Buyer has been furnished with all information regarding the Rule 144A N-1 Securities that it has requested from the Seller, the Trustee or the Servicer. (d) Neither the Buyer nor anyone acting on its behalf has offered, transferred, pledged, sold or otherwise disposed of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security to, or solicited any offer to buy or accept a transfer, pledge or other disposition of the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security from, or otherwise approached or negotiated with respect to the Rule 144A Securities, any interest in the Rule 144A Securities or any other similar security with, any person in any manner, or made any general solicitation by means of general advertising or in any other manner, or taken any other action, that would constitute a distribution of the Rule 144A Securities under the 1933 Act or that would render the disposition of the Rule 144A Securities a violation of Section 5 of the 1933 Act or require registration pursuant thereto, nor will it act, nor has it authorized or will it authorize any person to act, in such manner with respect to the Rule 144A Securities. (e) The Buyer is a "qualified institutional buyer" as that term is defined in Rule 144A under the 1933 Act and has completed either of the forms of certification to that effect attached hereto as Annex 1 or Annex 2. The Buyer is aware that the sale to it is being made in reliance on Rule 144A. The Buyer is acquiring the Rule 144A Securities for its own account or the accounts of other qualified institutional buyers, understands that such Rule 144A Securities may be resold, pledged or transferred only (i) to a person reasonably believed to be a qualified institutional buyer that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that the resale, pledge or transfer is being made in reliance on Rule 144A, or (ii) pursuant to another exemption from registration under the 1933 Act. 3. [Reserved] 4. This document may be executed in one or more counterparts and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original; such counterparts, together, shall constitute one and the same document. N-2 IN WITNESS WHEREOF, each of the parties has executed this document as of the date set forth below. Print Name of Seller Print Name of Buyer By: By: Name: Name: Title: Title: Taxpayer Identification: Taxpayer Identification: No: No: Date: Date: N-3 ANNEX 1 TO EXHIBIT N QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A [For Buyers Other Than Registered Investment Companies] The undersigned hereby certifies as follows in connection with the Rule 144A Investment Representation to which this Certification is attached: 1. As indicated below, the undersigned is the President, Chief Financial Officer, Senior Vice President or other executive officer of the Buyer. 2. In connection with purchases by the Buyer, the Buyer is a "qualified institutional buyer" as that term is defined in Rule 144A under the Securities Act of 1933 ("Rule 144A") because (i) the Buyer owned and/or invested on a discretionary basis $____________ in securities (except for the excluded securities referred to below) as of the end of the Buyer's most recent fiscal year (such amount being calculated in accordance with Rule 144A) and (ii) the Buyer satisfies the criteria in the category marked below. ____ Corporation, etc. The Buyer is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or charitable organization described in Section 501(c)(3) of the Internal Revenue Code. ____ Bank. The Buyer (a) is a national bank or banking institution organized under the laws of any State, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto. ____ Savings and Loan. The Buyer (a) is a savings and loan association, building and loan association, cooperative bank, homestead association or similar institution, which is supervised and examined by a State or Federal authority having supervision over any such institutions or is a foreign savings and loan association or equivalent institution and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements. ____ Broker-Dealer. The Buyer is a dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934. ____ Insurance Depositor. The Buyer is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a State or territory or the District of Columbia. N-4 ____ State or Local Plan. The Buyer is a plan established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees. ____ ERISA Plan. The Buyer is an employee benefit plan within the meaning of Title I of the Employee Retirement Income Security Act of 1974. ____ Investment Adviser. The Buyer is an investment adviser registered under the Investment Advisers Act of 1940. ____ SBIC. The Buyer is a Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958. ____ Business Development Depositor. The Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940. ____ Trust Fund. The Buyer is a trust fund whose trustee is a bank or trust company and whose participants are exclusively (a) plans established and maintained by a State, its political subdivisions, or any agency or instrumentality of the State or its political subdivisions, for the benefit of its employees, or (b) employee benefit plans within the meaning of Title I of the Employee Retirement Income Security Act of 1974, but is not a trust fund that includes as participants individual retirement accounts or H.R. 10 plans. 3. The term "securities" as used herein does not include (i) securities of issuers that are affiliated with the Buyer, (ii) securities that are part of an unsold allotment to or subscription by the Buyer, if the Buyer is a dealer, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps. 4. For purposes of determining the aggregate amount of securities owned and/or invested on a discretionary basis by the Buyer, the Buyer used the cost of such securities to the Buyer and did not include any of the securities referred to in the preceding paragraph. Further, in determining such aggregate amount, the Buyer may have included securities owned by subsidiaries of the Buyer, but only if such subsidiaries are consolidated with the Buyer in its financial statements prepared in accordance with generally accepted accounting principles and if the investments of such subsidiaries are managed under the Buyer's direction. However, such securities were not included if the Buyer is a majority-owned, consolidated subsidiary of another enterprise and the Buyer is not itself a reporting company under the Securities Exchange Act of 1934. 5. The Buyer acknowledges that it is familiar with Rule 144A and understands that the seller to it and other parties related to the Certificates are relying and will continue to rely on the statements made herein because one or more sales to the Buyer may be in reliance on Rule N-5 144A. ____ ____ Will the Buyer be purchasing the Rule 144A Yes No Securities only for the Buyer's own account? 6. If the answer to the foregoing question is "no", the Buyer agrees that, in connection with any purchase of securities sold to the Buyer for the account of a third party (including any separate account) in reliance on Rule 144A, the Buyer will only purchase for the account of a third party that at the time is a "qualified institutional buyer" within the meaning of Rule 144A. In addition, the Buyer agrees that the Buyer will not purchase securities for a third party unless the Buyer has obtained a current representation letter from such third party or taken other appropriate steps contemplated by Rule 144A to conclude that such third party independently meets the definition of "qualified institutional buyer" set forth in Rule 144A. 7. The Buyer will notify each of the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice is given, the Buyer's purchase of Rule 144A Securities will constitute a reaffirmation of this certification as of the date of such purchase. Print Name of Buyer By:______________________ Name: Title: Date: ________________________ N-6 ANNEX 2 TO EXHIBIT N QUALIFIED INSTITUTIONAL BUYER STATUS UNDER SEC RULE 144A [For Buyers That Are Registered Investment Companies] The undersigned hereby certifies as follows in connection with the Rule 144A Investment Representation to which this Certification is attached: 1. As indicated below, the undersigned is the President, Chief Financial Officer or Senior Vice President of the Buyer or, if the Buyer is a "qualified institutional buyer" as that term is defined in Rule 144A under the Securities Act of 1933 ("Rule 144A") because Buyer is part of a Family of Investment Companies (as defined below), is such an officer of the Adviser. 2. In connection with purchases by Buyer, the Buyer is a "qualified institutional buyer" as defined in SEC Rule 144A because (i) the Buyer is an investment company registered under the Investment Company Act of 1940, and (ii) as marked below, the Buyer alone, or the Buyer's Family of Investment Companies, owned at least $100,000,000 in securities (other than the excluded securities referred to below) as of the end of the Buyer's most recent fiscal year. For purposes of determining the amount of securities owned by the Buyer or the Buyer's Family of Investment Companies, the cost of such securities was used. The Buyer owned $___________________ in securities (other than the excluded securities referred to below) as of the end of the Buyer's most recent fiscal year (such amount being calculated in accordance with Rule 144A). The Buyer is part of a Family of Investment Companies which owned in the aggregate $_________________ in securities (other than the excluded securities referred to below) as of the end of the Buyer's most recent fiscal year (such amount being calculated in accordance with Rule 144A). 3. The term "Family of Investment Companies" as used herein means two or more registered investment companies (or series thereof) that have the same investment adviser or investment advisers that are affiliated (by virtue of being majority owned subsidiaries of the same parent or because one investment adviser is a majority owned subsidiary of the other). 4. The term "securities" as used herein does not include (i) securities of issuers that are affiliated with the Buyer or are part of the Buyer's Family of Investment Companies, (ii) bank deposit notes and certificates of deposit, (iii) loan participations, (iv) repurchase agreements, (v) securities owned but subject to a repurchase agreement and (vi) currency, interest rate and commodity swaps. 5. The Buyer is familiar with Rule 144A and understands that each of the parties to which this N-7 certification is made are relying and will continue to rely on the statements made herein because one or more sales to the Buyer will be in reliance on Rule 144A. In addition, the Buyer will only purchase for the Buyer's own account. 6. The undersigned will notify each of the parties to which this certification is made of any changes in the information and conclusions herein. Until such notice, the Buyer's purchase of Rule 144A Securities will constitute a reaffirmation of this certification by the undersigned as of the date of such purchase. Print Name of Buyer By:_____________________ Name: Title: IF AN ADVISER: Print Name of Buyer Date: __________________ N-8 EXHIBIT O FORM OF ERISA LETTER --------------, ---- Residential Asset Mortgage Products, Inc. 8400 Normandale Lake Boulevard Minneapolis, Minnesota 55437 Deutsche Bank Trust Company Americas 1761 East St. Andrews Place Santa Ana, California 92705 Residential Funding Corporation 8400 Normandale Lake Boulevard Suite 250 Minneapolis, MN 55437 Attention: Residential Funding Corporation Series 2002-RM1 Re: Mortgage Asset-Backed Pass-Through Certificates, Series 2002-RM1 Class B-[__-__] Ladies and Gentlemen: ______________________________ (the "Purchaser") intends to purchase from ___________________________ (the "Seller") $_____________ Initial Certificate Principal Balance of Mortgage Pass-Through Certificates, Series 2002-RM1, Class __ (the "Certificates"), issued pursuant to the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of December 1, 2002 among Residential Asset Mortgage Products, Inc., as the company (the "Depositor"), Residential Funding Corporation, as master servicer (the "Master Servicer") and Deutsche Bank Trust Company Americas, as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Purchaser hereby certifies, represents and warrants to, and covenants with, the Depositor, the Trustee and the Master Servicer that: (a) The Purchaser is not an employee benefit or other plan subject to the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Internal Revenue Code of 1986, as amended (the "Code") (a "Plan"), or any other person (including an investment manager, a named fiduciary or a trustee of any O-1 Plan) acting, directly or indirectly, on behalf of or purchasing any Certificate with "plan assets" of any Plan within the meaning of the Department of Labor ("DOL") regulation at 29 C.F.R. ss.2510.3-101; or (b) The Purchaser has provided the Trustee, the Depositor and the Master Servicer with an opinion of counsel acceptable to and in form and substance satisfactory to the Trustee, the Depositor and the Master Servicer to the effect that the purchase of Certificates is permissible under applicable law, will not constitute or result in any non-exempt prohibited transaction under ERISA or Section 4975 of the Code and will not subject the Trustee, the Depositor or the Master Servicer to any obligation or liability (including obligations or liabilities under ERISA or Section 4975 of the Code) in addition to those undertaken in the Pooling and Servicing Agreement. In addition, the Purchaser hereby certifies, represents and warrants to, and covenants with, the Depositor, the Trustee and the Master Servicer that the Purchaser will not transfer such Certificates to any Plan or person unless such Plan or person meets the requirements set forth in either (a) or (b) above. Very truly yours, (Purchaser) By:_____________________ Name: Title: O-2 EXHIBIT P HIGH COST LOANS TO BE PROVIDED UPON REQUEST P-1 EXHIBIT Q-1 GROUP 1 DISCOUNT FRACTIONS TO BE PROVIDED UPON REQUEST Q-1-1 EXHIBIT Q-2 GROUP II DISCOUNT FRACTIONS TO BE PROVIDED UPON REQUEST Q-2-1