-----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, Un/xjbTGT0doBSX1ZlJPoadT+UgjtAmSUjC2TUPNQiNSMLN7vfi0fzebOLocvfyk ybDEI7LEaoXg2oSnW7/Ylw== 0000912057-96-020829.txt : 19960923 0000912057-96-020829.hdr.sgml : 19960923 ACCESSION NUMBER: 0000912057-96-020829 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19960901 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960920 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERUS LIFE INSURANCE CO CENTRAL INDEX KEY: 0000837332 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 421405698 STATE OF INCORPORATION: IA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-23590 FILM NUMBER: 96632679 BUSINESS ADDRESS: STREET 1: 611 FIFTH AVE CITY: DES MOINES STATE: IA ZIP: 50309 BUSINESS PHONE: 5152832371 MAIL ADDRESS: STREET 1: 611 FIFTH AVENUE CITY: DES MOINES STATE: IA ZIP: 50309 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN MUTUAL LIFE INSURANCE CO DATE OF NAME CHANGE: 19950227 FORMER COMPANY: FORMER CONFORMED NAME: CENTRAL LIFE ASSURANCE CO DATE OF NAME CHANGE: 19920703 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 DATE OF REPORT: September 01, 1996 AMERUS LIFE INSURANCE COMPANY - ------------------------------------------------------ (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) IOWA --------------- (STATE OR OTHER JURISDICTION OF INCORPORATION) 33-23590 42-1405698 - --------- ---------- (COMMISSION FILE (IRS EMPLOYER NUMBER) IDENTIFICATION) 611 FIFTH AVENUE DES MOINES, IOWA 50309 -------------------------------------- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) REGISTRANT'S TELEPHONE NUMBER INCLUDING AREA CODE: (515) 283-2371 -------------- ----------------------------------------------------------- (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) ITEM 1-4. NOT APPLICABLE ITEM 5. OTHER EVENTS AmerUs Life Insurance Company, an stock insurance company (the "Registrant"), sold a pool of fixed rate, first lien commercial mortgage loans (the "Pool") to a trust (the "Trust") which issued $146,595,000 aggregate principal amount of its Commercial Mortgage Pass-Through Certificates, Series 1988-1 (the "Senior Certificates") evidencing beneficial ownership interest in the Trust in a public offering. The Senior Certificates were registered under the Act by a Registration Statement on Form S-11 (Registration No. 33-23590) which was declared effective by the Securities and Exchange Commission on September 28, 1988. Class B Certificates and Residual Certificates were also issued but have not been publicly offered. As servicer (the "Servicer") will service the mortgage loans comprising the Pool pursuant to the Pooling and Servicing Agreement dated as of October 5, 1988 (the "Pooling Servicing Agreement") between the Registrant and Chemical Bank, as Trustee (the Trustee"). (A copy of the Pooling and Servicing Agreement was filed as an exhibit to Registration No. 33-23590). The Registrant, as Servicer, has prepared on behalf of the Trust (i) the distribution date statement (the "Distribution Date (Statement") delivered to the Trustee and (ii) the monthly report (the "Monthly Statement") delivered to the holders of Senior Certificates and Class B Certificates. The Monthly Statement is prepared from the Distribution Date Statement. The Registrant has attached hereto as Exhibits 1 and 2, respectively, the Distribution Date Statement and Monthly Statement dated September 01, 1996 detailing the current status of the Pool. ITEM 6. NOT APPLICABLE ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. Exhibit 99.1 Distribution Date Statement from Registrant, as Servicer, to Trustee, dated 09/01/96. Exhibit 99.2 Monthly Statement from Registrant, as Servicer, to holders Senior Certificates and Class B Certificates dates 09/01/96. -2- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 as amended, the Registrant has duly caused this undersigned hereunto duly authorized. Dated: September 01, 1996 AmerUs Life Insurance Company By: /s/ Diane M. Davidson -3- AMERUS LIFE INSURANCE COMPANY EXHIBIT INDEX 99.1 Distribution Date Statement from Registrant, as Servicer, to Trustee, dated 09/01/96. 99.2 Monthly Statement from Registrant, as Servicer, to holders of Senior Certificates and Class B Certificates dated 09/01/96. -4- EX-99.1 2 EXHIBIT 99.1 CENTRAL LIFE ASSURANCE COMMERCIAL MORTGAGE PASS-THROUGH DEPOSITS AND APPLICATION OF FUNDS PURSUANT TO SECTION 4.01&4.02
Beginning Cerificate Account Balance 0.00 (4.01) Deposits: (y) sub-Cerificate Account (from Schedule G) 0.00 (i) Collection Account 524,883.06 (ii) Reserve fund (From Schedule b) 4.07(iv) 0.00 (ii) Expense Reserve Fund (From Schedule C) 4.07(xvii) 0.00 (iii) Recoverable Voluntary Advances (From Schedule A3) 4.07(v) 0.00 (iv) Excess Substituted Mortgages (2.05)(b)(2) 0.00 (v) Sale of mortgage Loans as Providedin Article x 0.00 (vi) Reinvestment Income: Certificate Account (4.01(b)) 794.07 Sub-Certificate Account 0.00 Reserve Fund (From schedule B) 2,096.89 Expense Reserve Fund (From Schedule c) 4.07(xvii) 17.57 2,908.53 Total Deposits Expected To be Available 527,791.59 (4.02) Withdrawals: (i) Expense Reserve Fund Deficiency (From Schedule C) 4.07(xvii) 2,674.03 (ii) Servicer's Basic Fee (From Schedule E) 4.07(xviii) 5,039.00 (ii) Servicer's Re-Investment Income (From Schedule E) 2,908.53 (iii) Recoverable Delinquent Payments Voluntary Advance Reimburesement 4.07(i) 0.00 Reserve Fund Replenishment (From Schedule B) 4.07(ii) 0.00 0.00 (iv) Non-Recoverable Delinquent Payments: (first) Voluntary Advance Reimburesement 4.07(i) 0.00 (second) Reserve Fund Replenishment (From Schedule B) 4.07(ii) 0.00 0.00 ------------- Cash Flow Balance to Certificate Holders 517,170.03 (third) Total Senior Distribution-Interest (From Schedule A) 4.07(iii) 44,161.08 (fourth) Total Senior Distribution-Reduction in Outstanding Amounts 4.07(iii) 217,083.64 (fifth) Total Class B Distribution-Interest (From Schedule A) 4.07(iii) 157,406.92 (sixth) Total Class B Distribution-Reduction in Outstanding Amounts 4.07(iii) 0.00 Surplus Distribution: (seventh) Class A Certificates reduction 4.07(iii) 98,518.39 (eighth) Class B Certificates Reduction (From Schedule A1) 4.07(iii) 0.00 ------------- Total Distribution to Certificate Holders 517,170.03 ------------- Remaining Balance Distributable (If negative, see Schedule H pg 11) 4.07(vi) 0.00 (ninth) Residual Certificates Holders 4.07(ix) 0.00 Ending Certificate Release 0.00 ------------- 0.00
page 2 CENTRAL LIFE ASSURANCE DISTRIBUTION BY CLASS COMMERCIAL MORTGAGE PASS-THROUGH (Schedule A1) PURSUANT TO SECTION 4.02(iv) Page 2 of 10
----------------Senior----- ------------ Class A-1 Class A-2 Class A-3 Certificates Certificates Certificates ------------ ------------ ------------ Required Senior Distribution Amount by Class: (third) Current Accrued Interest 0.00 0.00 0.00 (third) Past Due Accrued Interest 0.00 0.00 0.00 (fourth) Current Reduction in Outstanding Amount 0.00 0.00 0.00 (fourth) Past Due Reduction in Outstanding Amount 0.00 0.00 ------------ ------------ ------------ Total Senior Distribution (To Schedule A) 0.00 0.00 0.00 Required Class B Distribution Amount by Class: (fifth) Current Accrued Interest (fifth) Past Due Accrued Interest (sixth) Reduction in Outstanding Amount Current Subordinate Amount Release Past Due Subordinate Amount Release Total Class B Distribution (To Schedule A) (seventh)Additional Senior Participation Reduction (the Lessor of:) (i) Surplus 0.00 0.00 0.00 (ii) Aggregate Outstanding Amount after clause fourth 0.00 0.00 0.00 Additional Senior Amount To Be Distributed 0.00 0.00 0.00 (eighth) Additional Class B Certificate Reduction (The Lessor of:) (i) Remainder (ii) Aggregate Outstanding Amount Additional Class B Amount To Be Distributed ------------------------------------------ Class A-4 Class B Total Certificates Certificates ------------ ------------ ------------ Required Senior Distribution Amount by Class: (third) Current Accrued Interest 44,161.08 44,161.08 (third) Past Due Accrued Interest 0.00 0.00 (fourth) Current Reduction in Outstanding Amount 217,083.64 217,083.64 (fourth) Past Due Reduction in Outstanding Amount 0.00 0.00 ------------ ------------ Total Senior Distribution (To Schedule A) 261,244.72 261,244.72 Required Class B Distribution Amount by Class: (fifth) Current Accrued Interest 157,406.92 157,406.92 (fifth) Past Due Accrued Interest 0.00 0.00 (sixth) Reduction in Outstanding Amount Current Subordinate Amount Release 0.00 0.00 Past Due Subordinate Amount Release 0.00 0.00 ------------ Total Class B Distribution (To Schedule A) 157,406.92 (seventh)Additional Senior Participation Reduction (the Lessor of:) (i) Surplus 98,518.39 98,518.39 (ii) Aggregate Outstanding Amount after clause fourth 5,671,060.53 5,671,060.53 Additional Senior Amount To Be Distributed 98,518.39 0.00 (eighth) Additional Class B Certificate Reduction (The Lessor of:) (i) Remainder 0.00 0.00 (II) Aggregate Outstanding Amount 20,987,589.00 20,987,589.00 Additional Class B Amount To Be Distributed 0.00 0.00
page 3 CENTRAL LIFE ASSURANCE DISTRIBUTION BY CERTIFICATE COMMERCIAL MORTGAGE PASS-THROUGH (Schedule A2) PURSUANT TO SECTION 4.07(vii) Page 3 of 10
------------------------------------------ Class A-1 Class A-2 Class A-3 Certificates Certificates Certificates ------------ ------------ ------------ Required Senior Distribution Amount by Class: (third) Current Accrued Interest 0.00000000 0.00000000 0.00000000 (third) Past Due Accrued Interest 0.00000000 0.00000000 0.00000000 (fourth) Current Reduction in Outstanding Amount 0.00000000 0.00000000 0.00000000 (fourth) Past Due Reduction in Outstanding Amount 0.00000000 0.00000000 0.00000000 ------------ ------------ ------------ Total Senior Distribution 0.00000000 0.00000000 0.00000000 Required Class B Distribution Amount by Class: (fifth) Current Accrued Interest (fifth) Past Due Accrued Interest (sixth) Reduction in Outstanding Amount Current Subordinate Amount Release Past Due Subordinate Amount Release Total Class B Distribution (seventh)Additional Senior Part.Cert.Reduction (the Lessor of:) (i) Surplus 0.00000000 0.00000000 0.0000 (ii) Aggregate Outstanding Amount after fourth clause 0.00000000 0.00000000 0.0000 Additional Senior Amount To Be Distributed 0.00000000 0.00000000 0.0000 (eighth) Additional Class B Certificate Reduction (The Lessor of:) (i) Remainder (II) Aggregate Outstanding Amount Additional Class B Amount To Be Distributed ------------------------------------------ Class A-4 Class B Total Certif. Certificates ------------ ------------ ------------ Required Senior Distribution Amount by Class: (third) Current Accrued Interest 2.90629023 2.90629023 (third) Past Due Accrued Interest 0.00000000 0.00000000 (fourth) Current Reduction in Outstanding Amount 14.28651793 0.00000000 (fourth) Past Due Reduction in Outstanding Amount 0.00000000 0.00000000 ------------ ------------ ------------ Total Senior Distribution 17.19280816 2.90629023 Required Class B Distribution Amount by Class: (fifth) Current Accrued Interest 7.50000012 7.50000012 (fifth) Past Due Accrued Interest 0.00000000 0.00000000 (sixth) Reduction in Outstanding Amount 0.00000000 Current Subordinate Amount Release 0.00000000 0.00000000 Past Due Subordinate Amount Release 0.00000000 0.00000000 ------------ ------------ Total Class B Distribution 7.50000012 7.50000012 (seventh)Additional Senior Part.Cert.Reduction (the Lessor of:) (i) Surplus 6.4836 (ii) Aggregate Outstanding Amount after fourth clause 373.2189 373.21885686 Additional Senior Amount To Be Distributed 6.4836 0.00000000 (eighth) Additional Class B Certificate Reduction (The Lessor of:) 0.00000000 (i) Remainder 0.00000000 (II) Aggregate Outstanding Amount 0.00000000 Additional Class B Amount To Be Distributed 0.00000000
Page 4 CENTRAL LIFE ASSURANCE AGGREGATE BALANCES COMMERCIAL MORTGAGE PASS-THROUGH (Schedule A3) PURSUANT TO SECTION 4.07 Page 4 of 10
----------------------Senior--------------------------- Class A-1 Class A-2 Class A-3 Certificates Certificates Certificates ------------- ------------- ------------- Senior Participation Outstanding Amounts: Before Distributions - by Class(To Schedule C) 0.00 0.00 0.00 by Certificate 0.00 0.00 0.00 After Distributions - by Class 0.00 0.00 0.00 by Certificate 0.00 0.00 0.00 Class B Participation Outstanding Amounts: Before Distributions - by Class by Certificate After Distributions - by Class by Certificate Outstanding Amt./Initial Aggregate Amt. 0.00000% 0.00000% 0.00000% Pool Values (excludes Residual) Previous Adjusted Pool Value This Month's Adjusted Pool Value Subordinated Amount: Before Distributions After Distributions Initial Outstanding Amount of Participation Cert.: 10,000,000.00 75,000,000.00 46,400,000.00 ------------------------------------------------------ Class A-4 Class B Total Certificates Certificates ------------ ------------ ------------ Senior Participation Outstanding Amounts: Before Distributions - by Class(To Schedule C) 5,888,144.17 5,888,144.17 by Certificate 387.51 387.51 After Distributions - by Class 5,572,542.14 5,572,542.14 by Certificate 366.74 366.74 Class B Participation Outstanding Amounts: Before Distributions - by Class 20,987,589.00 20,987,589.00 by Certificate 1,000.00 1,000.00 After Distributions - by Class 20,987,589.00 20,987,589.00 by Certificate 1,000.00 1,000.00 Outstanding Amt./Initial Aggregate Amt. 36.67353% 100.00% Pool Values (excludes Residual) Previous Adjusted Pool Value 12,878,488.00 This Month's Adjusted Pool Value 12,543,187.00 Subordinated Amount: Before Distributions 20,987,589.00 After Distributions 20,987,589.00 Initial Outstanding Amount of Participation Cert.: 15,195,000.00 20,987,589.00 167,582,589.00
CENTRAL LIFE ASSURANCE RESERVE FUND COMMERCIAL MORTGAGE PASS-THROUGH (Schedule B) PURSUANT TO SECTION 4.03 Page 5 of 10
Beginning Balance 700,000.00 (b) Deposits: (ii) From Certificate Account: (From Schedule A) Recoverable Reserve Fund Replenishment 0.00 4.07(ii) Non-Recoverable Reserve Fund Replenishment 0.00 0.00 4.07(ii) (d) Investment Income Received 2,096.89 ------------ Total Deposits 2,096.89 (c) Withdrawals: (i) To Certificate Account: (To Schedule A) Recoverable Late Payments Not Received 0.00 4.07(iv) (ii) Excess of Reserve Fund Balance Requirement 0.00 4.07(iv) (d) Investment Income Disbursed (To Schedule A) 2,096.89 ------------ Total Withdrawals 2,096.89 ------------ Ending Balance Before Other Provisions 700,000.00 4.07(viii) ------------ ------------
page 6 CENTRAL LIFE ASSURANCE EXPENSE RESERVE FUND COMMERCIAL MORTGAGE PASS-THROUGH (Schedule C) PURSUANT TO SECTION 4.03A Page 6 of 10
EXPENSE RESERVE FUND DEFICIENCY: 4.07(xvi) Pool(Loan) Balance -------------- LESSER OF 35,653,742.34 (1) The productof (1/12*.09%) & the Aggregate Pool (loan) Principal Bal. before payments OR (2) Expense Reserve Fund Balance(calculated below) 51,041.67 Less: Reserve Fund Begining Balance 5,872.17 EQUALS -------------- Expense Reserve Fund Deficiency(lesser of) 45,169.50 - --------------------------------------- ------------------------------------------------------------------ Begining Balance Deposits: (b) From Certificate Account:(From Schedule A) Expense Reserve Fund Deficiency (d) Investment Income Received Total Deposits (c) Whithdrawls: (i) Pool Expenses (From Schedule E) To Certificate Account: (Schedule A) (ii) Excess providing Outstanding Amounts=0 0.00 (iii) Excess of Ending Balance over Expense Reserve Fund Balance 0.00 (d) Investment Income Disbursed Total Withdrawls Ending Balance - --------------------------------------- ------------------------------------------------------------------ Expense Reserve Fund Balance: Agggregate Outstanding Amount of Senior Participation Certificates Before Distribution (From Schedule A3) 5,888,144.17 Aggregate outstanding Amount(above) Amount #of Months to 2008 ------------------------------ ------------------------------------------------------------------ If >120,000,then 50,000.00 12.25 51,041.67 If 60,000 but < 120,000,then 40,000.00 0.00 EXPENSE RESERVE FUND DEFICIENCY: 4.07(xvi) 1/12 of.09% of Pool Balance -------------------- LESSER OF 2,674.03 (1) The productof (1/12*.09%) & the Aggregate Pool (loan) Principal Bal. before payments OR (2) Expense Reserve Fund Balance(calculated below) Less: Reserve Fund Begining Balance EQUALS Expense Reserve Fund Deficiency(lesser of) 2,674.03 - --------------------------------------- -------------------------------------------------------------------------------- Begining Balance Deposits: 5,872.17 (b) From Certificate Account:(From Schedule A) 2,674.03 Expense Reserve Fund Deficiency (d) Investment Income Received 17.57 -------------- 2,691.60 Total Deposits (c) Whithdrawls: (i) Pool Expenses (From Schedule E) 3,000.00 To Certificate Account: (Schedule A) (ii) Excess providing Outstanding Amounts=0 (iii) Excess of Ending Balance over Expense Reserve Fund Balance 0.00 (d) Investment Income Disbursed 17.57 -------------- Total Withdrawls 3,017.57 ------------- Ending Balance 5,546.20 - --------------------------------------- -------------------------------------------------------------------------------- Expense Reserve Fund Balance: Agggregate Outstanding Amount of Senior Participation Certificates Before Distribution (From Schedule A3) Aggregate outstanding Amount(above) ------------------------------ -------------------------------------------------------------------------------- If >120,000,then If 60,000 but < 120,000,then
Page 7 CENTRAL LIFE ASSURANCE COMMERCIAL MORTGAGE PASS-THROUGH PURSUANT TO SECTION 4.03A
Collection Account Period Covered: 24-JUL-96 01-AUG-96 Release To Certificate Account: 01-SEPT-96 Beginning Balance Collection Account 0.00 Investment Income Received 0.00 0.00 (c) Total Deposits Withdrawals to Certificate Account:(To Sch. A) Deposits 0.00 Re-investment Income 0.00 0.00 Ending Balance
page 7a OTHER INPUTS & CALCULATIONS Page 7 of 10
Delinquent Payments determined not to be Recoverable: 1)Voluntary Advance Reimbursements 0.00 Total Past Int. Not Paid in Prev. Due Periods: 2) Reserve Fund Replenishment 0.00 Class A-1 Delinquent Payments Received during Due Period: Class A-2 1)Voluntary Advance Reimbursement 0.00 Class A-3 2) Recoverable Reserve Fund Replenishments 0.00 Class A-4 Delinquent Payments of this Due Period Class B 1)Recoverable Voluntary Advances 0.00 Total Past Reductions in Out. Amt. not Paid in Prev. Due Periods: 2)Recoverable Late Payments to be credited from Res. Acct. 0.00 Class A-1 Sale of Mortgage Loans as provided in Article X: 0.00 Class A-2 Excess substituted Mortgages 0.00 Class A-3 Aggregate Prin Bal of the 3 largest Loans: 14,233,864.06 Class A-4 Total Funds Deposited in Sub-Certificate Account 0.00 Class B The Preceding Subordinated Amount: 20,987,589.00 Past Subordinate Amount Release not Distrib.: Preceding Adjusted Pool Value 12,878,488.00 Previous Outstanding: The Aggregate Balloon Payment Deficiency: 0.00 Class A-1 Servicer' s Basic Fee 5,039.00 Class A-2 The sum of the Prin Bal.of each Mortg. loan Out.that was 60days 0.00 Class A-3 past due at any time during the last 6 mths ending this Due Per. Class A_4 Aggreg. Pool Prin.(loan) Bal.as of the beg. of this due per.:Due Per. 35,653,742.34 Class B Current Month 's Number 9.00 Liquidating Loans: The Current Year 1996 Loan 1 Aggregate Covered Losses of this Due Period: 0.00 Loan 2 Total Pool expenses as provided by CL: 3,000.00 Loan 3 This Month's Pool Value: 33,530,776.00 Investment Earnings: The Sum of the Aggregate Covered Losses for this Due Period: 0.00 Reserve Account Amount of Deposited into the Certificate a/c from the Sub/cert: 0.00 Expense Reserve Account Amount Deposited into Cert. Acct.d into Cert. Acct. 524,883.06 Certificate Account Begining Balance of Reserve Account: 700,000.00 Servicere's Reinvestment Income Begining Balance of Expense Reserve Account: 5,872.17 Sub-Certificate
a1 CENTRAL LIFE ASSURANCE COMMERCIAL MORTGAGE PASS-THROUGH SUBORDINATED AMOUNT CALCULATIONS
Lesser of: (i)&(ii) i) Preceding Subordinated Amount 20,987,589.00 Aggregate Covered Losses: 0.00 -------------- 20,987,589.00 The result of i 20,987,589.00 ii) Equal to The Greater of X or Y 14,233,864.06 X) 19% * Aggregate Pool Prin Bal 6,774,211.04 Y) aggregate unpaid prin bal. of 14,233,864.06 the 3 largest Mortgage Loans iii) The result of iii is i if iii>0: 0.00 x(a) The Aggregate Prin Bal of Mortg. 0.00 loans 60 days past due. x(b) Sum of the liquidating Loans 0.00 X) Is iii x(a)&x(b) > 5% of the 0.00 Pool Prin Bal. Y) The Aggregate Balloon Payment Defficiency Amount 0.00 Z) Is the sum of the Agg.Cov. Losses 0.00 greater than $4,197,646 d) The Subordinated Amount: 20,987,589.00 e) The Subordinated Amount Release: 0.00
EX-99.2 3 EXHIBIT 99.2 RECORD DATE: 08/31/96 PAYABLE DATE: 09/01/96
- ----------------------------------------------------------------------------------------------------------------------------- CLASS A-4 CLASS B TI AMOUNT AMT./$1,000 AMOUNT AMT./$1,000 TOTAL - ----------------------------------------------------------------------------------------------------------------------------- Class Original Principal Balance......... 15,195,000.00 20,987,589.00 36,182,589.00 Beginning Principal Balance.............. 5,888,144.17 20,987,589.00 26,875,733.17 Principal Distributed.................... 315,602.03 0.00 315,602.03 Interest Distributed..................... 44,161.08 2,906,290,227 157,406.92 7,500,000,119 201,570.91 TOTAL DISTRIBUTION....................... 359,763.11 157,406.92 517,170.03 Class Ending Principal Balance........... 5,572,542.14 20,987,589.00 26,560,131.14
- ----------------------------------- INFORMATION CONCERNING: - ----------------------------------- Liquidating Loans Sold Since The Preceding Distribution Date: The Sale Price Was: Principal Balance of the Mortgage Loan Prior to Such Sale Was: - ----------------------------------- Number of Loans Delinquent - ----------------------------------- 30 days: 60 or More Days: Principal Amount Delinquent More Than 30 Days: Principal Amount Delinquent More Than 60 Days: Principal Balance of Delinquent Loan Reserve Fund Balance After Debt. Distribution: Subordinated Amount After Distribution: -----END PRIVACY-ENHANCED MESSAGE-----