-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B7ZQHd/mI+cse4n2ewAPKkKlvbnl8dYGggxvqCcaoO2519OvycpL2cwF2tX2pCWA BKuNsiNsX3OdOcuQrkYDWQ== 0000903423-98-000142.txt : 19980407 0000903423-98-000142.hdr.sgml : 19980407 ACCESSION NUMBER: 0000903423-98-000142 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19980327 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980406 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: GE CAPITAL MORTGAGE SERVICES INC CENTRAL INDEX KEY: 0000792428 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 210627285 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 033-05042 FILM NUMBER: 98588145 BUSINESS ADDRESS: STREET 1: THREE EXECUTIVE CAMPUS STREET 2: P O BOX 5260 CITY: CHERRY HILL STATE: NJ ZIP: 08002 BUSINESS PHONE: 6096616100 MAIL ADDRESS: STREET 1: THREE EXECUTIVE CAMPUS STREET 2: P O BOX 5260 CITY: CHERRY HILL STATE: NJ ZIP: 08034 FORMER COMPANY: FORMER CONFORMED NAME: TRAVELERS MORTGAGE SERVICES INC DATE OF NAME CHANGE: 19901101 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) March 27, 1998 GE CAPITAL MORTGAGE SERVICES, INC. (as Seller and Servicer under the Pooling and Servicing Agreement, dated as of March 1, 1998, providing for the issuance of REMIC Multi-Class Pass-Through Certificates, Series 1998-5) GE Capital Mortgage Services, Inc. (Exact name of registrant as specified in its charter) New Jersey 33-5042 21-0627285 - ----------------------------------------------------------------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) Three Executive Campus Cherry Hill, New Jersey 08002 (Address of Principal Executive Office) (Zip Code) Registrant's telephone number, including area code (609) 661-6100 ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS General. On March 27, 1998 GE Capital Mortgage Services, Inc. ("GECMSI") offered to investors certain classes of its REMIC Multi-Class Pass-Through Certificates, Series 1998-5 (the "Certificates") evidencing beneficial ownership interests in a trust fund (the "Trust Fund"). The assets of the Trust Fund consist primarily of a pool ("Pool 1998-5") of conventional, one- to four-family residential loans (the "Mortgage Loans"). Capitalized terms used herein and not otherwise defined shall have the meanings assigned to them in the Prospectus dated March 19, 1998 as supplemented by the Prospectus Supplement dated March 24, 1998. The original principal balance of each Class of the Certificates is as follows: Class A1 $349,500,180.00 Class A2 $12,632,000.00 Class A3 $42,580,809.00 Class A4 $21,095,000.00 Class PO $342,626.14 Class M $8,212,279.00 Class B1 $3,551,256.00 Class B2 $1,997,581.00 Class B3 $1,775,628.00 Class B4 $887,813.00 Class B5 $1,331,722.81 Class R $100.00 --------------- Total : $443,906,994.95 The initial Junior Percentage and initial Senior Percentage for Pool 1998-5 are approximately 4.00% and 96.00%, respectively. The "Bankruptcy Loss Amount," the "Fraud Loss Amount" and the "Special Hazard Loss Amount" for Pool 1998-5 as of the initial issuance of the Certificates are approximately $160,517, $4,439,070 and $4,439,070, respectively, representing approximately 0.04%, 1.00%, and 1.00%, respectively, of the aggregate Scheduled Principal Balances of the Mortgage Loans as of March 1, 1998 (the "Cut-off Date"). 2 Description of the Mortgage Pool and the Mortgaged Properties Pool 1998-5 Pool 1998-5 consists primarily of fixed-rate, fully-amortizing conventional Mortgage Loans evidenced by Mortgage Notes which have original maturities of 20 to 30 years and an aggregate outstanding Scheduled Principal Balance as of the Cut-off Date, after deducting payments of principal due on or before such date and prepayments of principal received before such date, of $443,906,994.95. The interest rates (the "Mortgage Rates") borne by the 1,418 Mortgage Loans conveyed by GECMSI to Pool 1998-5 range from 6.625% to 9.500% and the weighted average Mortgage Rate as of the Cut-off Date is 7.5257% per annum (all weighted averages in this filing are weighted by aggregate outstanding Scheduled Principal Balance as of the Cut-off Date). At origination, the principal balances of the Mortgage Loans in Pool 1998-5 ranged from $40,000.00 to $990,000.00, and, as of the Cut-off Date, the average outstanding Scheduled Principal Balance of the Mortgage Loans in Pool 1998-5 is $313,051.48 after application of principal payments due on or before the Cut-off Date and prepayments of principal received before such date. The earliest origination date of any Mortgage Loan in Pool 1998-5 is August 1990, and the latest scheduled maturity date of any such Mortgage Loan is March 2028. The weighted average loan-to-value ratio of the Mortgage Loans as of the Cut-off Date in Pool 1998-5 is 75.5390%. The Mortgage Loans in Pool 1998-5 have the following characteristics as of the Cut-off Date. a) The following table sets forth information, as of the Cut-off Date, with respect to the Mortgage Rates borne by the Mortgage Loans in Pool 1998-5: AGGREGATE % OF BALANCES POOL BY MORTGAGE # OF AS OF AGGREGATE RATES LOANS CUT-OFF DATE BALANCE -------- ----- ------------ --------- 6.6250% 6 $1,409,879.16 0.3176% 6.7500% 8 $2,200,754.63 0.4958% 6.8750% 41 $11,066,935.96 2.4931% 7.0000% 42 $13,493,545.30 3.0397% 7.1250% 70 $20,425,756.33 4.6014% 7.2500% 165 $52,244,678.92 11.7693% 7.3750% 195 $62,357,131.77 14.0473% 7.5000% 288 $92,114,339.20 20.7508% 7.6250% 208 $68,270,639.18 15.3795% 7.7500% 158 $48,466,759.62 10.9182% 7.8750% 102 $31,951,518.95 7.1978% 8.0000% 78 $23,595,578.01 5.3154% 8.1250% 26 $7,856,256.40 1.7698% 8.2500% 15 $4,691,969.50 1.0570% 8.3750% 10 $2,533,111.76 0.5706% 8.5000% 4 $1,027,952.44 0.2316% 8.7500% 1 $64,600.00 0.0146% 9.5000% 1 $135,587.82 0.0305% ----- --------------- --------- Total 1,418 $443,906,994.95 100.0000% 3 b) The following table sets forth information, as of the Cut-off Date, with respect to the original principal balances of the Mortgage Loans in Pool 1998-5 : AGGREGATE % OF BALANCES POOL BY ORIGINAL # OF AS OF AGGREGATE BALANCES LOANS CUT-OFF DATE BALANCE -------- ----- ------------ --------- $ 0 - 227,150 148 $22,864,102.01 5.1507% $227,151 - 250,000 197 $47,396,390.69 10.6771% $250,001 - 300,000 476 $130,068,170.38 29.3006% $300,001 - 350,000 218 $70,772,831.13 15.9432% $350,001 - 400,000 146 $54,734,415.19 12.3302% $400,001 - 450,000 83 $35,423,353.49 7.9799% $450,001 - 600,000 122 $62,709,878.81 14.1268% $600,001 - 650,000 17 $10,916,885.66 2.4593% $650,001 - 1,000,000+ 11 $9,020,967.59 2.0322% ----- --------------- --------- Total 1,418 $443,906,994.95 100.0000% The largest outstanding Scheduled Principal Balance of any Mortgage Loan, as of the Cut-off Date, in Pool 1998-5 is $990,000.00. The smallest outstanding Scheduled Principal Balance of any Mortgage Loan, as of the Cut-off Date, in Pool 1998-5 is $39,947.49. c) The following table sets forth information, as of the Cut-off Date, with respect to the years of origination of the Mortgage Loans in Pool 1998-5: AGGREGATE % OF BALANCES POOL BY YEAR OF # OF AS OF AGGREGATE ORIGINATION LOANS CUT-OFF DATE BALANCE ----------- ----- ------------ --------- 1990 1 $135,587.82 0.0305% 1992 1 $263,910.31 0.0595% 1993 1 $264,499.32 0.0596% 1994 8 $2,127,228.36 0.4792% 1995 2 $562,072.67 0.1266% 1996 6 $1,425,768.73 0.3212% 1997 620 $193,424,216.16 43.5731% 1998 779 $245,703,711.58 55.3503% ----- --------------- --------- Total 1,418 $443,906,994.95 100.0000% 4 d) The following table sets forth information, as of the Cut-off Date, with respect to the loan-to-value ratios of the Mortgage Loans at origination in Pool 1998-5: LOAN- AGGREGATE % OF TO-VALUE BALANCES POOL BY RATIO AT # OF AS OF AGGREGATE ORIGINATION LOANS CUT-OFF DATE BALANCE ----------- ----- ------------ --------- 00.000 - 50.00 55 $16,870,427.63 3.8004% 50.001 - 60.00 80 $27,723,430.76 6.2453% 60.001 - 70.00 171 $58,891,086.78 13.2665% 70.001 - 75.00 218 $72,492,482.88 16.3306% 75.001 - 80.00 642 $200,368,727.99 45.1376% 80.001 - 85.00 35 $9,246,293.46 2.0829% 85.001 - 90.00 123 $35,354,469.21 7.9644% 90.001 - 95.00 94 $22,960,076.24 5.1723% 95.001 - 100.00 0 $0.00 0.0000% ----- --------------- --------- Total 1,418 $443,906,994.95 100.0000% e) The following table sets forth information, as of the Cut-off Date, with respect to the type of Mortgaged Properties securing the Mortgage Loans in Pool 1998-5: AGGREGATE % OF BALANCES POOL BY TYPE OF # OF AS OF AGGREGATE DWELLING LOANS CUT-OFF DATE BALANCE - -------- ----- ------------ --------- Single-family detached 1288 $407,859,245.10 91.8795% Single-family attached 49 $15,257,884.72 3.4372% Condominium 62 $15,594,667.26 3.5130% 2 - 4 Family Units 15 $3,719,267.37 0.8378% Leasehold 1 $309,305.50 0.0697% Co-Op 3 $1,166,625.00 0.2628% ----- --------------- --------- Total 1,418 $443,906,994.95 100.0000% f) The following table sets forth information, as of the Cut-off Date, with respect to the occupancy status of the Mortgaged Properties securing the Mortgage Loans as represented by the mortgagors at origination in Pool 1998-5: AGGREGATE % OF BALANCES POOL BY # OF AS OF AGGREGATE OCCUPANCY LOANS CUT-OFF DATE BALANCE - --------- ----- ------------ --------- Owner Occupied 1387 $435,387,537.06 98.0808% Vacation 22 $6,483,458.02 1.4605% Investment 9 $2,035,999.87 0.4587% ----- --------------- --------- Total 1,418 $443,906,994.95 100.0000% 5 g) The following table sets forth information, as of the Cut-off Date, with respect to the geographic distribution of the Mortgaged Properties securing the Mortgage Loans in Pool 1998-5: AGGREGATE % OF BALANCES POOL BY # OF AS OF AGGREGATE STATE LOANS CUT-OFF DATE BALANCE - ----- ----- ------------ --------- Alaska 1 $334,751.38 0.0754% Alabama 5 $1,269,930.21 0.2861% Arizona 19 $5,374,226.72 1.2107% California 683 $220,956,736.84 49.7756% Colorado 17 $5,132,361.23 1.1562% Connecticut 31 $11,823,404.49 2.6635% Delaware 3 $501,146.01 0.1129% District of Columbia 7 $2,307,253.23 0.5198% Florida 34 $9,521,965.04 2.1450% Georgia 41 $12,418,615.92 2.7976% Hawaii 3 $1,208,825.69 0.2723% Illinois 58 $17,294,819.22 3.8960% Indiana 2 $605,044.46 0.1363% Louisiana 6 $1,633,537.90 0.3680% Massachusetts 71 $20,845,577.84 4.6959% Maryland 56 $18,709,053.51 4.2146% Michigan 5 $1,631,863.94 0.3676% Minnesota 7 $2,296,727.07 0.5174% Missouri 4 $1,960,372.33 0.4416% Nebraska 1 $146,690.26 0.0330% North Carolina 6 $1,492,780.06 0.3363% New Hampshire 5 $1,761,284.86 0.3968% New Jersey 78 $23,162,078.56 5.2178% New Mexico 3 $371,638.26 0.0837% Nevada 10 $2,972,154.78 0.6695% New York 31 $10,647,581.00 2.3986% Ohio 9 $2,602,325.34 0.5862% Oklahoma 2 $593,674.23 0.1337% Oregon 9 $2,434,446.83 0.5484% Pennsylvania 42 $12,707,948.86 2.8628% South Carolina 7 $1,974,658.77 0.4448% Tennessee 8 $2,469,289.01 0.5563% Texas 42 $11,159,371.38 2.5139% Utah 10 $2,751,972.01 0.6199% Virginia 79 $23,492,246.33 5.2922% Vermont 2 $556,586.94 0.1254% Washington 17 $5,452,617.84 1.2283% West Virginia 1 $500,000.00 0.1126% Wisconsin 3 $831,436.60 0.1873% ----- --------------- --------- Total 1,418 $443,906,994.95 100.0000% 6 h) The following table sets forth information, as of the Cut-off Date, with respect to the maturity dates of the Mortgage Loans in Pool 1998-5: AGGREGATE % OF BALANCES POOL BY YEAR OF # OF AS OF AGGREGATE MATURITY LOANS CUT-OFF DATE BALANCE -------- ----- ------------ --------- 2017 3 $916,132.72 0.2064% 2018 12 $3,270,983.61 0.7369% 2020 1 $135,587.82 0.0305% 2022 2 $504,269.93 0.1136% 2023 5 $1,470,007.45 0.3312% 2024 10 $2,752,437.60 0.6200% 2025 2 $562,072.67 0.1266% 2026 9 $2,545,811.56 0.5735% 2027 159 $48,986,068.25 11.0352% 2028 1215 $382,763,623.34 86.2261% ----- --------------- --------- Total 1,418 $443,906,994.95 100.0000% The weighted average scheduled remaining term to maturity of the Mortgage Loans in Pool 1998-5 calculated as of the Cut-off Date is 357 months. i) The following table sets forth information, as of the Cut-off Date, with respect to the purpose of the Mortgage Loans in Pool 1998-5: AGGREGATE % OF BALANCES POOL BY PURPOSE # OF AS OF AGGREGATE OF LOAN LOANS CUT-OFF DATE BALANCE - ------- ----- ------------ --------- Purchase 683 $204,591,890.35 46.0889% Rate Term/Refinance 592 $191,984,050.52 43.2487% Cash-out Refinance 143 $47,331,054.08 10.6624% ----- --------------- --------- Total 1,418 $443,906,994.95 100.0000% 7 ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS. 1.1 The Underwriting Agreement, dated as of March 21, 1996, and the related Terms Agreement, dated as of March 24, 1998, for certain of the Series 1998-5 Certificates between GE Capital Mortgage Services, Inc. and Donaldson, Lufkin & Jenrette Securities Corporation. 4.1 The Pooling and Servicing Agreement for the Series 1998-5 Certificates, dated as of March 1, 1998, between GE Capital Mortgage Services, Inc., as seller and servicer, and State Street Bank and Trust Company, as trustee. 8 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. GE Capital Mortgage Services, Inc. By: /s/ Syed W. Ali ----------------------------- Name: Syed W. Ali Title: Vice President Dated as of March 27, 1998 9 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. GE Capital Mortgage Services, Inc. By: ----------------------------- Name: Syed W. Ali Title: Vice President Dated as of March 27, 1998 10 EXHIBIT INDEX The exhibits are being filed herewith: - ---------------------------------------------------------------- EXHIBIT NO. DESCRIPTION PAGE - ---------------------------------------------------------------- 1.1 The Underwriting Agreement, dated as of March 21, 1996, and the related Terms Agreement, dated as of March 24, 1998, for certain of the Series 1998-5 Certificates between GE Capital Mortgage Services, Inc. and Donaldson, Lufkin & Jenrette Securities Corporation. 4.1 The Pooling and Servicing Agreement for the Series 1998-5 Certificates, dated as of March 1, 1998, between GE Capital Mortgage Services, Inc., as seller and servicer, and State Street Bank and Trust Company, as trustee. - ---------------------------------------------------------------- 11 EX-1.1 2 EXECUTION GE CAPITAL MORTGAGE SERVICES, INC. PASS-THROUGH CERTIFICATES (Issuable in Series) UNDERWRITING AGREEMENT Donaldson, Lufkin & Jenrette New York, New York Securities Corporation March 21, 1996 277 Park Avenue New York, New York 10172 Ladies and Gentlemen: GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"), may offer for sale to you (the "Underwriter") from time to time its Pass-Through Certificates evidencing interests in pools of mortgage loans (the "Certificates"). The Certificates may be issued in various series, and within each series, in one or more classes, in one or more offerings on terms determined at the time of sale (each such series, a "Series" and each such class, a "Class"). Each Series of the Certificates will be issued under a separate Pooling and Servicing Agreement (each, a "Pooling and Servicing Agreement") to be dated as of the respective cut-off date (each, a "Cut-off Date") between the Company, as seller and servicer, and State Street Bank and Trust Company, as trustee (the "Trustee"). Capitalized terms used but not defined herein shall have the meanings given to them in the related Pooling and Servicing Agreement. The Certificates issued under each Pooling and Servicing Agreement will represent the entire beneficial ownership interest in a trust fund (the "Trust Fund") established by such Pooling and Servicing Agreement. The assets of each Trust Fund will consist primarily of a pool of conventional, fixed rate, first lien, fully amortizing, one- to four-family residential mortgage loans (the "Mortgage Loans") having the original terms to maturity specified in the related Terms Agreement referred to hereinbelow. If so specified in the related Terms Agreement, one or more elections may be made to treat the assets of each Trust Fund as a real estate mortgage investment conduit (each, a "REMIC") for federal income tax purposes. Whenever the Company determines to make an offering of Certificates (each, a "Certificate Offering") pursuant to this Agreement through you, it will enter into an agreement with you (the "Terms Agreement") providing for the sale of specified Classes of Offered Certificates (as defined below) to, and the purchase and public offering thereof by, you. Each such Certificate Offering which the Company elects to make pursuant to this Agreement shall be governed by this Agreement, as supplemented by the related Terms Agreement. Each Terms Agreement, which shall be substantially in the form of Exhibit A hereto, shall specify, among other things, the Classes of Certificates to be purchased by the Underwriter (the "Offered Certificates"), the principal balance or balances of the Offered Certificates, each subject to any stated variance, and the price or prices at which such Offered Certificates are to be purchased by the Underwriter from the Company. 1. Representations and Warranties. (a) The Company represents and warrants to and agrees with the Underwriter, as of the date of the related Terms Agreement, that: (i) The registration statement specified in the related Terms Agreement, on Form S-3, including a prospectus, has been filed with the Securities and Exchange Commission (the "Commission") for the registration under the Securities Act of 1933, as amended (the "Act"), of pass-through certificates issuable in series, which registration statement has been declared effective by the Commission. Such registration statement, as amended to the date of the related Terms Agreement, including any documents incorporated by reference therein pursuant to Item 12 of Form S-3 under the Act which were filed under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), on or before the effective date of the Registration Statement, is hereinafter called the "Registration Statement," and such prospectus, as such prospectus is supplemented by a prospectus supplement relating to the Offered Certificates of the related Series, each in the form first filed after the date of the related Terms Agreement pursuant to Rule 424(b) under the Act, including any documents incorporated by reference therein pursuant to Item 12 of Form S-3 under the Act which were filed under the Exchange Act on or before the date of such Prospectus Supplement (other than any such incorporated documents that relate to Collateral Term Sheets (as defined herein)) (such prospectus supplement, including such incorporated documents (other than those that relate to Collateral Term Sheets), in the form first filed after the date of the related Terms Agreement pursuant to Rule 424(b) is - 2 - hereinafter called the "Prospectus Supplement"), is hereinafter called the "Prospectus". Any reference herein to the terms "amend," "amendment" or "supplement" with respect to the Registration Statement, the Prospectus or the Prospectus Supplement shall be deemed to refer to and include the filing of any document under the Exchange Act after the effective date of the Registration Statement or the issue date of the Prospectus or Prospectus Supplement, as the case may be, deemed to be incorporated therein by reference pursuant to Item 12 of Form S-3 under the Act. (ii) The related Registration Statement, at the time it became effective, and the prospectus contained therein, and any amendments thereof and supplements thereto filed prior to the date of the related Terms Agreement, conformed in all material respects to the requirements of the Act and the rules and regulations of the Commission thereunder; on the date of the related Terms Agreement and on each Closing Date (as defined in Section 3 below), the related Registration Statement and the related Prospectus, and any amendments thereof and supplements thereto, will conform in all material respects to the requirements of the Act and the rules and regulations of the Commission thereunder; such Registration Statement, at the time it became effective, did not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; such Prospectus, on the date of any filing pursuant to Rule 424(b) and on each Closing Date, will not include any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they are made, not misleading; and the Detailed Description referred to in such Prospectus, on each Closing Date and the date of any filing thereof under cover of Form 8-K, will not include any untrue statement of a material fact or omit to state any information which such Prospectus states will be included in such Detailed Description; provided, however, that the Company makes no representations or warranties as to the information contained in or omitted from (A) such Registration Statement or such Prospectus (or any supplement thereto) in reliance upon and in conformity with written information furnished to the Company by or on behalf of the Underwriter specifically for use in the preparation thereof or (B) any Current Report (as defined in Section 5(b) below), or in any amendment thereof or supplement thereto, incorporated by reference in such Registration Statement or such - 3 - Prospectus (or any amendment thereof or supplement thereto). (iii) The Certificates of the related Series will conform to the description thereof contained in the related Prospectus; will each, if rated at the time of issuance in one of the two highest rating categories by a nationally recognized statistical rating organization, be when issued a "mortgage related security" as such term is defined in Section 3(a)(41) of the Exchange Act, and will each on the related Closing Date be duly and validly authorized, and, when validly executed, countersigned, issued and delivered in accordance with the related Pooling and Servicing Agreement and sold to you as provided herein and in the related Terms Agreement, will each be validly issued and outstanding and entitled to the benefits of the related Pooling and Servicing Agreement. (iv) Neither the issuance nor sale of the Certificates of the related Series nor the consummation of any other of the transactions herein contemplated, nor the fulfillment of the terms hereof or of the related Terms Agreement, will conflict with any statute, order or regulation applicable to the Company of any court, regulatory body, administrative agency or governmental body having jurisdiction over the Company or with any organizational document of the Company or any instrument or any agreement under which the Company is bound or to which it is a party. (v) This Agreement and the related Terms Agreement have been duly authorized, executed and delivered by the Company. (vi) At or prior to the related Closing Date, the Company will have entered into the related Pooling and Servicing Agreement and, assuming the due authorization, execution and delivery thereof by the Trustee, such Pooling and Servicing Agreement (on such Closing Date) will constitute the valid and binding agreement of the Company enforceable in accordance with its terms, subject as to enforceability, to bankruptcy, insolvency, reorganization or other similar laws affecting creditors' rights and to general principles of equity (regardless of whether the enforceability of such Pooling and Servicing Agreement is considered in a proceeding in equity or at law). 2. Purchase and Sale. Subject to the execution of the Terms Agreement for a particular Certificate Offering and - 4 - subject to the terms and conditions and in reliance upon the representations and warranties set forth in this Agreement and such Terms Agreement, the Company agrees to sell to the Underwriter, and the Underwriter agrees to purchase from the Company, all, but not less than all, of the related Offered Certificates at the purchase price therefor set forth in such Terms Agreement (the "Purchase Price"). The parties hereto agree that settlement for all securities sold pursuant to this Agreement and the applicable Terms Agreement shall take place on the settlement date agreed upon at the time of the related transaction and set forth as the "Closing Date" in such Terms Agreement and not as set forth in Rule 15c6-1(a) of the Exchange Act. 3. Delivery and Payment. Delivery of and payment for the Offered Certificates of a Series shall be made at the offices of Cleary, Gottlieb, Steen & Hamilton, New York, New York, at 10:00 A.M., New York City time, on the Closing Date specified in the related Terms Agreement, which date and time may be postponed by agreement between the Underwriter and the Company (such date and time being herein called the "Closing Date"). Delivery of such Offered Certificates shall be made to the Underwriter against payment by the Underwriter of the Purchase Price thereof to or upon the order of the Company by wire transfer in federal or other immediately available funds or by check payable in federal funds, as the Company shall specify no later than five full business days prior to such Closing Date. Unless delivery is made through the facilities of The Depository Trust Company, the Offered Certificates shall be registered in such names and in such authorized denominations as the Underwriter may request not less than two full business days in advance of each Closing Date. The Company agrees to notify the Underwriter at least two business days before each Closing Date of the exact principal balance evidenced by the Offered Certificates and to have such Offered Certificates available for inspection, checking and packaging in New York, New York, no later than 12:00 noon on the business day prior to such Closing Date. 4. Offering by the Underwriter. It is understood that the Underwriter proposes to offer the Offered Certificates of the related Series for sale to the public as set forth in the related Prospectus. 5. Agreements. The Company agrees with the Underwriter that: (a) The Company will cause the Prospectus as supplemented by a Prospectus Supplement relating to the Offered Certificates to be filed pursuant to Rule 424 under the Act and will promptly advise the Underwriter when such - 5 - Prospectus as so supplemented has been so filed, and prior to the termination of the Certificate Offering to which such Prospectus relates also will promptly advise the Underwriter (i) when any amendment to the related Registration Statement specifically relating to such Offered Certificates shall have become effective or any further supplement to such Prospectus has been filed, (ii) of any request by the Commission for any amendment of such Registration Statement or Prospectus or for any additional information, (iii) of the issuance by the Commission of any stop order suspending the effectiveness of such Registration Statement or the institution or threatening of any proceeding for that purpose and (iv) of the receipt by the Company of any written notification with respect to the suspension of the qualification of such Offered Certificates for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose. The Company will not file any amendment of the related Registration Statement or supplement to the related Prospectus (other than any amendment or supplement specifically relating to one or more Series of pass-through certificates other than the Series that includes the related Offered Certificates) unless the Company has furnished the Underwriter with a copy for its review prior to filing. The Company will use its best efforts to prevent the issuance of any such stop order and, if issued, to obtain as soon as possible the withdrawal thereof. (b) The Company will cause any Computational Materials and any Structural Term Sheets (each as defined in Section 8 below) with respect to the Offered Certificates of a Series that are delivered by the Underwriter to the Company pursuant to Section 8 to be filed with the Commission on a Current Report on Form 8-K (a "Current Report") pursuant to Rule 13a-11 under the Exchange Act on the business day immediately following the later of (i) the day on which such Computational Materials and Structural Term Sheets are delivered to counsel for the Company by the Underwriter prior to 10:30 a.m. and (ii) the date on which this Agreement is executed and delivered. The Company will cause one Collateral Term Sheet (as defined in Section 9 below) with respect to the Offered Certificates of a Series that is delivered by the Underwriter to the Company in accordance with the provisions of Section 9 to be filed with the Commission on a Current Report pursuant to Rule 13a-11 under the Exchange Act on the business day immediately following the day on which such Collateral Term Sheet is delivered to counsel for the Company by the Underwriter prior to 10:30 a.m. In addition, if at any time prior to the availability of the related Prospectus Supplement the Underwriter has delivered to any prospective investor a Collateral Term Sheet that reflects, in the reasonable - 6 - judgment of the Underwriter and the Company, a material change in the characteristics of the Mortgage Loans for the related Series from those on which a Collateral Term Sheet with respect to the related Series previously filed with the Commission was based, the Company will cause any such Collateral Term Sheet that is delivered by the Underwriter to the Company in accordance with the provisions of Section 9 to be filed with the Commission on a Current Report on the business day immediately following the day on which such Collateral Term Sheet is delivered to counsel for the Company by the Underwriter prior to 10:30 a.m. In each case, the Company will promptly advise the Underwriter when such Current Report has been so filed. Each such Current Report shall be incorporated by reference in the related Prospectus and the related Registration Statement. Notwithstanding the five preceding sentences, the Company shall have no obligation to file any materials provided by the Underwriter pursuant to Sections 8 and 9 which, in the reasonable determination of the Company after making reasonable efforts to consult with the Underwriter, are not required to be filed pursuant to the Kidder Letters or the PSA Letter (each as defined in Section 8 below), or which contain erroneous information or contain any untrue statement of a material fact or, when read in conjunction with the Prospectus and Prospectus Supplement, omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; it being understood, however, that the Company shall have no obligation to review or pass upon the accuracy or adequacy of, or to correct, any Computational Materials, Structural Term Sheets or Collateral Term Sheets provided by the Underwriter to the Company pursuant to Section 8 or Section 9 hereof. (c) If, at any time when a prospectus relating to the Offered Certificates of a Series is required to be delivered under the Act, any event occurs as a result of which the related Prospectus as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein in light of the circumstances under which they were made not misleading, or if it shall be necessary at any time to amend or supplement the related Prospectus to comply with the Act or the rules thereunder, the Company promptly will prepare and file with the Commission, subject to paragraph (a) of this Section 5, an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance; provided, however, that the Company will not be required to file any such amendment or supplement with respect to any Computational Materials, Structural Term Sheets or Collateral Term Sheets incorporated by reference in the - 7 - Prospectus other than any amendments or supplements of such Computational Materials or Structural Term Sheets that are furnished to the Company by the Underwriter pursuant to Section 8(d) hereof or any amendments or supplements of such Collateral Term Sheets that are furnished to the Company by the Underwriter pursuant to Section 9(d) hereof which the Company determines to file in accordance therewith. (d) The Company will furnish to the Underwriter and counsel for the Underwriter, without charge, as many signed copies of the related Registration Statement (including exhibits thereto) and, so long as delivery of a prospectus by the Underwriter or dealer may be required by the Act, as many copies of the related Prospectus and any supplements thereto (other than exhibits to the related Current Report) as the Underwriter may reasonably request. (e) The Company will furnish such information, execute such instruments and take such actions as may be reasonably requested by the Underwriter to qualify the Offered Certificates of a Series for sale under the laws of such jurisdictions as the Underwriter may designate, to maintain such qualifications in effect so long as required for the distribution of such Offered Certificates and to determine the legality of such Offered Certificates for purchase by institutional investors; provided, however, that the Company shall not be required to qualify to do business in any jurisdiction where it is not qualified on the date of the related Terms Agreement or to take any action which would subject it to general or unlimited service of process in any jurisdiction in which it is not, on the date of the related Terms Agreement, subject to such service of process. (f) So long as the Offered Certificates of a Series are outstanding, the Company will furnish to the Underwriter copies of the annual independent public accountants' servicing report furnished to the Trustee pursuant to Section 3.13 of the related Pooling and Servicing Agreement. (g) Whether or not the transactions contemplated hereby and by the related Terms Agreement shall be consummated, the Company shall be responsible for the payment of any costs and expenses for which details are submitted, in connection with the performance of its obligations under this Agreement and the related Terms Agreement, including, without limitation, (a) the cost and expenses of printing or otherwise reproducing the related Registration Statement or Prospectus, this Agreement, the related Terms Agreement, the related Pooling and Servicing Agreement and the Offered Certificates, and (b) the cost of delivering the related Offered Certificates to the office of - 8 - the Underwriter, insured to the satisfaction of the Underwriter (it being understood that, except as provided in this paragraph (f) and in Section 7 hereof, the Underwriter will pay all its own costs and expenses, including the fees of Brown & Wood, counsel for the Underwriter, transfer taxes on resale of any Offered Certificates by it, advertising expenses connected with any offers that it may make, the fees of KPMG Peat Marwick LLP with respect to its letters furnished pursuant to Section 6(i) of the Agreement and any letter furnished pursuant to the last sentence of Section 6(h) hereof and any other costs and expenses specified in the related Terms Agreement as "Additional Expenses"). 6. Conditions to the Obligations of the Underwriter. The obligations of the Underwriter to purchase the Offered Certificates of any Series shall be subject to the accuracy in all material respects of the representations and warranties on the part of the Company contained in this Agreement, as supplemented by the related Terms Agreement, as of the respective dates thereof and the related Closing Date, to the accuracy of the statements of the Company made in any applicable officers' certificates pursuant to the provisions hereof, to the performance by the Company of its obligations under this Agreement and such Terms Agreement and to the following additional conditions applicable to the related Certificate Offering: (a) No stop order suspending the effectiveness of the related Registration Statement shall have been issued and no proceedings for that purpose shall have been instituted or threatened. (b) Cleary, Gottlieb, Steen & Hamilton, counsel for the Company, shall have furnished to the Underwriter an opinion, dated the related Closing Date, to the effect that: (i) this Agreement and the related Terms Agreement have been duly executed and delivered by the Company under the law of the State of New York; (ii) the related Pooling and Servicing Agreement has been duly executed and delivered by the Company under the law of the State of New York and is a legal, valid and binding agreement of the Company enforceable against the Company in accordance with its terms; (iii) the Offered Certificates, when duly executed and countersigned by the Trustee in accordance with the related Pooling and Servicing Agreement, will be validly issued and outstanding and entitled to the benefits of such Pooling and Servicing Agreement; - 9 - (iv) the related Pooling and Servicing Agreement is not required to be qualified under the Trust Indenture Act of 1939, as amended, and the trust created thereunder is not required to be registered under the Investment Company Act of 1940, as amended; (v) such counsel confirms that (based solely upon telephone confirmation from a representative of the Commission) the related Registration Statement is effective under the Act and, to the best of such counsel's knowledge, no stop order with respect thereto has been issued, and no proceeding for that purpose has been instituted or threatened by the Commission; such Registration Statement (except the financial statements and schedules and other financial and statistical data included therein and the documents incorporated by reference therein, as to which such counsel need express no view), at the time it became effective and the related Prospectus (except the financial statements and schedules and the other financial and statistical data included therein, the documents incorporated by reference therein and the information included in the second sentence of the antepenultimate paragraph, the first sentence of the penultimate paragraph, and the last paragraph of the cover page of such Prospectus Supplement and in the second and fourth sentences of the first paragraph under the heading "Plan of Distribution" therein, as to which such counsel need express no view), as of the date of the Prospectus Supplement appeared on their face to be appropriately responsive in all material respects to the requirements of the Act and the rules and regulations thereunder; and no information has come to the attention of such counsel that causes it to believe that (A) such Registration Statement (except the financial statements and schedules and the other financial and statistical data included therein and the documents incorporated by reference therein, as to which such counsel need express no view) at the time it became effective, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not misleading or (B) such Prospectus or any amendment or supplement thereto (except the financial statements and schedules and the other financial and statistical data included therein, the documents incorporated by reference therein and the information included in the second sentence of the antepenultimate paragraph, the first sentence of the penultimate paragraph, and the last paragraph of the cover page of such Prospectus Supplement and in the second and fourth sentences of the first paragraph - 10 - under the heading "Plan of Distribution" therein, as to which such counsel need express no view), as of the date of the Prospectus Supplement, or at the related Closing Date, contained or contains an untrue statement of a material fact or omitted or omits to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; (vi) the statements set forth under the heading "Description of the Certificates" in the related Prospectus, insofar as such statements purport to summarize certain provisions of the related Pooling and Servicing Agreement and the related Offered Certificates, provide a fair summary of such provisions; (vii) the statements set forth in the related Prospectus under the headings "Certain Legal Aspects of the Mortgage Loans and Contracts -- The Mortgage Loans", "Certain Federal Income Tax Consequences" (insofar as they relate specifically to the purchase, ownership and disposition of the related Offered Certificates) and "ERISA Considerations" (insofar as they relate specifically to the purchase, ownership and disposition of such Offered Certificates), to the extent that they constitute matters of law or legal conclusions, provide a fair summary of such law or conclusions; (viii) assuming compliance with all provisions of the related Pooling and Servicing Agreement, for federal income tax purposes, (A) if any election is made to treat the assets of the Trust Fund as a REMIC: the related Trust Fund (and any specified subgrouping therein) will qualify as a REMIC pursuant to Section 860D of the Internal Revenue Code of 1986, as amended (the "Code"), each Class of Certificates of the related Series, other than the related Residual Class or Classes, will constitute a class of "regular interests" in the related REMIC within the meaning of the Code, and each Class of such Certificates specified in the related Prospectus as a Class of Residual Certificates will constitute the "residual interest" in the related REMIC within the meaning of the Code; (B) if no such REMIC election is made: the Trust Fund will be treated as a "grantor trust"; and (ix) assuming that some or all of the Offered Certificates of the related Series shall be rated at the time of issuance in one of the two highest rating categories by a nationally recognized - 11 - statistical rating organization, each Offered Certificate so rated will be at the time of issuance, a "mortgage related security" as such term is defined in Section 3(a)(41) of the Exchange Act. Such opinion may express its reliance as to factual matters on the representations and warranties made by, and on certificates or other documents furnished by, officers of the parties to this Agreement, the related Terms Agreement or the related Pooling and Servicing Agreement. Such opinion may assume the due authorization, execution and delivery of the instruments and documents referred to therein by the parties thereto other than the Company. Such opinion may be qualified, insofar as it concerns the enforceability of the documents referred to therein, to the extent that such enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights in general and by general equity principles (regardless of whether such enforcement is considered in a proceeding in equity or at law). Such opinion may be further qualified as expressing no opinion as to (x) the statements in the related Prospectus under the heading "Certain Legal Aspects of the Mortgage Loans and Contracts -- The Mortgage Loans" except insofar as such statements relate to the laws of the State of New York and the laws of the United States, and (y) the statements in such Prospectus under the headings "ERISA Considerations" and "Certain Federal Income Tax Consequences" except insofar as such statements relate to the laws of the United States. In addition, such opinion may be qualified as an opinion only on the laws of the State of New York and the federal laws of the United States of America. (c) The General Counsel for the Company shall have furnished to the Underwriter an opinion, dated the related Closing Date, to the effect that: (i) The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of New Jersey, with corporate power to own its properties, to conduct its business as described in the related Prospectus and to enter into and perform its obligations under this Agreement, the related Terms Agreement, the related Pooling and Servicing Agreement and the Certificates of the related Series; (ii) The Company has full power and authority to sell and service the related Mortgage Loans as contemplated herein and in the related Pooling and Servicing Agreement; - 12 - (iii) No consent, approval, authorization or order of any court or governmental agency or body is required for the consummation by the Company of the transactions contemplated herein or in the related Pooling and Servicing Agreement, except such as may be required under the blue sky laws of any jurisdiction and such other approvals as have been obtained; (iv) Neither the issuance of the Certificates of the related Series nor delivery of the related Offered Certificates, nor the consummation of any other of the transactions contemplated in this Agreement, the related Terms Agreement or the related Pooling and Servicing Agreement, nor the fulfillment of the terms of the related Certificates, the related Pooling and Servicing Agreement, this Agreement or the related Terms Agreement will conflict with or violate any term or provision of the articles of incorporation or by-laws of the Company or any statute, order or regulation applicable to the Company of any court, regulatory body, administrative agency or governmental body having jurisdiction over the Company and will not conflict with, result in a breach or violation or the acceleration of or constitute a default under the terms of any indenture or other agreement or instrument known to such counsel to which the Company is a party or by which it is bound; and (v) There are no actions, proceedings or investigations pending or, to the best knowledge of such counsel, threatened before any court, administrative agency or other tribunal (i) asserting the invalidity of this Agreement, the related Terms Agreement, the related Pooling and Servicing Agreement or the related Certificates, (ii) seeking to prevent the issuance of the Certificates of the related Series or the consummation by the Company of any of the transactions contemplated by this Agreement, such Terms Agreement or such Pooling and Servicing Agreement, or (iii) which might materially and adversely affect the performance by the Company of its obligations under, or the validity or enforceability of, this Agreement, such Terms Agreement, such Pooling and Servicing Agreement or the related Certificates. In rendering her opinion such counsel may rely as to matters of fact, to the extent deemed proper and as stated therein, on certificates of responsible officers of the Company or public officials. In addition, such opinion may be qualified as an opinion only on the laws of the State of New Jersey. - 13 - (d) The Underwriter shall have received from Brown & Wood, counsel for the Underwriter, such opinion or opinions, dated the related Closing Date, with respect to the issuance and sale of the Certificates of the related Series, the related Registration Statement, the related Prospectus and such other related matters as the Underwriter may reasonably require, and the Company shall have furnished to such counsel such documents as the Underwriter may reasonably request for the purpose of enabling them to pass upon such matters. (e) The Company shall have furnished to the Underwriter a certificate of the Company, signed by the President or any Vice President and the Senior Vice President-Finance or the principal financial or accounting officer of the Company, dated the related Closing Date, to the effect that the signers of such certificate have carefully examined the related Registration Statement (excluding any Current Reports and any other documents incorporated by reference therein), the related Prospectus, the Detailed Description referred to in such Prospectus (excluding any related Current Report), this Agreement and the related Terms Agreement and that: (i) the representations and warranties of the Company in this Agreement are true and correct in all material respects on and as of the related Closing Date with the same effect as if made on such Closing Date, and the Company has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to such Closing Date; (ii) no stop order suspending the effectiveness of such Registration Statement has been issued and no proceedings for that purpose have been instituted or, to their knowledge, threatened; and (iii) nothing has come to their attention that would lead them to believe that such Registration Statement (excluding any Current Report) contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading, that the related Prospectus (excluding any related Current Report) contains any untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, or that the Detailed Description referred to in such Prospectus includes any untrue statement of a material fact or - 14 - omits to state any information which the Prospectus states will be included in such Detailed Description. (f) Peabody & Arnold, counsel for the Trustee, shall have furnished to the Underwriter an opinion, dated the related Closing Date, to the effect that: (i) the Trustee has been duly incorporated and is validly existing as a corporation in good standing under the laws of the Commonwealth of Massachusetts with corporate power to own its properties and conduct its business as presently conducted by it, to conduct business as a trustee and to enter into and perform its obligations under the related Pooling and Servicing Agreement; (ii) the related Pooling and Servicing Agreement has been duly authorized, executed and delivered by the Trustee and constitutes the legal, valid and binding agreement of the Trustee enforceable against the Trustee in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization or other similar laws affecting the enforcement of creditors' rights generally and to judicial discretion, and general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law); (iii) the Trustee has duly accepted its appointment as trustee under the related Pooling and Servicing Agreement; (iv) no consent, approval, authorization or order of any Massachusetts or federal court or government agency or body is required on the part of the Trustee for the consummation of the transactions contemplated in the related Pooling and Servicing Agreement, except such as may be required under any federal or state securities law; and (v) the performance on the part of the Trustee of any of the transactions contemplated in the related Pooling and Servicing Agreement does not conflict with or result in a breach or violation of any term or provision of, or constitute a default under, the Articles of Organization, as amended, or By-Laws of the Trustee, or any Massachusetts or federal statute or regulation applicable to the Trustee, or to such counsel's knowledge, any indenture or other agreement or instrument to which the Trustee is a party or by which it is bound, or, to such counsel's knowledge, any order of any state or federal court, regulatory body, - 15 - administrative agency or governmental body having jurisdiction over the Trustee. In addition, such counsel shall furnish to the Underwriter such opinions as to the treatment of the Trust Fund for purposes of Massachusetts tax law as are reasonably satisfactory to the Underwriter. (g) KPMG Peat Marwick LLP shall have furnished to the Underwriter a letter, dated as of the date of the related Terms Agreement, in form and substance satisfactory to the Underwriter, stating in effect that they have performed certain specified procedures as a result of which they have determined that such information as the Underwriter may reasonably request of an accounting, financial or statistical nature (which is limited to accounting, financial or statistical information derived from the general accounting records of the Company) set forth in the related Prospectus Supplement under the caption "Delinquency and Foreclosure Experience of the Company" agrees with the accounting records of the Company, excluding any questions of legal interpretation. (h) KPMG Peat Marwick LLP shall have furnished to the Underwriter a letter, dated as of the related Closing Date, in form and substance satisfactory to the Underwriter, stating in effect that they have performed certain specified procedures as a result of which they have determined that such information as the Underwriter may reasonably request of an accounting, financial or statistical nature (which is limited to accounting, financial or statistical information derived from the general accounting records of the Company and which is obtained from an analysis of a sample of the Mortgage Loans included in the related pool) set forth in the related Prospectus Supplement under the caption "Description of the Mortgage Pool and the Mortgaged Properties" or "Description of the Mortgage Pools and the Mortgaged Properties", as the case may be, and in the Detailed Description relating to such Prospectus Supplement is mutually consistent and agrees with the accounting records of the Company and, where applicable, the related Mortgage Loan files of the Company, excluding any questions of legal interpretation. In addition, if applicable, such accountants shall have furnished to the Underwriter a letter, dated as of the related Closing Date, which shall include a statement or statements to the effect that based upon the assumptions and methodology agreed to by the Company (and which is consistent with the manner in which any final PAC Balances, TAC Balances, Scheduled Balances, Maximum and Minimum Scheduled Balances or any other scheduled balances are to be calculated as set forth in the related Prospectus), all of which shall be described by - 16 - reference in such letter, such accountants shall have verified the mathematical accuracy of any final PAC Balances Table, TAC Balances Table, Scheduled Balances Table, Maximum or Minimum Scheduled Balances Table or other scheduled balances table attached as an exhibit to the related Pooling and Servicing Agreement. (i) KPMG Peat Marwick LLP shall have furnished to the Underwriter and the Company a letter or letters, dated as of the date of the related Terms Agreement, in form and substance satisfactory to the Underwriter and the Company, including, without limitation, statements, if applicable, to the effect that: (i) based upon the assumptions and methodology set forth in the related Prospectus, all of which shall be described by reference in such letter, they recomputed the percentages of initial principal balance outstanding as of each of the Distribution Dates (as defined in such Prospectus) indicated and the weighted average lives of each Class of Offered Certificates at each of the indicated percentages of the applicable Prepayment Assumption, and they compared the recomputed percentages and weighted average lives to the corresponding percentages and weighted average lives set forth in the related tables and found them to be in agreement; (ii) based upon the assumptions and methodology set forth in such Prospectus, all of which shall be described by reference in such letter, they have verified the mathematical accuracy of any Scheduled Final Distribution Dates for the Offered Certificates, PAC Balances, TAC Balances, Scheduled Balances, Maximum and Minimum Scheduled Balances or any other scheduled balances set forth in such Prospectus for each indicated Distribution Date, and have verified the mathematical accuracy of any initial Effective Ranges of any PAC Certificates, Scheduled Certificates or other scheduled Certificates set forth in such Prospectus; and (iii) based upon the assumptions and methodology set forth in such Prospectus, all of which shall be described by reference in such letter, they have verified the mathematical accuracy of the pre-tax yields to maturity and, if applicable, aggregate cash flows of any Class of Certificates for which such pre-tax yields and, if applicable, aggregate cash flows are set forth in such Prospectus at the indicated percentages of the Prepayment Assumption and, if - 17 - applicable, at the indicated values of COFI, LIBOR or any other index, as applicable. (j) The Offered Certificates of the related Series shall have received the ratings specified in the related Terms Agreement (the "Required Ratings"). (k) Prior to the related Closing Date, the Company shall have furnished to the Underwriter such further information, certificates and documents as the Underwriter may reasonably request. (l) If any Certificates of the related Series are to be sold to any other underwriter and/or offered in reliance upon an exemption from the registration requirements of the Act, the sale at or prior to the related Closing Date of such Certificates to the purchaser thereof shall have occurred. (m) Subsequent to the date of the related Terms Agreement, there shall not have been any change, or any development involving a prospective change, in or affecting the business or properties of the Company which the Underwriter concludes in its judgment, after consultation with the Company, materially impairs the investment quality of the Offered Certificates of the related Series so as to make it impractical or inadvisable to proceed with the public offering or the delivery of such Offered Certificates as contemplated by the related Prospectus. If any of the conditions specified in this Section 6 shall not have been fulfilled in all material respects with respect to the particular Offered Certificates of a Series when and as provided in this Agreement and the related Terms Agreement, or if any of the opinions and certificates mentioned above or elsewhere in this Agreement and the related Terms Agreement shall not be in all material respects reasonably satisfactory in form and substance to the Underwriter and its counsel, this Agreement (with respect to the related Offered Certificates) and the related Terms Agreement and all obligations of the Underwriter hereunder (with respect to the related Offered Certificates) and thereunder may be canceled at, or at any time prior to, the related Closing Date by the Underwriter. Notice of such cancellation shall be given to the Company in writing, or by telephone or telegraph confirmed in writing. 7. Indemnification and Contribution. (a) The Company agrees to indemnify and hold harmless the Underwriter and each person who controls the Underwriter within the meaning of the Act or the Exchange Act against any and all losses, claims, damages or liabilities, joint or several, to which they or any of them may become subject under the Act, the Exchange Act, or other - 18 - Federal or state statutory law or regulation, at common law or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement relating to the Offered Certificates of the applicable Series as it became effective or in any amendment or supplement thereof, or in such Registration Statement or the related Prospectus, or in any amendment thereof, or in the Detailed Description referred to in such Prospectus or arise out of or are based upon the omission or alleged omission (in the case of any Computational Materials and ABS Term Sheets (as defined in Section 9 below) in respect of which the Company agrees to indemnify the Underwriter, as set forth below, when such are read in conjunction with the related Prospectus and Prospectus Supplement) to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and agrees to reimburse each such indemnified party for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that (i) the Company will not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon any such untrue statement or alleged untrue statement or omission or alleged omission made therein (A) in reliance upon and in conformity with written information furnished to the Company as herein stated by or on behalf of the Underwriter specifically for use in connection with the preparation thereof or (B) in any Current Report or any amendment or supplement thereof, except to the extent that any untrue statement or alleged untrue statement therein or omission therefrom results (or is alleged to have resulted) directly from an error (a "Mortgage Pool Error") in the information concerning the characteristics of the Mortgage Loans furnished by the Company to the Underwriter in writing or by electronic transmission that was used in the preparation of either (x) any Computational Materials or ABS Term Sheets (or amendments or supplements thereof) included in such Current Report (or amendment or supplement thereof) or (y) any written or electronic materials furnished to prospective investors on which the Computational Materials (or amendments or supplements) were based, (ii) such indemnity with respect to any Corrected Statement (as defined below) in such Prospectus (or supplement thereto) shall not inure to the benefit of the Underwriter (or any person controlling the Underwriter) from whom the person asserting any loss, claim, damage or liability purchased the Certificates of the related Series that are the subject thereof if such person did not receive a copy of a supplement to such Prospectus at or prior to the confirmation of the sale of such Certificates and the untrue statement or omission of a material fact contained in such Prospectus (or supplement thereto) was corrected (a "Corrected Statement") in such other supplement and such supplement was furnished by the Company to the Underwriter - 19 - prior to the delivery of such confirmation, and (iii) such indemnity with respect to any Mortgage Pool Error shall not inure to the benefit of the Underwriter (or any person controlling the Underwriter) from whom the person asserting any loss, claim, damage or liability received any Computational Materials or ABS Term Sheets (or any written or electronic materials on which the Computational Materials are based) that were prepared on the basis of such Mortgage Pool Error, if, prior to the time of confirmation of the sale of the applicable Certificates to such person, the Company notified the Underwriter in writing of the Mortgage Pool Error or provided in written or electronic form information superseding or correcting such Mortgage Pool Error (in any such case, a "Corrected Mortgage Pool Error"), and the Underwriter failed to notify such person thereof or to deliver to such person corrected Computational Materials (or underlying written or electronic materials) or ABS Term Sheets. This indemnity agreement will be in addition to any liability which the Company may otherwise have. (b) The Underwriter agrees to indemnify and hold harmless the Company, each of its directors, each of its officers who signs the Registration Statement relating to the Offered Certificates of the applicable Series, and each person who controls the Company within the meaning of the Act or the Exchange Act to the same extent as the foregoing indemnities from the Company to the Underwriter, but only with reference to (A) written information furnished to the Company by or on behalf of the Underwriter specifically for use in the preparation of the documents referred to in the foregoing indemnity with respect to the related Series, or (B) any Computational Materials or ABS Term Sheets (or amendments or supplements thereof) furnished to the Company by the Underwriter pursuant to Section 8 or Section 9 and incorporated by reference in such Registration Statement or the related Prospectus or any amendment or supplement thereof (except that no such indemnity shall be available for any losses, claims, damages or liabilities, or actions in respect thereof resulting from any Mortgage Pool Error, other than a Corrected Mortgage Pool Error). This indemnity agreement will be in addition to any liability which the Underwriter may otherwise have. The Company acknowledges that the statements set forth in the second sentence of the ante-penultimate paragraph, the first sentence of the penultimate paragraph, and in the last paragraph appearing on the cover page of the related Prospectus Supplement as such statements relate to such Offered Certificates and the second sentence of the first paragraph under the heading "Plan of Distribution" in such Prospectus Supplement as such statements relate to such Offered Certificates constitute the only information furnished in writing by or on behalf of the Underwriter for inclusion in the related Prospectus (other than any Computational Materials or ABS Term Sheets (or amendments or supplements thereof) furnished to the Company by the - 20 - Underwriter), and the Underwriter confirms that such statements are correct. (c) Promptly after receipt by an indemnified party under Section 7 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this Section 7, notify the indemnifying party in writing of the commencement thereof; but the omission so to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party otherwise than under this Section 7. In case any such action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate therein, and to the extent that it may elect by written notice delivered to the indemnified party promptly after receiving the aforesaid notice from such indemnified party, to assume the defense thereof, with counsel satisfactory to such indemnified party; provided, however, that if the defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that there may be legal defenses available to it and/or other indemnified parties which are different from or additional to those available to the indemnifying party, the indemnified party or parties shall have the right to select separate counsel to assert such legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified party or parties. Upon receipt of notice from the indemnifying party to such indemnified party of its election so to assume the defense of such action and approval by the indemnified party of counsel, the indemnifying party will not be liable to such indemnified party under this Section 7 for any legal or other expenses subsequently incurred by such indemnified party in connection with the defense thereof unless (i) the indemnified party shall have employed separate counsel in connection with the assertion of legal defenses in accordance with the proviso to the next preceding sentence (it being understood, however, that the indemnifying party shall not be liable for the expenses of more than one separate counsel approved by the indemnified party in the case of subparagraph (a) or (b), representing the indemnified parties under subparagraph (a) or (b), who are parties to such action), (ii) the indemnifying party shall not have employed counsel satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of commencement of the action or (iii) the indemnifying party has authorized the employment of counsel for the indemnified party at the expense of the indemnifying party; and except that, if clause (i) or (iii) is applicable, such liability shall be only in respect of the counsel referred to in such clause (i) or (iii). (d) If the indemnification provided for in paragraph (a) or (b) of this Section 7 is due in accordance with its terms - 21 - but is for any reason held by a court to be unavailable from the Company or the Underwriter, on grounds of policy or otherwise, or if the indemnified party failed to give notice under paragraph (c) of this Section 7 in respect of a claim otherwise subject to indemnification in accordance with paragraph (a) or (b) of this Section 7, the Company and the Underwriter shall contribute to the aggregate losses, claims, damages and liabilities (including legal and other expenses reasonably incurred in connection with investigating or defending same) to which the Company and the Underwriter may be subject, as follows: (i) in the case of any losses, claims, damages and liabilities (or actions in respect thereof) which do not arise out of or are not based upon any untrue statement or omission of a material fact in any Computational Materials or ABS Term Sheets (or any amendments or supplements thereof), in such proportion so that the Underwriter is responsible for that portion represented by the difference between the proceeds to the Company in respect of the Offered Certificates appearing on the cover page of the Prospectus Supplement for the related Series and the total proceeds received by the Underwriter from the sale of such Offered Certificates (the "Underwriting Discount"), and the Company is responsible for the balance; provided, however, that in no case shall the Underwriter be responsible under this subparagraph (i) for any amount in excess of such Underwriting Discount applicable to the Offered Certificates purchased by the Underwriter pursuant to this Agreement and the related Terms Agreement; and (ii) in the case of any losses, claims, damages and liabilities (or actions in respect thereof) which arise out of or are based upon any untrue statement or omission of a material fact in any Computational Materials or ABS Term Sheets (or any amendments or supplements thereof) or in any written or electronic materials on which the Computational Materials are based, in such proportion as is appropriate to reflect the relative fault of the Company on the one hand and the Underwriter on the other in connection with the statements or omissions which resulted in such losses, claims, damages or liabilities (or actions in respect thereof) as well as any other relevant equitable considerations. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact in such Computational Materials or ABS Term Sheets (or any amendments or supplements thereof or such written or electronic materials) results from information prepared by the Company on the one hand or the Underwriter on the other and the parties' relative intent, knowledge, access to - 22 - information and opportunity to correct or prevent such statement or omission. Notwithstanding anything to the contrary in this Section 7(d), no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this Section 7, each person who controls the Underwriter within the meaning of either the Act or the Exchange Act shall have the same rights to contribution as the Underwriter, and each person who controls the Company within the meaning of either the Act or the Exchange Act, each officer of the Company who shall have signed the Registration Statement and each director of the Company shall have the same rights to contribution as the Company, subject in each case to the immediately preceding sentence of this paragraph (d). 8. Computational Materials and Structural Term Sheets. (a) Not later than 10:30 a.m., New York time, on the business day before the date on which the Current Report relating to the Offered Certificates of a Series is required to be filed by the Company with the Commission pursuant to Section 5(b) hereof, the Underwriter shall deliver to the Company five complete copies of all materials provided by the Underwriter to prospective investors in such Offered Certificates which constitute (i) "Computational Materials" within the meaning of the no-action letter dated May 20, 1994 issued by the Division of Corporation Finance of the Commission to Kidder, Peabody Acceptance Corporation I, Kidder, Peabody & Co. Incorporated, and Kidder Structured Asset Corporation and the no-action letter dated May 27, 1994 issued by the Division of Corporation Finance of the Commission to the Public Securities Association (together, the "Kidder Letters"), the filing of which material is a condition of the relief granted in such letter (such materials being the "Computational Materials"), and (ii) "Structural Term Sheets" within the meaning of the no-action letter dated February 17, 1995 issued by the Division of Corporation Finance of the Commission to the Public Securities Association (the "PSA Letter"), the filing of which material is a condition of the relief granted in such letter (such materials being the "Structural Term Sheets"). Each delivery of Computational Materials and Structural Term Sheets to the Company pursuant to this paragraph (a) shall be effected by delivering four copies of such materials to counsel for the Company on behalf of the Company at the address specified in Section 3 hereof and one copy of such materials to the Company. (b) The Underwriter represents and warrants to and agrees with the Company, as of the date of the related Terms Agreement and as of the Closing Date, that: - 23 - (i) the Computational Materials furnished to the Company pursuant to Section 8(a) constitute (either in original, aggregated or consolidated form) all of the materials furnished to prospective investors by the Underwriter prior to the time of delivery thereof to the Company that are required to be filed with the Commission with respect to the related Offered Certificates in accordance with the Kidder Letters, and such Computational Materials comply with the requirements of the Kidder Letters; (ii) the Structural Term Sheets furnished to the Company pursuant to Section 8(a) constitute all of the materials furnished to prospective investors by the Underwriter prior to the time of delivery thereof to the Company that are required to be filed with the Commission as "Structural Term Sheets" with respect to the related Offered Certificates in accordance with the PSA Letter, and such Structural Term Sheets comply with the requirements of the PSA Letter; (iii) on the date any such Computational Materials or Structural Term Sheets with respect to such Offered Certificates (or any written or electronic materials furnished to prospective investors on which the Computational Materials are based) were last furnished to each prospective investor and on the date of delivery thereof to the Company pursuant to Section 8(a) and on the related Closing Date, such Computational Materials (or such other materials) or Structural Term Sheets did not and will not include any untrue statement of a material fact or, when read in conjunction with the related Prospectus and Prospectus Supplement, omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; (iv) the Underwriter has not represented to any prospective investor that any Computational Materials or Structural Term Sheets with respect to any Series were prepared or disseminated on behalf of the Company, and, from and after January 26, 1996, all Computational Materials and Structural Term Sheets furnished to prospective investors (and all written and electronic materials furnished to prospective investors on which the Computational Materials are based) included a disclaimer to the effect set forth in Section 8(c); and (v) at the time any Computational Materials (or any written or electronic materials furnished to prospective investors on which the Computational Materials are based) with respect to such Offered - 24 - Certificates were furnished to a prospective investor and on the date of the related Terms Agreement, the Underwriter possessed, and on the date of delivery of such materials to the Company pursuant to this Section 8 and on the related Closing Date, the Underwriter will possess, the capability, knowledge, expertise, resources and systems of internal control necessary to ensure that such Computational Materials conform to the representations and warranties of the Underwriter contained in subparagraphs (i) and (iii) above of this paragraph (b). Notwithstanding the foregoing, the Underwriter makes no representation or warranty as to whether any Computational Materials or Structural Term Sheets (or any written or electronic materials on which the Computational Materials are based) included or will include any untrue statement resulting directly from any Mortgage Pool Error (except any Corrected Mortgage Pool Error, with respect to materials prepared after the receipt by the Underwriter from the Company of notice of such Corrected Mortgage Pool Error or materials superseding or correcting such Corrected Mortgage Pool Error). (c) The Underwriter acknowledges and agrees that the Company has not authorized and will not authorize the distribution of any Computational Materials (or any written or electronic materials on which the Computational Materials are based) or Structural Term Sheets to any prospective investor, and agrees that any Computational Materials or Structural Term Sheets with respect to any Series of Certificates furnished to prospective investors from and after the date hereof shall include a disclaimer in form satisfactory to the Company to the effect that such materials have been prepared and disseminated solely by and on behalf of the Underwriter, and that the Company has not reviewed or participated in the preparation or dissemination of such materials and is not responsible for the contents or accuracy thereof. The Underwriter agrees that it will not represent to prospective investors that any Computational Materials or Structural Term Sheets were prepared or disseminated on behalf of the Company. (d) If, at any time when a prospectus relating to the Offered Certificates of a Series is required to be delivered under the Act, it shall be necessary to amend or supplement the related Prospectus as a result of an untrue statement of a material fact contained in any Computational Materials or Structural Term Sheets provided by the Underwriter pursuant to this Section 8 or the omission to state therein a material fact required, when considered in conjunction with the related Prospectus and Prospectus Supplement, to be stated therein or necessary to make the statements therein, when read in conjunction with the related Prospectus and Prospectus - 25 - Supplement, not misleading, or if it shall be necessary to amend or supplement any Current Report relating to any Computational Materials or Structural Term Sheets to comply with the Act or the rules thereunder, the Underwriter promptly will prepare and furnish to the Company for filing with the Commission an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Underwriter represents and warrants to the Company, as of the date of delivery of such amendment or supplement to the Company, that such amendment or supplement will not include any untrue statement of a material fact or, when read in conjunction with the related Prospectus and Prospectus Supplement, omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. The Company shall have no obligation to file such amendment or supplement if the Company determines that (i) such amendment or supplement contains any untrue statement of a material fact or, when read in conjunction with the related Prospectus and Prospectus Supplement, omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading; it being understood, however, that the Company shall have no obligation to review or pass upon the accuracy or adequacy of, or to correct, any such amendment or supplement provided by the Underwriter to the Company pursuant to this paragraph (e) or (ii) such filing is not required under the Act. 9. Collateral Term Sheets. (a) Prior to the delivery of any "Collateral Term Sheet" within the meaning of the PSA Letter, the filing of which material is a condition of the relief granted in such letter (such material being the "Collateral Term Sheets"), to a prospective investor in any Offered Certificates, the Underwriter shall, in order to facilitate the timely filing of such material with the Commission, notify the Company and its counsel by telephone of its intention to deliver such materials and the approximate date on which the first such delivery of such materials is expected to occur. Not later than 10:30 a.m., New York time, on the business day immediately following the date on which any Collateral Term Sheet was first delivered to a prospective investor in such Offered Certificates, the Underwriter shall deliver to the Company five complete copies of all materials provided by the Underwriter to prospective investors in such Offered Certificates which constitute "Collateral Term Sheets." Each delivery of a Collateral Term Sheet to the Company pursuant to this paragraph (a) shall be effected by delivering four copies of such materials to counsel for the Company on behalf of the Company at the address specified in Section 3 hereof and one copy of such materials to the Company. (Collateral Term Sheets and Structural Term Sheets are, together, referred to herein as "ABS Term Sheets.") At the time of each such delivery, the Underwriter shall indicate in writing that the materials being delivered constitute Collateral Term Sheets, and, if there has been any - 26 - prior such delivery with respect to the related Series, shall indicate whether such materials differ in any material respect from any Collateral Term Sheets previously delivered to the Company with respect to such Series pursuant to this Section 9(a) as a result of the occurrence of a material change in the characteristics of the related Mortgage Loans. (b) The Underwriter represents and warrants to and agrees with the Company as of the date of the related Terms Agreement and as of the Closing Date, that: (i) The Collateral Term Sheets furnished to the Company pursuant to Section 9(a) constitute all of the materials furnished to prospective investors by the Underwriter prior to time of delivery thereof to the Company that are required to be filed with the Commission as "Collateral Term Sheets" with respect to the related Offered Certificates in accordance with the PSA Letter, and such Collateral Term Sheets comply with the requirements of the PSA Letter; (ii) On the date any such Collateral Term Sheets with respect to such Offered Certificates were last furnished to each prospective investor and on the date of delivery thereof to the Company pursuant to Section 9(a) and on the related Closing Date, such Collateral Term Sheets did not and will not include any untrue statement of a material fact or, when read in conjunction with the Prospectus and Prospectus Supplement, omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; and (iii) the Underwriter has not represented to any prospective investor that any Collateral Term Sheets with respect to any Series were prepared or disseminated on behalf of the Company, and, except as otherwise disclosed by the Underwriter to the Company in writing prior to the date hereof, all Collateral Term Sheets previously furnished to prospective investors included a disclaimer to the effect set forth in Section 8(c). Notwithstanding the foregoing, the Underwriter makes no representation or warranty as to whether any Collateral Term Sheet included or will include any untrue statement or material omission resulting directly from any Mortgage Pool Error (except any Corrected Mortgage Pool Error, with respect to materials prepared after the receipt by the Underwriter from the Company of notice of such Corrected Mortgage Pool Error or materials superseding or correcting such Corrected Mortgage Pool Error). (c) The Underwriter acknowledges and agrees that any Collateral Term Sheets with respect to any Series of Certificates - 27 - furnished to prospective investors from and after the date hereof shall include a disclaimer in form satisfactory to the Company to the effect set forth in Section 8(c) hereof, and to the effect that the information contained in such materials supersedes the information contained in any prior Collateral Term Sheet with respect to such Series of Offered Certificates and will be superseded by the description of the related Mortgage Loans in the related Prospectus Supplement and in the Detailed Description relating to such Prospectus Supplement to be filed under cover of Form 8-K. The Underwriter agrees that it will not represent to prospective investors that any Collateral Term Sheets were prepared or disseminated on behalf of the Company. (d) If, at any time when a prospectus relating to the Offered Certificates of a Series is required to be delivered under the Act, it shall be necessary to amend or supplement the related Prospectus as a result of an untrue statement of a material fact contained in any Collateral Term Sheets provided by the Underwriter pursuant to this Section 9 or the omission to state therein a material fact required, when considered in conjunction with the related Prospectus and Prospectus Supplement, to be stated therein or necessary to make the statements therein, when read in conjunction with the related Prospectus and Prospectus Supplement, not misleading, or if it shall be necessary to amend or supplement any Current Report relating to any Collateral Term Sheets to comply with the Act or the rules thereunder, the Underwriter promptly will prepare and furnish to the Company for filing with the Commission an amendment or supplement which will correct such statement or omission or an amendment which will effect such compliance. The Underwriter represents and warrants to the Company, as of the date of delivery of such amendment or supplement to the Company, that such amendment or supplement will not include any untrue statement of a material fact or, when read in conjunction with the related Prospectus and Prospectus Supplement, omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading; provided, however, that the Underwriter makes no representation or warranty as to whether any such amendment or supplement will include any untrue statement resulting directly from any Mortgage Pool Error (except any Corrected Mortgage Pool Error, with respect to any such amendment or supplement prepared after the receipt by the Underwriter from the Company of notice of such Corrected Mortgage Pool Error or materials superseding or correcting such Corrected Mortgage Pool Error). The Company shall have no obligation to file such amendment or supplement if the Company determines that (i) such amendment or supplement contains any untrue statement of a material fact or, when read in conjunction with the related Prospectus and Prospectus Supplement, omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading; it being understood, however, that the Company shall have no obligation to review or pass upon - 28 - the accuracy or adequacy of, or to correct, any such amendment or supplement provided by the Underwriter to the Company pursuant to this paragraph (d) or (ii) such filing is not required under the Act. 10. Termination. This Agreement (with respect to a particular Certificate Offering) and the related Terms Agreement shall be subject to termination in the absolute discretion of the Underwriter, by notice given to the Company prior to delivery of and payment for the related Offered Certificates, if prior to the related Closing Date (i) trading in securities generally on the New York Stock Exchange shall have been suspended or materially limited, (ii) a general moratorium on commercial banking activities in New York shall have been declared by either federal or New York State authorities, or (iii) there shall have occurred any outbreak or material escalation of hostilities or other calamity or crisis the effect of which on the financial markets of the United States is such as to make it, in the reasonable judgment of the Underwriter, impracticable to market such Offered Certificates. 11. Representations and Indemnities to Survive Delivery. The agreements, representations, warranties, indemnities and other statements of the Company or its officers and of the Underwriter set forth in or made pursuant to this Agreement and the related Terms Agreement will remain in full force and effect, regardless of any investigation made by or on behalf of the Underwriter or the Company or any of the officers, directors or controlling persons referred to in Section 7 hereof, and will survive delivery of and payment for the related Offered Certificates. The provisions of Section 7 hereof shall survive the termination or cancellation of this Agreement and the related Terms Agreement. 12. Successors. This Agreement and the related Terms Agreement will inure to the benefit of and be binding upon the parties hereto and thereto and their respective successors and the officers, directors and controlling persons referred to in Section 7 hereof, and their successors and assigns, and no other person will have any right or obligation hereunder or thereunder. No purchaser of any Offered Certificate from the Underwriter shall be deemed a successor or assign by reason of such purchase. 13. APPLICABLE LAW. THIS AGREEMENT AND THE RELATED TERMS AGREEMENT WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED THEREIN. 14. Miscellaneous. This Agreement, as supplemented by the related Terms Agreement, supersedes all prior and contemporaneous agreements and understandings relating to the subject matter hereof. This Agreement and the related Terms - 29 - Agreement or any term of each may not be changed, waived, discharged or terminated except by an affirmative written agreement made by the party against whom enforcement of the change, waiver, discharge or termination is sought. The headings in this Agreement and the related Terms Agreement are for purposes of reference only and shall not limit or otherwise affect the meaning hereof or thereof. 15. Notices. All communications hereunder will be in writing and effective only on receipt, and, if sent to the Underwriter, will be delivered to it at the address first above written; or if sent to the Company, will be delivered to GE Capital Mortgage Services, Inc., Three Executive Campus, Cherry Hill, New Jersey 08002, Attention: General Counsel. If the foregoing is in accordance with your understanding of our agreement, please sign and return to the undersigned a counterpart hereof, whereupon this letter and your acceptance shall represent a binding agreement between the Company and the Underwriter. Very truly yours, GE CAPITAL MORTGAGE SERVICES, INC. By: Name: Title: The foregoing Agreement is hereby confirmed and accepted as of the date first above written. DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION By: Name: Title: - 31 - EXHIBIT A GE CAPITAL MORTGAGE SERVICES, INC. REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES SERIES ____-__ TERMS AGREEMENT (to Underwriting Agreement, dated March [ ], 1996 between the Company and the Underwriter) GE Capital Mortgage Services, Inc. New York, New York Three Executive Campus [Date] Cherry Hill, NJ 08034 Donaldson, Lufkin & Jenrette Securities Corporation (the "Underwriter") agrees, subject to the terms and provisions herein and of the captioned Underwriting Agreement (the "Underwriting Agreement"), to purchase such Classes of Series ____-__ Certificates specified in Section 2(a) hereof (the "Offered Certificates"). This letter supplements and modifies the Underwriting Agreement solely as it relates to the purchase and sale of the Offered Certificates described below. The Series ____-__ Certificates are registered with the Securities and Exchange Commission by means of an effective Registration Statement (No. 33-___). Capitalized terms used and not defined herein have the meanings given them in the Underwriting Agreement. Section 1. The Mortgage Pool: The Series ____-__ Certificates shall evidence the entire beneficial ownership interest in a mortgage pool (the "Mortgage Pool") of conventional, fixed rate, fully amortizing one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of ________ __, ____ (the "Cut-off Date"): (a) Aggregate Principal Amount of the Mortgage Pool: $[ ] aggregate principal balance as of the Cutoff Date, subject to [an upward or downward variance of up to [ ]%, the precise aggregate principal balance to be determined by the Company][a permitted variance such that the aggregate Scheduled Principal Balance thereof will be not less than $[ ] or greater than $[ ]]. (b) Original Terms to Maturity: The original term to maturity of each Mortgage Loan included in the Mortgage Pool shall be between ___ and ___ years. A-1 Section 2. The Certificates: The Offered Certificates shall be issued as follows: (a) Classes: The Offered Certificates shall be issued with the following Class designations, interest rates and principal balances, subject in the aggregate to the variance referred to in Section 1(a)[and, as to any particular Class, to an upward or downward variance of up to [ ]%]: Principal Interest Class Purchase Class Balance Rate Price Percentage (b) The Offered Certificates shall have such other characteristics as described in the related Prospectus. Section 3. Purchase Price: The Purchase Price for each Class of the Offered Certificates shall be the Class Purchase Price Percentage therefor (as set forth in Section 2(a) above) of the initial Class Certificates Principal Balance thereof plus accrued interest at the rate of [ ]% per annum from and including the Cut-off Date up to, but not including, _________ __, ____ (the "Closing Date"). Section 4. Required Ratings: The Offered Certificates shall have received Required Ratings of at least [ ] from [ ]. Section 5. Tax Treatment: [One or more elections will be made to treat the assets of the Trust Fund as a REMIC.] [The Trust Fund will be treated as a "grantor trust" for federal income tax purposes.] [Section 6. Additional Expenses:]* - -------- * to be inserted if applicable. A-2 If the foregoing is in accordance with your understanding of our agreement, please sign and return to the undersigned a counterpart hereof, whereupon this letter and your acceptance shall represent a binding agreement between the Underwriter and the Company. Very truly yours, DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION By: Name: Title: The foregoing Agreement is hereby confirmed and accepted as of the date first above written. GE CAPITAL MORTGAGE SERVICES, INC. By: Name: Title: A-3 EX-1.1 3 Draft 3/24/98 GE CAPITAL MORTGAGE SERVICES, INC. REMIC MULTI-CLASS PASS-THROUGH CERTIFICATES SERIES 1998-5 TERMS AGREEMENT --------------- (to Underwriting Agreement, dated March 21, 1996, between the Company and the Underwriter) GE Capital Mortgage Services, Inc. New York, New York Three Executive Campus March 24, 1998 Cherry Hill, NJ 08002 Donaldson, Lufkin & Jenrette Securities Corporation (the "Underwriter") agrees, subject to the terms and provisions herein and of the captioned Underwriting Agreement (the "Underwriting Agreement"), to purchase the Classes of Series 1998-5 Certificates specified in Section 2(a) hereof (the "Offered Certificates"). This Terms Agreement supplements and modifies the Underwriting Agreement solely as it relates to the purchase and sale of the Offered Certificates described below. The Series 1998-5 Certificates are registered with the Securities and Exchange Commission by means of an effective Registration Statement (No. 333-43755). Capitalized terms used and not defined herein have the meanings given them in the Underwriting Agreement. Section 1. The Mortgage Pool: The Series 1998-5 Certificates shall evidence the entire beneficial ownership interest in a mortgage pool (the "Mortgage Pool") of conventional, fixed-rate, first-lien, fully-amortizing, one- to four-family residential mortgage loans (the "Mortgage Loans") having the following characteristics as of March 1, 1998 (the "Cut-off Date"): (a) Aggregate Principal Amount of the Mortgage Pool: $443,906,994.95 aggregate principal balance as of the Cutoff Date, subject to a permitted variance such that the aggregate original Certificate Principal Balance will be not less than $420,850,000 or greater than $465,150,000. (b) Original Terms to Maturity: The original term to maturity of substantially all of the Mortgage Loans included in the Mortgage Pool shall be between 20 and 30 years. Section 2. The Certificates: The Offered Certificates shall be issued as follows: (a) Classes: The Offered Certificates shall be issued with the following Class designations, interest rates and principal balances, subject in the aggregate to the variance referred to in Section 1(a): Class Purchase Principal Interest Price Class Balance Rate Percentage - ----- ------- -------- ---------- Class A1 $349,500,180 6.75% 98.88280% Class A2 12,632,000 6.75 98.88280 Class A3 42,580,809 6.75 98.88280 Class A4 21,095,000 6.75 98.88280 Class M 8,212,279 6.75 97.93750 Class B1 3,551,256 6.75 97.06250 Class B2 1,997,581 6.75 95.68750 Class R 100 6.75 98.88280 (b) The Offered Certificates shall have such other characteristics as described in the related Prospectus. Section 3. Purchase Price: The Purchase Price for each Class of the Offered Certificates shall be the Class Purchase Price Percentage therefor (as set forth in Section 2(a) above) of the initial Class Certificate Principal Balance thereof plus accrued interest at the initial interest rate per annum from and including the Cut-off Date up to, but not including, March 27, 1998 (the "Closing Date"). Section 4. Required Ratings: The Offered Certificates, other than the Class M, Class B1 and Class B2 Certificates, shall have received Required Ratings of at least "AAA" from Fitch IBCA, Inc. ("Fitch") and Standard & Poor's Rating Services, a division of The McGraw-Hill Companies, Inc., respectively. The Class M, Class B1 and Class B2 Certificates, shall have received Required Ratings of at least "AA," "A" and "BBB," respectively, from Fitch. Section 5. Tax Treatment: One or more elections will be made to treat the assets of the Trust Fund as a REMIC. Section 6. Additional Expenses. The Underwriter will pay all expenses (e.g., shipping, postage and courier costs) associated with the delivery of the Prospectus to prospective investors and investors, other than the costs of delivery to the Underwriter's facilities, provided, that if courier services (other than overnight delivery services utilized in the ordinary course of business) are required to ensure that the Prospectus is delivered to investors on the day immediately preceding the Closing Date, the Company will pay such courier expenses. 2 If the foregoing is in accordance with your understanding of our agreement, please sign and return to the undersigned a counterpart hereof, whereupon this letter and your acceptance shall represent a binding agreement between the Underwriter and the Company. Very truly yours, DONALDSON, LUFKIN & JENRETTE SECURITIES CORPORATION By:_________________________ Name: Title: The foregoing Agreement is hereby confirmed and accepted as of the date hereof. GE CAPITAL MORTGAGE SERVICES, INC. By:_______________________________ Name: Title: EX-4.1 4 Execution - ----------------------------------------------------------------- GE CAPITAL MORTGAGE SERVICES, INC., Seller and Servicer and STATE STREET BANK AND TRUST COMPANY, Trustee --------------------------------- POOLING AND SERVICING AGREEMENT Dated as of March 1, 1998 --------------------------------- REMIC Multi-Class Pass-Through Certificates, Series 1998-5 - ----------------------------------------------------------------- Section Page TABLE OF CONTENTS ARTICLE I DEFINITIONS 1.01. Definitions............................................ 1 ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES 2.01. Conveyance of Mortgage Loans........................... 41 2.02. Acceptance by Trustee.................................. 45 2.03. Representations and Warranties of the Company; Mortgage Loan Repurchase........................................ 47 2.04. Execution of Certificates.............................. 54 2.05. Designations under the REMIC Provisions................ 54 ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS 3.01. Company to Act as Servicer............................. 55 3.02. Collection of Certain Mortgage Loan Payments; Mortgage Loan Payment Record; Certificate Account............... 60 3.03. Collection of Taxes, Assessments and Other Items....... 63 3.04. Permitted Debits to the Mortgage Loan Payment Record... 63 3.05. Maintenance of the Primary Insurance Policies.......... 65 3.06. Maintenance of Hazard Insurance........................ 66 3.07. Assumption and Modification Agreements................. 66 3.08. Realization Upon Defaulted Mortgage Loans.............. 67 3.09. Trustee to Cooperate; Release of Mortgage Files........ 71 3.10. Servicing Compensation; Payment of Certain Expenses by the Company............................................ 72 3.11. Reports to the Trustee; Certificate Account Statements. 73 3.12. Annual Statement as to Compliance...................... 73 3.13. Annual Independent Public Accountants' Servicing Report 73 3.14. Access to Certain Documentation and Information Regarding the Mortgage Loans............................74 3.15. Maintenance of Certain Servicing Policies.............. 74 3.16. Optional Purchase of Defaulted Mortgage Loans.......... 74 ARTICLE IV PAYMENTS AND STATEMENTS 4.01. Distributions.......................................... 75 4.02. Method of Distribution................................. 79 4.03. Allocation of Losses................................... 81 i Section Page 4.04. Monthly Advances; Purchases of Defaulted Mortgage Loans 83 4.05. Statements to Certificateholders....................... 84 4.06. Servicer's Certificate................................. 86 4.07. Reports of Foreclosures and Abandonments of Mortgaged Property............................................... 87 4.08. Reduction of Base Servicing Fees by Compensating Interest Payments...................................... 87 4.09. Surety Bond............................................ 87 ARTICLE V THE CERTIFICATES 5.01. The Certificates....................................... 87 5.02. Registration of Transfer and Exchange of Certificates.. 89 5.03. Mutilated, Destroyed, Lost or Stolen Certificates...... 96 5.04. Persons Deemed Owners.................................. 96 5.05. Access to List of Certificateholders' Names and Addresses.............................................. 96 5.06. Representation of Certain Certificateholders........... 97 5.07. Determination of COFI.................................. 97 5.08. Determination of LIBOR................................. 98 ARTICLE VI THE COMPANY 6.01. Liability of the Company...............................100 6.02. Merger or Consolidation of, or Assumption of the Obligations of, the Company............................100 6.03. Assignment.............................................100 6.04. Limitation on Liability of the Company and Others......101 6.05. The Company Not to Resign..............................101 ARTICLE VII DEFAULT 7.01. Events of Default......................................102 7.02. Trustee to Act; Appointment of Successor...............103 7.03. Notification to Certificateholders.....................104 ARTICLE VIII THE TRUSTEE 8.01. Duties of Trustee......................................105 8.02. Certain Matters Affecting the Trustee..................106 8.03. Trustee Not Liable for Certificates or Mortgage Loans..108 8.04. Trustee May Own Certificates...........................108 8.05. The Company to Pay Trustee's Fees and Expenses.........108 8.06. Eligibility Requirements for Trustee...................108 ii Section Page 8.07. Resignation or Removal of Trustee......................109 8.08. Successor Trustee......................................110 8.09. Merger or Consolidation of Trustee.....................110 8.10. Appointment of Co-Trustee or Separate Trustee..........111 8.11. Compliance with REMIC Provisions; Tax Returns..........112 ARTICLE IX TERMINATION 9.01. Termination upon Repurchase by the Company or Liquidation of All Mortgage Loans......................112 9.02. Additional Termination Requirements....................114 ARTICLE X MISCELLANEOUS PROVISIONS 10.01. Amendment..............................................115 10.02. Recordation of Agreement...............................116 10.03. Limitation on Rights of Certificateholders.............117 10.04. Governing Law..........................................118 10.05. Notices................................................118 10.06. Notices to the Rating Agencies.........................118 10.07. Severability of Provisions.............................119 10.08. Certificates Nonassessable and Fully Paid..............119 iii Exhibits EXHIBIT A Forms of Certificates EXHIBIT B Principal Balance Schedules EXHIBIT C Mortgage Loans (including list of Cooperative Loans) EXHIBIT D Form of Servicer's Certificate EXHIBIT E Form of Transfer Certificate as to ERISA Matters for Definitive ERISA-Restricted Certificates EXHIBIT F Form of Residual Certificate Transferee Affidavit EXHIBIT G Form of Residual Certificate Transferor Letter EXHIBIT H Additional Servicer Compensation EXHIBIT I Form of Investment Letter for Definitive Restricted Certificates EXHIBIT J Form of Distribution Date Statement EXHIBIT K Form of Special Servicing and Collateral Fund Agreement EXHIBIT L Form of Lost Note Affidavit and Agreement EXHIBIT M Schedule of Designated Loans EXHIBIT N Schedule of Pledged Asset Mortgage Loans iv THIS POOLING AND SERVICING AGREEMENT, dated as of March 1, 1998, between GE CAPITAL MORTGAGE SERVICES, INC., a corporation organized and existing under the laws of the State of New Jersey, and STATE STREET BANK AND TRUST COMPANY, a Massachusetts banking corporation, as Trustee. W I T N E S S E T H T H A T : In consideration of the mutual agreements herein contained, GE Capital Mortgage Services, Inc. and State Street Bank and Trust Company agree as follows: ARTICLE I DEFINITIONS Section 1.01. Definitions. Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings: Accretion Directed Certificate: None. Accretion Termination Date: None. Accrual Amount: As to any Class of Accrual Certificates and any Accrual Component and each Distribution Date through the related Accretion Termination Date, the sum of (x) any amount of Accrued Certificate Interest allocable to such Class or Component pursuant to Section 4.01(a)(i) on such Distribution Date and (y) any amount of Unpaid Class Interest Shortfall allocable to such Class or Component pursuant to Section 4.01(a)(ii) on such Distribution Date, to the extent that such amounts are distributed to any Accretion Directed Certificates pursuant to Section 4.01(e). As to any Class of Accrual Certificates and any Accrual Component and each Distribution Date after the related Accretion Termination Date, zero. Accrual Certificates: None. Accrual Component: None. Accrued Certificate Interest: As to any Distribution Date and any Class of Certificates (other than any Class of Principal Only Certificates and any Class of Certificates consisting of Specified Components), interest accrued during the related Interest Accrual Period at the applicable Certificate Interest Rate on the Class Certificate Principal 1 Balance (or, in the case of any Class of Notional Certificates on the aggregate Notional Principal Balance) thereof immediately prior to such Distribution Date, calculated on the basis of a 360-day year consisting of twelve 30-day months. As to any Distribution Date and any Specified Component (other than any Principal Only Component), interest accrued during the related Interest Accrual Period at the applicable Component Interest Rate on the Component Principal Balance (or Notional Component Principal Balance) thereof immediately prior to such Distribution Date, calculated on the basis of a 360-day year consisting of twelve 30-day months. As to any Distribution Date and any Class of Certificates consisting of Specified Components, the aggregate of Accrued Certificate Interest on such Specified Components for such Distribution Date. Accrued Certificate Interest on each Class of Certificates (other than any Class of Principal Only Certificates and any Class of Certificates consisting of Specified Components) and any Specified Component (other than any Principal Only Component) shall be reduced by such Class's or Specified Component's share of the amount of any Net Interest Shortfall and Certificate Interest Losses for such Distribution Date. Any Net Interest Shortfall and Certificate Interest Losses shall be allocated among (x) the Classes of Certificates (other than any Class of Principal Only Certificates and any Class of Certificates consisting of Specified Components) and (y) the Specified Components (other than any Principal Only Component) of any Component Certificate in proportion to the respective amounts of Accrued Certificate Interest that would have resulted absent such shortfall or losses. Additional Collateral: With respect to any Mortgage 100SM Loan, the marketable securities held from time to time as security for the repayment of such Mortgage 100SM Loan and any related collateral. With respect to any Parent PowerSM Loan, the third-party guarantee for such Parent PowerSM Loan, together with (i) any marketable securities held from time to time as security for the performance of such guarantee and any related collateral or (ii) any mortgaged property securing the performance of such guarantee, the related home equity line of credit loan and any related collateral. Agreement: This Pooling and Servicing Agreement and all amendments hereof and supplements hereto. Allocable Share: (a) As to any Distribution Date and amounts distributable pursuant to clauses (i) and (iii) of the definition of Junior Optimal Principal Amount, and as to each Class of Junior Certificates, the fraction, expressed 2 as a percentage, the numerator of which is the Class Certificate Principal Balance of such Class and the denominator of which is the aggregate Class Certificate Principal Balance of the Junior Certificates. (b) As to any Distribution Date and amounts distributable pursuant to clauses (ii), (iv) and (v) of the definition of Junior Optimal Principal Amount, and as to the Class M Certificates and each Class of Class B Certificates for which the related Prepayment Distribution Trigger has been satisfied on such Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Class Certificate Principal Balance of such Class and the denominator of which is the aggregate Class Certificate Principal Balance of all such Classes. As to any Distribution Date and each Class of Class B Certificates for which the related Prepayment Distribution Trigger has not been satisfied on such Distribution Date, 0%. Amortization Payment: As to any REO Mortgage Loan and any month, the payment of principal and accrued interest due in such month in accordance with the terms of the related Mortgage Note as contemplated by Section 3.08(b). Amount Held for Future Distribution: As to each Distribution Date, the total of all amounts credited to the Mortgage Loan Payment Record as of the preceding Determination Date on account of (i) Principal Prepayments, Insurance Proceeds and Liquidation Proceeds received subsequent to the preceding Prepayment Period applicable to such receipts, and (ii) monthly payments of principal and interest due subsequent to the preceding Due Date. Anniversary Determination Date: The Determination Date occurring in April of each year that the Certificates are outstanding, commencing in April 1999. Assignment of Proprietary Lease: With respect to a Cooperative Loan, the assignment of the related Proprietary Lease from the Mortgagor to the originator of the Cooperative Loan. Assumed Monthly Payment Reduction: As of any Anniversary Determination Date and as to any Non-Primary Residence Loan remaining in the Mortgage Pool whose original principal balance was 80% or greater of the Original Value thereof, the excess of (i) the Monthly Payment thereof calculated on the assumption that the Mortgage Rate thereon was equal to the weighted average (by principal balance) of the Remittance Rates of all Outstanding Mortgage Loans (the "Weighted Average Rate") as of such Anniversary Determination Date over (ii) the Monthly Payment thereof 3 calculated on the assumption that the Remittance Rate thereon was equal to the Weighted Average Rate less 1.25% per annum. Available Funds: As to each Distribution Date, an amount equal to the sum of (i) all amounts credited to the Mortgage Loan Payment Record pursuant to Section 3.02 as of the preceding Determination Date, (ii) any Monthly Advance and any Compensating Interest Payment for such Distribution Date, (iii) the Purchase Price of any Defective Mortgage Loans and Defaulted Mortgage Loans deposited in the Certificate Account on the Business Day preceding such Distribution Date (including any amounts deposited in the Certificate Account in connection with any substitution of a Mortgage Loan as specified in Section 2.03(b)), and (iv) the purchase price of any defaulted Mortgage Loan purchased under an agreement entered into pursuant to Section 3.08(e) as of the end of the preceding Prepayment Period less the sum of (x) the Amount Held for Future Distribution, (y) the amount of any Unanticipated Recovery credited to the Mortgage Loan Payment Record pursuant to clause (vi) of Section 3.02, and (z) amounts permitted to be debited from the Mortgage Loan Payment Record pursuant to clauses (i) through (vii) and (ix) of Section 3.04. Bankruptcy Coverage Termination Date: The Distribution Date upon which the Bankruptcy Loss Amount has been reduced to zero or a negative number (or the Cross-Over Date, if earlier). Bankruptcy Loss Amount: As of any Determination Date prior to the first Anniversary Determination Date, the Bankruptcy Loss Amount shall equal $160,517, as reduced by the aggregate amount of Deficient Valuations and Debt Service Reductions since the Cut-off Date. As of any Determination Date after the first Anniversary Determination Date, other than an Anniversary Determination Date, the Bankruptcy Loss Amount shall equal the Bankruptcy Loss Amount on the immediately preceding Anniversary Determination Date as reduced by the aggregate amount of Deficient Valuations and Debt Service Reductions since such preceding Anniversary Determination Date. As of any Anniversary Determination Date, the Bankruptcy Loss Amount shall equal the lesser of (x) the Bankruptcy Loss Amount as of the preceding Determination Date as reduced by any Deficient Valuations and Debt Service Reductions for the preceding Distribution Date, and (y) the greater of (i) the Fitch Formula Amount for such Anniversary Determination Date and (ii) the Formula Amount for such Anniversary Determination Date. 4 The Bankruptcy Loss Amount may be further reduced by the Company (including accelerating the manner in which such coverage is reduced) provided that prior to any such reduction, the Company shall obtain written confirmation from each Rating Agency that such reduction shall not adversely affect the then-current rating assigned to the related Classes of Certificates by such Rating Agency and shall provide a copy of such written confirmation to the Trustee. Base Servicing Fee: As to any Mortgage Loan and Distribution Date, an amount equal to the product of (i) the Scheduled Principal Balance of such Mortgage Loan as of the Due Date in the preceding calendar month and (ii) the Base Servicing Fee Rate for such Mortgage Loan. The Base Servicing Fee for any Distribution Date is subject to adjustment pursuant to Section 3.08(d) (with respect to a Realized Loss) or the definition of Interest Loss (with respect to the interest portion of a Debt Service Reduction). Base Servicing Fee Rate: As to any Mortgage Loan, the per annum rate identified as such for such Mortgage Loan and set forth in the Mortgage Loan Schedule. BIF: The Bank Insurance Fund of the FDIC, or its successor in interest. Book-Entry Certificate: Any Certificate registered in the name of the Depository or its nominee, ownership of which is reflected on the books of the Depository or on the books of a person maintaining an account with such Depository (directly or as an indirect participant in accordance with the rules of such Depository). As of the Closing Date, each Class of Certificates, other than the Class B3, Class B4, Class B5, Class PO and Class R Certificates, constitutes a Class of Book-Entry Certificates. Book-Entry Nominee: As defined in Section 5.02(b). Business Day: Any day other than a Saturday or a Sunday, or a day on which banking institutions in New York City or the city in which the Corporate Trust Office is located are authorized or obligated by law or executive order to be closed. Buydown Funds: Funds contributed by the Mortgagor or another source in order to reduce the interest payments required from the Mortgagor for a specified period in specified amounts. 5 Buydown Mortgage Loan: Any Mortgage Loan as to which the Mortgagor pays less than the full monthly payment specified in the Mortgage Note during the Buydown Period and the difference between the amount paid by the Mortgagor and the amount specified in the Mortgage Note is paid from the related Buydown Funds. Buydown Period: The period during which Buydown Funds are required to be applied to the related Buydown Mortgage Loan. Certificate: Any one of the certificates signed and countersigned by the Trustee in substantially the forms attached hereto as Exhibit A. Certificate Account: The trust account or accounts created and maintained with the Trustee pursuant to Section 3.02 and which must be an Eligible Account. Certificate Interest Loss: (i) On or prior to the Cross-Over Date, any Interest Loss in respect of an Excess Loss and (ii) after the Cross-Over Date, any Interest Loss, in each case to the extent such Interest Loss is allocable to the Certificates in accordance with Section 3.08(d) (with respect to a Realized Loss) or the definition of Interest Loss (with respect to the interest portion of a Debt Service Reduction). Certificate Interest Rate: With respect to any Class of Certificates and as of any Distribution Date, the per annum fixed rate specified in Section 5.01(b). Certificate Owner: With respect to any Book-Entry Certificate, the person who is the beneficial owner thereof. Certificate Principal Balance: As to any Certificate other than a Notional Certificate, and as of any Distribution Date, the Initial Certificate Principal Balance of such Certificate (plus, in the case of any Accrual Certificate, its Percentage Interest of any related Accrual Amount for each previous Distribution Date) less the sum of (i) all amounts distributed with respect to such Certificate in reduction of the Certificate Principal Balance thereof on previous Distribution Dates pursuant to Section 4.01, (ii) any Realized Losses allocated to such Certificate on previous Distribution Dates pursuant to Section 4.03(b) and (c), and (iii) in the case of a Subordinate Certificate, such Certificate's Percentage Interest of the Subordinate Certificate Writedown Amount allocated to such Certificate on previous Distribution Dates. The Notional Certificates are issued without Certificate Principal Balances. 6 Certificate Register and Certificate Registrar: The register maintained and the registrar appointed pursuant to Section 5.02. Certificateholder or Holder: The person in whose name a Certificate is registered in the Certificate Register, except that, solely for the purposes of giving any consent pursuant to this Agreement, a Certificate of any Class to the extent that the Company or any affiliate is the Certificate Owner or Holder thereof (except to the extent the Company or any affiliate thereof shall be the Certificate Owner or Holder of all Certificates of such Class), 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 has been obtained; provided, however, that in determining whether the Trustee shall be protected in relying on such consent only the Certificates that the Trustee knows to be so held shall be so disregarded. Class: All Certificates bearing the same class designation. Class A3 Percentage: With respect to any Distribution Date, the percentage (carried to six places rounded up) obtained by dividing (x) the Class Certificate Principal Balance of the Class A3 Certificates immediately preceding such Distribution Date, by (y) the aggregate Class Certificate Principal Balance of all of the Certificates (other than the Class PO Certificates) immediately preceding such Distribution Date. Class A3 Prepayment Distribution Percentage: 0% through the Distribution Date in March 2003; 30% thereafter through the Distribution Date in March 2004; 40% thereafter through the Distribution Date in March 2005; 60% thereafter through the Distribution Date in March 2006; 80% thereafter through the Distribution Date in March 2007; and 100% thereafter. Class A3 Principal Distribution Amount: With respect to any Distribution Date, the sum of (a) the total of the amounts described in clauses (i) and (iii) of the definition of Senior Optimal Principal Amount (without application of the Senior Percentage or the Senior Prepayment Percentage) for such date multiplied by the Class A3 Scheduled Distribution Percentage for such date and (b) the total of the amounts described in clauses (ii), (iv) and (v) of the definition of Senior Optimal Principal Amount (without application of the Senior Prepayment Percentage) for such 7 date multiplied by the product of (x) the Class A3 Percentage for such date and (y) the Class A3 Prepayment Distribution Percentage for such date; provided, however, (i) on the Group I Final Distribution Date, the Class A3 Principal Distribution Amount will be increased by any Senior Optimal Principal Amount remaining after distributions of principal have been made on the Group I Senior Certificates and (ii) following the Group I Final Distribution Date, the Class A3 Principal Distribution Amount will equal the Senior Optimal Principal Amount. Class A3 Scheduled Distribution Percentage: For any Distribution Date through the Distribution Date occurring in March 2003, 0%. For any Distribution Date occurring after the Distribution Date occurring in March 2003, the Class A3 Percentage for such Distribution Date. Notwithstanding the foregoing, on any Distribution Date after the Group I Final Distribution Date, the Class A3 Scheduled Distribution Percentage will equal the Class A3 Percentage. Class B Certificate: Any Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate. Class Certificate Principal Balance: As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b). Class Interest Shortfall: As to any Distribution Date and any Class of Certificates (other than any Class of Principal Only Certificates or any Class consisting of Specified Components) or any Specified Component, any amount by which the amount distributed to Holders of such Class of Certificates or in respect of such Specified Component (or added to the Class Certificate Principal Balance of any Class of Accrual Certificates or to the Component Principal Balance of any Accrual Component constituting a Specified Component) on such Distribution Date is less than the Accrued Certificate Interest thereon or in respect thereof for such Distribution Date. As to any Distribution Date and any Class of Certificates consisting of Specified Components, the sum of the Class Interest Shortfalls for such Components on such date. Class PO Deferred Amount: As to any Distribution Date on or prior to the Cross-Over Date, the aggregate of the applicable PO Percentage of the principal portion of each Realized Loss, other than any Excess Loss, to be allocated to the Class PO Certificates on such Distribution Date or 8 previously allocated to the Class PO Certificates and not yet paid to the Holders of the Class PO Certificates pursuant to Section 4.01(a)(iv). Closing Date: March 27, 1998. Code: The Internal Revenue Code of 1986, as it may be amended from time to time, any successor statutes thereto, and applicable U.S. Department of the Treasury temporary or final regulations promulgated thereunder. COFI: The monthly weighted average cost of funds for savings institutions the home offices of which are located in Arizona, California, or Nevada that are member institutions of the Eleventh Federal Home Loan Bank District, as computed from statistics tabulated and published by the Federal Home Loan Bank of San Francisco in its monthly Information Bulletin. COFI Certificates: None. COFI Determination Date: As to each Interest Accrual Period for any COFI Certificates, the last Business Day of the calendar month preceding the commencement of such Interest Accrual Period. Company: GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey, or its successor in interest or, if any successor servicer is appointed as herein provided, then such successor servicer. Compensating Interest Payment: With respect to any Distribution Date, an amount equal to the aggregate of the Interest Shortfalls described in clauses (a) and (b) of the definition thereof with respect to such Distribution Date; provided, however, that such amount shall not exceed the lesser of (i) an amount equal to the product of (x) the Pool Scheduled Principal Balance with respect to such Distribution Date and (y) one-twelfth of 0.125%, and (ii) the aggregate of the Base Servicing Fees that the Company would be entitled to retain on such Distribution Date (less any portion thereof paid as servicing compensation to any Primary Servicer) without giving effect to any Compensating Interest Payment. Component: None. Component Certificate: None. Component Interest Rate: None. 9 Component Principal Balance: As of any Distribution Date, and with respect to any Component, other than any Notional Component, the initial Component Principal Balance thereof (as set forth, as applicable, in the definition of Component) (plus, in the case of any Accrual Component, any related Accrual Amount for each previous Distribution Date) less the sum of (x) all amounts distributed in reduction thereof on previous Distribution Dates pursuant to Section 4.01 and (y) the amount of all Realized Losses allocated thereto pursuant to Section 4.03(d). Confirmatory Mortgage Note: With respect to any Mortgage Loan, a note or other evidence of indebtedness executed by the Mortgagor confirming its obligation under the note or other evidence of indebtedness previously executed by the Mortgagor upon the origination of the related Mortgage Loan. Cooperative: A private, cooperative housing corporation organized in accordance with applicable state laws which owns or leases land and all or part of a building or buildings located in the relevant state, including apartments, spaces used for commercial purposes and 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 one or more Proprietary Leases. 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(s), (iii) an assignment of the Proprietary Lease(s), (iv) financing statements and (v) a stock power (or other similar instrument), and in addition 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. The Mortgage Loans identified in Exhibit C hereto are Cooperative Loans. 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(s) or other instrument evidencing the related Cooperative Stock. 10 Corporate Trust Office: The principal office of the Trustee at which at any particular time its corporate trust business shall be administered, which office at the date of the execution of this instrument is located at Two International Place, Boston, Massachusetts 02110, Attention: Corporate Trust Department. Cross-Over Date: The first Distribution Date on which the aggregate Class Certificate Principal Balance of the Junior Certificates has been reduced to zero (giving effect to all distributions on such Distribution Date). Cut-off Date: March 1, 1998. Debt Service Reduction: As to any Mortgage Loan and any Determination Date, the excess of (a) the then current Monthly Payment for such Mortgage Loan over (b) the amount of the monthly payment of principal and interest required to be paid by the Mortgagor as established by a court of competent jurisdiction as a result of a proceeding initiated by or against the related Mortgagor under the Bankruptcy Code, as amended from time to time (11 U.S.C.). Defaulted Mortgage Loan: With respect to any Determination Date, a Mortgage Loan as to which the related Mortgagor has failed to make unexcused payment in full of a total of three or more consecutive installments of principal and interest, and as to which such delinquent installments have not been paid, as of the close of business on the last Business Day of the month next preceding the month of such Determination Date. Defective Mortgage Loan: Any Mortgage Loan which is required to be purchased by the Company (or which the Company may replace with a substitute Mortgage Loan) pursuant to Section 2.02 or 2.03(a). Deficient Valuation: As to any Mortgage Loan and any Determination Date, the excess of (a) the then outstanding indebtedness under such Mortgage Loan over (b) the valuation by a court of competent jurisdiction of the related Mortgaged Property as a result of a proceeding initiated by or against the related Mortgagor under the Bankruptcy Code, as amended from time to time (11 U.S.C.), pursuant to which such Mortgagor retained such Mortgaged Property. Definitive Certificate: Any Certificate, other than a Book-Entry Certificate, issued in definitive, fully registered form. 11 Definitive Restricted Junior Certificate: Any Restricted Junior Certificate that is in the form of a Definitive Certificate. Depository: The initial Depository shall be The Depository Trust Company, the nominee of which 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, as amended, or any successor provisions thereto. Depository Participant: A broker, dealer, bank or other financial institution or other Person for which, from time to time, the Depository effects book-entry transfers and pledges of securities deposited with such Depository. Designated Loan Closing Documents: With respect to any Designated Loan, a Lost Note Affidavit substantially in the form of Exhibit L, and an assignment of the related Mortgage to the Trustee in recordable form (except for the omission therein of recording information concerning such Mortgage). Designated Loans: None. Determination Date: With respect to any Distribution Date, the fifth Business Day prior thereto. Discount Mortgage Loan: Any Mortgage Loan with a Net Mortgage Rate less than 6.75% per annum. Disqualified Organization: Any of the following: (i) the United States, any State or political subdivision thereof, or any agency or instrumentality of any of the foregoing (including but not limited to state pension organizations); (ii) a foreign government, International Organization or any agency or instrumentality of either of the foregoing; (iii) an organization (except certain farmers' cooperatives described in Code section 521) which is exempt from tax imposed by Chapter 1 of the Code (including the tax imposed by section 511 of the Code on unrelated business taxable income); and (iv) a rural electric and telephone cooperative described in Code section 1381(a)(2)(C). The terms "United States," "State" and "International Organization" shall have the meanings set forth in Code section 7701 or successor provisions. A corporation will not be treated as an instrumentality of the United States or of any State or political subdivision thereof for these purposes if all of its activities are subject to tax and a majority of its board of directors is not selected by such governmental unit. 12 Distribution Date: The 25th day of each calendar month after the month of initial issuance of the Certificates, or, if such 25th day is not a Business Day, the next succeeding Business Day. Distribution Date Statement: The statement referred to in Section 4.05(a). Document File: As defined in Section 2.01. Due Date: The first day of the month of the related Distribution Date. Eligible Account: An account that is either (i) maintained with a depository institution the debt obligations of which have been rated by each Rating Agency in one of its two highest long-term rating categories and has been assigned by S&P its highest short-term rating, (ii) an account or accounts the deposits in which are fully insured by either the BIF or the SAIF, (iii) an account or accounts, in a depository institution in which such accounts are insured by the BIF or the SAIF (to the limits established by the FDIC), the uninsured deposits in which accounts are either invested in Permitted Investments or are otherwise secured to the extent required by the Rating Agencies such that, as evidenced by an Opinion of Counsel delivered to the Trustee, the Certificateholders 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, (iv) a trust account maintained with the corporate trust department of a federal or state chartered depository institution or of a trust company with trust powers and acting in its fiduciary capacity for the benefit of the Trustee hereunder or (v) such account as will not cause either Rating Agency to downgrade or withdraw its then-current rating assigned to the Certificates, as evidenced in writing by the Rating Agencies. ERISA: The Employee Retirement Income Security Act of 1974, as amended. ERISA-Restricted Certificate: Any Junior Certificate. Event of Default: An event described in Section 7.01. Excess Bankruptcy Loss: Any Deficient Valuation or Debt Service Reduction, or portion thereof, (i) occurring after the Bankruptcy Coverage Termination Date or (ii) if on 13 such date, in excess of the then-applicable Bankruptcy Loss Amount. Excess Fraud Loss: Any Fraud Loss, or portion thereof, (i) occurring after the Fraud Coverage Termination Date or (ii) if on such date, in excess of the then-applicable Fraud Loss Amount. Excess Loss: Any Excess Bankruptcy Loss, Excess Fraud Loss or Excess Special Hazard Loss. Excess Special Hazard Loss: Any Special Hazard Loss, or portion thereof, (i) occurring after the Special Hazard Termination Date or (ii) if on such date, in excess of the then-applicable Special Hazard Loss Amount. FDIC: The Federal Deposit Insurance Corporation, or its successor in interest. FHLMC: The Federal Home Loan Mortgage Corporation or its successor in interest. Financial Intermediary: A broker, dealer, bank or other financial institution or other Person that clears through or maintains a custodial relationship with a Depository Participant. Fitch: Fitch IBCA, Inc. and its successors. Fitch Formula Amount: As to each Anniversary Determination Date, the greater of (i) $50,000 and (ii) the product of (x) the greatest Assumed Monthly Payment Reduction for any Non-Primary Residence Loan whose original principal balance was 80% or greater of the Original Value thereof, (y) the weighted average remaining term to maturity (expressed in months) of all the Non-Primary Residence Loans remaining in the Mortgage Pool as of such Anniversary Determination Date, and (z) the sum of (A) one plus (B) the number of all remaining Non-Primary Residence Loans divided by the total number of Outstanding Mortgage Loans as of such Anniversary Determination Date. FNMA: The Federal National Mortgage Association or its successor in interest. Formula Amount: As to each Anniversary Determination Date, the greater of (i) $100,000 and (ii) the product of (x) 0.06% and (y) the Scheduled Principal Balance of each Mortgage Loan remaining in the Mortgage Pool whose original principal balance was 75% or greater of the Original Value thereof. 14 Fraud Coverage Termination Date: The Distribution Date upon which the related Fraud Loss Amount has been reduced to zero or a negative number (or the Cross-Over Date, if earlier). Fraud Loss: Any Realized Loss attributable to fraud in the origination of the related Mortgage Loan. Fraud Loss Amount: As of any Distribution Date after the Cut-off Date, (x) prior to the first anniversary of the Cut-off Date, an amount equal to $4,439,070 minus the aggregate amount of Fraud Losses that would have been allocated to the Junior Certificates in accordance with Section 4.03 in the absence of the Loss Allocation Limitation since the Cut-off Date, and (y) from the first to the fifth anniversary of the Cut-off Date, an amount equal to (1) the lesser of (a) the Fraud Loss Amount as of the most recent anniversary of the Cut-off Date and (b) 1% (from the first to but excluding the third anniversaries of the Cut-Off Date) or 0.5% (from and including the third to but excluding the fifth anniversaries of the Cut-Off Date) of the aggregate outstanding principal balance of all of the Mortgage Loans as of the most recent anniversary of the Cutoff Date minus (2) the Fraud Losses that would have been allocated to the Junior Certificates in accordance with Section 4.03 in the absence of the Loss Allocation Limitation since the most recent anniversary of the Cut-off Date. After the fifth anniversary of the Cut-off Date the Fraud Loss Amount shall be zero. Group I Final Distribution Date: The Distribution Date on which the aggregate Certificate Principal Balance of the Group I Senior Certificates has been reduced to zero. Group I Senior Certificate: Any Class A1, Class A2, Class A4 or Class R Certificate. Group II Senior Certificate: Any Class A3 Certificate. Initial Certificate Principal Balance: With respect to any Certificate, other than a Notional Certificate, the Certificate Principal Balance of such Certificate or any predecessor Certificate on the Closing Date. Initial LIBOR Rate: None. Insurance Proceeds: Proceeds paid pursuant to the Primary Insurance Policies, if any, and amounts paid by any insurer pursuant to any other insurance policy covering a Mortgage Loan. 15 Insured Expenses: Expenses covered by the Primary Insurance Policies, if any, or any other insurance policy or policies applicable to the Mortgage Loans. Interest Accrual Period: With respect to any Distribution Date and any Class of Certificates (other than any Class of Principal Only Certificates), or Component, the one-month period ending on the last day of the month preceding the month in which such Distribution Date occurs. Interest Loss: (i) With respect to any Realized Loss, the excess of accrued and unpaid interest due on the related Mortgage Loan over the amount allocated to interest thereon in accordance with Section 3.08(d), and (ii) with respect to any Debt Service Reduction and any calendar month, the reduction in the amount of interest due on the related Mortgage Loan during such month as a result of the relevant bankruptcy proceeding. The amount of any Interest Loss described in clause (i) of the preceding paragraph will be allocated among the Base Servicing Fee, the Supplemental Servicing Fee and the Certificates in accordance with Section 3.08(d). The amount of any Interest Loss described in clause (ii) of the preceding paragraph will be allocated among the Base Servicing Fee, the Supplemental Servicing Fee and the Certificates in proportion to the amount of interest that would have been allocated to the Base Servicing Fee at the Base Servicing Fee Rate, the Supplemental Servicing Fee at the Supplemental Servicing Fee Rate and interest at the Remittance Rate, respectively, in the absence of the Debt Service Reduction. Interest Shortfall: With respect to any Distribution Date and each Mortgage Loan that during the related Prepayment Period was the subject of a Voluntary Principal Prepayment or constitutes a Relief Act Mortgage Loan, an amount determined as follows: (a) partial principal prepayments: one month's interest at the applicable Net Mortgage Rate on the amount of such prepayment; (b) principal prepayments in full received on or after the sixteenth day of the month preceding the month of such Distribution Date (or, in the case of the first Distribution Date, on or after the Cut-off Date) but on or before the last day of the month preceding the month of such Distribution Date, the difference between (i) one month's interest at the applicable Net Mortgage Rate on the Scheduled Principal Balance of such Mortgage Loan immediately prior to such prepayment 16 and (ii) the amount of interest for the calendar month of such prepayment (adjusted to the applicable Net Mortgage Rate) received at the time of such prepayment; (c) principal prepayments in full received by the Company (or of which the Company receives notice, in the case of a Mortgage Loan serviced by a Primary Servicer) on or after the first day but on or before the fifteenth day of the month of such Distribution Date: none; and (d) Relief Act Mortgage Loans: As to any Relief Act Mortgage Loan, the excess of (i) 30 days' interest (or, in the case of a Principal Prepayment in full, interest to the date of prepayment) on the Scheduled Principal Balance thereof (or, in the case of a Principal Prepayment in part, on the amount so prepaid) at the related Net Mortgage Rate over (ii) 30 days' interest (or, in the case of a Principal Prepayment in full, interest to the date of prepayment) on such Scheduled Principal Balance (or, in the case of a Principal Prepayment in part, on the amount so prepaid) at the Net Mortgage Rate required to be paid by the Mortgagor as limited by application of the Relief Act. For purposes of the definitions of Net Interest Shortfall and Supplemental Servicing Fee, the amount of any Interest Shortfall shall be allocated between the Certificates and the Supplemental Servicing Fee in proportion to the amount of interest that would have been allocated to the Certificates (at the Remittance Rate) and the Supplemental Servicing Fee (at the Supplemental Servicing Fee Rate), respectively, in the absence of such Interest Shortfall. Junior Certificate: Any Class M or Class B Certificate. Junior Optimal Principal Amount: As to any Distribution Date, an amount equal to the sum of the following (but in no event greater than the aggregate Certificate Principal Balance of the Junior Certificates immediately prior to such Distribution Date): (i) the Junior Percentage of the applicable Non-PO Percentage of the principal portion of each Monthly Payment due on the related Due Date on each Outstanding Mortgage Loan as of such Due Date as specified in the amortization schedule at the time applicable thereto (after adjustment for previous Principal Prepayments and the principal portion of Debt Service Reductions subsequent to 17 the Bankruptcy Coverage Termination Date but before any adjustment to such amortization schedule by reason of any bankruptcy (other than as aforesaid) or similar proceeding or any moratorium or similar waiver or grace period); (ii) the Junior Prepayment Percentage of the applicable Non-PO Percentage of all principal prepayments in part received during the related Prepayment Period, and 100% of any Senior Optimal Principal Amount not distributed to the Senior Certificates on such Distribution Date, together with the Junior Prepayment Percentage of the applicable Non-PO Percentage of the Scheduled Principal Balance of each Mortgage Loan which was the subject of a Voluntary Principal Prepayment in full during the related Prepayment Period; (iii) the excess, if any, of (x) the applicable Non-PO Percentage of the sum of (A) all Net Liquidation Proceeds allocable to principal received during the related Prepayment Period (other than in respect of Mortgage Loans described in clause (B)) and (B) the principal balance of each Mortgage Loan that was purchased by an insurer from the Trustee during the related Prepayment Period pursuant to the related Primary Insurance Policy, over (y) the amount distributable pursuant to clause (iii) of the definition of Senior Optimal Principal Amount on such Distribution Date; (iv) the Junior Prepayment Percentage of the applicable Non-PO Percentage of the Scheduled Principal Balance of each Mortgage Loan which was purchased on such Distribution Date pursuant to Section 2.02, 2.03(a) or 3.16; and (v) the Junior Prepayment Percentage of the applicable Non-PO Percentage of the Substitution Amount for any Mortgage Loan substituted during the month of such Distribution Date. For purposes of clause (ii) above, a Voluntary Principal Prepayment in full with respect to a Mortgage Loan serviced by a Primary Servicer shall be deemed to have been received when the Company, as servicer, receives notice thereof. After the Class Certificate Principal Balances of the Junior Certificates have been reduced to zero, the Junior Optimal Principal Amount shall be zero. 18 Junior Percentage: As to any Distribution Date, the excess of 100% over the Senior Percentage for such Distribution Date. Junior Prepayment Percentage: As to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage for such Distribution Date, except that (i) after the aggregate Certificate Principal Balance of the Senior Certificates other than the Class PO Certificates has been reduced to zero, the Junior Prepayment Percentage shall be 100%, and (ii) after the Cross-Over Date, the Junior Prepayment Percentage shall be zero. Latest Possible Maturity Date: April 25, 2030. LIBOR: The per annum rate determined, pursuant to Section 5.08, on the basis of London interbank offered rate quotations for one-month Eurodollar deposits, as such quotations may appear on the display designated as page "LIBO" on the Reuters Monitor Money Rates Service (or such other page as may replace the LIBO page on the Reuters Monitor Money Rates Service for the purpose of displaying London interbank offered quotations of major banks). LIBOR Certificate: None. LIBOR Determination Date: The second London Business Day immediately preceding the commencement of each Interest Accrual Period for any LIBOR Certificates. Liquidated Mortgage Loan: Any defaulted Mortgage Loan as to which the Company has determined that all amounts which it expects to recover on behalf of the Trust Fund from or on account of such Mortgage Loan have been recovered, including any Mortgage Loan with respect to which the Company determines not to foreclose upon the related Mortgaged Property based on its belief that such Mortgaged Property may be contaminated with or affected by hazardous or toxic wastes, materials or substances. Liquidation Expenses: Expenses which are incurred by the Company in connection with the liquidation of any defaulted Mortgage Loan and not recovered by the Company under any Primary Insurance Policy for reasons other than the Company's failure to comply with Section 3.05, such expenses including, without limitation, legal fees and expenses, and, regardless of when incurred, any unreimbursed amount expended by the Company pursuant to Section 3.03 or Section 3.06 respecting the related Mortgage Loan and any related and unreimbursed Property Protection Expenses. 19 Liquidation Proceeds: Cash (other than Insurance Proceeds) received in connection with the liquidation of any defaulted Mortgage Loan whether through judicial foreclosure or otherwise. Loan-to-Value Ratio: With respect to each Mortgage Loan, the original principal amount of such Mortgage Loan, divided by the Original Value of the related Mortgaged Property. London Business Day: Any day on which banks are open for dealing in foreign currency and exchange in London, England or New York City. Loss Allocation Limitation: As defined in Section 4.03(g). MLCC: Merrill Lynch Credit Corporation, or its successor in interest. Monthly Advance: With respect to any Distribution Date, the aggregate of the advances required to be made by the Company pursuant to Section 4.04(a) (or by the Trustee pursuant to Section 4.04(b)) on such Distribution Date, the amount of any such Monthly Advance being equal to (a) the aggregate of payments of principal and interest (adjusted to the related Remittance Rate) on the Mortgage Loans that were due on the related Due Date, without regard to any arrangements entered into by the Company with the related Mortgagors pursuant to Section 3.02(a)(ii), and delinquent as of the close of business on the Business Day next preceding the related Determination Date, less (b) the amount of any such payments which the Company or the Trustee, as applicable, in its reasonable judgment believes will not be ultimately recoverable by it either out of late payments by the Mortgagor, Net Liquidation Proceeds, Insurance Proceeds, REO Proceeds or otherwise. With respect to any Mortgage Loan, the portion of any such advance or advances made with respect thereto. Monthly Payment: The scheduled monthly payment on a Mortgage Loan for any month allocable to principal or interest on such Mortgage Loan. Moody's: Moody's Investors Service, Inc. and its successors. Mortgage: The mortgage or deed of trust creating a first lien on a fee simple interest or leasehold estate in real property securing a Mortgage Note. 20 Mortgage 100SM Loan: A Mortgage Loan identified on Exhibit N hereof that has a Loan-to-Value Ratio at origination in excess of 80.00% and that is secured by Additional Collateral and does not have a Primary Insurance Policy. 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 such documents pursuant to this Agreement. Mortgage Loan Payment Record: The record maintained by the Company pursuant to Section 3.02(b). Mortgage Loan Schedule: As of any date of determination, the schedule of Mortgage Loans included in the Trust Fund. The initial schedule of Mortgage Loans as of the Cut-off Date is attached hereto as Exhibit C. Mortgage Loans: As of any date of determination, each of the mortgage loans identified on the Mortgage Loan Schedule (as amended pursuant to Section 2.03(b)) delivered and assigned to the Trustee pursuant to Section 2.01 or 2.03(b), and not theretofore released from the Trust Fund by the Trustee. Mortgage Note: With respect to any Mortgage Loan, the note or other evidence of indebtedness (which may consist of a Confirmatory Mortgage Note) evidencing the indebtedness of a Mortgagor under such Mortgage Loan. Mortgage Pool: The aggregate of the Mortgage Loans identified in the Mortgage Loan Schedule. Mortgage Rate: The per annum rate of interest borne by a Mortgage Loan as set forth in the related Mortgage Note. Mortgaged Property: The underlying real property securing the Mortgage Loan, or with respect to a Cooperative Loan, the related Proprietary Lease and Cooperative Stock. Mortgagor: With respect to any Mortgage Loan, each obligor on the related Mortgage Note. Net Interest Shortfall: With respect to any Distribution Date, the excess, if any, of the aggregate Interest Shortfalls allocable to the Certificates (as determined in accordance with the definition of Interest Shortfall) for such Distribution Date over any Compensating Interest Payment for such date. 21 Net Liquidation Proceeds: As to any Liquidated Mortgage Loan, the sum of (i) any Liquidation Proceeds therefor less the related Liquidation Expenses, and (ii) any Insurance Proceeds therefor, other than any such Insurance Proceeds applied to the restoration of the related Mortgaged Property. Net Mortgage Rate: With respect to any Mortgage Loan, the related Mortgage Rate less the applicable Base Servicing Fee Rate. Non-Book-Entry Certificate: Any Certificate other than a Book-Entry Certificate. Non-Credit Loss: Any Fraud Loss, Special Hazard Loss or Deficient Valuation. Non-Discount Mortgage Loan: Any Mortgage Loan with a Net Mortgage Rate greater than or equal to 6.75% per annum. Non-permitted Foreign Holder: As defined in Section 5.02(b). Non-PO Percentage: As to any Discount Mortgage Loan, a fraction (expressed as a percentage), the numerator of which is the Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is 6.75%. As to any Non-Discount Mortgage Loan, 100%. Non-Primary Residence Loan: Any Mortgage Loan secured by a Mortgaged Property that is (on the basis of representations made by the Mortgagors at origination) a second home or investor-owned property. Nonrecoverable Advance: All or any portion of any Monthly Advance or Monthly Advances previously made by the Company (or the Trustee) which, in the reasonable judgment of the Company (or, as applicable, the Trustee) will not be ultimately recoverable from related Net Liquidation Proceeds, Insurance Proceeds, REO Proceeds or otherwise. The determination by the Company that it has made a Nonrecoverable Advance or that any advance, if made, would constitute a Nonrecoverable Advance, shall be evidenced by an Officer's Certificate of the Company delivered to the Trustee and detailing the reasons for such determination. Non-U.S. Person: As defined in Section 4.02(c). Notional Certificate: None. Notional Component: None. 22 Notional Component Balance: None. Notional Principal Balance: None. Officer's Certificate: A certificate signed by the President, a Senior Vice President or a Vice President of the Company and delivered to the Trustee. Opinion of Counsel: A written opinion of counsel, who may be counsel for the Company; provided, however, that any Opinion of Counsel with respect to the interpretation or application of the REMIC Provisions or the status of an account as an Eligible Account shall be the opinion of independent counsel satisfactory to the Trustee. Original Subordinate Principal Balance: As set forth in the definition of Senior Prepayment Percentage. Original Value: The value of the property underlying a Mortgage Loan based, in the case of the purchase of the underlying Mortgaged Property, on the lower of an appraisal satisfactory to the Company or the sales price of such property or, in the case of a refinancing, on an appraisal satisfactory to the Company. Outstanding Mortgage Loan: With respect to any Due Date, a Mortgage Loan which, prior to such Due Date, was not the subject of a Principal Prepayment in full, did not become a Liquidated Mortgage Loan and was not purchased pursuant to Section 2.02, 2.03(a) or 3.16 or replaced pursuant to Section 2.03(b). Outstanding Non-Discount Mortgage Loan: Any Outstanding Mortgage Loan that is a Non-Discount Mortgage Loan. PAC Balance: As to any Distribution Date and any Class of PAC Certificates and any PAC Component, the balance designated as such for such Distribution Date and such Class or Component as set forth in the Principal Balance Schedules. PAC Certificate: None. PAC Component: None. Parent PowerSM Loan: A Mortgage Loan identified on Exhibit N hereto that has a Loan-to-Value Ratio at origination in excess of 80.00%, that is supported by Additional Collateral and does not have a Primary Insurance Policy. 23 Pay-out Rate: With respect to any Class of Certificates (other than any Class of Principal Only Certificates) and any Distribution Date, the rate at which interest is distributed on such Class on such Distribution Date and which is equal to a fraction (expressed as an annualized percentage) the numerator of which is the Accrued Certificate Interest for such Class and Distribution Date, and the denominator of which is the Class Certificate Principal Balance (or, in the case of the Notional Certificates, the Notional Principal Balance) of such Class immediately prior to such Distribution Date. Percentage Interest: With respect to any Certificate, the percentage interest in the undivided beneficial ownership interest in the Trust Fund evidenced by Certificates of the same Class as such Certificate. With respect to any Certificate, the Percentage Interest evidenced thereby shall equal the Initial Certificate Principal Balance (or, in the case of a Notional Certificate, the initial Notional Principal Balance) thereof divided by the aggregate Initial Certificate Principal Balance (or, in the case of a Notional Certificate, the aggregate initial Notional Principal Balance) of all Certificates of the same Class. Permitted Investments: One or more of the following; provided, however, that no such Permitted Investment may mature later than the Business Day preceding the Distribution Date after such investment except as otherwise provided in Section 3.02(e) hereof, provided, further, that such investments qualify as "cash flow investments" as defined in section 860G(a)(6) of the Code: (i) obligations of, or guaranteed as to timely receipt of 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) provided that the unsecured obligations of the party agreeing to repurchase such obligations are at the time rated by each Rating Agency in the highest long-term rating category; (iii) federal funds, certificates of deposit, time deposits and banker's acceptances, of any U.S. depository institution or trust company incorporated under the laws of the United States or any state provided that the debt obligations of such depository institution or trust company at the date of acquisition 24 thereof have been rated by each Rating Agency in the highest long-term rating category; (iv) commercial paper of any corporation incorporated under the laws of the United States or any state thereof which on the date of acquisition has the highest short term rating of each Rating Agency; and (v) other obligations or securities that are acceptable to each Rating Agency as a Permitted Investment hereunder and will not, as evidenced in writing, result in a reduction or withdrawal in the then current rating of the Certificates. Notwithstanding the foregoing, Permitted Investments shall not include "stripped securities" and investments which contractually may return less than the purchase price therefor. Person: Any legal person, including any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. Plan: Any Person which is an employee benefit plan subject to ERISA or a plan subject to section 4975 of the Code. Pledged Asset Loan-to-Value Ratio: With respect to any Pledged Asset Mortgage Loan, (i) the original loan amount less the portion of any required Additional Collateral which is covered by the Surety Bond, divided by (ii) the Original Value of the related Mortgaged Property. Pledged Asset Mortgage Loan: Each Mortgage 100SM Loan and Parent PowerSM Loan purchased from MLCC that is supported by Additional Collateral and identified on Exhibit N hereto. Pledged Asset Mortgage Servicing Agreement: The Pledged Asset Mortgage Servicing Agreement, dated as of July 31, 1997 between MLCC and the Company. PO Percentage: As to any Discount Mortgage Loan, a fraction (expressed as a percentage), the numerator of which is the excess of 6.75% over the Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is 6.75%. As to any Non-Discount Mortgage Loan, 0%. 25 PO Principal Distribution Amount: As to any Distribution Date, an amount equal to the sum of the applicable PO Percentage of: (i) the principal portion of each Monthly Payment due on the related Due Date on each Outstanding Mortgage Loan as of such Due Date as specified in the amortization schedule at the time applicable thereto (after adjustments for previous Principal Prepayments and the principal portion of Debt Service Reductions subsequent to the Bankruptcy Coverage Termination Date but before any adjustment to such amortization schedule by reason of any bankruptcy (except as aforesaid) or similar proceeding or any moratorium or similar waiver or grace period); (ii) all principal prepayments in part received during the related Prepayment Period, together with the Scheduled Principal Balance (as reduced by any Deficient Valuation occurring on or prior to the Bankruptcy Coverage Termination Date) of each Mortgage Loan which was the subject of a Voluntary Principal Prepayment in full during the related Prepayment Period; (iii) the sum of (A) all Net Liquidation Proceeds allocable to principal received in respect of each Mortgage Loan that became a Liquidated Mortgage Loan during the related Prepayment Period (other than Mortgage Loans described in clause (B)) and (B) the principal balance of each Mortgage Loan purchased by an insurer from the Trustee pursuant to the related Primary Insurance Policy, in each case during the related Prepayment Period; (iv) the Scheduled Principal Balance (as reduced by any Deficient Valuation occurring on or prior to the Bankruptcy Coverage Termination Date) of each Mortgage Loan which was purchased on such Distribution Date pursuant to Section 2.02, 2.03(a) or 3.16; and (v) the Substitution Amount for any Mortgage Loan substituted during the month of such Distribution Date; for purposes of this clause (v), the definition of "Substitution Amount" shall be modified to reduce the Scheduled Principal Balance of the Mortgage Loan that is substituted for by any Deficient Valuation occurring on or prior to the Bankruptcy Coverage Termination Date. 26 For purposes of clause (ii) above, a Voluntary Principal Prepayment in full with respect to a Mortgage Loan serviced by a Primary Servicer shall be deemed to have been received when the Company, as servicer, receives notice thereof. Pool Scheduled Principal Balance: With respect to any Distribution Date, the aggregate Scheduled Principal Balance of all the Mortgage Loans that were Outstanding Mortgage Loans on the Due Date in the month next preceding the month of such Distribution Date (or, in the case of the first Distribution Date, the Cut-off Date; or, if so specified, such other date). Prepayment Assumption: The assumed fixed schedule of prepayments on a pool of new mortgage loans with such schedule given as a monthly sequence of prepayment rates, expressed as annualized percent values. These values start at 0.2% per year in the first month, increase by 0.2% per year in each succeeding month until month 30, ending at 6.0% per year. At such time, the rate remains constant at 6.0% per year for the balance of the remaining term. Multiples of the Prepayment Assumption are calculated from this prepayment rate series. Prepayment Assumption Multiple: 250% of the Prepayment Assumption. Prepayment Distribution Trigger: As of any Distribution Date and as to each Class of Class B Certificates, the related Prepayment Distribution Trigger is satisfied if (x) the fraction, expressed as a percentage, the numerator of which is the aggregate Class Certificate Principal Balance of such Class and each Class subordinate thereto, if any, on such Distribution Date, and the denominator of which is the Pool Scheduled Principal Balance for such Distribution Date, equals or exceeds (y) such percentage calculated as of the Closing Date. Prepayment Interest Excess: As to any Voluntary Principal Prepayment in full received from the first day through the fifteenth day of any calendar month (other than the calendar month in which the Cut-off Date occurs), all amounts paid in respect of interest on such Principal Prepayment. For purposes of determining the amount of Prepayment Interest Excess for any month, a Voluntary Principal Prepayment in full with respect to a Mortgage Loan serviced by a Primary Servicer shall be deemed to have been received when the Company, as servicer, receives notice thereof. All Prepayment Interest Excess shall be retained by the Company, as servicer, as additional servicing compensation. 27 Prepayment Period: With respect to any Distribution Date and any Voluntary Principal Prepayment in part or other Principal Prepayment other than a Voluntary Principal Prepayment in full, the calendar month preceding the month of such Distribution Date; with respect to any Distribution Date and any Voluntary Principal Prepayment in full, the period beginning on the sixteenth day of the calendar month preceding the month of such Distribution Date (or, in the case of the first Distribution Date, beginning on the Cutoff Date) and ending on the fifteenth day of the month in which such Distribution Date occurs. Primary Insurance Policy: The certificate of private mortgage insurance relating to a particular Mortgage Loan, or an electronic screen print setting forth the information contained in such certificate of private mortgage insurance, including, without limitation, information relating to the name of the mortgage insurance carrier, the certificate number, the loan amount, the property address, the effective date of coverage, the amount of coverage and the expiration date of the policy. Each such policy covers defaults by the Mortgagor, which coverage shall equal the portion of the unpaid principal balance of the related Mortgage Loan that exceeds 75% (or such lesser coverage required or permitted by FNMA or FHLMC) of the Original Value of the underlying Mortgaged Property. Primary Servicer: Any servicer with which the Company has entered into a servicing agreement, as described in Section 3.01(f). Principal Balance Schedules: Any principal balance schedules attached hereto, if applicable, as Exhibit B, setting forth the PAC Balances of any PAC Certificates and PAC Components, the TAC Balances of any TAC Certificates and TAC Components, and the Scheduled Balances of any Scheduled Certificates and Scheduled Components. Principal Only Certificate: Any Class PO Certificate. Principal Only Component: None. Principal Prepayment: Any payment or other recovery of principal on a Mortgage Loan (including, for this purpose, any refinancing permitted by Section 3.01 and any REO Proceeds treated as such pursuant to Section 3.08(b)) which is received in advance of its scheduled Due Date and is not accompanied by an amount of interest representing scheduled interest for any month subsequent to the month of prepayment. 28 Private Placement Memorandum: The private placement memorandum relating to the Restricted Junior Certificates dated March 24, 1998. Prohibited Transaction Exemption: U.S. Department of Labor Prohibited Transaction Exemption 90-83, 55 Fed. Reg. 50250, December 5, 1990. Property Protection Expenses: With respect to any Mortgage Loan, expenses paid or incurred by or for the account of the Company in accordance with the related Mortgage for (a) real estate property taxes and property repair, replacement, protection and preservation expenses and (b) similar expenses reasonably paid or incurred to preserve or protect the value of such Mortgage to the extent the Company is not reimbursed therefor pursuant to the Primary Insurance Policy, if any, or any other insurance policy with respect thereto. Proprietary Lease: With respect to a Cooperative Loan, the proprietary lease(s) 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. Purchase Price: With respect to any Mortgage Loan required or permitted to be purchased hereunder from the Trust Fund, an amount equal to 100% of the unpaid principal balance thereof plus interest thereon at the applicable Mortgage Rate from the date to which interest was last paid to the first day of the month in which such purchase price is to be distributed; provided, however, that if the Company is the servicer hereunder, such purchase price shall be net of unreimbursed Monthly Advances with respect to such Mortgage Loan, and the interest component of the Purchase Price may be computed on the basis of the Remittance Rate for such Mortgage Loan. QIB: A "qualified institutional buyer" as defined in Rule 144A under the Securities Act of 1933, as amended. Rating Agency: Any statistical credit rating agency, or its successor, that rated any of the Certificates at the request of the Company at the time of the initial issuance of the Certificates. If such 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 Company, notice of which designation shall be given to the Trustee. References herein to the two highest long-term rating categories of a Rating Agency shall mean such ratings without any modifiers. 29 As of the date of the initial issuance of the Certificates, the Rating Agencies are Fitch and S&P; except that for purposes of the Junior Certificates, other than the Class B5 Certificates, Fitch shall be the sole Rating Agency. The Class B5 Certificates are issued without ratings. Realized Loss: Any (i) Deficient Valuation or (ii) as to any Liquidated Mortgage Loan, (x) the unpaid principal balance of such Liquidated Mortgage Loan plus accrued and unpaid interest thereon at the Net Mortgage Rate through the last day of the month of such liquidation less (y) the related Liquidation Proceeds and Insurance Proceeds (as reduced by the related Liquidation Expenses). Record Date: The last Business Day of the month immediately preceding the month of the related Distribution Date. Reference Banks: As defined in Section 5.08. Relief Act: The Soldiers' and Sailors' Civil Relief Act of 1940, as amended. Relief Act Mortgage Loan: Any Mortgage Loan as to which the Monthly Payment thereof has been reduced due to the application of the Relief Act. REMIC: A "real estate mortgage investment conduit" within the meaning of section 860D of the Code. REMIC Provisions: Provisions of the federal income tax law relating to real estate mortgage investment conduits, which appear at sections 860A through 860G of Part IV of Subchapter M of Chapter 1 of the Code, and related provisions, and U.S. Office of the Treasury temporary or final regulations promulgated thereunder, as the foregoing may be in effect from time to time, as well as provisions of applicable state laws. Remittance Rate: With respect to any Mortgage Loan, the related Mortgage Rate less the sum of the applicable Base Servicing Fee Rate and the Supplemental Servicing Fee Rate. REO Mortgage Loan: Any Mortgage Loan which is not a Liquidated Mortgage Loan and as to which the related Mortgaged Property is held as part of the Trust Fund. REO Proceeds: Proceeds, net of any related expenses of the Company, received in respect of any REO Mortgage Loan (including, without limitation, proceeds from the rental of the related Mortgaged Property). 30 Required Surety Payment: With respect to any Pledged Asset Mortgage Loan that becomes a Liquidated Mortgage Loan, 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 which is covered by the Surety Bond over (b) the net proceeds realized by MLCC from the liquidation of the related Additional Collateral. Reserve Fund: None. Reserve Interest Rate: As defined in Section 5.08. Residual Certificate: Any Class R Certificate. Responsible Officer: When used with respect to the Trustee, any officer or assistant officer assigned to and working in the Corporate Trust Department of the Trustee and, also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer's knowledge of and familiarity with the particular subject. Restricted Certificate: Any Restricted Junior Certificate or Class PO Certificate. Restricted Junior Certificate: Any Class B3, Class B4 or Class B5 Certificate. S&P: Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc., and its successors. SAIF: The Savings Association Insurance Fund of the FDIC, or its successor in interest. Scheduled Balance: As to any Distribution Date and any Class of Scheduled Certificates and any Scheduled Component, the balance designated as such for such Distribution Date and such Class or Component as set forth in the Principal Balance Schedules. Scheduled Certificates: None. Scheduled Component: None. Scheduled Principal Balance: As to any Mortgage Loan and Distribution Date, the principal balance of such Mortgage Loan as of the Due Date in the month next preceding the month of such Distribution Date (or, if so specified, such other date) as specified in the amortization schedule at the time relating to such Mortgage Loan (before any 31 adjustment to such amortization schedule by reason of any bankruptcy or similar proceeding or any moratorium or similar waiver or grace period) after giving effect to any previous Principal Prepayments, Deficient Valuations incurred subsequent to the Bankruptcy Coverage Termination Date, adjustments due to the application of the Relief Act and the payment of principal due on such Due Date, irrespective of any delinquency in payment by the related Mortgagor. As to any Mortgage Loan and the Cut-off Date, the "unpaid balance" thereof specified in the initial Mortgage Loan Schedule. Security Agreement: With respect to a Cooperative Loan, the agreement creating a security interest in favor of the originator in the related Cooperative Stock and Proprietary Lease. Senior Certificate: Any Certificate other than a Junior Certificate. Senior Certificate Principal Balance: As of any Distribution Date, an amount equal to the sum of the Certificate Principal Balances of the Senior Certificates (other than any Class PO Certificates). Senior Optimal Principal Amount: As to any Distribution Date, an amount equal to the sum of: (i) the Senior Percentage of the applicable Non-PO Percentage of the principal portion of each Monthly Payment due on the related Due Date on each Outstanding Mortgage Loan as of such Due Date as specified in the amortization schedule at the time applicable thereto (after adjustments for previous Principal Prepayments and the principal portion of Debt Service Reductions subsequent to the Bankruptcy Coverage Termination Date but before any adjustment to such amortization schedule by reason of any bankruptcy (except as aforesaid) or similar proceeding or any moratorium or similar waiver or grace period); (ii) the Senior Prepayment Percentage of the applicable Non-PO Percentage of all principal prepayments in part received during the related Prepayment Period, together with the Senior Prepayment Percentage of the applicable Non-PO Percentage of the Scheduled Principal Balance of each Mortgage Loan which was the subject of a Voluntary Principal Prepayment in full during the related Prepayment Period; 32 (iii) the lesser of (x) the Senior Percentage of the applicable Non-PO Percentage of the sum of (A) the Scheduled Principal Balance of each Mortgage Loan that became a Liquidated Mortgage Loan (other than Mortgage Loans described in clause (B)) during the related Prepayment Period and (B) the Scheduled Principal Balance of each Mortgage Loan that was purchased by an insurer from the Trustee during the related Prepayment Period pursuant to the related Primary Insurance Policy, as reduced in each case by the Senior Percentage of the applicable Non-PO Percentage of the principal portion of any Excess Losses (other than Excess Bankruptcy Losses attributable to Debt Service Reductions), and (y) the Senior Prepayment Percentage of the applicable Non-PO Percentage of the sum of (A) all Net Liquidation Proceeds allocable to principal received in respect of each such Liquidated Mortgage Loan (other than Mortgage Loans described in clause (B)) and (B) the principal balance of each such Mortgage Loan purchased by an insurer from the Trustee pursuant to the related Primary Insurance Policy, in each case during the related Prepayment Period; (iv) the Senior Prepayment Percentage of the applicable Non-PO Percentage of the Scheduled Principal Balance of each Mortgage Loan which was purchased on such Distribution Date pursuant to Section 2.02, 2.03(a) or 3.16; and (v) the Senior Prepayment Percentage of the applicable Non-PO Percentage of the Substitution Amount for any Mortgage Loan substituted during the month of such Distribution Date. For purposes of clause (ii) above, a Voluntary Principal Prepayment in full with respect to a Mortgage Loan serviced by a Primary Servicer shall be deemed to have been received when the Company, as servicer, receives notice thereof. Senior Percentage: As to any Distribution Date, the lesser of (i) 100% and (ii) the percentage (carried to six places rounded up) obtained by dividing the Senior Certificate Principal Balance immediately prior to such Distribution Date by an amount equal to the sum of the Certificate Principal Balances of all the Certificates other than any Class PO Certificates immediately prior to such Distribution Date. Senior Prepayment Percentage: For any Distribution Date occurring prior to the fifth anniversary of the first 33 Distribution Date, 100%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date, an amount as follows: (i) for any Distribution Date subsequent to March 2003 to and including the Distribution Date in March 2004, the Senior Percentage for such Distribution Date plus 70% of the Junior Percentage for such Distribution Date; (ii) for any Distribution Date subsequent to March 2004 to and including the Distribution Date in March 2005, the Senior Percentage for such Distribution Date plus 60% of the Junior Percentage for such Distribution Date; (iii) for any Distribution Date subsequent to March 2005 to and including the Distribution Date in March 2006, the Senior Percentage for such Distribution Date plus 40% of the Junior Percentage for such Distribution Date; (iv) for any Distribution Date subsequent to March 2006 to and including the Distribution Date in March 2007, the Senior Percentage for such Distribution Date plus 20% of the Junior Percentage for such Distribution Date; and (v) for any Distribution Date thereafter, the Senior Percentage for such Distribution Date. Notwithstanding the foregoing, if on any Distribution Date the Senior Percentage exceeds the Senior Percentage as of the Closing Date, the Senior Prepayment Percentage for such Distribution Date will equal 100%. In addition, notwithstanding the foregoing, no reduction of the Senior Prepayment Percentage below the level in effect for the most recent prior period as set forth in clauses (i) through (iv) above shall be effective on any Distribution Date unless at least one of the following two tests is satisfied: Test I: If, as of the last day of the month preceding such Distribution Date, (i) the aggregate Scheduled Principal Balance of Mortgage Loans delinquent 60 days or more (including for this purpose any Mortgage Loans in foreclosure and REO Mortgage Loans) as a percentage of the aggregate Class Certificate Principal Balance of the Junior Certificates as of such date, does not exceed 50%, and (ii) cumulative Realized Losses with respect to the 34 Mortgage Loans do not exceed (a) 30% of the aggregate Class Certificate Principal Balance of the Junior Certificates as of the Closing Date (the "Original Subordinate Principal Balance") if such Distribution Date occurs between and including April 2003 and March 2004, (b) 35% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including April 2004 and March 2005, (c) 40% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including April 2005 and March 2006, (d) 45% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including April 2006 and March 2007 and (e) 50% of the Original Subordinate Principal Balance if such Distribution Date occurs during or after April 2007; or Test II: If, as of the last day of the month preceding such Distribution Date, (i) the aggregate Scheduled Principal Balance of Mortgage Loans delinquent 60 days or more (including for this purpose any Mortgage Loans in foreclosure and REO Mortgage Loans) averaged over the last three months, as a percentage of the aggregate Scheduled Principal Balance of Mortgage Loans averaged over the last three months, does not exceed 4%, and (ii) cumulative Realized Losses with respect to the Mortgage Loans do not exceed (a) 10% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including April 2003 and March 2004, (b) 15% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including April 2004 and March 2005, (c) 20% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including April 2005 and March 2006, (d) 25% of the Original Subordinate Principal Balance if such Distribution Date occurs between and including April 2006 and March 2007, and (e) 30% of the Original Subordinate Principal Balance if such Distribution Date occurs during or after April 2007. Servicer's Certificate: A certificate, completed by and executed on behalf of the Company by a Servicing Officer in accordance with Section 4.06, substantially in the form of Exhibit D hereto or in such other form as the Company and the Trustee shall agree. Servicing Fee: As to any Mortgage Loan and Distribution Date, the sum of (a) the Base Servicing Fee and (b) the Supplemental Servicing Fee. 35 Servicing Officer: Any officer of the Company involved in, or responsible for, the administration and servicing of the Mortgage Loans whose name appears on a list of servicing officers attached to an Officer's Certificate furnished to the Trustee by the Company, as such list may from time to time be amended. Single Certificate: A Certificate with an Initial Certificate Principal Balance, or initial Notional Principal Balance, of $1,000 or, in the case of a Class of Certificates issued with an initial Class Certificate Principal Balance or initial Notional Principal Balance of less than $1,000, such lesser amount. Special Hazard Loss: (i) A Realized Loss suffered by a Mortgaged Property on account of direct physical loss, exclusive of (a) any loss covered by a hazard policy or a flood insurance policy required to be maintained in respect of such Mortgaged Property under Section 3.06 and (b) any loss caused by or resulting from: (1) normal wear and tear; (2) conversion or other dishonest act on the part of the Trustee, the Company or any of their agents or employees; or (3) errors in design, faulty workmanship or faulty materials, unless the collapse of the property or a part thereof ensues; or (ii) any Realized Loss suffered by the Trust Fund arising from or related to the presence or suspected presence of hazardous wastes or hazardous substances on a Mortgaged Property unless such loss to a Mortgaged Property is covered by a hazard policy or a flood insurance policy required to be maintained in respect of such Mortgaged Property under Section 3.06. Special Hazard Loss Amount: As of any Distribution Date, an amount equal to $4,439,070 minus the sum of (i) the aggregate amount of Special Hazard Losses that would have been allocated to the Junior Certificates in accordance with Section 4.03 in the absence of the Loss Allocation Limitation and (ii) the Adjustment Amount (as defined below) as most recently calculated. On 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 lesser of (x) the greater of (A) the product of the Special Hazard Percentage for such anniversary 36 multiplied by the outstanding principal balance of all the Mortgage Loans on the Distribution Date immediately preceding such anniversary and (B) twice the outstanding principal balance of the Mortgage Loan which has the largest outstanding principal balance on the Distribution Date immediately preceding such anniversary, and (y) an amount calculated by the Company and approved by each Rating Agency, which amount shall not be less than $500,000. Special Hazard Percentage: As of each anniversary of the Cut-off Date, the greater of (i) 1.00% and (ii) the largest percentage obtained by dividing (x) the aggregate outstanding principal balance (as of the immediately preceding Distribution Date) of the Mortgage Loans secured by Mortgaged Properties located in a single, five-digit zip code area in the State of California by (y) the outstanding principal balance of all the Mortgage Loans as of the immediately preceding Distribution Date. Special Hazard Termination Date: The Distribution Date upon which the Special Hazard Loss Amount has been reduced to zero or a negative number (or the Cross-Over Date, if earlier). Specified Component: None. Startup Day: As defined in Section 2.06(c). Subordinate Certificates: As to any date of determination, first, the Class B5 Certificates until the Class Certificate Principal Balance thereof has been reduced to zero; second, the Class B4 Certificates until the Class Certificate Principal Balance thereof has been reduced to zero; third, the Class B3 Certificates until the Class Certificate Principal Balance thereof has been reduced to zero; fourth, the Class B2 Certificates until the Class Certificate Principal Balance thereof has been reduced to zero; fifth, the Class B1 Certificates until the Class Certificate Principal Balance thereof has been reduced to zero; and sixth, the Class M Certificates until the Class Certificate Principal Balance thereof has been reduced to zero. Subordinate Certificate Writedown Amount: As to any Distribution Date, first, any amount distributed to the Class PO Certificates on such Distribution Date pursuant to Section 4.01(a)(iv) and second, after giving effect to the application of clause first above, the amount by which (i) the sum of the Class Certificate Principal Balances of all the Certificates (after giving effect to the distribution of principal and the application of Realized Losses in reduction of the Certificate Principal Balances of the 37 related Certificates on such Distribution Date) exceeds (ii) the Pool Scheduled Principal Balance on the first day of the month of such Distribution Date less any Deficient Valuations occurring on or prior to the Bankruptcy Coverage Termination Date. Substitution Amount: With respect to any Mortgage Loan substituted pursuant to Section 2.03(b), the excess of (x) the Scheduled Principal Balance of the Mortgage Loan that is substituted for, over (y) the Scheduled Principal Balance of the related substitute Mortgage Loan, each balance being determined as of the date of substitution. Supplemental Servicing Fee: As to any Mortgage Loan and Distribution Date, an amount equal to the product of (i) the Scheduled Principal Balance of such Mortgage Loan as of the Due Date in the preceding calendar month and (ii) the Supplemental Servicing Fee Rate for such Mortgage Loan. The Supplemental Servicing Fee for any Distribution Date shall be reduced by its allocable share of Interest Shortfalls (as provided in the definition thereof) and any Interest Losses (in accordance with Section 3.08(d)). Supplemental Servicing Fee Rate: As to any Mortgage Loan and Distribution Date, a fixed rate per annum equal to the excess, if any, of the Net Mortgage Rate thereof over 6.75%. Surety: Ambac Assurance Corporation, or its successors in interest. Surety Bond: The Limited Purpose Surety Bond (Policy No. AB0039BE), dated February 28, 1996, issued by the Surety 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 Limited Purpose Surety Bond covers any Pledged Asset Mortgage Loans. TAC Balance: As to any Distribution Date and any Class of TAC Certificates and any TAC Component, the balance designated as such for such Distribution Date and such Class or Component as set forth in the Principal Balance Schedules attached as Exhibit B hereto. TAC Certificates: None. TAC Component: None. Trigger Event: Any one or more of the following: (i) if the Company is not a wholly-owned direct or indirect subsidiary of General Electric Company or if General Electric Capital Corporation shall not own (directly or 38 indirectly) at least two-thirds of the voting shares of the capital stock of the Company, (ii) if the long-term senior unsecured rating of General Electric Capital Corporation is downgraded or withdrawn by Fitch or S&P below their two highest rating categories, (iii) if General Electric Capital Corporation is no longer obligated pursuant to the terms of the support agreement, dated as of October 1, 1990, between General Electric Capital Corporation and the Company, to maintain the Company's net worth or liquidity (as such terms are defined therein) at the levels specified therein, or if such support agreement, including any amendment thereto, has been breached, terminated or otherwise held to be unenforceable and (iv) if such support agreement, including any amendment thereto, is amended or modified. Trust Fund: The corpus of the trust created by this Agreement evidenced by the Certificates and consisting of: (i) the Mortgage Loans; (ii) all payments on or collections in respect of such Mortgage Loans, except as otherwise described in the first paragraph of Section 2.01, including the proceeds from the liquidation of any Additional Collateral for any Pledged Asset Mortgage Loan; (iii) the obligation of the Company to deposit in the Certificate Account the amounts required by Sections 3.02(d), 3.02(e) and 4.04(a), and the obligation of the Trustee to deposit in the Certificate Account any amount required pursuant to Section 4.04(b); (iv) the obligation of the Company to purchase or replace any Defective Mortgage Loan pursuant to Section 2.02 or 2.03; (v) all property acquired by foreclosure or deed in lieu of foreclosure with respect to any REO Mortgage Loan; (vi) the proceeds of the Primary Insurance Policies, if any, and the hazard insurance policies required by Section 3.06, in each case, in respect of the Mortgage Loans, and the Company's interest in the Surety Bond transferred to the Trustee pursuant to Section 2.01; (vii) the Certificate Account established pursuant to Section 3.02(d); 39 (viii) the Eligible Account or Accounts, if any, established pursuant to Section 3.02(e); (ix) any collateral funds established to secure the obligations of the Holder of the Class B4 and Class B5 Certificates, respectively, under any agreements entered into between such holder and the Company pursuant to Section 3.08(e); and (x) all rights of the Company as assignee under any security agreements, pledge agreements or guarantees relating to the Additional Collateral supporting any Pledged Asset Mortgage Loan. Trustee: The institution executing this Agreement as Trustee, or its successor in interest, or if any successor trustee is appointed as herein provided, then such successor trustee so appointed. Unanticipated Recovery: As defined in Section 4.01(e) herein. Uninsured Cause: Any cause of damage to property subject to a Mortgage such that the complete restoration of the property is not fully reimbursable by the hazard insurance policies required to be maintained pursuant to Section 3.06. Unpaid Class Interest Shortfall: As to any Distribution Date and any Class of Certificates (other than any Class of Principal Only Certificates and any Class consisting of Specified Components) or any Specified Component (other than any Principal Only Component), the amount, if any, by which the aggregate of the Class Interest Shortfalls for such Class or in respect of such Specified Component for prior Distribution Dates is in excess of the aggregate amounts distributed on prior Distribution Dates to Holders of such Class of Certificates or in respect of such Specified Component (or added to the Class Certificate Principal Balance of any Class of Accrual Certificates, or to the Component Principal Balance of any Accrual Component constituting a Specified Component) pursuant to Section 4.01(a)(ii), in the case of the Senior Certificates (other than any Class of Principal Only Certificates) and any Specified Component thereof (other than any Principal Only Component), Section 4.01(a)(vi), in the case of the Class M Certificates, Section 4.01(a)(ix), in the case of the Class B1 Certificates, Section 4.01(a)(xii), in the case of the Class B2 Certificates, Section 4.01(a)(xv), in the case of the Class B3 Certificates, Section 4.01(a)(xviii), in the case of the Class B4 Certificates, and Section 4.01(a)(xxi), in the case of the Class B5 Certificates. As to any Class 40 of Certificates consisting of Specified Components and any Distribution Date, the sum of the Unpaid Class Interest Shortfalls for the Specified Components thereof on such date. Voluntary Principal Prepayment: With respect to any Distribution Date, any prepayment of principal received from the related Mortgagor on a Mortgage Loan. Voting Rights: The portion of the voting rights of all the Certificates that is allocated to any Certificate for purposes of the voting provisions of Section 10.01. At all times during the term of this Agreement, 100% of all Voting Rights shall be allocated among the Classes (and among the Certificates within each such Class) in proportion to their Class Certificate Principal Balances or Certificate Principal Balances, as the case may be. ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES Section 2.01. Conveyance of Mortgage Loans. (a) The Company, concurrently with the execution and delivery of this Agreement, does hereby transfer, assign, set-over and otherwise convey to the Trustee without recourse (except as provided herein) all the right, title and interest of the Company in and to the Mortgage Loans, including all interest and principal received by the Company on or with respect to the Mortgage Loans (other than payments of principal and interest due and payable on the Mortgage Loans on or before, and all Principal Prepayments received before, the Cut-off Date). In addition, with respect to any Pledged Asset Mortgage Loan, the Company does hereby transfer, assign, set-over and otherwise convey to the Trustee without recourse (except as provided herein) (i) its rights as assignee under any security agreements, pledge agreements or guarantees relating to the Additional Collateral supporting any Pledged Asset Mortgage Loan, (ii) its security interest in and to any Additional Collateral, (iii) its right to receive payments in respect of any Pledged Asset Mortgage Loan pursuant to the Pledged Asset Mortgage Servicing Agreement, and (iv) its rights as beneficiary under the Surety Bond in respect of any Pledged Asset Mortgage Loan. (b) In connection with such transfer and assignment, the Company does hereby deliver to the Trustee the following documents or instruments with respect to: 41 (1) Each Mortgage Loan (other than any Cooperative Loan or Designated Loan) so transferred and assigned: (i) The Mortgage Note, endorsed without recourse in blank by the Company, including all intervening endorsements showing a complete chain of endorsement from the originator to the Company; provided, however, that if such Mortgage Note is a Confirmatory Mortgage Note, such Confirmatory Mortgage Note may be payable directly to the Company or may show a complete chain of endorsement from the named payee to the Company; (ii) Any assumption and modification agreement; (iii) An assignment in recordable form (which may be included in a blanket assignment or assignments) of the Mortgage to the Trustee; and (2) Each Cooperative Loan (other than a Designated Loan) so transferred and assigned: (i) The Mortgage Note, endorsed without recourse in blank by the Company and showing an unbroken chain of endorsements from the originator to the Company; provided, however, that if such Mortgage Note is a Confirmatory Mortgage Note, such Confirmatory Mortgage Note may be payable directly to the Company or may show a complete chain of endorsement from the named payee to the Company; (ii) A counterpart of the Proprietary Lease and the Assignment of Proprietary Lease executed in blank or to the originator of the Cooperative Loan; (iii) The related Cooperative Stock Certificate, together with an undated stock power (or other similar instrument) executed in blank; (iv) A counterpart of the 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 in the Cooperative Stock and the Proprietary Lease; 42 (vii) If applicable, copies of the UCC-3 assignments of the security interest described in clause (vi) above, sent to the appropriate public office for filing, showing an unbroken chain of title from the originator to the Company, evidencing the security interest of the originator in the Cooperative Stock and the Proprietary Lease; (viii) An executed assignment (which may be a blanket assignment for all Cooperative Loans) of the interest of the Company in the Security Agreement, Assignment of Proprietary Lease and the recognition agreement described in clause (iv) above, showing an unbroken chain of title from the originator to the Trustee; and (ix) A UCC-3 assignment from the Company to the Trustee of the security interest described in clause (vi) above, in form suitable for filing, otherwise complete except for filing information regarding the original UCC-1 if unavailable (which may be included in a blanket assignment to the Trustee). In instances where a completed assignment of the Mortgage in recordable form cannot be delivered by the Company to the Trustee in accordance with Section 2.01(b)(1)(iii) prior to or concurrently with the execution and delivery of this Agreement, due to a delay in connection with recording of the Mortgage, the Company may, in lieu of delivering the completed assignment in recordable form, deliver to the Trustee the assignment in such form, otherwise complete except for recording information. (3) With respect to each Designated Loan, the Company does hereby deliver to the Trustee the Designated Loan Closing Documents. (c) In connection with each Mortgage Loan transferred and assigned to the Trustee, the Company shall deliver to the Trustee the following documents or instruments as promptly as practicable, but in any event within 30 days, after receipt by the Company of all such documents and instruments for all of the outstanding Mortgage Loans: (i) the Mortgage with evidence of recording indicated thereon (other than with respect to a Cooperative Loan); (ii) a copy of the title insurance policy (other than with respect to a Cooperative Loan); (iii) with respect to any Mortgage that has been assigned to the Company, the related recorded intervening 43 assignment or assignments of Mortgage, showing a complete chain of assignment from the originator to the Company (other than with respect to a Cooperative Loan); (iv) with respect to any Cooperative Loan that has been assigned to the Company, the related filed intervening UCC-3 financing statements (not previously delivered pursuant to Section 2.01(b)(2)(vii)), showing a complete chain of assignment from the named originator to the Company; and (v) with respect to any Mortgage Loan secured by a leasehold interest, a copy of the related lease. Pending such delivery, the Company shall retain in its files (a) copies of the documents described in clauses (i) and (iii) of the preceding sentence, without evidence of recording thereon, and (b) title insurance binders with respect to the Mortgage Loans (other than with respect to a Cooperative Loan). The Company shall also retain in its files evidence of any primary mortgage insurance relating to the Mortgage Loans during the period when the related insurance is in force. Such evidence shall consist, for each Mortgage Loan, of a certificate of private mortgage insurance relating to such Mortgage Loan or an electronic screen print setting forth the information contained in such certificate of private mortgage insurance, including, without limitation, information relating to the name of the mortgage insurance carrier, the certificate number, the loan amount, the property address, the effective date of coverage, the amount of coverage and the expiration date of the policy. (The copies of the Mortgage, intervening assignments of Mortgage, if any, title insurance binder and the Primary Insurance Policy, if any, described in the second and third preceding sentences are collectively referred to herein as the "Document File" with respect to each Mortgage Loan.) The Company shall advise the Trustee in writing if such delivery to the Trustee shall not have occurred on or before the first anniversary of the Closing Date. The Company shall promptly furnish to the Trustee the documents included in the Document Files (other than any such documents previously delivered to the Trustee as originals or copies) either (a) upon the written request of the Trustee or (b) when the Company or the Trustee obtains actual notice or knowledge of a Trigger Event. The Trustee shall have no obligation to request delivery of the Document Files unless a Responsible Officer of the Trustee has actual notice or knowledge of the occurrence of a Trigger Event. In the case of Mortgage Loans which have been prepaid in full after the Cut-off Date and prior to the date of execution and delivery of this Agreement, the Company, in lieu of delivering the above documents to the Trustee, herewith delivers to the Trustee a certification of a Servicing Officer of the nature set forth in Section 3.09. 44 (d) The Company shall not be required to record the assignments of the Mortgages referred to in Section 2.01(b)(1)(iii) or file the UCC-3 assignments referred to in Section 2.01(b)(2)(ix) to the Trustee unless the Company or the Trustee obtains actual notice or knowledge of the occurrence of any Trigger Event; provided, however, that such recording or filing shall not be required if the Company delivers to the Trustee a letter from each Rating Agency to the effect that the failure to take such action will not cause such Rating Agency to reduce or withdraw its then current ratings of the Certificates. The party obtaining actual notice or knowledge of any of such events shall give the other party prompt written notice thereof. For purposes of the foregoing (as well as for purposes of determining whether the Company shall be required to deliver the Document Files to the Trustee following the occurrence of a Trigger Event), the Company shall be deemed to have knowledge of any such downgrading referred to in the definition of Trigger Event if, in the exercise of reasonable diligence, the Company has or should have had knowledge thereof. As promptly as practicable subsequent to the Company's delivery or receipt of such written notice, as the case may be, the Company shall insert the recording or filing information in the assignments of the Mortgages or UCC-3 assignments to the Trustee and shall cause the same to be recorded or filed, at the Company's expense, in the appropriate public office for real property records or UCC financing statements, except that the Company need not cause to be so completed and recorded any assignment of mortgage which relates to a Mortgage Loan secured by property in a jurisdiction under the laws of which, on the basis of an Opinion of Counsel reasonably satisfactory to the Trustee and satisfactory to each Rating Agency (as evidenced in writing), recordation of such assignment is not necessary to protect the Trustee against discharge of such Mortgage Loan by the Company or any valid assertion that any Person other than the Trustee has title to or any rights in such Mortgage Loan. In the event that the Company fails or refuses to record or file the assignment of Mortgages or UCC-3 financing statement in the circumstances provided above, the Trustee shall record or cause to be recorded or filed such assignment or UCC-3 financing statement at the expense of the Company. In connection with any such recording or filing, the Company shall furnish such documents as may be reasonably necessary to accomplish such recording or filing. Notwithstanding the foregoing, at any time the Company may record or file, or cause to be recorded or filed, the assignments of Mortgages or UCC-3 financing statement at the expense of the Company. Section 2.02. Acceptance by Trustee. Subject to the examination hereinafter provided, the Trustee acknowledges receipt of the Mortgage Notes, the assignments of the Mortgages to the Trustee, the assumption and modification agreements, if any, the documents specified in Section 2.01(b)(2) (subject to any permitted delayed delivery of the documents described in 45 Section 2.01(c)(iv)), and the Designated Loan Closing Documents, if any, delivered pursuant to Section 2.01, and declares that the Trustee holds and will hold such documents and each other document delivered to it pursuant to Section 2.01 in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders. The Trustee agrees, for the benefit of Certificateholders, to review each Mortgage File within 45 days after (i) the execution and delivery of this Agreement, in the case of the Mortgage Notes, the assignments of the Mortgages to the Trustee, the assumption and modification agreements, if any, the documents specified in Section 2.01(b)(2) (subject to any permitted delayed delivery of the documents described in Section 2.01(c)(iv)), and the Designated Loan Closing Documents, if any, (ii) delivery to the Trustee after the Closing Date of the Mortgage Notes and the assumption and modification agreements, if any, with respect to each Designated Loan, and (iii) delivery of the recorded Mortgages, title insurance policies, recorded intervening assignments of Mortgage, if any, and filed intervening UCC-3 financing statements, if any, with respect to any Cooperative Loan to ascertain that all required documents set forth in Section 2.01 have been executed, received and recorded, if applicable, and that such documents relate to the Mortgage Loans identified in Exhibit C hereto. In performing such examination, the Trustee may conclusively assume the due execution and genuineness of any such document and the genuineness of any signature thereon. It is understood that the scope of the Trustee's examination of the Mortgage Files is limited solely to confirming, after receipt of the documents listed in Section 2.01, that such documents have been executed, received and recorded, if applicable, and relate to the Mortgage Loans identified in Exhibit C to this Agreement. If in the course of such review the Trustee finds (1) that any document required to be delivered as aforesaid has not been delivered, or (2) any such document has been mutilated, defaced or physically altered without the borrower's authorization or approval, or (3) based upon its examination of such documents, the information with respect to any Mortgage Loan set forth on Exhibit C is not accurate, the Trustee shall promptly so notify the Company in writing, which shall have a period of 60 days after receipt of such notice to correct or cure any such defect. The Company hereby covenants and agrees that, if any such material defect cannot be corrected or cured, the Company will on a Distribution Date which is not later than the first Distribution Date which is more than ten days after the end of such 60-day period repurchase the related Mortgage Loan from the Trustee at the Purchase Price therefor or replace such Mortgage Loan pursuant to Section 2.03(b); provided, however, that if the defect (or breach pursuant to Section 2.03(a)) is one that, had it been discovered before the Startup Day, would have prevented the Mortgage Loan from being a "qualified mortgage" within the meaning of the REMIC Provisions, such defect or breach shall be cured, or the related Mortgage Loan shall be repurchased or replaced, on a Distribution 46 Date which falls within 90 days of the date of discovery of such defect or breach. The Purchase Price for the repurchased Mortgage Loan, or any amount required in respect of a substitution pursuant to Section 2.03(b), shall be deposited by the Company in the Certificate Account pursuant to Section 3.02(d) on the Business Day prior to the applicable Distribution Date and, upon receipt by the Trustee of written notification of such deposit signed by a Servicing Officer, the Trustee shall release or cause to be released to the Company the related Mortgage File and shall execute and deliver or cause to be executed and delivered such instruments of transfer or assignment, in each case without recourse, as shall be necessary to vest in the Company any Mortgage Loan released pursuant hereto. It is understood and agreed that the obligation of the Company to repurchase or replace any Mortgage Loan as to which a material defect in a constituent document exists shall constitute the sole remedy respecting such defect available to Certificateholders or the Trustee on behalf of Certificateholders. Upon receipt by the Trustee of the Mortgage Note with respect to a Designated Loan that is not defective in accordance with the fifth sentence of the preceding paragraph, the related Lost Note Affidavit delivered pursuant to Section 2.01 shall be void and the Trustee shall return it to the Company. Section 2.03. Representations and Warranties of the Company; Mortgage Loan Repurchase. (a) The Company hereby represents and warrants to the Trustee that: (i) The information set forth in Exhibit C hereto was true and correct in all material respects at the date or dates respecting which such information is furnished; (ii) As of the date of the initial issuance of the Certificates, other than with respect to Cooperative Loans, each Mortgage is a valid and enforceable first lien on the property securing the related Mortgage Note subject only to (a) the lien of current real property taxes and assessments, (b) covenants, conditions and restrictions, rights of way, easements and other matters of public record as of the date of recording of such Mortgage, such exceptions appearing of record being acceptable to mortgage lending institutions generally in the area wherein the property subject to the Mortgage is located or specifically reflected in the appraisal obtained in connection with the origination of the related Mortgage Loan obtained by the Company and (c) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by such Mortgage; 47 (iii) Immediately prior to the transfer and assignment herein contemplated, the Company had good title to, and was the sole owner of, each Mortgage Loan and all action had been taken to obtain good record title to each related Mortgage. Each Mortgage Loan has been transferred free and clear of any liens, claims and encumbrances; (iv) As of the date of the initial issuance of the Certificates, no payment of principal of or interest on or in respect of any Mortgage Loan is 30 or more days past due and none of the Mortgage Loans have been past due 30 or more days more than once during the preceding 12 months; (v) As of the date of the initial issuance of the Certificates, other than with respect to Cooperative Loans, there is no mechanics' lien or claim for work, labor or material affecting the premises subject to any Mortgage which is or may be a lien prior to, or equal or coordinate with, the lien of such Mortgage except those which are insured against by the title insurance policy referred to in (x) below; (vi) As of the date of the initial issuance of the Certificates, other than with respect to Cooperative Loans, there is no delinquent tax or assessment lien against the property subject to any Mortgage; (vii) As of the date of the initial issuance of the Certificates, there is no valid offset, defense or counterclaim to any Mortgage Note or Mortgage, including the obligation of the Mortgagor to pay the unpaid principal and interest on such Mortgage Note; (viii) As of the date of the initial issuance of the Certificates, the physical property subject to any Mortgage (or, in the case of a Cooperative Loan, the related Cooperative Apartment) is free of material damage and is in good repair; (ix) Each Mortgage Loan at the time it was made complied in all material respects with applicable state and federal laws, including, without limitation, usury, equal credit opportunity and disclosure laws; (x) Other than with respect to Cooperative Loans, a lender's title insurance policy or binder, or other assurance of title insurance customary in the relevant jurisdiction therefor was issued on the date of the origination of each Mortgage Loan and each such policy or binder is valid and remains in full force and effect; 48 (xi) None of the Mortgage Loans constitute Pledged Asset Mortgage Loans. The Loan-to-Value Ratio of each Mortgage Loan was not more than 95%. As of the Cut-off Date, no more than 15.25% of the Mortgage Loans by Scheduled Principal Balance had Loan-to-Value Ratios of more than 80% and each such Mortgage Loan is covered by a Primary Insurance Policy so long as its then outstanding principal amount exceeds 80% of the greater of (a) the Original Value and (b) the then current value of the related Mortgaged Property as evidenced by an appraisal thereof satisfactory to the Company. Each Primary Insurance Policy is issued by a private mortgage insurer acceptable to FNMA or FHLMC; (xii) Each Mortgage Note is payable on the first day of each month in self-amortizing monthly installments of principal and interest, with interest payable in arrears, over an original term of not more than thirty years. The Mortgage Rate of each Mortgage Note of the related Mortgage Loan was not less than 6.625% per annum and not greater than 9.500% per annum. The Mortgage Rate of each Mortgage Note is fixed for the life of the related Mortgage Loan; (xiii) Other than with respect to Cooperative Loans, the improvements on the Mortgaged Properties are insured against loss under a hazard insurance policy with extended coverage and conforming to the requirements of Section 3.06 hereof. As of the date of initial issuance of the Certificates, all such insurance policies are in full force and effect; (xiv) As of the Cut-off Date, (i) no more than 10.25% of the Mortgage Loans by Scheduled Principal Balance had a Scheduled Principal Balance of more than $500,000 and up to and including $750,000; (ii) no more than 1.75% of the Mortgage Loans by Scheduled Principal Balance had a Scheduled Principal Balance of more than $750,000 and up to and including $1,000,000; and (iii) none of the Mortgage Loans by Scheduled Principal Balance had a Scheduled Principal Balance of more than $1,000,000; (xv) As of the Cut-off Date, no more than 0.75% of the Mortgage Loans by Scheduled Principal Balance are secured by Mortgaged Properties located in any one postal zip code area; (xvi) As of the Cut-off Date, at least 98.0% of the Mortgage Loans by Scheduled Principal Balance are secured by Mortgaged Properties determined by the Company to be the primary residence of the Mortgagor. The basis for such determination is the making of a representation by the Mortgagor at origination that he or she intends to occupy the underlying property; 49 (xvii) As of the Cut-off Date, at least 91.75% of the Mortgage Loans by Scheduled Principal Balance are secured by one-family detached residences; (xviii) As of the Cut-off Date, no more than 3.75% of the Mortgage Loans by Scheduled Principal Balance are secured by condominiums and, as of the Cut-off Date, no more than 1.00% of the Mortgage Loans by Scheduled Principal Balance are secured by two- to four-family residential properties. As to each condominium or related Mortgage Loan, (a) the related condominium is in a project that is on the FNMA or FHLMC approved list, (b) the related condominium is in a project that, upon submission of appropriate application, could be so approved by either FNMA or FHLMC, (c) the related Mortgage Loan meets the requirements for purchase by FNMA or FHLMC, (d) the related Mortgage Loan is of the type that could be approved for purchase by FNMA or FHLMC but for the principal balance of the related Mortgage Loan or the pre-sale requirements or (e) the related Mortgage Loan has been approved by a nationally recognized mortgage pool insurance company for coverage under a mortgage pool insurance policy issued by such insurer. As of the Cut-off Date, no more than 0.25% of the Mortgage Loans by Scheduled Principal Balance are secured by condominiums located in any one postal zip code area; (xix) Other than with respect to Cooperative Loans, no more than 0.25% of the Mortgage Loans are secured by a leasehold interest in the related Mortgaged Property and each Mortgagor holds fee title to the related Mortgaged Property; with respect to any Mortgage Loan secured by a leasehold interest, the related lease has a term which extends not less than five years beyond the maturity date of such Mortgage Loan; (xx) As of the Cut-off Date, no more than 0.50% of the Mortgage Loans by Scheduled Principal Balance constituted Buydown Mortgage Loans. The maximum Buydown Period for any Buydown Mortgage Loan is three years, and the maximum difference between the stated Mortgage Rate of any Buydown Mortgage Loan and the rate paid by the related Mortgagor is three percentage points. The portion of the interest rate paid by the related Mortgagor will not increase by more than one percentage point for each six-month period. (xxi) The original principal balances of the Mortgage Loans range from $40,000 to $990,000; (xxii) As of the Cut-off Date, no more than 1.5% of the Mortgage Loans by Scheduled Principal Balance are secured by second homes and no more than 0.5% of the Mortgage Loans by 50 Scheduled Principal Balance are secured by investor-owned properties; (xxiii) All appraisals have been prepared substantially in accordance with the description contained under the caption "The Trust Fund - The Mortgage Loans" in the prospectus dated March 19, 1998, included in the registration statement on Form S-3 (file no. 333-43755) filed by the Company with the Securities and Exchange Commission with respect to the offer and sale of certain Classes of the Certificates; (xxiv) No selection procedures, other than those necessary to comply with the representations and warranties set forth herein or the description of the Mortgage Loans made in any disclosure document delivered to prospective investors in the Certificates, have been utilized in selecting the Mortgage Loans from the Company's portfolio which would be adverse to the interests of the Certificateholders; (xxv) Other than with respect to Cooperative Loans, to the best of the Company's knowledge, at origination no improvement located on or being part of a Mortgaged Property was in violation of any applicable zoning and subdivision laws and ordinances; (xxvi) None of the Mortgage Loans is a temporary construction loan. With respect to any Mortgaged Property which constitutes new construction, the related construction has been completed substantially in accordance with the specifications therefor and any incomplete aspect of such construction shall not be material or interfere with the habitability or legal occupancy of the Mortgaged Property. Mortgage Loan amounts sufficient to effect any such completion are in escrow for release upon or in connection with such completion or a performance bond or completion bond is in place to provide funds for this purpose and such completion shall be accomplished within 120 days after weather conditions permit the commencement thereof; (xxvii) As of the Closing Date, each Mortgage Loan is a "qualified mortgage" as defined in Section 860G(a)(3) of the Code; (xxviii) As of the Closing Date, the Company possesses the Document File with respect to each Mortgage Loan, and, other than with respect to Cooperative Loans, the related Mortgages and intervening assignment or assignments of Mortgages, if any, have been delivered to a title insurance company for recording; and 51 (xxix) As of the Cut-Off Date, 0.26% of the Mortgage Loans, by Scheduled Principal Balance, are Cooperative Loans. With respect to each Cooperative Loan: (A) The Security Agreement creates a first lien in the stock ownership and leasehold rights associated with the related Cooperative Apartment; (B) The lien created by the related Security Agreement is a valid, enforceable and subsisting first priority security interest in the related Cooperative Stock securing the related Mortgage Note, subject only to (a) liens of the Cooperative for unpaid assessments representing the Mortgagor's pro rata share of the Cooperative's payments for its blanket mortgage, current and future real property taxes, insurance premiums, maintenance fees and other assessments to which like collateral is commonly subject and (b) other matters to which like collateral is commonly subject which do not materially interfere with the benefits of the security intended to be provided by the Security Agreement. There are no liens against or security interest in the Cooperative Stock relating to such Cooperative Loan (except for unpaid maintenance, assessments and other amounts owed to the related Cooperative which individually or in the aggregate do not have a material adverse effect on such Cooperative Loan), which have priority over the Trustee's security interest in such Cooperative Stock; (C) The Cooperative Stock that is pledged as security for the Mortgage Loan is held by a person as a "tenant-stockholder" within the meaning of section 216 of the Code, the related Cooperative that owns title to the related cooperative apartment building is a "cooperative housing corporation" within the meaning of section 216 of the Code, and such Cooperative is in material compliance with applicable federal, state and local laws which, if not complied with, could have a material adverse effect on the Mortgaged Property; and (D) There is no prohibition against pledging the Cooperative Stock or assigning the Proprietary Lease. It is understood and agreed that the representations and warranties set forth in this Section 2.03(a) shall survive delivery of the respective Mortgage Files to the Trustee. Upon discovery by either the Company or the Trustee of a breach of any of the foregoing representations and warranties which materially and adversely affects the interests of the Certificateholders in the related Mortgage Loan, the party discovering such breach shall give prompt written notice to the other. Subject to the 52 following sentence, within 60 days of its discovery or its receipt of notice of breach, or, with the prior written consent of a Responsible Officer of the Trustee, such longer period specified in such consent, the Company shall cure such breach in all material respects or shall repurchase such Mortgage Loan from the Trustee or replace such Mortgage Loan pursuant to Section 2.03(b). Any such repurchase by the Company shall be accomplished in the manner set forth in Section 2.02, subject to the proviso of the third-to-last sentence thereof, and at the Purchase Price. It is understood and agreed that the obligation of the Company to repurchase or replace any Mortgage Loan as to which a breach occurred and is continuing shall constitute the sole remedy respecting such breach available to Certificateholders or the Trustee on behalf of Certificateholders and such obligation of the Company to repurchase or replace any such Mortgage Loan shall not be assumed by any Person which may succeed the Company as servicer hereunder, but shall continue as an obligation of the Company. Notwithstanding the preceding sentence, if a breach of the representation and warranty of the Company contained in Section 2.03(a)(ix) occurs as a result of a violation of the federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq., as amended ("TILA") or any state truth-in lending or similar statute, and the Trustee or the Trust Fund is named as a defendant in a TILA suit or a suit under any such statutes in respect of such violation and liability in respect thereof is imposed upon the Trustee or the Trust Fund as assignees of the related Mortgage Loan pursuant to Section 1641 of TILA, or any analogous provision of any such statute, the Company shall indemnify the Trustee and the Trust Fund from, and hold them harmless against, any and all losses, liabilities, damages, claims or expenses (including reasonable attorneys' fees) to which the Trustee and the Trust Fund, or either of them, become subject pursuant to TILA or any such statute, insofar as such losses, damages, claims or expenses (including reasonable attorneys' fees) result from such violation. The Company's obligations under the preceding sentence shall not impair or derogate from the Company's obligations to the Trustee under Section 8.05. (b) If the Company is required to repurchase any Mortgage Loan pursuant to Section 2.02 or 2.03(a), the Company may, at its option, within the applicable time period specified in such respective Sections, remove such Defective Mortgage Loan from the terms of this Agreement and substitute one or more other mortgage loans for such Defective Mortgage Loan, in lieu of repurchasing such Defective Mortgage Loan, provided that no such substitution shall occur more than two years after the Closing Date. Any substitute Mortgage Loan shall (a) have a Scheduled Principal Balance (together with that of any other Mortgage Loan substituted for the same Defective Mortgage Loan) as of the first Distribution Date following the month of substitution not in excess of the Scheduled Principal Balance of the Defective 53 Mortgage Loan as of such date (the amount of any difference, plus one month's interest thereon at the respective Remittance Rate, to be deposited by the Company in the Certificate Account pursuant to Section 2.02), (b) have a Mortgage Rate not less than, and not more than one percentage point greater than, the Mortgage Rate of the Defective Mortgage Loan, (c) have the same Net Mortgage Rate as the Defective Mortgage Loan, (d) have a remaining term to stated maturity not later than, and not more than one year less than, the remaining term to stated maturity of the Defective Mortgage Loan, (e) be, in the reasonable determination of the Company, of the same type, quality and character as the Defective Mortgage Loan as if the defect or breach had not occurred, (f) have a ratio of its current principal amount to its Original Value not greater than that of the removed Mortgage Loan and (g) be, in the reasonable determination of the Company, in compliance with the representations and warranties contained in Section 2.03(a) as of the date of substitution. The Company shall amend the Mortgage Loan Schedule to reflect the withdrawal of any Defective Mortgage Loan and the substitution of a substitute Mortgage Loan therefor. Upon such amendment the Company shall be deemed to have made as to such substitute Mortgage Loan the representations and warranties set forth in Section 2.03(a) as of the date of such substitution, which shall be continuing as long as any Certificate shall be outstanding or this Agreement has not been terminated, and the remedies for breach of any such representation or warranty shall be as set forth in Section 2.03(a). Upon such amendment, the Trustee shall review the Mortgage File delivered to it relating to the substitute Mortgage Loan, within the time and in the manner and with the remedies specified in Section 2.02, except that for purposes of this Section 2.03(b) (other than the two-year period specified in the first sentence of the preceding paragraph of this Section 2.03(b)), such time shall be measured from the date of the applicable substitution. Section 2.04. Execution of Certificates. The Trustee has caused to be executed, countersigned and delivered to or upon the order of the Company, in exchange for the Mortgage Loans, the Certificates in authorized denominations evidencing the entire ownership of the Trust Fund. Section 2.05. Designations under the REMIC Provisions. (a) The Company hereby designates the Classes of Certificates identified in Section 5.01(b), other than the Residual Certificates, as "regular interests," and the Class R Certificate as the single class of "residual interest," in the REMIC established hereunder for purposes of the REMIC Provisions. (b) The Closing Date will be the "Startup Day" for the REMIC established hereunder for purposes of the REMIC Provisions. 54 (c) The "tax matters person" with respect to the REMIC established hereunder for purposes of the REMIC Provisions shall be (i) the Company, if the Company is the owner of a Class R Certificate, or (ii) in any other case, the beneficial owner of the Class R Certificate having the largest Percentage Interest of such Class; provided, however, that such largest beneficial owner and, to the extent relevant, each other holder of a Class R Certificate, by its acceptance thereof irrevocably appoints the Company as its agent and attorney-in-fact to act as "tax matters person" with respect to the REMIC established hereunder for purposes of the REMIC Provisions. (d) The "latest possible maturity date" of the regular interests in the REMIC established hereunder is the Latest Possible Maturity Date for purposes of section 860G(a)(1) of the Code. (e) In no event shall the assets described in clause (x) of the definition of the term Trust Fund constitute a part of the REMIC established hereunder. (f) In the event that the Servicing Fee exceeds the amount reasonable for such services (within the meaning of Treasury Regulation 1.860D-1(b)(1)(ii)), the portion or portions of such fee that can be measured as a fixed number of basis points on some or all of the Mortgage Loans and can be treated as one or more stripped coupons within the meaning of Treasury Regulation 1.860D-1(b)(2)(iii) shall be treated as such stripped coupons and shall not be treated as a REMIC asset. ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 3.01. Company to Act as Servicer. (a) It is intended that the REMIC established hereunder shall constitute, and that the affairs of the REMIC shall be conducted so as to qualify the Trust Fund (other than any collateral fund established under the agreement referred to in Section 3.08(e)), as a "real estate mortgage investment conduit" as defined in and in accordance with the REMIC Provisions. In furtherance of such intention, the Company covenants and agrees that it shall act as agent (and the Company is hereby appointed to act as agent) on behalf of the Trust Fund and the Holders of the Residual Certificates and that in such capacity it shall: (i) prepare and file, or cause to be prepared and filed, in a timely manner, a U.S. Real Estate Mortgage Investment Conduit Income Tax Return (Form 1066) and prepare and file or cause to be prepared and filed with the Internal 55 Revenue Service and applicable state or local tax authorities income tax or information returns for each taxable year with respect to the REMIC established hereunder, using the calendar year as the taxable year and the accrual method of accounting, containing such information and at the times and in the manner as may be required by the Code or state or local tax laws, regulations, or rules, and shall furnish or cause to be furnished to Certificateholders the schedules, statements or information at such times and in such manner as may be required thereby; (ii) within thirty days of the Closing Date, shall furnish or cause to be furnished to the Internal Revenue Service, on Form 8811 or as otherwise may be required by the Code, the name, title, address, and telephone number of the person that the holders of the Certificates may contact for tax information relating thereto (and the Company shall act as the representative of the REMIC established hereunder for this purpose), together with such additional information as may be required by such Form, and shall update such information at the time or times and in the manner required by the Code; (iii) make or cause to be made an election, on behalf of the REMIC established hereunder, to be treated as a REMIC, and make the appropriate designations, if applicable, in accordance with Section 2.05 hereof on the federal tax return of the Trust Fund for its first taxable year (and, if necessary, under applicable state law); (iv) prepare and forward, or cause to be prepared and forwarded, to the Certificateholders and to the Internal Revenue Service and, if necessary, state tax authorities, all information returns or reports, or furnish or cause to be furnished by telephone, mail, publication or other appropriate method such information, as and when required to be provided to them in accordance with the REMIC Provisions, including without limitation, the calculation of any original issue discount using the Prepayment Assumption Multiple; (v) provide information necessary for the computation of tax imposed on the transfer of a Residual Certificate to a Disqualified Organization, or an agent (including a broker, nominee or other middleman) of a Disqualified Organization, or a pass-through entity in which a Disqualified Organization is the record holder of an interest (the reasonable cost of computing and furnishing such information may be charged to the Person liable for such tax); 56 (vi) use its best reasonable efforts to conduct the affairs of the REMIC established hereunder at all times that any Certificates are outstanding so as to maintain the status thereof as a REMIC under the REMIC Provisions; (vii) not knowingly or intentionally take any action or omit to take any action that would cause the termination of the REMIC status of the REMIC or that would subject the Trust Fund to tax, except for taxes for which the Company is required to indemnify the REMIC pursuant to Section 3.01(c); (viii) exercise reasonable care not to allow the creation of any "interests" in the REMIC within the meaning of section 860D(a)(2) of the Code other than the interests represented by the Classes of Certificates identified in Section 5.01(b); (ix) exercise reasonable care not to allow the occurrence of any "prohibited transactions" within the meaning of section 860F of the Code, unless the Company shall have provided an Opinion of Counsel to the Trustee that such occurrence would not (a) result in a taxable gain, (b) otherwise subject the Trust Fund to tax, or (c) cause the REMIC established hereunder to fail to qualify as a REMIC; (x) exercise reasonable care not to allow the Trust Fund to receive income from the performance of services or from assets not permitted under the REMIC Provisions to be held by a REMIC; (xi) pay the amount of any federal or state tax, including prohibited transaction taxes, taxes on certain contributions to the REMIC after the Startup Day, and taxes on net income from foreclosure property, imposed on the Trust Fund when and as the same shall be due and payable (but such obligation shall not prevent the Company or any other appropriate Person from contesting any such tax in appropriate proceedings and shall not prevent the Company from withholding payment of such tax, if permitted by law, pending the outcome of such proceedings); (xii) ensure that federal, state or local income tax or information returns shall be signed by the Trustee or such other person as may be required to sign such returns by the Code or state or local laws, regulations or rules; and (xiii) maintain such records relating to the REMIC established hereunder, including but not limited to the income, expenses, individual Mortgage Loans (including Mortgaged Property), other assets and liabilities thereof, and the fair market value and adjusted basis of the property 57 of each determined at such intervals as may be required by the Code, as may be necessary to prepare the foregoing returns, schedules, statements or information. The Company shall be entitled to be reimbursed pursuant to Section 3.04 for any federal income taxes paid by it pursuant to clause (xi) of the preceding sentence, except to the extent that such taxes are imposed as a result of the bad faith, misfeasance or negligence of the Company in the performance of its obligations hereunder. The Company shall not be entitled to be reimbursed for any taxes paid pursuant to the indemnification provisions of Section 3.01(c) (except as provided therein). With respect to any reimbursement of prohibited transaction taxes, the Company shall inform the Trustee of the circumstances under which such taxes were incurred. (b) The Company shall service and administer the Mortgage Loans and shall have full power and authority, acting alone or through one or more Primary Servicers, to do any and all things in connection with such servicing and administration which it may deem necessary or desirable. Without limiting the generality of the foregoing, the Company shall continue, and is hereby authorized and empowered by the Trustee, to execute and deliver, or file, as appropriate, on behalf of itself, the Certificateholders and the Trustee or any of them, any and all continuation statements, termination statements, instruments of satisfaction or cancellation, or of partial or full release or discharge and all other comparable instruments, with respect to the Mortgage Loans and with respect to the properties subject to the Mortgages. Without limitation of the foregoing, if the Company in its individual capacity agrees to refinance any Mortgage Loan upon the request of the related Mortgagor, the Company, as servicer hereunder, may execute an instrument of assignment in customary form to the Company in its individual capacity. In connection with any such refinancing, the Trustee shall, upon certification of a Servicing Officer to the effect that an amount equal to the principal balance of the related Mortgage Loan together with accrued and unpaid interest thereon at the applicable Remittance Rate to the date of such certification has been credited to the Mortgage Loan Payment Record, release the related Mortgage File to the Company whereupon the Company may cancel the related Mortgage Note. Upon request by the Company after the execution and delivery of this Agreement, the Trustee shall furnish the Company with any powers of attorney and other documents necessary or appropriate to enable the Company to carry out its servicing and administrative duties hereunder. Except as otherwise provided herein, the Company shall maintain servicing standards substantially equivalent to those required for approval by FNMA or FHLMC. The Company shall not agree to any modification of the material terms of any Mortgage Loan except as provided in the second sentence of Section 3.02(a) and in Section 3.07. The Company shall not 58 release any portion of any Mortgaged Property from the lien of the related Mortgage unless the related Mortgage Loan would be a "qualified mortgage" within the meaning of the REMIC Provisions following such release. (c) [Intentionally Omitted.] (d) The relationship of the Company (and of any successor to the Company as servicer under this Agreement) to the Trustee under this Agreement is intended by the parties to be that of an independent contractor and not that of a joint venturer, partner or agent. (e) All costs incurred by the Company 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 Certificateholders, be added to the amount owing under the related Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit, and such costs shall be recoverable by the Company to the extent permitted by Section 3.04. The Company shall collect such amounts from the Mortgagor and shall credit the Mortgage Loan Payment Record accordingly. (f) If the Company enters into a servicing agreement with any servicer (a "Primary Servicer") pursuant to which such Primary Servicer shall directly service certain Mortgage Loans and the Company shall perform master servicing with respect thereto, the Company shall not be released from its obligations to the Trustee and Certificateholders with respect to the servicing and administration of the Mortgage Loans in accordance with the provisions of Article III hereof and such obligations shall not be diminished by virtue of any such servicing agreement or arrangement and the Company shall be obligated to the same extent and under the same terms and conditions as if the Company alone were servicing and administering the Mortgage Loans. Any amounts received by a Primary Servicer in respect of a Mortgage Loan shall be deemed to have been received by the Company whether or not actually received by it. Any servicing agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Primary Servicer in its capacity as such shall be deemed to be between the Company and the Primary Servicer alone, and the Trustee and the Certificateholders shall have no claims, obligations, duties or liabilities with respect thereto. Notwithstanding the foregoing, in the event the Company has been removed as the servicer hereunder pursuant to Section 6.04 or Section 7.01, the Trustee or any successor servicer appointed pursuant to Section 7.02 shall succeed to all of the Company's rights and interests (but not to any obligations or liabilities of the Company arising prior to the date of succession) under any servicing agreement with any Primary 59 Servicer in respect of the Mortgage Loans, subject to the limitation on the Trustee's responsibilities under Section 7.02. (g) In no event shall any collateral fund established under the agreement referred to in Section 3.08(e) constitute an asset of any REMIC established hereunder. Section 3.02. Collection of Certain Mortgage Loan Payments; Mortgage Loan Payment Record; Certificate Account. (a) The Company 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, follow such collection procedures as it follows with respect to mortgage loans comparable to the Mortgage Loans in its servicing portfolio. Consistent with the foregoing, the Company may in its discretion (i) waive any late payment charge or any assumption fees or other fees which may be collected in the ordinary course of servicing such Mortgage Loan and (ii) if a default on the Mortgage Loan has occurred or is reasonably foreseeable, arrange at any time prior to foreclosure with a Mortgagor a schedule for the payment of due and unpaid principal and interest for a period extending not longer than two years after the date that such schedule is arranged. Any arrangement of the sort described in clause (ii) above shall not affect the amount or timing of the Company's obligation to make Monthly Advances with respect to any Mortgage Loan which Monthly Advances shall be made pursuant to the original amortization schedule applicable to such Mortgage Loan. (b) The Company shall establish and maintain a Mortgage Loan Payment Record in which the following payments on and collections in respect of each Mortgage Loan shall as promptly as practicable be credited by the Company for the account of the Holders of the Certificates: (i) All payments on account of principal, including Principal Prepayments (other than (A) payments of principal due and payable on the Mortgage Loans on or before, and all Principal Prepayments received before, the Cut-off Date, (B) in the case of a substitute Mortgage Loan, payments of principal due and payable on such Mortgage Loan on or before the Determination Date in the month of substitution, and all Principal Prepayments received before the first day of the month of substitution, and (C) in the case of a replaced Mortgage Loan, payments of principal due and payable on such Mortgage Loan after the Determination Date in the month of substitution, and all Principal Prepayments received in the month of substitution); (ii) All payments (other than (A) those due and payable on or before the Cut-off Date, (B) in the case of a substitute Mortgage Loan, those due and payable on such 60 Mortgage Loan on or before the Determination Date in the month of substitution, and (C) in the case of a replaced Mortgage Loan, those due and payable on such Mortgage Loan after the Determination Date in the month of substitution) on account of interest at the applicable Remittance Rate on the Mortgage Loan received from the related Mortgagor, including any Buydown Funds applied with respect to interest at the applicable Remittance Rate on any Buydown Mortgage Loan; (iii) All Liquidation Proceeds received by the Company with respect to such Mortgage Loan and the Purchase Price for any Mortgage Loan purchased by the Company pursuant to Sections 2.02, 2.03 and 3.16 (including any amounts received in respect of a substitution of a Mortgage Loan); (iv) All Insurance Proceeds (including, for this purpose, any amounts required to be credited by the Company pursuant to the last sentence of Section 3.06) received by the Company for the benefit of the Trust Fund, other than proceeds to be applied to the restoration or repair of the property subject to the related Mortgage or released, or to be released, to the related Mortgagor in accordance with the normal servicing procedures of the Company; (v) All REO Proceeds; (vi) All Unanticipated Recoveries; and (vii) All amounts received by the Company with respect to any Pledged Asset Mortgage Loan pursuant to the liquidation of any Additional Collateral or pursuant to any recovery under the Surety Bond in accordance with Section 4.09. The foregoing requirements respecting credits to the Mortgage Loan Payment Record are exclusive, it being understood that, without limiting the generality of the foregoing, the Company need not enter in the Mortgage Loan Payment Record collections, Liquidation Proceeds or Insurance Proceeds in respect of Mortgage Loans which have been previously released from the terms of this Agreement, amounts representing fees or late charge penalties payable by Mortgagors, or amounts received by the Company for the account of Mortgagors for application towards the payment of taxes, insurance premiums, assessments and similar items. (c) Subject to subsection (e) below, until the Business Day prior to each Distribution Date on which amounts are required to be transferred to the Certificate Account pursuant to subsection (d) of this Section 3.02, the Company may retain and commingle such amounts with its own funds and shall be entitled to retain for its own account any gain or investment income 61 thereon, and any such investment income shall not be subject to any claim of the Trustee or Certificateholders. To the extent that the Company realizes any net loss on any such investments, the Company shall deposit in the Certificate Account an amount equal to such net loss at the time the Company is required to deposit amounts in the Certificate Account pursuant to subsection (d) of this section 3.02. Any such deposit shall not increase the Company's obligation under said subsection (d). (d) The Trustee shall establish and maintain with the Trustee in its corporate trust department a single separate trust account designated in the name of the Trustee for the benefit of the Holders of the Certificates issued hereunder (the "Certificate Account") into which the Company shall transfer, not later than 11:00 a.m. New York time on the Business Day prior to each Distribution Date, an amount in next day funds equal to the sum of Available Funds for such Distribution Date and any Unanticipated Recoveries received in the calendar month preceding the month of such Distribution Date. If the Trustee does not receive such transfer by 2:00 p.m. on such Business Day, it shall give the Company written notice thereof. (e) If the Company or a Responsible Officer of the Trustee obtains actual notice of or knowledge of the occurrence of either (x) any Trigger Event or (y) the downgrade by S&P of General Electric Capital Corporation's short-term senior unsecured debt rating below A-1+ then, notwithstanding subsection (c) above, the Company shall promptly establish, and thereafter maintain, one or more Eligible Accounts in the name of the Trustee and bearing a designation indicating that amounts therein are held for the benefit of the Trustee and the Certificateholders, into which the Company and any Primary Servicer shall deposit within two Business Days after receipt, all amounts otherwise required to be credited to the Mortgage Loan Payment Record pursuant to Section 3.02(b); provided, however, that such action shall not be required if the Company delivers to the Trustee a letter from each Rating Agency to the effect that the failure to take such action will not cause such Rating Agency to withdraw or reduce its then current ratings of the Certificates. All amounts so deposited shall be held in trust for the benefit of Certificateholders. Amounts so deposited may be invested at the written instruction of the Company in Permitted Investments in the name of the Trustee maturing no later than the Business Day preceding the Distribution Date following the date of such investment; provided, however, that any such Permitted Investment which is an obligation of State Street Bank and Trust Company, in its individual capacity and not in its capacity as Trustee, may mature on such Distribution Date; and, provided further, that no such Permitted Investment shall be sold before the maturity thereof if the sale thereof would result in the realization of gain prior to maturity unless the Company has obtained an Opinion 62 of Counsel that such sale or disposition will not cause the Trust Fund to be subject to the tax on prohibited transactions under section 860F of the Code, or otherwise subject the Trust Fund to tax or cause the REMIC established hereunder to fail to qualify as a REMIC. The Trustee shall maintain physical possession of all Permitted Investments, other than Permitted Investments maintained in book-entry form. The Company, as servicer, shall be entitled to retain for its own account any gain or other income from Permitted Investments, and neither the Trustee nor Cer- tificateholders shall have any right or claim with respect to such income. The Company shall deposit an amount equal to any loss realized on any Permitted Investment as soon as any such loss is realized. If the provisions in this subsection (e) become operable, references in this Agreement to the Mortgage Loan Payment Record and credits and debits to such Record shall be deemed to refer to Eligible Accounts and transfers to and withdrawals from such Eligible Accounts. Any action which may be necessary to establish the terms of an account pursuant to this Section 3.02(e) may be taken by an amendment or supplement to this Agreement or pursuant to a written order of the Company, which amendment, supplement or order shall not require the consent of Certificateholders, provided that the Company has delivered to the Trustee a letter from each Rating Agency to the effect that such amendment, supplement or order will not cause such Rating Agency to withdraw or reduce its then current ratings of the Certificates. Section 3.03. Collection of Taxes, Assessments and Other Items. Other than with respect to any Cooperative Loan, the Company shall establish and maintain with one or more depository institutions one or more accounts into which it shall deposit all collections of taxes, assessments, private mortgage or hazard insurance premiums or comparable items for the account of the Mortgagors. As servicer, the Company shall effect the timely payment of all such items for the account of Mortgagors. Withdrawals from such account or accounts may be made only to effect payment of taxes, assessments, private mortgage or standard hazard insurance premiums or comparable items, to reimburse the Company out of related collections for any payments made regarding taxes and assessments or for any payments made pursuant to Section 3.05 regarding premiums on Primary Insurance Policies and Section 3.06 regarding premiums on standard hazard insurance policies, to refund to any Mortgagors any sums determined to be overages, or to pay interest owed to Mortgagors to the extent required by law. Section 3.04. Permitted Debits to the Mortgage Loan Payment Record. The Company (or any successor servicer pursuant to Section 7.02) may, from time to time, make debits to the Mortgage Loan Payment Record for the following purposes: 63 (i) To reimburse the Company or the applicable Primary Servicer for Liquidation Expenses theretofore incurred in respect of any Mortgage Loan in an amount not to exceed the amount of the related Liquidation Proceeds credited to the Mortgage Loan Payment Record pursuant to Section 3.02(b)(iii); provided that the Company or the applicable Primary Servicer shall not be entitled to reimbursement for Liquidation Expenses incurred after the initiation of foreclosure proceedings in respect of any Defaulted Mortgage Loan that is repurchased pursuant to Section 3.16; (ii) To reimburse the Company or the applicable Primary Servicer for Insured Expenses and amounts expended by it pursuant to Section 3.08 in good faith in connection with the restoration of property damaged by an Uninsured Cause, in an amount not to exceed the amount of the related Insurance Proceeds and Liquidation Proceeds (net of any debits pursuant to clause (i) above) and amounts representing proceeds of other insurance policies covering the property subject to the related Mortgage credited to the Mortgage Loan Payment Record pursuant to Section 3.02(b) (iii) and (iv); (iii) To reimburse the Company to the extent permitted by Sections 3.01(a) and 6.04; (iv) To pay to the Company amounts received in respect of any Defective Mortgage Loan or Defaulted Mortgage Loan purchased by the Company to the extent that the distribution of any such amounts on the Distribution Date upon which the proceeds of such purchase are distributed would make the total amount distributed in respect of any such Mortgage Loan on such Distribution Date greater than the Purchase Price therefor, net of any unreimbursed Monthly Advances made by the Company; (v) To reimburse the Company (or the Trustee, as applicable) for Monthly Advances theretofore made in respect of any Mortgage Loan to the extent of late payments, REO Proceeds, Insurance Proceeds and Liquidation Proceeds in respect of such Mortgage Loan; (vi) To reimburse the Company from any Mortgagor payment of interest or other recovery with respect to a particular Mortgage Loan, to the extent not previously retained by the Company, for unpaid Servicing Fees with respect to such Mortgage Loan, subject to Section 3.08(d); (vii) To reimburse the Company (or the Trustee, as applicable) for any Nonrecoverable Advance (which right of reimbursement of the Trustee pursuant to this clause shall be prior to such right of the Company); 64 (viii) To make transfers of funds to the Certificate Account pursuant to Section 3.02(d); and (ix) to deduct any amount credited to the Mortgage Loan Payment Record in error. The Company shall keep and maintain separate accounting records, on a Mortgage Loan by Mortgage Loan basis, for the purpose of accounting for debits to the Mortgage Loan Payment Record pursuant to clauses (i), (ii), (iv), (v) and (vi) of this Section 3.04; provided, however, that it is understood and agreed that the records of such accounting need not be retained by the Company for a period longer than the five most recent fiscal years. Section 3.05. Maintenance of the Primary Insurance Policies. (a) The Company shall not take any action which would result in non-coverage under any applicable Primary Insurance Policy of any loss which, but for the actions of the Company, would have been covered thereunder. To the extent coverage is available, the Company 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 Note is 80% or less of the greater of (i) the related Original Value and (ii) the then current value of the property underlying the related Mortgage Note as evidenced by an appraisal thereof satisfactory to the Company; provided that no such Primary Insurance Policy need be kept in effect if doing so would violate applicable law. The Company shall not cancel or refuse to renew any such Primary Insurance Policy applicable to a Mortgage Loan that is in effect at the Closing Date 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 ratings equal to or better than the ratings then assigned to the Certificates by such Rating Agency. The Company agrees to effect the timely payment of the premium on each Primary Insurance Policy, and such costs not otherwise recoverable shall be recoverable by the Company from related Insurance Proceeds and Liquidation Proceeds pursuant to Section 3.04. (b) In connection with its activities as administrator and servicer of the Mortgage Loans, the Company agrees to present, on behalf of itself, the Trustee and the Certificateholders, claims to the insurer under each Primary Insurance Policy and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Insurance Policy respecting a related defaulted Mortgage Loan. To the extent provided in Section 3.02(b), any amounts collected by the Company under any Primary Insurance Policy in respect of the Mortgage Loans (including, without limitation, a Mortgage 65 Loan purchased by a related insurer) shall be credited to the Mortgage Loan Payment Record. Section 3.06. Maintenance of Hazard Insurance. The Company shall cause to be maintained for each Mortgage Loan, other than a Cooperative Loan, hazard insurance with a standard mortgagee clause and with extended coverage in an amount which is at least equal to the maximum insurable value of the improvements securing such Mortgage Loan from time to time or the principal balance owing on such Mortgage Loan from time to time, whichever is less. The Company shall also maintain on property (other than Cooperative Apartments) acquired upon foreclosure, or by deed in lieu of foreclosure, hazard insurance with extended coverage in an amount which is at least equal to the lesser of (i) the maximum insurable value from time to time of the improvements which are a part of such property or (ii) the unpaid principal balance of such Mortgage Loan at the time of such foreclosure or deed in lieu of foreclosure plus accrued interest and the good-faith estimate of the Company of related Liquidation Expenses to be incurred in connection therewith. To the extent provided in Section 3.02(b)(iv), amounts collected by the Company under any such policies in respect of the Mortgage Loans shall be credited to the Mortgage Loan Payment Record. Such costs shall be recoverable by the Company pursuant to Sections 3.03 and 3.04. In cases in which property securing any Mortgage Loan other than a Cooperative Loan is located in a federally designated flood area, the hazard insurance to be maintained for such Mortgage Loan shall include flood insurance. All such flood insurance shall be in such amounts as are required under applicable guidelines of FNMA. The Company shall be under no obligation to require that any Mortgagor maintain earthquake or other additional insurance and shall be under no obligation itself to maintain any such additional insurance 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. If the Company shall obtain and maintain a blanket policy insuring against hazard losses on all of the Mortgage Loans (whether or not including Cooperative Loans), it shall conclusively be deemed to have satisfied its obligations as set forth in the first sentence of this Section 3.06, it being understood and agreed that such policy may contain a deductible clause, in which case the Company 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 3.06, and there shall have been a loss which would have been covered by such policy, credit to the Mortgage Loan Payment Record the amount not otherwise payable under the blanket policy because of such deductible clause. Section 3.07. Assumption and Modification Agreements. (a) In any case in which property subject to a Mortgage has been or is about to be conveyed by the Mortgagor, the Company shall 66 exercise its right to accelerate the maturity of such Mortgage Loan under any "due-on-sale" clause applicable thereto, unless in the reasonable discretion of the Company, such exercise would adversely affect or jeopardize coverage under the related Primary Insurance Policy, if any; provided, however, that if the Company is prevented, as provided in Section 3.07(b), from enforcing any such clause, the Company is authorized to make or enter into an assumption and modification agreement from or with the Person to whom such property has been or is about to be conveyed, pursuant to which such Person becomes liable under the Mortgage Note and the Mortgagor remains liable thereon. In connection with any such assumption and modification agreement, the Company shall apply its then current underwriting standards to such Person. The Company shall not make or enter into any such assumption and modification agreement, however, unless (to the extent practicable in the circumstances) it shall have received confirmation of the continued effectiveness of any applicable Primary Insurance Policy and hazard insurance policy. The Company shall notify the Trustee that any assumption and modification agreement has been completed by forwarding to the Trustee the original copy thereof, which copy shall be added by the Trustee to the related Mortgage File and shall, for all purposes, be considered a part of such Mortgage File to the same extent as all other documents and instruments constituting a part thereof. In connection with any such agreement, the Mortgage Rate, mortgage term and any other material term of such Mortgage Loan shall not be changed. Any fee collected by the Company for entering into any such agreement will be retained by the Company as additional servicing compensation. (b) Notwithstanding Section 3.07(a) or any other provision of this Agreement, the Company shall not be deemed to be in default, breach or any other violation of its obligations hereunder by reason of any assumption of a Mortgage Loan, or transfer of the property subject to a Mortgage without the assumption thereof, by operation of law or any assumption or transfer which the Company reasonably believes it may be restricted by law from preventing, for any reason whatsoever. Section 3.08. Realization Upon Defaulted Mortgage Loans. (a) The Company shall foreclose upon or otherwise comparably convert 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 3.02. In connection with such foreclosure or other conversion the Company shall, consistent with Section 3.05, follow such practices and procedures as it shall deem necessary or advisable and as shall be normal and usual in its general mortgage servicing activities. The foregoing is subject to the proviso that the Company shall not be required to expend its own funds in connection with any foreclosure or towards the restoration of any property unless it 67 shall determine (i) that such restoration or foreclosure will increase the proceeds of liquidation of the Mortgage Loan to Certificateholders after reimbursement to itself for such expenses and (ii) that such expenses will be recoverable to it either through Liquidation Proceeds or Insurance Proceeds. Notwithstanding the foregoing, the Company shall not be entitled to recover legal expenses incurred in connection with foreclosure proceedings where the Mortgage Loan is reinstated and such foreclosure proceedings are terminated prior to completion, other than sums received from the Mortgagor for such expenses. Notwithstanding anything to the contrary contained herein, the Company shall be under no obligation to foreclose upon or otherwise convert the ownership of any Mortgaged Property which it believes may be contaminated with or affected by hazardous or toxic wastes, materials or substances. The Company may, but shall not be obligated to, make such determination on the basis of a Phase I environmental assessment with respect to the related Mortgaged Property. Neither the Trustee nor the Company shall be liable to the Trust Fund or the Certificateholders if, based on the Company's belief that such contamination or effect exists, the Company does not foreclose upon or otherwise convert the ownership of a Mortgaged Property. In addition, neither the Trustee nor the Company shall be liable to the Trust Fund or the Certificateholders if, based on the Company's belief that no such contamination or effect exists, the Company forecloses upon a Mortgaged Property and the Trustee or its nominee on behalf of the Trust Fund takes title to such Mortgaged Property, and thereafter such Mortgaged Property is determined to be so contaminated or affected. (b) In the event that title to any Mortgaged Property is acquired in 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 the Trust Fund. Notwithstanding any such acquisition of title and cancellation of the related Mortgage Loan, such Mortgage Loan shall (except for purposes of Section 9.01) be considered to be an Outstanding Mortgage Loan until such time as the Mortgaged Property shall be sold and such Mortgage Loan becomes a Liquidated Mortgage Loan. Consistent with the foregoing, for purposes of all calculations hereunder so long as such Mortgage Loan shall be considered to be an Outstanding Mortgage Loan, it shall be assumed that the related Mortgage Note and its amortization schedule in effect on and after such acquisition of title (after giving effect to any previous Principal Prepayments and Deficient Valuations incurred subsequent to the related Bankruptcy Coverage Termination Date and before any adjustment thereto by reason of any bankruptcy (other than as aforesaid) or any similar proceeding or any moratorium or similar waiver or grace period) remain in effect (notwithstanding that the indebtedness evidenced by such Mortgage Note shall have been discharged), subject to adjustment to 68 reflect the application of REO Proceeds received in any month. REO Proceeds received in any month shall be applied to the payment of the installments of principal due and interest accrued on the related REO Mortgage Loan in accordance with the terms of such Mortgage Note. REO Proceeds received in any month in excess of the Amortization Payment for such month due on an REO Mortgage Loan shall be treated as a Principal Prepayment received in respect of such Mortgage Loan. (c) In the event that the Trust Fund acquires any Mortgaged Property as aforesaid or otherwise in connection with a default or imminent default on a Mortgage Loan, the Company shall dispose of such Mortgaged Property prior to the close of the third calendar year after the year of its acquisition by the Trust Fund unless (a) the Trustee shall have been supplied with an Opinion of Counsel to the effect that the holding by the Trust Fund of such Mortgaged Property subsequent to such period (and specifying the period beyond such period for which the Mortgaged Property may be held) will not result in the imposition of taxes on "prohibited transactions" of the Trust Fund as defined in section 860F of the Code, or cause the REMIC established hereunder to fail to qualify as a REMIC at any time that any Certificates are outstanding, in which case the Trust Fund may continue to hold such Mortgaged Property (subject to any conditions contained in such Opinion of Counsel), or (b) the Trustee (at the Company's expense) or the Company shall have applied for, not later than 61 days prior to the expiration of such period, an extension of such period in the manner contemplated by section 856(e)(3) of the Code, in which case such period shall be extended by the time period permitted by section 856(e)(3) of the Code. Notwithstanding any other provision of this Agreement, no Mortgaged Property acquired by the Trust Fund shall be rented (or allowed to continue to be rented) or otherwise used for the production of income by or on behalf of the Trust Fund or sold in such a manner or pursuant to any terms that would (i) cause such Mortgaged Property to fail to qualify at any time as "foreclosure property" within the meaning of section 860G(a)(8) of the Code, (ii) subject the Trust Fund to the imposition of any federal or state income taxes on "net income from foreclosure property" with respect to such Mortgaged Property within the meaning of section 860G(c) of the Code, or (iii) cause the sale of such Mortgaged Property to result in the receipt by the Trust Fund of any income from non-permitted assets as described in section 860F(a)(2)(B) of the Code, unless the Company has agreed to indemnify and hold harmless the Trust Fund with respect to the imposition of any such taxes. (d) Any collection of Insurance Proceeds or Liquidation Proceeds will be applied in the following order of priority: first, to reimburse the Company for any related unreimbursed Liquidation Expenses and to reimburse the Company or the Trustee, as applicable, for any related unreimbursed Monthly 69 Advances; second, to accrued and unpaid interest on the Mortgage Loan at the Mortgage Rate from the date to which interest was last paid or advanced to the Due Date prior to the Distribution Date on which such amounts are to be distributed; and third, as a recovery of principal of the Mortgage Loan. If the amount so allocated to interest is less than the full amount of accrued and unpaid interest due on such Mortgage Loan, the amount of such recovery will be allocated among the Base Servicing Fee at the Base Servicing Fee Rate, the Supplemental Servicing Fee at the Supplemental Servicing Fee Rate and interest at the Remittance Rate in proportion to the amount of such accrued interest which would have been allocated to each such category in the absence of any shortfall. The resulting Interest Loss shall be allocated among each such category in the same proportion as described in the preceding sentence. The portion so allocated to interest at the Remittance Rate shall be allocated to the Certificates for purposes of making the allocation specified in the definition of Certificate Interest Loss. (e) Notwithstanding anything to the contrary contained herein, the Company shall have the right to enter into an agreement substantially in the form of Exhibit K hereto with any Person that is the Holder of 100% of the Class B5 Certificates (provided that such form may be revised to delete the option on the part of such Person to purchase a defaulted Mortgage Loan as set forth in Section 2.02(f) thereof). Prior to entering into any such agreement with any Person, the Company shall obtain a certification from such Person to the effect that (i) such Person is not an "affiliate" (within the meaning of the Prohibited Transaction Exemption) of the Trustee and (ii) such Person will not purchase any Certificates if such purchase would cause such Person to hold more than a ten percent interest in the Mortgage Pool. It is understood that the right of the Company to be reimbursed for Monthly Advances and Nonrecoverable Advances under this Agreement shall not be affected in any way by the provisions of any such agreement. The Trustee hereby agrees to perform such obligations as may be expressly required of it pursuant to the provisions of such agreement and to promptly notify each party to such agreement if a Responsible Officer of the Trustee (with direct responsibility for administration of this Agreement) becomes aware of any discussions, plans or events that might lead to the Trustee's becoming an "affiliate" (within the meaning of the Prohibited Transaction Exemption) of any Person with which the Company has entered into such agreement, provided that the contents of any such notification shall be kept confidential by the parties to such agreement. The Company agrees to promptly notify the Trustee upon entering into any such agreement. In addition, the Company shall provide the Trustee with such information as may be necessary for the Trustee to perform its obligations thereunder, including written instructions, clearly identifying the source, amount and application of funds to be deposited or withdrawn from the Collateral Fund (as defined in 70 such agreement). The Trustee shall provide the Company with such information concerning credits and debits to the Collateral Fund on account of income, gains and losses realized from Collateral Fund Permitted Investments (as defined in such agreement), and costs associated with the purchase and sale thereof, as the Company may request in order to prepare the instructions described in the preceding sentence. In addition, subject to the provisions of the preceding paragraph, the Company shall have the right to enter into an agreement substantially in the form of Exhibit K hereto with the Person that is the Holder of 100% of the Class B4 Certificates, provided that (i) such Person is also the Holder of 100% of the Class B5 Certificates, (ii) such Person shall have no rights under such agreement until the date on which the Class Certificate Principal Balance of the Class B5 Certificates has been reduced to zero, and (iii) any rights of such Person under such agreement shall terminate in the event that such Person transfers, directly or indirectly, the Class B4 Certificates to any other Person. Section 3.09. Trustee to Cooperate; Release of Mortgage Files. Upon the payment in full of any Mortgage Loan, the Company will immediately notify the Trustee by a certification (which certification shall include a statement to the effect that all amounts received in connection with such payment which are required to be credited to the Mortgage Loan Payment Record pursuant to Section 3.02 have been so credited) of a Servicing Officer and shall request delivery to it of the Mortgage File. If a Buydown Mortgage Loan is the subject of a Principal Prepayment in full during the related Buydown Period, the related Buydown Funds will be applied or returned to the Person entitled thereto in accordance with the terms of such Buydown Mortgage Loan. Upon receipt of such certification and request in form satisfactory to the Trustee, the Trustee shall promptly, but in any event within five Business Days, release the related Mortgage File to the Company; provided, that the Trustee shall not be responsible for any delay in the release of a Mortgage File resulting from acts beyond its control, including without limitation, acts of God, strikes, lockouts, riots, acts of war or terrorism, epidemics, nationalization, governmental regulations imposed after the fact, fire, communication line failures, computer viruses, power failures, earthquakes or other disasters. Upon any such payment in full, the Company is authorized to execute, pursuant to the authorization contained in Section 3.01, an instrument of satisfaction regarding such Mortgage, which instrument of satisfaction shall be recorded by the Company if required by applicable law and be delivered to the Person entitled thereto, it being understood and agreed that no expenses incurred in connection with such instrument of satisfaction shall be reimbursed from amounts at the time credited to the Mortgage Loan Payment Record. From time to time 71 and as appropriate for the servicing or foreclosure of any Mortgage Loan (including, without limitation, collection under any Primary Insurance Policy), the Trustee shall, upon request of the Company and delivery to the Trustee of a receipt signed by a Servicing Officer, release the related Mortgage File to the Company and shall execute such documents as shall be necessary to the prosecution of any such proceedings. Such receipt shall obligate the Company to return the Mortgage File to the Trustee when the need therefor by the Company no longer exists unless the Mortgage Loan shall be liquidated, in which case, upon receipt of a certificate of a Servicing Officer similar to that hereinabove specified, the receipt shall be released by the Trustee to the Company. Section 3.10. Servicing Compensation; Payment of Certain Expenses by the Company. (a) As compensation for its activities and obligations hereunder, the Company shall be entitled to withhold and pay to itself out of each payment received by it on account of interest on each Mortgage Loan (including the portion of any Buydown Funds applied to the related Buydown Mortgage Loan for the applicable period) an amount equal to the Servicing Fee. The aggregate of the Servicing Fees payable to the Company on any Distribution Date shall be reduced by the amount of any Compensating Interest Payment for such Distribution Date. Additional servicing compensation in the form of Prepayment Interest Excess, assumption fees, modification fees, late payment charges, interest income or gain with respect to amounts deposited in the Certificate Account and invested by the Company or otherwise shall be retained by the Company, subject to Section 3.10(b), if applicable. The Company shall be required to pay all expenses incurred by it in connection with its activities hereunder (including payment of Trustee fees and all other fees and expenses not expressly stated hereunder to be for the account of the Certificateholders) and shall not be entitled to reimbursement therefor except as provided in Sections 3.01, 3.03, 3.04 and 3.08. (b) The Company may, as a condition to granting any request by a Mortgagor for any consent, modification, waiver or amendment or any other matter or thing, the granting of which is in the Company's discretion pursuant to the terms of the instruments evidencing or securing the related Mortgage Loan and is permitted by other sections of this Agreement, require (to the extent permitted by applicable law) that such Mortgagor pay to it a reasonable or customary fee in accordance with the schedule set forth as Exhibit H (which may be amended from time to time by provision of a revised schedule of such fees to the Trustee, whereupon such revised schedule shall be deemed to be Exhibit H hereunder) for the additional services performed in connection with such request, together with any related costs and expenses 72 incurred by it. Such fees shall be additional servicing compensation to the Company. Section 3.11. Reports to the Trustee; Certificate Account Statements. Not later than 15 days after each Distribution Date, the Company shall forward to the Trustee a statement, certified by a Servicing Officer, setting forth the status of the Mortgage Loan Payment Record as of the close of business on such Distribution Date and showing, for the period covered by such statement, the aggregate of credits to the Mortgage Loan Payment Record for each category of credit specified in Section 3.02 and each category of debit specified in Section 3.04. Section 3.12. Annual Statement as to Compliance. The Company will deliver to the Trustee, on or before March 31 of each year, beginning with March 31, 1999, an Officer's Certificate stating that (a) a review of the activities of the Company during the preceding calendar year and of its performance under this Agreement has been made under such Officer's supervision and (b) to the best of such Officer's knowledge, based on such review, the Company has fulfilled all its material obligations under this Agreement throughout such year, or, if there has been a default in the fulfillment of any such obligation, specifying each such default known to such Officer and the nature and status thereof. Section 3.13. Annual Independent Public Accountants' Servicing Report. On or before March 31 of each year, beginning with March 31, 1999, the Company shall: (a) furnish to a firm of independent public accountants (which may also render other services to the Company) a statement substantially to the effect that the Company has complied in all material respects with the minimum servicing standards set forth in the Uniform Single Attestation Program for Mortgage Bankers (the "Minimum Servicing Standards") with respect to the mortgage loans in the Company's servicing portfolio (which may exclude home equity loans) or, if there has been material noncompliance with such servicing standards, containing a description of such noncompliance; and (b) at its expense cause such firm of independent public accountants to furnish a report to the Trustee stating its opinion as to the Company's assertion contained in the statement delivered pursuant to Section 3.13(a), which opinion shall be based on an examination conducted by such firm in accordance with the standards established by the American Institute of Certified Public Accountants, including examining, on a test basis, evidence about the Company's compliance with the Minimum Servicing Standards. 73 Such opinion shall be to the effect that the Company has complied in all material respects with the Minimum Servicing Standards with respect to the mortgage loan portfolio described in the Company's statement delivered pursuant to Section 3.13(a) hereof or if there has been material noncompliance with the Minimum Servicing Standards, shall contain a description of such noncompliance in accordance with applicable accounting standards. In rendering such report, such firm may rely, as to matters relating to direct servicing of Mortgage Loans by any primary servicer, upon comparable reports of independent public accountants with respect to such primary servicer. Section 3.14. Access to Certain Documentation and Information Regarding the Mortgage Loans. To the extent permitted by applicable law, the Company shall provide to the Trustee, Certificateholders which are regulated insurance entities and the applicable insurance regulatory agencies thereof, Certificateholders which are federally insured savings and loan associations, the Office of Thrift Supervision, 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 or of such insurance regulatory agencies, as the case may be, such access being afforded without charge but only upon reasonable request and during normal business hours at the offices of the Company. Nothing in this Section 3.14 shall derogate from the obligation of the Company to observe any applicable law prohibiting disclosure of information regarding the Mortgagors and the failure of the Company to provide access as provided in this Section 3.14 as a result of such obligation shall not constitute a breach of this Section 3.14. Section 3.15. Maintenance of Certain Servicing Policies. The Company shall during the term of its service as servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of FNMA for persons performing servicing for mortgage loans purchased by such association. Section 3.16. Optional Purchase of Defaulted Mortgage Loans. The Company shall have the right, but not the obligation, to purchase any Defaulted Mortgage Loan for a price equal to the Purchase Price therefor. Any such purchase shall be accomplished as provided in Section 4.04(a) hereof. 74 ARTICLE IV PAYMENTS AND STATEMENTS Section 4.01. Distributions. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Certificate Account and shall make distributions to Holders of the Certificates as of the preceding Record Date in the following order of priority, to the extent of the remaining Available Funds: (i) to each Class of Senior Certificates (other than any Class of Principal Only Certificates) the Accrued Certificate Interest thereon for such Distribution Date; provided that any shortfall in available amounts shall be allocated among such Classes in proportion to the amount of Accrued Certificate Interest that would otherwise be distributable thereon; (ii) to each Class of Senior Certificates (other than any Class of Principal Only Certificates) any related Unpaid Class Interest Shortfall for such Distribution Date; provided that any shortfall in available amounts shall be allocated among such Classes in proportion to the Unpaid Class Interest Shortfall for each such Class on such Distribution Date; (iii) to the Classes of Senior Certificates, in reduction of the Class Certificate Principal Balances thereof, concurrently, as follows: (A) to the Class A3 Certificates, the Class A3 Principal Distribution Amount for such Distribution Date, until the Class Certificate Principal Balance thereof has been reduced to zero; (B) to the Group I Senior Certificates, the Senior Optimal Principal Amount for such Distribution Date, as reduced by the Class A3 Principal Distribution Amount for such Distribution Date, in the following order of priority: (i) to the Class R Certificates, until the Class Certificate Principal Balance thereof has been reduced to zero; (ii) to the Class A1 Certificates, until the Class Certificate Principal Balance thereof has been reduced to zero; 75 (iii) to the Class A2 Certificates, until the Class Certificate Principal Balance thereof has been reduced to zero; and (iv) to the Class A4 Certificates, until the Class Certificate Principal Balance thereof has been reduced to zero; and (C) to the Class PO Certificates, the PO Principal Distribution Amount for such Distribution Date, until the Class Certificate Principal Balance thereof has been reduced to zero; (iv) to the Class PO Certificates, any Class PO Deferred Amount for such Distribution Date, up to an amount not to exceed the Junior Optimal Principal Amount for such Distribution Date, until the Class Certificate Principal Balance of such Class has been reduced to zero; provided, that any such amounts distributed to the Class PO Certificates pursuant to this clause (iv) shall not reduce the Class Certificate Principal Balance thereof; (v) to the Class M Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (vi) to the Class M Certificates, any Unpaid Class Interest Shortfall therefor on such Distribution Date; (vii) to the Class M Certificates, in reduction of the Class Certificate Principal Balance thereof, such Class's Allocable Share of the Junior Optimal Principal Amount on such Distribution Date; (viii) to the Class B1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (ix) to the Class B1 Certificates, any Unpaid Class Interest Shortfall therefor on such Distribution Date; (x) to the Class B1 Certificates, in reduction of the Class Certificate Principal Balance thereof, such Class's Allocable Share of the Junior Optimal Principal Amount on such Distribution Date; (xi) to the Class B2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xii) to the Class B2 Certificates, any Unpaid Class Interest Shortfall therefor on such Distribution Date; (xiii) to the Class B2 Certificates, in reduction of the Class Certificate Principal Balance thereof, such Class's 76 Allocable Share of the Junior Optimal Principal Amount on such Distribution Date; (xiv) to the Class B3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xv) to the Class B3 Certificates, any Unpaid Class Interest Shortfall therefor on such Distribution Date; (xvi) to the Class B3 Certificates, in reduction of the Class Certificate Principal Balance thereof, such Class's Allocable Share of the Junior Optimal Principal Amount on such Distribution Date; (xvii) to the Class B4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xviii) to the Class B4 Certificates, any Unpaid Class Interest Shortfall therefor on such Distribution Date; (xix) to the Class B4 Certificates, in reduction of the Class Certificate Principal Balance thereof, such Class's Allocable Share of the Junior Optimal Principal Amount on such Distribution Date; (xx) to the Class B5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xxi) to the Class B5 Certificates, any Unpaid Class Interest Shortfall therefor on such Distribution Date; and (xxii) to the Class B5 Certificates, in reduction of the Class Certificate Principal Balance thereof, such Class's Allocable Share of the Junior Optimal Principal Amount on such Distribution Date. Notwithstanding the foregoing, amounts otherwise distributable pursuant to clauses (vii), (x), (xiii), (xvi), (xix) and (xxii) on any Distribution Date shall be reduced, in inverse order of priority, by any amount distributed pursuant to clause (iv) on such date, such that such amount distributed pursuant to clause (iv) on such date shall be applied first to reduce the amount distributable pursuant to clause (xxii), and then, to the extent of any excess, applied second, to reduce the amount distributable pursuant to clause (xix), third, to reduce the amount distributable pursuant to clause (xvi), fourth, to reduce the amount distributable pursuant to clause (xiii), fifth, to reduce the amount distributable pursuant to clause (x) and sixth, to reduce the amount distributable pursuant to clause (vii). (b) On each Distribution Date, the Trustee shall distribute to the holder of the Class R Certificate any remaining 77 Available Funds for such Distribution Date after application of all amounts described in clause (a) of this Section 4.01, together with any Unanticipated Recoveries received by the Company in the calendar month preceding the month of such Distribution Date and not distributed on such Distribution Date to the holders of outstanding Certificates of any other Class pursuant to Section 4.01(e). Any distributions pursuant to this clause (b) shall not reduce the Class Certificate Principal Balance of the Class R Certificate. (c) If on any Distribution Date the Class Certificate Principal Balances of the Junior Certificates have each been reduced to zero, the amount distributable to the Senior Certificates other than the Class PO Certificates pursuant to Section 4.01(a)(iii) for such Distribution Date and each succeeding Distribution Date shall be allocated among such Classes of Senior Certificates, pro rata, on the basis of their respective Class Certificate Principal Balances immediately prior to such Distribution Date, regardless of the priorities and amounts set forth in Section 4.01(a)(iii). (d) If on any Distribution Date (i) the Class Certificate Principal Balance of the Class M Certificates or any Class of Class B Certificates for which the related Prepayment Distribution Trigger was satisfied on such Distribution Date is reduced to zero and (ii) amounts distributable pursuant to clauses (ii), (iv) and (v) of the Junior Optimal Principal Amount remain undistributed on such Distribution Date after all amounts otherwise distributable on such date pursuant to clauses (iv) through (xxii) of Section 4.01(a) have been distributed, such amounts shall be distributed on such Distribution Date to the remaining Classes of Junior Certificates in order of priority, such that no such distribution shall be made to any Class of Junior Certificates while a prior such Class is outstanding. (e) In the event that in any calendar month the Company recovers an amount (an "Unanticipated Recovery") in respect of principal of a Mortgage Loan which had previously been allocated as a Realized Loss to any Class of Certificates pursuant to Section 4.03, on the Distribution Date in the next succeeding calendar month the Trustee shall withdraw from the Certificate Account and distribute to the holders of each outstanding Class to which such Realized Loss had previously been allocated its share (determined as described in the succeeding paragraph) of such Unanticipated Recovery in an amount not to exceed the amount of such Realized Loss previously allocated to such Class. When the Class Certificate Principal Balance of a Class of Certificates has been reduced to zero, the holders of such Class shall not be entitled to any share of an Unanticipated Recovery, and such Unanticipated Recovery shall be allocated among all outstanding Classes of Certificates entitled thereto in accordance with the preceding sentence, subject to the remainder 78 of this subsection (e). In the event that (i) any Unanticipated Recovery remains undistributed in accordance with the preceding sentence or (ii) the amount of an Unanticipated Recovery exceeds the amount of the Realized Loss previously allocated to any outstanding Classes with respect to the related Mortgage Loan, on the applicable Distribution Date the Trustee shall distribute to the holders of all outstanding Classes of the related Certificates to which Realized Losses had previously been allocated and not reimbursed their pro rata share (determined as described below) of such excess in an amount not to exceed the aggregate amount of any Realized Loss previously allocated to such Class with respect to any other Mortgage Loan that has not been recovered in accordance with Section 4.01(e). Any distributions made pursuant to this Section 4.01(e) shall not reduce the Class Certificate Principal Balance of the related Certificate. For purposes of the preceding paragraph, the share of an Unanticipated Recovery allocable to any Class of Certificates with respect to a Mortgage Loan shall be (i) with respect to the Class PO Certificates, based on the applicable PO Percentage of the principal portion of the Realized Loss previously allocated thereto with respect to such Mortgage Loan (or all Mortgage Loans for purposes of the next to last sentence of the preceding paragraph), and (ii) with respect to any other Class of Certificates, based on its pro rata share (in proportion to the Class Certificate Principal Balances thereof with respect to such Distribution Date) of the applicable Non-PO Percentage of the principal portion of any such Realized Loss previously allocated with respect to such Mortgage Loan (or Loans); provided, however, that (i) the share of an Unanticipated Recovery allocable to a Class PO Certificate with respect to any Mortgage Loan (or Loans) shall be reduced by the aggregate amount previously distributed to such Class on account of the applicable Class PO Deferred Amount in respect of such Mortgage Loan (or Loans) and (ii) the amount by which the distributions to the Class PO Certificates have been so reduced shall be distributed to the Classes of Certificates described in clause (ii) of the preceding paragraph in the same proportion as described in such clause (ii). For purposes of the preceding sentence, any Class PO Deferred Amount distributed to a Class PO Certificate on previous Distribution Dates shall be deemed to have been allocated in respect of the Mortgage Loans as to which the applicable PO Percentage of the principal portion of Realized Losses has previously been allocated to such Class on a pro rata basis (based on the amount of Realized Losses so allocated). Section 4.02. Method of Distribution. (a) All distributions with respect to each Class of Certificates on each Distribution Date shall be made pro rata among the outstanding Certificates of such Class, based on the Percentage Interest in such Class represented by each Certificate. Payments to the 79 Certificateholders on each Distribution Date will be made by the Trustee to the Certificateholders of record on the related Record Date (other than as provided in Section 9.01 respecting the final distribution) by check or money order mailed to a Certificateholder at the address appearing in the Certificate Register, or upon written request by such Certificateholder to the Trustee made not later than the applicable Record Date, by wire transfer to a U.S. depository institution acceptable to the Trustee, or by such other means of payment as such Certificateholder and the Trustee shall agree. (b) Each distribution with respect to a Book-Entry Certificate shall be paid to the Depository, which shall credit 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 Financial Intermediary for which it acts as agent. Each Financial Intermediary shall be responsible for disbursing funds to the Certificate Owners that it represents. All such credits and disbursements with respect to a Book-Entry Certificate are to be made by the Depository and the Depository Participants in accordance with the provisions of the applicable Certificates. Neither the Trustee nor the Company shall have any responsibility therefor except as otherwise provided by applicable law. (c) The Trustee shall withhold or cause to be withheld such amounts as it reasonably determines are required by the Code (giving full effect to any exemptions from withholding and related certifications required to be furnished by Certificateholders or Certificate Owners and any reductions to withholding by virtue of any bilateral tax treaties and any applicable certification required to be furnished by Certificateholders or Certificate Owners with respect thereto) from distributions to be made to Non-U.S. Persons. If the Trustee reasonably determines that a more accurate determination of the amount required to be withheld for a distribution can be made within a reasonable period after the scheduled date for such distribution, it may hold such distribution in trust for a holder of a Residual Certificate until such determination can be made. For the purposes of this paragraph, a "Non-U.S. Person" is (i) an individual other than a citizen or resident of the United States, (ii) a partnership, corporation or entity treated as a partnership or corporation for U.S. federal income tax purposes not formed under the laws of the United States, any state thereof or the District of Columbia (unless, in the case of a partnership, Treasury regulations provide otherwise), (iii) any estate, the income of which is not subject to U.S. federal income taxation, regardless of source, and (iv) any trust, other than a trust that a court within the United States is able to exercise primary supervision over the administration of the trust and one 80 or more U.S. Persons have the authority to control all substantial decisions of the trust. Section 4.03. Allocation of Losses. (a) On or prior to each Determination Date, the Company shall determine the amount of any Realized Loss in respect of each Mortgage Loan that occurred during the immediately preceding calendar month. (b) With respect to any Distribution Date, the principal portion of each Realized Loss (other than any Excess Loss) shall be allocated as follows: (i) the applicable PO Percentage of the principal portion of any such Realized Loss shall be allocated to the Class PO Certificates until the Class Certificate Principal Balance thereof has been reduced to zero; and (ii) the applicable Non-PO Percentage of the principal portion of any such Realized Loss shall be allocated in the following order of priority: first, to the Class B5 Certificates until the Class Certificate Principal Balance thereof has been reduced to zero; second, to the Class B4 Certificates until the Class Certificate Principal Balance thereof has been reduced to zero; third, to the Class B3 Certificates until the Class Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class B2 Certificates until the Class Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class B1 Certificates until the Class Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M Certificates until the Class Certificate Principal Balance thereof has been reduced to zero; and seventh, to the Classes of Senior Certificates other than the Class PO Certificates, pro rata, in accordance with their Class Certificate Principal Balances; provided, that any such loss allocated to any Class of Accrual Certificates (and any Accrual Component) shall be allocated (subject to Section 4.03(d)) on the basis of the lesser of (x) the Class 81 Certificate Principal Balance (or Component Principal Balance) thereof immediately prior to the applicable Distribution Date and (y) the Class Certificate Principal Balance (or Component Principal Balance) thereof on the Closing Date (as reduced by any Realized Losses previously allocated thereto). (c) With respect to any Distribution Date, the principal portion of any Excess Loss (other than Excess Bankruptcy Losses attributable to Debt Service Reductions) shall be allocated as follows: (1) the PO Percentage of any such loss shall be allocated to the Class PO Certificates, and (2) the Non-PO Percentage of any such loss shall be allocated to each Class of Certificates other than the Class PO Certificates, pro rata, based on the respective Class Certificate Principal Balances thereof; provided, that any such loss allocated to any Class of Accrual Certificates (and any Accrual Component) shall be allocated (subject to Section 4.03(d)) on the basis of the lesser of (x) the Class Certificate Principal Balance (or Component Principal Balance) thereof immediately prior to the applicable Distribution Date and (y) the Class Certificate Principal Balance (or Component Principal Balance) thereof on the Closing Date (as reduced by any Realized Losses previously allocated thereto). (d) Any Realized Losses allocated to a Class of Certificates pursuant to Section 4.03(b) or (c) shall be allocated among the Certificates of such Class in proportion to their respective Certificate Principal Balances. In addition, any Realized Losses allocated to any Class of Component Certificates on a Distribution Date shall be allocated in reduction of the Component Principal Balances of the related Components (other than any Notional Component) in proportion to their respective Component Principal Balances immediately prior to such Distribution Date. Any allocation of Realized Losses pursuant to this paragraph (d) shall be accomplished by reducing the Certificate Principal Balance (or, in the case of any Component, the Component Principal Balance) of the related Certificates (or Components) on the related Distribution Date in accordance with Section 4.03(e). (e) Realized Losses allocated in accordance with this Section 4.03 shall be allocated on the Distribution Date in the month following the month in which such loss was incurred and, in the case of the principal portion thereof, after giving effect to distributions made on such Distribution Date, except that the aggregate amount of Realized Losses to be allocated to the Class PO Certificates on such Distribution Date will be taken into account in determining distributions in respect of any Class PO Deferred Amount for such date. (f) On each Distribution Date, the Company shall determine the Subordinate Certificate Writedown Amount, if any. 82 Any such Subordinate Certificate Writedown Amount shall effect a corresponding reduction in the Certificate Principal Balance of the Subordinate Certificates, which reduction shall occur on such Distribution Date after giving effect to distributions made on such Distribution Date. (g) Notwithstanding the foregoing, no such allocation of any Realized Loss shall be made on a Distribution Date to a Class of Certificates to the extent that such allocation would result in the reduction of the aggregate Certificate Principal Balances of all the Certificates as of such Distribution Date, after giving effect to all distributions and prior allocations of Realized Losses on such date, to an amount less than the aggregate Scheduled Principal Balance of the Mortgage Loans as of the first day of the month of such Distribution Date, less any Deficient Valuations occurring on or prior to the Bankruptcy Coverage Termination Date (such limitation, the "Loss Allocation Limitation"). Section 4.04. Monthly Advances; Purchases of Defaulted Mortgage Loans. (a) The Company shall be required to make Monthly Advances in the manner and to the extent provided herein. Prior to the close of business on each Determination Date, the Company shall determine (i) the amount of the Monthly Advance which it is required to make on the related Distribution Date and (ii) whether it has elected to purchase any Defaulted Mortgage Loan or Loans on such Distribution Date. If the Company so elects to purchase any Defaulted Mortgage Loans (or is required to purchase any Mortgage Loan pursuant to Section 2.02 or 2.03(a)), no Monthly Advance shall be required with respect thereto for the month in which such purchase occurs. The Company shall include information as to each of such determinations in the Servicer's Certificate furnished by it to the Trustee in accordance with Section 4.06 and shall be obligated to transfer to the Certificate Account pursuant to Section 3.02(d) on or before 11:00 a.m. New York time on the Business Day next preceding the following Distribution Date in next-day funds the respective amounts applicable to such determinations appearing in such Servicer's Certificate. Upon receipt by the Trustee of written notification signed by a Servicing Officer of any such deposit relating to the purchase by the Company of such a Mortgage Loan, the Trustee shall release to the Company the related Mortgage File and shall execute and deliver such instruments of transfer or assignment, in each case without recourse, as shall be necessary to vest in the Company any Mortgage Loan released pursuant hereto. (b) In the event that the Company transfers or expects to transfer less than the Available Funds required to be deposited by it pursuant to Section 3.02(d), the Company shall so notify the Trustee no later than 9:00 a.m. on the Business Day preceding the related Distribution Date, and the amount so 83 transferred, if any, shall be deemed to have been transferred first pursuant to clause (i) of the definition of Available Funds, second pursuant to clause (iii) of the definition of Available Funds, and third pursuant to clause (ii) of the definition of Available Funds. Such notice shall specify each Mortgage Loan delinquent as of the preceding Determination Date. In such event, the Trustee shall make any Monthly Advance required to be made hereunder, in the manner and to the extent required; provided, the Trustee shall not be so obligated if prohibited by applicable law. (c) In the event that the Company is succeeded hereunder as servicer, the obligation to make Monthly Advances in the manner and to the extent required by Section 4.04(a) shall be assumed by the successor servicer (subject to Section 7.02). Section 4.05. Statements to Certificateholders. Each month, at least two Business Days prior to each Distribution Date, the Company shall deliver to the Trustee for mailing to each Certificateholder, and the Trustee shall mail to each Certificateholder on such Distribution Date, a statement (each, a "Distribution Date Statement") substantially in the form of Exhibit J hereto, setting forth: (i) The amount of such distribution to the Certificateholders of each Class (and in respect of any Component), other than any Notional Certificates (and any Notional Component), allocable to principal, separately identifying the aggregate amount of any Principal Prepayments included therein (including, for this purpose, the Scheduled Principal Balances of all Defaulted Mortgage Loans and Defective Mortgage Loans purchased pursuant to Section 2.02, 2.03(b) or 3.16, respectively, and any amounts deposited pursuant to Section 2.03(b) in connection with the substitution of any Mortgage Loans pursuant to Section 2.02 or 2.03(a), the proceeds of which purchases or substitutions are being distributed on such Distribution Date); (ii) The amount of such distribution to the Certificateholders of each Class (other than any Class of Principal Only Certificates) allocable to interest, including any Accrual Amount added to the Class Certificate Principal Balance or Component Principal Balance of any Class of Accrual Certificates or any Accrual Components; (iii) The amount of servicing compensation paid to the Company during the month preceding the month of distribution in respect of the Mortgage Loans and such other customary information as the Company deems necessary or desirable to enable Certificateholders to prepare their tax returns; 84 (iv) The Pool Scheduled Principal Balance and the aggregate number of the Mortgage Loans on the preceding Due Date after giving effect to all distributions allocable to principal made on such Distribution Date; (v) The Class Certificate Principal Balance (or Notional Principal Balance) of each Class, the Component Principal Balance of each Component and the Certificate Principal Balance (or Notional Principal Balance) of a Single Certificate of each Class after giving effect to (i) all distributions allocable to principal (or reductions in the Notional Principal Balance, in the case of the Notional Certificates, or the addition of any Accrual Amount, in the case of any Class of Accrual Certificates) made on such Distribution Date and (ii) the allocation of any Realized Losses and any Subordinate Certificate Writedown Amount for such Distribution Date; (vi) The Pay-out Rate applicable to each Class of Certificates; (vii) The book value and unpaid principal balance of any real estate acquired on behalf of Certificateholders through foreclosure, or grant of a deed in lieu of foreclosure or otherwise, of any REO Mortgage Loan, and the number of the related Mortgage Loans; (viii) The aggregate Scheduled Principal Balances and number of Mortgage Loans which, as of the close of business on the last day of the month preceding the related Distribution Date, were (a) delinquent as to a total of (x) 30-59 days, (y) 60-89 days and (z) 90 days or more, and (b) in foreclosure; (ix) The Scheduled Principal Balance of any Mortgage Loan replaced pursuant to Section 2.03(b) ; (x) The Certificate Interest Rates of any LIBOR Certificates and any COFI Certificates applicable to the Interest Accrual Period relating to such Distribution Date and such Class; (xi) The Senior Percentage, Class A3 Percentage, the Class A3 Scheduled Distribution Percentage and Junior Percentage for such Distribution Date; (xii) The Senior Prepayment Percentage, the Class A3 Prepayment Distribution Percentage and the Junior Prepayment Percentage for such Distribution Date; and 85 (xiii) The amount of such distribution to the Certificateholders of each Class allocable to Unanticipated Recoveries. In the case of information furnished pursuant to clauses (i) through (iii) above, the amounts shall be expressed as a dollar amount per Single Certificate. In connection with any proposed transfer of a Certificate that is purported to be made in reliance on Rule 144A under the Securities Act, the Company shall be responsible for furnishing such information as may be required thereunder to a proposed transferee. In furtherance of the Company's obligations hereunder, the Company hereby instructs the Trustee, at the Company's expense and on its behalf, and the Trustee agrees, to promptly make available to the proposed transferee, upon request of the holder, (i) all statements furnished to Certificateholders pursuant to this Section 4.05(a) on previous Distribution Dates, (ii) all certificates furnished to the Trustee pursuant to Section 4.06 in prior months, (iii) Officer's Certificates furnished to the Trustee pursuant to Section 3.12 for the two years preceding such request, (iv) reports of independent accountants furnished to the Trustee pursuant to Section 3.13 for the two years preceding such request, (v) a copy of the Private Placement Memorandum relating to such Certificate, together with any amendments or supplements thereto issued by the Company (which copy shall be furnished to the Trustee by the Company), and (vi) the Company's Current Report on Form 8-K, dated the Closing Date, relating to the Mortgage Loans; provided, however, that the Trustee shall in no event be required to make available such statements or certificates pursuant to clauses (i) and (ii) above relating to Distribution Dates occurring more than twenty-four months preceding the month in which such request was received; provided, further, however, that notwithstanding the Trustee's agreement as aforesaid to provide such materials to a proposed transferee, the Trustee does not assume, and shall not thereby be deemed to have assumed, any responsibility for compliance by the Company with Rule 144A (subject to the Trustee's agreement set forth in the second sentence of this paragraph) and shall be entitled to include a notice with such statements or certificates to the effect that such materials have not been prepared or assembled by the Trustee and that the Trustee assumes no responsibility for the adequacy, sufficiency or contents thereof. In connection with any such proposed transfer, the Company shall make available to the proposed holder, at the request of the related transferor, such additional information, if any, as may be required to be delivered pursuant to Rule 144A(d)(4). Section 4.06. Servicer's Certificate. Each month, not later than the second Business Day next preceding each 86 Distribution Date, the Company shall deliver to the Trustee a completed Servicer's Certificate. Section 4.07. Reports of Foreclosures and Abandonments of Mortgaged Property. The Trustee (or the Company on behalf of the Trustee) shall, in each year beginning after 1998, make the reports of foreclosures and abandonments of any Mortgaged Property as required by section 6050J of the Code. In order to facilitate this reporting process, the Company, on or before January 15th of each year, shall provide to the Trustee reports relating to each instance occurring during the previous calendar year in which the Company (i) on behalf of the Trustee acquires an interest in a Mortgaged Property through foreclosure or other comparable conversion in full or partial satisfaction of a Mortgage Loan, or (ii) knows or has reason to know that a Mortgaged Property has been abandoned. Reports from the Company shall be in form and substance sufficient to meet the reporting requirements imposed by section 6050J of the Code. Section 4.08. Reduction of Base Servicing Fees by Compensating Interest Payments. The aggregate amount of the Base Servicing Fees subject to retention by the Company as servicer in respect of any Distribution Date shall be reduced by the amount of any Compensating Interest Payment for such Distribution Date. Section 4.09. Surety Bond. (a) If a Required Surety Payment is payable pursuant to the Surety Bond with respect to any Pledged Asset Mortgage Loan, the Company shall so notify the Trustee as soon as reasonably practicable and shall, on behalf of the Trustee for the benefit of the Certificateholders, 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 Payment. (b) Upon receipt of a Required Surety Payment from the Surety on behalf of the Certificateholders, the Company shall promptly credit the Mortgage Loan Payment Record and shall distribute such Required Surety Payment, or the proceeds thereof, in accordance with the provisions of Section 4.01. ARTICLE V THE CERTIFICATES Section 5.01. The Certificates. (a) The Certificates shall be substantially in the forms set forth in Exhibit A hereto, as applicable, and shall, on original issue, be executed by the Trustee, not in its individual capacity but solely as Trustee, and countersigned and delivered by the Trustee to or upon the order of the Company as provided in Article II. 87 (b) The Certificates shall be issued in an aggregate Initial Certificate Principal Balance of $443,906,994.95. Such aggregate original principal balance shall be divided among the Classes having the designations, Class Certificate Principal Balances, Certificate Interest Rates and minimum denominations as follows: Initial Class Certificate Certificate Principal Interest Minimum Designation Balance Rate Denominations - ----------- ----------- ----------- ------------- Class A1 $349,500,180.00 6.75% $ 25,000 Class A2 12,632,000.00 6.75 1,000 Class A3 42,580,809.00 6.75 25,000 Class A4 21,095,000.00 6.75 1,000 Class PO 342,626.14 0.00 200,000 Class M 8,212,279.00 6.75 100,000 Class B1 3,551,256.00 6.75 100,000 Class B2 1,997,581.00 6.75 100,000 Class B3 1,775,628.00 6.75 250,000 Class B4 887,813.00 6.75 250,000 Class B5 1,331,722.81 6.75 250,000 Class R 100.00 6.75 100 (c) The Certificates shall be issuable in registered form only. The Book-Entry Certificates will be evidenced by one or more certificates, beneficial ownership of which will be held in the minimum dollar denominations in Certificate Principal Balance or Notional Principal Balance, as applicable, specified in Section 5.01(b), and integral multiples of $1,000 in excess thereof. The Non-Book-Entry Certificates other than the Residual Certificate shall each be issued in the minimum dollar denominations in Certificate Principal Balance or Notional Principal Balance, as applicable, specified in Section 5.01(b), and integral multiples of $1,000 in excess thereof (and, if necessary, in the amount of the remaining Class Certificate Principal Balance or Notional Principal Balance, as applicable, of each Class, in the case of one Certificate of such Class). The Residual Certificate shall be issued as a single certificate evidencing the entire Class Certificate Principal Balance of such Class and having a Percentage Interest of 100%. If necessary, one Certificate of each Class of Book-Entry Certificates may evidence an additional amount equal to the remainder of the Class Certificate Principal Balance (or Notional Principal Balance) of such Class. (d) The Certificates shall be executed by manual or facsimile signature on behalf of the Trustee by an authorized officer under its seal, which may be in facsimile form and be imprinted or otherwise reproduced thereon. Certificates bearing 88 the manual or facsimile signatures of individuals who were, at the time when such signatures were affixed, authorized to sign on behalf of the Trustee shall bind the Trustee, notwithstanding that such individuals or any of them have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of such Certificate. No Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless such Certificate shall have been manually countersigned by the Trustee substantially in the forms set forth in Exhibit A hereto, and such countersignature upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly executed and delivered hereunder. All Certificates issued on the Closing Date shall be dated the Closing Date; all Certificates issued thereafter shall be dated the date of their countersignature. Section 5.02. Registration of Transfer and Exchange of Certificates. (a) The Trustee shall cause to be kept at an office or agency in the city in which the Corporate Trust Office of the Trustee is located or in the City of New York, New York 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 shall initially serve as Certificate Registrar for the purpose of registering Certificates and transfers and exchanges of Certificates as herein provided. Subject to Sections 5.02(b) and 5.02(c), upon surrender for registration of transfer of any Certificate at the Corporate Trust Office, the Trustee shall execute, authenticate and deliver, in the name of the designated transferee or transferees, one or more new Certificates of the same Class in authorized denominations of a like Percentage Interest. At the option of a Certificateholder, Certificates may be exchanged for other Certificates of authorized denominations of a like Class and 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, countersign and deliver the Certificates which the Certificateholder making the exchange is entitled to receive. Every Certificate presented or surrendered for registration of transfer or exchange shall 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. No service charge shall be made for any registration of transfer or exchange of Certificates, but the Trustee may require payment of a sum sufficient to cover any tax or governmental 89 charge that may be imposed in connection with any transfer or exchange of Certificates. All Certificates surrendered for registration of transfer and exchange shall be canceled and subsequently destroyed by the Trustee and a certificate of destruction shall be delivered by the Trustee to the Company. (b) No legal or beneficial interest in all or any portion of the Residual Certificates may be transferred directly or indirectly to (i) a Disqualified Organization or an agent of a Disqualified Organization (including a broker, nominee, or middleman), (ii) an entity that holds REMIC residual securities as nominee to facilitate the clearance and settlement of such securities through electronic book-entry changes in accounts of participating organizations (a "Book-Entry Nominee"), or (iii) an individual, corporation, partnership or other person unless such transferee (A) is not a Non-U.S. Person or (B) is a Non-U.S. Person that holds a Residual Certificate in connection with the conduct of a trade or business within the United States and has furnished the transferor and the Trustee with an effective Internal Revenue Service Form 4224 or (C) is a Non-U.S. Person that has delivered to both the transferor and the Trustee an opinion of a nationally recognized tax counsel to the effect that the transfer of a Residual Certificate to it is in accordance with the requirements of the Code and the regulations promulgated thereunder and that such transfer of a Residual Certificate will not be disregarded for federal income tax purposes (any such person who is not covered by clause (A), (B) or (C) above being referred to herein as a "Non-permitted Foreign Holder"), and any such purported transfer shall be void and have no effect. The Trustee shall not execute, and shall not authenticate and deliver, a Residual Certificate in connection with any transfer thereof unless the transferor shall have provided to the Trustee an affidavit, substantially in the form attached as Exhibit F hereto, signed by the transferee, to the effect that the transferee is not such a Disqualified Organization, an agent (including a broker, nominee, or middleman) for any entity as to which the transferee has not received a substantially similar affidavit, a Book-Entry Nominee or a Non-permitted Foreign Holder, which affidavit shall contain the consent of the transferee to any such amendments of this Agreement as may be required to further effectuate the foregoing restrictions on transfer of the Residual Certificates to Disqualified Organizations, Book-Entry Nominees or Non-permitted Foreign Holders, and an agreement by the Transferee that it will not transfer a Residual Certificate without providing to the Trustee an affidavit substantially in the form attached as Exhibit F hereto and a letter substantially in the form attached as Exhibit G hereto. Such affidavit shall also contain the statement of the transferee that (i) it does not have the intention to impede the assessment or collection of any federal, state or local taxes 90 legally required to be paid with respect to the Residual Certificates and (ii) it understands that it may incur tax liabilities in excess of cash flows generated by a Residual Certificate and that it intends to pay taxes associated with holding a Residual Certificate as they become due. The affidavit described in the preceding paragraph, if not executed in connection with the initial issuance of the Residual Certificates, shall be accompanied by a written statement in the form attached as Exhibit G hereto, signed by the transferor, to the effect that as of the time of the transfer, the transferor has (i) no actual knowledge that the transferee is a Disqualified Organization, Book-Entry Nominee or Non-permitted Foreign Holder, (ii) no reason to believe that the transferee has the intention to impede the assessment or collection of any federal, state or local taxes legally required to be paid with respect to a Residual Certificate, and (iii) conducted a reasonable investigation and found that the transferee had historically paid its debts as they came due and found no significant evidence to indicate that the transferee will not continue to pay its debts as they become due. The Residual Certificates shall bear a legend referring to the foregoing restrictions contained in this paragraph and the preceding paragraph. Upon notice to the Company that any legal or beneficial interest in any portion of the Residual Certificates has been transferred, directly or indirectly, to a Disqualified Organization or agent thereof (including a broker, nominee, or middleman) in contravention of the foregoing restrictions, (i) such transferee shall be deemed to hold the Residual Certificate in constructive trust for the last transferor who was not a Disqualified Organization or agent thereof, and such transferor shall be restored as the owner of such Residual Certificate as completely as if such transfer had never occurred, provided that the Company may, but is not required to, recover any distributions made to such transferee with respect to the Residual Certificate and return such recovery to the transferor, and (ii) the Company agrees to furnish to the Internal Revenue Service and to any transferor of the Residual Certificate or such agent (within 60 days of the request therefor by the transferor or agent) such information necessary to the application of section 860E(e) of the Code as may be required by the Code, including but not limited to the present value of the total anticipated excess inclusions with respect to the Residual Certificate (or portion thereof) for periods after such transfer. At the election of the Company, the cost to the Company of computing and furnishing such information may be charged to the transferor or such agent referred to above; however, the Company shall in no event be excused from furnishing such information. The restrictions on transfers of the Residual Certificates set forth in the preceding three paragraphs shall 91 cease to apply to transfers (and the applicable portions of the legend to the Residual Certificates may be deleted) after delivery to the Trustee of an Opinion of Counsel to the effect that the elimination of such restrictions will not cause the REMIC established hereunder to fail to qualify as a REMIC at any time that the Certificates are outstanding. No transfer of a Restricted Certificate shall be made unless such transfer is made pursuant to an effective registration statement under the Securities Act of 1933, as amended (the "Act"), and any applicable state securities laws, in each case as evidenced by an Officer's Certificate, or is exempt from the registration requirements of the Act and any applicable state securities laws. In the event of such registration, any restrictive legends set forth in the form of the relevant Restricted Certificate in Exhibit A hereto with respect to the Act and state securities law restrictions shall be removed by the Trustee upon request of the Holder thereof and automatically upon exchange or registration of transfer thereof. As a condition to any transfer that is to be made in reliance upon an exemption from the Act and such laws of a (i) Class PO Certificate or (ii) Restricted Junior Certificate to any person other than a QIB (as certified by the proposed transferee in the form of assignment attached to the related Certificate), either (x) the Trustee shall require the transferee to execute an investment letter in the form substantially as set forth in Exhibit I hereto or in such other form as may be acceptable to the Trustee, certifying as to the facts surrounding such transfer, or (y) in lieu of such investment letter, the Trustee may accept a written Opinion of Counsel (in form and substance acceptable to the Trustee) that such proposed transfer may be made pursuant to an exemption from the Act. As an additional condition to any transfer of a Restricted Certificate, either (i) the transferor and the transferee shall complete the form of assignment attached to the Certificate proposed to be transferred, or (ii) the Trustee shall have received the above-referenced Opinion of Counsel. The holder of any Restricted Certificate desiring to effect the transfer thereof to a person other than a QIB shall, and hereby agrees to, comply with any applicable conditions set forth in the preceding two sentences and indemnify the Trustee and the Company against any liability that may result if the transfer thereof is not so exempt or is not made in accordance with such federal and state laws. Such agreement to so indemnify the Trustee and the Company shall survive the termination of this Agreement. Notwithstanding the foregoing, no Opinion of Counsel or investment letter shall be required upon the original issuance of (i) the Restricted Junior Certificates to the Initial Purchaser (as defined in the Private Placement Memorandum) or its nominee and (ii) the Class PO Certificates to the Company or upon any subsequent transfer of any Class PO Certificate by the Company, provided that if any Restricted Junior Certificates are, at the request of the Initial Purchaser, registered in the name of its 92 nominee, the Initial Purchaser shall be deemed to acknowledge and agree with the Company and the Trustee that no transfer of a beneficial interest in such Certificates will be made without registering such Certificates in the name of the transferee, which shall be a Person other than such nominee. Any opinion or letter required pursuant to this paragraph shall not be at the expense of the Trust Fund or the Trustee. (c) (i) No transfer of an ERISA-Restricted Certificate in the form of a Definitive Certificate shall be made to any Person unless the Trustee has received (A) a certificate (substantially in the form of Exhibit E or such other form as is acceptable to the Company and the Trustee) from such transferee to the effect that such transferee (i) is not a Plan or a Person that is using the assets of a Plan to acquire such ERISA-Restricted Certificate or (ii) is an insurance company investing assets of its general account and the exemptions provided by Section III(a) of Department of Labor Prohibited Transaction Class Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to the transferee's acquisition and holding of any ERISA-Restricted Certificate or (B) an opinion of counsel satisfactory to the Trustee and the Company to the effect that the purchase and holding of such a Certificate will not constitute or result in the assets of the Trust Fund being deemed to be "plan assets" subject to the prohibited transactions provisions of ERISA or Section 4975 of the Code and will not subject the Trustee or the Company to any obligation in addition to those undertaken in the Agreement; provided, however, that the Trustee will not require such certificate or opinion in the event that, as a result of a change of law or otherwise, counsel satisfactory to the Trustee has rendered an opinion to the effect that the purchase and holding of an ERISA-Restricted Certificate by a Plan or a Person that is purchasing or holding such a Certificate with the assets of a Plan will not constitute or result in a prohibited transaction under ERISA or Section 4975 of the Code. The preparation and delivery of the certificate and opinions referred to above shall not be an expense of the Trust Fund, the Trustee or the Company. Notwithstanding the foregoing, no opinion or certificate shall be required for the initial issuance of the ERISA-Restricted Certificates. (ii) No transfer of a Residual Certificate shall be made to any Person unless the Trustee has received a certification (substantially in the form of paragraph 4 of Exhibit F) from such transferee to the effect that, among other things, such transferee is not a Plan or a Person that is using the assets of a Plan to acquire any such Certificate. The preparation and delivery of such certificate shall not be an expense of the Trust Fund, the Trustee or the Company. (d) Subject to Section 8.01(i) hereof, the Trustee may conclusively rely upon any certificate, affidavit or opinion 93 delivered pursuant to Section 5.02(b) or (c). Any certificate or affidavit required to be delivered by a transferee under this Section 5.02 may be executed and delivered in the name of such transferee by its attorney-in-fact duly authorized in writing in form and substance satisfactory to the Trustee. (e) Except as to any additional Certificate of any Class of Book-Entry Certificates held in physical certificated form pursuant to Section 5.02(g) or any Restricted Junior Certificate of any Class of Book-Entry Certificates that is transferred to an entity other than a QIB, the Book-Entry Certificates shall, subject to Section 5.02(f), at all times remain registered in the name of the Depository or its nominee and at all times: (i) registration thereof may not be transferred by the Trustee except to another Depository; (ii) the Depository shall maintain book-entry records with respect to the Certificate Owners and with respect to ownership and transfers of such Certificates; (iii) ownership and transfers of registration of the Certificates issued in book-entry form on the books of the Depository shall be governed by applicable rules established by the Depository and the rights of Certificate Owners with respect to Book-Entry Certificates shall be governed by applicable law and agreements between such Certificate Owners and the Depository, Depository Participants, and indirect participating firms; (iv) the Depository may collect its usual and customary fees, charges and expenses from its Depository Participants; (v) the Trustee shall deal with the Depository, Depository Participants and indirect participating firms as authorized representatives of the Certificate Owners of the Certificates issued in book-entry form for all purposes including the making of payments due on the Book-Entry Certificates and exercising the rights of Holders under this Agreement, and requests and directions for and votes of such representatives shall not be deemed to be inconsistent if they are made with respect to different Certificate Owners; (vi) the Trustee may rely and shall be fully protected in relying upon information furnished by the Depository with respect to its Depository Participants and furnished by the Depository Participants with respect to indirect participating firms and persons shown on the books of such indirect participating firms as direct or indirect Certificate Owners; (vii) Certificate Owners shall not be entitled to certificates for the Book-Entry Certificates and (viii) the Trustee may establish a reasonable record date in connection with solicitations of consents from or voting by Certificateholders and give notice to the Depository of such record date. All transfers by Certificate Owners of 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 only transfer Book-Entry Certificates of Certificate Owners it represents or of brokerage firms for which it acts as agent in 94 accordance with the Depository's normal procedures. Except as provided herein, the Trustee shall have no duty to monitor or restrict the transfer of Certificates or interests therein, and shall have no liability for any transfer, including any transfer made through the book-entry facilities of the Depository or between or among Depository Participants or Certificate Owners, made in violation of applicable restrictions set forth herein, except in the event of the failure of the Trustee to perform its duties and fulfill its obligations under this Agreement. (f) If (x)(i) the Company or the Depository advises the Trustee in writing that the Depository is no longer willing, qualified or able to properly discharge its responsibilities as Depository, and (ii) the Trustee or the Company is unable to locate a qualified successor, (y) the Company at its option advises the Trustee in writing that it elects to terminate the book-entry system through the Depository or (z) after the occurrence of an Event of Default, Certificate Owners representing not less than 51% of the aggregate Voting Rights allocated to the Book-Entry Certificates together advise the Trustee and the Depository through the Depository Participants in writing that the continuation of a book-entry system through the Depository is no longer in the best interests of the Certificate Owners, 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 such Certificates by the Depository, accompanied by registration instructions from the Depository for registration, the Trustee shall issue the Definitive Certificates. Neither the Company nor the Trustee shall be liable for 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 Depository shall be deemed to be imposed upon and performed by the Trustee, to the extent applicable with respect to such Definitive Certificates and the Trustee shall recognize the Holders of the Definitive Certificates as Certificateholders hereunder. (g) On or prior to the Closing Date, there shall be delivered to the Depository (or to State Street Bank and Trust Company acting as custodian for the Depository pursuant to the Depository's procedures) one certificate for each Class of Book-Entry Certificates registered in the name of the Depository's nominee, Cede & Co. The face amount of each such Certificate shall represent 100% of the initial Class Certificate Principal Balance thereof, except for such amount that does not constitute an acceptable denomination to the Depository. An additional Certificate of each Class of Book-Entry Certificates may be issued evidencing such remainder and, if so issued, will be held in physical certificated form by the Holders thereof. Each 95 Certificate issued in book-entry form shall bear the following legend: "Unless this Certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to Issuer 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 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." Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates. If (a) any mutilated Certificate is surrendered to the Certificate Registrar, or the Certificate Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Certificate and (b) there is delivered to the Company, the Certificate Registrar and the Trustee such security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Certificate Registrar or the Trustee that such Certificate has been acquired by a bona fide purchaser, the Trustee shall execute, countersign 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. In connection with the issuance of any new Certificate under this Section 5.03, 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 5.03 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. Section 5.04. Persons Deemed Owners. Prior to due presentation of a Certificate for registration of transfer, the Company, the Trustee, the Certificate Registrar and any agent of the Company, 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 4.01 and for all other purposes whatsoever, and neither the Company, the Trustee, the Certificate Registrar nor any agent of the Company, the Trustee or the Certificate Registrar shall be affected by any notice to the contrary. Section 5.05. Access to List of Certificateholders' Names and Addresses. The Certificate Registrar will furnish or 96 cause to be furnished to the Company, within 15 days after receipt by the Certificate Registrar of request therefor from the Company in writing, a list, in such form as the Company may reasonably require, of the names and addresses of the Certificateholders as of the most recent Record Date for payment of distributions to Certificateholders. If three or more Certificateholders (hereinafter referred to as "applicants") apply in writing to the Trustee, and such application states that the applicants desire to communicate with other Certificateholders with respect to their rights under this Agreement or under the Certificates and is accompanied by a copy of the communication which such applicants propose to transmit, then the Trustee shall, within five Business Days after the receipt of such application, afford such applicants access during normal business hours to the most recent list of Certificateholders held by the Trustee. If such list is as of a date more than 90 days prior to the date of receipt of such applicants' request, the Trustee shall promptly request from the Certificate Registrar a current list as provided above, and shall afford such applicants access to such list promptly upon receipt. Every Certificateholder, by receiving and holding a Certificate, agrees with the Certificate Registrar and the Trustee that neither the Certificate Registrar nor the Trustee shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Certificateholders hereunder, regardless of the source from which such information was derived. Section 5.06. Representation of Certain Certificateholders. The fiduciary of any Plan which becomes a Holder of a Certificate, by virtue of its acceptance of such Certificate, will be deemed to have represented and warranted to the Trustee and the Company that such Plan is an "accredited investor" as defined in Rule 501(a)(1) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933. Section 5.07. Determination of COFI. (a) If the outstanding Certificates include any COFI Certificates, then on each COFI Determination Date the Trustee shall determine the value of COFI on the basis of the most recently available Information Bulletin referred to in the definition of "COFI". The establishment of COFI by the Trustee and the Trustee's subsequent calculation of the rates of interest applicable to the COFI Certificates for each Interest Accrual Period shall (in the absence of manifest error) be final and binding. During each Interest Accrual Period, the Certificate Interest Rate for the COFI Certificates for the current and immediately preceding Interest Accrual Period shall be made available by the Trustee to Certificate Owners and Certificateholders at the following telephone number: (617) 664-5500. 97 (b) The failure by the Federal Home Loan Bank of San Francisco to publish COFI for a period of 65 calendar days will constitute an "Alternative Rate Event" for purposes hereof. Upon the occurrence of an Alternative Rate Event, the Company will calculate the Certificate Interest Rates for the COFI Certificates for the subsequent Interest Accrual Periods by using, in place of COFI, (i) the replacement index, if any, published or designated by the Federal Home Loan Bank of San Francisco or (ii) if no replacement index is so published or designated, an alternative index to be selected by the Company that has performed, or that the Company expects to perform, in a manner substantially similar to COFI. At the time an alternative index is first selected by the Company, the Company shall determine the average number of basis points, if any, by which the alternative index differed from COFI for such period as the Company, in its sole discretion, reasonably determines to reflect fairly the long-term difference between COFI and the alternative index, and shall adjust the alternative index by such average. The Company shall select a particular index as an alternative only if it receives an Opinion of Counsel to the effect that the selection of such index will not cause any REMIC established hereunder to fail to qualify as a REMIC for federal income tax purposes. In the absence of manifest error, the selection of any alternative index as provided by this Section 5.07(b) shall be final and binding for each subsequent Interest Accrual Period. Upon the occurrence of an Alternative Rate Event, the Trustee shall have no responsibility for the determination of any alternative index or the calculation of the Certificate Interest Rates for the COFI Certificates. (c) If at any time after the occurrence of an Alternative Rate Event the Federal Home Loan Bank of San Francisco resumes publication of COFI, the Certificate Interest Rates for the COFI Certificates for each Interest Accrual Period commencing thereafter will be calculated by reference to COFI. Section 5.08. Determination of LIBOR. (a) If the outstanding Certificates include any LIBOR Certificates, then on each LIBOR Determination Date the Trustee shall determine LIBOR on the basis of the offered LIBOR quotations of the Reference Banks as of 11:00 a.m. London time on such LIBOR Determination Date as follows: (i) If on any LIBOR Determination Date two or more of the Reference Banks provide such offered quotations, LIBOR for the next Interest Accrual Period will be the arithmetic mean of such offered quotations (rounding such arithmetic mean upwards if necessary to the nearest whole multiple of 1/16%); (ii) If on any LIBOR Determination Date only one or none of the Reference Banks provides such offered 98 quotations, LIBOR for the next Interest Accrual Period will be whichever is the higher of (x) LIBOR as determined on the previous LIBOR Determination Date or (y) the Reserve Interest Rate. The "Reserve Interest Rate" will be either (A) the rate per annum which the Trustee determines to be the arithmetic mean (rounding such arithmetic mean upwards if necessary to the nearest whole multiple of 1/16%) of the one-month Eurodollar lending rates that New York City banks selected by the Trustee are quoting, on the relevant LIBOR Determination Date, to the principal London offices of leading banks in the London interbank market or (B) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month Eurodollar lending rate that the New York City banks selected by the Trustee are quoting on such LIBOR Determination Date to leading European banks; and (iii) If on any LIBOR Determination Date the Trustee is required but is unable to determine the Reserve Interest Rate in the manner provided in paragraph (ii) above, LIBOR for the next Interest Accrual Period will be LIBOR as determined on the previous LIBOR Determination Date, or, in the case of the first LIBOR Determination Date, the Initial LIBOR Rate. (b) The establishment of LIBOR by the Trustee and the Trustee's subsequent calculation of the Certificate Interest Rates applicable to the LIBOR Certificates for the relevant Interest Accrual Period, in the absence of manifest error, will be final and binding. In all cases, the Trustee may conclusively rely on quotations of LIBOR for the Reference Banks as such quotations appear on the display designated "LIBO" on the Reuters Monitor Money Rates Service. (c) Within five Business Days of the Trustee's calculation of the Certificate Interest Rates of the LIBOR Certificates, the Trustee shall furnish to the Company by telecopy (or by such other means as the Trustee and the Company may agree from time to time) such Certificate Interest Rates. (d) The Trustee shall provide to Certificateholders who inquire of it by telephone the Certificate Interest Rates of the LIBOR Certificates for the current and immediately preceding Interest Accrual Period. (e) As used herein, "Reference Banks" shall mean no more than four leading banks engaged in transactions in Eurodollar deposits in the international Eurocurrency market (i) with an established place of business in London, England, (ii) whose quotations appear on the "Reuters Screen LIBO Page" (as described in the definition of LIBOR hereof) on the applicable LIBOR Determination Date and (iii) which have been designated as such by the Trustee and are able and willing to provide such 99 quotations to the Trustee on each LIBOR Determination Date. The Reference Banks initially shall be: Barclay's plc, Bank of Tokyo, National Westminster Bank and Trust Company and Bankers Trust Company. If any of the initial Reference Banks should be removed from the Reuters Screen LIBO Page or in any other way fail to meet the qualifications of a Reference Bank, the Trustee, after consultation with the Company, shall use its best efforts to designate alternate Reference Banks. ARTICLE VI THE COMPANY Section 6.01. Liability of the Company. The Company shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Company herein. Section 6.02. Merger or Consolidation of, or Assumption of the Obligations of, the Company. Any corporation into which the Company may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Company shall be a party, or any corporation succeeding to the business of the Company, or any corporation, more than 50% of the voting stock of which is, directly or indirectly, owned by General Electric Company, or any limited partnership, the sole general partner of which is either the Company or a corporation, more than 50% of the voting stock of which is owned, directly or indirectly, by General Electric Company, which executes an agreement of assumption to perform every obligation of the Company hereunder, shall be the successor of the Company 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 6.03. Assignment. The Company may assign its rights and delegate its duties and obligations as servicer under this Agreement; provided, that (i) the purchaser or transferee accepting such assignment or delegation is qualified to service mortgage loans for FNMA or FHLMC, is reasonably satisfactory to the Trustee and executes and delivers to the Trustee an agreement, in form and substance reasonably satisfactory to the Trustee, which contains an assumption by such purchaser or transferee of the due and punctual performance and observance of each covenant and condition to be performed or observed by the Company as servicer hereunder from and after the date of such agreement and (ii) each Rating Agency's rating of any Classes of Certificates in effect immediately prior to such assignment or delegation would not be qualified, downgraded or withdrawn as a result thereof. In the case of any such assignment or delegation, the Company will be released from its obligations as 100 servicer hereunder except for liabilities and obligations as servicer incurred prior to such assignment or delegation. Section 6.04. Limitation on Liability of the Company and Others. Neither the Company nor any of the directors or officers or employees or agents of the Company 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 by the Company pursuant to this Agreement, or for errors in judgment; provided, however, that this provision shall not protect the Company or any such person against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of duties of the Company or by reason of reckless disregard of obligations and duties of the Company hereunder. The Company and any director or officer or employee or agent of the Company 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 Company and any director or officer or employee or agent of the Company 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. The Company shall be under no obligation to appear in, prosecute or defend any legal action which is not incidental to its duties to service the Mortgage Loans in accordance with this Agreement and which in its opinion may involve it in any expense or liability; provided, however, that the Company may in its sole discretion undertake any such action which it may deem necessary or desirable in respect of 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 and any liability resulting therefrom shall be expenses, costs and liabilities of the Trust Fund and the Company shall be entitled to be reimbursed therefor from amounts credited to the Mortgage Loan Payment Record as provided by Section 3.04. Section 6.05. The Company Not to Resign. Subject to the provisions of Sections 6.02 and 6.03, the Company shall not resign from the obligations and duties hereby imposed on it except upon determination that the performance of its duties hereunder is no longer permissible under applicable law. Any such determination permitting the resignation of the Company shall be evidenced by an Opinion of Counsel to such effect delivered to the Trustee. No such resignation shall become 101 effective until the Trustee or a successor servicer shall have assumed the responsibilities and obligations of the Company in accordance with Section 7.02. ARTICLE VII DEFAULT Section 7.01. Events of Default. If any one of the following events ("Events of Default") shall occur and be continuing: (i) Any failure by the Company to make any payment to the Trustee of funds pursuant to Section 3.02(d) out of which distributions to Certificateholders of any Class are required to be made under the terms of the Certificates and this Agreement which failure continues unremedied for a period of three Business Days after the date upon which written notice of such failure shall have been given to the Company by the Trustee or to the Company and the Trustee by Holders of Certificates of each Class affected thereby evidencing, as to each such Class, Percentage Interests aggregating not less than 25%; or (ii) Failure on the part of the Company duly to observe or perform in any material respect any other covenants or agreements of the Company set forth in the Certificates or in this Agreement, which covenants and agreements (A) materially affect the rights of Certificateholders and (B) continue unremedied for a period of 60 days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Company by the Trustee, or to the Company and the Trustee by the Holders of Certificates of each Class affected thereby evidencing, as to each such Class, Percentage Interests aggregating not less than 25%; or (iii) The entry of a decree or order by a court or agency or supervisory authority having jurisdiction in the premises for the appointment of a conservator, receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to the Company, or for the winding up or liquidation of the Company's affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive days; or (iv) The consent by the Company 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 Company or of 102 or relating to substantially all of its property; or the Company shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations; then, and in each and every such case, so long as an Event of Default shall not have been remedied by the Company, either the Trustee, or the Holders of Certificates of each Class affected thereby evidencing, as to each such Class, Percentage Interests aggregating not less than 51%, by notice then given in writing to the Company (and to the Trustee if given by the Certificateholders) may terminate all of the rights and obligations of the Company as servicer under this Agreement. On or after the receipt by the Company of such written notice, all authority and power of the Company under this Agreement, whether with respect to the Certificates or the Mortgage Loans or otherwise, shall pass to and be vested in the Trustee pursuant to and under this Section 7.01; and, without limitation, the Trustee is hereby authorized and empowered to execute and deliver, on behalf of the Company, 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 of the Mortgage Loans and related documents, or otherwise, including, without limitation, the recordation of the assignments of the Mortgage Loans to it. The Company agrees to cooperate with the Trustee in effecting the termination of the responsibilities and rights of the Company hereunder, including, without limitation, the transfer to the Trustee for the administration by it of all cash amounts that shall at the time be held by the Company and that have been or should have been credited by it to the Mortgage Loan Payment Record, or that have been deposited by the Company in the Certificate Account or are thereafter received by the Company with respect to the Mortgage Loans. In addition to any other amounts which are then, or, notwithstanding the termination of its activities as servicer, may become, payable to the Company under this Agreement, the Company shall be entitled to receive out of any delinquent payment on account of interest on a Mortgage Loan, due during the period prior to the notice pursuant to this Section 7.01 which terminates the obligation and rights of the Company hereunder and received after such notice, that portion of such payment which it would have been entitled to retain pursuant to Section 3.04(vi) if such notice had not been given. Section 7.02. Trustee to Act; Appointment of Successor. (a) On and after the time the Company receives a notice of termination pursuant to Section 7.01, the Trustee shall 103 be the successor in all respects to the Company in its capacity as servicer under this Agreement and the transactions set forth or provided for herein and shall succeed to all the rights of and be subject to all the responsibilities, duties and liabilities relating thereto placed on the Company in its capacity as servicer by the terms and provisions hereof; provided, however, that the responsibilities and duties of the Company pursuant to Sections 2.02 and 2.03(a) and, if the Trustee is prohibited by law or regulation from making Monthly Advances, the responsibility to make Monthly Advances pursuant to Section 4.04, shall not be the responsibilities, duties or obligations of the Trustee; and provided further, that any failure of the Trustee to perform such duties and responsibilities that is caused by the Company's failure to cooperate with the Trustee as required by Section 7.01 shall not be considered a default by the Trustee hereunder. As compensation therefor, the Trustee shall, except as provided in Section 7.01, be entitled to such compensation as the Company would have been entitled to hereunder if no such notice of termination had been given. Notwithstanding the above, the Trustee may, if it shall be unwilling so to act, or shall, if it is legally unable so to act, appoint, or petition a court of competent jurisdiction to appoint, any established housing and home finance institution approved to service mortgage loans for either FNMA or FHLMC, having a net worth of not less than $10,000,000, as the successor to the Company hereunder in the assumption of all or any part of the responsibilities, duties or liabilities of the Company hereunder. Pending appointment of a successor to the Company pursuant to this Article VII, unless the Trustee is prohibited by law from so acting, the Trustee 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 Company hereunder. The Trustee and such successor shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. (b) Any successor, including the Trustee, to the Company as servicer pursuant to this Article VII shall during the term of its service as servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder, and (ii) a fidelity bond in respect of its officers, employees and agents to the same extent as the Company is so required pursuant to Section 3.15. Section 7.03. Notification to Certificateholders. Upon any termination or appointment of a successor to the Company pursuant to this Article VII, the Trustee shall give prompt written notice thereof to Certificateholders at their respective addresses appearing in the Certificate Register. 104 ARTICLE VIII THE TRUSTEE Section 8.01. Duties of Trustee. 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. If an Event of Default has occurred (which has not been cured), 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 person would exercise or use under the circumstances in the conduct of his or her own affairs. 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. 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 misconduct; provided, however, that: (i) Prior to the occurrence of an Event of Default, and after the curing 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 correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to 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 of the Trustee, unless it shall be proved that the Trustee was negligent in performing its duties in accordance with the terms of this Agreement; (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 105 Holders of Certificates of each Class affected thereby evidencing, as to each such Class, Percentage Interests aggregating not less than 25%, relating 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; and (iv) The Trustee shall not be charged with knowledge of (A) any failure by the Company to comply with the obligations of the Company referred to in clauses (i) and (ii) of Section 7.01, (B) the rating downgrade referred to in the definition of "Trigger Event" or (C) any failure by the Company to comply with the obligations of the Company to record the assignments of Mortgages referred to in Section 2.01 unless a Responsible Officer of the Trustee at the Corporate Trust Office obtains actual knowledge of such failures, occurrence or downgrade or the Trustee receives written notice of such failures, occurrence or downgrade from the Company or the Holders of Certificates of each Class affected thereby evidencing, as to each such Class, Percentage Interests aggregating not less than 25%. Subject to any obligation of the Trustee to make Monthly Advances as provided herein, the Trustee shall not be required to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if there is reasonable ground for believing that the repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it, and none of the provisions contained in this Agreement shall in any event require the Trustee to perform, or be responsible for the manner of performance of, any of the obligations of the Company under this Agreement, except during such time, if any, as the Trustee shall be the successor to, and be vested with the rights, duties, powers and privileges of, the Company in accordance with the terms of this Agreement. Section 8.02. Certain Matters Affecting the Trustee. Except as otherwise provided in Section 8.01: (i) The Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, Officer's 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 106 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 rights 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 obligations, 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 person would exercise or use under the circumstances in the conduct of his or her 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 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 documents, unless requested in writing so to do by Holders of Certificates of each Class affected thereby evidencing, as to each such Class, Percentage Interests aggregating not less than 25%; 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 cost, expense or liability as a condition to such proceeding. The reasonable expense of every such investigation shall be paid by the Company or, if paid by the Trustee, shall be reimbursed by the Company upon demand. Nothing in this clause (v) shall derogate from the obligation of the Company to observe any applicable law prohibiting disclosure of information regarding the Mortgagors; and (vi) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either 107 directly or by or through agents or attorneys or a custodian. Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans. The recitals contained herein and in the Certificates (other than the signature and countersignature of the Trustee on the Certificates) shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates (other than the signature and countersignature of the Trustee on the Certificates) or of any Mortgage Loan or related document. The Trustee shall not be accountable for the use or application by the Company of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Company in respect of the Mortgage Loans or deposited in or withdrawn from the Certificate Account by the Company. 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 as it would have if it were not Trustee. Section 8.05. The Company to Pay Trustee's Fees and Expenses. The Company covenants and agrees to pay to the Trustee from time to time, and the 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 it 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 the Company will pay or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances (including any Monthly Advances of the Trustee not previously reimbursed thereto pursuant to Section 3.04) incurred or made by the 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) except any such expense, disbursement or advance as may arise from its negligence or bad faith or which is the responsibility of Certificateholders hereunder. In addition, the Company covenants and agrees to indemnify the Trustee from, and hold it harmless against, any and all losses, liabilities, damages, claims or expenses other than those resulting from the negligence or bad faith of the Trustee. From time to time, the Trustee may request that the Company debit the Mortgage Loan Payment Record pursuant to Section 3.04 to reimburse the Trustee for any Monthly Advances and Nonrecoverable Advances. Section 8.06. Eligibility Requirements for Trustee. The Trustee hereunder shall at all times be a corporation having 108 its principal office either in the State of New York or in the same state as that in which the initial Trustee under this Agreement has its principal office 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 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 8.06, 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. The Trustee shall not be an affiliate of the Company. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 8.06, the Trustee shall resign immediately in the manner and with the effect specified in Section 8.07. Section 8.07. Resignation or Removal of Trustee. The Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Company. Upon receiving such notice of resignation, the Company 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 having accepted appointment within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee. If the conditions in any of the following clauses (i), (ii) or (iii) shall occur at any time, the Company may remove the Trustee: (i) 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 Company; (ii) the Trustee shall be legally unable to act, or shall be adjudged a 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; or (iii) the replacement of the Trustee with a successor Trustee will enable the Company to avoid (and should, based on the information included in the notice referred to below, result in the avoidance of) a downgrading of the ratings assigned to the Certificates by the Rating Agencies (whether or not other actions could avoid such downgrading) and no Event of Default, as provided by Section 7.01 hereof, shall have occurred or be continuing; provided, however, that no action shall be taken pursuant to this clause (iii) unless reasonable notice shall have been provided to the Trustee, which notice shall set forth the 109 basis for any rating downgrade as contemplated by the Rating Agencies and shall also indicate the manner in which such proposed action is intended to avoid such downgrade. If it removes the Trustee under the authority of the immediately preceding sentence, the Company shall promptly 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. Any resignation or removal of the Trustee and appointment of a successor Trustee pursuant to any of the provisions of this Section 8.07 shall not become effective until acceptance of appointment by the successor Trustee as provided in Section 8.08. Section 8.08. Successor Trustee. Any successor Trustee appointed as provided in Section 8.07 shall execute, acknowledge and deliver to the Company 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, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder, with like effect as if originally named as Trustee. The predecessor Trustee shall deliver to the successor Trustee all Mortgage Files and related documents and statements held by it hereunder; and the Company and the predecessor Trustee shall execute and deliver such instruments and do such other things as may reasonably be required for fully and certainly vesting and confirming in the successor Trustee all such rights, powers, duties and obligations. No successor Trustee shall accept appointment as provided in this Section 8.08 unless at the time of such acceptance such successor Trustee shall be eligible under the provisions of Section 8.06. Upon acceptance of appointment by a successor Trustee as provided in this Section 8.08, the Company 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 Company 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 Company. Section 8.09. Merger or Consolidation of Trustee. Any corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to the corporate trust business of the Trustee, shall be the successor of the 110 Trustee hereunder, provided that such corporation 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. Section 8.10. Appointment of Co-Trustee or Separate Trustee. Notwithstanding any other provisions of this Agreement, 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 any Mortgage Note may at the time be located, the Company 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, of all or any part of the Trust Fund, or separate trustee or separate trustees of any part of the Trust Fund, and to vest in such Person or Persons, in such capacity and for the benefit of the Certificateholders, 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 Company and the Trustee may consider necessary or desirable. If the Company 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 and no notice to Certificateholders of the appointment of any co-trustee or separate trustee shall be required under Section 8.08. Every separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the following provisions and conditions: (i) 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 (it being understood that such separate trustee or co-trustee is not authorized to act separately without the Trustee joining in such act), 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 Company 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 singly by such separate trustee or co-trustee, but solely at the direction of the Trustee; 111 (ii) No trustee hereunder shall be held personally liable by reason of any act or omission of any other trustee hereunder; and (iii) The Company and the Trustee acting jointly may at any time accept the resignation of or remove any separate trustee or co-trustee. 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 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 and a copy thereof given to the Company. 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. Compliance with REMIC Provisions; Tax Returns. The Trustee shall at all times act in such a manner in the performance of its duties hereunder as shall be necessary to prevent the Trust Fund from failing to qualify as a REMIC and to prevent the imposition of a tax on the Trust Fund or the REMIC established hereunder. The Trustee, upon request, will furnish the Company with all such information within its possession as may be reasonably required in connection with the preparation of all tax returns of the Trust Fund and any Reserve Fund, and shall, upon request, execute such returns. ARTICLE IX TERMINATION Section 9.01. Termination upon Repurchase by the Company or Liquidation of All Mortgage Loans. Subject to Section 9.02, the respective obligations and responsibilities of the 112 Company and the Trustee created hereby (other than the obligation of the Trustee to make certain payments to Certificateholders after the final Distribution Date and the obligation of the Trustee 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 (a) the repurchase by the Company of all Mortgage Loans and all REO Mortgage Loans remaining in the Trust Fund at a price equal to the sum of (x) 100% of the unpaid principal balance of each Mortgage Loan (other than any REO Mortgage Loans described in the following clause) plus accrued and unpaid interest thereon at the applicable Remittance Rate (less any amounts constituting previously unreimbursed Monthly Advances) to the first day of the month in which such purchase price is to be distributed to Certificateholders and (y) the appraised value of any REO Mortgage Loan (less the good faith estimate of the Company of Liquidation Expenses to be incurred in connection with its disposal thereof), such appraisal to be conducted by an appraiser mutually agreed upon by the Company and the Trustee, and (b) the later of the final payment or other liquidation (or any Monthly Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Fund or the disposition of all property acquired upon foreclosure or by deed in lieu of foreclosure of any Mortgage Loan; provided, however, that in no event shall the Trust Fund 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 of America to the Court of St. James's, living on the date of this Agreement. The right of the Company to repurchase all Mortgage Loans pursuant to clause (a) above shall be conditioned upon the aggregate of the Scheduled Principal Balance of the Outstanding Mortgage Loans, at the time of any such repurchase, aggregating less than 10 percent of the aggregate of the Scheduled Principal Balance of the Mortgage Loans as of the Cut-off Date. Notice of any termination, specifying the 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 Trustee 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 (A) the Distribution Date upon which final payment of the Certificates will be made upon presentation and surrender of the Certificates at the office of the Trustee therein designated, (B) the amount of any such final payment and (C) that the Record Date otherwise applicable to such Distribution Date is not applicable, payments being made only upon presentation and surrender of the Certificates at the office of the Trustee therein specified. The Trustee shall give such notice to the Certificate Registrar at the time such notice is given to Certificateholders. In the event such notice is 113 given in connection with the exercise by the Company of its right of repurchase, the Company shall deposit in the Certificate Account not later than 11:00 a.m. on the Business Day prior to the final Distribution Date in next-day funds an amount equal to the price described above. Upon presentation and surrender of the Certificates, the Trustee shall cause to be distributed to Certificateholders an amount equal to the price calculated as above provided, any such repurchase being in lieu of the distribution otherwise required to be made on the Distribution Date upon which the repurchase is effected. Upon certification to the Trustee by a Servicing Officer following such final deposit, the Trustee shall promptly release to the Company the Mortgage Files for the repurchased Mortgage Loans. On the final Distribution Date, the Trustee shall distribute amounts on deposit in the Certificate Account in accordance with the applicable priorities provided by Section 4.01. Distributions on each Certificate shall be made on the final Distribution Date in the manner specified in Section 4.02 but only upon presentation and surrender of the Certificates. In the event that all of the Certificateholders shall not surrender their Certificates for cancellation within six months after the date specified in the above-mentioned written notice, the Trustee 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 one year after the second notice all the Certificates shall not have been surrendered for cancellation, the Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining Certificateholders concerning surrender of their Certificates, and the cost thereof shall be paid out of the funds and other assets which remain subject hereto. Section 9.02. Additional Termination Requirements. (a) In the event the Company exercises its purchase option as provided in Section 9.01, the Trust Fund and the REMIC established hereunder shall be terminated in accordance with the following additional requirements, unless the Trustee has been supplied with an Opinion of Counsel to the effect that the failure to comply with the requirements of this Section 9.02 will not (i) result in the imposition of taxes on "prohibited transactions" of such REMIC as defined in section 860F of the Code, or (ii) cause the Trust Fund to fail to qualify as a REMIC at any time that any Certificates are outstanding: (i) Within 90 days prior to the final Distribution Date set forth in the notice given by the Trustee under Section 9.01, the Company shall prepare and the Trustee shall execute and adopt a plan of complete liquidation for 114 such REMIC within the meaning of section 860F(a)(4)(A)(i) of the Code, which shall be evidenced by such notice; and (ii) Within 90 days after the time of adoption of such a plan of complete liquidation, the Trustee shall sell all of the assets of the Trust Fund to the Company for cash in accordance with Section 9.01. (b) By their acceptance of the Residual Certificates, the Holders thereof hereby authorize the Trustee to adopt such a plan of complete liquidation which authorization shall be binding on all successor Holders of the Residual Certificates. (c) On the final federal income tax return for the REMIC established hereunder, the Trustee will attach a statement specifying the date of the adoption of the plan of liquidation. ARTICLE X MISCELLANEOUS PROVISIONS Section 10.01. Amendment. This Agreement may be amended from time to time by the Company and the Trustee, without the consent of any of the Certificateholders, to cure any ambiguity, to correct or supplement any provisions herein or therein which may be defective or inconsistent with any other provisions herein, or to surrender any right or power herein conferred upon the Company, or to add any other provisions with respect to matters or questions arising under this Agreement, which shall not be materially inconsistent with the provisions of this Agreement; provided, however, that such action shall not, as evidenced by an Opinion of Counsel, adversely affect in any material respect the interests of any Certificateholder. Notwithstanding the foregoing, without the consent of the Certificateholders, the Trustee and the Company may at any time and from time to time amend this Agreement to modify, eliminate or add to any of its provisions to such extent as shall be necessary or appropriate to maintain the qualification of the Trust Fund as a REMIC under the Code 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 at any time prior to the final redemption of the Certificates, provided that the Trustee has obtained an opinion of independent counsel (which opinion also shall be addressed to the Company) to the effect that such action is necessary or appropriate to maintain such qualification or to avoid or minimize the risk of the imposition of such a tax. This Agreement may also be amended from time to time by the Company and the Trustee with the consent of Holders of Certificates evidencing (i) not less than 66% of the Voting 115 Rights of all the Certificates or (ii) Percentage Interests aggregating not less than 66% of each Class affected by such amendment, for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement, or of modifying in any manner the rights of the Holders of Certificates; provided, however, that no such amendment shall (a) reduce in any manner the amount of, or delay the timing of, collections of payments on the Mortgage Loans or distributions which are required to be made on any Certificate without the consent of the Holder of such Certificate, (b) adversely affect in any material respects the interests of the Holders of any Class of Certificates in any manner other than as described in (a), without the consent of the Holders of Certificates evidencing Percentage Interests aggregating not less than 66% of such Class, or (c) reduce the aforesaid percentages of Certificates of any Class required to consent to any such amendment, without the consent of the Holders of all Certificates of such Class then outstanding. For purposes of this paragraph, references to "Holder" or "Holders" shall be deemed to include, in the case of any Class of Book-Entry Certificates, the related Certificate Owners. 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 to the effect that such amendment will not subject the Trust Fund to tax or cause the Trust Fund to fail to qualify as a REMIC at any time that any Certificates are outstanding. Promptly after the execution of any such amendment or consent 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 10.01 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 requirements as the Trustee may prescribe. Section 10.02. Recordation of Agreement. 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 Company and at its expense on direction by the Trustee, but only upon direction of the Trustee accompanied by an Opinion of Counsel to the effect that such 116 recordation materially and beneficially affects the interests of 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 10.03. Limitation on Rights of Certificateholders. 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 commence any proceeding in any court for a partition or winding up of the Trust Fund, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them. No Certificateholder shall have any right to vote (except as provided in Section 10.01) 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. No Certificateholder shall have any right by virtue or by availing itself of any provisions 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 each Class affected thereby evidencing, as to each such Class, Percentage Interests aggregating not less than 25% 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, and the Trustee, 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 shall have any right in any manner whatever by virtue or by availing itself or themselves of any provisions of this Agreement to affect, disturb or prejudice the rights of the 117 Holders of any other of the Certificates, 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 equal, ratable and common benefit of all Certificateholders. For the protection and enforcement of the provisions of this Section 10.03, each and every Certificateholder and the Trustee shall be entitled to such relief as can be given either at law or in equity. Section 10.04. Governing Law. THIS AGREEMENT SHALL BE 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 10.05. Notices. All demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by certified mail, return receipt requested, (a) in the case of the Company, to GE Capital Mortgage Services, Inc., 3 Executive Campus, Cherry Hill, New Jersey 08002, Attention: General Counsel, (b) in the case of the Trustee, to State Street Bank and Trust Company, Corporate Trust Department, 225 Franklin Street, Boston, Massachusetts 02110, (c) in the case of Fitch, to Fitch IBCA, Inc., One State Street Plaza, New York, New York 10004, Attention: Structured Finance Surveillance, and (d) in the case of S&P, Standard and Poor's Ratings Services, 26 Broadway, 16th Floor, New York, New York 10007, Attention: Mortgage-Backed Securities, or, as to each such Person, at such other address as shall be designated by such Person in a written notice to each other named Person. 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 10.06. Notices to the Rating Agencies. The Company shall deliver written notice of the following events to each Rating Agency promptly following the occurrence thereof: material amendment to this Agreement; any Event of Default; any Trigger Event; change in or termination of the Trustee; removal of the Company or any successor servicer as servicer; repurchase or replacement of any Defective Mortgage Loan pursuant to Section 2.03; and final payment to Certificateholders. In addition, the Company shall deliver copies of the following documents to each Rating Agency at the time such documents are required to be delivered pursuant to this Agreement: monthly statements to Certificateholders pursuant to Section 4.05, annual report of independent accountants pursuant to Section 3.13 and annual servicer compliance report pursuant to Section 3.12. Notwithstanding the foregoing, the failure to deliver such 118 notices or copies shall not constitute an Event of Default under this Agreement. Section 10.07. 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 to the extent permitted by law 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 10.08. Certificates Nonassessable and Fully Paid. It is the intention of the Trustee that Certificateholders shall not be personally liable for obligations of the Trust Fund, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Fund or for any reason whatsoever, and that Certificates upon execution, countersignature and delivery thereof by the Trustee are and shall be deemed fully paid. * * * IN WITNESS WHEREOF, the Company and the Trustee have caused this Agreement to be duly executed by their respective officers and their respective seals, duly attested, to be hereunto affixed, all as of the day and year first above written. GE CAPITAL MORTGAGE SERVICES, INC. By:_______________________ Name: Title: [SEAL] Attest: By:________________________ Name: Title: STATE STREET BANK AND TRUST COMPANY, as Trustee By:_______________________ Name: Title: [SEAL] Attest: By:________________________ Name: Title: State of New Jersey ) ) ss.: County of Camden ) On the day of March, 1998 before me, a notary public in and for the State of New Jersey, personally appeared _______________________, known to me who, being by me duly sworn, did depose and say that he/she resides at ____________________________________________________________; that he/she is a(n) _________________________ of GE Capital Mortgage Services, Inc., a corporation formed under the laws of the State of New Jersey, one of the parties that executed the foregoing instrument; that he/she knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation; and that he/she signed his/her name thereto by like order. _______________________ Notary Public [Notarial Seal] The Commonwealth of Massachusetts ) ) ss.: County of Suffolk ) On the day of March, 1998 before me, a notary public in and for the Commonwealth of Massachusetts, personally appeared ____________________, known to me who, being by me duly sworn, did depose and say that he/she resides at ________________________________________________________________; that he/she is a(n) __________________________________ of State Street Bank and Trust Company, one of the parties that executed the foregoing instrument; that he/she knows the seal of said Bank; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said Bank; and that he/she signed his/her name thereto by order of the Board of Directors of said Bank. _______________________ Notary Public [Notarial Seal] EXHIBIT A FORMS OF CERTIFICATES PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER 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. REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-5 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC. No. R Initial Class A1 Certificate Principal Balance: Class A1 $349,500,180.00 Certificate Interest Initial Certificate Principal Rate per annum: 6.75% Balance of this Certificate: Cut-off Date: March 1, 1998 First Distribution Date: CUSIP: 36158GAF5 April 27, 1998 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 A1 Certificates, both as specified above) in certain distributions with respect to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between the Company and State Street Bank and Trust Company, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein below. To the extent not defined herein, the 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. The Agreement requires the distribution 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 in April 1998, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), of an amount equal to the product of the Percentage Interest evidenced by this Certificate and the aggregate amount required to be distributed to Holders of Certificates of the same Class as this Certificate pursuant to the Agreement. Distributions on this Certificate will be made by the Trustee by check or money order mailed to the Person entitled thereto at the address appearing in the Certificate Register or, upon written request by the Certificateholder, by such other means of payment as such Person and the Trustee shall agree. Except as otherwise provided in the Agreement, the final distribution on this Certificate will be made in the applicable manner described above, after due notice by the Trustee of the pendency of such distribution and only upon presentation and 3 surrender of this Certificate at the office or agency maintained for that purpose by the Trustee in New York, New York. This Certificate is one of a duly authorized issue of Certificates designated as REMIC Multi-Class Pass-Through Certificates, Series 1998-5, issued in twelve Classes (Class A1, Class A2, Class A3, Class A4, Class R, Class M, Class B1, Class B2, Class B3, Class B4, Class B5 and Class PO, herein called the "Certificates"). The Certificates are limited in right of payment to certain payments on and collections in respect of the Mortgage Loans, all as more specifically set forth in the Agreement. The Certificateholder, by its acceptance of this Certificate, agrees that it will look solely to the funds on deposit in the Certificate Account for payment hereunder and that the Trustee in its individual capacity is not personally liable to the Certificateholders for any amount payable under this Certificate or the Agreement or, except as expressly provided in the Agreement, subject to any liability under the Agreement. As provided in the Agreement and with certain exceptions therein provided, certain losses on the Mortgage Loans resulting from defaults by Mortgagors will be borne by the Holders of the Class M, Class B1, Class B2, Class B3, Class B4 and Class B5 Certificates before such losses will be borne by the Holders of the other Classes of the Certificates. This Certificate does not purport to summarize the Agreement and reference is made to the Agreement for the interests, rights and limitations of rights, benefits, obligations and duties evidenced hereby, and the rights, duties and immunities of the Trustee. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Certificateholders under the Agreement at any time by the Company and the Trustee with the consent of the Holders of Certificates evidencing not less than 66% of all the Voting Rights as defined in the Agreement. 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 4 is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. No transfer of any Class M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate which is in the form of a Definitive Certificate shall be made to any Person unless the Trustee has received (i) a certificate from such transferee to the effect that such transferee (x) is not an employee benefit plan subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA") or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended ("Section 4975") (a "Plan") or a Person that is using the assets of a Plan to acquire such Certificate or (y) is an insurance company investing assets of its general account and the exemption provided by Section III(a) of Department of Labor Prohibited Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption") applies to such transferee's acquisition and holding of such Certificate, or (ii) an opinion of counsel satisfactory to the Trustee, which opinion shall not be an expense of the Trustee or the Company, to the effect that the purchase and holding of such Certificate will not constitute or result in the assets of the Trust Fund being deemed to be "plan assets" and subject to the prohibited transaction provisions of ERISA or Section 4975 and will not subject the Trustee or the Company to any obligation in addition to those undertaken in the Agreement; provided, however, that the Trustee will not require such certificate or opinion in the event that, as a result of a change of law or otherwise, counsel satisfactory to the Trustee has rendered an opinion to the effect that the purchase and holding of a Class M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or a Person that is purchasing or holding such Certificate with the assets of a Plan will not constitute or result in a prohibited transaction under ERISA or Section 4975. No transfer of any Class R Certificate shall be made to any Person unless the Trustee has received a certificate from such transferee to the effect that, among other things, such transferee (x) is not an employee benefit plan subject to ERISA or a Plan or a Person that is using the assets of a Plan to acquire any such Class R Certificate or (y) is an insurance company investing assets of its general account and the Exemption applies to such transferee's acquisition and holding of any such Class R Certificate. 5 As provided in the Agreement, and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register of the Trustee upon surrender of this Certificate for registration of transfer at the office or agency maintained by the Trustee in the city in which the Corporate Trust Office of the Trustee is located or in the City of New York, accompanied by a written instrument of transfer in form satisfactory to the Company, 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 the same Class of authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons 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 the same Class of authorized denominations evidencing the same 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 Trustee and the Certificate Registrar and any agent of 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 Trustee, the Certificate Registrar nor any such agent shall be affected by any notice to the contrary. The obligations and responsibilities created by the Agreement, and the Trust Fund created thereby shall terminate upon payment to the Certificateholders, or provision therefor, in accordance with the Agreement following the earlier of (a) the repurchase by the Company of all Mortgage Loans and all property acquired in respect of any Mortgage Loan remaining in the Trust Fund at a price equal to the sum of (x) 100% of the unpaid principal balance of each Mortgage Loan (other than a Mortgage Loan described in clause (y)) plus accrued and unpaid interest thereon at the rate provided for in the Agreement (less any amounts representing previously unreimbursed Monthly Advances) 6 and (y) the appraised value of any property acquired in respect of a Mortgage Loan determined as provided in the Agreement, and (b) the later of the final payment or other liquidation (or any Monthly Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Fund and the disposition of all property acquired upon foreclosure or by deed in lieu of foreclosure of any Mortgage Loan. The right of the Company to repurchase all the Mortgage Loans and property in respect of Mortgage Loans is subject to the Pool Scheduled Principal Balance at the time of repurchase being less than 10 percent of the Pool Scheduled Principal Balance as of the Cut-off Date. The Company's exercise of such right will result in early retirement of the Certificates. Unless this Certificate has been countersigned by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. 7 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed under its official seal. STATE STREET BANK AND TRUST COMPANY, not in its individual capacity but solely as Trustee (SEAL) By:____________________________ Name: Title: Countersigned: By______________________ Authorized Signatory of STATE STREET BANK AND TRUST COMPANY, not in its individual capacity but solely as Trustee Dated:__________________ 8 ASSIGNMENT FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s) and transfer(s) unto Please insert social security or other identifying number of assignee ______________________________________________________________ ______________________________________________________________ (Please print or typewrite name and address including postal zip code of assignee) ______________________________________________________________ this Certificate evidencing a Percentage Interest in certain distributions with respect to the Trust Fund and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of said Trust Fund. I (we) further direct the Certificate Registrar to issue a new Certificate of like Class and Percentage Interest, to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________ ______________________________________________________________ ______________________________________________________________ Dated:____________________ _____________________________________ Signature by or on behalf of assignor __________________________ *Signature Guaranteed* *The signature hereon must be guaranteed by a bank, trust company or broker of the signatory who is a member of a signature guarantee medallion program. 9 PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER 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. 10 REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-5 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC. No. R Initial Class A2 Certificate Principal Balance: Class A2 $12,632,000.00 Certificate Interest Initial Certificate Principal Rate per annum: 6.75% Balance of this Certificate: Cut-off Date: March 1, 1998 First Distribution Date: CUSIP: 36158GAG3 April 27, 1998 11 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 A2 Certificates, both as specified above) in certain distributions with respect to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between the Company and State Street Bank and Trust Company, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein below. To the extent not defined herein, the 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. The Agreement requires the distribution 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 in April 1998, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), of an amount equal to the product of the Percentage Interest evidenced by this Certificate and the aggregate amount required to be distributed to Holders of Certificates of the same Class as this Certificate pursuant to the Agreement. Distributions on this Certificate will be made by the Trustee by check or money order mailed to the Person entitled thereto at the address appearing in the Certificate Register or, upon written request by the Certificateholder, by such other means of payment as such Person and the Trustee shall agree. Except as otherwise provided in the Agreement, the final distribution on 12 PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER 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. 13 REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-5 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC. No. R Initial Class A3 Certificate Principal Balance: Class A3 $42,580,809.00 Certificate Interest Initial Certificate Principal Rate per annum: 6.75% Balance of this Certificate: Cut-off Date: March 1, 1998 First Distribution Date: CUSIP: 36158GAH1 April 27, 1998 14 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 A3 Certificates, both as specified above) in certain distributions with respect to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between the Company and State Street Bank and Trust Company, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein below. To the extent not defined herein, the 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. The Agreement requires the distribution 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 in April 1998, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), of an amount equal to the product of the Percentage Interest evidenced by this Certificate and the aggregate amount required to be distributed to Holders of Certificates of the same Class as this Certificate pursuant to the Agreement. Distributions on this Certificate will be made by the Trustee by check or money order mailed to the Person entitled thereto at the address appearing in the Certificate Register or, upon written request by the Certificateholder, by such other means of payment as such Person and the Trustee shall agree. Except as otherwise provided in the Agreement, the final distribution on 15 PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER 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. 16 REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-5 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC. No. R Initial Class A4 Certificate Principal Balance: Class A4 $21,095,000.00 Certificate Interest Initial Certificate Principal Rate per annum: 6.75% Balance of this Certificate: Cut-off Date: March 1, 1998 First Distribution Date: CUSIP: 36158GAJ7 April 27, 1998 17 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 A4 Certificates, both as specified above) in certain distributions with respect to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between the Company and State Street Bank and Trust Company, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein below. To the extent not defined herein, the 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. The Agreement requires the distribution 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 in April 1998, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), of an amount equal to the product of the Percentage Interest evidenced by this Certificate and the aggregate amount required to be distributed to Holders of Certificates of the same Class as this Certificate pursuant to the Agreement. Distributions on this Certificate will be made by the Trustee by check or money order mailed to the Person entitled thereto at the address appearing in the Certificate Register or, upon written request by the Certificateholder, by such other means of payment as such Person and the Trustee shall agree. Except as otherwise provided in the Agreement, the final distribution on 18 THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE AGREEMENT REFERRED TO HEREIN. PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE AGREEMENT. THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER 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. THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET FORTH HEREIN. 19 REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-5 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC. No. R Initial Class M Certificate Principal Balance: Class M $8,212,279.00 Certificate Interest Initial Certificate Principal Rate per annum: 6.75% Balance of this Certificate: Cut-off Date: March 1, 1998 First Distribution Date: CUSIP: 36158GAL2 April 27, 1998 20 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 M Certificates, both as specified above) in certain distributions with respect to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between the Company and State Street Bank and Trust Company, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein below. To the extent not defined herein, the 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. The Agreement requires the distribution 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 in April 1998, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), of an amount equal to the product of the Percentage Interest evidenced by this Certificate and the aggregate amount required to be distributed to Holders of Certificates of the same Class as this Certificate pursuant to the Agreement. Distributions on this Certificate will be made by the Trustee by check or money order mailed to the Person entitled thereto at the address appearing in the Certificate Register or, upon written request by the Certificateholder, by such other means of payment as such Person and the Trustee shall agree. Except as otherwise provided in the Agreement, the final distribution on this Certificate will be made in the applicable manner described above, after due notice by the Trustee of the pendency of such distribution and only upon presentation and 21 surrender of this Certificate at the office or agency maintained for that purpose by the Trustee in New York, New York. This Certificate is one of a duly authorized issue of Certificates designated as REMIC Multi-Class Pass-Through Certificates, Series 1998-5, issued in twelve Classes (Class A1, Class A2, Class A3, Class A4, Class R, Class M, Class B1, Class B2, Class B3, Class B4, Class B5 and Class PO, herein called the "Certificates"). The Certificates are limited in right of payment to certain payments on and collections in respect of the Mortgage Loans, all as more specifically set forth in the Agreement. The Certificateholder, by its acceptance of this Certificate, agrees that it will look solely to the funds on deposit in the Certificate Account for payment hereunder and that the Trustee in its individual capacity is not personally liable to the Certificateholders for any amount payable under this Certificate or the Agreement or, except as expressly provided in the Agreement, subject to any liability under the Agreement. As provided in the Agreement and with certain exceptions therein provided, certain losses on the Mortgage Loans resulting from defaults by Mortgagors will be borne by the Holders of the Class M, Class B1, Class B2, Class B3, Class B4 and Class B5 Certificates before such losses will be borne by the Holders of the other Classes of the Certificates. This Certificate does not purport to summarize the Agreement and reference is made to the Agreement for the interests, rights and limitations of rights, benefits, obligations and duties evidenced hereby, and the rights, duties and immunities of the Trustee. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Certificateholders under the Agreement at any time by the Company and the Trustee with the consent of the Holders of Certificates evidencing not less than 66% of all the Voting Rights as defined in the Agreement. 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 22 is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. No transfer of any Class M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate which is in the form of a Definitive Certificate shall be made to any Person unless the Trustee has received (i) a certificate from such transferee to the effect that such transferee (x) is not an employee benefit plan subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA") or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended ("Section 4975") (a "Plan") or a Person that is using the assets of a Plan to acquire such Certificate or (y) is an insurance company investing assets of its general account and the exemption provided by Section III(a) of Department of Labor Prohibited Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption") applies to such transferee's acquisition and holding of such Certificate, or (ii) an opinion of counsel satisfactory to the Trustee, which opinion shall not be an expense of the Trustee or the Company, to the effect that the purchase and holding of such Certificate will not constitute or result in the assets of the Trust Fund being deemed to be "plan assets" and subject to the prohibited transaction provisions of ERISA or Section 4975 and will not subject the Trustee or the Company to any obligation in addition to those undertaken in the Agreement; provided, however, that the Trustee will not require such certificate or opinion in the event that, as a result of a change of law or otherwise, counsel satisfactory to the Trustee has rendered an opinion to the effect that the purchase and holding of a Class M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or a Person that is purchasing or holding such Certificate with the assets of a Plan will not constitute or result in a prohibited transaction under ERISA or Section 4975. No transfer of any Class R Certificate shall be made to any Person unless the Trustee has received a certificate from such transferee to the effect that, among other things, such transferee (x) is not an employee benefit plan subject to ERISA or a Plan or a Person that is using the assets of a Plan to acquire any such Class R Certificate or (y) is an insurance company investing assets of its general account and the Exemption applies to such transferee's acquisition and holding of any such Class R Certificate. 23 As provided in the Agreement, and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register of the Trustee upon surrender of this Certificate for registration of transfer at the office or agency maintained by the Trustee in the city in which the Corporate Trust Office of the Trustee is located or in the City of New York, accompanied by a written instrument of transfer in form satisfactory to the Company, 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 the same Class of authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons 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 the same Class of authorized denominations evidencing the same 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 Trustee and the Certificate Registrar and any agent of 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 Trustee, the Certificate Registrar nor any such agent shall be affected by any notice to the contrary. The obligations and responsibilities created by the Agreement, and the Trust Fund created thereby shall terminate upon payment to the Certificateholders, or provision therefor, in accordance with the Agreement following the earlier of (a) the repurchase by the Company of all Mortgage Loans and all property acquired in respect of any Mortgage Loan remaining in the Trust Fund at a price equal to the sum of (x) 100% of the unpaid principal balance of each Mortgage Loan (other than a Mortgage Loan described in clause (y)) plus accrued and unpaid interest thereon at the rate provided for in the Agreement (less any amounts representing previously unreimbursed Monthly Advances) 24 and (y) the appraised value of any property acquired in respect of a Mortgage Loan determined as provided in the Agreement, and (b) the later of the final payment or other liquidation (or any Monthly Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Fund and the disposition of all property acquired upon foreclosure or by deed in lieu of foreclosure of any Mortgage Loan. The right of the Company to repurchase all the Mortgage Loans and property in respect of Mortgage Loans is subject to the Pool Scheduled Principal Balance at the time of repurchase being less than 10 percent of the Pool Scheduled Principal Balance as of the Cut-off Date. The Company's exercise of such right will result in early retirement of the Certificates. Unless this Certificate has been countersigned by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. 25 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed under its official seal. STATE STREET BANK AND TRUST COMPANY, not in its individual capacity but solely as Trustee (SEAL) By:___________________________ Name: Title: Countersigned: By______________________ Authorized Signatory of STATE STREET BANK AND TRUST COMPANY, not in its individual capacity but solely as Trustee Dated:__________________ 26 ASSIGNMENT FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s) and transfer(s) unto Please insert social security or other identifying number of assignee ______________________________________________________________ ______________________________________________________________ (Please print or typewrite name and address including postal zip code of assignee) ______________________________________________________________ this Certificate evidencing a Percentage Interest in certain distributions with respect to the Trust Fund and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of said Trust Fund. I (we) further direct the Certificate Registrar to issue a new Certificate of like Class and Percentage Interest, to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________ ______________________________________________________________ ______________________________________________________________ Dated:_______________________ _____________________________________ Signature by or on behalf of assignor ____________________________ *Signature Guaranteed* *The signature hereon must be guaranteed by a bank, trust company or broker of the signatory who is a member of a signature guarantee medallion program. 27 THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE AGREEMENT REFERRED TO HEREIN. PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE AGREEMENT. THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER 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. THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET FORTH HEREIN. 28 REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-5 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC. No. R Initial Class B1 Certificate Principal Balance: Class B1 $3,551,256.00 Certificate Interest Initial Certificate Principal Rate per annum: 6.75% Balance of this Certificate: Cut-off Date: March 1, 1998 First Distribution Date: CUSIP: 36158GAM0 April 27, 1998 29 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 B1 Certificates, both as specified above) in certain distributions with respect to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between the Company and State Street Bank and Trust Company, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein below. To the extent not defined herein, the 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. The Agreement requires the distribution 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 in April 1998, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), of an amount equal to the product of the Percentage Interest evidenced by this Certificate and the aggregate amount required to be distributed to Holders of Certificates of the same Class as this Certificate pursuant to the Agreement. Distributions on this Certificate will be made by the Trustee by check or money order mailed to the Person entitled thereto at the address appearing in the Certificate Register or, upon written request by the Certificateholder, by such other means of payment as such Person and the Trustee shall agree. Except as otherwise provided in the Agreement, the final distribution on 30 THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE AGREEMENT REFERRED TO HEREIN. PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE AGREEMENT. THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO ISSUER 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. THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET FORTH HEREIN. 31 REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-5 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC. No. R Initial Class B2 Certificate Principal Balance: Class B2 $1,997,581.00 Certificate Interest Initial Certificate Principal Rate per annum: 6.75% Balance of this Certificate: Cut-off Date: March 1, 1998 First Distribution Date: CUSIP: 36158GAN8 April 27, 1998 32 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 B2 Certificates, both as specified above) in certain distributions with respect to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between the Company and State Street Bank and Trust Company, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein below. To the extent not defined herein, the 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. The Agreement requires the distribution 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 in April 1998, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), of an amount equal to the product of the Percentage Interest evidenced by this Certificate and the aggregate amount required to be distributed to Holders of Certificates of the same Class as this Certificate pursuant to the Agreement. Distributions on this Certificate will be made by the Trustee by check or money order mailed to the Person entitled thereto at the address appearing in the Certificate Register or, upon written request by the Certificateholder, by such other means of payment as such Person and the Trustee shall agree. Except as otherwise provided in the Agreement, the final distribution on 33 THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE AGREEMENT REFERRED TO HEREIN. THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE. PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE AGREEMENT. THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). 34 THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET FORTH HEREIN. REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-5 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC. No. R Initial Class B3 Certificate Principal Balance: Class B3 $1,775,628.00 Certificate Interest Initial Certificate Principal Rate per annum: 6.75% Balance of this Certificate: Cut-off Date: March 1, 1998 First Distribution Date: CUSIP: 36157REW1 April 27, 1998 35 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 B3 Certificates, both as specified above) in certain distributions with respect to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between the Company and State Street Bank and Trust Company, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein below. To the extent not defined herein, the 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. The Agreement requires the distribution 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 in April 1998, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), of an amount equal to the product of the Percentage Interest evidenced by this Certificate and the aggregate amount required to be distributed to Holders of Certificates of the same Class as this Certificate pursuant to the Agreement. Distributions on this Certificate will be made by the Trustee by check or money order mailed to the Person entitled thereto at the address appearing in the Certificate Register or, upon written request by the Certificateholder, by such other means of payment as such Person and the Trustee shall agree. Except as otherwise provided in the Agreement, the final distribution on this Certificate will be made in the applicable manner described above, after due notice by the Trustee of the pendency of such distribution and only upon presentation and 36 surrender of this Certificate at the office or agency maintained for that purpose by the Trustee in New York, New York. This Certificate is one of a duly authorized issue of Certificates designated as REMIC Multi-Class Pass-Through Certificates, Series 1998-5, issued in twelve Classes (Class A1, Class A2, Class A3, Class A4, Class R, Class M, Class B1, Class B2, Class B3, Class B4, Class B5 and Class PO, herein called the "Certificates"). The Certificates are limited in right of payment to certain payments on and collections in respect of the Mortgage Loans, all as more specifically set forth in the Agreement. The Certificateholder, by its acceptance of this Certificate, agrees that it will look solely to the funds on deposit in the Certificate Account for payment hereunder and that the Trustee in its individual capacity is not personally liable to the Certificateholders for any amount payable under this Certificate or the Agreement or, except as expressly provided in the Agreement, subject to any liability under the Agreement. As provided in the Agreement and with certain exceptions therein provided, certain losses on the Mortgage Loans resulting from defaults by Mortgagors will be borne by the Holders of the Class M, Class B1, Class B2, Class B3, Class B4 and Class B5 Certificates before such losses will be borne by the Holders of the other Classes of the Certificates. This Certificate does not purport to summarize the Agreement and reference is made to the Agreement for the interests, rights and limitations of rights, benefits, obligations and duties evidenced hereby, and the rights, duties and immunities of the Trustee. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Certificateholders under the Agreement at any time by the Company and the Trustee with the consent of the Holders of Certificates evidencing not less than 66% of all the Voting Rights as defined in the Agreement. 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 37 is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. No transfer of any Class M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate which is in the form of a Definitive Certificate shall be made to any Person unless the Trustee has received (i) a certificate from such transferee to the effect that such transferee (x) is not an employee benefit plan subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA") or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended ("Section 4975") (a "Plan") or a Person that is using the assets of a Plan to acquire such Certificate or (y) is an insurance company investing assets of its general account and the exemption provided by Section III(a) of Department of Labor Prohibited Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption") applies to such transferee's acquisition and holding of such Certificate, or (ii) an opinion of counsel satisfactory to the Trustee, which opinion shall not be an expense of the Trustee or the Company, to the effect that the purchase and holding of such Certificate will not constitute or result in the assets of the Trust Fund being deemed to be "plan assets" and subject to the prohibited transaction provisions of ERISA or Section 4975 and will not subject the Trustee or the Company to any obligation in addition to those undertaken in the Agreement; provided, however, that the Trustee will not require such certificate or opinion in the event that, as a result of a change of law or otherwise, counsel satisfactory to the Trustee has rendered an opinion to the effect that the purchase and holding of a Class M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or a Person that is purchasing or holding such Certificate with the assets of a Plan will not constitute or result in a prohibited transaction under ERISA or Section 4975. No transfer of any Class R Certificate shall be made to any Person unless the Trustee has received a certificate from such transferee to the effect that, among other things, such transferee (x) is not an employee benefit plan subject to ERISA or a Plan or a Person that is using the assets of a Plan to acquire any such Class R Certificate or (y) is an insurance company investing assets of its general account and the Exemption applies to such transferee's acquisition and holding of any such Class R Certificate. 38 As provided in the Agreement, and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register of the Trustee upon surrender of this Certificate for registration of transfer at the office or agency maintained by the Trustee in the city in which the Corporate Trust Office of the Trustee is located or in the City of New York, accompanied by a written instrument of transfer in form satisfactory to the Company, 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 the same Class of authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons 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 the same Class of authorized denominations evidencing the same 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 Trustee and the Certificate Registrar and any agent of 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 Trustee, the Certificate Registrar nor any such agent shall be affected by any notice to the contrary. The obligations and responsibilities created by the Agreement, and the Trust Fund created thereby shall terminate upon payment to the Certificateholders, or provision therefor, in accordance with the Agreement following the earlier of (a) the repurchase by the Company of all Mortgage Loans and all property acquired in respect of any Mortgage Loan remaining in the Trust Fund at a price equal to the sum of (x) 100% of the unpaid principal balance of each Mortgage Loan (other than a Mortgage Loan described in clause (y)) plus accrued and unpaid interest thereon at the rate provided for in the Agreement (less any amounts representing previously unreimbursed Monthly Advances) 39 and (y) the appraised value of any property acquired in respect of a Mortgage Loan determined as provided in the Agreement, and (b) the later of the final payment or other liquidation (or any Monthly Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Fund and the disposition of all property acquired upon foreclosure or by deed in lieu of foreclosure of any Mortgage Loan. The right of the Company to repurchase all the Mortgage Loans and property in respect of Mortgage Loans is subject to the Pool Scheduled Principal Balance at the time of repurchase being less than 10 percent of the Pool Scheduled Principal Balance as of the Cut-off Date. The Company's exercise of such right will result in early retirement of the Certificates. Unless this Certificate has been countersigned by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. 40 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed under its official seal. STATE STREET BANK AND TRUST COMPANY, not in its individual capacity but solely as Trustee (SEAL) By:___________________________ Name: Title: Countersigned: By______________________ Authorized Signatory of STATE STREET BANK AND TRUST COMPANY, not in its individual capacity but solely as Trustee Dated:__________________ 41 ASSIGNMENT FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s) and transfer(s) unto Please insert social security or other identifying number of assignee ______________________________________________________________ ______________________________________________________________ (Please print or typewrite name and address including postal zip code of assignee) ______________________________________________________________ this Certificate evidencing a Percentage Interest in certain distributions with respect to the Trust Fund and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of said Trust Fund. I (we) further direct the Certificate Registrar to issue a new Certificate of like Class and Percentage Interest, to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________ ______________________________________________________________ ______________________________________________________________ Dated:_______________________ _____________________________________ Signature by or on behalf of assignor _____________________________ *Signature Guaranteed* *The signature hereon must be guaranteed by a bank, trust company or broker of the signatory who is a member of a signature guarantee medallion program. 42 In connection with any transfer of this Certificate, the undersigned registered holder hereof confirms that without utilizing any general solicitation or general advertising: (Check One) - |_| (a) This Certificate is being transferred by the undersigned to a person whom the undersigned reasonably believes is a "qualified institutional buyer" (as defined in Rule 144A under the Securities Act of 1933, as amended) pursuant to the exemption from registration under the Securities Act of 1933, as amended, provided by Rule 144A thereunder. |_| (b) This Certificate is being transferred by the undersigned to an institutional "accredited investor" (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act of 1933, as amended) and that the undersigned has been advised by the prospective purchaser that it intends to hold this Certificate for investment and not for distribution or resale. Dated - ----------------------- (Signature) If none of the foregoing boxes is checked, the Trustee shall not be obligated to register this Certificate in the name of any person other than the registered holder thereof unless and until the conditions to any such transfer of registration set forth herein, and in the Pooling and Servicing Agreement have been satisfied. TO BE COMPLETED BY PURCHASER IF (a) ABOVE IS CHECKED: The undersigned represents and warrants that (i) it is a "qualified institutional buyer" (as defined in Rule 144A under the Securities Act of 1933, as amended) and acknowledges that it has received such information as the undersigned has requested 43 pursuant to Rule 144A or has determined not to request such information and that it is aware that the registered holder is relying upon the undersigned's foregoing representations in order to claim the exemption from registration provided by Rule 144A, and (ii) the undersigned (x) is not an employee benefit plan subject to the Employee Retirement Income Security Act of 1974, as amended, or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended, and is not using the assets of any such employee benefit or other plan to acquire this Certificate or (y) is an insurance company investing assets of its general account and the exemptions provided by Section III(a) of Department of Labor Prohibited Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and holding by the undersigned of this Certificate. Dated - ----------------------- (Signature) TO BE COMPLETED BY PURCHASER IF (b) ABOVE IS CHECKED: The undersigned represents and warrants that (i) it is an institutional "accredited investor" (as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act of 1933, as amended), and (ii) the undersigned (x) is not an employee benefit plan subject to the Employee Retirement Income Security Act of 1974, as amended, or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended, and is not using the assets of any such employee benefit or other plan to acquire this Certificate or (y) is an insurance company investing assets of its general account and the exemptions provided by Section III(a) of Department of Labor Prohibited Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995), apply to the acquisition and holding by the undersigned of this Certificate. Dated - ------------------------- (Signature) 44 THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE AGREEMENT REFERRED TO HEREIN. THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE. PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE AGREEMENT. THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). 45 THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET FORTH HEREIN. REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-5 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC. No. R Initial Class B4 Certificate Principal Balance: Class B4 $887,813.00 Certificate Interest Initial Certificate Principal Rate per annum: 6.75% Balance of this Certificate: Cut-off Date: March 1, 1998 First Distribution Date: CUSIP: 36157REX9 April 27, 1998 46 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 B4 Certificates, both as specified above) in certain distributions with respect to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between the Company and State Street Bank and Trust Company, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein below. To the extent not defined herein, the 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. The Agreement requires the distribution 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 in April 1998, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), of an amount equal to the product of the Percentage Interest evidenced by this Certificate and the aggregate amount required to be distributed to Holders of Certificates of the same Class as this Certificate pursuant to the Agreement. Distributions on this Certificate will be made by the Trustee by check or money order mailed to the Person entitled thereto at the address appearing in the Certificate Register or, upon written request by the Certificateholder, by such other means of payment as such Person and the Trustee shall agree. Except as otherwise provided in the Agreement, the final distribution on 47 THIS CERTIFICATE IS SUBORDINATED IN RIGHT OF DISTRIBUTION TO CERTAIN CLASSES OF THE CERTIFICATES AS SET FORTH HEREIN AND IN THE AGREEMENT REFERRED TO HEREIN. THIS CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES ("BLUE SKY LAWS"), AND SUCH CERTIFICATE MAY NOT BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT (A) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES ACT IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (B) PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR (C) TO AN INSTITUTIONAL ACCREDITED INVESTOR AS DEFINED IN RULE 501(a)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT, IN EACH CASE IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH ANY APPLICABLE BLUE SKY LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALES OF THIS CERTIFICATE. PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE AGREEMENT. THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). 48 THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET FORTH HEREIN. REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-5 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC. No. R Initial Class B5 Certificate Principal Balance: Class B5 $1,331,722.81 Certificate Interest Initial Certificate Principal Rate per annum: 6.75% Balance of this Certificate: Cut-off Date: March 1, 1998 First Distribution Date: CUSIP: 36157REY7 April 27, 1998 49 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 B5 Certificates, both as specified above) in certain distributions with respect to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between the Company and State Street Bank and Trust Company, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein below. To the extent not defined herein, the 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. The Agreement requires the distribution 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 in April 1998, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), of an amount equal to the product of the Percentage Interest evidenced by this Certificate and the aggregate amount required to be distributed to Holders of Certificates of the same Class as this Certificate pursuant to the Agreement. Distributions on this Certificate will be made by the Trustee by check or money order mailed to the Person entitled thereto at the address appearing in the Certificate Register or, upon written request by the Certificateholder, by such other means of payment as such Person and the Trustee shall agree. Except as otherwise provided in the Agreement, the final distribution on 50 PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). TRANSFER OF THIS CERTIFICATE IS RESTRICTED AS PROVIDED IN SECTION 5.02 OF THE AGREEMENT. FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS THE "RESIDUAL INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(2) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). A TRANSFEREE OF THIS CERTIFICATE, BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE ACCEPTED THIS CERTIFICATE SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFERABILITY AS SET FORTH IN THE AGREEMENT, AND SHALL BE REQUIRED TO FURNISH AN AFFIDAVIT TO THE TRANSFEROR AND THE TRUSTEE TO THE EFFECT THAT IT IS NOT A DISQUALIFIED ORGANIZATION, AS SUCH TERM IS DEFINED IN CODE SECTION 860E(e)(5), AN AGENT (INCLUDING A BROKER, NOMINEE OR OTHER MIDDLEMAN) FOR SUCH DISQUALIFIED ORGANIZATION, OR AN ENTITY THAT HOLDS REMIC RESIDUAL SECURITIES AS NOMINEE TO FACILITATE THE CLEARANCE AND SETTLEMENT OF SUCH SECURITIES THROUGH BOOK-ENTRY CHANGES IN ACCOUNTS OF PARTICIPATING ORGANIZATIONS (A "BOOK-ENTRY NOMINEE") AND TO HAVE AGREED TO SUCH AMENDMENTS TO THE AGREEMENT AS MAY BE REQUIRED TO FURTHER EFFECTUATE THE RESTRICTIONS ON TRANSFERS TO DISQUALIFIED ORGANIZATIONS, AGENTS THEREOF OR BOOK- ENTRY NOMINEES. THE HOLDER OF THIS CLASS R CERTIFICATE, BY ACCEPTANCE HEREOF, IS DEEMED TO HAVE IRREVOCABLY APPOINTED THE COMPANY (AS DEFINED HEREIN) AS ITS AGENT AND ATTORNEY-IN-FACT TO ACT AS "TAX MATTERS PERSON" OF THE REMIC TO PERFORM THE FUNCTIONS OF A "TAX MATTERS PARTNER" FOR PURPOSES OF SUBCHAPTER C OF CHAPTER 63 OF SUBTITLE F OF THE CODE, WITH RESPECT TO THE TRUST FUND. 51 THIS CERTIFICATE MAY NOT BE PURCHASED BY OR TRANSFERRED TO ANY DISQUALIFIED ORGANIZATION, BOOK-ENTRY NOMINEE OR NON-PERMITTED FOREIGN HOLDER, AS DEFINED IN THE AGREEMENT OR TO ANY EMPLOYEE BENEFIT PLAN SUBJECT TO THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED ("ERISA") OR A PLAN SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("SECTION 4975") (A "PLAN") OR A PERSON THAT IS USING THE ASSETS OF A PLAN TO ACQUIRE THIS CERTIFICATE, EXCEPT AS DESCRIBED HEREIN. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN OTHER RESTRICTIONS AS SET FORTH HEREIN. REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-5 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC. No. R Initial Class R Certificate Principal Balance: Class R $100.00 Certificate Interest Initial Certificate Principal Rate per annum: 6.75% Balance of this Certificate: Cut-off Date: March 1, 1998 First Distribution Date: CUSIP: 36158GAK4 April 27, 1998 52 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 R Certificates, both as specified above) in certain distributions with respect to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 1998(the "Agreement") between the Company and State Street Bank and Trust Company, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein below. To the extent not defined herein, the 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. The Agreement requires the distribution 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 in April 1998, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), of an amount equal to the product of the Percentage Interest evidenced by this Certificate and the aggregate amount required to be distributed to Holders of Certificates of the same Class as this Certificate pursuant to the Agreement. Distributions on this Certificate will be made by the Trustee by check or money order mailed to the Person entitled thereto at the address appearing in the Certificate Register or, upon written request by the Certificateholder, by such other means of payment as such Person and the Trustee shall agree. Except as otherwise provided in the Agreement, the final distribution on this Certificate will be made in the applicable manner described above, after due notice by the Trustee of the pendency of such distribution and only upon presentation and 53 surrender of this Certificate at the office or agency maintained for that purpose by the Trustee in New York, New York. This Certificate is one of a duly authorized issue of Certificates designated as REMIC Multi-Class Pass-Through Certificates, Series 1998-5, issued in twelve Classes (Class A1, Class A2, Class A3, Class A4, Class R, Class M, Class B1, Class B2, Class B3, Class B4, Class B5 and Class PO, herein called the "Certificates"). The Certificates are limited in right of payment to certain payments on and collections in respect of the Mortgage Loans, all as more specifically set forth in the Agreement. The Certificateholder, by its acceptance of this Certificate, agrees that it will look solely to the funds on deposit in the Certificate Account for payment hereunder and that the Trustee in its individual capacity is not personally liable to the Certificateholders for any amount payable under this Certificate or the Agreement or, except as expressly provided in the Agreement, subject to any liability under the Agreement. As provided in the Agreement and with certain exceptions therein provided, certain losses on the Mortgage Loans resulting from defaults by Mortgagors will be borne by the Holders of the Class M, Class B1, Class B2, Class B3, Class B4 and Class B5 Certificates before such losses will be borne by the Holders of the other Classes of the Certificates. This Certificate does not purport to summarize the Agreement and reference is made to the Agreement for the interests, rights and limitations of rights, benefits, obligations and duties evidenced hereby, and the rights, duties and immunities of the Trustee. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Certificateholders under the Agreement at any time by the Company and the Trustee with the consent of the Holders of Certificates evidencing not less than 66% of all the Voting Rights as defined in the Agreement. 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 54 is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. No transfer of any Class M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate which is in the form of a Definitive Certificate shall be made to any Person unless the Trustee has received (i) a certificate from such transferee to the effect that such transferee (x) is not an employee benefit plan subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA") or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended ("Section 4975") (a "Plan") or a Person that is using the assets of a Plan to acquire such Certificate or (y) is an insurance company investing assets of its general account and the exemption provided by Section III(a) of Department of Labor Prohibited Transaction Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption") applies to such transferee's acquisition and holding of such Certificate, or (ii) an opinion of counsel satisfactory to the Trustee, which opinion shall not be an expense of the Trustee or the Company, to the effect that the purchase and holding of such Certificate will not constitute or result in the assets of the Trust Fund being deemed to be "plan assets" and subject to the prohibited transaction provisions of ERISA or Section 4975 and will not subject the Trustee or the Company to any obligation in addition to those undertaken in the Agreement; provided, however, that the Trustee will not require such certificate or opinion in the event that, as a result of a change of law or otherwise, counsel satisfactory to the Trustee has rendered an opinion to the effect that the purchase and holding of a Class M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or a Person that is purchasing or holding such Certificate with the assets of a Plan will not constitute or result in a prohibited transaction under ERISA or Section 4975. No transfer of any Class R Certificate shall be made to any Person unless the Trustee has received a certificate from such transferee to the effect that, among other things, such transferee (x) is not an employee benefit plan subject to ERISA or a Plan or a Person that is using the assets of a Plan to acquire any such Class R Certificate or (y) is an insurance company investing assets of its general account and the Exemption applies to such transferee's acquisition and holding of any such Class R Certificate. 55 As provided in the Agreement, and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register of the Trustee upon surrender of this Certificate for registration of transfer at the office or agency maintained by the Trustee in the city in which the Corporate Trust Office of the Trustee is located or in the City of New York, accompanied by a written instrument of transfer in form satisfactory to the Company, 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 the same Class of authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons 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 the same Class of authorized denominations evidencing the same 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 Trustee and the Certificate Registrar and any agent of 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 Trustee, the Certificate Registrar nor any such agent shall be affected by any notice to the contrary. The obligations and responsibilities created by the Agreement, and the Trust Fund created thereby shall terminate upon payment to the Certificateholders, or provision therefor, in accordance with the Agreement following the earlier of (a) the repurchase by the Company of all Mortgage Loans and all property acquired in respect of any Mortgage Loan remaining in the Trust Fund at a price equal to the sum of (x) 100% of the unpaid principal balance of each Mortgage Loan (other than a Mortgage Loan described in clause (y)) plus accrued and unpaid interest thereon at the rate provided for in the Agreement (less any amounts representing previously unreimbursed Monthly Advances) 56 and (y) the appraised value of any property acquired in respect of a Mortgage Loan determined as provided in the Agreement, and (b) the later of the final payment or other liquidation (or any Monthly Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Fund and the disposition of all property acquired upon foreclosure or by deed in lieu of foreclosure of any Mortgage Loan. The right of the Company to repurchase all the Mortgage Loans and property in respect of Mortgage Loans is subject to the Pool Scheduled Principal Balance at the time of repurchase being less than 10 percent of the Pool Scheduled Principal Balance as of the Cut-off Date. The Company's exercise of such right will result in early retirement of the Certificates. Unless this Certificate has been countersigned by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. 57 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed under its official seal. STATE STREET BANK AND TRUST COMPANY, not in its individual capacity but solely as Trustee (SEAL) By:___________________________ Name: Title: Countersigned: By______________________ Authorized Signatory of STATE STREET BANK AND TRUST COMPANY, not in its individual capacity but solely as Trustee Dated:__________________ 58 ASSIGNMENT FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s) and transfer(s) unto Please insert social security or other identifying number of assignee ______________________________________________________________ ______________________________________________________________ (Please print or typewrite name and address including postal zip code of assignee) ______________________________________________________________ this Certificate evidencing a Percentage Interest in certain distributions with respect to the Trust Fund and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of said Trust Fund. I (we) further direct the Certificate Registrar to issue a new Certificate of like Class and Percentage Interest, to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________ ______________________________________________________________ ______________________________________________________________ Dated:________________________ _____________________________________ Signature by or on behalf of assignor ____________________________ *Signature Guaranteed* *The signature hereon must be guaranteed by a bank, trust company or broker of the signatory who is a member of a signature guarantee medallion program. 59 PRINCIPAL IN RESPECT OF THIS CERTIFICATE IS DISTRIBUTABLE AS SET FORTH IN THE AGREEMENT (AS DEFINED HEREIN). ACCORDINGLY, THE CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AT ANY TIME MAY BE LESS THAN THE INITIAL CERTIFICATE PRINCIPAL BALANCE OF THIS CERTIFICATE AS SET FORTH HEREON. THIS CERTIFICATE DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF GE CAPITAL MORTGAGE SERVICES, INC. OR THE TRUSTEE (AS DEFINED HEREIN). THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). ANY RESALE OR TRANSFER OF THIS CERTIFICATE WITHOUT REGISTRATION THEREOF UNDER THE SECURITIES ACT MAY ONLY BE MADE IN A TRANSACTION EXEMPT FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH SECTION 5.02 OF THE AGREEMENT REFERRED TO HEREIN. THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT" ("REMIC") (AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G(a)(1) AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED). 60 REMIC MULTI-CLASS PASS-THROUGH CERTIFICATE, SERIES 1998-5 evidencing a beneficial ownership interest in a trust fund which consists primarily of a pool of conventional, fixed rate, one- to four-family mortgage loans sold and serviced by GE CAPITAL MORTGAGE SERVICES, INC. No. R Initial Class PO Certificate Principal Balance: Class PO $342,626.14 Certificate Interest Initial Certificate Principal Rate per annum: Balance of this Certificate: non-interest bearing Cut-off Date: March 1, 1998 First Distribution Date: April 27, 1998 61 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 PO Certificates, both as specified above) in certain distributions with respect to the Trust Fund, consisting primarily of a pool (the "Pool") of conventional, fixed rate, one- to four-family mortgage loans (the "Mortgage Loans"), sold and serviced by GE Capital Mortgage Services, Inc., a corporation organized and existing under the laws of the State of New Jersey (the "Company"). The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between the Company and State Street Bank and Trust Company, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein below. To the extent not defined herein, the 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. The Agreement requires the distribution 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 in April 1998, to the Person in whose name this Certificate is registered at the close of business on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), of an amount equal to the product of the Percentage Interest evidenced by this Certificate and the aggregate amount required to be distributed to Holders of Certificates of the same Class as this Certificate pursuant to the Agreement. Distributions on this Certificate will be made by the Trustee by check or money order mailed to the Person entitled thereto at the address appearing in the Certificate Register or, upon written request by the Certificateholder, by such other means of payment as such Person and the Trustee shall agree. Except as otherwise provided in the Agreement, the final distribution on this Certificate will be made in the applicable manner described above, after due notice by the Trustee of the pendency of such distribution and only upon presentation and 62 surrender of this Certificate at the office or agency maintained for that purpose by the Trustee in New York, New York. This Certificate is one of a duly authorized issue of Certificates designated as REMIC Multi-Class Pass-Through Certificates, Series 1998-5, issued in twelve Classes (Class A1, Class A2, Class A3, Class A4, Class R, Class M, Class B1, Class B2, Class B3, Class B4, Class B5 and Class PO, herein called the "Certificates"). The Certificates are limited in right of payment to certain payments on and collections in respect of the Mortgage Loans, all as more specifically set forth in the Agreement. The Certificateholder, by its acceptance of this Certificate, agrees that it will look solely to the funds on deposit in the Certificate Account for payment hereunder and that the Trustee in its individual capacity is not personally liable to the Certificateholders for any amount payable under this Certificate or the Agreement or, except as expressly provided in the Agreement, subject to any liability under the Agreement. As provided in the Agreement and with certain exceptions therein provided, certain losses on the Mortgage Loans resulting from defaults by Mortgagors will be borne by the Holders of the Class M, Class B1, Class B2, Class B3, Class B4 and Class B5 Certificates before such losses will be borne by the Holders of the other Classes of the Certificates. This Certificate does not purport to summarize the Agreement and reference is made to the Agreement for the interests, rights and limitations of rights, benefits, obligations and duties evidenced hereby, and the rights, duties and immunities of the Trustee. The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Certificateholders under the Agreement at any time by the Company and the Trustee with the consent of the Holders of Certificates evidencing not less than 66% of all the Voting Rights as defined in the Agreement. 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 63 is made upon this Certificate. The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates. No transfer of any Class M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate which is in the form of a Definitive Certificate shall be made to any Person unless the Trustee has received (i) a certificate from such transferee to the effect that such transferee (x) is not an employee benefit plan subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA") or a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended ("Section 4975") (a "Plan") or a Person that is using the assets of a Plan to acquire such Certificate or (y) is an insurance company investing assets of its general account and the exemption provided by Section III(a) of Department of Labor Prohibited Transaction Class Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemption") applies to such transferee's acquisition and holding of such Certificate, or (ii) an opinion of counsel satisfactory to the Trustee, which opinion shall not be an expense of the Trustee or the Company, to the effect that the purchase and holding of such Certificate will not constitute or result in the assets of the Trust Fund being deemed to be "plan assets" and subject to the prohibited transaction provisions of ERISA or Section 4975 and will not subject the Trustee or the Company to any obligation in addition to those undertaken in the Agreement; provided, however, that the Trustee will not require such certificate or opinion in the event that, as a result of a change of law or otherwise, counsel satisfactory to the Trustee has rendered an opinion to the effect that the purchase and holding of a Class M, Class B1, Class B2, Class B3, Class B4 or Class B5 Certificate by a Plan or a Person that is purchasing or holding such Certificate with the assets of a Plan will not constitute or result in a prohibited transaction under ERISA or Section 4975. No transfer of any Class R Certificate shall be made to any Person unless the Trustee has received a certificate from such transferee to the effect that, among other things, such transferee (x) is not an employee benefit plan subject to ERISA or a Plan or a Person that is using the assets of a Plan to acquire any such Class R Certificate or (y) is an insurance company investing assets of its general account and the Exemption applies to such transferee's acquisition and holding of any such Class R Certificate. 64 As provided in the Agreement, and subject to certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register of the Trustee upon surrender of this Certificate for registration of transfer at the office or agency maintained by the Trustee in the city in which the Corporate Trust Office of the Trustee is located or in the City of New York, accompanied by a written instrument of transfer in form satisfactory to the Company, 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 the same Class of authorized denominations evidencing the same aggregate Percentage Interest will be issued to the designated transferee or transferees. The Certificates are issuable only as registered Certificates without coupons 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 the same Class of authorized denominations evidencing the same 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 Trustee and the Certificate Registrar and any agent of 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 Trustee, the Certificate Registrar nor any such agent shall be affected by any notice to the contrary. The obligations and responsibilities created by the Agreement, and the Trust Fund created thereby shall terminate upon payment to the Certificateholders, or provision therefor, in accordance with the Agreement following the earlier of (a) the repurchase by the Company of all Mortgage Loans and all property acquired in respect of any Mortgage Loan remaining in the Trust Fund at a price equal to the sum of (x) 100% of the unpaid principal balance of each Mortgage Loan (other than a Mortgage Loan described in clause (y)) plus accrued and unpaid interest thereon at the rate provided for in the Agreement (less any amounts representing previously unreimbursed Monthly Advances) 65 and (y) the appraised value of any property acquired in respect of a Mortgage Loan determined as provided in the Agreement, and (b) the later of the final payment or other liquidation (or any Monthly Advance with respect thereto) of the last Mortgage Loan remaining in the Trust Fund and the disposition of all property acquired upon foreclosure or by deed in lieu of foreclosure of any Mortgage Loan. The right of the Company to repurchase all the Mortgage Loans and property in respect of Mortgage Loans is subject to the Pool Scheduled Principal Balance at the time of repurchase being less than 10 percent of the Pool Scheduled Principal Balance as of the Cut-off Date. The Company's exercise of such right will result in early retirement of the Certificates. Unless this Certificate has been countersigned by the Trustee, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. 66 IN WITNESS WHEREOF, the Trustee has caused this Certificate to be duly executed under its official seal. STATE STREET BANK AND TRUST COMPANY, not in its individual capacity but solely as Trustee (SEAL) By:___________________________ Name: Title: Countersigned: By______________________ Authorized Signatory of STATE STREET BANK AND TRUST COMPANY, not in its individual capacity but solely as Trustee Dated:__________________ 67 ASSIGNMENT FOR VALUE RECEIVED the undersigned hereby sell(s), assign(s) and transfer(s) unto Please insert social security or other identifying number of assignee ______________________________________________________________ ______________________________________________________________ (Please print or typewrite name and address including postal zip code of assignee) ______________________________________________________________ this Certificate evidencing a Percentage Interest in certain distributions with respect to the Trust Fund and hereby authorizes the transfer of registration of such interest to assignee on the Certificate Register of said Trust Fund. I (we) further direct the Certificate Registrar to issue a new Certificate of like Class and Percentage Interest, to the above named assignee and deliver such Certificate to the following address: ______________________________________________________________ ______________________________________________________________ ______________________________________________________________ Dated:___________________ _____________________________________ Signature by or on behalf of assignor _____________________________ *Signature Guaranteed* *The signature hereon must be guaranteed by a bank, trust company or broker of the signatory who is a member of a signature guarantee medallion program. 68 EXHIBIT B PRINCIPAL BALANCE SCHEDULES Not Applicable. EXHIBIT C MORTGAGE LOANS [Each Mortgage Loan shall be identified by loan number, address of the Mortgaged Property and name of the Mortgagor. The following details shall be set forth as to each Mortgage Loan: (i) the principal balance at the time of its origination, (ii) the Scheduled Principal Balance as of the Cut-off Date, (iii) the interest rate borne by the Mortgage Note, (iv) the scheduled monthly level payment of principal and interest, (v) the Loan-To-Value ratio, (vi) the maturity date of the Mortgage Note and (vii) the Base Servicing Fee Rate for such Mortgage Loan. Cooperative Loans shall be designated as such.] 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 1 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0004200622 MORTGAGORS: BUZZALLINO JOAN REGION CODE ADDRESS : 40 RIDGEBROOK LANE 04 CITY : STAMFORD STATE/ZIP : CT 06903 MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT : UNPAID BALANCE : 135,587.82 ANNUAL RATE ADJUST: MONTHLY P&I : 1,261.29 OUTSIDE CONV DATE : LIFETIME RATE : 9.50000 MATURITY DATE : 09/01/20 CURRENT INT RATE: 9.50000 PRODUCT CODE : 002 LTV : 25.00000 ---------------------------------------------------------------- 0 0007487853 MORTGAGORS: CLABAUGH STEPHEN REGION CODE ADDRESS : 3509 S 100TH ST. 00 CITY : OMAHA STATE/ZIP : NE 68124 MORTGAGE AMOUNT : 148,500.00 OPTION TO CONVERT : UNPAID BALANCE : 146,690.26 ANNUAL RATE ADJUST: MONTHLY P&I : 1,128.71 OUTSIDE CONV DATE : LIFETIME RATE : 8.37500 MATURITY DATE : 09/01/26 CURRENT INT RATE: 8.37500 PRODUCT CODE : 002 LTV : 92.81200 ---------------------------------------------------------------- 0 0007512494 MORTGAGORS: FATTORI RUTH REGION CODE ADDRESS : 201 WASHINGTON STREET 00 CITY : HOBOKEN STATE/ZIP : NJ 07030 MORTGAGE AMOUNT : 78,400.00 OPTION TO CONVERT : UNPAID BALANCE : 77,436.16 ANNUAL RATE ADJUST: MONTHLY P&I : 541.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/26 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0007643778 MORTGAGORS: GOODWIN THOMAS GOODWIN ELAINE REGION CODE ADDRESS : 1550 JACOB ROAD 00 CITY : CORTLANDT MANOR STATE/ZIP : NY 10566 MORTGAGE AMOUNT : 422,600.00 OPTION TO CONVERT : UNPAID BALANCE : 420,745.28 ANNUAL RATE ADJUST: MONTHLY P&I : 2,991.14 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.73585 ---------------------------------------------------------------- 0 0030703581 MORTGAGORS: CATECHIS SPYROS CATECHIS MARIAN REGION CODE ADDRESS : 5215 ARIEL ST 01 CITY : HOUSTON STATE/ZIP : TX 77096 MORTGAGE AMOUNT : 194,000.00 OPTION TO CONVERT : UNPAID BALANCE : 189,579.79 ANNUAL RATE ADJUST: MONTHLY P&I : 1,440.44 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/26 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 72.11800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 993,500.00 P & I AMT: 7,363.07 UPB AMT: 970,039.31 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 2 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0030771133 MORTGAGORS: HARRISON DARRELL HARRISON MARY REGION CODE ADDRESS : 2634 CALUMET DRIVE 01 CITY : BROWNSBORO STATE/ZIP : AL 35741 MORTGAGE AMOUNT : 294,210.00 OPTION TO CONVERT : UNPAID BALANCE : 292,748.87 ANNUAL RATE ADJUST: MONTHLY P&I : 2,133.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0030808257 MORTGAGORS: NELSON GARTH NELSON DEBORAH REGION CODE ADDRESS : 1100 SOUTHEAST 11TH PLACE 01 CITY : NORTH BEND STATE/ZIP : WA 98045 MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT : UNPAID BALANCE : 246,117.01 ANNUAL RATE ADJUST: MONTHLY P&I : 1,769.54 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 93.33100 ---------------------------------------------------------------- 0 0030864888 MORTGAGORS: THOMPSON RICHARD THOMPSON JOYCE REGION CODE ADDRESS : 5 THISTLE LANE 01 CITY : HOLMDEL STATE/ZIP : NJ 07733 MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT : UNPAID BALANCE : 374,741.92 ANNUAL RATE ADJUST: MONTHLY P&I : 2,719.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 43.60400 ---------------------------------------------------------------- 0 0030867436 MORTGAGORS: RESSLER GREGORY RESSLER CAROLYN REGION CODE ADDRESS : 15302 STRAUGH DRIVE 01 CITY : LAUREL STATE/ZIP : MD 20707 MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT : UNPAID BALANCE : 250,604.35 ANNUAL RATE ADJUST: MONTHLY P&I : 1,710.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0030872667 MORTGAGORS: ROTH ANTHONY ROTH DEENA REGION CODE ADDRESS : 600 JANNEYS LANE 01 CITY : ALEXANDRIA STATE/ZIP : VA 22302 MORTGAGE AMOUNT : 556,000.00 OPTION TO CONVERT : UNPAID BALANCE : 552,625.84 ANNUAL RATE ADJUST: MONTHLY P&I : 3,887.63 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 07/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,723,010.00 P & I AMT: 12,220.32 UPB AMT: 1,716,837.99 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 3 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0030872725 MORTGAGORS: PERCOX DUANE REGION CODE ADDRESS : 86 NORTHCREST DRIVE 01 CITY : SOUTH SAN FRANCISCO STATE/ZIP : CA 94080 MORTGAGE AMOUNT : 230,500.00 OPTION TO CONVERT : UNPAID BALANCE : 230,156.81 ANNUAL RATE ADJUST: MONTHLY P&I : 1,611.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99700 ---------------------------------------------------------------- 0 0030903892 MORTGAGORS: VAN ZUYLEN HENDRIK VAN ZUYLEN MARIA REGION CODE ADDRESS : 8 NICKLIN LANE 01 CITY : GLEN MILLS STATE/ZIP : PA 19342 MORTGAGE AMOUNT : 238,850.00 OPTION TO CONVERT : UNPAID BALANCE : 238,677.12 ANNUAL RATE ADJUST: MONTHLY P&I : 1,690.57 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 94.98700 ---------------------------------------------------------------- 0 0030919963 MORTGAGORS: YOUNAN MAZIN YOUNAN SHARON REGION CODE ADDRESS : 4108 PONCE DE LEON DRIVE 01 CITY : LA MESA STATE/ZIP : CA 91941 MORTGAGE AMOUNT : 374,500.00 OPTION TO CONVERT : UNPAID BALANCE : 374,032.83 ANNUAL RATE ADJUST: MONTHLY P&I : 2,846.47 OUTSIDE CONV DATE : LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.37500 PRODUCT CODE : 002 LTV : 87.09300 ---------------------------------------------------------------- 0 0030933840 MORTGAGORS: SMITH BRIAN SMITH CATHERINE REGION CODE ADDRESS : LOT 755 NOTTINGHAM ROAD 01 CITY : WINDHAM STATE/ZIP : NH 03087 MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT : UNPAID BALANCE : 271,243.84 ANNUAL RATE ADJUST: MONTHLY P&I : 1,972.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 85.00000 ---------------------------------------------------------------- 0 0030941371 MORTGAGORS: AL-ATTAR ALI AL-ROMANI LAMEES REGION CODE ADDRESS : 6857 ST ALBANS ROAD 01 CITY : MCLEAN STATE/ZIP : VA 22101 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 258,935.65 ANNUAL RATE ADJUST: MONTHLY P&I : 1,907.79 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,375,850.00 P & I AMT: 10,028.71 UPB AMT: 1,373,046.25 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 4 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0030943070 MORTGAGORS: ELIAS NANCY REGION CODE ADDRESS : 315 W BIDDLE STREET 01 CITY : WEST CHESTER STATE/ZIP : PA 19380 MORTGAGE AMOUNT : 83,500.00 OPTION TO CONVERT : UNPAID BALANCE : 83,109.77 ANNUAL RATE ADJUST: MONTHLY P&I : 619.99 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 66.80000 ---------------------------------------------------------------- 0 0030959076 MORTGAGORS: GRIFFITH SCOTT GRIFFITH CYNTHIA REGION CODE ADDRESS : 110 WILLIAMS LANE 01 CITY : FOSTER CITY STATE/ZIP : CA 94404 MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT : UNPAID BALANCE : 330,487.11 ANNUAL RATE ADJUST: MONTHLY P&I : 2,494.21 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 08/01/27 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0030961189 MORTGAGORS: REPPS RONALD CORNWELL YVONNE REGION CODE ADDRESS : 71 HIDDEN VALLEY DRIVE 01 CITY : NEWARK STATE/ZIP : DE 19711 MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT : UNPAID BALANCE : 264,808.20 ANNUAL RATE ADJUST: MONTHLY P&I : 1,875.66 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 94.97500 ---------------------------------------------------------------- 0 0030962955 MORTGAGORS: KIRK JOHN KIRK KIMBERLY REGION CODE ADDRESS : 28 HEATHER WAY 01 CITY : NEWTOWN SQUARE STATE/ZIP : PA 19073 MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT : UNPAID BALANCE : 329,722.76 ANNUAL RATE ADJUST: MONTHLY P&I : 2,167.87 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 71.20000 ---------------------------------------------------------------- 0 0030973622 MORTGAGORS: VIELHABER BETSY VIELHABER ROBERT REGION CODE ADDRESS : 2 WINDING OAK COURT 01 CITY : OLNEY STATE/ZIP : MD 20832 MORTGAGE AMOUNT : 242,150.00 OPTION TO CONVERT : UNPAID BALANCE : 241,823.79 ANNUAL RATE ADJUST: MONTHLY P&I : 1,713.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.98400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,252,650.00 P & I AMT: 8,871.65 UPB AMT: 1,249,951.63 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 5 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0030991020 MORTGAGORS: ABRISHAMI MOHSEN ABRISHAMI FROUGH REGION CODE ADDRESS : 2554 TEMPLETON DRIVE 01 CITY : EL DORADO HILLS STATE/ZIP : CA 95762 MORTGAGE AMOUNT : 277,400.00 OPTION TO CONVERT : UNPAID BALANCE : 276,145.27 ANNUAL RATE ADJUST: MONTHLY P&I : 1,939.63 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 89.91800 ---------------------------------------------------------------- 0 0030995278 MORTGAGORS: WOODLIEF BRUCE WOODLIEF SUSAN REGION CODE ADDRESS : 1831 NORTH MASELLI COURT 01 CITY : VISALIA STATE/ZIP : CA 93291 MORTGAGE AMOUNT : 227,950.00 OPTION TO CONVERT : UNPAID BALANCE : 227,135.08 ANNUAL RATE ADJUST: MONTHLY P&I : 1,633.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 10/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.99500 ---------------------------------------------------------------- 0 0031004047 MORTGAGORS: GROFF TERRY REGION CODE ADDRESS : 13733 EAGLESNEST BAY DRIVE 01 CITY : CORPUS CHRISTI STATE/ZIP : TX 78418 MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT : UNPAID BALANCE : 264,855.19 ANNUAL RATE ADJUST: MONTHLY P&I : 1,905.66 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031018476 MORTGAGORS: YORK CHARLES YORK ELAINE REGION CODE ADDRESS : N8442 TUNNEL ROAD 01 CITY : BELLEVILLE STATE/ZIP : WI 53508 MORTGAGE AMOUNT : 231,150.00 OPTION TO CONVERT : UNPAID BALANCE : 230,810.69 ANNUAL RATE ADJUST: MONTHLY P&I : 1,661.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 08/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 89.98540 ---------------------------------------------------------------- 0 0031019748 MORTGAGORS: TATE-CHRISTIAN SHEILA REGION CODE ADDRESS : 1708 KINGS MANOR DRIVE 01 CITY : MITCHELLVILLE STATE/ZIP : MD 20721 MORTGAGE AMOUNT : 332,200.00 OPTION TO CONVERT : UNPAID BALANCE : 331,705.36 ANNUAL RATE ADJUST: MONTHLY P&I : 2,322.80 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 84.99600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,334,700.00 P & I AMT: 9,463.09 UPB AMT: 1,330,651.59 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 6 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031024573 MORTGAGORS: THOMAS TERRENCE THOMAS DONNA REGION CODE ADDRESS : 5269 LOVERING DRIVE 01 CITY : DOYLESTOWN STATE/ZIP : PA 18901 MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT : UNPAID BALANCE : 251,548.68 ANNUAL RATE ADJUST: MONTHLY P&I : 1,696.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 94.89100 ---------------------------------------------------------------- 0 0031025505 MORTGAGORS: YUT GREGORY IRIZARRY VILMA REGION CODE ADDRESS : 470 COPPERSTONE TRAIL 01 CITY : COPPELL STATE/ZIP : TX 75019 MORTGAGE AMOUNT : 312,450.00 OPTION TO CONVERT : UNPAID BALANCE : 312,218.11 ANNUAL RATE ADJUST: MONTHLY P&I : 2,184.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99100 ---------------------------------------------------------------- 0 0031029192 MORTGAGORS: MEADOWS DAVID MEADOWS STEPHANIE REGION CODE ADDRESS : 7542 DAWN MIST COURT 01 CITY : SUGAR LAND STATE/ZIP : TX 77479 MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT : UNPAID BALANCE : 394,512.06 ANNUAL RATE ADJUST: MONTHLY P&I : 2,768.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031029341 MORTGAGORS: MOSES FREDERICK MOSES PAMELA REGION CODE ADDRESS : 10020 PURITAN WAY 01 CITY : DAMASCUS STATE/ZIP : MD 20872 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,633.64 ANNUAL RATE ADJUST: MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 64.97400 ---------------------------------------------------------------- 0 0031032543 MORTGAGORS: MELINN EDWARD MELINN LORRI REGION CODE ADDRESS : 2929 MORENO AVENUE 01 CITY : PLEASANTON STATE/ZIP : CA 94588 MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT : UNPAID BALANCE : 245,821.95 ANNUAL RATE ADJUST: MONTHLY P&I : 1,741.18 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 71.09800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,446,200.00 P & I AMT: 10,048.48 UPB AMT: 1,443,734.44 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 7 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031035553 MORTGAGORS: HOTTINGER CARL HOTTINGER KAMAL REGION CODE ADDRESS : 306 CARNATION DRIVE 01 CITY : FARMINGDALE STATE/ZIP : NY 11735 MORTGAGE AMOUNT : 269,250.00 OPTION TO CONVERT : UNPAID BALANCE : 269,023.80 ANNUAL RATE ADJUST: MONTHLY P&I : 1,768.78 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031038995 MORTGAGORS: CHASE MICHAEL CHASE SHELLY REGION CODE ADDRESS : 20012 BEAUMONT CIRCLE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92646 MORTGAGE AMOUNT : 289,800.00 OPTION TO CONVERT : UNPAID BALANCE : 288,931.89 ANNUAL RATE ADJUST: MONTHLY P&I : 2,151.76 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031046113 MORTGAGORS: FOX CHARLES REGION CODE ADDRESS : 1 JOSEPH SMITH WAY 01 CITY : BOXFORD STATE/ZIP : MA 01921 MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT : UNPAID BALANCE : 261,656.06 ANNUAL RATE ADJUST: MONTHLY P&I : 1,945.35 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 74.85700 ---------------------------------------------------------------- 0 0031052996 MORTGAGORS: WYCOFF DOUG WYCOFF SUSAN REGION CODE ADDRESS : 3315 WICKSHIRE COURT 01 CITY : PEARLAND STATE/ZIP : TX 77584 MORTGAGE AMOUNT : 122,500.00 OPTION TO CONVERT : UNPAID BALANCE : 122,232.32 ANNUAL RATE ADJUST: MONTHLY P&I : 867.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.96900 ---------------------------------------------------------------- 0 0031055650 MORTGAGORS: MILLER SUSAN MILLER MICHAEL REGION CODE ADDRESS : LOT #6-47-1-3-1 NORTH ROAD 01 CITY : FREMONT STATE/ZIP : NH 03044 MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT : UNPAID BALANCE : 244,441.44 ANNUAL RATE ADJUST: MONTHLY P&I : 1,741.78 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 72.05882 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,188,550.00 P & I AMT: 8,474.72 UPB AMT: 1,186,285.51 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 8 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031059967 MORTGAGORS: GOULD STEPHEN GOULD KATHRYN REGION CODE ADDRESS : 3427 BLANDFORD WAY 01 CITY : DAVIDSONVILLE STATE/ZIP : MD 21035 MORTGAGE AMOUNT : 274,800.00 OPTION TO CONVERT : UNPAID BALANCE : 274,585.63 ANNUAL RATE ADJUST: MONTHLY P&I : 1,874.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99000 ---------------------------------------------------------------- 0 0031060551 MORTGAGORS: KORON STEPHEN KORON MARILYN REGION CODE ADDRESS : 1228-1230 JUNIPERO AVENUE 01 CITY : REDWOOD CITY STATE/ZIP : CA 94061 MORTGAGE AMOUNT : 236,400.00 OPTION TO CONVERT : UNPAID BALANCE : 235,742.79 ANNUAL RATE ADJUST: MONTHLY P&I : 1,714.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031065832 MORTGAGORS: MADRAZO GLENN MADRAZO ANA REGION CODE ADDRESS : 1412 ETHEL STREET 01 CITY : GLENDALE STATE/ZIP : CA 91207 MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT : UNPAID BALANCE : 251,332.59 ANNUAL RATE ADJUST: MONTHLY P&I : 1,871.10 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 76.36300 ---------------------------------------------------------------- 0 0031066772 MORTGAGORS: TRUSTMAN AYAKO TRUSTMAN PAUL REGION CODE ADDRESS : 555 HAHAIONE STREET PH 4 01 CITY : HONOLULU STATE/ZIP : HI 96825 MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT : UNPAID BALANCE : 309,305.50 ANNUAL RATE ADJUST: MONTHLY P&I : 2,167.56 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 69.66200 ---------------------------------------------------------------- 0 0031073232 MORTGAGORS: JOFFRION MARION JOFFRION JAYNE REGION CODE ADDRESS : 17240 NORTH LAKEWAY AVENUE 01 CITY : BATON ROUGE STATE/ZIP : LA 70810 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,488.54 ANNUAL RATE ADJUST: MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 48.40600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,313,200.00 P & I AMT: 9,346.74 UPB AMT: 1,310,455.05 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 9 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031075310 MORTGAGORS: BAIRD RAY BAIRD SUE REGION CODE ADDRESS : 544 77TH STREET SOUTHEAST 01 CITY : FRANKLIN TOWNSHIP STATE/ZIP : MN 55359 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,081.27 ANNUAL RATE ADJUST: MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 82.11600 ---------------------------------------------------------------- 0 0031077506 MORTGAGORS: SOCK RANDALL SOCK LORA REGION CODE ADDRESS : 13160 ADDISON ROAD 01 CITY : ROSWELL STATE/ZIP : GA 30075 MORTGAGE AMOUNT : 363,780.00 OPTION TO CONVERT : UNPAID BALANCE : 362,716.72 ANNUAL RATE ADJUST: MONTHLY P&I : 2,574.82 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.99800 ---------------------------------------------------------------- 0 0031078959 MORTGAGORS: WELSH WILLIAM WELSH MARY REGION CODE ADDRESS : 12432 CIRCULA PANORAMA 01 CITY : SANTA ANA STATE/ZIP : CA 92705 MORTGAGE AMOUNT : 284,250.00 OPTION TO CONVERT : UNPAID BALANCE : 283,517.44 ANNUAL RATE ADJUST: MONTHLY P&I : 2,135.48 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 74.80200 ---------------------------------------------------------------- 0 0031081490 MORTGAGORS: HATANPA RANDALL HATANPA DEBRA REGION CODE ADDRESS : 2322 MANUELA DRIVE 01 CITY : CHASKA STATE/ZIP : MN 55318 MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT : UNPAID BALANCE : 241,657.29 ANNUAL RATE ADJUST: MONTHLY P&I : 1,733.72 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 85.82400 ---------------------------------------------------------------- 0 0031083421 MORTGAGORS: YAVERBAUM ERIC NISKER SURI REGION CODE ADDRESS : 187 LARCHMONT AVENUE 01 CITY : LARCHMONT STATE/ZIP : NY 10538 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 287,401.49 ANNUAL RATE ADJUST: MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,578,030.00 P & I AMT: 11,294.92 UPB AMT: 1,574,374.21 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 10 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031089949 MORTGAGORS: KELLY JOHN KELLY PATRICE REGION CODE ADDRESS : 336 RIDGEWOOD AVENUE 01 CITY : GLEN RIDGE STATE/ZIP : NJ 07028 MORTGAGE AMOUNT : 458,500.00 OPTION TO CONVERT : UNPAID BALANCE : 457,420.47 ANNUAL RATE ADJUST: MONTHLY P&I : 3,127.78 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 73.36000 ---------------------------------------------------------------- 0 0031090152 MORTGAGORS: TEETERS DONALD REGION CODE ADDRESS : 207-82 W. SHEARWATER COURT 01 CITY : JERSEY CITY STATE/ZIP : NJ 07305 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 250,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,769.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 76.92300 ---------------------------------------------------------------- 0 0031096977 MORTGAGORS: CUMMINGS FLORENCE REGION CODE ADDRESS : 18951 ANTIOCH 01 CITY : IRVINE STATE/ZIP : CA 92612 MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT : UNPAID BALANCE : 335,089.14 ANNUAL RATE ADJUST: MONTHLY P&I : 2,465.45 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 78.81000 ---------------------------------------------------------------- 0 0031098361 MORTGAGORS: MARVIN-SMITH GEORGE MARVIN-SMITH LISA REGION CODE ADDRESS : 548 BOSTON POST ROAD 01 CITY : MADISON STATE/ZIP : MA 06443 MORTGAGE AMOUNT : 316,500.00 OPTION TO CONVERT : UNPAID BALANCE : 316,062.95 ANNUAL RATE ADJUST: MONTHLY P&I : 2,294.84 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031099849 MORTGAGORS: SARKISSIAN VICTOR SARKISSIAN STEPHANIE REGION CODE ADDRESS : 14 KATHRYN LANE 01 CITY : BROOMALL STATE/ZIP : PA 19008 MORTGAGE AMOUNT : 403,200.00 OPTION TO CONVERT : UNPAID BALANCE : 402,599.65 ANNUAL RATE ADJUST: MONTHLY P&I : 2,819.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,764,200.00 P & I AMT: 12,476.80 UPB AMT: 1,761,172.21 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 11 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031101611 MORTGAGORS: SHEFFIELD PETER REGION CODE ADDRESS : 5845 EAST SANDSTONE COURT 01 CITY : ORANGE STATE/ZIP : CA 92869 MORTGAGE AMOUNT : 320,750.00 OPTION TO CONVERT : UNPAID BALANCE : 319,835.68 ANNUAL RATE ADJUST: MONTHLY P&I : 2,297.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 89.99700 ---------------------------------------------------------------- 0 0031102312 MORTGAGORS: JONES JEFFERSON JONES LYNN REGION CODE ADDRESS : 8065 PLEASANT RIDGE DRIVE 01 CITY : MIDLAND STATE/ZIP : GA 31820 MORTGAGE AMOUNT : 246,800.00 OPTION TO CONVERT : UNPAID BALANCE : 246,450.49 ANNUAL RATE ADJUST: MONTHLY P&I : 1,768.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.61200 ---------------------------------------------------------------- 0 0031103948 MORTGAGORS: PAYNE A PAYNE SANDRA REGION CODE ADDRESS : 2039 SPRINGLAKE DRIVE 01 CITY : ATLANTA STATE/ZIP : GA 30305 MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT : UNPAID BALANCE : 419,011.13 ANNUAL RATE ADJUST: MONTHLY P&I : 2,865.14 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.84700 ---------------------------------------------------------------- 0 0031105588 MORTGAGORS: PATRICK CATHERINE REGION CODE ADDRESS : 1217 47TH STREET 01 CITY : SACRAMENTO STATE/ZIP : CA 95819 MORTGAGE AMOUNT : 275,500.00 OPTION TO CONVERT : UNPAID BALANCE : 274,513.50 ANNUAL RATE ADJUST: MONTHLY P&I : 2,021.52 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031110778 MORTGAGORS: KLEMPNER DANIEL KLEMPNER LOIS REGION CODE ADDRESS : 2103 SPINNAKER LANE 01 CITY : WEST BLOOMFIELD STATE/ZIP : MI 48324 MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT : UNPAID BALANCE : 246,658.90 ANNUAL RATE ADJUST: MONTHLY P&I : 1,790.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 68.61100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,510,050.00 P & I AMT: 10,743.59 UPB AMT: 1,506,469.70 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 12 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031111347 MORTGAGORS: MONSE LEO MONSE INGRID REGION CODE ADDRESS : 3 GIFFORD STREET 01 CITY : TUCKAHOE VILLAGE STATE/ZIP : NY 10707 MORTGAGE AMOUNT : 267,700.00 OPTION TO CONVERT : UNPAID BALANCE : 267,496.30 ANNUAL RATE ADJUST: MONTHLY P&I : 1,848.94 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 74.98500 ---------------------------------------------------------------- 0 0031114408 MORTGAGORS: NUNEZ DAVID NUNEZ CINDY REGION CODE ADDRESS : 4401 IRONWOOD AVENUE 01 CITY : SEAL BEACH STATE/ZIP : CA 90740 MORTGAGE AMOUNT : 299,725.00 OPTION TO CONVERT : UNPAID BALANCE : 299,132.82 ANNUAL RATE ADJUST: MONTHLY P&I : 2,225.45 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031115660 MORTGAGORS: JAKOBOWSKI RICHARD JAKOBOWSKI PATRICIA REGION CODE ADDRESS : 3336 UPPER PALACE GREEN 01 CITY : VIRGINIA BEACH STATE/ZIP : VA 23452 MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT : UNPAID BALANCE : 246,931.51 ANNUAL RATE ADJUST: MONTHLY P&I : 1,709.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031116163 MORTGAGORS: JOHNSON RON JOHNSON KAREN REGION CODE ADDRESS : 14289 RUBY GLEN COURT 01 CITY : CHINO HILLS STATE/ZIP : CA 91709 MORTGAGE AMOUNT : 257,550.00 OPTION TO CONVERT : UNPAID BALANCE : 256,834.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,867.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 94.99700 ---------------------------------------------------------------- 0 0031116254 MORTGAGORS: THOMPSON KENNETH THOMPSON DIANA REGION CODE ADDRESS : 5403 GOLDSBORO ROAD 01 CITY : BETHESDA STATE/ZIP : MD 20817 MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT : UNPAID BALANCE : 598,655.77 ANNUAL RATE ADJUST: MONTHLY P&I : 4,195.29 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.94900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,672,475.00 P & I AMT: 11,846.53 UPB AMT: 1,669,050.40 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 13 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031116825 MORTGAGORS: GURTMAN STEVEN REGION CODE ADDRESS : 25 TAMMY DRIVE 01 CITY : MOUNT SINAI STATE/ZIP : NY 11766 MORTGAGE AMOUNT : 253,650.00 OPTION TO CONVERT : UNPAID BALANCE : 252,995.52 ANNUAL RATE ADJUST: MONTHLY P&I : 1,795.32 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 94.94843 ---------------------------------------------------------------- 0 0031116981 MORTGAGORS: ROSS SCOTT ROSS BETH REGION CODE ADDRESS : 5812 ROCKMERE DRIVE 01 CITY : BETHESDA STATE/ZIP : MD 20816 MORTGAGE AMOUNT : 479,200.00 OPTION TO CONVERT : UNPAID BALANCE : 478,126.40 ANNUAL RATE ADJUST: MONTHLY P&I : 3,350.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031117625 MORTGAGORS: EDWARDS MAX EDWARDS PAMELA REGION CODE ADDRESS : LOT 1 COVENTRY TREE LANE 01 CITY : KNOXVILLE STATE/ZIP : TN 37919 MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT : UNPAID BALANCE : 354,243.48 ANNUAL RATE ADJUST: MONTHLY P&I : 2,543.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 67.61900 ---------------------------------------------------------------- 0 0031118409 MORTGAGORS: MCCABE JOSEPH MCCABE MARY REGION CODE ADDRESS : 40 DARTMOUTH STREET 01 CITY : BOSTON STATE/ZIP : MA 02116 MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT : UNPAID BALANCE : 199,878.84 ANNUAL RATE ADJUST: MONTHLY P&I : 1,537.83 OUTSIDE CONV DATE : LIFETIME RATE : 8.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.50000 PRODUCT CODE : 250 LTV : 27.77700 ---------------------------------------------------------------- 0 0031119365 MORTGAGORS: KISSICK BRIAN KISSICK KARA REGION CODE ADDRESS : 10086 SOUTH CLYDE CIRCLE 01 CITY : HIGHLANDS RANCH STATE/ZIP : CO 80126 MORTGAGE AMOUNT : 257,400.00 OPTION TO CONVERT : UNPAID BALANCE : 256,782.57 ANNUAL RATE ADJUST: MONTHLY P&I : 1,799.78 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99500 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,545,250.00 P & I AMT: 11,026.83 UPB AMT: 1,542,026.81 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 14 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031120199 MORTGAGORS: SINEL ELLIOT SINEL RANDI REGION CODE ADDRESS : 19 THE DRAWBDRIDGE 01 CITY : WOODBURY STATE/ZIP : NY 11797 MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT : UNPAID BALANCE : 368,732.93 ANNUAL RATE ADJUST: MONTHLY P&I : 2,611.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 60.00000 ---------------------------------------------------------------- 0 0031121627 MORTGAGORS: WILLOUGHBY GERALD ALLEN WILLOUGHBY JOANNE REGION CODE ADDRESS : 3 SURREY LANE 01 CITY : MILTON STATE/ZIP : MA 02186 MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT : UNPAID BALANCE : 350,702.65 ANNUAL RATE ADJUST: MONTHLY P&I : 2,516.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031123193 MORTGAGORS: LEONARD DAVID LEONARD SHIREEN REGION CODE ADDRESS : 3831 MERRIMAC COURT 01 CITY : STOCKTON STATE/ZIP : CA 95219 MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT : UNPAID BALANCE : 246,945.50 ANNUAL RATE ADJUST: MONTHLY P&I : 1,730.56 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031125651 MORTGAGORS: HESLET FREDERICK HESLET MARY LOU REGION CODE ADDRESS : 341 MAIN SAIL 01 CITY : SEA RANCH STATE/ZIP : CA 95497 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 298,598.10 ANNUAL RATE ADJUST: MONTHLY P&I : 2,227.49 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 08/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 66.22500 ---------------------------------------------------------------- 0 0031126741 MORTGAGORS: YOUNG GERALD REGION CODE ADDRESS : 7041 VIACABANA 01 CITY : CARLSBAD STATE/ZIP : CA 92009 MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT : UNPAID BALANCE : 293,629.92 ANNUAL RATE ADJUST: MONTHLY P&I : 2,160.94 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,562,200.00 P & I AMT: 11,246.79 UPB AMT: 1,558,609.10 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 15 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031126972 MORTGAGORS: SALVATORE ANTHONY SALVATORE MARY REGION CODE ADDRESS : 168 ROCKCREST ROAD 01 CITY : MANHASSET STATE/ZIP : NY 11030 MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT : UNPAID BALANCE : 309,769.93 ANNUAL RATE ADJUST: MONTHLY P&I : 2,167.57 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 57.94300 ---------------------------------------------------------------- 0 0031127772 MORTGAGORS: DIEC DAVID LUU NINA REGION CODE ADDRESS : 5 TALL CEDAR COURT 01 CITY : GERMANTOWN STATE/ZIP : MD 20876 MORTGAGE AMOUNT : 251,050.00 OPTION TO CONVERT : UNPAID BALANCE : 250,666.77 ANNUAL RATE ADJUST: MONTHLY P&I : 1,733.94 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 89.99600 ---------------------------------------------------------------- 0 0031128051 MORTGAGORS: CAPPS CHRIS CAPPS BONNIE REGION CODE ADDRESS : 16612 LOIE STREET 01 CITY : YORBA LINDA AREA STATE/ZIP : CA 92886 MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT : UNPAID BALANCE : 283,636.55 ANNUAL RATE ADJUST: MONTHLY P&I : 2,133.60 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 88.75000 ---------------------------------------------------------------- 0 0031128630 MORTGAGORS: MEDEIROS JOHN MEDEIROS SHARON REGION CODE ADDRESS : 7 HIGHRIDGE ROAD 01 CITY : WILBRAHAM STATE/ZIP : MA 01095 MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT : UNPAID BALANCE : 264,634.07 ANNUAL RATE ADJUST: MONTHLY P&I : 1,921.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 61.62700 ---------------------------------------------------------------- 0 0031128929 MORTGAGORS: LUONGO RALPH MADDOX M REGION CODE ADDRESS : 6936 GREENHILL ROAD 01 CITY : PHILADELPHIA STATE/ZIP : PA 19151 MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT : UNPAID BALANCE : 229,509.85 ANNUAL RATE ADJUST: MONTHLY P&I : 1,647.75 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,340,050.00 P & I AMT: 9,604.29 UPB AMT: 1,338,217.17 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 16 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031129315 MORTGAGORS: HEBERT AYNAUD STANGLE JEANNE REGION CODE ADDRESS : 59385 NESLO ROAD 01 CITY : SLIDELL STATE/ZIP : LA 70460 MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT : UNPAID BALANCE : 335,265.79 ANNUAL RATE ADJUST: MONTHLY P&I : 2,378.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 63.39600 ---------------------------------------------------------------- 0 0031129364 MORTGAGORS: DOMNICK SUZANNE REGION CODE ADDRESS : 925 14TH STREET # 22 01 CITY : SANTA MONICA STATE/ZIP : CA 90403 MORTGAGE AMOUNT : 239,200.00 OPTION TO CONVERT : UNPAID BALANCE : 238,664.07 ANNUAL RATE ADJUST: MONTHLY P&I : 1,672.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031129521 MORTGAGORS: HALVORSON RONALD HALVORSON ANNABELLE REGION CODE ADDRESS : 1629 RAMSGATE COURT 01 CITY : RIVERSIDE STATE/ZIP : CA 92506 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 268,087.12 ANNUAL RATE ADJUST: MONTHLY P&I : 2,163.65 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031129927 MORTGAGORS: EVANS RONALD EVANS TERI REGION CODE ADDRESS : 15225 NORTH 11TH STREET 01 CITY : PHOENIX STATE/ZIP : AZ 85022 MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT : UNPAID BALANCE : 324,539.76 ANNUAL RATE ADJUST: MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 77.38000 ---------------------------------------------------------------- 0 0031129935 MORTGAGORS: HAYDEL VICTOR HAYDEL LESLIE REGION CODE ADDRESS : MAIN STREET 01 CITY : GRAFTON STATE/ZIP : VT 05146 MORTGAGE AMOUNT : 319,200.00 OPTION TO CONVERT : UNPAID BALANCE : 318,759.20 ANNUAL RATE ADJUST: MONTHLY P&I : 2,314.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,507,400.00 P & I AMT: 10,857.14 UPB AMT: 1,485,315.94 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 17 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031129984 MORTGAGORS: ROECKNER WILLIAM ROECKNER KAREN REGION CODE ADDRESS : 3005 OAK KNOLL LANE 01 CITY : CARPENTERSVILLE STATE/ZIP : IL 60110 MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT : UNPAID BALANCE : 280,591.93 ANNUAL RATE ADJUST: MONTHLY P&I : 1,988.91 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 65.34800 ---------------------------------------------------------------- 0 0031131097 MORTGAGORS: GOLDSTEIN NED GOLDSTEIN MARCIA REGION CODE ADDRESS : 13924 MAGNOLIA BLVD 01 CITY : SHERMAN OAKS STATE/ZIP : CA 91423 MORTGAGE AMOUNT : 645,000.00 OPTION TO CONVERT : UNPAID BALANCE : 643,692.95 ANNUAL RATE ADJUST: MONTHLY P&I : 4,732.79 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031131162 MORTGAGORS: CLARK RICHARD REGION CODE ADDRESS : 5744 STANBROOK LANE 01 CITY : LAYTONSVILLE STATE/ZIP : MD 20882 MORTGAGE AMOUNT : 325,500.00 OPTION TO CONVERT : UNPAID BALANCE : 325,258.44 ANNUAL RATE ADJUST: MONTHLY P&I : 2,275.94 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- 0 0031131691 MORTGAGORS: BERMAN DAVID BERMAN MADHU REGION CODE ADDRESS : 2419 RALSTON LANE 01 CITY : REDONDO BEACH STATE/ZIP : CA 90278 MORTGAGE AMOUNT : 296,900.00 OPTION TO CONVERT : UNPAID BALANCE : 296,342.52 ANNUAL RATE ADJUST: MONTHLY P&I : 2,256.65 OUTSIDE CONV DATE : LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.37500 PRODUCT CODE : 002 LTV : 89.96900 ---------------------------------------------------------------- 0 0031132103 MORTGAGORS: JAMES ROBERT STUHT SHAWN REGION CODE ADDRESS : 1020 NORTH DOROTHY DRIVE 01 CITY : BREA STATE/ZIP : CA 92861 MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT : UNPAID BALANCE : 223,510.52 ANNUAL RATE ADJUST: MONTHLY P&I : 1,585.46 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,772,400.00 P & I AMT: 12,839.75 UPB AMT: 1,769,396.36 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 18 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031133291 MORTGAGORS: HOSTETTER JOHN HOSTETTER MARY ANN REGION CODE ADDRESS : 4711 TYRONE AVENUE 01 CITY : SHERMAN OAKS STATE/ZIP : CA 91323 MORTGAGE AMOUNT : 321,400.00 OPTION TO CONVERT : UNPAID BALANCE : 320,780.91 ANNUAL RATE ADJUST: MONTHLY P&I : 2,414.58 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 77.72600 ---------------------------------------------------------------- 0 0031133432 MORTGAGORS: HAVERSTOCK STEVEN KRESIE THERESA REGION CODE ADDRESS : 4903 ALONDRA COURT 01 CITY : EL DORADA HILLS STATE/ZIP : CA 95762 MORTGAGE AMOUNT : 307,135.00 OPTION TO CONVERT : UNPAID BALANCE : 306,512.62 ANNUAL RATE ADJUST: MONTHLY P&I : 2,253.65 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 89.02400 ---------------------------------------------------------------- 0 0031134620 MORTGAGORS: PONG NOLAN PONG CATHY REGION CODE ADDRESS : 3320 HALELANI DRIVE 01 CITY : HONOLULU STATE/ZIP : HI 96822 MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT : UNPAID BALANCE : 599,520.19 ANNUAL RATE ADJUST: MONTHLY P&I : 4,042.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031135932 MORTGAGORS: MACINNESS BRETT MACINNESS DIANE REGION CODE ADDRESS : 7595 MONARCH ROAD 01 CITY : NIWOT STATE/ZIP : CO 80503 MORTGAGE AMOUNT : 333,750.00 OPTION TO CONVERT : UNPAID BALANCE : 333,502.31 ANNUAL RATE ADJUST: MONTHLY P&I : 2,333.63 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031138308 MORTGAGORS: DOAN GEORGE REGION CODE ADDRESS : 26611 LAUREL CREST DRIVE 01 CITY : LAGUNA HILLS STATE/ZIP : CA 92653 MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT : UNPAID BALANCE : 319,318.06 ANNUAL RATE ADJUST: MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,882,285.00 P & I AMT: 13,336.69 UPB AMT: 1,879,634.09 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 19 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031139140 MORTGAGORS: RUSCHMEYER LORI RUSCHMEYER ROSS REGION CODE ADDRESS : 809 ST MORITZ 01 CITY : VICTORIA STATE/ZIP : MN 55386 MORTGAGE AMOUNT : 372,800.00 OPTION TO CONVERT : UNPAID BALANCE : 371,964.79 ANNUAL RATE ADJUST: MONTHLY P&I : 2,606.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031139215 MORTGAGORS: GIUDICE WILLIAM GIUDICE ANNE REGION CODE ADDRESS : 42 WATERSTON ROAD 01 CITY : NEWTON STATE/ZIP : MA 02166 MORTGAGE AMOUNT : 300,500.00 OPTION TO CONVERT : UNPAID BALANCE : 300,074.45 ANNUAL RATE ADJUST: MONTHLY P&I : 2,152.82 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 42.32300 ---------------------------------------------------------------- 0 0031139603 MORTGAGORS: KATZ GREGORY KATZ KIMBERLY REGION CODE ADDRESS : 8 STONY WYLDE LANE 01 CITY : GREENWICH STATE/ZIP : CT 06830 MORTGAGE AMOUNT : 740,000.00 OPTION TO CONVERT : UNPAID BALANCE : 738,783.32 ANNUAL RATE ADJUST: MONTHLY P&I : 4,923.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 015 LTV : 80.00000 ---------------------------------------------------------------- 0 0031140791 MORTGAGORS: DEMORAY TONETTE DEMORAY JEAN REGION CODE ADDRESS : 6102 PALO ALTO DRIVE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92647 MORTGAGE AMOUNT : 245,100.00 OPTION TO CONVERT : UNPAID BALANCE : 244,603.32 ANNUAL RATE ADJUST: MONTHLY P&I : 1,798.46 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031141666 MORTGAGORS: PET MANDY PET ROBERT REGION CODE ADDRESS : 13415 ARADA COURT 01 CITY : HIGHLAND STATE/ZIP : MD 20777 MORTGAGE AMOUNT : 320,100.00 OPTION TO CONVERT : UNPAID BALANCE : 319,400.54 ANNUAL RATE ADJUST: MONTHLY P&I : 2,265.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 89.51300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,978,500.00 P & I AMT: 13,746.84 UPB AMT: 1,974,826.42 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 20 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031142052 MORTGAGORS: BROWN JAMES BROWN GAILA REGION CODE ADDRESS : 410 DEER TRAIL LAKES DR 01 CITY : CLARKSVILLE STATE/ZIP : GA 30523 MORTGAGE AMOUNT : 244,200.00 OPTION TO CONVERT : UNPAID BALANCE : 244,018.76 ANNUAL RATE ADJUST: MONTHLY P&I : 1,707.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 88.80000 ---------------------------------------------------------------- 0 0031142136 MORTGAGORS: BAKKER LESLEY BAKKER HENDRIK REGION CODE ADDRESS : 481 JACQUES LANE 01 CITY : MEDIA STATE/ZIP : PA 19063 MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT : UNPAID BALANCE : 256,294.88 ANNUAL RATE ADJUST: MONTHLY P&I : 1,728.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031142474 MORTGAGORS: BERNATH NOEL REGION CODE ADDRESS : 9685 OAK LEAF WAY 01 CITY : GRANITE BAY STATE/ZIP : CA 95746 MORTGAGE AMOUNT : 215,000.00 OPTION TO CONVERT : UNPAID BALANCE : 214,687.79 ANNUAL RATE ADJUST: MONTHLY P&I : 1,521.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 250 LTV : 65.15100 ---------------------------------------------------------------- 0 0031142789 MORTGAGORS: CICOGNA CLIFFORD CICOGNA PATRICIA REGION CODE ADDRESS : 2405 RIVER ROAD 01 CITY : POINT PLEASANT STATE/ZIP : NJ 08742 MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT : UNPAID BALANCE : 499,291.92 ANNUAL RATE ADJUST: MONTHLY P&I : 3,582.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 250 LTV : 66.66600 ---------------------------------------------------------------- 0 0031143712 MORTGAGORS: RICE TIMOTHY REGION CODE ADDRESS : 11361 LOCH LOMOND ROAD 01 CITY : LOS ALAMITOS STATE/ZIP : CA 90720 MORTGAGE AMOUNT : 229,200.00 OPTION TO CONVERT : UNPAID BALANCE : 228,723.69 ANNUAL RATE ADJUST: MONTHLY P&I : 1,661.86 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 71.96200 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,444,900.00 P & I AMT: 10,201.27 UPB AMT: 1,443,017.04 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 21 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031143894 MORTGAGORS: SHOOP BRETT SHOOP LYN REGION CODE ADDRESS : 107 JORDAN TAYLOR LANE 01 CITY : HARWOOD STATE/ZIP : MD 20776 MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT : UNPAID BALANCE : 349,027.01 ANNUAL RATE ADJUST: MONTHLY P&I : 2,537.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 77.77700 ---------------------------------------------------------------- 0 0031147135 MORTGAGORS: VISHNESKY PAUL VISHNESKY CHRISTINE REGION CODE ADDRESS : 591 LAKE PARK DRIVE 01 CITY : COPPELL STATE/ZIP : TX 75019 MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT : UNPAID BALANCE : 319,318.06 ANNUAL RATE ADJUST: MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031147150 MORTGAGORS: KEEHAN TIMOTHY KEEHAN CAROLYN REGION CODE ADDRESS : 8900 DAY LILY COURT 01 CITY : FAIRFAX STATE/ZIP : VA 22031 MORTGAGE AMOUNT : 295,750.00 OPTION TO CONVERT : UNPAID BALANCE : 295,275.57 ANNUAL RATE ADJUST: MONTHLY P&I : 1,992.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 79.99600 ---------------------------------------------------------------- 0 0031147168 MORTGAGORS: COLLETT LEONARD REGION CODE ADDRESS : 2221 BEECHWOOD LANE 01 CITY : FLOWER MOUND STATE/ZIP : TX 75023 MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT : UNPAID BALANCE : 159,615.20 ANNUAL RATE ADJUST: MONTHLY P&I : 1,132.48 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031147184 MORTGAGORS: MINER SCOTT MINER APRIL REGION CODE ADDRESS : 157 NORTH QUARTER 01 CITY : WILLIAMSBURG STATE/ZIP : VA 23185 MORTGAGE AMOUNT : 310,707.00 OPTION TO CONVERT : UNPAID BALANCE : 310,470.57 ANNUAL RATE ADJUST: MONTHLY P&I : 2,145.98 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.90700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,436,457.00 P & I AMT: 10,101.25 UPB AMT: 1,433,706.41 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 22 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031147267 MORTGAGORS: KENNY MICHAEL KENNY ELYSE REGION CODE ADDRESS : 15 AUBURN DRIVE 01 CITY : RICHBORO STATE/ZIP : PA 18954 MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT : UNPAID BALANCE : 264,605.43 ANNUAL RATE ADJUST: MONTHLY P&I : 1,852.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 72.10800 ---------------------------------------------------------------- 0 0031147408 MORTGAGORS: DUXIN JAY DUXIN DIANE REGION CODE ADDRESS : 6 WOODLAND COURT 01 CITY : STONINGTON STATE/ZIP : CT 06379 MORTGAGE AMOUNT : 371,200.00 OPTION TO CONVERT : UNPAID BALANCE : 370,924.51 ANNUAL RATE ADJUST: MONTHLY P&I : 2,595.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031147465 MORTGAGORS: WESSEL MICHAEL REGION CODE ADDRESS : 6429 SPRING TERRACE 01 CITY : FALLS CHURCH STATE/ZIP : VA 22042 MORTGAGE AMOUNT : 409,500.00 OPTION TO CONVERT : UNPAID BALANCE : 409,203.61 ANNUAL RATE ADJUST: MONTHLY P&I : 2,898.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031147473 MORTGAGORS: RISTOW MICHAEL RISTOW JANICE REGION CODE ADDRESS : 10223 N.E. 62ND STREET 01 CITY : KIRKLAND STATE/ZIP : WA 98033 MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT : UNPAID BALANCE : 391,416.32 ANNUAL RATE ADJUST: MONTHLY P&I : 2,740.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031147721 MORTGAGORS: MOORELAND JAMES REGION CODE ADDRESS : 1142 WESTCREEK LANE 01 CITY : THOUSAND OAKS STATE/ZIP : CA 91362 MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT : UNPAID BALANCE : 285,624.55 ANNUAL RATE ADJUST: MONTHLY P&I : 2,123.55 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 74.28500 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,723,700.00 P & I AMT: 12,211.31 UPB AMT: 1,721,774.42 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 23 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031148463 MORTGAGORS: WILLIAMSON BARRY WILLIAMSON HOLLY REGION CODE ADDRESS : 10550 INDIGO BROOM LOOP 01 CITY : AUSTIN STATE/ZIP : TX 78733 MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT : UNPAID BALANCE : 254,628.25 ANNUAL RATE ADJUST: MONTHLY P&I : 1,784.40 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99100 ---------------------------------------------------------------- 0 0031148695 MORTGAGORS: DHARNI RENEE DHARNI KULJIT REGION CODE ADDRESS : 51 INDIAN WIND DRIVE 01 CITY : SCITUATE STATE/ZIP : MA 02066 MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT : UNPAID BALANCE : 367,465.61 ANNUAL RATE ADJUST: MONTHLY P&I : 2,604.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031151038 MORTGAGORS: LUNDGREN LARS LUNDGREN ROBYNE REGION CODE ADDRESS : 46 GALE ROAD 01 CITY : HAMPTON STATE/ZIP : NH 03842 MORTGAGE AMOUNT : 396,000.00 OPTION TO CONVERT : UNPAID BALANCE : 395,067.63 ANNUAL RATE ADJUST: MONTHLY P&I : 2,701.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 69.71800 ---------------------------------------------------------------- 0 0031151434 MORTGAGORS: CRUZ FRED CRUZ KIMBERLY REGION CODE ADDRESS : 9790 LA ZAPATILLA CIRCLE 01 CITY : FOUNTAIN VALLEY STATE/ZIP : CA 92708 MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT : UNPAID BALANCE : 215,528.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,528.84 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031151962 MORTGAGORS: LI JIAN NI LYDIA REGION CODE ADDRESS : 1805 SPRUCE STREET 01 CITY : PHILADELPHIA STATE/ZIP : PA 19103 MORTGAGE AMOUNT : 225,000.00 OPTION TO CONVERT : UNPAID BALANCE : 224,719.33 ANNUAL RATE ADJUST: MONTHLY P&I : 1,710.16 OUTSIDE CONV DATE : LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.37500 PRODUCT CODE : 250 LTV : 75.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,460,200.00 P & I AMT: 10,329.50 UPB AMT: 1,457,408.82 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 24 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031152739 MORTGAGORS: THOMPSON ROGER THOMPSON DEBORAH REGION CODE ADDRESS : 912 CLERMONT AVE 01 CITY : DALLAS STATE/ZIP : TX 75223 MORTGAGE AMOUNT : 190,000.00 OPTION TO CONVERT : UNPAID BALANCE : 189,584.82 ANNUAL RATE ADJUST: MONTHLY P&I : 1,344.81 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031152937 MORTGAGORS: HUGHES ARTHUR HUGHES CYNTHIA REGION CODE ADDRESS : 12508 WOODBRIDGE COURT 01 CITY : MITCHELLVILLE STATE/ZIP : MD 20721 MORTGAGE AMOUNT : 325,650.00 OPTION TO CONVERT : UNPAID BALANCE : 325,188.83 ANNUAL RATE ADJUST: MONTHLY P&I : 2,333.00 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.99600 ---------------------------------------------------------------- 0 0031153430 MORTGAGORS: ANNEN DONALD ANNEN VIRGINIA REGION CODE ADDRESS : #48 REGENCY COVE 01 CITY : LAKE OZARK STATE/ZIP : MO 65049 MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT : UNPAID BALANCE : 649,032.21 ANNUAL RATE ADJUST: MONTHLY P&I : 4,544.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 72.38300 ---------------------------------------------------------------- 0 0031153497 MORTGAGORS: KALMBACH EWALD KALMBACH DEANNA REGION CODE ADDRESS : 3943 CENTRAL AVENUE 01 CITY : OCEAN CITY STATE/ZIP : NJ 08226 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,838.97 ANNUAL RATE ADJUST: MONTHLY P&I : 1,761.03 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 62.33700 ---------------------------------------------------------------- 0 0031153950 MORTGAGORS: MONROE DANIEL MONROE MARIA REGION CODE ADDRESS : 3549 CORTE DULCE 01 CITY : CARLSBAD STATE/ZIP : CA 92009 MORTGAGE AMOUNT : 584,000.00 OPTION TO CONVERT : UNPAID BALANCE : 582,846.16 ANNUAL RATE ADJUST: MONTHLY P&I : 4,336.19 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 79.99500 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,989,650.00 P & I AMT: 14,319.92 UPB AMT: 1,986,490.99 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 25 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031154768 MORTGAGORS: SANKAR M. SANKAR SARADA REGION CODE ADDRESS : 6115 HOLLY RIDGE COURT 01 CITY : COLUMBIA STATE/ZIP : MD 21044 MORTGAGE AMOUNT : 324,050.00 OPTION TO CONVERT : UNPAID BALANCE : 323,809.51 ANNUAL RATE ADJUST: MONTHLY P&I : 2,265.80 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.53800 ---------------------------------------------------------------- 0 0031154867 MORTGAGORS: COBB CHRISTOPHER COBB CINDY REGION CODE ADDRESS : 375 ALVISO STREET 01 CITY : SANTA CLARA STATE/ZIP : CA 95050 MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT : UNPAID BALANCE : 284,254.01 ANNUAL RATE ADJUST: MONTHLY P&I : 1,992.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031154925 MORTGAGORS: SACHS EDWARD SACHS LEAGH REGION CODE ADDRESS : 26392 LOMBARDY ROAD 01 CITY : MISSION VIEJO STATE/ZIP : CA 92692 MORTGAGE AMOUNT : 291,200.00 OPTION TO CONVERT : UNPAID BALANCE : 290,551.67 ANNUAL RATE ADJUST: MONTHLY P&I : 2,061.10 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031156623 MORTGAGORS: GREBBER DAVID GREBBER ELISSA REGION CODE ADDRESS : 180 MEETINGHOUSE CIRCLE 01 CITY : NEEDHAM STATE/ZIP : MA 02192 MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT : UNPAID BALANCE : 270,606.47 ANNUAL RATE ADJUST: MONTHLY P&I : 1,918.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 74.65500 ---------------------------------------------------------------- 0 0031156706 MORTGAGORS: GRECO STEVEN GRECO MARY ANNE REGION CODE ADDRESS : 19401 SIERRA BELLO ROAD 01 CITY : IRVINE STATE/ZIP : CA 92611 MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT : UNPAID BALANCE : 303,495.16 ANNUAL RATE ADJUST: MONTHLY P&I : 2,283.86 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,475,250.00 P & I AMT: 10,521.64 UPB AMT: 1,472,716.82 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 26 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031157365 MORTGAGORS: CANFIELD PERSHING CANFIELD ELLEN REGION CODE ADDRESS : 88 UPPER RAINBOW TRAIL 01 CITY : PARSIPPANY STATE/ZIP : NJ 07834 MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT : UNPAID BALANCE : 292,298.70 ANNUAL RATE ADJUST: MONTHLY P&I : 2,120.83 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031157910 MORTGAGORS: SMITH GREGORY SMITH SARA REGION CODE ADDRESS : 15780 EL CAMINO ENTRADA 01 CITY : POWAY STATE/ZIP : CA 92064 MORTGAGE AMOUNT : 624,000.00 OPTION TO CONVERT : UNPAID BALANCE : 623,536.90 ANNUAL RATE ADJUST: MONTHLY P&I : 4,363.10 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 67.45900 ---------------------------------------------------------------- 0 0031158231 MORTGAGORS: SETZER LAURA REGION CODE ADDRESS : 212 CHANGE ST 01 CITY : NEWBERN STATE/ZIP : NC 28560 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,575.15 ANNUAL RATE ADJUST: MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031159213 MORTGAGORS: CARTER ALAN CARTER BELINDA REGION CODE ADDRESS : 1007 CAMINO FLORES 01 CITY : THOUSAND OAKS STATE/ZIP : CA 91360 MORTGAGE AMOUNT : 321,600.00 OPTION TO CONVERT : UNPAID BALANCE : 320,660.05 ANNUAL RATE ADJUST: MONTHLY P&I : 2,276.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031159551 MORTGAGORS: KRONE PAUL RUGGIERI M. REGION CODE ADDRESS : 61 W. 9TH STREET # 6C 01 CITY : NEW YORK STATE/ZIP : NY 10011 MORTGAGE AMOUNT : 325,500.00 OPTION TO CONVERT : UNPAID BALANCE : 325,500.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,220.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,863,600.00 P & I AMT: 13,129.92 UPB AMT: 1,861,570.80 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 27 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031160278 MORTGAGORS: LYMAN JAMES LYMAN CYNTHIA REGION CODE ADDRESS : 11 THE CROWS NEST 01 CITY : PORT WASHINGTON STATE/ZIP : NY 11050 MORTGAGE AMOUNT : 253,750.00 OPTION TO CONVERT : UNPAID BALANCE : 253,575.36 ANNUAL RATE ADJUST: MONTHLY P&I : 1,839.87 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 79.29600 ---------------------------------------------------------------- 0 0031161474 MORTGAGORS: CASE GREGORY CASE JENNIFER REGION CODE ADDRESS : 330 NORTH ITHAN AVENUE 01 CITY : ROSEMONT STATE/ZIP : PA 19010 MORTGAGE AMOUNT : 535,200.00 OPTION TO CONVERT : UNPAID BALANCE : 534,782.49 ANNUAL RATE ADJUST: MONTHLY P&I : 3,651.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031162902 MORTGAGORS: RODRIGUEZ ANTOLINA REGION CODE ADDRESS : 820 EAST 16TH PLACE 01 CITY : HIALEAH STATE/ZIP : FL 33010 MORTGAGE AMOUNT : 40,000.00 OPTION TO CONVERT : UNPAID BALANCE : 39,947.49 ANNUAL RATE ADJUST: MONTHLY P&I : 297.00 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 28.57100 ---------------------------------------------------------------- 0 0031163165 MORTGAGORS: GOETZ GEORGE GOETZ MARIROSA REGION CODE ADDRESS : 83 PROSPECT ST 01 CITY : FRAMINGHAM STATE/ZIP : MA 01701 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 259,548.90 ANNUAL RATE ADJUST: MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031163199 MORTGAGORS: DELMAR VAL DELMAR NANCY REGION CODE ADDRESS : 650 BELINDA LANE 01 CITY : KELLER STATE/ZIP : TX 76248 MORTGAGE AMOUNT : 349,100.00 OPTION TO CONVERT : UNPAID BALANCE : 348,567.09 ANNUAL RATE ADJUST: MONTHLY P&I : 2,411.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.99400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,438,050.00 P & I AMT: 9,994.79 UPB AMT: 1,436,421.33 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 28 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031163629 MORTGAGORS: SMITH LANCE LUCE SALLY REGION CODE ADDRESS : 41 HAWKES CLOSE 01 CITY : IRVINGTON STATE/ZIP : NY 10533 MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT : UNPAID BALANCE : 499,273.93 ANNUAL RATE ADJUST: MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 51.81200 ---------------------------------------------------------------- 0 0031163835 MORTGAGORS: ZADOORIAN JURA REGION CODE ADDRESS : 407 SOUTH BEL AIRE DRIVE 01 CITY : BURBANK STATE/ZIP : CA 91501 MORTGAGE AMOUNT : 233,700.00 OPTION TO CONVERT : UNPAID BALANCE : 233,225.90 ANNUAL RATE ADJUST: MONTHLY P&I : 1,714.81 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031164312 MORTGAGORS: LINDMAN HARRY LINDMAN PATRICIA REGION CODE ADDRESS : 856 GREENTHORNE BOULEVARD 01 CITY : SCHENECTADY STATE/ZIP : NY 12303 MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT : UNPAID BALANCE : 449,399.21 ANNUAL RATE ADJUST: MONTHLY P&I : 3,341.24 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 88.75700 ---------------------------------------------------------------- 0 0031165244 MORTGAGORS: KOSS WILLIAM REGION CODE ADDRESS : 9 MOUNTAIN ASH LANE, UNIT 11-9 01 CITY : FRANKLIN STATE/ZIP : MA 02038 MORTGAGE AMOUNT : 223,950.00 OPTION TO CONVERT : UNPAID BALANCE : 223,484.60 ANNUAL RATE ADJUST: MONTHLY P&I : 1,623.79 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 94.99500 ---------------------------------------------------------------- 0 0031165681 MORTGAGORS: JENSEN CARL TRYON TANYA REGION CODE ADDRESS : 1306 CRYSTAL LAKE CIRCLE EAST 01 CITY : PEARLAND STATE/ZIP : TX 77584 MORTGAGE AMOUNT : 143,850.00 OPTION TO CONVERT : UNPAID BALANCE : 143,551.03 ANNUAL RATE ADJUST: MONTHLY P&I : 1,043.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 79.99444 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,551,500.00 P & I AMT: 11,261.83 UPB AMT: 1,548,934.67 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 29 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031165731 MORTGAGORS: PIPER ANN REGION CODE ADDRESS : 10 FLORIDA AVENUE 01 CITY : BERKELEY STATE/ZIP : CA 94707 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,392.10 ANNUAL RATE ADJUST: MONTHLY P&I : 2,201.29 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031166143 MORTGAGORS: CURTIS JOHN CURTIS SUSAN REGION CODE ADDRESS : 4929 EAST VALLEY VISTA LANE 01 CITY : PARADISE VALLEY STATE/ZIP : AZ 85253 MORTGAGE AMOUNT : 649,950.00 OPTION TO CONVERT : UNPAID BALANCE : 649,006.17 ANNUAL RATE ADJUST: MONTHLY P&I : 4,600.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 64.99500 ---------------------------------------------------------------- 0 0031166549 MORTGAGORS: NERHEIM CATHERINE REGION CODE ADDRESS : 610 ESPLANADE 01 CITY : PELHAM MANOR STATE/ZIP : NY 10803 MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT : UNPAID BALANCE : 343,524.97 ANNUAL RATE ADJUST: MONTHLY P&I : 2,494.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031166556 MORTGAGORS: CARTER MICHAEL CARTER HELEN REGION CODE ADDRESS : 6 TALL CEDAR COURT 01 CITY : GERMANTOWN STATE/ZIP : MD 20876 MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT : UNPAID BALANCE : 247,166.75 ANNUAL RATE ADJUST: MONTHLY P&I : 1,816.07 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 94.98500 ---------------------------------------------------------------- 0 0031166929 MORTGAGORS: MARCUS HAROLD MARCUS MELANIE REGION CODE ADDRESS : 41 GALE ROAD 01 CITY : SWAMPSCOTT STATE/ZIP : MA 01907 MORTGAGE AMOUNT : 386,800.00 OPTION TO CONVERT : UNPAID BALANCE : 385,954.77 ANNUAL RATE ADJUST: MONTHLY P&I : 2,737.75 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,928,250.00 P & I AMT: 13,849.66 UPB AMT: 1,925,044.76 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 30 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031167166 MORTGAGORS: BAKER MARY REGION CODE ADDRESS : 6394 JACKIE LYNN COURT 01 CITY : SARASOTA STATE/ZIP : FL 34241 MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT : UNPAID BALANCE : 323,501.56 ANNUAL RATE ADJUST: MONTHLY P&I : 2,349.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031167448 MORTGAGORS: CAMPBELL ROBERT CAMPBELL SANDRA REGION CODE ADDRESS : 3709 DOGWOOD CREEK COVE 01 CITY : AUSTIN STATE/ZIP : TX 78746 MORTGAGE AMOUNT : 400,050.00 OPTION TO CONVERT : UNPAID BALANCE : 399,392.26 ANNUAL RATE ADJUST: MONTHLY P&I : 2,661.54 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 77.59400 ---------------------------------------------------------------- 0 0031167596 MORTGAGORS: LANGE PAUL LANGE JEAN REGION CODE ADDRESS : 4588 SUNSHINE CANYON DR 01 CITY : BOULDER STATE/ZIP : CO 80302 MORTGAGE AMOUNT : 479,200.00 OPTION TO CONVERT : UNPAID BALANCE : 478,468.48 ANNUAL RATE ADJUST: MONTHLY P&I : 3,309.72 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 39.93300 ---------------------------------------------------------------- 0 0031167620 MORTGAGORS: NICHOLS JAMES NICHOLS CATHERINE REGION CODE ADDRESS : 4517 PEBBLE BEACH DRIVE 01 CITY : STOCKTON STATE/ZIP : CA 95219 MORTGAGE AMOUNT : 230,355.00 OPTION TO CONVERT : UNPAID BALANCE : 229,610.76 ANNUAL RATE ADJUST: MONTHLY P&I : 1,610.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031167877 MORTGAGORS: JOYCE JAMES JOYCE LINDA REGION CODE ADDRESS : 3419 WOODLAND HILLS LANE 01 CITY : ROANOKE STATE/ZIP : VA 24014 MORTGAGE AMOUNT : 243,500.00 OPTION TO CONVERT : UNPAID BALANCE : 242,954.47 ANNUAL RATE ADJUST: MONTHLY P&I : 1,702.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 74.92300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,677,105.00 P & I AMT: 11,633.76 UPB AMT: 1,673,927.53 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 31 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031168099 MORTGAGORS: WADE KEITH WADE VALERIE REGION CODE ADDRESS : 1954 JOSEPH DRIVE 01 CITY : MORAGA STATE/ZIP : CA 94556 MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT : UNPAID BALANCE : 598,324.58 ANNUAL RATE ADJUST: MONTHLY P&I : 4,454.98 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031168305 MORTGAGORS: HINES HARRY HINES LILLIAN REGION CODE ADDRESS : 636 WINTERBERRY BOULEVARD 01 CITY : JACKSON STATE/ZIP : NJ 08527 MORTGAGE AMOUNT : 146,000.00 OPTION TO CONVERT : UNPAID BALANCE : 146,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,045.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 250 LTV : 73.00000 ---------------------------------------------------------------- 0 0031168602 MORTGAGORS: MORGAN JOSEPH MORGAN COLLEEN REGION CODE ADDRESS : 4020 KINGSBURY PLACE 01 CITY : RIVERSIDE STATE/ZIP : CA 92503 MORTGAGE AMOUNT : 147,250.00 OPTION TO CONVERT : UNPAID BALANCE : 145,992.24 ANNUAL RATE ADJUST: MONTHLY P&I : 1,080.47 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031168842 MORTGAGORS: REICHENTHAL JASON REGION CODE ADDRESS : 2211 LYRIC AVENUE 01 CITY : LOS ANGELES STATE/ZIP : CA 90027 MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT : UNPAID BALANCE : 237,018.70 ANNUAL RATE ADJUST: MONTHLY P&I : 1,742.70 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031169261 MORTGAGORS: BLACKBURN CHARLES BLACKBURN DIANA REGION CODE ADDRESS : 9345 SANTA MARGARITA ROAD 01 CITY : ATASCADERO STATE/ZIP : CA 93422 MORTGAGE AMOUNT : 248,200.00 OPTION TO CONVERT : UNPAID BALANCE : 247,592.04 ANNUAL RATE ADJUST: MONTHLY P&I : 1,908.44 OUTSIDE CONV DATE : LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 8.50000 PRODUCT CODE : 002 LTV : 85.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,378,950.00 P & I AMT: 10,232.56 UPB AMT: 1,374,927.56 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 32 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031169543 MORTGAGORS: MOODY JOHN MOODY TINA REGION CODE ADDRESS : 12291 LIBELLE COURT 01 CITY : SAN DIEGO STATE/ZIP : CA 92131 MORTGAGE AMOUNT : 243,150.00 OPTION TO CONVERT : UNPAID BALANCE : 242,681.64 ANNUAL RATE ADJUST: MONTHLY P&I : 1,826.71 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 94.98418 ---------------------------------------------------------------- 0 0031169949 MORTGAGORS: CARUSO BENJAMIN CARUSO JENNIFER REGION CODE ADDRESS : 7 NEUCHATEL LANE 01 CITY : FAIRPORT STATE/ZIP : NY 14450 MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT : UNPAID BALANCE : 392,729.53 ANNUAL RATE ADJUST: MONTHLY P&I : 2,849.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 87.33300 ---------------------------------------------------------------- 0 0031170517 MORTGAGORS: SYKES RALPH SYKES JADE REGION CODE ADDRESS : 320 LONGVUE COURT 01 CITY : DULUTH STATE/ZIP : GA 30155 MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT : UNPAID BALANCE : 579,569.55 ANNUAL RATE ADJUST: MONTHLY P&I : 4,055.45 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 69.25300 ---------------------------------------------------------------- 0 0031170608 MORTGAGORS: SEAGER CHRISTOPHER REGION CODE ADDRESS : 509 CYPRESS GREEN CIRCLE 01 CITY : WELLINGTON STATE/ZIP : FL 33414 MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT : UNPAID BALANCE : 247,444.36 ANNUAL RATE ADJUST: MONTHLY P&I : 1,734.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 94.99000 ---------------------------------------------------------------- 0 0031170715 MORTGAGORS: BACCHUS IRZAUD BACCHUS ASHA REGION CODE ADDRESS : 47 CENTER DRIVE 01 CITY : NEW HYDE PARK STATE/ZIP : NY 11040 MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT : UNPAID BALANCE : 237,505.39 ANNUAL RATE ADJUST: MONTHLY P&I : 1,725.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 88.80500 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,702,150.00 P & I AMT: 12,191.42 UPB AMT: 1,699,930.47 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 33 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031170913 MORTGAGORS: LANE PETER LANE KAREN REGION CODE ADDRESS : 1 INDEPENDENCE CIRCLE 01 CITY : BEVERLY STATE/ZIP : MA 01915 MORTGAGE AMOUNT : 263,800.00 OPTION TO CONVERT : UNPAID BALANCE : 263,426.41 ANNUAL RATE ADJUST: MONTHLY P&I : 1,889.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 83.21700 ---------------------------------------------------------------- 0 0031171374 MORTGAGORS: BORDEN EDWARD BORDEN BARBARA REGION CODE ADDRESS : 14 HARBOR VIEW AVENUE 01 CITY : NORWALK STATE/ZIP : CT 06854 MORTGAGE AMOUNT : 257,000.00 OPTION TO CONVERT : UNPAID BALANCE : 256,809.27 ANNUAL RATE ADJUST: MONTHLY P&I : 1,796.98 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 64.25000 ---------------------------------------------------------------- 0 0031171960 MORTGAGORS: COPELAND WAYNE COPELAND KAREN REGION CODE ADDRESS : 1308 BROOKSIDE DRIVE 01 CITY : NORMAN STATE/ZIP : OK 73072 MORTGAGE AMOUNT : 498,000.00 OPTION TO CONVERT : UNPAID BALANCE : 497,674.23 ANNUAL RATE ADJUST: MONTHLY P&I : 3,697.64 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 74.32800 ---------------------------------------------------------------- 0 0031172000 MORTGAGORS: GUY MASHAAN GUY JACQUELINE REGION CODE ADDRESS : 14695 SW 33 COURT 01 CITY : MIRAMAR STATE/ZIP : FL 33027 MORTGAGE AMOUNT : 313,950.00 OPTION TO CONVERT : UNPAID BALANCE : 312,979.42 ANNUAL RATE ADJUST: MONTHLY P&I : 2,195.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 94.99500 ---------------------------------------------------------------- 0 0031172075 MORTGAGORS: GREENE MARK GREENE LINDA REGION CODE ADDRESS : 12504 BRIDLE LANE 01 CITY : CATHARPIN STATE/ZIP : VA 20143 MORTGAGE AMOUNT : 350,500.00 OPTION TO CONVERT : UNPAID BALANCE : 349,991.02 ANNUAL RATE ADJUST: MONTHLY P&I : 2,480.82 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 85.48700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,683,250.00 P & I AMT: 12,060.53 UPB AMT: 1,680,880.35 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 34 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031172109 MORTGAGORS: BARAGHIMIAN MARK BARAGHIMIAN ELLEN REGION CODE ADDRESS : 6260 MARQUIS COURT 01 CITY : OAKPARK STATE/ZIP : CA 91301 MORTGAGE AMOUNT : 424,400.00 OPTION TO CONVERT : UNPAID BALANCE : 423,768.09 ANNUAL RATE ADJUST: MONTHLY P&I : 2,967.47 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031172513 MORTGAGORS: LOFTHOUSE CHRISTOPHER LOFTHOUSE LYN REGION CODE ADDRESS : 3801 MICHILLINDA DRIVE 01 CITY : PASADENA AREA STATE/ZIP : CA 91107 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,575.15 ANNUAL RATE ADJUST: MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 93.75000 ---------------------------------------------------------------- 0 0031173057 MORTGAGORS: PRINCE GUILLERMO MEZA ALFONZO REGION CODE ADDRESS : 17865 ELM ROAD 01 CITY : MORGAN HILL STATE/ZIP : CA 95037 MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT : UNPAID BALANCE : 264,780.24 ANNUAL RATE ADJUST: MONTHLY P&I : 1,948.15 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031173586 MORTGAGORS: ALLEN LISA REGION CODE ADDRESS : 197 8TH STREET #526 01 CITY : CHARLESTOWN STATE/ZIP : MA 02129 MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT : UNPAID BALANCE : 238,661.53 ANNUAL RATE ADJUST: MONTHLY P&I : 1,712.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 69.27500 ---------------------------------------------------------------- 0 0031173644 MORTGAGORS: BARKER BRUCE COYNE-BARKER MARGARET REGION CODE ADDRESS : 26 TULIP TREE LANE 01 CITY : DARIEN STATE/ZIP : CT 06820 MORTGAGE AMOUNT : 546,000.00 OPTION TO CONVERT : UNPAID BALANCE : 545,604.83 ANNUAL RATE ADJUST: MONTHLY P&I : 3,864.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 61.34800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,774,900.00 P & I AMT: 12,641.64 UPB AMT: 1,772,389.84 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 35 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031173685 MORTGAGORS: HERSH ANITA REGION CODE ADDRESS : 1 FIFTH AVENUE # 19G 01 CITY : NEW YORK STATE/ZIP : NY 10003 MORTGAGE AMOUNT : 541,125.00 OPTION TO CONVERT : UNPAID BALANCE : 541,125.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,645.66 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 65.00000 ---------------------------------------------------------------- 0 0031174121 MORTGAGORS: MARINIELLO ANTHONY MARINIELLO DEBRA REGION CODE ADDRESS : 9 DODGE ROAD 01 CITY : ROWLEY STATE/ZIP : MA 01969 MORTGAGE AMOUNT : 197,770.00 OPTION TO CONVERT : UNPAID BALANCE : 197,615.71 ANNUAL RATE ADJUST: MONTHLY P&I : 1,349.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99700 ---------------------------------------------------------------- 0 0031174170 MORTGAGORS: FRIEL DANIEL FRIEL KAREN REGION CODE ADDRESS : 26 GREEN MEADOW LANE 01 CITY : HUNTINGTON STATE/ZIP : NY 11743 MORTGAGE AMOUNT : 352,800.00 OPTION TO CONVERT : UNPAID BALANCE : 352,247.90 ANNUAL RATE ADJUST: MONTHLY P&I : 2,406.72 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031174550 MORTGAGORS: HOPSON DAVID HOPSON SHERI REGION CODE ADDRESS : 309 KIRKWOOD DRIVE 01 CITY : DOTHAN STATE/ZIP : AL 36303 MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT : UNPAID BALANCE : 219,531.15 ANNUAL RATE ADJUST: MONTHLY P&I : 1,576.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 89.79500 ---------------------------------------------------------------- 0 0031174683 MORTGAGORS: HARRIS MICHAEL HARRIS PAULA REGION CODE ADDRESS : 811 SENTINEL COURT 01 CITY : SANTA ROSA STATE/ZIP : CA 95409 MORTGAGE AMOUNT : 356,500.00 OPTION TO CONVERT : UNPAID BALANCE : 355,795.62 ANNUAL RATE ADJUST: MONTHLY P&I : 2,647.01 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 73.50500 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,668,195.00 P & I AMT: 11,624.65 UPB AMT: 1,666,315.38 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 36 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031175193 MORTGAGORS: LAMBECK JON LAMBECK DEBRA REGION CODE ADDRESS : 14954 VALLEY VISTA BLVD 01 CITY : SHERMAN OAKS STATE/ZIP : CA 91403 MORTGAGE AMOUNT : 366,400.00 OPTION TO CONVERT : UNPAID BALANCE : 365,676.09 ANNUAL RATE ADJUST: MONTHLY P&I : 2,720.51 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 73.28000 ---------------------------------------------------------------- 0 0031175813 MORTGAGORS: GRUVER WAYNE GRUVER STACY REGION CODE ADDRESS : 838 SAN NICOLAS CIRCLE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92648 MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT : UNPAID BALANCE : 308,165.79 ANNUAL RATE ADJUST: MONTHLY P&I : 2,321.41 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 71.03400 ---------------------------------------------------------------- 0 0031176985 MORTGAGORS: SAGHIAN YOSEPH REGION CODE ADDRESS : 229 SOUTH RODEO DRIVE 01 CITY : BEVERLY HILLS STATE/ZIP : CA 90212 MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT : UNPAID BALANCE : 649,007.76 ANNUAL RATE ADJUST: MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 250 LTV : 71.42800 ---------------------------------------------------------------- 0 0031177405 MORTGAGORS: KATZ RANDIE CRYER LAWRENCE REGION CODE ADDRESS : 60 W. HAVILAND LANE 01 CITY : STAMFORD STATE/ZIP : CT 06903 MORTGAGE AMOUNT : 308,750.00 OPTION TO CONVERT : UNPAID BALANCE : 308,383.70 ANNUAL RATE ADJUST: MONTHLY P&I : 2,231.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/23 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 72.64700 ---------------------------------------------------------------- 0 0031177488 MORTGAGORS: HYSEN KURT HYSEN DEBORAH REGION CODE ADDRESS : 5607 VIA AVION 01 CITY : LOOMIS STATE/ZIP : CA 95650 MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT : UNPAID BALANCE : 458,752.99 ANNUAL RATE ADJUST: MONTHLY P&I : 3,375.32 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 61.33300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,094,150.00 P & I AMT: 15,138.30 UPB AMT: 2,089,986.33 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 37 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031177686 MORTGAGORS: BLUM LAWRENCE BLUM PAULA REGION CODE ADDRESS : 8032 EAST ROPER STREET 01 CITY : LONG BEACH STATE/ZIP : CA 90808 MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT : UNPAID BALANCE : 328,599.96 ANNUAL RATE ADJUST: MONTHLY P&I : 2,529.73 OUTSIDE CONV DATE : LIFETIME RATE : 8.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.50000 PRODUCT CODE : 002 LTV : 82.25000 ---------------------------------------------------------------- 0 0031178395 MORTGAGORS: ROSSI THOMAS ROSSI CHERYL REGION CODE ADDRESS : 9781 SOUTH CRESTVIEW CIRCLE 01 CITY : VILLA PARK STATE/ZIP : CA 92861 MORTGAGE AMOUNT : 490,600.00 OPTION TO CONVERT : UNPAID BALANCE : 489,605.85 ANNUAL RATE ADJUST: MONTHLY P&I : 3,599.85 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 64.55200 ---------------------------------------------------------------- 0 0031179419 MORTGAGORS: SAUER MARVIN SAUER JUDITH REGION CODE ADDRESS : 3125 EAST LARKSTONE DR. 01 CITY : ORANGE STATE/ZIP : CA 92869 MORTGAGE AMOUNT : 280,250.00 OPTION TO CONVERT : UNPAID BALANCE : 280,047.17 ANNUAL RATE ADJUST: MONTHLY P&I : 1,983.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031179807 MORTGAGORS: DAVIS JAMES DAVIS DEBORAH REGION CODE ADDRESS : 9 CAMARGO CANYON 01 CITY : CINCINNATI STATE/ZIP : OH 45243 MORTGAGE AMOUNT : 394,400.00 OPTION TO CONVERT : UNPAID BALANCE : 394,099.90 ANNUAL RATE ADJUST: MONTHLY P&I : 2,724.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 73.71900 ---------------------------------------------------------------- 0 0031179906 MORTGAGORS: SANCHEZ ANTONIO SANCHEZ SOFIA REGION CODE ADDRESS : 23 SNOWBERRY LANE 01 CITY : WILTON STATE/ZIP : CT 06897 MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT : UNPAID BALANCE : 319,486.68 ANNUAL RATE ADJUST: MONTHLY P&I : 2,155.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 74.76600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,814,250.00 P & I AMT: 12,993.09 UPB AMT: 1,811,839.56 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 38 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031179930 MORTGAGORS: YOHANNAN KRISTIN YOHANNAN DAVID REGION CODE ADDRESS : 7623 ADMIRAL DRIVE 01 CITY : ALEXANDRIA STATE/ZIP : VA 22308 MORTGAGE AMOUNT : 361,600.00 OPTION TO CONVERT : UNPAID BALANCE : 361,331.64 ANNUAL RATE ADJUST: MONTHLY P&I : 2,528.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031180037 MORTGAGORS: COLUCCI MICHAEL COLUCCI KATHLEEN REGION CODE ADDRESS : 18 JUDITH ANN COURT 01 CITY : MAHWAH STATE/ZIP : NJ 07430 MORTGAGE AMOUNT : 252,800.00 OPTION TO CONVERT : UNPAID BALANCE : 252,612.39 ANNUAL RATE ADJUST: MONTHLY P&I : 1,767.61 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031180102 MORTGAGORS: TEBBS WILLIAM TEBBS ROSALIE REGION CODE ADDRESS : 2 GEORGIAN COURT 01 CITY : BASKING RIDGE STATE/ZIP : NJ 07920 MORTGAGE AMOUNT : 260,650.00 OPTION TO CONVERT : UNPAID BALANCE : 260,456.55 ANNUAL RATE ADJUST: MONTHLY P&I : 1,822.51 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 94.03500 ---------------------------------------------------------------- 0 0031180193 MORTGAGORS: NGUYEN VAN DUONG KHANH REGION CODE ADDRESS : 1219 PANOCHE AVENUE 01 CITY : SAN JOSE STATE/ZIP : CA 95122 MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT : UNPAID BALANCE : 256,163.28 ANNUAL RATE ADJUST: MONTHLY P&I : 1,904.51 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031180359 MORTGAGORS: HIGGINS MICHAEL BELLOWS VICTORIA REGION CODE ADDRESS : 21449 ESTATE PLACE 01 CITY : ASHBURN STATE/ZIP : VA 20147 MORTGAGE AMOUNT : 304,850.00 OPTION TO CONVERT : UNPAID BALANCE : 304,149.80 ANNUAL RATE ADJUST: MONTHLY P&I : 2,105.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.98900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,436,400.00 P & I AMT: 10,128.52 UPB AMT: 1,434,713.66 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 39 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031180938 MORTGAGORS: KORMAN JONATHAN KORMAN MICHELLE REGION CODE ADDRESS : 10911 LAMPLIGHTER LANE 01 CITY : POTOMAC STATE/ZIP : MD 20854 MORTGAGE AMOUNT : 426,600.00 OPTION TO CONVERT : UNPAID BALANCE : 426,258.86 ANNUAL RATE ADJUST: MONTHLY P&I : 2,874.08 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 79.99200 ---------------------------------------------------------------- 0 0031181316 MORTGAGORS: SCHLENZIG ROBERT SCHLENZIG MARION REGION CODE ADDRESS : 1042 ENCINO ROW 01 CITY : CORONADO STATE/ZIP : CA 92118 MORTGAGE AMOUNT : 285,500.00 OPTION TO CONVERT : UNPAID BALANCE : 273,730.13 ANNUAL RATE ADJUST: MONTHLY P&I : 1,947.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 05/01/24 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 69.63400 ---------------------------------------------------------------- 0 0031181423 MORTGAGORS: WACH RAYMOND WACH KATHLEEN REGION CODE ADDRESS : 3810 GARFIELD STREET NW 01 CITY : WASHINGTON STATE/ZIP : DC 20007 MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,267.44 ANNUAL RATE ADJUST: MONTHLY P&I : 1,896.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 04/01/26 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 67.85714 ---------------------------------------------------------------- 0 0031182165 MORTGAGORS: CHERRY JAMES CHERRY DAWN REGION CODE ADDRESS : RR # 1 BOX 184A 01 CITY : GIRARD STATE/ZIP : IL 62640 MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT : UNPAID BALANCE : 341,752.48 ANNUAL RATE ADJUST: MONTHLY P&I : 2,420.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.53400 ---------------------------------------------------------------- 0 0031182264 MORTGAGORS: DA COSTA ERNEST DA COSTA ESTHER REGION CODE ADDRESS : 11 HENDRIE AVENUE 01 CITY : GREENWICH STATE/ZIP : CT 06878 MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT : UNPAID BALANCE : 499,217.55 ANNUAL RATE ADJUST: MONTHLY P&I : 3,410.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 62.50000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,839,100.00 P & I AMT: 12,549.35 UPB AMT: 1,820,226.46 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 40 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031182439 MORTGAGORS: DANCKERT MARK DANCKERT LAURA REGION CODE ADDRESS : 5782 SAN JUAN WAY 01 CITY : PLEASANTON STATE/ZIP : CA 94566 MORTGAGE AMOUNT : 221,600.00 OPTION TO CONVERT : UNPAID BALANCE : 221,278.20 ANNUAL RATE ADJUST: MONTHLY P&I : 1,568.47 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031182652 MORTGAGORS: JARMAN DEAN JARMAN AMY REGION CODE ADDRESS : 2449 EAST COBBLESTONE WAY 01 CITY : SANDY STATE/ZIP : UT 84093 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST: MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 77.39900 ---------------------------------------------------------------- 0 0031182801 MORTGAGORS: HEINLEIN JAMES HEINLEIN CATHY REGION CODE ADDRESS : 69 N IROQUOIS LANE 01 CITY : CHESTER SPRINGS STATE/ZIP : PA 19425 MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT : UNPAID BALANCE : 274,558.86 ANNUAL RATE ADJUST: MONTHLY P&I : 1,852.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 73.33300 ---------------------------------------------------------------- 0 0031183205 MORTGAGORS: SCHUIBBEO ERIC SCHUIBBEO DONNA REGION CODE ADDRESS : 111 QUAIL LANE 01 CITY : KENNETT SQUARE STATE/ZIP : PA 19348 MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT : UNPAID BALANCE : 232,813.68 ANNUAL RATE ADJUST: MONTHLY P&I : 1,569.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 89.61500 ---------------------------------------------------------------- 0 0031183213 MORTGAGORS: PARK ALEXANDER PARK TRACIE REGION CODE ADDRESS : 82 CROSS CREEK PLACE 01 CITY : LARKSPUR STATE/ZIP : CA 94939 MORTGAGE AMOUNT : 432,893.00 OPTION TO CONVERT : UNPAID BALANCE : 432,279.96 ANNUAL RATE ADJUST: MONTHLY P&I : 3,101.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,412,493.00 P & I AMT: 9,840.30 UPB AMT: 1,410,745.16 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 41 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031183239 MORTGAGORS: MACHAC FRANK MACHAC MICHELLE REGION CODE ADDRESS : 9693 PEREGRIN PLACE 01 CITY : SCOTTSDALE STATE/ZIP : AZ 85262 MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT : UNPAID BALANCE : 349,504.36 ANNUAL RATE ADJUST: MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 59.82900 ---------------------------------------------------------------- 0 0031183551 MORTGAGORS: ALLEN KENNETH ALLEN PHYLLIS REGION CODE ADDRESS : 7277 VALLEY VIEW COURT 01 CITY : PLEASANTON STATE/ZIP : CA 94588 MORTGAGE AMOUNT : 223,250.00 OPTION TO CONVERT : UNPAID BALANCE : 222,762.17 ANNUAL RATE ADJUST: MONTHLY P&I : 1,580.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031183585 MORTGAGORS: HILLMAN DEREK REGION CODE ADDRESS : 5 ANTIGUA 01 CITY : DANA POINT STATE/ZIP : CA 92629 MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT : UNPAID BALANCE : 231,687.64 ANNUAL RATE ADJUST: MONTHLY P&I : 1,702.33 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031183742 MORTGAGORS: GUERRIERI NICHOLAS GUERRIERI DONNA REGION CODE ADDRESS : 36 ROOSEVELT STREET 01 CITY : ROSELAND STATE/ZIP : NJ 07068 MORTGAGE AMOUNT : 255,900.00 OPTION TO CONVERT : UNPAID BALANCE : 255,206.26 ANNUAL RATE ADJUST: MONTHLY P&I : 1,877.71 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 79.99300 ---------------------------------------------------------------- 0 0031183890 MORTGAGORS: ANDROS JOHN ANDROS ELIZABETH REGION CODE ADDRESS : ONE TOMAHAWK LANE 01 CITY : WESTPORT STATE/ZIP : CT 06880 MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT : UNPAID BALANCE : 235,833.43 ANNUAL RATE ADJUST: MONTHLY P&I : 1,690.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,297,150.00 P & I AMT: 9,358.37 UPB AMT: 1,294,993.86 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 42 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031183940 MORTGAGORS: DESHAZER MACARTHUR DESHAZER JANICE REGION CODE ADDRESS : 4011 PEREGRINE RIDGE CT 01 CITY : WOODBRIDGE STATE/ZIP : VA 22192 MORTGAGE AMOUNT : 260,300.00 OPTION TO CONVERT : UNPAID BALANCE : 259,892.67 ANNUAL RATE ADJUST: MONTHLY P&I : 1,775.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.97200 ---------------------------------------------------------------- 0 0031185119 MORTGAGORS: PETERSON BRENDA REGION CODE ADDRESS : 8769 ROGERS ROAD 01 CITY : LONGMONT STATE/ZIP : CO 80503 MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT : UNPAID BALANCE : 331,765.68 ANNUAL RATE ADJUST: MONTHLY P&I : 2,378.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031185861 MORTGAGORS: ZUPKUS MICHAEL ZUPKUS DIANA REGION CODE ADDRESS : 14330 W. ANDOVER ROAD 01 CITY : WADSWORTH STATE/ZIP : IL 60083 MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT : UNPAID BALANCE : 252,124.04 ANNUAL RATE ADJUST: MONTHLY P&I : 1,765.52 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 74.26400 ---------------------------------------------------------------- 0 0031186117 MORTGAGORS: CASTRO ISMAEL GASTELUM LISA REGION CODE ADDRESS : 27506 WOODFIELD PLACE 01 CITY : VALENCIA STATE/ZIP : CA 91354 MORTGAGE AMOUNT : 252,100.00 OPTION TO CONVERT : UNPAID BALANCE : 251,751.88 ANNUAL RATE ADJUST: MONTHLY P&I : 1,827.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 94.97700 ---------------------------------------------------------------- 0 0031186141 MORTGAGORS: CAFFERY WILLIAM CAFFERY COLLEEN REGION CODE ADDRESS : 4 PRITCHARD LANE 01 CITY : WESTPORT STATE/ZIP : CT 06880 MORTGAGE AMOUNT : 483,750.00 OPTION TO CONVERT : UNPAID BALANCE : 483,399.87 ANNUAL RATE ADJUST: MONTHLY P&I : 3,423.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 250 LTV : 75.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,580,650.00 P & I AMT: 11,171.57 UPB AMT: 1,578,934.14 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 43 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031186174 MORTGAGORS: DODDS DALE DODDS PHYLLIS REGION CODE ADDRESS : 3403 EAST CALIFORNIA BOULEVARD 01 CITY : PASADENA STATE/ZIP : CA 91107 MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT : UNPAID BALANCE : 474,360.43 ANNUAL RATE ADJUST: MONTHLY P&I : 3,485.39 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 74.92100 ---------------------------------------------------------------- 0 0031186208 MORTGAGORS: RITCHEY RONALD RITCHEY SHARON REGION CODE ADDRESS : 5319 POPLAR VALLEY COURT 01 CITY : CENTREVILLE STATE/ZIP : VA 20120 MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT : UNPAID BALANCE : 286,750.54 ANNUAL RATE ADJUST: MONTHLY P&I : 1,959.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99700 ---------------------------------------------------------------- 0 0031186315 MORTGAGORS: GRABER KENNETH GRABER JANET REGION CODE ADDRESS : 8925 DAY LILY COURT 01 CITY : FAIRFAX STATE/ZIP : VA 22031 MORTGAGE AMOUNT : 272,950.00 OPTION TO CONVERT : UNPAID BALANCE : 272,731.72 ANNUAL RATE ADJUST: MONTHLY P&I : 1,838.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 79.99300 ---------------------------------------------------------------- 0 0031186562 MORTGAGORS: KAVANAUGH SEAN KAVANAUGH KRISTIN REGION CODE ADDRESS : 8006 CROYDON AVENUE 01 CITY : LOS ANGELES STATE/ZIP : CA 90045 MORTGAGE AMOUNT : 224,000.00 OPTION TO CONVERT : UNPAID BALANCE : 223,674.71 ANNUAL RATE ADJUST: MONTHLY P&I : 1,585.46 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031187032 MORTGAGORS: KRAUSS JAMES KRAUSS MIKAL REGION CODE ADDRESS : 551 LOCUST POINT ROAD 01 CITY : MIDDLETOWN STATE/ZIP : NJ 07760 MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT : UNPAID BALANCE : 355,729.12 ANNUAL RATE ADJUST: MONTHLY P&I : 2,458.80 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,615,150.00 P & I AMT: 11,327.79 UPB AMT: 1,613,246.52 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 44 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031187362 MORTGAGORS: KEELEY BRIAN KEELEY ARLENE REGION CODE ADDRESS : 3250 EUROPA STREET 01 CITY : ROSEVILLE STATE/ZIP : CA 95661 MORTGAGE AMOUNT : 163,150.00 OPTION TO CONVERT : UNPAID BALANCE : 163,028.92 ANNUAL RATE ADJUST: MONTHLY P&I : 1,140.77 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 250 LTV : 79.97941 ---------------------------------------------------------------- 0 0031187560 MORTGAGORS: CHIA SANDRO REGION CODE ADDRESS : 21 INDIAN WELLS HWY. 01 CITY : AMAGANSETT STATE/ZIP : NY 11930 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,447.63 ANNUAL RATE ADJUST: MONTHLY P&I : 2,900.28 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 49.68900 ---------------------------------------------------------------- 0 0031187735 MORTGAGORS: LARKIN JEFFREY LARKIN CHRISTY REGION CODE ADDRESS : 16401 UPBROOK COURT 01 CITY : ROCKVILLE STATE/ZIP : MD 20853 MORTGAGE AMOUNT : 364,800.00 OPTION TO CONVERT : UNPAID BALANCE : 364,515.42 ANNUAL RATE ADJUST: MONTHLY P&I : 2,488.58 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99000 ---------------------------------------------------------------- 0 0031187834 MORTGAGORS: CHUNG MICHAEL REGION CODE ADDRESS : 2 TAYLOR COURT 01 CITY : RINGOES STATE/ZIP : NJ 08551 MORTGAGE AMOUNT : 263,800.00 OPTION TO CONVERT : UNPAID BALANCE : 263,613.81 ANNUAL RATE ADJUST: MONTHLY P&I : 1,889.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 250 LTV : 79.00800 ---------------------------------------------------------------- 0 0031188113 MORTGAGORS: GRANDY RICHARD GRANDY AUDREY REGION CODE ADDRESS : 14 BAYVIEW 01 CITY : IRVINE STATE/ZIP : CA 92614 MORTGAGE AMOUNT : 347,000.00 OPTION TO CONVERT : UNPAID BALANCE : 346,567.13 ANNUAL RATE ADJUST: MONTHLY P&I : 2,637.45 OUTSIDE CONV DATE : LIFETIME RATE : 8.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.37500 PRODUCT CODE : 002 LTV : 78.86300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,538,750.00 P & I AMT: 11,056.98 UPB AMT: 1,537,172.91 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 45 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031188154 MORTGAGORS: DUPEE JOSEPH DUPEE JULIE REGION CODE ADDRESS : 28158 ANGELIA PLACE 01 CITY : VALENCIA STATE/ZIP : CA 91354 MORTGAGE AMOUNT : 232,550.00 OPTION TO CONVERT : UNPAID BALANCE : 232,203.74 ANNUAL RATE ADJUST: MONTHLY P&I : 1,626.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99400 ---------------------------------------------------------------- 0 0031189160 MORTGAGORS: MYERS ROBERT MYERS LYNN REGION CODE ADDRESS : 1204 FOREST HILLS DRIVE 01 CITY : SOUTHLAKE STATE/ZIP : TX 76092 MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT : UNPAID BALANCE : 257,235.20 ANNUAL RATE ADJUST: MONTHLY P&I : 1,845.48 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031189244 MORTGAGORS: MALDONADO NEISA REGION CODE ADDRESS : 170 BOULEVARD 01 CITY : MOUNTAIN LAKES STATE/ZIP : NJ 07046 MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT : UNPAID BALANCE : 359,739.44 ANNUAL RATE ADJUST: MONTHLY P&I : 2,548.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031189285 MORTGAGORS: HENTZ GLENN HENTZ LORI REGION CODE ADDRESS : 43373 DEEPSPRING COURT 01 CITY : ASHBURN STATE/ZIP : VA 20147 MORTGAGE AMOUNT : 254,660.00 OPTION TO CONVERT : UNPAID BALANCE : 254,456.34 ANNUAL RATE ADJUST: MONTHLY P&I : 1,715.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031189368 MORTGAGORS: ANDREWS DENNIS ANDREWS EMMA REGION CODE ADDRESS : 222 BRUSHY HILL ROAD 01 CITY : NEWTOWN STATE/ZIP : CT 06470 MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT : UNPAID BALANCE : 260,591.57 ANNUAL RATE ADJUST: MONTHLY P&I : 1,780.48 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,365,810.00 P & I AMT: 9,515.75 UPB AMT: 1,364,226.29 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 46 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031189541 MORTGAGORS: BRANHAM KENNETH REGION CODE ADDRESS : 5312 COPPERPENNY COURT 01 CITY : CHESTERFIELD STATE/ZIP : VA 23832 MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT : UNPAID BALANCE : 293,516.61 ANNUAL RATE ADJUST: MONTHLY P&I : 1,955.99 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 79.94500 ---------------------------------------------------------------- 0 0031189566 MORTGAGORS: STELLATO JOHN STELLATO VICTORIA REGION CODE ADDRESS : 41 JULE DRIVE 01 CITY : CHESAPEAKE STATE/ZIP : VA 23322 MORTGAGE AMOUNT : 250,400.00 OPTION TO CONVERT : UNPAID BALANCE : 250,204.66 ANNUAL RATE ADJUST: MONTHLY P&I : 1,708.17 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031189939 MORTGAGORS: MCCORMICK PATRICK MCCORMICK NELLY REGION CODE ADDRESS : 1738 INDIAN LANE 01 CITY : PRESCOTT STATE/ZIP : AZ 86305 MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT : UNPAID BALANCE : 255,426.46 ANNUAL RATE ADJUST: MONTHLY P&I : 1,789.99 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031190556 MORTGAGORS: MCKELLOGG R. MONTOYA EDELMIRA REGION CODE ADDRESS : 636 SERRANO LANE 01 CITY : CHULA VISTA STATE/ZIP : CA 91910 MORTGAGE AMOUNT : 258,350.00 OPTION TO CONVERT : UNPAID BALANCE : 257,974.83 ANNUAL RATE ADJUST: MONTHLY P&I : 1,828.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 94.98500 ---------------------------------------------------------------- 0 0031190713 MORTGAGORS: NOBLE REGINA NOBLE WILLIAM REGION CODE ADDRESS : 41790 CONKLIN 01 CITY : LEESBURG STATE/ZIP : VA 20176 MORTGAGE AMOUNT : 228,800.00 OPTION TO CONVERT : UNPAID BALANCE : 228,475.99 ANNUAL RATE ADJUST: MONTHLY P&I : 1,639.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,287,550.00 P & I AMT: 8,921.89 UPB AMT: 1,285,598.55 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 47 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031191372 MORTGAGORS: GRANADOS LUIS GRANADOS PATRICIA REGION CODE ADDRESS : 150 11TH STREET SE 01 CITY : WASHINGTON STATE/ZIP : DC 20003 MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT : UNPAID BALANCE : 286,793.27 ANNUAL RATE ADJUST: MONTHLY P&I : 2,057.54 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031192081 MORTGAGORS: KICKLIGHTER ANDY KICKLIGHTER MARIAN REGION CODE ADDRESS : 2961 SERIANA WAY 01 CITY : UNION CITY STATE/ZIP : CA 94587 MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT : UNPAID BALANCE : 267,815.56 ANNUAL RATE ADJUST: MONTHLY P&I : 1,943.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 79.05600 ---------------------------------------------------------------- 0 0031192388 MORTGAGORS: RUBI MARY REGION CODE ADDRESS : 27 WEDGEWOOD AVENUE 01 CITY : WOODBRIDGE STATE/ZIP : NJ 07095 MORTGAGE AMOUNT : 92,650.00 OPTION TO CONVERT : UNPAID BALANCE : 92,650.00 ANNUAL RATE ADJUST: MONTHLY P&I : 687.93 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 250 LTV : 85.00000 ---------------------------------------------------------------- 0 0031193097 MORTGAGORS: BANAS RONALD BANAS SUSAN REGION CODE ADDRESS : 11 PATRIOT DRIVE 01 CITY : ROBBINSVILLE STATE/ZIP : NJ 08691 MORTGAGE AMOUNT : 258,050.00 OPTION TO CONVERT : UNPAID BALANCE : 257,401.66 ANNUAL RATE ADJUST: MONTHLY P&I : 1,961.37 OUTSIDE CONV DATE : LIFETIME RATE : 8.37500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 8.37500 PRODUCT CODE : 002 LTV : 79.99200 ---------------------------------------------------------------- 0 0031193873 MORTGAGORS: RESMINI MANINA RESMINI EROS REGION CODE ADDRESS : 2643 MARSHALL DRIVE 01 CITY : PALO ALTO STATE/ZIP : CA 94303 MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT : UNPAID BALANCE : 413,442.57 ANNUAL RATE ADJUST: MONTHLY P&I : 3,037.79 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 60.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,319,900.00 P & I AMT: 9,687.82 UPB AMT: 1,318,103.06 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 48 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031193980 MORTGAGORS: FRY DOUGLAS FRY CINDY REGION CODE ADDRESS : 17928 CATKIN LANE 01 CITY : SUNRIVER STATE/ZIP : OR 97707 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST: MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 87.97600 ---------------------------------------------------------------- 0 0031194137 MORTGAGORS: CHARLTON REX CHARLTON REGINA REGION CODE ADDRESS : 35914 NORTH 11TH AVENUE 01 CITY : PHOENIX STATE/ZIP : AZ 85027 MORTGAGE AMOUNT : 126,500.00 OPTION TO CONVERT : UNPAID BALANCE : 126,403.75 ANNUAL RATE ADJUST: MONTHLY P&I : 873.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 92.00000 ---------------------------------------------------------------- 0 0031194780 MORTGAGORS: EDDY DAVID EDDY KRISTIN REGION CODE ADDRESS : 14025 ROSE LODGE PLACE 01 CITY : CHANTILLY STATE/ZIP : VA 20151 MORTGAGE AMOUNT : 254,150.00 OPTION TO CONVERT : UNPAID BALANCE : 253,856.56 ANNUAL RATE ADJUST: MONTHLY P&I : 1,755.35 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.98600 ---------------------------------------------------------------- 0 0031195282 MORTGAGORS: SILVA MICHAEL SILVA DONNA REGION CODE ADDRESS : 524 VIA SINUOSA 01 CITY : SANTA BARBARA STATE/ZIP : CA 93110 MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT : UNPAID BALANCE : 599,150.32 ANNUAL RATE ADJUST: MONTHLY P&I : 4,298.47 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 66.66600 ---------------------------------------------------------------- 0 0031195738 MORTGAGORS: MILTENBERGER LEWIS MILTENBERGER MARY REGION CODE ADDRESS : 1506 NEW CASTLE ROAD 01 CITY : SOUTHLAKE STATE/ZIP : TX 76092 MORTGAGE AMOUNT : 367,800.00 OPTION TO CONVERT : UNPAID BALANCE : 367,265.89 ANNUAL RATE ADJUST: MONTHLY P&I : 2,603.27 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 250 LTV : 79.99900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,648,450.00 P & I AMT: 11,628.43 UPB AMT: 1,646,453.88 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 49 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031196488 MORTGAGORS: GOKLANI RAMESH GOKLANI KUSUM REGION CODE ADDRESS : 77 PARK AVENUE, UNIT 2A 01 CITY : NEW YORK STATE/ZIP : NY 10016 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,826.29 ANNUAL RATE ADJUST: MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031196504 MORTGAGORS: BELINSKY LAURENCE BELINSKY LISA REGION CODE ADDRESS : 26 SUMMIT DRIVE 01 CITY : MANHASSET STATE/ZIP : NY 11030 MORTGAGE AMOUNT : 515,200.00 OPTION TO CONVERT : UNPAID BALANCE : 514,488.55 ANNUAL RATE ADJUST: MONTHLY P&I : 3,735.56 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031196553 MORTGAGORS: DOWD THOMAS DOWD CAROLE REGION CODE ADDRESS : 107 FOX LEDGE ROAD 01 CITY : KINNELON STATE/ZIP : NJ 07405 MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT : UNPAID BALANCE : 272,292.65 ANNUAL RATE ADJUST: MONTHLY P&I : 1,882.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 69.51500 ---------------------------------------------------------------- 0 0031196710 MORTGAGORS: KAUFMAN JEFFREY KAUFMAN RHONDA REGION CODE ADDRESS : 13904 WILLOW TREE DRIVE 01 CITY : ROCKVILLE STATE/ZIP : MD 20850 MORTGAGE AMOUNT : 351,450.00 OPTION TO CONVERT : UNPAID BALANCE : 350,900.01 ANNUAL RATE ADJUST: MONTHLY P&I : 2,397.51 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.51300 ---------------------------------------------------------------- 0 0031196843 MORTGAGORS: SUBRAMANIAN VISWANATHAN SUBRAMANIAN ARUNA REGION CODE ADDRESS : 61 ATHERTON COURT 01 CITY : WAYNE STATE/ZIP : NJ 07470 MORTGAGE AMOUNT : 335,700.00 OPTION TO CONVERT : UNPAID BALANCE : 335,236.43 ANNUAL RATE ADJUST: MONTHLY P&I : 2,434.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,714,850.00 P & I AMT: 12,147.93 UPB AMT: 1,712,743.93 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 50 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031197312 MORTGAGORS: MAY CINDY MAY STEPHEN REGION CODE ADDRESS : 9304 SILVERCREEK COURT 01 CITY : FAIRFAX STATION STATE/ZIP : VA 22039 MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT : UNPAID BALANCE : 335,737.88 ANNUAL RATE ADJUST: MONTHLY P&I : 2,292.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031197676 MORTGAGORS: DALFORNO VICTOR DALFORNO CAROLYN REGION CODE ADDRESS : 3500 BEDFORD CIRCLE 01 CITY : CARLSBAD STATE/ZIP : CA 92008 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,603.47 ANNUAL RATE ADJUST: MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- 0 0031197841 MORTGAGORS: CLARK GREGORY CLARK BRIDGET REGION CODE ADDRESS : 2529 GEIBERGER DRIVE 01 CITY : PLANO STATE/ZIP : TX 75025 MORTGAGE AMOUNT : 250,900.00 OPTION TO CONVERT : UNPAID BALANCE : 250,526.43 ANNUAL RATE ADJUST: MONTHLY P&I : 1,754.33 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 94.98800 ---------------------------------------------------------------- 0 0031197882 MORTGAGORS: WELLS JOHN WELLS CANDACE REGION CODE ADDRESS : 24513 PEACHLAND AVENUE 01 CITY : SANTA CLARITA STATE/ZIP : CA 91321 MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT : UNPAID BALANCE : 444,337.42 ANNUAL RATE ADJUST: MONTHLY P&I : 3,111.51 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.46400 ---------------------------------------------------------------- 0 0031198070 MORTGAGORS: GOODWIN LOIS REGION CODE ADDRESS : 5031 NOLDA STREET 01 CITY : HOUSTON STATE/ZIP : TX 77007 MORTGAGE AMOUNT : 131,500.00 OPTION TO CONVERT : UNPAID BALANCE : 131,304.21 ANNUAL RATE ADJUST: MONTHLY P&I : 919.47 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 66.92100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,443,400.00 P & I AMT: 10,083.39 UPB AMT: 1,441,509.41 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 51 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031198153 MORTGAGORS: MATTHIAS DAN MATTHIAS REBECCA REGION CODE ADDRESS : 6238 ROSS ROAD 01 CITY : HONEY BROOK STATE/ZIP : PA 19344 MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT : UNPAID BALANCE : 269,814.19 ANNUAL RATE ADJUST: MONTHLY P&I : 1,957.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 65.85300 ---------------------------------------------------------------- 0 0031198310 MORTGAGORS: WRIGHT BRIAN REGION CODE ADDRESS : 3559 CURLEW STREET 01 CITY : SAN DIEGO STATE/ZIP : CA 92103 MORTGAGE AMOUNT : 322,700.00 OPTION TO CONVERT : UNPAID BALANCE : 321,993.12 ANNUAL RATE ADJUST: MONTHLY P&I : 2,311.86 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 89.88800 ---------------------------------------------------------------- 0 0031198575 MORTGAGORS: WATERS VICTOR WATERS MARY REGION CODE ADDRESS : 2207 N. HARRISON STREET 01 CITY : ARLINGTON STATE/ZIP : VA 22205 MORTGAGE AMOUNT : 256,300.00 OPTION TO CONVERT : UNPAID BALANCE : 256,119.11 ANNUAL RATE ADJUST: MONTHLY P&I : 1,836.16 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 70.41200 ---------------------------------------------------------------- 0 0031198583 MORTGAGORS: ULRICH ROBERT ULRICH MARILYN REGION CODE ADDRESS : 5050 CANYON CREST DRIVE 01 CITY : SAN RAMON STATE/ZIP : CA 94583 MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT : UNPAID BALANCE : 347,494.66 ANNUAL RATE ADJUST: MONTHLY P&I : 2,463.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031199110 MORTGAGORS: RUMSEY THOMAS RUMSEY YVONNE REGION CODE ADDRESS : 171 PANORAMA DRIVE 01 CITY : BENICIA STATE/ZIP : CA 94510 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 259,816.50 ANNUAL RATE ADJUST: MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 250 LTV : 78.78700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,457,000.00 P & I AMT: 10,431.50 UPB AMT: 1,455,237.58 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 52 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031199136 MORTGAGORS: JUNKIN JOHNNA REGION CODE ADDRESS : 1412 GREYMONT LANE 01 CITY : TUSCALOOSA STATE/ZIP : AL 35406 MORTGAGE AMOUNT : 228,950.00 OPTION TO CONVERT : UNPAID BALANCE : 228,641.74 ANNUAL RATE ADJUST: MONTHLY P&I : 1,679.95 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031199649 MORTGAGORS: SANDLER LEE FARINACCI KATHLEEN REGION CODE ADDRESS : 8 S VISTA DE CATALINA 01 CITY : LAGUNA BEACH STATE/ZIP : CA 92677 MORTGAGE AMOUNT : 492,000.00 OPTION TO CONVERT : UNPAID BALANCE : 491,643.90 ANNUAL RATE ADJUST: MONTHLY P&I : 3,482.35 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 60.00000 ---------------------------------------------------------------- 0 0031199813 MORTGAGORS: GREENBERG GLEN GREENBERG DEBRA REGION CODE ADDRESS : 33 WYNGATE DRIVE 01 CITY : AVON STATE/ZIP : CT 06001 MORTGAGE AMOUNT : 614,000.00 OPTION TO CONVERT : UNPAID BALANCE : 614,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 4,345.86 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 58.47600 ---------------------------------------------------------------- 0 0031200033 MORTGAGORS: HARDING JONATHAN LEHMAN KAREN REGION CODE ADDRESS : 8862 OAK VALLEY DR 01 CITY : HOLLAND STATE/ZIP : OH 43528 MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT : UNPAID BALANCE : 351,171.21 ANNUAL RATE ADJUST: MONTHLY P&I : 2,401.27 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031200108 MORTGAGORS: MASON SANDRA G REGION CODE ADDRESS : 4265 BERKELEY VIEW DRIVE 01 CITY : BERKELEY LAKE STATE/ZIP : GA 30136 MORTGAGE AMOUNT : 189,600.00 OPTION TO CONVERT : UNPAID BALANCE : 189,303.29 ANNUAL RATE ADJUST: MONTHLY P&I : 1,293.41 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,876,550.00 P & I AMT: 13,202.84 UPB AMT: 1,874,760.14 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 53 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031200124 MORTGAGORS: CLARKE WILLIAM CLARKE LYNN REGION CODE ADDRESS : 3981 HOOD DRIVE 01 CITY : SOUTHSIDE STATE/ZIP : AL 35907 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST: MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 70.42200 ---------------------------------------------------------------- 0 0031200561 MORTGAGORS: OREFICE MICHAEL OREFICE ROBIN REGION CODE ADDRESS : 11861 CARDEENE ROAD 01 CITY : AQUA DULCE STATE/ZIP : CA 91350 MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT : UNPAID BALANCE : 262,089.22 ANNUAL RATE ADJUST: MONTHLY P&I : 1,790.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031200629 MORTGAGORS: CHIANETTA PHILIP CHIANETTA TONI REGION CODE ADDRESS : 149 FIFTH STREET 01 CITY : RIDGEFIELD PARK STATE/ZIP : NJ 07760 MORTGAGE AMOUNT : 188,000.00 OPTION TO CONVERT : UNPAID BALANCE : 187,853.34 ANNUAL RATE ADJUST: MONTHLY P&I : 1,282.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031200926 MORTGAGORS: BARBEAU KEVIN BARBEAU DEIRDRE REGION CODE ADDRESS : 1051 NOTCHBROOK ROAD 01 CITY : STOWE STATE/ZIP : VT 05672 MORTGAGE AMOUNT : 238,000.00 OPTION TO CONVERT : UNPAID BALANCE : 237,827.74 ANNUAL RATE ADJUST: MONTHLY P&I : 1,684.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 64.32400 ---------------------------------------------------------------- 0 0031200967 MORTGAGORS: SHERMAN SEAN SHERMAN CINDY REGION CODE ADDRESS : 3326 STUYVESANT PLACE N.W. 01 CITY : WASHINGTON STATE/ZIP : DC 20015 MORTGAGE AMOUNT : 334,000.00 OPTION TO CONVERT : UNPAID BALANCE : 333,752.12 ANNUAL RATE ADJUST: MONTHLY P&I : 2,335.38 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,272,500.00 P & I AMT: 8,841.17 UPB AMT: 1,271,336.88 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 54 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031201098 MORTGAGORS: GOODMAN LAWRENCE GOODMAN SHARLENE REGION CODE ADDRESS : 27075 HIDDEN TRAIL ROAD 01 CITY : LAGUNA HILLS STATE/ZIP : CA 92653 MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT : UNPAID BALANCE : 484,295.71 ANNUAL RATE ADJUST: MONTHLY P&I : 3,432.80 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 71.85100 ---------------------------------------------------------------- 0 0031201494 MORTGAGORS: THOMPSON DONALD THOMPSON JACQULYN REGION CODE ADDRESS : 10304 REGENCY STATION DRIVE 01 CITY : FAIRFAX STATION STATE/ZIP : VA 22039 MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT : UNPAID BALANCE : 407,681.72 ANNUAL RATE ADJUST: MONTHLY P&I : 2,783.28 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.84300 ---------------------------------------------------------------- 0 0031201668 MORTGAGORS: RICHARDS FRANKLIN RICHARDS CYNTHIA REGION CODE ADDRESS : 8801 BELMART ROAD 01 CITY : POTOMAC STATE/ZIP : MD 20854 MORTGAGE AMOUNT : 990,000.00 OPTION TO CONVERT : UNPAID BALANCE : 990,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 7,007.16 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 015 LTV : 58.92800 ---------------------------------------------------------------- 0 0031202021 MORTGAGORS: BITENSKY JEFFREY BITENSKY CINDY REGION CODE ADDRESS : 839 APACHE ROAD 01 CITY : FRANKLIN LAKES STATE/ZIP : NJ 07417 MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT : UNPAID BALANCE : 350,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,447.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 61.40300 ---------------------------------------------------------------- 0 0031203128 MORTGAGORS: ENGLISH LONNIE ENGLISH CAROLINE REGION CODE ADDRESS : 494 WESTWIND DR, 01 CITY : CLAYTON STATE/ZIP : GA 30525 MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT : UNPAID BALANCE : 246,816.69 ANNUAL RATE ADJUST: MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,480,000.00 P & I AMT: 17,397.56 UPB AMT: 2,478,794.12 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 55 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031203763 MORTGAGORS: MAJER CHRISTOPHER REGION CODE ADDRESS : 19 AMICITA AVENUE 01 CITY : MILL VALLEY STATE/ZIP : CA 94941 MORTGAGE AMOUNT : 289,500.00 OPTION TO CONVERT : UNPAID BALANCE : 288,473.33 ANNUAL RATE ADJUST: MONTHLY P&I : 2,049.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 74.23000 ---------------------------------------------------------------- 0 0031203854 MORTGAGORS: COPELAND KAREN MOTTINO VERA REGION CODE ADDRESS : 2318 JANE LANE 01 CITY : MOUNTAIN VIEW STATE/ZIP : CA 94043 MORTGAGE AMOUNT : 287,200.00 OPTION TO CONVERT : UNPAID BALANCE : 286,803.40 ANNUAL RATE ADJUST: MONTHLY P&I : 2,082.40 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031203987 MORTGAGORS: DANG NAM NGUYEN QUAN REGION CODE ADDRESS : 2020 FLINT AVE 01 CITY : SAN JOSE STATE/ZIP : CA 95148 MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT : UNPAID BALANCE : 305,587.99 ANNUAL RATE ADJUST: MONTHLY P&I : 2,245.32 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031204068 MORTGAGORS: HWANG CHIN PARK MYUNG REGION CODE ADDRESS : 2209 WILDFLOWER DRIVE 01 CITY : FULLERTON DRIVE STATE/ZIP : CA 92833 MORTGAGE AMOUNT : 247,200.00 OPTION TO CONVERT : UNPAID BALANCE : 246,867.16 ANNUAL RATE ADJUST: MONTHLY P&I : 1,813.87 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031204456 MORTGAGORS: WHITE SUSAN REGION CODE ADDRESS : 309-C 76TH AVENUE NORTH 01 CITY : MYRTLE BEACH STATE/ZIP : SC 29577 MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT : UNPAID BALANCE : 256,224.25 ANNUAL RATE ADJUST: MONTHLY P&I : 1,795.58 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 74.97800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,386,700.00 P & I AMT: 9,986.23 UPB AMT: 1,383,956.13 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 56 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031204696 MORTGAGORS: GERRINGER IRWIN GERRINGER RAIJA REGION CODE ADDRESS : 7853 SPRINGFIELD LAKE DRIVE 01 CITY : LAKE WORTH STATE/ZIP : FL 33467 MORTGAGE AMOUNT : 56,600.00 OPTION TO CONVERT : UNPAID BALANCE : 56,561.05 ANNUAL RATE ADJUST: MONTHLY P&I : 410.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 250 LTV : 39.80300 ---------------------------------------------------------------- 0 0031204878 MORTGAGORS: MACO MARYLOU MACO DAYTON REGION CODE ADDRESS : 1129 ROUND PEBBLE LANE 01 CITY : RESTON STATE/ZIP : VA 20194 MORTGAGE AMOUNT : 488,000.00 OPTION TO CONVERT : UNPAID BALANCE : 487,637.83 ANNUAL RATE ADJUST: MONTHLY P&I : 3,412.17 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 78.08000 ---------------------------------------------------------------- 0 0031204928 MORTGAGORS: YAMAMOTO RONALD REGION CODE ADDRESS : 1321-1323 WALLER STREET 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94117 MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT : UNPAID BALANCE : 351,778.67 ANNUAL RATE ADJUST: MONTHLY P&I : 2,925.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/18 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 56.48000 ---------------------------------------------------------------- 0 0031205222 MORTGAGORS: TING PING CHEN PING REGION CODE ADDRESS : 20075 SHADOW MOUNTAIN ROAD 01 CITY : WALNUT STATE/ZIP : CA 91789 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,575.15 ANNUAL RATE ADJUST: MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 54.15100 ---------------------------------------------------------------- 0 0031205354 MORTGAGORS: ROYBAL JAMES REGION CODE ADDRESS : 51 APACHE RIDGE ROAD 01 CITY : SANTA FE STATE/ZIP : NM 87505 MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT : UNPAID BALANCE : 129,908.24 ANNUAL RATE ADJUST: MONTHLY P&I : 931.34 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 34.48200 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,327,600.00 P & I AMT: 9,828.37 UPB AMT: 1,325,460.94 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 57 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031205362 MORTGAGORS: KUMAR ALOK SINGHAL AMITA REGION CODE ADDRESS : 36 PARKGROVE DRIVE 01 CITY : SOUTH SAN FRANCISCO STATE/ZIP : CA 94080 MORTGAGE AMOUNT : 358,350.00 OPTION TO CONVERT : UNPAID BALANCE : 357,855.14 ANNUAL RATE ADJUST: MONTHLY P&I : 2,598.29 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 74.99800 ---------------------------------------------------------------- 0 0031205396 MORTGAGORS: FAUTT MARY FAUTT MICHAEL REGION CODE ADDRESS : 6300 SNOWBERRY COURT 01 CITY : GILROY STATE/ZIP : CA 95020 MORTGAGE AMOUNT : 230,500.00 OPTION TO CONVERT : UNPAID BALANCE : 230,032.92 ANNUAL RATE ADJUST: MONTHLY P&I : 1,691.33 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 79.99700 ---------------------------------------------------------------- 0 0031205859 MORTGAGORS: MCMILLIN KELLY MCMILLIN TERESA REGION CODE ADDRESS : 22803 ORDONEZ DRIVE 01 CITY : SALINAS STATE/ZIP : CA 93908 MORTGAGE AMOUNT : 283,500.00 OPTION TO CONVERT : UNPAID BALANCE : 283,077.90 ANNUAL RATE ADJUST: MONTHLY P&I : 1,982.27 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031205891 MORTGAGORS: ARMSTRONG MARK ARMSTRONG ELIZABETH REGION CODE ADDRESS : 40 CRESCENT ROAD 01 CITY : RIVERSIDE STATE/ZIP : CT 06878 MORTGAGE AMOUNT : 485,000.00 OPTION TO CONVERT : UNPAID BALANCE : 484,621.66 ANNUAL RATE ADJUST: MONTHLY P&I : 3,308.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 69.28500 ---------------------------------------------------------------- 0 0031206196 MORTGAGORS: CARUSO JOSEPH CARUSO ALICE REGION CODE ADDRESS : 148 ROUTE 100 01 CITY : SOMERS STATE/ZIP : NY 10536 MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT : UNPAID BALANCE : 369,732.20 ANNUAL RATE ADJUST: MONTHLY P&I : 2,618.84 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 76.28866 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,727,350.00 P & I AMT: 12,199.28 UPB AMT: 1,725,319.82 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 58 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031206204 MORTGAGORS: MACO MARYLOU MACO DAYTON REGION CODE ADDRESS : 6606 ANTHONY CREST SQUARE 01 CITY : MCLEAN STATE/ZIP : VA 22101 MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT : UNPAID BALANCE : 267,801.11 ANNUAL RATE ADJUST: MONTHLY P&I : 1,873.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.57100 ---------------------------------------------------------------- 0 0031206428 MORTGAGORS: TAYLOR PHILIP TAYLOR MARY REGION CODE ADDRESS : 5645 BROOKS WOODS ROAD 01 CITY : LOTHIAN STATE/ZIP : MD 20711 MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT : UNPAID BALANCE : 265,302.97 ANNUAL RATE ADJUST: MONTHLY P&I : 1,856.41 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.07400 ---------------------------------------------------------------- 0 0031206444 MORTGAGORS: MC FARLAND SCOTT REGION CODE ADDRESS : 1666 WINGFIELD DRIVE 01 CITY : BIRMINGHAM STATE/ZIP : AL 35242 MORTGAGE AMOUNT : 279,600.00 OPTION TO CONVERT : UNPAID BALANCE : 279,193.99 ANNUAL RATE ADJUST: MONTHLY P&I : 1,979.00 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031206469 MORTGAGORS: NAGUSZEWSKI ROBERT REGION CODE ADDRESS : 13 REYNOLDS LANE 01 CITY : KINGSTON STATE/ZIP : GA 30145 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 290,361.64 ANNUAL RATE ADJUST: MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 05/01/26 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031206535 MORTGAGORS: KRAEMER FREDERICK KRAEMER NINA REGION CODE ADDRESS : 18 PASSAIC VALLEY ROAD 01 CITY : MONTVILLE STATE/ZIP : NJ 07045 MORTGAGE AMOUNT : 166,000.00 OPTION TO CONVERT : UNPAID BALANCE : 166,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,203.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 250 LTV : 43.68400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,279,100.00 P & I AMT: 9,010.57 UPB AMT: 1,268,659.71 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 59 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031206733 MORTGAGORS: LUONG HENRY LUONG CELINE REGION CODE ADDRESS : 103 WEST SANTA ANITA TERRACE 01 CITY : ARCADIA STATE/ZIP : CA 91007 MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT : UNPAID BALANCE : 291,575.97 ANNUAL RATE ADJUST: MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031206873 MORTGAGORS: ZAVIDOW ROBERT ZAVIDOW JILL REGION CODE ADDRESS : 1746 2ND STREET 01 CITY : MANHATTAN BEACH STATE/ZIP : CA 90266 MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT : UNPAID BALANCE : 479,302.97 ANNUAL RATE ADJUST: MONTHLY P&I : 3,397.41 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031206949 MORTGAGORS: NAZWORTH KEVIN NAZWORTH KATHLEEN REGION CODE ADDRESS : 5524 NW 48TH PLACE 01 CITY : GAINESVILLE STATE/ZIP : FL 32606 MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT : UNPAID BALANCE : 263,804.07 ANNUAL RATE ADJUST: MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 94.99800 ---------------------------------------------------------------- 0 0031207137 MORTGAGORS: CHRISTENSON JULIE REGION CODE ADDRESS : 1902 STEINER STREET, # C 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94115 MORTGAGE AMOUNT : 311,200.00 OPTION TO CONVERT : UNPAID BALANCE : 310,974.77 ANNUAL RATE ADJUST: MONTHLY P&I : 2,202.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.79400 ---------------------------------------------------------------- 0 0031207251 MORTGAGORS: LEVINSON ROGER LEVINSON CYNTHIA REGION CODE ADDRESS : 1478 DARTSHIRE COURT 01 CITY : SUNNYVALE STATE/ZIP : CA 94087 MORTGAGE AMOUNT : 304,800.00 OPTION TO CONVERT : UNPAID BALANCE : 304,379.08 ANNUAL RATE ADJUST: MONTHLY P&I : 2,210.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 53.00800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,652,000.00 P & I AMT: 11,722.77 UPB AMT: 1,650,036.86 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 60 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031207335 MORTGAGORS: WELLISCH MARK WELLISCH BARBARA REGION CODE ADDRESS : 1811 FAIRBURN AVENUE NO 401 01 CITY : LOS ANGELES STATE/ZIP : CA 90025 MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT : UNPAID BALANCE : 183,752.25 ANNUAL RATE ADJUST: MONTHLY P&I : 1,350.13 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031207459 MORTGAGORS: DOYLE DONALD DOYLE BARBARA REGION CODE ADDRESS : 39594 MUSICK FALLS LANE 01 CITY : SHAVER ALKE STATE/ZIP : CA 93664 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,389.40 ANNUAL RATE ADJUST: MONTHLY P&I : 2,068.85 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031207699 MORTGAGORS: PYLE GERALD PYLE KATHLEEN REGION CODE ADDRESS : 2608 CALLE ONICE 01 CITY : SAN CLEMENTE STATE/ZIP : CA 92673 MORTGAGE AMOUNT : 398,450.00 OPTION TO CONVERT : UNPAID BALANCE : 397,871.39 ANNUAL RATE ADJUST: MONTHLY P&I : 2,820.21 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.99100 ---------------------------------------------------------------- 0 0031207749 MORTGAGORS: COVERT GUY COVERT SHARON REGION CODE ADDRESS : 15966 AVENIDA CALMA 01 CITY : RANCHO SANTA FE STATE/ZIP : CA 92091 MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT : UNPAID BALANCE : 349,759.13 ANNUAL RATE ADJUST: MONTHLY P&I : 2,537.75 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 76.92300 ---------------------------------------------------------------- 0 0031207921 MORTGAGORS: SAMMARTINO FRED VANDER BEEK BRENDA REGION CODE ADDRESS : 231 CHESTNUT STREET 01 CITY : N ANDOVER STATE/ZIP : MA 01845 MORTGAGE AMOUNT : 342,000.00 OPTION TO CONVERT : UNPAID BALANCE : 341,758.62 ANNUAL RATE ADJUST: MONTHLY P&I : 2,450.13 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 77.72700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,554,450.00 P & I AMT: 11,227.07 UPB AMT: 1,552,530.79 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 61 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031207962 MORTGAGORS: HOLTZMAN STEVEN STEWART TRACY REGION CODE ADDRESS : 115 POWERS ROAD 01 CITY : SUDBURY STATE/ZIP : MA 01776 MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT : UNPAID BALANCE : 425,699.33 ANNUAL RATE ADJUST: MONTHLY P&I : 3,051.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 65.94400 ---------------------------------------------------------------- 0 0031208093 MORTGAGORS: BEG HUMAYUN BEG A. REGION CODE ADDRESS : 50 MARION ROAD 01 CITY : WESTPORT STATE/ZIP : CT 06880 MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT : UNPAID BALANCE : 389,419.31 ANNUAL RATE ADJUST: MONTHLY P&I : 2,726.94 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031208283 MORTGAGORS: ATKIN STUART ATKIN KAREN REGION CODE ADDRESS : 1728 INDEPENDENCE LANE 01 CITY : CHERRY HILL STATE/ZIP : NJ 08003 MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT : UNPAID BALANCE : 265,632.67 ANNUAL RATE ADJUST: MONTHLY P&I : 1,928.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031208317 MORTGAGORS: EAST MICHAEL EAST MELINDA REGION CODE ADDRESS : 6618 NORTH 14TH PLACE 01 CITY : PHOENIX STATE/ZIP : AZ 85014 MORTGAGE AMOUNT : 248,450.00 OPTION TO CONVERT : UNPAID BALANCE : 248,274.64 ANNUAL RATE ADJUST: MONTHLY P&I : 1,779.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 78.87300 ---------------------------------------------------------------- 0 0031208473 MORTGAGORS: MORROW THERESA MORROW STEVEN REGION CODE ADDRESS : 548 SPRINGS ROAD 01 CITY : BEDFORD STATE/ZIP : MA 01730 MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT : UNPAID BALANCE : 247,824.97 ANNUAL RATE ADJUST: MONTHLY P&I : 1,776.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 53.33300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,578,450.00 P & I AMT: 11,264.18 UPB AMT: 1,576,850.92 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 62 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031208499 MORTGAGORS: LEAHY WILLIAM LEAHY KATHLEEN REGION CODE ADDRESS : 195 NEHOIDEN STREET 01 CITY : NEEDHAM STATE/ZIP : MA 02192 MORTGAGE AMOUNT : 236,500.00 OPTION TO CONVERT : UNPAID BALANCE : 236,341.32 ANNUAL RATE ADJUST: MONTHLY P&I : 1,735.35 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 59.12500 ---------------------------------------------------------------- 0 0031208614 MORTGAGORS: NAUGHTON THOMAS REGION CODE ADDRESS : 2303 ST. FRANCIS STREET 01 CITY : WILMIMGTON STATE/ZIP : DE 19808 MORTGAGE AMOUNT : 103,600.00 OPTION TO CONVERT : UNPAID BALANCE : 103,449.55 ANNUAL RATE ADJUST: MONTHLY P&I : 733.28 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031208853 MORTGAGORS: HAM EUGENE HAM ELIZABETH REGION CODE ADDRESS : 257 WASHINGTON STREET 01 CITY : SHERBORN STATE/ZIP : MA 01770 MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT : UNPAID BALANCE : 248,824.25 ANNUAL RATE ADJUST: MONTHLY P&I : 1,783.87 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 65.52600 ---------------------------------------------------------------- 0 0031208911 MORTGAGORS: BURDEN DOUGLAS BURDEN PATRICIA REGION CODE ADDRESS : 2 MAYBERRY LANE 01 CITY : LYNNFIELD STATE/ZIP : MA 01940 MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT : UNPAID BALANCE : 371,743.99 ANNUAL RATE ADJUST: MONTHLY P&I : 2,697.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031208952 MORTGAGORS: ALEXANDER DAVID ALEXANDER INGRID REGION CODE ADDRESS : 1703 WIGGINS 01 CITY : SPRINGFIELD STATE/ZIP : IL 62704 MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT : UNPAID BALANCE : 368,233.15 ANNUAL RATE ADJUST: MONTHLY P&I : 2,675.51 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 77.52100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,330,100.00 P & I AMT: 9,625.27 UPB AMT: 1,328,592.26 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 63 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031209190 MORTGAGORS: SONG WOOK SONG JONG REGION CODE ADDRESS : 852 ELMIRA DRIVE 01 CITY : SUNNYVALE STATE/ZIP : CA 94087 MORTGAGE AMOUNT : 397,500.00 OPTION TO CONVERT : UNPAID BALANCE : 397,212.30 ANNUAL RATE ADJUST: MONTHLY P&I : 2,813.48 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031209232 MORTGAGORS: COSGROVE ROBERT COSGROVE ELIZABETH REGION CODE ADDRESS : 22 GALE ROAD 01 CITY : HAMPTON STATE/ZIP : NH 03842 MORTGAGE AMOUNT : 253,000.00 OPTION TO CONVERT : UNPAID BALANCE : 253,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,790.72 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 63.40800 ---------------------------------------------------------------- 0 0031209265 MORTGAGORS: PETRILLO CHARLES PETRILLO PHYLLIS REGION CODE ADDRESS : 2900 ALEX MC KAY PLACE 01 CITY : SARASOTA STATE/ZIP : FL 34240 MORTGAGE AMOUNT : 595,000.00 OPTION TO CONVERT : UNPAID BALANCE : 594,569.35 ANNUAL RATE ADJUST: MONTHLY P&I : 4,211.38 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- 0 0031209331 MORTGAGORS: HANSON KRIS REGION CODE ADDRESS : 9 MAURIELLO DRIVE 01 CITY : STONEHAM STATE/ZIP : MA 02180 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.33400 ---------------------------------------------------------------- 0 0031209372 MORTGAGORS: PICHLY ANDRE PICHLY ALENE REGION CODE ADDRESS : 2264 RALSTON ROAD 01 CITY : SACRAMENTO STATE/ZIP : CA 95821 MORTGAGE AMOUNT : 152,800.00 OPTION TO CONVERT : UNPAID BALANCE : 152,692.15 ANNUAL RATE ADJUST: MONTHLY P&I : 1,094.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,698,300.00 P & I AMT: 12,007.91 UPB AMT: 1,697,473.80 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 64 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031209455 MORTGAGORS: HARPER DENNIS HARPER SARA REGION CODE ADDRESS : 5509 HIGHLANDS PARKWAY 01 CITY : COLUMBIA STATE/ZIP : MO 65203 MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT : UNPAID BALANCE : 599,543.45 ANNUAL RATE ADJUST: MONTHLY P&I : 4,144.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 63.15700 ---------------------------------------------------------------- 0 0031209596 MORTGAGORS: MOORE HOLLY REGION CODE ADDRESS : 1709 KEELY LANE 01 CITY : SARASOTA STATE/ZIP : FL 34232 MORTGAGE AMOUNT : 444,000.00 OPTION TO CONVERT : UNPAID BALANCE : 443,297.48 ANNUAL RATE ADJUST: MONTHLY P&I : 3,142.61 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031209752 MORTGAGORS: VINCENT ROBERT VINCENT YUKARI REGION CODE ADDRESS : 5672 BROADWAY TERRACE 01 CITY : OAKLAND STATE/ZIP : CA 94618 MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT : UNPAID BALANCE : 444,644.14 ANNUAL RATE ADJUST: MONTHLY P&I : 2,998.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 74.16600 ---------------------------------------------------------------- 0 0031210008 MORTGAGORS: WATSON DAVID RADER ELIZABETH REGION CODE ADDRESS : 18 BROOKHILL LANE 01 CITY : NORWALK STATE/ZIP : CT 06851 MORTGAGE AMOUNT : 312,750.00 OPTION TO CONVERT : UNPAID BALANCE : 312,517.89 ANNUAL RATE ADJUST: MONTHLY P&I : 2,186.80 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031210016 MORTGAGORS: SIMPSON REBECCA TESTA JOSEPH REGION CODE ADDRESS : 3 WEST WALNUT STREET 01 CITY : ALEXANDRIA STATE/ZIP : VA 22301 MORTGAGE AMOUNT : 146,136.00 OPTION TO CONVERT : UNPAID BALANCE : 146,022.00 ANNUAL RATE ADJUST: MONTHLY P&I : 996.91 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,947,886.00 P & I AMT: 13,468.42 UPB AMT: 1,946,024.96 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 65 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031210115 MORTGAGORS: MORENO JUAN MORENO SUSAN REGION CODE ADDRESS : 4723 DEL VALLE PARKWAY 01 CITY : PLEASANTON STATE/ZIP : CA 94566 MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT : UNPAID BALANCE : 248,810.52 ANNUAL RATE ADJUST: MONTHLY P&I : 1,719.79 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 250 LTV : 79.80700 ---------------------------------------------------------------- 0 0031210180 MORTGAGORS: ALEXANDERSON ERIC ALEXANDERSON LINNEA REGION CODE ADDRESS : 264 FAIR OAKS STREET 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94110 MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT : UNPAID BALANCE : 453,388.73 ANNUAL RATE ADJUST: MONTHLY P&I : 3,331.29 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 58.58000 ---------------------------------------------------------------- 0 0031210677 MORTGAGORS: PELLIGRINO JOHN REGION CODE ADDRESS : 1686 NORTH DRIVE 01 CITY : SARASOTA STATE/ZIP : FL 34239 MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT : UNPAID BALANCE : 283,577.14 ANNUAL RATE ADJUST: MONTHLY P&I : 1,985.77 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031210743 MORTGAGORS: FADJO DONALD FADJO CHERYL REGION CODE ADDRESS : 11450 COLOMA ROAD 01 CITY : GOLD RIVER STATE/ZIP : CA 95670 MORTGAGE AMOUNT : 181,450.00 OPTION TO CONVERT : UNPAID BALANCE : 180,817.39 ANNUAL RATE ADJUST: MONTHLY P&I : 1,315.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 10/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 250 LTV : 95.00000 ---------------------------------------------------------------- 0 0031211253 MORTGAGORS: JINKS ELIZABETH REGION CODE ADDRESS : 209 LAKE BRANDT DRIVE 01 CITY : MORRISVILLE STATE/ZIP : NC 27560 MORTGAGE AMOUNT : 197,250.00 OPTION TO CONVERT : UNPAID BALANCE : 196,956.31 ANNUAL RATE ADJUST: MONTHLY P&I : 1,379.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 250 LTV : 79.96800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,365,700.00 P & I AMT: 9,731.69 UPB AMT: 1,363,550.09 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 66 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031211279 MORTGAGORS: NORDYKE GARY NORDYKE PENNY REGION CODE ADDRESS : 5520 LEAFY MEADOW LANE 01 CITY : YORBA LINDA STATE/ZIP : CA 92887 MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT : UNPAID BALANCE : 303,774.39 ANNUAL RATE ADJUST: MONTHLY P&I : 2,125.61 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031211352 MORTGAGORS: BOWMAN JOSEPH BOWMAN MARTHA REGION CODE ADDRESS : 6779 MISTY WILLOW COURT 01 CITY : SAN JOSE STATE/ZIP : CA 95120 MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT : UNPAID BALANCE : 347,748.13 ANNUAL RATE ADJUST: MONTHLY P&I : 2,463.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 69.87900 ---------------------------------------------------------------- 0 0031211535 MORTGAGORS: SCHULKEN CHRISTOPHER BRICKLEY TERRI REGION CODE ADDRESS : 6207 GOODING POND COURT 01 CITY : BURKE STATE/ZIP : VA 22015 MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT : UNPAID BALANCE : 246,622.94 ANNUAL RATE ADJUST: MONTHLY P&I : 1,705.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031211659 MORTGAGORS: SKIRM GEORGE SKIRM MARY REGION CODE ADDRESS : 4715 BASIL DRIVE 01 CITY : MCKINNEY STATE/ZIP : TX 75070 MORTGAGE AMOUNT : 91,700.00 OPTION TO CONVERT : UNPAID BALANCE : 91,632.67 ANNUAL RATE ADJUST: MONTHLY P&I : 649.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.97209 ---------------------------------------------------------------- 0 0031211683 MORTGAGORS: WALKER DAVID WALKER MARGARETTE REGION CODE ADDRESS : 2939 EAST 19TH STREET 01 CITY : SIGNAL HILL STATE/ZIP : CA 90806 MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT : UNPAID BALANCE : 278,502.63 ANNUAL RATE ADJUST: MONTHLY P&I : 2,047.21 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 87.18700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,269,700.00 P & I AMT: 8,990.96 UPB AMT: 1,268,280.76 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 67 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031212053 MORTGAGORS: NAHMAN VANCE NAHMAN KATHLEEN REGION CODE ADDRESS : 180 CHATHAM WAY 01 CITY : MOUNTAIN VIEW STATE/ZIP : CA 94040 MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT : UNPAID BALANCE : 559,186.79 ANNUAL RATE ADJUST: MONTHLY P&I : 3,963.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 250 LTV : 78.87300 ---------------------------------------------------------------- 0 0031212533 MORTGAGORS: GASKELL FRED GASKELL JOAN REGION CODE ADDRESS : 1935 CABRILLO STREET 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94121 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST: MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031212665 MORTGAGORS: CARDELLI WARREN CARDELLI BEVERLY REGION CODE ADDRESS : 130 SEVENTEENTH STREET 01 CITY : PASO ROBLES STATE/ZIP : CA 93446 MORTGAGE AMOUNT : 78,000.00 OPTION TO CONVERT : UNPAID BALANCE : 77,853.54 ANNUAL RATE ADJUST: MONTHLY P&I : 572.34 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 60.00000 ---------------------------------------------------------------- 0 0031212947 MORTGAGORS: BORGONIA RUDOLPH BORGONIA CYNTHIA REGION CODE ADDRESS : 57 FESTIVO 01 CITY : IRVINE STATE/ZIP : CA 92606 MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT : UNPAID BALANCE : 268,305.66 ANNUAL RATE ADJUST: MONTHLY P&I : 1,900.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 76.71400 ---------------------------------------------------------------- 0 0031212962 MORTGAGORS: FENG DAVID ANTONUCCI LAURA REGION CODE ADDRESS : 45 GRAY STREET 01 CITY : NORTH ANDOVER STATE/ZIP : MA 01845 MORTGAGE AMOUNT : 307,100.00 OPTION TO CONVERT : UNPAID BALANCE : 306,860.44 ANNUAL RATE ADJUST: MONTHLY P&I : 2,094.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,513,600.00 P & I AMT: 10,706.59 UPB AMT: 1,511,999.97 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 68 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031212996 MORTGAGORS: SAGARNAGA GARY SAGARNAGA SHERRI REGION CODE ADDRESS : 4712 VALERIE 01 CITY : BELLAIRE STATE/ZIP : TX 77401 MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT : UNPAID BALANCE : 463,291.68 ANNUAL RATE ADJUST: MONTHLY P&I : 3,204.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031213044 MORTGAGORS: ARBINI STEPHEN ARBINI MICHELLE REGION CODE ADDRESS : 20620 119TH AVENUE SOUTHEAST 01 CITY : KENT STATE/ZIP : WA 98031 MORTGAGE AMOUNT : 167,950.00 OPTION TO CONVERT : UNPAID BALANCE : 167,687.17 ANNUAL RATE ADJUST: MONTHLY P&I : 1,145.72 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99500 ---------------------------------------------------------------- 0 0031213192 MORTGAGORS: CAMPBELL WILLIAM CAMPBELL DEBORAH REGION CODE ADDRESS : 4965 S NICOLET DRIVE 01 CITY : NEW BERLIN STATE/ZIP : WI 53151 MORTGAGE AMOUNT : 207,300.00 OPTION TO CONVERT : UNPAID BALANCE : 207,160.90 ANNUAL RATE ADJUST: MONTHLY P&I : 1,521.10 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 79.12200 ---------------------------------------------------------------- 0 0031213366 MORTGAGORS: GOLDSTEIN BARRY GOLDSTEIN LYNN REGION CODE ADDRESS : 4820 NORTHEAST 106TH STREET 01 CITY : SEATTLE STATE/ZIP : WA 98125 MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT : UNPAID BALANCE : 307,541.39 ANNUAL RATE ADJUST: MONTHLY P&I : 2,153.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031213572 MORTGAGORS: BELLICINI STEPHEN BELLICINI CHRISTIANA REGION CODE ADDRESS : 25593 CRESTFIELD CIRCLE 01 CITY : CASTRO VALLEY STATE/ZIP : CA 94552 MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT : UNPAID BALANCE : 328,510.13 ANNUAL RATE ADJUST: MONTHLY P&I : 2,300.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99500 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,476,250.00 P & I AMT: 10,325.57 UPB AMT: 1,474,191.27 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 69 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031213598 MORTGAGORS: RENNERT DOUGLAS RENNERT KAREN REGION CODE ADDRESS : 6330 SNOWBERRY COURT 01 CITY : GILROY STATE/ZIP : CA 95020 MORTGAGE AMOUNT : 264,700.00 OPTION TO CONVERT : UNPAID BALANCE : 264,190.11 ANNUAL RATE ADJUST: MONTHLY P&I : 1,988.61 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 89.98300 ---------------------------------------------------------------- 0 0031213721 MORTGAGORS: SCHWARTZ JOERG TENG YEOHLEE REGION CODE ADDRESS : 5 EAST 22ND STREET UNIT 19H 01 CITY : NEW YORK STATE/ZIP : NY 10010 MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT : UNPAID BALANCE : 175,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,193.81 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 76.92300 ---------------------------------------------------------------- 0 0031213960 MORTGAGORS: THIBAULT NORMAN REGION CODE ADDRESS : 165 HARVARD ROAD 01 CITY : BOLTON STATE/ZIP : MA 01740 MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT : UNPAID BALANCE : 246,816.69 ANNUAL RATE ADJUST: MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 74.39700 ---------------------------------------------------------------- 0 0031214026 MORTGAGORS: ALLDAY JONATHAN ALLDAY FRANCES REGION CODE ADDRESS : BOX 528 ROUTE 2 01 CITY : PILOT POINT STATE/ZIP : TX 76258 MORTGAGE AMOUNT : 109,800.00 OPTION TO CONVERT : UNPAID BALANCE : 109,652.15 ANNUAL RATE ADJUST: MONTHLY P&I : 805.68 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 79.97000 ---------------------------------------------------------------- 0 0031214067 MORTGAGORS: BULL A REGION CODE ADDRESS : 10215 OSO GRANDE ROAD N.E. 01 CITY : ALBUQUERQUE STATE/ZIP : NM 87111 MORTGAGE AMOUNT : 96,900.00 OPTION TO CONVERT : UNPAID BALANCE : 96,834.98 ANNUAL RATE ADJUST: MONTHLY P&I : 711.02 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 250 LTV : 85.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 893,400.00 P & I AMT: 6,426.18 UPB AMT: 892,493.93 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 70 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031214356 MORTGAGORS: PAPPAS NICHOLAS PAPPAS CANDACE REGION CODE ADDRESS : 23 PINEHURST LANE 01 CITY : NEWPORT BEACH STATE/ZIP : CA 92660 MORTGAGE AMOUNT : 847,300.00 OPTION TO CONVERT : UNPAID BALANCE : 845,200.08 ANNUAL RATE ADJUST: MONTHLY P&I : 5,997.14 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 015 LTV : 79.93300 ---------------------------------------------------------------- 0 0031215130 MORTGAGORS: CROSBY MICHAEL CROSBY KATHERINE REGION CODE ADDRESS : 38 LT. J. CABRAL DRIVE 01 CITY : MIDDLETON STATE/ZIP : MA 01949 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 259,811.82 ANNUAL RATE ADJUST: MONTHLY P&I : 1,840.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.36200 ---------------------------------------------------------------- 0 0031215379 MORTGAGORS: DONOVAN LEIGH REGION CODE ADDRESS : 220 TERRAMAR 01 CITY : SAN CLEMENTE STATE/ZIP : CA 92673 MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT : UNPAID BALANCE : 384,217.43 ANNUAL RATE ADJUST: MONTHLY P&I : 2,691.98 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.38144 ---------------------------------------------------------------- 0 0031215387 MORTGAGORS: SANCHEZ ALMA REGION CODE ADDRESS : 3199 SIERRA ROAD 01 CITY : SAN JOSE STATE/ZIP : CA 95132 MORTGAGE AMOUNT : 231,800.00 OPTION TO CONVERT : UNPAID BALANCE : 231,503.36 ANNUAL RATE ADJUST: MONTHLY P&I : 1,741.44 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031215429 MORTGAGORS: STAMPFLI DOR REGION CODE ADDRESS : 317 CONEJO ROAD 01 CITY : SANTA BARBARA STATE/ZIP : CA 93103 MORTGAGE AMOUNT : 190,000.00 OPTION TO CONVERT : UNPAID BALANCE : 189,862.48 ANNUAL RATE ADJUST: MONTHLY P&I : 1,344.81 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 67.85700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,914,100.00 P & I AMT: 13,615.63 UPB AMT: 1,910,595.17 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 71 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031215544 MORTGAGORS: MITCHELL GREGORY MITCHELL DONNA REGION CODE ADDRESS : 8360 WILLOW OAK RD 01 CITY : GERMANTOWN STATE/ZIP : TN 38138 MORTGAGE AMOUNT : 270,900.00 OPTION TO CONVERT : UNPAID BALANCE : 270,677.94 ANNUAL RATE ADJUST: MONTHLY P&I : 1,802.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031215668 MORTGAGORS: REGO GUMERSINDO REGO BRITTA REGION CODE ADDRESS : 2716 22ND AVENUE COURT NW 01 CITY : GIG HARBOR STATE/ZIP : WA 98335 MORTGAGE AMOUNT : 263,910.00 OPTION TO CONVERT : UNPAID BALANCE : 263,718.99 ANNUAL RATE ADJUST: MONTHLY P&I : 1,867.94 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031215692 MORTGAGORS: PAUZA JOHN PAUZA ANYTHA REGION CODE ADDRESS : 460 BRIDGEWATER DRIVE, SW, 01 CITY : MCDONALD STATE/ZIP : TN 37353 MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT : UNPAID BALANCE : 274,610.56 ANNUAL RATE ADJUST: MONTHLY P&I : 1,970.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 72.36842 ---------------------------------------------------------------- 0 0031215890 MORTGAGORS: CLARK JAMES CLARK MARY REGION CODE ADDRESS : 319 RESEDA DRIVE 01 CITY : WEBSTER STATE/ZIP : TX 77598 MORTGAGE AMOUNT : 72,400.00 OPTION TO CONVERT : UNPAID BALANCE : 72,286.70 ANNUAL RATE ADJUST: MONTHLY P&I : 493.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031215999 MORTGAGORS: GARRETT ROY GARRETT MARY REGION CODE ADDRESS : 1220 BIRCH AVENUE 01 CITY : ESCONDIDO STATE/ZIP : CA 92027 MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT : UNPAID BALANCE : 288,785.52 ANNUAL RATE ADJUST: MONTHLY P&I : 2,020.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 73.16400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,171,210.00 P & I AMT: 8,155.00 UPB AMT: 1,170,079.71 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 72 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031216070 MORTGAGORS: MCALISTER DONALD MCALISTER LISA REGION CODE ADDRESS : 12 SOMERSET DRIVE 01 CITY : ANDOVER STATE/ZIP : MA 01810 MORTGAGE AMOUNT : 373,600.00 OPTION TO CONVERT : UNPAID BALANCE : 373,057.50 ANNUAL RATE ADJUST: MONTHLY P&I : 2,644.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031216138 MORTGAGORS: GORDON ROBERT GORDON SHIRLEY REGION CODE ADDRESS : 2852 CONESTOGA COURT 01 CITY : ALPINE STATE/ZIP : CA 91901 MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT : UNPAID BALANCE : 369,250.24 ANNUAL RATE ADJUST: MONTHLY P&I : 2,714.93 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 67.27200 ---------------------------------------------------------------- 0 0031216278 MORTGAGORS: CROPLEY CHARLES CROPLEY GAILANN REGION CODE ADDRESS : 4306 COLUMBINE DRIVE 01 CITY : PLEASANTON STATE/ZIP : CA 94588 MORTGAGE AMOUNT : 249,600.00 OPTION TO CONVERT : UNPAID BALANCE : 249,094.20 ANNUAL RATE ADJUST: MONTHLY P&I : 1,831.48 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031216575 MORTGAGORS: CHOI TAE CHOI DUCK REGION CODE ADDRESS : 1037 LONGVIEW DRIVE 01 CITY : DIAMOND BAR STATE/ZIP : CA 91765 MORTGAGE AMOUNT : 196,000.00 OPTION TO CONVERT : UNPAID BALANCE : 195,715.38 ANNUAL RATE ADJUST: MONTHLY P&I : 1,387.28 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031216591 MORTGAGORS: FRANKLIN KIMBERLY REGION CODE ADDRESS : 5348 WILD BLOSSOM TERRACE 01 CITY : SAN DIEGO STATE/ZIP : CA 92121 MORTGAGE AMOUNT : 227,200.00 OPTION TO CONVERT : UNPAID BALANCE : 226,894.08 ANNUAL RATE ADJUST: MONTHLY P&I : 1,667.12 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,416,400.00 P & I AMT: 10,245.12 UPB AMT: 1,414,011.40 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 73 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031216641 MORTGAGORS: DEUTSCH PETER DEUTSCH KATHARINA REGION CODE ADDRESS : 11 PIERCE DRIVE 01 CITY : NOVATO STATE/ZIP : CA 94947 MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT : UNPAID BALANCE : 367,452.07 ANNUAL RATE ADJUST: MONTHLY P&I : 2,573.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031217169 MORTGAGORS: KOTWAL PRAMOD KOTWAL SARITA REGION CODE ADDRESS : 145 CAMBRONNE CIRCLE 01 CITY : BLUE BELL STATE/ZIP : PA 19422 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,764.76 ANNUAL RATE ADJUST: MONTHLY P&I : 1,839.41 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 74.07400 ---------------------------------------------------------------- 0 0031217300 MORTGAGORS: HERNANDEZ LUIS HERNANDEZ NILSA REGION CODE ADDRESS : 5917 DAVENHILL 01 CITY : PLANO STATE/ZIP : TX 75093 MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT : UNPAID BALANCE : 359,450.44 ANNUAL RATE ADJUST: MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 70.58800 ---------------------------------------------------------------- 0 0031217631 MORTGAGORS: BEGG JEANEE BRANNAN MICHAEL REGION CODE ADDRESS : 2488 KENWOOD AVENUE 01 CITY : SAN JOSE STATE/ZIP : CA 95128 MORTGAGE AMOUNT : 262,200.00 OPTION TO CONVERT : UNPAID BALANCE : 261,828.68 ANNUAL RATE ADJUST: MONTHLY P&I : 1,878.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031217896 MORTGAGORS: ORDAZ MARK ORDAZ KIMBERLEY REGION CODE ADDRESS : 6330 RASPBERRY COURT 01 CITY : GILROY STATE/ZIP : CA 95020 MORTGAGE AMOUNT : 288,800.00 OPTION TO CONVERT : UNPAID BALANCE : 288,152.95 ANNUAL RATE ADJUST: MONTHLY P&I : 2,019.34 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,559,000.00 P & I AMT: 10,796.74 UPB AMT: 1,556,648.90 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 74 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031217961 MORTGAGORS: KRELLENSTEIN JASON RATAJACK JOAN REGION CODE ADDRESS : 300 SMITH RIDGE ROAD 01 CITY : SOUTH SALEM STATE/ZIP : NY 10590 MORTGAGE AMOUNT : 248,850.00 OPTION TO CONVERT : UNPAID BALANCE : 248,669.89 ANNUAL RATE ADJUST: MONTHLY P&I : 1,761.35 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031218027 MORTGAGORS: SHENBERG JAMES REGION CODE ADDRESS : 3943 ALBRIGHT AVENUE 01 CITY : LOS ANGELES STATE/ZIP : CA 90066 MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT : UNPAID BALANCE : 270,813.50 ANNUAL RATE ADJUST: MONTHLY P&I : 1,964.94 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 78.55000 ---------------------------------------------------------------- 0 0031218118 MORTGAGORS: WILLIAMS ROGER REGION CODE ADDRESS : 45250 CHAPMAN ROAD 01 CITY : MENDOCINO STATE/ZIP : CA 95460 MORTGAGE AMOUNT : 325,500.00 OPTION TO CONVERT : UNPAID BALANCE : 325,281.60 ANNUAL RATE ADJUST: MONTHLY P&I : 2,388.40 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 48.58200 ---------------------------------------------------------------- 0 0031218340 MORTGAGORS: BRETL SCOTT BRETL KRISTINE REGION CODE ADDRESS : 301 KENMORE 01 CITY : ELMHURST STATE/ZIP : IL 60126 MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT : UNPAID BALANCE : 499,619.54 ANNUAL RATE ADJUST: MONTHLY P&I : 3,453.38 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 76.92300 ---------------------------------------------------------------- 0 0031218407 MORTGAGORS: PEARSON SCOTT PEARSON DANNIELLE REGION CODE ADDRESS : 14 THERESA DRIVE 01 CITY : LAWRENCEVILLE STATE/ZIP : NJ 08648 MORTGAGE AMOUNT : 235,800.00 OPTION TO CONVERT : UNPAID BALANCE : 235,629.33 ANNUAL RATE ADJUST: MONTHLY P&I : 1,668.98 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 89.65700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,581,150.00 P & I AMT: 11,237.05 UPB AMT: 1,580,013.86 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 75 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031218621 MORTGAGORS: SOLTAN CHARLES SOLTAN MARNI REGION CODE ADDRESS : 7074 DEVERON RIDGE RD 01 CITY : WEST HILLS STATE/ZIP : CA 91307 MORTGAGE AMOUNT : 192,000.00 OPTION TO CONVERT : UNPAID BALANCE : 191,721.18 ANNUAL RATE ADJUST: MONTHLY P&I : 1,358.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031218795 MORTGAGORS: RINCON-CRUZ ALIDA REGION CODE ADDRESS : 159 MANGELS AVE 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94131 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 287,801.80 ANNUAL RATE ADJUST: MONTHLY P&I : 2,088.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031218910 MORTGAGORS: CHUNG CHANG REGION CODE ADDRESS : 929 3RD AVE 01 CITY : LOS ANGELES STATE/ZIP : CA 90019 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,622.98 ANNUAL RATE ADJUST: MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031218944 MORTGAGORS: PETERSON CALVIN PETERSON HAYDEE REGION CODE ADDRESS : 5490 COVINGTON ROAD 01 CITY : SHOREWOOD STATE/ZIP : MN 55331 MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT : UNPAID BALANCE : 297,784.31 ANNUAL RATE ADJUST: MONTHLY P&I : 2,109.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.46600 ---------------------------------------------------------------- 0 0031219066 MORTGAGORS: MORA STEPHANIE HARDMAN CHAD REGION CODE ADDRESS : 4020 PAGE COURT 01 CITY : PLEASANTON STATE/ZIP : CA 94588 MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT : UNPAID BALANCE : 248,529.40 ANNUAL RATE ADJUST: MONTHLY P&I : 1,740.35 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,306,900.00 P & I AMT: 9,351.30 UPB AMT: 1,305,459.67 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 76 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031219074 MORTGAGORS: HERNANDEZ ALEJANDRO HERNANDEZ MARGOT REGION CODE ADDRESS : 38 DUER PLACE 01 CITY : WEEHAWKEN STATE/ZIP : NJ 07087 MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT : UNPAID BALANCE : 215,843.67 ANNUAL RATE ADJUST: MONTHLY P&I : 1,528.83 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031219306 MORTGAGORS: ROSENFELD RICHARD ROSENFELD LOU ANN REGION CODE ADDRESS : 5134 FROST AVENUE 01 CITY : CARLSBAD STATE/ZIP : CA 92008 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,788.26 ANNUAL RATE ADJUST: MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 93.38900 ---------------------------------------------------------------- 0 0031219868 MORTGAGORS: FIREK ANTHONY LAM-FIREK MARY REGION CODE ADDRESS : 1260 WEST SUNSET DRIVE 01 CITY : REDLANDS STATE/ZIP : CA 92373 MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT : UNPAID BALANCE : 327,523.69 ANNUAL RATE ADJUST: MONTHLY P&I : 2,321.57 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031220098 MORTGAGORS: ADDEI OPOKU ADDEI MONICA REGION CODE ADDRESS : 15003 JERIMIAH LANE 01 CITY : BOWIE STATE/ZIP : MD 20721 MORTGAGE AMOUNT : 294,500.00 OPTION TO CONVERT : UNPAID BALANCE : 294,264.49 ANNUAL RATE ADJUST: MONTHLY P&I : 1,984.10 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 87.91044 ---------------------------------------------------------------- 0 0031220171 MORTGAGORS: JAMES DENNIS GRIFFITHS DORRETT REGION CODE ADDRESS : 12117 GUINEVERE PLACE 01 CITY : GLENN DALE STATE/ZIP : MD 20769 MORTGAGE AMOUNT : 240,300.00 OPTION TO CONVERT : UNPAID BALANCE : 240,112.54 ANNUAL RATE ADJUST: MONTHLY P&I : 1,639.27 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 94.99900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,378,800.00 P & I AMT: 9,623.01 UPB AMT: 1,377,532.65 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 77 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031220205 MORTGAGORS: PRICKETT KEVIN PRICKETT ANGELA REGION CODE ADDRESS : 70 HASKINS RANCH CIRCLE 01 CITY : DANVILLE STATE/ZIP : CA 94506 MORTGAGE AMOUNT : 274,000.00 OPTION TO CONVERT : UNPAID BALANCE : 273,806.61 ANNUAL RATE ADJUST: MONTHLY P&I : 1,962.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 76.75000 ---------------------------------------------------------------- 0 0031220379 MORTGAGORS: SCHLAGER BARBARA PETRAUSKI GARY REGION CODE ADDRESS : 1570 RIVER ROAD 01 CITY : UPPER MAKEFIELD TOWNSHIP STATE/ZIP : PA 18938 MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT : UNPAID BALANCE : 499,664.52 ANNUAL RATE ADJUST: MONTHLY P&I : 3,668.83 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 250 LTV : 45.45400 ---------------------------------------------------------------- 0 0031220486 MORTGAGORS: DAMIANO ANDREA REGION CODE ADDRESS : 3815 REKLAW DRIVE (NORTH HOLLYWOOD 01 CITY : LOS ANGELES STATE/ZIP : CA 91604 MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT : UNPAID BALANCE : 343,751.01 ANNUAL RATE ADJUST: MONTHLY P&I : 2,434.82 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031220718 MORTGAGORS: BURGER ROBERT BURGER MARIELLEN REGION CODE ADDRESS : 5030 GROSVENOR CIRCLE 01 CITY : GRANITE BAY STATE/ZIP : CA 95746 MORTGAGE AMOUNT : 425,700.00 OPTION TO CONVERT : UNPAID BALANCE : 424,858.90 ANNUAL RATE ADJUST: MONTHLY P&I : 3,160.82 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 87.77300 ---------------------------------------------------------------- 0 0031220841 MORTGAGORS: WOODWARD DARYLE WOODWARD PATRICIA REGION CODE ADDRESS : 7683 S. HARRISON WAY 01 CITY : LITTLETON STATE/ZIP : CO 80122 MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT : UNPAID BALANCE : 203,856.02 ANNUAL RATE ADJUST: MONTHLY P&I : 1,461.48 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 250 LTV : 85.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,747,700.00 P & I AMT: 12,688.92 UPB AMT: 1,745,937.06 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 78 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031220924 MORTGAGORS: DU BOIS STEPHAN DU BOIS BARBARA REGION CODE ADDRESS : 4411 EAST EMBERWOOD LANE 01 CITY : ANAHEIM STATE/ZIP : CA 92807 MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT : UNPAID BALANCE : 314,575.87 ANNUAL RATE ADJUST: MONTHLY P&I : 2,311.36 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031221138 MORTGAGORS: FONG WHALLEN FONG SUSAN REGION CODE ADDRESS : 409 NATALIE LANE 01 CITY : DANVILLE STATE/ZIP : CA 94506 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,185.34 ANNUAL RATE ADJUST: MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 56.60300 ---------------------------------------------------------------- 0 0031221211 MORTGAGORS: RAKOCZY STEPHEN RAKOCZY PAMELA REGION CODE ADDRESS : 45 CLIVEDON LANE 01 CITY : PHOENIXVILLE STATE/ZIP : PA 19460 MORTGAGE AMOUNT : 407,750.00 OPTION TO CONVERT : UNPAID BALANCE : 407,415.77 ANNUAL RATE ADJUST: MONTHLY P&I : 2,712.77 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 79.99700 ---------------------------------------------------------------- 0 0031221278 MORTGAGORS: FUTRAL GENA REGION CODE ADDRESS : 1857 VOLBERG STREET 01 CITY : ATLANTA STATE/ZIP : GA 30318 MORTGAGE AMOUNT : 246,250.00 OPTION TO CONVERT : UNPAID BALANCE : 246,062.62 ANNUAL RATE ADJUST: MONTHLY P&I : 1,700.79 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 78.17400 ---------------------------------------------------------------- 0 0031221435 MORTGAGORS: FICARRA MARK FICARRA LAURIE REGION CODE ADDRESS : 722 ISTHMUS COURT 01 CITY : SAN DIEGO STATE/ZIP : CA 92109 MORTGAGE AMOUNT : 254,700.00 OPTION TO CONVERT : UNPAID BALANCE : 254,509.61 ANNUAL RATE ADJUST: MONTHLY P&I : 1,780.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,523,700.00 P & I AMT: 10,629.21 UPB AMT: 1,521,749.21 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 79 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031221500 MORTGAGORS: CAVOLO FRANK REGION CODE ADDRESS : 14 MANSFIELD AVE 01 CITY : DARIEN STATE/ZIP : CT 06820 MORTGAGE AMOUNT : 229,250.00 OPTION TO CONVERT : UNPAID BALANCE : 229,250.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,662.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- 0 0031221666 MORTGAGORS: MAZER RICHARD MAZER DIANE REGION CODE ADDRESS : 8346 ENRAMADA 01 CITY : WHITTIER STATE/ZIP : CA 90605 MORTGAGE AMOUNT : 795,000.00 OPTION TO CONVERT : UNPAID BALANCE : 794,409.99 ANNUAL RATE ADJUST: MONTHLY P&I : 5,558.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 015 LTV : 67.08800 ---------------------------------------------------------------- 0 0031221799 MORTGAGORS: MC COY SHAWN MC COY SUSAN REGION CODE ADDRESS : 1309 N. HUDSON STREET 01 CITY : ARLINGTON STATE/ZIP : VA 22201 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,717.68 ANNUAL RATE ADJUST: MONTHLY P&I : 2,865.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031222011 MORTGAGORS: PARADA LUIS PARADA SHELLY REGION CODE ADDRESS : 4266 VERDIGRIS CIRCLE 01 CITY : SAN JOSE STATE/ZIP : CA 95134 MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT : UNPAID BALANCE : 265,807.48 ANNUAL RATE ADJUST: MONTHLY P&I : 1,882.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 76.21776 ---------------------------------------------------------------- 0 0031222193 MORTGAGORS: STULTZ STEVEN KENNEY MELISSA REGION CODE ADDRESS : 404 VISTA TRUCHA 01 CITY : NEWPORT BEACH STATE/ZIP : CA 92660 MORTGAGE AMOUNT : 328,500.00 OPTION TO CONVERT : UNPAID BALANCE : 328,256.21 ANNUAL RATE ADJUST: MONTHLY P&I : 2,296.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,018,750.00 P & I AMT: 14,266.28 UPB AMT: 2,017,441.36 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 80 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031222342 MORTGAGORS: LYTER LLOYD LYTER DORIS REGION CODE ADDRESS : 914 CORRIENTE POINTE DRIVE 01 CITY : REDWOOD CITY STATE/ZIP : CA 94065 MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT : UNPAID BALANCE : 409,703.26 ANNUAL RATE ADJUST: MONTHLY P&I : 2,901.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 58.57100 ---------------------------------------------------------------- 0 0031222383 MORTGAGORS: LUSTIG, M.D. EMIL LUSTIG DEBORAH REGION CODE ADDRESS : 1976 MONTCLAIR CIRCLE 01 CITY : WALNUT CREEK STATE/ZIP : CA 94596 MORTGAGE AMOUNT : 245,700.00 OPTION TO CONVERT : UNPAID BALANCE : 245,352.06 ANNUAL RATE ADJUST: MONTHLY P&I : 1,760.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031222482 MORTGAGORS: COLEMAN RONALD O'BRIEN MARY REGION CODE ADDRESS : 43377 HATTEN CROSS COURT 01 CITY : ASHBURN STATE/ZIP : VA 20147 MORTGAGE AMOUNT : 284,900.00 OPTION TO CONVERT : UNPAID BALANCE : 284,677.75 ANNUAL RATE ADJUST: MONTHLY P&I : 1,943.52 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 94.99000 ---------------------------------------------------------------- 0 0031222524 MORTGAGORS: FOWLER RANDALL FOWLER MARCIA REGION CODE ADDRESS : 561 EAST STONE CANYON WAY 01 CITY : BREA STATE/ZIP : CA 92821 MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT : UNPAID BALANCE : 276,645.52 ANNUAL RATE ADJUST: MONTHLY P&I : 2,081.01 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 87.93650 ---------------------------------------------------------------- 0 0031222672 MORTGAGORS: TRINCHITELLA RONALD TRINCHITELLA BILLIE REGION CODE ADDRESS : 5077 BLACKHAWK DRIVE 01 CITY : DANVILLE STATE/ZIP : CA 94506 MORTGAGE AMOUNT : 750,000.00 OPTION TO CONVERT : UNPAID BALANCE : 749,443.39 ANNUAL RATE ADJUST: MONTHLY P&I : 5,244.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,967,600.00 P & I AMT: 13,930.81 UPB AMT: 1,965,821.98 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 81 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031222698 MORTGAGORS: ROE CYNTHIA REGION CODE ADDRESS : 5 EAST 22ND STREET UNIT 30H 01 CITY : NEW YORK STATE/ZIP : NY 10010 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 260,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,773.66 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031222847 MORTGAGORS: MURRAY JEAN REGION CODE ADDRESS : 1525 BLUE JAY WAY 01 CITY : LOS ANGELES STATE/ZIP : CA 90069 MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT : UNPAID BALANCE : 649,124.82 ANNUAL RATE ADJUST: MONTHLY P&I : 4,769.47 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 60.46511 ---------------------------------------------------------------- 0 0031222888 MORTGAGORS: MUELLER STEVEN MUELLER SHANNON REGION CODE ADDRESS : 14282 WALNUT CREEK DRIVE 01 CITY : CHINO HILLS STATE/ZIP : CA 91709 MORTGAGE AMOUNT : 280,200.00 OPTION TO CONVERT : UNPAID BALANCE : 279,632.21 ANNUAL RATE ADJUST: MONTHLY P&I : 2,056.01 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 94.98600 ---------------------------------------------------------------- 0 0031223068 MORTGAGORS: DELGADILLO JOSE DELGADILLO MARIA REGION CODE ADDRESS : 12008 WIMBERLY AVENUE 01 CITY : SYLMAR STATE/ZIP : CA 91342 MORTGAGE AMOUNT : 80,000.00 OPTION TO CONVERT : UNPAID BALANCE : 79,892.27 ANNUAL RATE ADJUST: MONTHLY P&I : 587.02 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 48.48400 ---------------------------------------------------------------- 0 0031223118 MORTGAGORS: AMOYEN FRANCIS AMOYEN ANGELINA REGION CODE ADDRESS : 235 OAKRIDGE DRIVE 01 CITY : DALY CITY STATE/ZIP : CA 94014 MORTGAGE AMOUNT : 255,400.00 OPTION TO CONVERT : UNPAID BALANCE : 255,056.13 ANNUAL RATE ADJUST: MONTHLY P&I : 1,874.03 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 94.98300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,525,600.00 P & I AMT: 11,060.19 UPB AMT: 1,523,705.43 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 82 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031223217 MORTGAGORS: CHAVEZ LARRY REGION CODE ADDRESS : 735 BUENOS TIEMPOS DRIVE 01 CITY : CAMARILLO STATE/ZIP : CA 93012 MORTGAGE AMOUNT : 238,450.00 OPTION TO CONVERT : UNPAID BALANCE : 238,136.76 ANNUAL RATE ADJUST: MONTHLY P&I : 1,770.48 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 89.98100 ---------------------------------------------------------------- 0 0031223233 MORTGAGORS: CARDEN ROBERT CARDEN LYNN REGION CODE ADDRESS : 12700 PARCHMENT LANE 01 CITY : RICHMOND STATE/ZIP : VA 23233 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,488.54 ANNUAL RATE ADJUST: MONTHLY P&I : 1,719.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 70.41800 ---------------------------------------------------------------- 0 0031223274 MORTGAGORS: JOHNSON CRAIG JOHNSON ANITA REGION CODE ADDRESS : 21681 KANEOHE LANE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92646 MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT : UNPAID BALANCE : 289,455.46 ANNUAL RATE ADJUST: MONTHLY P&I : 2,204.21 OUTSIDE CONV DATE : LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.37500 PRODUCT CODE : 002 LTV : 89.23000 ---------------------------------------------------------------- 0 0031223316 MORTGAGORS: CAPLAN JEFFREY CAPLAN GAYLA REGION CODE ADDRESS : 1579 SERAFIX ROAD 01 CITY : ALAMO STATE/ZIP : CA 94507 MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT : UNPAID BALANCE : 519,244.89 ANNUAL RATE ADJUST: MONTHLY P&I : 3,680.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031223449 MORTGAGORS: DEVERMANN ROBERT DEVERMANN NAN REGION CODE ADDRESS : 1810 HICKORY LANE 01 CITY : OSHKOSH STATE/ZIP : WI 54901 MORTGAGE AMOUNT : 393,750.00 OPTION TO CONVERT : UNPAID BALANCE : 393,465.01 ANNUAL RATE ADJUST: MONTHLY P&I : 2,786.94 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,682,200.00 P & I AMT: 12,161.55 UPB AMT: 1,679,790.66 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 83 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031223530 MORTGAGORS: LAMKIN BARRY LAMKIN NANCY REGION CODE ADDRESS : 3372 OLD HICKORY 01 CITY : MEDINA STATE/ZIP : OH 44256 MORTGAGE AMOUNT : 338,000.00 OPTION TO CONVERT : UNPAID BALANCE : 337,380.16 ANNUAL RATE ADJUST: MONTHLY P&I : 2,697.13 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/18 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.52900 ---------------------------------------------------------------- 0 0031223555 MORTGAGORS: OTTNEY JOHN REGION CODE ADDRESS : 43 CHATEAUX DU LAC 01 CITY : FENTON STATE/ZIP : MI 48430 MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT : UNPAID BALANCE : 499,628.92 ANNUAL RATE ADJUST: MONTHLY P&I : 3,496.08 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 69.44400 ---------------------------------------------------------------- 0 0031223589 MORTGAGORS: SHONFELD RICHARD SHONFELD JOY REGION CODE ADDRESS : 2353 HAGEN OAKS DR 01 CITY : ALAMO STATE/ZIP : CA 94507 MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT : UNPAID BALANCE : 284,596.39 ANNUAL RATE ADJUST: MONTHLY P&I : 2,041.78 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 48.30500 ---------------------------------------------------------------- 0 0031223639 MORTGAGORS: DICKEY ARTHUR DICKEY LORI REGION CODE ADDRESS : 10341 LASSEN STREET 01 CITY : LOS ALAMITOS STATE/ZIP : CA 90720 MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT : UNPAID BALANCE : 270,017.07 ANNUAL RATE ADJUST: MONTHLY P&I : 1,937.18 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031223654 MORTGAGORS: HUNLEY MICHAEL HUNLEY JAMIE REGION CODE ADDRESS : 125 BROOKES AVENUE WEST 01 CITY : SAN DIEGO STATE/ZIP : CA 92103 MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT : UNPAID BALANCE : 127,823.24 ANNUAL RATE ADJUST: MONTHLY P&I : 928.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,521,400.00 P & I AMT: 11,100.26 UPB AMT: 1,519,445.78 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 84 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031223704 MORTGAGORS: WILLIAMS LORA WILLIAMS WILLIAM REGION CODE ADDRESS : 895 BUENA VISTA DRIVE 01 CITY : WATSONVILLE STATE/ZIP : CA 95076 MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT : UNPAID BALANCE : 319,546.84 ANNUAL RATE ADJUST: MONTHLY P&I : 2,292.52 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031223910 MORTGAGORS: OKANO GARETT OKANO MARIA REGION CODE ADDRESS : 260 FAY WAY 01 CITY : MOUNTAIN VIEW STATE/ZIP : CA 94043 MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT : UNPAID BALANCE : 303,774.39 ANNUAL RATE ADJUST: MONTHLY P&I : 2,125.61 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031223928 MORTGAGORS: MOORE J REGION CODE ADDRESS : 788 DRYCREEK ROAD 01 CITY : CAMPBELL STATE/ZIP : CA 95008 MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT : UNPAID BALANCE : 392,685.73 ANNUAL RATE ADJUST: MONTHLY P&I : 2,647.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 59.54500 ---------------------------------------------------------------- 0 0031224140 MORTGAGORS: WELLS DAVID WELLS MARIAN REGION CODE ADDRESS : 7793 WOODLAND CIRCLE 01 CITY : EASTON STATE/ZIP : MD 21601 MORTGAGE AMOUNT : 360,300.00 OPTION TO CONVERT : UNPAID BALANCE : 359,669.06 ANNUAL RATE ADJUST: MONTHLY P&I : 2,957.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/18 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 57.64800 ---------------------------------------------------------------- 0 0031224165 MORTGAGORS: WOLFE THOMAS REGION CODE ADDRESS : 1180 GULF BOULEVARD #302 01 CITY : CLEARWATER STATE/ZIP : FL 33767 MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT : UNPAID BALANCE : 359,502.87 ANNUAL RATE ADJUST: MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,737,300.00 P & I AMT: 12,633.97 UPB AMT: 1,735,178.89 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 85 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031224256 MORTGAGORS: MOORE WANDA SMITH ERIK REGION CODE ADDRESS : 9315 VANALDEN AVE 01 CITY : NORTHRIDGE STATE/ZIP : CA 91324 MORTGAGE AMOUNT : 300,400.00 OPTION TO CONVERT : UNPAID BALANCE : 300,145.96 ANNUAL RATE ADJUST: MONTHLY P&I : 1,973.42 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031224264 MORTGAGORS: BYRNE MICHAEL REGION CODE ADDRESS : 26261 LA MORADA CIRCLE 01 CITY : MISSION VIEJO STATE/ZIP : CA 92691 MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT : UNPAID BALANCE : 291,772.22 ANNUAL RATE ADJUST: MONTHLY P&I : 1,991.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031224397 MORTGAGORS: SAGER EDWARD KLINE NANCY REGION CODE ADDRESS : 107 BRIAN WAY 01 CITY : KIMBERTON STATE/ZIP : PA 19442 MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT : UNPAID BALANCE : 275,768.13 ANNUAL RATE ADJUST: MONTHLY P&I : 1,813.12 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031224488 MORTGAGORS: BANTIVOGLIO KERRIE REGION CODE ADDRESS : 1601-1602 241 S. 6TH STREET 01 CITY : PHILADELPHIA STATE/ZIP : PA 19106 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST: MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 70.58800 ---------------------------------------------------------------- 0 0031224504 MORTGAGORS: GREEN RONALD GREEN MARY REGION CODE ADDRESS : 9300 NESBIT LAKES DRIVE 01 CITY : ALPHARETTA STATE/ZIP : GA 30022 MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT : UNPAID BALANCE : 295,780.32 ANNUAL RATE ADJUST: MONTHLY P&I : 2,069.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,464,400.00 P & I AMT: 9,894.70 UPB AMT: 1,463,232.60 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 86 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031224546 MORTGAGORS: O'DONNELL MANUS O'DONNELL PAMELA REGION CODE ADDRESS : 9149 WINDFLOWER DRIVE 01 CITY : ELLICOTT CITY STATE/ZIP : MD 21042 MORTGAGE AMOUNT : 348,100.00 OPTION TO CONVERT : UNPAID BALANCE : 347,581.70 ANNUAL RATE ADJUST: MONTHLY P&I : 2,433.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99400 ---------------------------------------------------------------- 0 0031224553 MORTGAGORS: TRCTEN MARK KASS JODI REGION CODE ADDRESS : 266 UMPAWAUG ROAD 01 CITY : REDDING STATE/ZIP : CT 06896 MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT : UNPAID BALANCE : 435,683.84 ANNUAL RATE ADJUST: MONTHLY P&I : 3,085.98 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031224777 MORTGAGORS: BROWN GERALD BROWN VICKI REGION CODE ADDRESS : 995 CREEKSIDE COURT 01 CITY : MORGAN HILL STATE/ZIP : CA 95037 MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT : UNPAID BALANCE : 238,644.13 ANNUAL RATE ADJUST: MONTHLY P&I : 1,671.13 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 70.29400 ---------------------------------------------------------------- 0 0031224801 MORTGAGORS: ROGERS BRIAN ROGERS CHRISTINE REGION CODE ADDRESS : 8083 JENNET STREET 01 CITY : RANCHO CUCAMONGA STATE/ZIP : CA 91701 MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT : UNPAID BALANCE : 305,544.38 ANNUAL RATE ADJUST: MONTHLY P&I : 2,139.60 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 77.46800 ---------------------------------------------------------------- 0 0031225196 MORTGAGORS: BARRY IVAN BARRY KIM REGION CODE ADDRESS : 6011 BERMUDA DUNES DRIVE 01 CITY : HOUSTON STATE/ZIP : TX 77069 MORTGAGE AMOUNT : 276,800.00 OPTION TO CONVERT : UNPAID BALANCE : 276,594.57 ANNUAL RATE ADJUST: MONTHLY P&I : 1,935.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.88800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,605,900.00 P & I AMT: 11,266.11 UPB AMT: 1,604,048.62 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 87 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031225295 MORTGAGORS: PIPKIN MICHAEL PIPKIN PAMELA REGION CODE ADDRESS : 2047 HAVERFORD DRIVE 01 CITY : CROWNSVILLE STATE/ZIP : MD 21032 MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT : UNPAID BALANCE : 318,885.49 ANNUAL RATE ADJUST: MONTHLY P&I : 2,182.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031225600 MORTGAGORS: STERN MARK STERN PATRICIA REGION CODE ADDRESS : 29003 CATHERWOOD COURT 01 CITY : AGOURA HILLS STATE/ZIP : CA 91301 MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT : UNPAID BALANCE : 314,328.70 ANNUAL RATE ADJUST: MONTHLY P&I : 2,256.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031225709 MORTGAGORS: HEMENWAY NANCY REGION CODE ADDRESS : 15 GIBSON STREET 01 CITY : CAMBRIDGE STATE/ZIP : MA 02138 MORTGAGE AMOUNT : 230,000.00 OPTION TO CONVERT : UNPAID BALANCE : 229,829.30 ANNUAL RATE ADJUST: MONTHLY P&I : 1,608.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 40.70700 ---------------------------------------------------------------- 0 0031225824 MORTGAGORS: ALLEN STUART REGION CODE ADDRESS : 1 VICTORIA WAY 01 CITY : SOUTH BRUNSWICK STATE/ZIP : NJ 08824 MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT : UNPAID BALANCE : 248,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,819.74 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031225881 MORTGAGORS: YURKO STEPHEN YURKO SHARON REGION CODE ADDRESS : 3417 PATTERSON WAY 01 CITY : EL DORADO HILLS STATE/ZIP : CA 95762 MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT : UNPAID BALANCE : 311,790.65 ANNUAL RATE ADJUST: MONTHLY P&I : 2,289.35 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,425,000.00 P & I AMT: 10,156.95 UPB AMT: 1,422,834.14 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 88 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031226236 MORTGAGORS: HESS SCOTT HESS COBI REGION CODE ADDRESS : 10 SAN RAFAEL PLACE 01 CITY : LAGUNA NIGUEL STATE/ZIP : CA 92677 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,710.49 ANNUAL RATE ADJUST: MONTHLY P&I : 2,831.18 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 59.70100 ---------------------------------------------------------------- 0 0031226566 MORTGAGORS: WOODS JAMES WOODS PATRICIA REGION CODE ADDRESS : 6303 BERKSHIRE DRIVE 01 CITY : BETHESDA STATE/ZIP : MD 20814 MORTGAGE AMOUNT : 472,450.00 OPTION TO CONVERT : UNPAID BALANCE : 471,746.55 ANNUAL RATE ADJUST: MONTHLY P&I : 3,303.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99800 ---------------------------------------------------------------- 0 0031226988 MORTGAGORS: FERNANDEZ RONALD REGION CODE ADDRESS : 27811 RON RIDGE DRIVE 01 CITY : SANTA CLARITA STATE/ZIP : CA 91350 MORTGAGE AMOUNT : 260,700.00 OPTION TO CONVERT : UNPAID BALANCE : 260,506.52 ANNUAL RATE ADJUST: MONTHLY P&I : 1,822.86 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 89.89600 ---------------------------------------------------------------- 0 0031227150 MORTGAGORS: LEITES BARBARA REGION CODE ADDRESS : 168 OXFORD WAY 01 CITY : SANTA CRUZ STATE/ZIP : CA 95060 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 287,786.26 ANNUAL RATE ADJUST: MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 72.00000 ---------------------------------------------------------------- 0 0031227176 MORTGAGORS: ALLISON SCOTT REGION CODE ADDRESS : 8603 MIDWAY ROAD 01 CITY : DALLAS STATE/ZIP : TX 75209 MORTGAGE AMOUNT : 216,000.00 OPTION TO CONVERT : UNPAID BALANCE : 215,851.35 ANNUAL RATE ADJUST: MONTHLY P&I : 1,566.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,637,150.00 P & I AMT: 11,537.37 UPB AMT: 1,635,601.17 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 89 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031227192 MORTGAGORS: WRIGHT CHARLES WRIGHT EVELYN REGION CODE ADDRESS : 527 SUTTER LANE 01 CITY : LAKE ARROWHEAD STATE/ZIP : CA 92352 MORTGAGE AMOUNT : 146,800.00 OPTION TO CONVERT : UNPAID BALANCE : 146,581.42 ANNUAL RATE ADJUST: MONTHLY P&I : 1,026.45 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031227242 MORTGAGORS: TRAVIS JOHN REGION CODE ADDRESS : 33 HANCOCK STREET 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94114 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,821.89 ANNUAL RATE ADJUST: MONTHLY P&I : 1,678.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 60.15000 ---------------------------------------------------------------- 0 0031227267 MORTGAGORS: BOURRET JACQUES RAWL-BOURRET JANET REGION CODE ADDRESS : 3812 INWOOD DRIVE 01 CITY : HOUSTON STATE/ZIP : TX 77019 MORTGAGE AMOUNT : 553,950.00 OPTION TO CONVERT : UNPAID BALANCE : 553,083.11 ANNUAL RATE ADJUST: MONTHLY P&I : 3,778.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 76.93700 ---------------------------------------------------------------- 0 0031227382 MORTGAGORS: RAVENSCROFT ROBERT REGION CODE ADDRESS : 10901 MILL SPRING DRIVE 01 CITY : NEVADA CITY STATE/ZIP : CA 95959 MORTGAGE AMOUNT : 538,000.00 OPTION TO CONVERT : UNPAID BALANCE : 536,963.73 ANNUAL RATE ADJUST: MONTHLY P&I : 4,041.81 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 69.41900 ---------------------------------------------------------------- 0 0031227499 MORTGAGORS: HOLDEN JEANNE FORTMUELLER BETH REGION CODE ADDRESS : 21810 SOUTHEAST 28TH STREET 01 CITY : ISSAQUAH STATE/ZIP : WA 98029 MORTGAGE AMOUNT : 241,600.00 OPTION TO CONVERT : UNPAID BALANCE : 241,411.53 ANNUAL RATE ADJUST: MONTHLY P&I : 1,648.14 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,720,350.00 P & I AMT: 12,173.43 UPB AMT: 1,717,861.68 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 90 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031227580 MORTGAGORS: KRUCZYNSKI RUSSELL KRUCZYNSKI JULIE REGION CODE ADDRESS : 18192 FOSS LANE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92648 MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT : UNPAID BALANCE : 303,790.78 ANNUAL RATE ADJUST: MONTHLY P&I : 2,204.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031227622 MORTGAGORS: WHITE ROBIN ESPINOZA CARLOS REGION CODE ADDRESS : 210 GREAT FALLS STREET 01 CITY : FALLS CHURCH STATE/ZIP : VA 22046 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,812.12 ANNUAL RATE ADJUST: MONTHLY P&I : 2,054.55 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031227861 MORTGAGORS: IRMEN J IRMEN MONIQUE REGION CODE ADDRESS : 641 E 45TH STREET 01 CITY : KANSAS CITY STATE/ZIP : MO 64110 MORTGAGE AMOUNT : 411,600.00 OPTION TO CONVERT : UNPAID BALANCE : 410,984.13 ANNUAL RATE ADJUST: MONTHLY P&I : 2,877.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 89.47800 ---------------------------------------------------------------- 0 0031228026 MORTGAGORS: FIELDS SCOTT FIELDS VICKI REGION CODE ADDRESS : 5524 KNIGHTBRIDGE DR 01 CITY : PORTLAND STATE/ZIP : OR 97219 MORTGAGE AMOUNT : 445,800.00 OPTION TO CONVERT : UNPAID BALANCE : 442,433.44 ANNUAL RATE ADJUST: MONTHLY P&I : 3,298.68 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 05/01/26 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 79.96412 ---------------------------------------------------------------- 0 0031228182 MORTGAGORS: LIPPER ARTHUR WITTNER ALLYSON REGION CODE ADDRESS : 10541 BUTTERFIELD ROAD 01 CITY : LOS ANGELES STATE/ZIP : CA 90064 MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT : UNPAID BALANCE : 499,628.93 ANNUAL RATE ADJUST: MONTHLY P&I : 3,496.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,941,400.00 P & I AMT: 13,931.49 UPB AMT: 1,936,649.40 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 91 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031228224 MORTGAGORS: SHEEHAN DAVID SHEEHAN MIDA REGION CODE ADDRESS : 16771 THUNDER RD 01 CITY : HAYMARKET STATE/ZIP : VA 20169 MORTGAGE AMOUNT : 287,700.00 OPTION TO CONVERT : UNPAID BALANCE : 287,481.08 ANNUAL RATE ADJUST: MONTHLY P&I : 1,987.08 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 61.21200 ---------------------------------------------------------------- 0 0031228273 MORTGAGORS: LEVINE BRUCE BROWN JOAN REGION CODE ADDRESS : 2402 BAYWOOD DR WEST 01 CITY : DUNEDIN STATE/ZIP : FL 34698 MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT : UNPAID BALANCE : 265,659.59 ANNUAL RATE ADJUST: MONTHLY P&I : 1,998.37 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031228471 MORTGAGORS: WALKON CRAIG WALKON STACY REGION CODE ADDRESS : 33981 LAS PALMAS DEL MAR 01 CITY : SAN JUAN CAPISTRANO STATE/ZIP : CA 92675 MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT : UNPAID BALANCE : 439,673.46 ANNUAL RATE ADJUST: MONTHLY P&I : 3,076.54 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.89000 ---------------------------------------------------------------- 0 0031228976 MORTGAGORS: IZMIRIAN G. YAO DIANA REGION CODE ADDRESS : 3381 VENTURA DR 01 CITY : HUNTINGTON STATE/ZIP : CA 92649 MORTGAGE AMOUNT : 582,000.00 OPTION TO CONVERT : UNPAID BALANCE : 581,599.47 ANNUAL RATE ADJUST: MONTHLY P&I : 4,219.91 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 72.75000 ---------------------------------------------------------------- 0 0031229024 MORTGAGORS: DUNBAR CYNTHIA REGION CODE ADDRESS : 601 ABBOTT LANE 01 CITY : FALLS CHURCH STATE/ZIP : VA 22046 MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT : UNPAID BALANCE : 235,824.85 ANNUAL RATE ADJUST: MONTHLY P&I : 1,650.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,811,700.00 P & I AMT: 12,932.05 UPB AMT: 1,810,238.45 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 92 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031229073 MORTGAGORS: BURKHART CHARLES BURKHART PATRICIA REGION CODE ADDRESS : 254 CURWEN ROAD 01 CITY : ROSEMONT STATE/ZIP : PA 19010 MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT : UNPAID BALANCE : 799,375.92 ANNUAL RATE ADJUST: MONTHLY P&I : 5,457.41 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 015 LTV : 78.04800 ---------------------------------------------------------------- 0 0031229248 MORTGAGORS: GUNDERSON DANIEL REGION CODE ADDRESS : 24544 ROYAL PORT RUSH DRIVE 01 CITY : NAPERVILLE STATE/ZIP : IL 60564 MORTGAGE AMOUNT : 239,500.00 OPTION TO CONVERT : UNPAID BALANCE : 239,330.96 ANNUAL RATE ADJUST: MONTHLY P&I : 1,715.81 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 72.13800 ---------------------------------------------------------------- 0 0031229271 MORTGAGORS: BURNS CHRISTINE REGION CODE ADDRESS : 157 AZALEA POINT DRIVE SOUTH 01 CITY : PONTE VEDRA BEACH STATE/ZIP : FL 32082 MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT : UNPAID BALANCE : 175,878.87 ANNUAL RATE ADJUST: MONTHLY P&I : 1,276.13 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031229305 MORTGAGORS: COLKY MICHAEL COLKY DEBORAH REGION CODE ADDRESS : 1943 W WABANSIA 01 CITY : CHICAGO STATE/ZIP : IL 60622 MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT : UNPAID BALANCE : 369,476.02 ANNUAL RATE ADJUST: MONTHLY P&I : 2,650.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 64.91200 ---------------------------------------------------------------- 0 0031229412 MORTGAGORS: SAUNDERS ROBERT SAUNDERS LORI REGION CODE ADDRESS : 805 KNOLLWOOD TERRACE 01 CITY : WESTFIELD STATE/ZIP : NJ 07090 MORTGAGE AMOUNT : 348,750.00 OPTION TO CONVERT : UNPAID BALANCE : 348,750.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,291.04 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,934,250.00 P & I AMT: 13,391.12 UPB AMT: 1,932,811.77 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 93 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031229420 MORTGAGORS: VALIULIS ANTHONY VALIULIS MARYANN REGION CODE ADDRESS : 383 HASTINGS AVE 01 CITY : HIGHLAND PARK STATE/ZIP : IL 60035 MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT : UNPAID BALANCE : 349,491.75 ANNUAL RATE ADJUST: MONTHLY P&I : 2,477.28 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 77.77777 ---------------------------------------------------------------- 0 0031229677 MORTGAGORS: LOCKWOOD JOEL LOCKWOOD GAYE REGION CODE ADDRESS : 16597 TOPPING WAY 01 CITY : LOS GATOS STATE/ZIP : CA 95032 MORTGAGE AMOUNT : 561,150.00 OPTION TO CONVERT : UNPAID BALANCE : 560,335.13 ANNUAL RATE ADJUST: MONTHLY P&I : 3,971.79 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 67.20300 ---------------------------------------------------------------- 0 0031229818 MORTGAGORS: ROBBINS DAVID REGION CODE ADDRESS : 26013 BALDWIN PLACE 01 CITY : LOS ANGELES STEVENSON RAN STATE/ZIP : CA 91381 MORTGAGE AMOUNT : 268,150.00 OPTION TO CONVERT : UNPAID BALANCE : 266,478.12 ANNUAL RATE ADJUST: MONTHLY P&I : 1,897.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 89.98600 ---------------------------------------------------------------- 0 0031229859 MORTGAGORS: STEWART JAMES STEWART CHERYL REGION CODE ADDRESS : 1183 WALNUT VALLEY LANE 01 CITY : DAYTON STATE/ZIP : OH 45458 MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT : UNPAID BALANCE : 303,352.13 ANNUAL RATE ADJUST: MONTHLY P&I : 2,177.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031229933 MORTGAGORS: BERMAN DAVID BERMAN CARYN REGION CODE ADDRESS : 200 FOREST AVENUE 01 CITY : SWAMPSCOTT STATE/ZIP : MA 01907 MORTGAGE AMOUNT : 306,000.00 OPTION TO CONVERT : UNPAID BALANCE : 305,364.06 ANNUAL RATE ADJUST: MONTHLY P&I : 2,218.72 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 69.07400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,789,300.00 P & I AMT: 12,743.64 UPB AMT: 1,785,021.19 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 94 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031230311 MORTGAGORS: SHEAR GLENN SHEAR HOLLY REGION CODE ADDRESS : 35 LOMITA DRIVE #A 01 CITY : MILL VALLEY STATE/ZIP : CA 94941 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,832.26 ANNUAL RATE ADJUST: MONTHLY P&I : 1,834.41 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 62.50000 ---------------------------------------------------------------- 0 0031230642 MORTGAGORS: JENSEN LEROY JENSEN VICKI REGION CODE ADDRESS : 16085 MEDLAR LANE 01 CITY : CHINO HILLS STATE/ZIP : CA 91709 MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT : UNPAID BALANCE : 275,795.16 ANNUAL RATE ADJUST: MONTHLY P&I : 1,929.84 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 73.60000 ---------------------------------------------------------------- 0 0031230782 MORTGAGORS: HARMON ROGER REGION CODE ADDRESS : 3488 N. SHORE ACRE LOOP 01 CITY : MONTICELLO STATE/ZIP : IN 47960 MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT : UNPAID BALANCE : 277,294.05 ANNUAL RATE ADJUST: MONTHLY P&I : 1,940.33 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031230972 MORTGAGORS: MEYER DAVID MEYER YOALDER REGION CODE ADDRESS : 3510 MIDDLEBROOK DRIVE 01 CITY : DURHAM STATE/ZIP : NC 27705 MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT : UNPAID BALANCE : 246,812.05 ANNUAL RATE ADJUST: MONTHLY P&I : 1,705.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031231038 MORTGAGORS: MARTIN ALETHA REGION CODE ADDRESS : 4621 SUGARHILL ROAD 01 CITY : BROOKNEAL STATE/ZIP : VA 24528 MORTGAGE AMOUNT : 55,800.00 OPTION TO CONVERT : UNPAID BALANCE : 55,765.31 ANNUAL RATE ADJUST: MONTHLY P&I : 424.13 OUTSIDE CONV DATE : LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.37500 PRODUCT CODE : 002 LTV : 60.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,106,300.00 P & I AMT: 7,834.68 UPB AMT: 1,105,498.83 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 95 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031231277 MORTGAGORS: NIETERS JAMES REGION CODE ADDRESS : 531 SKYPARK DRIVE 01 CITY : SCOTTS VALLEY STATE/ZIP : CA 95066 MORTGAGE AMOUNT : 253,700.00 OPTION TO CONVERT : UNPAID BALANCE : 253,322.26 ANNUAL RATE ADJUST: MONTHLY P&I : 1,773.91 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99900 ---------------------------------------------------------------- 0 0031231285 MORTGAGORS: TOLARI DANA TOLARI ANTHONY REGION CODE ADDRESS : 4488 PEACOCK COURT 01 CITY : DUBLIN STATE/ZIP : CA 94568 MORTGAGE AMOUNT : 244,100.00 OPTION TO CONVERT : UNPAID BALANCE : 243,566.59 ANNUAL RATE ADJUST: MONTHLY P&I : 1,727.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 78.38100 ---------------------------------------------------------------- 0 0031231632 MORTGAGORS: SILLER NEAL REGION CODE ADDRESS : 14928 FRENCHTOWN ROAD 01 CITY : BROWNSVILLE STATE/ZIP : CA 95919 MORTGAGE AMOUNT : 418,175.00 OPTION TO CONVERT : UNPAID BALANCE : 417,205.89 ANNUAL RATE ADJUST: MONTHLY P&I : 3,065.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/26 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 76.58800 ---------------------------------------------------------------- 0 0031231657 MORTGAGORS: SAUNDERS CRAIG SAUNDERS KATHY REGION CODE ADDRESS : 19 STONE COURT 01 CITY : DANVILLE STATE/ZIP : CA 94526 MORTGAGE AMOUNT : 339,500.00 OPTION TO CONVERT : UNPAID BALANCE : 339,019.23 ANNUAL RATE ADJUST: MONTHLY P&I : 2,432.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 84.87500 ---------------------------------------------------------------- 0 0031231988 MORTGAGORS: OTTENWELLER PETER REGAN-OTTENWELLER JOHANNA REGION CODE ADDRESS : 5286 JOAQUIN ROAD 01 CITY : SANTA ROSA STATE/ZIP : CA 95409 MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT : UNPAID BALANCE : 292,106.17 ANNUAL RATE ADJUST: MONTHLY P&I : 2,146.26 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,547,975.00 P & I AMT: 11,145.32 UPB AMT: 1,545,220.14 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 96 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031232275 MORTGAGORS: MINTY ROBERT ZINK-MINTY TINA REGION CODE ADDRESS : 101 ARISTA 01 CITY : SAN CLEMENTE STATE/ZIP : CA 92673 MORTGAGE AMOUNT : 349,050.00 OPTION TO CONVERT : UNPAID BALANCE : 348,580.02 ANNUAL RATE ADJUST: MONTHLY P&I : 2,561.21 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 89.50000 ---------------------------------------------------------------- 0 0031232440 MORTGAGORS: PULCINELLA MICHAEL PULCINELLA PENNY REGION CODE ADDRESS : 1807 CENTRAL AVENUE 01 CITY : OCEAN CITY STATE/ZIP : NJ 08226 MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT : UNPAID BALANCE : 235,837.58 ANNUAL RATE ADJUST: MONTHLY P&I : 1,711.17 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031232465 MORTGAGORS: GODDARD KENNETH GODDARD CAROLYN REGION CODE ADDRESS : 157 EAST STREET 01 CITY : HINGHAM STATE/ZIP : MA 02043 MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT : UNPAID BALANCE : 226,804.56 ANNUAL RATE ADJUST: MONTHLY P&I : 1,472.32 OUTSIDE CONV DATE : LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.75000 PRODUCT CODE : 002 LTV : 79.09407 ---------------------------------------------------------------- 0 0031232556 MORTGAGORS: MALLIN JULIAN REGION CODE ADDRESS : 10140 THREE ARCHES CIRCLE 01 CITY : VILLA PARK STATE/ZIP : CA 92861 MORTGAGE AMOUNT : 321,600.00 OPTION TO CONVERT : UNPAID BALANCE : 320,958.82 ANNUAL RATE ADJUST: MONTHLY P&I : 2,248.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031232572 MORTGAGORS: DUDNICK CURTIS REGION CODE ADDRESS : 205 STAPP ROAD 01 CITY : BOULDER CREEK STATE/ZIP : CA 95006 MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT : UNPAID BALANCE : 281,380.32 ANNUAL RATE ADJUST: MONTHLY P&I : 1,921.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,415,250.00 P & I AMT: 9,914.39 UPB AMT: 1,413,561.30 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 97 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031232606 MORTGAGORS: RICH WILLIAM REGION CODE ADDRESS : 144 UPPER FERRY ROAD 01 CITY : WEST TRENTON STATE/ZIP : NJ 08628 MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT : UNPAID BALANCE : 160,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,160.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031232622 MORTGAGORS: NGUYEN BA NGUYEN TRANG REGION CODE ADDRESS : 6889 CAMBRIA COVE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92648 MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT : UNPAID BALANCE : 357,344.74 ANNUAL RATE ADJUST: MONTHLY P&I : 2,564.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.55500 ---------------------------------------------------------------- 0 0031232671 MORTGAGORS: CHONG INA LEE CHONG REGION CODE ADDRESS : 4217 WEST 6TH STREET 01 CITY : LOS ANGELES STATE/ZIP : CA 90020 MORTGAGE AMOUNT : 308,550.00 OPTION TO CONVERT : UNPAID BALANCE : 308,330.79 ANNUAL RATE ADJUST: MONTHLY P&I : 2,210.50 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 85.00000 ---------------------------------------------------------------- 0 0031233000 MORTGAGORS: CHIBE MARK CHIBE GINA REGION CODE ADDRESS : 16220 SOUTH WILDWOOD 01 CITY : LOCKPORT STATE/ZIP : IL 60441 MORTGAGE AMOUNT : 259,900.00 OPTION TO CONVERT : UNPAID BALANCE : 259,531.94 ANNUAL RATE ADJUST: MONTHLY P&I : 1,861.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.99300 ---------------------------------------------------------------- 0 0031233075 MORTGAGORS: METCALFE GREGORY METCALFE CANDACE REGION CODE ADDRESS : 7 LAFAYETTE LANE 01 CITY : COTO DE CAZA STATE/ZIP : CA 92679 MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT : UNPAID BALANCE : 439,062.31 ANNUAL RATE ADJUST: MONTHLY P&I : 3,152.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 73.33300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,526,450.00 P & I AMT: 10,949.55 UPB AMT: 1,524,269.78 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 98 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031233372 MORTGAGORS: GREEN CLIFTON GREEN LINDA REGION CODE ADDRESS : 403 3/4 WEST SKYLINE DRIVE 01 CITY : LA HABRA HEIGHTS STATE/ZIP : CA 90631 MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT : UNPAID BALANCE : 235,806.56 ANNUAL RATE ADJUST: MONTHLY P&I : 1,570.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031233422 MORTGAGORS: SALDANA JOSEPH SALDANA SUSAN REGION CODE ADDRESS : 1722 FOOTHILL DRIVE 01 CITY : VISTA STATE/ZIP : CA 92084 MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT : UNPAID BALANCE : 250,844.26 ANNUAL RATE ADJUST: MONTHLY P&I : 1,799.63 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031233570 MORTGAGORS: LEON DANIEL REGION CODE ADDRESS : 1114 LA ROSA ROAD 01 CITY : ARCADIA STATE/ZIP : CA 91007 MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT : UNPAID BALANCE : 310,263.73 ANNUAL RATE ADJUST: MONTHLY P&I : 2,144.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 250 LTV : 73.84000 ---------------------------------------------------------------- 0 0031233661 MORTGAGORS: MONTIEL RAFAEL MONTIEL PATRICE REGION CODE ADDRESS : 1250 PLUM TREE ROAD 01 CITY : CARLSBAD STATE/ZIP : CA 92009 MORTGAGE AMOUNT : 271,150.00 OPTION TO CONVERT : UNPAID BALANCE : 270,542.49 ANNUAL RATE ADJUST: MONTHLY P&I : 1,895.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99900 ---------------------------------------------------------------- 0 0031233935 MORTGAGORS: WASSON JAMES ADIK GWYNN REGION CODE ADDRESS : 764 SOUTH MICHIGAN BOULEVARD 01 CITY : PASADENA STATE/ZIP : CA 91107 MORTGAGE AMOUNT : 455,200.00 OPTION TO CONVERT : UNPAID BALANCE : 454,878.72 ANNUAL RATE ADJUST: MONTHLY P&I : 3,261.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,524,050.00 P & I AMT: 10,671.33 UPB AMT: 1,522,335.76 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 99 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031233976 MORTGAGORS: MOREHOUSE JOEL MOREHOUSE SHEILA REGION CODE ADDRESS : 25 DAVIS ROAD 01 CITY : CHELMSFORD STATE/ZIP : MA 01824 MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT : UNPAID BALANCE : 255,719.69 ANNUAL RATE ADJUST: MONTHLY P&I : 1,933.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/23 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 72.72700 ---------------------------------------------------------------- 0 0031234065 MORTGAGORS: GANNON JUSTIN GANNON JEAN REGION CODE ADDRESS : 7 COURTENAY LANE 01 CITY : SAN ANTONIO STATE/ZIP : TX 78257 MORTGAGE AMOUNT : 498,750.00 OPTION TO CONVERT : UNPAID BALANCE : 498,309.96 ANNUAL RATE ADJUST: MONTHLY P&I : 3,193.55 OUTSIDE CONV DATE : LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.62500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031234248 MORTGAGORS: GHERARDI GAI REGION CODE ADDRESS : 2001 N LA BREA TERRACE 01 CITY : LOS ANGELES STATE/ZIP : CA 90046 MORTGAGE AMOUNT : 638,200.00 OPTION TO CONVERT : UNPAID BALANCE : 636,535.37 ANNUAL RATE ADJUST: MONTHLY P&I : 4,682.89 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 65.45600 ---------------------------------------------------------------- 0 0031234289 MORTGAGORS: HAACK FREDERICK HAACK MARY REGION CODE ADDRESS : 418 COLEBROOK LANE 01 CITY : BRYN MAWR STATE/ZIP : PA 19010 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,741.71 ANNUAL RATE ADJUST: MONTHLY P&I : 1,945.79 OUTSIDE CONV DATE : LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.75000 PRODUCT CODE : 002 LTV : 40.81600 ---------------------------------------------------------------- 0 0031234297 MORTGAGORS: BURNS DENNIS BURNS KAREN REGION CODE ADDRESS : 41371 WHITE CREST COURT 01 CITY : FREMONT STATE/ZIP : CA 94539 MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT : UNPAID BALANCE : 312,779.09 ANNUAL RATE ADJUST: MONTHLY P&I : 2,242.37 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 67.31100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,005,950.00 P & I AMT: 13,998.24 UPB AMT: 2,003,085.82 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 100 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031234305 MORTGAGORS: PAPPAS DIMITRI PAPPAS ANNETTE REGION CODE ADDRESS : 1103 HARMONY CIRCLE 01 CITY : WEST CHESTER STATE/ZIP : PA 19380 MORTGAGE AMOUNT : 262,100.00 OPTION TO CONVERT : UNPAID BALANCE : 261,890.40 ANNUAL RATE ADJUST: MONTHLY P&I : 1,765.82 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 77.54400 ---------------------------------------------------------------- 0 0031234438 MORTGAGORS: BECK MARK BECK KATHLEEN REGION CODE ADDRESS : 4251 GLENGARY DRIVE 01 CITY : ATLANTA STATE/ZIP : GA 30342 MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT : UNPAID BALANCE : 289,768.09 ANNUAL RATE ADJUST: MONTHLY P&I : 1,953.79 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031234511 MORTGAGORS: MOORE KATHRYN MOORE RANDALL REGION CODE ADDRESS : 43 HIGH ROCK ROAD 01 CITY : WAYLAND STATE/ZIP : MA 01778 MORTGAGE AMOUNT : 441,600.00 OPTION TO CONVERT : UNPAID BALANCE : 441,288.32 ANNUAL RATE ADJUST: MONTHLY P&I : 3,163.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031234537 MORTGAGORS: CAIN BRUCE CAIN MARY LYNN REGION CODE ADDRESS : 61 MEADOWVIEW ROAD 01 CITY : GROTON STATE/ZIP : MA 01450 MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT : UNPAID BALANCE : 273,401.97 ANNUAL RATE ADJUST: MONTHLY P&I : 1,936.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031234644 MORTGAGORS: WILLIAMS W REGION CODE ADDRESS : 5010 WHISPER WILLOW DRIVE 01 CITY : FAIRFAX STATE/ZIP : VA 22030 MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT : UNPAID BALANCE : 292,260.24 ANNUAL RATE ADJUST: MONTHLY P&I : 1,946.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 79.98800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,559,800.00 P & I AMT: 10,765.83 UPB AMT: 1,558,609.02 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 101 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031234735 MORTGAGORS: GKONOS JAMES GKONOS ANGELA REGION CODE ADDRESS : 10 SOUTHWIND LANE 01 CITY : EAST CALN TOWNSHIP STATE/ZIP : PA 19335 MORTGAGE AMOUNT : 235,650.00 OPTION TO CONVERT : UNPAID BALANCE : 235,650.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,647.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 88.82665 ---------------------------------------------------------------- 0 0031234776 MORTGAGORS: KLEIN HARRIS KLEIN CAROLYN REGION CODE ADDRESS : 2763 WHISPERING OAKS DRIVE 01 CITY : BUFFALO GROVE STATE/ZIP : IL 60089 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 280,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 76.71200 ---------------------------------------------------------------- 0 0031235120 MORTGAGORS: MULLER KARL REGION CODE ADDRESS : 2808 FORGE ROAD 01 CITY : TOANO STATE/ZIP : VA 23168 MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT : UNPAID BALANCE : 293,477.16 ANNUAL RATE ADJUST: MONTHLY P&I : 2,390.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/18 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- 0 0031235161 MORTGAGORS: MEYERS DAVID MEYERS MICHELLE REGION CODE ADDRESS : 614 8TH STREET 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92648 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,781.57 ANNUAL RATE ADJUST: MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031235286 MORTGAGORS: HAMILTON MICHAEL HAMILTON DIANA REGION CODE ADDRESS : 9363 GAINFORD STREET 01 CITY : DOWNEY STATE/ZIP : CA 90240 MORTGAGE AMOUNT : 311,550.00 OPTION TO CONVERT : UNPAID BALANCE : 311,335.59 ANNUAL RATE ADJUST: MONTHLY P&I : 2,258.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 77.88700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,401,200.00 P & I AMT: 10,141.63 UPB AMT: 1,400,244.32 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 102 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031235310 MORTGAGORS: OCHS GARY OCHS MARCIE REGION CODE ADDRESS : 6 BEDFORD COURT 01 CITY : HAWTHORNE WOODS STATE/ZIP : IL 60047 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,823.54 ANNUAL RATE ADJUST: MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 65.20400 ---------------------------------------------------------------- 0 0031235351 MORTGAGORS: PLYKKANEN DARLENE REGION CODE ADDRESS : 848-850 N. DILLON STREET 01 CITY : LOS ANGELES STATE/ZIP : CA 90026 MORTGAGE AMOUNT : 124,800.00 OPTION TO CONVERT : UNPAID BALANCE : 124,707.38 ANNUAL RATE ADJUST: MONTHLY P&I : 872.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031235468 MORTGAGORS: VENDITTI FERDINAND EHLERS MARY REGION CODE ADDRESS : 1960 MASSACHUSETTS AVENUE 01 CITY : LEXINGTON STATE/ZIP : MA 02173 MORTGAGE AMOUNT : 585,300.00 OPTION TO CONVERT : UNPAID BALANCE : 584,865.63 ANNUAL RATE ADJUST: MONTHLY P&I : 4,092.50 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.01200 ---------------------------------------------------------------- 0 0031235534 MORTGAGORS: SMITH MICHAEL QUIGLEY JOETTE REGION CODE ADDRESS : 11947 N. 114TH WAY 01 CITY : SCOTTSDALE STATE/ZIP : AZ 85259 MORTGAGE AMOUNT : 456,000.00 OPTION TO CONVERT : UNPAID BALANCE : 455,644.27 ANNUAL RATE ADJUST: MONTHLY P&I : 3,110.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031235559 MORTGAGORS: BAMGARDNER JOHN REGION CODE ADDRESS : 2345 STONECROP WAY 01 CITY : GORDON STATE/ZIP : CO 80401 MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT : UNPAID BALANCE : 423,669.24 ANNUAL RATE ADJUST: MONTHLY P&I : 2,892.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,840,100.00 P & I AMT: 12,759.32 UPB AMT: 1,838,710.06 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 103 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031235609 MORTGAGORS: CHRYSANTHOPOULOS MICHAEL CHRYSANTHOPOULOS CLAIRE REGION CODE ADDRESS : 33 POCANO AVENUE 01 CITY : OCEANPORT STATE/ZIP : NJ 07757 MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT : UNPAID BALANCE : 270,199.32 ANNUAL RATE ADJUST: MONTHLY P&I : 1,890.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031235732 MORTGAGORS: FRENCH RICHARD FRENCH APRIL REGION CODE ADDRESS : 3445 SILVER SPRINGS ROAD 01 CITY : LAFAYETEE STATE/ZIP : CA 94549 MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT : UNPAID BALANCE : 434,677.16 ANNUAL RATE ADJUST: MONTHLY P&I : 3,041.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 72.50000 ---------------------------------------------------------------- 0 0031235815 MORTGAGORS: INCE GARVEY INCE MARY REGION CODE ADDRESS : 47 KINGS ROAD 01 CITY : ROCKAWAY STATE/ZIP : NJ 07866 MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT : UNPAID BALANCE : 251,812.98 ANNUAL RATE ADJUST: MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 85.42300 ---------------------------------------------------------------- 0 0031236029 MORTGAGORS: DENTON JAMES REGION CODE ADDRESS : 1 WHIPPLE ROAD 01 CITY : HAMILTON STATE/ZIP : MA 01982 MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT : UNPAID BALANCE : 227,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,548.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 74.42623 ---------------------------------------------------------------- 0 0031236151 MORTGAGORS: EHRINGER KEVIN EHRINGER ELIZABETH REGION CODE ADDRESS : 7799 N COUNTY ROAD 01 CITY : FRISCO STATE/ZIP : TX 75034 MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT : UNPAID BALANCE : 479,625.55 ANNUAL RATE ADJUST: MONTHLY P&I : 3,274.45 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,664,400.00 P & I AMT: 11,517.29 UPB AMT: 1,663,315.01 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 104 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031236490 MORTGAGORS: RODERICK MARILYN KNICELY C. REGION CODE ADDRESS : 196 SELBY LANE 01 CITY : ATHERTON STATE/ZIP : CA 94027 MORTGAGE AMOUNT : 810,000.00 OPTION TO CONVERT : UNPAID BALANCE : 809,428.31 ANNUAL RATE ADJUST: MONTHLY P&I : 5,802.94 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 015 LTV : 51.10400 ---------------------------------------------------------------- 0 0031236508 MORTGAGORS: MCCULLOUGH CHRISTOPHER MCCULLOUGH ARTEMIZA REGION CODE ADDRESS : 23708 CABRILLO AVENUE 01 CITY : TORRANCE STATE/ZIP : CA 90501 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,038.45 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031236524 MORTGAGORS: ROBINSON TRACEY ROBINSON LISA REGION CODE ADDRESS : 10915 EAST BAHIA DRIVE 01 CITY : SCOTTSDALE STATE/ZIP : AZ 85259 MORTGAGE AMOUNT : 337,662.00 OPTION TO CONVERT : UNPAID BALANCE : 337,411.40 ANNUAL RATE ADJUST: MONTHLY P&I : 2,360.99 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 89.99900 ---------------------------------------------------------------- 0 0031236532 MORTGAGORS: KU LIN -NA SHYAN TOM REGION CODE ADDRESS : 2538 S NEWCOMBE STREET 01 CITY : LAKEWOOD STATE/ZIP : CO 80227 MORTGAGE AMOUNT : 266,644.00 OPTION TO CONVERT : UNPAID BALANCE : 266,451.01 ANNUAL RATE ADJUST: MONTHLY P&I : 1,887.29 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031236540 MORTGAGORS: GEHRIN JACK GEHRIN SHARON REGION CODE ADDRESS : 2650 BRISTOW LANE 01 CITY : TUSTIN STATE/ZIP : CA 92782 MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT : UNPAID BALANCE : 332,733.70 ANNUAL RATE ADJUST: MONTHLY P&I : 2,243.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,035,306.00 P & I AMT: 14,333.16 UPB AMT: 2,034,024.42 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 105 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031236599 MORTGAGORS: BRAUN ROBERT BRAUN TAMMY REGION CODE ADDRESS : 3 BITTERWOOD 01 CITY : IRVINE STATE/ZIP : CA 92604 MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT : UNPAID BALANCE : 291,793.90 ANNUAL RATE ADJUST: MONTHLY P&I : 2,091.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 84.63700 ---------------------------------------------------------------- 0 0031237035 MORTGAGORS: HEWLETT THOMAS HEWLETT CAROL REGION CODE ADDRESS : 12085 SAN JOAQUIN AVENUE EXTENSION 01 CITY : CLEAR LAKE STATE/ZIP : CA 95422 MORTGAGE AMOUNT : 463,000.00 OPTION TO CONVERT : UNPAID BALANCE : 462,681.37 ANNUAL RATE ADJUST: MONTHLY P&I : 3,357.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 71.78200 ---------------------------------------------------------------- 0 0031237043 MORTGAGORS: BURNS ROBERT REGION CODE ADDRESS : 16000 45TH AVENUE N 01 CITY : PLYMOUTH STATE/ZIP : MN 55446 MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT : UNPAID BALANCE : 274,800.96 ANNUAL RATE ADJUST: MONTHLY P&I : 1,946.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 61.11100 ---------------------------------------------------------------- 0 0031237126 MORTGAGORS: SALOMON ROBERT REGION CODE ADDRESS : 26-2 COLUMBIA AVENUE 01 CITY : NEWTON STATE/ZIP : MA 02164 MORTGAGE AMOUNT : 218,000.00 OPTION TO CONVERT : UNPAID BALANCE : 218,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,468.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 69.20600 ---------------------------------------------------------------- 0 0031237134 MORTGAGORS: MURPHY GARY MURPHY SUSAN REGION CODE ADDRESS : 425 ARGOSY WAY 01 CITY : CASTLE ROCK STATE/ZIP : CO 80104 MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT : UNPAID BALANCE : 349,726.96 ANNUAL RATE ADJUST: MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 73.68400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,598,000.00 P & I AMT: 11,251.77 UPB AMT: 1,597,003.19 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 106 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031237266 MORTGAGORS: WAITE ROBERT WAITE GWENDOLYN REGION CODE ADDRESS : 6417 TURFWAY ROAD 01 CITY : MOORPARK STATE/ZIP : CA 93021 MORTGAGE AMOUNT : 258,500.00 OPTION TO CONVERT : UNPAID BALANCE : 258,312.90 ANNUAL RATE ADJUST: MONTHLY P&I : 1,829.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 45.75200 ---------------------------------------------------------------- 0 0031237282 MORTGAGORS: NESTOR MICHAEL NESTOR NANCY REGION CODE ADDRESS : 145 CRANBERRY DRIVE 01 CITY : HOPEWELL JUNCTION STATE/ZIP : NY 12533 MORTGAGE AMOUNT : 260,100.00 OPTION TO CONVERT : UNPAID BALANCE : 259,891.99 ANNUAL RATE ADJUST: MONTHLY P&I : 1,752.35 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031237357 MORTGAGORS: WILLIAMS MICHAEL WILLIAMS JODY REGION CODE ADDRESS : 3 HUNTERS RUN 01 CITY : OAKLAND STATE/ZIP : NJ 07436 MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT : UNPAID BALANCE : 254,600.95 ANNUAL RATE ADJUST: MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.40900 ---------------------------------------------------------------- 0 0031237423 MORTGAGORS: SHAPIRO RICHARD SHAPIRO MADONNA REGION CODE ADDRESS : 3322 SUMMIT POINTE DRIVE 01 CITY : TOPANGA STATE/ZIP : CA 90290 MORTGAGE AMOUNT : 370,000.00 OPTION TO CONVERT : UNPAID BALANCE : 369,725.40 ANNUAL RATE ADJUST: MONTHLY P&I : 2,587.10 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 67.27200 ---------------------------------------------------------------- 0 0031237449 MORTGAGORS: SAMMONS NINA REGION CODE ADDRESS : 54 DON JOSE LOOP 01 CITY : SANTA FE STATE/ZIP : NM 87505 MORTGAGE AMOUNT : 145,000.00 OPTION TO CONVERT : UNPAID BALANCE : 144,895.04 ANNUAL RATE ADJUST: MONTHLY P&I : 1,026.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 49.15200 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,288,600.00 P & I AMT: 8,934.96 UPB AMT: 1,287,426.28 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 107 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031237464 MORTGAGORS: CHAPPIE NANCY REGION CODE ADDRESS : 233 SOUTH HELIX AVENUE #13 01 CITY : SOLANA BEACH STATE/ZIP : CA 92075 MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT : UNPAID BALANCE : 339,753.92 ANNUAL RATE ADJUST: MONTHLY P&I : 2,406.50 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031237894 MORTGAGORS: ECONOMOU THANASIS ECONOMOU LOUISA REGION CODE ADDRESS : 4906 S. GREENWOOD 01 CITY : CHICAGO STATE/ZIP : IL 60637 MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT : UNPAID BALANCE : 504,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,524.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031238090 MORTGAGORS: GECHTMAN DAN GECHTMAN JODI REGION CODE ADDRESS : 4568 NAGLE AVENUE 01 CITY : SHERMAN OAKS AREA STATE/ZIP : CA 91423 MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT : UNPAID BALANCE : 295,769.08 ANNUAL RATE ADJUST: MONTHLY P&I : 2,019.25 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031238223 MORTGAGORS: REILLY DAVID GREALY ANTHONY REGION CODE ADDRESS : 770-772 TREAT AVENUE 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94110 MORTGAGE AMOUNT : 313,200.00 OPTION TO CONVERT : UNPAID BALANCE : 312,767.50 ANNUAL RATE ADJUST: MONTHLY P&I : 2,270.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 89.48500 ---------------------------------------------------------------- 0 0031238298 MORTGAGORS: CASHMORE KENNETH CASHMORE PATRICIA REGION CODE ADDRESS : 501 MCKENZIE COURT 01 CITY : LAKE VILLA STATE/ZIP : IL 60046 MORTGAGE AMOUNT : 278,100.00 OPTION TO CONVERT : UNPAID BALANCE : 277,893.61 ANNUAL RATE ADJUST: MONTHLY P&I : 1,944.52 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 94.67700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,731,300.00 P & I AMT: 12,165.24 UPB AMT: 1,730,184.11 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 108 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031238306 MORTGAGORS: YEAZEL MAUREEN YEAZEL GORDON REGION CODE ADDRESS : 186 ROSEMONT DRIVE 01 CITY : NORTH ANDOVER STATE/ZIP : MA 01845 MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT : UNPAID BALANCE : 241,806.48 ANNUAL RATE ADJUST: MONTHLY P&I : 1,630.40 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 53.77700 ---------------------------------------------------------------- 0 0031238355 MORTGAGORS: WARDER RICHARD WARDER M.DIANE REGION CODE ADDRESS : 6396 BLUE HERON COVE 01 CITY : MEMPHIS STATE/ZIP : TN 38120 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,125.97 ANNUAL RATE ADJUST: MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 59.25900 ---------------------------------------------------------------- 0 0031238389 MORTGAGORS: SACCO HENRY SACCO MARGARET REGION CODE ADDRESS : 675 BOULEVARD 01 CITY : WESTFIELD STATE/ZIP : NJ 07090 MORTGAGE AMOUNT : 346,500.00 OPTION TO CONVERT : UNPAID BALANCE : 346,215.97 ANNUAL RATE ADJUST: MONTHLY P&I : 2,305.28 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031238512 MORTGAGORS: GOODWIN WILLIAM GOODWIN VALERIE REGION CODE ADDRESS : 33256 JAMIE CIRCLE 01 CITY : FREMONT STATE/ZIP : CA 94555 MORTGAGE AMOUNT : 289,900.00 OPTION TO CONVERT : UNPAID BALANCE : 289,479.01 ANNUAL RATE ADJUST: MONTHLY P&I : 2,051.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 78.35100 ---------------------------------------------------------------- 0 0031238553 MORTGAGORS: HERMAN CARL HERMAN HARRIET REGION CODE ADDRESS : 206 BAYBERRY LANE 01 CITY : WATCHUNG STATE/ZIP : NJ 07060 MORTGAGE AMOUNT : 416,000.00 OPTION TO CONVERT : UNPAID BALANCE : 415,425.54 ANNUAL RATE ADJUST: MONTHLY P&I : 3,016.29 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,694,400.00 P & I AMT: 11,835.04 UPB AMT: 1,692,052.97 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 109 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031238587 MORTGAGORS: LANDAU STEVEN REGION CODE ADDRESS : 65 FALMOUTH STREET 01 CITY : MILLBURN STATE/ZIP : NJ 07078 MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT : UNPAID BALANCE : 339,275.41 ANNUAL RATE ADJUST: MONTHLY P&I : 2,435.81 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 59.64900 ---------------------------------------------------------------- 0 0031238645 MORTGAGORS: CALLOW MICHAEL CALLOW BONNIE REGION CODE ADDRESS : 1629 GLENWOOD AVENUE 01 CITY : UPLAND STATE/ZIP : CA 91784 MORTGAGE AMOUNT : 242,950.00 OPTION TO CONVERT : UNPAID BALANCE : 242,622.89 ANNUAL RATE ADJUST: MONTHLY P&I : 1,782.68 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 74.75300 ---------------------------------------------------------------- 0 0031238686 MORTGAGORS: DIRKIN ALAN DIRKIN AUDREY REGION CODE ADDRESS : 1131 HUGO REID DRIVE 01 CITY : ARCADIA STATE/ZIP : CA 91007 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 259,631.81 ANNUAL RATE ADJUST: MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031238728 MORTGAGORS: GOULD-SALTMAN RICHARD GOULD-SALTMAN DIANNA REGION CODE ADDRESS : 2262 PANORAMA TERRACE 01 CITY : LOS ANGELES STATE/ZIP : CA 90039 MORTGAGE AMOUNT : 391,200.00 OPTION TO CONVERT : UNPAID BALANCE : 390,617.53 ANNUAL RATE ADJUST: MONTHLY P&I : 2,735.33 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031238769 MORTGAGORS: WIPPICH DAVID WIPPICH SUSAN REGION CODE ADDRESS : 1143 CALBORO DRIVE 01 CITY : SAN JOSE STATE/ZIP : CA 95117 MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT : UNPAID BALANCE : 251,643.13 ANNUAL RATE ADJUST: MONTHLY P&I : 1,805.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,486,150.00 P & I AMT: 10,621.85 UPB AMT: 1,483,790.77 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 110 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031238777 MORTGAGORS: TOOHEY BRENNAN TOOHEY DEBORAH REGION CODE ADDRESS : 8235 GRANADA LANE 01 CITY : LOOMIS STATE/ZIP : CA 95650 MORTGAGE AMOUNT : 259,900.00 OPTION TO CONVERT : UNPAID BALANCE : 259,531.94 ANNUAL RATE ADJUST: MONTHLY P&I : 1,861.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 72.19400 ---------------------------------------------------------------- 0 0031238801 MORTGAGORS: FLEMING CASEY FLEMING SUSAN REGION CODE ADDRESS : 33432 DOSINIA DRIVE 01 CITY : DANA POINT STATE/ZIP : CA 92629 MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT : UNPAID BALANCE : 324,467.30 ANNUAL RATE ADJUST: MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.26800 ---------------------------------------------------------------- 0 0031238850 MORTGAGORS: ALMENDRAL DENNIS ALMENDRAL EVELYN REGION CODE ADDRESS : 155 VALLEYVIEW WAY 01 CITY : SOUTH SAN FRANCISCO STATE/ZIP : CA 94080 MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT : UNPAID BALANCE : 246,650.21 ANNUAL RATE ADJUST: MONTHLY P&I : 1,769.54 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 70.57100 ---------------------------------------------------------------- 0 0031238868 MORTGAGORS: MCDONALD DAVID REGION CODE ADDRESS : 3826 EAST KIKRWOOD AVENUE 01 CITY : ORANGE STATE/ZIP : CA 92869 MORTGAGE AMOUNT : 238,500.00 OPTION TO CONVERT : UNPAID BALANCE : 238,144.89 ANNUAL RATE ADJUST: MONTHLY P&I : 1,667.63 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031238900 MORTGAGORS: STEIN LEO STEIN S REGION CODE ADDRESS : 12702 CALIFA STREET 01 CITY : LOS ANGELES STATE/ZIP : CA 91607 MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT : UNPAID BALANCE : 149,787.58 ANNUAL RATE ADJUST: MONTHLY P&I : 1,074.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 69.76700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,220,400.00 P & I AMT: 8,702.09 UPB AMT: 1,218,581.92 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 111 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031238918 MORTGAGORS: TECCE MARC TECCE VICTORIA REGION CODE ADDRESS : 5 GREAT WOODS LANE 01 CITY : MALVERN STATE/ZIP : PA 19355 MORTGAGE AMOUNT : 428,800.00 OPTION TO CONVERT : UNPAID BALANCE : 428,481.77 ANNUAL RATE ADJUST: MONTHLY P&I : 2,998.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031238942 MORTGAGORS: ANDZELM JAN RADZIO-ANDZELM ELZBIETA REGION CODE ADDRESS : 12268 DARKWOOD ROAD 01 CITY : SAN DIEGO STATE/ZIP : CA 92129 MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT : UNPAID BALANCE : 254,815.43 ANNUAL RATE ADJUST: MONTHLY P&I : 1,804.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.68700 ---------------------------------------------------------------- 0 0031238967 MORTGAGORS: COLEMAN CURTIS LEBSACK ANN REGION CODE ADDRESS : 7412 WEST 80TH STREET 01 CITY : LOS ANGELES STATE/ZIP : CA 90045 MORTGAGE AMOUNT : 268,700.00 OPTION TO CONVERT : UNPAID BALANCE : 268,319.49 ANNUAL RATE ADJUST: MONTHLY P&I : 1,925.00 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.02900 ---------------------------------------------------------------- 0 0031238983 MORTGAGORS: MOST JOHN MOST DEBORAH REGION CODE ADDRESS : 2 CORFU 01 CITY : LAGUNA NIGUEL STATE/ZIP : CA 92677 MORTGAGE AMOUNT : 363,650.00 OPTION TO CONVERT : UNPAID BALANCE : 363,135.02 ANNUAL RATE ADJUST: MONTHLY P&I : 2,605.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 74.97900 ---------------------------------------------------------------- 0 0031239015 MORTGAGORS: SURIYAMONT MONTCHAI SURIYAMONT JOSEPHINE REGION CODE ADDRESS : 560 CHARDONNAY DRIVE 01 CITY : FREMONT STATE/ZIP : CA 94539 MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT : UNPAID BALANCE : 265,613.74 ANNUAL RATE ADJUST: MONTHLY P&I : 1,882.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 83.77900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,582,150.00 P & I AMT: 11,216.07 UPB AMT: 1,580,365.45 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 112 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031239080 MORTGAGORS: WICKES JAMES WICKES MICHELLE REGION CODE ADDRESS : 13426 BROKEN BRANCH COURT 01 CITY : CHANTILLY STATE/ZIP : VA 20151 MORTGAGE AMOUNT : 171,200.00 OPTION TO CONVERT : UNPAID BALANCE : 171,072.94 ANNUAL RATE ADJUST: MONTHLY P&I : 1,197.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031239155 MORTGAGORS: CUBIT JAMES CUBIT LAURIE REGION CODE ADDRESS : 1377 CALAMUS LANE 01 CITY : GRAYSLAKE STATE/ZIP : IL 60030 MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT : UNPAID BALANCE : 237,319.27 ANNUAL RATE ADJUST: MONTHLY P&I : 1,640.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 81.89600 ---------------------------------------------------------------- 0 0031239254 MORTGAGORS: CHIARTAS GREGORY CHIARTAS DENISE REGION CODE ADDRESS : 4600 KANAWHA AVE 01 CITY : CHARLESTON STATE/ZIP : WV 25304 MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT : UNPAID BALANCE : 500,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,410.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 52.63100 ---------------------------------------------------------------- 0 0031239338 MORTGAGORS: CARELLI VITTORIO CARELLI GRAZYNA REGION CODE ADDRESS : 1404 SUMMITRIDGE DRIVE 01 CITY : BEVERLY HILLS STATE/ZIP : CA 90210 MORTGAGE AMOUNT : 380,500.00 OPTION TO CONVERT : UNPAID BALANCE : 379,947.45 ANNUAL RATE ADJUST: MONTHLY P&I : 2,693.16 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 58.53840 ---------------------------------------------------------------- 0 0031239395 MORTGAGORS: NIEMEYER A. NIEMEYER JOANI REGION CODE ADDRESS : 1120 PENNS GRANT DRIVE 01 CITY : WEST CHESTER STATE/ZIP : PA 19382 MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT : UNPAID BALANCE : 359,697.56 ANNUAL RATE ADJUST: MONTHLY P&I : 2,364.94 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,649,200.00 P & I AMT: 11,306.40 UPB AMT: 1,648,037.22 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 113 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031239494 MORTGAGORS: WOLTERS GREGORY HUDSON DAVID REGION CODE ADDRESS : 1247 PASADENA AVENUE 01 CITY : ATLANTA STATE/ZIP : GA 30306 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 259,816.50 ANNUAL RATE ADJUST: MONTHLY P&I : 1,862.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 73.23900 ---------------------------------------------------------------- 0 0031239544 MORTGAGORS: PFLUGHAUPT RUSSELL LEACH JUDY REGION CODE ADDRESS : 5827 CHESTERFIELD COURT 01 CITY : SAN JOSE STATE/ZIP : CA 95138 MORTGAGE AMOUNT : 434,400.00 OPTION TO CONVERT : UNPAID BALANCE : 433,720.19 ANNUAL RATE ADJUST: MONTHLY P&I : 2,963.38 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031239585 MORTGAGORS: RICE GEORGE RICE NANCY REGION CODE ADDRESS : 1120 LOMA AVENUE 01 CITY : CORONADO STATE/ZIP : CA 92118 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,564.34 ANNUAL RATE ADJUST: MONTHLY P&I : 2,123.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 250 LTV : 38.46100 ---------------------------------------------------------------- 0 0031239676 MORTGAGORS: ETEMAD SHAHRIAR MAASOUMI KATHY REGION CODE ADDRESS : 341 SOUTH CLARK DRIVE 01 CITY : BEVERLY HILLS STATE/ZIP : CA 90211 MORTGAGE AMOUNT : 466,000.00 OPTION TO CONVERT : UNPAID BALANCE : 465,356.49 ANNUAL RATE ADJUST: MONTHLY P&I : 3,378.83 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 250 LTV : 79.65800 ---------------------------------------------------------------- 0 0031239783 MORTGAGORS: ORENSTEIN STEVEN ORENSTEIN JEAN REGION CODE ADDRESS : 12938 BLOOMFIELD STREET 01 CITY : STUDIO CITY STATE/ZIP : CA 91604 MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT : UNPAID BALANCE : 324,366.99 ANNUAL RATE ADJUST: MONTHLY P&I : 2,328.34 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 71.42850 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,785,400.00 P & I AMT: 12,656.61 UPB AMT: 1,782,824.51 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 114 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031239858 MORTGAGORS: KUHN JAMES REGION CODE ADDRESS : 4 WOODBRIDGE CIRCLE 01 CITY : EVANS STATE/ZIP : GA 30809 MORTGAGE AMOUNT : 281,600.00 OPTION TO CONVERT : UNPAID BALANCE : 281,380.32 ANNUAL RATE ADJUST: MONTHLY P&I : 1,921.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 75.09333 ---------------------------------------------------------------- 0 0031239874 MORTGAGORS: CORTE KANE CORTE ERICA REGION CODE ADDRESS : 414 ARDOYNE DRIVE 01 CITY : HOUMA STATE/ZIP : LA 70360 MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT : UNPAID BALANCE : 251,803.41 ANNUAL RATE ADJUST: MONTHLY P&I : 1,719.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031240047 MORTGAGORS: JUSTICE CINDY REGION CODE ADDRESS : 639 INDIAN RIVER DRIVE 01 CITY : MELBOURNE STATE/ZIP : FL 32935 MORTGAGE AMOUNT : 318,750.00 OPTION TO CONVERT : UNPAID BALANCE : 318,513.44 ANNUAL RATE ADJUST: MONTHLY P&I : 2,228.75 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031240062 MORTGAGORS: CONDIT CHRISTOPHER CONDIT HELEN REGION CODE ADDRESS : 736 S. LOS ROBLES 01 CITY : PASADENA STATE/ZIP : CA 91106 MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT : UNPAID BALANCE : 253,276.34 ANNUAL RATE ADJUST: MONTHLY P&I : 1,623.19 OUTSIDE CONV DATE : LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.62500 PRODUCT CODE : 002 LTV : 76.81800 ---------------------------------------------------------------- 0 0031240088 MORTGAGORS: ZAGON BRIAN ZAGON KIMBERLY REGION CODE ADDRESS : 125 ARBOLADO DRIVE 01 CITY : WALNUT CREEK STATE/ZIP : CA 94598 MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT : UNPAID BALANCE : 295,757.37 ANNUAL RATE ADJUST: MONTHLY P&I : 1,969.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,401,850.00 P & I AMT: 9,461.34 UPB AMT: 1,400,730.88 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 115 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031240179 MORTGAGORS: DUBOIS CHARLES DUBOIS JULIA REGION CODE ADDRESS : 2403 CHRIS WOOD COURT 01 CITY : OAKTON STATE/ZIP : VA 22124 MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT : UNPAID BALANCE : 384,692.12 ANNUAL RATE ADJUST: MONTHLY P&I : 2,593.82 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 60.15600 ---------------------------------------------------------------- 0 0031240302 MORTGAGORS: ZASLAV VICTOR REGION CODE ADDRESS : 2900 DELL AVENUE 01 CITY : LOS ANGELES STATE/ZIP : CA 90291 MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT : UNPAID BALANCE : 236,815.12 ANNUAL RATE ADJUST: MONTHLY P&I : 1,616.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 72.92300 ---------------------------------------------------------------- 0 0031240336 MORTGAGORS: WHELAN GEOFFREY NEARY ELIZABETH REGION CODE ADDRESS : 173 RIVERSIDE DRIVE APT 3 A 01 CITY : NEW YORK STATE/ZIP : NY 10024 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 42.85700 ---------------------------------------------------------------- 0 0031240559 MORTGAGORS: KENNEDY SHELDON KENNEDY SHAWN REGION CODE ADDRESS : 1301 14TH STREET NORTHWEST 01 CITY : CANTON STATE/ZIP : OH 44703 MORTGAGE AMOUNT : 64,600.00 OPTION TO CONVERT : UNPAID BALANCE : 64,600.00 ANNUAL RATE ADJUST: MONTHLY P&I : 508.21 OUTSIDE CONV DATE : LIFETIME RATE : 8.75000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 8.75000 PRODUCT CODE : 250 LTV : 95.00000 ---------------------------------------------------------------- 0 0031240708 MORTGAGORS: BARNETT WILLIAM BARNETT GWEN REGION CODE ADDRESS : 11250 BETLEN DRIVE 01 CITY : DUBLIN STATE/ZIP : CA 94568 MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT : UNPAID BALANCE : 282,805.24 ANNUAL RATE ADJUST: MONTHLY P&I : 2,051.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 79.71800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,269,600.00 P & I AMT: 8,842.77 UPB AMT: 1,268,912.48 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 116 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031240856 MORTGAGORS: BENOWITZ ALLAN BENOWITZ VALERIE REGION CODE ADDRESS : 21 MISTY LANE 01 CITY : WESTFORD STATE/ZIP : MA 01886 MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT : UNPAID BALANCE : 233,733.26 ANNUAL RATE ADJUST: MONTHLY P&I : 1,729.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/23 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 72.00000 ---------------------------------------------------------------- 0 0031240971 MORTGAGORS: SCHNEIDER MARLON SARFF LESLIE REGION CODE ADDRESS : 2614 31ST STREET 01 CITY : SANTA MONICA STATE/ZIP : CA 90405 MORTGAGE AMOUNT : 431,000.00 OPTION TO CONVERT : UNPAID BALANCE : 430,695.80 ANNUAL RATE ADJUST: MONTHLY P&I : 3,087.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.08200 ---------------------------------------------------------------- 0 0031241144 MORTGAGORS: LUTTER ALFRED REGION CODE ADDRESS : 1098 STONEBRIDGE CIRCLE 01 CITY : PARK CITY STATE/ZIP : UT 84060 MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT : UNPAID BALANCE : 263,799.11 ANNUAL RATE ADJUST: MONTHLY P&I : 1,823.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 68.04100 ---------------------------------------------------------------- 0 0031241201 MORTGAGORS: MASEKER TIMOTHY LYNCH KATHLEEN REGION CODE ADDRESS : 23 DOGWOOD DRIVE 01 CITY : MADISON STATE/ZIP : NJ 07940 MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT : UNPAID BALANCE : 269,597.99 ANNUAL RATE ADJUST: MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 78.26000 ---------------------------------------------------------------- 0 0031241326 MORTGAGORS: BUDD MACDONALD REGION CODE ADDRESS : 139 RIDGE ACRES 01 CITY : DARIEN STATE/ZIP : CT 06820 MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT : UNPAID BALANCE : 800,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 5,593.72 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 015 LTV : 47.76119 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,999,000.00 P & I AMT: 14,121.97 UPB AMT: 1,997,826.16 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 117 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031241375 MORTGAGORS: SENFT JOHN SENFT DIANE REGION CODE ADDRESS : 26089 E PHILLIPS PLACE 01 CITY : AURORA STATE/ZIP : CO 80016 MORTGAGE AMOUNT : 246,560.00 OPTION TO CONVERT : UNPAID BALANCE : 246,372.39 ANNUAL RATE ADJUST: MONTHLY P&I : 1,702.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 66.81800 ---------------------------------------------------------------- 0 0031241425 MORTGAGORS: SANCHEZ HECTOR SANCHEZ ROSARIO REGION CODE ADDRESS : 185 WOODCLIFF BLVD 01 CITY : MORGANVILLE STATE/ZIP : NJ 07751 MORTGAGE AMOUNT : 249,350.00 OPTION TO CONVERT : UNPAID BALANCE : 249,160.26 ANNUAL RATE ADJUST: MONTHLY P&I : 1,722.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.59200 ---------------------------------------------------------------- 0 0031241482 MORTGAGORS: LEHRER JOEL LEHRER ELIZABETH REGION CODE ADDRESS : 39 WHITNEY ROAD 01 CITY : NEWTON STATE/ZIP : MA 02160 MORTGAGE AMOUNT : 363,500.00 OPTION TO CONVERT : UNPAID BALANCE : 363,500.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,541.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.89000 ---------------------------------------------------------------- 0 0031241540 MORTGAGORS: WEIGL ANDREW WEIGL BONNIE REGION CODE ADDRESS : 7 WENTWORTH DRIVE 01 CITY : SOUTHBOROUGH STATE/ZIP : MA 01772 MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT : UNPAID BALANCE : 270,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,796.32 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 60.00000 ---------------------------------------------------------------- 0 0031241557 MORTGAGORS: HENDERSON RICHARD HENDERSON BARBARA REGION CODE ADDRESS : 3103 FLEECE FLOWER COVE 01 CITY : AUSTIN STATE/ZIP : TX 78735 MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT : UNPAID BALANCE : 319,750.36 ANNUAL RATE ADJUST: MONTHLY P&I : 2,182.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,449,410.00 P & I AMT: 9,946.06 UPB AMT: 1,448,783.01 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 118 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031241714 MORTGAGORS: SIMECKA JAY SIMECKA KATHRYN REGION CODE ADDRESS : 5355 CALLE SONORA 01 CITY : YORBA LINDA STATE/ZIP : CA 92887 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,800.08 ANNUAL RATE ADJUST: MONTHLY P&I : 1,684.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 75.75700 ---------------------------------------------------------------- 0 0031241862 MORTGAGORS: KLOPFENSTEIN SHELLEY KLOPFENSTEIN RONALD REGION CODE ADDRESS : 756 EAST FOX MEADOW DRIVE 01 CITY : DRAPER STATE/ZIP : UT 84020 MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT : UNPAID BALANCE : 265,282.37 ANNUAL RATE ADJUST: MONTHLY P&I : 1,766.38 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031242035 MORTGAGORS: FUTRAL MICHAEL REGION CODE ADDRESS : 2 TENTH TERRACE 01 CITY : TYBEE ISLAND STATE/ZIP : GA 31328 MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT : UNPAID BALANCE : 363,184.50 ANNUAL RATE ADJUST: MONTHLY P&I : 2,545.14 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031242076 MORTGAGORS: MITCHELL EDWARD MITCHELL CHERYL REGION CODE ADDRESS : 2531 EAGLE RUN DRIVE 01 CITY : WESTON STATE/ZIP : FL 33327 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 257,586.56 ANNUAL RATE ADJUST: MONTHLY P&I : 2,074.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 10/01/17 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 74.37773 ---------------------------------------------------------------- 0 0031242332 MORTGAGORS: SHAPIRO DAVID BRIER TINA REGION CODE ADDRESS : 1218 RIMER DRIVE 01 CITY : MORAGA STATE/ZIP : CA 94556 MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT : UNPAID BALANCE : 294,791.79 ANNUAL RATE ADJUST: MONTHLY P&I : 2,113.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 64.76300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,434,500.00 P & I AMT: 10,183.95 UPB AMT: 1,430,645.30 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 119 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031242480 MORTGAGORS: MCKIBBIN BRENDAN MCKIBBIN SUSAN REGION CODE ADDRESS : 32 HAMILTON HILL ROAD 01 CITY : MIDDLETOWN STATE/ZIP : NJ 07738 MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT : UNPAID BALANCE : 286,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,098.57 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 89.37500 ---------------------------------------------------------------- 0 0031242514 MORTGAGORS: WALRATH CHRISTOPHER WALRATH NANCY REGION CODE ADDRESS : 48 BUTTONWOOD DRIVE 01 CITY : FAIR HAVEN STATE/ZIP : NJ 07704 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,416.78 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/18 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 77.31900 ---------------------------------------------------------------- 0 0031242803 MORTGAGORS: SOGHIKIAN MAIDA REGION CODE ADDRESS : 920 SANTA ESTELLA 01 CITY : SOLANA BEACH STATE/ZIP : CA 92075 MORTGAGE AMOUNT : 335,200.00 OPTION TO CONVERT : UNPAID BALANCE : 334,925.23 ANNUAL RATE ADJUST: MONTHLY P&I : 2,230.10 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031242894 MORTGAGORS: SHARIFI ALI REGION CODE ADDRESS : 1572 TOWER GROVE DRIVE 01 CITY : LOS ANGELES STATE/ZIP : CA 90210 MORTGAGE AMOUNT : 543,750.00 OPTION TO CONVERT : UNPAID BALANCE : 543,336.25 ANNUAL RATE ADJUST: MONTHLY P&I : 3,755.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 250 LTV : 75.00000 ---------------------------------------------------------------- 0 0031243017 MORTGAGORS: HALL STEVEN HALL ROCHELLE REGION CODE ADDRESS : 978 ROCK CANYON CIRCLE 01 CITY : SAN JOSE STATE/ZIP : CA 95127 MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT : UNPAID BALANCE : 335,731.31 ANNUAL RATE ADJUST: MONTHLY P&I : 2,263.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,800,950.00 P & I AMT: 12,764.69 UPB AMT: 1,799,992.79 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 120 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031243025 MORTGAGORS: RUSSO GEORGE RUSSO MARIA REGION CODE ADDRESS : 2 FOX HOLLOW WAY 01 CITY : GREEN TWP STATE/ZIP : NJ 07821 MORTGAGE AMOUNT : 250,650.00 OPTION TO CONVERT : UNPAID BALANCE : 250,650.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,795.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031243074 MORTGAGORS: BRESLER MARTIN REGION CODE ADDRESS : 1523 W. BARRY 01 CITY : CHICAGO STATE/ZIP : IL 60657 MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT : UNPAID BALANCE : 328,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,265.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 59.63600 ---------------------------------------------------------------- 0 0031243090 MORTGAGORS: PATTON CHARLES REGION CODE ADDRESS : 200 HARBOR DRIVE # 2101 01 CITY : SAN DIEGO STATE/ZIP : CA 92101 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST: MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 56.52100 ---------------------------------------------------------------- 0 0031243108 MORTGAGORS: MITILENES GEORGE MITILENES ROBIN REGION CODE ADDRESS : 107 CANOE BROOK LANE 01 CITY : FAR HILLS STATE/ZIP : NJ 07931 MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT : UNPAID BALANCE : 439,689.45 ANNUAL RATE ADJUST: MONTHLY P&I : 3,152.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 64.86800 ---------------------------------------------------------------- 0 0031243124 MORTGAGORS: WONG LESLIE WONG YVONNE REGION CODE ADDRESS : 7869 FOOTHILL KNOLLS DRIVE 01 CITY : PLEASANTON STATE/ZIP : CA 94588 MORTGAGE AMOUNT : 353,000.00 OPTION TO CONVERT : UNPAID BALANCE : 352,738.02 ANNUAL RATE ADJUST: MONTHLY P&I : 2,468.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 64.18100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,631,650.00 P & I AMT: 11,499.52 UPB AMT: 1,630,884.51 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 121 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031243132 MORTGAGORS: GRANT STEVEN GRANT SHARI REGION CODE ADDRESS : 45 LAFAYETTE MILLS ROAD 01 CITY : MANALAPAN STATE/ZIP : NJ 07726 MORTGAGE AMOUNT : 265,600.00 OPTION TO CONVERT : UNPAID BALANCE : 265,382.28 ANNUAL RATE ADJUST: MONTHLY P&I : 1,767.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031243165 MORTGAGORS: HUMPHRIES JOHN BENJAMIN ANN REGION CODE ADDRESS : 13611 LEXHAM GARDENS AVENUE 01 CITY : BATON ROUGE STATE/ZIP : LA 70810 MORTGAGE AMOUNT : 259,600.00 OPTION TO CONVERT : UNPAID BALANCE : 259,397.49 ANNUAL RATE ADJUST: MONTHLY P&I : 1,770.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031243330 MORTGAGORS: PALMER THOMAS PALMER SUSAN REGION CODE ADDRESS : 3150 WESTON PLACE 01 CITY : ATLANTA STATE/ZIP : GA 30327 MORTGAGE AMOUNT : 316,400.00 OPTION TO CONVERT : UNPAID BALANCE : 316,165.18 ANNUAL RATE ADJUST: MONTHLY P&I : 2,212.32 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 74.99400 ---------------------------------------------------------------- 0 0031243355 MORTGAGORS: MIRA HIPOLITO MIRA PRISCILLA REGION CODE ADDRESS : 850 CALLE HIGUERA 01 CITY : CAMARILLO STATE/ZIP : CA 93010 MORTGAGE AMOUNT : 238,200.00 OPTION TO CONVERT : UNPAID BALANCE : 237,676.69 ANNUAL RATE ADJUST: MONTHLY P&I : 1,799.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/23 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 76.83800 ---------------------------------------------------------------- 0 0031243371 MORTGAGORS: SULLIVAN JOHN SULLIVAN MARY REGION CODE ADDRESS : 11 GROUSE LANE 01 CITY : BRIDGEHAMPTON STATE/ZIP : NY 11932 MORTGAGE AMOUNT : 461,250.00 OPTION TO CONVERT : UNPAID BALANCE : 460,916.16 ANNUAL RATE ADJUST: MONTHLY P&I : 3,264.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,541,050.00 P & I AMT: 10,814.19 UPB AMT: 1,539,537.80 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 122 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031243462 MORTGAGORS: MUILENBURG ROBERT MUILENBURG MELISSA REGION CODE ADDRESS : 46 TOWER HILL ROAD 01 CITY : MOUNTAIN LAKES STATE/ZIP : NJ 07406 MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT : UNPAID BALANCE : 263,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,794.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 78.27300 ---------------------------------------------------------------- 0 0031243660 MORTGAGORS: SIMS JOE SIMS ROBIN REGION CODE ADDRESS : 32 ALEXANDER STREET 01 CITY : ALEXANDRIA STATE/ZIP : VA 22314 MORTGAGE AMOUNT : 509,600.00 OPTION TO CONVERT : UNPAID BALANCE : 509,202.47 ANNUAL RATE ADJUST: MONTHLY P&I : 3,476.37 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99300 ---------------------------------------------------------------- 0 0031243710 MORTGAGORS: SPEIDEL ROBERT REGION CODE ADDRESS : 320 S. FAYETTE STREET 01 CITY : ALEXANDRIA STATE/ZIP : VA 22314 MORTGAGE AMOUNT : 250,600.00 OPTION TO CONVERT : UNPAID BALANCE : 250,409.31 ANNUAL RATE ADJUST: MONTHLY P&I : 1,730.83 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.99300 ---------------------------------------------------------------- 0 0031243850 MORTGAGORS: AHUJA BHUPENDRA REGION CODE ADDRESS : 393 PAGOSA WAY 01 CITY : FREMONT STATE/ZIP : CA 94539 MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT : UNPAID BALANCE : 271,803.13 ANNUAL RATE ADJUST: MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 64.76100 ---------------------------------------------------------------- 0 0031243900 MORTGAGORS: MASON JAMES MASON JENNIFER REGION CODE ADDRESS : 5409-11 BENTON AVENUE 01 CITY : EDINA STATE/ZIP : MN 55436 MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT : UNPAID BALANCE : 311,750.49 ANNUAL RATE ADJUST: MONTHLY P&I : 2,102.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,607,200.00 P & I AMT: 11,028.53 UPB AMT: 1,606,165.40 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 123 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031243926 MORTGAGORS: LAMARCHE MATTHEW REGION CODE ADDRESS : 550 MAGNOLIA BAY 01 CITY : COROLLA STATE/ZIP : NC 27927 MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT : UNPAID BALANCE : 273,600.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,889.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 89.18600 ---------------------------------------------------------------- 0 0031244130 MORTGAGORS: COUCH GREGORY COUCH DAWN REGION CODE ADDRESS : 2928 BELLERIVE DRIVE 01 CITY : PLANO STATE/ZIP : TX 75025 MORTGAGE AMOUNT : 159,500.00 OPTION TO CONVERT : UNPAID BALANCE : 159,362.67 ANNUAL RATE ADJUST: MONTHLY P&I : 1,034.52 OUTSIDE CONV DATE : LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.75000 PRODUCT CODE : 002 LTV : 79.97600 ---------------------------------------------------------------- 0 0031244148 MORTGAGORS: CAPPELLO ANDREW REGION CODE ADDRESS : 153 PATERO DE ORO 01 CITY : SAN CLEMENTE STATE/ZIP : CA 92672 MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT : UNPAID BALANCE : 232,581.54 ANNUAL RATE ADJUST: MONTHLY P&I : 1,647.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031244155 MORTGAGORS: DZIURZYNSKI BOGDAN DZIURZYNSKI LEA REGION CODE ADDRESS : 15600 COPPERFIELD LANE 01 CITY : GERMANTOWN STATE/ZIP : MD 20874 MORTGAGE AMOUNT : 349,600.00 OPTION TO CONVERT : UNPAID BALANCE : 349,340.54 ANNUAL RATE ADJUST: MONTHLY P&I : 2,444.46 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031244270 MORTGAGORS: ROSEN STEPHEN ROSEN ELIZABETH REGION CODE ADDRESS : 4 WESTWOOD ROAD 01 CITY : WELLESLEY STATE/ZIP : MA 02181 MORTGAGE AMOUNT : 430,000.00 OPTION TO CONVERT : UNPAID BALANCE : 429,680.88 ANNUAL RATE ADJUST: MONTHLY P&I : 3,006.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 69.91800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,445,450.00 P & I AMT: 10,022.68 UPB AMT: 1,444,565.63 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 124 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031244338 MORTGAGORS: KRAUS DAVID PARKINSON KENNETH REGION CODE ADDRESS : 2609 HIBISCUS PLACE 01 CITY : FT. LAUDERDALE STATE/ZIP : FL 33301 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST: MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 65.00000 ---------------------------------------------------------------- 0 0031244387 MORTGAGORS: WARD ROBERT REGION CODE ADDRESS : 5121 BIRCHWOOD 01 CITY : SKOKIE STATE/ZIP : IL 60076 MORTGAGE AMOUNT : 137,700.00 OPTION TO CONVERT : UNPAID BALANCE : 137,700.00 ANNUAL RATE ADJUST: MONTHLY P&I : 916.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031244411 MORTGAGORS: LAUKKANEN JAMES LAUKKANEN PAMELA REGION CODE ADDRESS : 839 LINCOLN STREET, 01 CITY : EVANSTON, STATE/ZIP : IL 60201 MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT : UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,875.98 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 61.11100 ---------------------------------------------------------------- 0 0031244437 MORTGAGORS: DOYLE WILLARD MULLIN SUSAN REGION CODE ADDRESS : 1853 NORTH FREEMONT STREET 01 CITY : CHICAGO STATE/ZIP : IL 60614 MORTGAGE AMOUNT : 202,500.00 OPTION TO CONVERT : UNPAID BALANCE : 202,500.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,347.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 27.73900 ---------------------------------------------------------------- 0 0031244460 MORTGAGORS: PAGANO R. REGION CODE ADDRESS : 2115 3RD STREET #408 01 CITY : SANTA MONICA STATE/ZIP : CA 90405 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,793.54 ANNUAL RATE ADJUST: MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 65.21700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,175,200.00 P & I AMT: 8,132.51 UPB AMT: 1,174,800.58 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 125 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031244478 MORTGAGORS: ROSENTHAL DAVID REGION CODE ADDRESS : 2716 BLACKHAWK ROAD 01 CITY : WILMETTE STATE/ZIP : IL 60091 MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT : UNPAID BALANCE : 649,505.40 ANNUAL RATE ADJUST: MONTHLY P&I : 4,489.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 44.82700 ---------------------------------------------------------------- 0 0031244502 MORTGAGORS: FRISKE DOUGLAS SPILLMAN-FRISKE KRISTYN REGION CODE ADDRESS : 2017 HIGHLAND AVENUE 01 CITY : WILMETTE STATE/ZIP : IL 60091 MORTGAGE AMOUNT : 379,500.00 OPTION TO CONVERT : UNPAID BALANCE : 378,890.22 ANNUAL RATE ADJUST: MONTHLY P&I : 2,621.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.06200 ---------------------------------------------------------------- 0 0031244528 MORTGAGORS: HOOVER TONY HOOVER ALICIA REGION CODE ADDRESS : 31301 VIA DEL VERDE 01 CITY : SAN JUAN CAPISTRANO STATE/ZIP : CA 92675 MORTGAGE AMOUNT : 335,800.00 OPTION TO CONVERT : UNPAID BALANCE : 335,538.04 ANNUAL RATE ADJUST: MONTHLY P&I : 2,290.75 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.97900 ---------------------------------------------------------------- 0 0031244726 MORTGAGORS: FALVEY MICHAEL MCINERNEY-FALVEY MEGAN REGION CODE ADDRESS : 36 YORK ROAD 01 CITY : WAYLAND STATE/ZIP : MA 01778 MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT : UNPAID BALANCE : 474,656.21 ANNUAL RATE ADJUST: MONTHLY P&I : 3,362.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 73.07600 ---------------------------------------------------------------- 0 0031244817 MORTGAGORS: BHADE VILAS BHADE SUREKHA REGION CODE ADDRESS : 4 LISA LANE 01 CITY : ACTON STATE/ZIP : MA 01720 MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT : UNPAID BALANCE : 274,790.75 ANNUAL RATE ADJUST: MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 74.00400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,115,300.00 P & I AMT: 14,662.63 UPB AMT: 2,113,380.62 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 126 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031244833 MORTGAGORS: GRADE GLEN GRADE DIANE REGION CODE ADDRESS : 2021 SHERER LANE 01 CITY : GLENDALE STATE/ZIP : CA 91208 MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT : UNPAID BALANCE : 268,619.05 ANNUAL RATE ADJUST: MONTHLY P&I : 1,927.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 76.85700 ---------------------------------------------------------------- 0 0031244841 MORTGAGORS: MAGNAN RICHARD MAGNAN GWENDOLYN REGION CODE ADDRESS : 43 WILLOW ROAD 01 CITY : WELLESLEY STATE/ZIP : MA 02181 MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT : UNPAID BALANCE : 238,827.02 ANNUAL RATE ADJUST: MONTHLY P&I : 1,691.63 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 73.53800 ---------------------------------------------------------------- 0 0031244932 MORTGAGORS: RODIN SCOTT RODIN NANCY REGION CODE ADDRESS : 31 OAK STREET 01 CITY : TENAFLY STATE/ZIP : NJ 07670 MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT : UNPAID BALANCE : 261,805.56 ANNUAL RATE ADJUST: MONTHLY P&I : 1,831.94 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031244957 MORTGAGORS: SIGMAN DAVID SIGMAN ROBIN REGION CODE ADDRESS : 48 REID AVENUE 01 CITY : PORT WASHINGTON STATE/ZIP : NY 11050 MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT : UNPAID BALANCE : 499,590.16 ANNUAL RATE ADJUST: MONTHLY P&I : 3,326.51 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 67.29475 ---------------------------------------------------------------- 0 0031244973 MORTGAGORS: KAPLAN RONALD MAYOR JUNE REGION CODE ADDRESS : 615 TOURAINE TERRACE 01 CITY : NORTHBROOK STATE/ZIP : IL 60062 MORTGAGE AMOUNT : 440,150.00 OPTION TO CONVERT : UNPAID BALANCE : 439,815.08 ANNUAL RATE ADJUST: MONTHLY P&I : 3,040.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.30600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,710,150.00 P & I AMT: 11,817.24 UPB AMT: 1,708,656.87 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 127 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031245046 MORTGAGORS: MCMAHON MICHAEL MCMAHON ANISSA REGION CODE ADDRESS : 7 WILTON HILLS 01 CITY : WILTON STATE/ZIP : CT 06897 MORTGAGE AMOUNT : 382,000.00 OPTION TO CONVERT : UNPAID BALANCE : 381,716.50 ANNUAL RATE ADJUST: MONTHLY P&I : 2,671.00 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031245111 MORTGAGORS: MERCK THOMAS MERCK NANCY REGION CODE ADDRESS : 320 KENSINGTON DRIVE 01 CITY : RIDGEWOOD STATE/ZIP : NJ 07450 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,603.47 ANNUAL RATE ADJUST: MONTHLY P&I : 2,005.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031245152 MORTGAGORS: MILLER JONATHAN MILLER JAN REGION CODE ADDRESS : 18 OLD STABLE ROAD 01 CITY : DEMAREST STATE/ZIP : NJ 07627 MORTGAGE AMOUNT : 490,000.00 OPTION TO CONVERT : UNPAID BALANCE : 489,636.34 ANNUAL RATE ADJUST: MONTHLY P&I : 3,426.16 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.80400 ---------------------------------------------------------------- 0 0031245426 MORTGAGORS: WONG THOMAS WONG ALICE REGION CODE ADDRESS : 933 HIGH COUNTRY DRIVE 01 CITY : GLENDORA STATE/ZIP : CA 91740 MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT : UNPAID BALANCE : 417,408.04 ANNUAL RATE ADJUST: MONTHLY P&I : 2,994.61 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.77000 ---------------------------------------------------------------- 0 0031245467 MORTGAGORS: VON KUHN PHILIP REGION CODE ADDRESS : 41 MEAD RIDGE RD 01 CITY : RIDGEFIELD STATE/ZIP : CT 06877 MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT : UNPAID BALANCE : 285,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,968.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 70.37000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,855,000.00 P & I AMT: 13,066.16 UPB AMT: 1,853,364.35 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 128 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031245624 MORTGAGORS: STANFORD DAVID REGION CODE ADDRESS : 7043 MIDCREST DRIVE 01 CITY : DALLAS STATE/ZIP : TX 75240 MORTGAGE AMOUNT : 271,600.00 OPTION TO CONVERT : UNPAID BALANCE : 271,398.43 ANNUAL RATE ADJUST: MONTHLY P&I : 1,899.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031245780 MORTGAGORS: YADAV RAJIV YADAV NANCY REGION CODE ADDRESS : 1312 GATES PLACE 01 CITY : SOUTH PASADENA STATE/ZIP : CA 91030 MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT : UNPAID BALANCE : 284,596.40 ANNUAL RATE ADJUST: MONTHLY P&I : 2,041.78 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 67.69500 ---------------------------------------------------------------- 0 0031245905 MORTGAGORS: SWART MICHAEL SWART DIANE REGION CODE ADDRESS : 1909 TRILLIUM COVE 01 CITY : AUSTIN STATE/ZIP : TX 78733 MORTGAGE AMOUNT : 307,700.00 OPTION TO CONVERT : UNPAID BALANCE : 307,435.07 ANNUAL RATE ADJUST: MONTHLY P&I : 1,995.74 OUTSIDE CONV DATE : LIFETIME RATE : 6.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.75000 PRODUCT CODE : 002 LTV : 79.99300 ---------------------------------------------------------------- 0 0031245913 MORTGAGORS: WALKER CHARLES WALKER ANNETTE REGION CODE ADDRESS : 23291 VIA PARDAL 01 CITY : COTO DE CAZA STATE/ZIP : CA 92769 MORTGAGE AMOUNT : 413,000.00 OPTION TO CONVERT : UNPAID BALANCE : 412,708.50 ANNUAL RATE ADJUST: MONTHLY P&I : 2,958.79 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 75.91900 ---------------------------------------------------------------- 0 0031245947 MORTGAGORS: CAVANAUGH DAVID CAVANAUGH FRANCES REGION CODE ADDRESS : 3304 DEL CHARRO ROAD 01 CITY : JAMAL STATE/ZIP : CA 91935 MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT : UNPAID BALANCE : 251,206.72 ANNUAL RATE ADJUST: MONTHLY P&I : 1,825.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,529,050.00 P & I AMT: 10,720.74 UPB AMT: 1,527,345.12 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 129 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031246069 MORTGAGORS: WINSOR CURTIN REGION CODE ADDRESS : 2103 "O" STREET NW 01 CITY : WASHINGTON STATE/ZIP : DC 20037 MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT : UNPAID BALANCE : 383,482.96 ANNUAL RATE ADJUST: MONTHLY P&I : 2,817.66 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031246184 MORTGAGORS: SMITH GREGG SMITH DORIS REGION CODE ADDRESS : 320 OAK HILL COURT 01 CITY : ALPHARETTA STATE/ZIP : GA 30004 MORTGAGE AMOUNT : 309,050.00 OPTION TO CONVERT : UNPAID BALANCE : 308,808.91 ANNUAL RATE ADJUST: MONTHLY P&I : 2,108.27 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99100 ---------------------------------------------------------------- 0 0031246226 MORTGAGORS: MACHANIC BRUCE MACHANIC SUSAN REGION CODE ADDRESS : 6412 WOOD HAVEN ROAD 01 CITY : ALEXANDRIA STATE/ZIP : VA 22307 MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT : UNPAID BALANCE : 272,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031246234 MORTGAGORS: KAISH HOWARD REGION CODE ADDRESS : 6479 ZUMA VIEW PLACE #112 01 CITY : MALIBU STATE/ZIP : CA 90265 MORTGAGE AMOUNT : 282,600.00 OPTION TO CONVERT : UNPAID BALANCE : 282,395.47 ANNUAL RATE ADJUST: MONTHLY P&I : 2,000.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 61.43478 ---------------------------------------------------------------- 0 0031246267 MORTGAGORS: ILIYA ILYAS REGION CODE ADDRESS : 441 LIBERTY STREET 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94114 MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT : UNPAID BALANCE : 503,625.96 ANNUAL RATE ADJUST: MONTHLY P&I : 3,524.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,751,650.00 P & I AMT: 12,328.83 UPB AMT: 1,750,313.30 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 130 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031246275 MORTGAGORS: PAN LESTER LI YING REGION CODE ADDRESS : 1513 CHALUPA PLACE 01 CITY : DAVIS STATE/ZIP : CA 95616 MORTGAGE AMOUNT : 382,500.00 OPTION TO CONVERT : UNPAID BALANCE : 381,984.99 ANNUAL RATE ADJUST: MONTHLY P&I : 2,806.65 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 74.27100 ---------------------------------------------------------------- 0 0031246309 MORTGAGORS: STACY JOSEPH STACY JANIS REGION CODE ADDRESS : 4 HIGHFIELD LN 01 CITY : COLTS NECK STATE/ZIP : NJ 07722 MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT : UNPAID BALANCE : 254,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,819.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.37500 ---------------------------------------------------------------- 0 0031246341 MORTGAGORS: MOORE ROBERT MOORE DELLA REGION CODE ADDRESS : 10215 MANTOVA COURT 01 CITY : SACRAMENTO STATE/ZIP : CA 95829 MORTGAGE AMOUNT : 248,900.00 OPTION TO CONVERT : UNPAID BALANCE : 248,564.85 ANNUAL RATE ADJUST: MONTHLY P&I : 1,826.35 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 76.58400 ---------------------------------------------------------------- 0 0031246366 MORTGAGORS: FEMENIA PEDRO FEMENIA CAROL REGION CODE ADDRESS : 44 VALLEY ROAD 01 CITY : MILL VALLEY STATE/ZIP : CA 94941 MORTGAGE AMOUNT : 327,000.00 OPTION TO CONVERT : UNPAID BALANCE : 326,544.39 ANNUAL RATE ADJUST: MONTHLY P&I : 2,370.98 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 44.18900 ---------------------------------------------------------------- 0 0031246507 MORTGAGORS: SENDZIK NESTOR SENDZIK NILA REGION CODE ADDRESS : STONEY HILL ROAD 01 CITY : SOLEBURY STATE/ZIP : PA 18938 MORTGAGE AMOUNT : 885,000.00 OPTION TO CONVERT : UNPAID BALANCE : 884,326.58 ANNUAL RATE ADJUST: MONTHLY P&I : 6,112.48 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 015 LTV : 63.66900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,097,400.00 P & I AMT: 14,936.15 UPB AMT: 2,095,420.81 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 131 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031246580 MORTGAGORS: LINGHAM JOHN REGION CODE ADDRESS : 12218 MISTY BLUE COURT 01 CITY : SAN DIEGO STATE/ZIP : CA 92131 MORTGAGE AMOUNT : 304,700.00 OPTION TO CONVERT : UNPAID BALANCE : 304,268.50 ANNUAL RATE ADJUST: MONTHLY P&I : 2,182.91 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 89.98700 ---------------------------------------------------------------- 0 0031246739 MORTGAGORS: HOGAN PAUL HOGAN KAREN REGION CODE ADDRESS : 7025 REDCOAT DRIVE 01 CITY : FLOURTOWN STATE/ZIP : PA 19031 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST: MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 73.84600 ---------------------------------------------------------------- 0 0031247042 MORTGAGORS: HAM DWIGHT HAM KATHLEEN REGION CODE ADDRESS : 11941 SIERRA LANE 01 CITY : LOS ANGELES STATE/ZIP : CA 91326 MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT : UNPAID BALANCE : 314,530.98 ANNUAL RATE ADJUST: MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031247083 MORTGAGORS: HUMBER BRENT HUMBER SOHEILA REGION CODE ADDRESS : 5517 ARVADA STREET 01 CITY : TORRANCE STATE/ZIP : CA 90503 MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT : UNPAID BALANCE : 246,042.18 ANNUAL RATE ADJUST: MONTHLY P&I : 1,744.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031247240 MORTGAGORS: NOVAK KERRY ZOLINSKI-NOVAK CYNTHIA REGION CODE ADDRESS : 1209 SQUIRREL RUN 01 CITY : PRESCOTT STATE/ZIP : AZ 86303 MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT : UNPAID BALANCE : 291,783.29 ANNUAL RATE ADJUST: MONTHLY P&I : 2,041.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,398,100.00 P & I AMT: 9,849.28 UPB AMT: 1,396,446.83 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 132 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031247380 MORTGAGORS: LEONARD BART KRUMSIEK BARBARA REGION CODE ADDRESS : 9009 CLEWERWALL DRIVE 01 CITY : BETHESDA STATE/ZIP : MD 20817 MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT : UNPAID BALANCE : 649,517.60 ANNUAL RATE ADJUST: MONTHLY P&I : 4,544.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 50.00000 ---------------------------------------------------------------- 0 0031247414 MORTGAGORS: GRIMSTED DOUGLAS GRIMSTED CATHERINE REGION CODE ADDRESS : 2507 LINCOLN STREET 01 CITY : EVANSTON STATE/ZIP : IL 60201 MORTGAGE AMOUNT : 476,000.00 OPTION TO CONVERT : UNPAID BALANCE : 476,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,287.61 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031247489 MORTGAGORS: RYAN MICHAEL RYAN MARLAINA REGION CODE ADDRESS : 3022 CANONITA DRIVE 01 CITY : FALLBROOK STATE/ZIP : CA 92028 MORTGAGE AMOUNT : 214,000.00 OPTION TO CONVERT : UNPAID BALANCE : 213,841.18 ANNUAL RATE ADJUST: MONTHLY P&I : 1,496.32 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 65.04500 ---------------------------------------------------------------- 0 0031247505 MORTGAGORS: GALOOSTIAN GARNIK GALOOSTIAN DIANA REGION CODE ADDRESS : 2097 RIMCREST DRIVE 01 CITY : GLENDALE STATE/ZIP : CA 91207 MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT : UNPAID BALANCE : 499,609.96 ANNUAL RATE ADJUST: MONTHLY P&I : 3,410.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 67.56700 ---------------------------------------------------------------- 0 0031247653 MORTGAGORS: MCGOVERN FRANK MCGOVERN HAIDA REGION CODE ADDRESS : 9401 LAGOVISTA COURT 01 CITY : GREAT FALLS STATE/ZIP : VA 22066 MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT : UNPAID BALANCE : 439,656.75 ANNUAL RATE ADJUST: MONTHLY P&I : 3,001.58 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,280,000.00 P & I AMT: 15,741.29 UPB AMT: 2,278,625.49 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 133 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031247729 MORTGAGORS: HERRON TRENT HERRON LEISHA REGION CODE ADDRESS : 4644 CLARY LAKES DRIVE 01 CITY : ROSWELL STATE/ZIP : GA 30075 MORTGAGE AMOUNT : 220,550.00 OPTION TO CONVERT : UNPAID BALANCE : 219,905.38 ANNUAL RATE ADJUST: MONTHLY P&I : 1,561.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 76.05100 ---------------------------------------------------------------- 0 0031247927 MORTGAGORS: LUCK DEAN LUCK LORETTA REGION CODE ADDRESS : 3121 CLUB DRIVE UNIT 216 01 CITY : PORT CHARLOTTE STATE/ZIP : FL 33953 MORTGAGE AMOUNT : 83,000.00 OPTION TO CONVERT : UNPAID BALANCE : 82,769.26 ANNUAL RATE ADJUST: MONTHLY P&I : 601.81 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 55.33300 ---------------------------------------------------------------- 0 0031248099 MORTGAGORS: MEYERS EDWARD MEYERS PATRICIA REGION CODE ADDRESS : 3810 WESTGATE DRIVE 01 CITY : ALEXANDRIA STATE/ZIP : VA 22309 MORTGAGE AMOUNT : 282,400.00 OPTION TO CONVERT : UNPAID BALANCE : 282,400.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,950.47 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 78.44400 ---------------------------------------------------------------- 0 0031248131 MORTGAGORS: FOX MICHAEL BROADBENT TINA REGION CODE ADDRESS : 111 SASSAFRAS DRIVE 01 CITY : MIDDLETOWN STATE/ZIP : DE 19709 MORTGAGE AMOUNT : 133,000.00 OPTION TO CONVERT : UNPAID BALANCE : 132,888.26 ANNUAL RATE ADJUST: MONTHLY P&I : 873.72 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 61.86000 ---------------------------------------------------------------- 0 0031248214 MORTGAGORS: MURRAY JANICE REGION CODE ADDRESS : 42 SULGRAVE ROAD 01 CITY : WEST HARTFORD STATE/ZIP : CT 06107 MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT : UNPAID BALANCE : 290,784.03 ANNUAL RATE ADJUST: MONTHLY P&I : 2,034.72 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.94500 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,009,950.00 P & I AMT: 7,021.76 UPB AMT: 1,008,746.93 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 134 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031248446 MORTGAGORS: MAYER DONALD MAYER NANCY REGION CODE ADDRESS : 22 BEAR RUN 01 CITY : STEAMBOAT SPRINGS STATE/ZIP : CO 80477 MORTGAGE AMOUNT : 388,200.00 OPTION TO CONVERT : UNPAID BALANCE : 387,904.61 ANNUAL RATE ADJUST: MONTHLY P&I : 2,681.21 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 76.87100 ---------------------------------------------------------------- 0 0031248479 MORTGAGORS: RHODINE CRAIG RHODINE SHERI REGION CODE ADDRESS : 310 STIRRUP TRAIL 01 CITY : MONUMENT STATE/ZIP : CO 80132 MORTGAGE AMOUNT : 282,800.00 OPTION TO CONVERT : UNPAID BALANCE : 282,579.39 ANNUAL RATE ADJUST: MONTHLY P&I : 1,929.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 83.91600 ---------------------------------------------------------------- 0 0031248545 MORTGAGORS: WEEK JEFFREY WEEK SHELLEY REGION CODE ADDRESS : 767 BERKSHIRE LANE 01 CITY : CAROL STREAM STATE/ZIP : IL 60188 MORTGAGE AMOUNT : 160,000.00 OPTION TO CONVERT : UNPAID BALANCE : 160,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,077.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 74.41860 ---------------------------------------------------------------- 0 0031248602 MORTGAGORS: OWENS RICKY OWENS SUSAN REGION CODE ADDRESS : 108 HILLTOP VIEW DR. 01 CITY : SEYMOUR STATE/ZIP : TN 37865 MORTGAGE AMOUNT : 239,400.00 OPTION TO CONVERT : UNPAID BALANCE : 239,203.76 ANNUAL RATE ADJUST: MONTHLY P&I : 1,592.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 86.73900 ---------------------------------------------------------------- 0 0031248636 MORTGAGORS: CLARK SAMUEL CLARK ELIZABETH REGION CODE ADDRESS : 206 TUPELO 01 CITY : ROCKWALL STATE/ZIP : TX 75087 MORTGAGE AMOUNT : 112,300.00 OPTION TO CONVERT : UNPAID BALANCE : 112,210.19 ANNUAL RATE ADJUST: MONTHLY P&I : 756.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 79.99900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,182,700.00 P & I AMT: 8,037.68 UPB AMT: 1,181,897.95 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 135 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031248743 MORTGAGORS: HOFFNER JANE REGION CODE ADDRESS : 10 BARLOVENTO COURT 01 CITY : NEWPORT BEACH STATE/ZIP : CA 92663 MORTGAGE AMOUNT : 175,000.00 OPTION TO CONVERT : UNPAID BALANCE : 174,745.87 ANNUAL RATE ADJUST: MONTHLY P&I : 1,238.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- 0 0031248792 MORTGAGORS: LEE VIVIE BETZ MARTIN REGION CODE ADDRESS : 126 SIERRA POINT ROAD 01 CITY : BRISBANE STATE/ZIP : CA 94005 MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT : UNPAID BALANCE : 303,569.50 ANNUAL RATE ADJUST: MONTHLY P&I : 2,177.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031248818 MORTGAGORS: KHALSA HARI KHALSA HARI REGION CODE ADDRESS : 1573 CARDIFF AVENUE 01 CITY : LOS ANGELES STATE/ZIP : CA 90035 MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT : UNPAID BALANCE : 378,435.70 ANNUAL RATE ADJUST: MONTHLY P&I : 2,650.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.95700 ---------------------------------------------------------------- 0 0031248834 MORTGAGORS: BREMER DAVID BREMER TERRY REGION CODE ADDRESS : 50 OAK MOUNTAIN COURT 01 CITY : SAN RAFAEL STATE/ZIP : CA 94903 MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT : UNPAID BALANCE : 332,528.44 ANNUAL RATE ADJUST: MONTHLY P&I : 2,385.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 74.00000 ---------------------------------------------------------------- 0 0031248842 MORTGAGORS: LOACH CHARLES LOACH SUZANNE REGION CODE ADDRESS : 5682 BOUNTY STREET 01 CITY : SAN DIEGO STATE/ZIP : CA 92120 MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT : UNPAID BALANCE : 246,802.48 ANNUAL RATE ADJUST: MONTHLY P&I : 1,664.08 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 78.41200 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,438,000.00 P & I AMT: 10,116.28 UPB AMT: 1,436,081.99 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 136 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031248917 MORTGAGORS: HART NOAH HART JENNIFER REGION CODE ADDRESS : 41730 MARIGOLD DRIVE 01 CITY : FREMONT STATE/ZIP : CA 94539 MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT : UNPAID BALANCE : 271,405.63 ANNUAL RATE ADJUST: MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031248933 MORTGAGORS: DANIEL MICHAEL DANIEL KRISTEN REGION CODE ADDRESS : 8330 GOVERNOR KENT TERRACE 01 CITY : ELLICOTT CITY STATE/ZIP : MD 21043 MORTGAGE AMOUNT : 319,800.00 OPTION TO CONVERT : UNPAID BALANCE : 319,579.92 ANNUAL RATE ADJUST: MONTHLY P&I : 2,318.77 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 79.99900 ---------------------------------------------------------------- 0 0031249261 MORTGAGORS: BAIN MICHAEL BAIN KRISTIN REGION CODE ADDRESS : 15 CONCORD DRIVE 01 CITY : SOUTH WALPOLE STATE/ZIP : MA 02071 MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT : UNPAID BALANCE : 286,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,999.75 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 86.40400 ---------------------------------------------------------------- 0 0031249469 MORTGAGORS: PUGHES J REGION CODE ADDRESS : 2428 TOUR EDITION DRIVE 01 CITY : HENDERSON STATE/ZIP : NV 89014 MORTGAGE AMOUNT : 268,700.00 OPTION TO CONVERT : UNPAID BALANCE : 268,430.12 ANNUAL RATE ADJUST: MONTHLY P&I : 1,810.29 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 79.84900 ---------------------------------------------------------------- 0 0031249667 MORTGAGORS: CORREA ROBERT CORREA ROSEMARY REGION CODE ADDRESS : 168 SHADOW LAKE ROAD 01 CITY : RIDGEFIELD STATE/ZIP : CT 06877 MORTGAGE AMOUNT : 446,000.00 OPTION TO CONVERT : UNPAID BALANCE : 445,669.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,118.50 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,592,500.00 P & I AMT: 11,172.51 UPB AMT: 1,591,084.67 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 137 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031249774 MORTGAGORS: GIRGLANI ROSHAN GIRGLANI JOAN REGION CODE ADDRESS : 11 ROBIN HOOD LANE 01 CITY : CHATHAM STATE/ZIP : NJ 07928 MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT : UNPAID BALANCE : 269,607.91 ANNUAL RATE ADJUST: MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 68.52700 ---------------------------------------------------------------- 0 0031249915 MORTGAGORS: DALY BRIAN DALY JANICE REGION CODE ADDRESS : 23826 SOUTHEAST 47TH PLACE 01 CITY : ISSAQUAH STATE/ZIP : WA 98029 MORTGAGE AMOUNT : 251,200.00 OPTION TO CONVERT : UNPAID BALANCE : 251,004.04 ANNUAL RATE ADJUST: MONTHLY P&I : 1,713.63 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031249964 MORTGAGORS: CLARIN MITCHELL CLARIN BARBARA REGION CODE ADDRESS : 15 MATHEWS DRIVE 01 CITY : RARITAN STATE/ZIP : NJ 08822 MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT : UNPAID BALANCE : 244,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,685.25 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 74.39000 ---------------------------------------------------------------- 0 0031250111 MORTGAGORS: SMITH PHILIP SMITH CHRISTINE REGION CODE ADDRESS : 1711 HYDE PARK AVENUE 01 CITY : WAUKEGAN STATE/ZIP : IL 60085 MORTGAGE AMOUNT : 91,600.00 OPTION TO CONVERT : UNPAID BALANCE : 91,600.00 ANNUAL RATE ADJUST: MONTHLY P&I : 586.52 OUTSIDE CONV DATE : LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 6.62500 PRODUCT CODE : 002 LTV : 76.33300 ---------------------------------------------------------------- 0 0031250194 MORTGAGORS: HARMON JAMES REGION CODE ADDRESS : 1049 AMESTI ROAD 01 CITY : WATSONVILLE STATE/ZIP : CA 95076 MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT : UNPAID BALANCE : 127,827.65 ANNUAL RATE ADJUST: MONTHLY P&I : 939.22 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 984,800.00 P & I AMT: 6,835.67 UPB AMT: 984,039.60 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 138 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031250533 MORTGAGORS: YOKOO KRIS OISHI ANNETTE REGION CODE ADDRESS : 624 SOUTH WESLEY AVENUE 01 CITY : OAK PARK STATE/ZIP : IL 60304 MORTGAGE AMOUNT : 170,000.00 OPTION TO CONVERT : UNPAID BALANCE : 170,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,116.78 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 85.00000 ---------------------------------------------------------------- 0 0031250574 MORTGAGORS: SWITZER DOUGLAS FU XUAN REGION CODE ADDRESS : 50 EAST BELLEVUE - UNIT 1905 01 CITY : CHICAGO STATE/ZIP : IL 60611 MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT : UNPAID BALANCE : 150,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 985.39 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 57.69230 ---------------------------------------------------------------- 0 0031250582 MORTGAGORS: FELL JONATHAN FELL THERESA REGION CODE ADDRESS : 643 ROSEDALE ROAD 01 CITY : PRINCETON STATE/ZIP : NJ 08540 MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT : UNPAID BALANCE : 560,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,725.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031250855 MORTGAGORS: MARSH MALCOLM MARSH MELISSA REGION CODE ADDRESS : 3189 ROCKINGHAM DRIVE NW 01 CITY : ATLANTA STATE/ZIP : GA 30327 MORTGAGE AMOUNT : 292,500.00 OPTION TO CONVERT : UNPAID BALANCE : 291,979.82 ANNUAL RATE ADJUST: MONTHLY P&I : 2,378.77 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/18 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031250889 MORTGAGORS: HUNT J HUNT PATRICIA REGION CODE ADDRESS : 2527 NW O'BRIEN COURT 01 CITY : BEND STATE/ZIP : OR 97701 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,754.09 ANNUAL RATE ADJUST: MONTHLY P&I : 1,995.91 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 66.66600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,472,500.00 P & I AMT: 10,202.54 UPB AMT: 1,471,733.91 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 139 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031250897 MORTGAGORS: SCHULZE ROBERT SCHULZE DEBRA REGION CODE ADDRESS : 11303 COUNTRY CLUB ROAD 01 CITY : NEW MARKET STATE/ZIP : MD 21774 MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT : UNPAID BALANCE : 261,790.49 ANNUAL RATE ADJUST: MONTHLY P&I : 1,765.14 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 60.22900 ---------------------------------------------------------------- 0 0031251036 MORTGAGORS: FOTIS STEPHEN REGION CODE ADDRESS : 5407 GALENA PLACE, N.W. 01 CITY : WASHINGTON STATE/ZIP : DC 20016 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,797.35 ANNUAL RATE ADJUST: MONTHLY P&I : 1,981.82 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031251192 MORTGAGORS: LUMMUS WILLIAM LUMMUS PATRICIA REGION CODE ADDRESS : 3272 ROCKINGHAM DRIVE 01 CITY : ATLANTA STATE/ZIP : GA 30327 MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT : UNPAID BALANCE : 258,802.92 ANNUAL RATE ADJUST: MONTHLY P&I : 1,788.85 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 68.70000 ---------------------------------------------------------------- 0 0031251218 MORTGAGORS: KRESINSKE EDWARD HOFFMANN JOLINE REGION CODE ADDRESS : 2808 KNOLLWOOD LANE 01 CITY : GLENVIEW STATE/ZIP : IL 60025 MORTGAGE AMOUNT : 139,000.00 OPTION TO CONVERT : UNPAID BALANCE : 139,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 913.13 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 36.10300 ---------------------------------------------------------------- 0 0031251382 MORTGAGORS: MORGENSTERN JEFFREY MORGENSTERN ROBERTA REGION CODE ADDRESS : 16 CLEVELAND ROAD 01 CITY : WELLESLEY STATE/ZIP : MA 02181 MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT : UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,330.61 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 64.51600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,140,000.00 P & I AMT: 7,779.55 UPB AMT: 1,139,390.76 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 140 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031251796 MORTGAGORS: SCHOLL WAYNE SCHOLL SUSAN REGION CODE ADDRESS : 4812 192ND DRIVE NORTHEAST 01 CITY : REDMOOND STATE/ZIP : WA 98053 MORTGAGE AMOUNT : 338,400.00 OPTION TO CONVERT : UNPAID BALANCE : 338,148.86 ANNUAL RATE ADJUST: MONTHLY P&I : 2,366.14 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031251895 MORTGAGORS: SPRINSON JOHN SPRINSON LAURA REGION CODE ADDRESS : 859 ROSEMOUNT ROAD 01 CITY : OAKLAND STATE/ZIP : CA 94610 MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT : UNPAID BALANCE : 247,806.53 ANNUAL RATE ADJUST: MONTHLY P&I : 1,691.80 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 70.85700 ---------------------------------------------------------------- 0 0031251929 MORTGAGORS: DOUDS ALEXANDER DOUDS BARBARA REGION CODE ADDRESS : 8600 WOLFTRAP ROAD 01 CITY : VIENNA STATE/ZIP : VA 22182 MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT : UNPAID BALANCE : 317,287.54 ANNUAL RATE ADJUST: MONTHLY P&I : 2,223.51 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 73.78100 ---------------------------------------------------------------- 0 0031251952 MORTGAGORS: FALCONE ARTHUR FALCONE DIANE REGION CODE ADDRESS : 21270 WAYCROSS DRIVE 01 CITY : BOCA RATON STATE/ZIP : FL 33428 MORTGAGE AMOUNT : 252,500.00 OPTION TO CONVERT : UNPAID BALANCE : 251,881.60 ANNUAL RATE ADJUST: MONTHLY P&I : 1,941.51 OUTSIDE CONV DATE : LIFETIME RATE : 8.50000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 8.50000 PRODUCT CODE : 002 LTV : 94.93900 ---------------------------------------------------------------- 0 0031252000 MORTGAGORS: ARNSTEIN FREDERICK GEIB PAMELA REGION CODE ADDRESS : 979 EAST GULF DRIVE, #121 01 CITY : SANIBEL STATE/ZIP : FL 33957 MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT : UNPAID BALANCE : 274,610.57 ANNUAL RATE ADJUST: MONTHLY P&I : 1,970.13 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 57.89473 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,431,900.00 P & I AMT: 10,193.09 UPB AMT: 1,429,735.10 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 141 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031252042 MORTGAGORS: KONUGRES GEORGE KONUGRES MARIE REGION CODE ADDRESS : 12299 CHANNEL DRIVE 01 CITY : NORTH PALM BEACH STATE/ZIP : FL 33408 MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT : UNPAID BALANCE : 388,888.24 ANNUAL RATE ADJUST: MONTHLY P&I : 2,794.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 49.36708 ---------------------------------------------------------------- 0 0031252158 MORTGAGORS: ROSENTHAL ANDREW ROSENTHAL ROBIN REGION CODE ADDRESS : 1145 SHERIDAN ROAD 01 CITY : EVANSTON STATE/ZIP : IL 60202 MORTGAGE AMOUNT : 810,000.00 OPTION TO CONVERT : UNPAID BALANCE : 810,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 5,594.47 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 015 LTV : 60.00000 ---------------------------------------------------------------- 0 0031252174 MORTGAGORS: MURRAY MARIA REGION CODE ADDRESS : 1420 CHELTON OAKS PLACE 01 CITY : RALEIGH STATE/ZIP : NC 27614 MORTGAGE AMOUNT : 239,600.00 OPTION TO CONVERT : UNPAID BALANCE : 238,882.03 ANNUAL RATE ADJUST: MONTHLY P&I : 1,675.32 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 84.99467 ---------------------------------------------------------------- 0 0031252208 MORTGAGORS: MARINOFF ERIC HILLIARD-MARINOFF JEAN REGION CODE ADDRESS : 1251 W. MARINA DRIVE 01 CITY : CHANDLER STATE/ZIP : AZ 85248 MORTGAGE AMOUNT : 357,500.00 OPTION TO CONVERT : UNPAID BALANCE : 356,926.54 ANNUAL RATE ADJUST: MONTHLY P&I : 2,408.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 65.00000 ---------------------------------------------------------------- 0 0031252307 MORTGAGORS: MURPHY JEROME DEREX SUSAN REGION CODE ADDRESS : 3500 CHURCH STREET UNIT 311 01 CITY : EVANSTON STATE/ZIP : IL 60203 MORTGAGE AMOUNT : 130,000.00 OPTION TO CONVERT : UNPAID BALANCE : 130,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 886.83 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 86.66600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,927,100.00 P & I AMT: 13,359.18 UPB AMT: 1,924,696.81 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 142 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031252588 MORTGAGORS: ERICKSON ROBERT ERICKSON ARLENE REGION CODE ADDRESS : 6 LAKE MARIE LANE 01 CITY : BEDFORD STATE/ZIP : NY 10507 MORTGAGE AMOUNT : 235,150.00 OPTION TO CONVERT : UNPAID BALANCE : 234,971.06 ANNUAL RATE ADJUST: MONTHLY P&I : 1,624.13 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 88.73500 ---------------------------------------------------------------- 0 0031252729 MORTGAGORS: GUENTHER OTTO GUENTHER JANET REGION CODE ADDRESS : 8611 CROSS OAKS LANE 01 CITY : FAIRFAX STATION STATE/ZIP : VA 22039 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,765.97 ANNUAL RATE ADJUST: MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 75.94900 ---------------------------------------------------------------- 0 0031252737 MORTGAGORS: FLORENCE GARY FLORENCE TUESDEE REGION CODE ADDRESS : 13645 MELSTONE DRIVE 01 CITY : CLIFTON STATE/ZIP : VA 20124 MORTGAGE AMOUNT : 243,100.00 OPTION TO CONVERT : UNPAID BALANCE : 242,900.74 ANNUAL RATE ADJUST: MONTHLY P&I : 1,617.35 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 79.96973 ---------------------------------------------------------------- 0 0031252778 MORTGAGORS: LING RICHARD LING SANDRA REGION CODE ADDRESS : 1401 ALTER ROAD 01 CITY : MILFORD STATE/ZIP : MI 48381 MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT : UNPAID BALANCE : 289,578.88 ANNUAL RATE ADJUST: MONTHLY P&I : 2,052.60 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.91600 ---------------------------------------------------------------- 0 0031252927 MORTGAGORS: BAXTER TERRY REGION CODE ADDRESS : SPRING HILL LANE 01 CITY : LYME STATE/ZIP : NH 03768 MORTGAGE AMOUNT : 600,000.00 OPTION TO CONVERT : UNPAID BALANCE : 597,531.95 ANNUAL RATE ADJUST: MONTHLY P&I : 4,093.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 69.76700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,668,250.00 P & I AMT: 11,433.66 UPB AMT: 1,664,748.60 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 143 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031253099 MORTGAGORS: TURNBULL KENNETH TURNBULL DONNA REGION CODE ADDRESS : 70 SHERWOOD ROAD 01 CITY : RIDGEWOOD STATE/ZIP : NJ 07450 MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT : UNPAID BALANCE : 295,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,113.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 70.23800 ---------------------------------------------------------------- 0 0031253172 MORTGAGORS: CANTONE MICHAEL CANTONE KAREN REGION CODE ADDRESS : 4 CODINGTON LANE 01 CITY : WARREN STATE/ZIP : NJ 07059 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,672.12 ANNUAL RATE ADJUST: MONTHLY P&I : 2,661.21 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 71.42800 ---------------------------------------------------------------- 0 0031253263 MORTGAGORS: CRIVELLO KENNETH CRIVELLO MICHELE REGION CODE ADDRESS : 15 VAN HISE DRIVE 01 CITY : MILLSTONE TOWNSHIP STATE/ZIP : NJ 07726 MORTGAGE AMOUNT : 291,450.00 OPTION TO CONVERT : UNPAID BALANCE : 291,192.86 ANNUAL RATE ADJUST: MONTHLY P&I : 1,866.19 OUTSIDE CONV DATE : LIFETIME RATE : 6.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.62500 PRODUCT CODE : 002 LTV : 84.98900 ---------------------------------------------------------------- 0 0031253271 MORTGAGORS: MILLER GERARD NIEMTZOW PATRICIA REGION CODE ADDRESS : 510 PUTNAM ROAD 01 CITY : MERION STATE/ZIP : PA 19066 MORTGAGE AMOUNT : 344,500.00 OPTION TO CONVERT : UNPAID BALANCE : 344,237.86 ANNUAL RATE ADJUST: MONTHLY P&I : 2,379.38 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.93000 ---------------------------------------------------------------- 0 0031253396 MORTGAGORS: GURNEY RONNIE REGION CODE ADDRESS : 123 HARBOR DR #612 01 CITY : STANFORD STATE/ZIP : CT 06902 MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT : UNPAID BALANCE : 340,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 78.52100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,670,950.00 P & I AMT: 11,368.50 UPB AMT: 1,670,102.84 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 144 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031253404 MORTGAGORS: GALLEGO MANUEL GALLEGO ANNY REGION CODE ADDRESS : 4251 SW 139 AVENUE 01 CITY : MIRAMAR STATE/ZIP : FL 33027 MORTGAGE AMOUNT : 259,350.00 OPTION TO CONVERT : UNPAID BALANCE : 259,166.95 ANNUAL RATE ADJUST: MONTHLY P&I : 1,858.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031253552 MORTGAGORS: GRIFFIN MARIA REGION CODE ADDRESS : 226 MIDDLE ROAD 01 CITY : NEWBURY STATE/ZIP : MA 01922 MORTGAGE AMOUNT : 244,200.00 OPTION TO CONVERT : UNPAID BALANCE : 243,994.84 ANNUAL RATE ADJUST: MONTHLY P&I : 1,604.22 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 63.92600 ---------------------------------------------------------------- 0 0031253776 MORTGAGORS: GUBIN STEVEN REGION CODE ADDRESS : 6419 LEBARRETT COVE 01 CITY : MEMPHIS STATE/ZIP : TN 38120 MORTGAGE AMOUNT : 577,600.00 OPTION TO CONVERT : UNPAID BALANCE : 577,149.41 ANNUAL RATE ADJUST: MONTHLY P&I : 3,940.25 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 77.01300 ---------------------------------------------------------------- 0 0031253867 MORTGAGORS: TAYLOR JOHN TAYLOR STEPHANIE REGION CODE ADDRESS : 258 NEW CANAAN ROAD 01 CITY : WILTON STATE/ZIP : CT 06897 MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,926.98 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 78.59100 ---------------------------------------------------------------- 0 0031253966 MORTGAGORS: MAHAN JAMES MAHAN SARAH REGION CODE ADDRESS : 24 LAWRENCE ROAD 01 CITY : WELLESLEY STATE/ZIP : MA 02181 MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT : UNPAID BALANCE : 200,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,347.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 60.24000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,560,150.00 P & I AMT: 10,676.91 UPB AMT: 1,559,311.20 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 145 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031254105 MORTGAGORS: BLAIR DAVID BLAIR HOLLY REGION CODE ADDRESS : 611 LOGAN LANE 01 CITY : DANVILLE STATE/ZIP : CA 94526 MORTGAGE AMOUNT : 399,000.00 OPTION TO CONVERT : UNPAID BALANCE : 398,688.75 ANNUAL RATE ADJUST: MONTHLY P&I : 2,721.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 67.85700 ---------------------------------------------------------------- 0 0031254139 MORTGAGORS: ULRICH JOHN ULRICH MARY REGION CODE ADDRESS : 648 NORTH BROADWAY 01 CITY : HAVERHILL STATE/ZIP : MA 01832 MORTGAGE AMOUNT : 121,500.00 OPTION TO CONVERT : UNPAID BALANCE : 121,500.00 ANNUAL RATE ADJUST: MONTHLY P&I : 777.98 OUTSIDE CONV DATE : LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 6.62500 PRODUCT CODE : 002 LTV : 73.63600 ---------------------------------------------------------------- 0 0031254287 MORTGAGORS: LEE KENNETH LEE JILL REGION CODE ADDRESS : 30147 AVENIDA DE CALMA 01 CITY : RANCHO PALOS VERDES STATE/ZIP : CA 90275 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,782.87 ANNUAL RATE ADJUST: MONTHLY P&I : 2,123.38 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 48.78000 ---------------------------------------------------------------- 0 0031254592 MORTGAGORS: GARRITY JOHN GARRITY PHYLLIS REGION CODE ADDRESS : 1218 PONTE VEDRA BLVD 01 CITY : PONTE VEDRA BEACH STATE/ZIP : FL 32082 MORTGAGE AMOUNT : 252,280.00 OPTION TO CONVERT : UNPAID BALANCE : 251,688.28 ANNUAL RATE ADJUST: MONTHLY P&I : 1,799.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 74.20000 ---------------------------------------------------------------- 0 0031254717 MORTGAGORS: BUGGAY LARRY REGION CODE ADDRESS : 1200 PEYTON DRIVE 01 CITY : KENNESAW STATE/ZIP : GA 30152 MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT : UNPAID BALANCE : 339,741.28 ANNUAL RATE ADJUST: MONTHLY P&I : 2,348.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 62.96200 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,412,780.00 P & I AMT: 9,770.56 UPB AMT: 1,411,401.18 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 146 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031254873 MORTGAGORS: SHIVASHANKAR LATHA SHIVASHANKAR NANJAPPA REGION CODE ADDRESS : 9966 VINEYARD LAKE ROAD EAST 01 CITY : JACKSONVILLE STATE/ZIP : FL 32256 MORTGAGE AMOUNT : 262,617.53 OPTION TO CONVERT : UNPAID BALANCE : 261,228.96 ANNUAL RATE ADJUST: MONTHLY P&I : 2,155.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/17 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 77.96400 ---------------------------------------------------------------- 0 0031254907 MORTGAGORS: WHITLOCK MILES WHITLOCK CHRISTINE REGION CODE ADDRESS : 1851 PEMBERTON PLACE 01 CITY : MARIETTA STATE/ZIP : GA 30062 MORTGAGE AMOUNT : 329,300.00 OPTION TO CONVERT : UNPAID BALANCE : 328,784.67 ANNUAL RATE ADJUST: MONTHLY P&I : 2,246.41 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.98873 ---------------------------------------------------------------- 0 0031254915 MORTGAGORS: GILLESPIE JOSEPH GILLESPIE SALLY REGION CODE ADDRESS : 8 COLONIAL DRIVE 01 CITY : HARDING TOWNSHIP STATE/ZIP : NJ 07960 MORTGAGE AMOUNT : 515,000.00 OPTION TO CONVERT : UNPAID BALANCE : 515,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,600.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 78.03000 ---------------------------------------------------------------- 0 0031254949 MORTGAGORS: ROWLAND DONALD REGION CODE ADDRESS : 228 SHULER ROAD 01 CITY : COLUMBIA STATE/ZIP : SC 29212 MORTGAGE AMOUNT : 282,000.00 OPTION TO CONVERT : UNPAID BALANCE : 281,399.02 ANNUAL RATE ADJUST: MONTHLY P&I : 2,020.29 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031254980 MORTGAGORS: DOBRIN G DOBRIN LINDA REGION CODE ADDRESS : 4407 HYACINTH DRIVE 01 CITY : MASON STATE/ZIP : OH 45040 MORTGAGE AMOUNT : 258,950.00 OPTION TO CONVERT : UNPAID BALANCE : 258,573.95 ANNUAL RATE ADJUST: MONTHLY P&I : 1,832.84 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 89.98412 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,647,867.53 P & I AMT: 11,856.45 UPB AMT: 1,644,986.60 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 147 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031255037 MORTGAGORS: SIMON THEODOR REGION CODE ADDRESS : 5236 SIESTA COVE DRIVE 01 CITY : SARASOTA STATE/ZIP : FL 34242 MORTGAGE AMOUNT : 377,600.00 OPTION TO CONVERT : UNPAID BALANCE : 377,051.67 ANNUAL RATE ADJUST: MONTHLY P&I : 2,672.63 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031255300 MORTGAGORS: GOODMAN DAVID GOODMAN MICHELLE REGION CODE ADDRESS : 23231 WEST CICELY COURT 01 CITY : VALENCIA AREA STATE/ZIP : CA 91354 MORTGAGE AMOUNT : 273,800.00 OPTION TO CONVERT : UNPAID BALANCE : 273,392.33 ANNUAL RATE ADJUST: MONTHLY P&I : 1,914.45 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.98878 ---------------------------------------------------------------- 0 0031255359 MORTGAGORS: SCHOONOVER DOUGLAS COX-SCHOONOVER SANDRA REGION CODE ADDRESS : 9842 GARRETT CIRCLE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92646 MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT : UNPAID BALANCE : 270,616.22 ANNUAL RATE ADJUST: MONTHLY P&I : 1,941.48 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 84.68700 ---------------------------------------------------------------- 0 0031255383 MORTGAGORS: SONNENBLICK BRUCE SONNENBLICK PATRICIA REGION CODE ADDRESS : 23211 WEST CICELY COURT 01 CITY : VALENCIA STATE/ZIP : CA 91354 MORTGAGE AMOUNT : 270,800.00 OPTION TO CONVERT : UNPAID BALANCE : 270,396.78 ANNUAL RATE ADJUST: MONTHLY P&I : 1,893.48 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.98900 ---------------------------------------------------------------- 0 0031255466 MORTGAGORS: BOWMAN KEITH BOWMAN BRENDA REGION CODE ADDRESS : 10638 THORNY RIDGE TRACE 01 CITY : FISHERS STATE/ZIP : IN 46038 MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT : UNPAID BALANCE : 327,750.41 ANNUAL RATE ADJUST: MONTHLY P&I : 2,265.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,521,200.00 P & I AMT: 10,687.46 UPB AMT: 1,519,207.41 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 148 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031255508 MORTGAGORS: RIVERA JIMMY RIVERA LINDA REGION CODE ADDRESS : 19915 HIGH MEADOW DRIVE 01 CITY : MONUMENT STATE/ZIP : CO 80132 MORTGAGE AMOUNT : 245,109.00 OPTION TO CONVERT : UNPAID BALANCE : 244,927.09 ANNUAL RATE ADJUST: MONTHLY P&I : 1,713.84 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.59600 ---------------------------------------------------------------- 0 0031255565 MORTGAGORS: SMITH LARRY TRACEY VERONIKA REGION CODE ADDRESS : 114 18TH STREET 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92648 MORTGAGE AMOUNT : 345,000.00 OPTION TO CONVERT : UNPAID BALANCE : 344,473.35 ANNUAL RATE ADJUST: MONTHLY P&I : 2,382.83 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 71.87500 ---------------------------------------------------------------- 0 0031255573 MORTGAGORS: LANG GARY LARONE RONIT REGION CODE ADDRESS : 736 GOULD AVENUE #11 01 CITY : HERMOSA BEACH STATE/ZIP : CA 90254 MORTGAGE AMOUNT : 327,150.00 OPTION TO CONVERT : UNPAID BALANCE : 326,535.01 ANNUAL RATE ADJUST: MONTHLY P&I : 2,315.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031255706 MORTGAGORS: SANCLEMENTE JULIO CAMERON JENNIFER REGION CODE ADDRESS : 2133 FRANCESCO CIRCLE 01 CITY : CAPITOLA STATE/ZIP : CA 95010 MORTGAGE AMOUNT : 236,000.00 OPTION TO CONVERT : UNPAID BALANCE : 235,837.59 ANNUAL RATE ADJUST: MONTHLY P&I : 1,711.16 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031255805 MORTGAGORS: FAUTT JEFFERY FAUTT JANELLE REGION CODE ADDRESS : 806 TUNBRIDGE ROAD 01 CITY : DANVILLE STATE/ZIP : CA 94526 MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT : UNPAID BALANCE : 383,413.80 ANNUAL RATE ADJUST: MONTHLY P&I : 2,652.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,537,259.00 P & I AMT: 10,775.58 UPB AMT: 1,535,186.84 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 149 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031255979 MORTGAGORS: KIM MIN REGION CODE ADDRESS : 5040 EL ABODE LANE 01 CITY : LA CRESCENTA STATE/ZIP : CA 91214 MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT : UNPAID BALANCE : 247,621.42 ANNUAL RATE ADJUST: MONTHLY P&I : 1,712.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031256001 MORTGAGORS: SHILLER GERALD SHILLER FRIEDA REGION CODE ADDRESS : 1451 CREST DRIVE 01 CITY : ENCINITAS STATE/ZIP : CA 92024 MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT : UNPAID BALANCE : 314,542.55 ANNUAL RATE ADJUST: MONTHLY P&I : 2,229.56 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 71.59000 ---------------------------------------------------------------- 0 0031256373 MORTGAGORS: STAMPS ROBERT STAMPS QUANAH REGION CODE ADDRESS : 804 NORTH CLEAVELAND STREET 01 CITY : ARLINGTON STATE/ZIP : VA 22201 MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT : UNPAID BALANCE : 318,749.34 ANNUAL RATE ADJUST: MONTHLY P&I : 2,203.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 81.79400 ---------------------------------------------------------------- 0 0031256621 MORTGAGORS: ROGERS SAMUEL REGION CODE ADDRESS : 719 LOMBARD STREET 01 CITY : PHILADELPHIA STATE/ZIP : PA 19147 MORTGAGE AMOUNT : 298,400.00 OPTION TO CONVERT : UNPAID BALANCE : 298,400.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,060.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 94.98600 ---------------------------------------------------------------- 0 0031256761 MORTGAGORS: VERNA GEORGE VERNA GWEN REGION CODE ADDRESS : 511 DELANCEY STREET 01 CITY : PHILADELPHIA STATE/ZIP : PA 19106 MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT : UNPAID BALANCE : 237,300.47 ANNUAL RATE ADJUST: MONTHLY P&I : 1,560.21 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,417,900.00 P & I AMT: 9,766.88 UPB AMT: 1,416,613.78 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 150 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031256829 MORTGAGORS: TRACHTENBERG MARK TRACHTENBERG SHARYN REGION CODE ADDRESS : 300 SOUTHGATE DRIVE 01 CITY : NORTHBROOK STATE/ZIP : IL 60062 MORTGAGE AMOUNT : 149,050.00 OPTION TO CONVERT : UNPAID BALANCE : 149,050.00 ANNUAL RATE ADJUST: MONTHLY P&I : 979.15 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 69.32500 ---------------------------------------------------------------- 0 0031257264 MORTGAGORS: GRANT TIMOTHY GRANT CATHY REGION CODE ADDRESS : 105 BELFREY DRIVE 01 CITY : GREER STATE/ZIP : SC 29650 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,789.96 ANNUAL RATE ADJUST: MONTHLY P&I : 1,642.33 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 43.10300 ---------------------------------------------------------------- 0 0031257280 MORTGAGORS: BELL ALLAN BELL DALE REGION CODE ADDRESS : 73 MAC ARTHUR AVENUE 01 CITY : CLOSTER STATE/ZIP : NJ 07624 MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT : UNPAID BALANCE : 450,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,146.47 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 69.23000 ---------------------------------------------------------------- 0 0031257371 MORTGAGORS: HEINZINGER MATTHEW HEINZINGER NATASHA REGION CODE ADDRESS : 1991 MOUNT SHASTA DRIVE 01 CITY : LOS ANGELES STATE/ZIP : CA 90732 MORTGAGE AMOUNT : 193,800.00 OPTION TO CONVERT : UNPAID BALANCE : 193,656.17 ANNUAL RATE ADJUST: MONTHLY P&I : 1,355.08 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 250 LTV : 95.00000 ---------------------------------------------------------------- 0 0031257421 MORTGAGORS: SCHMERGE ALBERT SCHMERGE JUDITH REGION CODE ADDRESS : 4670 HUNTRIDGE DRIVE 01 CITY : ROSWELL STATE/ZIP : GA 30075 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,680.12 ANNUAL RATE ADJUST: MONTHLY P&I : 2,694.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 24.24200 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,442,850.00 P & I AMT: 9,817.91 UPB AMT: 1,442,176.25 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 151 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031257454 MORTGAGORS: AGBA CHIBUEZE REGION CODE ADDRESS : 117-119 GRIGGS ROAD 01 CITY : BROOKLINE STATE/ZIP : MA 02146 MORTGAGE AMOUNT : 280,600.00 OPTION TO CONVERT : UNPAID BALANCE : 280,600.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,866.84 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 62.35500 ---------------------------------------------------------------- 0 0031257520 MORTGAGORS: MCILVAIN F MCILVAIN MARILYN REGION CODE ADDRESS : 2 COOL VALLEY ROAD 01 CITY : MALVERN STATE/ZIP : PA 19355 MORTGAGE AMOUNT : 252,200.00 OPTION TO CONVERT : UNPAID BALANCE : 252,012.83 ANNUAL RATE ADJUST: MONTHLY P&I : 1,763.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 66.71900 ---------------------------------------------------------------- 0 0031257595 MORTGAGORS: VEHORN JOHN VEHORN SONJA REGION CODE ADDRESS : 230 MARLIN DRIVE 01 CITY : SLIDELL STATE/ZIP : LA 70461 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,781.57 ANNUAL RATE ADJUST: MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 62.92134 ---------------------------------------------------------------- 0 0031257652 MORTGAGORS: WILSON WILLIAM WILSON KATHLEEN REGION CODE ADDRESS : 360 STERLING ROAD 01 CITY : KENILWORTH STATE/ZIP : IL 60043 MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT : UNPAID BALANCE : 302,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,163.56 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 250 LTV : 35.32100 ---------------------------------------------------------------- 0 0031257660 MORTGAGORS: REYNOLDS JOSHUA REYNOLDS SUSAN REGION CODE ADDRESS : 14756 N W JEWELL LANE 01 CITY : PORTLAND STATE/ZIP : OR 97229 MORTGAGE AMOUNT : 288,800.00 OPTION TO CONVERT : UNPAID BALANCE : 288,590.97 ANNUAL RATE ADJUST: MONTHLY P&I : 2,044.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,403,600.00 P & I AMT: 9,748.03 UPB AMT: 1,402,985.37 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 152 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031257793 MORTGAGORS: LAMBROS ELIZABETH BENITEZ ZULEYKA REGION CODE ADDRESS : 1028 WESLEY 01 CITY : EVANSTON STATE/ZIP : IL 60202 MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT : UNPAID BALANCE : 180,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,182.47 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 55.38400 ---------------------------------------------------------------- 0 0031257991 MORTGAGORS: WEXLER FRED WEXLER ROBIN REGION CODE ADDRESS : 139 ROLLING WOOD DRIVE 01 CITY : STAMFORD STATE/ZIP : CT 06905 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 288,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031258056 MORTGAGORS: LANSON STEVEN REGION CODE ADDRESS : 104 MUIRFIELD COURT 01 CITY : MOORESTOWN STATE/ZIP : NJ 08057 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,747.96 ANNUAL RATE ADJUST: MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 53.52300 ---------------------------------------------------------------- 0 0031258072 MORTGAGORS: ALEXANDER EDDIE ALEXANDER DINA REGION CODE ADDRESS : 423 SUMMIT DRIVE 01 CITY : REDWOOD CITY STATE/ZIP : CA 94062 MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT : UNPAID BALANCE : 649,102.42 ANNUAL RATE ADJUST: MONTHLY P&I : 4,712.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 74.54100 ---------------------------------------------------------------- 0 0031258189 MORTGAGORS: KLEVEN MARGARET REGION CODE ADDRESS : 5 GREYSTONE DRIVE 01 CITY : MIDDLETON STATE/ZIP : MA 01949 MORTGAGE AMOUNT : 185,000.00 OPTION TO CONVERT : UNPAID BALANCE : 185,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,246.38 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 71.15300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,603,000.00 P & I AMT: 11,077.26 UPB AMT: 1,601,850.38 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 153 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031258270 MORTGAGORS: ADRIANO RODOLFO ADRIANO CARMELITA REGION CODE ADDRESS : 149 MEADOWLAND DRIVE 01 CITY : MILPITAS STATE/ZIP : CA 95035 MORTGAGE AMOUNT : 368,000.00 OPTION TO CONVERT : UNPAID BALANCE : 367,491.82 ANNUAL RATE ADJUST: MONTHLY P&I : 2,668.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031258338 MORTGAGORS: GONZALEZ CARLOS GONZALEZ CORRINE REGION CODE ADDRESS : 1465 MONTE VISTA WAY 01 CITY : TRACY STATE/ZIP : CA 95376 MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT : UNPAID BALANCE : 257,661.33 ANNUAL RATE ADJUST: MONTHLY P&I : 1,915.64 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 78.18100 ---------------------------------------------------------------- 0 0031258387 MORTGAGORS: ACHTERBERG DOUGLAS REGION CODE ADDRESS : 7509 HANNUM AVENUE 01 CITY : CULVER CITY STATE/ZIP : CA 90230 MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT : UNPAID BALANCE : 255,663.95 ANNUAL RATE ADJUST: MONTHLY P&I : 1,900.79 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 94.97600 ---------------------------------------------------------------- 0 0031258429 MORTGAGORS: BAYER MARTIN CARRIERI GAYL REGION CODE ADDRESS : 601 4TH STREET UNIT # 116 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94107 MORTGAGE AMOUNT : 287,000.00 OPTION TO CONVERT : UNPAID BALANCE : 286,613.58 ANNUAL RATE ADJUST: MONTHLY P&I : 2,105.90 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 70.68900 ---------------------------------------------------------------- 0 0031258502 MORTGAGORS: GALEDRIGE ALFRED GALEDRIGE MOLLY REGION CODE ADDRESS : 1008 DARTMOUTH LANE 01 CITY : LOS ALTOS STATE/ZIP : CA 94024 MORTGAGE AMOUNT : 436,500.00 OPTION TO CONVERT : UNPAID BALANCE : 435,897.23 ANNUAL RATE ADJUST: MONTHLY P&I : 3,164.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 53.23100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,605,500.00 P & I AMT: 11,755.52 UPB AMT: 1,603,327.91 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 154 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031258726 MORTGAGORS: URSU DANIEL MCCARTHY-URSU ELLEN REGION CODE ADDRESS : 475 TREBISKY ROAD 01 CITY : RICHMOND HEIGHTS STATE/ZIP : OH 44143 MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT : UNPAID BALANCE : 269,789.37 ANNUAL RATE ADJUST: MONTHLY P&I : 1,841.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 74.58500 ---------------------------------------------------------------- 0 0031258940 MORTGAGORS: KRAEMER MARK KRAEMER CHRISTINE REGION CODE ADDRESS : 430 LAUREL AVENUE 01 CITY : WILMETTE STATE/ZIP : IL 60091 MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT : UNPAID BALANCE : 275,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 61.79700 ---------------------------------------------------------------- 0 0031258973 MORTGAGORS: WOOLF MICHAEL WOOLF PAMELA REGION CODE ADDRESS : 7411 S. RITA LANE #106 01 CITY : TEMPE STATE/ZIP : AZ 85283 MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT : UNPAID BALANCE : 349,726.96 ANNUAL RATE ADJUST: MONTHLY P&I : 2,387.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 66.03700 ---------------------------------------------------------------- 0 0031259807 MORTGAGORS: PADDEN HENRY TEAGUE JUDY REGION CODE ADDRESS : 2095 WEST SPRUCE AVENUE 01 CITY : FRESNO STATE/ZIP : CA 93711 MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT : UNPAID BALANCE : 263,799.12 ANNUAL RATE ADJUST: MONTHLY P&I : 1,823.38 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031259898 MORTGAGORS: LUNA MARIA REGION CODE ADDRESS : 131 FAIRHILLS DRIVE 01 CITY : SAN RAFAEL STATE/ZIP : CA 94901 MORTGAGE AMOUNT : 403,000.00 OPTION TO CONVERT : UNPAID BALANCE : 401,934.78 ANNUAL RATE ADJUST: MONTHLY P&I : 2,992.26 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 79.80100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,562,000.00 P & I AMT: 10,944.50 UPB AMT: 1,560,250.23 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 155 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031259955 MORTGAGORS: MCGINNIS JAMES MCGINNIS TIA REGION CODE ADDRESS : 17041 LOWELL CIRCLE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92649 MORTGAGE AMOUNT : 355,000.00 OPTION TO CONVERT : UNPAID BALANCE : 354,522.02 ANNUAL RATE ADJUST: MONTHLY P&I : 2,604.86 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 78.88800 ---------------------------------------------------------------- 0 0031260003 MORTGAGORS: BROWN LAWRENCE BROWN MAURA REGION CODE ADDRESS : 553 TAYLOR 01 CITY : GLEN ELLYN STATE/ZIP : IL 60137 MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT : UNPAID BALANCE : 262,109.16 ANNUAL RATE ADJUST: MONTHLY P&I : 1,835.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 82.03100 ---------------------------------------------------------------- 0 0031260029 MORTGAGORS: ANDERSON ELAINE REGION CODE ADDRESS : 449 W. MONTGOMERY AVE., #406 01 CITY : HAVERFORD STATE/ZIP : PA 19041 MORTGAGE AMOUNT : 118,400.00 OPTION TO CONVERT : UNPAID BALANCE : 118,309.91 ANNUAL RATE ADJUST: MONTHLY P&I : 817.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031260052 MORTGAGORS: OPPENHEIM STEPHEN OPPENHEIM MICHELLE REGION CODE ADDRESS : 13216 D'ARTAGNAN COURT 01 CITY : CREVE COEUR STATE/ZIP : MO 63141 MORTGAGE AMOUNT : 301,250.00 OPTION TO CONVERT : UNPAID BALANCE : 300,812.54 ANNUAL RATE ADJUST: MONTHLY P&I : 2,132.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 78.24600 ---------------------------------------------------------------- 0 0031260169 MORTGAGORS: BECK STEVEN DOBBS BECK VICKI REGION CODE ADDRESS : 1 MAIDEN LANE 01 CITY : FAIRFAX STATE/ZIP : CA 94930 MORTGAGE AMOUNT : 483,700.00 OPTION TO CONVERT : UNPAID BALANCE : 483,015.01 ANNUAL RATE ADJUST: MONTHLY P&I : 3,465.29 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 250 LTV : 74.99200 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,520,850.00 P & I AMT: 10,855.58 UPB AMT: 1,518,768.64 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 156 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031260284 MORTGAGORS: BLYUKHER LEONID SOBOLEVA NATALIA REGION CODE ADDRESS : 99 MENDOZA AVENUE 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94116 MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT : UNPAID BALANCE : 419,420.02 ANNUAL RATE ADJUST: MONTHLY P&I : 3,045.29 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 250 LTV : 75.00000 ---------------------------------------------------------------- 0 0031260508 MORTGAGORS: WANT DAMIAN GLAVINOVICH MIKEL REGION CODE ADDRESS : 722 ELVIRA AVENUE #A 01 CITY : REDONDO BEACH STATE/ZIP : CA 90277 MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT : UNPAID BALANCE : 309,560.99 ANNUAL RATE ADJUST: MONTHLY P&I : 2,220.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.48700 ---------------------------------------------------------------- 0 0031260524 MORTGAGORS: VELLIS CLARK VELLIS JILL REGION CODE ADDRESS : 549 MCDONALD DRIVE 01 CITY : INCLINE VILLAGE STATE/ZIP : NV 89451 MORTGAGE AMOUNT : 270,750.00 OPTION TO CONVERT : UNPAID BALANCE : 270,538.78 ANNUAL RATE ADJUST: MONTHLY P&I : 1,847.00 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031260615 MORTGAGORS: LOPEZ EDWARD DIETZ ELIZABETH REGION CODE ADDRESS : 23305 CLIFTON PLACE 01 CITY : VALENCIA STATE/ZIP : CA 91354 MORTGAGE AMOUNT : 357,200.00 OPTION TO CONVERT : UNPAID BALANCE : 356,921.35 ANNUAL RATE ADJUST: MONTHLY P&I : 2,436.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99700 ---------------------------------------------------------------- 0 0031260656 MORTGAGORS: CASSERA PETER CASSERA ANN REGION CODE ADDRESS : 237 FARMINGDALE ROAD 01 CITY : WAYNE STATE/ZIP : NJ 07470 MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT : UNPAID BALANCE : 258,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,803.98 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 69.72900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,615,950.00 P & I AMT: 11,353.88 UPB AMT: 1,614,441.14 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 157 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031260706 MORTGAGORS: GEBHARDT ARTHUR GEBHARDT LYLA REGION CODE ADDRESS : 7234 EAST CRIOLLO CIRCLE 01 CITY : ORANGE STATE/ZIP : CA 92869 MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT : UNPAID BALANCE : 295,774.77 ANNUAL RATE ADJUST: MONTHLY P&I : 2,044.40 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031260821 MORTGAGORS: JACKSON A REGION CODE ADDRESS : 5903 NORTH HAMPTON DR 01 CITY : AUSTIN STATE/ZIP : TX 78723 MORTGAGE AMOUNT : 59,600.00 OPTION TO CONVERT : UNPAID BALANCE : 59,555.77 ANNUAL RATE ADJUST: MONTHLY P&I : 416.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031260847 MORTGAGORS: CHAPMAN G CHAPMAN DIANNE REGION CODE ADDRESS : 140 BARNARD PLACE 01 CITY : ATLANTA STATE/ZIP : GA 30328 MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT : UNPAID BALANCE : 267,790.94 ANNUAL RATE ADJUST: MONTHLY P&I : 1,828.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031260854 MORTGAGORS: CARTY MARTIN MIRONE KIM REGION CODE ADDRESS : 81 CRESTLINE ROAD 01 CITY : STRAFFORD STATE/ZIP : PA 19087 MORTGAGE AMOUNT : 368,800.00 OPTION TO CONVERT : UNPAID BALANCE : 368,800.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,547.21 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031260870 MORTGAGORS: LEMAY WAYNE LEMAY DONNA REGION CODE ADDRESS : 1 DEERBROOK DRIVE 01 CITY : GRANBY STATE/ZIP : MA 01033 MORTGAGE AMOUNT : 154,000.00 OPTION TO CONVERT : UNPAID BALANCE : 154,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,159.55 OUTSIDE CONV DATE : LIFETIME RATE : 6.62500 MATURITY DATE : 03/01/18 CURRENT INT RATE: 6.62500 PRODUCT CODE : 002 LTV : 78.97400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,146,400.00 P & I AMT: 7,996.12 UPB AMT: 1,145,921.48 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 158 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031260938 MORTGAGORS: JENSEN STEVEN JENSEN MARY REGION CODE ADDRESS : 15 MALEA 01 CITY : LAGUNA NIGUEL STATE/ZIP : CA 92677 MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT : UNPAID BALANCE : 453,663.06 ANNUAL RATE ADJUST: MONTHLY P&I : 3,174.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.66600 ---------------------------------------------------------------- 0 0031260987 MORTGAGORS: MCNALLY HOWARD MCNALLY NANCY REGION CODE ADDRESS : 140 OVERLEIGH ROAD 01 CITY : BERNARDSVILLE STATE/ZIP : NJ 07924 MORTGAGE AMOUNT : 800,000.00 OPTION TO CONVERT : UNPAID BALANCE : 800,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 5,525.41 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 015 LTV : 63.24100 ---------------------------------------------------------------- 0 0031261118 MORTGAGORS: DIBENEDETTO MATTHEW DIBENEDETTO DOLORES REGION CODE ADDRESS : 955 S SPRINGFIELD AVE UNIT C702 01 CITY : SPRINGFIELD STATE/ZIP : NJ 07081 MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT : UNPAID BALANCE : 149,888.67 ANNUAL RATE ADJUST: MONTHLY P&I : 1,048.83 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 250 LTV : 64.37700 ---------------------------------------------------------------- 0 0031261209 MORTGAGORS: FOUNDS ROXANNE REGION CODE ADDRESS : 726 MARUDY DRIVE 01 CITY : UNION TOWNSHIP STATE/ZIP : NJ 08802 MORTGAGE AMOUNT : 184,000.00 OPTION TO CONVERT : UNPAID BALANCE : 184,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,270.85 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031261258 MORTGAGORS: SAUERS JAMES WRIGHT KIT REGION CODE ADDRESS : 5721 125TH LANE NE 01 CITY : KIRKLAND STATE/ZIP : WA 98033 MORTGAGE AMOUNT : 410,000.00 OPTION TO CONVERT : UNPAID BALANCE : 409,703.25 ANNUAL RATE ADJUST: MONTHLY P&I : 2,901.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 58.57100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,998,000.00 P & I AMT: 13,921.49 UPB AMT: 1,997,254.98 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 159 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031261290 MORTGAGORS: SILVA EUGENE SILVA SADIE REGION CODE ADDRESS : 98-1045 PALULA WAY 01 CITY : AIEA STATE/ZIP : HI 96701 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 300,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,046.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 81.52100 ---------------------------------------------------------------- 0 0031261605 MORTGAGORS: BRUNDAGE RICHARD FOLEY URSULINE REGION CODE ADDRESS : 23 RED BIRD ROAD 01 CITY : STAMFORD STATE/ZIP : CT 06905 MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT : UNPAID BALANCE : 289,768.10 ANNUAL RATE ADJUST: MONTHLY P&I : 1,953.78 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 77.43658 ---------------------------------------------------------------- 0 0031261712 MORTGAGORS: TOMLINSON JAMES REGION CODE ADDRESS : 92 REGENTS PARK 01 CITY : WESTPORT STATE/ZIP : CT 06880 MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT : UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,697.77 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 60.00000 ---------------------------------------------------------------- 0 0031261746 MORTGAGORS: GOLIKERI SANDEEP GOLIKERI SHAILAJA REGION CODE ADDRESS : 5 ANDERS WAY 01 CITY : ACTON STATE/ZIP : MA 01720 MORTGAGE AMOUNT : 436,000.00 OPTION TO CONVERT : UNPAID BALANCE : 436,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,048.58 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.49100 ---------------------------------------------------------------- 0 0031261852 MORTGAGORS: KOHL RICHARD KOHL TERESA REGION CODE ADDRESS : 72 STEVENS ROAD 01 CITY : NEEDHAM STATE/ZIP : MA 02192 MORTGAGE AMOUNT : 319,000.00 OPTION TO CONVERT : UNPAID BALANCE : 319,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,069.03 OUTSIDE CONV DATE : LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 6.75000 PRODUCT CODE : 002 LTV : 76.86700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,597,000.00 P & I AMT: 10,815.69 UPB AMT: 1,596,768.10 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 160 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031262009 MORTGAGORS: ESCAMILLA ROBERTO ESCAMILLA LUZ REGION CODE ADDRESS : 7739 ISLAND CREEK COURT 01 CITY : ALEXANDRIA STATE/ZIP : VA 22315 MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT : UNPAID BALANCE : 292,782.55 ANNUAL RATE ADJUST: MONTHLY P&I : 2,048.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 85.67200 ---------------------------------------------------------------- 0 0031262033 MORTGAGORS: BROOM WARD BROOM DONNA REGION CODE ADDRESS : 2580 MONTCLAIR PLACE 01 CITY : SNELLVILLE STATE/ZIP : GA 30278 MORTGAGE AMOUNT : 266,700.00 OPTION TO CONVERT : UNPAID BALANCE : 266,475.94 ANNUAL RATE ADJUST: MONTHLY P&I : 1,752.03 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 88.01900 ---------------------------------------------------------------- 0 0031262140 MORTGAGORS: COMBS JOHN COMBS NANCY REGION CODE ADDRESS : 2706 VIA VICTORIA 01 CITY : PALOS VERDES ESTATES STATE/ZIP : CA 90274 MORTGAGE AMOUNT : 578,500.00 OPTION TO CONVERT : UNPAID BALANCE : 578,070.67 ANNUAL RATE ADJUST: MONTHLY P&I : 4,044.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 67.26700 ---------------------------------------------------------------- 0 0031262207 MORTGAGORS: FISCHER BRADLEY FISCHER MARTHA REGION CODE ADDRESS : 5403 CEDAR CREEK DRIVE 01 CITY : HOUSTON STATE/ZIP : TX 77056 MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT : UNPAID BALANCE : 439,673.45 ANNUAL RATE ADJUST: MONTHLY P&I : 3,076.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031262454 MORTGAGORS: WEINRIEB ROBERT KRIVIT KAREN REGION CODE ADDRESS : 518 SOUTH NARBERTH AVE. 01 CITY : MERION STATE/ZIP : PA 19066 MORTGAGE AMOUNT : 248,600.00 OPTION TO CONVERT : UNPAID BALANCE : 248,391.14 ANNUAL RATE ADJUST: MONTHLY P&I : 1,633.13 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 79.17100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,826,800.00 P & I AMT: 12,555.37 UPB AMT: 1,825,393.75 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 161 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031262488 MORTGAGORS: VITRO BILLY VITRO SHANNON REGION CODE ADDRESS : 6852 ELDRIDGE DRIVE 01 CITY : SAN JOSE STATE/ZIP : CA 95120 MORTGAGE AMOUNT : 366,000.00 OPTION TO CONVERT : UNPAID BALANCE : 365,699.99 ANNUAL RATE ADJUST: MONTHLY P&I : 2,435.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031262553 MORTGAGORS: BUCK STEPHEN BUCK MARY REGION CODE ADDRESS : 15 STEWART STREET 01 CITY : FRANKLIN STATE/ZIP : MA 02038 MORTGAGE AMOUNT : 204,000.00 OPTION TO CONVERT : UNPAID BALANCE : 204,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,374.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 75.55500 ---------------------------------------------------------------- 0 0031262579 MORTGAGORS: WHITE JEFFERY REGION CODE ADDRESS : 6240 MULHOLLAND HIGHWAY 01 CITY : LOS ANGELES STATE/ZIP : CA 90068 MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT : UNPAID BALANCE : 255,805.20 ANNUAL RATE ADJUST: MONTHLY P&I : 1,768.13 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031263262 MORTGAGORS: KING STEPHEN HIROTO DIANE REGION CODE ADDRESS : 17 ALLSTON WAY 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94127 MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT : UNPAID BALANCE : 424,684.59 ANNUAL RATE ADJUST: MONTHLY P&I : 2,971.66 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 77.27272 ---------------------------------------------------------------- 0 0031263288 MORTGAGORS: CREAGER CLAYTON MCCOY MARTHA REGION CODE ADDRESS : 2209 MORA AVENUE 01 CITY : CALISTOGA STATE/ZIP : CA 94515 MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT : UNPAID BALANCE : 274,790.74 ANNUAL RATE ADJUST: MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 57.89470 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,526,000.00 P & I AMT: 10,448.55 UPB AMT: 1,524,980.52 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 162 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031263478 MORTGAGORS: SNEDDON GREGORY COHEN LISA REGION CODE ADDRESS : 305 BUCKMINSTER ROAD 01 CITY : BROOKLINE STATE/ZIP : MA 02146 MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT : UNPAID BALANCE : 549,591.82 ANNUAL RATE ADJUST: MONTHLY P&I : 3,845.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.86206 ---------------------------------------------------------------- 0 0031263551 MORTGAGORS: SHELBY EVAN SHELBY SUSAN REGION CODE ADDRESS : 2 BITTERSWEET LANE 01 CITY : HAMILTON STATE/ZIP : MA 01936 MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT : UNPAID BALANCE : 310,263.73 ANNUAL RATE ADJUST: MONTHLY P&I : 2,144.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031263692 MORTGAGORS: LESLIE CHRISTOPHER LESLIE MARIE REGION CODE ADDRESS : 445 KNOTTINGHAM CIRCLE 01 CITY : LIVERMORE STATE/ZIP : CA 94550 MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT : UNPAID BALANCE : 314,766.22 ANNUAL RATE ADJUST: MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 73.59800 ---------------------------------------------------------------- 0 0031263791 MORTGAGORS: MATKINS DOUGLAS MATKINS P REGION CODE ADDRESS : 5663 MIMOSA COURT 01 CITY : LIVERMORE STATE/ZIP : CA 94550 MORTGAGE AMOUNT : 273,750.00 OPTION TO CONVERT : UNPAID BALANCE : 273,546.84 ANNUAL RATE ADJUST: MONTHLY P&I : 1,914.10 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031264104 MORTGAGORS: LIKENS WILLIAM LIKENS ANNA REGION CODE ADDRESS : 1780 BEGEN AVENUE 01 CITY : MOUNTAIN VIEW STATE/ZIP : CA 94040 MORTGAGE AMOUNT : 263,000.00 OPTION TO CONVERT : UNPAID BALANCE : 261,998.74 ANNUAL RATE ADJUST: MONTHLY P&I : 1,838.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 64.14600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,712,250.00 P & I AMT: 11,945.79 UPB AMT: 1,710,167.35 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 163 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031264146 MORTGAGORS: SHELDEN GEOFFREY REGION CODE ADDRESS : 772 RIVER BIRCH COURT 01 CITY : PARK CITY STATE/ZIP : UT 84060 MORTGAGE AMOUNT : 262,500.00 OPTION TO CONVERT : UNPAID BALANCE : 262,310.01 ANNUAL RATE ADJUST: MONTHLY P&I : 1,857.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 72.91600 ---------------------------------------------------------------- 0 0031264179 MORTGAGORS: HENCH CURT HENCH LOIS REGION CODE ADDRESS : 10050 NORTH 118TH STREET 01 CITY : SCOTTSDALE STATE/ZIP : AZ 85259 MORTGAGE AMOUNT : 294,000.00 OPTION TO CONVERT : UNPAID BALANCE : 293,624.51 ANNUAL RATE ADJUST: MONTHLY P&I : 2,005.60 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 60.61800 ---------------------------------------------------------------- 0 0031264757 MORTGAGORS: MULDER EDDIE REGION CODE ADDRESS : 33537 DRILL ROAD 01 CITY : AGUA DULCE AREA STATE/ZIP : CA 91350 MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT : UNPAID BALANCE : 253,649.25 ANNUAL RATE ADJUST: MONTHLY P&I : 1,841.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 70.55500 ---------------------------------------------------------------- 0 0031264773 MORTGAGORS: MORGAN ROBERT REGION CODE ADDRESS : 4808 LYRIC LANE 01 CITY : SAN JOSE STATE/ZIP : CA 95111 MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT : UNPAID BALANCE : 244,670.13 ANNUAL RATE ADJUST: MONTHLY P&I : 1,797.72 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 77.53100 ---------------------------------------------------------------- 0 0031264880 MORTGAGORS: LIDDELL MICKEY REGION CODE ADDRESS : 1610 NORTH ORANGE GROVE AVENUE 01 CITY : LOS ANGELES STATE/ZIP : CA 90046 MORTGAGE AMOUNT : 504,000.00 OPTION TO CONVERT : UNPAID BALANCE : 503,304.02 ANNUAL RATE ADJUST: MONTHLY P&I : 3,654.35 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,559,500.00 P & I AMT: 11,157.31 UPB AMT: 1,557,557.92 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 164 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031264914 MORTGAGORS: MANTO DONATO MANTO MERLINDA REGION CODE ADDRESS : 832 FAN PALM COURT 01 CITY : SAN JOSE STATE/ZIP : CA 95133 MORTGAGE AMOUNT : 235,950.00 OPTION TO CONVERT : UNPAID BALANCE : 235,648.06 ANNUAL RATE ADJUST: MONTHLY P&I : 1,772.61 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 79.99600 ---------------------------------------------------------------- 0 0031264930 MORTGAGORS: DESILVA ELIZABETH DESILVA MAXWEL REGION CODE ADDRESS : 14817 ADDISON STREET 01 CITY : LOS ANGELES STATE/ZIP : CA 91403 MORTGAGE AMOUNT : 163,700.00 OPTION TO CONVERT : UNPAID BALANCE : 163,479.59 ANNUAL RATE ADJUST: MONTHLY P&I : 1,201.17 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 74.40900 ---------------------------------------------------------------- 0 0031264948 MORTGAGORS: KONSTAS LOUIS REGION CODE ADDRESS : 13284 KINGSFIELD COURT 01 CITY : SAN DIEGO STATE/ZIP : CA 92130 MORTGAGE AMOUNT : 224,100.00 OPTION TO CONVERT : UNPAID BALANCE : 223,782.64 ANNUAL RATE ADJUST: MONTHLY P&I : 1,605.48 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 74.97400 ---------------------------------------------------------------- 0 0031264955 MORTGAGORS: MANCINI JAMES MANCINI MIMI REGION CODE ADDRESS : 2556 MCALLISTER STREET 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94118 MORTGAGE AMOUNT : 242,000.00 OPTION TO CONVERT : UNPAID BALANCE : 241,665.82 ANNUAL RATE ADJUST: MONTHLY P&I : 1,754.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 70.76000 ---------------------------------------------------------------- 0 0031264963 MORTGAGORS: MARVIN MARC MARVIN SHEILA REGION CODE ADDRESS : 611 EUCALYPTUS WAY 01 CITY : MILL VALLEY STATE/ZIP : CA 94941 MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT : UNPAID BALANCE : 324,516.09 ANNUAL RATE ADJUST: MONTHLY P&I : 2,272.45 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 68.42100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,190,750.00 P & I AMT: 8,606.38 UPB AMT: 1,189,092.20 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 165 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031265010 MORTGAGORS: WETHERALD SHAWN WETHERALD DEBRA REGION CODE ADDRESS : 364 GOLF COURSE ROAD 01 CITY : LAKE ARROWHEAD STATE/ZIP : CA 92352 MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT : UNPAID BALANCE : 559,246.00 ANNUAL RATE ADJUST: MONTHLY P&I : 4,109.08 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- 0 0031265051 MORTGAGORS: WOOD KENT REGION CODE ADDRESS : 630 VINE AVENUE 01 CITY : SEBASTOPOL STATE/ZIP : CA 95472 MORTGAGE AMOUNT : 142,000.00 OPTION TO CONVERT : UNPAID BALANCE : 141,798.90 ANNUAL RATE ADJUST: MONTHLY P&I : 1,017.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 65.74000 ---------------------------------------------------------------- 0 0031265143 MORTGAGORS: TERBEST CYNTHIA REGION CODE ADDRESS : 6940 ROYAL HUNT RIDGE DRIVE 01 CITY : RIVERSIDE STATE/ZIP : CA 92506 MORTGAGE AMOUNT : 516,000.00 OPTION TO CONVERT : UNPAID BALANCE : 515,287.45 ANNUAL RATE ADJUST: MONTHLY P&I : 3,741.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031265234 MORTGAGORS: WATKINS DANIEL WATKINS CYNTHIA REGION CODE ADDRESS : 13641 VAQUERO COURT 01 CITY : SARATOGA STATE/ZIP : CA 95070 MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT : UNPAID BALANCE : 649,102.42 ANNUAL RATE ADJUST: MONTHLY P&I : 4,712.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 250 LTV : 65.00000 ---------------------------------------------------------------- 0 0031265937 MORTGAGORS: WHITNEY GREGG REGION CODE ADDRESS : 1456 VISTA CLARIDAD 01 CITY : SAN DIEGO STATE/ZIP : CA 92037 MORTGAGE AMOUNT : 364,000.00 OPTION TO CONVERT : UNPAID BALANCE : 363,529.85 ANNUAL RATE ADJUST: MONTHLY P&I : 2,545.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,232,000.00 P & I AMT: 16,125.85 UPB AMT: 2,228,964.62 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 166 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031265952 MORTGAGORS: BHATT AMY REGION CODE ADDRESS : 1 CINNAMON LANE 01 CITY : RANCHO PALOS VERDES STATE/ZIP : CA 90275 MORTGAGE AMOUNT : 500,000.00 OPTION TO CONVERT : UNPAID BALANCE : 499,638.11 ANNUAL RATE ADJUST: MONTHLY P&I : 3,538.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031266042 MORTGAGORS: HAVENS THOMAS HAVENS DAWN REGION CODE ADDRESS : 112 VALLEY VIEW DRIVE 01 CITY : PISMO BEACH STATE/ZIP : CA 93449 MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT : UNPAID BALANCE : 247,815.95 ANNUAL RATE ADJUST: MONTHLY P&I : 1,734.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.30700 ---------------------------------------------------------------- 0 0031266133 MORTGAGORS: HARPER VALERIE GREENBERG AVROM REGION CODE ADDRESS : 11 BARTON LANE 01 CITY : GREENWICH STATE/ZIP : CT 06807 MORTGAGE AMOUNT : 414,000.00 OPTION TO CONVERT : UNPAID BALANCE : 414,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,859.40 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 78.11300 ---------------------------------------------------------------- 0 0031266182 MORTGAGORS: MANNING KEITH REGION CODE ADDRESS : 16 LAKE STREET 01 CITY : ARLINGTON STATE/ZIP : MA 02174 MORTGAGE AMOUNT : 265,500.00 OPTION TO CONVERT : UNPAID BALANCE : 265,500.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,788.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031266737 MORTGAGORS: SMYTH AIDAN SMYTH BRIGITTE REGION CODE ADDRESS : 145-147 KINGSTON STREET 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94110 MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT : UNPAID BALANCE : 349,740.25 ANNUAL RATE ADJUST: MONTHLY P&I : 2,447.25 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.08600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,777,500.00 P & I AMT: 12,368.40 UPB AMT: 1,776,694.31 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 167 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031267081 MORTGAGORS: CHU ALEXANDER DAN MARGARITA REGION CODE ADDRESS : 28 BRIDGETOWN BEND 01 CITY : CORONADO STATE/ZIP : CA 92118 MORTGAGE AMOUNT : 250,900.00 OPTION TO CONVERT : UNPAID BALANCE : 250,553.53 ANNUAL RATE ADJUST: MONTHLY P&I : 1,819.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 73.79400 ---------------------------------------------------------------- 0 0031267099 MORTGAGORS: MCCARTHY JACK MCCARTHY PAM REGION CODE ADDRESS : 5946 RAINBOW DRIVE 01 CITY : SAN JOSE STATE/ZIP : CA 95129 MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT : UNPAID BALANCE : 374,468.94 ANNUAL RATE ADJUST: MONTHLY P&I : 2,686.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 65.21739 ---------------------------------------------------------------- 0 0031267313 MORTGAGORS: DICKSON KORT DICKSON SHARON REGION CODE ADDRESS : 140 GREENWAY DRIVE 01 CITY : BLOOMINGDALE STATE/ZIP : IL 60108 MORTGAGE AMOUNT : 120,000.00 OPTION TO CONVERT : UNPAID BALANCE : 120,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 818.61 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031267354 MORTGAGORS: MCINTOSH ANDREW MCINTOSH GERALYN REGION CODE ADDRESS : 755 WILLOW GLEN 01 CITY : ESCONDIDO STATE/ZIP : CA 92025 MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT : UNPAID BALANCE : 351,513.93 ANNUAL RATE ADJUST: MONTHLY P&I : 2,552.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031267438 MORTGAGORS: RENSHAW ALAN REGION CODE ADDRESS : 924,926 & 928 ELECTRIC AVENUE 01 CITY : LOS ANGELES STATE/ZIP : CA 90291 MORTGAGE AMOUNT : 256,800.00 OPTION TO CONVERT : UNPAID BALANCE : 256,454.23 ANNUAL RATE ADJUST: MONTHLY P&I : 1,884.31 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,354,700.00 P & I AMT: 9,760.91 UPB AMT: 1,352,990.63 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 168 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031267461 MORTGAGORS: ACORD STEVEN ACORD SAUNDRA REGION CODE ADDRESS : 3224 BALMORAL COURT 01 CITY : FAIRFIELD STATE/ZIP : CA 94533 MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT : UNPAID BALANCE : 338,754.64 ANNUAL RATE ADJUST: MONTHLY P&I : 2,399.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 77.04500 ---------------------------------------------------------------- 0 0031267636 MORTGAGORS: WATERLOO STEVEN WATERLOO CLARE REGION CODE ADDRESS : 125 DOWNEY STREET 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94117 MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT : UNPAID BALANCE : 359,502.87 ANNUAL RATE ADJUST: MONTHLY P&I : 2,610.25 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 72.00000 ---------------------------------------------------------------- 0 0031267834 MORTGAGORS: SEIDERS CHARLES SEIDERS APRIL REGION CODE ADDRESS : 8547 YODER STREET 01 CITY : MANASSAS STATE/ZIP : VA 20110 MORTGAGE AMOUNT : 163,200.00 OPTION TO CONVERT : UNPAID BALANCE : 162,944.61 ANNUAL RATE ADJUST: MONTHLY P&I : 1,113.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031267867 MORTGAGORS: MITCHELL MARVIN MITCHELL DAPHNE REGION CODE ADDRESS : 510 MARSHALL DRIVE 01 CITY : WEST CHESTER STATE/ZIP : PA 19380 MORTGAGE AMOUNT : 99,900.00 OPTION TO CONVERT : UNPAID BALANCE : 99,692.40 ANNUAL RATE ADJUST: MONTHLY P&I : 724.34 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 79.98300 ---------------------------------------------------------------- 0 0031267891 MORTGAGORS: MOORADIAN DAVID GRECO LAURA REGION CODE ADDRESS : 1930 BEL AIRE DRIVE 01 CITY : GLENDALE STATE/ZIP : CA 91201 MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT : UNPAID BALANCE : 244,616.58 ANNUAL RATE ADJUST: MONTHLY P&I : 1,671.34 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.67400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,207,100.00 P & I AMT: 8,518.66 UPB AMT: 1,205,511.10 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 169 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031267933 MORTGAGORS: KONG QIN KONG SHAOLIN REGION CODE ADDRESS : 5255 RUETTE DE MER 01 CITY : SAN DIEGO STATE/ZIP : CA 92130 MORTGAGE AMOUNT : 283,250.00 OPTION TO CONVERT : UNPAID BALANCE : 282,772.69 ANNUAL RATE ADJUST: MONTHLY P&I : 1,860.76 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 79.94000 ---------------------------------------------------------------- 0 0031267966 MORTGAGORS: HOENIG DAVID HOENIG HOLLY REGION CODE ADDRESS : 914 PUTNAM DRIVE 01 CITY : LOWER MAKEFIELD TOWNSHIP STATE/ZIP : PA 19067 MORTGAGE AMOUNT : 208,000.00 OPTION TO CONVERT : UNPAID BALANCE : 206,898.94 ANNUAL RATE ADJUST: MONTHLY P&I : 1,454.37 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 08/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031268014 MORTGAGORS: FOROOGHI GOLY FOROOGHI FARROKH REGION CODE ADDRESS : 1344 CARMEN DRIVE 01 CITY : GLENDALE STATE/ZIP : CA 91207 MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT : UNPAID BALANCE : 304,534.41 ANNUAL RATE ADJUST: MONTHLY P&I : 2,106.56 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 67.77700 ---------------------------------------------------------------- 0 0031268048 MORTGAGORS: MORGAN ROBERT HERNANDO JULIE REGION CODE ADDRESS : 27511 WOODFIELD PLACE 01 CITY : VALENCIA STATE/ZIP : CA 91354 MORTGAGE AMOUNT : 257,500.00 OPTION TO CONVERT : UNPAID BALANCE : 257,106.92 ANNUAL RATE ADJUST: MONTHLY P&I : 1,778.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.99300 ---------------------------------------------------------------- 0 0031268089 MORTGAGORS: BARTHOLOMEW ALAN KASCKOW RUTH REGION CODE ADDRESS : 5135 ALTA CANYADA RD 01 CITY : LA CANADA-FLINTRIDGE STATE/ZIP : CA 91011 MORTGAGE AMOUNT : 479,200.00 OPTION TO CONVERT : UNPAID BALANCE : 478,450.10 ANNUAL RATE ADJUST: MONTHLY P&I : 3,268.99 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,532,950.00 P & I AMT: 10,469.17 UPB AMT: 1,529,763.06 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 170 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031268147 MORTGAGORS: MAFFUCCI CONSTANCE REGION CODE ADDRESS : 1350 SEALE DR 01 CITY : ALPHARETTA STATE/ZIP : GA 30022 MORTGAGE AMOUNT : 275,900.00 OPTION TO CONVERT : UNPAID BALANCE : 275,684.77 ANNUAL RATE ADJUST: MONTHLY P&I : 1,882.13 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.98700 ---------------------------------------------------------------- 0 0031268196 MORTGAGORS: GUNNARSON ROLF GUNNARSON KAREN REGION CODE ADDRESS : 2313 OLD RANCH ROAD 01 CITY : ESCONDIDO STATE/ZIP : CA 92027 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,642.65 ANNUAL RATE ADJUST: MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 85.40591 ---------------------------------------------------------------- 0 0031268220 MORTGAGORS: MOLLOY MICHAEL MOLLOY JO REGION CODE ADDRESS : 3358 BELGROVE CIRCLE 01 CITY : SAN JOSE STATE/ZIP : CA 95148 MORTGAGE AMOUNT : 291,900.00 OPTION TO CONVERT : UNPAID BALANCE : 291,246.03 ANNUAL RATE ADJUST: MONTHLY P&I : 2,041.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 77.44700 ---------------------------------------------------------------- 0 0031268261 MORTGAGORS: KHALIL HANI KHALIL VIVIAN REGION CODE ADDRESS : 16318 BROOKSTONE CIRCLE 01 CITY : LA MIRADA STATE/ZIP : CA 90638 MORTGAGE AMOUNT : 282,900.00 OPTION TO CONVERT : UNPAID BALANCE : 282,457.28 ANNUAL RATE ADJUST: MONTHLY P&I : 1,929.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99400 ---------------------------------------------------------------- 0 0031268295 MORTGAGORS: COLEY TERRY COLEY LAURIE REGION CODE ADDRESS : 11568 VILLAGE RIDGE ROAD 01 CITY : SAN DIEGO STATE/ZIP : CA 92131 MORTGAGE AMOUNT : 234,300.00 OPTION TO CONVERT : UNPAID BALANCE : 233,924.14 ANNUAL RATE ADJUST: MONTHLY P&I : 1,578.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 79.98962 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,325,000.00 P & I AMT: 9,109.67 UPB AMT: 1,322,954.87 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 171 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031268352 MORTGAGORS: FITZGERALD BRIAN ENRIGHT LAURIE REGION CODE ADDRESS : 4830 DALEWOOD DRIVE 01 CITY : EL DORADO HILLS STATE/ZIP : CA 95762 MORTGAGE AMOUNT : 270,900.00 OPTION TO CONVERT : UNPAID BALANCE : 270,496.64 ANNUAL RATE ADJUST: MONTHLY P&I : 1,894.18 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 89.99970 ---------------------------------------------------------------- 0 0031268394 MORTGAGORS: SUTTER JEFFREY SUTTER CHIYEKO REGION CODE ADDRESS : 949 CAMINO VERA CRUZ 01 CITY : CAMARILLO STATE/ZIP : CA 93010 MORTGAGE AMOUNT : 252,350.00 OPTION TO CONVERT : UNPAID BALANCE : 251,892.62 ANNUAL RATE ADJUST: MONTHLY P&I : 1,678.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 79.98600 ---------------------------------------------------------------- 0 0031268444 MORTGAGORS: SIGNER STEPHEN SIGNER LINDA REGION CODE ADDRESS : 13176 SEA KNOLL CT 01 CITY : SAN DIEGO STATE/ZIP : CA 92130 MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT : UNPAID BALANCE : 366,425.67 ANNUAL RATE ADJUST: MONTHLY P&I : 2,503.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 74.59100 ---------------------------------------------------------------- 0 0031268469 MORTGAGORS: CROSTIC DANIEL CROSTIC CHRISTINA REGION CODE ADDRESS : 539 AVENIDA GAVIOTA 01 CITY : CAMARILLO STATE/ZIP : CA 93012 MORTGAGE AMOUNT : 265,350.00 OPTION TO CONVERT : UNPAID BALANCE : 264,924.34 ANNUAL RATE ADJUST: MONTHLY P&I : 1,787.72 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 79.99900 ---------------------------------------------------------------- 0 0031268485 MORTGAGORS: REMMERT TODD REMMERT CATHERINE REGION CODE ADDRESS : 102 TUNBRIDGE ROAD 01 CITY : BALTIMORE STATE/ZIP : MD 21212 MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT : UNPAID BALANCE : 315,552.48 ANNUAL RATE ADJUST: MONTHLY P&I : 2,263.87 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,471,600.00 P & I AMT: 10,128.26 UPB AMT: 1,469,291.75 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 172 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031268519 MORTGAGORS: MERANTE JUDY REGION CODE ADDRESS : 974 CAMINO VERA CRUZ 01 CITY : CAMARILLO STATE/ZIP : CA 93010 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 259,582.93 ANNUAL RATE ADJUST: MONTHLY P&I : 1,751.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 72.40400 ---------------------------------------------------------------- 0 0031268543 MORTGAGORS: NG TOMMY NG MEI MEI REGION CODE ADDRESS : 101 WINDROSE LANE 01 CITY : REDWOOD CITY STATE/ZIP : CA 94065 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,618.37 ANNUAL RATE ADJUST: MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 61.92700 ---------------------------------------------------------------- 0 0031268550 MORTGAGORS: CHALFIE ALAN ALLISON TERESA REGION CODE ADDRESS : 23226 WEST CICELY COURT 01 CITY : VALENCIA AREA STATE/ZIP : CA 91354 MORTGAGE AMOUNT : 269,600.00 OPTION TO CONVERT : UNPAID BALANCE : 269,198.57 ANNUAL RATE ADJUST: MONTHLY P&I : 1,885.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99700 ---------------------------------------------------------------- 0 0031268568 MORTGAGORS: PAUER MANUELA LEANG SOVARONG REGION CODE ADDRESS : 370 TREASURE ISLAND DRIVE 01 CITY : BELMONT STATE/ZIP : CA 94002 MORTGAGE AMOUNT : 276,000.00 OPTION TO CONVERT : UNPAID BALANCE : 275,589.04 ANNUAL RATE ADJUST: MONTHLY P&I : 1,929.84 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031268618 MORTGAGORS: KAOHU SCOTT KAOHU ANNETTE REGION CODE ADDRESS : 12207 COTTONWOOD GROVE COURT 01 CITY : SAN DIEGO STATE/ZIP : CA 92128 MORTGAGE AMOUNT : 260,500.00 OPTION TO CONVERT : UNPAID BALANCE : 260,092.35 ANNUAL RATE ADJUST: MONTHLY P&I : 1,777.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,316,100.00 P & I AMT: 9,070.36 UPB AMT: 1,314,081.26 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 173 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031268683 MORTGAGORS: SPAID BOBBY TSO KATHERINE REGION CODE ADDRESS : 2250 COUNTRY CLUB DRIVE 01 CITY : GLENDORA STATE/ZIP : CA 91741 MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT : UNPAID BALANCE : 407,436.58 ANNUAL RATE ADJUST: MONTHLY P&I : 2,958.29 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031268725 MORTGAGORS: SCHLESINGER JEFFREY SCHLESINGER ELIZABETH REGION CODE ADDRESS : 442 RIVER ROCK COURT 01 CITY : SAN JOSE STATE/ZIP : CA 95136 MORTGAGE AMOUNT : 266,000.00 OPTION TO CONVERT : UNPAID BALANCE : 265,807.47 ANNUAL RATE ADJUST: MONTHLY P&I : 1,882.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 73.88800 ---------------------------------------------------------------- 0 0031268741 MORTGAGORS: SMITH VERA REGION CODE ADDRESS : 13164 SEA KNOLL COURT 01 CITY : SAN DIEGO STATE/ZIP : CA 92130 MORTGAGE AMOUNT : 466,750.00 OPTION TO CONVERT : UNPAID BALANCE : 465,704.28 ANNUAL RATE ADJUST: MONTHLY P&I : 3,263.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99700 ---------------------------------------------------------------- 0 0031268782 MORTGAGORS: NAIFY JAMES NAIFY CARLIN REGION CODE ADDRESS : 5 KATHY COURT 01 CITY : SACRAMENTO STATE/ZIP : CA 95831 MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT : UNPAID BALANCE : 478,924.61 ANNUAL RATE ADJUST: MONTHLY P&I : 3,356.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 60.00000 ---------------------------------------------------------------- 0 0031268824 MORTGAGORS: VILLA-AGUSTIN RENE VILLA-AGUSTIN VICTORIA REGION CODE ADDRESS : 23701 WINGATE CT 01 CITY : VALENCIA STATE/ZIP : CA 91354 MORTGAGE AMOUNT : 253,400.00 OPTION TO CONVERT : UNPAID BALANCE : 253,003.44 ANNUAL RATE ADJUST: MONTHLY P&I : 1,728.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.96100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,874,150.00 P & I AMT: 13,189.49 UPB AMT: 1,870,876.38 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 174 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031268857 MORTGAGORS: TOOMAYAN ALAN TOOMAYAN KATHLEEN REGION CODE ADDRESS : 1085 ELLESMERE WAY 01 CITY : OAK PARK STATE/ZIP : CA 91301 MORTGAGE AMOUNT : 409,400.00 OPTION TO CONVERT : UNPAID BALANCE : 408,775.04 ANNUAL RATE ADJUST: MONTHLY P&I : 2,827.63 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.98800 ---------------------------------------------------------------- 0 0031268873 MORTGAGORS: FLOROS KRISTIE KROHN DAVID REGION CODE ADDRESS : 587 AVENIDA GAVIOTA 01 CITY : CAMARILLO STATE/ZIP : CA 93012 MORTGAGE AMOUNT : 257,950.00 OPTION TO CONVERT : UNPAID BALANCE : 257,536.21 ANNUAL RATE ADJUST: MONTHLY P&I : 1,737.86 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 79.98400 ---------------------------------------------------------------- 0 0031268956 MORTGAGORS: WILLIAMSON ALAN SNOW LYDIA REGION CODE ADDRESS : 1815 SOUTH BOULEVARD 01 CITY : EVANSTON STATE/ZIP : IL 60202 MORTGAGE AMOUNT : 149,850.00 OPTION TO CONVERT : UNPAID BALANCE : 149,850.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,022.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 89.73000 ---------------------------------------------------------------- 0 0031269111 MORTGAGORS: OLIPHANT CARL REGION CODE ADDRESS : 526 12TH STREET 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92648 MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT : UNPAID BALANCE : 246,815.84 ANNUAL RATE ADJUST: MONTHLY P&I : 1,727.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031269178 MORTGAGORS: HANSEN THOR REGION CODE ADDRESS : 9174 WEST UNION AVENUE 01 CITY : LITTLETON STATE/ZIP : CO 80123 MORTGAGE AMOUNT : 118,500.00 OPTION TO CONVERT : UNPAID BALANCE : 118,309.90 ANNUAL RATE ADJUST: MONTHLY P&I : 798.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 83.45000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,182,700.00 P & I AMT: 8,113.16 UPB AMT: 1,181,286.99 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 175 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031269467 MORTGAGORS: REAY ALAN REAY STEPHANIE REGION CODE ADDRESS : 1820 TRADEWINDS LANE 01 CITY : NEWPORT BEACH STATE/ZIP : CA 92660 MORTGAGE AMOUNT : 414,400.00 OPTION TO CONVERT : UNPAID BALANCE : 414,092.45 ANNUAL RATE ADJUST: MONTHLY P&I : 2,897.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031269525 MORTGAGORS: PENDERGAST SCOTT TAKACS-PENDERGAST JUDY REGION CODE ADDRESS : 38990 GLENLIVET COURT 01 CITY : SOLON STATE/ZIP : OH 44139 MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT : UNPAID BALANCE : 384,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,619.56 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 89.30200 ---------------------------------------------------------------- 0 0031269541 MORTGAGORS: CROFOOT RONALD REGION CODE ADDRESS : 3204 CENTER ST NE 01 CITY : SALEM STATE/ZIP : OR 97301 MORTGAGE AMOUNT : 52,000.00 OPTION TO CONVERT : UNPAID BALANCE : 51,918.63 ANNUAL RATE ADJUST: MONTHLY P&I : 354.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031269558 MORTGAGORS: MENDLESON BRUCE MENDLESON STACY REGION CODE ADDRESS : 18 ROUND UP ROAD 01 CITY : BELLCANYON STATE/ZIP : CA 91307 MORTGAGE AMOUNT : 546,000.00 OPTION TO CONVERT : UNPAID BALANCE : 545,130.31 ANNUAL RATE ADJUST: MONTHLY P&I : 4,006.36 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 70.90900 ---------------------------------------------------------------- 0 0031269632 MORTGAGORS: PEREIRA CARLOS REGION CODE ADDRESS : 296 NEW YORK AVENUE 01 CITY : NEWARK STATE/ZIP : NJ 07105 MORTGAGE AMOUNT : 214,700.00 OPTION TO CONVERT : UNPAID BALANCE : 214,410.92 ANNUAL RATE ADJUST: MONTHLY P&I : 1,575.39 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 250 LTV : 88.35300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,611,100.00 P & I AMT: 11,453.59 UPB AMT: 1,609,552.31 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 176 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031269665 MORTGAGORS: BURNS JACK BURNS KRISTINA REGION CODE ADDRESS : 306 MACTAVISH COURT 01 CITY : SUISUN CITY STATE/ZIP : CA 94585 MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT : UNPAID BALANCE : 335,499.72 ANNUAL RATE ADJUST: MONTHLY P&I : 2,349.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031269871 MORTGAGORS: DZERA PAUL DZERA BARBARA REGION CODE ADDRESS : 34 WEST MOUNT DRIVE 01 CITY : LIVINGSTON STATE/ZIP : NJ 07039 MORTGAGE AMOUNT : 346,000.00 OPTION TO CONVERT : UNPAID BALANCE : 346,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,448.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 50.88230 ---------------------------------------------------------------- 0 0031270044 MORTGAGORS: LEE BONG LEE OK REGION CODE ADDRESS : 2654 ORCHARD DRIVE 01 CITY : TUSTIN STATE/ZIP : CA 92782 MORTGAGE AMOUNT : 301,000.00 OPTION TO CONVERT : UNPAID BALANCE : 300,765.18 ANNUAL RATE ADJUST: MONTHLY P&I : 2,053.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 89.85300 ---------------------------------------------------------------- 0 0031270648 MORTGAGORS: KLINSKY WILLIAM KLINSKY GLENDA REGION CODE ADDRESS : 4914 REDWOOD DR 01 CITY : MC KINNEY STATE/ZIP : TX 75070 MORTGAGE AMOUNT : 109,000.00 OPTION TO CONVERT : UNPAID BALANCE : 109,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 762.14 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99700 ---------------------------------------------------------------- 0 0031270929 MORTGAGORS: PILLANS WILLIAM PILLANS LYNDA REGION CODE ADDRESS : 8921 GUERNSEY LANE 01 CITY : DALLAS STATE/ZIP : TX 75220 MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT : UNPAID BALANCE : 412,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,775.72 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,504,000.00 P & I AMT: 10,389.55 UPB AMT: 1,503,264.90 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 177 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031270937 MORTGAGORS: ADUSUMILLI PRASAD ADUSUMILLI GAYATRI REGION CODE ADDRESS : 2B GEIGER LANE 01 CITY : WARREN STATE/ZIP : NJ 07059 MORTGAGE AMOUNT : 455,000.00 OPTION TO CONVERT : UNPAID BALANCE : 454,662.32 ANNUAL RATE ADJUST: MONTHLY P&I : 3,181.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.83300 ---------------------------------------------------------------- 0 0031271380 MORTGAGORS: SOLEIMANI IRAJ SOLEIMANI SILVANA REGION CODE ADDRESS : 320 SO.PALM DR. 01 CITY : BEVERLY HILLS STATE/ZIP : CA 90212 MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT : UNPAID BALANCE : 314,766.22 ANNUAL RATE ADJUST: MONTHLY P&I : 2,202.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 52.50000 ---------------------------------------------------------------- 0 0031271497 MORTGAGORS: LODDING DAVID LODDING SUSAN REGION CODE ADDRESS : 1244 HUNTER CIRCLE 01 CITY : NAPERVILLE STATE/ZIP : IL 60540 MORTGAGE AMOUNT : 272,500.00 OPTION TO CONVERT : UNPAID BALANCE : 272,292.65 ANNUAL RATE ADJUST: MONTHLY P&I : 1,882.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 74.65700 ---------------------------------------------------------------- 0 0031272040 MORTGAGORS: CARPENTER GREGORY PERKINSON JULIE REGION CODE ADDRESS : 516 STANDARD STREET 01 CITY : EL SEGUNDO STATE/ZIP : CA 90245 MORTGAGE AMOUNT : 291,650.00 OPTION TO CONVERT : UNPAID BALANCE : 291,410.93 ANNUAL RATE ADJUST: MONTHLY P&I : 1,940.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031272222 MORTGAGORS: WALKER PATRICK WALKER ANN REGION CODE ADDRESS : 6424 EAST WATERTON AVENUE 01 CITY : ORANGE STATE/ZIP : CA 92867 MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT : UNPAID BALANCE : 303,768.67 ANNUAL RATE ADJUST: MONTHLY P&I : 2,099.66 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,638,150.00 P & I AMT: 11,306.07 UPB AMT: 1,636,900.79 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 178 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031272867 MORTGAGORS: HARRIS FRANK HARRIS RENEE REGION CODE ADDRESS : 811 S. ROXMERE ROAD 01 CITY : TAMPA STATE/ZIP : FL 33609 MORTGAGE AMOUNT : 352,000.00 OPTION TO CONVERT : UNPAID BALANCE : 351,757.76 ANNUAL RATE ADJUST: MONTHLY P&I : 2,552.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031273030 MORTGAGORS: O'BRIEN KEVIN O'BRIEN CHERYL REGION CODE ADDRESS : 1012 PANSY WAY 01 CITY : EL CAJON STATE/ZIP : CA 92019 MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT : UNPAID BALANCE : 427,581.74 ANNUAL RATE ADJUST: MONTHLY P&I : 2,992.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031273246 MORTGAGORS: SHI YUCHENG GE JIANLIN REGION CODE ADDRESS : 3100 E AVENIDA DE LOS ARBOLES #303 01 CITY : THOUSAND OAKS STATE/ZIP : CA 91362 MORTGAGE AMOUNT : 279,000.00 OPTION TO CONVERT : UNPAID BALANCE : 278,787.71 ANNUAL RATE ADJUST: MONTHLY P&I : 1,926.98 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 88.57142 ---------------------------------------------------------------- 0 0031273303 MORTGAGORS: DOLAN ROBERT DOLAN MARISA REGION CODE ADDRESS : 804 FELBAR AVENUE 01 CITY : TORRANCE STATE/ZIP : CA 90503 MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT : UNPAID BALANCE : 232,577.27 ANNUAL RATE ADJUST: MONTHLY P&I : 1,627.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031273394 MORTGAGORS: GRIFFITHS DON GRIFFITHS LINDA REGION CODE ADDRESS : 18082 BRENTWELL CIRCLE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92647 MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT : UNPAID BALANCE : 264,585.29 ANNUAL RATE ADJUST: MONTHLY P&I : 1,807.77 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 70.66600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,556,750.00 P & I AMT: 10,907.05 UPB AMT: 1,555,289.77 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 179 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031273444 MORTGAGORS: ZENK DAVID ZENK VICKI REGION CODE ADDRESS : 2174 LOS GATOS ALMADEN ROAD 01 CITY : SAN JOSE STATE/ZIP : CA 95124 MORTGAGE AMOUNT : 309,000.00 OPTION TO CONVERT : UNPAID BALANCE : 308,758.96 ANNUAL RATE ADJUST: MONTHLY P&I : 2,107.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 77.25000 ---------------------------------------------------------------- 0 0031273477 MORTGAGORS: BOURSIER BRUNO ZAVADIL JUDY REGION CODE ADDRESS : 8715 PUTNAM COURT 01 CITY : DUBLIN STATE/ZIP : CA 94568 MORTGAGE AMOUNT : 254,400.00 OPTION TO CONVERT : UNPAID BALANCE : 254,211.20 ANNUAL RATE ADJUST: MONTHLY P&I : 1,778.80 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031273485 MORTGAGORS: MCCANN ROBERT MCCANN LYNNE REGION CODE ADDRESS : 41 WEST COLONIAL HIGHWAY 01 CITY : HAMILTON STATE/ZIP : VA 20158 MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT : UNPAID BALANCE : 315,541.12 ANNUAL RATE ADJUST: MONTHLY P&I : 2,236.63 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 89.51800 ---------------------------------------------------------------- 0 0031273584 MORTGAGORS: PHILLIPS RICHARD PHILLIPS JUDY REGION CODE ADDRESS : 928 MAGNOLIA AVENUE 01 CITY : MODESTO STATE/ZIP : CA 95350 MORTGAGE AMOUNT : 351,900.00 OPTION TO CONVERT : UNPAID BALANCE : 351,401.65 ANNUAL RATE ADJUST: MONTHLY P&I : 2,521.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031273592 MORTGAGORS: HERZOG MICHAEL HERZOG ROBIN REGION CODE ADDRESS : 300 IRIS WAY 01 CITY : PALO ALTO STATE/ZIP : CA 94303 MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT : UNPAID BALANCE : 449,346.53 ANNUAL RATE ADJUST: MONTHLY P&I : 3,185.08 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 54.54500 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,681,300.00 P & I AMT: 11,829.49 UPB AMT: 1,679,259.46 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 180 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031273600 MORTGAGORS: ALEXANDER MARC ALEXANDER JENNIFER REGION CODE ADDRESS : 109 EL OLIVER 01 CITY : LOS GATOS STATE/ZIP : CA 95032 MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT : UNPAID BALANCE : 244,813.58 ANNUAL RATE ADJUST: MONTHLY P&I : 1,692.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 63.63600 ---------------------------------------------------------------- 0 0031273618 MORTGAGORS: VUKADINOVICH RENA HAYAMI DAVID REGION CODE ADDRESS : 2035 238TH STREET 01 CITY : TORRANCE STATE/ZIP : CA 90501 MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT : UNPAID BALANCE : 256,304.83 ANNUAL RATE ADJUST: MONTHLY P&I : 1,771.58 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031273626 MORTGAGORS: LEVITT RICHARD LEVITT MERRIE REGION CODE ADDRESS : 27372 WESTRIDGE LANE 01 CITY : LAGUNA HILLS STATE/ZIP : CA 92653 MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT : UNPAID BALANCE : 374,441.66 ANNUAL RATE ADJUST: MONTHLY P&I : 2,622.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 55.97000 ---------------------------------------------------------------- 0 0031273634 MORTGAGORS: SANJOTO EDI SANJOTO SUZIE REGION CODE ADDRESS : 2 CHATTANOOGA 01 CITY : IRVINE STATE/ZIP : CA 92620 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,633.64 ANNUAL RATE ADJUST: MONTHLY P&I : 1,657.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031273642 MORTGAGORS: HODGSON GRANGER HODGSON LESLIE REGION CODE ADDRESS : 5472 CAMINITO VISTA LUJO 01 CITY : SAN DIEGO STATE/ZIP : CA 92130 MORTGAGE AMOUNT : 237,150.00 OPTION TO CONVERT : UNPAID BALANCE : 236,796.90 ANNUAL RATE ADJUST: MONTHLY P&I : 1,658.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.05000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,353,650.00 P & I AMT: 9,401.59 UPB AMT: 1,351,990.61 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 181 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031273683 MORTGAGORS: GAO YONG ZHANG KUI REGION CODE ADDRESS : 43931 S. MORAY STREET 01 CITY : FREMONT STATE/ZIP : CA 94539 MORTGAGE AMOUNT : 344,000.00 OPTION TO CONVERT : UNPAID BALANCE : 343,500.46 ANNUAL RATE ADJUST: MONTHLY P&I : 2,434.81 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031273691 MORTGAGORS: BERRY CARL BERRY LINDEN REGION CODE ADDRESS : 150 ELDRIDGE AVENUE 01 CITY : MILL VALLEY STATE/ZIP : CA 94941 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,618.37 ANNUAL RATE ADJUST: MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 41.66600 ---------------------------------------------------------------- 0 0031273709 MORTGAGORS: HELFRICH DIANA HELFRICH PAUL REGION CODE ADDRESS : 648 GLENSIDE DRIVE 01 CITY : LAFAYETTE STATE/ZIP : CA 94549 MORTGAGE AMOUNT : 423,750.00 OPTION TO CONVERT : UNPAID BALANCE : 422,997.14 ANNUAL RATE ADJUST: MONTHLY P&I : 3,035.80 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031273717 MORTGAGORS: HURD MICHAEL HURD TAMI REGION CODE ADDRESS : 2792 WALKER LEE DRIVE 01 CITY : LOS ALAMITOS STATE/ZIP : CA 90720 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,448.40 ANNUAL RATE ADJUST: MONTHLY P&I : 1,910.10 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 74.66600 ---------------------------------------------------------------- 0 0031273725 MORTGAGORS: BARNES MELVIN BARNES LISA REGION CODE ADDRESS : 31820 FIRECREST ROAD 01 CITY : AREA OF AGUA DULCE STATE/ZIP : CA 91350 MORTGAGE AMOUNT : 298,150.00 OPTION TO CONVERT : UNPAID BALANCE : 297,706.07 ANNUAL RATE ADJUST: MONTHLY P&I : 2,084.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 89.89800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,595,900.00 P & I AMT: 11,192.11 UPB AMT: 1,593,270.44 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 182 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031273790 MORTGAGORS: BECKFORD LESLIE BECKFORD JOYCE REGION CODE ADDRESS : 28 YARMOUTH STREET 01 CITY : BOSTON STATE/ZIP : MA 02116 MORTGAGE AMOUNT : 584,000.00 OPTION TO CONVERT : UNPAID BALANCE : 583,518.44 ANNUAL RATE ADJUST: MONTHLY P&I : 3,885.37 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 66.74200 ---------------------------------------------------------------- 0 0031273808 MORTGAGORS: PLOWMAN BOYD PLOWMAN CAROL REGION CODE ADDRESS : 8022 CALLE CARABECOURT 01 CITY : RANCHO CUCAMONGA STATE/ZIP : CA 91730 MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT : UNPAID BALANCE : 227,677.10 ANNUAL RATE ADJUST: MONTHLY P&I : 1,633.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031273816 MORTGAGORS: MCHENRY JEFF MCHENRY SHARON REGION CODE ADDRESS : 18662 SANTA IRENE STREET 01 CITY : FOUNTAIN VALLEY STATE/ZIP : CA 92708 MORTGAGE AMOUNT : 327,800.00 OPTION TO CONVERT : UNPAID BALANCE : 327,556.72 ANNUAL RATE ADJUST: MONTHLY P&I : 2,292.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.80500 ---------------------------------------------------------------- 0 0031273824 MORTGAGORS: FODREY RONALD FODREY SANDRA REGION CODE ADDRESS : 355 SNYDER LANE 01 CITY : MOUNTAIN VIEW STATE/ZIP : CA 94043 MORTGAGE AMOUNT : 264,850.00 OPTION TO CONVERT : UNPAID BALANCE : 264,648.46 ANNUAL RATE ADJUST: MONTHLY P&I : 1,829.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.98900 ---------------------------------------------------------------- 0 0031273873 MORTGAGORS: LINN KENNETH REGION CODE ADDRESS : 6320 KELLOGG DRIVE 01 CITY : MCLEAN STATE/ZIP : VA 22101 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,645.94 ANNUAL RATE ADJUST: MONTHLY P&I : 1,791.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 59.52300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,654,650.00 P & I AMT: 11,431.13 UPB AMT: 1,653,046.66 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 183 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031273949 MORTGAGORS: KOSCINSKI WALDEMAR KOSCINSKI PATRICIA REGION CODE ADDRESS : 11040 STONEBROOK DRIVE 01 CITY : MANASSAS STATE/ZIP : VA 20112 MORTGAGE AMOUNT : 253,100.00 OPTION TO CONVERT : UNPAID BALANCE : 252,458.42 ANNUAL RATE ADJUST: MONTHLY P&I : 1,662.69 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 76.69600 ---------------------------------------------------------------- 0 0031274228 MORTGAGORS: HOOVER CARL HOOVER KATHLEEN REGION CODE ADDRESS : 27210 SOUTH RIDGE DRIVE 01 CITY : MISSION VIEJO STATE/ZIP : CA 92692 MORTGAGE AMOUNT : 333,000.00 OPTION TO CONVERT : UNPAID BALANCE : 332,740.23 ANNUAL RATE ADJUST: MONTHLY P&I : 2,271.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 70.85100 ---------------------------------------------------------------- 0 0031274244 MORTGAGORS: SESAR JEFFREY SESAR SHARON REGION CODE ADDRESS : 24100 CLARINGTON DRIVE 01 CITY : WEST HILLS AREA LOS ANGEL STATE/ZIP : CA 91304 MORTGAGE AMOUNT : 301,500.00 OPTION TO CONVERT : UNPAID BALANCE : 301,028.18 ANNUAL RATE ADJUST: MONTHLY P&I : 2,056.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 70.94100 ---------------------------------------------------------------- 0 0031274319 MORTGAGORS: WALSH STEPHEN WALSH ALISA REGION CODE ADDRESS : 47 HANCOCK STREET 01 CITY : LAGUNA NIGUEL STATE/ZIP : CA 92677 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,760.09 ANNUAL RATE ADJUST: MONTHLY P&I : 2,021.16 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 76.92300 ---------------------------------------------------------------- 0 0031274541 MORTGAGORS: DIAMOND MICHAEL DIAMOND REINA REGION CODE ADDRESS : 9300 FORESTVIEW ROAD 01 CITY : EVANSTON STATE/ZIP : IL 60203 MORTGAGE AMOUNT : 220,000.00 OPTION TO CONVERT : UNPAID BALANCE : 220,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,463.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 78.57100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,407,600.00 P & I AMT: 9,475.93 UPB AMT: 1,405,986.92 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 184 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031274707 MORTGAGORS: AUSTIN ROBERT AUSTIN LAURA REGION CODE ADDRESS : 5585 BANNERGATE DRIVE 01 CITY : ALPHARETTA STATE/ZIP : GA 30022 MORTGAGE AMOUNT : 229,200.00 OPTION TO CONVERT : UNPAID BALANCE : 228,379.58 ANNUAL RATE ADJUST: MONTHLY P&I : 1,583.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 71.62500 ---------------------------------------------------------------- 0 0031274731 MORTGAGORS: HUBAND BRADLEY HUBAND LINDA REGION CODE ADDRESS : 3950 FALLS RIDGE DRIVE 01 CITY : ALPHARETTA STATE/ZIP : GA 30202 MORTGAGE AMOUNT : 316,400.00 OPTION TO CONVERT : UNPAID BALANCE : 315,917.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,185.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031274798 MORTGAGORS: MUELLER KENT MUELLER SUZANNE REGION CODE ADDRESS : 932 ELMWOOD AVENUE 01 CITY : WILMETTE STATE/ZIP : IL 60091 MORTGAGE AMOUNT : 296,860.00 OPTION TO CONVERT : UNPAID BALANCE : 296,860.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,000.00 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 59.37200 ---------------------------------------------------------------- 0 0031274814 MORTGAGORS: RIDER GALE REGION CODE ADDRESS : ROUTE 3 BOX 830 01 CITY : AFTON STATE/ZIP : OK 74331 MORTGAGE AMOUNT : 96,000.00 OPTION TO CONVERT : UNPAID BALANCE : 96,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 671.25 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031274871 MORTGAGORS: BRYAN MORRIS BRYAN BARBARA REGION CODE ADDRESS : 203 STARBOARD SIDE 01 CITY : ANDERSON STATE/ZIP : SC 29625 MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT : UNPAID BALANCE : 324,284.79 ANNUAL RATE ADJUST: MONTHLY P&I : 2,302.00 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 77.38000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,263,460.00 P & I AMT: 8,741.58 UPB AMT: 1,261,441.37 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 185 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031274988 MORTGAGORS: HALPIN THOMAS REGION CODE ADDRESS : 7647 ALBERT TILLINGHAST DRIVE 01 CITY : SARASOTA STATE/ZIP : FL 34240 MORTGAGE AMOUNT : 430,600.00 OPTION TO CONVERT : UNPAID BALANCE : 428,500.58 ANNUAL RATE ADJUST: MONTHLY P&I : 3,195.67 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 06/01/26 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 79.74000 ---------------------------------------------------------------- 0 0031275621 MORTGAGORS: OLSON TIMOTHY OLSON KRISTEN REGION CODE ADDRESS : 1719 EAST ELMWOOD STREET 01 CITY : MESA STATE/ZIP : AZ 85203 MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT : UNPAID BALANCE : 294,769.87 ANNUAL RATE ADJUST: MONTHLY P&I : 2,012.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 56.94900 ---------------------------------------------------------------- 0 0031277056 MORTGAGORS: SARRAF NATALIE SARRAF DAVID REGION CODE ADDRESS : 2304 CENTURY HILL #77 01 CITY : LOS ANGELES STATE/ZIP : CA 90067 MORTGAGE AMOUNT : 393,750.00 OPTION TO CONVERT : UNPAID BALANCE : 393,427.24 ANNUAL RATE ADJUST: MONTHLY P&I : 2,619.63 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031277510 MORTGAGORS: NANAVATI NAYAN NANAVATI ALPA REGION CODE ADDRESS : 10 AUTUMN DRIVE 01 CITY : PISCATAWAY STATE/ZIP : NJ 08854 MORTGAGE AMOUNT : 285,900.00 OPTION TO CONVERT : UNPAID BALANCE : 285,693.07 ANNUAL RATE ADJUST: MONTHLY P&I : 2,023.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 89.34300 ---------------------------------------------------------------- 0 0031277577 MORTGAGORS: CHIPMAN PETER PATIN SHARON REGION CODE ADDRESS : 102 CABONERA DRIVE 01 CITY : SANTA CRUZ STATE/ZIP : CA 95060 MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT : UNPAID BALANCE : 311,756.61 ANNUAL RATE ADJUST: MONTHLY P&I : 2,128.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,717,250.00 P & I AMT: 11,979.70 UPB AMT: 1,714,147.37 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 186 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031277668 MORTGAGORS: JOHNSON BRADLEY JOHNSON MONICA REGION CODE ADDRESS : 1073 CLOVERBROOK DRIVE 01 CITY : SAN JOSE STATE/ZIP : CA 95120 MORTGAGE AMOUNT : 256,500.00 OPTION TO CONVERT : UNPAID BALANCE : 256,304.83 ANNUAL RATE ADJUST: MONTHLY P&I : 1,771.58 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031277981 MORTGAGORS: SMITH MICHAEL SMITH CHERIE REGION CODE ADDRESS : 4934 HUBNER CIRCLE 01 CITY : SARASOTA STATE/ZIP : FL 34241 MORTGAGE AMOUNT : 200,000.00 OPTION TO CONVERT : UNPAID BALANCE : 199,851.57 ANNUAL RATE ADJUST: MONTHLY P&I : 1,398.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 48.19200 ---------------------------------------------------------------- 0 0031278153 MORTGAGORS: DURANT VINCENT DURANT CYNTHIA REGION CODE ADDRESS : 125 CLEARBROOK DRIVE 01 CITY : ATLANTA STATE/ZIP : GA 30331 MORTGAGE AMOUNT : 254,200.00 OPTION TO CONVERT : UNPAID BALANCE : 254,011.34 ANNUAL RATE ADJUST: MONTHLY P&I : 1,777.41 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 94.98300 ---------------------------------------------------------------- 0 0031278401 MORTGAGORS: SADDINGTON MARY REGION CODE ADDRESS : 640 PINEHURST AVENUE 01 CITY : PLACENTIA STATE/ZIP : CA 92870 MORTGAGE AMOUNT : 176,000.00 OPTION TO CONVERT : UNPAID BALANCE : 175,756.97 ANNUAL RATE ADJUST: MONTHLY P&I : 1,276.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031278492 MORTGAGORS: SHAVER JERRY REGION CODE ADDRESS : 169 EAST PORTOLA AVENUE 01 CITY : LOS ALTOS STATE/ZIP : CA 94022 MORTGAGE AMOUNT : 513,600.00 OPTION TO CONVERT : UNPAID BALANCE : 512,890.76 ANNUAL RATE ADJUST: MONTHLY P&I : 3,723.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,400,300.00 P & I AMT: 9,947.50 UPB AMT: 1,398,815.47 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 187 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031278518 MORTGAGORS: STANCLIFF ROGER STANCLIFF VALERIE REGION CODE ADDRESS : 129 NOLAN COURT 01 CITY : FORESTVILLE STATE/ZIP : CA 95436 MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT : UNPAID BALANCE : 449,362.73 ANNUAL RATE ADJUST: MONTHLY P&I : 3,223.86 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 73.77049 ---------------------------------------------------------------- 0 0031278591 MORTGAGORS: NGUYEN LI QUANG NGUYEN DUYEN REGION CODE ADDRESS : 7055 ASHLEY DRIVE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92648 MORTGAGE AMOUNT : 335,950.00 OPTION TO CONVERT : UNPAID BALANCE : 335,437.15 ANNUAL RATE ADJUST: MONTHLY P&I : 2,320.33 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.99800 ---------------------------------------------------------------- 0 0031278609 MORTGAGORS: NIX THOMAS NIX MARSHA REGION CODE ADDRESS : 700 SOUTH CANYON MIST LANE 01 CITY : ANAHEIM STATE/ZIP : CA 92808 MORTGAGE AMOUNT : 435,800.00 OPTION TO CONVERT : UNPAID BALANCE : 435,118.01 ANNUAL RATE ADJUST: MONTHLY P&I : 2,972.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99300 ---------------------------------------------------------------- 0 0031278617 MORTGAGORS: VOIGT JULIAN VOIGT PATRICIA REGION CODE ADDRESS : 501 MERTON WOODS WAY 01 CITY : MILLERSVILLE STATE/ZIP : MD 21108 MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT : UNPAID BALANCE : 238,543.82 ANNUAL RATE ADJUST: MONTHLY P&I : 1,671.13 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99400 ---------------------------------------------------------------- 0 0031278633 MORTGAGORS: SUTHERLAND F. SUTHERLAND MARYELLEN REGION CODE ADDRESS : 7125 RAMSGATE COURT 01 CITY : CLARKSVILLE STATE/ZIP : MD 21029 MORTGAGE AMOUNT : 286,700.00 OPTION TO CONVERT : UNPAID BALANCE : 286,293.99 ANNUAL RATE ADJUST: MONTHLY P&I : 2,053.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,747,450.00 P & I AMT: 12,242.21 UPB AMT: 1,744,755.70 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 188 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031278641 MORTGAGORS: WOO KINGSON VACCA DOMENICA REGION CODE ADDRESS : 8220 HORTONIA POINT DRIVE 01 CITY : MILLERVILLE STATE/ZIP : MD 21108 MORTGAGE AMOUNT : 270,350.00 OPTION TO CONVERT : UNPAID BALANCE : 269,916.32 ANNUAL RATE ADJUST: MONTHLY P&I : 1,821.40 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 89.98900 ---------------------------------------------------------------- 0 0031278666 MORTGAGORS: FRANKLIN MARTIN REGION CODE ADDRESS : 12112 OAKVIEW WAY 01 CITY : SAN DIEGO STATE/ZIP : CA 92128 MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT : UNPAID BALANCE : 323,517.58 ANNUAL RATE ADJUST: MONTHLY P&I : 2,265.46 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.98900 ---------------------------------------------------------------- 0 0031278690 MORTGAGORS: YANG HEFEI LIU HONGJI REGION CODE ADDRESS : 13909 WILLOW TREE DRIVE 01 CITY : ROCKVILLE STATE/ZIP : MD 20850 MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT : UNPAID BALANCE : 331,467.42 ANNUAL RATE ADJUST: MONTHLY P&I : 2,236.75 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031278708 MORTGAGORS: GARDETTO ARNOLD REGION CODE ADDRESS : 1129 CENTER VILLE LANE 01 CITY : GARDNERVILLE STATE/ZIP : NV 89410 MORTGAGE AMOUNT : 268,500.00 OPTION TO CONVERT : UNPAID BALANCE : 268,047.45 ANNUAL RATE ADJUST: MONTHLY P&I : 1,923.57 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031278864 MORTGAGORS: BOADA ROBERT BOADA MARRA REGION CODE ADDRESS : 1658 3RD STREET 01 CITY : MANHATTAN BEACH STATE/ZIP : CA 90266 MORTGAGE AMOUNT : 484,500.00 OPTION TO CONVERT : UNPAID BALANCE : 480,802.10 ANNUAL RATE ADJUST: MONTHLY P&I : 3,305.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 75.70300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,679,350.00 P & I AMT: 11,552.33 UPB AMT: 1,673,750.87 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 189 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031278898 MORTGAGORS: ALLEN JAMES DEMAS SUSAN REGION CODE ADDRESS : 56 QUINCY AVENUE 01 CITY : LONG BEACH STATE/ZIP : CA 90803 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST: MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031278906 MORTGAGORS: ROBINSON DAVID ROBINSON CONSTANCE REGION CODE ADDRESS : 431 SANTA ANITA COURT 01 CITY : SIERRA MADRE STATE/ZIP : CA 91024 MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT : UNPAID BALANCE : 246,816.69 ANNUAL RATE ADJUST: MONTHLY P&I : 1,727.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.70800 ---------------------------------------------------------------- 0 0031278963 MORTGAGORS: SCHWARTZ CHARLES REGION CODE ADDRESS : 843 22ND STREET 01 CITY : SANTA MONICA STATE/ZIP : CA 90403 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST: MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 50.00000 ---------------------------------------------------------------- 0 0031279235 MORTGAGORS: WOODS RICHARD WOODS TERI REGION CODE ADDRESS : 13117 53RD STREET COURT EAST 01 CITY : EDGEWOOD STATE/ZIP : WA 98372 MORTGAGE AMOUNT : 289,000.00 OPTION TO CONVERT : UNPAID BALANCE : 287,736.17 ANNUAL RATE ADJUST: MONTHLY P&I : 1,971.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 87.57500 ---------------------------------------------------------------- 0 0031279524 MORTGAGORS: WILSON DAVID WILSON KELLY REGION CODE ADDRESS : 3732 NIPOMO AVENUE 01 CITY : LONG BEACH STATE/ZIP : CA 90818 MORTGAGE AMOUNT : 151,200.00 OPTION TO CONVERT : UNPAID BALANCE : 151,072.97 ANNUAL RATE ADJUST: MONTHLY P&I : 993.28 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 250 LTV : 79.57894 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,227,200.00 P & I AMT: 8,467.60 UPB AMT: 1,225,225.06 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 190 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031280027 MORTGAGORS: WHITMAN PAUL WHITMAN GWENDOLYN REGION CODE ADDRESS : 2752 PINERIDGE ROAD 01 CITY : CASTRO VALLEY STATE/ZIP : CA 94546 MORTGAGE AMOUNT : 269,100.00 OPTION TO CONVERT : UNPAID BALANCE : 268,699.33 ANNUAL RATE ADJUST: MONTHLY P&I : 1,881.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 74.75000 ---------------------------------------------------------------- 0 0031280068 MORTGAGORS: JANSSEN LUDO JANSSEN GENIA REGION CODE ADDRESS : 18929 CABERNET DRIVE 01 CITY : SARATOGA STATE/ZIP : CA 95070 MORTGAGE AMOUNT : 496,500.00 OPTION TO CONVERT : UNPAID BALANCE : 496,112.68 ANNUAL RATE ADJUST: MONTHLY P&I : 3,387.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 63.24840 ---------------------------------------------------------------- 0 0031280498 MORTGAGORS: SCHWARTZ PHILIP PREBLE LOUISE REGION CODE ADDRESS : 5105 BRADLEY BOULEVARD 01 CITY : CHEVY CHASE STATE/ZIP : MD 20815 MORTGAGE AMOUNT : 418,600.00 OPTION TO CONVERT : UNPAID BALANCE : 418,248.33 ANNUAL RATE ADJUST: MONTHLY P&I : 2,749.90 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 79.98165 ---------------------------------------------------------------- 0 0031280555 MORTGAGORS: MARSHALL DAVID MARSHALL MARGARET REGION CODE ADDRESS : 2271 FOREST GLEN DRIVE 01 CITY : WARRINGTON STATE/ZIP : PA 18976 MORTGAGE AMOUNT : 180,000.00 OPTION TO CONVERT : UNPAID BALANCE : 179,718.31 ANNUAL RATE ADJUST: MONTHLY P&I : 1,227.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031280571 MORTGAGORS: NAIL OWEN NAIL JANICE REGION CODE ADDRESS : 5475 BUCKHOLLOW DRIVE 01 CITY : ALPHARETTA STATE/ZIP : GA 30005 MORTGAGE AMOUNT : 246,000.00 OPTION TO CONVERT : UNPAID BALANCE : 245,812.81 ANNUAL RATE ADJUST: MONTHLY P&I : 1,699.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,610,200.00 P & I AMT: 10,945.48 UPB AMT: 1,608,591.46 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 191 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031280712 MORTGAGORS: JONES GARY JONES LISA REGION CODE ADDRESS : 45321 CAMINO MONZON 01 CITY : TEMECULA STATE/ZIP : CA 92592 MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT : UNPAID BALANCE : 237,319.28 ANNUAL RATE ADJUST: MONTHLY P&I : 1,640.35 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031280837 MORTGAGORS: FAUL CATHY REGION CODE ADDRESS : 59 S.CHURCH STREET 01 CITY : MACUNGIE STATE/ZIP : PA 18062 MORTGAGE AMOUNT : 62,400.00 OPTION TO CONVERT : UNPAID BALANCE : 62,318.08 ANNUAL RATE ADJUST: MONTHLY P&I : 463.32 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031280902 MORTGAGORS: DECARLO VINCENT DECARLO KIMBERLY REGION CODE ADDRESS : 10511 ASPEN WOOD COURT 01 CITY : MANASSAS STATE/ZIP : VA 20110 MORTGAGE AMOUNT : 171,900.00 OPTION TO CONVERT : UNPAID BALANCE : 171,630.99 ANNUAL RATE ADJUST: MONTHLY P&I : 1,172.66 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99000 ---------------------------------------------------------------- 0 0031280951 MORTGAGORS: HEAGNEY JAMES HEAGNEY MARTHA REGION CODE ADDRESS : 870 WEST ELLIS STREET 01 CITY : PALATINE STATE/ZIP : IL 60067 MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT : UNPAID BALANCE : 274,790.74 ANNUAL RATE ADJUST: MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 72.67000 ---------------------------------------------------------------- 0 0031280985 MORTGAGORS: KINCAID CHARLES KINCAID LAURA REGION CODE ADDRESS : 04612 STONE HOUSE COURT 01 CITY : SILVER SPRING STATE/ZIP : MD 20905 MORTGAGE AMOUNT : 178,000.00 OPTION TO CONVERT : UNPAID BALANCE : 177,601.21 ANNUAL RATE ADJUST: MONTHLY P&I : 1,244.60 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 924,800.00 P & I AMT: 6,420.29 UPB AMT: 923,660.30 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 192 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031281041 MORTGAGORS: COLTON GARY COLTON KATHLEEN REGION CODE ADDRESS : 65290 GERKING MARKET ROAD 01 CITY : BEND STATE/ZIP : OR 97701 MORTGAGE AMOUNT : 232,750.00 OPTION TO CONVERT : UNPAID BALANCE : 232,589.82 ANNUAL RATE ADJUST: MONTHLY P&I : 1,687.60 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031281157 MORTGAGORS: TRAN LAM TRAN ALINA REGION CODE ADDRESS : 9310 BENZON DRIVE 01 CITY : PLEASANTON STATE/ZIP : CA 94566 MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT : UNPAID BALANCE : 324,562.42 ANNUAL RATE ADJUST: MONTHLY P&I : 2,384.73 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 48.50700 ---------------------------------------------------------------- 0 0031281918 MORTGAGORS: WILLIAMS ANDREW WILLIAMS TRICIA REGION CODE ADDRESS : 2010 FOREST GLEN DRIVE 01 CITY : BRASELTON STATE/ZIP : GA 30517 MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT : UNPAID BALANCE : 364,442.83 ANNUAL RATE ADJUST: MONTHLY P&I : 2,520.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 76.84200 ---------------------------------------------------------------- 0 0031281934 MORTGAGORS: PARKER THOMAS PARKER CHRISTIE REGION CODE ADDRESS : 1253 CLAYFORD AVENUE 01 CITY : WESTLAKE VILLAGE AREA STATE/ZIP : CA 91361 MORTGAGE AMOUNT : 273,600.00 OPTION TO CONVERT : UNPAID BALANCE : 273,391.81 ANNUAL RATE ADJUST: MONTHLY P&I : 1,889.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 76.00000 ---------------------------------------------------------------- 0 0031281967 MORTGAGORS: HAMEED RASHID HAMEED SALMEEN REGION CODE ADDRESS : 1755 STONESGATE STREET 01 CITY : WESTLAKE VILLAGE AREA STATE/ZIP : CA 91361 MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT : UNPAID BALANCE : 282,805.24 ANNUAL RATE ADJUST: MONTHLY P&I : 2,051.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 75.46666 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,479,350.00 P & I AMT: 10,534.93 UPB AMT: 1,477,792.12 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 193 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031283021 MORTGAGORS: VANDENBERG DOUGLAS VANDENBERG KIMBERLY REGION CODE ADDRESS : 1918 BRIDLE CT. 01 CITY : ST. CHARLES STATE/ZIP : IL 60174 MORTGAGE AMOUNT : 227,150.00 OPTION TO CONVERT : UNPAID BALANCE : 227,150.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,727.17 OUTSIDE CONV DATE : LIFETIME RATE : 6.75000 MATURITY DATE : 03/01/18 CURRENT INT RATE: 6.75000 PRODUCT CODE : 002 LTV : 62.23200 ---------------------------------------------------------------- 0 0031283039 MORTGAGORS: FALACK EZRA FALACK RAQUEL REGION CODE ADDRESS : 2197 E 4TH ST 01 CITY : BROOKLYN STATE/ZIP : NY 11223 MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT : UNPAID BALANCE : 374,728.58 ANNUAL RATE ADJUST: MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 65.78900 ---------------------------------------------------------------- 0 0031283120 MORTGAGORS: ZHUKOVA ELENA REGION CODE ADDRESS : 689 WARNER AVENUE 01 CITY : LOS ANGELES STATE/ZIP : CA 90024 MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT : UNPAID BALANCE : 549,139.31 ANNUAL RATE ADJUST: MONTHLY P&I : 3,751.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 68.75000 ---------------------------------------------------------------- 0 0031283146 MORTGAGORS: BALCH WILBUR BALCH LA FONDA REGION CODE ADDRESS : 8864 WINE VALLEY CIRCLE 01 CITY : SAN JOSE STATE/ZIP : CA 95135 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 259,612.87 ANNUAL RATE ADJUST: MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 61.05800 ---------------------------------------------------------------- 0 0031283153 MORTGAGORS: PEACOCK C TANASE PAMELA REGION CODE ADDRESS : 463 CHERRY DRIVE 01 CITY : PASADENA STATE/ZIP : CA 91105 MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT : UNPAID BALANCE : 323,529.49 ANNUAL RATE ADJUST: MONTHLY P&I : 2,293.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,736,150.00 P & I AMT: 12,244.59 UPB AMT: 1,734,160.25 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 194 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031283187 MORTGAGORS: KANG YOUNG REGION CODE ADDRESS : 3119 DRYWOOD LANE 01 CITY : SAN JOSE STATE/ZIP : CA 95132 MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT : UNPAID BALANCE : 230,864.26 ANNUAL RATE ADJUST: MONTHLY P&I : 1,636.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031283203 MORTGAGORS: HOLM WILLIAM HOLM ROSA REGION CODE ADDRESS : 330 NORTH AMBER RIDGE LANE 01 CITY : WALNUT STATE/ZIP : CA 91789 MORTGAGE AMOUNT : 257,600.00 OPTION TO CONVERT : UNPAID BALANCE : 257,225.92 ANNUAL RATE ADJUST: MONTHLY P&I : 1,823.28 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031283245 MORTGAGORS: HOWARD DONALD HOWARD CORINNE REGION CODE ADDRESS : 2440 BENNETT 01 CITY : TUSTIN STATE/ZIP : CA 92782 MORTGAGE AMOUNT : 470,000.00 OPTION TO CONVERT : UNPAID BALANCE : 469,651.19 ANNUAL RATE ADJUST: MONTHLY P&I : 3,286.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 72.30700 ---------------------------------------------------------------- 0 0031283344 MORTGAGORS: BLASKO MARK BLASKO ALISON REGION CODE ADDRESS : 1755 JUNIPER AVENUE 01 CITY : TORRANCE STATE/ZIP : CA 90503 MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT : UNPAID BALANCE : 237,054.30 ANNUAL RATE ADJUST: MONTHLY P&I : 1,680.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 94.99800 ---------------------------------------------------------------- 0 0031283369 MORTGAGORS: ZEHNPFENNIG DAVID REGION CODE ADDRESS : 1204 23RD STREET 01 CITY : MANHATTAN BEACH STATE/ZIP : CA 90266 MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT : UNPAID BALANCE : 261,628.97 ANNUAL RATE ADJUST: MONTHLY P&I : 1,877.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 67.00700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,458,200.00 P & I AMT: 10,303.33 UPB AMT: 1,456,424.64 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 195 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031283450 MORTGAGORS: BONT MARCEL REGION CODE ADDRESS : 8107 LOYOLA BLVD 01 CITY : LOS ANGELES STATE/ZIP : CA 90045 MORTGAGE AMOUNT : 232,000.00 OPTION TO CONVERT : UNPAID BALANCE : 231,645.84 ANNUAL RATE ADJUST: MONTHLY P&I : 1,602.37 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 61.86600 ---------------------------------------------------------------- 0 0031283534 MORTGAGORS: CASEY ARTHUR SPITTERS CASEY MARY REGION CODE ADDRESS : 351 FLAMINGO DRIVE 01 CITY : CAMPBELL STATE/ZIP : CA 95008 MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT : UNPAID BALANCE : 284,553.99 ANNUAL RATE ADJUST: MONTHLY P&I : 1,944.21 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 49.56500 ---------------------------------------------------------------- 0 0031283559 MORTGAGORS: CLARK CHRIS CLARK CYNTHIA REGION CODE ADDRESS : 9581 BEACHSIDE DRIVE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92646 MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT : UNPAID BALANCE : 269,587.83 ANNUAL RATE ADJUST: MONTHLY P&I : 1,864.83 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 78.94700 ---------------------------------------------------------------- 0 0031283567 MORTGAGORS: THOMAS JEFFREY REGION CODE ADDRESS : 2905 BLOSSOM LANE 01 CITY : REDONDO BEACH STATE/ZIP : CA 90278 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,623.83 ANNUAL RATE ADJUST: MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031283575 MORTGAGORS: UNTERLEITNER KARL UNTERLEITNER FRED REGION CODE ADDRESS : 102 EAST CHARLESTON ROAD 01 CITY : PALO ALTO STATE/ZIP : CA 94306 MORTGAGE AMOUNT : 261,000.00 OPTION TO CONVERT : UNPAID BALANCE : 260,611.39 ANNUAL RATE ADJUST: MONTHLY P&I : 1,824.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 72.50000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,288,000.00 P & I AMT: 8,914.48 UPB AMT: 1,286,022.88 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 196 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031283674 MORTGAGORS: WAITS RONALD WAITS GAIL REGION CODE ADDRESS : 405 PARK AVENUE 01 CITY : CLEARWATER STATE/ZIP : FL 34616 MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT : UNPAID BALANCE : 274,336.36 ANNUAL RATE ADJUST: MONTHLY P&I : 1,967.21 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 10/01/26 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 73.33300 ---------------------------------------------------------------- 0 0031283765 MORTGAGORS: ARNS PAUL ARNS MARCIA REGION CODE ADDRESS : 1812 HUNTINGTON LANE #2 01 CITY : REDONDO BEACH STATE/ZIP : CA 90278 MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT : UNPAID BALANCE : 245,408.40 ANNUAL RATE ADJUST: MONTHLY P&I : 1,675.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031283781 MORTGAGORS: WALDRON GARY WALDRON NANCY REGION CODE ADDRESS : 5715 JOHNSTON PLACE 01 CITY : RANCHO CUCAMONGA STATE/ZIP : CA 91739 MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT : UNPAID BALANCE : 278,226.95 ANNUAL RATE ADJUST: MONTHLY P&I : 2,116.05 OUTSIDE CONV DATE : LIFETIME RATE : 8.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.37500 PRODUCT CODE : 002 LTV : 74.24000 ---------------------------------------------------------------- 0 0031283849 MORTGAGORS: CHADWELL THOMAS CHADWELL KRISTEN REGION CODE ADDRESS : 23979 SKYLINE 01 CITY : MISSION VIEJO STATE/ZIP : CA 92692 MORTGAGE AMOUNT : 336,000.00 OPTION TO CONVERT : UNPAID BALANCE : 335,737.89 ANNUAL RATE ADJUST: MONTHLY P&I : 2,292.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 78.93600 ---------------------------------------------------------------- 0 0031283997 MORTGAGORS: GILLETTE ALAN GILLETTE LORIE REGION CODE ADDRESS : 4929 EAST EMIGRATION CANYON ROAD 01 CITY : SALT LAKE CITY STATE/ZIP : UT 84108 MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT : UNPAID BALANCE : 339,357.16 ANNUAL RATE ADJUST: MONTHLY P&I : 2,661.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/18 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 77.27200 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,475,000.00 P & I AMT: 10,712.39 UPB AMT: 1,473,066.76 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 197 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031284045 MORTGAGORS: UDEH STEVEN UDEH ELIZABETH REGION CODE ADDRESS : 48 ARLEN WAY 01 CITY : WEST HARTFORD STATE/ZIP : CT 06117 MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT : UNPAID BALANCE : 268,800.36 ANNUAL RATE ADJUST: MONTHLY P&I : 1,880.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 72.70200 ---------------------------------------------------------------- 0 0031284177 MORTGAGORS: JUN BYUNG-IL HWANG SUNG REGION CODE ADDRESS : 1486 FALLEN LEAF DRIVE 01 CITY : LIVERMORE STATE/ZIP : CA 94550 MORTGAGE AMOUNT : 247,250.00 OPTION TO CONVERT : UNPAID BALANCE : 246,880.96 ANNUAL RATE ADJUST: MONTHLY P&I : 1,728.81 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 94.98200 ---------------------------------------------------------------- 0 0031284250 MORTGAGORS: CLIFT JOHN CLIFT LENORE REGION CODE ADDRESS : 8458 EAST HEATHERVIEW LANE 01 CITY : ORANGE STATE/ZIP : CA 92869 MORTGAGE AMOUNT : 231,600.00 OPTION TO CONVERT : UNPAID BALANCE : 231,262.35 ANNUAL RATE ADJUST: MONTHLY P&I : 1,639.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 89.99300 ---------------------------------------------------------------- 0 0031284425 MORTGAGORS: KOUGHAN FRANCIS REGION CODE ADDRESS : 605 CAVEDALE ROAD 01 CITY : GLEN ELLEN STATE/ZIP : CA 95442 MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT : UNPAID BALANCE : 247,158.22 ANNUAL RATE ADJUST: MONTHLY P&I : 1,794.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031284508 MORTGAGORS: BACH IRWIN BACH TERESA REGION CODE ADDRESS : 2303 CUATRO DRIVE 01 CITY : ROWLAND HEIGHTS AREA STATE/ZIP : CA 91748 MORTGAGE AMOUNT : 151,600.00 OPTION TO CONVERT : UNPAID BALANCE : 151,356.82 ANNUAL RATE ADJUST: MONTHLY P&I : 1,021.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 250 LTV : 75.80000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,146,950.00 P & I AMT: 8,064.87 UPB AMT: 1,145,458.71 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 198 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031284607 MORTGAGORS: WENDELL WILLIAM WENDELL ANNE REGION CODE ADDRESS : 14418 TIMBERGREEN DR 01 CITY : MAGNOLIA STATE/ZIP : TX 77355 MORTGAGE AMOUNT : 238,900.00 OPTION TO CONVERT : UNPAID BALANCE : 238,544.31 ANNUAL RATE ADJUST: MONTHLY P&I : 1,670.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 94.99000 ---------------------------------------------------------------- 0 0031284615 MORTGAGORS: GLEESPEN JAMES REGION CODE ADDRESS : 1410 BRUMMEL - UNIT #1 01 CITY : EVANSTON STATE/ZIP : IL 60202 MORTGAGE AMOUNT : 60,000.00 OPTION TO CONVERT : UNPAID BALANCE : 60,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 414.41 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031284797 MORTGAGORS: LAGASA BRUCE LAGASA FRIEDA REGION CODE ADDRESS : 4440 GARNER PLACE 01 CITY : BARTLETT STATE/ZIP : TN 38135 MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT : UNPAID BALANCE : 262,699.39 ANNUAL RATE ADJUST: MONTHLY P&I : 1,734.30 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031284912 MORTGAGORS: FUNKHOUSER MARGARET FUNKHOUSER JAMES REGION CODE ADDRESS : 10307 HICKORY CREEK COURT 01 CITY : GREAT FALLS STATE/ZIP : VA 22066 MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT : UNPAID BALANCE : 311,304.22 ANNUAL RATE ADJUST: MONTHLY P&I : 2,199.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/24 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031284920 MORTGAGORS: HICKS DAVID HICKS SHARON REGION CODE ADDRESS : 7934 LOBELIA LANE 01 CITY : SPRINGFIELD STATE/ZIP : VA 22152 MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT : UNPAID BALANCE : 271,541.66 ANNUAL RATE ADJUST: MONTHLY P&I : 1,786.85 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,146,900.00 P & I AMT: 7,805.34 UPB AMT: 1,144,089.58 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 199 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031284953 MORTGAGORS: MC KONE KAREN MC KONE MICHAEL REGION CODE ADDRESS : 7001 OLD STAGE ROAD 01 CITY : ROCKVILLE STATE/ZIP : MD 20852 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST: MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031285000 MORTGAGORS: KEEFE MARILYN GILLIGAN CHARLES REGION CODE ADDRESS : 3405 GARRISON STREET NW 01 CITY : WASHINGTON STATE/ZIP : DC 20008 MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT : UNPAID BALANCE : 379,703.56 ANNUAL RATE ADJUST: MONTHLY P&I : 2,592.27 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031285034 MORTGAGORS: BRANDT EDWARD BRANDT R. REGION CODE ADDRESS : 3076 YEATES LANE 01 CITY : VIRGINIA BEACH STATE/ZIP : VA 23452 MORTGAGE AMOUNT : 475,000.00 OPTION TO CONVERT : UNPAID BALANCE : 474,199.59 ANNUAL RATE ADJUST: MONTHLY P&I : 3,120.42 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 76.00000 ---------------------------------------------------------------- 0 0031285075 MORTGAGORS: JORDAN JOHN JORDAN JOYCE REGION CODE ADDRESS : 1012 PRIORY PLACE 01 CITY : MCLEAN STATE/ZIP : VA 22101 MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT : UNPAID BALANCE : 283,587.58 ANNUAL RATE ADJUST: MONTHLY P&I : 2,010.14 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031285083 MORTGAGORS: BALDWIN KENNON BALDWIN ALISON REGION CODE ADDRESS : 4460 NEWPORT AVENUE 01 CITY : SAN DIEGO STATE/ZIP : CA 92107 MORTGAGE AMOUNT : 264,400.00 OPTION TO CONVERT : UNPAID BALANCE : 263,943.42 ANNUAL RATE ADJUST: MONTHLY P&I : 1,714.90 OUTSIDE CONV DATE : LIFETIME RATE : 6.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 6.75000 PRODUCT CODE : 002 LTV : 58.75500 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,703,400.00 P & I AMT: 11,509.76 UPB AMT: 1,701,205.87 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 200 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031285208 MORTGAGORS: NICE THOMAS NICE AMY REGION CODE ADDRESS : 3111 NORTH 1ST ROAD 01 CITY : ARLINGTON STATE/ZIP : VA 22201 MORTGAGE AMOUNT : 239,300.00 OPTION TO CONVERT : UNPAID BALANCE : 239,103.85 ANNUAL RATE ADJUST: MONTHLY P&I : 1,592.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 56.98900 ---------------------------------------------------------------- 0 0031285224 MORTGAGORS: KOBITZ BENNETT FERGUSON LAUREEN REGION CODE ADDRESS : 1865 ALTAMOUNT DRIVE 01 CITY : FELTON STATE/ZIP : CA 95018 MORTGAGE AMOUNT : 228,400.00 OPTION TO CONVERT : UNPAID BALANCE : 227,848.78 ANNUAL RATE ADJUST: MONTHLY P&I : 1,538.78 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031285299 MORTGAGORS: SIMPSON DENNIS ERICKSON DEBRA REGION CODE ADDRESS : 15123 21ST DRIVE SE 01 CITY : MILL CREEK STATE/ZIP : WA 98012 MORTGAGE AMOUNT : 581,250.00 OPTION TO CONVERT : UNPAID BALANCE : 579,776.63 ANNUAL RATE ADJUST: MONTHLY P&I : 3,818.40 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031285430 MORTGAGORS: HIRABAYASHI JOY DETHIER BRIAN REGION CODE ADDRESS : 357 OLD OAK RD 01 CITY : LIVERMORE STATE/ZIP : CA 94550 MORTGAGE AMOUNT : 397,970.00 OPTION TO CONVERT : UNPAID BALANCE : 397,050.41 ANNUAL RATE ADJUST: MONTHLY P&I : 2,782.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99800 ---------------------------------------------------------------- 0 0031285471 MORTGAGORS: WOLTHERS MICKEY PEASLEE DON REGION CODE ADDRESS : 365 OLD OAK RD 01 CITY : LIVERMORE STATE/ZIP : CA 94550 MORTGAGE AMOUNT : 372,800.00 OPTION TO CONVERT : UNPAID BALANCE : 372,244.91 ANNUAL RATE ADJUST: MONTHLY P&I : 2,606.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,819,720.00 P & I AMT: 12,338.60 UPB AMT: 1,816,024.58 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 201 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031285513 MORTGAGORS: PEARSON JEREMIAH PEARSON PATRICIA REGION CODE ADDRESS : 8980 CAMINO DEL AVION 01 CITY : LOOMIS STATE/ZIP : CA 95650 MORTGAGE AMOUNT : 428,000.00 OPTION TO CONVERT : UNPAID BALANCE : 426,584.34 ANNUAL RATE ADJUST: MONTHLY P&I : 2,847.50 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031285554 MORTGAGORS: CHENEY WILLIAM MCLEAN EMMI REGION CODE ADDRESS : 5317 EAST PALISADES ROAD 01 CITY : SAN DIEGO STATE/ZIP : CA 92116 MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT : UNPAID BALANCE : 349,155.32 ANNUAL RATE ADJUST: MONTHLY P&I : 2,358.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 74.46800 ---------------------------------------------------------------- 0 0031285760 MORTGAGORS: ADAMO OMAR REGION CODE ADDRESS : 14882 PLUMOSA DR 01 CITY : JACKSONVILLE STATE/ZIP : FL 32250 MORTGAGE AMOUNT : 199,500.00 OPTION TO CONVERT : UNPAID BALANCE : 199,355.61 ANNUAL RATE ADJUST: MONTHLY P&I : 1,412.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- 0 0031285786 MORTGAGORS: WARNER RALPH WARNER NANCY REGION CODE ADDRESS : 114 ELIZABETH'S QUAY 01 CITY : YORKTOWN STATE/ZIP : VA 23692 MORTGAGE AMOUNT : 367,000.00 OPTION TO CONVERT : UNPAID BALANCE : 366,453.56 ANNUAL RATE ADJUST: MONTHLY P&I : 2,566.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.45800 ---------------------------------------------------------------- 0 0031285794 MORTGAGORS: BURDEN HARVEY BURDEN MYRA REGION CODE ADDRESS : 1013 SOMBRERO ROAD 01 CITY : PEBBLE BEACH STATE/ZIP : CA 93953 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 296,746.27 ANNUAL RATE ADJUST: MONTHLY P&I : 1,970.79 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 64.51600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,644,500.00 P & I AMT: 11,154.48 UPB AMT: 1,638,295.10 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 202 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031285810 MORTGAGORS: PLIS KENNETH PLIS JUDITH REGION CODE ADDRESS : 2109 TWISTED OAK LANE 01 CITY : ALPINE STATE/ZIP : CA 91901 MORTGAGE AMOUNT : 378,800.00 OPTION TO CONVERT : UNPAID BALANCE : 377,516.06 ANNUAL RATE ADJUST: MONTHLY P&I : 2,488.45 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 76.52500 ---------------------------------------------------------------- 0 0031285828 MORTGAGORS: VAN SETERS GEORGE VAN SETERS LISA REGION CODE ADDRESS : 6 VALLEY PLACE 01 CITY : CHESTER STATE/ZIP : NJ 07930 MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT : UNPAID BALANCE : 269,607.91 ANNUAL RATE ADJUST: MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031285919 MORTGAGORS: GROSZ NICHOLAS GROSZ LORETTA REGION CODE ADDRESS : 9752 BRIGHT SILK DRIVE 01 CITY : FAIRFAX STATION STATE/ZIP : VA 22039 MORTGAGE AMOUNT : 339,000.00 OPTION TO CONVERT : UNPAID BALANCE : 338,140.70 ANNUAL RATE ADJUST: MONTHLY P&I : 2,226.99 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 79.76400 ---------------------------------------------------------------- 0 0031285935 MORTGAGORS: TOWNSEND CHARLES REGION CODE ADDRESS : 16641 J.M. PEARCE ROAD 01 CITY : MONKTON STATE/ZIP : MD 21111 MORTGAGE AMOUNT : 393,000.00 OPTION TO CONVERT : UNPAID BALANCE : 389,467.55 ANNUAL RATE ADJUST: MONTHLY P&I : 2,883.70 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 35.72700 ---------------------------------------------------------------- 0 0031285950 MORTGAGORS: COMPTON DAVID COMPTON DONNA REGION CODE ADDRESS : 14060 A.IS COURT 01 CITY : WOODBRIDGE STATE/ZIP : VA 22193 MORTGAGE AMOUNT : 314,400.00 OPTION TO CONVERT : UNPAID BALANCE : 313,746.62 ANNUAL RATE ADJUST: MONTHLY P&I : 2,279.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 79.59400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,695,200.00 P & I AMT: 11,789.81 UPB AMT: 1,688,478.84 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 203 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031285976 MORTGAGORS: RHODES DONNA ROLLIE DONALD REGION CODE ADDRESS : 7828 WHITERIM TERRACE 01 CITY : POTOMAC STATE/ZIP : MD 20854 MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT : UNPAID BALANCE : 263,616.63 ANNUAL RATE ADJUST: MONTHLY P&I : 1,868.58 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031286057 MORTGAGORS: STOUT CLAUDE STOUT JUDY REGION CODE ADDRESS : 18812 LAKE PLACID LANE 01 CITY : GERMANTOWN STATE/ZIP : MD 20874 MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT : UNPAID BALANCE : 257,606.15 ANNUAL RATE ADJUST: MONTHLY P&I : 1,781.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 77.94500 ---------------------------------------------------------------- 0 0031286099 MORTGAGORS: MAY PAUL MAY JENNIFER REGION CODE ADDRESS : 320 OTERO 01 CITY : NEWPORT BEACH STATE/ZIP : CA 92660 MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT : UNPAID BALANCE : 323,753.46 ANNUAL RATE ADJUST: MONTHLY P&I : 2,237.79 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031286263 MORTGAGORS: MUNSELLE WESTON MUNSELLE SOPHIE REGION CODE ADDRESS : 95 MONTE VISTA LANE 01 CITY : SIERRA MADRE STATE/ZIP : CA 91024 MORTGAGE AMOUNT : 372,000.00 OPTION TO CONVERT : UNPAID BALANCE : 371,709.80 ANNUAL RATE ADJUST: MONTHLY P&I : 2,537.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.14800 ---------------------------------------------------------------- 0 0031286305 MORTGAGORS: FENTON ROBERT POOLER MARGARET REGION CODE ADDRESS : 7112 CRABBURY COURT 01 CITY : CLARKSVILLE STATE/ZIP : MD 21029 MORTGAGE AMOUNT : 328,800.00 OPTION TO CONVERT : UNPAID BALANCE : 328,310.43 ANNUAL RATE ADJUST: MONTHLY P&I : 2,299.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,546,800.00 P & I AMT: 10,725.04 UPB AMT: 1,544,996.47 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 204 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031286362 MORTGAGORS: SLAUGHTER CHESTER SLAUGHTER MYRA REGION CODE ADDRESS : 12400 WOODWALK TERRACE 01 CITY : MITCHELLVILLE STATE/ZIP : MD 20721 MORTGAGE AMOUNT : 318,150.00 OPTION TO CONVERT : UNPAID BALANCE : 317,664.33 ANNUAL RATE ADJUST: MONTHLY P&I : 2,197.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.95400 ---------------------------------------------------------------- 0 0031286388 MORTGAGORS: HOUSER ERIC HOUSER KATHERINE REGION CODE ADDRESS : 6173 SUNSET CREST WAY 01 CITY : SAN DIEGO STATE/ZIP : CA 92121 MORTGAGE AMOUNT : 273,900.00 OPTION TO CONVERT : UNPAID BALANCE : 273,512.11 ANNUAL RATE ADJUST: MONTHLY P&I : 1,962.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 94.97500 ---------------------------------------------------------------- 0 0031286420 MORTGAGORS: VICKERS ACIE GILROY LINDA REGION CODE ADDRESS : 11433 SENECA FOREST CIRCLE 01 CITY : GERMANTOWN STATE/ZIP : MD 20876 MORTGAGE AMOUNT : 321,600.00 OPTION TO CONVERT : UNPAID BALANCE : 321,144.55 ANNUAL RATE ADJUST: MONTHLY P&I : 2,303.99 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.99000 ---------------------------------------------------------------- 0 0031286461 MORTGAGORS: HATTEM BENSON CARTER HAZEL REGION CODE ADDRESS : 88 BAY VIEW AVENUE 01 CITY : BELVEDERE STATE/ZIP : CA 94920 MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT : UNPAID BALANCE : 374,707.47 ANNUAL RATE ADJUST: MONTHLY P&I : 2,558.16 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 71.42857 ---------------------------------------------------------------- 0 0031286545 MORTGAGORS: TANNER DAVID TANNER MARY REGION CODE ADDRESS : 12495 WARDELL COURT 01 CITY : SARATOGA STATE/ZIP : CA 95070 MORTGAGE AMOUNT : 494,500.00 OPTION TO CONVERT : UNPAID BALANCE : 493,419.45 ANNUAL RATE ADJUST: MONTHLY P&I : 3,500.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 68.20600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,783,150.00 P & I AMT: 12,521.84 UPB AMT: 1,780,447.91 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 205 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031286586 MORTGAGORS: TRIPP MARK PEACOCK RHONDA REGION CODE ADDRESS : 191 BELOIT AVENUE 01 CITY : LOS ANGELES STATE/ZIP : CA 90049 MORTGAGE AMOUNT : 448,000.00 OPTION TO CONVERT : UNPAID BALANCE : 447,021.05 ANNUAL RATE ADJUST: MONTHLY P&I : 3,170.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 77.91300 ---------------------------------------------------------------- 0 0031286628 MORTGAGORS: KOLBER BEN KOLBER BERENICE REGION CODE ADDRESS : 1504 NOTRE DAME AVENUE 01 CITY : BELMONT STATE/ZIP : CA 94002 MORTGAGE AMOUNT : 282,500.00 OPTION TO CONVERT : UNPAID BALANCE : 281,882.69 ANNUAL RATE ADJUST: MONTHLY P&I : 1,999.52 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 55.39200 ---------------------------------------------------------------- 0 0031286743 MORTGAGORS: FITZGERALD JOHN FITZGERALD MICHELLE REGION CODE ADDRESS : 14 CHESTERWOOD 01 CITY : ALISO VIEJO STATE/ZIP : CA 92656 MORTGAGE AMOUNT : 247,450.00 OPTION TO CONVERT : UNPAID BALANCE : 247,099.57 ANNUAL RATE ADJUST: MONTHLY P&I : 1,772.77 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 94.99700 ---------------------------------------------------------------- 0 0031286792 MORTGAGORS: GJELTEN THOMAS GJELTEN MARTHA REGION CODE ADDRESS : 2609 LORCOM LANE 01 CITY : ARLINGTON STATE/ZIP : VA 22207 MORTGAGE AMOUNT : 393,600.00 OPTION TO CONVERT : UNPAID BALANCE : 393,013.95 ANNUAL RATE ADJUST: MONTHLY P&I : 2,752.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031286800 MORTGAGORS: RICKETTS ROGER RICKETTS ROSEMARY REGION CODE ADDRESS : 23709 WINGATE COURT 01 CITY : VALENCIA STATE/ZIP : CA 91354 MORTGAGE AMOUNT : 290,650.00 OPTION TO CONVERT : UNPAID BALANCE : 290,030.58 ANNUAL RATE ADJUST: MONTHLY P&I : 2,082.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 94.99800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,662,200.00 P & I AMT: 11,777.58 UPB AMT: 1,659,047.84 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 206 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031286891 MORTGAGORS: ENGEL JOHN ENGEL MINDY REGION CODE ADDRESS : 55 BEECHAM COURT 01 CITY : OWINGS MILLS STATE/ZIP : MD 21117 MORTGAGE AMOUNT : 275,700.00 OPTION TO CONVERT : UNPAID BALANCE : 275,319.28 ANNUAL RATE ADJUST: MONTHLY P&I : 1,999.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 84.99400 ---------------------------------------------------------------- 0 0031287055 MORTGAGORS: BERK DAVID BERK ROSALIE REGION CODE ADDRESS : 5040 SEDGWICK STREET N.W. 01 CITY : WASHINGTON STATE/ZIP : DC 20016 MORTGAGE AMOUNT : 365,000.00 OPTION TO CONVERT : UNPAID BALANCE : 364,456.53 ANNUAL RATE ADJUST: MONTHLY P&I : 2,552.14 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 54.07407 ---------------------------------------------------------------- 0 0031287121 MORTGAGORS: ADKINS JAMES ADKINS LINDA REGION CODE ADDRESS : 2003 BARNWOOD TERRACE 01 CITY : VIENNA STATE/ZIP : VA 22181 MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT : UNPAID BALANCE : 329,508.65 ANNUAL RATE ADJUST: MONTHLY P&I : 2,307.41 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 71.42800 ---------------------------------------------------------------- 0 0031287188 MORTGAGORS: DUNN WILLIAM DUNN SUSAN REGION CODE ADDRESS : 4445 BURGESS HILL LANE 01 CITY : ALPHARETTA STATE/ZIP : GA 30022 MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT : UNPAID BALANCE : 329,496.25 ANNUAL RATE ADJUST: MONTHLY P&I : 2,279.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031287915 MORTGAGORS: NEAL STEVEN NEAL CHRISTINE REGION CODE ADDRESS : 1103 FONTAINE DRIVE 01 CITY : SOUTHLAKE STATE/ZIP : TX 76092 MORTGAGE AMOUNT : 266,400.00 OPTION TO CONVERT : UNPAID BALANCE : 266,197.29 ANNUAL RATE ADJUST: MONTHLY P&I : 1,839.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,567,100.00 P & I AMT: 10,977.76 UPB AMT: 1,564,978.00 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 207 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031288020 MORTGAGORS: MARTINSON THOMAS MARTINSON JOAN REGION CODE ADDRESS : 140 BARRY AVENUE NORTH 01 CITY : WAYZATA STATE/ZIP : MN 55391 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST: MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 63.85800 ---------------------------------------------------------------- 0 0031288665 MORTGAGORS: LLOYD DARRELL REGION CODE ADDRESS : 4770 FEATHER CREEK COURT 01 CITY : STONE MOUNTAIN STATE/ZIP : GA 30087 MORTGAGE AMOUNT : 193,500.00 OPTION TO CONVERT : UNPAID BALANCE : 193,349.04 ANNUAL RATE ADJUST: MONTHLY P&I : 1,320.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99100 ---------------------------------------------------------------- 0 0031289168 MORTGAGORS: SMITH WILLIAM LOE-SMITH TERI-MARIE REGION CODE ADDRESS : 1455 BRYANT DRIVE 01 CITY : LONG BEACH STATE/ZIP : CA 90815 MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT : UNPAID BALANCE : 519,573.76 ANNUAL RATE ADJUST: MONTHLY P&I : 3,459.57 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031289515 MORTGAGORS: PLATEK STANLEY PLATEK LAURA REGION CODE ADDRESS : 2205 TYLER PLACE 01 CITY : CHARLOTESVILLE STATE/ZIP : VA 22901 MORTGAGE AMOUNT : 319,800.00 OPTION TO CONVERT : UNPAID BALANCE : 319,323.25 ANNUAL RATE ADJUST: MONTHLY P&I : 2,236.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031289572 MORTGAGORS: PHELAN JOHN PHELAN MARSHA REGION CODE ADDRESS : 1573 COMANCHE ROAD 01 CITY : ARNOLD STATE/ZIP : MD 21012 MORTGAGE AMOUNT : 276,200.00 OPTION TO CONVERT : UNPAID BALANCE : 275,808.86 ANNUAL RATE ADJUST: MONTHLY P&I : 1,978.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,709,500.00 P & I AMT: 11,723.11 UPB AMT: 1,707,742.87 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 208 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031289580 MORTGAGORS: RANDAZZO EMANUEL REGION CODE ADDRESS : 318 NORTH MAPLE DRIVE # 508 UNIT #3 01 CITY : BEVERLY HILLS STATE/ZIP : CA 90210 MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT : UNPAID BALANCE : 319,300.75 ANNUAL RATE ADJUST: MONTHLY P&I : 2,264.94 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031289598 MORTGAGORS: WAGNER THOMAS WAGNER SHARON REGION CODE ADDRESS : 914 MATADERO COURT 01 CITY : PALO ALTO STATE/ZIP : CA 94306 MORTGAGE AMOUNT : 440,000.00 OPTION TO CONVERT : UNPAID BALANCE : 439,038.51 ANNUAL RATE ADJUST: MONTHLY P&I : 3,114.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 38.59600 ---------------------------------------------------------------- 0 0031289606 MORTGAGORS: ATCHESON SCOTT REILLY SANDRA REGION CODE ADDRESS : 15345 MICHAEL CREST DRIVE 01 CITY : SANTA CLARITA STATE/ZIP : CA 91351 MORTGAGE AMOUNT : 369,000.00 OPTION TO CONVERT : UNPAID BALANCE : 368,464.16 ANNUAL RATE ADJUST: MONTHLY P&I : 2,611.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 74.99800 ---------------------------------------------------------------- 0 0031289614 MORTGAGORS: WEXLER MITCHELL WEXLER JILL REGION CODE ADDRESS : 1 SAN MARTIN WAY 01 CITY : CORONA DEL MAR STATE/ZIP : CA 92625 MORTGAGE AMOUNT : 402,000.00 OPTION TO CONVERT : UNPAID BALANCE : 401,105.92 ANNUAL RATE ADJUST: MONTHLY P&I : 2,845.34 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 58.68600 ---------------------------------------------------------------- 0 0031289622 MORTGAGORS: MANUUD ARTURO CAPIRAL REGINA REGION CODE ADDRESS : 12 CHOATE 01 CITY : IRVINE STATE/ZIP : CA 92620 MORTGAGE AMOUNT : 283,000.00 OPTION TO CONVERT : UNPAID BALANCE : 282,381.60 ANNUAL RATE ADJUST: MONTHLY P&I : 2,003.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 89.84100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,814,000.00 P & I AMT: 12,839.40 UPB AMT: 1,810,290.94 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 209 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031289630 MORTGAGORS: PILGER STEPHEN PILGER LISA REGION CODE ADDRESS : 23703 WINGATE COURT 01 CITY : VALENCIA STATE/ZIP : CA 91354 MORTGAGE AMOUNT : 278,400.00 OPTION TO CONVERT : UNPAID BALANCE : 277,774.82 ANNUAL RATE ADJUST: MONTHLY P&I : 1,994.50 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 94.98400 ---------------------------------------------------------------- 0 0031289648 MORTGAGORS: SHERMAN EARL THIGPEN LINDA REGION CODE ADDRESS : 842 FERNBROOK COURT 01 CITY : VACAVILLE STATE/ZIP : CA 95687 MORTGAGE AMOUNT : 252,950.00 OPTION TO CONVERT : UNPAID BALANCE : 252,410.93 ANNUAL RATE ADJUST: MONTHLY P&I : 1,812.17 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 94.98222 ---------------------------------------------------------------- 0 0031289655 MORTGAGORS: BAUTISTA AMADA REGION CODE ADDRESS : 6603 MARQUETTE DRIVE 01 CITY : BUENA PARK STATE/ZIP : CA 90620 MORTGAGE AMOUNT : 254,750.00 OPTION TO CONVERT : UNPAID BALANCE : 254,380.06 ANNUAL RATE ADJUST: MONTHLY P&I : 1,803.11 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.98681 ---------------------------------------------------------------- 0 0031289663 MORTGAGORS: FARZAN BAHMAN FARZAN ROYA REGION CODE ADDRESS : 1297 CUERNAVACA CIRCULO 01 CITY : MOUNTAIN VIEW STATE/ZIP : CA 94040 MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT : UNPAID BALANCE : 269,169.53 ANNUAL RATE ADJUST: MONTHLY P&I : 1,911.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 48.21400 ---------------------------------------------------------------- 0 0031289671 MORTGAGORS: SMITH STEPHEN FAVRIN SELINA REGION CODE ADDRESS : 6 SUGARBUSH 01 CITY : ALISO VIEJO STATE/ZIP : CA 92656 MORTGAGE AMOUNT : 258,750.00 OPTION TO CONVERT : UNPAID BALANCE : 257,970.33 ANNUAL RATE ADJUST: MONTHLY P&I : 1,831.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 89.88900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,314,850.00 P & I AMT: 9,352.25 UPB AMT: 1,311,705.67 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 210 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031290539 MORTGAGORS: GRACE FRANK GRACE JENNIFER REGION CODE ADDRESS : 6605 OAK ROCK COURT 01 CITY : CENTREVILLE STATE/ZIP : VA 20121 MORTGAGE AMOUNT : 243,950.00 OPTION TO CONVERT : UNPAID BALANCE : 243,595.76 ANNUAL RATE ADJUST: MONTHLY P&I : 1,726.66 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 85.00000 ---------------------------------------------------------------- 0 0031290596 MORTGAGORS: CRAFTON ARTHUR CRAFTON ROBIN REGION CODE ADDRESS : 15024 KENWOOD COURT 01 CITY : WOODBINE STATE/ZIP : MD 21797 MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT : UNPAID BALANCE : 258,633.22 ANNUAL RATE ADJUST: MONTHLY P&I : 1,855.51 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 74.00000 ---------------------------------------------------------------- 0 0031290620 MORTGAGORS: STOREIM MICHAEL STOREIM ELLEN REGION CODE ADDRESS : 4707 HOLLY TREE DRIVE 01 CITY : DALLAS STATE/ZIP : TX 75287 MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT : UNPAID BALANCE : 271,787.81 ANNUAL RATE ADJUST: MONTHLY P&I : 1,855.52 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031290810 MORTGAGORS: PERUCCI THOMAS PERUCCI MARIBETH REGION CODE ADDRESS : 3918 NORMAC DR 01 CITY : ANNANDALE STATE/ZIP : VA 22003 MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT : UNPAID BALANCE : 294,514.95 ANNUAL RATE ADJUST: MONTHLY P&I : 1,962.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 73.75000 ---------------------------------------------------------------- 0 0031291529 MORTGAGORS: FAHEY PAUL FAHEY DIANA REGION CODE ADDRESS : 598 WALNUT STREET 01 CITY : NEWTON STATE/ZIP : MA 02160 MORTGAGE AMOUNT : 320,000.00 OPTION TO CONVERT : UNPAID BALANCE : 320,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,210.16 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 40.25100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,389,950.00 P & I AMT: 9,610.50 UPB AMT: 1,388,531.74 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 211 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031291693 MORTGAGORS: WINEGER GARY WINEGER KATHLEEN REGION CODE ADDRESS : 5083 FOREST HILL DR. 01 CITY : PLEASANTON STATE/ZIP : CA 94588 MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT : UNPAID BALANCE : 339,734.77 ANNUAL RATE ADJUST: MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 66.01900 ---------------------------------------------------------------- 0 0031291966 MORTGAGORS: DOWNES JOSEPH DOWNES LESA REGION CODE ADDRESS : 1714 GROUSE RIDGE RD. 01 CITY : TRUCKEE STATE/ZIP : CA 96161 MORTGAGE AMOUNT : 350,000.00 OPTION TO CONVERT : UNPAID BALANCE : 349,747.59 ANNUAL RATE ADJUST: MONTHLY P&I : 2,507.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 49.15700 ---------------------------------------------------------------- 0 0031291982 MORTGAGORS: CORRITONE MICHAEL CORRITONE ANGIE REGION CODE ADDRESS : 1758 BIRDS HILL COURT 01 CITY : DANVILLE STATE/ZIP : CA 94526 MORTGAGE AMOUNT : 268,850.00 OPTION TO CONVERT : UNPAID BALANCE : 268,459.60 ANNUAL RATE ADJUST: MONTHLY P&I : 1,902.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031292097 MORTGAGORS: PIERNO THOMAS PIERNO DIANE REGION CODE ADDRESS : 3006 VINA VIAL 01 CITY : SAN CLEMENTE STATE/ZIP : CA 92673 MORTGAGE AMOUNT : 276,650.00 OPTION TO CONVERT : UNPAID BALANCE : 276,150.39 ANNUAL RATE ADJUST: MONTHLY P&I : 2,228.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/18 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 67.47500 ---------------------------------------------------------------- 0 0031292162 MORTGAGORS: ANHALT THOMAS ANHALT ANNA REGION CODE ADDRESS : 6286 COVINGTON WAY 01 CITY : GOLETA STATE/ZIP : CA 93117 MORTGAGE AMOUNT : 231,200.00 OPTION TO CONVERT : UNPAID BALANCE : 231,028.41 ANNUAL RATE ADJUST: MONTHLY P&I : 1,616.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 78.37200 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,466,700.00 P & I AMT: 10,575.00 UPB AMT: 1,465,120.76 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 212 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031292543 MORTGAGORS: HART MARY CROSS ROBERT REGION CODE ADDRESS : 14729 FORTY FIVE ROAD 01 CITY : ARLINGTON STATE/ZIP : WA 98223 MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT : UNPAID BALANCE : 263,799.12 ANNUAL RATE ADJUST: MONTHLY P&I : 1,823.38 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031293806 MORTGAGORS: BARREIRA DAVID BARREIRA KAREN REGION CODE ADDRESS : 303 CANTERBURY COURT 01 CITY : UPLAND STATE/ZIP : CA 91784 MORTGAGE AMOUNT : 358,500.00 OPTION TO CONVERT : UNPAID BALANCE : 358,213.31 ANNUAL RATE ADJUST: MONTHLY P&I : 2,415.28 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 75.47300 ---------------------------------------------------------------- 0 0031294416 MORTGAGORS: KIRCHNER PAUL KIRCHNER JOAN REGION CODE ADDRESS : 10762 RIVERSCAPE RUN 01 CITY : GREAT FALLS STATE/ZIP : VA 22066 MORTGAGE AMOUNT : 415,000.00 OPTION TO CONVERT : UNPAID BALANCE : 414,684.22 ANNUAL RATE ADJUST: MONTHLY P&I : 2,866.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 64.84300 ---------------------------------------------------------------- 0 0031295256 MORTGAGORS: NIA MICHAEL NIA BITA REGION CODE ADDRESS : 22250 CRAFT COURT 01 CITY : CITY OF CALABASAS STATE/ZIP : CA 91302 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,777.35 ANNUAL RATE ADJUST: MONTHLY P&I : 2,097.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 68.18100 ---------------------------------------------------------------- 0 0031295314 MORTGAGORS: CUTCLIFFE JOSEPH CUTCLIFFE SHARON REGION CODE ADDRESS : 2100 PASEO DEL MAR 01 CITY : PALOS VERDES ESTATES STATE/ZIP : CA 90274 MORTGAGE AMOUNT : 516,700.00 OPTION TO CONVERT : UNPAID BALANCE : 516,316.54 ANNUAL RATE ADJUST: MONTHLY P&I : 3,612.84 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 43.05800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,854,200.00 P & I AMT: 12,815.45 UPB AMT: 1,852,790.54 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 213 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031295470 MORTGAGORS: GLEASON NIGEL GLEASON SHELLY REGION CODE ADDRESS : 1611 EBONY DRIVE 01 CITY : OXNARD STATE/ZIP : CA 93030 MORTGAGE AMOUNT : 297,500.00 OPTION TO CONVERT : UNPAID BALANCE : 297,279.22 ANNUAL RATE ADJUST: MONTHLY P&I : 2,080.16 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 86.23100 ---------------------------------------------------------------- 0 0031295579 MORTGAGORS: MELLMAN JAY KOKES MARTHA REGION CODE ADDRESS : 927 CAPUCHINO AVENUE 01 CITY : BURLINGAME STATE/ZIP : CA 94010 MORTGAGE AMOUNT : 293,000.00 OPTION TO CONVERT : UNPAID BALANCE : 292,782.55 ANNUAL RATE ADJUST: MONTHLY P&I : 2,048.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.18900 ---------------------------------------------------------------- 0 0031295587 MORTGAGORS: GARCIA JOHN GARCIA SOFIA REGION CODE ADDRESS : 4435 E ARDMORE STREET 01 CITY : ANAHEIM HILLS STATE/ZIP : CA 92807 MORTGAGE AMOUNT : 247,000.00 OPTION TO CONVERT : UNPAID BALANCE : 246,812.05 ANNUAL RATE ADJUST: MONTHLY P&I : 1,705.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.67700 ---------------------------------------------------------------- 0 0031295603 MORTGAGORS: WACHBRIT MICHAEL WACHBRIT JILL REGION CODE ADDRESS : 11124 VIKING AVENUE 01 CITY : NORTHRIDGE AREA LOS ANGEL STATE/ZIP : CA 91326 MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT : UNPAID BALANCE : 244,818.17 ANNUAL RATE ADJUST: MONTHLY P&I : 1,713.08 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 84.48200 ---------------------------------------------------------------- 0 0031296775 MORTGAGORS: TREVOR RUSSELL KNIGHT-TREVOR DENISE REGION CODE ADDRESS : 790 RUTHERFORD CIRCLE 01 CITY : BRENTWOOD STATE/ZIP : CA 94513 MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT : UNPAID BALANCE : 317,560.85 ANNUAL RATE ADJUST: MONTHLY P&I : 2,305.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,400,500.00 P & I AMT: 9,853.64 UPB AMT: 1,399,252.84 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 214 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031297427 MORTGAGORS: WARMINGTON EDWARD REGION CODE ADDRESS : 39599 LAKE DRIVE 01 CITY : BIG BEAR LAKE STATE/ZIP : CA 92315 MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT : UNPAID BALANCE : 297,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,051.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 250 LTV : 56.57100 ---------------------------------------------------------------- 0 0031297708 MORTGAGORS: SAER RAFAEL SAER ROSA REGION CODE ADDRESS : 3683 VISTA WAY 01 CITY : WESTON STATE/ZIP : FL 33331 MORTGAGE AMOUNT : 261,500.00 OPTION TO CONVERT : UNPAID BALANCE : 261,100.81 ANNUAL RATE ADJUST: MONTHLY P&I : 1,806.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 87.05300 ---------------------------------------------------------------- 0 0031298532 MORTGAGORS: CATALDO PATRICK CATALDO JENNIFER REGION CODE ADDRESS : 244 SCHOOL STREET 01 CITY : ACTON STATE/ZIP : MA 01720 MORTGAGE AMOUNT : 279,900.00 OPTION TO CONVERT : UNPAID BALANCE : 279,900.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,885.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 79.99400 ---------------------------------------------------------------- 0 0031298573 MORTGAGORS: KUMAR BHUPENDRA KUMAR MANJU REGION CODE ADDRESS : 5 MATTAWANG DRIVE 01 CITY : FRANKLIN PARK STATE/ZIP : NJ 08823 MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT : UNPAID BALANCE : 271,803.13 ANNUAL RATE ADJUST: MONTHLY P&I : 1,925.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.89100 ---------------------------------------------------------------- 0 0031298904 MORTGAGORS: MABANTE MARK MABANTE JANET REGION CODE ADDRESS : 3901 SUNDEW CT 01 CITY : PLANO STATE/ZIP : TX 75093 MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT : UNPAID BALANCE : 263,200.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,795.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,373,600.00 P & I AMT: 9,463.86 UPB AMT: 1,373,003.94 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 215 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031298912 MORTGAGORS: FOLKES PATRICK FOLKES R. REGION CODE ADDRESS : 4 NEWPORT COURT 01 CITY : PRINCETON JUNCTION STATE/ZIP : NJ 08550 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 400,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 74.76600 ---------------------------------------------------------------- 0 0031299035 MORTGAGORS: FARSHEED MOE COHEN ROXANE REGION CODE ADDRESS : 1135 CANYON VIEW DRIVE 01 CITY : LAGUNA BEACH STATE/ZIP : CA 92651 MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT : UNPAID BALANCE : 347,728.52 ANNUAL RATE ADJUST: MONTHLY P&I : 2,373.98 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 66.28500 ---------------------------------------------------------------- 0 0031299365 MORTGAGORS: BERTHA JOSEPH BERTHA MARCIA REGION CODE ADDRESS : 4 CENTER ST. 01 CITY : EDISON STATE/ZIP : NJ 08817 MORTGAGE AMOUNT : 204,250.00 OPTION TO CONVERT : UNPAID BALANCE : 204,250.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,463.28 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 250 LTV : 95.00000 ---------------------------------------------------------------- 0 0031299977 MORTGAGORS: KIM JONG KIM HYE REGION CODE ADDRESS : 595 ORANGE AVENUE 01 CITY : LOS ALTOS STATE/ZIP : CA 94022 MORTGAGE AMOUNT : 487,000.00 OPTION TO CONVERT : UNPAID BALANCE : 486,344.30 ANNUAL RATE ADJUST: MONTHLY P&I : 3,573.43 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 74.92307 ---------------------------------------------------------------- 0 0031300247 MORTGAGORS: NICHOLSON MARVOLENE REGION CODE ADDRESS : 800 JUDSON AVENUE-UNIT 103 01 CITY : EVANSTON STATE/ZIP : IL 60202 MORTGAGE AMOUNT : 82,500.00 OPTION TO CONVERT : UNPAID BALANCE : 82,500.00 ANNUAL RATE ADJUST: MONTHLY P&I : 652.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/18 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.32600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,521,750.00 P & I AMT: 10,791.46 UPB AMT: 1,520,822.82 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 216 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031300742 MORTGAGORS: TRAVERS GEORGE TRAVERS KATHLEEN REGION CODE ADDRESS : 329 LIBBY AVENUE 01 CITY : RIDGEWOOD STATE/ZIP : NJ 07450 MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT : UNPAID BALANCE : 264,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,800.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031301146 MORTGAGORS: JONES KATHRYN JONES ROSALIND REGION CODE ADDRESS : 2 BAY LANE 01 CITY : WATER MILL STATE/ZIP : NY 11976 MORTGAGE AMOUNT : 460,000.00 OPTION TO CONVERT : UNPAID BALANCE : 459,658.61 ANNUAL RATE ADJUST: MONTHLY P&I : 3,216.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031301153 MORTGAGORS: BURCH MICHAEL BURCH KATHRYN REGION CODE ADDRESS : 310 WALNUT GROVE LANE 01 CITY : COPPELL STATE/ZIP : TX 75019 MORTGAGE AMOUNT : 228,000.00 OPTION TO CONVERT : UNPAID BALANCE : 227,826.51 ANNUAL RATE ADJUST: MONTHLY P&I : 1,574.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031301799 MORTGAGORS: CARLYLE PATRICIA MUELLER DANIEL REGION CODE ADDRESS : 3056 CEDARWOOD LANE 01 CITY : FALLS CHURCH STATE/ZIP : VA 22042 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 287,769.69 ANNUAL RATE ADJUST: MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031301849 MORTGAGORS: JUBB DECLAN REGION CODE ADDRESS : 2774 HOLLYRIDGE DRIVE 01 CITY : LOS ANGELES STATE/ZIP : CA 90068 MORTGAGE AMOUNT : 387,000.00 OPTION TO CONVERT : UNPAID BALANCE : 386,705.52 ANNUAL RATE ADJUST: MONTHLY P&I : 2,672.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,627,000.00 P & I AMT: 11,205.31 UPB AMT: 1,625,960.33 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 217 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031301864 MORTGAGORS: FOSSIER DARYL BIANCONE SONIA REGION CODE ADDRESS : 27880 BEN NEVIS WAY 01 CITY : YORBA LINDA STATE/ZIP : CA 92887 MORTGAGE AMOUNT : 472,500.00 OPTION TO CONVERT : UNPAID BALANCE : 472,140.45 ANNUAL RATE ADJUST: MONTHLY P&I : 3,263.45 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.99500 ---------------------------------------------------------------- 0 0031301906 MORTGAGORS: BRAUTOVICH MICHAEL BRAUTOVICH DEBRA REGION CODE ADDRESS : 40 ROGGE LANE 01 CITY : WATSONVILLE STATE/ZIP : CA 95076 MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT : UNPAID BALANCE : 331,753.61 ANNUAL RATE ADJUST: MONTHLY P&I : 2,321.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031301955 MORTGAGORS: LOEWY STEVEN LOEWY AMY REGION CODE ADDRESS : 456 LOMA PRIETA DRIVE 01 CITY : APTOS STATE/ZIP : CA 95003 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 287,775.33 ANNUAL RATE ADJUST: MONTHLY P&I : 1,964.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 78.26000 ---------------------------------------------------------------- 0 0031302003 MORTGAGORS: TAM BING CHEUNG BEDWIN REGION CODE ADDRESS : 367 BAY RIDGE DRIVE 01 CITY : DALY CITY STATE/ZIP : CA 94014 MORTGAGE AMOUNT : 257,220.00 OPTION TO CONVERT : UNPAID BALANCE : 257,029.11 ANNUAL RATE ADJUST: MONTHLY P&I : 1,798.52 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99900 ---------------------------------------------------------------- 0 0031302144 MORTGAGORS: SHAH SYD SHAH SYEDA REGION CODE ADDRESS : 13 YVETTE DRIVE 01 CITY : EAST HANOVER STATE/ZIP : NJ 07936 MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT : UNPAID BALANCE : 247,500.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,709.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,597,220.00 P & I AMT: 11,057.46 UPB AMT: 1,596,198.50 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 218 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031302169 MORTGAGORS: BERESFORD KEVIN BERESFORD MARGIE REGION CODE ADDRESS : 4810 HANGAR COURT 01 CITY : FAIR OAKS STATE/ZIP : CA 95628 MORTGAGE AMOUNT : 353,700.00 OPTION TO CONVERT : UNPAID BALANCE : 353,456.59 ANNUAL RATE ADJUST: MONTHLY P&I : 2,564.57 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031302227 MORTGAGORS: ONOFRIO STEPHEN ONOFRIO CHERYL REGION CODE ADDRESS : 7311 PLEASURE AVENUE 01 CITY : SEA ISLE CITY STATE/ZIP : NJ 08243 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,419.16 ANNUAL RATE ADJUST: MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 69.56500 ---------------------------------------------------------------- 0 0031302276 MORTGAGORS: TITUS TIMOTHY TITUS JOYCE REGION CODE ADDRESS : 6642 E YOSEMITE AVE 01 CITY : ORANGE STATE/ZIP : CA 92867 MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT : UNPAID BALANCE : 247,648.79 ANNUAL RATE ADJUST: MONTHLY P&I : 1,776.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 65.78200 ---------------------------------------------------------------- 0 0031302334 MORTGAGORS: STRICKLAND ERIC STRICKLAND BEVERLY REGION CODE ADDRESS : 4391 DIAVILA AVENUE 01 CITY : PLEASANTON STATE/ZIP : CA 94588 MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT : UNPAID BALANCE : 264,615.18 ANNUAL RATE ADJUST: MONTHLY P&I : 1,875.66 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.10400 ---------------------------------------------------------------- 0 0031302367 MORTGAGORS: MCMICHAEL STEVEN MCMICHAEL KELLY REGION CODE ADDRESS : 4240 HILBURN COURT 01 CITY : MOORPARK STATE/ZIP : CA 93021 MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT : UNPAID BALANCE : 268,599.47 ANNUAL RATE ADJUST: MONTHLY P&I : 1,880.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.82100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,535,700.00 P & I AMT: 10,929.00 UPB AMT: 1,533,739.19 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 219 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031302532 MORTGAGORS: ESPOSITO JAMES ESPOSITO TERESITA REGION CODE ADDRESS : 51 BRICE POINTE COURT 01 CITY : SEVERNA PARK STATE/ZIP : MD 21146 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,366.27 ANNUAL RATE ADJUST: MONTHLY P&I : 1,642.33 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031303654 MORTGAGORS: WALLACE T WALLACE CORINNE REGION CODE ADDRESS : 4624 EAST BLUE BIRD AVENUE 01 CITY : ORANGE STATE/ZIP : CA 92669 MORTGAGE AMOUNT : 255,200.00 OPTION TO CONVERT : UNPAID BALANCE : 255,015.29 ANNUAL RATE ADJUST: MONTHLY P&I : 1,806.29 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.75000 ---------------------------------------------------------------- 0 0031303696 MORTGAGORS: SIMMONS TERRENCE SIMMONS MARGARET REGION CODE ADDRESS : 28 EAST MADISON AVENUE 01 CITY : FLORHAM PARK STATE/ZIP : NJ 07932 MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT : UNPAID BALANCE : 292,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031303704 MORTGAGORS: SILVEIRA LARRY SILVEIRA MARGARET REGION CODE ADDRESS : 700 ENDSLIEGH COURT 01 CITY : DANVILLE STATE/ZIP : CA 94506 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 259,807.04 ANNUAL RATE ADJUST: MONTHLY P&I : 1,817.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 60.46500 ---------------------------------------------------------------- 0 0031303738 MORTGAGORS: WADSWORTH SCOTT WADSWORTH SACHI REGION CODE ADDRESS : 9629 STAMPS AVENUE 01 CITY : DOWNEY STATE/ZIP : CA 90240 MORTGAGE AMOUNT : 263,250.00 OPTION TO CONVERT : UNPAID BALANCE : 263,054.63 ANNUAL RATE ADJUST: MONTHLY P&I : 1,840.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 77.42600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,320,450.00 P & I AMT: 9,174.02 UPB AMT: 1,319,243.23 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 220 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031303761 MORTGAGORS: ZAHN VICTOR REGION CODE ADDRESS : 2722 NORTH ROXBURY STREET 01 CITY : ORANGE STATE/ZIP : CA 92867 MORTGAGE AMOUNT : 318,000.00 OPTION TO CONVERT : UNPAID BALANCE : 317,751.93 ANNUAL RATE ADJUST: MONTHLY P&I : 2,169.32 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 73.95300 ---------------------------------------------------------------- 0 0031303803 MORTGAGORS: HELDT RUSSELL HELDT CARRIE REGION CODE ADDRESS : 4443 CONCHITA WAY 01 CITY : TARZANA AREA LOS ANGELES STATE/ZIP : CA 91356 MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT : UNPAID BALANCE : 244,818.17 ANNUAL RATE ADJUST: MONTHLY P&I : 1,713.08 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 67.12300 ---------------------------------------------------------------- 0 0031303829 MORTGAGORS: GOCO REYNALDO GOCO JOCELYN REGION CODE ADDRESS : 16338 CADMIUM COURT 01 CITY : CHINO HILLS STATE/ZIP : CA 91709 MORTGAGE AMOUNT : 260,650.00 OPTION TO CONVERT : UNPAID BALANCE : 260,456.56 ANNUAL RATE ADJUST: MONTHLY P&I : 1,822.50 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.46600 ---------------------------------------------------------------- 0 0031303860 MORTGAGORS: LOW MING LOW ELAINE REGION CODE ADDRESS : 1511 22ND AVENUE 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94122 MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT : UNPAID BALANCE : 232,726.46 ANNUAL RATE ADJUST: MONTHLY P&I : 1,629.17 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 77.66600 ---------------------------------------------------------------- 0 0031303936 MORTGAGORS: HU FRANCIS HU GLORIA REGION CODE ADDRESS : 6081 MANORFIELD DRIVE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92648 MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT : UNPAID BALANCE : 289,784.78 ANNUAL RATE ADJUST: MONTHLY P&I : 2,027.72 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 73.41700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,346,650.00 P & I AMT: 9,361.79 UPB AMT: 1,345,537.90 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 221 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031304066 MORTGAGORS: WONG ROGER WONG RONALD REGION CODE ADDRESS : 513 SHOAL CIRCLE 01 CITY : REDWOOD CITY STATE/ZIP : CA 94065 MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT : UNPAID BALANCE : 233,821.94 ANNUAL RATE ADJUST: MONTHLY P&I : 1,616.18 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 68.82353 ---------------------------------------------------------------- 0 0031304082 MORTGAGORS: NEWQUIST JOHN NEWQUIST NANCY REGION CODE ADDRESS : 1907 SANTIAGO DRIVE 01 CITY : NEWPORT BEACH STATE/ZIP : CA 92660 MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT : UNPAID BALANCE : 434,494.11 ANNUAL RATE ADJUST: MONTHLY P&I : 3,179.33 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/23 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 62.14200 ---------------------------------------------------------------- 0 0031304868 MORTGAGORS: WILKINGS RAYMOND WILKINGS DARLENE REGION CODE ADDRESS : 1650 KNOLLWOOD DRIVE 01 CITY : PASADENA STATE/ZIP : CA 91103 MORTGAGE AMOUNT : 329,000.00 OPTION TO CONVERT : UNPAID BALANCE : 328,743.35 ANNUAL RATE ADJUST: MONTHLY P&I : 2,244.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 45.13000 ---------------------------------------------------------------- 0 0031305113 MORTGAGORS: BROWN DANIEL BROWN DIEU REGION CODE ADDRESS : 268 CARLTON AVENUE 01 CITY : LOS GATOS STATE/ZIP : CA 95032 MORTGAGE AMOUNT : 349,200.00 OPTION TO CONVERT : UNPAID BALANCE : 348,947.26 ANNUAL RATE ADJUST: MONTHLY P&I : 2,471.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031305188 MORTGAGORS: FOK THOMAS FOK AMY REGION CODE ADDRESS : 43397 LAUREL GLEN COMMON 01 CITY : FREMONT STATE/ZIP : CA 94539 MORTGAGE AMOUNT : 481,600.00 OPTION TO CONVERT : UNPAID BALANCE : 481,251.44 ANNUAL RATE ADJUST: MONTHLY P&I : 3,408.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.98400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,828,800.00 P & I AMT: 12,920.22 UPB AMT: 1,827,258.10 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 222 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031305212 MORTGAGORS: DEER STEVEN DEER MELISSA REGION CODE ADDRESS : 288 SUMMIT DRIVE 01 CITY : ONEIDA STATE/ZIP : TN 37841 MORTGAGE AMOUNT : 91,650.00 OPTION TO CONVERT : UNPAID BALANCE : 91,578.50 ANNUAL RATE ADJUST: MONTHLY P&I : 625.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 94.97400 ---------------------------------------------------------------- 0 0031305261 MORTGAGORS: HAY JOHN LACCI LORETTA REGION CODE ADDRESS : 326 PALMER HILL ROAD 01 CITY : RIVERSIDE STATE/ZIP : CT 06878 MORTGAGE AMOUNT : 620,000.00 OPTION TO CONVERT : UNPAID BALANCE : 619,551.25 ANNUAL RATE ADJUST: MONTHLY P&I : 4,388.33 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 73.80900 ---------------------------------------------------------------- 0 0031305519 MORTGAGORS: LELAURIN JULIUS LELAURIN CINDY REGION CODE ADDRESS : 418 MISSION DRIVE 01 CITY : PLEASANTON STATE/ZIP : CA 94566 MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT : UNPAID BALANCE : 255,832.54 ANNUAL RATE ADJUST: MONTHLY P&I : 1,900.79 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 75.73900 ---------------------------------------------------------------- 0 0031305543 MORTGAGORS: TEALDI THOMAS TEALDI ELENA REGION CODE ADDRESS : 1144 TANGLEWOOD WAY 01 CITY : SAN MATEO STATE/ZIP : CA 94403 MORTGAGE AMOUNT : 392,700.00 OPTION TO CONVERT : UNPAID BALANCE : 392,393.65 ANNUAL RATE ADJUST: MONTHLY P&I : 2,678.91 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- 0 0031305576 MORTGAGORS: PALMERI GAETANO PALMERI RORY REGION CODE ADDRESS : 24843 PASEO DEL RANCHO 01 CITY : CALABASAS STATE/ZIP : CA 91302 MORTGAGE AMOUNT : 540,000.00 OPTION TO CONVERT : UNPAID BALANCE : 539,599.24 ANNUAL RATE ADJUST: MONTHLY P&I : 3,775.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,900,350.00 P & I AMT: 13,369.01 UPB AMT: 1,898,955.18 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 223 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031305741 MORTGAGORS: APPLETON JANET REGION CODE ADDRESS : 813 SIR FRANCIS DRAKE BOULEVARD 01 CITY : KENTFIELD STATE/ZIP : CA 94904 MORTGAGE AMOUNT : 345,100.00 OPTION TO CONVERT : UNPAID BALANCE : 344,598.86 ANNUAL RATE ADJUST: MONTHLY P&I : 2,442.60 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 85.00000 ---------------------------------------------------------------- 0 0031305782 MORTGAGORS: CUTTER VICTOR CUTTER BRIGITTE REGION CODE ADDRESS : 22071 MIDCREST DRIVE 01 CITY : LAKE FOREST STATE/ZIP : CA 92630 MORTGAGE AMOUNT : 296,800.00 OPTION TO CONVERT : UNPAID BALANCE : 296,574.16 ANNUAL RATE ADJUST: MONTHLY P&I : 2,049.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031305808 MORTGAGORS: BENESCH MATTHEW BENESCH CYNTHIA REGION CODE ADDRESS : 453 LENWOOD CIRCLE 01 CITY : COSTA MESA STATE/ZIP : CA 92627 MORTGAGE AMOUNT : 285,000.00 OPTION TO CONVERT : UNPAID BALANCE : 284,596.42 ANNUAL RATE ADJUST: MONTHLY P&I : 2,041.77 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031305857 MORTGAGORS: CONTRERAS ROBERT CONTRERAS ALICE REGION CODE ADDRESS : 7 HITCHING POST DRIVE 01 CITY : ROLLING HILLS ESTATES STATE/ZIP : CA 90274 MORTGAGE AMOUNT : 390,000.00 OPTION TO CONVERT : UNPAID BALANCE : 389,433.66 ANNUAL RATE ADJUST: MONTHLY P&I : 2,760.40 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031305915 MORTGAGORS: PULSIPHER MARK PULSIPHER WENDY REGION CODE ADDRESS : 44 NORTH FAIRWAY DRIVE 01 CITY : NORTH SALT LAKE STATE/ZIP : UT 84054 MORTGAGE AMOUNT : 332,400.00 OPTION TO CONVERT : UNPAID BALANCE : 332,400.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,352.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 94.99800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,649,300.00 P & I AMT: 11,647.40 UPB AMT: 1,647,603.10 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 224 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031306285 MORTGAGORS: FENWICK SCOTT FENWICK KARLA REGION CODE ADDRESS : 515 HILLCREST AVENUE 01 CITY : PACIFIC GROVE STATE/ZIP : CA 93950 MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT : UNPAID BALANCE : 295,559.29 ANNUAL RATE ADJUST: MONTHLY P&I : 2,069.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 64.34700 ---------------------------------------------------------------- 0 0031306301 MORTGAGORS: DRAPER ELIZABETH REGION CODE ADDRESS : 11629 LOVE CREEK ROAD 01 CITY : BEN LOMOND STATE/ZIP : CA 95005 MORTGAGE AMOUNT : 412,000.00 OPTION TO CONVERT : UNPAID BALANCE : 411,709.21 ANNUAL RATE ADJUST: MONTHLY P&I : 2,951.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 51.50000 ---------------------------------------------------------------- 0 0031306319 MORTGAGORS: DEKOVEN BENJAMIN DEKOVEN BEVERLY REGION CODE ADDRESS : 1021 SHADOW BROOK DRIVE 01 CITY : SAN JOSE STATE/ZIP : CA 95120 MORTGAGE AMOUNT : 354,000.00 OPTION TO CONVERT : UNPAID BALANCE : 353,723.85 ANNUAL RATE ADJUST: MONTHLY P&I : 2,414.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031307234 MORTGAGORS: DOWLING ANDREW REGION CODE ADDRESS : 1801 TAHOE PLACE 01 CITY : DAVIS STATE/ZIP : CA 95616 MORTGAGE AMOUNT : 168,000.00 OPTION TO CONVERT : UNPAID BALANCE : 167,872.17 ANNUAL RATE ADJUST: MONTHLY P&I : 1,160.33 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 250 LTV : 75.00000 ---------------------------------------------------------------- 0 0031307267 MORTGAGORS: FELCHLIN JAMES FELCHLIN DIANE REGION CODE ADDRESS : 57 BRIDGE ROAD 01 CITY : ROSS STATE/ZIP : CA 94957 MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT : UNPAID BALANCE : 449,295.80 ANNUAL RATE ADJUST: MONTHLY P&I : 3,069.79 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 51.13600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,680,000.00 P & I AMT: 11,666.31 UPB AMT: 1,678,160.32 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 225 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031307283 MORTGAGORS: HARRIS RICHARD HARRIS CAROL REGION CODE ADDRESS : 1370 MASONIC AVENUE 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94117 MORTGAGE AMOUNT : 550,000.00 OPTION TO CONVERT : UNPAID BALANCE : 549,591.82 ANNUAL RATE ADJUST: MONTHLY P&I : 3,845.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 71.42800 ---------------------------------------------------------------- 0 0031307291 MORTGAGORS: FELKER FORT NEWMARK ROBIN REGION CODE ADDRESS : 2233 TUSCANY CIRCLE 01 CITY : LIVERMORE STATE/ZIP : CA 94550 MORTGAGE AMOUNT : 424,000.00 OPTION TO CONVERT : UNPAID BALANCE : 423,693.12 ANNUAL RATE ADJUST: MONTHLY P&I : 3,001.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 73.10300 ---------------------------------------------------------------- 0 0031307317 MORTGAGORS: DOLINSEK ROSE HARKINS MARY REGION CODE ADDRESS : 1121 WEST KNICKERBOCKER DRIVE 01 CITY : SUNNYVALE STATE/ZIP : CA 94087 MORTGAGE AMOUNT : 85,000.00 OPTION TO CONVERT : UNPAID BALANCE : 84,873.45 ANNUAL RATE ADJUST: MONTHLY P&I : 594.33 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 24.01100 ---------------------------------------------------------------- 0 0031307333 MORTGAGORS: CONNORS J REGION CODE ADDRESS : 3451 GRAVINA PLACE 01 CITY : PLEASANTON STATE/ZIP : CA 94566 MORTGAGE AMOUNT : 566,000.00 OPTION TO CONVERT : UNPAID BALANCE : 565,610.49 ANNUAL RATE ADJUST: MONTHLY P&I : 4,103.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 79.98800 ---------------------------------------------------------------- 0 0031307374 MORTGAGORS: ARNOTT MEL NYE GAIL REGION CODE ADDRESS : 301 HIHN STREET 01 CITY : FELTON STATE/ZIP : CA 95018 MORTGAGE AMOUNT : 148,400.00 OPTION TO CONVERT : UNPAID BALANCE : 148,284.23 ANNUAL RATE ADJUST: MONTHLY P&I : 1,012.35 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,773,400.00 P & I AMT: 12,557.30 UPB AMT: 1,772,053.11 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 226 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031307507 MORTGAGORS: ALFORD WILLIAM REGION CODE ADDRESS : 411 PATTERSON DRIVE 01 CITY : MYRTLE BEACH STATE/ZIP : SC 29572 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 397,317.20 ANNUAL RATE ADJUST: MONTHLY P&I : 3,041.46 OUTSIDE CONV DATE : LIFETIME RATE : 6.75000 MATURITY DATE : 12/01/17 CURRENT INT RATE: 6.75000 PRODUCT CODE : 002 LTV : 63.59300 ---------------------------------------------------------------- 0 0031307598 MORTGAGORS: HAWKINS DONALD HAWKINS JOY REGION CODE ADDRESS : 1404 BASCOMB DRIVE 01 CITY : RALEIGH STATE/ZIP : NC 27614 MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT : UNPAID BALANCE : 236,954.52 ANNUAL RATE ADJUST: MONTHLY P&I : 1,640.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031307671 MORTGAGORS: MROZEK MARK REGION CODE ADDRESS : 2710 WELLINGTON WAY 01 CITY : CONYERS STATE/ZIP : GA 30208 MORTGAGE AMOUNT : 251,900.00 OPTION TO CONVERT : UNPAID BALANCE : 251,534.20 ANNUAL RATE ADJUST: MONTHLY P&I : 1,782.94 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 89.99600 ---------------------------------------------------------------- 0 0031307770 MORTGAGORS: GRONBERG ROLF REGION CODE ADDRESS : 40 CHEVAUX COURT 01 CITY : ATLANTA STATE/ZIP : GA 30342 MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT : UNPAID BALANCE : 391,099.64 ANNUAL RATE ADJUST: MONTHLY P&I : 2,707.45 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031307994 MORTGAGORS: PINKHAM CLAIRE REGION CODE ADDRESS : 4399 PORTER GULCH ROAD 01 CITY : APTOS STATE/ZIP : CA 95003 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,646.50 ANNUAL RATE ADJUST: MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,561,400.00 P & I AMT: 11,106.10 UPB AMT: 1,556,552.06 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 227 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031308018 MORTGAGORS: MYERS BRUCE MYERS THERESE REGION CODE ADDRESS : 7217 TALL PINE WAY 01 CITY : CLARKSVILLE STATE/ZIP : MD 21029 MORTGAGE AMOUNT : 356,250.00 OPTION TO CONVERT : UNPAID BALANCE : 354,904.39 ANNUAL RATE ADJUST: MONTHLY P&I : 2,370.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031308828 MORTGAGORS: ACUFF YVETTE REGION CODE ADDRESS : 28 PINE ISLAND ROAD 01 CITY : HILTON HEAD ISLAND STATE/ZIP : SC 29928 MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT : UNPAID BALANCE : 255,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,739.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031309081 MORTGAGORS: BACH DAVID LATTA JILL REGION CODE ADDRESS : 2105 EAST DELHI ROAD 01 CITY : ANN ARBOR STATE/ZIP : MI 48103 MORTGAGE AMOUNT : 323,000.00 OPTION TO CONVERT : UNPAID BALANCE : 323,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,203.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 66.18800 ---------------------------------------------------------------- 0 0031309446 MORTGAGORS: ROSS MICHAEL ROSS DOLORES REGION CODE ADDRESS : 14609 MEADOWLAND CIR 01 CITY : NEWARK STATE/ZIP : TX 76071 MORTGAGE AMOUNT : 198,300.00 OPTION TO CONVERT : UNPAID BALANCE : 198,300.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,386.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99193 ---------------------------------------------------------------- 0 0031310139 MORTGAGORS: GIOMETTI CHARLES GIOMETTI JAYNE REGION CODE ADDRESS : 28701 JAEGER DRIVE 01 CITY : LAGUNA NIGUEL STATE/ZIP : CA 92677 MORTGAGE AMOUNT : 290,000.00 OPTION TO CONVERT : UNPAID BALANCE : 288,885.71 ANNUAL RATE ADJUST: MONTHLY P&I : 2,027.72 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 71.60400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,422,550.00 P & I AMT: 9,727.40 UPB AMT: 1,420,090.10 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 228 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031310196 MORTGAGORS: KETCHAM DANIEL KETCHAM PAMELA REGION CODE ADDRESS : 20711 DUNBAR DRIVE 01 CITY : CUPERTINO STATE/ZIP : CA 95014 MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT : UNPAID BALANCE : 274,795.91 ANNUAL RATE ADJUST: MONTHLY P&I : 1,922.84 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 74.32400 ---------------------------------------------------------------- 0 0031310204 MORTGAGORS: YEN YING-JEN YANG HUNG-MEI REGION CODE ADDRESS : 2531 RUTHLAND PLACE 01 CITY : THOUSAND OAKS STATE/ZIP : CA 91362 MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT : UNPAID BALANCE : 254,810.75 ANNUAL RATE ADJUST: MONTHLY P&I : 1,783.00 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031310238 MORTGAGORS: SHELBY JACK SHELBY COLLEEN REGION CODE ADDRESS : 13586 SEINNE COURT 01 CITY : CHINO HILLS STATE/ZIP : CA 91709 MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT : UNPAID BALANCE : 236,824.11 ANNUAL RATE ADJUST: MONTHLY P&I : 1,657.14 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.00000 ---------------------------------------------------------------- 0 0031310246 MORTGAGORS: TSAI TIMOTHY TSAI CAM-LIEN REGION CODE ADDRESS : 117 MONTICELLO 01 CITY : IRVINE STATE/ZIP : CA 92620 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 287,779.96 ANNUAL RATE ADJUST: MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 74.80500 ---------------------------------------------------------------- 0 0031310261 MORTGAGORS: SHAFFER THOMAS SHAFFER DANA REGION CODE ADDRESS : 652 GLEN ROAD 01 CITY : DANVILLE STATE/ZIP : CA 94526 MORTGAGE AMOUNT : 273,400.00 OPTION TO CONVERT : UNPAID BALANCE : 273,197.10 ANNUAL RATE ADJUST: MONTHLY P&I : 1,911.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 74.69900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,328,400.00 P & I AMT: 9,288.37 UPB AMT: 1,327,407.83 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 229 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031310279 MORTGAGORS: GAGNE H GAGNE JUDITH REGION CODE ADDRESS : 2919 MARY LANE 01 CITY : ESCONDIDO STATE/ZIP : CA 92025 MORTGAGE AMOUNT : 270,000.00 OPTION TO CONVERT : UNPAID BALANCE : 269,799.62 ANNUAL RATE ADJUST: MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031310782 MORTGAGORS: CORTESE DAVID CORTESE CATHERINE REGION CODE ADDRESS : 1085 GREEN VALLEY ROAD 01 CITY : NAPA STATE/ZIP : CA 94558 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,809.77 ANNUAL RATE ADJUST: MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 42.37200 ---------------------------------------------------------------- 0 0031310808 MORTGAGORS: BANISTER JON BANISTER HOLLY REGION CODE ADDRESS : 1180 STAGE GULCH ROAD 01 CITY : PETALUMA STATE/ZIP : CA 94954 MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT : UNPAID BALANCE : 271,584.78 ANNUAL RATE ADJUST: MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 54.94900 ---------------------------------------------------------------- 0 0031310824 MORTGAGORS: GHARABEGIAN ARMEN GHARABEGIAN HILDA REGION CODE ADDRESS : 28456 CEDARBLUFF DRIVE 01 CITY : RANCHO PALOS VERDES STATE/ZIP : CA 90275 MORTGAGE AMOUNT : 272,000.00 OPTION TO CONVERT : UNPAID BALANCE : 271,584.78 ANNUAL RATE ADJUST: MONTHLY P&I : 1,878.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 61.12300 ---------------------------------------------------------------- 0 0031311319 MORTGAGORS: KOCH DONALD KOCH PAMELA REGION CODE ADDRESS : 157 ASPENKNOLL DR 01 CITY : POWELL STATE/ZIP : OH 43065 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,358.62 ANNUAL RATE ADJUST: MONTHLY P&I : 1,698.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 66.93851 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,304,000.00 P & I AMT: 9,070.55 UPB AMT: 1,302,137.57 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 230 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031311376 MORTGAGORS: WHITE STEPHEN WHITE SHERRIE REGION CODE ADDRESS : 1181 AUSTIN GLEN DRIVE 01 CITY : DUNWOODY STATE/ZIP : GA 30338 MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT : UNPAID BALANCE : 418,661.17 ANNUAL RATE ADJUST: MONTHLY P&I : 2,972.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 12/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031311434 MORTGAGORS: ANDERSON BRUCE REGION CODE ADDRESS : 6611 SOUTH CALLAWAY DRIVE 01 CITY : CHANDLER STATE/ZIP : AZ 85249 MORTGAGE AMOUNT : 252,200.00 OPTION TO CONVERT : UNPAID BALANCE : 251,824.49 ANNUAL RATE ADJUST: MONTHLY P&I : 1,763.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 94.99700 ---------------------------------------------------------------- 0 0031311467 MORTGAGORS: NICE STEPHEN NICE EMILY REGION CODE ADDRESS : 2200 AZALEA PLACE 01 CITY : WINTER PARK STATE/ZIP : FL 32789 MORTGAGE AMOUNT : 290,884.22 OPTION TO CONVERT : UNPAID BALANCE : 289,765.32 ANNUAL RATE ADJUST: MONTHLY P&I : 2,216.17 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/24 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 61.89026 ---------------------------------------------------------------- 0 0031311475 MORTGAGORS: EVANS IONA REGION CODE ADDRESS : 2424 GRETTER PLACE 01 CITY : ALEXANDRIA STATE/ZIP : VA 22311 MORTGAGE AMOUNT : 270,450.00 OPTION TO CONVERT : UNPAID BALANCE : 270,026.76 ANNUAL RATE ADJUST: MONTHLY P&I : 1,844.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.86300 ---------------------------------------------------------------- 0 0031311525 MORTGAGORS: NAGARIA MOHAMMED NAGARIA FOZIA REGION CODE ADDRESS : 19332 RANWORTH DRIVE 01 CITY : GERMANTOWN STATE/ZIP : MD 20874 MORTGAGE AMOUNT : 246,400.00 OPTION TO CONVERT : UNPAID BALANCE : 246,004.73 ANNUAL RATE ADJUST: MONTHLY P&I : 1,660.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,479,934.22 P & I AMT: 10,457.33 UPB AMT: 1,476,282.47 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 231 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031312374 MORTGAGORS: MCGOWAN KEVIN MCGOWAN TINA REGION CODE ADDRESS : 95 WINBLEDON WAY 01 CITY : SAN RAFAEL STATE/ZIP : CA 94901 MORTGAGE AMOUNT : 302,000.00 OPTION TO CONVERT : UNPAID BALANCE : 301,512.90 ANNUAL RATE ADJUST: MONTHLY P&I : 2,060.17 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 72.77100 ---------------------------------------------------------------- 0 0031312465 MORTGAGORS: SNELL ROGER SNELL KELLY REGION CODE ADDRESS : 46 SIR FRANCIS DRAKE BOULEVARD 01 CITY : ROSS STATE/ZIP : CA 94957 MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT : UNPAID BALANCE : 649,512.47 ANNUAL RATE ADJUST: MONTHLY P&I : 4,544.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 74.28500 ---------------------------------------------------------------- 0 0031312515 MORTGAGORS: GLAB CHRISTOPHER GLAB NOEL REGION CODE ADDRESS : 142 LA MESA DRIVE 01 CITY : BURLINGAME STATE/ZIP : CA 94010 MORTGAGE AMOUNT : 599,200.00 OPTION TO CONVERT : UNPAID BALANCE : 598,351.44 ANNUAL RATE ADJUST: MONTHLY P&I : 4,292.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.89300 ---------------------------------------------------------------- 0 0031312531 MORTGAGORS: HIOE WEI HIOE SURYANI REGION CODE ADDRESS : 2710 DEVONPORT ROAD 01 CITY : SAN MARINO STATE/ZIP : CA 91108 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST: MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 68.96500 ---------------------------------------------------------------- 0 0031312549 MORTGAGORS: MCKINNEY CHARLES REGION CODE ADDRESS : 1333 MORGAN AVENUE 01 CITY : SAN LEANDRO STATE/ZIP : CA 94577 MORTGAGE AMOUNT : 189,000.00 OPTION TO CONVERT : UNPAID BALANCE : 188,863.21 ANNUAL RATE ADJUST: MONTHLY P&I : 1,337.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 65.28400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,140,200.00 P & I AMT: 14,964.24 UPB AMT: 2,137,927.98 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 232 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031312564 MORTGAGORS: KIM YONG KIM GUI REGION CODE ADDRESS : 5323 POPLAR VALLEY COURT 01 CITY : CENTREVILLE STATE/ZIP : VA 20120 MORTGAGE AMOUNT : 336,850.00 OPTION TO CONVERT : UNPAID BALANCE : 336,567.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,212.87 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 79.99000 ---------------------------------------------------------------- 0 0031312572 MORTGAGORS: BERRY STEPHEN BERRY BARBARA REGION CODE ADDRESS : 1815 HOLMBY AVENUE UNIT 402 01 CITY : LOS ANGELES STATE/ZIP : CA 90025 MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT : UNPAID BALANCE : 280,851.71 ANNUAL RATE ADJUST: MONTHLY P&I : 2,014.91 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031312606 MORTGAGORS: GALLUCCI SAMUEL GALLUCCI ANTONIA REGION CODE ADDRESS : 30 SADDLE LANE 01 CITY : NOVATO STATE/ZIP : CA 94947 MORTGAGE AMOUNT : 580,000.00 OPTION TO CONVERT : UNPAID BALANCE : 579,569.56 ANNUAL RATE ADJUST: MONTHLY P&I : 4,055.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 74.83800 ---------------------------------------------------------------- 0 0031312655 MORTGAGORS: LE TUAN PHAM MYNGOC REGION CODE ADDRESS : 11424 MEADOW GRASS LANE 01 CITY : SAN DIEGO STATE/ZIP : CA 92128 MORTGAGE AMOUNT : 296,600.00 OPTION TO CONVERT : UNPAID BALANCE : 296,362.81 ANNUAL RATE ADJUST: MONTHLY P&I : 1,998.25 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 74.99800 ---------------------------------------------------------------- 0 0031312739 MORTGAGORS: CARROLL JOSEPH CARROLL DOREEN REGION CODE ADDRESS : 419 NOTTINGHAM COURT 01 CITY : PETALUMA STATE/ZIP : CA 94954 MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT : UNPAID BALANCE : 311,756.61 ANNUAL RATE ADJUST: MONTHLY P&I : 2,128.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 77.03700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,806,700.00 P & I AMT: 12,409.86 UPB AMT: 1,805,107.69 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 233 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031313430 MORTGAGORS: TROGLIA BRIAN TROGLIA SARAH REGION CODE ADDRESS : 2500 HARTREY AVENUE 01 CITY : EVANSTON STATE/ZIP : IL 60201 MORTGAGE AMOUNT : 247,500.00 OPTION TO CONVERT : UNPAID BALANCE : 247,311.67 ANNUAL RATE ADJUST: MONTHLY P&I : 1,709.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 88.39200 ---------------------------------------------------------------- 0 0031313497 MORTGAGORS: LEGEL MICHAEL LEGEL MARGARET REGION CODE ADDRESS : 5939 BROOKBANK ROAD 01 CITY : DOWNERS GROVE STATE/ZIP : IL 60516 MORTGAGE AMOUNT : 249,400.00 OPTION TO CONVERT : UNPAID BALANCE : 249,219.49 ANNUAL RATE ADJUST: MONTHLY P&I : 1,765.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 76.73800 ---------------------------------------------------------------- 0 0031313562 MORTGAGORS: MERCALDI BRIDGETTE MERCALDI JOHN REGION CODE ADDRESS : 14A HIGHCLERE LANE 01 CITY : VALHALLA STATE/ZIP : NY 10595 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,613.34 ANNUAL RATE ADJUST: MONTHLY P&I : 2,030.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031314669 MORTGAGORS: AUSTIN GEORGE AUSTIN MARY REGION CODE ADDRESS : 8058 CLASSIC DRIVE 01 CITY : JONESBORO STATE/ZIP : GA 30236 MORTGAGE AMOUNT : 286,785.00 OPTION TO CONVERT : UNPAID BALANCE : 286,785.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,029.85 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031314818 MORTGAGORS: HOFFER GERSHON DIPEPPE DIANA REGION CODE ADDRESS : 4 BEACH ROAD 01 CITY : SEVERNA PARK STATE/ZIP : MD 21146 MORTGAGE AMOUNT : 570,000.00 OPTION TO CONVERT : UNPAID BALANCE : 570,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 4,034.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,633,685.00 P & I AMT: 11,569.14 UPB AMT: 1,632,929.50 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 234 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031314859 MORTGAGORS: ESPINOSA GUIDO ESPINOSA RAMONA REGION CODE ADDRESS : 12382 S.W. 99 ST. 01 CITY : MIAMI STATE/ZIP : FL 33186 MORTGAGE AMOUNT : 233,000.00 OPTION TO CONVERT : UNPAID BALANCE : 232,644.33 ANNUAL RATE ADJUST: MONTHLY P&I : 1,609.27 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 69.76000 ---------------------------------------------------------------- 0 0031314875 MORTGAGORS: BATISTA FELIX BATISTA LOURDES REGION CODE ADDRESS : 10701 S W 68TH AVENUE 01 CITY : MIAMI STATE/ZIP : FL 33156 MORTGAGE AMOUNT : 380,000.00 OPTION TO CONVERT : UNPAID BALANCE : 379,448.18 ANNUAL RATE ADJUST: MONTHLY P&I : 2,689.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031314909 MORTGAGORS: CURLEY DENNIS CURLEY CIRCE REGION CODE ADDRESS : 4805 HANGAR CT 01 CITY : FAIR OAKS STATE/ZIP : CA 95628 MORTGAGE AMOUNT : 297,000.00 OPTION TO CONVERT : UNPAID BALANCE : 296,568.71 ANNUAL RATE ADJUST: MONTHLY P&I : 2,102.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.99600 ---------------------------------------------------------------- 0 0031314974 MORTGAGORS: HELLMERS KYE HELLMERS KATHLEEN REGION CODE ADDRESS : 29 VILLAGE CIRCLE 01 CITY : MANHATTAN BEACH STATE/ZIP : CA 90266 MORTGAGE AMOUNT : 647,000.00 OPTION TO CONVERT : UNPAID BALANCE : 646,307.83 ANNUAL RATE ADJUST: MONTHLY P&I : 4,413.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 78.42400 ---------------------------------------------------------------- 0 0031314982 MORTGAGORS: KODAMA CURTIS KODAMA REBECCA REGION CODE ADDRESS : 12704 ROSEDALE COURT 01 CITY : CAMARILLO STATE/ZIP : CA 93012 MORTGAGE AMOUNT : 351,200.00 OPTION TO CONVERT : UNPAID BALANCE : 350,677.07 ANNUAL RATE ADJUST: MONTHLY P&I : 2,455.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 66.89500 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,908,200.00 P & I AMT: 13,270.37 UPB AMT: 1,905,646.12 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 235 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031315005 MORTGAGORS: WRIGHT JARET REGION CODE ADDRESS : 1423 SANTIAGO DRIVE 01 CITY : NEWPORT BEACH STATE/ZIP : CA 92660 MORTGAGE AMOUNT : 559,200.00 OPTION TO CONVERT : UNPAID BALANCE : 558,763.77 ANNUAL RATE ADJUST: MONTHLY P&I : 3,814.73 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031315047 MORTGAGORS: BURT DAVID BURT KIM REGION CODE ADDRESS : 355 IRONSTONE COURT 01 CITY : SAN RAFAEL STATE/ZIP : CA 94903 MORTGAGE AMOUNT : 284,800.00 OPTION TO CONVERT : UNPAID BALANCE : 284,588.64 ANNUAL RATE ADJUST: MONTHLY P&I : 1,991.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031315104 MORTGAGORS: KHOURAKI MOHAMED KHOURAKI NOHA REGION CODE ADDRESS : 17231 GREEN STREET 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92649 MORTGAGE AMOUNT : 521,900.00 OPTION TO CONVERT : UNPAID BALANCE : 521,522.26 ANNUAL RATE ADJUST: MONTHLY P&I : 3,693.98 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 72.18500 ---------------------------------------------------------------- 0 0031315120 MORTGAGORS: MACTAVISH ANDREW MACTAVISH JAMIE REGION CODE ADDRESS : 1235 9TH STREET 01 CITY : HERMOSA BEACH STATE/ZIP : CA 90254 MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT : UNPAID BALANCE : 257,643.73 ANNUAL RATE ADJUST: MONTHLY P&I : 1,870.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 78.65800 ---------------------------------------------------------------- 0 0031315138 MORTGAGORS: FARRIS DANIEL FARRIS SUZANNE REGION CODE ADDRESS : 2476 PROSPECT DRIVE 01 CITY : UPLAND STATE/ZIP : CA 91784 MORTGAGE AMOUNT : 520,000.00 OPTION TO CONVERT : UNPAID BALANCE : 519,591.09 ANNUAL RATE ADJUST: MONTHLY P&I : 3,680.53 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 74.82000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,143,900.00 P & I AMT: 15,051.28 UPB AMT: 2,142,109.49 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 236 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031315153 MORTGAGORS: MUDGE BARBARA REGION CODE ADDRESS : 6363 W. 83RD STREET 01 CITY : LOS ANGELES STATE/ZIP : CA 90045 MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT : UNPAID BALANCE : 327,511.62 ANNUAL RATE ADJUST: MONTHLY P&I : 2,293.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031315187 MORTGAGORS: MURCHISON LYNNE REGION CODE ADDRESS : 5 MARY JANE LANE 01 CITY : NOVATO STATE/ZIP : CA 94947 MORTGAGE AMOUNT : 150,000.00 OPTION TO CONVERT : UNPAID BALANCE : 149,880.05 ANNUAL RATE ADJUST: MONTHLY P&I : 1,010.58 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 37.03700 ---------------------------------------------------------------- 0 0031315203 MORTGAGORS: RAMPTON CURTIS RAMPTON TAMARA REGION CODE ADDRESS : 246 WEST HARDSCRABBLE ROAD 01 CITY : MORGAN STATE/ZIP : UT 84050 MORTGAGE AMOUNT : 366,000.00 OPTION TO CONVERT : UNPAID BALANCE : 365,179.75 ANNUAL RATE ADJUST: MONTHLY P&I : 2,622.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 73.20000 ---------------------------------------------------------------- 0 0031315211 MORTGAGORS: OLAH VIRGINIA REGION CODE ADDRESS : 2820 ANCHOR AVENUE 01 CITY : LOS ANGELES STATE/ZIP : CA 90064 MORTGAGE AMOUNT : 268,400.00 OPTION TO CONVERT : UNPAID BALANCE : 268,215.29 ANNUAL RATE ADJUST: MONTHLY P&I : 1,946.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 65.46300 ---------------------------------------------------------------- 0 0031315245 MORTGAGORS: MOLUF ALLAN YOUNGMAN MOLUF JOANN REGION CODE ADDRESS : 3740 RHODA DRIVE 01 CITY : SAN JOSE STATE/ZIP : CA 95117 MORTGAGE AMOUNT : 308,000.00 OPTION TO CONVERT : UNPAID BALANCE : 307,563.83 ANNUAL RATE ADJUST: MONTHLY P&I : 2,206.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 78.97400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,420,400.00 P & I AMT: 10,078.72 UPB AMT: 1,418,350.54 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 237 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031315278 MORTGAGORS: HE HENRY LAN JENNIFER REGION CODE ADDRESS : 9627 BROADMOOR DRIVE 01 CITY : SAN RAMON STATE/ZIP : CA 94583 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,618.37 ANNUAL RATE ADJUST: MONTHLY P&I : 1,726.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.36508 ---------------------------------------------------------------- 0 0031315294 MORTGAGORS: BALTIMORE JENNIFER REGION CODE ADDRESS : 171 NORTH CHURCH LANE, UNIT # 619 01 CITY : LOS ANGELES STATE/ZIP : CA 90049 MORTGAGE AMOUNT : 237,400.00 OPTION TO CONVERT : UNPAID BALANCE : 237,072.17 ANNUAL RATE ADJUST: MONTHLY P&I : 1,721.32 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 94.99800 ---------------------------------------------------------------- 0 0031315302 MORTGAGORS: NADEAU CRAIG REGION CODE ADDRESS : 8724 WEST KNOLL DRIVE #103 01 CITY : WEST HOLLYWOOD STATE/ZIP : CA 90069 MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT : UNPAID BALANCE : 251,808.25 ANNUAL RATE ADJUST: MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031315336 MORTGAGORS: PHELPS RICHARD PHELPS GABRIELA REGION CODE ADDRESS : 3573 JEWELL STREET 01 CITY : SAN DIEGO STATE/ZIP : CA 92109 MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT : UNPAID BALANCE : 387,450.53 ANNUAL RATE ADJUST: MONTHLY P&I : 2,779.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031315344 MORTGAGORS: JASON GARY JASON JANICE REGION CODE ADDRESS : 286 SOUTH MARTIN DRIVE 01 CITY : ZEPHYR COVE STATE/ZIP : NV 89448 MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT : UNPAID BALANCE : 359,463.99 ANNUAL RATE ADJUST: MONTHLY P&I : 2,517.17 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,487,400.00 P & I AMT: 10,485.36 UPB AMT: 1,485,413.31 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 238 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031315351 MORTGAGORS: DEL GAIZO ANTHONY DEL GAIZO MICHELE REGION CODE ADDRESS : 38 KINSLEY STREET 01 CITY : STOUGHTON STATE/ZIP : MA 02072 MORTGAGE AMOUNT : 121,100.00 OPTION TO CONVERT : UNPAID BALANCE : 121,100.00 ANNUAL RATE ADJUST: MONTHLY P&I : 795.55 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 94.98000 ---------------------------------------------------------------- 0 0031315369 MORTGAGORS: NGUYEN KHAI REGION CODE ADDRESS : 1228 SOUTH 5TH AVENUE 01 CITY : ARCADIA STATE/ZIP : CA 91006 MORTGAGE AMOUNT : 254,000.00 OPTION TO CONVERT : UNPAID BALANCE : 253,811.50 ANNUAL RATE ADJUST: MONTHLY P&I : 1,776.00 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.87400 ---------------------------------------------------------------- 0 0031315393 MORTGAGORS: RASSEKHI ALIREZA REGION CODE ADDRESS : 16801 CHARMEL LANE 01 CITY : LOS ANGELES STATE/ZIP : CA 90272 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,687.96 ANNUAL RATE ADJUST: MONTHLY P&I : 2,728.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 55.55500 ---------------------------------------------------------------- 0 0031315435 MORTGAGORS: PLUCKEBAUM WILLIAM PLUCKEBAUM JOYCE REGION CODE ADDRESS : 3432 CLOUDCROFT COURT 01 CITY : ROCKLIN STATE/ZIP : CA 95765 MORTGAGE AMOUNT : 124,000.00 OPTION TO CONVERT : UNPAID BALANCE : 123,900.84 ANNUAL RATE ADJUST: MONTHLY P&I : 835.41 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 62.01500 ---------------------------------------------------------------- 0 0031315450 MORTGAGORS: GIBSON CHRISTOPHER GIBSON KYLE REGION CODE ADDRESS : 18302 MOUNT STEWART CIRCLE 01 CITY : FOUNTAIN VALLEY STATE/ZIP : CA 92708 MORTGAGE AMOUNT : 298,000.00 OPTION TO CONVERT : UNPAID BALANCE : 297,510.04 ANNUAL RATE ADJUST: MONTHLY P&I : 1,982.60 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 79.46666 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,197,100.00 P & I AMT: 8,118.27 UPB AMT: 1,196,010.34 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 239 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031315468 MORTGAGORS: ROURKE MICHAEL ROURKE LIEN REGION CODE ADDRESS : 2013 EDINBURG AVENUE 01 CITY : ENCINITAS STATE/ZIP : CA 92007 MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT : UNPAID BALANCE : 261,785.24 ANNUAL RATE ADJUST: MONTHLY P&I : 1,743.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031315476 MORTGAGORS: REITANO LISA REGION CODE ADDRESS : 4735 FARMDALE AVENUE 01 CITY : LOS ANGELES STATE/ZIP : CA 91602 MORTGAGE AMOUNT : 153,750.00 OPTION TO CONVERT : UNPAID BALANCE : 153,521.07 ANNUAL RATE ADJUST: MONTHLY P&I : 1,075.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031315500 MORTGAGORS: BANAIE SAEED SAHEBI FIROOZEH REGION CODE ADDRESS : 10869 VIA VERONA STREET 01 CITY : LOS ANGELES STATE/ZIP : CA 90077 MORTGAGE AMOUNT : 532,000.00 OPTION TO CONVERT : UNPAID BALANCE : 531,584.99 ANNUAL RATE ADJUST: MONTHLY P&I : 3,629.18 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031315526 MORTGAGORS: ZEVIN MITCHELL REGION CODE ADDRESS : 17337 TRAMONTO DRIVE #211 01 CITY : PACIFIC PALISADES STATE/ZIP : CA 90272 MORTGAGE AMOUNT : 304,000.00 OPTION TO CONVERT : UNPAID BALANCE : 303,785.44 ANNUAL RATE ADJUST: MONTHLY P&I : 2,177.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031315534 MORTGAGORS: RIXEN ALLAN RIXEN LIZANNE REGION CODE ADDRESS : 116 LU-RAY DRIVE 01 CITY : LOS GATOS STATE/ZIP : CA 95032 MORTGAGE AMOUNT : 392,000.00 OPTION TO CONVERT : UNPAID BALANCE : 391,416.34 ANNUAL RATE ADJUST: MONTHLY P&I : 2,740.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,643,750.00 P & I AMT: 11,366.12 UPB AMT: 1,642,093.08 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 240 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031315567 MORTGAGORS: UGARTE ENRIQUE UGARTE MARIA REGION CODE ADDRESS : 2065 ALMA STREET 01 CITY : PALO ALTO STATE/ZIP : CA 94301 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,645.96 ANNUAL RATE ADJUST: MONTHLY P&I : 1,791.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 76.92307 ---------------------------------------------------------------- 0 0031315591 MORTGAGORS: SHAMS SHAHRAM SHAMS MAHNAZ REGION CODE ADDRESS : 2171 PALERMO 01 CITY : TUSTIN STATE/ZIP : CA 92782 MORTGAGE AMOUNT : 358,000.00 OPTION TO CONVERT : UNPAID BALANCE : 357,466.96 ANNUAL RATE ADJUST: MONTHLY P&I : 2,503.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 89.95000 ---------------------------------------------------------------- 0 0031315609 MORTGAGORS: SEYMOUR DANA REGION CODE ADDRESS : 212 FLORIDA STREET 01 CITY : VALLEJO STATE/ZIP : CA 94590 MORTGAGE AMOUNT : 78,750.00 OPTION TO CONVERT : UNPAID BALANCE : 78,693.00 ANNUAL RATE ADJUST: MONTHLY P&I : 557.39 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031315625 MORTGAGORS: ERTLE JEFFREY ERTLE DONNA REGION CODE ADDRESS : 4 STOCKBRIDGE 01 CITY : ALISO VIEJO STATE/ZIP : CA 92656 MORTGAGE AMOUNT : 237,900.00 OPTION TO CONVERT : UNPAID BALANCE : 237,545.77 ANNUAL RATE ADJUST: MONTHLY P&I : 1,663.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 94.98200 ---------------------------------------------------------------- 0 0031315658 MORTGAGORS: CHIPOURAS CARY DUNN DEBORAH REGION CODE ADDRESS : 2609 OAKTON GLEN DRIVE 01 CITY : OAKTON STATE/ZIP : VA 22181 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,798.37 ANNUAL RATE ADJUST: MONTHLY P&I : 1,576.63 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,164,650.00 P & I AMT: 8,091.68 UPB AMT: 1,163,150.06 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 241 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031315674 MORTGAGORS: SUN KUO-YING MAO HSEIN-JUNG REGION CODE ADDRESS : 378 RIESLING COURT 01 CITY : FREMONT STATE/ZIP : CA 94539 MORTGAGE AMOUNT : 378,000.00 OPTION TO CONVERT : UNPAID BALANCE : 377,437.17 ANNUAL RATE ADJUST: MONTHLY P&I : 2,643.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 79.99200 ---------------------------------------------------------------- 0 0031315732 MORTGAGORS: CAPWELL ROBERT CAPWELL LELLIE REGION CODE ADDRESS : 13049 HESBY STREET 01 CITY : SHERMAN OAKS STATE/ZIP : CA 91423 MORTGAGE AMOUNT : 271,000.00 OPTION TO CONVERT : UNPAID BALANCE : 270,575.91 ANNUAL RATE ADJUST: MONTHLY P&I : 1,848.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.94100 ---------------------------------------------------------------- 0 0031315740 MORTGAGORS: CHOU JOE TSUI CHRISTINA REGION CODE ADDRESS : 45751 CHABLIS COURT 01 CITY : FREMONT STATE/ZIP : CA 94539 MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT : UNPAID BALANCE : 347,507.17 ANNUAL RATE ADJUST: MONTHLY P&I : 2,493.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 56.49300 ---------------------------------------------------------------- 0 0031315849 MORTGAGORS: YU XIAOJIE ZHU ERFAN REGION CODE ADDRESS : 79 LEGACY WAY 01 CITY : IRVINE STATE/ZIP : CA 92602 MORTGAGE AMOUNT : 256,700.00 OPTION TO CONVERT : UNPAID BALANCE : 256,308.13 ANNUAL RATE ADJUST: MONTHLY P&I : 1,772.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.98700 ---------------------------------------------------------------- 0 0031315906 MORTGAGORS: ROONEY GARY ROONEY SARAH REGION CODE ADDRESS : 7 ROBBINS FARM ROAD 01 CITY : DUNSTABLE STATE/ZIP : MA 01827 MORTGAGE AMOUNT : 278,000.00 OPTION TO CONVERT : UNPAID BALANCE : 277,793.68 ANNUAL RATE ADJUST: MONTHLY P&I : 1,943.82 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 83.98700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,531,700.00 P & I AMT: 10,701.65 UPB AMT: 1,529,622.06 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 242 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031316003 MORTGAGORS: SHINGLETON ROGER SHINGLETON THERESA REGION CODE ADDRESS : 20202 29TH STREET COURT E. 01 CITY : SUMNER STATE/ZIP : WA 98390 MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT : UNPAID BALANCE : 314,519.15 ANNUAL RATE ADJUST: MONTHLY P&I : 2,175.63 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 60.00000 ---------------------------------------------------------------- 0 0031316052 MORTGAGORS: STRUIKSMA JEFFREY STRUIKSMA CYNTHIA REGION CODE ADDRESS : 18318 SUMMER AVENUE 01 CITY : ARTESIA STATE/ZIP : CA 90701 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,821.88 ANNUAL RATE ADJUST: MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031316086 MORTGAGORS: MCMANUS MICHAEL MCMANUS TANYA REGION CODE ADDRESS : 919 KLISH WAY 01 CITY : DEL MAR STATE/ZIP : CA 92014 MORTGAGE AMOUNT : 381,500.00 OPTION TO CONVERT : UNPAID BALANCE : 381,237.45 ANNUAL RATE ADJUST: MONTHLY P&I : 2,766.14 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 69.36300 ---------------------------------------------------------------- 0 0031316128 MORTGAGORS: KELSEY GREGORY KELSEY SHARON REGION CODE ADDRESS : 444 31ST STREET 01 CITY : HERMOSA BEACH STATE/ZIP : CA 90254 MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT : UNPAID BALANCE : 374,728.58 ANNUAL RATE ADJUST: MONTHLY P&I : 2,654.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 68.18100 ---------------------------------------------------------------- 0 0031316169 MORTGAGORS: ESHLEMAN DAVID ESHLEMAN CONSTANCE REGION CODE ADDRESS : 14130 ALTA VISTA AVENUE 01 CITY : SARATOGA STATE/ZIP : CA 95070 MORTGAGE AMOUNT : 465,000.00 OPTION TO CONVERT : UNPAID BALANCE : 464,646.17 ANNUAL RATE ADJUST: MONTHLY P&I : 3,211.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 53.14200 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,776,500.00 P & I AMT: 12,485.76 UPB AMT: 1,774,953.23 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 243 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031316177 MORTGAGORS: MILLER LEONARD MILLER JODI REGION CODE ADDRESS : 16 VIA VETTI 01 CITY : LAGUNA NIGUEL STATE/ZIP : CA 92677 MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT : UNPAID BALANCE : 291,772.21 ANNUAL RATE ADJUST: MONTHLY P&I : 1,991.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 70.36100 ---------------------------------------------------------------- 0 0031316193 MORTGAGORS: PIMENTEL CARLOS PIMENTEL MARY REGION CODE ADDRESS : 1564 SAN REMO COURT 01 CITY : LIVERMORE STATE/ZIP : CA 94550 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,585.73 ANNUAL RATE ADJUST: MONTHLY P&I : 2,175.21 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 56.60300 ---------------------------------------------------------------- 0 0031316201 MORTGAGORS: DOUMA JESSE SEQUEIRA-DOUMA GENA REGION CODE ADDRESS : 28759 TIMBERLANE STREET 01 CITY : AGOURA HILLS STATE/ZIP : CA 91301 MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT : UNPAID BALANCE : 251,624.79 ANNUAL RATE ADJUST: MONTHLY P&I : 1,762.02 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031316250 MORTGAGORS: BOMMARITO CHRISTOPHER BOMMARITO ANNE REGION CODE ADDRESS : 2616 SEMINOLE COURT 01 CITY : FAIRFIELD STATE/ZIP : CA 94533 MORTGAGE AMOUNT : 277,000.00 OPTION TO CONVERT : UNPAID BALANCE : 276,597.76 ANNUAL RATE ADJUST: MONTHLY P&I : 1,960.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 48.17300 ---------------------------------------------------------------- 0 0031316276 MORTGAGORS: MCFADDEN TIMOTHY MCFADDEN SUSAN REGION CODE ADDRESS : 5626 WILHELMINA AVENUE 01 CITY : WOODLAND HILLS STATE/ZIP : CA 91367 MORTGAGE AMOUNT : 338,400.00 OPTION TO CONVERT : UNPAID BALANCE : 337,908.60 ANNUAL RATE ADJUST: MONTHLY P&I : 2,395.17 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,459,400.00 P & I AMT: 10,284.95 UPB AMT: 1,457,489.09 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 244 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031316284 MORTGAGORS: JACKSON BRYAN JACKSON ANDREA REGION CODE ADDRESS : 5085 BRYANT ROAD 01 CITY : SHINGLE SPRINGS STATE/ZIP : CA 95682 MORTGAGE AMOUNT : 348,000.00 OPTION TO CONVERT : UNPAID BALANCE : 347,531.44 ANNUAL RATE ADJUST: MONTHLY P&I : 2,553.50 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031316292 MORTGAGORS: KRAUT STEPHEN KRAUT KATHRYN REGION CODE ADDRESS : 1950 WINDWARD POINT 01 CITY : DISCOVERY BAY STATE/ZIP : CA 94514 MORTGAGE AMOUNT : 420,000.00 OPTION TO CONVERT : UNPAID BALANCE : 419,374.65 ANNUAL RATE ADJUST: MONTHLY P&I : 2,936.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031316326 MORTGAGORS: KLICKMAN HOWARD KLICKMAN LORIE REGION CODE ADDRESS : 717 FAIRFIELD CT 01 CITY : WESTMONT STATE/ZIP : IL 60559 MORTGAGE AMOUNT : 385,000.00 OPTION TO CONVERT : UNPAID BALANCE : 384,728.27 ANNUAL RATE ADJUST: MONTHLY P&I : 2,758.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 84.35500 ---------------------------------------------------------------- 0 0031316359 MORTGAGORS: FORDE MAURICE FORDE SARI REGION CODE ADDRESS : 2824 SUGAR PINE CIRCLE 01 CITY : NORTHBROOK STATE/ZIP : IL 60062 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,651.48 ANNUAL RATE ADJUST: MONTHLY P&I : 1,698.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 71.42800 ---------------------------------------------------------------- 0 0031316409 MORTGAGORS: ELLIOTT TIMOTHY ELLIOTT GLENDA REGION CODE ADDRESS : 18654 SANTA IRENE STREET 01 CITY : FOUNTAIN VALLEY STATE/ZIP : CA 92708 MORTGAGE AMOUNT : 331,200.00 OPTION TO CONVERT : UNPAID BALANCE : 330,947.98 ANNUAL RATE ADJUST: MONTHLY P&I : 2,287.52 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.99700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,724,200.00 P & I AMT: 12,234.62 UPB AMT: 1,722,233.82 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 245 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031316425 MORTGAGORS: QUINN SCOTT QUINN JOANN REGION CODE ADDRESS : 2428 SAN SIMON STREET 01 CITY : TUSTIN STATE/ZIP : CA 92782 MORTGAGE AMOUNT : 240,600.00 OPTION TO CONVERT : UNPAID BALANCE : 240,407.59 ANNUAL RATE ADJUST: MONTHLY P&I : 1,620.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 94.98900 ---------------------------------------------------------------- 0 0031316441 MORTGAGORS: CHOI JIN CHOI JENNIFER REGION CODE ADDRESS : 4753 BOXWOOD WAY 01 CITY : DUBLIN STATE/ZIP : CA 94568 MORTGAGE AMOUNT : 270,400.00 OPTION TO CONVERT : UNPAID BALANCE : 270,194.24 ANNUAL RATE ADJUST: MONTHLY P&I : 1,867.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031316458 MORTGAGORS: BADA MARCELO BADA EMELIN REGION CODE ADDRESS : 2 TICONDEROGA 01 CITY : IRVINE STATE/ZIP : CA 92700 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 243,351.19 ANNUAL RATE ADJUST: MONTHLY P&I : 1,708.02 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/24 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031316482 MORTGAGORS: KETCHUM TIMOTHY KETCHUM EILEEN REGION CODE ADDRESS : 11404 HOLLOW TIMBER COURT 01 CITY : RESTON STATE/ZIP : VA 20194 MORTGAGE AMOUNT : 263,500.00 OPTION TO CONVERT : UNPAID BALANCE : 263,323.20 ANNUAL RATE ADJUST: MONTHLY P&I : 1,933.47 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 94.98900 ---------------------------------------------------------------- 0 0031316490 MORTGAGORS: WRAY LAWRENCE WRAY JINI REGION CODE ADDRESS : 10586 MERRIMAN ROAD 01 CITY : CUPERTINO STATE/ZIP : CA 95014 MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT : UNPAID BALANCE : 449,295.78 ANNUAL RATE ADJUST: MONTHLY P&I : 3,069.80 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 71.42800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,484,500.00 P & I AMT: 10,199.85 UPB AMT: 1,466,572.00 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 246 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031316565 MORTGAGORS: TURLEY MARVIN DUEKER LORI REGION CODE ADDRESS : 3058 BENVENUE AVENUE 01 CITY : BERKELEY STATE/ZIP : CA 94705 MORTGAGE AMOUNT : 295,200.00 OPTION TO CONVERT : UNPAID BALANCE : 294,738.05 ANNUAL RATE ADJUST: MONTHLY P&I : 2,013.78 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031316607 MORTGAGORS: DEUBER DAVID DEUBER STEFANIE REGION CODE ADDRESS : 5811 LAWTON AVENUE 01 CITY : OAKLAND STATE/ZIP : CA 94618 MORTGAGE AMOUNT : 263,200.00 OPTION TO CONVERT : UNPAID BALANCE : 262,989.52 ANNUAL RATE ADJUST: MONTHLY P&I : 1,773.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 79.78700 ---------------------------------------------------------------- 0 0031316615 MORTGAGORS: LESCROART EUGENE LESCROART JOANNA REGION CODE ADDRESS : 3117 ARROWHEAD FARMS ROAD 01 CITY : GAMBRILLS STATE/ZIP : MD 21054 MORTGAGE AMOUNT : 235,450.00 OPTION TO CONVERT : UNPAID BALANCE : 230,010.03 ANNUAL RATE ADJUST: MONTHLY P&I : 1,727.65 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 10/01/25 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 85.00000 ---------------------------------------------------------------- 0 0031316649 MORTGAGORS: RUPP KATHARINA SAENGER INGE REGION CODE ADDRESS : 5659 LONESOME DOVE COURT 01 CITY : CLIFTON STATE/ZIP : VA 22024 MORTGAGE AMOUNT : 253,700.00 OPTION TO CONVERT : UNPAID BALANCE : 242,518.62 ANNUAL RATE ADJUST: MONTHLY P&I : 1,666.63 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 05/01/24 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 79.28100 ---------------------------------------------------------------- 0 0031316656 MORTGAGORS: MARTINS MARCOS MARTINS HEIDI REGION CODE ADDRESS : 22790 RANCHO PALOMARES PLACE 01 CITY : CASTRO VALLEY STATE/ZIP : CA 94552 MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT : UNPAID BALANCE : 251,634.06 ANNUAL RATE ADJUST: MONTHLY P&I : 1,783.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,299,550.00 P & I AMT: 8,964.93 UPB AMT: 1,281,890.28 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 247 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031316664 MORTGAGORS: ROSENBERG MAURIE ROSENBERG SUSAN REGION CODE ADDRESS : 1399 HELLER DRIVE 01 CITY : YARDLEY STATE/ZIP : PA 19067 MORTGAGE AMOUNT : 240,500.00 OPTION TO CONVERT : UNPAID BALANCE : 229,637.40 ANNUAL RATE ADJUST: MONTHLY P&I : 1,579.92 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 04/01/24 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 76.34900 ---------------------------------------------------------------- 0 0031316672 MORTGAGORS: CATLETT WILLIAM CATLETT SUSAN REGION CODE ADDRESS : 20 TANNERS BROOK ROAD 01 CITY : CHESTER STATE/ZIP : NJ 07930 MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT : UNPAID BALANCE : 263,910.31 ANNUAL RATE ADJUST: MONTHLY P&I : 2,109.21 OUTSIDE CONV DATE : LIFETIME RATE : 8.37500 MATURITY DATE : 12/01/22 CURRENT INT RATE: 8.37500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031316680 MORTGAGORS: GREEN GREGORY SMITH DENISE REGION CODE ADDRESS : 18647 PEPPER STREET 01 CITY : CASTRO VALLEY STATE/ZIP : CA 94546 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,572.57 ANNUAL RATE ADJUST: MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.77208 ---------------------------------------------------------------- 0 0031316714 MORTGAGORS: GROGAN CHRISTOPHER REGION CODE ADDRESS : 128 SUFFOLK ROAD 01 CITY : WELLESLEY STATE/ZIP : MA 02181 MORTGAGE AMOUNT : 417,600.00 OPTION TO CONVERT : UNPAID BALANCE : 401,912.09 ANNUAL RATE ADJUST: MONTHLY P&I : 2,955.75 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 06/01/24 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031316805 MORTGAGORS: RICHARDSON MICHAEL RICHARDSON MARGARET REGION CODE ADDRESS : 76 INDIAN WIND DRIVE 01 CITY : SCITUATE STATE/ZIP : MA 02061 MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT : UNPAID BALANCE : 332,062.64 ANNUAL RATE ADJUST: MONTHLY P&I : 2,465.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 09/01/25 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,555,600.00 P & I AMT: 11,044.01 UPB AMT: 1,507,095.01 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 248 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031316870 MORTGAGORS: FISCHETTI MICHAEL FISCHETTI GAYLE REGION CODE ADDRESS : 728 OLD HUNT WAY 01 CITY : HERNDON STATE/ZIP : VA 22070 MORTGAGE AMOUNT : 256,614.04 OPTION TO CONVERT : UNPAID BALANCE : 240,359.62 ANNUAL RATE ADJUST: MONTHLY P&I : 1,819.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 10/01/22 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.60100 ---------------------------------------------------------------- 0 0031316888 MORTGAGORS: LEWIS HAROLD LEWIS MARGARET REGION CODE ADDRESS : 18220 14TH AVENUE NORTHWEST 01 CITY : SEATTLE STATE/ZIP : WA 98177 MORTGAGE AMOUNT : 237,500.00 OPTION TO CONVERT : UNPAID BALANCE : 227,487.36 ANNUAL RATE ADJUST: MONTHLY P&I : 1,600.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 05/01/24 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 55.23200 ---------------------------------------------------------------- 0 0031316920 MORTGAGORS: HAMMON COLIN HAMMON ELIZABETH REGION CODE ADDRESS : 2590 GOLDEN PHEASANT PLACE 01 CITY : CATLETT STATE/ZIP : VA 22019 MORTGAGE AMOUNT : 277,500.00 OPTION TO CONVERT : UNPAID BALANCE : 268,231.95 ANNUAL RATE ADJUST: MONTHLY P&I : 2,060.43 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 07/01/24 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031316938 MORTGAGORS: EGHTESADI MANOCHEHR MOKHTARI SIMIN REGION CODE ADDRESS : 1095 FOXHURST WAY 01 CITY : SAN JOSE STATE/ZIP : CA 95120 MORTGAGE AMOUNT : 472,000.00 OPTION TO CONVERT : UNPAID BALANCE : 471,279.47 ANNUAL RATE ADJUST: MONTHLY P&I : 3,259.99 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031316946 MORTGAGORS: ABRAIRA JOHN ABRAIRA JOY REGION CODE ADDRESS : 111 FIESTA WAY 01 CITY : FORT LAUDERDALE STATE/ZIP : FL 33301 MORTGAGE AMOUNT : 276,500.00 OPTION TO CONVERT : UNPAID BALANCE : 264,499.32 ANNUAL RATE ADJUST: MONTHLY P&I : 1,933.33 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/24 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,520,114.04 P & I AMT: 10,673.77 UPB AMT: 1,471,857.72 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 249 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031317001 MORTGAGORS: WEINER ROBERT WEINER DENISE REGION CODE ADDRESS : 210 W. RITTENHOUSE SQUARE #2108 01 CITY : PHILADELPHIA STATE/ZIP : PA 19103 MORTGAGE AMOUNT : 250,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,814.46 ANNUAL RATE ADJUST: MONTHLY P&I : 1,748.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 53.90200 ---------------------------------------------------------------- 0 0031317100 MORTGAGORS: BELLFORT THOMAS DE MARA VICTORIA REGION CODE ADDRESS : 1054 GRIZZLY PEAK BOULEVARD 01 CITY : BERKELEY STATE/ZIP : CA 94708 MORTGAGE AMOUNT : 243,250.00 OPTION TO CONVERT : UNPAID BALANCE : 243,078.32 ANNUAL RATE ADJUST: MONTHLY P&I : 1,742.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 67.56900 ---------------------------------------------------------------- 0 0031317175 MORTGAGORS: MARKS MICHAEL MARKS NANCY REGION CODE ADDRESS : 80 NORTH FOX HILL ROAD 01 CITY : NORTH SALT LAKE STATE/ZIP : UT 84054 MORTGAGE AMOUNT : 307,000.00 OPTION TO CONVERT : UNPAID BALANCE : 306,777.80 ANNUAL RATE ADJUST: MONTHLY P&I : 2,172.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 74.69500 ---------------------------------------------------------------- 0 0031317191 MORTGAGORS: PEARSON RANDALL REGION CODE ADDRESS : 9615 ROBERTS DRIVE 01 CITY : ATLANTA STATE/ZIP : GA 30350 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,575.15 ANNUAL RATE ADJUST: MONTHLY P&I : 2,149.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 92.87900 ---------------------------------------------------------------- 0 0031317209 MORTGAGORS: HARRIS KEITH REGION CODE ADDRESS : 717 PARK DRIVE 01 CITY : ATLANTA STATE/ZIP : GA 30306 MORTGAGE AMOUNT : 229,600.00 OPTION TO CONVERT : UNPAID BALANCE : 229,274.86 ANNUAL RATE ADJUST: MONTHLY P&I : 1,644.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,329,850.00 P & I AMT: 9,457.76 UPB AMT: 1,328,520.59 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 250 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031317258 MORTGAGORS: D'SOUZA STANLEY D'SOUZA CHARMAINE REGION CODE ADDRESS : 2451 EAST GLENHAVEN DRIVE 01 CITY : PHOENIX STATE/ZIP : AZ 85048 MORTGAGE AMOUNT : 355,500.00 OPTION TO CONVERT : UNPAID BALANCE : 355,229.49 ANNUAL RATE ADJUST: MONTHLY P&I : 2,455.35 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031317274 MORTGAGORS: MOSES DONALD MOSES JANET REGION CODE ADDRESS : 2231 SUMMERWIND CIRCLE 01 CITY : HENDERSON STATE/ZIP : NV 89012 MORTGAGE AMOUNT : 252,200.00 OPTION TO CONVERT : UNPAID BALANCE : 251,833.76 ANNUAL RATE ADJUST: MONTHLY P&I : 1,785.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.98500 ---------------------------------------------------------------- 0 0031317316 MORTGAGORS: SOONG CHI-LI SOONG MARJORIE REGION CODE ADDRESS : 12882 WILLIAMS MEADOW COURT 01 CITY : HERNDON STATE/ZIP : VA 20171 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,642.65 ANNUAL RATE ADJUST: MONTHLY P&I : 1,678.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031317340 MORTGAGORS: NIZIALEK JASON NIZIALEK TANYA REGION CODE ADDRESS : 26072 TALAMORE DRIVE 01 CITY : SOUTH RIDING STATE/ZIP : VA 20152 MORTGAGE AMOUNT : 259,400.00 OPTION TO CONVERT : UNPAID BALANCE : 258,943.29 ANNUAL RATE ADJUST: MONTHLY P&I : 1,791.62 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 94.98700 ---------------------------------------------------------------- 0 0031317399 MORTGAGORS: GOLUBCHIK LEANA REGION CODE ADDRESS : 11902 CASTLE GATE COURT N 01 CITY : BETHESDA STATE/ZIP : MD 20852 MORTGAGE AMOUNT : 232,580.00 OPTION TO CONVERT : UNPAID BALANCE : 232,216.03 ANNUAL RATE ADJUST: MONTHLY P&I : 1,586.61 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.99300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,339,680.00 P & I AMT: 9,296.76 UPB AMT: 1,337,865.22 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 251 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031317407 MORTGAGORS: HSU CHIUNG HSU MEICHIN REGION CODE ADDRESS : 29002 SADDLEBROOK DRIVE 01 CITY : AGOURA HILLS STATE/ZIP : CA 91301 MORTGAGE AMOUNT : 310,000.00 OPTION TO CONVERT : UNPAID BALANCE : 309,758.17 ANNUAL RATE ADJUST: MONTHLY P&I : 2,114.75 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 66.66600 ---------------------------------------------------------------- 0 0031317886 MORTGAGORS: FINK BRIAN DIDIER MONICA REGION CODE ADDRESS : 2203 FRANK STREET 01 CITY : VIENNA STATE/ZIP : VA 22182 MORTGAGE AMOUNT : 324,357.00 OPTION TO CONVERT : UNPAID BALANCE : 324,122.24 ANNUAL RATE ADJUST: MONTHLY P&I : 2,295.78 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 78.15800 ---------------------------------------------------------------- 0 0031318520 MORTGAGORS: MARTINY WILFRED MARTINY CHRISTY REGION CODE ADDRESS : 233 UNIVERSITY HIGHLANDS COURT 01 CITY : BATON ROUGE STATE/ZIP : LA 70808 MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT : UNPAID BALANCE : 267,801.10 ANNUAL RATE ADJUST: MONTHLY P&I : 1,873.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 83.75000 ---------------------------------------------------------------- 0 0031318678 MORTGAGORS: PETERMANN BRYAN PETERMANN MADELEINE REGION CODE ADDRESS : 24589 OVERLAND DRIVE 01 CITY : WEST HILLS AREA LOS ANGEL STATE/ZIP : CA 91304 MORTGAGE AMOUNT : 281,500.00 OPTION TO CONVERT : UNPAID BALANCE : 280,668.71 ANNUAL RATE ADJUST: MONTHLY P&I : 1,968.29 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 73.11600 ---------------------------------------------------------------- 0 0031318835 MORTGAGORS: KWOK ALEX CHEUNG MEI-YING REGION CODE ADDRESS : 7477 TIPTOE LANE 01 CITY : CUPERTINO STATE/ZIP : CA 95014 MORTGAGE AMOUNT : 430,400.00 OPTION TO CONVERT : UNPAID BALANCE : 430,080.58 ANNUAL RATE ADJUST: MONTHLY P&I : 3,009.42 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,614,257.00 P & I AMT: 11,262.14 UPB AMT: 1,612,430.80 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 252 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031319080 MORTGAGORS: FONG DAVID FONG LILY REGION CODE ADDRESS : 1838 ANITA CREST DRIVE 01 CITY : ARCADIA STATE/ZIP : CA 91006 MORTGAGE AMOUNT : 298,500.00 OPTION TO CONVERT : UNPAID BALANCE : 298,294.58 ANNUAL RATE ADJUST: MONTHLY P&I : 2,164.33 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 74.62500 ---------------------------------------------------------------- 0 0031319122 MORTGAGORS: JONES SAMUEL SCHEIBLY KIMBERLY REGION CODE ADDRESS : 101 BISHOP COURT 01 CITY : NOVATO STATE/ZIP : CA 94945 MORTGAGE AMOUNT : 262,000.00 OPTION TO CONVERT : UNPAID BALANCE : 261,684.66 ANNUAL RATE ADJUST: MONTHLY P&I : 1,743.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031319346 MORTGAGORS: TOPPER GARY TOPPER EVELYN REGION CODE ADDRESS : 1 BEVERLY TERRACE 01 CITY : MILL VALLEY STATE/ZIP : CA 94941 MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT : UNPAID BALANCE : 291,788.66 ANNUAL RATE ADJUST: MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 35.39300 ---------------------------------------------------------------- 0 0031319379 MORTGAGORS: HOLDEN CHARLES REGION CODE ADDRESS : 2249 FIRST AVENUE 01 CITY : NAPA STATE/ZIP : CA 94558 MORTGAGE AMOUNT : 253,500.00 OPTION TO CONVERT : UNPAID BALANCE : 253,311.87 ANNUAL RATE ADJUST: MONTHLY P&I : 1,772.51 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 52.81200 ---------------------------------------------------------------- 0 0031319411 MORTGAGORS: RUBAL MICHAEL NAGLE RICHARD REGION CODE ADDRESS : 2177 PONET DRIVE 01 CITY : LOS ANGELES STATE/ZIP : CA 90068 MORTGAGE AMOUNT : 544,000.00 OPTION TO CONVERT : UNPAID BALANCE : 543,575.63 ANNUAL RATE ADJUST: MONTHLY P&I : 3,711.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,650,000.00 P & I AMT: 11,457.73 UPB AMT: 1,648,655.40 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 253 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031319429 MORTGAGORS: SWANGO ROBERT SWANGO JANYCE REGION CODE ADDRESS : 5950 WEST 4TH AVENUE 01 CITY : LAKEWOOD STATE/ZIP : CO 80226 MORTGAGE AMOUNT : 68,600.00 OPTION TO CONVERT : UNPAID BALANCE : 68,547.80 ANNUAL RATE ADJUST: MONTHLY P&I : 473.80 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 56.69400 ---------------------------------------------------------------- 0 0031319437 MORTGAGORS: ROTA MARINA REGION CODE ADDRESS : 2666 RUTHERFORD DRIVE 01 CITY : LOS ANGELES STATE/ZIP : CA 90068 MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT : UNPAID BALANCE : 311,762.59 ANNUAL RATE ADJUST: MONTHLY P&I : 2,154.91 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 71.39500 ---------------------------------------------------------------- 0 0031319544 MORTGAGORS: CRANE PAUL WEISS RACHELLE REGION CODE ADDRESS : 1222 WEST GEORGE STREET 01 CITY : CHICAGO STATE/ZIP : IL 60657 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,710.50 ANNUAL RATE ADJUST: MONTHLY P&I : 2,831.17 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 54.79400 ---------------------------------------------------------------- 0 0031319585 MORTGAGORS: AGUIRRE TRINIDAD AGUIRRE MARIE REGION CODE ADDRESS : #6 MICHELLE COURT 01 CITY : TROPHY CLUB STATE/ZIP : TX 76262 MORTGAGE AMOUNT : 279,200.00 OPTION TO CONVERT : UNPAID BALANCE : 278,965.43 ANNUAL RATE ADJUST: MONTHLY P&I : 1,834.15 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031319635 MORTGAGORS: ROBERTSON MARIAN REGION CODE ADDRESS : 4406 FOUR WINDS LANE 01 CITY : NORTHBROOK STATE/ZIP : IL 60062 MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT : UNPAID BALANCE : 250,818.34 ANNUAL RATE ADJUST: MONTHLY P&I : 1,776.56 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 76.06000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,310,800.00 P & I AMT: 9,070.59 UPB AMT: 1,309,804.66 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 254 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031319668 MORTGAGORS: LUDERS MICHAEL LUDERS MELANIE REGION CODE ADDRESS : 216 ROCKRIDGE ROAD 01 CITY : SAN CARLOS STATE/ZIP : CA 94070 MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT : UNPAID BALANCE : 374,700.12 ANNUAL RATE ADJUST: MONTHLY P&I : 2,526.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 56.39090 ---------------------------------------------------------------- 0 0031319874 MORTGAGORS: RUNZEL WILLIAM CAVALLO-RUNZEL LAUREN REGION CODE ADDRESS : 9541 RIDGEWAY 01 CITY : EVANSTON STATE/ZIP : IL 60203 MORTGAGE AMOUNT : 322,500.00 OPTION TO CONVERT : UNPAID BALANCE : 322,500.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,254.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031320096 MORTGAGORS: BRADY ROBERT BRADY CAROLYN REGION CODE ADDRESS : 10 RED BARN LANE 01 CITY : BROOKFIELD STATE/ZIP : CT 06804 MORTGAGE AMOUNT : 249,000.00 OPTION TO CONVERT : UNPAID BALANCE : 249,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,783.87 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 77.57000 ---------------------------------------------------------------- 0 0031320690 MORTGAGORS: WALDORF JERRY WALDORF MARIA REGION CODE ADDRESS : 7251 GLENHAVEN COURT 01 CITY : WEST HILLS STATE/ZIP : CA 91307 MORTGAGE AMOUNT : 356,300.00 OPTION TO CONVERT : UNPAID BALANCE : 356,000.66 ANNUAL RATE ADJUST: MONTHLY P&I : 2,340.64 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 79.99300 ---------------------------------------------------------------- 0 0031320716 MORTGAGORS: DENNIS JOHN DENNIS BETTY ANN REGION CODE ADDRESS : 27 SILVER SPUR LANE 01 CITY : BELL CANYON STATE/ZIP : CA 91307 MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT : UNPAID BALANCE : 444,644.14 ANNUAL RATE ADJUST: MONTHLY P&I : 2,998.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 66.41700 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,747,800.00 P & I AMT: 11,903.97 UPB AMT: 1,746,844.92 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 255 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031320757 MORTGAGORS: QUIRING DONALD QUIRING GEORGETTA REGION CODE ADDRESS : 1308 SOLANO DRIVE 01 CITY : PACIFICIA STATE/ZIP : CA 94044 MORTGAGE AMOUNT : 256,000.00 OPTION TO CONVERT : UNPAID BALANCE : 255,628.26 ANNUAL RATE ADJUST: MONTHLY P&I : 1,811.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031320948 MORTGAGORS: SAVALA RICHARD SAVALA JEAN REGION CODE ADDRESS : 3961 BLACK OAK DRIVE 01 CITY : SANTA ROSA STATE/ZIP : CA 95403 MORTGAGE AMOUNT : 288,900.00 OPTION TO CONVERT : UNPAID BALANCE : 288,680.17 ANNUAL RATE ADJUST: MONTHLY P&I : 1,995.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 84.97080 ---------------------------------------------------------------- 0 0031321243 MORTGAGORS: KACZ MICHAEL KACZ DIANE REGION CODE ADDRESS : 1820 OAK GROVE DRIVE 01 CITY : NORTH DEIGHTON STATE/ZIP : MA 02764 MORTGAGE AMOUNT : 313,000.00 OPTION TO CONVERT : UNPAID BALANCE : 312,767.71 ANNUAL RATE ADJUST: MONTHLY P&I : 2,188.54 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 89.42800 ---------------------------------------------------------------- 0 0031321250 MORTGAGORS: MUIR JOHN MUIR MARJORIE REGION CODE ADDRESS : 3498 LINDA VISTA ROAD 01 CITY : GLENDALE STATE/ZIP : CA 91206 MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT : UNPAID BALANCE : 294,775.53 ANNUAL RATE ADJUST: MONTHLY P&I : 2,037.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 69.41100 ---------------------------------------------------------------- 0 0031321276 MORTGAGORS: CUEN BRAD CUEN RONALEE REGION CODE ADDRESS : 12575 SILVER FOX COURT 01 CITY : ROSWELL STATE/ZIP : GA 30075 MORTGAGE AMOUNT : 251,750.00 OPTION TO CONVERT : UNPAID BALANCE : 251,558.44 ANNUAL RATE ADJUST: MONTHLY P&I : 1,738.77 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,404,650.00 P & I AMT: 9,772.11 UPB AMT: 1,403,410.11 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 256 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031321292 MORTGAGORS: SHIM CHON SHIM MYOUNG REGION CODE ADDRESS : 10409 VAN PATTEN LANE 01 CITY : GREAT FALLS STATE/ZIP : VA 22066 MORTGAGE AMOUNT : 517,000.00 OPTION TO CONVERT : UNPAID BALANCE : 516,635.11 ANNUAL RATE ADJUST: MONTHLY P&I : 3,703.85 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 79.77900 ---------------------------------------------------------------- 0 0031321607 MORTGAGORS: MARSALLA JOSEPH REGION CODE ADDRESS : 4820 DAUNTLESS WAY 01 CITY : FAIR OAKS STATE/ZIP : CA 95628 MORTGAGE AMOUNT : 236,550.00 OPTION TO CONVERT : UNPAID BALANCE : 236,365.47 ANNUAL RATE ADJUST: MONTHLY P&I : 1,613.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 79.98900 ---------------------------------------------------------------- 0 0031321714 MORTGAGORS: SHAPLAND RANDALL SHAPLAND PATRICIA REGION CODE ADDRESS : 4057 CAMROSE AVENUE 01 CITY : LIVERMORE STATE/ZIP : CA 94550 MORTGAGE AMOUNT : 316,000.00 OPTION TO CONVERT : UNPAID BALANCE : 315,759.54 ANNUAL RATE ADJUST: MONTHLY P&I : 2,182.54 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031321888 MORTGAGORS: GONZALEZ ESVIN GONZALEZ ALSIRA REGION CODE ADDRESS : 2559 CASTELLO WAY 01 CITY : SANTA CLARA STATE/ZIP : CA 95051 MORTGAGE AMOUNT : 233,100.00 OPTION TO CONVERT : UNPAID BALANCE : 232,744.17 ANNUAL RATE ADJUST: MONTHLY P&I : 1,609.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031321912 MORTGAGORS: MADSEN DONALD REGION CODE ADDRESS : 1585 "E" STREET 01 CITY : HAYWARD STATE/ZIP : CA 94541 MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT : UNPAID BALANCE : 254,805.97 ANNUAL RATE ADJUST: MONTHLY P&I : 1,761.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 76.11940 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,557,650.00 P & I AMT: 10,871.26 UPB AMT: 1,556,310.26 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 257 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031321987 MORTGAGORS: TOFANO JEFFREY REGION CODE ADDRESS : 1568 DORCEY LANE 01 CITY : SAN JOSE STATE/ZIP : CA 95120 MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT : UNPAID BALANCE : 479,267.27 ANNUAL RATE ADJUST: MONTHLY P&I : 3,315.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031322126 MORTGAGORS: CLELLAND CHARLES CLELLAND DIANE REGION CODE ADDRESS : 11988 WINDOM PEAK WAY 01 CITY : SAN DIEGO STATE/ZIP : CA 92131 MORTGAGE AMOUNT : 274,600.00 OPTION TO CONVERT : UNPAID BALANCE : 274,159.51 ANNUAL RATE ADJUST: MONTHLY P&I : 1,850.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 89.98145 ---------------------------------------------------------------- 0 0031322142 MORTGAGORS: COLVER MICHAEL COLVER ANNETTE REGION CODE ADDRESS : 20901 RAINTREE LANE 01 CITY : TRABUCO CANYON (AREA) STATE/ZIP : CA 92679 MORTGAGE AMOUNT : 258,500.00 OPTION TO CONVERT : UNPAID BALANCE : 258,105.39 ANNUAL RATE ADJUST: MONTHLY P&I : 1,785.40 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 86.16666 ---------------------------------------------------------------- 0 0031322183 MORTGAGORS: HEFFERNAN F. MARTIN PAMELA REGION CODE ADDRESS : 43 NOKOMIS AVENUE 01 CITY : SAN ANSELMO STATE/ZIP : CA 94960 MORTGAGE AMOUNT : 472,500.00 OPTION TO CONVERT : UNPAID BALANCE : 471,760.59 ANNUAL RATE ADJUST: MONTHLY P&I : 3,223.28 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031322191 MORTGAGORS: GRIFFIN CHRISTOPHER GRIFFIN GERALDINE REGION CODE ADDRESS : 425 21ST STREET 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92648 MORTGAGE AMOUNT : 296,000.00 OPTION TO CONVERT : UNPAID BALANCE : 295,525.17 ANNUAL RATE ADJUST: MONTHLY P&I : 1,994.21 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 76.68393 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,781,600.00 P & I AMT: 12,168.16 UPB AMT: 1,778,817.93 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 258 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031322621 MORTGAGORS: JENSEN GARY JENSEN MICHELE REGION CODE ADDRESS : 934 PASEO VIENTO 01 CITY : SAN DIMAS STATE/ZIP : CA 91773 MORTGAGE AMOUNT : 230,800.00 OPTION TO CONVERT : UNPAID BALANCE : 230,645.14 ANNUAL RATE ADJUST: MONTHLY P&I : 1,693.53 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031323108 MORTGAGORS: JONES RONALD JONES LEANORA REGION CODE ADDRESS : 13950 NORTH POINT COURT 01 CITY : PINEGROVE STATE/ZIP : CA 95665 MORTGAGE AMOUNT : 243,000.00 OPTION TO CONVERT : UNPAID BALANCE : 242,819.66 ANNUAL RATE ADJUST: MONTHLY P&I : 1,699.09 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031323140 MORTGAGORS: JUNG MABEL WONG BENJAMIN REGION CODE ADDRESS : 811 27TH STREET 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94131 MORTGAGE AMOUNT : 330,000.00 OPTION TO CONVERT : UNPAID BALANCE : 329,729.50 ANNUAL RATE ADJUST: MONTHLY P&I : 2,195.50 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 57.69200 ---------------------------------------------------------------- 0 0031323199 MORTGAGORS: ELIA JAKLIN REGION CODE ADDRESS : 4810 ADELE COURT 01 CITY : LOS ANGELES (WOODLAND HIL STATE/ZIP : CA 91364 MORTGAGE AMOUNT : 267,000.00 OPTION TO CONVERT : UNPAID BALANCE : 266,811.55 ANNUAL RATE ADJUST: MONTHLY P&I : 1,912.82 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 62.82300 ---------------------------------------------------------------- 0 0031323207 MORTGAGORS: JEON ROBERT JEON JUNE REGION CODE ADDRESS : 3215 MONTEREY BLVD 01 CITY : OAKLAND STATE/ZIP : CA 94602 MORTGAGE AMOUNT : 315,000.00 OPTION TO CONVERT : UNPAID BALANCE : 314,772.01 ANNUAL RATE ADJUST: MONTHLY P&I : 2,229.55 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,385,800.00 P & I AMT: 9,730.49 UPB AMT: 1,384,777.86 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 259 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031323231 MORTGAGORS: STOCKTON ROBERT STOCKTON JENNIFER REGION CODE ADDRESS : 20 GINGHAM STREET 01 CITY : TRABUCO CANYON AREA STATE/ZIP : CA 92679 MORTGAGE AMOUNT : 271,100.00 OPTION TO CONVERT : UNPAID BALANCE : 270,888.52 ANNUAL RATE ADJUST: MONTHLY P&I : 1,849.38 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 89.98300 ---------------------------------------------------------------- 0 0031323280 MORTGAGORS: TREMENTOZZI JOHN TREMENTOZZI MONICA REGION CODE ADDRESS : 905 CALIFORNIA AVENUE 01 CITY : HUNTINGTON BEACH STATE/ZIP : CA 92648 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,786.94 ANNUAL RATE ADJUST: MONTHLY P&I : 1,933.89 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031323298 MORTGAGORS: TRZASKA THOMAS REGION CODE ADDRESS : 1391 NORTH JACKSON STREET 01 CITY : CHANDLER STATE/ZIP : AZ 85225 MORTGAGE AMOUNT : 95,600.00 OPTION TO CONVERT : UNPAID BALANCE : 95,519.69 ANNUAL RATE ADJUST: MONTHLY P&I : 628.02 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031323314 MORTGAGORS: SERIL ROBERT SERIL SANDRA REGION CODE ADDRESS : 56 CARSON 01 CITY : IRVINE STATE/ZIP : CA 92620 MORTGAGE AMOUNT : 259,300.00 OPTION TO CONVERT : UNPAID BALANCE : 259,116.98 ANNUAL RATE ADJUST: MONTHLY P&I : 1,857.66 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 94.98100 ---------------------------------------------------------------- 0 0031323322 MORTGAGORS: LYNCH LEO LYNCH MARIANNE REGION CODE ADDRESS : 616 LASSEN STREET 01 CITY : SOUTH SAN FRANCISCO STATE/ZIP : CA 94080 MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT : UNPAID BALANCE : 244,808.88 ANNUAL RATE ADJUST: MONTHLY P&I : 1,671.33 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 72.05800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,151,000.00 P & I AMT: 7,940.28 UPB AMT: 1,150,121.01 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 260 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031323330 MORTGAGORS: SOUZA RAYMOND REGION CODE ADDRESS : 1233 CLAYTON STREET 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94114 MORTGAGE AMOUNT : 325,000.00 OPTION TO CONVERT : UNPAID BALANCE : 324,746.47 ANNUAL RATE ADJUST: MONTHLY P&I : 2,217.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 48.14800 ---------------------------------------------------------------- 0 0031323348 MORTGAGORS: LANE NOEL LANE ANNE REGION CODE ADDRESS : 2471 VINEYARD ROAD 01 CITY : NOVATO STATE/ZIP : CA 94947 MORTGAGE AMOUNT : 267,200.00 OPTION TO CONVERT : UNPAID BALANCE : 267,001.69 ANNUAL RATE ADJUST: MONTHLY P&I : 1,868.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031323355 MORTGAGORS: PATTERSON WILLIAM PATTERSON PATTI REGION CODE ADDRESS : 393 SCENIC ROAD 01 CITY : FAIRFAX STATE/ZIP : CA 94930 MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT : UNPAID BALANCE : 251,808.25 ANNUAL RATE ADJUST: MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- 0 0031323371 MORTGAGORS: VARADHARAJULU KUPPUSWAMI BALASUBRAMANIAN POONGUZHALI REGION CODE ADDRESS : 2721 BARRINGTON TERRACE 01 CITY : FREMONT STATE/ZIP : CA 94536 MORTGAGE AMOUNT : 244,000.00 OPTION TO CONVERT : UNPAID BALANCE : 243,636.71 ANNUAL RATE ADJUST: MONTHLY P&I : 1,706.08 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031323389 MORTGAGORS: MORRIS MICHAEL HECHT VICTORIA REGION CODE ADDRESS : 1124 HIGHLAND DRIVE 01 CITY : NOVATO STATE/ZIP : CA 94949 MORTGAGE AMOUNT : 293,500.00 OPTION TO CONVERT : UNPAID BALANCE : 293,084.36 ANNUAL RATE ADJUST: MONTHLY P&I : 2,102.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 76.53100 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,381,700.00 P & I AMT: 9,634.62 UPB AMT: 1,380,277.48 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 261 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031323405 MORTGAGORS: VICKERY SAMUEL VICKERY PAMELA REGION CODE ADDRESS : 32611 CARIBBEAN DRIVE 01 CITY : DANA POINT STATE/ZIP : CA 92629 MORTGAGE AMOUNT : 512,000.00 OPTION TO CONVERT : UNPAID BALANCE : 511,610.41 ANNUAL RATE ADJUST: MONTHLY P&I : 3,536.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031323447 MORTGAGORS: GERBER BENCE REGION CODE ADDRESS : 6700 SUNNYSLOPE AVENUE 01 CITY : CASTRO VALLEY STATE/ZIP : CA 94552 MORTGAGE AMOUNT : 375,000.00 OPTION TO CONVERT : UNPAID BALANCE : 374,427.56 ANNUAL RATE ADJUST: MONTHLY P&I : 2,590.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031323454 MORTGAGORS: VON PAYR PETER VON PAYR ANNE REGION CODE ADDRESS : 835 BROMFIELD ROAD 01 CITY : SAN MATEO STATE/ZIP : CA 94402 MORTGAGE AMOUNT : 379,000.00 OPTION TO CONVERT : UNPAID BALANCE : 378,732.51 ANNUAL RATE ADJUST: MONTHLY P&I : 2,715.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 45.93900 ---------------------------------------------------------------- 0 0031323470 MORTGAGORS: TROWBRIDGE CORRIN SEABROOK VIRGINIA REGION CODE ADDRESS : 1659 KENTUCKY STREET 01 CITY : REDWOOD CITY STATE/ZIP : CA 94061 MORTGAGE AMOUNT : 356,000.00 OPTION TO CONVERT : UNPAID BALANCE : 355,735.80 ANNUAL RATE ADJUST: MONTHLY P&I : 2,489.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031323496 MORTGAGORS: MCGREADY EDWARD ROCKENBACH HEIDI REGION CODE ADDRESS : 4810 OGRAM ROAD 01 CITY : SANTA BARBARA STATE/ZIP : CA 93105 MORTGAGE AMOUNT : 281,000.00 OPTION TO CONVERT : UNPAID BALANCE : 280,780.79 ANNUAL RATE ADJUST: MONTHLY P&I : 1,916.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 75.94594 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,903,000.00 P & I AMT: 13,247.61 UPB AMT: 1,901,287.07 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 262 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031323504 MORTGAGORS: ST. CLAIR STEPHEN ST. CLAIR ANITA REGION CODE ADDRESS : 85 EMERSON LANE 01 CITY : BERKELEY HEIGHTS TWP. STATE/ZIP : NJ 07922 MORTGAGE AMOUNT : 333,450.00 OPTION TO CONVERT : UNPAID BALANCE : 332,953.50 ANNUAL RATE ADJUST: MONTHLY P&I : 2,331.54 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031324387 MORTGAGORS: ATOA SAMUELU ATOA LORI REGION CODE ADDRESS : 641 SOUTH MAIN STREET 01 CITY : OREM STATE/ZIP : UT 84058 MORTGAGE AMOUNT : 109,600.00 OPTION TO CONVERT : UNPAID BALANCE : 109,510.16 ANNUAL RATE ADJUST: MONTHLY P&I : 729.17 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031324627 MORTGAGORS: BRADSHAW BRIAN BRADSHAW KRISTINE REGION CODE ADDRESS : 1143 NORTH 1100 EAST 01 CITY : OREM STATE/ZIP : UT 84097 MORTGAGE AMOUNT : 258,000.00 OPTION TO CONVERT : UNPAID BALANCE : 257,541.19 ANNUAL RATE ADJUST: MONTHLY P&I : 2,098.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/18 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 72.26800 ---------------------------------------------------------------- 0 0031324940 MORTGAGORS: SORENSEN DAVID SORENSEN PATRICIA REGION CODE ADDRESS : 4211 E JANICE WAY 01 CITY : PHOENIX STATE/ZIP : AZ 85032 MORTGAGE AMOUNT : 185,250.00 OPTION TO CONVERT : UNPAID BALANCE : 185,125.70 ANNUAL RATE ADJUST: MONTHLY P&I : 1,359.30 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031325053 MORTGAGORS: SWARTZ MICHAEL SWARTZ JULIE REGION CODE ADDRESS : 12612 CAMINITO RADIANTE 01 CITY : SAN DIEGO STATE/ZIP : CA 92130 MORTGAGE AMOUNT : 356,955.00 OPTION TO CONVERT : UNPAID BALANCE : 356,683.38 ANNUAL RATE ADJUST: MONTHLY P&I : 2,465.40 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 89.91300 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,243,255.00 P & I AMT: 8,983.60 UPB AMT: 1,241,813.93 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 263 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031325194 MORTGAGORS: CHONG LAWRENCE CHONG MARGIE REGION CODE ADDRESS : 333 10TH STREET 01 CITY : SEAL BEACH STATE/ZIP : CA 90740 MORTGAGE AMOUNT : 275,000.00 OPTION TO CONVERT : UNPAID BALANCE : 274,790.74 ANNUAL RATE ADJUST: MONTHLY P&I : 1,899.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 70.87628 ---------------------------------------------------------------- 0 0031325202 MORTGAGORS: BANKS ANDREW BANKS KAREN REGION CODE ADDRESS : 22681 MAPLEWOOD 01 CITY : MISSION VIEJO STATE/ZIP : CA 92692 MORTGAGE AMOUNT : 290,400.00 OPTION TO CONVERT : UNPAID BALANCE : 290,173.46 ANNUAL RATE ADJUST: MONTHLY P&I : 1,981.04 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 78.48600 ---------------------------------------------------------------- 0 0031325707 MORTGAGORS: BEDNAR GREGORY BEDNAR LYNN REGION CODE ADDRESS : 819 INDIAN ROAD 01 CITY : GLENVIEW STATE/ZIP : IL 60025 MORTGAGE AMOUNT : 450,000.00 OPTION TO CONVERT : UNPAID BALANCE : 449,674.31 ANNUAL RATE ADJUST: MONTHLY P&I : 3,185.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 70.31200 ---------------------------------------------------------------- 0 0031326622 MORTGAGORS: GALLAGHER NEIL GALLAGHER JACQUELINE REGION CODE ADDRESS : 46 HUDSON ROAD 01 CITY : SUDBURY STATE/ZIP : MA 01776 MORTGAGE AMOUNT : 227,000.00 OPTION TO CONVERT : UNPAID BALANCE : 227,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,510.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 57.46800 ---------------------------------------------------------------- 0 0031327117 MORTGAGORS: KRET MARTIN KRET CECILIA REGION CODE ADDRESS : 2524 FARVIEW ROAD 01 CITY : FULLERTON STATE/ZIP : CA 92833 MORTGAGE AMOUNT : 265,000.00 OPTION TO CONVERT : UNPAID BALANCE : 264,817.63 ANNUAL RATE ADJUST: MONTHLY P&I : 1,921.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 79.57900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,507,400.00 P & I AMT: 10,497.14 UPB AMT: 1,506,456.14 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 264 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031327281 MORTGAGORS: MORGAN SCOTT MORGAN KATHY REGION CODE ADDRESS : 3510 259TH WAY NORTHEAST 01 CITY : REDMOND STATE/ZIP : WA 98053 MORTGAGE AMOUNT : 295,000.00 OPTION TO CONVERT : UNPAID BALANCE : 294,786.49 ANNUAL RATE ADJUST: MONTHLY P&I : 2,087.99 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 67.04500 ---------------------------------------------------------------- 0 0031327364 MORTGAGORS: GAGNE DENNIS GAGNE DONNA REGION CODE ADDRESS : 217 SOUTHWOOD DRIVE 01 CITY : SCOTTS VALLEY STATE/ZIP : CA 95066 MORTGAGE AMOUNT : 384,000.00 OPTION TO CONVERT : UNPAID BALANCE : 383,707.81 ANNUAL RATE ADJUST: MONTHLY P&I : 2,652.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031327380 MORTGAGORS: ANDAYA WILFREDO ANDAYA TERESITA REGION CODE ADDRESS : 8 WARFORD TERRACE 01 CITY : ORINDA STATE/ZIP : CA 94563 MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT : UNPAID BALANCE : 325,443.87 ANNUAL RATE ADJUST: MONTHLY P&I : 2,223.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031327703 MORTGAGORS: TWILI SHALOM TWILI LINDA REGION CODE ADDRESS : 91 WOODMONT DRIVE 01 CITY : RANDOLPH STATE/ZIP : NJ 07869 MORTGAGE AMOUNT : 158,900.00 OPTION TO CONVERT : UNPAID BALANCE : 158,900.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,111.05 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 70.00000 ---------------------------------------------------------------- 0 0031329717 MORTGAGORS: JACOBSON LAWRENCE JACOBSON CHARLENE REGION CODE ADDRESS : 11 BELLINGHAM ROAD 01 CITY : BLACKSTONE STATE/ZIP : MA 01504 MORTGAGE AMOUNT : 156,750.00 OPTION TO CONVERT : UNPAID BALANCE : 156,750.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,069.32 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,320,650.00 P & I AMT: 9,144.45 UPB AMT: 1,319,588.17 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 265 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031330723 MORTGAGORS: KOSYDOR JOSEPH KOSYDOR VICKI REGION CODE ADDRESS : 15 COUNTRY VIEW DRIVE 01 CITY : BELLEVILLE STATE/ZIP : IL 62221 MORTGAGE AMOUNT : 291,800.00 OPTION TO CONVERT : UNPAID BALANCE : 291,566.65 ANNUAL RATE ADJUST: MONTHLY P&I : 1,965.91 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 74.99300 ---------------------------------------------------------------- 0 0031330954 MORTGAGORS: GOULD KEVIN GOULD DAWN REGION CODE ADDRESS : 21704 NORTHEAST 203RD STREET 01 CITY : WOODINVILLE STATE/ZIP : WA 98072 MORTGAGE AMOUNT : 327,500.00 OPTION TO CONVERT : UNPAID BALANCE : 327,256.95 ANNUAL RATE ADJUST: MONTHLY P&I : 2,289.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 77.05800 ---------------------------------------------------------------- 0 0031332067 MORTGAGORS: FORD DENNIS FORD BRENDA REGION CODE ADDRESS : 1549 VIA ROMERO 01 CITY : ALAMO STATE/ZIP : CA 94507 MORTGAGE AMOUNT : 464,000.00 OPTION TO CONVERT : UNPAID BALANCE : 463,655.64 ANNUAL RATE ADJUST: MONTHLY P&I : 3,244.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031332760 MORTGAGORS: BERRENGE-BROWDE IAN BERRENGE-BROWDE MELISSA REGION CODE ADDRESS : 210 SIESTA DRIVE 01 CITY : APTOS STATE/ZIP : CA 95003 MORTGAGE AMOUNT : 271,200.00 OPTION TO CONVERT : UNPAID BALANCE : 270,988.44 ANNUAL RATE ADJUST: MONTHLY P&I : 1,850.06 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031333008 MORTGAGORS: KLIGMAN FRED KLIGMAN ANDREA REGION CODE ADDRESS : 19 CROFTON HILL COURT 01 CITY : ROCKVILLE STATE/ZIP : MD 20850 MORTGAGE AMOUNT : 237,000.00 OPTION TO CONVERT : UNPAID BALANCE : 236,828.46 ANNUAL RATE ADJUST: MONTHLY P&I : 1,677.48 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 81.72400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,591,500.00 P & I AMT: 11,027.74 UPB AMT: 1,590,296.14 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 266 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031333057 MORTGAGORS: GEIST DENNIS GEIST PATRICIA REGION CODE ADDRESS : 17572 VIA LOMA DRIVE 01 CITY : POWAY STATE/ZIP : CA 92064 MORTGAGE AMOUNT : 578,300.00 OPTION TO CONVERT : UNPAID BALANCE : 577,837.55 ANNUAL RATE ADJUST: MONTHLY P&I : 3,896.12 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 79.99700 ---------------------------------------------------------------- 0 0031333156 MORTGAGORS: CASELLI MICHAEL CASELLI NANCY REGION CODE ADDRESS : 1408 8TH AVENUE 01 CITY : SACRAMENTO STATE/ZIP : CA 95818 MORTGAGE AMOUNT : 264,000.00 OPTION TO CONVERT : UNPAID BALANCE : 263,804.07 ANNUAL RATE ADJUST: MONTHLY P&I : 1,845.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031334857 MORTGAGORS: YEGANEH SHAHROKH REGION CODE ADDRESS : 28301 RIDGEHAVEN COURT 01 CITY : RANCHO PALOS VERDES STATE/ZIP : CA 90275 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,812.78 ANNUAL RATE ADJUST: MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031335078 MORTGAGORS: GENEGA THOMAS GENEGA LINDA REGION CODE ADDRESS : 1509 ASHBROOK DRIVE 01 CITY : SCOTCH PLAINS STATE/ZIP : NJ 07076 MORTGAGE AMOUNT : 250,800.00 OPTION TO CONVERT : UNPAID BALANCE : 250,622.98 ANNUAL RATE ADJUST: MONTHLY P&I : 1,796.77 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031335334 MORTGAGORS: ZANONI JOHN ZANONI MAUREEN REGION CODE ADDRESS : 306 TRINITY LANE 01 CITY : OAK BROOK STATE/ZIP : IL 60521 MORTGAGE AMOUNT : 576,000.00 OPTION TO CONVERT : UNPAID BALANCE : 573,351.53 ANNUAL RATE ADJUST: MONTHLY P&I : 4,076.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 11/01/27 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,909,100.00 P & I AMT: 13,252.94 UPB AMT: 1,905,428.91 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 267 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031336027 MORTGAGORS: LOS ANTHONY LOS MARY REGION CODE ADDRESS : 21902 WESTCROFT DRIVE 01 CITY : GROSSE ILE STATE/ZIP : MI 48138 MORTGAGE AMOUNT : 273,200.00 OPTION TO CONVERT : UNPAID BALANCE : 272,997.24 ANNUAL RATE ADJUST: MONTHLY P&I : 1,910.26 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 72.85300 ---------------------------------------------------------------- 0 0031336712 MORTGAGORS: DI LORENZO JOSEPH DI LORENZO DEBRA REGION CODE ADDRESS : 104 S 12TH ST 01 CITY : BOROUGH OF LONGPORT STATE/ZIP : NJ 08403 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 287,786.26 ANNUAL RATE ADJUST: MONTHLY P&I : 2,013.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 52.36300 ---------------------------------------------------------------- 0 0031337603 MORTGAGORS: FETTKETHER TIMOTHY COYLE STEPHANIE REGION CODE ADDRESS : 10659 NW LOST PARK DRIVE 01 CITY : PORTLAND STATE/ZIP : OR 97229 MORTGAGE AMOUNT : 284,000.00 OPTION TO CONVERT : UNPAID BALANCE : 283,778.45 ANNUAL RATE ADJUST: MONTHLY P&I : 1,937.38 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 83.52940 ---------------------------------------------------------------- 0 0031338015 MORTGAGORS: DI TOMASO LEONARD DI TOMASO COLLEEN REGION CODE ADDRESS : 62 PINE STREET 01 CITY : RAMSEY STATE/ZIP : NJ 07446 MORTGAGE AMOUNT : 269,500.00 OPTION TO CONVERT : UNPAID BALANCE : 269,304.95 ANNUAL RATE ADJUST: MONTHLY P&I : 1,907.50 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 79.97000 ---------------------------------------------------------------- 0 0031338049 MORTGAGORS: WHITE DAVID ELLEFSEN SUZANNA REGION CODE ADDRESS : 6008 CRICKET ROAD 01 CITY : FLOURTOWN STATE/ZIP : PA 19031 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,777.36 ANNUAL RATE ADJUST: MONTHLY P&I : 2,097.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 62.50000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,414,700.00 P & I AMT: 9,866.52 UPB AMT: 1,413,644.26 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 268 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031338056 MORTGAGORS: BOHR ROBERT REGION CODE ADDRESS : 311 WEST PALOMINO DRIVE 01 CITY : CHANDLER STATE/ZIP : AZ 85224 MORTGAGE AMOUNT : 83,600.00 OPTION TO CONVERT : UNPAID BALANCE : 83,534.78 ANNUAL RATE ADJUST: MONTHLY P&I : 570.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 95.00000 ---------------------------------------------------------------- 0 0031338163 MORTGAGORS: SWEENEY MICHAEL SWEENEY JOAN REGION CODE ADDRESS : 30 BLACKTHORN ROAD 01 CITY : SHREWSBURY STATE/ZIP : MA 01545 MORTGAGE AMOUNT : 438,400.00 OPTION TO CONVERT : UNPAID BALANCE : 438,082.70 ANNUAL RATE ADJUST: MONTHLY P&I : 3,102.97 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.58600 ---------------------------------------------------------------- 0 0031338189 MORTGAGORS: PIZZO MELISSA REGION CODE ADDRESS : 317 CROWN VIEW DRIVE 01 CITY : ALEXANDRIA STATE/ZIP : VA 22314 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 287,538.01 ANNUAL RATE ADJUST: MONTHLY P&I : 1,940.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031338197 MORTGAGORS: CABASSO ALAN CABASSO LAVERNE REGION CODE ADDRESS : 19 CORLIES AVENUE 01 CITY : ALLENHURST STATE/ZIP : NJ 07711 MORTGAGE AMOUNT : 292,000.00 OPTION TO CONVERT : UNPAID BALANCE : 291,575.97 ANNUAL RATE ADJUST: MONTHLY P&I : 2,066.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031338718 MORTGAGORS: RYLAND JAMES RYLAND EYVONNE REGION CODE ADDRESS : 635 CENTRAL AVENUE 01 CITY : MENLO PARK STATE/ZIP : CA 94025 MORTGAGE AMOUNT : 240,000.00 OPTION TO CONVERT : UNPAID BALANCE : 239,812.78 ANNUAL RATE ADJUST: MONTHLY P&I : 1,637.22 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 43.63630 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,342,000.00 P & I AMT: 9,317.56 UPB AMT: 1,340,544.24 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 269 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031340342 MORTGAGORS: DEMUTH TINA REGION CODE ADDRESS : 3124 SOUTH WEST LURADEL STREET 01 CITY : PORTLAND STATE/ZIP : OR 97219 MORTGAGE AMOUNT : 204,250.00 OPTION TO CONVERT : UNPAID BALANCE : 204,098.41 ANNUAL RATE ADJUST: MONTHLY P&I : 1,428.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 72.94600 ---------------------------------------------------------------- 0 0031342165 MORTGAGORS: WENBERG GARY WENBERG CAROL REGION CODE ADDRESS : 1281 POKER FLAT PLACE 01 CITY : SAN JOSE STATE/ZIP : CA 95120 MORTGAGE AMOUNT : 326,000.00 OPTION TO CONVERT : UNPAID BALANCE : 325,781.25 ANNUAL RATE ADJUST: MONTHLY P&I : 2,392.08 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 59.81651 ---------------------------------------------------------------- 0 0031342769 MORTGAGORS: MYERS JIM MYERS DONNA REGION CODE ADDRESS : 40835 244TH AVENUE SE 01 CITY : ENUMCLAW STATE/ZIP : WA 98022 MORTGAGE AMOUNT : 541,200.00 OPTION TO CONVERT : UNPAID BALANCE : 540,507.41 ANNUAL RATE ADJUST: MONTHLY P&I : 4,065.85 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 69.38500 ---------------------------------------------------------------- 0 0031342801 MORTGAGORS: FRIEDMAN NEDWYN FRIEDMAN MARY REGION CODE ADDRESS : 2947 CROW NEST CIRCLE 01 CITY : ANCHORAGE STATE/ZIP : AK 99515 MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT : UNPAID BALANCE : 334,751.38 ANNUAL RATE ADJUST: MONTHLY P&I : 2,342.37 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 77.01100 ---------------------------------------------------------------- 0 0031343650 MORTGAGORS: GABLER ERICK GABLER YVONNE REGION CODE ADDRESS : 3885 SAN ANTONIO ROAD 01 CITY : YORBA LINDA STATE/ZIP : CA 92886 MORTGAGE AMOUNT : 350,400.00 OPTION TO CONVERT : UNPAID BALANCE : 350,133.37 ANNUAL RATE ADJUST: MONTHLY P&I : 2,420.13 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,756,850.00 P & I AMT: 12,648.58 UPB AMT: 1,755,271.82 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 270 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031343858 MORTGAGORS: GUMP DWAIN MCHUGH CHRISTINE REGION CODE ADDRESS : 635 HIGH VALLEY COURT 01 CITY : COLORADO SPRINGS STATE/ZIP : CO 80906 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST: MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031345614 MORTGAGORS: GIACALONE SALVATORE GIACALONE TAMILYN REGION CODE ADDRESS : 181 POWDER MILL ROAD 01 CITY : SUDBURY STATE/ZIP : MA 01776 MORTGAGE AMOUNT : 205,000.00 OPTION TO CONVERT : UNPAID BALANCE : 205,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,398.47 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 48.23529 ---------------------------------------------------------------- 0 0031346323 MORTGAGORS: MC EWAN RICHARD MC EWAN KAREN REGION CODE ADDRESS : 921 ROSE COTTAGE ROAD 01 CITY : ST SIMONS ISLAND STATE/ZIP : GA 31522 MORTGAGE AMOUNT : 431,250.00 OPTION TO CONVERT : UNPAID BALANCE : 430,929.95 ANNUAL RATE ADJUST: MONTHLY P&I : 3,015.36 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031346463 MORTGAGORS: SEELEY GERALD SEELEY LOIS REGION CODE ADDRESS : 402 63RD AVE NORTH 01 CITY : MYRTLE BEACH STATE/ZIP : SC 29577 MORTGAGE AMOUNT : 210,800.00 OPTION TO CONVERT : UNPAID BALANCE : 210,643.55 ANNUAL RATE ADJUST: MONTHLY P&I : 1,473.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 66.28900 ---------------------------------------------------------------- 0 0031347040 MORTGAGORS: RANDAZZO ANTHONY RANDAZZO COLLEEN REGION CODE ADDRESS : 1702 JEANNE CIRCLE 01 CITY : MARTINEZ STATE/ZIP : CA 94553 MORTGAGE AMOUNT : 239,000.00 OPTION TO CONVERT : UNPAID BALANCE : 238,835.52 ANNUAL RATE ADJUST: MONTHLY P&I : 1,732.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 83.85900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,386,050.00 P & I AMT: 9,692.73 UPB AMT: 1,385,180.74 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 271 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031347156 MORTGAGORS: MCCRARY FRANK MCCRARY PATRICIA REGION CODE ADDRESS : 4122 ANGELA PLACE 01 CITY : PLEASANTON STATE/ZIP : CA 94566 MORTGAGE AMOUNT : 435,000.00 OPTION TO CONVERT : UNPAID BALANCE : 434,335.96 ANNUAL RATE ADJUST: MONTHLY P&I : 3,004.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 74.87091 ---------------------------------------------------------------- 0 0031347172 MORTGAGORS: RICCARDI ROBERT BOWMAN DEBORAH REGION CODE ADDRESS : 241 THE UPLANDS 01 CITY : BERKELEY STATE/ZIP : CA 94705 MORTGAGE AMOUNT : 454,000.00 OPTION TO CONVERT : UNPAID BALANCE : 453,654.54 ANNUAL RATE ADJUST: MONTHLY P&I : 3,135.67 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 70.93750 ---------------------------------------------------------------- 0 0031347206 MORTGAGORS: FRANKS DEAN REGION CODE ADDRESS : 12609 WOODGREEN STREET 01 CITY : LOS ANGELES STATE/ZIP : CA 90066 MORTGAGE AMOUNT : 258,300.00 OPTION TO CONVERT : UNPAID BALANCE : 258,103.46 ANNUAL RATE ADJUST: MONTHLY P&I : 1,784.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031347370 MORTGAGORS: SLIDER DAN REGION CODE ADDRESS : 13304 NEWCOMB DRIVE 01 CITY : SHERMAN OAKS STATE/ZIP : CA 91423 MORTGAGE AMOUNT : 425,000.00 OPTION TO CONVERT : UNPAID BALANCE : 424,676.61 ANNUAL RATE ADJUST: MONTHLY P&I : 2,935.37 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 73.91304 ---------------------------------------------------------------- 0 0031347958 MORTGAGORS: HASSENBERG BARRY FLORES-OSTER DAWN REGION CODE ADDRESS : 4025 HOLLYLINE AVENUE 01 CITY : SHERMAN OAKS STATE/ZIP : CA 91423 MORTGAGE AMOUNT : 426,000.00 OPTION TO CONVERT : UNPAID BALANCE : 425,675.85 ANNUAL RATE ADJUST: MONTHLY P&I : 2,942.28 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 67.61900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,998,300.00 P & I AMT: 13,801.77 UPB AMT: 1,996,446.42 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 272 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031348428 MORTGAGORS: FREDERICKS THOMAS KYRK CHRISTINE REGION CODE ADDRESS : 4810 TRENTON ROAD 01 CITY : SANTA ROSA STATE/ZIP : CA 95401 MORTGAGE AMOUNT : 255,000.00 OPTION TO CONVERT : UNPAID BALANCE : 254,805.96 ANNUAL RATE ADJUST: MONTHLY P&I : 1,761.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 61.44500 ---------------------------------------------------------------- 0 0031348683 MORTGAGORS: REYNOLDS PAUL REYNOLDS MARGARET REGION CODE ADDRESS : 35 CYPRESS AVENUE 01 CITY : KENTFIELD STATE/ZIP : CA 94904 MORTGAGE AMOUNT : 418,000.00 OPTION TO CONVERT : UNPAID BALANCE : 417,681.93 ANNUAL RATE ADJUST: MONTHLY P&I : 2,887.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 53.93500 ---------------------------------------------------------------- 0 0031348873 MORTGAGORS: HINES DUANE HINES DARLENE REGION CODE ADDRESS : 38460 ROBINSON REEF DRIVE 01 CITY : GUALALA STATE/ZIP : CA 95445 MORTGAGE AMOUNT : 242,400.00 OPTION TO CONVERT : UNPAID BALANCE : 242,233.18 ANNUAL RATE ADJUST: MONTHLY P&I : 1,757.57 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031348956 MORTGAGORS: LAKE JEFFREY LAKE JACQUELINE REGION CODE ADDRESS : 10922 PROMESA DRIVE 01 CITY : SAN DIEGO STATE/ZIP : CA 92124 MORTGAGE AMOUNT : 294,400.00 OPTION TO CONVERT : UNPAID BALANCE : 294,175.98 ANNUAL RATE ADJUST: MONTHLY P&I : 2,033.35 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 94.99800 ---------------------------------------------------------------- 0 0031348964 MORTGAGORS: MELENDEZ CARLOS MELENDEZ ANDREA REGION CODE ADDRESS : 19 POPLAR POINT ROAD 01 CITY : EDGEWATER STATE/ZIP : MD 21037 MORTGAGE AMOUNT : 342,800.00 OPTION TO CONVERT : UNPAID BALANCE : 342,545.59 ANNUAL RATE ADJUST: MONTHLY P&I : 2,396.91 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,552,600.00 P & I AMT: 10,836.09 UPB AMT: 1,551,442.64 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 273 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031349459 MORTGAGORS: ADDICKS DAVID DOWD KRISTEN REGION CODE ADDRESS : 103 CALLE DEL ARROYO 01 CITY : STINSON BEACH STATE/ZIP : CA 94970 MORTGAGE AMOUNT : 268,000.00 OPTION TO CONVERT : UNPAID BALANCE : 267,796.07 ANNUAL RATE ADJUST: MONTHLY P&I : 1,851.01 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031351729 MORTGAGORS: SONG LIJUN HAN XIAO REGION CODE ADDRESS : 974 COEUR D'ALENE WAY 01 CITY : SUNNYVALE STATE/ZIP : CA 94087 MORTGAGE AMOUNT : 361,600.00 OPTION TO CONVERT : UNPAID BALANCE : 361,324.84 ANNUAL RATE ADJUST: MONTHLY P&I : 2,497.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031351802 MORTGAGORS: WILSON JOHN WILSON NOEL REGION CODE ADDRESS : 2652 CAMINO SEGURA 01 CITY : PLEASANTON STATE/ZIP : CA 94566 MORTGAGE AMOUNT : 288,000.00 OPTION TO CONVERT : UNPAID BALANCE : 287,780.85 ANNUAL RATE ADJUST: MONTHLY P&I : 1,989.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 66.20600 ---------------------------------------------------------------- 0 0031351828 MORTGAGORS: ROSS STEVEN ROSS SUSAN REGION CODE ADDRESS : 492 SOUTH AVENUE 01 CITY : GLENCOE STATE/ZIP : IL 60022 MORTGAGE AMOUNT : 650,000.00 OPTION TO CONVERT : UNPAID BALANCE : 649,552.67 ANNUAL RATE ADJUST: MONTHLY P&I : 4,712.96 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 50.00000 ---------------------------------------------------------------- 0 0031352503 MORTGAGORS: WILLIAMS WALTER WILLIAMS KATHERINE REGION CODE ADDRESS : 94 EDMUNDS ROAD 01 CITY : WELLESLEY STATE/ZIP : MA 02181 MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT : UNPAID BALANCE : 524,629.47 ANNUAL RATE ADJUST: MONTHLY P&I : 3,761.16 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 53.95600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,092,600.00 P & I AMT: 14,811.77 UPB AMT: 2,091,083.90 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 274 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031352545 MORTGAGORS: GAUTHIER PETER GAUTHIER TRACY REGION CODE ADDRESS : 7083 GARDEN WALK 01 CITY : COLUMBIA STATE/ZIP : MD 21044 MORTGAGE AMOUNT : 329,600.00 OPTION TO CONVERT : UNPAID BALANCE : 329,342.87 ANNUAL RATE ADJUST: MONTHLY P&I : 2,248.46 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031353089 MORTGAGORS: MARKMAN ADAM MARKMAN REBECCA REGION CODE ADDRESS : 1170 TEMPLE HILLS DRIVE 01 CITY : LAGUNA BEACH STATE/ZIP : CA 92651 MORTGAGE AMOUNT : 383,500.00 OPTION TO CONVERT : UNPAID BALANCE : 383,208.19 ANNUAL RATE ADJUST: MONTHLY P&I : 2,648.74 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 75.19600 ---------------------------------------------------------------- 0 0031354269 MORTGAGORS: PACQUING FELIX PACQUING DEANNE REGION CODE ADDRESS : 2342 EAGLE CREEK LANE 01 CITY : OXNARD STATE/ZIP : CA 93030 MORTGAGE AMOUNT : 248,000.00 OPTION TO CONVERT : UNPAID BALANCE : 247,811.30 ANNUAL RATE ADJUST: MONTHLY P&I : 1,712.87 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031354343 MORTGAGORS: PACIONI CHARLES PACIONI ELISABETH REGION CODE ADDRESS : 404 ANTELOPE RIDGE WAY 01 CITY : DANVILLE STATE/ZIP : CA 94526 MORTGAGE AMOUNT : 312,800.00 OPTION TO CONVERT : UNPAID BALANCE : 312,561.99 ANNUAL RATE ADJUST: MONTHLY P&I : 2,160.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031354491 MORTGAGORS: DONADIO DAVID DONADIO KRISTINE REGION CODE ADDRESS : 10680 OCCIDENTIAL RD 01 CITY : SEBASTOPOL STATE/ZIP : CA 95472 MORTGAGE AMOUNT : 245,000.00 OPTION TO CONVERT : UNPAID BALANCE : 244,813.58 ANNUAL RATE ADJUST: MONTHLY P&I : 1,692.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 85.96400 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,518,900.00 P & I AMT: 10,462.65 UPB AMT: 1,517,737.93 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 275 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031354525 MORTGAGORS: PRONOS JOHN PRONOS ELENI REGION CODE ADDRESS : 840 WESTWOOD LANE 01 CITY : WILMETTE STATE/ZIP : IL 60091 MORTGAGE AMOUNT : 310,500.00 OPTION TO CONVERT : UNPAID BALANCE : 310,500.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,171.07 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 90.00000 ---------------------------------------------------------------- 0 0031355324 MORTGAGORS: WIGGINS J. WIGGINS DENISE REGION CODE ADDRESS : 8809 QUADRO COURT 01 CITY : LAS VEGAS STATE/ZIP : NV 89134 MORTGAGE AMOUNT : 388,000.00 OPTION TO CONVERT : UNPAID BALANCE : 387,704.76 ANNUAL RATE ADJUST: MONTHLY P&I : 2,679.82 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031357429 MORTGAGORS: GRAYSON DEAN GRAYSON DEVORAH REGION CODE ADDRESS : 7612 GLACKENS DR 01 CITY : POTOMAC STATE/ZIP : MD 20854 MORTGAGE AMOUNT : 328,000.00 OPTION TO CONVERT : UNPAID BALANCE : 327,750.42 ANNUAL RATE ADJUST: MONTHLY P&I : 2,265.41 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031357437 MORTGAGORS: DAWSON DEAN RANKIN SUSANNAH REGION CODE ADDRESS : 31 PONDVIEW AVENUE 01 CITY : JAMAICA PLAIN STATE/ZIP : MA 02130 MORTGAGE AMOUNT : 234,000.00 OPTION TO CONVERT : UNPAID BALANCE : 233,830.64 ANNUAL RATE ADJUST: MONTHLY P&I : 1,656.24 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 75.48300 ---------------------------------------------------------------- 0 0031357452 MORTGAGORS: COLELLA JOHN COLELLA KAREN REGION CODE ADDRESS : 43940 FELICITY PLACE 01 CITY : ASHBURN STATE/ZIP : VA 20147 MORTGAGE AMOUNT : 243,200.00 OPTION TO CONVERT : UNPAID BALANCE : 243,028.36 ANNUAL RATE ADJUST: MONTHLY P&I : 1,742.31 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,503,700.00 P & I AMT: 10,514.85 UPB AMT: 1,502,814.18 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 276 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031357619 MORTGAGORS: HAIGHT WILLIAM HAIGHT ZELDA REGION CODE ADDRESS : 32820 S ELK DRIVE DR 01 CITY : STEAMBOAT SPRINGS STATE/ZIP : CO 80487 MORTGAGE AMOUNT : 480,000.00 OPTION TO CONVERT : UNPAID BALANCE : 480,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,356.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 65.30600 ---------------------------------------------------------------- 0 0031359094 MORTGAGORS: PERKOWSKI WIESLAW PERKOWSKI LEORA REGION CODE ADDRESS : 18755 ST MARK'S AVENUE 01 CITY : MORGAN HILL STATE/ZIP : CA 95037 MORTGAGE AMOUNT : 641,250.00 OPTION TO CONVERT : UNPAID BALANCE : 640,797.42 ANNUAL RATE ADJUST: MONTHLY P&I : 4,593.99 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 250 LTV : 75.00000 ---------------------------------------------------------------- 0 0031359102 MORTGAGORS: HENNING STEPHEN HENNING STACEY REGION CODE ADDRESS : 323 SAN VICENTE BLVD UNIT #16 01 CITY : SANTA MONICA STATE/ZIP : CA 90402 MORTGAGE AMOUNT : 468,000.00 OPTION TO CONVERT : UNPAID BALANCE : 467,661.28 ANNUAL RATE ADJUST: MONTHLY P&I : 3,312.47 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031359136 MORTGAGORS: LUTZ BRADLEY LUTZ ELMIR REGION CODE ADDRESS : 3915 DAVIDS ROAD 01 CITY : AGOURA HILLS AREA STATE/ZIP : CA 91301 MORTGAGE AMOUNT : 560,000.00 OPTION TO CONVERT : UNPAID BALANCE : 559,594.69 ANNUAL RATE ADJUST: MONTHLY P&I : 3,963.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 250 LTV : 80.00000 ---------------------------------------------------------------- 0 0031359243 MORTGAGORS: KOON DAVID KOON PATRICIA REGION CODE ADDRESS : 1915 N.W. NORFOLK COURT 01 CITY : PORTLAND STATE/ZIP : OR 97229 MORTGAGE AMOUNT : 332,000.00 OPTION TO CONVERT : UNPAID BALANCE : 331,505.66 ANNUAL RATE ADJUST: MONTHLY P&I : 2,321.40 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,481,250.00 P & I AMT: 17,547.73 UPB AMT: 2,479,559.05 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 277 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031359573 MORTGAGORS: ANDERSON KEITH REGION CODE ADDRESS : 3RD SE OF 8TH AVE AND MONTE VERDE S 01 CITY : CARMEL STATE/ZIP : CA 93921 MORTGAGE AMOUNT : 445,000.00 OPTION TO CONVERT : UNPAID BALANCE : 444,685.93 ANNUAL RATE ADJUST: MONTHLY P&I : 3,188.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 250 LTV : 66.41700 ---------------------------------------------------------------- 0 0031359847 MORTGAGORS: HIGGINS JANINE REGION CODE ADDRESS : 45 HACIENDA DRIVE 01 CITY : TIBURON STATE/ZIP : CA 94920 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,695.63 ANNUAL RATE ADJUST: MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 40.94100 ---------------------------------------------------------------- 0 0031359979 MORTGAGORS: LASH JOHN LASH BARBARA REGION CODE ADDRESS : 2 MEADOWBROOK ROAD 01 CITY : FRANKLIN STATE/ZIP : MA 02038 MORTGAGE AMOUNT : 128,000.00 OPTION TO CONVERT : UNPAID BALANCE : 128,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 873.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 75.73900 ---------------------------------------------------------------- 0 0031360084 MORTGAGORS: KINSELLA STEVEN KINSELLA LINDA REGION CODE ADDRESS : 16350 SAN RAMON DRIVE 01 CITY : MORGAN HILL STATE/ZIP : CA 95037 MORTGAGE AMOUNT : 281,250.00 OPTION TO CONVERT : UNPAID BALANCE : 281,036.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,942.52 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.71100 ---------------------------------------------------------------- 0 0031360274 MORTGAGORS: WROBEL JEFF WROBEL ROSALBA REGION CODE ADDRESS : 10712 QUEEN AVENUE 01 CITY : LA MESA STATE/ZIP : CA 91941 MORTGAGE AMOUNT : 252,000.00 OPTION TO CONVERT : UNPAID BALANCE : 252,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,740.50 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,506,250.00 P & I AMT: 10,506.94 UPB AMT: 1,505,417.56 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 278 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031360597 MORTGAGORS: TAVASZI FRANK TAVASZI LINDA REGION CODE ADDRESS : 55 TAMALPAIS ROAD 01 CITY : KENTFIELD STATE/ZIP : CA 94904 MORTGAGE AMOUNT : 495,500.00 OPTION TO CONVERT : UNPAID BALANCE : 495,175.88 ANNUAL RATE ADJUST: MONTHLY P&I : 3,679.07 OUTSIDE CONV DATE : LIFETIME RATE : 8.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.12500 PRODUCT CODE : 002 LTV : 72.33500 ---------------------------------------------------------------- 0 0031360613 MORTGAGORS: LANDON BARRY LANDON JERI REGION CODE ADDRESS : 1724 ALDER WOOD PLACE 01 CITY : CITY OF THOUSAND OAKS STATE/ZIP : CA 91362 MORTGAGE AMOUNT : 245,200.00 OPTION TO CONVERT : UNPAID BALANCE : 245,013.42 ANNUAL RATE ADJUST: MONTHLY P&I : 1,693.54 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.09600 ---------------------------------------------------------------- 0 0031360761 MORTGAGORS: KAY ELIZABETH REGION CODE ADDRESS : 270 JESSE STREET 01 CITY : SEBASTOPOL STATE/ZIP : CA 95472 MORTGAGE AMOUNT : 181,000.00 OPTION TO CONVERT : UNPAID BALANCE : 180,878.56 ANNUAL RATE ADJUST: MONTHLY P&I : 1,328.11 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 70.98000 ---------------------------------------------------------------- 0 0031360886 MORTGAGORS: MAURER ELAINE REGION CODE ADDRESS : 160 NADINA WAY 01 CITY : GREENBRAE STATE/ZIP : CA 94904 MORTGAGE AMOUNT : 305,000.00 OPTION TO CONVERT : UNPAID BALANCE : 304,767.92 ANNUAL RATE ADJUST: MONTHLY P&I : 2,106.56 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 53.04300 ---------------------------------------------------------------- 0 0031360894 MORTGAGORS: BERTRAN BARBARA REGION CODE ADDRESS : 13610 ROSTRATA ROAD 01 CITY : POWAY STATE/ZIP : CA 92064 MORTGAGE AMOUNT : 259,000.00 OPTION TO CONVERT : UNPAID BALANCE : 258,821.76 ANNUAL RATE ADJUST: MONTHLY P&I : 1,877.93 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 70.95800 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,485,700.00 P & I AMT: 10,685.21 UPB AMT: 1,484,657.54 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 279 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031360985 MORTGAGORS: FULWIDER THOMAS HAYES AMY REGION CODE ADDRESS : 4249 KINGS CANYON ROAD 01 CITY : CARSON CITY STATE/ZIP : NV 89703 MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT : UNPAID BALANCE : 339,734.77 ANNUAL RATE ADJUST: MONTHLY P&I : 2,319.40 OUTSIDE CONV DATE : LIFETIME RATE : 7.25000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.25000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031361017 MORTGAGORS: DEPHILIPPIS ROBERT DEPHILIPPIS LILLIAN REGION CODE ADDRESS : 83 ANTIGUA COURT 01 CITY : CORONADO STATE/ZIP : CA 92118 MORTGAGE AMOUNT : 245,600.00 OPTION TO CONVERT : UNPAID BALANCE : 245,413.12 ANNUAL RATE ADJUST: MONTHLY P&I : 1,696.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031361033 MORTGAGORS: MILLIGAN GARY MILLIGAN ANNETTE REGION CODE ADDRESS : 6 BRINDLEWOOD COURT 01 CITY : ALGONQUIN STATE/ZIP : IL 60102 MORTGAGE AMOUNT : 286,000.00 OPTION TO CONVERT : UNPAID BALANCE : 285,782.37 ANNUAL RATE ADJUST: MONTHLY P&I : 1,975.34 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 88.81900 ---------------------------------------------------------------- 0 0031361041 MORTGAGORS: DESAI CHIRAG AMIN SHITAL REGION CODE ADDRESS : 24410 VIA LENARDO 01 CITY : YORBA LINDA STATE/ZIP : CA 92686 MORTGAGE AMOUNT : 260,000.00 OPTION TO CONVERT : UNPAID BALANCE : 259,802.16 ANNUAL RATE ADJUST: MONTHLY P&I : 1,795.76 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031361058 MORTGAGORS: LI KWOK LI KAI REGION CODE ADDRESS : 351 GARDENIA DRIVE 01 CITY : SAN JOSE STATE/ZIP : CA 95123 MORTGAGE AMOUNT : 358,300.00 OPTION TO CONVERT : UNPAID BALANCE : 358,027.36 ANNUAL RATE ADJUST: MONTHLY P&I : 2,474.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 79.99200 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,489,900.00 P & I AMT: 10,261.49 UPB AMT: 1,488,759.78 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 280 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031361074 MORTGAGORS: LEICHT RICHARD LEICHT GRETCHEN REGION CODE ADDRESS : 22803 NORTH PRAIRIE LAKE PLACE 01 CITY : KILDEER STATE/ZIP : IL 60047 MORTGAGE AMOUNT : 387,200.00 OPTION TO CONVERT : UNPAID BALANCE : 386,905.37 ANNUAL RATE ADJUST: MONTHLY P&I : 2,674.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 73.75200 ---------------------------------------------------------------- 0 0031361082 MORTGAGORS: PADGETT RICHARD PADGETT CLAIRE REGION CODE ADDRESS : 5083 SEACHASE STREET 01 CITY : SAN DIEGO STATE/ZIP : CA 92130 MORTGAGE AMOUNT : 300,000.00 OPTION TO CONVERT : UNPAID BALANCE : 299,771.72 ANNUAL RATE ADJUST: MONTHLY P&I : 2,072.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 59.44000 ---------------------------------------------------------------- 0 0031361116 MORTGAGORS: LATTA JOHN LATTA LORI REGION CODE ADDRESS : 783 S. OAKLAND AVE 01 CITY : PASADENA STATE/ZIP : CA 91106 MORTGAGE AMOUNT : 460,800.00 OPTION TO CONVERT : UNPAID BALANCE : 460,449.36 ANNUAL RATE ADJUST: MONTHLY P&I : 3,182.64 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031361199 MORTGAGORS: HANNUM DAVID HANNUM JOANNE REGION CODE ADDRESS : 5255 RIVERBEND DRIVE 01 CITY : LIBERTYVILLE STATE/ZIP : IL 60048 MORTGAGE AMOUNT : 335,000.00 OPTION TO CONVERT : UNPAID BALANCE : 334,745.09 ANNUAL RATE ADJUST: MONTHLY P&I : 2,313.77 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 52.34300 ---------------------------------------------------------------- 0 0031361298 MORTGAGORS: FREDERICK JUDE REGION CODE ADDRESS : 1776 CRYSTAL STREAM AVENUE 01 CITY : HENDERSON STATE/ZIP : NV 89012 MORTGAGE AMOUNT : 252,250.00 OPTION TO CONVERT : UNPAID BALANCE : 252,071.97 ANNUAL RATE ADJUST: MONTHLY P&I : 1,807.15 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 94.98900 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,735,250.00 P & I AMT: 12,049.89 UPB AMT: 1,733,943.51 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 281 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031361686 MORTGAGORS: KIMBALL BRETT KIMBALL KAREN REGION CODE ADDRESS : 299 MOTTSVILLE LANE 01 CITY : GARDNERVILLE STATE/ZIP : NV 89410 MORTGAGE AMOUNT : 312,000.00 OPTION TO CONVERT : UNPAID BALANCE : 311,774.18 ANNUAL RATE ADJUST: MONTHLY P&I : 2,208.32 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031361702 MORTGAGORS: ALBRECHT LOUISE ALBRECHT EDWARD REGION CODE ADDRESS : 709 STAR PINE DRIVE 01 CITY : LAS VEGAS STATE/ZIP : NV 89134 MORTGAGE AMOUNT : 262,750.00 OPTION TO CONVERT : UNPAID BALANCE : 262,555.00 ANNUAL RATE ADJUST: MONTHLY P&I : 1,837.19 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 89.99600 ---------------------------------------------------------------- 0 0031362346 MORTGAGORS: ZANINO WALTER ZANINO CARLA REGION CODE ADDRESS : 28684 ROAN ROAD 01 CITY : RANCHO PALOS VERDES STATE/ZIP : CA 90275 MORTGAGE AMOUNT : 408,000.00 OPTION TO CONVERT : UNPAID BALANCE : 407,689.55 ANNUAL RATE ADJUST: MONTHLY P&I : 2,817.95 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 70.95600 ---------------------------------------------------------------- 0 0031362882 MORTGAGORS: TSAY JAMES TSAY SUPING REGION CODE ADDRESS : 3758 NEWTON WAY 01 CITY : PLEASANTON STATE/ZIP : CA 94588 MORTGAGE AMOUNT : 396,700.00 OPTION TO CONVERT : UNPAID BALANCE : 396,398.14 ANNUAL RATE ADJUST: MONTHLY P&I : 2,739.91 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 54.34240 ---------------------------------------------------------------- 0 0031363112 MORTGAGORS: LELAND JEFFREY LELAND LISA REGION CODE ADDRESS : 60 PINE DEL DRIVE 01 CITY : FLAGSTAFF STATE/ZIP : AZ 86001 MORTGAGE AMOUNT : 70,000.00 OPTION TO CONVERT : UNPAID BALANCE : 69,950.59 ANNUAL RATE ADJUST: MONTHLY P&I : 501.49 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 53.03000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,449,450.00 P & I AMT: 10,104.86 UPB AMT: 1,448,367.46 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 282 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031363674 MORTGAGORS: LEE TZONG LEE LAN REGION CODE ADDRESS : 4021 CLEMENT STREET 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94121 MORTGAGE AMOUNT : 280,000.00 OPTION TO CONVERT : UNPAID BALANCE : 279,786.93 ANNUAL RATE ADJUST: MONTHLY P&I : 1,933.90 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031366677 MORTGAGORS: MCNALLY III JOHN MCNALLY TRACY REGION CODE ADDRESS : 1001 RED TAIL ROAD 01 CITY : AUDUBON STATE/ZIP : PA 19403 MORTGAGE AMOUNT : 309,600.00 OPTION TO CONVERT : UNPAID BALANCE : 309,090.96 ANNUAL RATE ADJUST: MONTHLY P&I : 2,059.78 OUTSIDE CONV DATE : LIFETIME RATE : 7.00000 MATURITY DATE : 01/01/28 CURRENT INT RATE: 7.00000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031366743 MORTGAGORS: KOSIRAS CHRIS KOSIRAS ALIKI REGION CODE ADDRESS : 2038 SILVERWOOD DRIVE 01 CITY : NEWTOWN STATE/ZIP : PA 18940 MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT : UNPAID BALANCE : 339,427.08 ANNUAL RATE ADJUST: MONTHLY P&I : 2,233.56 OUTSIDE CONV DATE : LIFETIME RATE : 6.87500 MATURITY DATE : 01/01/28 CURRENT INT RATE: 6.87500 PRODUCT CODE : 002 LTV : 73.88100 ---------------------------------------------------------------- 0 0031366941 MORTGAGORS: BAKER KENNETH BAKER TERRY REGION CODE ADDRESS : 5325 STONEHURST DRIVE 01 CITY : MARTINEZ STATE/ZIP : CA 94553 MORTGAGE AMOUNT : 463,400.00 OPTION TO CONVERT : UNPAID BALANCE : 463,400.00 ANNUAL RATE ADJUST: MONTHLY P&I : 3,200.59 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 68.65100 ---------------------------------------------------------------- 0 0031367881 MORTGAGORS: GAMMON KEVIN GAMMON JENNIFER REGION CODE ADDRESS : 181 MORNINGSIDE DRIVE 01 CITY : SAN ANSELMO STATE/ZIP : CA 94960 MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT : UNPAID BALANCE : 360,000.00 ANNUAL RATE ADJUST: MONTHLY P&I : 2,486.43 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 03/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 66.66600 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,753,000.00 P & I AMT: 11,914.26 UPB AMT: 1,751,704.97 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 283 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031367964 MORTGAGORS: RUBINSTEIN DAVID SCHEIN MARGO REGION CODE ADDRESS : 40 YOLANDA DRIVE 01 CITY : SAN ANSELMO STATE/ZIP : CA 94960 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,695.63 ANNUAL RATE ADJUST: MONTHLY P&I : 2,762.70 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 53.69100 ---------------------------------------------------------------- 0 0031370695 MORTGAGORS: DEERING MARK DEERING BARBARA REGION CODE ADDRESS : 506 MYSTIC WAY 01 CITY : LAGUNA BEACH STATE/ZIP : CA 92651 MORTGAGE AMOUNT : 400,000.00 OPTION TO CONVERT : UNPAID BALANCE : 399,695.62 ANNUAL RATE ADJUST: MONTHLY P&I : 2,762.71 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 66.66666 ---------------------------------------------------------------- 0 0031370927 MORTGAGORS: BURGER RUDOLPH BURGER WENDY REGION CODE ADDRESS : 303 HIGHLAND TERRACE 01 CITY : WOODSIDE STATE/ZIP : CA 94062 MORTGAGE AMOUNT : 525,000.00 OPTION TO CONVERT : UNPAID BALANCE : 524,620.02 ANNUAL RATE ADJUST: MONTHLY P&I : 3,715.92 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 250 LTV : 79.90800 ---------------------------------------------------------------- 0 0031370943 MORTGAGORS: NUTTING E. NUTTING MARCELLA REGION CODE ADDRESS : 14 PENSACOLA COURT 01 CITY : NOVATO STATE/ZIP : CA 94949 MORTGAGE AMOUNT : 412,500.00 OPTION TO CONVERT : UNPAID BALANCE : 412,186.13 ANNUAL RATE ADJUST: MONTHLY P&I : 2,849.03 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 75.00000 ---------------------------------------------------------------- 0 0031371123 MORTGAGORS: MORA ELEAZAR REGION CODE ADDRESS : 1123 CAROLINA STREET 01 CITY : SAN FRANCISCO STATE/ZIP : CA 94107 MORTGAGE AMOUNT : 324,000.00 OPTION TO CONVERT : UNPAID BALANCE : 323,777.02 ANNUAL RATE ADJUST: MONTHLY P&I : 2,349.23 OUTSIDE CONV DATE : LIFETIME RATE : 7.87500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.87500 PRODUCT CODE : 002 LTV : 78.64000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 2,061,500.00 P & I AMT: 14,439.59 UPB AMT: 2,059,974.42 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 03/01/98 P.O. BOX 5260 TMS AG0004980530 00 01 04 PAGE: 284 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031375686 MORTGAGORS: SCHOFIELD SHANNON SCHOFIELD EVE REGION CODE ADDRESS : 3078 PEACHTREE DRIVE 01 CITY : ATLANTA STATE/ZIP : GA 30305 MORTGAGE AMOUNT : 340,000.00 OPTION TO CONVERT : UNPAID BALANCE : 339,728.11 ANNUAL RATE ADJUST: MONTHLY P&I : 2,290.65 OUTSIDE CONV DATE : LIFETIME RATE : 7.12500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.12500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031375728 MORTGAGORS: SOHN NATALIE SOHN CLIFF REGION CODE ADDRESS : 838 FOREST GLEN LANE 01 CITY : WELLINGTON STATE/ZIP : FL 33414 MORTGAGE AMOUNT : 291,000.00 OPTION TO CONVERT : UNPAID BALANCE : 290,789.38 ANNUAL RATE ADJUST: MONTHLY P&I : 2,059.68 OUTSIDE CONV DATE : LIFETIME RATE : 7.62500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.62500 PRODUCT CODE : 002 LTV : 87.65000 ---------------------------------------------------------------- 0 0031376635 MORTGAGORS: BLOOMQUIST CHARLES BLOOMQUIST SUSAN REGION CODE ADDRESS : 14521 W. EXPOSITION DRIVE 01 CITY : LAKEWOOD STATE/ZIP : CO 80228 MORTGAGE AMOUNT : 360,000.00 OPTION TO CONVERT : UNPAID BALANCE : 359,726.06 ANNUAL RATE ADJUST: MONTHLY P&I : 2,486.44 OUTSIDE CONV DATE : LIFETIME RATE : 7.37500 MATURITY DATE : 02/01/28 CURRENT INT RATE: 7.37500 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- - - **** PAGE TOTALS ***** NUM OF LOANS: 3 LOAN AMT: 991,000.00 P & I AMT: 6,836.77 UPB AMT: 990,243.55 0 TOTAL NUM OF LOANS: 1418 LOAN AMT: 444,639,678.79 P & I AMT: 3,122,810.41 UPB AMT: 443,906,994.95 EXHIBIT D FORM OF SERVICER'S CERTIFICATE _______________, _______ (month) (year) GE CAPITAL MORTGAGE SERVICES, INC. REMIC Multi-Class Pass-Through Certificates, Series 1998-5 Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"), and State Street Bank and Trust Company (the "Trustee"), governing the Certificates referred to above, the Company hereby certifies to the Trustee: With respect to the Agreement and as of the Determination Date for this month: A. Mortgage Loan Information: (1) Aggregate Scheduled Monthly Payments: (a) Principal $________ (b) Interest $________ (c) Total $________ (2) Aggregate Monthly Payments received and Monthly Advances made this Month: (a) Principal $________ (b) Interest $________ (c) Total $________ (3) Aggregate Principal Prepayments in part received and applied in the applicable Prepayment Period: (a) Principal $________ (b) Interest $________ (c) Total $________ (4) Aggregate Principal Prepayments in full received in the applicable Prepayment Period: (a) Principal $________ (b) Interest $________ (c) Total $________ (5) Aggregate Insurance Proceeds (including purchases of Mortgage Loans by primary mortgage insurers) for prior month: (a) Principal $________ (b) Interest $________ (c) Total $________ (6) Aggregate Liquidation Proceeds for prior month: (a) Principal $________ (b) Interest $________ (c) Total $________ (7) Aggregate Purchase Prices for Defaulted and Modified Mortgage Loans: (a) Principal $________ (b) Interest $________ (c) Total $________ (8) Aggregate Purchase Prices (and substitution adjustments) for Defective Mortgage Loans: (a) Principal $________ (b) Interest $________ (c) Total $________ (9) Pool Scheduled Principal Balance: $________ (10) Available Funds: $________ (11) Realized Losses for prior month: $________ (12) Aggregate Realized Losses and Debt Service Reductions: (a) Deficient Valuations $________ (b) Special Hazard Losses $________ (c) Fraud Losses $________ (d) Excess Bankruptcy Losses $________ (e) Excess Special Hazard Losses $________ (f) Excess Fraud Losses $________ (g) Debt Service Reductions $________ (13) Compensating Interest Payment: $________ (14) Accrued Certificate Interest, Unpaid Class Interest Shortfalls and Pay-out Rate: Class A1 $__________ $__________ ____% Class A2 $__________ $__________ ____% Class A3 $__________ $__________ ____% Class A4 $__________ $__________ ____% Class M $__________ $__________ ____% Class B1 $__________ $__________ ____% Class B2 $__________ $__________ ____% Class B3 $__________ $__________ ____% Class B4 $__________ $__________ ____% Class B5 $__________ $__________ ____% Class R $__________ $__________ ____% (15) Principal distributable: Class A1 $__________ Class A2 $__________ Class A3 $__________ Class A4 $__________ Class PO $__________ Class M $__________ Class B1 $__________ Class B2 $__________ Class B3 $__________ Class B4 $__________ Class B5 $__________ Class R $__________ (16) Additional distributions to the Class R Certificate pursuant to Section 4.01(b): $_____________ (17) Distributions Allocable to Unanticipated Recoveries: Class A1 $__________ Class A2 $__________ Class A3 $__________ Class A4 $__________ Class PO $__________ Class M $__________ Class B1 $__________ Class B2 $__________ Class B3 $__________ Class B4 $__________ Class B5 $__________ Class R $__________ B. Other Amounts: 1. Senior Percentage for such Distribution Date: _____________% 2. Senior Prepayment Percentage for such Distribution Date: _____________% 3. Junior Percentage for such Distribution Date: _____________% 4. Junior Prepayment Percentage for such Distribution Date: _____________% 5. Class A3 Percentage: _____________% 6. Class A3 Prepayment Distribution Percentage: _____________% 7. Class A3 Scheduled Distribution Percentage: _____________% 8. Subordinate Certificate Writedown Amount for such Distribution Date: $_____________ 9. Prepayment Distribution Triggers satisfied: Yes No Class B1 _____ _____ Class B2 _____ _____ Class B3 _____ _____ Class B4 _____ _____ Class B5 _____ _____ 10. Base Servicing Fee: $___________ 11. Supplemental Servicing Fee: $____________ Capitalized terms used in this Certificate shall have the same meanings as in the Agreement. EXHIBIT E FORM OF TRANSFER CERTIFICATE AS TO ERISA MATTERS FOR DEFINITIVE ERISA-RESTRICTED CERTIFICATES State Street Bank and Trust Company Corporate Trust Department 225 Franklin Street Boston, Massachusetts 02110 [NAME OF OFFICER] ______________________ hereby certifies that: 1. That he [she] is [title of officer] _________________ of [name of Investor] _______________________________________ (the "Investor"), a ________________________ [description of type of entity] duly organized and existing under the laws of the [State of ____________] [United States], on behalf of which he [she] makes this affidavit. 2. The Investor (i) is not, and on ________________ [insert date of transfer of Certificate to Investor] will not be, and on such date will not be investing the funds of, an employee benefit plan subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA") or a plan subject to Section 4975 of the Code or (ii) is an insurance company investing assets of its general account and the exemptions provided by Section III(a) of Department of Labor Prohibited Transaction Class Exemption 95-60, 60 Fed. Reg. 35925 (July 12, 1995) (the "Exemptions") apply to the Investor's acquisition and holding or any ERISA-Restricted Certificate. 3. The Investor hereby acknowledges that under the terms of the Pooling and Servicing Agreement (the "Agreement") between State Street Bank and Trust Company, as Trustee and GE Capital Mortgage Services, Inc., dated as of March 1, 1998, no transfer of any ERISA-Restricted Certificate shall be permitted to be made to any person unless the Trustee has received (i) a certificate from such transferee to the effect that (x) such transferee is not an employee benefit plan subject to ERISA or a plan subject to Section 4975 of the Code (a "Plan") and is not using the assets of any such employee benefit or other plan to acquire any such Certificate or (y) such transferee is an insurance company investing assets of its general account and the Exemptions apply to such transferee's acquisition and holding of any such Certificate or (ii) an opinion of counsel satisfactory to the Trustee to the effect that the purchase and holding of any such Certificate will not constitute or result in the assets of the Trust Fund created by the Agreement being deemed to be "plan assets" and subject to the prohibited transaction provisions of ERISA or Section 4975 of the Code and will not subject the Trustee or the Company to any obligation in addition to those undertaken in the Agreement (provided, however, that the Trustee will not require such certificate or opinion in the event that, as a result of change of law or otherwise, counsel satisfactory to the Trustee has rendered an opinion to the effect that the purchase and holding of any such Certificate by a Plan or a Person that is purchasing or holding any such Certificate with the assets of a Plan will not constitute or result in a prohibited transaction under ERISA or Section 4975 of the Code). [4. The ERISA-Restricted Certificates shall be registered in the name of ______________________________________________ as nominee for the Investor.] IN WITNESS WHEREOF, the Investor has caused this instrument to be executed on its behalf, pursuant to authority of its Board of Directors, by its [title of officer] __________________ and its corporate seal to be hereunder attached, attested by its [Assistant] Secretary, this ____ day of _________, 199_. _________________________ [name of Investor] By:______________________ Name: Title: The undersigned hereby acknowledges that it is holding and will hold the ERISA-Restricted Certificates at the exclusive direction of and as nominee of the Investor named above. _______________________________ [name of nominee] By:____________________________ Name: Title: EXHIBIT F FORM OF RESIDUAL CERTIFICATE TRANSFEREE AFFIDAVIT STATE OF ) ) ss.: COUNTY OF ) [NAME OF OFFICER], _________________ being first duly sworn, deposes and says: 1. That he [she] is [title of officer] ___________ _____________ of [name of Purchaser] ________________________ _________________ (the "Purchaser"), a _______________________ [description of type of entity] duly organized and existing under the laws of the [State of __________] [United States], on behalf of which he [she] makes this affidavit. 2. That the Purchaser's Taxpayer Identification Number is [ ]. 3. That the Purchaser is not a "disqualified organization" within the meaning of Section 860E(e)(5) of the Internal Revenue Code of 1986, as amended (the "Code") and will not be a "disqualified organization" as of [date of transfer], and that the Purchaser is not acquiring a Residual Certificate (as defined below) for the account of, or as agent (including a broker, nominee, or other middleman) for, any person or entity from which it has not received an affidavit substantially in the form of this affidavit. For these purposes, a "disqualified organization" means the United States, any state or political subdivision thereof, any foreign government, any international organization, any agency or instrumentality of any of the foregoing (other than an instrumentality if all of its activities are subject to tax and a majority of its board of directors is not selected by such governmental entity), any cooperative organization furnishing electric energy or providing telephone service to persons in rural areas as described in Code Section 1381(a)(2)(C), or any organization (other than a farmers' cooperative described in Code Section 521) that is exempt from federal income tax unless such organization is subject to the tax on unrelated business income imposed by Code Section 511. As used herein, "Residual Certificate" means any Certificate designated as a "Class R Certificate" of GE Capital Mortgage Services, Inc.'s REMIC Multi-Class Pass-Through Certificates, Series 1998-5. 4. That the Purchaser is not, and on __________ [insert date of transfer of Residual Certificate to Purchaser] will not be, and is not and on such date will not be investing the assets of, an employee benefit plan subject to the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or a plan subject to Code Section 4975 or a person or entity that is using the assets of any employee benefit plan or other plan to acquire a Residual Certificate. 5. That the Purchaser hereby acknowledges that under the terms of the Pooling and Servicing Agreement (the "Agreement") between State Street Bank and Trust Company, as Trustee, and GE Capital Mortgage Services, Inc., dated as of March 1, 1998, no transfer of the Residual Certificates shall be permitted to be made to any person unless the Trustee has received a certificate from such transferee to the effect that such transferee is not an employee benefit plan subject to ERISA or a plan subject to Section 4975 of the Code and is not using the assets of any employee benefit plan or other plan to acquire Residual Certificates. 6. That the Purchaser does not hold REMIC residual securities as nominee to facilitate the clearance and settlement of such securities through electronic book-entry changes in accounts of participating organizations (such entity, a "Book-Entry Nominee"). 7. That the Purchaser does not have the intention to impede the assessment or collection of any federal, state or local taxes legally required to be paid with respect to such Residual Certificate. 8. That the Purchaser will not transfer a Residual Certificate to any person or entity (i) as to which the Purchaser has actual knowledge that the requirements set forth in paragraph 3, paragraph 6 or paragraph 10 hereof are not satisfied or that the Purchaser has reason to believe does not satisfy the requirements set forth in paragraph 7 hereof, and (ii) without obtaining from the prospective Purchaser an affidavit substantially in this form and providing to the Trustee a written statement substantially in the form of Exhibit G to the Agreement. 9. That the Purchaser understands that, as the holder of a Residual Certificate, the Purchaser may incur tax liabilities in excess of any cash flows generated by the interest and that it intends to pay taxes associated with holding such Residual Certificate as they become due. 10. That the Purchaser (i) is not a Non-U.S. Person or (ii) is a Non-U.S. Person that holds a Residual Certificate in connection with the conduct of a trade or business within the United States and has furnished the transferor and the Trustee with an effective Internal Revenue Service Form 4224 or successor form at the time and in the manner required by the Code or (iii) is a Non-U.S. Person that has delivered to both the transferor and the Trustee an opinion of a nationally recognized tax counsel to the effect that the transfer of such Residual Certificate to it is in accordance with the requirements of the Code and the regulations promulgated thereunder and that such transfer of a Residual Certificate will not be disregarded for federal income tax purposes. "Non-U.S. Person" means an individual, corporation, partnership or other person other than a citizen or resident of the United States, a corporation, partnership or other entity created or organized in or under the laws of the United States or any political subdivision thereof, or an estate or trust that is subject to U.S. federal income tax regardless of the source of its income. 11. That the Purchaser agrees to such amendments of the Pooling and Servicing Agreement as may be required to further effectuate the restrictions on transfer of any Residual Certificate to such a "disqualified organization," an agent thereof, a Book-Entry Nominee, or a person that does not satisfy the requirements of paragraph 7 and paragraph 10 hereof. 12. That the Purchaser consents to the designation of the Company as its agent to act as "tax matters person" of the Trust Fund, as applicable, pursuant to the Pooling and Servicing Agreement. IN WITNESS WHEREOF, the Purchaser has caused this instrument to be executed on its behalf, pursuant to authority of its Board of Directors, by its [title of officer] this _____ day of __________, 19__. _____________________________ [name of Purchaser] By:__________________________ Name: Title: 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 Purchaser, and acknowledged to me that he [she] executed the same as his [her] free act and deed and the free act and deed of the Purchaser. Subscribed and sworn before me this _____ day of __________, 19__. NOTARY PUBLIC ______________________________ COUNTY OF_____________________ STATE OF______________________ My commission expires the _____ day of __________, 19__. EXHIBIT G [LETTER FROM TRANSFEROR OF RESIDUAL CERTIFICATE] ____________________ Date State Street Bank and Trust Company Corporate Trust Department 225 Franklin Street 8th Floor Boston, Massachusetts 02110 Re: GE Capital Mortgage Services, Inc. REMIC Multi-Class Pass-Through Certificates, Series 1998-5 Ladies and Gentlemen: _______________________ (the "Transferor") has reviewed the attached affidavit of _____________________________ (the "Transferee"), and has no actual knowledge that such affidavit is not true and has no reason to believe that the information contained in paragraph 7 thereof is not true, and has no reason to believe that the Transferee has the intention to impede the assessment or collection of any federal, state or local taxes legally required to be paid with respect to a Residual Certificate. In addition, the Transferor has conducted a reasonable investigation at the time of the transfer and found that the Transferee had historically paid its debts as they came due and found no significant evidence to indicate that the Transferee will not continue to pay its debts as they become due. Very truly yours, __________________________ Name: Title: EXHIBIT H ADDITIONAL SERVICER COMPENSATION QUALIFIED ADMINISTRATIVE EXPENSES (Conventional, Non-Conforming Loans) Assumption Fees $550 - $800 Late Charges Per Loan Documents Appraisal/Inspection Fees Reasonable and Customary Charges Partial Release Fees $300 Easements $150 Insufficient Funds Charges $15 Document Requests (copies of loan file documents, additional pay-off quotations, amortization schedules, payment histories) $0 Modification Fees Reasonable and Customary Charges EXHIBIT I FORM OF INVESTMENT LETTER FOR DEFINITIVE RESTRICTED CERTIFICATES _________________ Date State Street Bank and Trust Company Corporate Trust Department 225 Franklin Street 8th Floor Boston, Massachusetts 02110 Re: GE Capital Mortgage Services, Inc. REMIC Multi-Class Pass Through Certificates, Series 1998-5 Ladies and Gentlemen: 1. The undersigned, a [title of officer] _______________ of [name of Investor] _________________________________________ (the "Investor"), a ____________________________ [description of type of entity] duly organized and existing under the laws of the [State of __________________] [United States], hereby certifies as follows: 2. The Investor hereby acknowledges that under the terms of the Pooling and Servicing Agreement between State Street Bank and Trust Company, as Trustee, and GE Capital Mortgage Services, Inc. (the "Company"), dated as of March 1, 1998 (the "Agreement"), no transfer of a Restricted Certificate may be made unless such transfer is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), and any applicable state securities laws, or is made in accordance with the Securities Act and such laws. 3. The Investor understands that (a) the Restricted Certificates have not been and will not be registered or qualified under the Securities Act, or the securities laws of any state, (b) neither the Company nor the Trustee is required, and neither intends, to so register or qualify the Restricted Certificates, (c) the Restricted Certificates cannot be resold unless (i) they are registered and qualified under the Securities Act and the applicable state securities laws or (ii) such sale is exempt from the requirements of the Securities Act, (d) the Agreement contains restrictions regarding the transfer of the Restricted Certificates and (e) the Restricted Certificates will bear a legend to the foregoing effect. 4. The Investor is acquiring the Restricted Certificates for its own account for investment only and not with a view to or for sale or other transfer in connection with any distribution of the Restricted Certificates in any manner that would violate the Securities Act or any applicable state securities laws. 5. The investor (a) is 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 Restricted Certificates, such that it is capable of evaluating the merits and risks of investment in the Restricted Certificates, (b) is able to bear the economic risks of such an investment and (c) is an "accredited investor" within the meaning of Rule 501(a)(1), (2), (3) or (7) promulgated pursuant to the Securities Act. 6. The Investor will not authorize nor has it authorized any person to (a) offer, pledge, sell, dispose of or otherwise transfer any Restricted Certificate, any interest in any Restricted Certificate or any other similar security to any person in any manner, (b) solicit any offer to buy or to accept a pledge, disposition or other transfer of any Restricted Certificate, any interest in any Restricted Certificate or any other similar security from any person in any manner, (c) otherwise approach or negotiate with respect to any Restricted Certificate, any interest in any Restricted 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 would constitute a distribution of any Restricted Certificate under the Securities Act, that would render the disposition of any Restricted Certificate a violation of Section 5 of the Securities Act or any state securities law, or that could require registration or qualification pursuant thereto. Neither the Investor nor anyone acting on its behalf has offered the Restricted Certificates for sale or made any general solicitation by means of general advertising or in any other manner with respect to the Restricted Certificates. The Investor will not sell or otherwise transfer any of the Restricted Certificates, except in compliance with the provisions of the Agreement. 7. If an Investor in a Restricted Certificate sells or otherwise transfers any such Certificate to a transferee other than a "qualified institutional buyer" under Rule 144A of the Securities Act, such Investor will obtain (a) from any subsequent purchaser the same certifications, representations, warranties and covenants contained in the foregoing paragraphs and in this paragraph or (b) an opinion of counsel in form and substance satisfactory to the Trustee pursuant to the Agreement. 8. The Investor hereby indemnifies the Trustee and the Company against any liability that may result if the Investor's transfer of a Restricted Certificate (or any portion thereof) is not exempt from the registration requirements of the Securities Act and any applicable state securities laws or is not made in accordance with such federal and state laws. Such indemnification of the Trustee and the Company shall survive the termination of the Agreement. [9. The Restricted Certificates shall be registered in the name of _____________________________ as nominee for the Investor.] IN WITNESS WHEREOF, the Investor has caused this instrument to be executed on its behalf, pursuant to authority of its Board of Directors, by its [title of officer] _____________ this _____ day of __________, 19__. ________________________________ [name of Investor] By:_____________________________ Name: Title: The undersigned hereby acknowledges that it is holding and will hold the Restricted Certificates at the exclusive direction of and as nominee of the Investor named above. _____________________________ [name of nominee] By:__________________________ Name: Title: EXHIBIT J FORM OF DISTRIBUTION DATE STATEMENT ________________, ______ (month) (year) GE CAPITAL MORTGAGE SERVICES, INC. REMIC Multi-Class Pass-Through Certificates, Series 1998-5 Pursuant to the Pooling and Servicing Agreement dated as of March 1, 1998 (the "Agreement") between GE Capital Mortgage Services, Inc. (the "Company"), and State Street Bank and Trust Company (the "Trustee"), governing the Certificates referred to above, the Company hereby certifies to the Trustee: With respect to the Agreement and as of the Determination Date for this month: The amounts below are for a Single Certificate of $1,000: (1) Amount of distribution allocable to principal: Class A1 $__________ Class A2 $__________ Class A3 $__________ Class A4 $__________ Class PO $__________ Class M $__________ Class B1 $__________ Class B2 $__________ Class B3 $__________ Class B4 $__________ Class B5 $__________ Class R $__________ (2) Aggregate principal prepayments included in distribution: Class A1 $__________ Class A2 $__________ Class A3 $__________ Class A4 $__________ Class PO $__________ Class M $__________ Class B1 $__________ Class B2 $__________ Class B3 $__________ Class B4 $__________ Class B5 $__________ Class R $__________ (3) Amount of distribution allocable to interest; Pay-out Rate: Class A1 $__________ ____% Class A2 $__________ ____% Class A3 $__________ ____% Class A4 $__________ ____% Class M $__________ ____% Class B1 $__________ ____% Class B2 $__________ ____% Class B3 $__________ ____% Class B4 $__________ ____% Class B5 $__________ ____% Class R $__________ ____% (4) Amount of distribution allocable to Unanticipated Recoveries: Class A1 $__________ ____% Class A2 $__________ ____% Class A3 $__________ ____% Class A4 $__________ ____% Class PO $__________ ____% Class M $__________ ____% Class B1 $__________ ____% Class B2 $__________ ____% Class B3 $__________ ____% Class B4 $__________ ____% Class B5 $__________ ____% Class R $__________ ____% (5) Servicing Compensation: $__________ The amounts below are for the aggregate of all Certificates: (6) Pool Scheduled Principal Balance; number of Mortgage Loans: $__________ __________ 2 (7) Class Certificate Principal Balance (or Notional Principal Balance) of each Class; Certificate Principal Balance (or Notional Principal Balance) of Single Certificate of each Class: Single Certificate Class Balance Balance Class A1 $__________ $__________ Class A2 $__________ $__________ Class A3 $__________ $__________ Class A4 $__________ $__________ Class PO $__________ $__________ Class M $__________ $__________ Class B1 $__________ $__________ Class B2 $__________ $__________ Class B3 $__________ $__________ Class B4 $__________ $__________ Class B5 $__________ $__________ Class R $__________ $__________ (8) Book value of real estate acquired on behalf of Certificate- holders; number of related Mortgage Loans: $__________ __________ (9) Aggregate Scheduled Principal Balance and number of delinquent Mortgage Loans: 30-59 days delinquent $__________ __________ 60-89 days delinquent $__________ __________ 90 or more days delinquent $__________ __________ In foreclosure $__________ __________ (10) Aggregate Scheduled Principal Balance and number of replaced Mortgage Loans: $__________ __________ (11) Aggregate Scheduled Principal Balance and number of modified Mortgage Loans: $__________ __________ 3 (12) Senior Percentage for such Distribution Date: __________% (13) Senior Prepayment Percentage for such Distribution Date: __________% (14) Class A3 Percentage for such Distribution Date: __________% (15) Class A3 Prepayment Distribution Percentage for such Distribution Date: __________% (16) Class A3 Scheduled Distribution Percentage for such Distribution Date: __________% (17) Junior Percentage for such Distribution Date: __________% (18) Junior Prepayment Percentage for such Distribution Date: __________% Capitalized terms used in this Statement shall have the same meanings as in the Agreement. 4 EXHIBIT K FORM OF SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT This SPECIAL SERVICING AND COLLATERAL FUND AGREEMENT (the "Agreement") is made and entered into as of ____________________, 199_, between GE Capital Mortgage Services, Inc. (the "Company") and _____________________________ (the "Purchaser"). PRELIMINARY STATEMENT ___________________________ or an affiliate thereof is the holder of the entire interest in REMIC Multi-Class Pass-Through Certificates, Series 199_-__, Class B_ (the "Class B_ Certificates"). The Class B_ Certificates were issued pursuant to a Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") dated as of ________ 1, 199_ between the Company (in its capacity as servicer thereunder, the "Servicer") and State Street Bank and Trust Company as Trustee. ____________________________ or an affiliate thereof intends to resell all of the Class B_ Certificates directly to the Purchaser on or promptly after the date hereof. In connection with such sale, the parties hereto have agreed that the Company, as Servicer, will engage in certain special servicing procedures relating to foreclosures for the benefit of the Purchaser, and that the Purchaser will deposit funds in a collateral fund to cover any losses attributable to such procedures as well as all advances and costs in connection therewith, as set forth herein. [The parties hereto have further agreed that the Purchaser will have no rights, and the Company will have no obligations under this Agreement until the Class Certificate Principal Balance of the REMIC Multi-Class Pass-Through Certificates, Series 199_-__, Class B5 (the "Class B5 Certificates") has been reduced to zero, and any Special Servicing and Collateral Fund Agreement in respect of such Class between the Company and the Purchaser has been terminated.] In consideration of the mutual agreements herein contained, the receipt and sufficiency of which are hereby acknowledged, the Company and the Purchaser agree that the following provisions shall become effective and shall be binding on and enforceable by the Company and the Purchaser upon the acquisition by the Purchaser of the Class B_ Certificates. ARTICLE I DEFINITIONS Section 1.01. Defined Terms. Whenever used in this Agreement, the following words and phrases, unless the context otherwise requires, shall have the following meanings: Business Day: Any day other than (i) a Saturday or a Sunday of (ii) a day on which banking institutions in New York City or Boston, Massachusetts are required or authorized by law or executive order to be closed. Collateral Fund: The fund established and maintained pursuant to Section 3.01 hereof. Collateral Fund Permitted Investments: Either (i) obligations of, or obligations fully guaranteed as to principal and interest by, the United States, or any agency or instrumentality thereof, provided such obligations are backed by the full faith and credit of the United States, (ii) repurchase agreements on obligations specified in clause (i) provided that the unsecured obligations of the party agreeing to repurchase such obligations are at the time rated by each Rating Agency in the highest long-term rating category, (iii) federal funds, certificates of deposit, time deposits and banker's acceptances of any U.S. depository institution or trust company incorporated under the laws of the United States or any state provided that the debt obligations of such depository institution or trust company at the date of acquisition thereof have been rated by each Rating Agency in the highest long-term rating category, (iv) commercial paper of any corporation incorporated under the laws of the United States or any state thereof which on the date of acquisition has the highest short term rating of each Rating Agency, and (v) other obligations or securities that are acceptable to each Rating Agency as a Collateral Fund Permitted Investment hereunder and will not, as evidenced in writing, result in a reduction or withdrawal in the then current rating of the Certificates and, for each of the preceding clauses, the maturity thereof shall be not later than the earlier to occur of (A) 30 days from the date of the related investment and (B) the Business Day preceding the next succeeding Distribution Date. Commencement of Foreclosure: The first official action required under local law in order to commence foreclosure proceedings or to schedule a trustee's sale under a deed of trust, including (i) in the case of a mortgage, any filing or service of process necessary to commence an action to foreclose, or (ii) in the case of a deed of trust, the posting, publishing, filing or delivery of a notice of sale, but not including in 2 either case (x) any notice of default, notice of intent to foreclose or sell or any other action prerequisite to the actions specified in (i) or (ii) above and, upon the consent of the Purchaser which will be deemed given unless expressly withheld within two Business Days of notification, (y) the acceptance of a deed-in-lieu of foreclosure (whether in connection with a sale of the related property or otherwise) or (z) initiation and completion of a short pay-off. Current Appraisal: With respect to any Mortgage Loan as to which the Purchaser has made an Election to Delay Foreclosure, an appraisal of the related Mortgaged Property obtained by the Purchaser as nearly contemporaneously as practicable to the time of the Purchaser's election, prepared based on the Company's customary requirements for such appraisals. Election to Delay Foreclosure: Any election by the Purchaser to delay the Commencement of Foreclosure, made in accordance with Section 2.02(b). Election to Foreclose: Any election by the Purchaser to proceed with the Commencement of Foreclosure, made in accordance with Section 2.03(a). Required Collateral Fund Balance: As of any date of determination, an amount equal to the aggregate of all amounts previously required to be deposited in the Collateral Fund pursuant to Section 2.02(d) (after adjustments for all withdrawals and deposits prior to such date pursuant to Section 2.02(e)) and Section 2.03(b) (after adjustment for all withdrawals and deposits prior to such date pursuant to Section 2.03(c)) and Section 3.02, reduced by all withdrawals therefrom prior to such date pursuant to Section 2.02(g) and Section 2.03(d). Section 1.02. Definitions Incorporated by Reference. All capitalized terms not otherwise defined in this Agreement shall have the meanings assigned in the Pooling and Servicing Agreement. 3 ARTICLE II SPECIAL SERVICING PROCEDURES Section 2.01. Reports and Notices. (a) In connection with the performance of its duties under the Pooling and Servicing Agreement relating to the realization upon defaulted Mortgage Loans, the Company as Servicer shall provide to the Purchaser the following notices and reports: (i) Within five Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the Pooling and Servicing Agreement), the Company, as Servicer, shall provide to the Purchaser a report, using the same methodology and calculations in its standard servicing reports, indicating for the Trust Fund the number of Mortgage Loans that are (A) thirty days, (B) sixty days, (C) ninety days or more delinquent or (D) in foreclosure, and indicating for each such Mortgage Loan the loan number and outstanding principal balance. (ii) Prior to the Commencement of Foreclosure in connection with any Mortgage Loan, the Company shall provide the Purchaser with a notice (sent by facsimile transmission) of such proposed and imminent foreclosure, stating the loan number and the aggregate amount owing under the Mortgage Loan. Such notice may be provided to the Purchaser in the form of a copy of a referral letter from the Company to an attorney requesting the institution of foreclosure or a copy of a request to foreclose received by the Company from the related primary servicer which has been approved by the Company. (b) If requested by the Purchaser, the Company shall make its servicing personnel available (during their normal business hours) to respond to reasonable inquiries, in writing by facsimile transmission, by the Purchaser in connection with any Mortgage Loan identified in a report under subsection (a)(i) or (a)(ii) which has been given to the Purchaser, provided, that (1) the Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential and (2) the Company shall respond within five Business Days orally or in writing by facsimile transmission. (c) In addition to the foregoing, the Company shall provide to the Purchaser such information as the Purchaser may reasonably request concerning each Mortgage Loan that is at least sixty days delinquent and each Mortgage Loan which has become real estate 4 owned, through the final liquidation thereof, provided, that the Company shall only be required to provide information that is readily accessible to its servicing personnel and is non-confidential. Section 2.02. Purchaser's Election to Delay Foreclosure Proceedings. (a) The Purchaser shall be deemed to direct the Company that in the event that the Company does not receive written notice of the Purchaser's election pursuant to subsection (b) below within 24 hours (exclusive of any intervening non-Business Days) of transmission of the notice provided by the Company under Section 2.01(a)(ii) subject to extension as set forth in Section 2.02(b), the Company may proceed with the Commencement of Foreclosure in respect of such Mortgage Loan in accordance with its normal foreclosure policies without further notice to the Purchaser. Any foreclosure that has been initiated may be discontinued (i) without notice to the Purchaser if the Mortgage Loan has been brought current or if a refinancing or prepayment occurs with respect to the Mortgage Loan (including by means of a short payoff approved by the Company) or (ii) with notice to the Purchaser if the Company has reached the terms of a forbearance agreement with the borrower. In such latter case the Company may complete such forbearance agreement unless instructed otherwise by the Purchaser within two Business Days of notification. (b) In connection with any Mortgage Loan with respect to which a notice under Section 2.01(a)(ii) has been given to the Purchaser, the Purchaser may elect to instruct the Company to delay the Commencement of Foreclosure until such time as the Purchaser determines that the Company may proceed with the Commencement of Foreclosure. Such election must be evidenced by written notice received within 24 hours (exclusive of any intervening non-Business Days) of transmission of the notice provided by the Company under Section 2.01(a)(ii). The Purchaser shall send a copy of such notice of election to each Rating Agency as soon as practicable thereafter. Such 24-hour period shall be extended for no longer than an additional four Business Days after the receipt of the information if the Purchaser requests additional information related to such foreclosure within such 24-hour period; provided, however, that the Purchaser will have at least one Business Day to make such election following its receipt of any requested additional information. Any such additional information shall (i) not be confidential in nature and (ii) be obtainable by the Company from existing reports, certificates or statements or otherwise be readily accessible to its servicing personnel. The Purchaser agrees that it has no right to deal with the mortgagor. However, if the Company's normal foreclosure policies include acceptance of a 5 deed-in-lieu of foreclosure or short payoff, the Purchaser will be notified and given two Business Days to respond. (c) With respect to any Mortgage Loan as to which the Purchaser has made an Election to Delay Foreclosure, the Purchaser shall obtain a Current Appraisal as soon as practicable, and shall provide the Company with a copy of such Current Appraisal. (d) Within two Business Days of making any Election to Delay Foreclosure, the Purchaser shall remit by wire transfer to the Trustee, for deposit in the Collateral Fund, an amount, as calculated by the Company, equal to the sum of (i) 125% of the greater of the Scheduled Principal Balance of the Mortgage Loan and the value shown in the Current Appraisal referred to in subsection (c) above (or, if such Current Appraisal has not yet been obtained, the Company's estimate thereof, in which case the required deposit under this subsection shall be adjusted upon obtaining such Current Appraisal), and (ii) three months' interest on the Mortgage Loan at the applicable Mortgage Rate. If any Election to Delay Foreclosure extends for a period in excess of three months (such excess period being referred to herein as the "Excess Period"), the Purchaser shall remit by wire transfer in advance to the Trustee for deposit in the Collateral Fund the amount of each additional month's interest, as calculated by the Company, equal to interest on the Mortgage Loan as the applicable Mortgage Rate for the Excess Period. The terms of this Agreement will no longer apply to the servicing of any Mortgage Loan upon the failure of the Purchaser to deposit the above amounts relating to the Mortgage Loan within two Business Days of (i) the Election to Delay Foreclosure or (ii) the beginning of the related Excess Period, as the case may be. (e) With respect to any Mortgage Loan as to which the Purchaser has made an Election to Delay Foreclosure, the Company or the Trustee may withdraw from the Collateral Fund from time to time amounts necessary to reimburse the Company for all related Monthly Advances and Liquidation Expenses thereafter made by the Company as Servicer in accordance with the Pooling and Servicing Agreement. To the extent that the amount of any such Liquidation Expense is determined by the Company based on estimated costs, and the actual costs are subsequently determined to be higher, the Company or the Trustee may withdraw the additional amount from the Collateral Fund to reimburse the Company. In the event that the Mortgage Loan is brought current by the mortgagor, the amounts so withdrawn from the Collateral Fund shall be redeposited therein as and to the extent that reimbursement therefor from amounts paid by the mortgagor is not prohibited pursuant to the Pooling and Servicing Agreement as of the date hereof. Except as provided in the preceding sentence, amounts 6 withdrawn from the Collateral Fund to cover Monthly Advances and Liquidation Expenses shall not be redeposited therein or otherwise reimbursed to the Purchaser. If and when any such Mortgage Loan is brought current by the mortgagor, all amounts remaining in the Collateral Fund in respect of such Mortgage Loan (after adjustment for all previous withdrawals and deposits pursuant to this subsection and after reimbursement to the Servicer for all related Monthly Advances) shall be released to the Purchaser. (f) With respect to any Mortgage Loan as to which the Purchaser has made an Election to Delay Foreclosure, the Company shall continue to service the Mortgage Loan in accordance with its customary procedures (other than the delay in Commencement of Foreclosure as provided herein). If and when, following such election, the Purchaser shall notify the Company that it believes that it is appropriate to do so, the Company shall proceed with the Commencement of Foreclosure; provided that, in any event, if the Mortgage Loan is not brought current by the mortgagor by the time the loan becomes 6 months delinquent, the Purchaser's election shall no longer be effective, unless the Purchaser shall have purchased the related Mortgage Loan promptly following (and in any event not later than the third Business Day after) the end of such 6-month period in the manner provided in the following two sentences, and the Company shall be entitled to proceed with the Commencement of Foreclosure. Any purchase of such Mortgage Loan by the Purchaser pursuant to the preceding sentence shall be at a purchase price equal to the unpaid principal balance of the Mortgage Loan plus accrued interest at the Mortgage Rate from the date last paid by the mortgagor. Such purchase price shall be deposited by the Purchaser into the Collateral Fund in immediately available funds on the Business Day which is the date of purchase and the Purchaser shall instruct the Trustee (with notice to the Company) to withdraw such amount therefrom on such Business Day and remit the same to the Trust Fund for application as Liquidation Proceeds pursuant to the Pooling and Servicing Agreement. Following such withdrawal, all amounts remaining in the Collateral Fund in respect of such Mortgage Loan (after adjustment for all previous withdrawals and deposits pursuant to this Agreement and after reimbursement to the Servicer for all related Monthly Advances) shall be released to the Purchaser. (g) Upon the occurrence of a liquidation with respect to any Mortgage Loan as to which the Purchaser made an Election to Delay Foreclosure and as to which the Company proceeded with the Commencement of Foreclosure in accordance with subsection (f) above, the Company shall calculate the amount, if any, by which the value shown on the Current Appraisal obtained under subsection (c) exceeds the actual sales price obtained for the related Mortgaged Property (net of Liquidation Expenses and 7 unreimbursed Monthly Advances related to the extended foreclosure period), and the Company or the Trustee shall withdraw the amount of such excess from the Collateral Fund and shall remit the same to the Trust Fund for application as additional Liquidation Proceeds pursuant to the Pooling and Servicing Agreement. After making such withdrawal, all amounts remaining in the Collateral Fund in respect of such Mortgage Loan (after adjustment for all withdrawals and deposits pursuant to subsection (e) and after reimbursement to the Servicer for all related Monthly Advances) shall be released to the Purchaser. Section 2.03. Purchaser's Election to Commence Foreclosure Proceedings. (a) In connection with any Mortgage Loan identified in a report under Section 2.01(a)(i)(B), the Purchaser may elect to instruct the Company to proceed with the Commencement of Foreclosure as soon as practicable. Such election must be evidenced by written notice received by the Company by 5:00 p.m., New York City time, on the third Business Day following the delivery of such report under Section 2.01(a)(i). (b) Within two Business Days of making any Election to Foreclose, the Purchaser shall remit to the Trustee, for deposit in the Collateral Fund, an amount, as calculated by the Company, equal to 125% of the current Scheduled Principal Balance of the Mortgage Loan and three months' interest on the Mortgage Loan at the applicable Mortgage Rate. If and when any such Mortgage Loan is brought current by the mortgagor, all amounts in the Collateral Fund in respect of such Mortgage Loan (after adjustment for all withdrawals and deposits pursuant to subsection (c) below) shall be released to the Purchaser. The terms of this Agreement will no longer apply to the servicing of any Mortgage Loan upon the failure of the Purchaser to deposit the above amounts relating to the Mortgage Loan within two Business Days of the Election to Foreclose. (c) With respect to any Mortgage Loan as to which the Purchaser has made an Election to Foreclose, the Company shall continue to service the Mortgage Loan in accordance with its customary procedures. In connection therewith, the Company shall have the same rights to make withdrawals for Monthly Advances and Liquidation Expenses from the Collateral Fund as are provided under Section 2.02(e), and the Company shall make reimbursements thereto to the limited extent provided under such subsection. The Company shall not be required to proceed with the Commencement of Foreclosure if (i) the same is stayed as a result of the mortgagor's bankruptcy or is otherwise barred by applicable law, or to the extent that all legal conditions precedent thereto have not yet been complied with, or (ii) the 8 Company believes there is a breach of representations or warranties by the Company, which may result in a repurchase or substitution of such Mortgage Loan, or (iii) the Company has or expects to have the right under the Pooling and Servicing Agreement to purchase the defaulted Mortgage Loan and intends to exercise such right or (iv) the Company reasonably believes the Mortgaged Property may be contaminated with or affected by hazardous wastes or hazardous substances (and the Company supplies the Purchaser with information supporting such belief) or (v) the same is prohibited by or is otherwise inconsistent with the provisions of the Pooling and Servicing Agreement. Any foreclosure that has been initiated may be discontinued (i) without notice to the Purchaser if the Mortgage Loan has been brought current or if a refinancing or prepayment occurs with respect to the Mortgage Loan (including by means of a short payoff approved by the Purchaser) or (ii) with notice to the Purchaser if the Company has reached the terms of a forbearance agreement unless instructed otherwise by the Purchaser within two Business Days of notification. (d) Upon the occurrence of a liquidation with respect to any Mortgage Loan as to which the Purchaser made an Election to Foreclose and as to which the Company proceeded with the Commencement of Foreclosure in accordance with subsection (c) above, the Company shall calculate the amount, if any, by which the Scheduled Principal Balance of the Mortgage Loan at the time of liquidation (plus all unreimbursed Monthly Advances and Liquidation Expenses in connection therewith other than those previously paid from the Collateral Fund) exceeds the actual sales price obtained for the related Mortgaged Property, and the Company or the Trustee shall withdraw the amount of such excess from the Collateral Fund and shall remit the same to the Trust Fund for application as additional Liquidation Proceeds pursuant to the Pooling and Servicing Agreement. After making such withdrawal, all amounts remaining in the Collateral Fund (after adjustment for all withdrawals and deposits pursuant to subsection (c) above and after reimbursement to the Servicer for all related Monthly Advances) in respect of such Mortgage Loan shall be released to the Purchaser. Section 2.04. Termination. (a) With respect to all Mortgage Loans included in the Trust Fund, the Purchaser's right to make any Election to Delay Foreclosure or any Election to Foreclose and the Company's obligations under Section 2.01 shall terminate on the earliest to occur of the following: (i) at such time as the Class Certificate Principal Balance of the Class B_ Certificates has been reduced to zero, (ii) if the greater of (x) 43% (or such lower or higher percentage that represents the Company's actual 9 loss experience with respect to the Mortgage Loans in the related pool) of the aggregate principal balance of all Mortgage Loans that are in foreclosure or are more than 90 days delinquent on a contractual basis and the aggregate book value of REO properties or (y) the aggregate amount that the Company estimates through its normal servicing practices will be required to be withdrawn from the Collateral Fund with respect to Mortgage Loans as to which the Purchaser has made an Election to Delay Foreclosure or an Election to Foreclose exceeds (z) the then-current Class Certificate Principal Balance of the Class B_ Certificates, or (iii) upon any transfer by the Purchaser of any interest (other than the minority interest therein, but only if the transferee provides written acknowledgment to the Company of the Purchaser's right hereunder and that such transferee will have no rights hereunder) in the Class B_ Certificates [or in the Class B5 Certificates] (whether or not such transfer is registered under the Pooling and Servicing Agreement), including any such transfer in connection with a termination of the Trust Fund. Unless earlier terminated as set forth herein, this Agreement and the respective rights, obligations and responsibilities of the Purchaser and the Company hereunder shall terminate immediately upon (x) the later to occur of (i) the final liquidation of the last Mortgage Loan as to which the Purchaser made any Election to Delay Foreclosure or any Election to Foreclose and the withdrawal of all remaining amounts in the Collateral Fund as provided herein and (ii) ten (10) Business Days' notice or (y) the occurrence of any event that results in the Purchaser becoming an "affiliate" of the Trustee within the meaning of the Prohibited Transaction Exemption (as defined in the Pooling and Servicing Agreement). (b) The Purchaser's rights pursuant to Section 2.02 or 2.03 of this Agreement shall terminate with respect to a Mortgage Loan as to which the Purchaser has exercised its rights under Section 2.02 or 2.03 hereof, upon Purchaser's failure to deposit any amounts required pursuant to Section 2.02(d) or 2.03(b) after one Business Day's notice of such failure. Section 2.05. Notification. The Purchaser shall promptly notify the Trustee and the Company if such Purchaser becomes aware of any discussions, plans or events that might lead to such Person's becoming an "affiliate" (within the meaning of the Prohibited Transaction Exemption) of the Trustee, provided that the contents of any such notification shall be kept confidential by the parties to this Agreement. 10 ARTICLE III COLLATERAL FUND; SECURITY INTEREST Section 3.01. Collateral Fund. Upon payment by the Purchaser of the initial amount required to be deposited in the Collateral Fund pursuant to Article II, the Company shall request the Trustee to establish and maintain with the Trustee a segregated account entitled "REMIC Multi-Class Pass-Through Certificates 199_-__ Collateral Fund, for the benefit of GE Capital Mortgage Services, Inc. and State Street Bank and Trust Company on behalf of Certificateholders, as secured parties" (the "Collateral Fund"). Amounts held in the Collateral Fund shall continue to be the property of the Purchaser, subject to the first priority security interest granted hereunder for the benefit of such secured parties, until withdrawn from the Collateral Fund pursuant to the Section 2.02 or 2.03 hereof. Upon the termination of this Agreement and the liquidation of all Mortgage Loans as to which the Purchaser has made any Election to Delay Foreclosure or any Election to Foreclose pursuant to Section 2.04 hereof, the Company shall distribute to the Purchaser all amounts remaining in the Collateral Fund together with any investment earnings thereon (after giving effect to all withdrawals therefrom permitted under this Agreement). The Purchaser shall not take or direct the Company or the Trustee to take any action contrary to any provision of the Pooling and Servicing Agreement. In no event shall the Purchaser (i) take or cause the Trustee or the Company to take any action that could cause any REMIC established under the Pooling and Servicing Agreement to fail to qualify as a REMIC or cause the imposition on any such REMIC of any "prohibited transaction" or "prohibited contribution" taxes or (ii) cause the Trustee or the Company to fail to take any action necessary to maintain the status of any such REMIC as a REMIC. Section 3.02. Collateral Fund Permitted Investments. The Company shall, at the written direction of the Purchaser, direct the Trustee to invest the funds in the Collateral Fund in the name of the Trustee in Collateral Fund Permitted Investments. Such direction shall not be changed more frequently then quarterly. In the absence of any direction, the Company shall direct the Trustee select such investments in accordance with the definition of Collateral Fund Permitted Investments in its discretion. All income and gain realized from any investment as well as any interest earned on deposits in the Collateral Fund (net of 11 any losses on such investments) and any payments of principal made in respect of any Collateral Fund Permitted Investment shall be deposited in the Collateral Fund upon receipt. All costs and realized losses associated with the purchase and sale of Collateral Fund Permitted Investments shall be borne by the Purchaser and the amount of net realized losses shall be promptly deposited by the Purchaser in the Collateral Fund. The Company shall periodically (but not more frequently than monthly) direct the Trustee to distribute to the Purchaser upon request an amount of cash, to the extent cash is available therefor in the Collateral Fund, equal to the amount by which the balance of the Collateral Fund, after giving effect to all other distributions to be made from the Collateral Fund on such date, exceeds the Required Collateral Fund Balance. Any amounts so distributed shall be released from the lien and security interest of this Agreement. Section 3.03. Grant of Security Interest. In order to secure the obligations of the Purchaser hereunder to the Company and the Trustee for the benefit of Certificateholders (other than its obligations under Section 4.10), the Purchaser hereby grants to the Company and to the Trustee for the benefit of the Certificateholders a security interest in and lien on all of the Purchaser's right, title and interest, whether now owned or hereafter acquired, in and to: (1) the Collateral Fund, (2) all amounts deposited in the Collateral Fund and Collateral Fund Permitted Investments in which such amounts are invested (and the distributions and proceeds of such investments) and (3) all cash and non-cash proceeds of any of the foregoing, including proceeds of the voluntary or involuntary conversion thereof (all of the foregoing collectively, the "Collateral"). The Purchaser acknowledges the lien on and security interest in the Collateral for the benefit of the Company and the Trustee on behalf of the Certificateholders. The Purchaser shall take all actions requested by the Company or the Trustee as may be reasonably necessary to perfect the security interest created under this Agreement in the Collateral and cause it to be prior to all other security interests and liens, including the execution and delivery to the Company or at its direction the Trustee for filing of appropriate financing statements in accordance with applicable law. Section 3.04. Collateral Shortfalls. In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Company or the Trustee is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the Company or the Trustee immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser. The 12 failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Mortgage Loan pursuant to Sections 2.02(d) and 2.03(b)), shall cause an immediate termination of the Purchaser's right to make any Election to Delay Foreclosure or Election to Foreclose and the Company's obligations under this Agreement with respect to all Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the Company. ARTICLE IV MISCELLANEOUS PROVISIONS Section 4.01. Amendment. This Agreement may be amended from time to time by the Company and the Purchaser by written agreement signed by the Company and the Purchaser provided that no such amendment shall have a material adverse effect on the holders of other Classes of Certificates. Section 4.02. Counterparts. 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 4.03. Governing Law. This Agreement shall be 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 4.04. Notices. All demands, notices and direction hereunder shall be in writing or by telecopy and shall be deemed effective upon receipt to: (a) in the case of the Company, with respect to notices pursuant to Sections 2.02 and 2.03 hereto, GE Capital Mortgage Services, Inc. 2000 West Loop South Suite 1917 Houston, Texas 77027 Attention: Mark Pendergrass Telephone: (713) 964-4207 Facsimile: (713) 964-4100 with respect to all other notices pursuant to this Agreement, GE Capital Mortgage Services, Inc. Three Executive Campus Cherry Hill, New Jersey 08002 13 Attention: General Counsel Telephone: (609) 661-6515 Facsimile: (609) 661-6875 or such other address as may hereafter be furnished in writing by the Company, or (b) in the case of the Purchaser, with respect to notices pursuant to Section 2.01, ________________________________ ________________________________ ________________________________ Attention:______________________ Telephone:______________________ Facsimile:______________________ with respect to all other notices pursuant to this Agreement, ________________________________ ________________________________ ________________________________ Attention:______________________ Telephone:______________________ Facsimile:______________________ or such other address as may hereafter be furnished in writing by the Purchaser, or (c) in the case of the Trustee, State Street Bank and Trust Company Corporate Trust Department Two International Place, Fifth Floor Boston, Massachusetts 02110 Attention: Karen Beard Telephone: (617) 664-5465 Facsimile: (617) 664-5367 Section 4.05. Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever, including regulatory, 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. 14 Section 4.06. Successor and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and the respective successors and assigns of the parties hereto; provided, however, that the rights under this Agreement cannot be assigned by the Purchaser without the consent of the Company. Section 4.07. Article and Section Headings. The article and section headings herein are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. Section 4.08. Third Party Beneficiaries. The Trustee on behalf of Certificateholders is the intended third party beneficiary of this Agreement. Section 4.09. Confidentiality. The Purchaser agrees that all information supplied by or on behalf of the Company pursuant to Section 2.01 or 2.02, including individual account information, is the property of the Company and the Purchaser agrees to use such information solely for the purposes set forth in this Agreement and to hold such information confidential and not to disclose such information. Section 4.10. Indemnification. The Purchaser agrees to indemnify and hold harmless the Company against any and all losses, claims, damages or liabilities to which it may be subject, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon actions taken by the Company in accordance with the provisions of this Agreement and which actions conflict or are alleged to conflict with the Company's obligations under the Pooling and Servicing Agreement. The Purchaser hereby agrees to reimburse the Company on demand for the reasonable legal or other expenses incurred by it in connection with investigating or defending any such loss, claim, damage, liability or action. [Section 4.11. Delayed Effectiveness. The Purchaser agrees that, notwithstanding any other provision of this Agreement, the Purchaser shall have no rights hereunder, and the Company shall have no obligations hereunder, until the Class Certificate Principal Balance of the Class B5 Certificates has been reduced to zero and any Special Servicing and Collateral Fund Agreement between the Company and the Purchaser relating to such Class B5 Certificates has been terminated.] 15 IN WITNESS WHEREOF, the Company and the Purchaser have caused their names to be signed hereto by their respective officers thereunto duly authorized, all as of the day and year first above written. GE CAPITAL MORTGAGE SERVICES, INC. By:_______________________________ Name: Title: [PURCHASER] By:_______________________________ Name: Title: Acknowledged and agreed to: STATE STREET BANK AND TRUST COMPANY By:_______________________________ Name: Title: 16 EXHIBIT B PRINCIPAL BALANCE SCHEDULES Not Applicable 17 EXHIBIT C MORTGAGE LOANS [Each Mortgage Loan shall be identified by loan number, address of the Mortgaged Property and name of the Mortgagor. The following details shall be set forth as to each Mortgage Loan: (i) the principal balance at the time of its orgination, (ii) the Scheduled Principal Balance as of the Cut-Off Date, (iii) the ineterst rate borne by the Mortgage Note, (iv) the scheduled monthly level payment of principal and interest, (v) the Loan-to-Value Ratio, (vi) the maturity date of the Mortgage Loan. Cooperative Loans shall be designated as such.] 18 EXHIBIT L FORM OF LOST NOTE AFFIDAVIT AND AGREEMENT I, _________________________________________, being duly sworn, do hereby state under oath that: 1. I am a duly elected ______________________ of GE Capital Mortgage Services, Inc. (the "Company") and am duly authorized to make this affidavit. 2. This affidavit is being delivered in connection with the transfer of the Mortgage Loan described in Paragraph 3 hereof by the Company pursuant to the Pooling and Servicing Agreement dated as of [date] between the Company, Seller and Servicer, and State Street Bank and Trust Company, Trustee, relating to the Company's REMIC Multi-Class Pass-Through Certificates, Series [____] ("Agreement"). Such Mortgage Loan constitutes a Designated Loan. 3. The Company is the payee under the following described Mortgage Note ("Mortgage Note") which evidences the obligation of the borrower(s) to repay the Mortgage Loan: Loan Number: __________________________________ Mortgage Note Date:_____________________________ Borrower(s): ___________________________________ Original Payee (if not the Company): ___________ Original Amount:________________________________ Mortgage Rate: _________________________________ Address of Mortgaged Property: _________________ ________________________________________________ 4. The Company is the lawful owner of the Mortgage Note and has not cancelled, altered, assigned or hypothecated the Mortgage Note. 5. A thorough and diligent search for the executed original Mortgage Note was undertaken and was unsuccessful. 6. Attached hereto is a true and correct copy of the Mortgage Note. 7. The Mortgage Note has not been endorsed by the Company in any manner inconsistent with its transfer of the Mortgage Loan under the Agreement. 8. Without limiting the generality of the rights and remedies of the Trustee contained in the Agreement, the Company hereby confirms and agrees that in the event the inability to produce the executed original Mortgage Note results in a breach of the representations and warranties appearing in Agreement subsections 2.03(a)(ii) (the validity and enforceability of the lien created by the Mortgage Loan) or (x) (no valid offset, defense or counterclaim to any Mortgage Note or Mortgage), the Company shall repurchase the Mortgage Loan at the Purchase Price and otherwise in accordance with Section 2.03(b) of the Agreement. In addition, the Company covenants and agrees to indemnify the Trustee and the Trust Fund from and hold them harmless against any and all losses, liabilities, damages, claims or expenses (other than those resulting from negligence or bad faith of the Trustee) arising from the Company's failure to have delivered the Mortgage Note to the Trustee, including without limitation any such losses, liabilities, damages, claims or expenses arising from any action to enforce the indebtedness evidenced by the Mortgage Note or any claim by any third party who is the holder of such indebtedness by virtue of possession of the Mortgage Note. 9. In the event that the Company locates the executed original Mortgage Note, it shall promptly provide the Mortgage Note to the Trustee. 10. Capitalized terms not otherwise defined herein shall have the meanings given them in the Agreement. Date: _______________________ __________________________________ (signature) __________________________________ (print name) __________________________________ (print title) 2 State of New Jersey ) ) ss: ) On this ____________________day of ___________________, 199__, before me appeared ____________________________, to me personally known, who acknowledged the execution of the foregoing and who, having been duly sworn states that he/she is a/the ______________________________of GE Capital Mortgage Services, Inc., that any representations therein contained are true, that this Lost Note Affidavit was signed and sealed on behalf of GE Capital Mortgage Services, Inc. and that this Lost Note Affidavit is the free act and deed of GE Capital Mortgage Services, Inc. ____________________________ (Notary Public) [Notarial Seal] 3 EXHIBIT M SCHEDULE OF DESIGNATED LOANS None EXHIBIT N SCHEDULE OF PLEDGED ASSET MORTGAGE LOANS None -----END PRIVACY-ENHANCED MESSAGE-----